Atlas Copco Group Q4 2012 results January 31, 2013 1. Committed to sustainable productivity Atlas Copco is an industrial group with world-leading positions in products and services that deliver sustainable productivity. Our business activities are conducted through separate operating divisions that work globally. Wherever we are we strive to ensure reliable, lasting results with responsible use of resources: human, natural and capital. My name is ……………………………… and I am ………………………………………….. I am grateful to meet you here today to tell our story.
Q4 - highlights Good quarter – record year Demand somewhat lower Orders decreased for mining equipment and for gas- and process compressors Aftermarket business continues to develop well Solid profitability Strong cash flow Atlas Copco again ranked among world’s top sustainable companies January 31, 2013
Q4 - figures in summary Orders received decreased to MSEK 21 101, organic decline of 2% Revenues up 2% to MSEK 22 748, organic growth 4% Operating profit increased to MSEK 4 687 (4 596) Includes items affecting comparability of MSEK -192 (-241). Adjusted operating margin at 21.4% (21.7) Profit before tax at MSEK 4 476 (4 436) Basic earnings per share SEK 2.80 (2.78) Operating cash flow at MSEK 4 290 (1 574) Proposed dividend of SEK 5.50 (5.00) per share, totaling MSEK 6 674 January 31, 2013
Orders received - local currency 100 +4 -1 29 +1 -4 20 +4 22 -1 +2 11 +9 -5 11 +13 7 +11 -19 December 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 January 31, 2013
Q4 - the Americas Continued good demand in North America Order intake increased for industrial compressors, industrial tools and construction equipment Decrease for mining equipment Orders increased in South America Positive trend in Brazil Two large orders for mining equipment 20 +4 11 +13 December 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 January 31, 2013
Q4 - Europe and Africa/Middle East Orders received decreased year on year but improved sequentially Strong order intake for compressors Significantly weaker mining demand in Russia Lower order intake in Africa / Middle East No large orders 29 +1 -4 11 +9 -5 December 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 January 31, 2013
Q4 - Asia and Australia Stable demand in Asia Good development in South Korea, India and South East Asia Weak orders for gas and process compressors, mainly in China Good order level in Australia Fewer large orders compared to previous year 22 -1 +2 7 +11 -19 December 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 January 31, 2013
Organic* growth per quarter Atlas Copco Group, continuing operations Change in orders received in % vs. same quarter previous year *Volume and price January 31, 2013
Atlas Copco Group – sales bridge January 31, 2013
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 December 2012 January 31, 2013
Compressor Technique Healthy demand Slight increase in orders for industrial compressors Low order intake for gas and process compressors Record revenues and operating profit Operating margin at 24.2% (23.3) Supported by efficiency improvements January 31, 2013
Industrial Technique Weaker demand for equipment Positive development in North America, negative in Europe and Asia Strong growth in aftermarket Operating margin at 22.2% (23.6) Investments in service presence and R&D January 31, 2013
Mining and Rock Excavation Technique Weaker demand for equipment Stable order intake sequentially Large orders in South America Strong demand for service and parts Operating margin at 23.8% (25.1) Negative effect from lower production volumes and currency Acquisition of shotcreting equipment manufacturer January 31, 2013
Construction Technique Organic order intake up 10% North America and Asia improving Weak Europe Adjusted operating margin at 7.1% (6.6) Including restructuring costs of MSEK 65 (75) Low production volumes affect profit Innovative products introduced January 31, 2013
Group total October – December 2012 vs. 2011 January 31, 2013
Profit bridge October – December 2012 vs. 2011 January 31, 2013
Profit bridge – by business area October – December 2012 vs. 2011 January 31, 2013
Balance sheet January 31, 2013
Cash flow January 31, 2013
2012 – A record year Strong demand in the first half, softer towards year end Continued investments in market presence, service and product development Investments for operational excellence Record results Order intake increased 4% to MSEK 90 570 Revenues up 11% to MSEK 90 533, 9% organic increase Operating profit up 9% to MSEK 19 228 Operating cash flow of MSEK 12 233 (6 292) Proposed dividend of SEK 5.50 (5.00) per share, totaling MSEK 6 674 January 31, 2013
Revenues and operating profit January 31, 2013
Atlas Copco Group Earnings per share, dividend and redemption, SEK * Proposed by the Board of Directors January 31, 2013
Near-term outlook The overall demand for Atlas Copco’s products and services is expected to decrease somewhat. January 31, 2013
January 31, 2013
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.” January 31, 2013