Giulio Mazzalupi Atlas Copco Group - Q4 Results Stockholm, February 12, 2001

Page 2 Feb. 12, 2001www.atlascopco-group.com Q4 Highlights  Order volume up 7 percent over strong Q  Outsourcing trend in rental business continue  Product innovation and increased service offering reinforce market position  Revenues and profits - highest recorded in any single quarter  Proposed dividend SEK 5.25 (4.75)

Page 3 Feb. 12, 2001www.atlascopco-group.com Contents  Market Development  Business Areas  Financials  Outlook

Page 4 Feb. 12, 2001www.atlascopco-group.com Volume Growth per Quarter

Page 5 Feb. 12, 2001www.atlascopco-group.com Group Total

Page 6 Feb. 12, 2001www.atlascopco-group.com Orders received, Oct - Dec 2000 Change in Local Currency +8% Portion of Group Sales Change in Local Currency Q / Q4 1999

Page 7 Feb. 12, 2001www.atlascopco-group.com Q4 - The Americas  High level of demand overall in North America  Outsourcing trend supports rental demand  Negative trend for professional electric tools  Industrial tools sales driven by productivity investments  Strong industrial compressors development  Strong mining demand in Canada  Brazil positive in mixed South America Portion of Group Sales Change in Local Currency Q / Q4 1999

Page 8 Feb. 12, 2001www.atlascopco-group.com Q4 - Europe and Africa/Middle East  Pick-up in Germany and Nordic from low level  Continued high level of demand in Southern Europe and Great Britain for all products  Mining markets in Africa, and Iran explain growth in region  Further increase in “use of product” revenues Portion of Group Sales Change in Local Currency Q / Q4 1999

Page 9 Feb. 12, 2001www.atlascopco-group.com Q4 - Asia and Australia  China - continued very strong demand, extension of local production capacity  Mixed in other Asia / Pacific  Positive development in Japan  Flat trend in India and South Korea  Australia at same level Portion of Group Sales Change in Local Currency Q / Q4 1999

Page 10 Feb. 12, 2001www.atlascopco-group.com Contents  Market Development  Business Areas  Financials  Outlook

Page 11 Feb. 12, 2001www.atlascopco-group.com Volume Growth per Quarter by Business Area

Page 12 Feb. 12, 2001www.atlascopco-group.com Compressor Technique  Innovations and after-market activities drive growth  Operating profit up 30%  Strong volume growth in most markets  Europe, South America and particularly China  Lower demand noted in North America  Restructuring of dryer and filter manufacturing  Benefits in R&D and economies of scale

Page 13 Feb. 12, 2001www.atlascopco-group.com Construction & Mining Technique  Good investment- and activity level in the mining sector  Several large contracts for consumables  Sales of construction equipment slowing down  More than 55% “use of product” revenues  Sales company start-ups  Egypt, Russia, Czech Republic

Page 14 Feb. 12, 2001www.atlascopco-group.com Industrial Technique  Very strong order intake for computer controlled tightening systems - MVI  Decreased demand for professional electric tools from the construction industry  Restructuring measures taken in Alliance Tools showing results

Page 15 Feb. 12, 2001www.atlascopco-group.com Rental Service  Trend to rent instead of buying continues  Solid increase in revenues - again  7 new greenfield operations  9 stores acquired  Merger - Rental Service Corp.  One rental fleet and one IS platform  Focus on capital efficiency  Fleet management  Seasonal effect and size/mix of rental fleet led to lower margins in the quarter

Page 16 Feb. 12, 2001www.atlascopco-group.com Earnings by Business Area Q4, excl. non-recurring items

Page 17 Feb. 12, 2001www.atlascopco-group.com Earnings by Business Area 2000, excl. non-recurring items

Page 18 Feb. 12, 2001www.atlascopco-group.com Contents  Market Development  Business Areas  Financials  Outlook

Page 19 Feb. 12, 2001www.atlascopco-group.com Income Statement

Page 20 Feb. 12, 2001www.atlascopco-group.com Balance Sheet December 31, 2000

Page 21 Feb. 12, 2001www.atlascopco-group.com Cash Flow

Page 22 Feb. 12, 2001www.atlascopco-group.com SEK m Quarterly 12months Net rental fleet investment = approx. SEK 4.0 billion Capital Expenditures in Tangible Fixed Assets

Page 23 Feb. 12, 2001www.atlascopco-group.com Earnings per Share and Dividend SEK *Proposed by the Board of Directors *

Page 24 Feb. 12, 2001www.atlascopco-group.com Contents  Market Development  Business Areas  Financials  Outlook

Page 25 Feb. 12, 2001www.atlascopco-group.com Total Demand Outlook February 2001 Near Term Demand Outlook Industrial and Geographical (Dotted Arrows Indicate Risk/Opportunity) Weight by Industry 13% 8% 6% 15% 28% 8% Building Manufacturing Automotive Mining Process Others 6% Services 16%Non-building Weight by Region North America 11% 4% 51% 30% Africa/Middle East Asia/Australia 4% South America Europe

Page 26 Feb. 12, 2001www.atlascopco-group.com The face of interaction

Page 27 Feb. 12, 2001www.atlascopco-group.com 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 the major customer credit losses.”

Page 28 Feb. 12, 2001www.atlascopco-group.com Contents  Q4 Highlights and Strategic Moves  Market Development  Business Areas  Financials  Outlook  Additional Information

Page 29 Feb. 12, 2001www.atlascopco-group.com Orders received, Oct - Dec 2000 Group Total 12,178 MSEK +19% Portion of Group Sales Change in value 2000 / 1999

Page 30 Feb. 12, 2001www.atlascopco-group.com Orders received, Jan - Dec 2000 Group Total 46,628 MSEK +28% Portion of Group Sales Change in value 2000 / 1999

Page 31 Feb. 12, 2001www.atlascopco-group.com Long Term Trend

Page 32 Feb. 12, 2001www.atlascopco-group.com Compressor Technique * EBIT in Q includes SEK 20 m. and EBIT in 2000 includes SEK 33 m. of non- recurring costs. Adjusted profit is SEK 815 m. and margin 19.9% for the quarter and SEK 2,770 m. and margin 18.8% for 2000.

Page 33 Feb. 12, 2001www.atlascopco-group.com Compressor Technique

Page 34 Feb. 12, 2001www.atlascopco-group.com Construction & Mining Technique

Page 35 Feb. 12, 2001www.atlascopco-group.com Construction & Mining Technique

Page 36 Feb. 12, 2001www.atlascopco-group.com * EBIT in Q includes SEK 83 m. of non-recurring gain. Industrial Technique

Page 37 Feb. 12, 2001www.atlascopco-group.com Industrial Technique

Page 38 Feb. 12, 2001www.atlascopco-group.com * EBIT in Q includes SEK 127 m. of non-recurring cost. Adjusted profit is SEK 1,982 m. and margin 14.2%. Rental Service

Page 39 Feb. 12, 2001www.atlascopco-group.com Rental Service

Page 40 Feb. 12, 2001www.atlascopco-group.com * Including non-recurring items Group Total*

Page 41 Feb. 12, 2001www.atlascopco-group.com Non-recurring items

Page 42 Feb. 12, 2001www.atlascopco-group.com Group Total exkl. non-recurring items

Page 43 Feb. 12, 2001www.atlascopco-group.com Earnings before Interest and Taxes SEK m. % month values EBIT margin excluding non-recurring items 1999 = 12.1%, 2000 = 13.8%

Page 44 Feb. 12, 2001www.atlascopco-group.com Taxes SEK m. %

Page 45 Feb. 12, 2001www.atlascopco-group.com Inventories, Customer Receivables and Net Rental Equipment Percent of Sales 12 Month Values

Page 46 Feb. 12, 2001www.atlascopco-group.com Cash and Interest Bearing Debt 1,899 Dec ,214 Dec ,052 Dec ,325 Dec ,270 Dec Net borrowings SEK m.