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sdreport.schneider-electric.com

Registration Document 2015

Financial and Sustainable Development

Annual Report Access to energy in Nigeria

and everywhere: Everyone deserves a seat at the table.

Message from Jean-Pascal Tricoire 2

Interview with Emmanuel Babeau 4

Leadership

team 5

Key Figures

2015
7

2015 in brief 10

Overview of the Group"s strategy,

markets and businesses 13

1. Group strategy and market opportunities 14

2. Businesses, end-markets and customer channels 19

3. Ambitious long-term financial targets

for attractive shareholder returns 24

4. Company history and development 25

5. Research & Development 28

6. Organizational simplicity and efficiency 33

7. Risk Factors 37

Sustainable development 45

1. Sustainable development at the heart of our strategy 46

2. Green and responsible growth driving economic

performance 58

3. Schneider Electric"s commitment

to environmental performance 68

4. Committed to and on behalf of employees 78

5. Schneider Electric, an eco-citizen company 93

6. Methodology and audit of indicators 104

7. Indicators 112

Corporate Governance

AFR 125

1. The board of directors** 127

2. Organizational and operating procedures

of the board of directors** 139

3. Board activities** 142

4. Board committees (composition, operating

procedures and activities)** 144

5. Senior Management 149

6. Declarations concerning the situation of the

members of the administrative, supervisory or management bodies 150

7. Interests and compensation of Group Senior

Management** 151

8. Regulated agreements and commitments 165

9. Internal control and risk management** 167

10. Application of the AFEP/MEDEF corporate

governance guidelines** 175

Business review

AFR 177

1. Trends in Schneider Electric"s core markets 178

2. Review of the consolidated financial statements 180

3. Review of the parent company financial statements 186

4. Review of subsidiaries 186

5. Outlook 186

Consolidated financial statements

at December 31, 2015 AFR 187

1. Consolidated statement of income 188

2. Consolidated statement of cash flows 190

3. Consolidated balance sheet 191

4. Consolidated statement of changes in equity 193

5. Notes to the consolidated financial statements 194

6. Statutory auditors" report on the consolidated

financial statements 249

Parent company financial

statements AFR 251

1. Balance sheet 252

2. Statement of income 254

3. Notes to the financial statements 255

4. Statutory auditors" report on the annual

financial statements 266

5. List of securities held at December 31, 2015 267

6. Subsidiaries and affiliates 268

7. The company"s financial

results over the last five years 270

Information on the company

and its capital AFR 271

1. General information on the company 272

2. Shareholders" rights and obligations** 273

3. Capital 275

4. Ownership structure 279

5. Employee incentive plans - Employee shareholding 280

6. Shares and stock option plans 281

7. Disclosure of information required in accordance

with article L. 225-100-3 of the French Commercial

Code (

Code de commerce

)** 287

8. Stock market data 287

9. Investor relations 289

Annual Shareholders" Meeting

AFR 291

1. Report of the board of directors to the Combined

Annual and Extraordinary Shareholders" Meeting 292

2. Report of the Vice-chairman independent lead

director of the board of directors (for the period

January-December 2015) 306

3. Exhibits to the board of directors" report : internal

regulations of the board and charter of the Vice

Chairman Lead Independent Director 307

4. Special report from statutory auditors 314

5. Draft resolutions 320

Persons responsible for

the registration document and audit of the financial statements 327 Persons responsible for the registration document 327

Persons responsible for the audit

of the financial statements 328 4 6 7 8 3 Annual Financial Report elements are clearly identified in this table of contents with the sign AFR ** This section constitutes the Chairman"s report to the board of directors 2 1 5

FinancialCalendar

Investor relations

April 25, 2016Shareholders" Annual Meeting (Paris)

Mai 9, 2016Dividend payment

Financial releases

February 17, 20162015 Annual Results

April 21, 2016

Q1 2016 Sales

July 28, 2016Half Year Results

October

27, 2016Q3 2016 Sales

This document was printed in France by an Imprim"Vert -certi“ ed printing company on a PEFC" certi“ ed site. The recyclable, chlorine-free paper is produced using pulp from forests managed according to sustainable environmental, economic and social principles.

Investors Relations:

Anthony Song

Tel. +33 (0)1 41 39 60 84

Fax +33 (0)1 41 29 71 42

Press Contact:

Véronique Roquet Montegon

Tel. +33 (0)1 41 29 70 76

Fax +33 (0)1 41 29 88 14

www.schneider-electric.com

SCHNEIDER ELECTRIC TV

tv.schneider-electric.com (http://tv.schneider -electric.com/site /schneidertv/ index.cfm)

FACEBOOK

SchneiderElectric

(https://www.facebook.com/

SchneiderElectric)

INSTAGRAM

SchneiderElectric

(https://www.instagram.com/ schneiderelectric)

LINKEDIN

linkedin.com/company/ schneider-electric (https://www.linkedin.com/ company/schneider -electric)

TWITTER

@SchneiderElec (https://twitter.com/

SchneiderElec)

INTERNET

www.schneider-electric.com

YOUTUBE

SchneiderCorporate

(https://www.youtube.com/ user/Schneider

Corporate)

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC1

2015
Annual Financial and Sustainable Develop ment Report

Registration Document

This Registration Document was “ led with the Autorité des Marchés Financiers (AMF) on March 17 ,

2016, in compliance with article 212-13 of the AMF"s general regulations. The issuer prepared this

document and the signatories are responsible for the information herein. It may not be used in connection with any “ nancial transactions unless it is accompanied by an

Offering Circular approved by the AMF.

All of Schneider Electric"s regulated information is available on the corporate website at www.schneider-electric.com, Finance section. The Business and Sustainable Development Report is available at www.schneider-electric.com, Sustainable Development and Foundation section.

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC2

MESSAGE FROM JEAN-PASCAL TRICOIRE

CHAIRMAN AND CEO

Message from Jean-Pascal Tricoire

CHAIRMAN AND CEO

Successes in a challenging environment

In 2015, we continued to demonstrate the robustness of our business model and delivered record high revenues and pro“ t in a challenging environment complicated by the slowdown in China, and instability of several markets, catalyzed by the fall of oil and raw material prices. Nevertheless, our revenue reached a new level of EUR26.6 billion, a 6.8% increase. Our adjusted EBITA was EUR3.6 billion, up 5%, our adjusted net pro“ t was up by 6%, and we delivered strong growth in cash " ow up by 20%. Our Buildings & Partner and IT businesses strengthened their global leadership and deliver solid results both in growth and pro“ tability. Infrastructure business is turning the corner; improving its pro“ tability by 50 bps. Industry is on track to recover its margin and shows a signi“ cant improvement in H2 despite headwinds from oil and gas and the impact of China nuclear ramp down. In line with our commitments to our shareholders, we invested EUR0.6 billion on share buybacks in 2015, and propose to accelerate this program to a cumulated total of EUR1.5 billion over

2015-2016, and will propose a progressive dividend of EUR2 per

share, an increase of 4%. Our global footprint and balanced exposure to four markets continue to be a strong resilience asset: Western Europe resumes growth; New Economies outside China are up by 4%, as well as U.S. construction markets. Our growth initiatives are well executed, achieving good results in a dif“ cult market: Services and Industrial software deliver growth higher than group average across all businesses, respectively up by +7% for revenues and +6% in orders . The 2 nd year of Invensys integration is a success . We con“ rm complementarities and synergies with our Industry and Infrastructure businesses. We have strengthened our leadership position in operation management software with franchise like Wonderware, Advantis, SimSci, Oasis, Citec and StruxureWare. All synergies delivering are on track. The success of this integration demonstrates our capability to bring on board new entities and drive value from acquisitions.

2015 is also a year in which we strengthen the foundations of our

businesses. We focus by disposing of several non-core assets such as Juno, Telvent Global Services, the IT service of Telvent and Telvent Transportation, to focus on our core businesses and optimize our portfolio.

Update:

Schneider is On

-Customers at the center

2015 marked the “ rst year of our

Schneider Is On

program. We are glad to see a solid start with strong execution. We progress along the 5 axis bringing 5 bene“ ts for our customers: Do more; Simplify;

Digitize; Innovate and Step up.

Within " Do More », our Services revenues went up by 7%; Orders from industrial software grew by 6%; Project hit rate & gross margin at booking improved; Gross Margin deviation between booking and during execution reduced. Our " Simplify » initiative delivers industrial productivity of circa EUR 0.36 billion and gross Support Function Cost savings of circa EUR 0.3 billion, so approximately EUR700 million cost cutting in a year. We plan to further increase our efforts on Support Fonction costs optimization as we recently upgraded our target to

EUR600 million over the period 2015 - 2017.

Within the " Digitize » initiative: We released our new company website which offers a new customer experience. In 201 5, the number of connected offers has increased by 45% and we are dedicated to bringing connectivity to a whole new level in 2016. Within our Innovate initiative: We invest 5% of our revenue (EUR1.3 billion) into R&D and successfully launched many new offers aligned with our value proposition across businesses. We are being recognized as a clear technology leader by industry analysts covering our markets including Gartner, IDC, ARC, Navigant and Verdantix, in “ elds such as Advanced Distribution Management Systems (ADMS), Building Energy Management Software and Microgrid Controls. We are gaining recognition in innovative projects and design through numerous awards such as UX Award for intuitive design, which provides high clarity and fault tolerance to improve the user experience and increase ef“ ciency in industrial production and strengthen our unique position of delivering the convergence of IT and OT integrated. Finally, the Step Up initiative focusses on building talent and fostering employee engagement. We were recognized i n diversityquotesdbs_dbs45.pdfusesText_45

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