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Atlas Copco Group Q1 2013 results April 29, 2013
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Q1 in brief Solid demand for service, weaker for equipment Service business continues to develop well Equipment demand somewhat lower sequentially –Stable orders for most industrial equipment –Orders decreased for mining equipment Solid profitability Atlas Copco 140 years April 29, 2013 2
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Q1 figures in summary Orders received decreased to MSEK 21 008, organic decline of 11% Revenues decreased by 9% to MSEK 20 227, organic decline of 5% Operating profit decreased to MSEK 4 156 (4 614) Operating margin at 20.5% (20.7) Profit before tax at MSEK 4 045 (4 494) Basic earnings per share SEK 2.46 (2.81) Operating cash flow at MSEK 1 628 (1 441) April 29, 2013 3
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Orders received - local currency April 29, 2013 4 March 2013 A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % AB 31 12-21 230 5-44 100-11 20-8 9-21
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Q1 - the Americas North America –Healthy demand from the manufacturing and construction industries –Lower orders received for mining equipment –Service continued to grow South America –Orders received decreased, primarily due to lower demand for mining equipment April 29, 2013 5 March 2013 A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % AB 20-8 9-21
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Q1 - Europe and Africa/Middle East Europe –Orders received increased somewhat sequentially –Improved orders for drilling equipment for mining and tunneling –Strongest growth in Germany and Turkey Africa / Middle East –Higher order intake sequentially –Improvements in Southern Africa and the Middle East April 29, 2013 6 March 2013 A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % AB 31 12-21
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Q1 - Asia and Australia Asia –Order intake slightly higher sequentially –Strongest growth in South East Asia –Sequential improvement in China and India Australia –Lower demand from the mining industry April 29, 2013 7 March 2013 A =Share of orders received, year-to-date, % B =Year-to-date vs. previous year, % AB 230 5-44
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Change in orders received in % vs. same quarter previous year Organic* growth per quarter Atlas Copco Group, continuing operations *Volume and price April 29, 2013 8
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Atlas Copco Group – sales bridge April 29, 2013 9
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Atlas Copco Group April 29, 2013 10 12 months until March 2013 Compressor Technique 39% Industrial Technique 10% Construction Technique 37% Revenues per business area Mining and Rock Excavation Technique 14%
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Compressor Technique Stable order volumes for industrial compressors Service and parts continued to grow Operating margin improved to 22.9% (22.1) –Supported by efficiency improvements Launch of break-through energy- efficient compressor April 29, 2013 11
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Industrial Technique Weaker demand –Positive development in North America, negative in Europe and Asia Operating margin at 22.3% (24.0) –Affected by lower volumes Acquisitions to broaden the product portfolio April 29, 2013 12
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Mining and Rock Excavation Technique Equipment orders decreased –Cautiousness to invest affected demand from mining customers –Improvement in civil engineering Good demand level for service and parts Operating margin at 23.4% (24.6) Acquisition of rock drilling tools business in China April 29, 2013 13
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Construction Technique Organic order intake decreased –Asia and North America improved –Weak demand in Europe Operating margin at 9.5% (10.7) New visual identity for road construction equipment April 29, 2013 14
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Group total April 29, 2013 15 January – March 2013 vs. 2012
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Profit bridge April 29, 2013 16 January – March 2013 vs. 2012
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Profit bridge – by business area April 29, 2013 17 January – March 2013 vs. 2012
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Balance sheet April 29, 2013 18
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Cash flow April 29, 2013 19
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Near-term outlook The overall demand for the Group’s products and services is expected to remain at the current level. April 29, 2013 20
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Committed to sustainable productivity. April 29, 2013 22
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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 and adversely affected by other factors such as the effect of economic conditions, exchange-rate and interest-rate movements, political risks, the impact of competing products and their pricing, product development, commercialization and technological difficulties, supply disturbances, and major customer credit losses.” April 29, 2013 23
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