Schindler : Q2-2022 Presentation

Results as of June 30, 2022

July 22, 2022

© Schindler 2022

Agenda

1.	Overview	Silvio Napoli
2.	Financial results as of June 30, 2022	Urs Scheidegger
3.	Outlook for 2022	Urs Scheidegger
4.	Sustainability	Silvio Napoli
5.	Q&A	Silvio Napoli/Urs Scheidegger

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Intensifying challenges

Wage inflation, China lockdown 2nd wave, and semiconductor shortage accelerate the impact

1. Dealing with foreign exchange burden
   EUR/CHF -4.9%year-to-date,-6.2%year-on-year
2. Regaining competitive New Installations (NI) margins
   FY 2022 material cost inflation: CHF 200m confirmed
   FY 2022 wage inflation: CHF 120m materializing
3. Resolving supply chain disruptions
   Ukraine war and Russia sanctions impacting logistics and material flows
   Semiconductor shortage worsening
4. Streamlining product portfolio complexity
   Platform legacy issues combined with supply chain disruptions delay backlog execution
   On-time delivery severely affected
5. Adjusting for China NI market contraction
   Unexpected 2nd wave of lockdowns
   Extended credit crunch in property market combined with COVID uncertainty worsen E&E market outlook

In red: update since April 22, 2022

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Further streamlined leadership setup to navigate challenges

Group Executive Committee reduced from 14 to 10 members

Group Executive Committee (as of August 1, 2022)

Latest changes:

	▪	Supply Chain removed from ExCo
Chairman and CEO	▪	New CFO as of September 1st

CFO		COO		Human
		Resources

Europe		Europe		Asia-Pacific		China		CTO		CIO
South		North

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Update challenge #2: regaining competitive NI margins

Price increases gaining traction, impact to materialize with backlog execution

Realized price increases New Installations (YTD)

China	APAC	Americas	EMEA
	w/o China

--

	Low single-digit
	Mid single-digit
	High single-digit/double-digit
--	None

Key actions

• Inflation clause enforcement: open tenders + backlog
• Price increases (April/July) for New Installations and Modernization
• Non-standardoptions priced at premium
• Strict discount controls implemented
• Pricing-qualitybased incentive scheme for sales force

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