APC 2001 Annual Report Download

Download and view the complete annual report

Please find the complete 2001 APC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 43

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43

Annual
Report 2001
Building a New Electric World
Schneider Electric SA

Table of contents

  • Page 1
    Schneider Electric SA Annual Report 2001 Building a New Electric World

  • Page 2
    ... 106 109 112 44 Chairman's Message Board of Directors Executive Committee Schneider Electric Management Financial Highlights Investor Information Our Markets - Our Businesses Flagship Projects in 2001 Our Vision for a New Electric World Our Mission, Our Ambition, Our Commitment NEW2004: Dedicated...

  • Page 3
    ... anticipating and satisfying customer needs. Merlin Gerin Modicon Square D Telemecanique A full lineup of products and services in our core businesses • Electrical distribution • Industrial control and automation Our Mission • Give the best of the New Electric World to everyone, everywhere...

  • Page 4
    ... position in web automation technology, offering transparent access to information, and we fully intend to widen our lead. During 2001, we entered into new partnerships with other manufacturers. Our joint subsidiary with Toshiba, Schneider Toshiba Inverter (STI), opened plants in France and...

  • Page 5
    ...2001, giving us a conservative debt-to-equity ratio of 27% at year-end. In preparation for the divestiture of our interest in Legrand, the Board of Directors decided to set aside a â,¬1.4 billion loss provision for our Legrand shares. Although the provision had a negative impact on reported earnings...

  • Page 6
    ... Purchasing Management > Corporate Divisions Strategy and Market Development Functional Divisions Laurent Vernerey Manufacturing and Logistics Patrick Bernard e.base Joël Karecki Strategy and Planning Olivier Blum NEW2004 Company Program Noël Girard Electrical Distribution Daniel Victoir...

  • Page 7
    ... Report 2001 â- Corporate Governance 4•5 Willy R. Kissling, 57 Independent non-executive Director* Chairman and Chief Executive Officer of Unaxis Corporation Board Secretary Philippe Bougon Gérard de La Martinière, 58 Executive Vice-President, Finance, Budget Control and Strategy of Group...

  • Page 8
    ...reflects the Company's exceptionally solid market positions worldwide and its strong ability to withstand less favorable business conditions, notably in North America. 30% 70% â- Electrical Distribution -0.5%* â- Industrial Control and Automation +5.6%* +1.6%** -5.9%** * change at current scope...

  • Page 9
    ... sales Europe 2001 2000 1999 (outside France) France 12.0 13.1 12.8 2001 2000 1999 14.3 14.5 14.9 North America 2001 2000 1999 International 8.0 14.0 13.8 2001 2000 1999 13.5 11.9 7.7 We achieved high operating margins in Europe (including France) and the rest of the world. In North America...

  • Page 10
    ... 0.76 11.4% 13.4% 12.6% One of the lowest debt-to-equity ratios in the industry Debt-to-equity ratio (â,¬ million) 11.2% 10.5% 8,381 2001 27% Operating income totaled â,¬1.12 billion in 2001. Although the operating margin contracted, it remained solid at 11.4%. Schneider Electric remains one...

  • Page 11
    ... 334 Net cash provided by operating activities Net capital expenditure Change in working capital Free cash flow Sales Research & Development Operating income Net income excluding provision for Legrand Net income (loss) Shareholders' equity Net debt Total non-current assets Total assets Net cash...

  • Page 12
    ...30 1.60 1.34 1.15 0.99 The payment does not give rise to a tax credit, but it is not considered as taxable income in France. Price (in euros) High Low Closing Average daily trading volume Shares outstanding at December 31 (in thousands of shares) 1997 1998 1999 2000 2001 59.15 80.65 78.00 85.80...

  • Page 13
    ...basis for financial communication and to relay shareholders' concerns to the Company. The Committee has met three times since it was created and has helped enhance relations between the Company and its individual shareholders. • Toll-free number in France w printel Building a New Electric World

  • Page 14
    ...100 ParisBourse SA index. • May 2002 Electrical Products Group of New York conference in Florida • May 27, 2002 Annual and Extraordinary Meeting of Shareholders • May 31, 2002 Dividend payment • November 22-23, 2002 Actionaria investor fair in Paris Investor information Sales and earnings...

  • Page 15
    ... shares plus a cash payment of 55. The public exchange offer led to the issue of 84,241,055 new Schneider Electric shares with a par value of 8. Potential shares at Dec. 31, 2001 (Square D convertible bonds and stock options) Average shares outstanding in 2001 (used to calculate earnings per share...

  • Page 16
    ...and operating costs • This market covers our entire product lineup in electrical supply and distribution, utilities management (lighting, air conditioning, elevators, access control, etc.), data exchange (VDI, power line carrier technology, radio), multi-site remote management for office buildings...

  • Page 17

  • Page 18
    ... Sepam 1000 MV protection unit Masterpact NT LV circuit breaker Helios Modular LV circuit breaker Osiswitch, Osiprox and Osiris Sensors, detectors, cubicles TeSys D Solution for motor starter Tego-dial Human-machine interface solution Twido Programmable Logic Controller Premium PLC platforms...

  • Page 19
    ..., motor circuit breakers, soft starters, variable speed drives, sensors, detectors, cubicles, motor control centers, operator terminals, safety modules, power supply, interfaces, relays, enclosures, assembly and wiring accessories. Switchgear and equipment from 1 to 52 kV: switches, fuses, circuit...

  • Page 20
    ...retailer uses the Internet for remote control of the stores' lighting, heating and ventilation systems. This way, building operators can control and adjust consumption in real time, creating a more comfortable environment for their customers. Spain Maximum availability for the Interxion data center...

  • Page 21
    Annual Report 2001 â- Flagship Projects in 2001 14 •15 Singapore Tuas II combined-cycle power plant Schneider Electric won contract worth more than 10 million to supply and install switchboards, low voltage equipment and transformers for the extension of the Tuas II power plant, owned by Tuas...

  • Page 22
    ...for comfort, quality power supply, safety, automation, integration and communication. > As our customers refocus on their core businesses, they are increasingly seeking customized, end-to-end solutions and high value-added services to enhance their performance. > The spread of new information and...

  • Page 23
    ... world, through our employees, partners, competencies and innovation. Be the worldwide leader in Power & Control by pushing back our limits in all aspects of our business: markets, geographic spread, technology, behavior and corporate social responsibility. We want to be the unique company capable...

  • Page 24
    ...year. Operating margin of 14%. Be more Customer Centric Be committed to Quality Be more Global Increase our People's commitment Think Innovation Develop corporate Community responsibility To find out more, contact Olivier Blum, Director of the NEW2004 Company Program [email protected]

  • Page 25
    ... such new solutions as embedded browsers, voice-data-image and power line carrier systems, e-solutions and e-services. We are also applying Internet technologies to our own operations to become even more efficient. > Our ability to develop win-win partnerships We focus on business and technical...

  • Page 26
    ... estimates, order tracking, technical support and complaints, Schneider Electric has set up call centers in 40 countries and extended its Internet services with a global e-catalog, dedicated Internet and extranet sites, and online training, diagnostics and troubleshooting. We also offer design and...

  • Page 27
    ... through any AC outlet. • The PLC Interface Module, which is designed for use by systems integrators for such functions as heating, lighting and access control. Easyplug's objective is to become the world leader in innovative solutions based on power line carrier technology, a market that is...

  • Page 28
    ...-based improvement plan initiated in 1998 has lifted the level of quality at Schneider Electric. In addition, a dedicated intranet promotes the use of statistical methods in production, including Statistical Process Control (SPC) and Failure Mode, Effects and Criticality Analysis (FMECA). In 2001...

  • Page 29
    ... between all corporate functions and the definition of specific targets and performance-tracking indicators. In 2001, all automation design, production, sales and service operations in France were certified to ISO 9001: 2000. In addition, our subsidiaries in South Africa, Brazil, Venezuela and...

  • Page 30
    ...practices and technical support for customers. One example is our global data base for answering the two million technical questions we receive from customers each year. Some 300 engineers add 500 new solutions each month to the base, which is now available to customers as part of a service contract...

  • Page 31
    ...all the countries where Schneider Electric and its customers operate. We have formed a number of global partnerships with leading OEMs. In 2001, for example, we signed an agreement with handling and logistics specialist Mannesmann covering its 520 units in 31 countries. > Responding efficiently to...

  • Page 32
    ... 400 young graduates were recruited in 2001 and 560 job offers in the different host countries were posted on the intranet. Share in the Company's results Schneider Electric uses a number of methods to give employees a personal and fair stake in the Company's achievements, including profit-linked...

  • Page 33
    Grands Records Pushing the envelope by pushing back our limits Technology-packed Geronimo is the largest racing trimaran in the world, measuring 34 meters long, 22 meters wide and more than 40 meters high.

  • Page 34
    ... Jules Verne Trophy, New York-Lizard Point, the Transpac and the Tea Route. The Grand Records challenge pits Geronimo's team members against records set by competitors and by themselves. The Jules Verne Trophy-winning skipper and crew have ranked as the fastest round-the-world racing team since 1997...

  • Page 35
    ..., finance, corporate budgeting, corporate law and inter-cultural understanding to support an operating model based on multicultural teams. The development of e-learning broadens access to training and allows employees around the world to learn more about new information technologies. In 2001...

  • Page 36
    .... New partnerships were formed in 2001 with Adroit Technologies for variable speed drives and with Électricité de France (EDF) and Institut National Polytechnique de Grenoble (INPG) for next-generation electrical distribution grids. Generate new growth opportunities Our market-based approach...

  • Page 37
    ... use. Our Senside joint venture with France Telecom allows manufacturers of complex machines to maintain permanent contact with the installed base at customer production facilities around the world. The goal is to track machine performance to optimize productivity. Senside offers secure data...

  • Page 38
    ... Electric's environmental management strategy is based on a guide of processes that use Best Available Technology. Our research and purchasing teams play an important role in this strategy. Procurement officers, for example, are trained to assess suppliers' environmental management capabilities...

  • Page 39
    ...one day's salary to buy medicine and food for the children. > Building a green house in Hong Kong > Working together Schneider Electric is partnering with UK-based Integer, a group of architects, IT specialists and environmentalists to apply green and intelligent technologies to home design and...

  • Page 40
    Building a New Electric World Find out more at www.schneider-electric.com

  • Page 41
    This Annual Report has been published by the Schneider Electric Corporate Communication Department Financial Communication Tel.: +33 (0)1 41 29 70 42 Fax: +33 (0)1 41 29 71 42 Picture credits Photographers: Yann Geoffray, Patrice Tourenne, Véronique Vedrenne Agencies: DDB nouveau monde, DPPI agence...

  • Page 42
    ... 3.3 Current ownership structure 3.4 Market for the issuer's shares 3.5 Dividends 4.1 Presentation of the Company and the Group 4.3 Claims, litigation and other exceptional events 4.4 Number of employees 4.5 Capital spending policy 5.1 Financial statements of the issuer and the Group 6.2 Directors...

  • Page 43
    Schneider Electric SA Headquarters 43-45 boulevard Franklin-Roosevelt F-92500 Rueil-Malmaison (France) Tel: +33 (0) 1 41 29 70 00 Fax: +33 (0) 1 41 29 71 00 Internet: www.schneider-electric.com Incorporated in France with issued capital of â,¬1,922,080,232 Registered in Nanterre, RCS 542 048 574 ...