The ASSA ABLOY Group released its interim report January-June 2013 on Friday 19 July 2013 at 08.00 am (CET). The presentation from the combined investors’ and analyst meeting and web conference is available as an on-demand webcast. Welcome to visit our Investor pages on http://www.assaabloy.com/investors/.

1. Q2 Report 2013
Johan Molin
President & CEO
1

2. Financial highlights Q2 2013
 Back to growth despite weak Europe
– Strong growth in Americas and Global Tech
– Growth in APAC
– EMEA and ESD suffering from weak Europe
– Important gains of efficiency and savings
– Good sales from new products
 Sales
12,239 MSEK
+2%
+3% organic, +4% acquired growth, -5% currency
 EBIT
Currency effect -96 MSEK
 EPS
1,970 MSEK
3.71 SEK
Forecasted tax rate 25%
*) 2012 restated for changed pension accounting principles.
2
+5%
+5%*

3. Financial highlights Jan-Jun 2013
 Solid performance in a tough market
 Sales
23,108 MSEK
+1%
+1% organic, +4% acquired growth, -4% currency
 EBIT
3,632 MSEK
Currency effect -159 MSEK
+3%
 EPS
+2%*
6.78 SEK
Forecasted tax rate 25%
*) 2012 restated for changed pension accounting principles.
3

4. Market highlights
 Strong growth of Digital door locks
– Yale chosen for AT&T home security system
 Oberthur adapts SEOS
– NFC SIM cards preloaded with SEOS
 Shine, new digital door lock for glass
doors
– Retail and light commercial doors
 School security program launched
4

5. 5

6. Group sales in local currencies Jan-Jun
2013
44
32
-4
+18
16
2
+10
1
+12
-1
5
+2
Share of Group sales 2013 YTD, %
Year-to-date vs previous year, %
6

7. Sales growth, currency adjusted
Sales MSEK
Growth, %
2013 Q2
2007
+3%
Acquired
2006
+7%
Organic
48 000
46 000
44 000
42 000
40 000
38 000
36 000
34 000
32 000
30 000
28 000
26 000
+4%
2008
Organic Growth
2009
2010
Acquired Growth
7
2011
24
21
18
15
12
9
6
3
0
-3
-6
-9
-12
-15
2012
Sales in Fixed Currencies
2013

8. Operating income (EBIT), MSEK
Quarter
2 100
2 000
1 900
1 800
1 700
1 600
1 500
1 400
1 300
1 200
1 100
1 000
900
800
700
12-months
8 000
Run rate 7,594 MSEK (7,172) +6%
7 500
7 000
6 500
6 000
5 500
5 000
4 500
4 000
3 500
2006
2007
2008
2009
2010
Quarter
2011
Rolling 12-months
8
2012
2013

9. Operating margin (EBIT)*, %
EBIT Margin
17,0
Long term target range (average)
16,0
15,0
Run rate 2013 16.2% (15.8)
14,0
13,0
12,0
2006
2007
2008
2009
2010
Quarter
2011
Rolling 12-months
9
2012
2013
2013 Dilution
QTD
0.0%
H2
-0.1%

10. Manufacturing footprint
 Status manufacturing footprint programs 2006-2011:
– 55 factories closed to date, 13 to go
– 64 factories converted to assembly, 11 to go
– 28 offices closed, 1 to go
 Personal reduction QTD 91p and total 6,957p
 578p in further planned reductions

793 MSEK of the provision remains for all programs
10

11. Margin highlights Q2 2013
EBIT margin 16.1% (15.7) 0.4%
+ Volume increase +2%, price +1%
+ Margin expansion 0.4%
+ Organic growth
+ Manufacturing footprint
+ Capacity adjustments
Dilution from acquisitions 0.0%
11

12. Acquisitions 2013

Fully active pipeline

5 acquisitions done in 2013

Annualized sales 170 MSEK

Added sales 0,3%
12

13. Acquisitions in the quarter
 Glenridge, ESD
Distributor of industrial doors in
Canada with total sales of 20 MSEK
 Toddco, ESD
Manufacturer of Industrial doors
in Australia with sales of 20 MSEK
13

14. Division - EMEA

Stabilisation in Q2, but still weak

SALES
share of
Group total %
Growth in Scandinavia, Germany, UK, Africa, Middle
east and Eastern Europe
26

Continued decline in Spain, Italy, France, Holland
and Finland

Good profit due to savings, despite maintaining front
end
EBIT %

Operating margin (EBIT)
19
-
Organic 0%
17
++ Footprint savings
15
-
16
14
Material cost
-
18
SG&A
13
14
2008
2009
2010
2011
2012
2013

15. Division - Americas

Strong general demand in the US with strong growth in
AHW, Doors, Electromechanical and Residential

Slowing growth in Brazil, Chile and Colombia

Slightly negative in Mexico and Canada

SALES
share of
Group total %
Record high margin despite investments in R&D and
front end

21
EBIT %
Operating margin (EBIT)
22
21
+ Organic +8%
20
+ Material cost
19
+ Efficiency improvement
18
- SG&A
16
2008
2009
2010
2011
2012
2013

16. Division - Asia Pacific
SALES
share of
Group total %

Strong growth in Korea (DDL) and New Zeeland

Good growth in China despite the decline in export to
EMEA

Small growth in Australia and South East Asia

Continued adjustment of workforce in China to
mitigate high salary increases
15
EBIT %
17

Operating margin (EBIT)
15
= Organic +3%
11
13
9
+ Material cost
7
5
+ Efficiency in China
-
Mix & cost pressure
18
2008
2009
2010
2011
2012
2013

17. Division - Global Technologies

HID
–
Strong growth of Access control and Secure Issuance
–
Good growth in Project sales
–
Negative in Government ID and IDT
–

SALES
share of
Group total %
Strong profit improvement
14
Hospitality
–
Continued good growth from the renovation market
–
Positive construction activity in the USA
EBIT %

Operating margin (EBIT)
+ Organic 6%
+ Leverage from core business growth
+ Good improvement of AI and Lasercard
20
20
19
18
17
16
15
14
13
2008
2009
2010
2011
2012
2013

18. Division - Entrance Systems

Europe weak while Americas & Asia are growing

Growth in Industrial and High speed doors

Flat in Door automatics

Very good start in 4Front with strong growth

SALES
share of
Group total %
Sales +9% and EBIT +13%
24
EBIT %
 Operating margin (EBIT)
-
Organic -1%
-
Dilution -0,2%
+ Smooth running of integration work
19
18
17
16
15
14
13
12
2008
+ Large savings on product cost and operations
22
2009
2010
2011
2012
2013

19. Q2 Report 2013
Carolina Dybeck Happe
CFO
24

20. Financial highlights Q2 2013
2nd Quarter
Six months
MSEK
2012
2013
Change
Sales
11,997
12,239
2%
Whereof
Organic growth
Acquired growth
2012
2013
22,835
23,108
+3%
+4%
FX-differences
-509
Change
+1%
+1%
+4%
-5%
-888
-4%
Operating income (EBIT)
EBIT-margin (%)
1,885
15.7
1,970
16.1
+5%
3,540
15.5
3,632
15.7
+3%
Operating cash flow
1,435
1,589
+11%
1,918
2,087
+9%
3.54
3.71
+5%
6.65
6.78
+2%
EPS (SEK)*
*) excluding non comparable items
25

21. Bridge Analysis – Apr-Jun 2013
MSEK
2012
Organic
Currency
Acq/Div
Apr-Jun
2013
Apr-Jun
3%
Revenues
EBIT
%
-5%
4%
2%
11,997
318
-509
434
12,239
1,885
105
-96
76
1,970
15.7%
33.1%
18.8%
17.4%
16.1%
0.5%
-0.1%
0.0%
Dilution / Accretion
26

22. P&L – Components as % of sales
2012
Q2
2013
2013
Q2 excluding
acquisitions
Q2
 Direct material
35.0%
35.3%
35.6%
 Conversion costs
25.9%
25.3%
25.3%
 Gross Margin
39.1%
39.4%
39.1%
 S, G & A
23.4%
23.3%
23.0%
 EBIT
15.7%
16.1%
16.1%
27

23. Operating cash flow, MSEK
Quarter
12 months
3 500
8 000
7 500
3 000
7 000
2 500
6 500
2 000
6 000
5 500
1 500
5 000
1 000
4 500
4 000
500
3 500
0
3 000
2006
2007
Quarter
2008
2009
2010
Cash Rolling 12-months
28
2011
2012
EBT Rolling 12 months
2013

24. Gearing % and net debt MSEK
Net Debt
Gearing
Debt/Equity
62 (79)
30 000
25 000
120
100
20 000
80
15 000
60
10 000
40
5 000
20
0
0
2006
2007
2008
2009
2010
Net debt
*) 2006-2011 Not restated for changed pension accounting principles.
29
2011
Gearing
2012
2013
Net debt/EBITDA
1.9 (2.3)

25. Earnings per share, MSEK
12-months
Quarter SEK
4,00
14,00
3,00
12,00
10,00
2,00
8,00
1,00
6,00
0,00
4,00
2006
2007
2008
2009
2010
Quarter
2011
Rolling 12-months
*) Excluding restructuring costs.
**) 2006-2011 Not restated for changed pension accounting principles.
30
2012
2013

26. Q2 Report 2013
Johan Molin
President & CEO
31

27. Q&A
32

28. Conclusions Q2 2013

Back to growth despite weak Europe

Strong growth in Americas and Global Tech

Growth in APAC

EMEA and ESD suffering from weak Europe

Strong efficiency improvements supports profit

Good sales from new products

Good increase of EBIT by 5% to 1,970 MSEK
33