Schindler Holding Ltd. · SIX:SCHN
Schindler — Schindler Hldg Ag Akt — Q1 2021 Earnings Presentation
19 slides from Schindler's earnings presentation, Apr 30, 2021
Slide 1: Key figures as of March 31, 2021
Key figures as of March 31, 2021 April 30, 2021 © Schindler 2021 I © Schindler 2021 I We Elevate I April 30, 2021 I
Slide 2: Factors driving our cautious market assessment
Factors driving our cautious market assessment Key aspects Foreign currency impact on Schindler in CHF million since 2011 Geopolitical uncertainties Revenue EBIT Slowing global trade – 400 Volatile economic recovery Increasing national debt levels –2 700 Continued Swiss franc appreciation 2 I © Schi
Slide 3: Q1 growth, Top Speed 23 program announced, cautious market assessment
Q1 growth, Top Speed 23 program announced, cautious market assessment ▪ Improved results supported by gradually improving economic environment and favorable prior- year comparison particularly related to the first quarter 2020 lockdown in China ▪ Q1 2021 key figures broadly in line with pre-pandemic
Slide 4: Order intake development
Order intake development Growth supported by favorable prior-year comparison Order intake in CHF million 2 968 2 937 2 720 +7.0 2) +10.6% 1) –1.0 3) +8.0% Q1 2019 Q1 2020 Q1 2021 1) Growth in local currencies 2) Growth in local currencies vs. Q1 2019, in % 3) Growth vs. Q1 2019, in % 4 I © Schindler
Slide 5: Order intake growth by region and product line
Order intake growth by region and product line Growth across all regions; repairs below previous year Growth vs. Q1 2020 China APAC w/o China Americas EMEA Group Units New installations Maintenance Value New installations Modernization / Maintenance 0 to <5% 5% to <10% 10% to <20% >20% negative posi
Slide 6: Revenue development
Revenue development Foreign currency headwinds persist Revenue Revenue bridge in CHF million in CHF million 2 582 2 602 2 447 EMEA ▪ USD ▪ INR +8.8 2) Americas +8.9% 1) ▪ BRL ▪ TRY China +0.8 3) Rest AP ▪ Others +6.3% Q1 2019 Q1 2020 Q1 2021 0 to <5% <20% negative positive 1) Growth in local currenc
Slide 7: Order backlog
Order backlog Further up, facing persisting margin pressure in CHF million 9 128 9 496 8 975 +3.3% 1) +4.0 2) +5.8% Q1 2019 Q1 2020 Q1 2021 1) Growth in local currencies 2) Growth vs. Q1 2019, in % 7 I © Schindler 2021 I We Elevate I April 30, 2021 I Investor Relations
Slide 8: Operating profit development
Operating profit development Operational gains compensate headwinds EBIT adjusted EBIT adjusted bridge in CHF million in CHF million ▪ USD ▪ BRL 301 (+) operating leverage 282 221 (+) Modularity and COP *) (+) Lower OPEX due to COVID/ +17.0 2) operational measures +39.8 1) +6.7 3) (–) pricing/backlo
Slide 9: Net profit and cash flow
Net profit and cash flow Cash flow driven by strongly improved net working capital Net profit Cash flow 2) in CHF million in CHF million 457 323 263 213 +73.8 1) 197 +41.5% 125 +8.1 1) +70.4% Q1 2019 Q1 2020 Q1 2021 Q1 2019 Q1 2020 Q1 2021 1) Growth vs. Q1 2019, in % 2) Cash flow from operating acti
Slide 10: Fast changing environment impacting our company
Fast changing environment impacting our company Our challenges Our response Contracting segments in strategic markets Pricing pressure Changing competitor landscape Top Speed 23 Commodity price inflation program Adverse currency impacts Profitability gaps Speed and scope of digitization 10 I © Schin
Slide 11: Our response: Top Speed 23 program
Our response: Top Speed 23 program Expected Strategic Key initiatives Goals incremental priorities costs New installations growth Portfolio growth Strategic Markets Industry-leading Up to customer Investments in Sustainable modernization experience 270 Mio. CHF Portfolio Growth mass connectivity sol
Slide 12: Outlook
Outlook 12
Slide 13: Outlook 2021
Outlook 2021 Replace picture As of April 30, 2021 Business environment Schindler outlook for 2021 ▪ Continued uncertainty regarding economic ▪ Revenue growth of between 4% to 7% developments in local currencies, excluding any other ▪ No full market recovery to 2019 levels unforeseeable events in sig
Slide 14: Financial calendar
Financial calendar 2021 2022 Publication of key figures as of March 31 April Publication of Interim Report as of June 30 July 23 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 K
Slide 15: Additional charts
Additional charts 15
Slide 16: Key figures as of March 31, 2021 (2021/2020)
Key figures as of March 31, 2021 January to March 2021/2020 In CHF million Q1 2021 Q1 2020 r% r% in LC Order intake 2 937 2 720 8.0 10.6 Revenue 2 602 2 447 6.3 8.9 Operating profit (EBIT) 288 166 73.5 78.3 in % 11.1 6.8 Operating profit (EBIT), adjusted 301 1) 221 2) 36.2 39.8 in % 11.6 9.0 Financi
Slide 17: Key figures as of March 31, 2021 (2021/2019)
Key figures as of March 31, 2021 January to March 2021/2019 In CHF million Q1 2021 Q1 2019 r% r% in LC Order intake 2 937 2 968 –1.0 7.0 Revenue 2 602 2 582 0.8 8.8 Operating profit (EBIT) 288 274 5.1 15.4 in % 11.1 10.6 Operating profit (EBIT), adjusted 301 1) 282 2) 6.7 17.0 in % 11.6 10.9 Financi
Slide 18: Quarterly overview Key figures
Quarterly overview Key figures In CHF million 2021 2020 Q1 Q4 Q3 Q2 Q1 Order intake 2 937 2 951 2 712 2 635 2 720 Revenue 2 602 2 927 2 754 2 512 2 447 Operating profit (EBIT) 288 298 313 255 166 in % 11.1 10.2 11.4 10.2 6.8 Operating profit (EBIT), adjusted 301 341 337 286 221 in % 11.6 11.7 12.2 1
Slide 19: Balance sheet
Balance sheet In CHF million 31.3.2021 in % 31.12.2020 in % 31.3.2020 in % 1 Cash and cash equivalents 2 557 22.7 2 483 22.8 2 247 21.9 Other current assets 5 045 44.7 4 892 45.0 4 453 43.5 Total current assets 7 602 67.4 7 375 67.8 6 700 65.4 Non-current assets 3 677 32.6 3 502 32.2 3 542 34.6 Tota
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