2010Annual Report - Schneider Electric CZ, s.r.o.

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10 KEY FIGURES 2010 Earnings per share (in euros) 5.95 06 6.78 07 7.02 08 3.32 09 6.59 Ownership structure at December 31, 2010 4.2% CDC Group 8.2% Capital Research & Management Co. (1) (1) To the best knowledge of the Company. 10 2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC Dividend per share (in euros) 3.00 06 3.30 07 3.45 08 2.05 09 3.20* * Recommended for shareholder approval at the Annual Meeting of April 21, 2011 for payment on May 4, 2011. Change in the share price against the CAC 40 index over five years Schneider Electric share (Source: Reuters) 140 120 100 75.35 80 60 40 20 0 Dec. 31, 2005 Dec. 31, 2006 Dec. 31, 2007 Dec. 31, 2008 Dec. 31, 2009 Dec. 31, 2010 Share price in euros 84.10 4.1% Employees 1.7% Treasury shares 92.68 81.8% Public 53.00 81.78 112.00 8000 7000 6000 5000 4000 3000 2000 1000 0 10 Schneider Electric share CAC 40 index CAC 40 index
2010 in brief Growth and acquisitions Acquisition of Areva Distribution On January 20, Schneider Electric and Alstom announced the signature of an agreement with Areva for the acquisition of Areva Transmission & Distribution (T&D). This agreement comes as a result of the exclusive negotiations that started on November 30, 2009 and after the completion of the consultation of the relevant employee representatives. On March 26, the European Commission approved the proposed acquisition by Schneider Electric and Alstom of Areva’s T&D business. On June 7, Alstom and Schneider Electric fi nalised the acquisition of the transmission and distribution business of Areva after obtaining the approvals of the relevant competition authorities and the French Commission des Participations et des Transferts (CPT). The consortium agreement signed in November 2009 sets out the transfer of the Transmission business (about two thirds of the total) to Alstom and of the Distribution business (about one third) to Schneider Electric, as well as the ways under which they will be managed. The agreement allows both acquirers to immediately assume separate operational responsibility of each of these businesses. Alstom and Schneider Electric will also develop cooperation between the Transmission and Distribution businesses, via commercial and license agreements. R&D agreements will be put in place for the development of innovating technologies to the benefi t of both companies. On May 28 and as part of the overall process of acquisition of Areva T&D, Schneider Electric and Alstom announced a mandatory tender offer to acquire 20% of the share capital of Areva T&D India Ltd, in accordance with Indian Takeover regulations and subject to receipt of necessary Indian regulatory approvals. On December 3, Alstom and Schneider Electric announced the closing of the mandatory tender offer on Areva T&D India Ltd, providing both groups with operational control of the company. On July 6, Schneider Electric and Alstom signed with the European Metalworkers’ Federation a European agreement regarding the social commitments made in the framework of the joint acquisition of Areva T&D. The agreement refl ects the strong commitments of the two industrial Groups on the integration of Areva T&D’s employees, to provide them with a professional future and better prospects to develop their long-term potential. Automation and Control On January 21, 2010, Schneider Electric acquired Cimac,the leading systems integrator for industrial automation solutions in the Middle East Gulf region with more than 400 employees and sales in excess of EUR40 million. The acquisition will allow Schneider Electric to capture new opportunities in the fast-growing automation market in UAE and across the Gulf countries while offering geographical complementaries in other Middle East countries. On April 13, 2010 Schneider Electric announced the signature of an agreement to acquire SCADAgroup, an Australian based leading provider of telemetry products and solutions for the water and waste-water, oil & gas and electric power end-market segments. 2010 IN BRIEF SCADAgroup employs more than 500 staff and its full year sales amounted to AUD102 million (about EUR68million) for the fi scal year ending in June 2010. With SCADAgroup, Schneider Electric acquires technologies and product offers to be pushed through its channels, and execution and service capabilities that are complementary to its own in these segments. Building security On March 5, 2010 Schneider Electric announced the signature of an agreement with Zicom Electronic Security Systems Limited for the acquisition in India of its electronic security systems integration businesses, namely its Building Solutions Group and Special Projects Group. The business recorded revenues of approx. EUR30 million in fi scal 2009 and has a headcount of about 200. By combining Schneider Electric’s complete solution offerings, including Pelco’s world leading video security offers, with the strong execution capabilities, deep market knowledge and impressive customer reach of Zicom, the Group expects to attain leadership in India for fully integrated building management systems. Medium Voltage On October 20, 2010 Schneider Electric announced the signature of an agreement to acquire 50% of Electroshield - TM Samara, the leader in medium voltage products and solutions in Russia, with key positions in oil & gas, power generation and electrointensive industries. The Group employs 7,000 staff and it is expected to generate revenues in excess of RUB17.0 billion (about EUR425 million) for 2010. With this acquisition, Schneider Electric will strengthen its position in Russia in terms of customer reach, local industrial footprint, research & development capabilities and technical design competencies. Besides, the Group will attain the number one position in the fast growing Russian medium voltage market and further consolidate its global leadership position in this fi eld. Critical Power & Cooling On November 23, 2010 Schneider Electric announced the signature of an agreement to acquire Unifl air S.p.A., the world number 3 manufacturer of in-room precision cooling systems and modular access fl oors primarily for data centers and telecommunications applications. The company employs approximately 500 staff and is expected to generate revenues in excess of EUR80 million for 2010. With this acquisition, Schneider Electric will broaden its product portfolio and be in a position to offer customers a complete range of cooling products and solutions. It will also reinforce its regional capabilities, global research & development and mechanical cooling expertise. 2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 11
Page 1 and 2: 2010 Annual Report Schneider Electr
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Page 5 and 6: A signifi cant improvement in profi
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Page 17 and 18: 1 Description of the Group, and its
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Page 21 and 22: DESCRIPTION OF THE GROUP, AND ITS S
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4 BUSINESS REVIEW 148 2010 REGISTRA
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5 CONSOLIDATED FINANCIAL STATEMENTS
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288 PERSONS RESPONSIBLE FOR THE REG
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Schneider Electric SA Headquarters:
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