2. The SKF Group First-quarter result 2005 Tom Johnstone, President and CEO

3. 3 MSEK20052004 Net sales11 87110 689 Operating profit1 188903 Operating margin10.0%8.4% Profit before taxes1 124815 Net profit779669 Earning per share, SEK6.845.87 Cash flow*144535 * After investments before financing. First quarter 2005

4. 4 Areas in focus 2005 Performance Q1 2005 Operating margin level Maintain a positive price/mix Recovery of raw material cost increase Continued sales growth Maintain organic growth pace Acquisitions Strengthen the platform/segment offer Cash flow In line with net profit, annual basis price/mix 3.6% OK organic growth 11.9% growth by acquisitions 2.3% Ongoing MSEK 144

5. 5 Operating margin* % 20022003 2004 * excluding restructuring and impairment in Q4 2003 2005

6. 6 Operating margin per division* Industrial Service Aero and Steel Electrical Automotive % 2003 2004 * excluding restructuring and impairment in Q4 2003 2005

7. 7 Growth development / local currency 10 BSEK additional sales = 6 % annual growth rate % Y-o-Y Growth by acquisitions Organic growth 6% total growth 4% organic growth Up to March

8. 8 Inventories as % of annual sales % 2002 2003 20042005

9. 9 Cash flow * MSEK 20022003 2004 * After investments before financing. Including the acquisition price of Willy Vogel AG in the third quarter 2004. 2005

10. 10 Net sales development per quarter Q1Q2Q3Q4Q1Q2Q3Q4Q1 6.23.24.23.14.88.99.610.28.3 0.70.10.20.30.10.02.22.02.3 1.20.61.20.11.11.82.34.23.6 8.13.95.6 3.56.010.714.116.414.2 -9.3-8.6-5.5-7.4-4.6-2.3-2.9-3.8-3.2 -1.2-4.70.1-3.91.48.411.212.611.0 Percent y-o-y 2003 2004 Volume Structure Price / Mix Sales in local currency Currency Net sales 2005

11. 11 Sales in local currency % change y-o-y 20022003 20042005

12. 12 Steel Business - Ovako Overview of "NewCo" Combined steel operations of SKF, Rautaruukki and Wärtsilä Leading producer of long steel products and engineering steels Shareholding SKF 26.5%Rautaruukki 47% Wärtsilä 26.5% Proforma 2004: Targeted completion during Q2 2005  EBIT86 MEUR  18 production sites  Margin 6.7%  2 M tonnes  Net Sales 1 284 MEUR  5 200 employees

13. 13 Steel Business - Ovako Implications for SKF Supports SKF strategy to focus on front-end activities - close to customer - solutions and services Long term supply agreement - steel moves from fixed to variable cost SKF financial effect, based on 2004 proforma: - annual sales decrease by MSEK 2 000 - capital release of MSEK 300 - value of shareholding approx MSEK 900 - main ratios improve - Margin, EPS, ROCE

14. 14 April 2005: Outlook for the second quarter The market demand for SKF's products and services in the second quarter is expected to remain on a high level in Europe and North America and to continue to be significantly higher in Asia and Latin America. The manufacturing level will be maintained to ensure a good service level.

15. 15 Volume trend for the second quarter 2005 Europe 57% 20% 15% 5% North America Asia Pacific Latin America Net sales 2004 April 2005 Total Jan 2005 Note: This is the sequential development