Schindler Holding Ltd. · SIX:SCHN
Schindler — FY2012 Earnings Presentation
29 slides from Schindler's earnings presentation, Feb 19, 2013
Slide 1: Welcome to Schindler: Presentation of Annual Results 2012
Barangaroo South, office buildings; Sydney, Australia 105 elevators with PORT technology, including 78 Schindler 7000 and Welcome to Schindler 27 Schindler 5500 Presentation of Annual Results 2012 Lucerne, February 19, 2013
Slide 2: Schindler presentation
Schindler presentation – Opening Alfred N. Schindler – Business Review / Outlook Jürgen Tinggren – Discussion © Schindler | Annual Results Presentation 2012 | Page 2
Slide 3: Holding: Market capitalization 1981 – 31.12.2012
Holding: Market capitalization 1981 – 31.12.2012 In CHF billion 31.12.2012: CHF 15.463 bn Spin-offs M&A / Innovation Δ Processes 2nd Planet © Schindler | Annual Results Presentation 2012 | Page 3
Slide 4: Schindler presentation
Schindler presentation – Opening Alfred N. Schindler – Business Review / Outlook Jürgen Tinggren – Discussion © Schindler | Annual Results Presentation 2012 | Page 4
Slide 5: Highlights 2012: Growth and improved profitability
Highlights 2012 Growth and improved profitability Growth – Orders received up by 8.7% – Revenue increase of 5.1% – Record order backlog of CHF 7'083 million (+10.0%) Profitability – E&E EBIT increase to CHF 1'029 million – Strong operating cash flow of CHF 782 million (+13.3%) – Significant net prof
Slide 6: Megatrends impacting the E&E business
Megatrends impacting the E&E business Long-term outlook encouraging Global Megatrends E&E Market Implications Urbanization • Global E&E Growth > GDP Wealth creation • Emerging market opportunity Emerging markets Energy Efficiency • Solutions for energy efficiency • Increased importance of safety Dem
Slide 7: Global NI E&E market growth 2011 – 2012
Global NI E&E market growth 2011 – 2012 China & India capturing >85% of new E&E units Global growth 2012: 35k units 700k 665k units units AM 6% AM 7% Conclusions India 14% ROW 14% EU EU 16% China contributed 18% 5k >70% to the growth 5k in 2012 AP accounted for 77% AP of global E&E demand AP 77%
Slide 8: Asia/Pacific and the Middle East: Development 2012
Asia/Pacific and the Middle East: Development 2012 Emerging markets growth creating "second planet" – China followed by India largest global markets – Positive market development in Southeast Asia – Good level of growth in Gulf Area Schindler achieved above market growth – Excellent order intake in
Slide 9: Americas: Development 2012
Americas: Development 2012 Growth in Americas – Good economic environment in Latin America with positive impact on construction activity – North American construction sector recovering from very low level Schindler strengthened its market position – Order intake increased – Successful integration of
Slide 10: Europe: Development 2012
Europe: Development 2012 Difficult market conditions – In southern and eastern Europe, construction activity decreased further – Rest of Europe stagnated at the levels recorded in 2011 Schindler performed well in demanding environment – Slight increase of order intake – Germany and Switzerland recor
Slide 11: Order backlog and revenue per market area
Order backlog and revenue per market area Order backlog 2012 2011 Europe 32% 33% 2012: CHF 7 083 million Americas 32% 33% 2011: CHF 6 438 million Asia / Pacific 36% 34% Revenue 2012 2011 Europe 46% 50% 2012: CHF 8 258 million 2011: CHF 7 854 million Americas 29% 28% Asia / Pacific 25% 22% © Schindle
Slide 12: LEAP: Capture growth and strengthen competitiveness
LEAP: Capture growth and strengthen competitiveness LEAP Initiatives Progress 2012 • Strong market share gain in China and Growth in Strategic Markets India • Schindler 5500 successfully launched New NI products • Schindler 3600 China introduction Service Business growth • Customer relationship focu
Slide 13: LEAP: Investments in China
LEAP: Investments in China Expansion of production and R&D China Location Jiading district, Shanghai Land size 315,000 sqm Masterplan - Escalator factory 2013/16 - Elevator factory - R&D center - China / AP Head Office © Schindler | Annual Results Presentation 2012 | Page 13
Slide 14: LEAP: Investments in India
LEAP: Investments in India Establishing manufacturing and R&D capabilities India Location Chakan/Pune, Maharashtra Land size 160,000 sqm Masterplan 2013/15 - Elevator factory - Escalator factory - R&D center © Schindler | Annual Results Presentation 2012 | Page 14
Slide 15: LEAP: New NI products drive growth
LEAP: New NI products drive growth Competitive and innovative global products Segment Global Product Lines Actions 2013 • Schindler 3600 for China Commodity Schindler 3300 • Schindler 3100 for India • Schindler 3300 for North America • Global rollout Custom-modular Schindler 5500 • PORT integration
Slide 16: E&E: Key figures as of December 31, 2012
E&E: Key figures as of December 31, 2012 In CHF million 2012 2011 Δ% Δ% in LC Orders received 8 967 8 249 +8.7 +8.5 Revenue 8 258 7 854 +5.1 +5.0 Operating profit (EBIT) 1 029 831 1 +23.8 +25.8 in % 12.5 10.6 1 Restructuring cost – 135 Operating profit (EBIT) before restructuring cost 1 029 966 +6.5
Slide 17: Group: Key figures as of December 31, 2012
Group: Key figures as of December 31, 2012 In CHF million 2012 2011 Δ in % Δ% in LC Revenue 8 258 7 854 +5.1 +5.0 1 Operating profit (EBIT) 990 793 +24.8 +26.9 1 in % 12.0 10.1 Financing and investing activities –7 –16 Income taxes 253 211 Profit from continuing operations 730 566 1 +29.0 Profit dis
Slide 18: Group: Additional selected key figures
Group: Additional selected key figures In CHF million 2012 2011 Δ in % Cash flow from operating activities 782 690 +13.3 In CHF million Cash, cash equivalents and marketable securities 2 626 2 662 –1.3 Net liquidity 2 268 2 147 +5.6 In CHF Earnings per share 5.93 5.601,2 +5.9 Dividend per share 2.20
Slide 19: Market outlook 2013
Market outlook 2013 A three speed world – Continued good growth in emerging markets, particularly China, India and Middle East – Recovery in North America and growth in Latin America likely to continue – European environment remains challenging Schindler – LEAP drives competitiveness and growth – Sa
Slide 20: Group: Outlook
Group: Outlook Guidance 2013 Revenue growth: approximately +6% in local currencies Group net profit: ~ CHF 740 million to CHF 790 million © Schindler | Annual Results Presentation 2012 | Page 20
Slide 21: Additional charts
Additional charts © Schindler | Annual Results Presentation 2012 | Page 21
Slide 22: World market new installations 2012
World market new installations 2012 In % 90 78 Units: 700 000 80 (+5.3% vs 2011) 69 70 Value: CHF 25.1 bn 60 (+6.5% vs 2011) 50 40 30 16 17 20 14 6 Units 2012 10 Value 2012 0 2011 Americas Europe Asia/Pacific © Schindler | Annual Results Presentation 2012 | Page 22
Slide 23: E&E: Key figures as of December 31, 2012 Q4
E&E: Key figures as of December 31, 2012 Q4: October – December In CHF million Q4/2012 Q4/2011 Δ% Δ% in LC Orders received 2 241 2 035 +10.1 +10.6 Revenue 2 190 2 155 +1.6 +2.0 1 Operating profit (EBIT) 277 138 +100.7 +103.6 in % 12.6 6.4 Restructuring cost – 135 Operating profit (EBIT) before restr
Slide 24: E&E: Quarterly overview 2012/2011
E&E: Quarterly overview 2012/2011 1 2012 2011 In CHF million Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Orders received 2 241 2 189 2 344 2 193 2 035 1 979 2 154 2 081 Revenue 2 190 2 097 2 067 1 904 2 155 1 893 1 960 1 846 Operating profit (EBIT) 277 268 260 224 138 237 244 212 in % 12.6 12.8 12.6 11.8 6.4 12.5 12.4
Slide 25: Group: Key figures as of December 31, 2012 Q4
Group: Key figures as of December 31, 2012 Q4: October – December In CHF million Q4 2012 Q4 2011 Δ in % Δ% in LC Revenue 2 190 2 155 +1.6 +2.0 1 Operating profit (EBIT) 267 130 +105.4 +108.5 in % 12.2 6.0 Financing activities –2 –27 Income from associates 2 –4 1 Net profit 208 80 +160.0 Net profit b
Slide 26: Group: Quarterly overview 2012/2011
Group: Quarterly overview 2012/2011 1 2012 2011 In CHF million Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Orders received 2 241 2 189 2 344 2 193 2 035 1 979 2 154 2 081 Revenue 2 190 2 097 2 067 1 904 2 155 1 893 1 960 1 846 Operating profit (EBIT) – Group 267 259 250 214 130 229 233 201 Financing activities –2 –12 –
Slide 27: Group: Balance sheet
Group: Balance sheet 1 In CHF million 31.12.2012 in % 31.12.2011 in % Cash and cash equivalents 2 178 27.9 2 403 31.8 Other current assets 2 992 38.2 2 695 35.6 Total non-current assets 2 652 33.9 2 471 32.6 Total assets 7 822 100.0 7 569 100.0 Total current liabilities 3 328 42.5 3 345 44.2 Total n
Slide 28: Share buyback program 1.1.2010 – 31.12.2012
Share buyback program 1.1.2010 – 31.12.2012 2nd trading line Registered Participation shares certificates Number of securities 889 055 2 437 491 Value of securities (in CHF million) 95.6 247.1 Number of securities cancelled in 2012 –336 644 –1 714 600 1 Number of securities proposed for cancellation
Slide 29: Thank you.
Thank you. Copyright © Schindler. All rights reserved Schindler owns and retains all copyrights and other intellectual property rights in this presentation. It may not be reproduced, modified or copied nor used for any commercial purposes (e.g. manufacturing), nor communicated to any third parties w