#1Schindler 2022 Results as of June 30, 2022 EC-B LIEBHERR July 22, 2022 Schindler#2Agenda 1. Overview 2. Financial results as of June 30, 2022 3. Outlook for 2022 4. Sustainability 5. Q&A Silvio Napoli Urs Scheidegger Urs Scheidegger Silvio Napoli Silvio Napoli/Urs Scheidegger 2 | © Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations Schindler#3Intensifying 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 3 I Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations Schindler#4Further streamlined leadership setup to navigate challenges Group Executive Committee reduced from 14 to 10 members Group Executive Committee (as of August 1, 2022) Chairman and CEO CFO COO Human Resources Europe South Europe North Asia-Pacific China CTO CIO 4 | Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations ▷ Latest changes: ☐ Supply Chain removed from ExCo New CFO as of September 1st Key changes before April 22, 2022 Combined Chairman and CEO ■ New COO role FQE removed from ExCo Operations removed from ExCo Region Americas removed from ExCo Schindler#5Update challenge #2: regaining competitive NI margins Price increases gaining traction, impact to materialize with backlog execution Realized price increases New Installations (YTD) China APAC w/o China Americas EMEA OOO 5 | Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations о OO Low single-digit Mid single-digit OOO High single-digit/double-digit None Key actions Inflation clause enforcement: open tenders + backlog Price increases (April/July) for New Installations and Modernization Non-standard options priced at premium Strict discount controls implemented Pricing-quality based incentive scheme for sales force Schindler#6Update challenge #2: regaining competitive NI margins Metals price correction to flow through 6+ months inventory before reaching P&L Semiconductor price surge reflects shortage, affecting current margins and delivery times Steel and aluminum prices 250 200 150 100 50 01/2021 06/2021 Semiconductor prices Key actions 200 Build-up strategic inventory 150 100 50 50 12/2021 06/2022 Northern Europe HRC steel North America HRC steel Aluminum HRC: Hot Rolled Coil and aluminum Source: Bloomberg, indexed, base January 1, 2021, Schindler 6 I Schindler 2022 | We Elevate | July 22, 2022 Investor Relations H2 2020 Lead times: 3x H1 2021 H2 2021 H1 2022 Reduce dependency on single- source suppliers Hedging strategies for bulk materials ready to trigger Engage with strategic suppliers Accelerate strategic procurement upgrade (Top Speed 23 program) Model 1 Model 2 Schindler#7Update challenge #3 and #4: Supply chain/product complexity Product legacy + semiconductor shortage + China lockdowns ➡on-time delivery overall at ~50% globally On-time delivery (%) 100 50 o 01/2021 06/2021 Region 1 Region 2 7 | Schindler 2022 | We Elevate | July 22, 2022 12/2021 06/2022 | Investor Relations Key actions Complexity management drastic reduction of options offered Sales configurator simplified Semiconductor stocks pooling Reduce global supply chain dependency on China Adjusted delivery times for new orders Close communication with customers on standing commitments to align expectations Schindler#8Update challenge #5: China NI market to further contract Accelerated market contraction aggravated by lockdowns Lockdown periods Q1 3 2 5 1 1 2 Z Q2 Jan Feb Q1 XJ Schindler Henan March April May June 22 Q2 Schindler China Jan Feb March April May June Shanghai Q1 Q2 Volkslift Schindler Key actions Support to China staff in lockdowns Readiness plan for potential future lockdowns Ramp-up of fulfillment capacity to catch-up delayed construction sites and revenue Restructuring program for market contraction Jan Feb March April May June Zhejiang CHINA Production stopped Partial production Re-opening ramp up 8 | Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations. Schindler#9Update challenge #5: China NI market to further contract Emergency measures to support our employees during lockdowns 9 | Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations OLD 金沙鼠 Like it. THANK Schindler#10Update challenge #5: China NI market to further contract Top 100 developers: sales, land reserves, and purchases significantly down Land reserve (km²) Land purchase (bn RMB) Sales value (bn RMB) 5'000 1'500'000 1000 4'000 3'000 1'000'000 55% 62% 500 56% 2'000 66% 45% 500'000 47% 70% 1'000 o Top 10 0 Top 50 Top 100 Top 10 Top 50 Top 100 April 2022 vs. April 2021 Source: CREIS 10 | Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations. 50% 49% Top 10 Top 50 Top 100 Schindler#11Update challenge #5: China NI market to further contract Market contraction above 15% materializing Floor space sold further declined across all city tiers 1) 120% 100% 80% 60% H 40% 20% 0% -20% -40% -60% Mad Housing inventory back at alert levels months consumption Upper alert lever 30 25 20 15 10 5 Lower alert level o 2014 2015 2016 2017 2018 2019 2020 2021 2022 2014 2015 2016 2017 2018 2019 2020 2021 2022 Tier 1 Tier 2 Tier 3/4 1) Six months average by city tier (June 2022) 2) Housing inventory by city tier (months of sales/June 2022) 11 Schindler 2022 | We Elevate I July 22, 2022 | Investor Relations Tier 1 Tier 2 Tier 3/4 Schindler#12Market development Global market burdened by significant NI slowdown in China Market growth China APAC w/o China Americas EMEA Global New Installations OOO О OO О OO Lock- downs/ liquidity Recovery Driven by residential/ Infrastruct- Solid across all segments constraints ure Contraction as a result of China situation Existing Installations O<5% OO5% to <10% 000<10% Schindler estimates 12 Schindler 2022 | We Elevate I July 22, 2022 | Investor Relations. Maintenance continues to grow, uptake in Modernization ୦୦ negative O O positive Schindler#13Results in a nutshell Order intake and revenue affected by China market contraction and lockdowns Profit development burdened by cost inflation, semiconductor shortage, supply chain issues and restructuring costs, exacerbated by China lockdowns Sharpened focus on increasing prices to offset inflation, streamlining product offering and driving efficiency Order backlog reaching the 10 billion milestone 13 Schindler 2022 | We Elevate | July 22, 2022 I Schindler 2022 Schindler#14Order intake development Focus on sales margins and global market contraction reflected in slowing growth momentum Second quarter Half-year in CHF million -0.61) 3 106 3 063 -1.42) Q2 2021 1) Growth in local currencies, in % 2) Growth in % 14 Schindler 2022 | We Elevate I July 22, 2022 | Investor Relations. in CHF million +4.01) +3.02) 194 50 6 227 6 043 -60 Q2 2022 H1 2021 Organic growth Acquisitions FX impact H1 2022 Schindler#15Order intake growth by region and product line (1st half year) Pick-up in Modernization and Maintenance offset drop in New Installations Growth H1 2022 vs. China APAC w/o China Americas EMEA Global H1 2021 By business (units) New Installations (NI) ୦୦୦ Maintenance ୦୦୦ ୦୦୦ OOO О О O By business (value in LC) New Installations (NI) Modernization ୦୦୦୦ ୦୦ ୦୦୦୦ ၁၀ Maintenance ୦୦୦ OOOO OO ○0 to <5% OO 5% to <10% 15 I Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations OOO 10% to <20% OOOO >20% negative O❘O positive Schindler#16Revenue development Growth in all regions vs. significant drop in China Second quarter in CHF million 2 873 -4.61) -5.62) 2 713 Q2 2021 1) Growth in local currencies, in % 2) Growth in % 16 Schindler 2022 | We Elevate I July 22, 2022 | Investor Relations. Half-year -1.51) −2.42) 5 475 48 - 132 EMEA Americas China Rest AP - 46 (-) EUR (-) TRY (+) USD (+) RMB (+) BRL (+/-) Others in CHF million 5 345 Q2 2022 H1 2021 Organic growth Acquisitions FX impact H1 2022 O<5% OO5% to <10% Ooo 10% to <20% 0000 >20% negative O positive Schindler#17EBIT adjusted and EBIT development Persisting pressure from cost inflation, product legacy, semiconductor shortage, supply chain issues and restructuring costs, exacerbated by China lockdowns Second quarter Half-year 337 319 -103 -20 -4 ERBIT adj. EBIT 2021 Margin 11.7% Q2 2021 Opera- Sperational 11.1% A Adjust- ö Adjustments FX 1) Growth in % 17 Schindler 2022 | We Elevate I July 22, 2022 | Investor Relations. in CHF million -39.81) -31.81) 638 607 230 192 EBIT BIT 2022 >RIT adj Q2 2022 8.5% in CHF million -33.61) -27.01) 466 403 -164 -32 -8 EBIT adj. EBIT adj. H1 2021 Margin 11.7% EBIT H1 2021 Opera- A FX Operational 11.1% ö Adjustmedjust- EBIT EBIT 2H1 2022 >ERIT adj EBIT adj. H1 2022 8.7% Schindler#18Net profit development Impacted by lower operating result Second quarter in CHF million 242 -37.21) 152 Q2 2021 1) Growth in % 18 I Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations. Half-year 455 Q2 2022 H1 2021 -34.91) 296 in CHF million H1 2022 Schindler#19Cash flow development Reduced as a result of lower operating profit and increased net working capital requirements Second quarter Half-year 264 -95.11) Q2 2021 1) Growth in % 19 Schindler 2022 | We Elevate I July 22, 2022 | Investor Relations. 13 in CHF million Q2 2022 721 H1 2021 Change NWC -228 -58.51) 299 in CHF million H1 2022 -60 Schindler#20Outlook 2022 20 Schindler 2022 | We Elevate | July 22, 2022 Schindler 2022 Schindler#21Outlook 2022 As of July 22, 2022 Business environment ■ China market contracting, RoW mixed with slowing momentum ■ Construction site delays continue to hinder project execution Inflation pressure and supply chain issues to continue Persistent foreign exchange pressure Key actions ■ Price increases across all regions and product lines ■ Accelerated measures to streamline product offering ■ Clean-up backlog ■ Supply chain turnaround ■ Efficiency drive ☐ Material ☐ Labour Structure and overhead Schindler outlook for 2022 Assuming no further lockdowns and no other unexpected events, Schindler foresees revenue growth for the full year 2022 of -2% to 2% in local currencies ■ Net profit expected to reach between CHF 620 million and CHF 660 million | Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations uvex Schindler#22Corporate Responsibility Report 2021 Schindler 11 So#23Science Based Targets - validated 2040 net-zero roadmap Validated by SBTI (Science Based Targets initiative) Scope 1+2 (absolute CO₂e in kt) 300 Scope 1+2 (Company facilities and cars, purchased electricity) -50% -90% 150 2030 2040 (net-zero) Scope 3 (Indirect emissions from upstream and downstream activities) -90% 42% 2030 2040 (net-zero) 23 I Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations. Near-term target: -50% 2020* (3) 2030 m 祖 New Installations, Existing Installations, Growth Green electricity Buildings heating Electric cars, fuel efficiency Energy efficiency Zero emission in buildings fleet fleet and offices Scope 3 (absolute CO₂e in kt) 15,000 500 2020* Purchased goods and services, products use (electricity) * Base year Long-term target: -90% (net-zero) Product and service innovation 2040 Near-term target: -42% ☑ Long-term target: 90% (net-zero) 2030 Growth Innovation Materials/ by suppliers circular design Product Market evolution penetration (A class products) Customer cooperation, innovation with suppliers, product innovation 2040 Schindler#24Results as of June 30, 2022 Q&A indler July 22, 2022 Schindler 2022 Schindor Schindler#25Additional charts 25 | Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations. Schindler#26Key figures as of June 30, 2022 April to June In CHF million Order intake Revenue Operating profit (EBIT) in % Operating profit (EBIT), adjusted in % Financing and investing activities Profit before taxes Income taxes Net profit Q2 2022 Q2 2021 A % Ʌ% in LC 3.063 3 106 -1.4 -0.6 2 713 2 873 -5.6 -4.6 192 319 -39.8 -38.2 7.1 11.1 2301) 337 2) -31.8 -30.3 8.5 11.7 4 -11 196 308 -36.4 44 66 152 242 -37.2 Earnings per share and participation certificate in CHF 1.30 2.12 -38.7 Cash flow from operating activities 13 264 -95.1 1) Adjusted for Top Speed 23 costs (CHF 15 million), restructuring costs (CHF 17 million), and expenses for BuildingMinds (CHF 6 million) 2) Adjusted for Top Speed 23 costs (CHF 4 million), restructuring costs (CHF 7 million), and expenses for BuildingMinds (CHF 7 million) 26 | Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations Schindler#27Key figures as of June 30, 2022 January to June In CHF million Order intake Revenue Operating profit (EBIT) in % Operating profit (EBIT), adjusted in % Financing and investing activities Profit before taxes Income taxes Net profit 1H 2022 1H 2021 Δ % Ʌ% in LC 6 227 6 043 3.0 4.0 5 345 5 475 -2.4 -1.5 403 607 -33.6 -32.3 7.5 11.1 466 1) 638 2) -27.0 -25.7 8.7 11.7 -19 -24 384 583 -34.1 88 128 296 455 -34.9 Earnings per share and participation certificate in CHF 2.54 4.00 -36.5 Cash flow from operating activities 299 721 -58.5 1) Adjusted for Top Speed 23 costs (CHF 31 million), restructuring costs (CHF 20 million), and expenses for BuildingMinds (CHF 12 million) 2) 27 Schindler 2022 | We Elevate I July 22, 2022 | Investor Relations Adjusted for Top Speed 23 costs (CHF 4 million), restructuring costs (CHF 15 million), and expenses for BuildingMinds (CHF 12 million) Schindler#28Quarterly overview Key figures In CHF million Q2 2022 Q1 2021 Q4 Q3 Q2 Order intake 3 063 3 164 3 128 2 995 3 106 Q1 2 937 Revenue 2 713 2 632 2 954 2 807 2 873 2 602 Operating profit (EBIT) 192 211 253 306 319 288 in % 7.1 8.0 8.6 10.9 11.1 11.1 Operating profit (EBIT), adjusted 230 236 306 308 337 301 in % 8.5 9.0 10.4 11.0 11.7 11.6 Financing and investing activities 4 -23 -11 -7 -11 -13 Profit before taxes 196 188 242 299 308 275 Income taxes 44 44 50 65 66 62 152 144 192 234 242 213 Net profit Cash flow from operating activities 13 286 356 237 264 457 28 | Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations. Schindler#29Balance sheet In CHF million 30.06.2022 in % 31.12.2021 in % 30.06.2021 in % Cash and cash equivalents 2 408 20.2 2 841 23.7 2425 20.8 Other current assets 5 689 47.6 5 436 45.4 5 470 47.0 Total current assets 8 097 67.8 8 277 69.1 7 895 67.8 Non-current assets 3 844 32.2 3 697 30.9 3 741 32.2 Total assets 11 941 100.0 11 974 100.0 11 636 100.0 Current liabilities 6 541 54.8 5 955 49.7 5 892 50.6 Non-current liabilities 1 210 10.1 1 589 13.3 1 451 12.5 Total liabilities 7 751 64.9 7 544 63.0 7 343 63.1 Equity 4 190 35.1 4 430 37.0 4 293 36.9 Total liabilities and equity 11 941 100.0 11 974 100.0 11 636 100.0 Networking capital Net liquidity - 891 -1055 -1 077 2 619 3 027 2 728 29 | Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations Schindler#30Order intake growth by region and product line (2nd quarter) Strong growth in Existing Installations couldn't fully offset sharp New Installations decline Growth Q2 2022 vs. China APAC w/o China Americas EMEA Global Q2 2021 By business (units) New installations (NI) OOO ୦୦୦ oooo ୦୦୦୦ Maintenance ୦୦୦ О О By business (value in LC) New installations (NI) OOO ୦୦୦୦ Modernization ୦୦୦୦ ୦୦୦୦ O OO OOO ୦୦୦୦ OOO Maintenance ୦୦ O0 to <5% OO5% to <10% OOO10% to <20% OOOO>20% negative O❘Opositive 30 I Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations Schindler#31Financial calendar 2022/2023 Publication of key figures as of September 30 Full year results media conference Ordinary General Meeting Schindler Holding Ltd. Publication of key figures as of March 31 Publication of Interim Report as of June 30 Contact: Marco Knuchel, Head Investor Relations; Phone +41 41 445 30 61, [email protected] Non-GAAP measures: Financial information contained in the reporting includes certain non-GAAP measures, that are not as defined by International Financial Reporting Standards (IFRS). They are used by management for the purpose of defining targets and measuring the Group's performance. These non-GAAP measures may not be comparable to similar measures at other companies and should not be viewed as substitute for IFRS measures. They are available at: group.schindler.com - Investors - Results (group.schindler.com/en/investor-relations/results/definition-on-non-gaap-items.html). The information in the presentation was factually accurate on the date of publication. It remains on our website for historical information purposes only. 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Therefore, Schindler is not liable for any errors, consequence of acts or omissions based on the entirety or part of the information available in this presentation. 31 I Schindler 2022 | We Elevate | July 22, 2022 | Investor Relations 2022 2023 October 20 October February March 28 April July Schindler