1. April 24, 2008, www.atlascopco.com1 Atlas Copco Group Q1 Results April 24, 2008

2. April 24, 2008, www.atlascopco.com2 Contents  Q1 Business Highlights  Market Development  Business Areas  Financials  Outlook

3. April 24, 2008, www.atlascopco.com3 Q1 - Highlights  Solid growth continues over strong comparison period –24 th consecutive quarter of organic growth –Contribution from all regions and business areas  Emerging markets well over 40% of orders received  Strong profit increase despite currency headwind –Two percentage-point effect on the operating margin

4. April 24, 2008, www.atlascopco.com4 Q1 - Figures in summary  Orders up 21%; 11% organic growth  Revenues up 28% to MSEK 17 122; 18% organic growth  Operating profit up 28% to MSEK 3 248 –Operating margin at 19.0% (19.0)  Profit before tax at MSEK 3 026 (2 477)  Earnings per share for continuing operations SEK 1.79 (1.45)  Operating cash flow MSEK 900 (845)

5. April 24, 2008, www.atlascopco.com5 Contents  Q1 Business Highlights  Market Development  Business Areas  Financials  Outlook

6. April 24, 2008, www.atlascopco.com6 Orders received - Local currency Group total +24% YTD Structural change +13% March 2008 A =Portion of sales, last 12 months, % B =Year-to-date vs. prev. year, % 42+26 17+18 10+19 8+29 19+30 AB 4+7

7. April 24, 2008, www.atlascopco.com7 Q1 - The Americas  Strong performance in North America –Increased activity in US coal mining generating strong order intake –Improvement in demand from previously slow motor vehicle industry –Continued weakness in parts of the construction segment  Sustained high growth rate in South America March 2008 A =Portion of sales, last 12 months, % B =Year-to-date vs. prev. year, % AB 19+30 8+29

8. April 24, 2008, www.atlascopco.com8 Q1 - Europe and Africa/Middle East  Good development in Europe –Very high growth rates in Eastern Europe –Good demand from manufacturing industries –Mining segment strong, while construction related to housing continued to slow down in Western Europe  Solid growth in the Africa / Middle East region –Good demand for construction equipment in Northern Africa and the Middle East March 2008 A =Portion of sales, last 12 months, % B =Year-to-date vs. prev. year, % AB 42+26 10+19

9. April 24, 2008, www.atlascopco.com9 Q1 - Asia and Australia  Stable, high growth in Asia –Strong demand for both equipment and aftermarket products –India and China remain strong markets, while Japan slows down  Continued strength in Australian mining March 2008 A =Portion of sales, last 12 months, % B =Year-to-date vs. prev. year, % AB 17+18 4+7

10. April 24, 2008, www.atlascopco.com10 Organic * Growth per Quarter  Change in orders received in % vs. same quarter previous year Atlas Copco Group, continuing operations *Volume and price

11. April 24, 2008, www.atlascopco.com11 Atlas Copco Group – Sales Bridge

12. April 24, 2008, www.atlascopco.com12 Contents  Q1 Business Highlights  Market Development  Business Areas  Financials  Outlook

13. April 24, 2008, www.atlascopco.com13 Atlas Copco Group Operating Profit and Return On Capital Employed (ROCE) by Business Area *excluding write-down of RSC notes

14. April 24, 2008, www.atlascopco.com14 Compressor Technique 14April 24, 2008, www.atlascopco.com  Continued growth –Organic order growth 12% excluding Gas and Process business –Good growth in all regions –Strong sales of both equipment and aftermarket  Operating profit at MSEK 1 643, a margin of 20.4% –Heavy negative impact of currencies –Price increases offset increased material costs

15. April 24, 2008, www.atlascopco.com15 Compressor Technique Quarterly operating margins include Prime Energy from Q1 2006. *Volume and price

16. April 24, 2008, www.atlascopco.com16  Organic order growth 14% –Continued strong demand from mining industry –Housing related construction demand slower in some countries  Operating profit up 37%, margin at 17.0% –Margin negatively affected by currency changes –Dynapac margin at 9.6%, excluding restructuring costs Construction and Mining Technique

17. April 24, 2008, www.atlascopco.com17 Construction and Mining Technique *Volume and price

18. April 24, 2008, www.atlascopco.com18 Industrial Technique  Strong organic growth –9% in orders –14% in revenues  Motor vehicle industry showing good growth  Operating profit margin at 22.6%

19. April 24, 2008, www.atlascopco.com19 Industrial Technique *Volume and price

20. April 24, 2008, www.atlascopco.com20 Contents  Q1 Business Highlights  Market Development  Business Areas  Financials  Outlook

21. April 24, 2008, www.atlascopco.com21 Group Total 1) Excluding write-down of RSC notes 2) Including discontinued operations

22. April 24, 2008, www.atlascopco.com22 Profit Bridge January – March, 2008 vs 2007

23. April 24, 2008, www.atlascopco.com23 Profit Bridge – by Business Area January - March, 2008 vs 2007 One-time items include a capital gain for the divestment of a rental company in Compressor Technique and restructuring costs in Construction and Mining Technique

24. April 24, 2008, www.atlascopco.com24 Balance Sheet

25. April 24, 2008, www.atlascopco.com25 Capital Structure Net Debt/EBITDA

26. April 24, 2008, www.atlascopco.com26 Cash Flow Continuing operations

27. April 24, 2008, www.atlascopco.com27 Contents  Q1 Business Highlights  Market Development  Business Areas  Financials  Outlook

28. April 24, 2008, www.atlascopco.com28 Near-term Outlook The demand for Atlas Copco’s products and services from most customer segments and regions is expected to remain at a high level. The positive outlook includes the main part of the construction segment, while certain sectors, primarily related to housing is expected to remain weak in North America and parts of Europe.

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30. April 24, 2008, www.atlascopco.com30 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.”