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April 28, 2010 www.atlascopco.com Atlas Copco Group Q1 Results April 28, 2010.

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Presentation on theme: "April 28, 2010 www.atlascopco.com Atlas Copco Group Q1 Results April 28, 2010."— Presentation transcript:

1 April 28, Atlas Copco Group Q1 Results April 28, 2010

2 April 28, Contents  Q1 business highlights  Market development  Business areas  Financials  Outlook

3 April 28, Q1 - highlights  Strong recovery in order intake –Significant growth in most emerging markets and in mining –Record order level in Asia and South America –Positive development in North America and still weak in Europe  Sales of aftermarket products and services increased  Operating profit margin at 17.2% –Cost and efficiency measures, price and a favorable sales mix gave support  Strong operating cash flow

4 April 28, Q1 - figures in summary  22% organic order growth  Revenues of MSEK ; 3% organic decline  Operating profit at MSEK (2 172) –Operating margin of 17.2% (14.5 adjusted for restructuring) –Restructuring cost of MSEK 230 in 2009  Profit before tax at MSEK (1 794)  Basic earnings per share SEK 1.52 (1.13)  Operating cash flow MSEK (2 851)

5 April 28, Contents  Q1 business highlights  Market development  Business areas  Financials  Outlook

6 April 28, Orders received - local currency March 2010 AB A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % Group total +28% Effect of cancellations +5%, structural change +1%

7 April 28, Q1 - the Americas  Positive development in North America –Strong demand for mining equipment –Sales of industrial and construction equipment and aftermarket improved  Continued growth in South America –Good demand for all types of equipment –Order intake at record level March 2010 AB A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, %

8 April 28, Q1 - Europe and Africa/Middle East  Still weak demand in Europe –Southern Europe remained weak, while some positive development was noted in Germany and in the Nordic countries –Solid aftermarket  Some growth in Africa / Middle East –Increased order intake of mining and industrial equipment March 2010 AB A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, %

9 April 28, Q1 - Asia and Australia  Record order intake in Asia –Growth in India, China and many other markets for most types of equipment. –Negative development in Japan and South Korea.  Strong mining demand in Australia –Sales of construction equipment improved March 2010 AB A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, %

10 April 28, Organic * growth per quarter  Change in orders received in % vs. same quarter previous year Atlas Copco Group, continuing operations *Volume and price

11 April 28, Atlas Copco Group – sales bridge

12 April 28, Contents  Q1 business highlights  Market development  Business areas  Financials  Outlook

13 April 28, Atlas Copco Group Revenues, operating profit and return on capital employed (ROCE) by business area

14 April 28, Compressor Technique 14February 2, 2010,  Improved demand –10% organic order growth vs. Q –Growth drivers were emerging markets and North America –Improved demand for portable compressors from low levels  Increased aftermarket business  Operating margin at 20.6% –Positively affected by cost and efficiency measures, sales mix and price.  Acquisition of Quincy Compressor finalized –Except the Chinese operations, where approvals are expected in the second quarter

15 April 28, Compressor Technique *Volume and price

16 April 28, Construction and Mining Technique  38% organic order growth vs. Q –Strong demand from mining industry –Sales to construction customers improved from low levels with notable improvement in emerging markets and in road construction equipment –Growth in service, spare parts and consumables  Operating margin at 15.4% –Affected positively by revenue mix, price, and improved utilization in manufacturing, but negatively by currencies.

17 April 28, Construction and Mining Technique *Volume and price

18 April 28, Industrial Technique  27% organic order growth vs. Q –Record order intake in Asia. –Sales in North America increased significantly, but from low levels. –Aftermarket developed positively.  Operating profit margin at 16.4% –Lower costs thanks to restructuring measures and improved prices supported the margin.

19 April 28, Industrial Technique *Volume and price

20 April 28, Contents  Q1 business highlights  Market development  Business areas  Financials  Outlook

21 April 28, Group total 21

22 April 28, Profit bridge 22 January – March, 2010 vs 2009

23 April 28, Profit bridge – by business area 23 January – March, 2010 vs 2009

24 April 28, Balance sheet

25 April 28, Capital structure Net Debt*/EBITDA * Net Debt adjusted for the fair value of interest rate swaps

26 April 28, Atlas Copco AB’s loan maturity profile

27 April 28, Cash flow 27 * Operating cash surplus after tax in 2009 is adjusted for equity hedges in net financial items.

28 April 28, Contents  Q1 business highlights  Market development  Business areas  Financials  Outlook

29 April 28, Near-term outlook The overall demand for the Group’s products and services is expected to improve somewhat from current levels. Demand in most emerging markets is foreseen to develop favorably in all business areas. Demand in North America is expected to increase gradually, whereas Europe is expected to remain largely unchanged.

30 April 28, Committed to sustainable productivity. 30

31 31

32 April 28, 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.”


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