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Atlas Copco Group

Atlas Copco Group. Q2 Results Stockholm, July 19, 2001. Q2 Highlights. Operating profit up 10 percent Positive currency effect Order volume flat Good level in Europe Up in Asia and Africa Weak sales in North America Strong operating cash flow Earnings per share up 20 percent. Contents.

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Atlas Copco Group

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  1. Atlas Copco Group Q2 Results Stockholm, July 19, 2001

  2. Q2 Highlights • Operating profit up 10 percent • Positive currency effect • Order volume flat • Good level in Europe • Up in Asia and Africa • Weak sales in North America • Strong operating cash flow • Earnings per share up 20 percent www.atlascopco-group.com

  3. Contents • Market Development • Business Areas • Financials • Outlook www.atlascopco-group.com

  4. Group Total www.atlascopco-group.com

  5. Volume Growth per Quarter • Change in % vs. same Quarter previous year www.atlascopco-group.com

  6. Portion of Group Sales, % Change in %, last 3 month trend Orders received, 12 month trend Change in Local Currency ±0 June 2001 30 0 51 -1 9 +2 4 +4 4 +5 2 0 www.atlascopco-group.com

  7. 51 -1 4 +5 12 months, Portion of Group Sales, % 12 months, Change in %, last 3 month trend Q2 - The Americas June 2001 • Sales decline in many sectors • Lower growth for equipment rental • Brazil strong www.atlascopco-group.com

  8. 30 0 4 +4 12 months, Portion of Group Sales, % 12 months, Change in %, last 3 month trend Q2 - Europe and Africa/Middle East June 2001 • Sales of investment-related products and use-of-products revenues up in Europe • Good order development in Southern Africa, mainly for mining equipment www.atlascopco-group.com

  9. 9 +2 2 0 12 months, Portion of Group Sales, % 12 months, Change in %, last 3 month trend Q2 - Asia and Australia June 2001 • Strong growth in China • Japan and India flat www.atlascopco-group.com

  10. Contents • Market Development • Business Areas • Financials • Outlook www.atlascopco-group.com

  11. Volume Growth per Quarter by Business Area • Change in % vs. same Quarter previous year www.atlascopco-group.com

  12. Compressor Technique • Continued high volumes • Industrial compressors and generators strong • Gas- and process compressors weak • Growth for use-of-products revenues • New products support sales • Operating profit up 25% to record level • Acquisition of Masons www.atlascopco-group.com

  13. Construction & Mining Technique • Strong order intake • 10% operating margin • Orders from mining industry in Africa up • China and some European markets record increased sales to infrastructure projects • Use-of-products revenues increase www.atlascopco-group.com

  14. Industrial Technique • Overall volume down • Volume drop in professional electric tools • Growth for industrial tools • Profits up, margins down www.atlascopco-group.com

  15. Rental Service • Lower rental growth • Strong cash generation • Operating margins down • 7 greenfield startups, 8 stores consolidated www.atlascopco-group.com

  16. Earnings by Business Area www.atlascopco-group.com

  17. Contents • Market Development • Business Areas • Financials • Outlook www.atlascopco-group.com

  18. Income Statement www.atlascopco-group.com

  19. Balance Sheet June 30, 2001 www.atlascopco-group.com

  20. Atlas Copco Group Return on Capital Employed 12 month values 1997 1998 1999 2000 2001 Q2 www.atlascopco-group.com

  21. Cash Flow www.atlascopco-group.com

  22. Capital Expenditures in Tangible Fixed Assets Net rental fleet investment = approx. SEK 2.25 billion MSEK 12 months Quarterly 1997 1998 1999 2000 2001 Q2 www.atlascopco-group.com

  23. Contents • Market Development • Business Areas • Financials • Outlook www.atlascopco-group.com

  24. Near Term Demand Outlook Industrial and Geographical (Dotted Arrows Indicate Risk/Opportunity) July 2001 Weight by Industry Weight by Region Others 8% Asia/Australia 11% Services 6% 4% Africa/Middle East Process 13% Europe 30% Automotive 6% Manufacturing 15% South America 4% Non-building 16% North America 51% Building 28% Mining 8% Total Demand Outlook www.atlascopco-group.com

  25. The face of interaction www.atlascopco-group.com

  26. 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 effected by other factors like for example, the effect of economic conditions, exchange-rate and interest-rate movements, political risks, impact of competing products and their pricing, product development, commercialization and technological difficulties, supply disturbances, and the major customer credit losses.” www.atlascopco-group.com

  27. Contents • Market Development • Business Areas • Financials • Outlook • Additional Information www.atlascopco-group.com

  28. Orders received, Jan. - Jun. 2001Group Total MSEK 25,688 +13 30 +11 51 +13 9 +22 4 +25 4 +17 2 -6 12 months, Portion of Group Sales, % Change 2001 / 2000, % www.atlascopco-group.com

  29. Long Term Trend www.atlascopco-group.com

  30. Compressor Technique www.atlascopco-group.com

  31. Compressor Technique www.atlascopco-group.com

  32. Construction & Mining Technique www.atlascopco-group.com

  33. Construction & Mining Technique www.atlascopco-group.com

  34. Industrial Technique www.atlascopco-group.com

  35. Industrial Technique www.atlascopco-group.com

  36. Rental Service * EBIT includes MSEK 60 of restructuring cost. Adjusted profit is MSEK 818 and margin 10.8%. www.atlascopco-group.com

  37. Rental Service www.atlascopco-group.com

  38. Group Total www.atlascopco-group.com

  39. Non-recurring items www.atlascopco-group.com

  40. Group Totalexcl. non-recurring items www.atlascopco-group.com

  41. Earnings Before Interest and Taxes 12 month values % MSEK 1988 1994 1996 1998 1990 1992 2000 2001 Q2 EBIT margin excluding non-recurring items 1999 = 12.1%, 2000 = 13.8%, Q2 2001 = 13,6% www.atlascopco-group.com

  42. Taxes % MSEK 1997 1998 1999 2000 2001 Q2 www.atlascopco-group.com

  43. Inventories, Customer Receivables and Net Rental Equipment Percent of Sales 12 Month Values 1997 1998 1999 2000 2001 Q2 www.atlascopco-group.com

  44. Cash and Interest-Bearing Debt MSEK Net borrowings 10,214 Dec. 1997 10,052 Dec. 1998 19,325 Dec. 1999 22,270 Dec. 2000 23,200 Jun. 2001 www.atlascopco-group.com

  45. Earnings per Share and Dividend 1996 1997 1998 1999 2000 2001 Q2 www.atlascopco-group.com

  46. The face of interaction www.atlascopco-group.com

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