July 16, 2007, Atlas Copco Group Q2 Results July 16, 2007

July 16, 2007, Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook

July 16, 2007, Q2 - Highlights  Strong growth in equipment and aftermarket sales –Double-digit growth in all regions –Organic order growth 17%  Operating profit exceeds BSEK 3 for the first time  Completion of capital restructuring –Distribution to shareholders of BSEK 27  ABAC and Dynapac acquisitions finalized  Investments for increased capacity

July 16, 2007, Q2 - Figures in summary  Revenues up 28% to MSEK –20% organic growth  Operating profit up 30% to MSEK –Operating margin at record 19.0% (18.8)  Profit before tax at MSEK (2 200) –Including capital gain of MSEK 134  Profit from continuing operations up 53% to MSEK –Earnings per share continuing operations SEK 1.94 (1.23)  Operating cash flow, continuing operations, MSEK (964)

July 16, 2007, Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook

July 16, 2007, Orders received - Local currency Group total +27% YTD, +27% last 3 months (Structural change +7% YTD, +10% last 3 months) June ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

July 16, 2007, Q2 - The Americas  Solid growth in North America –Good demand from most customer segments within mining, process, and manufacturing industries –Demand from the motor vehicle industry still on the weak side  Strong demand continues from all customer segments in South America June 2007 A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, % ABC

July 16, 2007, Q2 - Europe and Africa/Middle East  Positive development in Europe –Healthy demand from manufacturing and process industries –Very strong demand from most customer segments in Eastern Europe  Continued good demand in the Africa / Middle East region –Very strong increase in sales of mining equipment in Africa June 2007 ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

July 16, 2007, Q2 - Asia and Australia  Asia continues to deliver strong growth –Good demand for industrial equipment in most major markets, particularly in China –Solid growth for construction and mining equipment  Demand from most customer segments remained strong in Australia June 2007 A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, % ABC

July 16, 2007, Volume Growth per Quarter  Change in orders received in % vs. same Quarter previous year Atlas Copco Group, continuing operations

July 16, 2007, Atlas Copco Group – Sales Bridge

July 16, 2007, Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook

July 16, 2007, Atlas Copco Group Operating Profit and Return On Capital Employed (ROCE) by Business Area *including discontinued operations

July 16, 2007, Compressor Technique  Strong growth for both equipment and aftermarket sales –Organic order growth 20% –Double-digit growth in all regions  Record operating profit –Margin affected negatively by recent acquisitions, comparable units above 21% margin  ABAC acquisition finalized on April 2

July 16, 2007, Compressor Technique Quarterly operating margins include Prime Energy from Q

July 16, 2007,  Solid demand from both mining and construction industry  Organic order growth 16% –21 st consecutive quarter with volume growth  Operating profit up 56% –Margin at record level, 17.9% –Comparable units 18.5%  Dynapac acquisition finalized on May 31 Construction and Mining Technique

July 16, 2007, Dynapac  Consolidated as from June 1  Revenues increased 7% in the first 6 months of the year  Operating profit contribution of MSEK 65 in June –Almost no amortization of intangibles as Dynapac brand name is deemed to have indefinite useful life and is not amortized  Synergy projects under way Expanding presence in the road development market

July 16, 2007, Construction and Mining Technique

July 16, 2007, Industrial Technique  Strong order growth in general industry offset by weakness in motor vehicle industry  2% organic order growth in total  High operating profit and margin at 22.9%  New generation of the Tensor tool introduced

July 16, 2007, Industrial Technique

July 16, 2007, Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook

July 16, 2007, Group Total

July 16, 2007, Balance Sheet

July 16, 2007, Capital Structure Net Debt/EBITDA

July 16, 2007, Cash Flow Continuing operations

July 16, 2007, Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook

July 16, 2007, 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.

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July 16, 2007, 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.”