1. Atlas Copco Group Q4 Results February 14, 2002

2. Page 2 February 14, 2002www.atlascopco-group.com Contents  Q4 Highlights and strategic moves  Market Development  Business Areas  Financials  2001 Summary  Outlook

3. Page 3 February 14, 2002www.atlascopco-group.com Q4 Highlights  Weakening demand - order volumes down 5%  Declining rental revenues affect Group profits  Adjusted operating margin 11.8% (14.4)  Profit after financial items MSEK 1,054 after restructuring charge of MSEK 200  Record operating cash flow of MSEK 1,863  Proposed dividend SEK 5.50 (5.25)

4. Page 4 February 14, 2002www.atlascopco-group.com Strategic moves  Strategic moves  Acquisitions to support growth - Grassair, Holland, CT (Q4) - Krupp, Germany, CMT - MAI, Austria, CMT - Liutech, China, CT  Rationalization of manufacturing structure in Milwaukee and in India

5. Page 5 February 14, 2002www.atlascopco-group.com Contents  Q4 Highlights and strategic moves  Market Development  Business Areas  Financials  2001 Summary  Outlook

6. Page 6 February 14, 2002www.atlascopco-group.com Group Total

7. Page 7 February 14, 2002www.atlascopco-group.com  Change in orders received in % vs. same Quarter previous year Volume Growth per Quarter

8. Page 8 February 14, 2002www.atlascopco-group.com -251 -24 +42 30 4 09 Orders received, 12 month trend Change in Local Currency -1 Portion of Group Sales, % Change in %, last 3 month trend December 2001

9. Page 9 February 14, 2002www.atlascopco-group.com -251 -24 12 months, Portion of Group Sales, % 12 months, Change in %, last 3 month trend December 2001 Q4 - The Americas  Weak demand in North America  Non-residential building decline sharply, affecting equipment rental  Weak demand for investment related goods  Stabilization of demand for professional electric tools  South America  Weak trend in Brazil  Good demand from Chile’s mining industry

10. Page 10 February 14, 2002www.atlascopco-group.com 30 4 12 months, Portion of Group Sales, % 12 months, Change in %, last 3 month trend Q4 - Europe and Africa/Middle East  Trend break in Europe  Slowdown for investment-related products  Weak construction segments affect demand for standard products  Growth in Northern and Eastern Europe  Africa/Middle East  Healthy level of demand  Less bulk orders than Q4 2000 December 2001

11. Page 11 February 14, 2002www.atlascopco-group.com +42 09 Q4 - Asia and Australia  Mixed picture in Asia  Continued strong growth in China  Positive signs in South Korea  Weak development in Japan 12 months, Portion of Group Sales, % 12 months, Change in %, last 3 month trend December 2001

12. Page 12 February 14, 2002www.atlascopco-group.com Contents  Q4 Highlights and strategic moves  Market Development  Business Areas  Financials  2001 Summary  Outlook

13. Page 13 February 14, 2002www.atlascopco-group.com Volume Growth Compressor Technique  Change in orders received vs. same quarter previous year, %

14. Page 14 February 14, 2002www.atlascopco-group.com Compressor Technique  New products and improved market penetration mitigate negative demand trend  Order volumes decline 4 percent  Good level in Europe  Low demand in the Americas  Continued strong growth in China  Operating margin remain high  Acquisition growth  Grassair in December, 2001  Liuzhou, China in 2002

15. Page 15 February 14, 2002www.atlascopco-group.com Volume Growth Rental Service  Change in orders received vs. same quarter previous year, %

16. Page 16 February 14, 2002www.atlascopco-group.com Rental Service  Decline in revenues due to:  Deteriorating demand - Weak non-residential building segment - Low activity in manufacturing industry  Loss of market presence  Profit margin heavily affected by 15 % drop in rental revenue  Store consolidation program finalized  One-time cost of MSEK 100  Continued strong cash generation

17. Page 17 February 14, 2002www.atlascopco-group.com Volume Growth Industrial Technique  Change in orders received vs. same quarter previous year, %

18. Page 18 February 14, 2002www.atlascopco-group.com Industrial Technique  Order volume decrease slightly  Weakening demand for industrial tools to general industry  Good order level to automotive sector  Improvement for professional electric tools in the U.S.  Restructuring in Milwaukee  MSEK 100 one-time cost

19. Page 19 February 14, 2002www.atlascopco-group.com Volume Growth Construction & Mining Technique  Change in orders received vs. same quarter previous year, %

20. Page 20 February 14, 2002www.atlascopco-group.com Construction & Mining Technique  Improved profit margin  in spite of revenue decline  Revenues from use-of-products continued to increase  Lower demand for large investment- related equipment  only few large construction projects  no prospecting or development of existing mines  Acquisition agreements signed  Krupp, demolition equipment, in January  MAI, rock bolts, in February

21. Page 21 February 14, 2002www.atlascopco-group.com Contents  Q4 Highlights and strategic moves  Market Development  Business Areas  Financials  2001 Summary  Outlook

22. Page 22 February 14, 2002www.atlascopco-group.com Income Statement

23. Page 23 February 14, 2002www.atlascopco-group.com MSEK 2001 Operating profit, before items affecting comparability6,390 in % of revenue12.5% capitalization of development cost (IAS in 2002)~ 300 Pro-forma operating profit ~ 6,690 in % of revenue13.1% Income Statement Pro-forma (accounting changes)

24. Page 24 February 14, 2002www.atlascopco-group.com Balance Sheet December 31, 2001

25. Page 25 February 14, 2002 Capital Structure Net Debt/Equity

26. Page 26 February 14, 2002www.atlascopco-group.com Atlas Copco Group Return on Capital Employed 12 month values 19971998199920002001

27. Page 27 February 14, 2002www.atlascopco-group.com Cash Flow

28. Page 28 February 14, 2002www.atlascopco-group.com Contents  Q4 Highlights and strategic moves  Market Development  Business Areas  Financials  2001 Summary  Outlook

29. Page 29 February 14, 2002www.atlascopco-group.com Gunnar Brock President and CEO - July 1

30. Page 30 February 14, 2002www.atlascopco-group.com Freek Nijdam Rental Service - February 28

31. Page 31 February 14, 2002www.atlascopco-group.com Björn Rosengren Construction and Mining - March 1

32. Page 32 February 14, 2002www.atlascopco-group.com 2001 Summary Good accomplishment by the Group  Tough business conditions resulted in only marginally lower volumes  Record earnings per share and cash flow  Board is proposing increased dividend for the 8th consecutive year

33. Page 33 February 14, 2002www.atlascopco-group.com Earnings per Share and Dividend *Proposed by the Board of Directors *

34. Page 34 February 14, 2002www.atlascopco-group.com Contents  Q4 Highlights and strategic moves  Market Development  Business Areas  Financials  2001 Summary  Outlook

35. Page 35 February 14, 2002www.atlascopco-group.com Outlook The current overall decline in demand is foreseen to continue in the near-term. As a consequence, lower volumes and profitability are anticipated in the first quarter, primarily in the equipment rental business. There are some indications of an improved business environment in North America, which could positively affect demand in the latter part of the year.

36. Page 36 February 14, 2002www.atlascopco-group.com The face of interaction

37. Page 37 February 14, 2002www.atlascopco-group.com 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.”

38. Page 38 February 14, 2002www.atlascopco-group.com Contents  Q4 Highlights and strategic moves  Market Development  Business Areas  Financials  2001 Summary  Outlook  Additional Information

39. Page 39 February 14, 2002www.atlascopco-group.com Orders received, Jan. - Dec. 2001 Group Total MSEK 50,916 +9 12 months, Portion of Group Sales, % Change 2001 / 2000, % +751 +114 +42 +1130 +164 +119

40. Page 40 February 14, 2002www.atlascopco-group.com Long Term Trend

41. Page 41 February 14, 2002www.atlascopco-group.com Compressor Technique

42. Page 42 February 14, 2002www.atlascopco-group.com Compressor Technique

43. Page 43 February 14, 2002www.atlascopco-group.com Construction & Mining Technique

44. Page 44 February 14, 2002www.atlascopco-group.com Construction & Mining Technique

45. Page 45 February 14, 2002www.atlascopco-group.com Industrial Technique

46. Page 46 February 14, 2002www.atlascopco-group.com Industrial Technique

47. Page 47 February 14, 2002www.atlascopco-group.com Rental Service

48. Page 48 February 14, 2002www.atlascopco-group.com Rental Service

49. Page 49 February 14, 2002www.atlascopco-group.com Group Total

50. Page 50 February 14, 2002www.atlascopco-group.com Items Affecting Comparability

51. Page 51 February 14, 2002www.atlascopco-group.com Group Total excl. items affecting comparability

52. Page 52 February 14, 2002www.atlascopco-group.com Earnings by Business Area excl. items affecting comparability

53. Page 53 February 14, 2002www.atlascopco-group.com Earnings Before Interest and Taxes MSEK % 1988 19901992 199419961998 2000 12 month values EBIT margin excluding items affecting comparability 1999 = 12.1%, 2000 = 13.8%, 2001 = 12.5% 2001

54. Page 54 February 14, 2002www.atlascopco-group.com Taxes MSEK % 19971998199920002001

55. Page 55 February 14, 2002www.atlascopco-group.com Inventories, Customer Receivables and Net Rental Equipment Percent of Sales 12 Month Values 19971998199920002001

56. Page 56 February 14, 2002www.atlascopco-group.com Net rental fleet investment = MSEK 606 Capital Expenditures in Tangible Fixed Assets 19971998199920002001 MSEK Quarterly 12 months

57. Page 57 February 14, 2002www.atlascopco-group.com Cash and Interest-Bearing Debt 10,214 Dec. 1997 10,052 Dec. 1998 19,325 Dec. 1999 22,270 Dec. 2000 Net borrowings 20,078 Dec. 2001 MSEK

58. Page 58 February 14, 2002www.atlascopco-group.com Earnings per Share and Dividend 19961997199819992000 2001 *Proposed by the Board of Directors *

59. Page 59 February 14, 2002www.atlascopco-group.com The face of interaction