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    Financial Results

2018 Quarterly Results

2018 Quarterly Results – October 25, 2018

  • Group organic growth for Q3 of +7.2%
  • Both businesses contributing; Energy Management up +7.4% org., Industrial Automation up +6.6% org.
  • All regions growing- high performance in N. America and Asia-Pacific
  • Short-cycle industries continue good growth; mid- to long-cycle industries accelerating
  • Current c.€1bn buyback could be completed 6 months ahead of plan
  • Full year target revised upward

Jean-Pascal Tricoire, Chairman and CEO, commented:

“In Q3, the Group reports strong growth with revenues up +8%, c. +7% organic. Both our core businesses of Energy Management and Industrial Automation deliver, with customers combining technologies of our portfolio in efficiency solutions architected around EcoStruxure. The growth in Q3 is partly attributed to the acceleration of business conducted with end-users in mid- to long-cycle industries, resulting in higher systems growth.
For the end of the year, the Group expects to benefit from its balanced exposure to end-markets and geographies, in the current macro-economic environment. We keep focusing our efforts on driving our strategy of selling more products, more services, more software; and further improving profitability on systems. We keep developing our strong value proposition to customers, bringing together our synergetic portfolio into EcoStruxure. We also continue to focus and invest on furthering our digital journey for long-term growth.”

The replay of the conference call will be available from October 25th from 1:00 pm CET until November 9th, 2018 at:
+33 (0)1 70 48 00 94 or +44 (0) 207 660 0134
Pin code: 1713378# in English

Title Release Presentation Accounts Transcript
Q1 Revenue April 19, 2018 NA
Half-Year Results July 26, 2018
Q3 Revenue October 25, 2018 NA
Full Year Results February, 2019 NA NA NA NA

2017 Financial Results

2017 Annual Results - February 15, 2018

  • Q4 Revenues up +4.6% organic with Energy Management and Industrial Automation, growing by +4.3% and +5.6% respectively
  • FY Revenues €24.7bn, up +3.2% organic with growth across regions
  • Record €3.65bn FY adj. EBITA, +9% org; 14.8% margin up 90bps org.
  • All time high Net Income of €2.15bn, up +23%. Record FCF at €2.25bn
  • Proposed dividend at €2.20/share, up +8%

Jean-Pascal Tricoire, Chairman and CEO, commented:

“In 2017, we drive our revenues up +3.2% organic for the full year, and accelerate in Q4 at +4.6%. The continued execution of our strategy delivers a strong +90bps organic adjusted EBITA margin improvement, confirming the continuous and structural improvement of our operating margin over the past 10 quarters. 2017 is the year of a combined highest ever adjusted EBITA, Net Income and Free Cash Flow. We also improve our ROCE to 12%, by more than 1.3pts.

Our sales accelerate, boosted by the delivery of complete solutions of efficiency and productivity, leveraging the strength of our focused portfolio in Energy Management and Industrial Automation and the adoption of EcoStruxure as the platform of integration and collaboration. We also benefit from the launch of a high number of new products and digital services on the market. We keep working on our portfolio and reinforce our presence in Energy Management with Asco Power, strengthen in software by launching the acquisition of IGE+XAO and combining our industrial software business with AVEVA. At the same time, we finalize the disposal of DTN.

In 2018, we shall keep focusing on our strategy to grow products, services and software, accelerate the adoption of EcoStruxure and continue to capitalize on our unique integrated portfolio. With selectivity being completed, all our businesses are set to grow, and we shall keep working on maximizing the cross-selling for faster growth and leaner execution.”

Title Release Presentation Accounts Transcript
Annual Results February 15, 2018
Q1 Revenues April 20, 2017 NA
Half-Year Results July 27, 2017
Q3 Revenues October 26, 2017 NA

2016 Financial Results

2016 Annual Results – February 16, 2017

  • FY Revenues €24.7bn with organic growth of -0.9% and slightly positive underlying organic growth
  • Q4 underlying growth c.+1.6%, improving sequentially
  • FY Adj. EBITA margin improved 40bps to 14.1%, c.+90bps before FX
  • Net profit of €1.8bn, increased +24% and EPS by +26%
  • Record cash generation with FCF of €2.2bn; Cash conversion 118%
  • Proposed dividend at €2.04/share, up +2%

Jean-Pascal Tricoire, Chairman and CEO, commented: “In 2016, we achieve all our key financial targets, delivering slightly positive underlying growth and +90 bps improvement before FX in adjusted EBITA margin. We also accelerate the execution of our strategy, which we shared during our recent investor day. As we go into 2017, we focus on growing our partner network through the launch of many new innovative offers, developing services and software, working on margin improvement through continued selectivity on projects and keeping strong attention on cost control. Additionally, we are very excited by the potential of EcoStruxure architecture in the domains of building, power, datacenters, machines, plant and grids and by the greater value we offer our customers through this innovative offer.”

Download the conference replay

Title Release Presentation Accounts Transcript
Annual Results February 16, 2017
Q1 Revenues April 21, 2016 NA
Half-Year Results July 28, 2016
Q3 Revenues October 27, 2016 NA

2015 Financial Results

Annual Results 2015 – February 17, 2016

  • FY Revenues €26.6bn, up +6.8%, org. -1%, ~flat underlying¹
  • FY Adj. EBITA +5%. Organically, FY margin ~stable, c.+50bps in H2
  • Strong growth in adj. earnings per share (Adj. EPS)², up 6%
  • Another record free cash flow (FCF), reaching €2bn, up 20%
  • Proposed dividend³ +4%, at €2/share & €1.5bn buyback in 2015-2016
  • Successful Invensys integration; Good start of Schneider is On

Jean-Pascal Tricoire, Chairman and CEO, commented: “In a challenging environment, we deliver record high revenues and profit, a stable margin in organic terms, and a strong growth in cash flow. All this demonstrates the robustness of our business model based on the largest worldwide network of partners further enhanced by our balanced exposure to both end-markets and geographies. Moreover this illustrates our capability to quickly adapt to a volatile and challenging environment. Additionally the successful Invensys integration shows our capability to drive value creation from acquisitions.

Our priorities for 2016 are margin improvement by working on our costs, growing our partner’s network through the launch of many new integrated offers, accelerating services and software, and increasing selectivity on projects focusing on our sectors of expertise.

In this context, we target organic revenue growth to be flat to down low single-digit, impacted by higher selectivity on project activities and a margin improvement of +20bps to +60bps before negative FX impact.”

1 Adjusted for negative impact from change of fiscal year closing in Invensys and the ramping down of the China nuclear project, the estimated full year impact is about €40m and €66m respectively

Title Release Presentation Accounts Transcript
Annual Results February 17, 2016
Q1 Revenues April 21, 2015 NA
Half-Year Results July 29, 2015
Q3 Revenues October 29, 2015 NA

2014 - Financial Results

Annual Results 2014 – February 19, 2015

  • Solid execution delivered full year targets
  • Q4 revenues up 13%, +2.5% organically
  • Full year revenues up +6.6%, +1.4% organically
  • Gross margin up and Net income +3%, c. +11% at constant FX
  • Invensys integration well on track

Jean-Pascal Tricoire, Chairman and CEO, commented: "We achieve our targets while facing a turbulent environment in 2014. Our revenues grow 7%, 1.4 % organically and margin expands by 0.4pt at constant FX, on current scope. While early cycle businesses drive revenues up, IT returns to growth and Infrastructure shows signs of improvement at the end of the year. Our balanced geographic footprint also proves to be a key strength as new economies and mature countries supplement each other's growth over the year.

Invensys integration is well on track. Invensys revenues are up 2% organically. Adjusted EBITA margin expands by 5.5 pts reaching 14.8% and cash generation is strong. All this contributes to double digit EPS accretion for the Group. Invensys confirms its complementarities and synergies with our Industry business thanks to the integration of automation and power, the development of hybrid solutions, and the construction of a strong industrial software portfolio.

2014 marks the end of our “Connect” company program which is another step in building a cohesive, resilient and efficient Schneider Electric. We achieve strong service growth and deliver high supply chain efficiency. Additionally, we strengthen our technology portfolio and enhance capabilities in software, targeted segments and key geographies.

For 2015, we see continued growth in North America, signs of stabilization in Western Europe and a mixed picture in new economies. In this context, the Group targets low single digit organic growth revenues and an adjusted EBITA margin in the range of 14% to 14.5%, assuming no negative currency impact on margin.”

Title Release Presentation Accounts Transcript
Annual Results February 19, 2015
Q1 Revenues April 24, 2014 NA
Half-Year Results July 30, 2014
Q3 Revenues October 29, 2014 NA

2013 - Financial Results

Annual Results 2013 – February 20, 2014

  • Solid results with growth in all key financial metrics
  • Revenue of €23.6 bn, up 0.4% like-for like
  • Adjusted EBITA margin up 0.3 pt on organic basis
  • Net profit up +4% to €1.9 bn
  • Record Free Cash Flow of €2.2 bn, up 5%

Jean-Pascal Tricoire, Chairman and CEO, said: “We delivered solid results in a challenging environment in 2013. We grew 3% outside Western Europe, expanded our margin by 0.3 point at constant currencies and scope and achieved record free cash flow. This reflects the strength of our business model and our capability to adapt to a volatile environment.

We also filled a major technology gap in our portfolio with the acquisition of Invensys, which further enhances our capability to integrate power, automation and software to deliver complete efficiency solutions to our customers. In parallel, the full control of Electroshield – TM Samara reinforces our presence in key end-markets and steps up our footprint in Russia.

We shall now focus on integration of these businesses, capitalize on our technology innovation in products and solutions and optimize efficiency across the company. We see significant opportunities for growth and improving the return of our investment. 

Looking into 2014, we see a rather positive economy in North America and China, initial signs of stabilization in Western Europe, while uncertainty remains in several new economies. On this basis, we expect low single-digit organic growth in revenue and 0.4 to 0.8 point improvement in the adjusted EBITA margin, excluding currency impacts, from the 2013 proforma level of ~14.0% including Invensys.”

Title Release Presentation Accounts
Annual Results February 20, 2014
Q1 Sales April 23, 2013 NA
Half-Year Results July 31, 2013
Q3 Sales October 25, 2013 NA

2012 - Financial Results

Annual Results 2012 – February 21, 2013

  • Record high earnings and cash generation in mixed markets
  • Adjusted EBITA up 10% at €3.5 billion, or 14.7% of sales
  • EPS grew 11%, at €3.73 on adjusted basis(1)
  • Record free cash flow of €2.1 billion and dividend of €1.87
  • Connect delivered solid results in line with 2014 ambition

Jean-Pascal Tricoire, President and CEO, said: “In 2012, we delivered 7% growth in sales, double-digit
increase in earnings per share and record free cash flow in mixed markets. This illustrates once again the strength of our business model, the solid execution of the Connect company program, and the disciplined integration of our acquisitions. This strong performance allows us to propose a 10% increase in dividend to €1.87 per share this year. 

Our effort to improve the solutions performance is paying off and we continue to grow our strong new economies platform. Together with what we have achieved in product and software innovation, tailored supply chain and organization efficiency, we have laid a solid base for our long term growth and profit.

For 2013, in an economic environment that remains mixed, we target a low-single digit organic growth in sales and a stable to slightly up adjusted EBITA margin.”

Title Release Presentation Accounts
Annual Results February 21, 2013
Q1 Sales April 20, 2012 NA
Half-Year Results August 1, 2012
Q3 Sales October 25, 2012 NA

2011 - Financial Results

Title Release Presentation Accounts
Annual Results February 22, 2012
Q1 Sales April 20, 2011 NA
Half-Year Results July 29, 2011
Q3 Sales October 20, 2011 NA

2010 - Financial Results

Title Release Presentation Accounts
Annual Results February 17, 2011
Q1 Sales April 21, 2010 NA
Half-Year Results July 30, 2010
Q3 Sales October 20, 2010 NA

2009 - Financial Results

Title Release Presentation Accounts
Annual Results February 18, 2010
Q1 Sales April 23, 2009 NA NA
Half-Year Results July 31, 2009
Q3 Sales October 22, 2009 NA NA

2008 - Financial Results

Title Release Presentation Accounts
Annual Results February 19, 2009
Q1 Sales April 21, 2008 NA NA
Half-Year Results August 1, 2008
Q3 Sales October 22, 2008 NA NA

2007 - Financial Results

Title Release Presentation Accounts
Annual Results January 22, 2008
Q1 Sales April 19, 2007 NA NA
Half-Year Results August 1, 2007
Q3 Sales October 23, 2007 NA NA
Quiet period prior to results: January 1st to February 15th, April 1st to 19th, July 1st to 26th and October 1st to 25th.

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