1. 0 19 April 2012

2. SKF First-quarter results 2012 Tom Johnstone, President and CEO 19 April 2012

3. 2 Highlights Q1 2012 SKF signed an agreement to acquire the US-based General Bearing Corporation for around USD 125 million on a cash and debt free basis. SKF received an order worth around SEK 350 million from Vestas for the delivery of main shaft solutions to the Vestas V112-3.0 MW turbine. SKF was awarded two contracts totaling around SEK 50 million from Siemens Rail Systems for railway projects in Europe. SKF will deliver axle boxes and wheel set bearing units. SKF received orders from one major metal industry customer for SKF ConRo Compacts worth EUR 1.8 million. SKF signed a three-year contract with Scania. The contract includes bearings for truck wheel end units and transmissions to Scania production facilities in Brazil. Acquisition: New businesses:

4. 3 19 April 2012 inaugurated two SKF University Technology Centres: held the SKF North American Distributor convention in Florida, and participated in a maintenance fair in Sweden. awarded the 140,000 certificate from the SKF Distributor College launched a range of informational and calculation-focused apps for iPhone and iPad. Highlights Q1 2012 SKF: Luleå University of Technology, for condition monitoring and asset management Chalmers University of Technology, for sustainability and environment Foto: Karl William Foto: Robin Olsson

5. 4 19 April 2012 Examples of new products launched in 2012 SKF Nautilus range extensions Servo Actuator for industrial applications Next generation SNL, SE housings A hand-held, 18-volt, lithium-ion grease gun SKF Speed Sensor Unit Integrated monotube seal SKF Compact Wire Steering Bearing SKF Solar Hub SKF Thruster Monitoring SKF Bus Door Actuator 4

6. 5 19 April 2012 SKF Group Q1 2012 Financial performanceQ1 2012Q1 2011 Net sales, SEKm16,93116,702 Operating profit,SEKm2,1402,504 Operating margin, % 12.615.0 Profit before tax, SEKm 1,9812,318 Cash flow, SEKm 696 372 Organic sales growth in local currency: SKF Group: +1.1% Europe:-1.2%Industrial market, Strategic Industries:+2.5% North America:+14.7%Industrial market, Regional Sales and Service:+3.0% Asia:-8.1%Automotive:-4.2% Latin America:+11.1% Key points Sales were relatively unchanged y-o-y Manufacturing was significantly lower y-o-y Inventories were reduced to 20.5% of sales

7. 6 19 April 2012 Organic sales growth in local currency 2012 2010 2011 % change y-o-y

8. 7 19 April 2012 Sales volume % change y-o-y 2010 2011 2012

9. 8 19 April 2012 Europe -1.2% Asia/Pacific -8.1% Latin America +11.1% Middle East & Africa +2.5% North America +14.7% Growth development by geography Organic growth in local currency Q1 2012 vs Q1 2011

10. 9 19 April 2012 Growth in local currency % y-o-y Acquisitions/Divestments Organic growth 14.2% 16.3% 1.0% Long-term target: 8% per annum Total growth 4.8% 11.5% 0.0% 14.2% -0.1% 1.1%

11. 10 19 April 2012 Components in net sales Q1Q2Q3Q4Q1Q2Q3Q4Q1 5.316.619.016.320.112.66.20.0-0.8 0.0 5.04.45.14.8-0.1 -0.3-0.50.30.91.31.62.02.81.9 5.016.119.317.226.418.613.37.61.0 -7.7-5.2-3.2-6.2-10.8-12.2-6.3-2.10.4 -2.710.916.111.015.66.47.05.51.4 Percent y-o-y Volume Structure Price/mix Sales in local currency Currency Net sales 2010 2011 2012

12. 11 19 April 2012 Operating profit SEKm 2010 Restructuring and one-time items 2011 2012

13. 12 19 April 2012 Operating margin % 2010 Restructuring and one-time items 2011 Long-term target level: 15% 2012

14. 13 19 April 2012 Operating margin % Restructuring and one-time items * Excluding restructuring and one-time items 14.7* Long-term target level: 15% 14.2* 13.8 14.5 12.6

15. 14 19 April 2012 Operating margin per business area Strategic Industries Regional Sales and Service Automotive % 2010 2011 2012

16. 15 19 April 2012 SEKm 20122011 Net sales16,93116,702 Operating profit2,1402,504 Operating margin, %12.615.0 Profit before taxes1,9812,318 Net profit1,3411,620 Basic earnings per share, SEK2.843.44 Cash flow, after investments before financing 696372 First quarter 2012

17. 16 19 April 2012 Inventories as % of annual sales % Long-term target level: 18% 2010 2011 2012

18. 17 19 April 2012 Cash flow, after investments before financing SEKm 2010 2011 2012 * SEK 798 million, excluding SEK 6,799 million for the acquisition of Lincoln. *

19. 18 19 April 2012 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. % 21.9 24.0 Long-term target: 27% 23.6

20. 19 19 April 2012 Net debt SEKm AB SKF, dividend paid (SEKm) : 2010 Q21,594 2011 Q22,277 2010 2011 Cash out from acquisitions (SEKm) : 20106,799 2012 Net debt:Loans and net provisions for post- employment benefits less short-term financial assets excluding derivatives.

21. 20 19 April 2012 Debt structure Maturity years, EURm 396 100 Credit facilities: EUR 500 million 2014 SEK 3,000 million 2017 No financial covenants nor material adverse change clause 130 500 110 0

22. 21 19 April 2012 Dividend proposal AB SKF’s Board proposes to the Annual General Meeting an increase of the dividend by 10%, giving a dividend of SEK 5.50 (5.00) per share. The Annual General Meeting will be held on 25 April.

23. 22 19 April 2012 April 2012: Outlook for the second quarter 2012 Demand compared to the second quarter last year The demand for SKF’s products and services is expected to be slightly higher for the Group. It is expected to be relatively unchanged in Europe and Asia, and significantly higher in North America and Latin America. The demand is expected to be slightly higher for Strategic Industries and Regional Sales and Service and relatively unchanged for the Automotive. Demand compared to the first quarter 2012 The demand for SKF’s products and services is expected to be slightly higher for the Group. It is expected to be relatively unchanged in Europe, slightly higher in North America and higher in Asia and Latin America. The demand is expected to be slightly higher for all business areas. Manufacturing level The manufacturing level is expected to be lower year on year but higher compared to the first quarter.

24. 23 19 April 2012 Demand outlook Q2 2012, regions (based on current assumptions) Sequential trends for: Q1 2012 Q2 2012 Share of net sales 2011 Europe46% Asia Pacific26% North America19% Latin America6% Total Q2 2012 vs Q2 2011 +/- +++ +

25. 24 19 April 2012 Demand outlook Q2 2012, business areas (based on current assumptions) Sequential trends for Q2 2012 Share of net sales 2011 Strategic Industries 31% Regional Sales and Service 39% Automotive27% Total Q2 2012 vs Q2 2011 + + +/- +

26. 25 19 April 2012 5% 26% 18% 13% 10% 6% 3% 5% 4% Trucks Industrial Distribution Industrial OEM, General + Special Cars Vehicle Service Market Industrial OEM, Heavy + Off-highway Energy Two-wheelers and Electrical Aerospace Railway Sequential volume trend Q2 2012, main segments (based on current assumptions) Share of net sales 2011* * excluding Lincoln

27. 26 19 April 2012 Guidance for the second quarter 2012 Tax level: around 30% Financial net for the second quarter: Around SEK -175 million Exchange rates on operating profit versus 2011 Q2: SEK 125 million Full year: SEK 200 million Additions to PPE: Around SEK 2.0 billion for 2012 Guidance is approximate and based on current assumptions and exchange rates

28. 27 19 April 2012 Key focus areas ahead 2012 Managing the uncertain and different demand environment -regions and segments Profit and cash flow - inventory management Initiatives and actions to support long-term financial targets Continue the integration of Lincoln Business Excellence and competence development Implement the new organization for the Industrial market One SKF and SKF Care as guiding lights

29. 28 19 April 2012 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”.

30. 29 19 April 2012