SKF Investor Relations April 2013 The SKF Group SKF Investor Relations April 2013 13 November 2018

SKF - A truly global company Established: 1907 Sales 2012: SEK 64,575 million Employees 2012: 46,775 Production sites: around 140 in 28 countries SKF presence: in over 130 countries Distributors/dealers: 15,000 locations Global certificates: ISO 14001 OHSAS 18001 certification Since 1907 and the invention and patent of the self aligning ball bearing SKF has made an astonishing journey. SKF went global very early and grew at a rapid rate. As early as 1920s, the company was well established in Europe, America, Australia, Asia and Africa. Today when people talk about the importance of the BRIC countries. SKF has been established there for a very long time, e.g Brazil and Russia 1914, China 1916 and India 1923. 13 November 2018 13 November 2018

Net sales by customer segment* 2012 Aerospace Railway Off-highway Trucks Two-wheelers and Electrical Industrial, general Cars and light trucks Industrial, heavy and special Vehicle Service Market Industrial distribution Energy 6% 4% 5% 12% 9% 10% 29% 2% * Previously published shares have been restated in February 2013 13 November 2018 13 November 2018

Net sales 2012, Geographical distribution* Middle East & Africa North America Asia/Pacific Latin America Eastern Europe Sweden Western Europe * Previously published shares have been restated in February 2013 13 November 2018

(2002) (1998) SKF 2012 % of group total Net sales (48) (44) (53) Average number of employees (47) (46) (53) Tangible asset (10) (12) (9) (13) (14) (8) (25) (14) (19) (26) (13) (18) (5) (14) (12) (3) (9) (3) (6) (5) (4) (5) (12) (15) (3) (9) (3) (4) (4) (3) (3) (2) (0) (2) (2) (0) North America Latin America Western Europe Sweden Eastern Europe Middle East and Africa Asia/Pacific 13 November 2018 13 November 2018

Operating margin % 13 November 2018 13 November 2018

Return on capital employed % 13 November 2018 13 November 2018

Growth in local currencies % 13 November 2018 13 November 2018

To equip the world with SKF knowledge SKF Group Vision Throughout its 100-year history SKF has been a technology leader. SKF´s fundamental strength is its ability to develop technologies, products and services that create competitive advantages. The company does this by combining its knowledge across the SKF technology platforms and through innovation and development, creating new value propositions for SKF customers. A key thrust is the work directed to SKF sustainability, reducing energy losses for a cleaner, brighter environment. By partnering with SKF, customers get access to our worldwide bank of experience and our global network of top research laboratories and universities. This can take even best-in-class customers to higher levels of performance. 13 November 2018 13 November 2018

SKF BeyondZero SKF launched the BeyondZeroTM 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 strategy targets: • Increase revenue from SKF BeyondZero portfolio from SEK 2.5 bn to SEK 10 bn 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 CO2 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 13 November 2018

21 SKF Solution Factories 2012 Opened Planned Tianjin Taiwan Shanghai Pune Istanbul Johannesburg Brasil “IXION” Colombia Moscow Houston Monterrey Mexico Edmonton Nordic (Gothenburg) UK Germany Italy France Perth Rumania Cleveland 21 SKF Solution Factories 2012 13 November 2018 13 November 2018

SKF Solution Factory Capabilities Segments & Application Knowledge Platforms & Technology Competence SKF Solution Factory Capabilities Sealing Solutions Mechanical Services Lubrication Solutions Bearing Service Workshop Condition Monitoring Services Remote Monitoring Center MaPro/CoMo Product Repair A & MC Training Center 13 November 2018 13 November 2018

Slab continuous caster – metal industry Telescopic actuators for mould adjustment SKF ConRo Compact roll line units SKF ConRo Low roll line units SKF ConRo Top roll line units SKF DryLube Bearings and SNL Housings for roll out table SKF sealed self-aligning bearing system (CARB and spherical roller bearings) and centralized lubrication system for roll lines SKF Caster Analyst System for roll lines 13 November 2018 13 November 2018

Wheel-loader – Construction Chassis lubrication Centralized lubrication systems Central gear Hybrid pinion units Motor hood Electromechanical actuators Wheel end • Integrated smart wheel bearing units with sensors • SKF Mudblock cassette seals 13 November 2018

Wind turbine - Energy New CRB-design with extra-high carrying capacity for wind-gearboxes. New pitch bearing design with improved corrosion protection SKF WindCon 3.0/Webcon Intranet supervised condition monitoring DRTRB-unit SKF Nautilus with segmented cage for minimized friction Automatic centralized lubrication kits for reduced maintenance cost XL Hybrid bearings with ceramic balls for superior insulation 13 November 2018 13 November 2018

SKF’s environmentally positive customer solutions SKF’s solutions which realize significant environmental benefits Designed for environment Applied for environment Up to 15% better fuel economy of the car Stop-start system E2 - 30% less energy compared to a standard bearing SKF sensor bearing A solution that is primarily designed to improve environmental performance by itself A solution that enables improved environmental performance in a specific application Not sure how you feel about this Tom, but I would like us to start talking externally in the language of the Eco Portfolio, even if we are not yet ready to quantify sales or CO2 in these terms. 13 November 2018 13 November 2018 15

SKF energy efficient (E2) bearings China Conveyors used in mining industry. 130,000 E2 bearing India Sangam Group Peru Industria Textil Piura 60,000 E2 deep groove ball bearing Indonesia Leuwijaya Textile 30,000 E2 bearing potential 325,000 for 3 different customers The China case is new – in 2010 we gained significant new business for E2 DGBB used in long conveyor belts at a number of mines and mineral processing plants across China. These use around 6,000 DGBB per KM, and of course the cumulative bearing friction is very significant. We have just received orders for around 130,000 pcs, and these will save around 4000 tonnes of CO2 in a five year period (compared to the SKF E2 reference). 13 November 2018 13 November 2018 16

What is SKF knowledge? Page 17 The three dimensions of knowledge engineering: The cultural/geographical dimension –understanding of cultures and regions where we live and work SKF is a global company with a local presence. We intimately understand the demands of our customers and their customers. Wherever they are. Our local expertise is supported by global industry specialists who can put those needs in perspective and draw upon successes in similar situations around the world. They in turn are backed by a worldwide manufacturing footprint and a fine-meshed service and support network to put our solutions to work. The customer dimension- industries and segments The number of SKF customers is about two million. Over the years, SKF has progressively organized itself into application areas that are now centred around nearly 40 specialized customer industries. The competence dimension – our technical platform SKF’s specialist teams who are competent in areas ranging from bearings and units to seals, mechatronics, services and lubrication, work closely together to provide advanced integrated solutions. Since SKF began operating the Group´s efforts in the area of research and development have resulted in numerous innovations that have created new standards and new products and solutions in the bearing industry. In 2007, the number of first filings of patent applications was 186. Through our knowledge, SKF can help customers improve their effectiveness, making them more successful and profitable. By combining our technical knowledge with the extensive experience we have from many specialized customer industries together with the understanding for local customer demands we can help customers overcome their specific challenges. Altogether we call this SKF Knowledge. Slide 17 13 November 2018 13 November, 2018 13 November 2018 13 November, 2018

SKF technology platforms Page 18 SKF technology platforms Bearings and units SKF has a broad range of bearing types produced globally. This include high-quality, high-performance, low-friction, standard and customized solutions to critical and standard applications. Units are product combinations integrated into solutions with unique performance, used in specific applications requiring a compact design, combined performance and light weight. Pictures upper left; Bearings Housings Engineering products Y-units Pictures from bottom left; Engineered products Hub unit (can be found on cars or forklifts) Sensorized bearings Slide 18 13 November 2018 13 November, 2018 13 November 2018 13 November, 2018

SKF technology platforms Page 19 SKF technology platforms Seals SKF develops and produces sealing solutions for the automotive and industrial markets, as well as seals integrated into bearings. SKF provides value added sealing solutions because of its excellent technical and application knowledge across the closely related platforms of seals, bearings, lubrication, mechatronics and service, which is leveraged in addressing customer needs ." Pictures from upper left; Sensorized engine crankshaft seal with integrated retainer assembly Shock absorber seal, Speedi Sleeve A repair sleeve for worn shafts Pictures from bottom left; Latest generation engine valve stem seal capable of handling pressure Latest generation Metric Rubber OD Seal available in a comprehensive size range from stock Heavy Duty large diameter seal used e.g in wind, metals and mining applications Sample of different types of Hydraulic Seals Slide 19 13 November 2018 13 November, 2018 13 November 2018 13 November, 2018

SKF technology platforms Page 20 SKF technology platforms Mechatronics Within mechatronics SKF is combining its strong mechanical experience and electronic technology. This covers systems for precision multi-axis positioning, intelligent monitoring and by-wire applications, as well as components such as ball and roller screws, actuators, rail guides and sensor modules. A number of mechanical and electronic products are combined into modules and sub-systems addressing unique needs where SKF has specialist industrial-specific expertise. Pictures from left; Linear motion assortment High efficiency screws and guides, Electromechanical actuators Magnetic bearing system and one sensorized bearing, Aeronautical throttle control + Electromechanical Parking Brake Slide 20 13 November 2018 13 November, 2018 13 November 2018 13 November, 2018

SKF technology platforms Page 21 SKF technology platforms Lubrication systems SKF offers products, solutions and vast support within areas such as industrial lubricants, lubrication consultancy, lubricator equipment, lubrication assessment, lubricant analysis, lubricant recommendations and automatic lubrication systems. Around 36% of premature bearing failures are caused by poor or inadequate lubrication. We help businesses to prevent these costly failures. We deliver the right lubricant, in the right amount, at the right time, with the right lubrication system to the right lubrication point. We are a global partner for lubrication systems and tribology knowledge, the combination of friction, wear and lubrication sciences. We provide integrated lubrication solutions with leading technologies, where and when our customers need them and across all industry segments and applications. Images from left; . Centralized lubrication systems - grease systems Lubricants [SKF bearing grease] - Manual lubricators [SKF grease gun] Centralized lubrication systems - Minimal quantity lubrication [MQL] systems Slide 21 13 November 2018 13 November, 2018 13 November 2018 13 November, 2018

SKF technology platforms Page 22 SKF technology platforms Services The Service platform delivers value throughout the entire life cycle of an asset. Engineering consultancy and engineering services in the design phase, maintenance and logistics services in the operations stage and in the final stage upgrading, refurbishment, bearing dismounting and mounting, alignment, balancing and post-maintenance testing. SKF also offers a wide spectrum of training for customers, on and off site, around the globe. Images from upper left: Bearing remanufacturing services SKF Multilog On-line System IMx-T Asset Efficiency Optimisation process Mechanical Maintenance Services Asset Management Services Images from bottom left: SKF @ptitude Suite - integrated software for on-line, portable, and operator driven monitoring solutions Portable monitoring solutions. This also extends to cover Maintenance Products. SKF Wireless Monitoring System V/T Slide 22 13 November 2018 13 November, 2018 13 November 2018 13 November, 2018

Acquisition 2003-2013 Identifying gaps and opportunities in all platforms Bearings and units Seals Services Lubrication systems Mechatronics Products Technologies Geographies Industries SNFA (2006) Economos (2006) Baker (2007) Safematic (2006) ABBA (2007) GLO (2008) Macrotech (2006) Macrotech (2009) Jaeger (2005) S2M (2007) Vogel (2004) Lincoln Industrial (2010) QPM (2008) PMCI (2007) ALS (2007) TCM (2003) Scandrive (2003) PB&A (2006) Sommers (2005) Monitek (2006) Cirval (2008) Peer (2008) BVI (2013) GBC (2012) 13 November 2018 13 November 2018

SKF First-quarter results 2013 Tom Johnstone, President and CEO 13 November 2018

Highlights Q1 2013 Acquisitions and divestments completed acquisition of German-based ship components provider Blohm + Voss Industries (BVI) agreement signed to divest the aerospace metallic rods business Programme to improve efficiency, reduce cost and strengthen profitable growth continues one-off costs of around SEK 250 million annual savings of around SEK 100 million Organizational changes Henrik Lange, President SKF Industrial Market, Strategic Industries was appointed Executive Vice President and CFO succeeding Tore Bertilsson who is retiring from SKF. Rakesh Makhija, was appointed President Industrial Market, Strategic Industries. Tore Bertilsson continues as Executive Vice President, up until his retirement later this year. Henrik Lange Rakesh Makhija Tore Bertilsson 13 November 2018

Highlights Q1 2013 Some examples of new business with Pratt & Whitney, to supply engine main shaft bearings with Nordex for delivery of mainshaft bearings and lubrication systems for automated lubrication systems installed in the MSC Home Terminal cranes in Belgium’s Port of Antwerp with a steel and mining company for industrial bearings and units, seals, mechatronics, and services with Öhlins Racing AB for SKF’s integrated monotube seal with the Chinese customer Great Wall for hub bearing units New facilities in India a new lubrication systems laboratory in SKF Global Technical Centre a new manufacturing unit in Pune for producing housings for bearings SKF was included in the FTSE4Good Index Series for the 13th successive year. SKF’s factory in Ahmedabad, India was awarded the coveted LEED Gold certification. 13 November 2018

SKF InsightTM - The brain, as well as the heart of rotating machinery SKF InsightTM – internally powered sensors and data acquisition electronics sensing directly on the bearing Control over the life cycle of the machinery Lower total costs with higher reliability and machinery uptime Wirelessly communication of the condition of the bearing and machinery at any time Pilot projects in progress within wind energy, railways and metals industries. 13 November 2018

New products included in the SKF BeyondZero portfolio SKF Extended Life spherical plain bearing An energy efficient high speed permanent magnet solution SKF extreme temperature bearings 13 November 2018

SKF Group – Q1 2013 Financial performance 2013 2012 Net sales, SEKm 15,152 16,931 Operating profit, SEKm 1,480 2,136 Operating margin, % 9.8 12.6 Operating margin excl. restructuring, % 11.4 12.6 Profit before tax, SEKm 1,237 1,956 Cash flow, SEKm -892 696 Cash flow excl. acquisitions, SEKm -69 715 Organic sales growth in local currency: SKF Group: -8.0% Industrial market, Strategic Industries: -12.2% Regional Sales and Service: -7.7% Automotive: -3.7% Key points Sales volumes down by 8.7% y-o-y Manufacturing lower y-o-y Inventories 20.3% of sales Europe: -10% North America: -10% Asia: -7% Latin America: 8% 13 November 2018 13 November 2018

Organic sales growth in local currency % change y-o-y 2011 2012 2013 13 November 2018 13 November 2018

Growth development by geography Organic growth in local currency Q1 2013 vs Q1 2012 Europe -10% North America -10% Asia/Pacific -7% Latin America 8% Middle East & Africa -6% 13 November 2018

Components in net sales 2011 2012 2013 Q1 Q2 Q3 Q4 20.1 12.6 6.2 0.0 -0.8 -2.8 -5.0 -5.9 -8.7 5.0 4.4 5.1 4.8 -0.1 0.8 1.0 1.5 1.3 1.6 2.0 2.8 1.9 0.5 0.7 26.4 18.6 13.3 7.6 -3.7 -4.2 -6.5 -10.8 -12.2 -6.3 -2.1 0.4 3.6 -2.7 -3.6 -4.0 15.6 6.4 7.0 5.5 1.4 -6.4 -7.8 -10.5 Percent y-o-y Volume Structure Price/mix Sales in local currency Currency Net sales 13 November 2018 13 November 2018

Growth in local currency, including structure % y-o-y 16.3% -2.1% -6.5% Structure in 2011: 4.8% Structure in 2012: 0.4% Structure in Q1 2013: 1.5% 13 November 2018 13 November 2018

Operating profit SEKm 2011 2012 2013 One-time items 13 November 2018

Operating margin 2011 2012 2013 % One-time items 13 November 2018

Operating margin 14.7* 14.5 12.0* 11.4* 11.4 9.8 % One-time items * Excluding one-time items 13 November 2018 13 November 2018

Operating margin per business area % Regional Sales and Service Strategic Industries Automotive 2011 2012 2013 Excluding one-off items (eg. restructuring, impairments, capital gains) 13 November 2018 13 November 2018

Inventories as % of annual sales 2011 2012 2013 13 November 2018 13 November 2018

Return on capital employed One-off costs * Excluding one-off costs % 23.9* 23.6 17.2* 16.0* 16.2 14.5 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. 13 November 2018 13 November 2018

Cash flow, after investments before financing SEKm * ** 2011 2012 2013 * SEK 1,707 million, excluding acquisitions and divestments. ** SEK -69 million, excluding acquisitions and divestments. 13 November 2018 13 November 2018

Net debt 2011 2012 2013 AB SKF, dividend paid (SEKm): 2011 Q2 2,277 Cash out from acquisitions (SEKm): 2012 Q3 829 2013 Q1 823 2011 2012 2013 Net debt: Loans and net provisions for post-employment benefits less short-term financial assets excluding derivatives. 13 November 2018 13 November 2018

Debt structure, maturity years EURm 500 500 265 100 100 110 100 Available credit facilities: EUR 500 million 2017 SEK 3,000 million 2017 No financial covenants nor material adverse change clause 13 November 2018

First quarter 2013 2013 2012 Net sales 15,152 16,931 Operating profit SEKm 2013 2012 Net sales 15,152 16,931 Operating profit 1,480 2,136 Operating margin, % 9,8 12.6 Operating margin excl. one-offs, % 11.4 Profit before taxes 1,237 1,956 Net profit 818 1,326 Basic earnings per share, SEK 1.74 2.81 Cash flow, after investments before financing -892* 696 * excluding acquisitions and divestments, SEK -69 million 13 November 2018 13 November 2018

April 2013: SKF demand outlook Q2 2013 Demand compared to the second quarter 2012 The demand for SKF’s products and services is expected to be lower for the Group and for Europe. It is expected to be relatively unchanged for Asia and North America and slightly higher for Latin America. The demand is expected to be lower for Industrial Market, Strategic Industries and Industrial Market Regional, Sales and Service and slightly lower for SKF Automotive. Demand compared to the first quarter 2013 The demand for SKF’s products and services is expected to be relatively unchanged for the Group, for Europe, Asia and North America. It is expected to be slightly higher for Latin America. The demand is expected to be relatively unchanged for the business areas. Manufacturing Manufacturing is expected to be lower year over year and relatively unchanged compared to the first quarter. 13 November 2018 13 November 2018

SKF demand outlook Q2 2013, regions Share of net sales* 2012 Europe 43% Asia Pacific 24% North America 23% Latin America 7% Total Sequential trend for Q2 2013 Q2 2013 vs Q2 2012 -- = + * Previously published percent of sales have been restated. 13 November 2018 13 November 2018

SKF demand outlook Q2 2013, business areas Share of net sales 2012 Strategic Industries 31% Regional Sales and Service 39% Automotive 27% Total Sequential trend for Q2 2013 Q2 2013 vs Q2 2012 -- - 13 November 2018 13 November 2018

SKF sequential volume trend Q2 2013, main segments Share of net sales 2012* 6% 2% 29% 13% 12% 10% 5% 4% Aerospace Energy Two-wheelers and Electrical Industrial distribution Industrial, heavy, special and off-highway Cars and light vehicles Industrial, general Vehicle service market Trucks Railway * Previously published percent of sales have been restated. 13 November 2018 13 November 2018

Guidance for the second quarter 2013 Tax level: around 30% Financial net for the second quarter: Around SEK -200 million Exchange rates on operating profit versus 2012 Q2: SEK -200 million Full year: SEK -550 million Additions to PPE: Around SEK 1.7 billion for 2013 Guidance is approximate and based on current assumptions and exchange rates 13 November 2018 13 November 2018

Key focus areas 2013 Managing the uncertain and different demand environment - Profit and cash flow Initiatives and actions to support long-term financial targets - New factories in Mysore and Bengaluru in India - New warehouse in Shanghai, China - SKF Campus in Shanghai, China, including: ‣ New factory for automotive ‣ Global Technical Centre China ‣ SKF Solution Factory ‣ SKF College - Integration of new acquisitions, GBC and BVI - Cost reduction and efficiency programme - New IT systems Business Excellence and competence development One SKF and SKF Care as guiding lights 13 November 2018 13 November 2018

Cautionary statement 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”. 13 November 2018 13 November 2018

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 coordinator and assistant: Helena Karlsson Tel: +46 31 3372142 Mobile: +46 705 642142 E-mail: helena.karlsson@skf.com 13 November 2018 13 November 2018

13 November 2018 13 November 2018