Atlas Copco Group Q2 Results July 18, 2011

Q2 - highlights  Very strong organic order growth –Record orders received –Favorable demand in mining, manufacturing and process industry  Record revenues and operating profit –The operating margin was supported by increased volumes and prices, while currency effects and revenue mix affected negatively  Continued investments in global market presence and product development  New business area structure as of July 1 –Q3 report will have four business areas July 18,

Q2 - figures in summary  Orders received of MSEK (19 221); 29% organic growth  Revenues of MSEK ; 27% organic growth  Operating profit increased 19% to MSEK –Operating margin at 20.9% (20.1)  Profit before tax at MSEK (3 403) –MSEK 75 capital gain related to sale of shares in Rental Service  Basic earnings per share SEK 2.46 (2.07)  Operating cash flow MSEK 567 (2 467), affected by financial items July 18,

ABC Orders received - local currency 4 July 18, 2011 Group total +32% YTD, +30% last 3 months Structural change +2% YTD, +1% last 3 months June A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % C =Last 3 months vs. previous year, %

Q2 - Americas  Strong growth in North America –Record orders received for mining equipment, compressors and industrial tools –Large mining order in Mexico –Order intake to construction customers decreased compared to the first quarter  Solid demand for most types of equipment in South America July 18, ABC June 2011 A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % C =Last 3 months vs. previous year, %

Q2 - Europe and Africa/Middle East  Overall demand improved in Europe –Positive sales development in most markets, but southern Europe remained weak –Orders received improved for most types of equipment except for construction equipment  Orders received increased in Africa / Middle East –Strong demand in southern Africa –Large compressor order in Saudi Arabia July 18, ABC June 2011 A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % C =Last 3 months vs. previous year, %

Q2 - Asia and Australia  Robust demand in Asia –Increased orders received in all markets –Fewer large orders compared with the first quarter –Continued strong growth in aftermarket  Record orders received in Australia –Continued strong demand in mining July 18, ABC June 2011 A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % C =Last 3 months vs. previous year, %

Organic * growth per quarter  Change in orders received in % vs. same quarter previous year July 18, Atlas Copco Group, continuing operations *Volume and price

Atlas Copco Group – sales bridge 9 July 18, 2011

Compressor Technique  Record order intake –27% organic order growth –Solid demand for portable and industrial compressors as well as for air treatment products –Improved sales for gas and process compressors –Continued good development in the aftermarket business  Operating margin at 23.5% (23.2) –Support from higher volumes and price increases, but negative effect from currency and revenue mix  New manufacturing facility to be built in India July 18,

Compressor Technique 11 July 18, 2011 *Volume and price

Construction and Mining Technique  30% organic order growth –Strong demand from the mining industry –Record order in Mexico  Continued strong development for service, parts and consumables  Record operating profit –Operating margin at 20.1% (18.0) July 18,

Construction and Mining Technique 13 July 18, 2011 *Volume and price

Industrial Technique  Record order intake –37% organic order growth –Strong demand from all customer segments and in all major regions  Operating margin at 21.8% (18.8) –Positively affected by significantly higher volumes and increased prices, but partly offset by currency July 18,

Industrial Technique 15 July 18, 2011 *Volume and price

Group total 16 July 18, 2011

Profit bridge April – June 2011 vs July 18, 2011

Profit bridge – by business area April – June 2011 vs July 18, 2011

Balance sheet 19 July 18, 2011

Capital structure 20 Net Debt*/EBITDA * Net Debt adjusted for the fair value of interest rate swaps July 18, 2011

Cash flow 21 July 18, 2011

Near-term outlook The overall demand for the Group’s products and services is expected to remain on the current high level. July 18,

Committed to sustainable productivity. 23 July 18, 2011

Committed to sustainable productivity The Atlas Copco Group, July 2011 Pro forma figures for the new business area structure

Four business areas Compressor Technique Industrial Technique Mining and Rock Excavation Technique Construction Technique  Industrial compressors  Gas and process compressors and expanders  Air and gas treatment  Specialty rental  Service  Industrial tools  Assembly systems  Service  Rock drilling equipment - underground and surface  Loaders and trucks  Mobile crushing  Exploration drilling and ground engineering  Rock drilling tools  Service  Light construction equipment  Road construction equipment  Portable compressors and generators  Service 2010 figures pro-forma Revenues MSEK Operating margin 24.3% ROCE 70% 2010 figures reported Revenues MSEK Operating margin 19.5% ROCE 50% 2010 figures pro-forma Revenues MSEK Operating margin 21.8% ROCE 53% 2010 figures pro-forma Revenues MSEK Operating margin 10.6% ROCE 11% 26

Industrial Technique Atlas Copco Tools and Assembly Systems Motor Vehicle Industry Atlas Copco Tools and Assembly Systems General Industry Chicago Pneumatic Tools Tooltec Organization Atlas Copco Group Presentation 2011 Executive Group Management and corporate functions Oil-free Air Industrial Air Specialty Rental Gas and Process Compressor Technique Service Airtec Compressor Technique Mining and Rock Excavation Technique Underground Rock Excavation Surface Drilling Equipment Drilling Solutions Secoroc Geotechnical Drilling and Exploration Mining and Rock Excavation Technique Service Rocktec Customer centers and service providers President and CEO Board of Directors Construction Technique Construction Tools Road Construction Equipment Portable Energy Construction Technique Service

Atlas Copco Group 28 Pro forma Compressor Technique 43% Industrial Technique 9% Construction Technique 32% Revenues per business area Mining and Rock Excavation Technique 16%

Compressor Technique Orders received by customer category Revenues by business type Revenues by geographic area 29 Pro forma North America 16% Europe 35% Africa/ Middle East 11% 30% 8% Asia/ Australia South America Construction Process Services 40% 8% 11% 5% 28% Manufacturing Mining Others Equipment 59% Aftermarket 35% 6% Rental

Orders received by customer category Revenues by business type Revenues by geographic area North America 25% Europe 47% Africa/ Middle East 2% 21% 5% Asia/ Australia South America Industrial Technique 30 Reported Construction 2% Manufacturing 82% Process 2% Services 2% 12% Other Equipment 74% Aftermarket 26%

Orders received by customer category Revenues by business type Revenues by geographic area Mining and Rock Excavation Technique 31 Pro forma Construction 36% Services 1% Mining 60% 3% Others North America 21% Europe 22% Africa/ Middle East 15% 28% 14% Asia/ Australia South America Equipment 37% Aftermarket, incl. rental 37% 26% Consumables

Orders received by customer category Revenues by business type Revenues by geographic area Construction Technique 32 Pro forma Construction Manufacturing Services 63% 11% 9% 4% 11% 2% Mining Others Process North America 10% Europe 37% Africa/ Middle East 11% 27% 15% Asia/ Australia South America Equipment 81% Aftermarket 19%

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.” 34 July 18, 2011