1. Atlas Copco Group
Q results
April 27, 2012
April 27, 2012

2. Q1 - highlights Record order intake
Demand remained at a high level
Several important orders won in the mining and the automotive businesses
Strong growth in aftermarket
Healthy growth in the United States and sequential improvement in China
Continued investments in market presence and innovation
Continued strong value creation
Revenue growth, solid profit generation and positive cash flow
April 27, 2012
April 27, 2012

3. Q1 - figures in summary
Orders received of MSEK (21 675), 10% organic growth
Revenues of MSEK (18 223), 17% organic growth
Operating profit increased by 15% to MSEK (3 987)
Operating margin 20.7% (21.9)
Negative effects from revenue mix, acquisitions and long-term incentive programs
Positive effects from revenue growth, prices and currency
Profit before tax at MSEK (4 056)
Previous year, MSEK 151 capital gain related to sale of shares in RSC Holdings
Basic earnings per share SEK 2.81 (2.48)
Operating cash flow at MSEK (2 026)
April 27, 2012
April 27, 2012

4. Orders received - local currency
Group total +13% YTD
Structural change +3% YTD 28
+11 19 +9 20
-10 13
+51 11
+25 9
+41
March 2012
A =
Share of orders received, year-to-date, %
B =
Year-to-date vs. previous year, % A B
April 27, 2012

5. Q1 - the Americas Strong demand in North America
Record order intake
Strong growth in the United States and Canada
Order intake from the manufacturing industry developed positively
Sales of construction equipment improved
Record orders received in South America
Very strong demand from the mining industry 19 +9 11
+25
March 2012
A =
Share of orders received, year-to-date, %
B =
Year-to-date vs. previous year, % A B
April 27, 2012

6. Q1 - Europe and Africa/Middle East
Orders received increased in Europe
Highest growth in Russia and Germany
Favorable development for industrial tools and assembly systems for the motor vehicle industry
Strong growth in Africa / Middle East
Important orders won for mining equipment and compressed air equipment 28
+11 13
+51
March 2012
A =
Share of orders received, year-to-date, %
B =
Year-to-date vs. previous year, % A B
April 27, 2012

7. Q1 - Asia and Australia Orders received increased sequentially in Asia
Lower compared to record order intake last year
Robust underlying demand for mining and industrial equipment
Sequential improvement in China
Road construction demand remained weak
Record orders received in Australia
Continued strong demand in mining 20
-10 9
+41
March 2012
A =
Share of orders received, year-to-date, %
B =
Year-to-date vs. previous year, % A B
April 27, 2012

8. Organic* growth per quarter
Atlas Copco Group, continuing operations
Change in orders received in % vs. same quarter previous year
*Volume and price
April 27, 2012

9. Atlas Copco Group – sales bridge
April 27, 2012
April 27, 2012

10. Revenues per business area
Atlas Copco Group
Revenues per business area
Construction Technique
15%
Compressor Technique
39%
Mining and Rock Excavation Technique
36%
10%
Industrial Technique
12 months until March 2012
April 27, 2012
April 27, 2012

11. Compressor Technique Record order intake
5% organic order growth
Significant increase in orders for gas and process compressors
Demand for standard industrial compressors remained healthy
Operating margin at 22.1% (24.3)
Impacted primarily by revenue mix
Acquisitions in USA and China finalized
April 27, 2012
April 27, 2012

12. Industrial Technique Record order intake
10% organic order growth
Strong demand from the motor vehicle industry in all major regions
Positive development of the aftermarket
Record revenues and operating profit
Operating margin at 24.0% (22.7)
Awards for innovation and marketing
April 27, 2012
April 27, 2012

13. Mining and Rock Excavation Technique
Record order intake
Continued strong activity in mining
22% organic order growth
Strong growth in aftermarket
Record revenues and operating profit
Operating margin at 24.6% (23.6)
Three acquisitions finalized in the quarter
April 27, 2012
April 27, 2012

14. Construction Technique
Orders received -4%, organically
Orders received increased in North America and Africa/Middle East
Favorable development for portable compressors and generators
Weak demand for road construction equipment in China
Operating margin was 10.7%
Affected by lower production volumes, Increased investments in R&D and establishment of new customer centers
April 27, 2012
April 27, 2012

15. Group total January – March 2012 vs. 2011 April 27, 2012

16. Profit bridge January – March 2012 vs. 2011 April 27, 2012

17. Profit bridge – by business area
January – March 2012 vs. 2011
April 27, 2012
April 27, 2012

18. Balance sheet
April 27, 2012
April 27, 2012

19. Atlas Copco AB’s loan maturity profile
+ 7-year back-up facility (undrawn) of BSEK 6.39 maturing 2017
April 27, 2012

20. Cash flow
April 27, 2012
April 27, 2012

21. Near-term outlook
The overall demand for Atlas Copco’s products and services is expected to remain at the current high level.
April 27, 2012
April 27, 2012

22. April 27, 2012

23. April 27, 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.”
April 27, 2012