1. February 2, 2010 www.atlascopco.com1 Atlas Copco Group Q4 Results February 2, 2010

2. February 2, 2010 www.atlascopco.com2 Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  2009 Summary  Outlook

3. February 2, 2010 www.atlascopco.com3 Q4 - Highlights  Slight improvement in demand compared with previous quarters –Noticeable in most emerging markets… –…and from the mining industry –Still low investment level  Sales of aftermarket products and services increased  Healthy profit margins –Low volumes continue to affect negatively –Cost reductions, favorable sales mix and low financial costs gave support  Operating cash flow remained very strong  Proposed dividend of SEK 3.00 (3.00) per share and a share buyback program

4. February 2, 2010 www.atlascopco.com4 Q4 - Figures in summary  Organic order intake down 9%... –…but flat if adjusted for cancellations previous year  Revenues of MSEK 15 942; 18% organic decline  Operating profit at MSEK 2 450 (3 288) –Restructuring cost of MSEK 80 (258) –Adjusted operating margin of 15.9% (18.7)  Profit before tax at MSEK 2 324 (3 508) –Previous year included tax-free gain of MSEK 939  Earnings per share SEK 1.39 (2.39)  Operating cash flow MSEK 3 672 (2 401)

5. February 2, 2010 www.atlascopco.com5 Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  2009 Summary  Outlook

6. February 2, 2010 www.atlascopco.com6 Orders received - Local currency December 2009 ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, % 10-15+25 16-38-12 36-300 12-28-23 21-15+15 5-25-9 Group total -27% YTD, 0% last 3 months Effect of cancellations 1% YTD, 9% last 3 months

7. February 2, 2010 www.atlascopco.com7 Q4 - The Americas  Slight sequential improvement in North America –Sales of industrial equipment and related aftermarket improved somewhat –Construction remain very weak  Order growth in South America –Improved demand for mining and construction equipment December 2009 ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, % 10-15+25 16-38-12

8. February 2, 2010 www.atlascopco.com8 Q4 - Europe and Africa/Middle East  Overall demand remained low in Europe, but… –…slight improvement in Germany and in the Nordic countries –…improved demand from mining industry in Eastern Europe –Solid aftermarket  Weak quarter in Africa / Middle East –Sales of gas and process compressors declined –No improvement in Southern Africa December 2009 ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, % 36-300 12-28-23

9. February 2, 2010 www.atlascopco.com9 Q4 - Asia and Australia  Positive development for all business areas in Asia –Growth in China, India and many other markets in South Asia. –Negative development in Japan and South Korea  Gradual recovery of demand in Australia –Pick-up in the mining industry December 2009 A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, % ABC 21-15+15 5-25-9

10. February 2, 2010 www.atlascopco.com10 Organic * Growth per Quarter  Change in orders received in % vs. same quarter previous year Atlas Copco Group, continuing operations *Volume and price

11. February 2, 2010 www.atlascopco.com11 Atlas Copco Group – Sales Bridge * Cancellations in Q4 2008 and Q1 2009

12. February 2, 2010 www.atlascopco.com12 Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  2009 Summary  Outlook

13. February 2, 2010 www.atlascopco.com13 Atlas Copco Group Operating Profit and Return On Capital Employed (ROCE) by Business Area

14. February 2, 2010 www.atlascopco.com14 Compressor Technique  Overall demand remained on low level –12% organic order decline vs. Q4 2008 –Good development in emerging markets –Improved demand for standard compressors –Weak order intake for gas and process compressors –Stable aftermarket business  Operating margin at 19.6% –Improvement from previous quarters thanks to increased revenues and favorable sales mix  Agreement to acquire Quincy Compressor  Investment in manufacturing facility in China 14February 2, 2010, www.atlascopco.com

15. February 2, 2010 www.atlascopco.com15 Compressor Technique Quarterly operating margins include Prime Energy from Q1 2006. *Volume and price

16. February 2, 2010 www.atlascopco.com16 Construction and Mining Technique  Improved order intake compared with previous quarters –Demand in mining and infrastructure construction developed positively –Growth in aftermarket and consumables –Organic order decline of 5% vs. Q4 2008  Operating margin at 14.1% –Low volumes compared with previous year affected negatively, while cost savings gave support –Less favorable sales mix compared with Q3

17. February 2, 2010 www.atlascopco.com17 Construction and Mining Technique *Volume and price

18. February 2, 2010 www.atlascopco.com18 Industrial Technique  Slight improvement in order intake compared with previous quarters –Continued weak demand in most developed markets –Growth in Asia, both from the motor vehicle industry and the general industry. –Organic order intake down 14% vs. Q4 2008  Adjusted operating profit margin at 12.9% –Restructuring costs of MSEK 80, primarily related to closure of manufacturing facilities in Germany and Japan.

19. February 2, 2010 www.atlascopco.com19 Industrial Technique *Volume and price

20. February 2, 2010 www.atlascopco.com20 Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  2009 Summary  Outlook

21. February 2, 2010 www.atlascopco.com21 Group Total

22. February 2, 2010 www.atlascopco.com22 Profit Bridge October – December, 2009 vs 2008

23. February 2, 2010 www.atlascopco.com23 Profit Bridge – by Business Area October – December, 2009 vs 2008

24. February 2, 2010 www.atlascopco.com24 Balance Sheet

25. February 2, 2010 www.atlascopco.com25 Capital Structure Net Debt*/EBITDA *Net Debt adjusted for the fair value of interest rate swaps

26. February 2, 2010 www.atlascopco.com26 Atlas Copco AB’s Loan Maturity Profile

27. February 2, 2010 www.atlascopco.com27 Cash Flow

28. February 2, 2010 www.atlascopco.com28 Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  2009 Summary  Outlook

29. February 2, 2010 www.atlascopco.com29 Revenues and operating margin 2004 pro forma, excluding divested businesses 2009 - Figures in summary

30. February 2, 2010 www.atlascopco.com30 2009 - Highlights  Healthy profitability in very challenging business climate  Quick adaptation to low demand  Sustained strong focus on market presence and product development  Order intake declined 21%, 29% organic decline  Revenues declined 14% to 63 762, 22% organic decline  Operating profit down 34% to MSEK 9 090 –Restructuring costs of MSEK 569, adjusted margin of 15.1% (19.0)  Very strong cash flow of MSEK 13 290 (4 751)

31. February 2, 2010 www.atlascopco.com31 Atlas Copco Group Earnings per Share, Dividend and Redemption * Proposed by the Board of Directors

32. February 2, 2010 www.atlascopco.com32 Committed to Sustainable Productivity Committed to sustainable productivity means: … that Atlas Copco people do everything they can to ensure reliable, lasting results with responsible use of resources; human, natural, and capital. 32 New brand promise for Atlas Copco

33. February 2, 2010 www.atlascopco.com33 Contents  Q4 Business Highlights  Market Development  Business Areas  Financials  2009 Summary  Outlook

34. February 2, 2010 www.atlascopco.com34 Near-term Outlook The overall demand for the Group’s products and services is expected to improve somewhat. Many emerging markets are foreseen to have a continued favorable development and demand from the mining industry is expected to improve.

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36. February 2, 2010 www.atlascopco.com36 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.”