1. October 21, 2005www.atlascopco.com1 Atlas Copco Group Q3 Results October 21, 2005

2. www.atlascopco.com2 Contents  Q3 Business Highlights  Market Development  Business Areas  Financials  Outlook

3. October 21, 2005www.atlascopco.com3 Q3 - Highlights  Stronger than ever  Strengthened market positions –Demand remained strong  Record performance by all business areas –Double digit organic revenue growth in all business areas –Operating profit and profit margins at all time highs  Several acquisitions in focused areas

4. October 21, 2005www.atlascopco.com4 Q3 - Figures in summary  Order received up 25%, up 15% in volume  Revenues reached MSEK 13 479 (11 325), up 19%  Operating profit at MSEK 2 562, a margin of 19.0% (17.3)  Profit after financial items up 33% to MSEK 2 470 (1 851)  Earnings per share increased to SEK 2.65 (2.13)  Operating cash flow at MSEK 1 671 (1 661)  ROCE at 26%

5. October 21, 2005www.atlascopco.com5 Contents  Q3 Business Highlights  Market Development  Business Areas  Financials  Outlook

6. October 21, 2005www.atlascopco.com6 Orders received - Local currency Group total +22% YTD, +21% last 3 months (Structural change +7% YTD, +3% last 3 months) B CA A= Portion of Group sales last 12 months, % B= Year-to-date vs prev. year, % C= Last 3 months vs prev. year, % September 2005 +24+2037 +45+215 +15+1634 +32+367 +22+44 +24+3613

7. October 21, 2005www.atlascopco.com7 Q3 - The Americas  Strong development in North America –Increased demand from manufacturing and process industries –Good demand for equipment and rental from construction industry –Continued high activity in the mining industry  Continued positive development in South America B CA A= Portion of Group sales last 12 months, % B= Year-to-date vs prev. year, % C= Last 3 months vs prev. year, % September 2005 +24+2037 +45+215

8. October 21, 2005www.atlascopco.com8 Q3 - Europe and Africa/Middle East  Favorable demand in Europe –Strong development in Eastern Europe, while only moderate growth in Western Europe –Increased sales of mining, construction and compressed air equipment  Africa / Middle East region developed well B CA A= Portion of Group sales last 12 months, % B= Year-to-date vs prev. year, % C= Last 3 months vs prev. year, % September 2005 +15+1634 +32+367

9. October 21, 2005www.atlascopco.com9 Q3 - Asia and Australia  Strong development in Asia –Accelerated growth in Japan, India, South Korea and China  Investments in India to increase capacity September 2005 B CA A= Portion of Group sales last 12 months, % B= Year-to-date vs prev. year, % C= Last 3 months vs prev. year, % +22+44 +24+3613

10. October 21, 2005www.atlascopco.com10 Volume Growth per Quarter  Change in orders received in % vs. same Quarter previous year

11. October 21, 2005www.atlascopco.com11 Group Total Sales Bridge

12. October 21, 2005www.atlascopco.com12 Contents  Q3 Business Highlights  Market Development  Business Areas  Financials  Outlook

13. October 21, 2005www.atlascopco.com13 Compressor Technique  Strong order intake in all regions and for all types of compressors and its aftermarket –Best development in North America, Eastern Europe and Asia  Acquisitions within focused areas –Intermech – Compressed natural gas  Divestment of stationary generator business  Record revenues and operating profit –Operating profit more than 1 billion SEK and highest operating margin ever

14. October 21, 2005www.atlascopco.com14 Compressor Technique  Operating margins restated (IFRS) from 2004

15. October 21, 2005www.atlascopco.com15 Construction & Mining Technique  Continued strong demand from both mining construction  Order volume up 28% –14th consecutive quarter with volume growth –Very strong growth in Asia, North America and Eastern Europe  Product launches –Rigs for scaling, exploration drilling and silent drilling  Record revenues and profits –Operating margin at all-time high 14.6%

16. October 21, 2005www.atlascopco.com16 Construction & Mining Technique  Operating margins restated (IFRS) from 2004

17. October 21, 2005www.atlascopco.com17 Rental Service  Rental revenues increased 13% in USD –Price +8%, volume +5%  Fleet utilization at record level –Improved fleet quality with increased investments in equipment  Profitability improved significantly –Increased rental volume and rental rates combined with efficiency measures –All-time high operating profit margin at 25.6%

18. October 21, 2005www.atlascopco.com18 Rental Service Rental Revenue Volume Development  Operating margins restated (IFRS) from 2004

19. October 21, 2005www.atlascopco.com19 Industrial Technique  Favorable sales growth in Asia and North America  Focus on sales and product development –Investment in sales engineers and training activities –New tools and aftermarket products  Agreement to acquire Fuji Air Tools  Record revenues and operating profit –Operating margin above 20%

20. October 21, 2005www.atlascopco.com20 Industrial Technique  Operating margins restated (IFRS) from 2004

21. October 21, 2005www.atlascopco.com21 Contents  Q3 Business Highlights  Market Development  Business Areas  Financials  Outlook

22. October 21, 2005www.atlascopco.com22 Income Statement

23. October 21, 2005www.atlascopco.com23 Balance Sheet

24. October 21, 2005www.atlascopco.com24 Cash Flow

25. October 21, 2005www.atlascopco.com25 Capital Expenditures in Tangible Fixed Assets 2005 MSEK Quarterly 12 months Net rental fleet investment = MSEK 3 220 2004200220032001

26. October 21, 2005www.atlascopco.com26 Contents  Q3 Business Highlights  Market Development  Business Areas  Financials  Outlook

27. October 21, 2005www.atlascopco.com27 Near-term Outlook The demand for Atlas Copco’s products and services is expected to remain at a high level. Demand from manufacturing and process industries is expected to stay favorable. Activity in the construction industry is expected to continue to increase somewhat. Demand from the mining industry is expected to remain strong.

28. October 21, 2005www.atlascopco.com28

29. October 21, 2005www.atlascopco.com29 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 effected by other factors like for example, the effect of economic conditions, exchange-rate and interest-rate movements, political risks, impact of competing products and their pricing, product development, commercialization and technological difficulties, supply disturbances, and the major customer credit losses.”