1. Atlas Copco Group
Q results
July 17, 2012
July 17, 2012

2. Q2 - highlights Healthy demand
Organic order intake declined slightly
Stable order intake for small and medium sized equipment
Lower order intake of large compressors and mining equipment
Strong development for the aftermarket
Sequential improvement in Asia, incl. China
Record revenues and operating profit
Continued strong value creation
July 17, 2012
July 17, 2012

3. Q2 - figures in summary
Orders received increased by 5% to MSEK , organic decline 2%
Revenues up 17% to a record of MSEK , organic growth 9%
Operating profit increased by 20% to MSEK (4 177)
Operating margin at 21.4% (20.9)
Profit before tax at MSEK (4 081)
Basic earnings per share SEK 2.98 (2.46)
Operating cash flow at MSEK (567)
July 17, 2012
July 17, 2012

4. Orders received - local currency
Group total 7+% YTD, +1% last 3 months
Structural change +3% YTD, +3% last 3 months 29 +6 +1 19 +2 -5 21 -4 +2 12
+15
-16 11
+18
+12 8
+29
+18
June 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
July 17, 2012

5. Q2 - the Americas Robust demand in North America
Order intake remained on a high level
Large mining orders in Mexico in Q2 2011
Sales of construction equipment improved
Orders received improved for all business areas in South America
Strong mining demand
Sequential improvement in Brazil 19 +2 -5 11
+18
+12
June 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
July 17, 2012

6. Q2 - Europe and Africa/Middle East
Orders received largely flat in Europe
Growth in Russia and Eastern Europe
Challenging market conditions in Western and Southern Europe
High level of orders in Africa / Middle East
Large orders in Q for mining equipment and compressed air equipment 29 +6 +1 12
+15
-16
June 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
July 17, 2012

7. Q2 - Asia and Australia Healthy demand in Asia
Order intake increased slightly
Positive year-on-year development for mining
Decrease for industrial compressors and construction equipment
Order volumes improved sequentially in China
Order growth in Australia
Mining demand remain on high level
Large Liquefied Natural Gas compressor order 21 -4 +2 8
+29
+18
June 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
July 17, 2012

8. Organic* growth per quarter
Atlas Copco Group, continuing operations
Change in orders received in % vs. same quarter previous year
*Volume and price
July 17, 2012

9. Atlas Copco Group – sales bridge
July 17, 2012
July 17, 2012

10. Revenues per business area
Atlas Copco Group
Revenues per business area
Construction Technique
15%
Compressor Technique
38%
Mining and Rock Excavation Technique
37%
10%
Industrial Technique
12 months until June 2012
July 17, 2012
July 17, 2012

11. Compressor Technique Healthy level of order intake
Lower orders for large equipment
Organic order decline of 7%
Good aftermarket development
Operating margin at 22.0% (24.0)
Increased investments in marketing and product development
Agreement to acquire compressor manufacturer in Turkey
Launch of full range of vacuum pumps
July 17, 2012
July 17, 2012

12. Industrial Technique Robust order intake
Continued strong demand from the motor vehicle industry
Slight decrease in order intake from the general industry
Good performance of the aftermarket
Operating margin at 22.8% (21.8)
July 17, 2012
July 17, 2012

13. Mining and Rock Excavation Technique
Continued strong mining activity
Order volumes for equipment declined
Strong aftermarket growth
Record revenues and operating profit
Operating margin at 24.8% (23.5)
July 17, 2012
July 17, 2012

14. Construction Technique
Overall demand largely unchanged
Orders received -2%, organically
Increased order intake in North America
Weakness in Asia and in Europe
Order intake increased sequentially in China and Brazil
Operating margin at 13.2% (13.9)
July 17, 2012
July 17, 2012

15. Group total
April – June 2012 vs. 2011
July 17, 2012
July 17, 2012

16. Profit bridge
April – June 2012 vs. 2011
July 17, 2012
July 17, 2012

17. Profit bridge – by business area
April – June 2012 vs. 2011
July 17, 2012
July 17, 2012

18. Balance sheet
July 17, 2012
July 17, 2012

19. Cash flow
July 17, 2012
July 17, 2012

20. Near-term outlook
The overall demand for Atlas Copco’s products and services is expected to remain at the current high level.
July 17, 2012
July 17, 2012

21. July 17, 2012

22. July 17, 2012

23. 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.”
July 17, 2012