1. SKF Nine-month results 2013 Tom Johnstone, President and CEO

2. © SKF Group15 October 2013Slide 1 Highlights Q3 2013 Acquisition of Kaydon Corporation announced. New business Agreements with Fiat, worth SEK 1 billion for the delivery of wheel hub bearing units. Agreements with Great Wall Motors in China for high pressure valve stem seals and bearing retainers. SKF and Great Wall Motors also signed a strategic partnership for developing sustainable solutions in energy efficient vechicles. A supply agreement with Goldwind, worth SEK 100 million for SKF Nautilus bearing units. Major orders from Tangshan Loco and Changchun Railway Co for wheel set bearings for high speed trains. Order from a Chinese customer, worth SEK 22 million for bearings for upgrading local coal power plants. An order from an European customer, worth SEK 21 million for cryogenic bearings.

3. © SKF Group15 October 2013Slide 2 A three-year service contract, worth SEK 43 million with a major oil and gas company in Latin America. An agreement with Wuhan Iron & Steel Heavy Industry Group Co, Ltd (WISCO Heavy) to establish a remanufacturing centre in Wuhan, China. SKF opened a gearbox remanufacturing centre in Tianjin, China. SKF Distributor College awarded its 190,000th certificate. Highlights Q3 2013 SKF’s factory in Dalian, China was awarded LEED Gold certification. SKF was included in the Dow Jones Sustainability Indexes for the 14th successive year.

4. © SKF Group15 October 2013Slide 3 Kaydon Corporation Key facts and figures - 2012 Headquarters in Ann Arbor, Michigan U.S. Established 1941 Friction control 54%Specialty products 23%Velocity control 23% USD 475 million in sales 2,187 employees Ring & Seal Bearing

5. © SKF Group15 October 2013Slide 4 Kaydon net sales – 2012 Industries Geographies Automation & Robotics Power Generation Aerospace Military Heavy Equipment Medical Equipment Petroleum Processing Other Semicond. North America Europe Asia Other

6. © SKF Group15 October 2013Slide 5 New products - examples Maintenance products: SKF Axial excluder seal SKF Condition Based Lubrication Sealed SKF single row angular contact ball bearings Reinforced all-rubber HSS seals Oil storage station Grid and gear coupling grease Digital oil pressure gauge Super precisions bearings for wood- working applications

7. © SKF Group15 October 2013Slide 6 SKF Group – Q3 2013 Financial performance20132012 Net sales, SEKm15,62315,486 Operating profit, SEKm 1,9231,908 Operating margin, % 12.312.3 Operating margin excl. restructuring,%12.9 12.3 Profit before tax, SEKm1,717 1,709 Cash flow, SEKm 1,135 1,097 Organic sales growth in local currency: SKF Group: 2.0% Strategic Industries: -0.9% Regional Sales and Service:0.3% Automotive:7.5% Key points Sales volumes up by 2.2% y-o-y Manufacturing slightly higher compared to last year Inventories 21.3% of sales Europe:1% North America:-2% Asia:5% Latin America:9%

8. © SKF Group15 October 2013Slide 7 Organic sales growth in local currency 2013 2011 2012 % change y-o-y

9. © SKF Group15 October 2013Slide 8 Europe 1% Asia/Pacific 5% Latin America 9% Middle East & Africa 8% North America -2% Growth development by geography Organic growth in local currency Q3 2013 vs Q3 2012

10. © SKF Group15 October 2013Slide 9 Europe -4% Asia/Pacific -3% Latin America 10% Middle East & Africa 0% North America -4% Growth development by geography Organic growth in local currency YTD 2013 vs YTD 2012

11. © SKF Group15 October 2013Slide 10 Components in net sales Percent y-o-y Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3 Volume 20.112.66.20.0-0.8-2.8-5.0-5.9-8.7-1.62.2 Structure 5.04.45.14.8-0.10.00.81.01.52.61.1 Price/mix 1.31.62.02.81.92.00.50.7 -0.6-0.2 Sales in local currency 26.418.613.37.61.0-0.8-3.7-4.2-6.50.43.1 Currency -10.8-12.2-6.3-2.10.43.6-2.7-3.6-4.0-5.0-2.2 Net sales 15.66.47.05.51.42.8-6.4-7.8-10.5-4.60.9 2011 2012 2013

12. © SKF Group15 October 2013Slide 11 Growth in local currency, including structure % y-o-y Structure in 2011:4.8% Structure in 2012:0.4% Structure in YTD 2013:1.8% -1.2% 16.3% -2.1%

13. © SKF Group15 October 2013Slide 12 Operating profit SEKm 2011 One-time items 2012 2013

14. © SKF Group15 October 2013Slide 13 % 2011 One-time items 2012 2013 Operating margin

15. © SKF Group15 October 2013Slide 14 % One-time items * Excluding one-time items 14.7* 12.2* 11.1 14.5 12.0* Operating margin 11.4

16. © SKF Group15 October 2013Slide 15 Operating margin per business area Strategic Industries Regional Sales and Service Automotive % 2011 2012 2013 Excluding one-off items (eg. restructuring, impairments, capital gains)

17. © SKF Group15 October 2013Slide 16 Inventories as % of annual sales % 2011 2012 2013

18. © SKF Group15 October 2013Slide 17 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. % 16.2 13.5 23.6 17.2* 15.2* 23.9* One-off costs * Excluding one-off costs

19. © SKF Group15 October 2013Slide 18 Cash flow, after investments before financing SEKm 2011 2012 2013 * SEK 1,707 million, excluding acquisitions and divestments. ** SEK -69 million, excluding acquisitions and divestments. *** SEK 871 million, excluding acquisitions and divestments. * ** ***

20. © SKF Group15 October 2013Slide 19 Net debt SEKm AB SKF, dividend paid (SEKm) : 2011 Q22,277 2012 Q22,504 2013 Q22,530 2011 2012 2013 Net debt:Loans and net provisions for post-employment benefits less short-term financial assets excluding derivatives. Cash out from acquisitions (SEKm) : 2012 Q3829 2013 Q1823

21. © SKF Group15 October 2013Slide 20 EURm 265 100 500 110 500 Available credit facilities: EUR 500 million 2017 SEK 3,000 million 2017 No financial covenants nor material adverse change clause Debt structure, maturity years 100

22. © SKF Group15 October 2013Slide 21 SEKm 20132012 Net sales15,62315,486 Operating profit1,9231,908 Operating margin, %12.3 Operating margin excl. one-offs, %12.912.3 Profit before taxes1,7171,709 Net profit1,1651,251 Basic earnings per share, SEK2.472.67 Cash flow, after investments before financing 1,1351,097 Third quarter 2013

23. © SKF Group15 October 2013Slide 22 SEKm 20132012 Net sales47,16749,591 Operating profit5,2406,093 Operating margin, %11.112.3 Operating margin excl. one-offs, %12.212.6 Profit before taxes4,5815,439 Net profit3,0873,821 Basic earnings per share, SEK6.578.11 Cash flow, after investments before financing 1,390*2,479* Nine-month 2013 * excluding acquisitions and divestments, SEK 1,947 million (3,112).

24. © SKF Group15 October 2013Slide 23 October 2013: SKF demand outlook Q4 2013 Demand compared to the fourth quarter 2012 The demand for SKF’s products and services is expected to be slightly higher for the Group, Asia and Europe and relatively unchanged for North America and Latin America. It is expected to be slightly higher for Strategic Industries and Regional Sales and Service and higher for Automotive. Demand compared to the third quarter 2013 The demand for SKF’s products and services is expected to be relatively unchanged for the Group, Europe, North America and Latin America as well as for all the business areas. It is expected to be slightly higher for Asia. Manufacturing Manufacturing is expected to be higher year over year and relatively unchanged compared to the third quarter.

25. © SKF Group15 October 2013Slide 24 Share of net sales 2012 Europe43% Asia Pacific24% North America23% Latin America7% Total Q4 2013 vs Q4 2012 + + +/- + Sequential trend for Q4 2013 SKF demand outlook Q4 2013, regions

26. © SKF Group15 October 2013Slide 25 Sequential trend for Q4 2013 Share of net sales 2012 Strategic Industries 31% Regional Sales and Service 39% Automotive27% Total Q4 2013 vs Q4 2012 + + ++ + SKF demand outlook Q4 2013, business areas

27. © SKF Group15 October 2013Slide 26 6% 5% 4% 2% 29% 13% 12% 10% 6% Aerospace Trucks Railway Two-wheelers and electrical Industrial distribution Industrial, heavy, special and off-highway Cars and light vehicles Industrial, general Vehicle after market Energy Share of net sales 2012 SKF sequential volume trend Q4 2013, main segments

28. © SKF Group15 October 2013Slide 27 Guidance for the fourth quarter 2013* Tax level: a little above 30% Financial net for the fourth quarter: Around SEK 210 million excluding Kaydon acquisition Currency impact on operating profit versus 2012 Q4: SEK 120 million Full year: SEK 630 million Additions to PPE: Around SEK 1.7 billion for 2013 * Guidance is approximate and based on current assumptions and exchange rates

29. © SKF Group15 October 2013Slide 28 Key focus areas 2013 Managing the uncertain and different demand environment - Profit and cash flow Initiatives and actions to support long-term financial targets - New factories in Mysore and Bengaluru in India - New warehouse in Shanghai, China - SKF Campus in Shanghai, China, including: ‣ New factory for automotive ‣ Global Technical Centre China ‣ SKF Solution Factory ‣ SKF College - Integration of new acquisitions, GBC and BVI - Cost reduction and efficiency programme - New IT systems Business Excellence and competence development One SKF and SKF Care as guiding lights

30. © SKF Group15 October 2013Slide 29 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 cost reduction Working capital efficiency Cost reduction Consolidation of manufacturing Optimization and productivity improvements Reduction in purchasing costs Investments & Innovation New and existing facilities Research and development

31. © SKF Group15 October 2013Slide 30 Cost reduction – specific programme 2012-2015 Main activities: Consolidation of manufacturing - merger between sites - transfer to faster growing markets with more local production Optimization and productivity improvements - in the manufacturing and demand chain processes - in administration and support functions Reduction in purchasing cost - mainly through standardization and rationalization of the supplier base. Reduction of annual cost by SEK 3 billion by the end of 2015 - Total cost for the programme around SEK 1.5 billion - 2,500 people impacted,

32. © SKF Group15 October 2013Slide 31 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”.

33. © SKF Group15 October 2013Slide 32