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February 4, 2008, www.atlascopco.com1 Atlas Copco Group Q4 Results February 4, 2008.

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Presentation on theme: "February 4, 2008, www.atlascopco.com1 Atlas Copco Group Q4 Results February 4, 2008."— Presentation transcript:

1 February 4, 2008, Atlas Copco Group Q4 Results February 4, 2008

2 February 4, 2008, Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  2007 Summary  Outlook

3 February 4, 2008, Q4 - Highlights  Growth accelerated –High organic order growth –Double-digit in all regions  Strong development for both capital equipment and aftermarket  Excellent performance in all Business areas  Record operating profits  Increased dividend and proposed share buy-back mandate

4 February 4, 2008, Q4 - Figures in summary  Orders up 33%; 20% organic growth  Revenues up 29% to MSEK ; 18% organic growth  Operating profit up 36% to MSEK –Operating margin at record 19.2% (18.1)  Profit before tax at MSEK (2 382) –Includes MSEK 864 write-down of right to notes  Earnings per share for continuing operations SEK 1.83 (1.42), excluding non-recurring write-down  Operating cash flow, continuing operations, MSEK 926 (474)

5 February 4, 2008, Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  2007 Summary  Outlook

6 February 4, 2008, Orders received - Local currency Group total +29% YTD, +35% last 3 months (Structural change +11% YTD, +15% last 3 months) December ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

7 February 4, 2008, Q4 - The Americas  Good growth in North America –Strong demand from mining customers in Canada and Mexico –Demand from the motor vehicle industry and parts of the construction market related to housing still on a weaker level  Positive development within most customer segments in South America December 2007 A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, % ABC

8 February 4, 2008, Q4 - Europe and Africa/Middle East  Solid organic growth in Europe –Strong demand for compressed air equipment and industrial tools –Mining segment strong while construction leveled off in Western Europe –Very strong growth in Russia  High growth continues in the Africa / Middle East region –Increased demand for industrial and construction equipment in the Middle East –Strong development in mining in Southern Africa December 2007 ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

9 February 4, 2008, Q4 - Asia and Australia  Asia continues strong –Strong demand for all types of equipment in most parts of the region –Good growth in India and China  Strong demand for mining equipment in Australia December 2007 A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, % ABC

10 February 4, 2008, Organic * Growth per Quarter  Change in orders received in % vs. same quarter previous year Atlas Copco Group, continuing operations *Volume and price

11 February 4, 2008, Atlas Copco Growth – Orders received Continuing operations (excl. Professional Electric Tools and Rental Service)

12 February 4, 2008, Atlas Copco Group – Sales Bridge

13 February 4, 2008, Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  2007 Summary  Outlook

14 February 4, 2008, Atlas Copco Group Operating Profit and Return On Capital Employed (ROCE) by Business Area *excluding non-recurring write-down of RSC notes

15 February 4, 2008, Compressor Technique  Good growth in all geographic regions –Organic order growth 13% –Strong sales of both equipment and aftermarket  Operating profit at MSEK 1 886, a margin of 21.7% –Includes MSEK 37 gain from sale of rental business  New service division effective January 2008 will give increased focus to the important aftermarket 15February 4, 2008,

16 16 Compressor Technique Quarterly operating margins include Prime Energy from Q *Volume and price

17 February 4, 2008,  Very strong increase in demand from the mining segment  Organic order growth 30% –23 rd consecutive quarter with volume growth  Operating profit up 47%, margin at 17.2% –20% margin for comparable units Construction and Mining Technique

18 February 4, 2008, Construction and Mining Technique *Volume and price

19 February 4, 2008, Industrial Technique  Volume growth, both in general industry and motor vehicle industry –11% organic order growth –North America still slow for motor vehicle industry  Operating profit-margin at 22.2%, including restructuring costs  Acquisition of Japanese air tools manufacturer, strengthening presence in vehicle service market

20 February 4, 2008, Industrial Technique *Volume and price

21 February 4, 2008, Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  2007 Summary  Outlook

22 February 4, 2008, Group Total

23 February 4, 2008, Profit Bridge October – December, 2007 vs 2006 One-time items on corporate level include an accounting adjustment related to the personnel stock option program

24 February 4, 2008, Profit Bridge – by Business Area October – December, 2007 vs 2006 One-time items include a charge related to pension benefits in 2006 and a capital gain for the divestment of a rental company in Compressor Technique and restructuring costs in Industrial Technique

25 February 4, 2008, Balance Sheet

26 February 4, 2008, Capital Structure Net Debt/EBITDA

27 February 4, 2008, Cash Flow Continuing operations

28 February 4, 2008, Atlas Copco Group Earnings per Share, Dividend and Redemption * Proposed by the Board of Directors CAGR 10 yrs 12% CAGR 10 yrs 16%

29 February 4, 2008, Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  2007 Summary  Outlook

30 February 4, 2008, Figures in summary  Strong demand from most customer segments and double digit order growth in all regions  Order intake up 25%, 18% organic growth  Revenues up 25% to , 18% organic growth  Operating profit up 31% to MSEK , a record margin of 19.0% (18.2)  Profit before tax at MSEK (8 695)  Proposed dividend for 2007, SEK 3.00 (2.38) per share and a proposed share buy-back program

31 February 4, 2008, Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  2007 Summary  Outlook

32 February 4, 2008, Near-term Outlook The demand for Atlas Copco’s products and services from most customer segments and regions is expected to remain at the current high level. The positive outlook includes the main part of the construction segment, while construction related to housing is expected to remain weak, primarily in North America.

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34 February 4, 2008, 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 major customer credit losses.”


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