1. The SKF Group SKF Investor Relations July 2014

2. © SKF GroupSlide 1 SKF - A truly global company Established: 1907 Sales 2013: SEK 63,597 million Employees 2013: 48,401 Production sites: around 165 in 28 countries SKF presence: in over 130 countries Distributors/dealers:15,000 locations Global certificates:ISO 14001 OHSAS 18001 certification 15 July 2014

3. © SKF GroupSlide 2 Vehicle aftermarket Net sales - 2013 Aerospace Railway Off-highway Trucks Two-wheelers and Electrical Industrial, general Cars and light trucks Industrial, heavy and special Industrial distribution Energy 9% Asia/Pacific Latin America North America Middle East & Africa Western Europe Eastern Europe Sweden * Previously published shares have been restated in February 2013 15 July 2014

4. © SKF GroupSlide 3 North America Latin America Western Europe Eastern Europe Middle East and Africa Asia/Pacific Net sales Average number of employees Tangible asset % of group total SKF 2013 (18) (8)(13) (26)(13) (14) (2002) (1998) (25) (14) (19) (10) (12) (9) Sweden (4) (3) (5) (12)(15) (3) (9)(3) (2) (0) (47) (46)(53) (6) (5)(4) (5) (14)(12) (3) (9)(3) (2)(0) (48) (44)(53) 15 July 2014

5. © SKF GroupSlide 4 Operating margin as reported % 15 July 2014

6. © SKF GroupSlide 5 Return on capital employed % 15 July 2014

7. © SKF GroupSlide 6 Growth in local currencies % 15 July 2014

8. © SKF Group Slide 7 Financial targets 15% Operating margin 8% Changes in sales in local currency incl. structure One-time items 20% Return on capital employed One-time items for the individual year

9. © SKF Group Slide 8 SKF’s priorities 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 Capital efficiency Fixed capital Net working capital Cost reduction Business Excellence Consolidation of manufacturing Optimization and productivity improvements Reduction in purchasing costs Investments & Innovation New and existing facilities Research and development IT systems and mobility 15 July 2014

10. © SKF Group15 July 2014Slide 9 To equip the world with SKF knowledge SKF Group Vision

11. © SKF GroupSlide 10 SKF BeyondZero SKF launched the BeyondZero TM portfolio with products and solutions, which will both improve energy efficiency and reduce the environmental impact. SKF revised targets for its climate strategy and also partnered with the WWF in their Climate Savers Programme. SKF’s climate targets: Increase revenue from SKF BeyondZero portfolio from SEK 2.5 billion to SEK 10 billion by 2016 Reduce total annual energy use by 5% below the 2006 level by 2016 Reduce energy use per production output by 5% y-o-y from 2012 to 2016 Reduce CO 2 emissions per tonne-kilometre by 30% 2016 vs 2011 for transports managed by SKF Logistics Services Major suppliers certified according to ISO 50001 by 2016 15 July 2014

12. © SKF Group 28 SKF Solution Factory – June 2014 Slide 11 TaiwanTaichung TurkeyIstanbul UKLuton USACleveland USAHouston Poland Katowice Romania Bucharest Russia Moscow United Arab Emirats Abu Dhabi South Africa Witfield Spain Madrid Sweden Gothenburg France Montigny Germany Schweinfurt India Pune India Manesar Italy Turin Mexico Monterrey Netherlands Ridderkerk Netherlands Nieuwegein AustraliaPerth BrazilCajamar CanadaEdmonton CanadaToronto ColumbiaBogota ChinaShanghai ChinaTianjin ChinaUrumqi 15 July 2014

13. © SKF GroupSlide 12 SKF Solution Factory Segments & Application Knowledge Platforms & Technology Competence Capabilities Sealing Solutions Mechanical Services Lubrication Solutions Training Center Bearing Service Workshop Condition Monitoring Services Remote Monitoring Center MaPro/CoMo Product Repair A & MC SKF Solution Factory 15 July 2014

14. © SKF GroupSlide 13 Slab continuous caster – metal industry Telescopic actuators for mould adjustment SKF DryLube Bearings and SNL Housings for roll out table SKF ConRo Top roll line units SKF ConRo Low roll line units SKF sealed self- aligning bearing system (CARB and spherical roller bearings) and centralized lubrication system for roll lines SKF ConRo Compact roll line units SKF Caster Analyst System for roll lines 15 July 2014

15. © SKF GroupSlide 14 Wheel-loader – Construction Central gear Hybrid pinion units Wheel end Integrated smart wheel bearing units with sensors SKF Mudblock cassette seals Motor hood Electromechanical actuators Chassis lubrication Centralized lubrication systems 15 July 2014

16. © SKF GroupSlide 15 New pitch bearing design with improved corrosion protection DRTRB-unit SKF Nautilus with segmented cage for minimized friction New CRB-design with extra-high carrying capacity for wind-gearboxes. XL Hybrid bearings with ceramic balls for superior insulation SKF WindCon 3.0/Webcon Intranet supervised condition monitoring Automatic centralized lubrication kits for reduced maintenance cost Wind turbine - Energy 15 July 2014

17. © SKF GroupSlide 16 SKF’s environmentally positive customer solutions Designed for environment A solution that is primarily designed to improve environmental performance by itself E2 - 30% less energy compared to a standard bearing SKF’s solutions which realize significant environmental benefits Applied for environment A solution that enables improved environmental performance in a specific application SKF sensor bearing Stop-start system Up to 15% better fuel economy of the car 15 July 2014

18. © SKF GroupSlide 17 SKF energy efficient (E2) bearings Peru Industria Textil Piura 60,000 E2 deep groove ball bearing India Sangam Group China Conveyors used in mining industry. 130,000 E2 bearing Indonesia Leuwijaya Textile 30,000 E2 bearing potential 325,000 for 3 different customers 15 July 2014

19. © SKF GroupSlide 18 What is SKF knowledge? 15 July 2014

20. © SKF GroupSlide 19 SKF technology platforms Bearings and units 15 July 2014

21. © SKF GroupSlide 20 SKF technology platforms Seals 15 July 2014

22. © SKF GroupSlide 21 SKF technology platforms Mechatronic 15 July 2014

23. © SKF GroupSlide 22 SKF technology platforms Lubrication systems 15 July 2014

24. © SKF GroupSlide 23 SKF technology platforms Service 15 July 2014

25. © SKF GroupSlide 24 Acquisition 2003-2013 Identifying gaps and opportunities in all platforms Products Technologies Geographies Industries SNFA (2006) S2M (2007) QPM (2008) Economos (2006) Macrotech (2006) Macrotech (2009) Baker (2007) PMCI (2007) PB&A (2006) Monitek (2006) Safematic (2006) Vogel (2004) ALS (2007) Sommers (2005) ABBA (2007) Jaeger (2005) Peer (2008) GLO (2008) TCM (2003) Scandrive (2003) Cirval (2008) Lincoln Industrial (2010) GBC (2012) BVI (2013) Kaydon (2013) Seals Bearings and units Lubrication systems Services Mechatronics 15 July 2014

26. SKF Half-year results 2014 Tom Johnstone, President and CEO 15 July 2014

27. © SKF Group Examples of new business Envision Energy, ChinaStrategic long-term partnership A customer in the automation industry Roller screw electromechanical cylinder Dongfang Electric New Energy EquipmentMain shaft bearings Aurizon, AustraliaService contract A customer in the oil and gas industryAsset management services Bosch Service, BrazilSKF’s vehicle aftermarket product range Slide 26 15 July 2014

28. © SKF Group Highlights Inauguration of SKF Campus and SKF North East Asia Distribution Centre in Shanghai. New SKF Solution Factory in Nieuwegein in the Netherlands. Events during the quarter: - SKF Wind Farm Management Conference in Berlin - SKF Life Cycle Management Conference in Buenos Aires - SKF Asset Management Conference in Prague Slide 27 15 July 2014

29. © SKF Group Customer awards Slide 28 Best Technical and Service Award 2013 – Envision Energy, China Supplier Excellence Award 2013 – National Oilwell Varco (NOV), USA Premium Supplier Award – Joy Global Underground Mining LLC, USA Marine Supplier of the year Award 2014 – Rolls-Royce Marine Excellent Supplier Award – ABB Marine, China Supplier Certification of Appreciation – Nissan, China Quality Gold Award 2013 – Yamaha Motor Company The Qualitas Award – Fiat/Chrysler, Argentina 15 July 2014

30. © SKF Group New products and solutions Slide 29 SKF Wireless MicroVibe SKF Wireless Machine Condition Sensor SKF @ptitude Connect SKF Shaft Alignment Tool Low friction grease for hub bearing units SKF Gear Bearing Unit Floating piston Electric grease transfer pump SKF Tachometer Low torque operator valve solution Turbulo BlueMon emission monitoring system 15 July 2014

31. © SKF Group SKF Group – Q2 2014 Slide 30 Financial performance (SEKm) 20142013 Net sales17,95516,392 Operating profit2,0961,837 Operating margin, %11.711.2 Operating margin excl. one-time items, %12.312.4 Profit before tax1,7611,627 Basic earnings per share, SEK2.542.36 Cash flow after investments before financing excl. EU payment1,4231,147 Cash flow after investments before financing-1,4021,147 Organic sales growth in local currency: SKF Group4.6%Europe1% Strategic Industries11.1%North America3% Regional Sales and Service2.0%Asia14% Automotive1.3%Latin America2% Middle East and Africa14% Key points Sales volumes up by 3.6% y-o-y. Manufacturing was slightly higher compared to last year. 15 July 2014

32. © SKF Group SKF Group – Half year 2014 Slide 31 Financial performance (SEKm) 20142013 Net sales34,68931,544 Operating profit4,1203,317 Operating margin, %11.910.5 Operating margin excl. one-time items, %11.9 Profit before tax3,5482,864 Basic earnings per share, SEK5.264.10 Cash flow after investments before financing excl. EU payment1,164255 Cash flow after investments before financing-1,661255 Organic sales growth in local currency: SKF Group5.2%Europe3% Strategic Industries9.0%North America3% Regional Sales and Service2.2%Asia13% Automotive4.5%Latin America1% Middle East and Africa18% Key points Sales volumes up by 5.0% y-o-y. Manufacturing was higher compared to last year. 15 July 2014

33. © SKF Group Organic sales growth in local currency Slide 32 % change y-o-y 201220132014 15 July 2014

34. © SKF Group Organic sales growth in local currency Slide 33 % y-o-y Structure in 2012: 0.4% Structure in 2013: 2.5% Structure in 2014: 4.2% -2.5% -0.7% 5.2% 15 July 2014

35. © SKF Group Sales development by geography Organic growth in local currency Q2 2014 vs Q2 2013 Slide 34 Europe 1% Asia/Pacific 14% Middle East & Africa 14% Latin America 2% North America 3% 15 July 2014

36. © SKF Group Sales development by geography Organic growth in local currency YTD 2014 vs YTD 2013 Slide 35 Europe 3% Asia/Pacific 13% Middle East & Africa 18% Latin America 1% North America 3% 15 July 2014

37. © SKF Group Components in net sales Slide 36 201220132014 Percent y-o-y Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2 Volume-0.8-2.8-5.0-5.9-8.7-1.62.27.16.23.6 Structure-0.10.00.81.01.52.61.14.84.73.8 Price/mix1.92.00.50.7 -0.6-0.2 -0.41.0 Sales in local currency 1.0-0.8-3.7-4.2-6.50.43.111.710.58.4 Currency0.43.6-2.7-3.6-4.0-5.0-2.2-2.1-0.11.1 Net sales1.42.8-6.4-7.8-10.5-4.60.99.610.49.5 15 July 2014

38. © SKF Group Operating profit as reported Slide 37 SEKm 201220132014 15 July 2014

39. © SKF Group Operating profit excluding one-time items Slide 38 SEKm 201220132014 15 July 2014

40. © SKF Group Operating margin Slide 39 % 5.8 11.3 12.0* 11.9* One-time items * Excluding one-time items 11.9* 11.9 15 July 2014

41. © SKF Group Slide 40 Regional Sales and Service Specialty Business Automotive % 201220132014 Operating margin per business area as reported Strategic Industries 15 July 2014

42. © SKF Group Slide 41 Regional Sales and Service Specialty Business Automotive % 201220132014 Operating margin per business area excl. one-time items Strategic Industries 15 July 2014

43. © SKF Group SKF’s programme to improve efficiency and reduce cost Slide 42 Q4/12Q1/13Q2/13Q3/13Q4/132013Q1/14Q2/14Total Cost taken2002501900504900100790 People affected530410320013086001701,560 Q1/13Q2/13Q3/13Q4/132013Q1/14Q2/142014 Restructuring153575 2007050120 S&A50 200000 Purchasing100 40060100160 Total165185225 800130150280 Restructuring, SEKm : Realized gross savings from total programme, SEKm : Full year gross saving150100800402200100470 Giving future gross savings, SEKm : vs 2012 vs 2013 Note: Run rate Q2 2014 SEK 1,340 million vs 2012. 15 July 2014

44. © SKF Group Operating profit bridge, Q2 2014 Slide 43 +160 1,837 +160 2,096 +134 +150 +70 -120 -295 SEKm Q2 2013 Q2 2014 Volumes excl. Specialty Business Specialty Business Savings One-time items Currencies R&D, inflation etc. Price/mix 15 July 2014

45. © SKF Group Operating profit bridge, half year 2014 Slide 44 +400 3,317 +60 4,120 +240 +280 +440 -220 -397 SEKm Q2 2013 Q2 2014 Volumes excl. Specialty Business Specialty Business Savings One-time items Currencies R&D, inflation etc. Price/mix 15 July 2014

46. © SKF Group Net working capital as % of annual sales Slide 45 % 201220132014 Target: 27% 15 July 2014

47. © SKF Group Return on capital employed Slide 46 % 14.6* 7.5 8.7 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 July 2014

48. © SKF Group Cash flow, after investments before financing Slide 47 SEKm 201220132014 Excl. acq. and div.:1)Q3 2012SEK 1,707 million 2)Q1 2013SEK -69 million 3)Q3 2013SEK 871 million 4)Q4 2013SEK 1,170 million Excl. EU payment5) Q2 2014SEK 1,423 million 4) 5) 15 July 2014

49. © SKF Group Net debt Slide 48 SEKm 201220132014 AB SKF, dividend paid (SEKm) : 2012 Q22,504 2013 Q22,530 2014 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. EU payment (SEKm) : 2014 Q22,825 15 July 2014

50. © SKF Group Debt structure, maturity years Slide 49 Available credit facilities: EUR 500 million 2019 SEK 3,000 million 2016 SEK 3,000 million 2017 No financial covenants nor material adverse change clause 200 100 110 500 850 15 July 2014

51. © SKF Group July 2014: SKF demand outlook Q3 2014 Slide 50 Demand compared to the third quarter 2013 The demand for SKF’s products and services is expected to be slightly higher for the Group and North America, higher for Asia, relatively unchanged for Europe and slightly lower for Latin America. It is expected to be higher for Strategic Industries and relatively unchanged for Regional Sales and Service and Automotive. Demand compared to the second quarter 2014 The demand for SKF’s products and services is expected to be relatively unchanged for the Group and Europe. It is expected to be slightly higher for North America and Asia and slightly lower for Latin America. For Strategic Industries it is expected to be slightly higher and for Regional Sales and Service and Automotive it is expected to be relatively unchanged. Manufacturing Manufacturing is expected to be slightly higher year over year and relatively unchanged compared to the second quarter. 15 July 2014

52. © SKF Group SKF demand outlook Q3 2014, main regions Share of net sales 2013 Europe42% Asia Pacific24% North America24% Latin America7% Total Q3 2014 vs Q3 2013 +/- ++ + - + Slide 51 Sequential trend for Q3 2014 15 July 2014

53. © SKF Group SKF demand outlook Q3 2014, main business areas Share of net sales 2013 Strategic Industries 29% Regional Sales and Service 39% Automotive27% Total Q3 2014 vs Q3 2013 ++ +/- + Slide 52 Sequential trend for Q3 2014 15 July 2014

54. © SKF Group SKF sequential volume trend Q3 2014, Industries Slide 53 6%Aerospace 5%Energy 4%Railway 2%Two-wheelers and Electrical 29%Industrial distribution 14%Cars and light vehicles 13%Industrial, heavy, special and off-highway 11%Vehicle service market 11%Industrial, general 5%Trucks Share of net sales 2013 15 July 2014

55. © SKF Group Guidance for the third quarter 2014* Slide 54 Tax level: around 30% Financial net for the third quarter: Around SEK -230 million Currency impact on operating profit versus 2013 Q3: SEK +50 million Full year: SEK -70 million Additions to PPE: Around SEK 1.6 billion for 2014 * Guidance is approximate and based on current assumptions and exchange rates. 15 July 2014

56. © SKF Group SKF’s priorities Slide 55 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 15 July 2014

57. © SKF Group Cautionary statement Slide 56 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”. 15 July 2014

58. © SKF Group15 July 2014Slide 57 Welcome to the IR website – www.skf.com > Investors Investor Relations function: Head: Marita Björk Tel: +46 31 3371994 Mobile: +46 705 181994 E-mail: marita.bjork@skf.com Investor Relations: Anna Alte Tel: +46 31 3371988 Mobile: +46 705 271988 E-mail: anna.alte@skf.com Event and road shows coordinator: Helena Karlsson Tel: +46 31 3372142 Mobile: +46 705 642142 E-mail: helena.karlsson@skf.com

59. © SKF Group15 July 2014Slide 58