1

Q1 Report 2012 Johan Molin

President & CEO

Financial highlights Q1 2012

Steady growth with strong profit improvement – Continued strong growth in Global tech – Good development in Europe and North America – Slower emerging markets and declining Australia – Footprint program gives good savings

Sales 10,839 MSEK +25% +3% organic, +19% acquired growth, 3% currency

EBIT 1,655 MSEK +20% Currency effect 19 MSEK

EPS 3.10 SEK +23% Underlying tax rate 23%

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3

Market highlights Branding

– Group appearance on all trade shows – Demonstration fleet for architects – One company exposure on internet

Investment in Emerging markets – Build up in India, ME, Africa

and South America – Sales units created in Russia, Croatia,

Indonesia, Ghana, Uganda, Mozambique, Liberia, Qatar

Innovation pays off – More than 20% of all sales from

products less than 3 years old

Countries with high total GDP and highly populated cities

13 new ASSA ABLOY Solution centres

3 new legal entities

4

Annual GDP growth, 2012-2016 (prognos), percent

Nigeria

6,2

Ghana

Uganda

Kenya

South Africa

Angola

Ethiopia

Tanzania

Ivory coast

Congo-Kinshasa

Mozambique Zambia

6,1

3,7

7,3

6,2

7,0

6,2

6,5

6,7

7,5 7,8

6,4

Emerging markets expansion Example; Africa

EMEA High impact Products

5

EMEA new products

ASSA ABLOY Door Closers Code Handle DDL

CLIQ SMARTAIR Aperio

6

Group sales in local currencies Jan-Mar 2012

2 +4

28 +7 51 +39

13 +17

5 +4

1 +5

Share of Group sales 2012 YTD, % Year-to-date vs previous year, %

80

85

90

95

100

105

110

2009 2010 2011 2012

Ind

ex 1

00

= 3

1/1

2 2

00

8Index 2009-2012

ASSA ABLOY, excl. Cardo

Organic growth index Recovery from recession

Group -2%

7

*) Entrance systems division including new acquired companies -12%

Division Index

EMEA -7%

Americas -16%

Asia Pacific +31%

Global Tech +10%

ESD *) +3%

-18-16-14-12-10-8-6-4-202468101214161820

24 00026 00028 00030 00032 00034 00036 00038 00040 00042 00044 00046 000

2005 2006 2007 2008 2009 2010 2011 2012Organic Growth Acquired Growth Sales in Fixed Currencies

Sales growth, currency adjusted

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2012 Q1 +22% Organic +3% Acquired +19%

Sales MSEK Growth, %

Operating income (EBIT), MSEK

3 6003 8004 0004 2004 4004 6004 8005 0005 2005 4005 6005 8006 0006 2006 4006 6006 8007 000

700800900

1 0001 1001 2001 3001 4001 5001 6001 7001 8001 900

2005 2006 2007 2008 2009 2010 2011 2012

Quarter Rolling 12-months

Quarter 12-months

Run rate 6,902 MSEK (6,128), +13%

9

*) Excluding restructuring costs.

12,0

13,0

14,0

15,0

16,0

17,0

2005 2006 2007 2008 2009 2010 2011 2012

Quarter Rolling 12-months Q2-Q4 2012 Dilution Group -0.2%

Operating margin (EBIT)*, %

Run rate 2012 15.7% (16.5)

Long term target range (average)

10

EBIT Margin

*) Excluding restructuring costs.

Manufacturing footprint Status manufacturing footprint programs 2006-2011:

– 45 factories closed to date, 23 to go – 50 factories converted to assembly, 25 to go – 25 offices closed, 4 to go

Personnel reduction QTD 346p and total 6,243p

1,292 in further planned reductions

1,569 MSEK of the provision remains for all programs

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Margin highlights Q1 2012

EBIT margin 15.3% (15.8), -0.5% + Volume increase 1.5%, price 1.5%

+ Margin expansion 0.5% + Manufacturing footprint & efficiency improvements + Positive mix with growth in mature markets - Dilution from acquisitions by -1.0%

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Acquisitions 2012

Fully active

6 acquisitions done so far in 2012

Annualized sales 2,200 MSEK, +5,3%

Major acquisitions Jan-Apr 2012: Albany, US Dynaco, BE Securistyle, UK Traka, UK Frameworks, USA

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Traka plc

Strong technology company

Intelligent key cabinets

Advanced locker systems

Fleet managment solutions

Sales of 140 MSEK, 40% export

Accretive to EPS from start

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Frameworks Manufacturing Inc

Entrance to interior aluminum door, frame and window wall market

Adds glaziers as additional distribution channel

Complementary to our door business with good margins

Total sales 110 MSEK

Accretive to EPS from start

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Division - EMEA

Market improved but hesitant

Growth in Scandinavia, Finland, Benelux, UK, Israel and Africa

France, Germany and Eastern Europe are stable

Southern Europe in continued decline

Good leverage from volume increase

Operating margin (EBIT) + Volume 4% = Material cost + Footprint savings - Dilution by 0.8%

SALES share of

Group total %

31

16

13 14 15 16 17 18 19

2007

2008

2009

2010

2011

2012

EBIT %

Division - Americas

Stable sales development

Good growth of high security, elmech and residential

Positive sales of mechanical locks and security doors

Negative sales in Canada, Mexico and Brazil

Improved margin from efficiency gains

Operating margin (EBIT)

+ Volume 3%

= Material cost

+ Efficiency improvement

21

18

18

19

20

21

22

2007

2008

2009

2010

2011

2012

EBIT %

SALES share of

Group total %

Division - Asia Pacific

Strong growth in Korea and South East Asia including India

Weak growth in China

Decline in Australia and New Zeeland

Negative mix and Chinese cost pressure

Operating margin (EBIT) = Volume 3% = Raw material - Mix & cost pressure

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20

5 7 9

11 13 15 17

2007

2008

2009

2010

2011

2012

EBIT %

SALES share of

Group total %

Division - Global Technologies

HID – Good growth of Access control and secure issuance – Strong sales of Identification Technology – Large project orders dilutes

Hospitality – Good growth in all market regions – Several gains of important key accounts

Operating margin (EBIT) + Volume 8% (13) + Strong leverage from core business growth - Dilution from large project orders

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22

13 14 15 16 17 18 19

2007

2008

2009

2010

2011

2012

EBIT %

SALES share of

Group total %

Division - Entrance Systems Good growth of Besam, Crawford and FlexiForce

Service sales in steady growth

Ditec declining due to southern Europe

Albany and Dynaco consolidated in the quarter

Sales +130% and EBIT +94%

Operating margin (EBIT) + Volume 3% - Dilution from acquisitions -2.7% + Leverage from growth +0.3%

23

24

12 13 14 15 16 17 18 19

2007

2008

2009

2010

2011

2012

EBIT %

SALES share of

Group total %

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Q1 Report 2012 Carolina Dybeck Happe

CFO

Financial highlights Q1 2012

MSEK 2011 2012 Change 2010 2011 Change

Sales 8,699 10,839 +25% 36,823 41,786 +13% Whereof Organic growth +3% +4% Acquired growth +19% +17% FX-differences +149 +3% -2,309 -8% Operating income (EBIT) *) 1,377 1,655 +20% 6,046 6,624 +10% EBIT-margin (%) 15.8 15.3 16.4 15.9 Operating cash flow 448 483 +8% 6,285 6,080 -3% EPS (SEK) **) 2.52 3.10 +23% 10.89 12.30 +13%

1st Quarter Twelve months

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*) Excluding restructuring items of 1,420 MSEK for Q4 and full year 2011 **) Excluding one-off items of 1,447 for Q4 and 1,016 MSEK for the full year 2011

Bridge Analysis – Jan-Mar 2012

MSEK 2011

Jan-Mar

Organic Currency Acq/Div 2012

Jan-Mar

3% 3% 19% 25%

Revenues 8,699 294 149 1,696 10,839

EBIT 1,377 92 19 167 1,655

% 15.8% 31.1% 12.9% 9.9% 15.3%

Dilution / Accretion 0.5% 0.0% -1.0%

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P&L – Components as % of sales

Direct material 32.9% 33.2% 32.7%

Conversion costs 26.2% 25.4% 27.6%

Gross Margin 40.9% 41.4% 39.7%

S, G & A 25.1% 25.1% 24.4%

EBIT 15.8% 16.3% 15.3%

2012 Q1 excluding acquisitions

2011 Q1

2012 Q1

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Operating cash flow, MSEK

3 000

3 500

4 000

4 500

5 000

5 500

6 000

6 500

7 000

7 500

0

500

1 000

1 500

2 000

2 500

3 000

2005 2006 2007 2008 2009 2010 2011 2012

Quarter Cash Rolling 12-months EBT Rolling 12 months

Growth

30

Recession

Growth

Quarter 12 months

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

2005 2006 2007 2008 2009 2010 2011 2012

Net debt Gearing

Debt/Equity 64 (103)

Net debt/EBITDA 2.0 (3.0)

31

Net Debt Gearing

32

Q1 Report 2012 Johan Molin

President & CEO

Conclusions Q1 2012

Strong total growth by 25% with 3% organic

Good development in mature markets – Many new products and projects wins

Slower emerging markets

Good evolution in acquired companies

Footprint program gives good savings

Strong profit improvement

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Q&A