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The SKF Group

The SKF Group. Tom Johnstone President and CEO. Programme – 11 May 2010. 08:45 Welcome and introduction Tom Johnstone President and CEO 09:00 SKF in Asia Rakesh Makhija President, SKF Asia 09:15 Automotive overview Tryggve Sthen President, Automotive Division 09:30 Summing up and Q & A

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The SKF Group

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  1. The SKF Group Tom Johnstone President and CEO

  2. Programme – 11 May 2010 08:45 Welcome and introduction Tom Johnstone President and CEO 09:00 SKF in Asia Rakesh Makhija President, SKF Asia 09:15 Automotive overview Tryggve Sthen President, Automotive Division 09:30 Summing up and Q & A 10:10 Global Technical Centre China Christopher Ancona Manager, GTCC 10:25 Preparation/information for the factory tour Richard Mh Yang Factory manager 10:35 Factory tour and lunch 12:00 Depart from SKF to Volvo

  3. Key points, Q1 report • Strong operating profit and margin • SEK 1,702 m versus SEK 768 m previous year • 11.8% versus 5.2% previous year • Production levels increasedduring the quarter • Significantly higher year over year. • Sales in local currency: • Industrial Division: -12.1% Service Division: +8.2% Automotive Division: +26.2% • Negative price/mix influenced by higher automotive sales versus industrial market. • Improving demand outlook for Q2 • Significantly higher compared to Q2 2009 • Slightly higher sequentially compared to Q1 2010 • Manufacturing level • Significantly higher year over year • Higher compared to average Q1 2010

  4. Highlights 2010 • Inauguration of two new factories in India: • - The Haridwar factory will manufacture deep groove ball bearings and primarily • serve the two-wheeler market and the vehicle service market in India. Total • investment: around SEK 250 million. • - The Ahmedabad factory will manufacture medium to large size bearings of • various types to serve customer segments such as wind energy and heavy • industries. Total investment: around SEK 450 million. • A programme was concluded in March for adjusting the manufacturing capacity in Gothenburg, Sweden. The total cost of these activities is around SEK 90 million and the benefit of these actions will be around SEK 50 million per year. • The ninth SKF Solution Factory was inaugurated in Houston, USA Photos

  5. Volume trends(based on current assumptions)

  6. Sequential volume trend main segments Q2 2010(based on current assumptions) Net sales 2009

  7. Volume trends, Divisions(based on current assumptions)

  8. Key focus areas ahead 2010 • Profit and cash flow • Adjustment of manufacturing output to new demand levels • Growing segments and geographies • Strengthening the platform/segment approach • Competence development SKF Care and Six Sigma as guiding lights

  9. Asia in percent of Group 2000 2009 2000 2009 2000 2009

  10. Asia in percent of Group 2000 2009 2000 2009 2000 2009

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