COMMITTED TO

SUSTAINABLE

PRODUCTIVITY

Q2 2015 results

July 16, 2015

Q2 IN BRIEF

Growth in service

Increased order intake in Europe – decreased in Asia

Order volumes for equipment better than in Q1 2015

Record orders received, revenues and operating profit

– Strong impact from currency

Solid operating cash flow

July 16, 2015

Atlas Copco - Q2 results 2015

2

INNOVATION HIGHLIGHT

Significant sales increase

Ergonomic and user-friendly design

High impact force and speed give outstanding

compaction efficiency

Durable and service friendly

LT6005 / LT5005 compaction tool

Q2 FIGURES IN SUMMARY

Orders received increased 14% to MSEK 26 775, flat organically

Revenues increased to MSEK 26 111, organic decline of 3%

Adjusted operating profit was MSEK 5 162 (4 382), margin at 19.8% (18.8)

– Reported operating profit was MSEK 5 072 (4 339), margin at 19.4% (18.6)

– Change in provision for long-term incentive program MSEK +70 (-43)

– Restructuring costs of MSEK 160 (0)

Profit before tax at MSEK 4 850 (4 174)

Basic earnings per share SEK 3.00 (2.64)

Operating cash flow at MSEK 3 481 (3 102)

July 16, 2015

Atlas Copco - Q2 results 2015

4

ORDERS RECEIVED - LOCAL CURRENCY

July 16, 2015

Atlas Copco - Q2 results 2015

5

June 2015

100 0 +2

A = Share of orders received, year-to-date, %

B = Year-to-date vs. previous year, %

C = Last 3 months vs. previous year, %

A B C

24 -1 +2

7 -10 -9

30 +4 +10

10 +5 -1

25 -2 -2

4 -10 -10

ORGANIC* ORDER GROWTH PER QUARTERAtlas Copco Group, continuing operations

July 16, 2015

Atlas Copco - Q2 results 2015

6

* Volume and price

-40

-30

-20

-10

0

10

20

30

40

04

Q1

04

Q2

04

Q3

04

Q4

05

Q1

05

Q2

05

Q3

05

Q4

06

Q1

06

Q2

06

Q3

06

Q4

07

Q1

07

Q2

07

Q3

07

Q4

08

Q1

08

Q2

08

Q3

08

Q4

09

Q1

09

Q2

09

Q3

09

Q4

10

Q1

10

Q2

10

Q3

10

Q4

11

Q1

11

Q2

11

Q3

11

Q4

12

Q1

12

Q2

12

Q3

12

Q4

13

Q1

13

Q2

13

Q3

13

Q4

14

Q1

14

Q2

14

Q3

14

Q4

15

Q1

15

Q2

Organic growth, % Order cancellations, %

Orders

MSEK received Revenues

2014 23 450 23 348

Structural change, % +2 +2

Currency, % +12 +13

Price, % +1 +0

Volume, % -1 -3

Total, % +14 +12

2015 26 775 26 111

April - June

ATLAS COPCO GROUP – SALES BRIDGE

July 16, 2015

Atlas Copco - Q2 results 2015

7

ATLAS COPCO GROUP

Compressor Technique

Industrial Technique

Mining and Rock Excavation

Technique

Construction Technique

Revenues by business area

July 16, 2015

Atlas Copco - Q2 results 2015

8

13%

27%

15%

45%

12 months until June 2015

COMPRESSOR TECHNIQUE

Record order intake, supported by currency

– Growth in service

– Stable demand for small and medium-sized

compressors, low for large

– Increased order intake for vacuum solutions

Record operating profit

– Operating margin at 22.7% (21.4)

July 16, 2015

Atlas Copco - Q2 results 2015

9

Oil-injected screw compressors with up to 5%

improved performance

0%

5%

10%

15%

20%

25%

30%

0

2 500

5 000

7 500

10 000

12 500

15 000

Q12013

Q22013

Q32013

Q42013

Q12014

Q22014

Q32014

Q42014

Q12015

Q22015

Orders received, MSEK Revenues, MSEK

Operating margin, % Adjusted operating margin, %

INDUSTRIAL TECHNIQUE

Increased order intake

– Strong demand from motor vehicle industry and

aerospace, weak from off-road

– Growth in service

Record revenues and operating profit

– Operating margin at 23.4% (22.5)

0%

5%

10%

15%

20%

25%

0

1 000

2 000

3 000

4 000

5 000

Q12013

Q22013

Q32013

Q42013

Q12014

Q22014

Q32014

Q42014

Q12015

Q22015

Orders received, MSEK Revenues, MSEK Operating margin, %

July 16, 2015

Atlas Copco - Q2 results 2015

10

Versatile bolt tensioning tools

MINING AND ROCK EXCAVATION TECHNIQUE

Order intake for equipment higher than Q1 2015

Strong service business

Further efficiency measures

– Restructuring costs of MSEK 65

Adjusted operating margin at 19.3% (18.1)

0%

5%

10%

15%

20%

25%

0

1 000

2 000

3 000

4 000

5 000

6 000

7 000

8 000

9 000

10 000

Q12013

Q22013

Q32013

Q42013

Q12014

Q22014

Q32014

Q42014

Q12015

Q22015

Orders received, MSEK Revenues, MSEK

Operating margin, % Adjusted operating margin, %

July 16, 2015

Atlas Copco - Q2 results 2015

11

A surface drill rig for construction applications and small quarries with

low emissions

CONSTRUCTION TECHNIQUE

Decreased order intake

– Weak portable compressors and road construction

– Growth in Europe, decrease in all other regions

Restructuring costs of MSEK 95

– Adjusted operating margin 13.0% (13.4)

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%

0

500

1 000

1 500

2 000

2 500

3 000

3 500

4 000

4 500

5 000

Q12013

Q22013

Q32013

Q42013

Q12014

Q22014

Q32014

Q42014

Q12015

Q22015

Orders received, MSEK Revenues, MSEK

Operating margin, % Adjusted operating margin, %

July 16, 2015

Atlas Copco - Q2 results 2015

12

An intelligent monitoring system for road construction equipment saves time and

cost for the customers

MSEK 2015 2014 %

Orders received 26 775 23 450 14%

Revenues 26 111 23 348 12%

Operating profit 5 072 4 339 17%

– as a percentage of revenues 19.4 18.6

Profit before tax 4 850 4 174 16%

– as a percentage of revenues 18.6 17.9

Profit for the period 3 651 3 207 14%

Basic earnings per share, SEK 3.00 2.64

Return on capital employed, % 25 25

April - June

GROUP TOTALApril – June 2015 vs. 2014

July 16, 2015

Atlas Copco - Q2 results 2015

13

Volume, price, One-time items Share based

MSEK Q2 2015 mix and other Currency Acquisitions LTI programs Q2 2014

Atlas Copco Group

Revenues 26 111 -667 2 900 530 23 348

EBIT 5 072 -255 945 -70 113 4 339

% 19.4% 38.2% 18.6%

PROFIT BRIDGEApril – June 2015 vs. 2014

July 16, 2015

Atlas Copco - Q2 results 2015

14

Volume, price, One-time items

MSEK Q2 2015 mix and other Currency Acquisitions Q2 2014

Compressor Technique

Revenues 11 462 -361 1 395 75 10 353

EBIT 2 603 -26 405 5 2 219

% 22.7% 7.2% 21.4%

Industrial Technique

Revenues 3 697 242 350 455 2 650

EBIT 865 70 110 90 595

% 23.4% 28.9% 22.5%

Mining and Rock Excavation Technique

Revenues 6 870 -216 690 0 6 396

EBIT 1 258 -187 355 -65 1 155

% 18.3% 86.6% 18.1%

Construction Technique

Revenues 4 256 -272 460 0 4 068

EBIT 457 -93 100 -95 545

% 10.7% 34.2% 13.4%

PROFIT BRIDGE – BY BUSINESS AREAApril – June 2015 vs. 2014

July 16, 2015

Atlas Copco - Q2 results 2015

15

MSEK

Intangible assets 33 860 32% 33 197 32% 27 232 29%

Rental equipment 3 113 3% 3 177 3% 2 815 3%

Other property, plant and equipment 9 508 9% 9 433 9% 8 324 9%

Other non-current assets 3 690 4% 3 530 3% 3 631 4%

Inventories 18 968 18% 18 364 17% 18 643 20%

Receivables 27 398 26% 26 015 25% 24 786 27%

Current financial assets 1 910 2% 2 150 2% 1 943 2%

Cash and cash equivalents 6 301 6% 9 404 9% 5 364 6%

Assets classified as held for sale 34 0% 11 0% 12 0%

TOTAL ASSETS 104 782 105 281 92 750

Total equity 43 074 41% 50 753 48% 40 220 43%

Interest-bearing liabilities 28 943 28% 26 997 26% 27 793 30%

Non-interest-bearing liabilities 32 765 31% 27 531 26% 24 737 27%

TOTAL EQUITY AND LIABILITIES 104 782 105 281 92 750

Jun. 30, 2015 Dec. 31, 2014 Jun. 30, 2014

BALANCE SHEET

July 16, 2015

Atlas Copco - Q2 results 2015

16

MSEK 2015 2014

Operating cash surplus 6 170 4 999

of which depreciation added back 1 059 847

Net financial items 367 -422

Taxes paid -1 199 -1 037

Pension funding 36 -14

Change in working capital -520 409

Increase in rental equipment, net -272 -318

Cash flows from operating activities 4 582 3 617

Investments of property, plant & eq., net -399 -331

Other investments, net -194 -378

Cash flow from investments -593 -709

Adjustment, currency hedges of loans -508 194

Operating cash flow 3 481 3 102

Company acquisitions/ divestments -22 -356

April - June

CASH FLOW

July 16, 2015

Atlas Copco - Q2 results 2015

17

NEAR-TERM OUTLOOK

The overall demand for the Group is expected to increase somewhat.

July 16, 2015

Atlas Copco - Q2 results 2015

18

COMMITTED TO

SUSTAINABLE PRODUCTIVITY.

July 16, 2015

Atlas Copco - Q2 results 2015

19