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Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
Atlas Copco Q4-2011 results handout
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Atlas Copco Q4-2011 results handout

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  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • January 31, 2012
  • Transcript

    • 1. Atlas Copco Group Q4 2011 results January 31, 2012
    • 2. Q4 - highlights <ul><li>Overall demand at a high level </li></ul><ul><ul><li>Solid development in manufacturing and mining business </li></ul></ul><ul><ul><li>Weakening demand for some types of equipment </li></ul></ul><ul><ul><li>Strong growth in aftermarket </li></ul></ul><ul><li>Record revenues </li></ul><ul><li>Increased operational investments and acquisitions </li></ul><ul><li>Proposed dividend of SEK 5.00 (4.00) per share, totaling MSEK 6 058 </li></ul>January 31, 2012
    • 3. Q4 - figures in summary <ul><li>Orders received of MSEK 21 927 (19 374), 14% organic growth </li></ul><ul><li>Revenues of MSEK 22 290 (19 401), 16% organic growth </li></ul><ul><li>Operating profit increased by 15% to MSEK 4 596 </li></ul><ul><ul><li>Adjusted margin at 21.7% (21.6) </li></ul></ul><ul><ul><ul><li>Restructuring costs of MSEK 125 in Corporate and in Construction Technique </li></ul></ul></ul><ul><ul><ul><li>Negative effect of MSEK 116 (177) from share-related long-term incentive programs </li></ul></ul></ul><ul><li>Profit before tax at MSEK 4 436 (3 920) </li></ul><ul><ul><li>MSEK 43 capital gain related to sale of all remaining shares in RSC Holdings </li></ul></ul><ul><li>Basic earnings per share SEK 2.78 (2.39) </li></ul><ul><li>Operating cash flow at MSEK 1 574 (2 529) </li></ul>January 31, 2012
    • 4. Orders received - local currency January 31, 2012 Group total +24% YTD, +16% last 3 months Structural change +2% YTD, +2% last 3 months December 2011 A B C 19 +37 +19 10 +16 +22 31 +19 +13 11 +29 +1 22 +23 +14 7 +23 +63 A = Share of orders received, year-to-date, % B = Year-to-date vs. previous year, % C = Last 3 months vs. previous year, %
    • 5. Q4 - Americas <ul><li>Good demand in North America </li></ul><ul><ul><li>Increased order intake in all business areas </li></ul></ul><ul><ul><ul><li>Record high for Industrial Technique and Construction Technique </li></ul></ul></ul><ul><ul><li>Strong growth in aftermarket </li></ul></ul><ul><li>Strong South America </li></ul><ul><ul><li>Mining and manufacturing growth drivers </li></ul></ul><ul><ul><li>Demand from the construction industry remained weak </li></ul></ul>January 31, 2012 December 2011 A B C A = Share of orders received, year-to-date, % B = Year-to-date vs. previous year, % C = Last 3 months vs. previous year, % 19 +37 +19 10 +16 +22
    • 6. Q4 - Europe and Africa/Middle East <ul><li>Stable demand in Europe compared to Q3 </li></ul><ul><ul><li>Strong development in northern Europe, weak in the south </li></ul></ul><ul><ul><li>Orders for mining and civil engineering increased </li></ul></ul><ul><li>Healthy demand in in Africa / Middle East </li></ul>January 31, 2012 December 2011 A B C A = Share of orders received, year-to-date, % B = Year-to-date vs. previous year, % C = Last 3 months vs. previous year, % 31 +19 +13 11 +29 +1
    • 7. Q4 - Asia and Australia <ul><li>High order intake in Asia </li></ul><ul><ul><li>Strong demand, except for some types of construction equipment </li></ul></ul><ul><ul><li>Continued strong growth in aftermarket </li></ul></ul><ul><li>Record orders received in Australia </li></ul><ul><ul><li>Several sizeable orders from the mining industry </li></ul></ul><ul><ul><li>Strong aftermarket </li></ul></ul>January 31, 2012 December 2011 A B C A = Share of orders received, year-to-date, % B = Year-to-date vs. previous year, % C = Last 3 months vs. previous year, % 22 +23 +14 7 +23 +63
    • 8. Organic * growth per quarter <ul><li>Change in orders received in % vs. same quarter previous year </li></ul>January 31, 2012 Atlas Copco Group, continuing operations *Volume and price
    • 9. Atlas Copco Group – sales bridge January 31, 2012
    • 10. Atlas Copco Group January 31, 2012 2011 Compressor Technique 39% Industrial Technique 9% Construction Technique 36% Revenues per business area Mining and Rock Excavation Technique 16%
    • 11. Compressor Technique <ul><ul><li>Healthy demand for industrial compressors and aftermarket </li></ul></ul><ul><ul><li>12% organic order growth </li></ul></ul><ul><li>Record revenues and operating profit </li></ul><ul><ul><li>Solid operating margin at 23.3% (24.9) </li></ul></ul><ul><li>New factory in China </li></ul><ul><li>Acquisitions in China and the United States </li></ul><ul><li>Quality Air division created </li></ul>January 31, 2012
    • 12. Industrial Technique <ul><li>26% organic order growth </li></ul><ul><ul><li>Strong demand from the motor vehicle industry in all major markets </li></ul></ul><ul><ul><li>Positive development in the aftermarket </li></ul></ul><ul><li>Record revenues and operating profit </li></ul><ul><ul><li>Operating margin at 23.6% (21.9) </li></ul></ul><ul><li>Acquisitions in new technologies </li></ul>January 31, 2012
    • 13. Mining and Rock Excavation Technique <ul><li>Continued high mining demand </li></ul><ul><ul><li>21% organic order growth and record orders received </li></ul></ul><ul><ul><li>Strong growth in aftermarket </li></ul></ul><ul><li>Record revenues and operating profit </li></ul><ul><ul><li>Operating margin at 25.1% (23.5) </li></ul></ul><ul><li>Acquisitions in presence and new products </li></ul>January 31, 2012
    • 14. Construction Technique <ul><li>Weak demand </li></ul><ul><ul><li>Orders received -9%, organically </li></ul></ul><ul><ul><li>Orders particularly low for road construction equipment </li></ul></ul><ul><ul><li>Favorable aftermarket development </li></ul></ul><ul><li>Operating margin was 4.1% (10.5) </li></ul><ul><ul><li>Affected by low production volumes and restructuring costs of MSEK 75 </li></ul></ul><ul><ul><li>Adjusted operating margin 6.6% </li></ul></ul>January 31, 2012
    • 15. Group total January 31, 2012 October – December 2011 vs. 2010
    • 16. Profit bridge January 31, 2012 October – December 2011 vs. 2010
    • 17. Profit bridge – by business area January 31, 2012 October – December 2011 vs. 2010
    • 18. Balance sheet January 31, 2012
    • 19. Capital structure January 31, 2012 Net Debt*/EBITDA * Net Debt adjusted for the fair value of interest rate swaps
    • 20. Cash flow January 31, 2012
    • 21. 2011 – A fantastic year <ul><li>Strong demand development </li></ul><ul><li>Continued investments in market presence, new technologies and new products, product development and production capacity </li></ul><ul><li>Record 4 </li></ul><ul><ul><li>Order intake increased to MSEK 86 955, a 22% organic increase </li></ul></ul><ul><ul><li>Revenues up 16% to MSEK 81 203, a 22% organic increase </li></ul></ul><ul><ul><li>Operating profit up 26% to MSEK 17 560 </li></ul></ul><ul><ul><li>Operating margin of 21.6% </li></ul></ul><ul><li>Operating cash flow of MSEK 6 292 (9 698) </li></ul><ul><li>Proposed dividend of SEK 5.00 (4.00) per share </li></ul>January 31, 2012
    • 22. Revenues and operating profit January 31, 2012
    • 23. Atlas Copco Group January 31, 2012 Earnings per Share, Dividend and Redemption * Proposed by the Board of Directors
    • 24. Near-term outlook <ul><li>The overall demand for Atlas Copco’s products and services is expected to weaken somewhat from the current high level. </li></ul>January 31, 2012
    • 25. &nbsp;
    • 26. January 31, 2012

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