Slide 1: Full Year 2024 Results – February 20, 2025
Full Year 2024 Results – February 20, 2025 Record full year results with accelerated execution in Q4 1
Slide 2: Disclaimer
Disclaimer 3 FY 2024 All forward-looking statements are Schneider Electric Business Highlights management’s present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ 25 FY 2024 materially from those described in the forwa
Slide 3: FY 2024 Business Highlights
FY 2024 Business Highlights Olivier Blum | CEO Investor Relations – Schneider Electric Page 3 General
Slide 4: Making Schneider the #1 most sustainable company
Making as the #1 most 2021 2022 2023 2024 2025 sustainable company 1st 4th 7th 7th 1st Investor Relations – Schneider Electric Page 4 Public
Slide 5: Accelerated execution drives strong growth in Q4
Accelerated execution drives strong growth in Q4 GROUP Q4’24 revenues Q4 org. growth €11bn +12.5% BY BUSINESS Energy Management Industrial Automation Q4’24 revenues Q4 org. growth Q4’24 revenues Q4 org. growth €9bn +15.2% €2bn +1.2% Investor Relations – Schneider Electric Page 5 General
Slide 6: Record annual revenues driven by strong organic growth
Record annual revenues driven by strong organic growth, with both businesses stronger in H2 GROUP +7% CAGR Revenues (c.+8% org.) 38.2 35.9 € 38.2bn exceeding +6% to +8% org. target 34.2 28.9 27.2 8.4% 25.2 + org. 2019 2020 2021 2022 2023 2024 Group revenues (€bn) BY BUSINESS Energy Management Indust
Slide 7: A consistent execution story – with further opportunities ahead
A consistent execution story – with further opportunities ahead GROUP Adjusted EBITA Adjusted Net Income Dividend (Group share) 1 € 7.1bn exceeding +9% to +13% org. target 4.7bn € € 3.90 15 years of progressive dividend + 14% org. + 15% + 11% +11% CAGR +10% CAGR (c.+14% org.) (c.+15% org.) +9% CAGR
Slide 8: Balanced end-market exposure positions us well to capture growth
Balanced end-market exposure positions us well to capture growth Data Centers & Networks Buildings Industry Infrastructure End-market exposure1: 24% 30% 33% 13% Complementary EM and IA offers #1 in electrical distribution #1 in electrical distribution Market Positioning #1 #1 #1 in electrical distri
Slide 9: Data Centers end-market continues to have added levers
Data Centers end-market continues to have added levers to support existing growth 2017 Existing levers set to continue to drive growth Internet of Things Cloud Computing Double-Digit Digital Transformation Machine-learning Sales CAGR in data centers, 2017-2024 Gaming and Streaming 5G Technology 2024
Slide 10: Pursuing a differentiated strategy for the benefit of all stakeholders
Pursuing a differentiated strategy for the benefit of all stakeholders Technology Customer Impact People leader centric company company Investor Relations – Schneider Electric Page 10 Public
Slide 11: From EcoStruxure to Connect: a complete digital architecture
From EcoStruxure to Connect Technology leader 1 A complete digital architecture for the benefit of customers IoT & Data l Software for complete Digital Twin Design Build Operate & Maintain Cloud and On-Premises AI & Cybersecurity Software, Apps, Analytics and Services Hybrid Edge Control Connected P
Slide 12: An integrated architecture for enhanced value for our customers
An integrated architecture for enhanced value Technology leader 1 for our customers across end-markets IoT & Data l Software for complete Digital Twin Software & Advisory Design Build Operate & Maintain Digital Services Cloud and On-Premises Software, Apps, Analytics and Services Field AI & Cybersec
Slide 13: Delivering on our promise for increased efficiency with Software and Services
Delivering on our promise for increased efficiency Technology leader 1 with Software and Services +15% ARR Double-Digit growth as of Dec. 31, 2024 organic growth in Services at AVEVA (comprising Digital and Field Services offers) in 2024 Key recent customer wins: Investor Relations – Schneider Elect
Slide 14: The Digital Flywheel enhances recurring revenue
The Digital Flywheel enhances recurring revenue and Technology leader 1 provides a compelling value proposition to customers 1 All business models contributing to Digital Flywheel expansion 2 Recurring revenue in Agnostic Software to increase to c.80% by 2027 3 Recurring revenue in Services to keep
Slide 15: R&D bringing strong innovation to market with our 2025 Hero Offers
R&D bringing strong innovation to market with our Technology leader 1 2025 Hero Offers Selected launches across both businesses EcoCare EcoCare EcoStruxure Galaxy VXL + Easy9 Pro TeSys Deca RM AirSeT SM AirSeT + Building Activate EcoCare for 3 Phase Advanced EcoCare for Electrical UPS * Distribution
Slide 16: Accelerated multi-hub approach enables agility to react to macro developments
Accelerated multi-hub approach enables agility to react Customer centric 2 to macro and geopolitical developments Moving towards ~90% Europe North America sourcing and Regionalization well Increased investment in U.S. capacity and special tax and trade underway, mainly moving capacity to other regio
Slide 17: Responsible investments to support growth
We continue to make responsible investments to Customer centric 2 support growth c.€2bn Incremental capacity capex plan announced at CMD >2.5% of Group revenues Total FY25 tangible capex expected to be >2.5% for 2024-2027 against a 2023 baseline of c.€0.9bn of Group revenues due to timing of deploym
Slide 18: An Impact company driving Efficiency and Decarbonization
An Impact company driving Efficiency and Decarbonization Customer centric 2 Data Center Buildings Infrastructure Industry U.K. U.S. Italy China End to end supply of power and Optimizing space and ensuring efficient Improves grid resiliency in Milan; Design of new facilities with cooling to a critica
Slide 19: Capgemini Campuses India
Customer centric 2 Achieve global ESG goals Report on energy consumption and CO2 emissions Generate energy efficiency Full operational control for Buildings Our solution Capgemini Campuses EcoStruxure Energy Command Centre for integrated monitoring and control India Full implementation of Schneider
Slide 20: Our Sustainability program exceeds target in 2024
Impact company 3 Our Sustainability program exceeds target in 2024 2021-2025 2024 Q1 Q2 Q3 Q4 Target Score 7.55 7.40 CLIMATE SSI #2 - Help our customers save and avoid 800 million tonnes of CO 2 emissions 1 Schneider Electric’s solutions and services helped customers save and avoid more than 679M 12
Slide 21: External recognition of our Impact company
External recognition of our Impact company 3 Wuxi factory recognized as Sustainability Lighthouse 4 out of 25 Global WEF Sustainability Lighthouses are Schneider Electric’s Wuxi, China Sustainability Lighthouse Investor Relations – Schneider Electric Page 21 General
Slide 22: Strong leadership and multi-hub strategy in action
Strong leadership and multi-hub strategy in action People company 4 Olivier Blum Chief Executive Officer 7 41% Multi-Hub nationalities women strategy in action ExCom split by locations Business Frédéric Godemel Barbara Frei Caspar Herzberg Energy Management Industrial Automation One Software Chief E
Slide 23: Committed to our people development driving engagement
Committed to our people development driving engagement People company 4 Training & development 100% employees have access to online training platform in 2025 97% of employees trained on Cybersecurity and Ethics A culture led & skills 77% of employees received Digital upskilling ~70% leaders particip
Slide 24: Our mission is to be the trusted partner in Sustainability and Efficiency
Our mission is to be the trusted partner in Sustainability and Efficiency Driving strong and consistent shareholder value Investor Relations – Schneider Electric Page 24
Slide 25: FY 2024 Financial Performance Highlights
FY 2024 Financial Performance Highlights Hilary Maxson | CFO Investor Relations – Schneider Electric Page 25 General
Slide 26: Financial highlights – Strong performance in FY 2024
Financial highlights – Strong performance in FY 2024 A strong start towards the ‘Next Frontier’ Revenues Gross Margin Adj. EBITA Margin €38.2bn, +8% org. 42.6%, +80bps org. 18.6%, +90bps org. Record revenues in FY24 driven by strong growth Strong gross margin driven by industrial productivity Improv
Slide 27: Strong growth in FY 2024 up +8% organic
Strong growth in FY 2024 up +8% organic Analysis of Change in Group Revenues (in €m) +11.5% -3.7% -0.7% -1.2% 38,153 Mainly representing divestment of 35,902 the Industrial Sensors business and Gutor, partly offset by acquisitions of EcoAct and Planon Includes the weakening of CNY & several new Grou
Slide 28: Record high level of backlog at year-end
Record high level of backlog at year-end +8.4% Org. sales growth in 2024 +12.7% €21.4bn Org. sales growth GROWING BACKLOG IN 2024 in 2023 €19.2bn +€2.2bn vs. 2023 closing backlog • Highest ever year-end backlog • Backlog in Products at normalized levels while elevated in Systems and Services Backlog
Slide 29: Digital flywheel progresses to 57% of FY Group revenues
Digital flywheel progresses to 57% of FY Group revenues Moving towards 60% to 65% of Recurring revenue in Agnostic Software1 +5% Group revenues by 2027 to increase to c.80% by 2027 org. growth SOFTWARE & DIGITAL SERVICES 57% 77% of FY 2024 of FY 2024 revenues revenues 8% of FY24 Group revenues % of
Slide 30: Q4 2024 up +12% organic
Q4 2024 up +12% organic Analysis of Change in Group Revenues (in €m) +18.5% -0.1% +0.2% 10,669 +21.9% +4.6% +5.8% 9,480 Includes strengthening of the GBP vs. EUR and Group +12.5% org. a positive impact from hyperinflation accounting, offset by the weakening of several new economies’ currencies vs. E
Slide 31: Strong growth in Q4 led by Systems, Software & Services
Strong growth in Q4 led by Systems, Software & Services PRODUCTS SYSTEMS SOFTWARE & SERVICES 50% of FY 2024 revenues 31% of FY 2024 revenues 19% of FY 2024 revenues +4% +27% +11% Q4 organic growth Q4 organic growth Q4 organic growth • Energy Management up mid-single digit with • Energy Management de
Slide 32: Energy Management +15% Q4 org. growth
Energy Management +15% Q4 org. growth W. Europe N. America Asia Pac. Rest of the World Split of Q4 2024 revenue by geography: 23% 39% 25% 13% North America +25% Western Europe +7% U.S. up strong double-digit, led by Systems and continued improvement on Led by double-digit growth in Spain and Italy,
Slide 33: Industrial Automation +1% Q4 org. growth
Industrial Automation +1% Q4 org. growth W. Europe N. America Asia Pac. Rest of the World Split of Q4 2024 revenue by geography: 28% 23% 29% 20% North America 0% Western Europe +1% Strong Software growth across the region at AVEVA, offset by Strong growth at AVEVA, notably in France and Italy weakne
Slide 34: Adj. EBITA: Margin at 18.6%, +90bps organic
Adj. EBITA: Margin at 18.6%, +90bps organic Energy Management Industrial Automation Reported Organic In €m FY 2023 FY 2024 change change Revenues 35,902 38,153 +6.3% +8.4% 22.1% 14.8% c.+110bps c.-150bps Gross Profit 15,012 16,268 +8.4% +10.5% org. org. Gross Margin (%) 41.8% 42.6% +80bps +80bps • S
Slide 35: GM improvement of +80bps organic
GM improvement of +80bps organic Gross Margin: Analysis of Change (%) +0.4 -0.4 +0.8 0.0 -0.1 42.6 +0.1 41.8 Driven by Systems gross margin improvement partially offset by relative Scope impact around flat, ‘Others’ growth of Systems vs. Products consists of miscellaneous smaller items • Net Price +
Slide 36: SFC: Delivering further structural savings and investing for future
SFC: Delivering further structural savings and investing for future Analysis of Change of SFC (in €m) 394 -243 97 9,185 378 8,600 -41 Investments in strategic priorities including R&D, commercial footprint to support future growth and digital transformation including AI projects Scope: -€37m; Others
Slide 37: Adjusted Net Income of €4.7bn up +15%
Adjusted Net Income of €4.7bn up +15% Reported Organic In €m FY 2023 FY 2024 change change Mainly consisting of M&A and integration costs and a provision in respect of the French Competition Authority Adjusted EBITA 6,412 7,083 +10% +14.2% investigation, partly offset by a gain recognized on the Oth
Slide 38: Free cash flow at €4.2bn – with strong progress in H2
Free cash flow at €4.2bn – with strong progress in H2 Record operating cash flow of €6.3bn, up +14% due to strong profitability of the year Analysis of net debt change in €m FY 2023 FY 2024 Net debt at opening Dec. 31 (11,225) (9,367) DIN up +7 days vs. Dec. 2023 with Inventory build to Operating ca
Slide 39: Balance sheet remains strong with further progress on ROCE
Balance sheet remains strong with further progress on ROCE 1 Net Debt / Adj. EBITDA ROCE 14.8% 1.62x 15% 13.5% 12.2% 1.27x 10% 1.00x 5% 0% Dec-22 Dec-23 Dec-24 2022 2023 2024 Main impacts in 2024: Main impacts in 2024: • Strong free cash flow generation of €4.2bn +130bps improvement in 2024 driven b
Slide 40: Proposing progressive dividend of €3.90
Proposing progressive dividend of €3.901 Progressive Dividend1 for 15th year in a row €3.90 1 x3.8 Dividend per share +11% vs. 2023 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 3-year TSR vs. CAC40 and peers: 150 Schneider Electric +48% Peers average +41%2 CAC40 +3
Slide 41: Expected Trends & Financial Target
Expected Trends & Financial Target Olivier Blum | CEO Investor Relations – Schneider Electric Page 41 General
Slide 42: Expected trends in 2025
Expected trends in 2025 • Strong and dynamic market demand to drive growth, with contribution from all four end-markets • Continued strong demand for Systems offers, led by the Energy Management business • A demand recovery in Discrete automation, with sales growth weighted towards H2 • Further prog
Slide 43: 2025 Target
2025 Target The Group sets its 2025 financial target as follows: 2025 Adjusted EBITA growth of between +10% and +15% organic The target would be achieved through a combination of organic revenue growth and margin improvement, currently expected to be: • Revenue growth of +7% to +10% organic • Adjust
Slide 44: Q&A
Q&A Investor Relations – Schneider Electric Page 44 General
Slide 45: Appendix
Appendix Investor Relations – Schneider Electric Page 45 General
Slide 46: 2025 additional notes
2025 additional notes Foreign Exchange impact: Based on current rates1, the FX impact on FY 2025 revenues is estimated to be between +€600 million to +€700 million. The FX impact at current rates on adjusted EBITA margin for FY 2025 could be around +10bps Scope impact: Around +€100 million on 2025 r
Slide 47: Adj. EBITA +14% org. due to strong gross margin performance and SFC leverage
Adj. EBITA +14% org. due to strong gross margin performance and SFC leverage Analysis of Change of Adjusted EBITA (in €m) 162 -139 331 -663 1,181 67 -151 -117 7,083 6,412 FY 2023 Volume Net price1 Productivity Mix R&D & SFC Forex Scope & FY 2024 Production others Labor infl. 1. Price on products and
Slide 48: Adjusted Net Income calculation
Adjusted Net Income calculation In €m FY 2023 FY 2024 Adjusted EBITA 6,412 7,083 Amortization of purchase accounting intangibles (396) (406) Net financial income/(loss) (530) (409) Income tax with impact from adjusted items (1,305) (1,451) Profit/(loss) of associates and non-controlling interests (1
Slide 49: Recap of medium-term targets as announced at CMD
Recap of medium-term targets as announced at CMD The Next Frontier Well positioned on structurally The Next Frontier +7% to +10% CAGR growing markets and will of organic growth organic growth, 2023-20271 outperform market growth Financial targets Agile operating model and c.+50bps CAGR Ambition to g
Slide 50: Q4 2024 Results
2024 Q1 Q2 Q3 Q4 Target Q4 2024 Results Score 7.55 7.40 6 long-term commitments Baseline1 Q4 2024 2025 Ambition CLIMATE 1. Grow Schneider Impact revenues2 70% 0% 74% 80% 2. Help our customers save and avoid millions of tonnes of CO2 emissions3 263M 0 679M 800M 3. Reduce CO2 emissions from top 1,000
Slide 51: Investor Relations ready to engage
Investor Relations ready to engage Investor Relations contacts Amit Bhalla – amit.bhalla@se.com 20 February 2024 Full Year Results 29 April Q1 2025 Revenues Graham Phillips – graham.phillips@se.com 7 May Shareholders’ Meeting (Paris) 5 June BNP Paribas Exane CEO conference (Paris) Andrew Gamwell – a
Slide 52: se.com
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