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KEY FIGURES 2011 Earnings per share* (in euros) 3.39 07 3.51 08 1.66 09 3.30 3.39 (Source: Thomson Reuters) 10 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 10 11 Dividend per share* (in euros) 1.65 07 1.725 * Adjusted to refl ect two-for-one share split (September 2, 2011). ** Subject to shareholders’ approval at the Annual Meeting of May 3, 2012, for payment on May 16, 2012. Ownership structure on December 31, 2011 3.7% CDC Group (1) To the best knowledge of the Company. 9.4% Capital Research & Management Compagny (1) Share price against CAC 40 index over five years Schneider Electric share 70 60 50 40 42.05 30 20 10 0 46.34 26.50 40.89 08 1.025 09 4.6% Employees 1.7% Treasury shares 56.00 80.6% Public 1.60 10 0 1.70** 8,000 6,000 5,000 3,000 2,000 1,000 11 7,000 47.48 31/01/2012 40.68 4,000 Dec. 31, 2006 Dec. 31, 2007 Dec. 31, 2008 Dec. 31, 2009 Dec. 31, 2010 Dec. 31, 2011 Share price in euros Schneider Electric share CAC 40 index CAC 40 index
2011 in brief Growth and acquisitions Acquisition of Telvent On June 1, 2011, Schneider Electric announced the signing of a defi nitive agreement related to the acquisition, through a public offer of Telvent GIT SA (“Telvent”), a leading solution provider specializing in high value-added IT software and solutions for real- time management of mission critical infrastructure in the fi elds of electricity, oil & gas, water and transportation. By acquiring Telvent, Schneider Electric integrates a high value-added software platform that presents a good fi t with its own range in fi eld device control and operation management software for the smart grid and effi cient infrastructures. The Group also doubles its overall software development competencies and enhances its IT integration and software service capability, including weather services. Schneider Electric made a cash tender offer for all of Telvent’s shares at a price of USD40 per share, which represents a premium of 36% to Telvent’s average share price over the last three months. This offer has successfully been completed on August 30, 2011 . Automation and Control On June 9, 2011, Schneider Electric announced the signature of an agreement to acquire Leader Harvest Power Technologies Holdings Limited (“Leader & Harvest”), one of the leading players in the fast-growing medium voltage drives market in China. Headquartered in Beijing, Leader & Harvest develops, manufactures and commercialises medium voltage (MV) variable speed drives. The company employs over 750 people and has an extensive inhouse nationwide sales and service support network across 30 provinces. With an annual growth rate in excess of 20% in the past few years, the company is expected to generate sales of approximately USD150 million (approx. EUR100 million) for 2011. Leader & Harvest’s range represents an excellent addition to Schneider Electric’s industrial automation range of products and solutions. Medium voltage drives are a key element of energy effi cient solutions to our key target segments of mining, minerals & metals and water & waste water. Low voltage On July 21, 2011, Schneider Electric announced it has entered into a partnership with NVC Lighting Holding Limited (“NVC Lighting”) to speed up its market penetration in smaller cities in China via NVC Lighting’s well established diffused channels. The partnership will give Schneider Electric an exclusive access to diffused channels and bring forth strong revenue synergies. NVC Lighting has a solid presence in China with broad diffused channels and extensive retail management experience. It has the access to over 3,000 retail outlets, half of which are located in smaller cities and townships. On July 22, 2011, Schneider Electric announced the signature of an agreement to acquire the bresilian group Steck Da Amazonia Industria Electrica Ltd. and affi liates (“Steck Group”), a key player (950 employees, about BRL180 million (approx. EUR80 million) in 2011) in the fast growing fi nal low voltage segment serving the residential and commercial buildings and industries in Brazil. The transaction will enable Schneider Electric to broaden its product 2011 IN BRIEF portfolio and market access and hence provide an opportunity to expand its presence in new economies, particularly in Latin America. Critical Power & Cooling On January 7, 2011, Schneider Electric announced the signature of an agreement to acquire a majority of the shares in APW President Systems Ltd. which designs and manufactures standard and customized racks and enclosure systems in India, serving in particular information technology and telecom end-users. APW President Systems Ltd. has approximately 380 employees and generated sales of INR1.08 billion (approx. EUR17 million) for the twelve months ending September 30, 2010. With APW President Systems Ltd., Schneider Electric is well positioned to capture opportunities in the fast growing Indian IT infrastructure market as well as in international markets, particularly in Asia Pacifi c and Middle East. The Group will also be able to tap the talent pool and increase its solutions execution capabilities from server rooms to extra large data centres. On March 31, 2011, Schneider Electric announced the signature of an agreement to acquire from Smartlink Network Systems Ltd. the assets of the Indian company Digilink business, one of the leading structured cabling systems providers in India. Headquartered in Mumbai, the Digilink business has 92 employees and generated sales of about INR1.55 billion (approx. EUR25 million) in calendar year 2010. With this acquisition the Group will be able to gain access to Digilink’s well-established distribution network in the retail sector which complements its presence in enterprise segments and will generate signifi cant cross-selling opportunities for its Power and IT products. On April 4, 2011, Schneider Electric announced the signature of an agreement to acquire in the United States Lee Technologies, a leading service provider for the data centres of the North American market. Headquartered in Fairfax, Virginia, Lee Technologies has over 300 employees and generated sales of about USD140 million (approx. EUR104 million) in 2010. Lee Technologies brings to Schneider Electric capabilities ranging from consulting, site assessment, design, equipment specifi cation and selection to integration, commissioning, facility operations staffi ng, maintenance and proactive 24x7 remote monitoring. This full repertoire of services will reinforce Schneider Electric’s IT business skills in data centre management and its ability to provide data centres, one of the world’s fastest growing end-users of energy, with the best standards in energy conservation and reliability. On May 30, 2011, Schneider Electric announced the signature of an agreement to acquire 74% of Luminous Power Technologies Pvt. Ltd., a market leader in India that provides inverters, UPS and power storage systems to help homes and small and medium sized businesses face frequent power cuts. Luminous is a leading player in the around EUR800 million Indian inverter and power storage market that is growing at more than 20% a year. Luminous has a strong presence in India and employs approx. 3,000 people in 8 different industrial sites in India and 1 in China. It has generated revenues of INR11.0 billion (approx. EUR170 million) for the fi scal year ending March 2011.With Luminous, Schneider Electric will become the leader in the Indian inverters and secured power market and gain access to a complementary retail network. 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 11
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Schneider Electric SA Headquarters:
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