Schindler Holding Ltd. · SIX:SCHN
Schindler — Schindler Hldg Ag Akt — Q2 2020 Earnings Presentation
18 slides from Schindler's earnings presentation, Jul 24, 2020
Slide 1: Key figures as of June 30, 2020
Key figures as of June 30, 2020 Shanghai, July 24, 2020 China © Schindler 2020 I © Schindler 2020 I We Elevate I July 24, 2020 I
Slide 2: First half year heavily affected by COVID-19 and Swiss Franc appreciation
First half year heavily affected by COVID-19 pandemic and accelerated appreciation of the Swiss Franc Market overview Gradual re-opening in late Q2 in most regions after severe reduction in overall economy and construction; global economy entering into a recession; every country with different rec
Slide 3: Severe appreciation of Swiss Franc
Severe appreciation of Swiss Franc Negative translation impacts significant and accelerating In CHF million 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1H 2020 Total Revenue –291 –900 14 –137 –206 –472 –49 51 –44 –216 –302 –2 552 EBIT –35 –110 –16 –19 –30 –87 –8 17 –7 –28 –41 –364 0 -200 Reven
Slide 4: Active measures rolled out to adapt to the new reality due to COVID-19
Set of active measures rolled out to adapt to the new reality due to COVID-19 Update on key priorities Employees Customers Supply Chain Financials Coordinated global approach Business continuity secured All plants up and running with Cash flow and liquidity to supply personal protection than
Slide 5: New CleanMobility solutions
New CleanMobility solutions Safeguarding hygiene and safety Schindler CleanCall Schindler Ultra UV and Ultra UV Pro Schindler CleanSpace Schindler UV CleanCar Touchless elevator call and service Reliable and invisible protection for Expands the individual UV-C light system that cleans cabin buttons
Slide 6: Asia-Pacific: Recovery in China, mixed development in South East Asia
Asia-Pacific Recovery in China, mixed development in South East Asia Ongoing market recovery in Chinese new installations in Q2 China: recovering at accelerating speed; government supports infrastructure investments India: lockdown severely impacted market activity, with limited recovery so far
Slide 7: Americas: Mixed picture with high uncertainties
Americas Mixed picture with high uncertainties Decline in new installations market across the region North America: new installations significantly under pressure; commercial heavily impacted; persisting uncertainties; markets only slowly re-opening Latin America: severe decline in new installat
Slide 8: EMEA: Reopening of markets and business activities ongoing
EMEA Reopening of markets and business activities ongoing Recovery in new installations; resilience in service business Northern Europe: overall solid market development after lockdowns lifted with stable new installations and service business Southern Europe: activities restarted in all major c
Slide 9: Half-year results – January to June 2020
Half-year results – January to June 2020 Revenue and EBIT heavily impacted by market contraction Order intake decline driven by new installations and modernization; maintenance rather resilient Revenue with negative growth, varying notably between regions and business lines EBIT heavily impact
Slide 10: Key figures as of June 30, 2020: April to June
Key figures as of June 30, 2020 April to June In CHF million Q2 2020 Q2 2019 Δ% Δ% in LC Order intake 2 635 3 122 –15.6 –9.9 Revenue 2 512 2 849 –11.8 –5.8 Operating profit (EBIT) 255 322 –20.8 –12.7 in % 10.2 11.3 Operating profit (EBIT), adjusted 286 1) 334 2) –14.4 –6.3 in % 11.4 11.7 Financing a
Slide 11: Key figures as of June 30, 2020: January to June
Key figures as of June 30, 2020 January to June In CHF million 1H 2020 1H 2019 Δ% Δ% in LC Order intake 5 355 6 090 –12.1 –6.6 Revenue 4 959 5 431 –8.7 –3.1 Operating profit (EBIT) 421 596 –29.4 –22.7 in % 8.5 11.0 Operating profit (EBIT), adjusted 507 1) 616 2) –17.7 –10.7 in % 10.2 11.3 Financing
Slide 12: Launching cost optimization program to secure competitiveness
Launching cost optimization program to secure competitiveness in new market reality Increasing pricing pressures, accelerated appreciation of Swiss Franc and contracting markets call for restructuring measures along the whole value chain Major markets except China are not expected to return to 2
Slide 13: Outlook 2020
Outlook 2020 as of July 24, 2020, based on no further shocks in key markets Business environment Schindler outlook for FY 2020 High level of uncertainty regarding Revenue growth of between economic developments 0% to –6% in local currencies No full market recovery to 2019 levels in Negative
Slide 14: Financial calendar
Financial calendar 2020 2021 Publication of key figures as of September 30 October 23 Annual results media conference February 17 Ordinary General Meeting Schindler Holding Ltd. March 23 Contact: Investor Relations; Phone +41 41 445 30 61, investor.relations@schindler.com The information in the pres
Slide 15: Additional charts
Additional charts 15
Slide 16: Order backlog and revenue by region
Order backlog and revenue by region Order backlog remains robust 1H 2020: CHF 8 936 million (+2.4% in LC) Revenue growth by region (in LC) in % Order backlog 1H 2019: CHF 9 217 million 1H 2019 2020 2019 1H 2020 Asia-Pacific 38% 38% 7 Americas 30% 31% 5 EMEA 32% 31% 3 1 Revenue 1H 2020: CHF 4 959 mil
Slide 17: Quarterly overview 2020/2019
Quarterly overview 2020/2019 In CHF million 2020 2019 Q2 Q1 Q4 Q3 Q2 Q1 Order intake 2 635 2 720 3 114 2 919 3 122 2 968 Revenue 2 512 2 447 3 016 2 824 2 849 2 582 Operating profit (EBIT) 255 166 335 327 322 274 in % 10.2 6.8 11.1 11.6 11.3 10.6 Operating profit (EBIT), adjusted 286 221 364 334 334
Slide 18: Balance sheet
Balance sheet In CHF million 30.6.2020 in % 31.12.2019 in % 30.6.2019 in % Cash and cash equivalents 2 163 20.8 2 370 22.4 2 036 19.8 Other current assets 4 627 44.4 4 587 43.2 4 457 43.4 Total current assets 6 790 65.2 6 957 65.6 6 493 63.2 Non-current assets 3 627 34.8 3 641 34.4 3 782 36.8 Total
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