Schindler Holding Ltd. · SIX:SCHN
Schindler — Schindler Hldg Ag Akt — Q2 2021 Earnings Presentation
28 slides from Schindler's earnings presentation, Jul 23, 2021
Slide 1: Key figures as of June 30, 2021
Key figures as of June 30, 2021 July 23, 2021 © Schindler 2021 I © Schindler 2021 I We Elevate I July 23, 2021 I
Slide 2: Encouraging growth for the first half of 2021
Encouraging growth for the first half of 2021 ▪ Markets recovering at varying speeds ▪ COVID-relaxing measures challenged by new variants ▪ Foreign currency headwinds persisted; accelerating cost inflation ▪ Solid performance supported by continued weak prior-year comparison ▪ Revenue and operating
Slide 3: Corporate Responsibility
Corporate Responsibility 3
Slide 4: Corporate Responsibility Report 2020 – highlights
Corporate Responsibility Report 2020 – highlights 4 I © Schindler 2021 I We Elevate I July 23, 2021 I Investor Relations
Slide 5: Corporate Responsibility roadmap
Corporate Responsibility roadmap Good progress, but still a way to go in some areas 5 I © Schindler 2021 I We Elevate I July 23, 2021 I Investor Relations
Slide 6: Driving the Corporate Responsibility agenda
Driving the Corporate Responsibility agenda To be continued in 2021 and beyond Committed to science-based targets Committed to New targets added continuously to current roadmap improve reporting No waste to landfill by 2023 • Alignment with upcoming regulations and best practices • SASB • Adaption o
Slide 7: Top Speed 23 program and half year results
Top Speed 23 program and half year results 7
Slide 8: Macro-environment impacting our industry
Macro-environment impacting our industry Our response: accelerating future readiness Challenges The Schindler way Contracting segments Grow faster than in strategic markets the market Pricing pressure Do business Foster Industry leader Changing competitor Accelerating sustainably Improve profitabili
Slide 9: Top Speed 23 program structure
Top Speed 23 program structure Focus on key competitiveness levers Key initiative % of expenses Impact as of (year) Accelerate penetration in selected strategic New installations growth markets 5 – 10% 2022 Portfolio growth/investments Upgrade units across global maintenance in mass connectivity por
Slide 10: Order intake development
Order intake development Still slightly below 2019 levels Second quarter Half-year in CHF million in CHF million 6 090 6 043 5 355 +14.1 1) 3 122 3 106 +12.8% +6.7 2) 2 635 +17.7 1) –0.8 3) +17.9% +6.4 2) –0.5 3) Q2 2019 Q2 2020 Q2 2021 1H 2019 1H 2020 1H 2021 1) Growth in local currencies, in % 2)
Slide 11: Order intake growth by region and product line
Order intake growth by region and product line Growth across the board, MOD recovered in second quarter Growth vs. 1H 2020 China Asia-Pacific Americas EMEA Group w/o China Units New installations Maintenance Value New installations Modernization / Maintenance 0 to <5% 5% to <10% 10% to <20% >20% neg
Slide 12: Revenue development
Revenue development Supported by weak prior-year comparison Second quarter Half-year in CHF million in CHF million 5 431 5 475 4 959 +11.6 1) 2 873 +10.4% +8.2 2) 2 849 2 512 +14.3 1) +0.8 3) +14.4% +7.8 2) +0.8 3) Q2 2019 Q2 2020 Q2 2021 1H 2019 1H 2020 1H 2021 1) Growth in local currencies, in % 2
Slide 13: Revenue development: all regions and product lines up
Revenue development All regions and product lines up Half-year Revenue bridge Revenue by region in CHF million EMEA ▪ USD Americas ▪ BRL 2021 2020 China ▪ TRY Rest AP ▪ Others Asia-Pacific 29% 26% Americas 26% 29% EMEA 45% 45% 5% to <10% 10% to <20% <20% negative positive 13 I © Schindler 2021 I We
Slide 14: Operating profit development
Operating profit development Supported by topline growth, and operational measures Second quarter Half-year EBIT adjusted EBIT adjusted in CHF million in CHF million 616 638 507 +26.6 1) 334 337 +25.8% +12.0 2) 286 +16.4 1) +3.6 3) +17.8% +7.8 2) +0.9 3) Q2 2019 Q2 2020 Q2 2021 1H 2019 1H 2020 1H 20
Slide 15: Operating profit development: operational measures yielding results
Operating profit development Operational measures yielding results Half-year EBIT adjusted bridge Operational result drivers in CHF million (+) Operating leverage ▪ USD ▪ BRL (+) Modularity and COP *) (+) Lower OPEX due to COVID/ operational measures (–) Pricing/backlog margin pressure (–) Cost infl
Slide 16: Net profit development
Net profit development Back to pre-pandemic levels Second quarter Half-year in CHF million in CHF million 436 455 313 239 242 188 +45.4% +4.4 1) +28.7% +1.3 1) Q2 2019 Q2 2020 Q2 2021 1H 2019 1H 2020 1H 2021 1) Growth vs. 2019, in % 16 I © Schindler 2021 I We Elevate I July 23, 2021 I Investor Relat
Slide 17: Cash flow development
Cash flow development Driven by further improved net working capital Second quarter Half-year in CHF million in CHF million 721 2) 636 313 348 +13.4% 264 +107.2 1) 85 –15.7% +210.6 1) Q2 2019 Q2 2020 Q2 2021 1H 2019 1H 2020 1H 2021 Cash flow from operating activities 2) 2019: before settlement of pe
Slide 18: Outlook
Outlook 18
Slide 19: Outlook 2021
Outlook 2021 As of July 23, 2021 Business environment Schindler outlook for 2021 ▪ Markets recovering at varying speeds ▪ Revenue growth between 4% to 7% ▪ Swiss franc remains strong in local currencies, excluding any other unforeseeable events ▪ Increasing commodity and freight cost inflation → Sch
Slide 20: Financial calendar
Financial calendar 2021 2022 Publication of key figures as of March 31 April Publication of Interim Report as of June 30 July Publication of key figures as of September 30 October 21 October Annual results 2021 February Ordinary General Meeting Schindler Holding Ltd March 22 Contact: Marco Knuchel,
Slide 21: Additional charts
Additional charts 21
Slide 22: Key figures as of June 30, 2021: April to June 2021/2020
Key figures as of June 30, 2021 April to June 2021/2020 In CHF million Q2 2021 Q2 2020 r% r% in LC Order intake 3 106 2 635 17.9 17.7 Revenue 2 873 2 512 14.4 14.3 Operating profit (EBIT) 319 255 25.1 23.5 in % 11.1 10.2 Operating profit (EBIT), adjusted 337 1) 286 2) 17.8 16.4 in % 11.7 11.4 Financ
Slide 23: Key figures as of June 30, 2021: April to June 2021/2019
Key figures as of June 30, 2021 April to June 2021/2019 In CHF million Q2 2021 Q2 2019 r% r% in LC Order intake 3 106 3 122 –0.5 6.4 Revenue 2 873 2 849 0.8 7.8 Operating profit (EBIT) 319 322 –0.9 6.2 in % 11.1 11.3 Operating profit (EBIT), adjusted 337 1) 334 2) 0.9 7.8 in % 11.7 11.7 Financing an
Slide 24: Key figures as of June 30, 2021: January to June 2021/2020
Key figures as of June 30, 2021 January to June 2021/2020 In CHF million 1H 2021 1H 2020 r% r% in LC Order intake 6 043 5 355 12.8 14.1 Revenue 5 475 4 959 10.4 11.6 Operating profit (EBIT) 607 421 44.2 45.1 in % 11.1 8.5 Operating profit (EBIT), adjusted 638 1) 507 2) 25.8 26.6 in % 11.7 10.2 Finan
Slide 25: Key figures as of June 30, 2021: January to June 2021/2019
Key figures as of June 30, 2021 January to June 2021/2019 In CHF million 1H 2021 1H 2019 r% r% in LC Order intake 6 043 6 090 –0.8 6.7 Revenue 5 475 5 431 0.8 8.2 Operating profit (EBIT) 607 596 1.8 10.4 in % 11.1 11.0 Operating profit (EBIT), adjusted 638 1) 616 2) 3.6 12.0 in % 11.7 11.3 Financing
Slide 26: Quarterly overview: Key figures
Quarterly overview Key figures In CHF million 2021 2020 Q2 Q1 Q4 Q3 Q2 Q1 Order intake 3 106 2 937 2 951 2 712 2 635 2 720 Revenue 2 873 2 602 2 927 2 754 2 512 2 447 Operating profit (EBIT) 319 288 298 313 255 166 in % 11.1 11.1 10.2 11.4 10.2 6.8 Operating profit (EBIT), adjusted 337 301 341 337 2
Slide 27: Balance sheet
Balance sheet In CHF million 30.6.2021 in % 31.12.2020 in % 30.6.2020 in % Cash and cash equivalents 2 425 20.8 2 483 22.8 2 163 20.8 Other current assets 5 470 47.0 4 892 45.0 4 627 44.4 Total current assets 7 895 67.8 7 375 67.8 6 790 65.2 Non-current assets 3 741 32.2 3 502 32.2 3 627 34.8 Total
Slide 28: Order backlog
Order backlog Further improved, margin pressure persisted in CHF million Order backlog by region 9 217 9 623 8 936 2021 2020 +5.9 1) Asia-Pacific 39% 38% +7.7% +4.4 2) Americas 28% 30% EMEA 33% 32% 1H 2019 1H 2020 1H 2021 1) Growth in local currencies, in % 2) Growth vs. 2019, in % 28 I © Schindler
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