Notes to the financial statements

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Annual Report 2021

Annual Report 2021

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Annual Report 2021

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Annual Report 2021

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Table of contents for the Annual Report 2021 report

About Schindler Milestones Statement of the Board of DirectorsWhat moves the world

Urbanization Mobility Silver society Connectivity through digitalization Sustainability

Shaping sustainable cities

Papieri site, Cham, Switzerland One Taikoo Place, Hong Kong SAR, China Salt Lake City International Airport, USA

Innovation and technology

BuildingMinds Schindler Ahead Schindler PORT

Business review

Megatrends and business model New business dynamics offer chances for innovation Decarbonization meets digitalization Business year 2021

Examples of major orders

Orders in Asia Pacific Orders in the Americas Orders in EMEA

Our responsibility

Sustainability governance Climate Roadmap 2022Looking forward

Reporting and transparency

Information for our shareholders

Five year overview Registered share/participation certificate Key sustainability figures Financial calendar

Financial Statements

Consolidated Financial Statements

Consolidated income statement Consolidated statement of comprehensive income Consolidated balance sheet Consolidated statement of changes in equity Consolidated cash flow statementNotes to the consolidated financial statements

1 General information 2 Basis of preparation 3 General accounting policies 4 Revenue 5 Segment reporting 6 Employees 7 Other operating expenses 8 Financial result 9 Financial instruments and risk management 10 Accounts receivable 11 Financial assets 12 Accounts payable 13 Accrued expenses 14 Financial debts 15 Contract balances 16 Inventories 17 Property, plant, and equipment 18 Leases 19 Intangible assets 20 Provisions and contingent liabilities 21 Income taxes 22 Equity and earnings per share 23 Business combinations 24 Cash flow statement 25 Related parties 26 Material Group companies

Report of the statutory auditor

Report on the audit of the consolidated financial statements

Financial Statements of Schindler Holding Ltd.

Income statement Balance sheetNotes to the financial statements

1 Business activities 2 Basis of preparation 3 Financial result 4 Financial assets 5 Prepaid and accrued expenses 6 Investments 7 Interest bearing liabilities 8 Other current liabilities 9 Equity 10 Contingent liabilities 11 Equity instruments and PSUs allocated 12 Levels of participation 13 Significant shareholders

Appropriation of available earningsReport of the statutory auditor

Report on the audit of the financial statements

Corporate Governance

1 Group structure and shareholders 2 Capital structure 3 Board of Directors and Committees of the Board 4 Group Executive Committee 5 Compensation, participations, and loans 6 Shareholders’ participation rights 7 Change of control and defensive measures 8 Auditing body 9 Information policy 10 Close periods

Compensation Report

1 Compensation governance 2 Compensation principles 3 Compensation system for the Board of Directors 4 Compensation system for the Group Executive Committee 5 Compensation for the reporting year 6 Compensation for the previous year 7 Benefits for former members of governing bodies 8 Loans and credits 9 Proposals to the General Meeting of Shareholders 2022 10 Levels of participationReport of the statutory auditor

Report on the compensation report 2021

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Notes to the financial statements