1. Atlas Copco Group Q4 2012 results January 31, 2013
1. Committed to sustainable productivity
Atlas Copco is an industrial group with world-leading positions in products and services that deliver sustainable productivity.
Our business activities are conducted through separate operating divisions that work globally.
Wherever we are we strive to ensure reliable, lasting results with responsible use of resources: human, natural and capital.
My name is ……………………………… and I am …………………………………………..
I am grateful to meet you here today to tell our story.

2. Q4 - highlights Good quarter – record year Demand somewhat lower
Orders decreased for mining equipment and for gas- and process compressors
Aftermarket business continues to develop well
Solid profitability
Strong cash flow
Atlas Copco again ranked among world’s top sustainable companies
January 31, 2013

3. Q4 - figures in summary
Orders received decreased to MSEK , organic decline of 2%
Revenues up 2% to MSEK , organic growth 4%
Operating profit increased to MSEK (4 596)
Includes items affecting comparability of MSEK -192 (-241). Adjusted operating margin at 21.4% (21.7)
Profit before tax at MSEK (4 436)
Basic earnings per share SEK 2.80 (2.78)
Operating cash flow at MSEK (1 574)
Proposed dividend of SEK 5.50 (5.00) per share, totaling MSEK 6 674
January 31, 2013

4. Orders received - local currency
100 +4 -1 29 +1 -4 20 +4 22 -1 +2 11 +9 -5 11
+13 7
+11
-19
December 2012
A =
Share of orders received, year-to-date, %
B =
Year-to-date vs. previous year, %
C =
Last 3 months vs. previous year, % A B C
January 31, 2013

5. Q4 - the Americas Continued good demand in North America
Order intake increased for industrial compressors, industrial tools and construction equipment
Decrease for mining equipment
Orders increased in South America
Positive trend in Brazil
Two large orders for mining equipment 20 +4 11
+13
December 2012
A =
Share of orders received, year-to-date, %
B =
Year-to-date vs. previous year, %
C =
Last 3 months vs. previous year, % A B C
January 31, 2013

6. Q4 - Europe and Africa/Middle East
Orders received decreased year on year but improved sequentially
Strong order intake for compressors
Significantly weaker mining demand in Russia
Lower order intake in Africa / Middle East
No large orders 29 +1 -4 11 +9 -5
December 2012
A =
Share of orders received, year-to-date, %
B =
Year-to-date vs. previous year, %
C =
Last 3 months vs. previous year, % A B C
January 31, 2013

7. Q4 - Asia and Australia Stable demand in Asia
Good development in South Korea, India and South East Asia
Weak orders for gas and process compressors, mainly in China
Good order level in Australia
Fewer large orders compared to previous year 22 -1 +2 7
+11
-19
December 2012
A =
Share of orders received, year-to-date, %
B =
Year-to-date vs. previous year, %
C =
Last 3 months vs. previous year, % A B C
January 31, 2013

8. Organic* growth per quarter
Atlas Copco Group, continuing operations
Change in orders received in % vs. same quarter previous year
*Volume and price
January 31, 2013

9. Atlas Copco Group – sales bridge
January 31, 2013

10. Revenues per business area
Atlas Copco Group
Revenues per business area
Construction Technique
14%
Compressor Technique
38%
Mining and Rock Excavation Technique
37%
11%
Industrial Technique
12 months until December 2012
January 31, 2013

11. Compressor Technique Healthy demand
Slight increase in orders for industrial compressors
Low order intake for gas and process compressors
Record revenues and operating profit
Operating margin at 24.2% (23.3)
Supported by efficiency improvements
January 31, 2013

12. Industrial Technique Weaker demand for equipment
Positive development in North America, negative in Europe and Asia
Strong growth in aftermarket
Operating margin at 22.2% (23.6)
Investments in service presence and R&D
January 31, 2013

13. Mining and Rock Excavation Technique
Weaker demand for equipment
Stable order intake sequentially
Large orders in South America
Strong demand for service and parts
Operating margin at 23.8% (25.1)
Negative effect from lower production volumes and currency
Acquisition of shotcreting equipment manufacturer
January 31, 2013

14. Construction Technique
Organic order intake up 10%
North America and Asia improving
Weak Europe
Adjusted operating margin at 7.1% (6.6)
Including restructuring costs of MSEK 65 (75)
Low production volumes affect profit
Innovative products introduced
January 31, 2013

15. Group total
October – December 2012 vs. 2011
January 31, 2013

16. Profit bridge
October – December 2012 vs. 2011
January 31, 2013

17. Profit bridge – by business area
October – December 2012 vs. 2011
January 31, 2013

18. Balance sheet
January 31, 2013

19. Cash flow
January 31, 2013

20. 2012 – A record year
Strong demand in the first half, softer towards year end
Continued investments in market presence, service and product development
Investments for operational excellence
Record results
Order intake increased 4% to MSEK
Revenues up 11% to MSEK , 9% organic increase
Operating profit up 9% to MSEK
Operating cash flow of MSEK (6 292)
Proposed dividend of SEK 5.50 (5.00) per share, totaling MSEK 6 674
January 31, 2013

21. Revenues and operating profit
January 31, 2013

22. Atlas Copco Group Earnings per share, dividend and redemption, SEK
* Proposed by the Board of Directors
January 31, 2013

23. Near-term outlook
The overall demand for Atlas Copco’s products and services is expected to decrease somewhat.
January 31, 2013

25. January 31, 2013

26. 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.”
January 31, 2013