1. 1 SKF Q3 results 2015 Alrik Danielson, President and CEO 16 October 2015

2. © SKF Group 16 October 2015 2 Q3 2015 Summary Slide 2  Sales 18 367 SEKm, +3.3% yoy  Organic sales -4.7%  Operating profit* 1 976 SEKm (2 092)  Operating margin* 10.8% (11.8)  Profit before tax 1 348 SEKm (1 827)  Cash flow after investments before financing 1 808 SEKm (1 476) Net sales 18.4 bn Operating profit* 1 976 M * Excluding one-time items ** After net investments before financing, excluding acquisitions and divestments and EU payment in 2014 Cash flow** 1 808 M 17.8 bn 2 092 M 1 476 M

3. © SKF Group 16 October 2015 3 Sales development by geography Organic growth in local currency Q3 2015 vs Q3 2014 Slide 3 Europe -0.7% Asia/Pacific -7.8% Middle East & Africa 12.2% Latin America 0.9% North America -10.8%

4. © SKF Group 16 October 2015 4 Sales development by Customer Industry Slide 4 Industrial Distribution EnergyRailway Trucks Industry, general Cars and light trucks Aerospace Two-wheelers and Electrical Industrial, heavy and special and Off-highway Vehicle Service Market

5. © SKF Group 16 October 2015 5 Highlights - examples of new business in Q3 2015  Geely Auto, ChinaWheel hub and MacPherson suspension bearing units  MAN, GermanyTruck-matched wheel-end units  Tsakos Columbia Shipmanagement Condition monitoring solutions S.A. (TCM), Greece  Hanbell, ChinaStrategic cooperation agreement to jointly develop magnetic chiller centrifugal compressors Slide 5

6. © SKF Group 16 October 2015 6 Highlights – other quarterly highlights Slide 6  Divestment of Canfield Technologies, Inc. to Gen Cap America, a private equity firm headquartered in Nashville, Tennessee completed.  A new Kaydon bearings manufacturing facility opened in Cajamar, São Paulo, Brazil  New products: - upgraded a range of small size sealed SKF Explorer spherical roller bearings, that can significantly improve reliability and reduce maintenance of gearless traction motors for elevators. - a new generation of highly effective and easily maintained shaft seals for wind turbines. - a new SKF Customized Interfacing that integrates the SKF@ptitude condition monitoring suite with customers ERP and CMMS solutions.

7. 7 SKF Q3 results 2015 Christian Johansson, CFO 16 October 2015

8. © SKF Group 16 October 2015 8 Sales development Slide 8 2015 Percent y-o-y Q1Q2Q3 Organic1.4-1.5-4.7 Structure0-0.2-0.8 Currency14.912.98.8 Net sales16.311.23.3 Net sales, SEK bn 18.4 17.8

9. © SKF Group 16 October 2015 9 Organic sales growth Slide 9 % change y-o-y 201320142015

10. © SKF Group 16 October 2015 10 Operating profit excluding one-time items Slide 10 SEKm 201320142015

11. © SKF Group 16 October 2015 11 Operating profit bridge, Q3 2015 Slide 11 -130 1 825 -260 +350 -343 SEKm Q3 2014Q3 2015 One-time items at 2014 exchange rates Currency impact Other*Organic sales * Includes, manufacturing and purchasing impacts, IT project, R&D and general inflation. -15 Savings from cost-reduction programme 2 073 +150 Divested/ aquired companies

12. © SKF Group 16 October 2015 12 Slide 12 Operating performance per business area Industrial Market Operating margin*, % Automotive Market Operating margin*, % Specialty Business Operating margin*, % 13.0% 5.7% 11.0% 14.6% 4.6% 13.4%  Net sales 11 079 SEKm  Organic sales -5.3%  Operating margin declined to 13.0%  Net sales 4 795 SEKm  Organic sales -0.5%  Operating margin improved to 5.7%  Net sales 2 424 SEKm  Organic sales -8.2%  Operating margin declined to 11.0%  Canfield Technologies divested * Excluding one-time items

13. © SKF Group 16 October 2015 13 Cost reduction programme from December 2014 Cost reduction programme Q1 2015 Q2 2015 Q3 2015 YTD 2015Target Restructuring cost in the quarter5352241218801 400 Full year savings from people that will leave SKF4601733079401 200 Number of people that will leave5752705941 4391 500 Savings included in the 2015 Operating profit-80150230- Slide 13

14. © SKF Group 16 October 2015 14 SKF Group – Q3 2015 Slide 14 Financial performance (SEKm) 20152014 Net sales18 36717 787 Cost of goods sold-13 849-13 225 Gross profit4 5184 562 Gross margin, %24.625.6 Selling and administrative expenses-2 698-2 495 Other operating expenses56 Operating profit1 8252 073 One-time items-151-19 Operating profit excl. one-time items1 9762 092 Operating margin, %9.911.7 Operating margin excl. one-time items, %10.811.8 Financial income and expense, net-477-246 Profit before taxes1 3481 827 Taxes-573-420 Net profit7751 407 Basic earnings per share, SEK1.591.84

15. © SKF Group 16 October 2015 15 Cash flow, after investments before financing* Slide 15 SEKm 201320142015 * Excluding acquisitions and divestments and EU payment in Q2 2014. 2013 and 2014 are restated

16. © SKF Group 16 October 2015 16 Net working capital as % of annual sales Slide 16 % 2013 2014 2015 Target: 27% Total NWC 29.7% Inventories 20.5% Trade receivables 17.0% Trade payables 7.8%

17. © SKF Group 16 October 2015 17 Financial position Slide 17 Net debt SEK bn 201320142015 Net debt:Loans and net provisions for post-employment benefits less short-term financial assets excluding derivatives. Net debt/equity % 201320142015 114%

18. © SKF Group 16 October 2015 18 Debt structure, maturity years Slide 18 Available credit facilities: EUR 500 million 2019 SEK 3 000 million 2018 EUR 150 million 2017 No financial covenants nor material adverse change clause 200 100 110 500 850

19. © SKF Group 16 October 2015 19 Guidance for 2015* Slide 19 Q4 2015:  Financial net: around -300 million  Currency impact on operating profit vs 2014 Q4: +250 million, based on exchange rates per September 30. 2015:  Tax level: below 30% for 2015  Additions to PPE: around 2 000 million for 2015 * Guidance is approximate and based on current assumptions and exchange rates.

20. © SKF Group 16 October 2015 20 SKF demand outlook - Definition Slide 20 The demand outlook for SKFs products and services represents management's best estimate based on current information about the future demand from our customers. The demand outlook is the expected volume development in the markets where our customers operate.

21. © SKF Group 16 October 2015 21 October 2015: SKF demand outlook Q4 2015 Slide 21 Demand compared to the fourth quarter 2014 The demand for SKF’s products and services is expected to be lower for the Group where demand for the Automotive Market is expected to be relatively unchanged, while demand for the Specialty Business is expected to be slightly lower and demand for the Industrial Market is expected to be lower. Split by market, demand is expected to be relatively unchanged in Europe and Latin America and significantly lower in North America and Asia. Demand compared to the third quarter 2015 The demand for SKF’s products and services is expected to be slightly lower for the Group where demand for the Industrial Market and the Automotive Market is expected to be slightly lower while demand for the Specialty Business is expected to be relatively unchanged. Split by market, demand is expected to be relatively unchanged in Europe and slightly lower in North America, Latin America and Asia.

22. © SKF Group 16 October 2015 22 Financial calendar Slide 22 Capital Markets Day 2015November 4 Report on the fourth quarter 2015February 2 Annual Report 2015March 8 Annual General MeetingMarch 31 Report on the first quarter 2016April

23. 23 SKF Q3 results 2015 Q & A 16 October 2015

24. © SKF Group 16 October 2015 24 Cautionary statement Slide 24 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”.