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Welcome to SchindlerPresentation of Annual Results 2012

Lucerne, February 19, 2013

Barangaroo South, office buildings; Sydney, Australia 105 elevators with PORT technology, including 78 Schindler 7000 and27 Schindler 5500

Schindler presentation

– Opening Alfred N. Schindler

– Business Review / Outlook Jürgen Tinggren

– Discussion

© Schindler | Annual Results Presentation 2012 |

Holding: Market capitalization 1981 – 31.12.2012

Spin-offs M&A / Innovation Δ Processes 2nd Planet

31.12.2012:CHF 15.463 bn

In CHF billion


Schindler presentation

– Opening Alfred N. Schindler

– Business Review / Outlook Jürgen Tinggren

– Discussion


Highlights 2012Growth 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 profit increase to CHF 730 million


Megatrends impacting the E&E businessLong-term outlook encouraging

Global Megatrends


E&E Market Implications

Urbanization • Global E&E Growth > GDP

Wealth creationEmerging markets

Demographic Change

Energy Efficiency

• Emerging market opportunity

• Solutions for energy efficiency

• Increased importance of safety and reliability

Global NI E&E market growth 2011 – 2012China & India capturing >85% of new E&E units

Conclusions

2011 2012

665k units

700k units

AP76%

EU18%

AM 6%

AP77%

EU16%

AM 7%

China contributed >70% to the growthin 2012

AP accounted for 77%of global E&E demandin 2012


Global growth 2012: 35k units

China 72%

ROW 14%India 14%

5k5k

25k

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 China and India – Growing order intake in Southeast Asia and Gulf– Construction of new Schindler campus in China and India started


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 Andino in Colombia – Construction of new elevator factory in Pennsylvania started


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 recorded good growth– New elevator plant with logistics center underway in Slovakia


Order backlog and revenue per market area

Europe 32% 33%Americas 32% 33%Asia / Pacific 36% 34%

Europe 46% 50%Americas 29% 28%Asia / Pacific 25% 22%

2012 2011

20112012

Order backlog

2012: CHF 7 083 million2011: CHF 6 438 million

Revenue

2012: CHF 8 258 million2011: CHF 7 854 million


LEAP: Capture growth and strengthen competitiveness


LEAP Initiatives Progress 2012

Growth in Strategic Markets

New NI products

Procurement savings

Service Business growth

Field and structure cost efficiency

• Strong market share gain in China and India

• Schindler 5500 successfully launched• Schindler 3600 China introduction

• Customer relationship focus

• Corp. Procurement moved to China

• Good development field efficiency• Structure cost leverage improvement

LEAP: Investments in ChinaExpansion of production and R&D

China

Location Jiading district, Shanghai

Land size 315,000 sqm

Masterplan2013/16 - Escalator factory

- Elevator factory- R&D center- China / AP Head Office


LEAP: Investments in IndiaEstablishing manufacturing and R&D capabilities

India

Location Chakan/Pune, Maharashtra

Land size 160,000 sqm

Masterplan2013/15 - Elevator factory

- Escalator factory- R&D center


LEAP: New NI products drive growthCompetitive and innovative global products

• Schindler 3600 for China• Schindler 3100 for India• Schindler 3300 for North America

• Global rollout• PORT integration

• Schindler 7000 residential• PORT integration

• Schindler 9300 ST

Schindler 3300

Schindler 5500

Schindler 7000

Segment

Schindler 9000

Actions 2013

Commodity

Custom-modular

Custom-design

Escalators


Global Product Lines

E&E: Key figures as of December 31, 2012

In CHF million 2012 2011 Δ% Δ% in LCOrders received 8 967 8 249 +8.7 +8.5

Revenue 8 258 7 854 +5.1 +5.0

Operating profit (EBIT) 1 029 831 +23.8 +25.8

in % 12.5 10.6

Restructuring cost – 135

Operating profit (EBIT) before restructuring cost 1 029 966 +6.5 +8.2

in % 12.5 12.3

As at December 31:

Order backlog 7 083 6 438 +10.0 +12.4

Headcount at year-end 45 246 44 387 +1.9


1

1

1 Retrospective adjustment due to early adoption of IAS 19 – Employee Benefits (revised) as of January 1, 2012

Group: Key figures as of December 31, 2012

In CHF million 2012 2011 Δ in % Δ% in LCRevenue 8 258 7 854 +5.1 +5.0

Operating profit (EBIT) 990 793 +24.8 +26.9

in % 12.0 10.1

Financing and investing activities –7 –16

Income taxes 253 211

Profit from continuing operations 730 566 +29.0

Profit disposal group ALSO – 35

Net profit 730 601 +21.5

Net profit before restruct. cost and profit disposal group ALSO 730 664 +9.91 Retrospective adjustment due to early adoption of IAS 19 – Employee Benefits (revised) as of January 1, 2012

1

1


1

1

1

In CHF

Earnings per share 5.93 5.60 +5.9Dividend per share 2.20 2.00 +10.0

Group: Additional selected key figures

In CHF million 2012 2011 Δ in %Cash flow from operating activities 782 690 +13.3


1 Retrospective adjustment due to early adoption of IAS 19 – Employee Benefits (revised) as of January 1, 20122 After LEAP restructuring costs: CHF 4.783 Subject to approval by the AGM

1,2

In CHF million

Cash, cash equivalents and marketable securities 2 626 2 662 –1.3Net liquidity 2 268 2 147 +5.6

3

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 challengingSchindler – LEAP drives competitiveness and growth– Sales ramp-up of new elevator products: Schindler 5500 globally,

Schindler 3600 in China and Schindler 3100 in India – Investments in new plants, expansion of research and market

capabilities in all regions– Improved efficiency and cost competitiveness


Group: Outlook

Guidance 2013

Revenue growth: approximately +6% in local currencies

Group net profit: ~ CHF 740 million to CHF 790 million


Additional charts


World market new installations 2012

78

6

16 17

69

14

0

10

20

30

40

50

60

70

80

90

Americas Europe Asia/Pacific

Units: 700 000(+5.3% vs 2011)

Value: CHF 25.1 bn(+6.5% vs 2011)

2011

Units 2012Value 2012

In %


E&E: Key figures as of December 31, 2012Q4: October – DecemberIn CHF million Q4/2012 Q4/2011 Δ% Δ% in LCOrders received 2 241 2 035 +10.1 +10.6

Revenue 2 190 2 155 +1.6 +2.0


in % 12.6 6.4

Restructuring cost – 135

Operating profit (EBIT) before restructuring cost 277 273 +1.5 +2.9

in % 12.6 12.7

31.12.12 30.09.12

Order backlog 7 083 7 367 –3.9 –2.3

Headcount at end of period 45 246 44 760 +1.11 Retrospective adjustment due to early adoption of IAS 19 – Employee Benefits (revised) as of January 1, 2012

1


E&E: Quarterly overview 2012/2011

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 11.5

In CHF million2011

Q4One time charge LEAP restructuring cost 135

Operating profit (EBIT) before restructuring cost 273

in % 12.71 Retrospective adjustment due to early adoption of IAS 19 – Employee Benefits (revised) as of January 1, 2012

1


Group: Key figures as of December 31, 2012Q4: October – December

In CHF million Q4 2012 Q4 2011 Δ in % Δ% in LCRevenue 2 190 2 155 +1.6 +2.0


in % 12.2 6.0

Financing activities –2 –27

Income from associates 2 –4Net profit 208 80 +160.0

Net profit before restructuring cost 208 178 +16.9

Cash flow from operating activities 260 229 +13.5


1

1

1 Retrospective adjustment due to early adoption of IAS 19 – Employee Benefits (revised) as of January 1, 2012

1

Group: Quarterly overview 2012/2011

2012 2011In CHF million Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1Orders received 2 241 2 189 2 344 2 193 2 035 1 979 2 154 2 081Revenue 2 190 2 097 2 067 1 904 2 155 1 893 1 960 1 846Operating profit (EBIT) – Group 267 259 250 214 130 229 233 201Financing activities –2 –12 –2 –6 –27 14 –12 10

Income from associates 2 2 2 9 –4 –2 3 2Income taxes 59 66 67 61 19 68 63 61Profit from continuing operations 208 183 183 156 80 173 161 152Profit of the disposal group ALSO – – – – – – 4 31Net profit 208 183 183 156 80 173 165 183

in % 9.5 8.7 8.9 8.2 3.7 9.1 8.4 9.91 Retrospective adjustment due to early adoption of IAS 19 – Employee Benefits (revised) as of January 1, 2012

1


Group: Balance sheet

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 non-current liabilities 1 681 21.5 1 573 20.8

Total liabilities 5 009 64.0 4 918 65.0

Total equity 2 813 36.0 2 651 35.0

Total liabilities and equity 7 822 100.0 7 569 100.0

Net working capital -509 -554

Net liquidity 2 268 2 1471 Retrospective adjustment due to early adoption of IAS 19 – Employee Benefits (revised) as of January 1, 2012

1


Share buyback program 1.1.2010 – 31.12.20122nd trading line

Registered shares

Participationcertificates

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

Number of securities proposed for cancellation in 20131 –552 411 –722 891

Outstanding securities as of 31.12.2012 71 440 056 46 894 8001 to be approved by AGM 2013


Thank you.

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