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Atlas Copco Group

Atlas Copco Group announces strong Q2 results with record orders received, revenues, and operating profits. Favorable demand in mining, manufacturing, and process industries drove organic order growth. Continued investments in global market presence and product development. New business area structure implemented.

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Atlas Copco Group

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  1. Atlas Copco Group Q2 Results July 18, 2011

  2. Q2 - highlights • Very strong organic order growth • Record orders received • Favorable demand in mining, manufacturing and process industry • Record revenues and operating profit • The operating margin was supported by increased volumes and prices, while currency effects and revenue mix affected negatively • Continued investments in global market presence and product development • New business area structure as of July 1 • Q3 report will have four business areas July 18, 2011

  3. Q2 - figures in summary • Orders received of MSEK 22 202 (19 221); 29% organic growth • Revenues of MSEK 19 951; 27% organic growth • Operating profit increased 19% to MSEK 4 177 • Operating margin at 20.9% (20.1) • Profit before tax at MSEK 4 081 (3 403) • MSEK 75 capital gain related to sale of shares in Rental Service • Basic earnings per share SEK 2.46 (2.07) • Operating cash flow MSEK 567 (2 467), affected by financial items July 18, 2011

  4. Orders received - local currency Group total +32% YTD, +30% last 3 months Structural change +2% YTD, +1% last 3 months June 2011 July 18, 2011

  5. Q2 - Americas • Strong growth in North America • Record orders received for mining equipment, compressors and industrial tools • Large mining order in Mexico • Order intake to construction customers decreased compared to the first quarter • Solid demand for most types of equipment in South America June 2011 July 18, 2011

  6. Q2 - Europe and Africa/Middle East • Overall demand improved in Europe • Positive sales development in most markets, but southern Europe remained weak • Orders received improved for most types of equipment except for construction equipment • Orders received increased in Africa / Middle East • Strong demand in southern Africa • Large compressor order in Saudi Arabia June 2011 July 18, 2011

  7. Q2 - Asia and Australia • Robust demand in Asia • Increased orders received in all markets • Fewer large orders compared with the first quarter • Continued strong growth in aftermarket • Record orders received in Australia • Continued strong demand in mining June 2011 July 18, 2011

  8. Organic* growth per quarter Atlas Copco Group, continuing operations • Change in orders received in % vs. same quarter previous year *Volume and price July 18, 2011

  9. Atlas Copco Group – sales bridge July 18, 2011

  10. Compressor Technique • Record order intake • 27% organic order growth • Solid demand for portable and industrial compressors as well as for air treatment products • Improved sales for gas and process compressors • Continued good development in the aftermarket business • Operating margin at 23.5% (23.2) • Support from higher volumes and price increases, but negative effect from currency and revenue mix • New manufacturing facility to be built in India July 18, 2011

  11. Compressor Technique *Volume and price July 18, 2011

  12. Construction and Mining Technique • 30% organic order growth • Strong demand from the mining industry • Record order in Mexico • Continued strong development for service, parts and consumables • Record operating profit • Operating margin at 20.1% (18.0) July 18, 2011

  13. Construction and Mining Technique *Volume and price July 18, 2011

  14. Industrial Technique • Record order intake • 37% organic order growth • Strong demand from all customer segments and in all major regions • Operating margin at 21.8% (18.8) • Positively affected by significantly higher volumes and increased prices, but partly offset by currency July 18, 2011

  15. Industrial Technique *Volume and price July 18, 2011

  16. Group total July 18, 2011

  17. Profit bridge April – June 2011 vs 2010 July 18, 2011

  18. Profit bridge – by business area April – June 2011 vs 2010 July 18, 2011

  19. Balance sheet July 18, 2011

  20. Capital structure Net Debt*/EBITDA * Net Debt adjusted for the fair value of interest rate swaps July 18, 2011

  21. Cash flow July 18, 2011

  22. Near-term outlook The overall demand for the Group’s products and services is expected to remain on the current high level. July 18, 2011

  23. July 18, 2011

  24. Committed to sustainable productivity The Atlas Copco Group, July 2011 Pro forma figures for the new business area structure

  25. Four business areas 26

  26. Organization Board of Directors President and CEO Executive Group Management and corporate functions CompressorTechnique IndustrialTechnique Mining and Rock Excavation Technique ConstructionTechnique Oil-free Air Industrial Air Specialty Rental Gas and Process Compressor Technique Service Airtec Atlas Copco Tools and Assembly SystemsMotor Vehicle Industry Atlas Copco Toolsand Assembly Systems General Industry Chicago Pneumatic Tools Tooltec Underground RockExcavation Surface DrillingEquipment Drilling Solutions Secoroc Geotechnical Drillingand Exploration Mining and Rock Excavation TechniqueService Rocktec Construction Tools Road Construction Equipment Portable Energy ConstructionTechnique Service Customer centers and service providers Atlas Copco Group Presentation 2011

  27. Atlas Copco Group Revenues per business area ConstructionTechnique 16% CompressorTechnique 43% 32% Mining and Rock ExcavationTechnique 9% Industrial Technique Pro forma 2010.

  28. Compressor Technique NorthAmerica Rental Others Construction 16% 6% 8% 8% 30% Asia/Australia Services SouthAmerica 11% Aftermarket Equipment 8% Mining 35% 59% 5% Africa/MiddleEast 11% 40% 35% 28% Process Europe Manufacturing Pro forma 2010.

  29. Industrial Technique Asia/Australia NorthAmerica Construction Other 2% 12% Services 21% 25% 2% Africa/MiddleEast Process 2% Aftermarket Equipment 2% 26% 74% SouthAmerica 5% 47% 82% Europe Manufacturing Reported 2010.

  30. Mining and Rock Excavation Technique NorthAmerica Asia/Australia Others 3% 21% Services 1% Consumables 28% Construction 26% Equipment 36% 37% SouthAmerica 14% Africa/MiddleEast 15% 60% 22% Mining Aftermarket, incl. rental 37% Europe Pro forma 2010.

  31. Construction Technique NorthAmerica 10% Others Aftermarket 11% 27% Asia/Australia SouthAmerica Services 15% 4% 19% Equipment 81% Mining 11% Process Africa/MiddleEast 2% 11% 9% 37% Manufacturing 63% Europe Construction Pro forma 2010.

  32. 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.” July 18, 2011

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