1. SKF Year-end results 2013 Tom Johnstone, President and CEO

2. © SKF Group Key achievements 2013 28 January 2014Slide 1 Bearing Acquisitions and divestments: acquisition of German-based ship components provider Blohm + Voss Industries (BVI) acquisition of US-based Kaydon Corporation divestment of the aerospace metallic rods business New facilities: lubrication systems laboratory in SKF Global Technical Centre, India manufacturing unit in Pune in India for producing housings for bearings gearbox remanufacturing centre in Tianjin, China SKF opened six new SKF Solution Factories: in Toronto, Canada, in Manesar, India, in Urumqi, China and in Abu Dhabi, United Arab Emirates. There are now 27 SKF Solution Factories worldwide.

3. © SKF GroupSlide 2 Key achievements 2013 In 2013, SKF provided around SEK 4 billion in verified savings for customers and since 2003 the accumulated figure is over SEK 27 billion. SKF Distributor College awarded its 200,000th certificate. The recipient is Yang Chunxiao, an employee of Shandong Jiarui Industry Develop Co, Ltd, one of SKF’s Certified Maintenance Partners in China, who completed a course on ”selling value”. 28 January 2014 SKF was included in the FTSE4Good Index Series for the 13th successive year SKF was included in the Dow Jones Sustainability Indexes for the 14th successive year SKF’s factories in Ahmedabad, India and in Dalian, China was awarded LEED Gold certification.

4. © SKF Group Examples of new business in Q4 2013 SKF is providing bearings, lubrication systems and engineering support for a US-based pump producer for London’s Lee Tunnel Project is building its largest-ever waste water pump, which will contribute to London’s storm water and sewage overflow issues. SKF received an order for compact tapered bearing unit from Tikhvin Freight Car Building Plant, affiliated to United Wagon Company LLC. The value of the order is around SEK 120 million. SKF was awarded by CSR ZHUZHOU ELECTRIC CO., LTD in China a contract for locomotive bearings for a value of SEK 76 million. SKF gained lubrication business worth SEK 38 million from a heavy industry customer in Peru. Slide 328 January 2014 SKF started deliveries of wheel hub bearing units and MacPherson suspension bearing units to Volvo Car Corporation in their new factory in Chengdu, China for the delivery of the newly launched Volvo S60L car model. SKF received an order from Hyundai Motors as a supplier of the recently launched robust MacPherson suspension bearing unit. The value of the order is around SEK 370 million.

5. © SKF Group Examples of new business in Q1 – Q3 2013 New business with Pratt & Whitney, to supply engine main shaft bearings with Nordex for delivery of main shaft bearings and lubrication systems for automated lubrication systems installed in the MSC Home Terminal cranes in Belgium’s Port of Antwerp with Turbomeca a 10-year contract worth SEK 900 million with Fiat for the delivery of wheel hub bearing units, worth SEK 1 billion with Great Wall Motors in China for high pressure valve stem seals, hub bearing units and bearing retainers. SKF and Great Wall Motors also signed a strategic partnership for developing sustainable solutions in energy efficient vehicles. with Goldwind for SKF Nautilus bearing units, worth SEK 100 million with Tangshan Loco and Changchun Railway Co for wheel set bearings for high speed trains with Wuhan Iron & Steel Heavy Industry Group Co, Ltd (WISCO Heavy) to establish a remanufacturing centre in Wuhan, China. Slide 428 January 2014

6. © SKF Group28 January 2014Slide 5 Examples of new technologies, products and solutions 2013 High pressure valve stem seal with lower friction SKF Extended Life spherical plain bearing An energy efficient high speed permanent magnet solution Sealed SKF single row angular contact ball bearings Reinforced all-rubber HSS seals Super precisions bearings for wood-working applications SKF Axial excluder seal SKF Condition Based Lubrication SKF extreme temperature bearings SKF Telescopic pillars series CPMA and CPMB for medical equipment Robust angular steering column bearing SKF Insight TM Internally powered sensors and data acquisition electronics sensing directly on the bearing

7. © SKF GroupSlide 6 SKF Group – Q4 2013 Financial performance20132012 Net sales, SEKm16,43014,984 Operating profit, SEKm -1,5471,221 Operating margin, % -9.48.1 Operating margin excl. one-time costs,%11.0 10.2 Profit before tax, SEKm-1,760969 Cash flow, SEKm -6,7321,076 Organic sales growth in local currency: SKF Group: 6.9% Strategic Industries: 6.5% Regional Sales and Service:4.6% Automotive:10.8% Key points Sales volumes up by 7.1% y-o-y Manufacturing higher compared to last year Inventories 21.5% of sales (20.9% excluding Kaydon) Europe:3% North America:4% Asia:15% Latin America:11% 28 January 2014

8. © SKF Group3 August 2015Slide 7 SKF Group – 2013 Financial performance20132012 Net sales, SEKm63,59764,575 Operating profit, SEKm 3,6937,314 Operating margin, % 5.811.3 Operating margin excl. one-time costs,%11.9 12.0 Profit before tax, SEKm2,8216,408 Cash flow, SEKm -5,3423,555 Organic sales growth in local currency: SKF Group: -0.7% Strategic Industries: -4.1% Regional Sales and Service:-2.1% Automotive:5.3% Key points Sales volumes down by -0.7% y-o-y Manufacturing relatively unchanged compared to last year Inventories 21.5% of sales (20.9% excluding Kaydon) Europe:-3% North America:-3% Asia:2% Latin America:10% 28 January 2014

9. © SKF Group Operating profit excluding one-time costs SEKm Q4 20132013 Reported operating loss/profit-1,5473,693 Reported operating margin-9.4%5.8% One-time costs: European Commission provision-3,000 Kaydon-260 Other-90-615 Total one-time costs-3,350-3,875 Operating profit excl. one-time costs1,8037,568 Operating margin excl. one-time costs11.0%11.9% Slide 828 January 2014

10. © SKF Group Adjusted 2013 key figures % Reported 2013 Excl. EC provision Excl. Kaydon Inventories of annual sales21.5-20.9 Net working capital of sales31.7-30.6 ROCE7.513.4- ROE4.617.7- Equity/assets ratio29.834.0- Gearing52.956.0- Net debt/equity117.3102.7- Slide 928 January 2014

11. © SKF GroupSlide 10 Organic sales growth in local currency 2013 2011 2012 % change y-o-y 28 January 2014

12. © SKF GroupSlide 11 Europe 3% Asia/Pacific 15% Latin America 11% Middle East & Africa 16% North America 4% Growth development by geography Organic growth in local currency Q4 2013 vs Q4 2012 28 January 2014

13. © SKF GroupSlide 12 Europe -3% Asia/Pacific 2% Latin America 10% Middle East & Africa 3% North America -3% Growth development by geography Organic growth in local currency 2013 vs 2012 28 January 2014

14. © SKF GroupSlide 13 Components in net sales Percent y-o-y Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4 Volume 20.112.66.20.0-0.8-2.8-5.0-5.9-8.7-1.62.27.1 Structure 5.04.45.14.8-0.10.00.81.01.52.61.14.8 Price/mix 1.31.62.02.81.92.00.50.7 -0.6-0.2 Sales in local currency 26.418.613.37.61.0-0.8-3.7-4.2-6.50.43.111.7 Currency -10.8-12.2-6.3-2.10.43.6-2.7-3.6-4.0-5.0-2.2-2.1 Net sales 15.66.47.05.51.42.8-6.4-7.8-10.5-4.60.99.6 2011 2012 2013 28 January 2014

15. © SKF GroupSlide 14 Growth in local currency, including structure % y-o-y Structure in 2011: 4.8% Structure in 2012: 0.4% Structure in 2013: 2.5% 1.8% 16.3% -2.1% 28 January 2014

16. © SKF GroupSlide 15 Operating profit as reported SEKm 2011 2012 2013 28 January 2014

17. © SKF GroupSlide 16 Operating profit excluding one-time items SEKm 2011 2012 2013 28 January 2014

18. © SKF GroupSlide 17 % One-time items * Excluding one-time items 14.7* 11.9* 5.8 14.5 12.0* Operating margin 11.4 28 January 2014

19. © SKF GroupSlide 18 Operating margin per business area Strategic Industries Regional Sales and Service Automotive % 2011 2012 2013 Excluding one-time items (eg. restructuring, impairments, capital gains) 28 January 2014

20. © SKF GroupSlide 19 Inventories as % of annual sales % 2011 2012 2013 28 January 2014 excl. Kaydon

21. © SKF GroupSlide 20 Return on capital employed ROCE: Operating profit plus interest income, as a percentage of twelve months rolling average of total assets less the average of non-interest bearing liabilities. % 16.2 7.5 23.6 17.2* 15.1* 23.9* One-time costs * Excluding one-time costs 28 January 2014

22. © SKF Group New ROCE and Net working capital targets 28 January 2014Slide 21 SKF financial targetsPrevious targetsNew targets Operating margin level15% Annual sales growth in local currencies 8% ROCE27%20% Net working capital of sales-27% Inventories of sales18%-

23. © SKF Group Key elements of capital efficiency -8 percentage points in 11 years Flat over 11 years Plant and property as % of sales Net working capital as % of sales Main actions Continue PPE and sales ratio going forward Step-up activities to: - work with flexibility in our factories to reduce inventory - improve collection of accounts receivables - get effects on A/P from new purchasing activities * Excluding Kaydon 28 January 2014Slide 22

24. © SKF GroupSlide 23 Cash flow, after investments before financing SEKm 2011 2012 2013 Excl. acquisitions and divestments:*Q3 2012SEK 1,707 million **Q1 2013SEK -69 million ***Q3 2013SEK 871 million ****Q4 2013SEK 1,170 million * ** *** 28 January 2014 ****

25. © SKF GroupSlide 24 Net debt SEKm AB SKF, dividend paid (SEKm) : 2011 Q22,277 2012 Q22,504 2013 Q22,530 2011 2012 2013 Net debt:Loans and net provisions for post-employment benefits less short-term financial assets excluding derivatives. Cash out from acquisitions (SEKm) : 2012 Q3829 2013 Q1823 2014 Q47,900 28 January 2014

26. © SKF Group Debt structure, maturity years 28 January 2014Slide 25 EURm 100 500 110 500 850 Available credit facilities: EUR 500 million 2017 SEK 3,000 million 2016 SEK 3,000 million 2017 No financial covenants nor material adverse change clause

27. © SKF GroupSlide 26 SEKm 20132012 Net sales16,43014,984 Operating loss/profit-1,5471,221 Operating profit excl. one-time costs1,8031,521 Operating margin, %-9.48.1 Operating margin excl. one-time costs, %11.010.2 Loss/profit before taxes-1,760969 Net loss/profit-2,043995 Basic earnings per share, SEK-4.572.12 Cash flow, after investments before financing -6,7321,076 Fourth quarter 2013 28 January 2014

28. © SKF GroupSlide 27 SEKm 20132012 Net sales63,59764,575 Operating profit3,6937,314 Operating profit excl. one-time costs7,5687,754 Operating margin, %5.811.3 Operating margin excl. one-time costs, %11.912.0 Profit before taxes2,8216,408 Net profit1,0444,816 Basic earnings per share, SEK2.0010.23 Cash flow, after investments before financing -5,342*3,555* Full year 2013 * excluding acquisitions and divestments, SEK 3,117 million (4,188). 28 January 2014

29. © SKF GroupSlide 28 January 2014: SKF demand outlook Q1 2014 Demand compared to the first quarter 2013 The demand for SKF’s products and services is expected to be slightly higher for the Group, Europe and North America. It is expected to be slightly lower in Latin America and higher in Asia Pacific. For Strategic Industries it is expected to be relatively unchanged, for Regional Sales and Service slightly higher and for Automotive higher. Demand compared to the fourth quarter 2013 The demand for SKF’s products and services is expected to be slightly higher for the Group, Europe and North America. It is expected to be relatively unchanged in Asia Pacific and slightly lower in Latin America. For Regional Sales and Service and Automotive it is expected to be slightly higher and for Strategic Industries relatively unchanged. Manufacturing Manufacturing is expected to be higher year over year and slightly higher compared to the fourth quarter. 28 January 2014

30. © SKF GroupSlide 29 Share of net sales 2013 Europe42% Asia Pacific24% North America24% Latin America7% Total Q1 2014 vs Q1 2013 + ++ + - + Sequential trend for Q1 2014 SKF demand outlook Q1 2014, regions 28 January 2014

31. © SKF GroupSlide 30 Sequential trend for Q1 2014 Share of net sales 2013 Strategic Industries 29% Regional Sales and Service 39% Automotive27% Total Q1 2014 vs Q1 2013 +/- + ++ + SKF demand outlook Q1 2014, business areas 28 January 2014

32. © SKF GroupSlide 31 29% 14% 11% 12% 5% 3% 5% Industrial distribution Cars and light vehicles Vehicle service market Industrial, general Industrial, heavy, special and off-highway Energy Aerospace Two-wheelers and Electrical Railway Trucks Share of net sales 2013 SKF sequential volume trend Q1 2014, main segments 28 January 2014

33. © SKF GroupSlide 32 Guidance for the first quarter 2014* Tax level: around 30% Financial net for the first quarter: Around SEK -250 million Currency impact on operating profit versus 2013 Q1: SEK -90 million Full year: SEK -300 million Additions to PPE: Around SEK 1.6 billion for 2014 * Guidance is approximate and based on current assumptions and exchange rates 28 January 2014

34. © SKF GroupSlide 33 Dividend proposal AB SKF’s Board proposes an unchanged dividend of SEK 5.50 per share to the Annual General Meeting 28 January 2014

35. © SKF GroupSlide 34 SKF’s priorities Sustainable profitable growth Expand the platform concept Exploit the asset life cycle approach Develop new products and grow SKF BeyondZero portfolio Extend and grow second brands Acquisitions Capital efficiency Fixed capital Net working capital Cost reduction Business Excellence Consolidation of manufacturing Optimization and productivity improvements Reduction in purchasing costs Investments & Innovation New and existing facilities Research and development IT systems and mobility 28 January 2014

36. © SKF GroupSlide 35 Cost reduction – specific programme 2012-2015 Main activities: Consolidation of manufacturing - merger between sites - transfer to faster growing markets with more local production Optimization and productivity improvements - in the manufacturing and demand chain processes - in administration and support functions Reduction in purchasing cost - mainly through standardization and rationalization of the supplier base. Reduction of annual cost by SEK 3 billion by the end of 2015 - Total cost for the programme around SEK 1.5 billion - 2,500 people impacted, 28 January 2014

37. © SKF Group SKF cost reduction programme - restructuring status SEKm Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Total Cost2002501901550505705 Full year saving15010080540225375 People530410320151308751,405

38. © SKF GroupSlide 37 Cautionary statement 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 www.skf.com) under the Administration Report; “Important factors influencing the financial results", "Financial risks" and "Sensitivity analysis”. 28 January 2014

39. © SKF Group15 October 2013Slide 38