1 SKF Q3 results 2015 Alrik Danielson, President and CEO 16 October 2015

© SKF Group 16 October Q Summary Slide 2  Sales SEKm, +3.3% yoy  Organic sales -4.7%  Operating profit* SEKm (2 092)  Operating margin* 10.8% (11.8)  Profit before tax SEKm (1 827)  Cash flow after investments before financing SEKm (1 476) Net sales 18.4 bn Operating profit* M * Excluding one-time items ** After net investments before financing, excluding acquisitions and divestments and EU payment in 2014 Cash flow** M 17.8 bn M M

© SKF Group 16 October Sales development by geography Organic growth in local currency Q vs Q Slide 3 Europe -0.7% Asia/Pacific -7.8% Middle East & Africa 12.2% Latin America 0.9% North America -10.8%

© SKF Group 16 October Sales development by Customer Industry Slide 4 Industrial Distribution EnergyRailway Trucks Industry, general Cars and light trucks Aerospace Two-wheelers and Electrical Industrial, heavy and special and Off-highway Vehicle Service Market

© SKF Group 16 October Highlights - examples of new business in Q  Geely Auto, ChinaWheel hub and MacPherson suspension bearing units  MAN, GermanyTruck-matched wheel-end units  Tsakos Columbia Shipmanagement Condition monitoring solutions S.A. (TCM), Greece  Hanbell, ChinaStrategic cooperation agreement to jointly develop magnetic chiller centrifugal compressors Slide 5

© SKF Group 16 October Highlights – other quarterly highlights Slide 6  Divestment of Canfield Technologies, Inc. to Gen Cap America, a private equity firm headquartered in Nashville, Tennessee completed.  A new Kaydon bearings manufacturing facility opened in Cajamar, São Paulo, Brazil  New products: - upgraded a range of small size sealed SKF Explorer spherical roller bearings, that can significantly improve reliability and reduce maintenance of gearless traction motors for elevators. - a new generation of highly effective and easily maintained shaft seals for wind turbines. - a new SKF Customized Interfacing that integrates the condition monitoring suite with customers ERP and CMMS solutions.

7 SKF Q3 results 2015 Christian Johansson, CFO 16 October 2015

© SKF Group 16 October Sales development Slide Percent y-o-y Q1Q2Q3 Organic Structure Currency Net sales Net sales, SEK bn

© SKF Group 16 October Organic sales growth Slide 9 % change y-o-y

© SKF Group 16 October Operating profit excluding one-time items Slide 10 SEKm

© SKF Group 16 October Operating profit bridge, Q Slide SEKm Q3 2014Q One-time items at 2014 exchange rates Currency impact Other*Organic sales * Includes, manufacturing and purchasing impacts, IT project, R&D and general inflation. -15 Savings from cost-reduction programme Divested/ aquired companies

© SKF Group 16 October Slide 12 Operating performance per business area Industrial Market Operating margin*, % Automotive Market Operating margin*, % Specialty Business Operating margin*, % 13.0% 5.7% 11.0% 14.6% 4.6% 13.4%  Net sales SEKm  Organic sales -5.3%  Operating margin declined to 13.0%  Net sales SEKm  Organic sales -0.5%  Operating margin improved to 5.7%  Net sales SEKm  Organic sales -8.2%  Operating margin declined to 11.0%  Canfield Technologies divested * Excluding one-time items

© SKF Group 16 October Cost reduction programme from December 2014 Cost reduction programme Q Q Q YTD 2015Target Restructuring cost in the quarter Full year savings from people that will leave SKF Number of people that will leave Savings included in the 2015 Operating profit Slide 13

© SKF Group 16 October SKF Group – Q Slide 14 Financial performance (SEKm) Net sales Cost of goods sold Gross profit Gross margin, % Selling and administrative expenses Other operating expenses56 Operating profit One-time items Operating profit excl. one-time items Operating margin, % Operating margin excl. one-time items, % Financial income and expense, net Profit before taxes Taxes Net profit Basic earnings per share, SEK

© SKF Group 16 October Cash flow, after investments before financing* Slide 15 SEKm * Excluding acquisitions and divestments and EU payment in Q and 2014 are restated

© SKF Group 16 October Net working capital as % of annual sales Slide 16 % Target: 27% Total NWC 29.7% Inventories 20.5% Trade receivables 17.0% Trade payables 7.8%

© SKF Group 16 October Financial position Slide 17 Net debt SEK bn Net debt:Loans and net provisions for post-employment benefits less short-term financial assets excluding derivatives. Net debt/equity % %

© SKF Group 16 October Debt structure, maturity years Slide 18 Available credit facilities: EUR 500 million 2019 SEK million 2018 EUR 150 million 2017 No financial covenants nor material adverse change clause

© SKF Group 16 October Guidance for 2015* Slide 19 Q4 2015:  Financial net: around -300 million  Currency impact on operating profit vs 2014 Q4: +250 million, based on exchange rates per September :  Tax level: below 30% for 2015  Additions to PPE: around million for 2015 * Guidance is approximate and based on current assumptions and exchange rates.

© SKF Group 16 October SKF demand outlook - Definition Slide 20 The demand outlook for SKFs products and services represents management's best estimate based on current information about the future demand from our customers. The demand outlook is the expected volume development in the markets where our customers operate.

© SKF Group 16 October October 2015: SKF demand outlook Q Slide 21 Demand compared to the fourth quarter 2014 The demand for SKF’s products and services is expected to be lower for the Group where demand for the Automotive Market is expected to be relatively unchanged, while demand for the Specialty Business is expected to be slightly lower and demand for the Industrial Market is expected to be lower. Split by market, demand is expected to be relatively unchanged in Europe and Latin America and significantly lower in North America and Asia. Demand compared to the third quarter 2015 The demand for SKF’s products and services is expected to be slightly lower for the Group where demand for the Industrial Market and the Automotive Market is expected to be slightly lower while demand for the Specialty Business is expected to be relatively unchanged. Split by market, demand is expected to be relatively unchanged in Europe and slightly lower in North America, Latin America and Asia.

© SKF Group 16 October Financial calendar Slide 22 Capital Markets Day 2015November 4 Report on the fourth quarter 2015February 2 Annual Report 2015March 8 Annual General MeetingMarch 31 Report on the first quarter 2016April

23 SKF Q3 results 2015 Q & A 16 October 2015

© SKF Group 16 October Cautionary statement Slide 24 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 under the Administration Report; “Important factors influencing the financial results", "Financial risks" and "Sensitivity analysis”.