1. SKF First-quarter results 2014 Tom Johnstone, President and CEO 15 April 2014

2. © SKF Group 15 April 2014 Highlights Q1 2014 Examples of new business Hindustan Aeronautics Ltd, India: customized bearings for helicopter transmission and main rotor Bell Helicopter Textron Inc.,USA: elastomeric bearings Turbogaz, Ukraina: magnetic bearings SCA, BillerudKorsnäs, Vattenfall, Sweden: condition monitoring solutions Geely Automobile, China: transmission seals Volkswagen, Germany: energy efficient tapered roller and ball bearings One of the largest cement producersmajor service contract in Latin America: Slide 2 Examples of new products: Extended range of infrared thermometers

3. © SKF Group 15 April 2014 Awards received in Q1 2014 Customer awards Technical Cooperation Award, Goldwind Supplier of the Year Award, Varian Medical Systems Volvo Cars Quality Excellence (VQE) Award Excellent Supplier Award, Geely Excellent Quality Supplier Award, Hino Motors Supplier of the Year Award, General Motors Slide 3 Golden Mousetrap Awards Best Product of the Year for Electronics & Test, Editors of Design News

4. © SKF Group 15 April 2014 SKF Group – Q1 2014 Slide 4 Financial performance20142013 Net sales, SEKm16,73415,152 Operating profit, SEKm2,0241,480 Operating margin, %12.19.8 Operating margin excl. one-time items, %11.4 Profit before tax, SEKm1,7871,237 Cash flow after investments before financing, SEKm-259-892 Cash flow from operations, SEKm314403 Organic sales growth in local currency: SKF Group:5.8%Europe:4% Strategic Industries:6.5%North America:3% Regional Sales and Service:3.0%Asia:11% Automotive:8.1%Latin America:4% Key points Sales volumes up by 6.2% y-o-y Manufacturing higher compared to last year

5. © SKF Group 15 April 2014 Organic sales growth in local currency Slide 5 % change y-o-y 201220132014

6. © SKF Group 15 April 2014 Organic sales growth in local currency Slide 6 % y-o-y Structure in 2012: 0.4% Structure in 2013: 2.5% Structure in 2014: 4.7% -2.5% -0.7% 5.8%

7. © SKF Group 15 April 2014 Growth development by geography Organic growth in local currency Q1 2014 vs Q1 2013 Slide 7 Europe 4% Asia/Pacific 11% Middle East & Africa 21% Latin America 4% North America 3%

8. © SKF Group 15 April 2014 Components in net sales Slide 8 201220132014 Percent y-o-y Q1Q2Q3Q4Q1Q2Q3Q4Q1 Volume-0.8-2.8-5.0-5.9-8.7-1.62.27.16.2 Structure-0.10.00.81.01.52.61.14.84.7 Price/mix1.92.00.50.7 -0.6-0.2 -0.4 Sales in local currency 1.0-0.8-3.7-4.2-6.50.43.111.710.5 Currency0.43.6-2.7-3.6-4.0-5.0-2.2-2.1-0.1 Net sales1.42.8-6.4-7.8-10.5-4.60.99.610.4

9. © SKF Group 15 April 2014 Operating profit as reported Slide 9 SEKm 201220132014

10. © SKF Group 15 April 2014 Operating profit excluding one-time items Slide 10 SEKm 201220132014

11. © SKF Group 15 April 2014 Operating margin Slide 11 % 5.8 11.3 12.0* 11.9* One-time items * Excluding one-time items 12.1 11.4*

12. © SKF Group 15 April 2014 Slide 12 Regional Sales and Service Specialty Business Automotive % 201220132014 Excluding one-time items (eg. restructuring, impairments, capital gains) Operating margin per business area Strategic Industries

13. © SKF Group 15 April 2014 Net working capital as % of annual sales Slide 13 % 201220132014

14. © SKF Group 15 April 2014 Return on capital employed Slide 14 % 14.6* 7.5 8.4 16.2 17.1* 15.1* One-time items * Excluding one-time items ROCE: Operating profit plus interest income, as a percentage of twelve months rolling average of total assets less the average of non-interest bearing liabilities.

15. © SKF Group 15 April 2014 Cash flow, after investments before financing Slide 15 SEKm 201220132014 Excl. acquisitions and divestments:*Q3 2012SEK 1,707 million **Q1 2013SEK -69 million ***Q3 2013SEK 871 million ****Q4 2013SEK 1,170 million ****

16. © SKF Group 15 April 2014 Net debt Slide 16 SEKm 201220132014 AB SKF, dividend paid (SEKm) : 2012 Q22,504 2013 Q22,530 Cash out from acquisitions (SEKm) : 2012 Q3829 2013 Q1823 2013 Q47,900 Net debt:Loans and net provisions for post-employment benefits less short-term financial assets excluding derivatives.

17. © SKF Group 15 April 2014 Debt structure, maturity years Slide 17 Available credit facilities: EUR 500 million 2017 SEK 3,000 million 2016 SEK 3,000 million 2017 No financial covenants nor material adverse change clause 200 100 110 500 850

18. © SKF Group 15 April 2014 First quarter 2014 Slide 18 SEKm 20142013 Net sales16,73415,152 Operating profit2,0241,480 Operating margin, %12.19.8 Operating margin excl. one-time items %11.4 Profit before taxes1,7871,237 Net profit1,275818 Basic earnings per share, SEK2.721.74 Cash flow, after investments before financing-259-892 Cash flow from operations314403

19. © SKF Group 15 April 2014 April 2014: SKF demand outlook Q2 2014 Slide 19 Demand compared to the second quarter 2013 The demand for SKF’s products and services is expected to be slightly higher for the Group, North America and Asia. It is expected to be relatively unchanged for Europe and slightly lower for Latin America. For Strategic Industries and Automotive it is expected to be slightly higher and for Regional Sales and Service relatively unchanged. Demand compared to the first quarter 2014 The demand for SKF’s products and services is expected to be slightly higher for the Group, for North America and Asia. It is expected to be relatively unchanged for Latin America. For Strategic Industries and Automotive it is expected to be slightly higher and for Regional Sales and Service relatively unchanged. Manufacturing Manufacturing is expected to be higher year over year and slightly higher compared to the first quarter.

20. © SKF Group 15 April 2014 SKF demand outlook Q2 2014, main regions Share of net sales 2013 Europe42% Asia Pacific24% North America24% Latin America7% Total Q2 2014 vs Q2 2013 +/- + + - + Slide 20 Sequential trend for Q2 2014

21. © SKF Group 15 April 2014 SKF demand outlook Q2 2014, main business areas Share of net sales 2013 Strategic Industries 29% Regional Sales and Service 39% Automotive27% Total Q2 2014 vs Q2 2013 + +/- + + Slide 21 Sequential trend for Q2 2014

22. © SKF Group 15 April 2014 SKF sequential volume trend Q2 2014, Industries Slide 22 5%Energy 14%Cars and light vehicles 11%Vehicle service market 6%Aerospace 4%Railway 2%Two-wheelers and Electrical 29%Industrial distribution 13%Industrial, heavy, special and off-highway 11%Industrial, general 5%Trucks Share of net sales 2013

23. © SKF Group 15 April 2014 Guidance for the second quarter 2014* Slide 23 Tax level: around 30% Financial net for the second quarter: Around SEK -230 million Currency impact on operating profit versus 2013 Q2: SEK -125 million Full year: SEK -350 million Additions to PPE: Around SEK 1.6 billion for 2014 * Guidance is approximate and based on current assumptions and exchange rates.

24. © SKF Group 15 April 2014 SKF’s priorities Slide 24 Sustainable profitable growth Expand the platform concept Exploit the asset life cycle approach Develop new products and grow SKF BeyondZero portfolio Extend and grow second brands Acquisitions Investments & Innovation New and existing facilities Research and development IT systems and mobility Cost reduction Business Excellence Consolidation of manufacturing Optimization and productivity improvements Reduction in purchasing costs Capital efficiency Fixed capital Net working capital

25. © SKF Group 15 April 2014 Cautionary statement Slide 25 This presentation contains forward-looking statements that are based on the current expectations of the management of SKF. Although management believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those implied in the forward-looking statements as a result of, among other factors, changes in economic, market and competitive conditions, changes in the regulatory environment and other government actions, fluctuations in exchange rates and other factors mentioned in SKF's latest annual report (available on www.skf.com) under the Administration Report; “Important factors influencing the financial results", "Financial risks" and "Sensitivity analysis”.