The ASSA ABLOY Group released its interim report for the third quarter July-September 2013 on Monday 28 October 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. Q3 Report 2013
Johan Molin
President & CEO
1

2. Financial highlights Q3 2013
 Good Growth in all parts except Europe
– Strong growth in Americas, APAC and Global Tech
– EMEA bottoming
– ESD slightly negative
– Important gains of efficiency and savings
– Preparation for new Manufacturing footprint
 Sales
12,131 MSEK
+5%
+3% organic, +3% acquired growth, -1% currency
 EBIT
Currency effect -56 MSEK
 EPS
2,090 MSEK
3.98 SEK
Forecasted tax rate 25%
2
+8%
+13%

3. Financial highlights Jan-Sep 2013
 Good performance in a tough market
 Sales
35,239 MSEK
+2%
+2% organic, +4% acquired growth, -4% currency
 EBIT
5,722 MSEK
Currency effect -215 MSEK
+5%
 EPS
+6%
10.76 SEK
Forecasted tax rate 25%
3

4. Market highlights
 Strong sales of new SE-reader
– Multi technology, virtual keys, speed of reading
 Most innovative product awards ASIS, USA
– 4 out of 10 first prices out of 600 exhibitors
 Success for Nexgen e-cylinder technology
– Several large orders for vending and parking
 Yale DDL chosen for home automation
– Broad European launch with Verisure
4

5. Group sales in local currencies Jan-Sep
2013
43
-3
32 +17
17 +11
2
+12
1
+4
5
+6
Share of Group sales 2013 YTD, %
Year-to-date vs previous year, %
5

6. Sales growth, currency adjusted
Sales MSEK
Growth, %
2013 Q3
2007
+3%
Acquired
2006
+6%
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
+3%
2008
Organic Growth
2009
2010
Acquired Growth
6
24
21
18
15
12
9
6
3
0
-3
-6
-9
-12
-15
2011
2012
Sales in Fixed Currencie s
2013

7. Operating income (EBIT), MSEK
Quarter
12-months
2 200
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
8 000
Run rate 7,751 MSEK (7,353) +5%
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
7
2012
2013

8. Operating margin (EBIT)*, %
EBIT Margin
Run rate 2013 16.3% (15.8)
17,0
Long term target range (average)
16,0
15,0
14,0
13,0
12,0
2006
2007
2008
2009
2010
Quarter
2011
Rolling 12-months
*) Excluding restructuring costs.
8
2012
2013
2013 Dilution
QTD
0.1%
YTD
0.0%

9. Manufacturing footprint
 Status manufacturing footprint programs 2006-2011:
– 56 factories closed to date, 12 to go
– 68 factories converted to assembly, 7 to go
– 28 offices closed, 1 to go
 Personal reduction 7,084p and 451p remains
 New MFP program planned in Q4
– Closure of 30 entities
– Payback of approx. 3 years
– Cost estimate 1,000 MSEK
9

10. Margin highlights Q3 2013
EBIT margin 17.2% (16.7) 0.5%
+ Volume increase +2%, price +1%
+ Margin expansion 0.5%
= Organic growth
+ Manufacturing footprint
+ Capacity adjustments
- Dilution from Currency -0.2%
+ Acquisitions +0.1%
10

11. Acquisitions 2013

Fully active pipeline

10 acquisitions done in 2013

Annualized sales 2,300 MSEK

Added sales 5%
11

12. Ameristar, USA
 Turnover of 1,100 MSEK with
650 employees
 The leading US manufacturer of
perimeter security solutions
 Complements the ASSA ABLOY
offering of security solutions in
the American market
 Reinforces the market
leadership in North America
 Accretive to EPS
12

13. Mercor, Poland
 Turnover of 370 MSEK with
550 employees
 Leading Polish manufacturer of
security and fire doors
 Offers complete door opening
solutions
 Will significantly reinforce the
market position in Eastern
Europe
 Accretive to EPS
13

14. Xinmao, China
 Turnover of 190 MSEK with 360
employees
 Market leader in Heilongjiang of
fire rated & security doors
 Supply of total hardware package
& installation
 Good synergies on products and
market coverage
 Accretive to EPS
14

15. Huasheng, China
 Turnover of 210 MSEK with 460
employees
 Market leader in Shandong of fire
rated & security doors
 Supply of total hardware package
& installation
 Good synergies on products and
market coverage
 Accretive to EPS
15

16. Division - EMEA

Bottoming with slight growth

SALES
share of
Group total %
Growth in Scandinavia, Finland, Germany, Italy,
Africa and Eastern Europe

Stable in the UK

Decline in France, Holland, Iberia and Israel

27
JPM factory France closed

EBIT %
Operating margin (EBIT)
19
18
= Organic 1%
17
- Material cost
16
+ Footprint savings
14
15
13
= SG&A
16
2008
2009
2010
2011
2012
2013

17. Division - Americas

Strong growth in AHW, Electromechanical, Residential
and South America

Growth in Doors and High security

Slightly negative in Mexico and Canada

Continued investments in R&D and front end

Operating margin (EBIT)
SALES
share of
Group total %
21
EBIT %
22
+ Organic +7%
21
+ Material cost
20
19
+ Efficiency improvement
18
- R&D and front end
18
2008
2009
2010
2011
2012
2013

18. Division - Asia Pacific

Strong growth in Australia, New Zealand and Korea

Good growth in China

Decline in South East Asia

SALES
share of
Group total %
Profit improvement coming from overall volume
growth and cost control in China
14
EBIT %

Operating margin (EBIT)
17
= Organic +6%
13
15
11
+ Material cost
9
7
+ Efficiency in China
-
5
Mix & cost pressure
20
2008
2009
2010
2011
2012
2013

19. Division - Global Technologies

HID
–
Good growth of Access control and Secure Issuance
–
Strong growth in Project sales
–
Negative in Government ID and stable in IDT
–

SALES
share of
Group total %
Strong profit improvement
14
Hospitality
–
Good growth from the renovation market
–
Solid profit development
EBIT %

20
19
18
17
16
15
14
13
Operating margin (EBIT)
+ Organic +7%
+ Good cost control
+ All parts doing well on margin
22
2008
2009
2010
2011
2012
2013

20. Division - Entrance Systems
SALES
share of
Group total %

Europe weak while Americas & Asia are growing

Stable sales in Door automatics and Industrial doors

Negative sales of High speed doors and dockings

Continued decline in Ditec due to weak southern
Europe

Sales +9% and EBIT +10%
24
EBIT %
19
18
17
16
15
14
13
12
 Operating margin (EBIT)
-
Organic -1%
-
Dilution & currency -0.4%
-
Good product cost reductions
-
Strong efficiency improvements
24
2008
2009
2010
2011
2012
2013

21. Q3 Report 2013
Carolina Dybeck Happe
CFO
26

22. Financial highlights Q3 2013
3rd Quarter
Nine months
MSEK
2012
2013
Change
Sales
11,545
12,131
5%
Whereof
Organic growth
Acquired growth
2012
2013
34,380
35,239
+3%
+3%
FX-differences
-133
Change
+2%
+2%
+4%
-1%
-1,021
-4%
Operating income (EBIT)
EBIT-margin (%)
1,932
16.7
2,090
17.2
+8%
5,471
15.9
5,722
16.2
+5%
Operating cash flow
1,967
2,175
+11%
3,885
4,262
+10%
3.53
3.98
+13%
10.18
10.76
+6%
EPS (SEK)*
*) excluding non comparable items
27

23. Bridge Analysis – Jul-Sep 2013
MSEK
2012
Organic
Currency
Acq/Div
Jul-Sep
2013
Jul-Sep
3%
Revenues
EBIT
%
-1%
3%
5%
11,545
362
-133
358
12,131
1,932
136
-56
78
2,090
16.7%
37.5%
41.9%
21.8%
17.2%
0.6%
-0.2%
0.1%
Dilution / Accretion
28

24. P&L – Components as % of sales
2012
Q3
2013
2013
Q3 excluding
acquisitions
Q3
 Direct material
35.1%
34.9%
35.2%
 Conversion costs
25.0%
25.0%
24.9%
 Gross Margin
39.9%
40.1%
39.9%
 S, G & A
23.2%
23.0%
22.7%
 EBIT
16.7%
17.1%
17.2%
29

25. 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
2008
Quarter
2009
2010
Cash Rolling 12-months
30
2011
2012
2013
EBT Rolling 12 months

26. Gearing % and net debt MSEK
Gearing
Net Debt
30 000
120
Debt/Equity
63 (72)
25 000
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.
31
2011
Gearing
2012
2013
Net debt/EBITDA
2.0 (2.1)

27. Earnings per share, SEK
12-months
Quarter SEK
15,00
4,00
14,00
3,50
13,00
3,00
12,00
2,50
11,00
2,00
10,00
9,00
1,50
8,00
1,00
7,00
0,50
6,00
0,00
5,00
2006
2007
2008
2009
2010
Quarter
2011
Rolling 12-months
*) Excluding restructuring costs.
**) 2006-2011 Not restated for changed pension accounting principles.
32
2012
2013

28. Q3 Report 2013
Johan Molin
President & CEO
33

29. Conclusions Q3 2013

Good growth in all parts except Europe

Strong growth in Americas, APAC and Global Tech

EMEA bottoming and ESD slightly negative

Strong efficiency improvements supports profit

Preparation for new Manufacturing Footprint

Strong cash flow and record EBIT of 2,090 MSEK +8%
34

30. Q&A
35