1. Atlas Copco Group Q1 Results Stockholm, April 26, 2001

2. Page 2 April 26, 2001www.atlascopco-group.com Q1 Highlights  Order volume up 4 percent  Slowdown of growth in the U.S.  Operating profit up 10 percent  Strong positive currency effect  Outsourcing trend in rental business continues  Adjustment of cost structure to fit current demand level

3. Page 3 April 26, 2001www.atlascopco-group.com Contents  Market Development  Business Areas  Financials  Outlook

4. Page 4 April 26, 2001www.atlascopco-group.com  Change in % vs. same Quarter previous year Volume Growth per Quarter

5. Page 5 April 26, 2001www.atlascopco-group.com Group Total

6. Page 6 April 26, 2001www.atlascopco-group.com 51 -24 -32 +230 +64 +49 Orders received, 12 month trend Change in Local Currency Portion of Group Sales, % Change in %, last 3 month trend March 2001

7. Page 7 April 26, 2001www.atlascopco-group.com 51 -24 Q1 - The Americas  Demand slowed down overall in North America  Reduced purchases of construction related machines and equipment  Productivity enhancing investments in manufacturing and process industries  Outsourcing trend supports rental demand at reduced growth  Weaker trend in South America 12 months, Portion of Group Sales, % 12 months, Change in %, last 3 month trend March 2001

8. Page 8 April 26, 2001www.atlascopco-group.com +230 +64 Q1 - Europe and Africa/Middle East  Continued improvement overall in Europe, but with highs and lows  Steady growth in Italy, France and UK  Germany slightly up  Strong demand for industrial compressors and industrial tools  Continued strong development in Africa/Middle East  Construction equipment fuel growth in the Middle East March 2001 12 months, Portion of Group Sales, % 12 months, Change in %, last 3 month trend

9. Page 9 April 26, 2001www.atlascopco-group.com -32 +49 Q1 - Asia and Australia  Continued overall positive development in Asia  High level in China and southeast Asia  Improvement in India and Korea  Low demand from mining industry in Australia March 2001 12 months, Portion of Group Sales, % 12 months, Change in %, last 3 month trend

10. Page 10 April 26, 2001www.atlascopco-group.com Contents  Market Development  Business Areas  Financials  Outlook

11. Page 11 April 26, 2001www.atlascopco-group.com Volume Growth per Quarter by Business Area  Change in % vs. same Quarter previous year

12. Page 12 April 26, 2001www.atlascopco-group.com Compressor Technique  Strong market reception for new industrial compressors  Favourable development in Europe and Asia, while demand in North America was lower  After-market share of business continued to increase  Overall – volume up 7 percent and profit up 27 percent, amplified by currency

13. Page 13 April 26, 2001www.atlascopco-group.com Construction & Mining Technique  Over 10% operating margin  Positive currency effect  Good demand from mining industry in Africa, weak in Americas and Australia  Slowdown of demand from construction and rental industry  Robust demand for consumables  Use-of-products acquisition strategy

14. Page 14 April 26, 2001www.atlascopco-group.com Industrial Technique  Weak demand for professional electric tools, primarily in North America  Adjustment of operating costs to current demand levels  Productive fastening tools continue to be in strong demand

15. Page 15 April 26, 2001www.atlascopco-group.com Rental Service  Revenues up 5 percent in volume  Rental revenue up about 10 percent  Sales of equipment, parts and merchandise decreased  8 greenfields and 4 stores acquired  Outsourcing trend continues  Merger complete  34 stores consolidated  Additional restructuring program launched

16. Page 16 April 26, 2001www.atlascopco-group.com Earnings by Business Area excl. non-recurring items

17. Page 17 April 26, 2001www.atlascopco-group.com Contents  Market Development  Business Areas  Financials  Outlook

18. Page 18 April 26, 2001www.atlascopco-group.com Income Statement

19. Page 19 April 26, 2001www.atlascopco-group.com Balance Sheet March 31, 2001

20. Page 20 April 26, 2001www.atlascopco-group.com Cash Flow

21. Page 21 April 26, 2001www.atlascopco-group.com MSEK Quarterly 12 months Net rental fleet investment = approx. SEK 4.0 billion Capital Expenditures in Tangible Fixed Assets 19971998199920002001 Q1

22. Page 22 April 26, 2001www.atlascopco-group.com Contents  Market Development  Business Areas  Financials  Outlook

23. Page 23 April 26, 2001www.atlascopco-group.com April 2001 Near Term Demand Outlook Industrial and Geographical (Dotted Arrows Indicate Risk/Opportunity) Weight by Industry 13% 8% 6% 15% 28% 8% Building Manufacturing Automotive Mining Process Others 6% Services 16%Non-building Weight by Region North America 11% 4% 51% 30% Africa/Middle East Asia/Australia 4% South America Europe Total Demand Outlook

24. Page 24 April 26, 2001www.atlascopco-group.com The face of interaction

25. Page 25 April 26, 2001www.atlascopco-group.com 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.”

26. Page 26 April 26, 2001www.atlascopco-group.com Contents  Market Development  Business Areas  Financials  Outlook  Additional Information

27. Page 27 April 26, 2001www.atlascopco-group.com Orders received, Jan. - Mar. 2001 Group Total MSEK 12,488 +13 12 months, Portion of Group Sales, % Change Q1 2001 / Q1 2000, % +1151 04 -152 +1430 +294 +269

28. Page 28 April 26, 2001www.atlascopco-group.com Long Term Trend

29. Page 29 April 26, 2001www.atlascopco-group.com Compressor Technique

30. Page 30 April 26, 2001www.atlascopco-group.com Compressor Technique

31. Page 31 April 26, 2001www.atlascopco-group.com Construction & Mining Technique

32. Page 32 April 26, 2001www.atlascopco-group.com Construction & Mining Technique

33. Page 33 April 26, 2001www.atlascopco-group.com Industrial Technique

34. Page 34 April 26, 2001www.atlascopco-group.com Industrial Technique

35. Page 35 April 26, 2001www.atlascopco-group.com Rental Service * EBIT includes MSEK 60 of restructuring cost. Adjusted profit is MSEK 388 and margin 10.6%.

36. Page 36 April 26, 2001www.atlascopco-group.com Rental Service

37. Page 37 April 26, 2001www.atlascopco-group.com * Including non-recurring items Group Total*

38. Page 38 April 26, 2001www.atlascopco-group.com Non-recurring items

39. Page 39 April 26, 2001www.atlascopco-group.com Group Total excl. non-recurring items

40. Page 40 April 26, 2001www.atlascopco-group.com Earnings Before Interest and Taxes MSEK % 1988 19901992 199419961998 2000 12 month values EBIT margin excluding non-recurring items 1999 = 12.1%, 2000 = 13.8%, Q1 2001 = 13,7% 2001 Q1

41. Page 41 April 26, 2001www.atlascopco-group.com Atlas Copco Group Return on Capital Employed 12 month values 19971998199920002001 Q1

42. Page 42 April 26, 2001www.atlascopco-group.com Taxes MSEK % 19971998199920002001 Q1

43. Page 43 April 26, 2001www.atlascopco-group.com Inventories, Customer Receivables and Net Rental Equipment Percent of Sales 12 Month Values 19971998199920002001 Q1

44. Page 44 April 26, 2001www.atlascopco-group.com Cash and Interest-Bearing Debt 10,214 Dec. 1997 10,052 Dec. 1998 19,325 Dec. 1999 22,270 Dec. 2000 Net borrowings 22,402 Mar. 2001 MSEK

45. Page 45 April 26, 2001www.atlascopco-group.com Earnings per Share and Dividend 19961997199819992000 Dividend 2000 as proposed by the Board of Directors 2001 Q1

46. Page 46 April 26, 2001www.atlascopco-group.com The face of interaction