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February 1, 2007 www.atlascopco.com1 Atlas Copco Group Q4 Results February 1, 2007.

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Presentation on theme: "February 1, 2007 www.atlascopco.com1 Atlas Copco Group Q4 Results February 1, 2007."— Presentation transcript:

1 February 1, Atlas Copco Group Q4 Results February 1, 2007

2 February 1, Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  Capital Distribution  2006 Summary  Outlook

3 February 1, Q4 - Highlights  Continuous efforts to strengthen market presence and penetration pay off –Double digit growth in all regions  Record results  Significant capital distribution –18.4 million B-shares repurchased in Q for BSEK 3.8 –Proposed dividend and share redemption of BSEK 27.3  SEK per share  Completion of the equipment rental business divestment –Total gain of MSEK 7 789

4 February 1, Q4 - Figures in summary  Organic order growth 21%  Revenues up 13% to MSEK , 18% organic growth  Operating profit up 15% to MSEK 2 464, a margin of 18.1% (17.9) –Includes one time charge of MSEK 83 related to pension provisions  Profit before tax at MSEK (2 097), a margin of 17.5% (17.5)  Profit for the period of MSEK (2 182) –from continuing operations MSEK (1 535) –from discontinued operations MSEK (647)

5 February 1, Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  Capital Distribution  2006 Summary  Outlook

6 February 1, Orders received - Local currency Group total +23% YTD, + 24% last 3 months (Structural change +3% YTD, +3% last 3 months) December 2006 ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

7 February 1, Q4 - The Americas  Continued strong demand from most customer segments in North America –Manufacturing industry investments at good level –Solid demand for mining and construction equipment in the region  Improvement in South America –Investments in mining, construction and compressed air equipment particularly strong December 2006 ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

8 February 1, Q4 - Europe and Africa/Middle East  Healthy growth in Europe –Continued strong growth for all types of compressed air equipment –Solid demand from the construction and mining industries –Strong growth for industrial tools to general industry but slow demand from the motor vehicle industry –Russia continued to grow rapidly  Strong growth in the Africa / Middle East region –Significant order increase for construction and industrial equipment in the Middle East December 2006 ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

9 February 1, Q4 - Asia and Australia  High growth in Asia –Strong development in all major markets –Large compressor orders in China, on top of already strong underlying growth  Significant growth for mining in Australia December 2006 ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

10 February 1, Volume Growth per Quarter  Change in orders received in % vs. same Quarter previous year Atlas Copco Group, continuing operations

11 February 1, Atlas Copco Growth – Orders received Atlas Copco Group, excl. Professional Electric Tools and Rental Service

12 February 1, Atlas Copco Group – Sales Bridge

13 February 1, Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  Capital Distribution  2006 Summary  Outlook

14 February 1, Atlas Copco Group Operating Profit and Return On Capital Employed (ROCE) by Business Areas

15 February 1, Compressor Technique  Very strong order growth in all markets –Organic order growth 25% –Increased market presence and penetration support equipment and aftermarket growth –Several large orders won in the gas and process business  Operating profit up 12%. –Margin at 21%, excluding one-time pension provision  Prime Energy part of the Compressor Technique business area as of January 1, 2007 –New Specialty Rental Division

16 February 1, Compressor Technique

17 February 1,  Continued strong demand, particularly in mining  Organic order growth 26% –19th consecutive quarter with volume growth  Operating profit up 23%. –Record margin at 16.6%  Launch of new range of small hydraulic breakers Construction and Mining Technique

18 February 1, Construction and Mining Technique

19 February 1, Industrial Technique  Strong growth within general industry  Weaker demand from the motor vehicle industry  Significant increase of the aftermarket business  Strategic acquisition in the vehicle service business  Record operating margin

20 February 1, Industrial Technique

21 February 1, Rental Service  Result of discontinued operations –Operating results, net of tax1 324 –Effect of discontinued depreciation, IFRS 889 –Capital gain6 900 –Profit from discontinued operations, net of tax9 113  Continuing operations in 2006 –Revenues MSEK 757 –Operating profit MSEK 252, margin 33,3% –Prime Energy and Prime Mexico will be integrated into the rental operations in the Compressor Technique business area on January 1,

22 February 1, Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  Capital Distribution  2006 Summary  Outlook

23 February 1, Group Total

24 February 1, Balance Sheet

25 February 1, Cash Flow Including discontinued operations

26 February 1, Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  Capital Distribution  2006 Summary  Outlook

27 February 1, Capital Distribution  Substantial increase in Group profits in the last 3 years  Very strong financial position already before RSC divestment  Substantial cash proceeds from RSC divestment  Reduced operating risk after RSC divestment Background

28 February 1, Atlas Copco Group Basic earnings per share, dividend and redemption * Proposed by the Board of Directors

29 February 1, Dividend and Redemption * Proposed by the Board of Directors

30 February 1, Redemption Procedure  Split 3:1  2 new ordinary shares  1 new redemption share –Redeemed automatically for SEK 40 2 new shares (A or B) 1 share (A or B) 1 new redemption share Example: Based on Board proposal SEK 40

31 February 1, Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  Capital Distribution  2006 Summary  Outlook

32 February 1, Full Year Summary  Strong demand from most customer segments, double digit order growth in all regions, and improved market positions  Order intake up 23%, up 18% in volume  Revenues up 20% to MSEK , up 15% in volume  Operating profit up 33% to MSEK 9 203, a margin of 18.2% (16.4)  Profit before tax at MSEK (6 863), a margin of 17.2% (16.3)  Significant capital distribution proposed

33 February 1, Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  Capital Distribution  2006 Summary  Outlook

34 February 1, Near-term Outlook The demand for Atlas Copco’s products and services, from most customer segments such as mining, construction, and the manufacturing and process industries, is expected to remain at the current high level.

35 35

36 February 1, 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.”


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