Atlas Copco : Quarterly results presentation Q2 2021

Q2 results 2021

July 16, 2021

Q2 in brief

• Record order intake
• • Strong year-on-year order growth in all business areas and in all regions
  • Previous year heavily affected by COVID-19
• Sequential order growth for all business areas
• • For both equipment and service
• Record revenues
• Improved profitability and solid cash flow

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Atlas Copco - Q2 results 2021

Q2 financials

• Orders received were MSEK 32 529 (22 401), organic growth of 54%
• Revenues were MSEK 27 534 (24 102), organic growth of 21%
• Operating profit was MSEK 5 924 (3 889), margin at 21.5% (16.1)
  ‒ Adjusted operating profit at MSEK 6 026 (4 476), margin of 21.9% (18.6)
• Profit for the period was MSEK 4 571 (3 129)
• Basic earnings per share were SEK 3.75 (2.58)
• Operating cash flow increased to MSEK 3 743 (3 483)
• Return on capital employed was 26% (26)

35 000	35%
30 000	30%
25 000	25%
20 000	20%
15 000	15%
10 000	10%
5 000	5%
0	0%

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021

Orders received, MSEK		Revenues, MSEK
Operating margin, %		Adjusted operating margin, %

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Atlas Copco - Q2 results 2021

Orders received - local currency

100 +37 +57

28	+26	+46

24	+46	+84

				41	+42	+50
4	+14	+36

		3		+46	+84
June 30, 2021
Share of orders received,	Year-to-date vs.	Last3 months vs.
year-to-date, %	previous year, %	previous year, %

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Atlas Copco - Q2 results 2021

Order growth per quarter

Organic growth, %

60

50

40

30

20

10

0

-10

-20

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*

15 Q3*

15 Q4*

16 Q1*

16 Q2*

16 Q3*

16 Q4*

17 Q1*

17 Q2*

17 Q3*

17 Q4*

18 Q1

18 Q2

18 Q3

18 Q4

19 Q1

19 Q2

19 Q3

19 Q4

20 Q1

20 Q2

20 Q3

20 Q4

21 Q1

21 Q2

*2012-2017 excluding Mining and Rock Excavation Technique business area (now part of Epiroc AB).

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Atlas Copco - Q2 results 2021