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Committed to sustainable productivity

Committed to sustainable productivity

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Committed to sustainable productivity

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  1. Committed to sustainable productivity Q1 2014 results April 29, 2014

  2. Atlas Copco - Q1 results 2014

  3. Q1 in brief • Stabilized order intake • Strong demand for industrial tools • Stable demand for industrial compressors – on a low level for large machines • Improved demand for construction equipment • Low but stable demand for mining equipment • Strong quarter for Edwards, the newly acquired vacuum solutions business • The service business continued to grow • Lower profit margin Atlas Copco - Q1 results 2014

  4. Q1 figures in summary • Orders received increased by 8% to MSEK 22 653, organic decline of 2% • Revenues reached MSEK 21 423, organic decline of 2% • Operating profit decreased to MSEK 3 760 (4 156) • Operating margin at 17.6% (20.5) • Negative effect primarily from lower volumes and currency • Restructuring costs of MSEK 75, adjusted operating margin 18.1% (20.8) • Profit before tax at MSEK 3 602 (4 045) • Basic earnings per share SEK 2.27 (2.46) • Operating cash flow at MSEK 1 963 (1 635) Atlas Copco - Q1 results 2014

  5. Orders received - local currency March 2014 Atlas Copco - Q1 results 2014

  6. Organic* order growth per quarter Atlas Copco Group, continuing operations * Volume and price Atlas Copco - Q1 results 2014

  7. Atlas Copco Group – sales bridge Atlas Copco - Q1 results 2014

  8. Atlas Copco Group 15% 44% 29% 12% Q1 2014 Atlas Copco - Q1 results 2014

  9. Compressor Technique • 3% organic order decline • Stable order intake for small- and medium-sized compressors • Decreased orders for large machines • Service continued to grow • North America strong • Strong quarter for Edwards • Operating margin at 20.4% (22.6) • Increased investments in the sales and service organization • Dilution from acquisitions and currency AIRnetpiping system Organic revenue growth has not been restated for 2012 and 2013 following the move of Specialty Rental from Compressor Technique to Construction Technique Atlas Copco - Q1 results 2014

  10. Industrial Technique • 13% organic order growth • Strong orders from the motor vehicle industry • Improved order intake from the general industry • Healthy growth in service • All major regions had strong development • Operating margin at 21.7% (22.3) • Supported by volume, but diluted by acquisitions and currency Electro mechanical press tool Atlas Copco - Q1 results 2014

  11. Mining and Rock Excavation Technique • 8% organic order decline • Stable demand sequentially for mining equipment • Service business unchanged, but consumables decreased somewhat • Adjusted margin at 18.3% (23.4) • Adjusted for MSEK 75 restructuring costs • Margin affected by lower volumes and dilution from currency and acquisitions • Further efficiency measures Large diameter drilling consumables Atlas Copco - Q1 results 2014

  12. Construction Technique • 4% organic order growth • Strongest growth in construction and demolition tools • Positive development for specialty rental • Solid growth in North America and Europe – decline in Asia • Operating margin stable at 12.1% (12.1), despite negative currency effects Drum cutter attachment Organic revenue growth has not been restated for 2012 and 2013 following the move of Specialty Rental from Compressor Technique to Construction Technique Atlas Copco - Q1 results 2014

  13. Group total January – March 2014 vs. 2013 Atlas Copco - Q1 results 2014

  14. Profit bridge January – March 2014 vs. 2013 Atlas Copco - Q1 results 2014

  15. Profit bridge – by business area January – March 2014 vs. 2013 Atlas Copco - Q1 results 2014

  16. Balance sheet Atlas Copco - Q1 results 2014

  17. Cash flow Atlas Copco - Q1 results 2014

  18. Near-term outlook • The overall demand for the Group’s products and services is expected to increase somewhat. • The demand from the mining industry is expected to remain at the current level, while the demand from manufacturing and construction segments is expected to increase somewhat. Atlas Copco - Q1 results 2014

  19. Atlas Copco - Q1 results 2014