Schaffner : Annual Report of 30.09.2022

Annual Report 2021/22

Contents

Profile	4
At a glance	5
Key financials	6
Management report
To our shareholders	8
Business model and strategy	12
Divisions	14
Information for investors	18
Corporate governance
Basis of the corporate governance report	21
Governance-related events	21
in fiscal year 2021/22
Group structure and significant shareholders	22
Capital structure	25
Board of Directors	29
Executive Committee	38
Compensation, shareholdings and loans	41
Shareholders' participation rights	42
Change-of-control clauses and	45
takeover defenses
Auditors	45
Communication policy	47
Blackout periods for trading	48

Compensation report

Introduction	51
Guiding principles	51
Responsibility and procedures for	52
determining compensation
Compensation system for	53
the Board of Directors
Compensation system for	54
the Executive Committee
Compensation of the members of the	57
Board of Directors and Executive Committee
for fiscal year 2021/22
Benefits to former members of management	59
Related parties	59
Report of the statutory auditor on the	60
compensation report

Financial report

Consolidated financial statements of	62
the Schaffner Group
Notes to the consolidated	66
financial statements
Report of the statutory auditor on the	90
consolidated financial statements
Company financial statements of	94
Schaffner Holding AG
Notes to the company financial statements	96
Report of the statutory auditor on the	106
company financial statements
Addresses	108

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Schaffner - MORE POWER TO YOU

The Schaffner Group is a global leader in EMC filter solutions for high-potential industrial markets and electromobility. The Group's portfolio includes EMC filters, electromagnetic components, power quality filters and the related services. Schaffner products protect power electronic systems against inter­ ference from the electricity grid in industrial applications such as machinery and robotics, in medical technology, building-systems engineering and electrical infrastructure. In electric and hybrid vehicles, Schaffner EMC filters prevent electromagnetic interference in the on-board power electronics and ensure reliable operation. For the automobile industry, Schaffner also develops and manufactures antennas for keyless authentication systems. Headquartered in Switzerland, the Schaffner Group serves its customers through its own engineering, manufacturing, sales and application centers, with presence in Asia, Europe and North America.

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At a glance

Order intake	Net sales
174.3	158.2
in CHF million	in CHF million
EBIT
15.4	9.7%
in CHF million	of net sales
Net profit
12.6	8.0%
in CHF million	of net sales
ROCE1	Equity ratio
24.4%	57.8%
1Return on capital employed.	of total assets

5 Annual report 2021/22