1. October 22, 2009, www.atlascopco.com1 Atlas Copco Group Q3 Results October 22, 2009

2. October 22, 2009, www.atlascopco.com2 Contents  Q3 Business Highlights  Market Development  Business Areas  Financials  Outlook

3. October 22, 2009, www.atlascopco.com3 Q3 - Highlights  Stable demand –Still very low investment level –Improved demand in some emerging market –Increased activity within mining but still low equipment order level  Sales of aftermarket products and services remained at good level  Healthy profitability –Annual cost savings in excess of MSEK 2 000 now achieved –Favorable sales mix supported margin  Operating cash flow very strong

4. October 22, 2009, www.atlascopco.com4 Q3 - Figures in summary  Organic order intake down 30%  Revenues of MSEK 15 088; 25% organic decline  Operating profit at MSEK 2 402 (3 640) –An operating margin of 15.9% (19.7) –MSEK 60 in positive currency effect compared to last year  Profit before tax at MSEK 2 210 (3 224)  Earnings per share SEK 1.42 (1.99)  Operating cash flow MSEK 4 275 (1 054)

5. October 22, 2009, www.atlascopco.com5 Contents  Q3 Business Highlights  Market Development  Business Areas  Financials  Outlook

6. October 22, 2009, www.atlascopco.com6 Orders received - Local currency September 2009 A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % 16-44-36 36-36-34 13-28-23 21-24-16 5-28-38 9-24-10 ABC A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, % Group total -35% YTD (-34 excl. cancellations), -30% last 3 months (Structural change 0% YTD, 0% last 3 months)

7. October 22, 2009, www.atlascopco.com7 Q3 - The Americas  Continued weak demand in North America –Low order intake for equipment in construction, mining and most industrial segments –Some good orders for oil and gas and energy recovery  Situation improved in South America –Recovery noted in both mining and construction segment September 2009 ABC 9-24-10 16-44-36 A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

8. October 22, 2009, www.atlascopco.com8 Q3 - Europe and Africa/Middle East  Demand remained low in Europe –Better development in Western than in Eastern Europe –Russia remained very weak  Mixed development in Africa / Middle East –Good demand within oil and gas sector in Northern Africa and Middle East but poor development in the south September 2009 ABC 36-36-34 13-28-23 A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, %

9. October 22, 2009, www.atlascopco.com9 Q3 - Asia and Australia  Positive development in Asia –Sequential improvement in China and India in most customer segments –Good mining demand in South East Asia –Weak demand in Japan  Weak quarter in Australia September 2009 A =Portion of sales, Year-to-date, % B =Year-to-date vs. prev. year, % C =Last 3 months vs. prev. year, % ABC 21-24-16 5-28-38

10. October 22, 2009, 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 Order cancellations

11. October 22, 2009, www.atlascopco.com11 Atlas Copco Group – Sales Bridge

12. October 22, 2009, www.atlascopco.com12 Contents  Q3 Business Highlights  Market Development  Business Areas  Financials  Outlook

13. October 22, 2009, www.atlascopco.com13 Atlas Copco Group Operating Profit and Return On Capital Employed (ROCE) by Business Area

14. October 22, 2009, www.atlascopco.com14 Compressor Technique 14October 22, 2009, www.atlascopco.com  Overall demand stable on low level –27% organic order decline –Good orders from oil and gas segment –Aftermarket continued to hold up well  Operating margin at 18.6% –Improvement from previous quarters thanks to lower costs and favorable sales mix  Acquisition of Czech service company

15. October 22, 2009, www.atlascopco.com15 Compressor Technique Quarterly operating margins include Prime Energy from Q1 2006. *Volume and price

16. October 22, 2009, www.atlascopco.com16  Solid aftermarket but low equipment demand –Organic order decline of 34% –Improved activity level within mining  Operating profit at MSEK 823, a margin of 13.8% –Under-absorption and currency had a negative impact –Favorable sales mix and good cost development Construction and Mining Technique

17. October 22, 2009, www.atlascopco.com17 Construction and Mining Technique *Volume and price

18. October 22, 2009, www.atlascopco.com18 Industrial Technique  Continued tough market conditions –Weak demand, both from the motor vehicle industry and the general industry, organic order intake down 38% –Positive service development in emerging markets  Operating profit margin at 6.7% –Still heavily affected by under-absorption –Gradual improvement from efficiency initiatives

19. October 22, 2009, www.atlascopco.com19 Industrial Technique *Volume and price

20. October 22, 2009, www.atlascopco.com20 Contents  Q3 Business Highlights  Market Development  Business Areas  Financials  Outlook

21. October 22, 2009, www.atlascopco.com21 Group Total

22. October 22, 2009, www.atlascopco.com22 Profit Bridge July – September, 2009 vs 2008

23. October 22, 2009, www.atlascopco.com23 Profit Bridge – by Business Area July– September, 2009 vs 2008

24. October 22, 2009, www.atlascopco.com24 Balance Sheet

25. October 22, 2009, www.atlascopco.com25 Capital Structure Net Debt*/EBITDA *Net Debt adjusted for the fair value of interest rate swaps

26. October 22, 2009, www.atlascopco.com26 Atlas Copco AB’s Loan Maturity Profile

27. October 22, 2009, www.atlascopco.com27 Cash Flow

28. October 22, 2009, www.atlascopco.com28 Contents  Q3 Business Highlights  Market Development  Business Areas  Financials  Outlook

29. October 22, 2009, www.atlascopco.com29 Near-term Outlook The overall demand is expected to stay around the current level. The demand in some emerging markets, including China and India, is expected to gradually improve.

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31. October 22, 2009, www.atlascopco.com31 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.”