April 26, 2007, Atlas Copco Group Q1 Results April 26, 2007

April 26, 2007, Contents  Q1 Business Highlights  Market Development  Business Areas  Financials  Outlook

April 26, 2007, Q1 - Highlights  Accelerated growth –Organic order growth 24% –Strong performance both in equipment and aftermarket –20 th consecutive quarter of organic growth  Strengthened market position –Investments in market organization –Investments in manufacturing capacity and efficiency –Strategic acquisitions

April 26, 2007, Q1 - Figures in summary  Revenues up 12% to MSEK –17% organic growth  Operating profit up 21% to MSEK –Record operating margin of 19.0% (17.5)  Profit before tax at MSEK (2 032) –Profit margin of 18.5% (17.0)  Profit from continuing operations up 21% to MSEK –Earnings per share continuing operations SEK 2.89  Operating cash flow, continuing operations, MSEK 845 (711)

April 26, 2007, Contents  Q1 Business Highlights  Market Development  Business Areas  Financials  Outlook

April 26, 2007, Orders received - Local currency Group total +27% YTD (Structural change +3% YTD) March 2007 A =Portion of sales, last 12 months, % B =Year-to-date vs. prev. year, % AB

April 26, 2007, Q1 - The Americas  Continued growth in North America –Favorable investment activity in most manufacturing and process industries –Solid demand for mining and construction equipment  Improved demand from all customer segments in South America –Strong sales increases, particularly in Brazil and Chile March 2007 A =Portion of sales, last 12 months, % B =Year-to-date vs. prev. year, % AB

April 26, 2007, Q1 - Europe and Africa/Middle East  Robust demand fuelled growth in Europe –Continued strong demand from manufacturing and process industries, except from the motor vehicle industry –Very strong demand from the construction and mining industries –Strong growth, primarily in Eastern Europe, Great Britain and the Nordic countries  Very positive in Africa / Middle East region –Sales of mining equipment to Southern Africa increased significantly March 2007 A =Portion of sales, last 12 months, % B =Year-to-date vs. prev. year, % AB

April 26, 2007, Q1 - Asia and Australia  Sustained growth in Asia –Very good demand for industrial equipment in all major markets –Strong development for construction and mining equipment  Strong demand from mining, manufacturing and construction in Australia March 2007 A =Portion of sales, last 12 months, % B =Year-to-date vs. prev. year, % AB

April 26, 2007, Volume Growth per Quarter  Change in orders received in % vs. same Quarter previous year Atlas Copco Group, continuing operations

April 26, 2007, Atlas Copco Group – Sales Bridge

April 26, 2007, Contents  Q1 Business Highlights  Market Development  Business Areas  Financials  Outlook

April 26, 2007, Atlas Copco Group Operating Profit and Return On Capital Employed (ROCE) by Business Area *including discontinued operations

April 26, 2007, Compressor Technique  Strong growth continued –Increased market presence and penetration support equipment and aftermarket growth –Organic order growth 19% –Strong in all regions  Operating margin at 21.2%  Strategic acquisitions –Acquisition of Greenfield strengthens presence in growing CNG segment –ABAC acquisition finalized on April 2

April 26, 2007, Compressor Technique Quarterly operating margins include Prime Energy from Q

April 26, 2007,  Very strong demand from mining, both for equipment and aftermarket  Organic order growth 33% –20 th consecutive quarter with volume growth  Operating profit up 30% –Record margin at 17.9%  Acquisition of Dynapac Construction and Mining Technique

April 26, 2007, Dynapac  A leading supplier of compaction and paving equipment –Sales in over 115 countries, 8 production facilities in 6 countries. –2 100 employees with expertise in R&D, production, marketing, sales, services and customer finance –Revenues approx. MEUR 505, operating margin 11.3% in 2006 –Founded in 1934, headquartered in Sweden –Purchase price approximately MEUR 700 –Acquisition expected to close in Q2 Expanding presence in the road development market

April 26, 2007, Construction and Mining Technique

April 26, 2007, Industrial Technique  Resumed growth – 7% organic order growth –Increased sales and marketing activities resulted in strong growth within general industry –Relatively weak demand from the motor vehicle industry in North America and Western Europe –Healthy growth for the vehicle service business  All-time high operating profit and margin  New techno center opened  Strategic acquisition of Rodcraft

April 26, 2007, Industrial Technique

April 26, 2007, Contents  Q1 Business Highlights  Market Development  Business Areas  Financials  Outlook

April 26, 2007, Group Total

April 26, 2007, Balance Sheet

April 26, 2007, Cash Flow Continuing operations

April 26, 2007, Contents  Q1 Business Highlights  Market Development  Business Areas  Financials  Outlook

April 26, 2007, Near-term Outlook The demand for Atlas Copco’s products and services, from most customer segments such as mining, construction, and the manufacturing and process industries, is expected to remain at the current high level.

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April 26, 2007, 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.”