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Atlas Copco Group. Q2 2012 results July 17, 2012. Q2 - highlights. Healthy demand Organic order intake declined slightly Stable order intake for small and medium sized equipment Lower order intake of large compressors and mining equipment Strong development for the aftermarket
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Atlas Copco Group Q2 2012 results July 17, 2012
Q2 - highlights • Healthy demand • Organic order intake declined slightly • Stable order intake for small and medium sized equipment • Lower order intake of large compressors and mining equipment • Strong development for the aftermarket • Sequential improvement in Asia, incl. China • Record revenues and operating profit • Continued strong value creation July 17, 2012
Q2 - figures in summary • Orders received increased by 5% to MSEK 23 263, organic decline 2% • Revenues up 17% to a record of MSEK 23 437, organic growth 9% • Operating profit increased by 20% to MSEK 5 019 (4 177) • Operating margin at 21.4% (20.9) • Profit before tax at MSEK 4 839 (4 081) • Basic earnings per share SEK 2.98 (2.46) • Operating cash flow at MSEK 1 891 (567) July 17, 2012
Orders received - local currency Group total 7+% YTD, +1% last 3 months Structural change +3% YTD, +3% last 3 months June 2012 July 17, 2012
Q2 - the Americas • Robust demand in North America • Order intake remained on a high level • Large mining orders in Mexico in Q2 2011 • Sales of construction equipment improved • Orders received improved for all business areas in South America • Strong mining demand • Sequential improvement in Brazil June 2012 July 17, 2012
Q2 - Europe and Africa/Middle East • Orders received largely flat in Europe • Growth in Russia and Eastern Europe • Challenging market conditions in Western and Southern Europe • High level of orders in Africa / Middle East • Large orders in Q2 2011 for mining equipment and compressed air equipment June 2012 July 17, 2012
Q2 - Asia and Australia • Healthy demand in Asia • Order intake increased slightly • Positive year-on-year development for mining • Decrease for industrial compressors and construction equipment • Order volumes improved sequentially in China • Order growth in Australia • Mining demand remain on high level • Large Liquefied Natural Gas compressor order June 2012 July 17, 2012
Organic* growth per quarter Atlas Copco Group, continuing operations • Change in orders received in % vs. same quarter previous year *Volume and price July 17, 2012
Atlas Copco Group – sales bridge July 17, 2012
Atlas Copco Group Revenues per business area ConstructionTechnique 15% CompressorTechnique 38% 37% Mining and Rock ExcavationTechnique 10% Industrial Technique 12 months until June 2012 July 17, 2012
Compressor Technique • Healthy level of order intake • Lower orders for large equipment • Organic order decline of 7% • Good aftermarket development • Operating margin at 22.0% (24.0) • Increased investments in marketing and product development • Agreement to acquire compressor manufacturer in Turkey • Launch of full range of vacuum pumps July 17, 2012
Industrial Technique • Robust order intake • Continued strong demand from the motor vehicle industry • Slight decrease in order intake from the general industry • Good performance of the aftermarket • Operating margin at 22.8% (21.8) July 17, 2012
Mining and Rock Excavation Technique • Continued strong mining activity • Order volumes for equipment declined • Strong aftermarket growth • Record revenues and operating profit • Operating margin at 24.8% (23.5) July 17, 2012
Construction Technique • Overall demand largely unchanged • Orders received -2%, organically • Increased order intake in North America • Weakness in Asia and in Europe • Order intake increased sequentially in China and Brazil • Operating margin at 13.2% (13.9) July 17, 2012
Group total April – June 2012 vs. 2011 July 17, 2012
Profit bridge April – June 2012 vs. 2011 July 17, 2012
Profit bridge – by business area April – June 2012 vs. 2011 July 17, 2012
Balance sheet July 17, 2012
Cash flow July 17, 2012
Near-term outlook The overall demand for Atlas Copco’s products and services is expected to remain at the current high level. July 17, 2012
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.” July 17, 2012
