Q3 Revenue / Release

Financial Information

Q3 2021: Group revenues up +9% organic

Full Year 2021 target confirmed despite supply chain pressures

• Record Q3 Group revenues of €7.2 billion with growth in both businesses and across all regions
  o Energy Management up +9.4% organic o Industrial Automation up +6.7% organic
  o Global supply chain pressures, including shortages in electronics, impacted Q3 revenues, particularly in Industrial Automation
• Group organic growth: c.+7% Sept. YTD vs. 2019 (c.+6% at June YTD) o Top 3 countries for the Group (U.S., China and India) each up
  double-digit org. vs. Q3 2019
• Continued progress on strategic priorities in Q3:

1. Product sales up +10% org. despite challenges in the global

supply chain

1. Software & Services up +7% org. Good progress on integration of

recent acquisitions

• 1. 2021-2025Schneider Sustainability Impact program progressing well
• Share Buyback: ~€260 million completed since reinstatement in July 2021; €0.6 billion of current program completed cumulatively to-date
• FY 2021 Target confirmed

Rueil-Malmaison(France), October 27, 2021 - Schneider Electric announced today its third quarter revenues for the period ending September 30, 2021.

Jean-PascalTricoire, Chairman and CEO commented: "We continue to deliver strong revenue growth in Q3, up double-digit against pre-pandemic levels, reflecting the relevance of our solutions and the high and sustained level of demand in our end-markets. Our EcoStruxure portfolio and our integrated operating model addresses the unique challenges facing our customers, as we partner with them to deploy energy and automation digital solutions for efficiency and sustainability. We take further steps on our own sustainability journey, making good progress toward our Schneider Sustainability Impact 2021-25 targets.

We continue to operate in an increasingly constrained supply chain environment, globally, resulting in shortages, and increased input and freight costs, which we continue to manage with our customers and suppliers. Against this backdrop, we confirm our full year targets".

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Investor Relations	Press Contact :	Press Contact :
Schneider Electric	Schneider Electric	DGM
Amit Bhalla	Véronique Luneau (Roquet-Montégon)	Michel Calzaroni
Tel: [phone]	Tel : [phone]	Olivier Labesse
www.se.com		Tel : [phone]
ISIN : FR0000121972

Financial Information

1. THIRD QUARTER REVENUES WERE UP +9% ORGANIC

2021 Q3 revenues were €7,221 million, up +8.8% organic and up +11.8% on a reported basis, accelerating sequentially in Q3 when compared to 2019 with September YTD up c.+7% organic vs. 2019 (June YTD up c.+6% vs. 2019).

Products (60% of Q3 revenues) grew +10% organic in Q3, with a similar level of growth in Energy Management and Industrial Automation. In Energy Management the growth was led by the Group's offer for Residential and small buildings, as well as offers for Industry, Infrastructure and Distributed IT markets. In Industrial Automation, growth was led by a continuation of strong sales to OEMs. Sales growth was supported by price actions taken throughout the year. The Group remained agile as it continued to deal with supply chain pressures which increased through the quarter.

Systems (22% of Q3 revenues) grew +7% organic in Q3. The Group's offers for Infrastructure and Data Center markets performed strongly, while for Industry there was good growth from sales into Discrete automation markets, while sales into Process & Hybrid markets remained challenged despite positive demand trends broadening across more geographies.

Software & Services (18% of Q3 revenues) grew +7% organic in Q3. Software and Digital Services grew double-digit organic in the quarter, with good traction across the Group's offers for Buildings, Data Centers, Industry and Smart Grids. RIB Software contributed strongly to the organic growth, while ETAP also performed well (included in scope effects for Q3). AVEVA grew high-single digit organic. Field Services grew low-single digit with performance in some countries, including the U.S., Australia and in South-East Asia, impacted by restricted site access due to COVID-19. The performance of the Group's Sustainability services continued to reflect the increasing importance of the topic with customers, showing strong double-digit growth.

Digital update: The Group continues to prioritize and track digital adoption with good progress in the growth of Assets under Management (AuM), reaching 5.5 million, up +47% year-on-year by the end of September 2021.

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Investor Relations	Press Contact :	Press Contact :
Schneider Electric	Schneider Electric	DGM
Amit Bhalla	Véronique Luneau (Roquet-Montégon)	Michel Calzaroni
Tel: [phone]	Tel : [phone]	Olivier Labesse
www.se.com		Tel : [phone]
ISIN : FR0000121972

Financial Information

The breakdown of revenue by business and geography was as follows:

	€ million		Q3 2021
	Revenues	Organic Growth	Reported Growth
	North America	1,746	+11.3%	+10.4%
	Western Europe	1,278	+3.5%	+3.3%
Energy
Asia Pacific	1,729	+9.0%	+17.2%
Management
Rest of the World	816	+16.3%	+14.8%
	Total Energy Management	5,569	+9.4%	+11.3%
	North America	392	+6.7%	+41.9%
	Western Europe	444	+10.3%	+9.8%
Industrial
Asia Pacific	555	+0.7%	+4.2%
Automation
Rest of the World	261	+14.7%	+9.2%
	Total Industrial Automation	1,652	+6.7%	+13.7%
	North America	2,138	+10.6%	+15.1%
	Western Europe	1,722	+5.2%	+4.9%
Group	Asia Pacific	2,284	+6.8%	+13.7%
	Rest of the World	1,077	+15.9%	+13.4%
	Total Group	7,221	+8.8%	+11.8%

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Investor Relations	Press Contact :	Press Contact :
Schneider Electric	Schneider Electric	DGM
Amit Bhalla	Véronique Luneau (Roquet-Montégon)	Michel Calzaroni
Tel: [phone]	Tel : [phone]	Olivier Labesse
www.se.com		Tel : [phone]
ISIN : FR0000121972

Financial Information

	€ million		9m YTD 2021
	Revenues	Organic Growth	Reported Growth
	North America	4,932	+15.3%	+9.7%
	Western Europe	3,982	+13.5%	+15.9%
Energy
Asia Pacific	4,880	+17.1%	+25.9%
Management
Rest of the World	2,262	+19.2%	+15.9%

	Total Energy Management	16,056	+15.9%	+16.7%
	North America	1,084	+11.0%	+28.6%
	Western Europe	1,410	+12.1%	+13.3%
Industrial
Asia Pacific	1,700	+12.6%	+14.7%
Automation
Rest of the World	745	+13.9%	+5.9%
	Total Industrial Automation	4,939	+12.4%	+15.6%
	North America	6,016	+14.6%	+12.7%
	Western Europe	5,392	+13.2%	+15.2%
Group	Asia Pacific	6,580	+15.8%	+22.8%
	Rest of the World	3,007	+17.8%	+13.3%
	Total Group	20,995	+15.1%	+16.4%

GROUP PERFORMANCE BY END MARKET

The Group sells its full portfolio into four main end-markets: Buildings, Data Center, Infrastructure and Industry, leveraging the complementary technologies of its Energy Management and Industrial Automation businesses.

• Buildings - Residential markets continue to drive growth in most major economies linked to home electrical distribution. Demand for the Group's offers in technical non-residential buildings such as Hospitals, Healthcare, Life Science and Warehouse/Distribution remains strong while demand from Hotels and Commercial Offices grew at a lower pace.
• Data Center - Data Center & Networks saw double-digit sales growth on the back of continued strong demand, though the quarter was impacted by some supply challenges. In the Data Center market, our technologies combining secure power as well as electrical distribution and software offers (which are sold to Co-location providers, Hyperscale, Telco's, Edge installations and multinational industrial/commercial customers) led the growth in the quarter. Customers continue to build capacity and facilities at both a local and regional level to reduce latency and improve data security and sovereignty. The Group's offers for Distributed IT continued to perform strongly.
• Infrastructure - In Q3 the Group continued to execute on existing large projects with offers from both businesses. The Group continues to grow sales to Grid operators as countries prioritize grid stability, resilience and digitization as a key part of decarbonization pledges. In the quarter, the Group saw strong growth from its Smart Grid offers including ADMS, specific EcoStruxure Advisors, and good traction with

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Investor Relations	Press Contact :	Press Contact :
Schneider Electric	Schneider Electric	DGM
Amit Bhalla	Véronique Luneau (Roquet-Montégon)	Michel Calzaroni
Tel: [phone]	Tel : [phone]	Olivier Labesse
www.se.com		Tel : [phone]
ISIN : FR0000121972

Financial Information

Microgrid operators. There were good project wins from the Transportation and Water and Wastewater

• (WWW) segments, incorporating offers from both businesses.

• Industry - Discrete automation markets continued to contribute strong revenue growth, where OEM demand has been boosted by pumping, material handling and packaging segments, with offers from both businesses. In Process & Hybrid automation markets, there was a continuation of demand recovery in the Oil & Gas (O&G) segment, helped by the rise in oil prices, though with limited positive impact on sales growth as yet. The group saw strong traction for offers from both businesses in Consumer-Packaged Goods (CPG) and Metals, Mining & Minerals (MMM).

Group trends by geography:

North America (30% of Q3 revenues) was up +10.6% organic. The U.S. was up double-digit organic vs. Q3 2019.

In Energy Management, which grew +11.3% organic, U.S., Canada and Mexico each delivered double-digit growth. Even factoring in some capacity constraints on the supply chain, U.S. sales were driven by continuing strong Residential markets supported by electrical code changes, and technical building demand, with good Data Center growth and continuing Utilities growth. Canadian sales growth was driven by residential demand. Mexican sales growth was driven by Residential and Infrastructure markets.

In Industrial Automation, which grew +6.7% organic, the U.S. delivered solid growth overall, driven by double- digit growth in discrete automation markets particularly OEM, while sales into Process & Hybrid automation markets remained subdued despite a recovery in O&G demand. Canada grew double-digit, mainly in discrete automation markets while Mexico saw double-digit growth in both discrete and Process & Hybrid automation markets.

Across the region, Field service grew in both Energy Management and Industrial Automation but was impacted by a slow opening of sites after COVID-19 related lockdowns earlier in the year.

Western Europe (24% of Q3 revenues) grew +5.2% organic and delivered solid growth against Q3'19 despite supply chain constraints. Demand was driven by strength in Residential, Data Center and Industrial OEM, and exceeded sales growth in the region.

Energy Management grew +3.5% organic. Germany and Spain each saw strong growth driven by a continuation of residential demand trends. Italy grew mid-single digit, mainly from sales into Residential and Data Center end-markets, while the U.K. and France each saw solid growth, up low-single digit, supported by good performance in Non-Residential technical buildings, though impacted by some supply chain pressures.

In Industrial Automation, which grew +10.3% organic, France, Italy and Spain grew double-digit while the U.K. grew high single-digit, all benefitting from demand in discrete automation markets, with France also seeing some contribution from Process & Hybrid markets. Germany saw mid-single digit growth with discrete automation markets relatively stronger than Process & Hybrid, despite supply chain pressures including from component shortages.

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Investor Relations	Press Contact :	Press Contact :
Schneider Electric	Schneider Electric	DGM
Amit Bhalla	Véronique Luneau (Roquet-Montégon)	Michel Calzaroni
Tel: [phone]	Tel : [phone]	Olivier Labesse
www.se.com		Tel : [phone]
ISIN : FR0000121972