1. Atlas Copco Group
Q results
October 24, 2012

2. Q3 - highlights Good quarter despite softer market Solid profitability
Orders up 1% compared with Q3 2011
Orders for equipment weakened somewhat compared to recent quarters
Aftermarket remained on a good level
Strong cash flow
Continued strong value creation
October 24, 2012

3. Orders, revenues and operating margin
Quarterly figures
October 24, 2012

4. Q3 - figures in summary
Orders received increased to MSEK , organic growth of 1%
Revenues up 7% to MSEK , organic growth 6%
Operating profit increased to MSEK (4 800), a margin of 22.3% (23.1)
Includes items affecting comparability of MSEK +68 (+134). Adjusted operating margin at 22.0% (22.5)
Profit before tax at MSEK (4 703)
Basic earnings per share SEK 2.87 (2.96)
Operating cash flow at MSEK (2 125)
Includes divestment of financial assets of approx. MSEK 1 400
October 24, 2012

5. Orders received - local currency
100 +6 +4 29 +3 -2 20 +4 +7 22 -2 +2 12
+13
+10 10
+13 +3 7
+24
+13
September 2012
A =
Share of orders received, year-to-date, %
B =
Year-to-date vs. previous year, %
C =
Last 3 months vs. previous year, % A B C
October 24, 2012

6. Q3 - the Americas Healthy demand in North America
Orders received increased for compressors
Lower order intake for mining equipment
Small order growth year-on-year in South America
Lower order volumes sequentially for mining and rock excavation equipment 20 +4 +7 10
+13 +3
September 2012
A =
Share of orders received, year-to-date, %
B =
Year-to-date vs. previous year, %
C =
Last 3 months vs. previous year, % A B C
October 24, 2012

7. Q3 - Europe and Africa/Middle East
Orders received decreased in Europe
Negative trend in most countries
Healthy order intake for compressors
Increased order intake in Africa / Middle East
Healthy level of business for all business areas 29 +3 -2 12
+13
+10
September 2012
A =
Share of orders received, year-to-date, %
B =
Year-to-date vs. previous year, %
C =
Last 3 months vs. previous year, % A B C
October 24, 2012

8. Q3 - Asia and Australia Mixed development in Asia
Orders increased year-on-year, but decreased somewhat sequentially
Good development in South East Asia and South Korea
China orders on good level, but slightly lower than Q2
Order growth vs. Q in Australia
Orders declined sequentially 22 -2 +2 7
+24
+13
September 2012
A =
Share of orders received, year-to-date, %
B =
Year-to-date vs. previous year, %
C =
Last 3 months vs. previous year, % A B C
October 24, 2012

9. Organic* growth per quarter
Atlas Copco Group, continuing operations
Change in orders received in % vs. same quarter previous year
*Volume and price
October 24, 2012

10. Atlas Copco Group – sales bridge
October 24, 2012

11. Revenues per business area
Atlas Copco Group
Revenues per business area
Construction Technique
14%
Compressor Technique
38%
Mining and Rock Excavation Technique
37%
11%
Industrial Technique
12 months until September 2012
October 24, 2012

12. Compressor Technique Healthy level of order intake
Improvement for gas and process compressors
Growth in aftermarket
Operating margin at 24.0% (24.1)
Supported by currency
Acquisition of nitrogen and oxygen generator business
October 24, 2012

13. Industrial Technique
Weaker demand for tools and assembly systems than in recent quarters
The aftermarket continued to grow
Operating margin at 21.0% (21.9)
Negatively impacted by currency
October 24, 2012

14. Mining and Rock Excavation Technique
Lower order volumes for mining and rock excavation equipment
Strong demand for service and parts
Customers cautious in replenishing consumables inventory
Operating margin at 24.5% (25.6)
Negatively impacted by currency
October 24, 2012

15. Construction Technique
Weaker demand for equipment
Weak Europe, good North America
Healthy aftermarket
Operating margin at 11.5% (11.8)
MSEK 30 in restructuring costs in Q – adjusted margin 12.8%
Reorganization of production in Karlskrona affects 78 employees
October 24, 2012

16. Group total
July – September 2012 vs. 2011
October 24, 2012

17. Profit bridge
July – September 2012 vs. 2011
October 24, 2012

18. Profit bridge – by business area
July – September 2012 vs. 2011
October 24, 2012

19. Balance sheet
October 24, 2012

20. Cash flow
October 24, 2012

21. Near-term outlook
The overall demand for Atlas Copco’s products and services is expected to decrease somewhat.
October 24, 2012

23. October 24, 2012

24. 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 and adversely affected by other factors such as the effect of economic conditions, exchange-rate and interest-rate movements, political risks, the impact of competing products and their pricing, product development, commercialization and technological difficulties, supply disturbances, and major customer credit losses.”
October 24, 2012