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Atlas Copco Group

Atlas Copco Group. Q3 2013 results October 25, 2013. Q3 in brief. Lower order intake for mining equipment I mproved demand from manufacturing and construction Strong growth for industrial tools and assembly systems Growth for construction equipment

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Atlas Copco Group

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  1. Atlas Copco Group Q3 2013 results October 25, 2013

  2. Q3 in brief • Lower order intake for mining equipment • Improved demand from manufacturing and construction • Strong growth for industrial tools and assembly systems • Growth for construction equipment • Stable orders for small- and medium-sized compressors • Low order intake for large compressors • The service business continued to develop well • Healthyprofitability • Actions to adjust capacity to the lower mining equipment demand • Strategic acquisitions • Expanding into process vacuum solutions – acquisition of Edwards • DostKompresör, PneumaticHoldings, Synatecand Archer Underbalanced Services October 25, 2013

  3. Q3 figures in summary • Orders received were MSEK 19 433, organic decline of 6% • Revenues reached MSEK 20 552, organic decline of 4% • Operating profit decreased to MSEK 4 212 (4 925) • Operating margin at 20.5% (22.3) • Underabsorption in Mining and Rock Excavation Technique and currency affected negatively • Profit before tax at MSEK 4 017 (4 737) • Basic earnings per share SEK 2.52 (2.87) • Operating cash flow at MSEK 2 404 (4 611) October 25, 2013

  4. Orders received - local currency September 2013 October 25, 2013

  5. Q3 - the Americas • North America • Good order intake for small and medium-sized industrial compressors, for industrial tools and construction equipment • Lower order intake for mining equipment and low order intake for large compressors • Healthy service business • South America • Order volumesgrew for all business areas except Mining and Rock ExcavationTechnique September 2013 October 25, 2013

  6. Q3 - Europe and Africa/Middle East • Europe • Growth for industrialtoolsand assembly systems • Compressorsnegativelyaffected by fewer orders for large installations • Lower orders for mining and rock excavationequipment • Solid growth in the U.K. • Africa / Middle East • Increased order intake, primarily due to good performance of Compressor Technique September 2013 October 25, 2013

  7. Q3 - Asia and Australia • Asia • Strong order intake for industrial tools and assembly systems • Stable orders for industrial compressors • Negative development for most other equipment • Stable demand in China • Australia • Continued weak demand from the mining industry September 2013 October 25, 2013

  8. Organic* growth per quarter Atlas Copco Group, continuing operations *Volume and price October 25, 2013

  9. Atlas Copco Group – sales bridge October 25, 2013

  10. Atlas Copco Group Revenues per business area ConstructionTechnique 14% CompressorTechnique 39% 36% Mining and Rock ExcavationTechnique 11% Industrial Technique 12 months until September 2013 October 25, 2013

  11. Compressor Technique • 4% organic order decline • Stable order intake for small- and medium-sized compressors • Lower order intake for large machines • Service continued to grow • Operating margin at 23.6% (24.0) • Acquisitions • Expanding into process vacuum solutions – Acquisition of Edwards • Dost Kompresör October 25, 2013

  12. Industrial Technique • 9% organic order growth • Strong growth in all major markets for the motor vehicle industry • Softer demand in general industry • Strong growth in Asia • Operating margin at 23.0% (21.1) • Efficiency improvements and volume • Acquisition of assembly solution expert • Synatec October 25, 2013

  13. Mining and Rock Excavation Technique • 17% organic order decline • Continued weak demand for mining equipment, cancellations of MSEK 340 • Service and consumables business remained at a good level • Operating margin at 20.8% (24.6) • Adjusted for MSEK 50 restructuring costs • Negatively affected by lower volumes • Acquisition of oil and gas service business • Archer Underbalanced Services in October • Johan Halling new Business Area President October 25, 2013

  14. Construction Technique • 3% organic order growth • Growth in both equipment and service • Growth in all major regions, except Asia • Operating margin at 10.2% (11.6) • Negatively affected by currency • Acquisition of light construction tools business • Pneumatic Holdings Inc. October 25, 2013

  15. Group total July – September 2013 vs. 2012 October 25, 2013

  16. Profit bridge July – September 2013 vs. 2012 October 25, 2013

  17. Profit bridge – by business area July – September 2013 vs. 2012 October 25, 2013

  18. Balance sheet October 25, 2013

  19. Cash flow October 25, 2013

  20. Near-term outlook The overall demand for the Group’s products and services is expected to remain at the current level. October 25, 2013

  21. October 25, 2013

  22. 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.” October 25, 2013

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