ASSA ABLOY released its interim report January - December on Thursday 7 February 2013 at 08.00 am (CET). A combined investors’ and analyst meeting and web conference was held at Operaterrassen in Stockholm, Sweden, at 10:00 am (CET). Welcome to visit our Investor pages at http://www.assaabloy.com/investors/

1. Q4 Report 2012
Johan Molin
President & CEO
1

2. Financial highlights Q4 2012
 Good performance in a tough market
– Good growth in Americas and improvement in the Pacific
– Stable situation in EMEA, APAC and Global Tech
– ESD suffering from weak Europe
– Record profit and cash flow
 Sales 12,239 MSEK +4%
0% organic, +7% acquired growth, -3% currency
 EBIT 2,030 MSEK +8%
Currency effect -41 MSEK
 EPS 3.74 SEK +9%
Underlying tax rate 24%
2

3. Financial highlights Jan-Dec 2012
 A good year in a challenging market
 Sales 46,619 MSEK +12%
+2% organic, +9% acquired growth, +1% currency
 EBIT 7,501 MSEK +13%
Currency effect 37 MSEK
 EPS 13.84 SEK +13%
Underlying tax rate 24%
3

4. Market highlights
 Strong demand for SE readers
with SIO in Physical access
 Digital door locks sees strong
growth in the Americas
 New industrial door range for
distribution in ESD
 New modular lock range for
Europe
4

5. Modular lock range
 Platform based mechanical &
elmech locks for commercial
applications
 Sustainability ECO Design,
“Sustainable Design” and
EPD
 20 new patents
 Branded ASSA ABLOY, like the
success of ASSA ABLOY door
closers
5

6. Group sales in local currencies Jan-Dec
2012 Emerging markets 25% of sales
despite acquisitions in Europe
47 +11
29 +12
16 +9
1 +16
2 +9
5 +1
Share of Group sales 2012 YTD, %
Year-to-date vs previous year, %
6

7. Organic growth index
Recovery from recession
Group +0%
Division Index
EMEA -7%
Americas -13%
Asia Pacific +33%
Global Tech +14%
ESD +0%
7

8. Sales growth, currency adjusted
Sales MSEK Growth, %
2012 Q4 +7%
48 000 24
46 000 Organic +0% 21
44 000 Acquired +7% 18
42 000 15
40 000 12
9
38 000 6
36 000 3
34 000 0
32 000 -3
30 000 -6
-9
28 000 -12
26 000 -15
24 000 -18
2005 2006 2007 2008 2009 2010 2011 2012
Organic Growth Acquired Growth Sales in Fixed Currencies
8

9. Operating income (EBIT), MSEK
Quarter 12-months
2 100 Run rate 7,501 MSEK (6,624) +13% 8 000
2 000
7 500
1 900
1 800 7 000
1 700
1 600 6 500
1 500 6 000
1 400
1 300 5 500
1 200 5 000
1 100
1 000 4 500
900
4 000
800
700 3 500
2005 2006 2007 2008 2009 2010 2011 2012
Quarter Rolling 12-months
*) Excluding restructuring costs.
9

10. Operating margin (EBIT)*, %
EBIT Margin
17,0
Long term target range (average)
16,0
15,0
Run rate 2012 16.1% (15.9)
14,0
13,0
12,0
2005 2006 2007 2008 2009 2010 2011 2012
Quarter Rolling 12-months
Q4 2012 Dilution Q1 2013 effect
QTD +0.1% Easter -2 days
YTD -0.2%
*) Excluding restructuring costs.
10

11. Manufacturing footprint
 Status manufacturing footprint programs 2006-2011:
– 53 factories closed to date, 15 to go
– 56 factories converted to assembly, 19 to go
– 28 offices closed, 1 to go
 Personnel reduction QTD 301p and total 6,765p
 770p in further planned reductions
 1,068 MSEK of the provision remains for all programs
11

12. Margin highlights Q4 2012
EBIT margin 16.6% (16.0) +0.6%
+ Volume increase -1%, price +1%
+ Margin expansion from organic growth 0.5%
- Organic growth 0%
+ Manufacturing footprint
+ Capacity adjustments
+ Raw material
+ Contribution from acquisitions +0.1%
12

13. Acquisitions 2012
 Fully active pipeline
 13 acquisitions done in 2012
 Annualized sales 4,500 MSEK +10.8%
 Major acquisitions Jan-Dec 2012:
 Albany, US
 Dynaco, BE
 Securistyle, UK
 Sanhe Metal, China
 Helton, Canada
 Guoqiang, China
 4Front, USA
13

14. 4Front, USA
 US Market leader in docking
equipment with sales of 1,100 MSEK
 Adds strong distribution network
across North America
 Leading well known brands and
products with 125 active patents
 Offers a manufacturing base for
production in North America
 Single digit EBIT but accretive to EPS
in 2013
14

15. Division - EMEA
SALES
share of
 Weak December due to few working days Group total %
 Growth in UK, France, Israel, Middle east and
Eastern Europe 28
 Slight decline in Scandinavia, Finland, Germany and
Spain
 Negative sales in Italy and Benelux
 Good profit and cash flow
EBIT %
19
18
 Operating margin (EBIT) 17
16
- Organic -1% 15
14
= Material cost
13
+ Footprint savings 2007 2008 2009 2010 2011 2012
15

16. Division - Americas
SALES
share of
 Strong growth in Residential, Electromechanical and Group total %
South America
 Growth in AHW, Doors, High security and Mexico 19
 Decline in Canada
 Improved margin from volume and efficiency gains
 Operating margin (EBIT)
EBIT%
+ Organic +5%
22
+ Material cost 21
20
+ Efficiency improvement 19
18
17
2007 2008 2009 2010 2011 2012
17

17. Division - Asia Pacific
SALES
share of
 Return of growth in the Pacific and strong growth of Group total %
Korea
16
 Low growth in China and slowing South East Asia
 Workforce in China reduced by 1,400p to mitigate the
high salary inflation
 Operating margin (EBIT)
EBIT %
- Organic +2%
17
- Mix & cost pressure 14
+ Efficiency in China 11
+ Material cost 8
5
2007 2008 2009 2010 2011 2012
19

18. Division - Global Technologies
SALES
 HID share of
Group total %
– Strong growth of Logical access and IDT
– Good growth of Access control and Secure Issuance 12
– Flat in Government ID and decline in project sales
– Strong profit improvement
 Hospitality
– Continued good growth from the renovation market
– Strong profit improvement
 Operating margin (EBIT) EBIT%
20
+ Organic +2%
18
+ Leverage from core business growth 16
14
+ Less project sales 12
10
2007 2008 2009 2010 2011 2012
21

19. Division - Entrance Systems
SALES
share of
 Decline in Southern Europe Group total %
 Good growth of Albany, Dynaco
25
 Slightly neg growth for industrial and pedestrian doors
 Continued decline of Ditec and Residential doors
 Integration work develops very well
 Sales +14% and EBIT +15%
EBIT%
20
 Operating margin (EBIT) 18
- Organic -5% 16
14
+ Raw material 12
+ Efficiency gains from integration works 10
2007 2008 2009 2010 2011 2012
23

20. Q4 Report 2012
Carolina Dybeck Happe
CFO
25

21. Financial highlights Q4 2012
4th Quarter Twelve months
MSEK 2011 2012 Change 2011 2012 Change
Sales 11,744 12,239 +4% 41,786 46,619 +12%
Whereof
Organic growth 0% +2%
Acquired growth +7% +9%
FX-differences -212 -3% 290 1%
Operating income (EBIT) 1,881 2,030 +8% 6,624 7,501 +13%
EBIT-margin (%) 16.0 16.6 15.9 16.1
Operating cash flow 2,794 3,160 +13% 6,080 7,044 +16%
EPS (SEK)* 3.43 3.74 +9% 12.30 13.84 +13%
*excluding non comparable items
26

22. Bridge Analysis – Oct-Dec 2012
MSEK 2011 Organic Currency Acq/Div 2012
Oct-Dec Oct-Dec
0% -3% 7% 4%
Revenues 11,744 -28 -212 736 12,239
EBIT 1,881 51 -41 138 2,030
% 16.0% - 19.2% 18.8% 16.6%
Dilution / Accretion 0.5% 0.0% 0.1%
27

23. P&L – Components as % of sales
2011 2012 2012
FY FY excluding FY
acquisitions
 Direct material 35.1% 34.7% 34.6%
 Conversion costs 25.9% 25.4% 25.9%
 Gross Margin 39.0% 39.9% 39.5%
 S, G & A 23.1% 23.6% 23.4%
 EBIT 15.9% 16.3% 16.1%
28

24. Operating cash flow, MSEK
Quarter 12 months
3 500 8 000
7 500
3 000
7 000
2 500 6 500
6 000
2 000
5 500
1 500
5 000
1 000 4 500
4 000
500
3 500
0 3 000
2005 2006 2007 2008 2009 2010 2011 2012
Quarter Cash Rolling 12-months EBT Rolling 12 months
29

25. Gearing % and net debt MSEK
Net Debt Gearing
30 000 120
Debt/Equity
25 000 55 (60) 100
20 000 80
15 000 60
10 000 40
5 000 20
0 0
2005 2006 2007 2008 2009 2010 2011 2012
Net debt Gearing
Net debt/EBITDA
1.7 (1.9)
30

26. Earnings per share
SEK
16,00
Since 2005 EPS + 120% 13,84
14,00
Dividend 2013: 5.10 SEK (4.50)
12,00
10,00
8,00
6,00
4,00
2,00
0,00
2005 2006 2007 2008 2009 2010 2011 2012
*) Excluding restructuring costs.
31

27. Q4 Report 2012
Johan Molin
President & CEO
32

28. Conclusions Q4 2012
 Total growth by 4% with 0% organic
 Good growth in Americas
 Stable situation in EMEA, APAC and Global Tech
 Strong efficiency improvements and raw material
supports profit
 Record EBIT of 2,030 MSEK, improved by 8%
 Record cash flow at 3,160 MSEK
33

29. Q&A
34