Schindler Holding Ltd. · SIX:SCHN
Schindler — H1 2018 Earnings Presentation
17 slides from Schindler's earnings presentation, Aug 17, 2018
Slide 1: Interim results as of June 30, 2018
Interim results as of June 30, 2018 August 17, 2018
Slide 2: Highlights: Balanced growth
Highlights Balanced growth ‒ Continued growth above market ‒ All regions and business lines contributed to growth ‒ Strong activity in large projects business, particularly in infrastructure ‒ Further progress in major strategic initiatives ‒ Inauguration of new plants in China and India ‒ Order int
Slide 3: Asia-Pacific: China stabilized
Asia-Pacific China stabilized Positive market development ‒ China: stable new installation business, fierce price competition in large projects ‒ India: demand picking up ‒ Southeast Asia: robust Schindler performance ‒ Strong new installation business throughout the region ‒ Service, repairs and ma
Slide 4: Americas: US with continued growth
Americas US with continued growth Mixed market developments ‒ North America: continued positive development on a high level ‒ Latin America: slow Brazilian recovery, other markets keep growing Schindler performance ‒ North America: sustained strong performance in all business lines ‒ Latin America:
Slide 5: EMEA: Solid markets
EMEA Solid markets Overall positive development ‒ Northern Europe: high construction activity continued ‒ Southern Europe: sustained growth in most markets Schindler performance ‒ Strong new installations business in all market segments ‒ Installed base with sound contribution to growth Key figures
Slide 6: Infrastructure projects and global key accounts drive growth
We elevate the world Infrastructure projects and global key accounts drive growth Commercial centers Infrastructure projects Landmark buildings Quay Quarter Tower, Sydney, Australia LAX airport, Terminal 1.5 and Automated Schiphol airport, New Pier A, People Mover, Los Angeles, USA Amsterdam, The Ne
Slide 7: Global production footprint completed
Global production footprint completed New escalator plant in India and step plant in China Switzerland Ebikon Slovakia United States Dunajská Streda Locarno Hanover Escalator factory in India Clinton Spain Zaragoza India Pune China Shanghai Suzhou Xuchang Brazil Londrina Biggest escalator step plant
Slide 8: Key figures April – June
Key figures as of June 30, 2018 April – June In CHF million Q2 2018 Q2 2017 Δ% Δ% in LC Order intake 3 047 2 739 11.2 8.2 Revenue 2 782 2 509 10.9 7.9 Operating profit (EBIT) 332 298 11.4 7.7 in % 11.9 1) 11.9 2) Net income from financing and investing activities 20 3) 16 Profit before taxes 352 314
Slide 9: Key figures April – June: cash flow and investments
Key figures as of June 30, 2018 April – June In CHF million Q2 2018 Q2 2017 Δ% Cash flow from operating activities 104 85 22.4 Investments in property, plant, and equipment 65 54 20.4 Key figures as of June 30, 2018 Page 9 17.08.2018 Schindler
Slide 10: Key figures January – June
Key figures as of June 30, 2018 January – June In CHF million 1H 2018 1H 2017 Δ% Δ% in LC Order intake 5 869 5 346 9.8 7.9 Revenue 5 255 4 769 10.2 8.4 Operating profit (EBIT) 613 558 9.9 7.5 in % 11.7 1) 11.7 2) Net income from financing and investing activities 11 3) –16 Profit before taxes 624 54
Slide 11: Key figures January – June: cash flow, backlog, employees
Key figures as of June 30, 2018 January – June In CHF million 1H 2018 1H 2017 Δ% Δ% in LC Cash flow from operating activities 434 441 –1.6 Investments in property, plant, and equipment 111 87 27.6 As of June 30 Order backlog 1) 8 708 7 785 11.9 8.9 Number of employees 62 707 59 055 6.2 1) With the i
Slide 12: Order backlog and revenue by region
Order backlog and revenue by region Robust order backlog provides solid base for future growth Revenue growth by region (in LC) Order backlog 1H 2018: CHF 8 708 million (+8.9% in LC) 12% 1H 2017: CHF 7 785 million 2018 2017 10% Asia-Pacific 39% 39% Americas 29% 30% 8% EMEA 32% 31% 6% Revenue 1H 2018
Slide 13: Outlook 2018
Outlook 2018 Status as of August 17, 2018 Business environment Schindler guidance ̶ Long-term growth drivers remain intact ̶ Revenue growth of between 5% to 7% in local currencies ̶ Market trends seen in the first half of (previous guidance: 3% to 5%) 2018 expected to largely continue in the second
Slide 14: Financial calendar
Financial calendar 2018 2019 Publication of selected key figures as of September 30 October 23 Full year results media conference February 14 Ordinary General Meeting Schindler Holding Ltd. March 26 Contact: Marco Knuchel, Head Investor Relations; Phone +41 41 445 30 61, investor.relations@schindler
Slide 15: Additional charts
Additional charts Key figures as of June 30, 2018 Page 15 17.08.2018 Schindler
Slide 16: Balance sheet
Balance sheet 1) In CHF million 30.6.2018 in % 1.1.2018 in % 30.6.2017 in % Cash and cash equivalents 1 992 20.5 1 709 19.2 1 625 20.0 Other current assets 4 320 44.4 3 982 44.9 3 537 43.6 Total current assets 6 312 64.9 5 691 64.1 5 162 63.6 Non-current assets 3 409 35.1 3 189 35.9 2 954 36.4 Total
Slide 17: Quarterly overview 2018/2017
Quarterly overview 2018/2017 In CHF million 2018 1) 2017 Q2 Q1 Q4 Q3 Q2 Q1 Order intake 3 047 2 822 2 906 2 737 2 739 2 607 Revenue 2 782 2 473 2 820 2 590 2 509 2 260 Operating profit (EBIT) 332 281 327 302 298 260 in % 11.9 11.4 11.6 11.7 11.9 11.5 Financing activities 24 –9 –9 3 23 –32 Investing