Schindler Holding Ltd. · SIX:SCHN

Schindler — Schindler Hldg Ag Akt — Q1 2024 Earnings Presentation

18 slides from Schindler's earnings presentation, Apr 18, 2024

  1. Slide 1: Q1 2024 results

    Q1 2024 results April 18, 2024 © Schindler 2024 I © Schindler 2024 I We Elevate I April 18, 2024 I Investor Relations

  2. Slide 2: Agenda

    Agenda 1. Key messages Silvio Napoli 2. Market outlook and order intake Paolo Compagna 3. Financial results and 2024 guidance Carla De Geyseleer 4. Q&A Silvio Napoli/Carla De Geyseleer/ Paolo Compagna 2 I © Schindler 2024 I We Elevate I April 18, 2024 I Investor Relations

  3. Slide 3: Solid start to the year

    Solid start to the year New Installations (NI) Successful modular platform launch Sustained pricing Modernization and markets discipline and Service markets continue to grow China weak, Europe and Americas under >40% efficiency pressure, India strong, measures Middle East growing of units sold in EM

  4. Slide 4: Agenda

    Agenda 1. Key messages Silvio Napoli 2. Market outlook and order intake Paolo Compagna 3. Financial results and 2024 guidance Carla De Geyseleer 4. Q&A Silvio Napoli/Carla De Geyseleer/ Paolo Compagna 4 I © Schindler 2024 I We Elevate I April 18, 2024 I Investor Relations

  5. Slide 5: Market outlook 2024: Worsening China NI market situation

    Market outlook 2024: Worsening China NI market situation Modernization and Service with sustained growth globally Indicative APAC Schindler Units Americas EMEA China w/o China Global revenue split New Installations – – ––– ++ –– New Installations Modernization + ++ +++ +++ ++ Modernization and Servi

  6. Slide 6: Schindler order intake by region and product line

    Schindler order intake by region and product line Growth in Modernization and Service offsetting lower NI order intake Q1 24 vs. Q1 23 in units Q1 24 vs. Q1 23 in value APAC APAC China w/o China Americas EMEA Global China w/o China Americas EMEA Global New Installations ++ + – + New Installations –

  7. Slide 7: Agenda

    Agenda 1. Key messages Silvio Napoli 2. Market outlook and order intake Paolo Compagna 3. Financial results and 2024 guidance Carla De Geyseleer 4. Q&A Silvio Napoli/Carla De Geyseleer/ Paolo Compagna 7 I © Schindler 2024 I We Elevate I April 18, 2024 I Investor Relations

  8. Slide 8: Sustained improvement in operating performance

    Sustained improvement in operating performance 4’900.00Order intake Revenue Operating cash flow Q1 24 vs. Q1 23 4’700.00 4’500.00 4’300.00 – 5.0% +6.7% +3.8% +1.5% +2.5% YoY growth +10.0% +15.2% +0.9% +4.3% +1.1% 4’100.00 in LC 3’900.00 600 547 507 3’700.00 3’500.00 3’300.00 2 889 3 049 2 960 3’100.

  9. Slide 9: Order intake and revenue

    Order intake and revenue Growth in local currencies despite market headwinds Order intake in CHF million Revenue in CHF million YoY growth in LC +2.5% +1.1% YoY growth in CHF –3.4% –4.4% 9 I © Schindler 2024 I We Elevate I April 18, 2024 I Investor Relations

  10. Slide 10: Order backlog margin continues to improve

    Order backlog margin continues to improve ~20% of legacy backlog remaining New Installations order backlog margin sequentially up 100% Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 0% 2022 2023 2024 2025+ 10 I © Schindler 2024 I We Elevate I April 18, 2024 I Investor Relations

  11. Slide 11: EBIT adjusted and EBIT

    EBIT adjusted and EBIT Improvement driven by efficiency gains, pricing effects, and mix in CHF million Top Speed 23 Restructuring cost +9 +2 Pricing Real estate gain -26 BuildingMinds -1 > Efficiency Inflation EBIT adj. EBIT adj. EBIT Operational Adjustments FX EBIT Q1 23 Q1 24 Q1 23 Q1 24 15.8% Gro

  12. Slide 12: Net profit and operating cash flow uptake

    Net profit and operating cash flow uptake Sustained improvement in Net Working Capital Net profit in CHF million Operating cash flow in CHF million +80% +9% 212 232 Q1 23 Q1 24 7.6% Margin 8.7% 1.84 Earnings per share (CHF) 2.05 12 I © Schindler 2024 I We Elevate I April 18, 2024 I Investor Relation

  13. Slide 13: 2024 guidance reiterated

    2024 guidance reiterated Operational improvements > headwinds Outlook 2024: 11% EBIT reported margin Low single-digit revenue growth Tailwinds Headwinds ▪ Growing Service and Modernization markets ▪ Challenging NI market conditions ▪ Operational efficiency and pricing discipline ▪ Consumption of leg

  14. Slide 14: Appendix

    Appendix 14 I © Schindler 2024 I We Elevate I April 18, 2024 I Investor Relations

  15. Slide 15: Q1 2024 key figures

    Q1 2024 key figures In CHF million Q1 2024 Q1 2023 r% r% in LC Order intake 2 791 2 889 –3.4 2.5 Revenue 2 673 2 796 –4.4 1.1 Operating profit (EBIT) 292 282 3.5 9.6 in % 10.9 10.1 Operating profit (EBIT), adjusted 298 1) 272 2) 9.6 15.8 in % 11.1 9.7 Financing and investing activities 4 –8 Profit b

  16. Slide 16: Balance sheet

    Balance sheet In CHF million 31.03.2024 in % 31.12.2023 in % 31.03.2023 in % Cash and cash equivalents 2 581 21.5 2 336 20.7 2 390 19.4 Other current assets 5 807 48.4 5 488 48.5 6 199 50.5 Total current assets 8 388 69.9 7 824 69.2 8 589 69.9 Non-current assets 3 620 30.1 3 484 30.8 3 705 30.1 Tota

  17. Slide 17: Quarterly overview Key figures

    Quarterly overview Key figures In CHF million 2024 2023 Q1 Q4 Q3 Q2 Q1 Order intake 2 791 2 844 2 657 3 049 2 889 Revenue 2 673 2 960 2 812 2 926 2 796 Operating profit (EBIT) 292 296 290 320 282 in % 10.9 10.0 10.3 10.9 10.1 Operating profit (EBIT), adjusted 298 338 311 334 272 in % 11.1 11.4 11.1

  18. Slide 18: Calendar 2024/2025

    Calendar 2024/2025 2024 2025 Full year results analyst and media conference February Ordinary General Meeting Schindler Holding Ltd. 19 March March Publication of key figures as of March 31 18 April April Publication of Interim Report as of June 30 19 July July Publication of key figures as of Septe

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