Investor Presentaiton

FY2015 impacted by headwinds in O&G Key figures SULZER Commentary In CHF millions 2015 20141 Order intake 2'895.8 3'160.8 -8.4% YOY YOY adj.² -3.7% Q4 orders down 22% YOY² Order intake gross margin Order intake gross margin 33.8% 33.5% 0.3pp 0.4pp slightly up on mix effects Order backlog (Dec 31) 1'510.7 1'699.6 -11.1% -4.6% Sales opEBITA 254.1 2'971.0 3'212.1 -7.5% 302.9 -16.1% -3.2% opROSA % 8.6% 9.4% EBIT 120.9 271.0 -55.4% -53.2% ROS % 4.1% 8.4% Core net income 175.0 205.4 -14.8% Core EPS (in CHF) 5.11 5.95 -14.1% Free cash flow 155.8 98.0 FTES (Dec 31) 14'253 15'494 59.0% -8.0% More than half of order backlog decrease driven by FX -11.8% Sales decreased due to headwinds in O&G market, negatively impacting opROSA EBIT decreased mainly due to market headwinds and SFP related costs of CHF 79.5m Free cash flow improved due to lower volumes and collection focus 1. 2. 2014 figures exclude impairment of CHF340m in EBIT Adjusted for currency effects 21 Order intake in Q1 in all markets improved except for O&G (in CHF millions) 828 755 719 Key figures 859 801 784 685 685 627 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 1. Adjusted for currency effects 22 22 Bond Investor Presentation SULZER Commentary ■ Q1 order intake fell by 13.1% YOY¹, but improved 10.2%1 sequentially ■Drivers of Q1 order intake: ■ Power, Water and General Industry moderately increased YOY1 ■ O&G declined substantially YOY, but was flat sequentially, with PE down, RES flat and CT up ■ China grew double digit YOY and sequentially (from a low base) ■FX impact in Q1 CHF -11.2m ■ Acquisition effect in Q1 CHF 9.4m Bond Investor Presentation

View entire presentation