Welcome to AQ Group Year-end and fourth quarter 2016 Claes Mellgren Mia Tomczak

AQ Group Business Concept To develop, manufacture and assemble components and systems for demanding industrial customers With our commitment to Total Quality our customers become long-term partners

Goals Product quality 100 % On time delivery 98 % Equity ratio >40 % Profit margin before tax (EBT %) 8 %

AQ Group 2016 Operations 3 289 MSEK in 12 employees 2016 countries 5 163 employees Nasdaq Mid Cap since January 16, 2017 89 consecutive quaters with profit Sales in 50 countries

AQ Group Global Presence Europe 4371 Suzhou, China Mexico City, Mexico Pune, India 498 people 127 134 Bangkok, Thailand 20 Total: 5 163 employees

AQ Group Europe - Employees Estonia Sweden 349 1 005 Lithuania 688 Poland 873 Hungary 447 Serbia 17 Italy 24 Bulgaria 981

Seven Business Areas Sheet Metal Processing Injection Molding Inductive Components Electrical Cabinets Wiring Systems System Products Special Technologies & Eng.

Market segments and (%) of sales 2016 Transportation Electric (8) Telecom (8) Automotive (22) Power General Industry & Engineering (26) Commercial Vehicles (19) Automation Food & Drugs (8) Railway (9)

Customers

Continuous growth and profitability since the start

Full year 2016 Net sales increased by 12 % to SEK 3 289 million (2 931) EBT inreased by 32 % to SEK 279 million (212) Profit margin before tax (EBT) 8.5 % (7.2) Cash flow from operating activities increased by 77 % to SEK 290 million (166) Net debt SEK 109 million (145) Equity ratio 60 % (58) Return on equity after tax 17.9 % (15.3) The Board of Directors proposes a dividend of SEK 2.75 (2.25)

Fourth quarter, 2016 Net sales increased by 13% to SEK 905 million (803) EBT increased by 9% to SEK 60 million (55) Profit margin before tax (EBT) 6.6 % (6.8) Cash flow from operating activities increased by 57% to SEK 55 million (35)

2016 Summary A couple of the Swedish operations have challenges – actions is ongoing to reverse the trend First half-year – many projects with high margins Raw material prices increased at the end of the year Weaker sales at the end of the year to certain customer categories in Sweden Acquisition of Gerdins – the largest so far. (SEK 430 million, 450 employees)

Income statement in summary MSEK Q4 2016 Q4 2015 % 2016 2015 Net sales 905 803 12.6 3 289 2 932 12.2 EBIT 60 55 8,7 281 202 39.4 EBIT (%) 6.6 6.0 8.6 6.9 Net finance - 0 - 2 10 EBT 8,9 279 212 3.9 EBT (%) 6.8 8.5 7.2 Taxes - 8 - 11 -25,5 44 41 5.8 Profit for the period 51 43 17,8 236 170 38.3 EAT (%) 5.7 5.4

Growth in % Growth Q4 2016 Growth FY 2016 TOTAL Organic Acq Curr TOTAL Currency

Balance sheet MSEK 31 Dec 2016 (%) 31 Dec 2015 Intangible fix assets 233 34 173 Tangible fix assets 508 23 412 Inventories 581 20 485 Receivables 965 18 818 Cash 163 136 TOTAL ASSETS 2 450 21 2 024 Equity 1 463 25 1 170 Interest bearing liabilities 272 - 3 281 Non interest bearing liabilities 715 574 TOT EQ AND LIABILITIES

Cash flow in summary MSEK 31 Dec 2016 31 Dec 2015 Cash flow from: Operating activities before change in working capital 396 246 - Changes in working capital -106 -81 -operating activities 290 166 -Investing activities -183 -268 Financial activities -84 94 Net cash flow 23 -8

Outlook Strong growth in India but low margin Growth in Mexico Continue gaining market shares Entering new markets Continue to acquire interesting companies Finalize the integration of former Gerdins Improve performance in the Swedish companies

We have a long term view and commitment We are striving to become a true global contract manufacturer with: Quality on time delivery alertness and service We continuously work to improve We run a responsible and sustainable business We are financially strong

Thank you – welcome with questions!