1. The SKF Group SKF Investor Relations April 2014

2. © SKF GroupSlide 1 SKF - A truly global company Established: 1907 Sales 2013: SEK 63,597 million Employees 2013: 48,401 Production sites: around 165 in 28 countries SKF presence: in over 130 countries Distributors/dealers:15,000 locations Global certificates:ISO 14001 OHSAS 18001 certification

3. © SKF GroupSlide 2 Vehicle aftermarket Net sales - 2013 Aerospace Railway Off-highway Trucks Two-wheelers and Electrical Industrial, general Cars and light trucks Industrial, heavy and special Industrial distribution Energy 9% Asia/Pacific Latin America North America Middle East & Africa Western Europe Eastern Europe Sweden * Previously published shares have been restated in February 2013

4. © SKF GroupSlide 3 North America Latin America Western Europe Eastern Europe Middle East and Africa Asia/Pacific Net sales Average number of employees Tangible asset % of group total SKF 2013 (18) (8)(13) (26)(13) (14) (2002) (1998) (25) (14) (19) (10) (12) (9) Sweden (4) (3) (5) (12)(15) (3) (9)(3) (2) (0) (47) (46)(53) (6) (5)(4) (5) (14)(12) (3) (9)(3) (2)(0) (48) (44)(53)

5. © SKF GroupSlide 4 Operating margin as reported %

6. © SKF GroupSlide 5 Return on capital employed %

7. © SKF GroupSlide 6 Growth in local currencies %

8. © SKF GroupSlide 7 Long-term financial targets 20% Return on capital employed 15% Operating margin, level 8% Changes in sales in local currency, incl. structure

9. © SKF Group Slide 8 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

10. © SKF Group15 October 2013Slide 9 To equip the world with SKF knowledge SKF Group Vision

11. © SKF GroupSlide 10 SKF BeyondZero SKF launched the BeyondZero TM portfolio with products and solutions, which will both improve energy efficiency and reduce the environmental impact. SKF revised targets for its climate strategy and also partnered with the WWF in their Climate Savers Programme. SKF’s climate strategy targets: Increase revenue from SKF BeyondZero portfolio from SEK 2.5 bn to SEK 10 bn by 2016 Reduce total annual energy use by 5% below the 2006 level by 2016 Reduce energy use per production output by 5% y-o-y from 2012 to 2016 Reduce CO 2 emissions per tonne-kilometre by 30% 2016 vs 2011 for transports managed by SKF Logistics Services Major suppliers certified according to ISO 50001 by 2016

12. © SKF Group Opened Planned Tianjin Taiwan Shanghai Pune Istanbul Johannesburg Brasil “IXION” Colombia Moscow Houston Monterrey Mexico Edmonton Nordic (Gothenburg) UK Germany Italy France Perth Rumania Cleveland Spain Poland Toronto Urumqui The Netherlands Abu Dhabi Manesar Slide 11 27 SKF Solution Factories 2013

13. © SKF GroupSlide 12 SKF Solution Factory Segments & Application Knowledge Platforms & Technology Competence Capabilities Sealing Solutions Mechanical Services Lubrication Solutions Training Center Bearing Service Workshop Condition Monitoring Services Remote Monitoring Center MaPro/CoMo Product Repair A & MC SKF Solution Factory

14. © SKF GroupSlide 13 Slab continuous caster – metal industry Telescopic actuators for mould adjustment SKF DryLube Bearings and SNL Housings for roll out table SKF ConRo Top roll line units SKF ConRo Low roll line units SKF sealed self- aligning bearing system (CARB and spherical roller bearings) and centralized lubrication system for roll lines SKF ConRo Compact roll line units SKF Caster Analyst System for roll lines

15. © SKF GroupSlide 14 Wheel-loader – Construction Central gear Hybrid pinion units Wheel end Integrated smart wheel bearing units with sensors SKF Mudblock cassette seals Motor hood Electromechanical actuators Chassis lubrication Centralized lubrication systems

16. © SKF GroupSlide 15 New pitch bearing design with improved corrosion protection DRTRB-unit SKF Nautilus with segmented cage for minimized friction New CRB-design with extra-high carrying capacity for wind-gearboxes. XL Hybrid bearings with ceramic balls for superior insulation SKF WindCon 3.0/Webcon Intranet supervised condition monitoring Automatic centralized lubrication kits for reduced maintenance cost Wind turbine - Energy

17. © SKF GroupSlide 16 SKF’s environmentally positive customer solutions Designed for environment A solution that is primarily designed to improve environmental performance by itself E2 - 30% less energy compared to a standard bearing SKF’s solutions which realize significant environmental benefits Applied for environment A solution that enables improved environmental performance in a specific application SKF sensor bearing Stop-start system Up to 15% better fuel economy of the car

18. © SKF GroupSlide 17 SKF energy efficient (E2) bearings Peru Industria Textil Piura 60,000 E2 deep groove ball bearing India Sangam Group China Conveyors used in mining industry. 130,000 E2 bearing Indonesia Leuwijaya Textile 30,000 E2 bearing potential 325,000 for 3 different customers

19. © SKF GroupSlide 18 What is SKF knowledge?

20. © SKF GroupSlide 19 SKF technology platforms Bearings and units

21. © SKF GroupSlide 20 SKF technology platforms Seals

22. © SKF GroupSlide 21 SKF technology platforms Mechatronic

23. © SKF GroupSlide 22 SKF technology platforms Lubrication systems

24. © SKF GroupSlide 23 SKF technology platforms Service

25. © SKF GroupSlide 24 Acquisition 2003-2013 Identifying gaps and opportunities in all platforms Products Technologies Geographies Industries SNFA (2006) S2M (2007) QPM (2008) Economos (2006) Macrotech (2006) Macrotech (2009) Baker (2007) PMCI (2007) PB&A (2006) Monitek (2006) Safematic (2006) Vogel (2004) ALS (2007) Sommers (2005) ABBA (2007) Jaeger (2005) Peer (2008) GLO (2008) TCM (2003) Scandrive (2003) Cirval (2008) Lincoln Industrial (2010) GBC (2012) BVI (2013) Kaydon (2013) Seals Bearings and units Lubrication systems Services Mechatronics

26. SKF First-quarter results 2014 Tom Johnstone, President and CEO 15 April 2014

27. © SKF Group 15 April 2014 Highlights Q1 2014 Examples of new business Hindustan Aeronautics Ltd, India: customized bearings for helicopter transmission and main rotor Bell Helicopter Textron Inc.,USA: elastomeric bearings Turbogaz, Ukraina: magnetic bearings SCA, BillerudKorsnäs, Vattenfall, Sweden: condition monitoring solutions Geely Automobile, China: transmission seals Volkswagen, Germany: energy efficient tapered roller and ball bearings One of the largest cement producersmajor service contract in Latin America: Slide 26 Examples of new products: Extended range of infrared thermometers

28. © SKF Group 15 April 2014 Awards received in Q1 2014 Customer awards Technical Cooperation Award, Goldwind Supplier of the Year Award, Varian Medical Systems Volvo Cars Quality Excellence (VQE) Award Excellent Supplier Award, Geely Excellent Quality Supplier Award, Hino Motors Supplier of the Year Award, General Motors Slide 27 Golden Mousetrap Awards Best Product of the Year for Electronics & Test, Editors of Design News

29. © SKF Group 15 April 2014 SKF Group – Q1 2014 Slide 28 Financial performance20142013 Net sales, SEKm16,73415,152 Operating profit, SEKm2,0241,480 Operating margin, %12.19.8 Operating margin excl. one-time items, %11.4 Profit before tax, SEKm1,7871,237 Cash flow after investments before financing, SEKm-259-892 Cash flow from operations, SEKm314403 Organic sales growth in local currency: SKF Group:5.8%Europe:4% Strategic Industries:6.5%North America:3% Regional Sales and Service:3.0%Asia:11% Automotive:8.1%Latin America:4% Key points Sales volumes up by 6.2% y-o-y Manufacturing higher compared to last year

30. © SKF Group 15 April 2014 Organic sales growth in local currency Slide 29 % change y-o-y 201220132014

31. © SKF Group 15 April 2014 Organic sales growth in local currency Slide 30 % y-o-y Structure in 2012: 0.4% Structure in 2013: 2.5% Structure in 2014: 4.7% -2.5% -0.7% 5.8%

32. © SKF Group 15 April 2014 Growth development by geography Organic growth in local currency Q1 2014 vs Q1 2013 Slide 31 Europe 4% Asia/Pacific 11% Middle East & Africa 21% Latin America 4% North America 3%

33. © SKF Group 15 April 2014 Components in net sales Slide 32 201220132014 Percent y-o-y Q1Q2Q3Q4Q1Q2Q3Q4Q1 Volume-0.8-2.8-5.0-5.9-8.7-1.62.27.16.2 Structure-0.10.00.81.01.52.61.14.84.7 Price/mix1.92.00.50.7 -0.6-0.2 -0.4 Sales in local currency 1.0-0.8-3.7-4.2-6.50.43.111.710.5 Currency0.43.6-2.7-3.6-4.0-5.0-2.2-2.1-0.1 Net sales1.42.8-6.4-7.8-10.5-4.60.99.610.4

34. © SKF Group 15 April 2014 Operating profit as reported Slide 33 SEKm 201220132014

35. © SKF Group 15 April 2014 Operating profit excluding one-time items Slide 34 SEKm 201220132014

36. © SKF Group 15 April 2014 Operating margin Slide 35 % 5.8 11.3 12.0* 11.9* One-time items * Excluding one-time items 12.1 11.4*

37. © SKF Group 15 April 2014 Slide 36 Regional Sales and Service Specialty Business Automotive % 201220132014 Excluding one-time items (eg. restructuring, impairments, capital gains) Operating margin per business area Strategic Industries

38. © SKF Group 15 April 2014 Net working capital as % of annual sales Slide 37 % 201220132014

39. © SKF Group 15 April 2014 Return on capital employed Slide 38 % 14.6* 7.5 8.4 16.2 17.1* 15.1* One-time items * Excluding one-time items 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.

40. © SKF Group 15 April 2014 Cash flow, after investments before financing Slide 39 SEKm 201220132014 Excl. acquisitions and divestments:*Q3 2012SEK 1,707 million **Q1 2013SEK -69 million ***Q3 2013SEK 871 million ****Q4 2013SEK 1,170 million ****

41. © SKF Group 15 April 2014 Net debt Slide 40 SEKm 201220132014 AB SKF, dividend paid (SEKm) : 2012 Q22,504 2013 Q22,530 Cash out from acquisitions (SEKm) : 2012 Q3829 2013 Q1823 2013 Q47,900 Net debt:Loans and net provisions for post-employment benefits less short-term financial assets excluding derivatives.

42. © SKF Group 15 April 2014 Debt structure, maturity years Slide 41 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 200 100 110 500 850

43. © SKF Group 15 April 2014 First quarter 2014 Slide 42 SEKm 20142013 Net sales16,73415,152 Operating profit2,0241,480 Operating margin, %12.19.8 Operating margin excl. one-time items %11.4 Profit before taxes1,7871,237 Net profit1,275818 Basic earnings per share, SEK2.721.74 Cash flow, after investments before financing-259-892 Cash flow from operations314403

44. © SKF Group 15 April 2014 April 2014: SKF demand outlook Q2 2014 Slide 43 Demand compared to the second quarter 2013 The demand for SKF’s products and services is expected to be slightly higher for the Group, North America and Asia. It is expected to be relatively unchanged for Europe and slightly lower for Latin America. For Strategic Industries and Automotive it is expected to be slightly higher and for Regional Sales and Service relatively unchanged. Demand compared to the first quarter 2014 The demand for SKF’s products and services is expected to be slightly higher for the Group, for North America and Asia. It is expected to be relatively unchanged for Latin America. For Strategic Industries and Automotive it is expected to be slightly higher and for Regional Sales and Service relatively unchanged. Manufacturing Manufacturing is expected to be higher year over year and slightly higher compared to the first quarter.

45. © SKF Group 15 April 2014 SKF demand outlook Q2 2014, main regions Share of net sales 2013 Europe42% Asia Pacific24% North America24% Latin America7% Total Q2 2014 vs Q2 2013 +/- + + - + Slide 44 Sequential trend for Q2 2014

46. © SKF Group 15 April 2014 SKF demand outlook Q2 2014, main business areas Share of net sales 2013 Strategic Industries 29% Regional Sales and Service 39% Automotive27% Total Q2 2014 vs Q2 2013 + +/- + + Slide 45 Sequential trend for Q2 2014

47. © SKF Group 15 April 2014 SKF sequential volume trend Q2 2014, Industries Slide 46 5%Energy 14%Cars and light vehicles 11%Vehicle service market 6%Aerospace 4%Railway 2%Two-wheelers and Electrical 29%Industrial distribution 13%Industrial, heavy, special and off-highway 11%Industrial, general 5%Trucks Share of net sales 2013

48. © SKF Group 15 April 2014 Guidance for the second quarter 2014* Slide 47 Tax level: around 30% Financial net for the second quarter: Around SEK -230 million Currency impact on operating profit versus 2013 Q2: SEK -125 million Full year: SEK -350 million Additions to PPE: Around SEK 1.6 billion for 2014 * Guidance is approximate and based on current assumptions and exchange rates.

49. © SKF Group 15 April 2014 SKF’s priorities Slide 48 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 Investments & Innovation New and existing facilities Research and development IT systems and mobility Cost reduction Business Excellence Consolidation of manufacturing Optimization and productivity improvements Reduction in purchasing costs Capital efficiency Fixed capital Net working capital

50. © SKF Group 15 April 2014 Cautionary statement Slide 49 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”.

51. © SKF Group15 October 2013Slide 50

52. © SKF Group15 October 2013Slide 51 Welcome to the IR website – www.skf.com > Investors Investor Relations function: Head: Marita Björk Tel: +46 31 3371994 Mobile: +46 705 181994 E-mail: marita.bjork@skf.com Investor Relations: Anna Alte Tel: +46 31 3371988 Mobile: +46 705 271988 E-mail: anna.alte@skf.com Event and road shows coordinator: Helena Karlsson Tel: +46 31 3372142 Mobile: +46 705 642142 E-mail: helena.karlsson@skf.com