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Annual Report 2024

Annual Report 2024

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Annual Report 2024

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Table of contents for the Annual Report 2024 report

Milestones Statement of the Board of Directors About Schindler Business modelSustainability

Materiality assessment The Sustainability Roadmap 2030

150 years Schindler Business driversEnhancing the quality of urban living

Aarau, Switzerland New York, USA Mumbai and Pune, India Singapore

Innovation and technology

Modular elevator platform BuildingMinds

Business review

Driving mass connectivity Our new standardized modular elevator platform Business year 2024

Examples of major orders

Orders in Asia-Pacific Orders in the Americas Orders in EMEA

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 Disposal of subsidiary 25 Cash flow statement 26 Related parties 27 Event after the balance sheet date 28 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 Change in presentation 4 Financial result 5 Financial assets 6 Investments 7 Interest bearing liabilities 8 Other current liabilities 9 Equity 10 Contingent liabilities 11 Equity instruments and PSUs allocated 12 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 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 2025 10 Levels of participation 11 External mandatesReport of the statutory auditor

Report on the audit of the compensation report

Nonfinancial Report

1 Corporate overview 2 Main risks arising from Schindler’s own business operations, the supply chain, and products and services 3 Addressing the main risks and due diligence 4 Key figures and performance indicators 5 About this report GRI content index TCFD / Swiss Ordinance on Climate Disclosures content indexIndependent practitioner’slimited assurance report

Scope and subject matter Criteria Inherent limitations Management’s responsibility Independence and quality management Practitioner’s responsibility Summary of the work performed Conclusion Intended users and purpose of the report

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Driving mass connectivity

By the end of 2024, more than 35% of Schindler’s maintenance portfolio was connected to the cloud. This cloud-based connectivity enables remote monitoring and issue resolution through advanced algorithms, resulting in higher uptime, quicker detection of potential malfunctions, fewer physical visits, and an enhanced customer experience.