Atlas Copco Group

1. Atlas Copco Group Q4 Results February 2, 2011

2. Q4 - highlights • Order growth continued • Record operating profit • All business areas above 20% operating margin • Investments in market organization and production capacity • Proposed dividend of 4.00 (3.00) and redemption of 5.00 per share • Totaling BSEK 11 in capital distribution • Updated goals for sustainable, profitable development February 2, 2011

3. Q4 - figures in summary • 28% organic order growth • Revenues of MSEK 19 401; 23% organic growth • Operating profit increased 64% to MSEK 4 007 • Operating margin at 20.7% (15.4) • Profit before tax at MSEK 3 920 (2 324) • Basic earnings per share SEK 2.39 (1.39) • Operating cash flow MSEK 2 529 (4 131) February 2, 2011

4. Orders received - local currency Group total +33% YTD (+31% excl. cancellations), +31% last 3 months Structural change +2% YTD, +3% last 3 months December 2010 February 2, 2011

5. Q4 - the Americas • Order intake continued to improve in North America • Demand from the mining industry particularly strong • Positive development in the manufacturing sector • Demand remained strong in South America • Stable growth in all countries and most customer segments December 2010 February 2, 2011

6. Q4 - Europe and Africa/Middle East • Strong and soft in Europe • Eastern Europe continued to recover at a good pace • Continued soft demand for construction equipment • Strong quarter in Africa / Middle East • High demand from mining customers in southern and central Africa • Good development in the Middle East December 2010 February 2, 2011

7. Q4 - Asia and Australia • Order intake remained high in Asia • Strong demand for construction and mining equipment • Good demand for small to medium sized compressed air equipment • Positive development for industrial tools • Demand from mining customers remained at a high level in Australia December 2010 February 2, 2011

8. Organic* growth per quarter Atlas Copco Group, continuing operations • Change in orders received in % vs. same quarter previous year *Volume and price February 2, 2011

9. Atlas Copco Group – sales bridge February 2, 2011

10. Atlas Copco Group Revenues, operating profit and return on capital employed (ROCE) by business area February 2, 2011

11. Compressor Technique • 21% organic order growth vs. Q4 2009 • Demand for stationary and portable compressors remained solid • Soft demand for larger units in the quarter • Continued good development in the aftermarket business • Operating margin at 23.7% (19.6) • Supported by volume, efficiency improvements, currency and price • Higher share of equipment revenues in Q4 compared to Q3 • Expansion in production capacity February 2, 2011

12. Compressor Technique *Volume and price February 2, 2011

13. Construction and Mining Technique • Strong development for both equipment and aftermarket • 39% organic order growth vs. Q4 2009 • Very strong demand from the mining industry • Large order for road development equipment in China • Record operating profit and margin • Operating margin at 20.1% (14.1), supported by volume, price and efficiency improvements • New customer center and production facility investments February 2, 2011

14. Construction and Mining Technique *Volume and price February 2, 2011

15. Industrial Technique • Good demand from all customer segments • 19% organic order growth vs. Q4 2009 • Positive development in Asia • High operating profit and margin • Operating margin at 21.9% compared to 12.9% previous year (adjusted for restructuring costs) • Positively affected by increased volumes, price and cost savings • Awarded for product design (iF design award) February 2, 2011

16. Industrial Technique *Volume and price February 2, 2011

17. Group total February 2, 2011

18. Profit bridge October – December, 2010 vs 2009 February 2, 2011

19. Profit bridge – by business area October – December, 2010 vs 2009 February 2, 2011

20. Balance sheet February 2, 2011

21. Capital structure Net Debt*/EBITDA * Net Debt adjusted for the fair value of interest rate swaps February 2, 2011

22. Cash flow February 2, 2011

23. 2010 - Highlights • Strong recovery in all business areas and all regions • Investments in market presence and production capacity – focus on emerging markets • Many new energy efficient products launched • Order intake increased 29% to MSEK 75 178 • Revenues up 10% to MSEK 69 875, a 12% organic increase • Operating profit up 53% to a record MSEK 13 915 • Record operating margin of 19.9% • Operating cash flow of MSEK 9 698 (13 761) • Proposed dividend of 4.00 (3.00) and redemption of 5.00 per share • Totaling BSEK 11 in capital distribution February 2, 2011

24. 2010 - Figures in summary Revenues and operating margin 24 February 2, 2011

25. Atlas Copco Group Earnings per Share, Dividend and Redemption * Proposed by the Board of Directors February 2, 2011

26. Near-term outlook The overall demand for the Group’s products and services is expected to increase somewhat. The demand in the emerging markets as well as from the mining industry is expected to stay strong. Some mature markets, like North America, are expected to continue the recent improvement. February 2, 2011

27. Goals for sustainable, profitable development Historic performance – average February 2, 2011

28. Goals for sustainable, profitable development * Base year 2010 ** Leadership in Energy and Environmental Design (LEED) or comparable green building criteria February 2, 2011

29. February 2, 2011

31. Cautionary Statement “Some statements herein are forward-looking and the actual outcome could be materially different. In addition to the factors explicitly commented upon, the actual outcome could be materially and adversely affected by other factors such as the effect of economic conditions, exchange-rate and interest-rate movements, political risks, the impact of competing products and their pricing, product development, commercialization and technological difficulties, supply disturbances, and major customer credit losses.” February 2, 2011