Schneider Electric's H1 2025 Financial Performance Highlights

    Schneider Electric's H1 2025 Financial Performance Highlights

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    Internal
Strong revenue growth in H1; accelerated momentum entering H2
FY25 Target reaffirmed
Half Year 2025 Results - July 31, 2025
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    HY 2025 
Business Highlights
HY 2025
Financial Performance Highlights
Expected Trends & Financial Target
All forward-looking statements are Schneider Electric
management’s present expectations of future events
and are subject to a number of factors and
uncertainties that could cause actual results to differ
materially from those described in the forwardlooking statements. For a detailed description of
these factors and uncertainties, please refer to the
section “Risk Factors” in our Universal Registration
Document (which is available on www.se.com).
Schneider Electric undertakes no obligation to
publicly update or revise any of these forwardlooking statements.
This presentation includes information pertaining to
our markets and our competitive positions therein.
Such information is based on market data and our
actual revenues in those markets for the relevant
periods. We obtained this market information from
various third-party sources (industry publications,
surveys and forecasts) and our own internal
estimates. We have not independently verified these
third-party sources and cannot guarantee their
accuracy or completeness and our internal surveys
and estimates have not been verified by independent
experts or other independent sources.
Q&A
Disclaimer
3
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33
36
38 Appendix
Investor Relations – Schneider Electric Page 2
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    HY 2025
Business
Highlights
Olivier Blum | CEO
Investor Relations – Schneider Electric Page 3
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    #1 for the 2nd
consecutive year 
as the world’s most
sustainable 
company in 2025
Investor Relations – Schneider Electric Page 4
Our purpose:
Schneider’s purpose is to create Impact by 
empowering all to make the most of our energy 
and resources, bridging progress and 
sustainability for all. 
At Schneider, we call this Life Is On.
Our mission:
Our mission is to be the trusted partner in
Sustainability and Efficiency.
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    General
Focused execution drives strong revenue growth in Q2
Energy Management Industrial Automation
BY BUSINESS
Investor Relations – Schneider Electric Page 5
€10bn +8.3%
Q2’25 revenues Q2 org. growth
€8bn +10.5%
Q2’25 revenues Q2 org. growth
€2bn -1.1%
Q2’25 revenues Q2 org. growth
GROUP
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    General
Delivered performance aligned with expectations in H1 
with higher contribution expected in H2
Investor Relations – Schneider Electric Page 6
€3.5bn
+7% org.
Adjusted EBITA
€2.2bn
+6% org.
Adjusted Net Income
(Group share)
€19.3bn
+8% org.
Revenues
18.2%
-10bps org.
Adjusted EBITA margin
-23%
Free Cashflow
42.4% €0.5bn
-90bps org.
Gross margin
GROUP
1. Adjusted for the one-time impact of a fine paid in relation to a legal case in France
1
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    Internal
Investor Relations – Schneider Electric Page 7
End-markets remain strong for medium and long-term on structural 
drivers of growth
Key trends in focus:
>10% +4% to +5% +5% to +6% +5% to +7%
Data Centers & Networks Buildings Industry Infrastructure
2023-27 CAGR* 2023-27 CAGR* 2023-27 CAGR* 2023-27 CAGR*
* Estimated market growth as of 2023 CMD
Current market dynamic Current market dynamic Current market dynamic Current market dynamic
x2
End-use investment in 
electrification over last decade
• Artificial Intelligence
• Power distribution
• Liquid Cooling
Key trends in focus:
• Decarbonization
• Digitalization
• Prosumer
Key trends in focus:
• Reshoring & megaprojects
• Process electrification
• Software-defined automation
Key trends in focus:
• Big government funding
• Digitalization / Real-time data
• Modernization & Resilience
$2.5bn
Liquid cooling market 
estimate for 2025
75%
of the EU building stock is 
energy inefficient
40%
The industry sector made up 
nearly 40% of total growth in 
electricity demand in 2024
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    Specific focus areas in coming quarters
Investor Relations – Schneider Electric Page 8
Energy Management Industrial Automation
Offerings for New Energy Landscape
SF6-free and Motivair at scale Software-defined automation at scale
Transition completion at AVEVA
Buildings | Data Centers | Industry | Infrastructure
Pricing & Productivity Multi-hub for customer proximity 
and team empowerment
Execute record-high backlog
Innovation and technology 
Margin recovery
Capture growth from Discrete in H2
Digital and Field Services expansion
Fast decision 
& Agility in 
resource allocation
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    Digital Flywheel driving strong growth, 
+4pts in % of Group revenues vs. H1 2024
FIELD
SERVICES
EDGE
CONTROL
SOFTWARE & DIGITAL 
SERVICES
CONNECTABLE PRODUCTS
8%
Key achievements of H1 2025:
• Innovation and AI deployment driving strong growth in 
Connectable Products
• Edge Control seeing good growth; traction for BMS across 
segments and IA trends improving
• Digital Services performing strongly, enabled by AI; 
agnostic Software2 continues transition to subscription
• Recurring revenue in agnostic Software2 at 78% (vs. 76% 
in H1’24), on track to reach 80% by 2027
• Good growth in Field Services led by Energy Management
60%
of H1 2025
Group revenues
(vs. 56% in H1’24)
11%
32%
9%
Investor Relations – Schneider Electric Page 9
1. % of H1 2025 Group revenues
2. Agnostic Software comprises AVEVA, ETAP and RIB Software
1
1
1
1
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    General
Investor Relations – Schneider Electric Page 10
Reinforcing our multi-hub strategy with 100% ownership of India JV
One of the 4 hubs of the Group
“2 brands 2 sales” strategy 3
rd largest country for the Group -
€2.5bn revenues in FY 20241
Key market for domestic & export
Our ambition for Schneider Electric in India
Cutting edge
Smart Manufacturing
Organic 
Sales growth engine
Leadership across 
end-markets
Innovation in product 
franchise
Driving 
force in AI applications
Double-digit CAGR From mega cities to rural Country / Region and beyond R&D excellence External & Internal
Expanding capacity by 2.5x to 3x to serve India and beyond
Opportune timing to take full control and capitalize on future value creation given India’s economic tailwinds
€5.5bn
To acquire the remaining 35% 
stake of Schneider Electric India 
Private Limited from Temasek 
India has been delivering strong revenue and margin 
growth since the initial acquisition of L&T E&A:
1. In 2024, sales in India were €2.5 billion across subsidiaries, while Schneider Electric India Private Limited had statutory revenues of €1.8 billion (including export sales)
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    General
Driving the future of data center designs
from grid to chip and chip to chiller
Motivair Dynamic® 
Cold Plate
ChilledDoor® Rack 
Cooling System
Coolant Distribution 
Units (CDUs)
From room to row, rack to chip, Motivair provides a full spectrum of 
cooling solutions for all Data Center & IT applications:
Address global 
cooling market
U.S. manufacturing footprint 
expansion
Investor Relations – Schneider Electric Page 11
• Our solution covers grid-to-chip and chip-to-chiller infrastructure, monitoring and management software, and services 
• For operational optimization to support the global deployment of AI workloads
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    General
Accelerating the development and deployment of 
AI factories at scale with NVIDIA
Investor Relations – Schneider Electric Page 12
Partnering with NVIDIA as a Solution 
Advisor Consultant Partner
R&D initiatives underscore companies’ 
commitment to co-developing new 
cooling, power, building management 
and control systems for digital and 
physical AI data centers
NVIDIA’s DGX-Ready partners co-delivering training, 
playbooks, and enablement for AI-ready data centers
Joint presence at key events to drive visibility and 
pipeline. Schneider Electric featured by NVIDIA CEO 
Jensen Huang at GTC San Jose and GTC Paris
ETAP / Omniverse Integration
GTM Alignment 
GB200 Designs released Dec ‘24
GB300 Designs released July ’25
Exploring 800V HVDC architecture, reducing 
conversion losses and simplifying infrastructure
First Controls System Architecture Design 
set for release July 2025
Power system digital twin integration enables
real-time simulation and optimization for AI factories
First interactive electrical digital twin demo targeted 
for Dec 2025 launch
Engineering Design-work
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    General
Leading in Buildings efficiency, leveraging BMS and AI
in our own buildings and at customers' sites
Investor Relations – Schneider Electric Page 13
<100kWh/m2/yr
~30% of average world buildings energy consumption
The NEST, Dubai:
powered by EcoStruxure platform and AIdriven systems
Compelling Schneider Electric use cases
to replicate at customers' site As the backbone for buildings electrification and 
digitalization for efficiency and sustainability
for Buildings
Technopole, France:
An exemplary building 
for Schneider Electric in France
Apollo Proton 
Cancer Centre, India:
Uninterrupted power to critical unit with 
30% improvement in energy efficiency.
Sidara
150 Holborn, London:
Occupancy-based room conditioning 
delivering an average of 22% savings in 
operational energy use and carbon
Leveraging Planon’s leadership in smart 
sustainable building management software
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    General
Customer-centric integrated service offers 
with AI-powered best-in-class delivery
Investor Relations – Schneider Electric Page 14
Leveraging growing installed-base Increased recurring revenues Double Digit organic growth 
CAGR, 2023-2027*
Capex to Opex to Recurring Experience
* Indicative growth expectation in Services given at 2023 CMD
Setting the path to be best-in-class for Service delivery, 
with AI-powered workforce
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    General
Infrastructure
India
Data Center
Saudi Arabia
Industry
Australia
Infrastructure
India
THE CHALLENGE
Upgrade and transform Tata’s power 
distribution network
THE CHALLENGE
Deliver 144 MW hyperscale data center 
across 6 sites in two regions (Riyadh and 
Dammam)
THE CHALLENGE
Design and build a hydrogen 
manufacturing plant providing expertise 
in engineering for hydrogen operations
with full data integration
THE CHALLENGE
Modernize RVUN’s power plant by 
providing open software defined 
automation and full end-to-end range of 
cybersecurity solutions
SOLUTIONS
• Digital connectivity between hardware 
and EcoStruxure ADMS
• Unified interface with DMS and OMS 
modules contributing to operator’s 
profitability
SOLUTIONS
• Full tri-level EcoStruxure including 
prefab power modules, MV & LV 
switchgear, Building Operation Expert, 
AVEVA and Microgrid Solutions 
integrated via UoC
SOLUTIONS
• AVEVA Unified Engineering, PI 
System, Monitor and Control
• ETAP Digital Twin platform
• Schneider New Energies’ Consulting
SOLUTIONS
• EcoStruxure Automation Expert
• End To End Cybersecurity solution
IMPACT
• Reduced the number and length of 
outages
• Minimized the estimated time it takes 
to bring operations back on stream
IMPACT
• Prioritized sustainability and energy 
efficiency
• The largest Services SLA contract 
across MEA
IMPACT
• Modular design enables scaled 
production lowering CapEx and 
avoiding traditional EPC models
IMPACT
• Increased Availability and Reliability up 
to 99.99% 
Investor Relations – Schneider Electric Page 15
Driving success for our customers
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    General
We continue to make responsible investments for the future
Investor Relations – Schneider Electric Page 16
CAPACITY INNOVATION AI AT SCALE
6.1%
R&D cash spend as % of 
revenues in H1’25
~40 AI-powered use-cases in operations and at scale 
improving internal efficiency & customer experience
~40 AI-powered features in operations and at scale 
incorporated in customers offers
AI Inventory 
Optimization AI Credit Risk / Limit AI Distributor Sales
Conversational 
Search
CCC Lead 
Generator Tender Co-Pilot
Energy Optimization 
for Microgrids
Predictive Maintenance 
for Electrical assets
HVAC Optimization 
for buildings
PLC CoPilot Autonomous Quality 
with Vision Grid AI Assistant
1. Non-exhaustive view of industrial sites openings or expansions
2.6%
Tangible CapEx as % of 
revenues in H1’25
H1 2025 new announcements1
• Dunavecse, Hungary
• SF6-free RM AirSeT and LV distribution equipment
• Multiple sites, France
• MV and LV switchboards, switches & circuit breakers
• Chennai, India
• UPS, Power Distribution Units (PDU), cooling
• Buffalo, United States liquid cooling
• Multiple sites, United States
• Supporting regional demand across data centers, 
utilities, manufacturing, and energy infrastructure
Galaxy VXL
SF6-free
EcoStruxure 
Automation Expert
2025 selected Hero Offers:
365
AI-Hub employees 
Easy9 Pro SM AirSeT EcoStruxure
Building Activate
TeSys Deca
Advanced
Altivar Process
ATV6100
Industrial 
Digital Transformation
Services
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    General
2. Cumulated since 2009
79%
Growing impact of our Sustainability program
2021-2025
SSI #2 - Help our customers save and avoid 800 million tonnes of 
CO2 emissions 734M
CLIMATE
TRUST
GENERATIONS SSI #11 – Train 1 million people in energy management
1M 
2 The ambition of training 1 million people in energy management has now been 
reached, with 1,017,704 individuals trained. This milestone was supported by 
impressive results this quarter, including over 47,000 people trained in South 
America through the Energy Technical Training program, and more than 
16,000 beneficiaries in Africa thanks to the Enactus partnership.
The Decent Work Program reached 79% in Q2 2025, showing strong progress 
compared to 40% in Q2 2024 – a year-over-year increase of +39 points. This 
improvement reflects significant compliance gains in the Middle East, East 
Asia & Japan, building on the solid foundation laid in 2024.
Investor Relations – Schneider Electric Page 17
In Q2, Schneider Electric solutions enabled customers to surpass the threshold 
of 700 million tonnes of CO₂ emissions saved and avoided since 2018, a key 
milestone toward the year-end target. The addition of three new offers further 
strengthens momentum and amplifies the decarbonization impact.
SSI #6 – 100% of strategic suppliers who provide decent work to 
their employees
2025
Q1 Q2 Q3 Q4 Target
Score 8.06 8.80
1
1. Cumulated since 2018
Our Sustainability Impact Awards program 
received over 450 applications, and we are 
pleased to announce our 7 global winners who 
demonstrated their outstanding commitment to 
building a more sustainable, electric, and 
digital future
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    Internal
External recognition of our in H1 2025
Investor Relations – Schneider Electric Page 18
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    Internal
Investor Relations – Schneider Electric Page 19
A differentiated value proposition – at the convergence of 
electrification and automation; IT and OT
One suite of agnostic Software for a complete Digital Twin 
Design Build Operate & Maintain
Buildings | Data Centers | Industry | Infrastructure
• Cross-selling of complementary offers across 
electrification & automation technologies
• At the convergence of IT and OT with our open 
and agnostic software assets and leveraging AI
• Deep domain expertise in the targeted endmarkets we address
• Supporting customers end-to-end, across the 
lifecycle of their assets and operations
• Software, Services, Sustainability acting as 
door-openers for full portfolio
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    HY 2025
Financial Performance
Highlights
Hilary Maxson | CFO
Investor Relations – Schneider Electric Page 20
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    H1 2025 Financial performance
Revenues
€19.3bn, +8% org.
H1 revenues driven by strong growth in 
Systems and Services business models
Gross Margin
42.4%, -90bps org.
Gross Margin impacted by adverse mix and lag 
in pricing
Adj. EBITA Margin
18.2%, -10bps org.
Responsible investment in strategic priorities, while 
cost control drives improved SFC/Sales ratio 
H1 aligned with expectations, with seasonality in adj. EBITA margin and cash
Strong operating cash flow despite timing impact on tax payments; Free 
cash flow impacted by payment of French fine and working capital needs
Free Cash Flow
€0.5bn, -23%
Operating Cash Flow
€2.9bn, -5%
Net Income impacted by an impairment of investment in associate, growth in 
adjusted Net Income impacted by FX headwinds; +6% at constant currency
Adj. Net Income 
(Group share)
€2.2bn, -1%
Net Income 
(Group share)
€1.9bn, +2%
Investor Relations – Schneider Electric Page 21
1. Adjusted for the one-time impact of a fine paid in relation to a legal case in France
1
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    Record revenues in H1 2025 up +8% organic
Analysis of Change in Group Revenues (in €m)
H1 2024
+10.1%
Energy 
Management
Industrial
Automation
Scope Forex H1 2025
18,173
19,336
-1.0% +0.8% -2.1%
Group +7.9% organic
Mainly due to the weakening of the 
U.S. Dollar, Indian Rupee, Turkish 
Lira and Mexican Peso vs. the Euro
Mainly representing the acquisitions of 
Planon and Motivair partly offset by 
some small disposals
Investor Relations – Schneider Electric Page 22
Based on current rates, the FX impact on FY 2025 revenues is estimated to be between -€1.25 billion to -€1.35 billion
The FX impact at current rates on adjusted EBITA margin for FY 2025 could be around -40bps
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    Strong Q2 2025 Group revenues up +8% organic 
Analysis of Change in Group Revenues (in €m)
Forex Q2 2025
-4.6%
Scope
+1.4%
Rest of 
the World
+10.4%
North America
+12.5%
Asia Pacific
+7.4%
Western Europe
+2.1%
Q2 2024
10,011
9,567
Group +8.3% org.
Mainly representing the acquisitions of 
Planon and Motivair partly offset by 
some small disposals
Mainly due to to weakening 
of the U.S. Dollar, Chinese 
Yuan and Indian Rupee vs. 
the Euro
Investor Relations – Schneider Electric Page 23
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    Public
PRODUCTS SOFTWARE & SERVICES
+2%
Q2 organic growth
+11%
Q2 organic growth
• Energy Management up low-single digit with 
good growth across segments & geographies
• Good contribution across end-markets in India, 
offset by softness in Resi in North America & 
Western Europe
• Industrial Automation down low-single digit 
contrasted by offer and geography
• Progressive demand recovery in Discrete 
automation
SYSTEMS
+17%
Q2 organic growth
48% of Q2 revenues 33% of Q2 revenues 19% of Q2 revenues
• Energy Management grew strong doubledigit across segments, with notable 
contribution from Data Centers
• Industrial Automation was down mid-single 
digit driven by timing of project execution in 
Process & Hybrid markets
Investor Relations – Schneider Electric Page 24
• Agnostic software
• AVEVA: ARR up +12%, impacted by some 
deals slipping to Q3. Strong growth in SaaS 
partly offset by decline in perpetual license, 
as expected
• EM Software: up double-digit led by strong 
performance in multi-year on prem rental at 
ETAP, while RIB Software also grew despite 
subscription transition
• Services
• Digital Services: up double-digit, driven by 
EcoStruxure advisors and offers for Grid
• Field Services: Growing double-digit, led by 
performance in Data Center
Growth in Q2 led by Systems and Services
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    Public
22% 41% 26% 11%
Energy Management +10% Q2 org. growth
Split of Q2 2025 
revenue by geography:
W. Europe N. America Rest of the World
India grew strong double-digit, led by products, reflecting breadth of offer 
across end-markets and successful multi-brand strategy
China was up mid-single digit, led by strength in Data Center and with 
contributions from Industry and Infra. Buildings market remained subdued
Australia grew double-digit driven by Data Center, with Resi also contributing
Rest of the region up high-single digit in aggregate, with notable contributions 
from Indonesia, Japan and Vietnam
Asia Pac.
North America
Strong growth in Spain, solid contribution from Italy and France
Germany up slightly, while U.K. declined
Good growth in Systems across the region, including execution on Data Center 
projects in Spain, Italy and France, despite overall environment of project delays
Continued softness in Resi buildings, notably in U.K.
Good growth across rest of the region, led by Data Center project in Belgium
Middle East & Africa up double-digit, led by systems growth in Saudi Arabia 
and UAE, supported by strong growth across business models in Egypt 
South America up high-single digit, with strong growth in Chile, while 
Argentina declined
Central & Eastern Europe up mid-single digit supported by project execution 
in electrical utilities
Double-digit growth in U.S. led by Systems, up strong double-digit, primarily 
in Data Center supported by a large Building project and traction in WWW
Services in U.S. grew double-digit
Product growth in U.S. up low-single digit with weakness in Resi partly 
offsetting good growth in other segments
Canada up strong double-digit, led by Data Center
Mexico declined sharply impacted by trade uncertainty
+15%
Asia Pacific +11%
Western Europe +3%
Rest of the World +11%
Investor Relations – Schneider Electric Page 25
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Industrial Automation -1% Q2 org. growth
Split of Q2 2025 
revenue by geography:
W. Europe N. America Rest of the World
Low-single digit decline in Discrete automation and weakness in Process & 
Hybrid across the region
China slightly positive in Discrete but down sharply in smaller Process & 
Hybrid, leading to mid-single digit decline overall
India down due to weakness in Discrete markets
Japan down while Korea was around flat
Asia Pac.
North America
Strong growth at AVEVA led by performance in Switzerland
Sales growth in Discrete automation around flat sequentially, with performance 
varied by country 
Process automation down against double-digit base and with weak market notably 
in E&C
Strong growth in Italy led by AVEVA and in Discrete, while France around flat
Germany down with weak E&C and lower activity with OEMs following strong Q1
Double-digit sales growth in Process & Hybrid across the region, led by E&C 
projects in Middle East and strong growth in South America
Software sales at AVEVA up double-digit, primarily in Middle East and South 
America
Sales growth in Discrete automation grew mid-single digit, with strong 
contributions from Brazil, Egypt and countries in the Gulf region, while 
Argentina declined
U.S. down slightly, with strong growth at AVEVA offset by continued 
softness in Discrete and a high base in Process & Hybrid
Canada around flat
Mexico saw declines, primarily in Process automation due to lower 
activity with a customer in the E&C segment
-3%
Asia Pacific -5%
Western Europe 0%
Rest of the World +8%
28% 22% 32% 18%
Investor Relations – Schneider Electric Page 26
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    Adj. EBITA Margin at 18.2%, -10bps organic
H1 2024 H1 2025 Reported
change
Organic
change
Revenues 18,173 19,336 +6.4% +7.9%
Gross Profit 7,889 8,202 +4.0% +5.6%
Gross Margin (%) 43.4% 42.4% -100bps -90bps
SFC1
(4,506) (4,692) +4.1% +4.6%
SFC1 Ratio (% Revenues) 24.8% 24.3% +50bps +80bps
Adjusted EBITA 3,383 3,510 +3.8% +6.9%
Margin % 18.6% 18.2% -40bps -10bps
R&D/Sales ratio 5.6% 5.8% +20bps +10bps
In €m
• SFC higher by +4.6% organic mainly due to investment in 
the Group’s strategic priorities and inflation, partly offset 
by cost savings initiatives
• SFC/Sales ratio improves from 24.8% to 24.3% with a 
strong positive organic improvement of +80bps, partly 
offset by FX headwinds
Energy Management Industrial Automation
21.5%
c.-50bps
org.
• R&D costs in P&L up +10% organic meaning R&D/Sales 
ratio increases to 5.8% up +10bps organic
• On a cash basis, R&D spend increased to 6.1% of sales, 
up from 5.9% in H1 last year
1. Support Function Costs
13.7%
c.-120bps
org.
Investor Relations – Schneider Electric Page 27
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    Gross Margin: -90bps organic change 
Gross Margin: Analysis of Change (%)
Net price¹ Productivity
-0.8
Mix
-0.3
R&D & 
Production 
Labor infl.
43.4
42.4
-0.2
Forex
-0.1
H1 2024 Scope & others
-0.4
+0.8
H1 2025
Net price -€84m
• Pricing on products: -€6m
• Raw Material headwind: -€78m
1. Price on products and total raw material impact
Scope impact +10bps positive 
offset by ‘other’ consisting 
miscellaneous smaller items
Adverse impact from the faster growth 
of Systems vs. Products and Software 
Investor Relations – Schneider Electric Page 28
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    SFC: Responsible investment in strategic priorities while ensuring 
close control of discretionary cost
Analysis of Change of SFC (in €m)
115
139 97
4,506
H1 2024
-55
Forex Inflation Investment Cost savings Scope & Others
4,692
H1 2025
-110
Investments in strategic priorities: R&D 
investment, digital investment including 
AI and commercial footprint
Scope: +€35m; Others: +€62m, 
consisting miscellaneous small items
Investor Relations – Schneider Electric Page 29
Cost saving initiatives mainly 
headcount related
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    Adjusted Net Income of €2.2bn up +6% organic
In €m H1 2024 H1 2025 Reported 
change
Organic 
change
Adjusted EBITA 3,383 3,510 +4% +6.9%
Other operating income and expenses (125) 9
Restructuring costs (59) (63)
Amortization & imp. of purchase 
accounting intangibles (194) (233)
EBIT 3,005 3,223 +7%
Net financial income/(loss) (167) (248)
Income tax (667) (714)
Profit/(loss) of associates and noncontrolling interests (69) (74)
Impairment of investment in associates (220) (274)
Net income (Group share) 1,882 1,913 +2%
Adjusted Net income (Group share)1 2,243 2,228 -1% +5.8%
Adjusted Earnings per share1
4.01 3.97 -1% +5.5%
Consisting mainly of a gain on Qmerit minority buyout, 
partly offset by some M&A and integration costs. H1’24 
included some M&A and integration costs and some legal 
provisions
€39m higher than H1’24 due to amortization of intangible 
assets associated with recent acquisitions Planon and 
Motivair
€81m higher than H1’24. The increase primarily relates to 
higher interest expense on bonds following refinancing 
last year and some adverse FX differences
The Effective Tax Rate was 24.0%, in line with the 
expected range of 23-25% for FY25
1: Adjusted net income and EPS calculation in appendix
The Group recorded a non-cash impairment charge of 
-€274 million against the carrying value of its investment 
in Uplight due to a deterioration in Uplight’s financial 
performance over the period
Investor Relations – Schneider Electric Page 30
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    H1 operating cash flow at €2.9 billion – FCF of €0.5 billion due to
working capital requirements and one-time impact of a fine
Analysis of debt change in €m H1 2024 H1 2025
Net debt at opening Dec 31 (9,367) (8,147)
Operating cash flow 3,095 2,944
Capital expenditure – net (636) (717)
Operating Cash Flow net of capex 2,459 2,227
Change in trade working capital (1,016) (976)
Change in non-trade working capital (554) (777)
Free cash flow 889 474
Dividends (1,978) (2,209)
Acquisitions – net 5 (1,096)
Net capital increase / (decrease) 231 (87)
Purchase commitments on non-controlling interests (59) (301)
FX & other (179) (618)
(Increase) / Decrease in net debt (1,091) (3,837)
Net debt at June 30 (10,458) (11,984)
Operating cash flow down -5% vs. H1’24 due to timing of 
cash tax paid
Mainly relating to inventory build to with DIN up +12 days 
vs. December 2024, while DSO and DPO both around 
flat
Impacted by payment of a fine in France for c.-€200M
Acquisition of 75% controlling interest in Motivair and the 
establishment of the eStar joint venture with StarCharge
Increase vs. H1’24 due to FX and change in derivatives
FCF of €474m. Cash conversion ratio of 25%1 of Net 
Income (Group share). As in previous years, the Group 
expects a higher cash conversion ratio in H2
1. Benefitting from non-cash impairment of associate, but impacted by one-time payment of a fine. Cash conversion 
ratio of 31% adjusted for these items
Investor Relations – Schneider Electric Page 31
Mainly relating to non-cash put option on 25% of
non-controlling interest in Motivair
    31/43

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    Balance sheet remains strong 
In H1 2025:
• Payment of €2.2bn to fulfill FY24 dividend
• Payment of €0.8bn for the acquisition of a 75% 
controlling interest in Motivair
• Free cash flow generation of €0.5bn
Pro-forma impact from acquisition of remaining 35% 
minorities in India JV:
• Increase of Net Debt associated with transaction, 
with no impact on adj. EBITDA
Main impacts
Net Debt / Adj. EBITDA1
Jun-24 Dec-24 Jun-25 Jun-25 
+ M&A
1.38x
1.00x
1.45x
2.13x
1. Trailing 12 months Adj. EBITDA; Net debt as of period end
Investor Relations – Schneider Electric Page 32
Credit rating upgrades in Q2
• Moody’s Ratings upgraded Schneider Electric 
to A2 with stable outlook
    32/43

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    Expected Trends
& Financial Target
Olivier Blum | CEO
Investor Relations – Schneider Electric Page 33
    33/43

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    General
General
Expected trends in 2025
Amid an environment of heightened uncertainty, the Group currently expects: 
• Continued demand recovery in Discrete automation, with sales growth weighted towards H2
• Continued market demand to drive growth, with contribution from across end-markets (Data Center 
& Networks, Buildings, Industry and Infrastructure), despite weakness in Residential 
• Continued strong demand for Systems offers, led by the Data Center and Infrastructure end-markets
• Further progress on subscription transition in Software; strong growth in Services
• Commercial and supply chain actions to counter the impacts of tariffs; leverage multi-hub setup to 
ensure agile and responsible management of profitability, capital investments and cash flow
• All four regions to contribute to growth, led by U.S., India, Middle East & Africa
Investor Relations – Schneider Electric Page 34
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    Public
2025 Adjusted EBITA growth of between +10% and +15% organic
The target would be achieved through a combination of organic revenue growth and margin improvement, currently expected to be:
• Revenue growth of +7% to +10% organic
• Adjusted EBITA margin up +50bps to +80bps organic
Based on the ongoing uncertain geopolitical environment, and incorporating the impacts of trade tariffs enacted or formally announced
to-date, the Group reaffirms its 2025 financial target as follows:
This implies Adjusted EBITA margin of around 18.7% to 19.0% (including scope based on transactions completed to-date and FX 
based on current estimation). 
2025 Target reaffirmed
Further notes on 2025 FX & Scope available on slide 39
Investor Relations – Schneider Electric Page 35
    35/43

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    Q&A
Investor Relations – Schneider Electric Page 36
    36/43

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    General
Investor Relations – Schneider Electric Page 37
Investor Relations ready to engage
Investor Relations contacts
Graham Phillips – graham.phillips@se.com
Amit Bhalla – amit.bhalla@se.com
Andrew Gamwell – andrew.gamwell@se.com
To schedule an interaction with Schneider Electric please 
contact lorna.scrimshaw@se.com
David Le Goascoz – david.le-goascoz-janvier@se.com
31 July H1 2025 Results
3 September Morgan Stanley Industrial CEOs Unplugged (London) 
16 September RBC Global Industrials Conference (New York)
30 October Q3 2025 Revenues
Kira Popper – kira.popper@se.com
    37/43

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    Appendix
Investor Relations – Schneider Electric Page 38
    38/43

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    General
General
2025 additional notes
Foreign Exchange impact: Based on current rates1, the FX impact on FY 2025 revenues is 
estimated to be between -€1.25 billion to -€1.35 billion. The FX impact at current rates on 
adjusted EBITA margin for FY 2025 could be around -40bps
Scope impact: Around +€300 million on 2025 revenues and around flat on 2025 adjusted 
EBITA margin, based on transactions completed to-date
Tax rate: The ETR is expected to be in a 23-25% range in 2025
1. Forward exchange rates are volatile and difficult to predict. Consequently, the impact of such movement and possible impacts from hyperinflation technical accounting (IAS29) are not 
factored at this stage.
Investor Relations – Schneider Electric Page 39
Free Cashflow: Free Cashflow generation approaching 100% conversion of Net Income 
(Group share) in 2025
Finance costs: Net Financial income / (loss) is expected to be around -€500 million in 
2025 due to the higher cost of debt associated with bond refinancing in H2’24
Restructuring: The Group expects restructuring costs in excess of €150 million in 2025
    39/43

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    Adj. EBITA +6.9% org. due to volume and industrial productivity
Analysis of Change of Adjusted EBITA (in €m)
610
164
6
-146
SFC
-206
R&D & 
Production 
Labor infl.
-56
Mix
-161
Productivity
3,383
3,510
-84
Net price H1 2024 Volume 1 Scope & 
others
Forex H1 2025
1. Price on products and total raw material impact
Investor Relations – Schneider Electric Page 40
    40/43

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    Public
Q2 2025 Results
6 long-term commitments
CLIMATE 1. Grow Schneider Impact revenues2
2. Help our customers save and avoid millions of tonnes of CO2 emissions3
3. Reduce CO2 emissions from top 1,000 suppliers' operations
RESOURCES 4. Increase green material content in our products
5. Primary and secondary packaging free from single-use plastic, using recycled cardboard
TRUST 6. Strategic suppliers who provide decent work to their employees4
7. Level of confidence of our employees to report unethical conduct5
EQUAL 8. Increase gender diversity in6
: hiring (50%), 
 front-line management (40%), 
 and leadership teams (30%) 
9. Provide access to green electricity to 50M people7
GENERATIONS 10. Double hiring opportunities for interns, apprentices and fresh graduates8
11. Train people in energy management7
LOCAL +1. Country and Zone Presidents with local commitments that impact their communities
2 Per Schneider Electric definition and methodology; 2019 baseline 3 cumulated since 2018 4 2022 baseline
5 2021 baseline
7 cumulated since 2009
1 Current cycle baseline
6 From 2025 onwards, diversity targets shall not impact local incentives in countries or entities prohibiting the establishment of such targets
8 2019 baseline
2025
Q1 Q2 Q3 Q4 Target
Score 8.06 8.80
80%
800M
50%
70%
263M
0%
0%
0%
0
74%
48%
734M
75%
49%
800M
7%
13%
0%
0%
50%
100%
41%
81%
50%
90%
1%
81%
0%
0%
100%
91%
79%
83%
96%
84%
4,939
281,737
x1
0
x2
1M
x1.63
1,017,704
x1.8
1M
0% 0% 100% 100% 100%
41%
23%
24%
0
50%
40%
30%
0%
0%
0%
30M 50M
40%
31%
32%
59M 60M
45%
35%
30%
Program 
Baseline1 Q2 2025 ProgramAmbition
2025 
Target
Score 3/10 8.06/10 8.80/10 10/10
Investor Relations – Schneider Electric Page 41
    41/43

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    Adjusted Net Income calculation
In €m H1 2024 H1 2025
Adjusted EBITA 3,383 3,510
Amortization of purchase accounting intangibles (194) (233)
Net financial income/(loss) (167) (248)
Income tax with impact from adjusted items (710) (727)
Profit/(loss) of associates and non-controlling interests (69) (74)
Adjusted Net Income (Group share) 2,243 2,228
Adjusted EPS (€) 4.01 3.97
Investor Relations – Schneider Electric Page 42
    42/43

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    General
SE.com CTA se.com
se.com
© 2025 Schneider Electric. All Rights Reserved. 
Schneider Electric and Life Is On Schneider Electric are trademarks
and the property of Schneider Electric, its subsidiaries, and affiliated companies.
All other trademarks are the property of their respective owners
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    43/43

    Schneider Electric's H1 2025 Financial Performance Highlights

    • 1. Internal Strong revenue growth in H1; accelerated momentum entering H2 FY25 Target reaffirmed Half Year 2025 Results - July 31, 2025
    • 2. HY 2025 Business Highlights HY 2025 Financial Performance Highlights Expected Trends & Financial Target All forward-looking statements are Schneider Electric management’s present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forwardlooking statements. For a detailed description of these factors and uncertainties, please refer to the section “Risk Factors” in our Universal Registration Document (which is available on www.se.com). Schneider Electric undertakes no obligation to publicly update or revise any of these forwardlooking statements. This presentation includes information pertaining to our markets and our competitive positions therein. Such information is based on market data and our actual revenues in those markets for the relevant periods. We obtained this market information from various third-party sources (industry publications, surveys and forecasts) and our own internal estimates. We have not independently verified these third-party sources and cannot guarantee their accuracy or completeness and our internal surveys and estimates have not been verified by independent experts or other independent sources. Q&A Disclaimer 3 20 33 36 38 Appendix Investor Relations – Schneider Electric Page 2
    • 3. HY 2025 Business Highlights Olivier Blum | CEO Investor Relations – Schneider Electric Page 3
    • 4. #1 for the 2nd consecutive year as the world’s most sustainable company in 2025 Investor Relations – Schneider Electric Page 4 Our purpose: Schneider’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On. Our mission: Our mission is to be the trusted partner in Sustainability and Efficiency.
    • 5. General Focused execution drives strong revenue growth in Q2 Energy Management Industrial Automation BY BUSINESS Investor Relations – Schneider Electric Page 5 €10bn +8.3% Q2’25 revenues Q2 org. growth €8bn +10.5% Q2’25 revenues Q2 org. growth €2bn -1.1% Q2’25 revenues Q2 org. growth GROUP
    • 6. General Delivered performance aligned with expectations in H1 with higher contribution expected in H2 Investor Relations – Schneider Electric Page 6 €3.5bn +7% org. Adjusted EBITA €2.2bn +6% org. Adjusted Net Income (Group share) €19.3bn +8% org. Revenues 18.2% -10bps org. Adjusted EBITA margin -23% Free Cashflow 42.4% €0.5bn -90bps org. Gross margin GROUP 1. Adjusted for the one-time impact of a fine paid in relation to a legal case in France 1
    • 7. Internal Investor Relations – Schneider Electric Page 7 End-markets remain strong for medium and long-term on structural drivers of growth Key trends in focus: >10% +4% to +5% +5% to +6% +5% to +7% Data Centers & Networks Buildings Industry Infrastructure 2023-27 CAGR* 2023-27 CAGR* 2023-27 CAGR* 2023-27 CAGR* * Estimated market growth as of 2023 CMD Current market dynamic Current market dynamic Current market dynamic Current market dynamic x2 End-use investment in electrification over last decade • Artificial Intelligence • Power distribution • Liquid Cooling Key trends in focus: • Decarbonization • Digitalization • Prosumer Key trends in focus: • Reshoring & megaprojects • Process electrification • Software-defined automation Key trends in focus: • Big government funding • Digitalization / Real-time data • Modernization & Resilience $2.5bn Liquid cooling market estimate for 2025 75% of the EU building stock is energy inefficient 40% The industry sector made up nearly 40% of total growth in electricity demand in 2024
    • 8. Specific focus areas in coming quarters Investor Relations – Schneider Electric Page 8 Energy Management Industrial Automation Offerings for New Energy Landscape SF6-free and Motivair at scale Software-defined automation at scale Transition completion at AVEVA Buildings | Data Centers | Industry | Infrastructure Pricing & Productivity Multi-hub for customer proximity and team empowerment Execute record-high backlog Innovation and technology Margin recovery Capture growth from Discrete in H2 Digital and Field Services expansion Fast decision & Agility in resource allocation
    • 9. Digital Flywheel driving strong growth, +4pts in % of Group revenues vs. H1 2024 FIELD SERVICES EDGE CONTROL SOFTWARE & DIGITAL SERVICES CONNECTABLE PRODUCTS 8% Key achievements of H1 2025: • Innovation and AI deployment driving strong growth in Connectable Products • Edge Control seeing good growth; traction for BMS across segments and IA trends improving • Digital Services performing strongly, enabled by AI; agnostic Software2 continues transition to subscription • Recurring revenue in agnostic Software2 at 78% (vs. 76% in H1’24), on track to reach 80% by 2027 • Good growth in Field Services led by Energy Management 60% of H1 2025 Group revenues (vs. 56% in H1’24) 11% 32% 9% Investor Relations – Schneider Electric Page 9 1. % of H1 2025 Group revenues 2. Agnostic Software comprises AVEVA, ETAP and RIB Software 1 1 1 1
    • 10. General Investor Relations – Schneider Electric Page 10 Reinforcing our multi-hub strategy with 100% ownership of India JV One of the 4 hubs of the Group “2 brands 2 sales” strategy 3 rd largest country for the Group - €2.5bn revenues in FY 20241 Key market for domestic & export Our ambition for Schneider Electric in India Cutting edge Smart Manufacturing Organic Sales growth engine Leadership across end-markets Innovation in product franchise Driving force in AI applications Double-digit CAGR From mega cities to rural Country / Region and beyond R&D excellence External & Internal Expanding capacity by 2.5x to 3x to serve India and beyond Opportune timing to take full control and capitalize on future value creation given India’s economic tailwinds €5.5bn To acquire the remaining 35% stake of Schneider Electric India Private Limited from Temasek India has been delivering strong revenue and margin growth since the initial acquisition of L&T E&A: 1. In 2024, sales in India were €2.5 billion across subsidiaries, while Schneider Electric India Private Limited had statutory revenues of €1.8 billion (including export sales)
    • 11. General Driving the future of data center designs from grid to chip and chip to chiller Motivair Dynamic® Cold Plate ChilledDoor® Rack Cooling System Coolant Distribution Units (CDUs) From room to row, rack to chip, Motivair provides a full spectrum of cooling solutions for all Data Center & IT applications: Address global cooling market U.S. manufacturing footprint expansion Investor Relations – Schneider Electric Page 11 • Our solution covers grid-to-chip and chip-to-chiller infrastructure, monitoring and management software, and services • For operational optimization to support the global deployment of AI workloads
    • 12. General Accelerating the development and deployment of AI factories at scale with NVIDIA Investor Relations – Schneider Electric Page 12 Partnering with NVIDIA as a Solution Advisor Consultant Partner R&D initiatives underscore companies’ commitment to co-developing new cooling, power, building management and control systems for digital and physical AI data centers NVIDIA’s DGX-Ready partners co-delivering training, playbooks, and enablement for AI-ready data centers Joint presence at key events to drive visibility and pipeline. Schneider Electric featured by NVIDIA CEO Jensen Huang at GTC San Jose and GTC Paris ETAP / Omniverse Integration GTM Alignment GB200 Designs released Dec ‘24 GB300 Designs released July ’25 Exploring 800V HVDC architecture, reducing conversion losses and simplifying infrastructure First Controls System Architecture Design set for release July 2025 Power system digital twin integration enables real-time simulation and optimization for AI factories First interactive electrical digital twin demo targeted for Dec 2025 launch Engineering Design-work
    • 13. General Leading in Buildings efficiency, leveraging BMS and AI in our own buildings and at customers' sites Investor Relations – Schneider Electric Page 13 <100kWh/m2/yr ~30% of average world buildings energy consumption The NEST, Dubai: powered by EcoStruxure platform and AIdriven systems Compelling Schneider Electric use cases to replicate at customers' site As the backbone for buildings electrification and digitalization for efficiency and sustainability for Buildings Technopole, France: An exemplary building for Schneider Electric in France Apollo Proton Cancer Centre, India: Uninterrupted power to critical unit with 30% improvement in energy efficiency. Sidara 150 Holborn, London: Occupancy-based room conditioning delivering an average of 22% savings in operational energy use and carbon Leveraging Planon’s leadership in smart sustainable building management software
    • 14. General Customer-centric integrated service offers with AI-powered best-in-class delivery Investor Relations – Schneider Electric Page 14 Leveraging growing installed-base Increased recurring revenues Double Digit organic growth CAGR, 2023-2027* Capex to Opex to Recurring Experience * Indicative growth expectation in Services given at 2023 CMD Setting the path to be best-in-class for Service delivery, with AI-powered workforce
    • 15. General Infrastructure India Data Center Saudi Arabia Industry Australia Infrastructure India THE CHALLENGE Upgrade and transform Tata’s power distribution network THE CHALLENGE Deliver 144 MW hyperscale data center across 6 sites in two regions (Riyadh and Dammam) THE CHALLENGE Design and build a hydrogen manufacturing plant providing expertise in engineering for hydrogen operations with full data integration THE CHALLENGE Modernize RVUN’s power plant by providing open software defined automation and full end-to-end range of cybersecurity solutions SOLUTIONS • Digital connectivity between hardware and EcoStruxure ADMS • Unified interface with DMS and OMS modules contributing to operator’s profitability SOLUTIONS • Full tri-level EcoStruxure including prefab power modules, MV & LV switchgear, Building Operation Expert, AVEVA and Microgrid Solutions integrated via UoC SOLUTIONS • AVEVA Unified Engineering, PI System, Monitor and Control • ETAP Digital Twin platform • Schneider New Energies’ Consulting SOLUTIONS • EcoStruxure Automation Expert • End To End Cybersecurity solution IMPACT • Reduced the number and length of outages • Minimized the estimated time it takes to bring operations back on stream IMPACT • Prioritized sustainability and energy efficiency • The largest Services SLA contract across MEA IMPACT • Modular design enables scaled production lowering CapEx and avoiding traditional EPC models IMPACT • Increased Availability and Reliability up to 99.99% Investor Relations – Schneider Electric Page 15 Driving success for our customers
    • 16. General We continue to make responsible investments for the future Investor Relations – Schneider Electric Page 16 CAPACITY INNOVATION AI AT SCALE 6.1% R&D cash spend as % of revenues in H1’25 ~40 AI-powered use-cases in operations and at scale improving internal efficiency & customer experience ~40 AI-powered features in operations and at scale incorporated in customers offers AI Inventory Optimization AI Credit Risk / Limit AI Distributor Sales Conversational Search CCC Lead Generator Tender Co-Pilot Energy Optimization for Microgrids Predictive Maintenance for Electrical assets HVAC Optimization for buildings PLC CoPilot Autonomous Quality with Vision Grid AI Assistant 1. Non-exhaustive view of industrial sites openings or expansions 2.6% Tangible CapEx as % of revenues in H1’25 H1 2025 new announcements1 • Dunavecse, Hungary • SF6-free RM AirSeT and LV distribution equipment • Multiple sites, France • MV and LV switchboards, switches & circuit breakers • Chennai, India • UPS, Power Distribution Units (PDU), cooling • Buffalo, United States liquid cooling • Multiple sites, United States • Supporting regional demand across data centers, utilities, manufacturing, and energy infrastructure Galaxy VXL SF6-free EcoStruxure Automation Expert 2025 selected Hero Offers: 365 AI-Hub employees Easy9 Pro SM AirSeT EcoStruxure Building Activate TeSys Deca Advanced Altivar Process ATV6100 Industrial Digital Transformation Services
    • 17. General 2. Cumulated since 2009 79% Growing impact of our Sustainability program 2021-2025 SSI #2 - Help our customers save and avoid 800 million tonnes of CO2 emissions 734M CLIMATE TRUST GENERATIONS SSI #11 – Train 1 million people in energy management 1M 2 The ambition of training 1 million people in energy management has now been reached, with 1,017,704 individuals trained. This milestone was supported by impressive results this quarter, including over 47,000 people trained in South America through the Energy Technical Training program, and more than 16,000 beneficiaries in Africa thanks to the Enactus partnership. The Decent Work Program reached 79% in Q2 2025, showing strong progress compared to 40% in Q2 2024 – a year-over-year increase of +39 points. This improvement reflects significant compliance gains in the Middle East, East Asia & Japan, building on the solid foundation laid in 2024. Investor Relations – Schneider Electric Page 17 In Q2, Schneider Electric solutions enabled customers to surpass the threshold of 700 million tonnes of CO₂ emissions saved and avoided since 2018, a key milestone toward the year-end target. The addition of three new offers further strengthens momentum and amplifies the decarbonization impact. SSI #6 – 100% of strategic suppliers who provide decent work to their employees 2025 Q1 Q2 Q3 Q4 Target Score 8.06 8.80 1 1. Cumulated since 2018 Our Sustainability Impact Awards program received over 450 applications, and we are pleased to announce our 7 global winners who demonstrated their outstanding commitment to building a more sustainable, electric, and digital future
    • 18. Internal External recognition of our in H1 2025 Investor Relations – Schneider Electric Page 18
    • 19. Internal Investor Relations – Schneider Electric Page 19 A differentiated value proposition – at the convergence of electrification and automation; IT and OT One suite of agnostic Software for a complete Digital Twin Design Build Operate & Maintain Buildings | Data Centers | Industry | Infrastructure • Cross-selling of complementary offers across electrification & automation technologies • At the convergence of IT and OT with our open and agnostic software assets and leveraging AI • Deep domain expertise in the targeted endmarkets we address • Supporting customers end-to-end, across the lifecycle of their assets and operations • Software, Services, Sustainability acting as door-openers for full portfolio
    • 20. HY 2025 Financial Performance Highlights Hilary Maxson | CFO Investor Relations – Schneider Electric Page 20
    • 21. H1 2025 Financial performance Revenues €19.3bn, +8% org. H1 revenues driven by strong growth in Systems and Services business models Gross Margin 42.4%, -90bps org. Gross Margin impacted by adverse mix and lag in pricing Adj. EBITA Margin 18.2%, -10bps org. Responsible investment in strategic priorities, while cost control drives improved SFC/Sales ratio H1 aligned with expectations, with seasonality in adj. EBITA margin and cash Strong operating cash flow despite timing impact on tax payments; Free cash flow impacted by payment of French fine and working capital needs Free Cash Flow €0.5bn, -23% Operating Cash Flow €2.9bn, -5% Net Income impacted by an impairment of investment in associate, growth in adjusted Net Income impacted by FX headwinds; +6% at constant currency Adj. Net Income (Group share) €2.2bn, -1% Net Income (Group share) €1.9bn, +2% Investor Relations – Schneider Electric Page 21 1. Adjusted for the one-time impact of a fine paid in relation to a legal case in France 1
    • 22. Record revenues in H1 2025 up +8% organic Analysis of Change in Group Revenues (in €m) H1 2024 +10.1% Energy Management Industrial Automation Scope Forex H1 2025 18,173 19,336 -1.0% +0.8% -2.1% Group +7.9% organic Mainly due to the weakening of the U.S. Dollar, Indian Rupee, Turkish Lira and Mexican Peso vs. the Euro Mainly representing the acquisitions of Planon and Motivair partly offset by some small disposals Investor Relations – Schneider Electric Page 22 Based on current rates, the FX impact on FY 2025 revenues is estimated to be between -€1.25 billion to -€1.35 billion The FX impact at current rates on adjusted EBITA margin for FY 2025 could be around -40bps
    • 23. Strong Q2 2025 Group revenues up +8% organic Analysis of Change in Group Revenues (in €m) Forex Q2 2025 -4.6% Scope +1.4% Rest of the World +10.4% North America +12.5% Asia Pacific +7.4% Western Europe +2.1% Q2 2024 10,011 9,567 Group +8.3% org. Mainly representing the acquisitions of Planon and Motivair partly offset by some small disposals Mainly due to to weakening of the U.S. Dollar, Chinese Yuan and Indian Rupee vs. the Euro Investor Relations – Schneider Electric Page 23
    • 24. Public PRODUCTS SOFTWARE & SERVICES +2% Q2 organic growth +11% Q2 organic growth • Energy Management up low-single digit with good growth across segments & geographies • Good contribution across end-markets in India, offset by softness in Resi in North America & Western Europe • Industrial Automation down low-single digit contrasted by offer and geography • Progressive demand recovery in Discrete automation SYSTEMS +17% Q2 organic growth 48% of Q2 revenues 33% of Q2 revenues 19% of Q2 revenues • Energy Management grew strong doubledigit across segments, with notable contribution from Data Centers • Industrial Automation was down mid-single digit driven by timing of project execution in Process & Hybrid markets Investor Relations – Schneider Electric Page 24 • Agnostic software • AVEVA: ARR up +12%, impacted by some deals slipping to Q3. Strong growth in SaaS partly offset by decline in perpetual license, as expected • EM Software: up double-digit led by strong performance in multi-year on prem rental at ETAP, while RIB Software also grew despite subscription transition • Services • Digital Services: up double-digit, driven by EcoStruxure advisors and offers for Grid • Field Services: Growing double-digit, led by performance in Data Center Growth in Q2 led by Systems and Services
    • 25. Public 22% 41% 26% 11% Energy Management +10% Q2 org. growth Split of Q2 2025 revenue by geography: W. Europe N. America Rest of the World India grew strong double-digit, led by products, reflecting breadth of offer across end-markets and successful multi-brand strategy China was up mid-single digit, led by strength in Data Center and with contributions from Industry and Infra. Buildings market remained subdued Australia grew double-digit driven by Data Center, with Resi also contributing Rest of the region up high-single digit in aggregate, with notable contributions from Indonesia, Japan and Vietnam Asia Pac. North America Strong growth in Spain, solid contribution from Italy and France Germany up slightly, while U.K. declined Good growth in Systems across the region, including execution on Data Center projects in Spain, Italy and France, despite overall environment of project delays Continued softness in Resi buildings, notably in U.K. Good growth across rest of the region, led by Data Center project in Belgium Middle East & Africa up double-digit, led by systems growth in Saudi Arabia and UAE, supported by strong growth across business models in Egypt South America up high-single digit, with strong growth in Chile, while Argentina declined Central & Eastern Europe up mid-single digit supported by project execution in electrical utilities Double-digit growth in U.S. led by Systems, up strong double-digit, primarily in Data Center supported by a large Building project and traction in WWW Services in U.S. grew double-digit Product growth in U.S. up low-single digit with weakness in Resi partly offsetting good growth in other segments Canada up strong double-digit, led by Data Center Mexico declined sharply impacted by trade uncertainty +15% Asia Pacific +11% Western Europe +3% Rest of the World +11% Investor Relations – Schneider Electric Page 25
    • 26. Public Industrial Automation -1% Q2 org. growth Split of Q2 2025 revenue by geography: W. Europe N. America Rest of the World Low-single digit decline in Discrete automation and weakness in Process & Hybrid across the region China slightly positive in Discrete but down sharply in smaller Process & Hybrid, leading to mid-single digit decline overall India down due to weakness in Discrete markets Japan down while Korea was around flat Asia Pac. North America Strong growth at AVEVA led by performance in Switzerland Sales growth in Discrete automation around flat sequentially, with performance varied by country Process automation down against double-digit base and with weak market notably in E&C Strong growth in Italy led by AVEVA and in Discrete, while France around flat Germany down with weak E&C and lower activity with OEMs following strong Q1 Double-digit sales growth in Process & Hybrid across the region, led by E&C projects in Middle East and strong growth in South America Software sales at AVEVA up double-digit, primarily in Middle East and South America Sales growth in Discrete automation grew mid-single digit, with strong contributions from Brazil, Egypt and countries in the Gulf region, while Argentina declined U.S. down slightly, with strong growth at AVEVA offset by continued softness in Discrete and a high base in Process & Hybrid Canada around flat Mexico saw declines, primarily in Process automation due to lower activity with a customer in the E&C segment -3% Asia Pacific -5% Western Europe 0% Rest of the World +8% 28% 22% 32% 18% Investor Relations – Schneider Electric Page 26
    • 27. Adj. EBITA Margin at 18.2%, -10bps organic H1 2024 H1 2025 Reported change Organic change Revenues 18,173 19,336 +6.4% +7.9% Gross Profit 7,889 8,202 +4.0% +5.6% Gross Margin (%) 43.4% 42.4% -100bps -90bps SFC1 (4,506) (4,692) +4.1% +4.6% SFC1 Ratio (% Revenues) 24.8% 24.3% +50bps +80bps Adjusted EBITA 3,383 3,510 +3.8% +6.9% Margin % 18.6% 18.2% -40bps -10bps R&D/Sales ratio 5.6% 5.8% +20bps +10bps In €m • SFC higher by +4.6% organic mainly due to investment in the Group’s strategic priorities and inflation, partly offset by cost savings initiatives • SFC/Sales ratio improves from 24.8% to 24.3% with a strong positive organic improvement of +80bps, partly offset by FX headwinds Energy Management Industrial Automation 21.5% c.-50bps org. • R&D costs in P&L up +10% organic meaning R&D/Sales ratio increases to 5.8% up +10bps organic • On a cash basis, R&D spend increased to 6.1% of sales, up from 5.9% in H1 last year 1. Support Function Costs 13.7% c.-120bps org. Investor Relations – Schneider Electric Page 27
    • 28. Gross Margin: -90bps organic change Gross Margin: Analysis of Change (%) Net price¹ Productivity -0.8 Mix -0.3 R&D & Production Labor infl. 43.4 42.4 -0.2 Forex -0.1 H1 2024 Scope & others -0.4 +0.8 H1 2025 Net price -€84m • Pricing on products: -€6m • Raw Material headwind: -€78m 1. Price on products and total raw material impact Scope impact +10bps positive offset by ‘other’ consisting miscellaneous smaller items Adverse impact from the faster growth of Systems vs. Products and Software Investor Relations – Schneider Electric Page 28
    • 29. SFC: Responsible investment in strategic priorities while ensuring close control of discretionary cost Analysis of Change of SFC (in €m) 115 139 97 4,506 H1 2024 -55 Forex Inflation Investment Cost savings Scope & Others 4,692 H1 2025 -110 Investments in strategic priorities: R&D investment, digital investment including AI and commercial footprint Scope: +€35m; Others: +€62m, consisting miscellaneous small items Investor Relations – Schneider Electric Page 29 Cost saving initiatives mainly headcount related
    • 30. Adjusted Net Income of €2.2bn up +6% organic In €m H1 2024 H1 2025 Reported change Organic change Adjusted EBITA 3,383 3,510 +4% +6.9% Other operating income and expenses (125) 9 Restructuring costs (59) (63) Amortization & imp. of purchase accounting intangibles (194) (233) EBIT 3,005 3,223 +7% Net financial income/(loss) (167) (248) Income tax (667) (714) Profit/(loss) of associates and noncontrolling interests (69) (74) Impairment of investment in associates (220) (274) Net income (Group share) 1,882 1,913 +2% Adjusted Net income (Group share)1 2,243 2,228 -1% +5.8% Adjusted Earnings per share1 4.01 3.97 -1% +5.5% Consisting mainly of a gain on Qmerit minority buyout, partly offset by some M&A and integration costs. H1’24 included some M&A and integration costs and some legal provisions €39m higher than H1’24 due to amortization of intangible assets associated with recent acquisitions Planon and Motivair €81m higher than H1’24. The increase primarily relates to higher interest expense on bonds following refinancing last year and some adverse FX differences The Effective Tax Rate was 24.0%, in line with the expected range of 23-25% for FY25 1: Adjusted net income and EPS calculation in appendix The Group recorded a non-cash impairment charge of -€274 million against the carrying value of its investment in Uplight due to a deterioration in Uplight’s financial performance over the period Investor Relations – Schneider Electric Page 30
    • 31. H1 operating cash flow at €2.9 billion – FCF of €0.5 billion due to working capital requirements and one-time impact of a fine Analysis of debt change in €m H1 2024 H1 2025 Net debt at opening Dec 31 (9,367) (8,147) Operating cash flow 3,095 2,944 Capital expenditure – net (636) (717) Operating Cash Flow net of capex 2,459 2,227 Change in trade working capital (1,016) (976) Change in non-trade working capital (554) (777) Free cash flow 889 474 Dividends (1,978) (2,209) Acquisitions – net 5 (1,096) Net capital increase / (decrease) 231 (87) Purchase commitments on non-controlling interests (59) (301) FX & other (179) (618) (Increase) / Decrease in net debt (1,091) (3,837) Net debt at June 30 (10,458) (11,984) Operating cash flow down -5% vs. H1’24 due to timing of cash tax paid Mainly relating to inventory build to with DIN up +12 days vs. December 2024, while DSO and DPO both around flat Impacted by payment of a fine in France for c.-€200M Acquisition of 75% controlling interest in Motivair and the establishment of the eStar joint venture with StarCharge Increase vs. H1’24 due to FX and change in derivatives FCF of €474m. Cash conversion ratio of 25%1 of Net Income (Group share). As in previous years, the Group expects a higher cash conversion ratio in H2 1. Benefitting from non-cash impairment of associate, but impacted by one-time payment of a fine. Cash conversion ratio of 31% adjusted for these items Investor Relations – Schneider Electric Page 31 Mainly relating to non-cash put option on 25% of non-controlling interest in Motivair
    • 32. Balance sheet remains strong In H1 2025: • Payment of €2.2bn to fulfill FY24 dividend • Payment of €0.8bn for the acquisition of a 75% controlling interest in Motivair • Free cash flow generation of €0.5bn Pro-forma impact from acquisition of remaining 35% minorities in India JV: • Increase of Net Debt associated with transaction, with no impact on adj. EBITDA Main impacts Net Debt / Adj. EBITDA1 Jun-24 Dec-24 Jun-25 Jun-25 + M&A 1.38x 1.00x 1.45x 2.13x 1. Trailing 12 months Adj. EBITDA; Net debt as of period end Investor Relations – Schneider Electric Page 32 Credit rating upgrades in Q2 • Moody’s Ratings upgraded Schneider Electric to A2 with stable outlook
    • 33. Expected Trends & Financial Target Olivier Blum | CEO Investor Relations – Schneider Electric Page 33
    • 34. General General Expected trends in 2025 Amid an environment of heightened uncertainty, the Group currently expects: • Continued demand recovery in Discrete automation, with sales growth weighted towards H2 • Continued market demand to drive growth, with contribution from across end-markets (Data Center & Networks, Buildings, Industry and Infrastructure), despite weakness in Residential • Continued strong demand for Systems offers, led by the Data Center and Infrastructure end-markets • Further progress on subscription transition in Software; strong growth in Services • Commercial and supply chain actions to counter the impacts of tariffs; leverage multi-hub setup to ensure agile and responsible management of profitability, capital investments and cash flow • All four regions to contribute to growth, led by U.S., India, Middle East & Africa Investor Relations – Schneider Electric Page 34
    • 35. Public 2025 Adjusted EBITA growth of between +10% and +15% organic The target would be achieved through a combination of organic revenue growth and margin improvement, currently expected to be: • Revenue growth of +7% to +10% organic • Adjusted EBITA margin up +50bps to +80bps organic Based on the ongoing uncertain geopolitical environment, and incorporating the impacts of trade tariffs enacted or formally announced to-date, the Group reaffirms its 2025 financial target as follows: This implies Adjusted EBITA margin of around 18.7% to 19.0% (including scope based on transactions completed to-date and FX based on current estimation). 2025 Target reaffirmed Further notes on 2025 FX & Scope available on slide 39 Investor Relations – Schneider Electric Page 35
    • 36. Q&A Investor Relations – Schneider Electric Page 36
    • 37. General Investor Relations – Schneider Electric Page 37 Investor Relations ready to engage Investor Relations contacts Graham Phillips – graham.phillips@se.com Amit Bhalla – amit.bhalla@se.com Andrew Gamwell – andrew.gamwell@se.com To schedule an interaction with Schneider Electric please contact lorna.scrimshaw@se.com David Le Goascoz – david.le-goascoz-janvier@se.com 31 July H1 2025 Results 3 September Morgan Stanley Industrial CEOs Unplugged (London) 16 September RBC Global Industrials Conference (New York) 30 October Q3 2025 Revenues Kira Popper – kira.popper@se.com
    • 38. Appendix Investor Relations – Schneider Electric Page 38
    • 39. General General 2025 additional notes Foreign Exchange impact: Based on current rates1, the FX impact on FY 2025 revenues is estimated to be between -€1.25 billion to -€1.35 billion. The FX impact at current rates on adjusted EBITA margin for FY 2025 could be around -40bps Scope impact: Around +€300 million on 2025 revenues and around flat on 2025 adjusted EBITA margin, based on transactions completed to-date Tax rate: The ETR is expected to be in a 23-25% range in 2025 1. Forward exchange rates are volatile and difficult to predict. Consequently, the impact of such movement and possible impacts from hyperinflation technical accounting (IAS29) are not factored at this stage. Investor Relations – Schneider Electric Page 39 Free Cashflow: Free Cashflow generation approaching 100% conversion of Net Income (Group share) in 2025 Finance costs: Net Financial income / (loss) is expected to be around -€500 million in 2025 due to the higher cost of debt associated with bond refinancing in H2’24 Restructuring: The Group expects restructuring costs in excess of €150 million in 2025
    • 40. Adj. EBITA +6.9% org. due to volume and industrial productivity Analysis of Change of Adjusted EBITA (in €m) 610 164 6 -146 SFC -206 R&D & Production Labor infl. -56 Mix -161 Productivity 3,383 3,510 -84 Net price H1 2024 Volume 1 Scope & others Forex H1 2025 1. Price on products and total raw material impact Investor Relations – Schneider Electric Page 40
    • 41. Public Q2 2025 Results 6 long-term commitments CLIMATE 1. Grow Schneider Impact revenues2 2. Help our customers save and avoid millions of tonnes of CO2 emissions3 3. Reduce CO2 emissions from top 1,000 suppliers' operations RESOURCES 4. Increase green material content in our products 5. Primary and secondary packaging free from single-use plastic, using recycled cardboard TRUST 6. Strategic suppliers who provide decent work to their employees4 7. Level of confidence of our employees to report unethical conduct5 EQUAL 8. Increase gender diversity in6 : hiring (50%), front-line management (40%), and leadership teams (30%) 9. Provide access to green electricity to 50M people7 GENERATIONS 10. Double hiring opportunities for interns, apprentices and fresh graduates8 11. Train people in energy management7 LOCAL +1. Country and Zone Presidents with local commitments that impact their communities 2 Per Schneider Electric definition and methodology; 2019 baseline 3 cumulated since 2018 4 2022 baseline 5 2021 baseline 7 cumulated since 2009 1 Current cycle baseline 6 From 2025 onwards, diversity targets shall not impact local incentives in countries or entities prohibiting the establishment of such targets 8 2019 baseline 2025 Q1 Q2 Q3 Q4 Target Score 8.06 8.80 80% 800M 50% 70% 263M 0% 0% 0% 0 74% 48% 734M 75% 49% 800M 7% 13% 0% 0% 50% 100% 41% 81% 50% 90% 1% 81% 0% 0% 100% 91% 79% 83% 96% 84% 4,939 281,737 x1 0 x2 1M x1.63 1,017,704 x1.8 1M 0% 0% 100% 100% 100% 41% 23% 24% 0 50% 40% 30% 0% 0% 0% 30M 50M 40% 31% 32% 59M 60M 45% 35% 30% Program Baseline1 Q2 2025 ProgramAmbition 2025 Target Score 3/10 8.06/10 8.80/10 10/10 Investor Relations – Schneider Electric Page 41
    • 42. Adjusted Net Income calculation In €m H1 2024 H1 2025 Adjusted EBITA 3,383 3,510 Amortization of purchase accounting intangibles (194) (233) Net financial income/(loss) (167) (248) Income tax with impact from adjusted items (710) (727) Profit/(loss) of associates and non-controlling interests (69) (74) Adjusted Net Income (Group share) 2,243 2,228 Adjusted EPS (€) 4.01 3.97 Investor Relations – Schneider Electric Page 42
    • 43. General SE.com CTA se.com se.com © 2025 Schneider Electric. All Rights Reserved. Schneider Electric and Life Is On Schneider Electric are trademarks and the property of Schneider Electric, its subsidiaries, and affiliated companies. All other trademarks are the property of their respective owners Facebook icon LinkedIn icon YouTube icon Twitter/X icon Instagram icon SE Blog icon


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