1. Giulio Mazzalupi Atlas Copco Group - Q4 Results Stockholm, February 12, 2001

2. Page 2 Feb. 12, 2001www.atlascopco-group.com Q4 Highlights  Order volume up 7 percent over strong Q4 1999  Outsourcing trend in rental business continue  Product innovation and increased service offering reinforce market position  Revenues and profits - highest recorded in any single quarter  Proposed dividend SEK 5.25 (4.75)

3. Page 3 Feb. 12, 2001www.atlascopco-group.com Contents  Market Development  Business Areas  Financials  Outlook

4. Page 4 Feb. 12, 2001www.atlascopco-group.com Volume Growth per Quarter

5. Page 5 Feb. 12, 2001www.atlascopco-group.com Group Total

6. Page 6 Feb. 12, 2001www.atlascopco-group.com +853 +124 +42 +529 +314 +88 Orders received, Oct - Dec 2000 Change in Local Currency +8% Portion of Group Sales Change in Local Currency Q4 2000 / Q4 1999

7. Page 7 Feb. 12, 2001www.atlascopco-group.com +853 +124 Q4 - The Americas  High level of demand overall in North America  Outsourcing trend supports rental demand  Negative trend for professional electric tools  Industrial tools sales driven by productivity investments  Strong industrial compressors development  Strong mining demand in Canada  Brazil positive in mixed South America Portion of Group Sales Change in Local Currency Q4 2000 / Q4 1999

8. Page 8 Feb. 12, 2001www.atlascopco-group.com +529 +314 Q4 - Europe and Africa/Middle East  Pick-up in Germany and Nordic from low level  Continued high level of demand in Southern Europe and Great Britain for all products  Mining markets in Africa, and Iran explain growth in region  Further increase in “use of product” revenues Portion of Group Sales Change in Local Currency Q4 2000 / Q4 1999

9. Page 9 Feb. 12, 2001www.atlascopco-group.com +42 +88 Q4 - Asia and Australia  China - continued very strong demand, extension of local production capacity  Mixed in other Asia / Pacific  Positive development in Japan  Flat trend in India and South Korea  Australia at same level Portion of Group Sales Change in Local Currency Q4 2000 / Q4 1999

10. Page 10 Feb. 12, 2001www.atlascopco-group.com Contents  Market Development  Business Areas  Financials  Outlook

11. Page 11 Feb. 12, 2001www.atlascopco-group.com Volume Growth per Quarter by Business Area

12. Page 12 Feb. 12, 2001www.atlascopco-group.com Compressor Technique  Innovations and after-market activities drive growth  Operating profit up 30%  Strong volume growth in most markets  Europe, South America and particularly China  Lower demand noted in North America  Restructuring of dryer and filter manufacturing  Benefits in R&D and economies of scale

13. Page 13 Feb. 12, 2001www.atlascopco-group.com Construction & Mining Technique  Good investment- and activity level in the mining sector  Several large contracts for consumables  Sales of construction equipment slowing down  More than 55% “use of product” revenues  Sales company start-ups  Egypt, Russia, Czech Republic

14. Page 14 Feb. 12, 2001www.atlascopco-group.com Industrial Technique  Very strong order intake for computer controlled tightening systems - MVI  Decreased demand for professional electric tools from the construction industry  Restructuring measures taken in Alliance Tools showing results

15. Page 15 Feb. 12, 2001www.atlascopco-group.com Rental Service  Trend to rent instead of buying continues  Solid increase in revenues - again  7 new greenfield operations  9 stores acquired  Merger - Rental Service Corp.  One rental fleet and one IS platform  Focus on capital efficiency  Fleet management  Seasonal effect and size/mix of rental fleet led to lower margins in the quarter

16. Page 16 Feb. 12, 2001www.atlascopco-group.com Earnings by Business Area Q4, excl. non-recurring items

17. Page 17 Feb. 12, 2001www.atlascopco-group.com Earnings by Business Area 2000, excl. non-recurring items

18. Page 18 Feb. 12, 2001www.atlascopco-group.com Contents  Market Development  Business Areas  Financials  Outlook

19. Page 19 Feb. 12, 2001www.atlascopco-group.com Income Statement

20. Page 20 Feb. 12, 2001www.atlascopco-group.com Balance Sheet December 31, 2000

21. Page 21 Feb. 12, 2001www.atlascopco-group.com Cash Flow

22. Page 22 Feb. 12, 2001www.atlascopco-group.com SEK m Quarterly 12months Net rental fleet investment = approx. SEK 4.0 billion Capital Expenditures in Tangible Fixed Assets 19961997199819992000

23. Page 23 Feb. 12, 2001www.atlascopco-group.com Earnings per Share and Dividend SEK 19961997199819992000 *Proposed by the Board of Directors 3.60 4.08 4.324.75 5.25*

24. Page 24 Feb. 12, 2001www.atlascopco-group.com Contents  Market Development  Business Areas  Financials  Outlook

25. Page 25 Feb. 12, 2001www.atlascopco-group.com Total Demand Outlook February 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

26. Page 26 Feb. 12, 2001www.atlascopco-group.com The face of interaction

27. Page 27 Feb. 12, 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.”

28. Page 28 Feb. 12, 2001www.atlascopco-group.com Contents  Q4 Highlights and Strategic Moves  Market Development  Business Areas  Financials  Outlook  Additional Information

29. Page 29 Feb. 12, 2001www.atlascopco-group.com +2753 +294 +12 +729 +384 +178 Orders received, Oct - Dec 2000 Group Total 12,178 MSEK +19% Portion of Group Sales Change in value 2000 / 1999

30. Page 30 Feb. 12, 2001www.atlascopco-group.com +4751 +284 +92 +284 +369 +430 Orders received, Jan - Dec 2000 Group Total 46,628 MSEK +28% Portion of Group Sales Change in value 2000 / 1999

31. Page 31 Feb. 12, 2001www.atlascopco-group.com Long Term Trend

32. Page 32 Feb. 12, 2001www.atlascopco-group.com Compressor Technique * EBIT in Q4 2000 includes SEK 20 m. and EBIT in 2000 includes SEK 33 m. of non- recurring costs. Adjusted profit is SEK 815 m. and margin 19.9% for the quarter and SEK 2,770 m. and margin 18.8% for 2000.

33. Page 33 Feb. 12, 2001www.atlascopco-group.com Compressor Technique

34. Page 34 Feb. 12, 2001www.atlascopco-group.com Construction & Mining Technique

35. Page 35 Feb. 12, 2001www.atlascopco-group.com Construction & Mining Technique

36. Page 36 Feb. 12, 2001www.atlascopco-group.com * EBIT in Q3 1999 includes SEK 83 m. of non-recurring gain. Industrial Technique

37. Page 37 Feb. 12, 2001www.atlascopco-group.com Industrial Technique

38. Page 38 Feb. 12, 2001www.atlascopco-group.com * EBIT in Q3 2000 includes SEK 127 m. of non-recurring cost. Adjusted profit is SEK 1,982 m. and margin 14.2%. Rental Service

39. Page 39 Feb. 12, 2001www.atlascopco-group.com Rental Service

40. Page 40 Feb. 12, 2001www.atlascopco-group.com * Including non-recurring items Group Total*

41. Page 41 Feb. 12, 2001www.atlascopco-group.com Non-recurring items

42. Page 42 Feb. 12, 2001www.atlascopco-group.com Group Total exkl. non-recurring items

43. Page 43 Feb. 12, 2001www.atlascopco-group.com Earnings before Interest and Taxes SEK m. % 1988 19901992 199419961998 2000 12 month values EBIT margin excluding non-recurring items 1999 = 12.1%, 2000 = 13.8%

44. Page 44 Feb. 12, 2001www.atlascopco-group.com Taxes SEK m. % 19961997199819992000

45. Page 45 Feb. 12, 2001www.atlascopco-group.com Inventories, Customer Receivables and Net Rental Equipment Percent of Sales 12 Month Values 19961997199819992000

46. Page 46 Feb. 12, 2001www.atlascopco-group.com Cash and Interest Bearing Debt 1,899 Dec. 1996 10,214 Dec. 1997 10,052 Dec. 1998 19,325 Dec. 1999 22,270 Dec. 2000 Net borrowings SEK m.