Assa Abloy reported a 4% sales growth in Q1 2016, with strong performance in the Americas and EMEA, while experiencing a decline in APAC due to the weak Chinese market. The company's EBIT also rose by 4%, and it received six innovation awards for new products. Despite a good overall performance, the company faced currency challenges and a reduction in personnel as part of restructuring efforts.

1. ASSA ABLOY is the global leader in door opening
solutions, dedicated to satisfying end-user needs
for security, safety and convenience
Q1 Report 2016
Johan Molin
President and CEO

2. Financial highlights Q1, 2016
 Good start of the year
– Strong growth in Americas
– Good growth in EMEA and Entrance systems
– Growth in Global tech and negative in APAC due to weak Chinese
market
– Short quarter due to Easter
 Sales 15,891 MSEK +4%
3% organic, 3% acquired growth, -2% currency
 EBIT 2,411 MSEK +4%
Currency effect -76 MSEK
 EPS 1.47 SEK +1%
Underlying tax rate 26%
2

3.  6 innovation awards at ISC West
– Quantum Secure, SAFE Engine
– goID, virtualized Identity Platform
– KS200, Wired server cabinet lock
– M380, Eco-Magnalock
– EcoFlex, electronic mortise lock
 Strong door closer growth
– New revolutionary super-silent door closer (Fensterbau)
– New door operator with net-zero power consumption
 Strong growth in Pedestrian Door Automation
– New slider range fuels growth
 Complete range of green eco hardware
Market highlights

4. Growth in Eco product line
Energy harvesting Low power
Solar-powered lock Inductive power transfer
ADAEZ Power Operator
EcoMagTM
EcoFlexTM
EcoStrikeTM
EcoPowerTM

5. 5
Group sales in local currencies Jan-Mar 2016
3 +37
40 +7
13 +2
4 +0
1 +11
Share of Group sales 2016 YTD, %
Year-to-date vs previous year, %
39 +5
Emerging markets 22% (23) of sales

6. -15
-12
-9
-6
-3
0
3
6
9
12
15
18
21
34 000
37 000
40 000
43 000
46 000
49 000
52 000
55 000
58 000
61 000
64 000
67 000
70 000
2009 2010 2011 2012 2013 2014 2015 2016
Growth %Sales MSEK
Organic Growth Acquired Growth Sales in Fixed Currencies
Sales growth, currency adjusted
6
2016 Q1 +6%
Organic +3%
Acquired +3%

7. Operating income (EBIT), MSEK
4 500
5 000
5 500
6 000
6 500
7 000
7 500
8 000
8 500
9 000
9 500
10 000
10 500
11 000
11 500
1 000
1 200
1 400
1 600
1 800
2 000
2 200
2 400
2 600
2 800
3 000
3 200
2009 2010 2011 2012 2013 2014 2015 2016
12-monthsQuarter
Quarter Rolling 12-months
Run rate 11,162 MSEK (9,728) +15%
7

8. 12
13
14
15
16
17
2009 2010 2011 2012 2013 2014 2015 2016
EBIT Margin
Quarter Rolling 12-months 2016 Acquisitions Currency
Q1 -0.3% -0.2%
Operating margin, %
Run rate 2016 16.2% (16.3)
8

9. Manufacturing footprint
9
 Status of manufacturing footprint programs 2006-2013:
– 75 factories closed to date, 3 to go
– 94 factories converted to assembly, 21 to go
– 42 offices closed, 7 to go
 Total personnel reduction:
– 457 FTE in quarter
– 11,207 FTE in total
 644 FTE to go for all programs
 457 MSEK of the provision remains for all
programs

10. Margin highlights Q1 2016
EBIT margin 15.2% (15.3) -0.1%
+ Volume increase 2%, price 1%
Margin decline -0.1%
+ 3% Organic growth
+ Manufacturing footprint & pricing
- Currency -0.2%
- Acquisitions -0.3%
10

11. Acquisitions 2016
 Fully active pipeline
 3 acquisitions done in 2016
 Divestment of Carlocks 550 MSEK
 Acquired annualized sales 750 MSEK
 Added sales 1%
11

12. Lighthouse, USA
12
 Turnover of 350 MSEK with 150
employees
 Strategic move into the direct
channel in North America
 A sectional door and docking
distributor in North Carolina, USA
 Platform for expansion
 Accretive to EPS

13. ADAEZ, USA
13
 Turnover of 30 MSEK
 Net-Zero power consumption door
opener
 Complementary product line, with
niche applications like elderly care
 Accretive to EPS

14. 25%
SALES
share of
Group total %
Division – EMEA
 Strong growth in Scandinavia and eastern Europe
 Good growth in Finland, Benelux, France and Italy
 Growth in Germany and Israel and flat in UK and
Iberia
 Easter effect
 Operating margin (EBIT)
+ Organic +3%
= Direct Material
- Investments in R&D
- Dilution from acq & currency -0.1%
14
13
14
15
16
17
18
19
2010 2011 2012 2013 2014 2015 2016
EBIT %

15. MSEK 2015 2016 Change 2014 2015 Change
1st Quarter Twelve months
EMEA Financial Review
Sales 3,944 4,004 +2% 14,753 16,524 +12%
Organic growth +3% +4%
Acquired growth +2% +4%
EBIT 626 634 +1% 2,432 2,620 +8%
EBIT-margin (%) 15.9 15.8 16.5 15.9
RoCE (%) 19.1 18.6 21.0 20.4
Operating cash flow
before paid interest 217 188 -13% 2,288 2,622 +15%
15

16. Division - Americas
 Strong growth in AHW, Elmech, Residential, Canada,
Mexico and South America
 Good growth in Doors
 Growth in High Security
 Good general activity level in the market
 Operating margin (EBIT)
+ Organic +6%
+ Efficiency
- Currency and acq -1.2%
16
20
18
19
20
21
22
23
2010 2011 2012 2013 2014 2015 2016
EBIT %
25%
SALES
share of
Group total %

17. Americas Financial Review
Sales 3,664 3,969 +8% 12,156 15,665 +29%
Organic growth +6% +7%
Acquired growth +3% +2%
EBIT 772 824 +7% 2,613 3,363 +29%
EBIT-margin (%) 21.1 20.8 21.5 21.5
RoCE (%) 22.1 23.0 23.1 24.1
Operating cash flow
before paid interest 156 271 +74% 2,637 3,217 +22%
1st Quarter Twelve months
MSEK 2015 2016 Change 2014 2015 Change
17

18. Division - Asia Pacific
 Strong growth in New Zealand and South Asia
 Negative in Australia and North Asia
 Continued decline in China
– Personnel reduction China –303 p
 Operating margin (EBIT)
- Organic -3%
+ Savings mitigate sales decline
= Currency and acq 0%
14
18
8
10
12
14
16
18
2010 2011 2012 2013 2014 2015 2016
EBIT %
10%
SALES
share of
Group total %

19. Asia Pacific Financial Review
Sales 1,847 1,758 -5% 8,336 10,171 +22%
Organic growth -3% -3%
Acquired growth +2% +9%
EBIT 189 174 -8% 1,187 1,436 +21%
EBIT-margin (%) 10.2 9.9 14.2 14.1
RoCE (%) 7.1 5.7 14.2 12.6
Operating cash flow
before paid interest -212 -221 -4% 931 1,235 +33%
1st Quarter Twelve months
19
MSEK 2015 2016 Change 2014 2015 Change

20. Division - Global Technologies
 HID
– Strong growth in Project sales,
IDT (inlays) and Quantum secure
– Growth in PACS (Access control)
– Decline in IAM (Identity) and Gov-Id
 Hospitality
– Growth
– Strong profit
 Operating margin (EBIT)
= Organic +1%
- Negative mix and R&D investments
- Currency and acq -0.5%
13
20
14
15
16
17
18
19
20
21
2010 2011 2012 2013 2014 2015 2016
EBIT %
13%
SALES
share of
Group total %

21. Global Technologies Financial Review
Sales 2,071 2,147 +4% 7,207 9,100 +26%
Organic growth +1% +7%
Acquired growth +4% +2%
EBIT 360 363 +1% 1,368 1,647 +20%
EBIT-margin (%) 17.4 16.9 19.0 18.1
RoCE (%) 16.3 14.7 19.6 18.8
Operating cash flow
before paid interest 130 110 -15% 1,282 1,557 +21%
1st Quarter Twelve months
21
MSEK 2015 2016 Change 2014 2015 Change

22. Division - Entrance Systems
 Strong growth in 4Front, Amarr
 Good growth in High Speed Doors and Door Automatics
 Flat in EU Industrial and negative in EU Residential and
Ditec
 Good leverage from consolidation
 Operating margin (EBIT)
+ Organic +3%
+ Consolidation effects
- Dilution from acq and currency -0.6%
28
22
10
12
14
16
18
2010 2011 2012 2013 2014 2015 2016
EBIT %
27%
SALES
share of
Group total %

23. Entrance Systems Financial Review
Sales 4,041 4,291 +6% 15,409 17,957 +17%
Organic growth +3% +5%
Acquired growth +5% +1%
EBIT 486 529 +9% 2,054 2,436 +19%
EBIT-margin (%) 12.0 12.3 13.3 13.6
RoCE (%) 11.6 12.3 13.1 14.9
Operating cash flow
before paid interest 462 403 -13% 2,007 2,637 +31%
1st Quarter Twelve months
MSEK 2015 2016 Change 2014 2015 Change
23

24. ASSA ABLOY is the global leader in door opening
solutions, dedicated to satisfying end-user needs
for security, safety and convenience
Q1 Report 2016
Carolina Dybeck Happe
CFO
ASSA ABLOY is the global leader in door opening
solutions, dedicated to satisfying end-user needs
for security, safety and convenience

25. Financial highlights Q1 2016
MSEK 2015 2016 Change 2014 2015 Change
Sales 15,252 15,891 +4% 56,843 68,099 +20%
Whereof
Organic growth 680 448 +3% 1,510 2,634 +4%
Acquired growth 376 490 +3% 4,714 2,078 +3%
FX-differences 1,892 -299 -2% 2,138 +6,544 +13%
Operating income (EBIT) 2,329 2,411 +4% 9,257 11,079 +20%
EBIT-margin (%) 15.3 15.2 16.3 16.3
Operating cash flow 520 498 -4% 8,238 9,952 +21%
EPS (SEK) 1.45 1.47 +1% 5.79 6.93 +20%
1st Quarter Twelve months
25

26. Bridge Analysis – Jan-Mar 2016
MSEK 2015
Jan-Mar
Organic Currency Acq/Div 2016
Jan-Mar
3% -2% 3% 4%
Sales 15,252 448 -299 490 15,891
EBIT 2,329 137 -76 22 2,411
% 15.3% 30.5% 25.6% 4.5% 15.2%
Dilution / Accretion 0.4% -0.2% -0.3%
26

27. P&L Components as % of sales
Jan – Mar 2016
Direct material 35.6% 35.0% 34.5%
Conversion costs 25.3% 25.4% 25.9%
Gross Margin 39.1% 39.6% 39.6%
S, G & A 23.8% 24.1% 24.4%
EBIT 15.3% 15.5% 15.2%
2016
Q1 excl
acquisitions
2015
Q1
2016
Q1
27

28. Operating cash flow, MSEK
4 500
5 000
5 500
6 000
6 500
7 000
7 500
8 000
8 500
9 000
9 500
10 000
10 500
11 000
0
500
1 000
1 500
2 000
2 500
3 000
3 500
4 000
4 500
5 000
2009 2010 2011 2012 2013 2014 2015 2016
12-monthsQuarter
Quarter Cash Rolling 12-months EBT Rolling 12 months
28

29. Gearing % and net debt, MSEK
0
20
40
60
80
100
120
0
5 000
10 000
15 000
20 000
25 000
30 000
2009 2010 2011 2012 2013 2014 2015 2016
GearingNet Debt
Net debt Gearing
Debt/Equity
58 (64)
Net debt/EBITDA
2.0 (2.3)
29
*) 2009-2011 Not restated for changed pension accounting principles.

30. Earnings per share, SEK
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00
6.50
7.00
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
2.00
2009 2010 2011 2012 2013 2014 2015 2016
12-monthsQuarter SEK
Quarter Rolling 12-months
30
Restated for Stock split 3:1 2015.
Dividend proposal 2016: 2.65 SEK (2.17)

31. ASSA ABLOY is the global leader in door opening
solutions, dedicated to satisfying end-user needs
for security, safety and convenience
Q1 Report 2016
Johan Molin
President and CEO

32. Conclusions Q1 2016
 Good growth by 4% with 3% organic
 Continued strong North America and positive evolution in
Europe
 Strong prize winning innovations
 Good EBIT development by +4%
32

33. ASSA ABLOY is the global leader in door opening
solutions, dedicated to satisfying end-user needs
for security, safety and convenience
Q&A