1. July 18, 2008, www.atlascopco.com1 Atlas Copco Group Q2 Results July 18, 2008

2. July 18, 2008, www.atlascopco.com2 Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook

3. July 18, 2008, www.atlascopco.com3 Q2 - Highlights  Continued strong order growth –Across all business areas and regions –Particularly strong growth in emerging markets and the mining industry  Record operating profit and margin despite negative currency effect –Price increases and efficiency gains offset component cost increases

4. July 18, 2008, www.atlascopco.com4 Q2 - Figures in summary  Orders up 18%; 18% organic growth  Revenues up 18% to MSEK 18 884; 15% organic growth  Operating profit up 20% to MSEK 3 630 –Operating margin at 19.2% (19.0)  Profit before tax at MSEK 3 354 (3 215) –Capital gain of MSEK 134 in previous year  Earnings per share for continuing operations SEK 2.01 (1.94)  Operating cash flow MSEK 396 (1 232) –Large interest and tax payments and increased investments affected cash flow negatively in the period

5. July 18, 2008, www.atlascopco.com5 Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook

6. July 18, 2008, www.atlascopco.com6 Orders received - Local currency Group total +24% YTD, +23% last 3 months (Structural change +9% YTD, +5% last 3 months) June 2008 A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % 18+19+10 40+17+9 11+44+72 18+22+27 5+30+54 8+38+47 ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

7. July 18, 2008, www.atlascopco.com7 Q2 - The Americas  Mixed development in North America –Very strong demand from mining continued –Somewhat lower demand from general industries related to consumer goods, while other industry segments remain healthy –Demand for light construction equipment continued to weaken  Accelerated growth in South America June 2008 ABC 8+38+47 18+19+10 A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

8. July 18, 2008, www.atlascopco.com8 Q2 - Europe and Africa/Middle East  Strong in the East – mixed in the West –Mining particularly strong in Eastern Europe –Low activity in residential construction and signs of softer demand from consumer goods related industries in Western Europe  Significant growth in the Africa / Middle East region –Very strong construction industry demand in Middle East/Northern Africa and very strong mining activity in Southern Africa June 2008 ABC 40+17+9 11+44+72 A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

9. July 18, 2008, www.atlascopco.com9 Q2 - Asia and Australia  High and steady growth in Asia –All countries and customer segments contributed to the strong development  The demand from the mining industry continued on an exceptionally high level in Australia June 2008 A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, % ABC 18+22+27 5+30+54

10. July 18, 2008, www.atlascopco.com10 Organic * Growth per Quarter  Change in orders received in % vs. same quarter previous year Atlas Copco Group, continuing operations *Volume and price

11. July 18, 2008, www.atlascopco.com11 Atlas Copco Group – Sales Bridge

12. July 18, 2008, www.atlascopco.com12 Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook

13. July 18, 2008, www.atlascopco.com13 Atlas Copco Group Operating Profit and Return On Capital Employed (ROCE) by Business Area

14. July 18, 2008, www.atlascopco.com14 Compressor Technique 14July 18, 2008, www.atlascopco.com  Organic order growth continues –Larger equipment in strong demand worldwide –Slow-down in demand in the US and Western Europe from consumer goods related segments  Operating margin at 19.8% (20.0) –Negatively affected by currency and acquisitions  Strategic acquisitions to increase product offering and market presence – –Two US distributors High pressure portable compressors for oil & gas applications

15. July 18, 2008, www.atlascopco.com15 Compressor Technique Quarterly operating margins include Prime Energy from Q1 2006. *Volume and price

16. July 18, 2008, www.atlascopco.com16  Exceptional order growth; 32% organically –Very strong demand from the mining industry –Construction demand in emerging markets still very strong but slower in North America and Western Europe  Operating profit up 44%, record margin at 18.9%  Acquisition –Increased presence in Indonesian mining sector through the acquisition of two service companies Construction and Mining Technique

17. July 18, 2008, www.atlascopco.com17 Construction and Mining Technique *Volume and price

18. July 18, 2008, www.atlascopco.com18 Industrial Technique  Sustained good organic order growth; up 12% –Growth in motor vehicle industry –High growth in aftermarket  Adjusted operating profit margin at 19.7% –excluding restructuring costs of MSEK 43 from decision to close UK factory –Margin affected negatively by currency, unfavorable sales mix, and production disturbances related to restructuring of pneumatic tools manufacturing

19. July 18, 2008, www.atlascopco.com19 Industrial Technique *Volume and price

20. July 18, 2008, www.atlascopco.com20 Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook

21. July 18, 2008, www.atlascopco.com21 Group Total

22. July 18, 2008, www.atlascopco.com22 Profit Bridge April – June, 2008 vs 2007

23. July 18, 2008, www.atlascopco.com23 Profit Bridge – by Business Area April - June, 2008 vs 2007 One-time items include restructuring costs in Industrial Technique

24. July 18, 2008, www.atlascopco.com24 Balance Sheet

25. July 18, 2008, www.atlascopco.com25 Capital Structure Net Debt/EBITDA

26. July 18, 2008, www.atlascopco.com26 Cash Flow Continuing operations

27. July 18, 2008, www.atlascopco.com27 Contents  Q2 Business Highlights  Market Development  Business Areas  Financials  Outlook

28. July 18, 2008, www.atlascopco.com28 Near-term Outlook The overall demand for Atlas Copco’s products and services is expected to remain at a high level, primarily due to a continued strong demand development in emerging markets and the mining industry. Some customer segments in North America and Western Europe, related to consumer goods and residential construction, are expected to weaken.

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30. July 18, 2008, www.atlascopco.com30 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.”