The ASSA ABLOY Group released the interim report second quarter April-June 2016 on Tuesday 19 July 2016.

1. ASSA ABLOY is the global leader in door opening
solutions, dedicated to satisfying end-user needs
for security, safety and convenience
Q2 Report 2016
Johan Molin
President and CEO

2. Financial highlights Q2, 2016
 Strong growth in mature markets
– Strong growth in Americas, EMEA and Global Tech
– Good growth in Entrance Systems
– Negative in APAC due to weak Chinese market
 Sales 17,894 MSEK +5%
4% organic, 4% acquired growth, -3% currency
 EBIT 2,910 MSEK +6%
Currency effect -81 MSEK
 EPS 1.82 SEK +7%
Underlying tax rate 26%
2

3. Financial highlights Jan-Jun 2016
 Strong development despite a challenging market
– Strong growth in Americas
– Good growth in Entrance Systems, EMEA and Global Tech
– Negative growth in APAC due to China
 Sales 33,785 MSEK +4%
4% organic, 3% acquired growth, -3% currency
 EBIT 5,321 MSEK +5%
Currency effect -158 MSEK
 EPS 3.30 SEK +5%
Underlying tax rate 26%
3

4.  ASSA ABLOY in Forbes 100 most innovative
companies
 Strong development in EMEA digital product sales
– Driven by APERIO and smart door locks
 Successful roll out of Service centers in USA
– Incremental growth through local service and quick
deliveries
 Japanese profile CLIQ-cylinder
– Orders and quick pipeline build
Flash
DSC
Market highlights

5. 5
Group sales in local currencies Jan-Jun 2016
3 +39
40 +7
15 +1
3 +1
1 +12
Share of Group sales 2016 YTD, %
Year-to-date vs previous year, %
38 +7
Emerging markets 23% (25) of sales

6. -15
-12
-9
-6
-3
0
3
6
9
12
15
18
21
34 000
37 000
40 000
43 000
46 000
49 000
52 000
55 000
58 000
61 000
64 000
67 000
70 000
2009 2010 2011 2012 2013 2014 2015 2016
Growth %Sales MSEK
Organic Growth Acquired Growth Sales in Fixed Currencies
Sales growth, currency adjusted
6
2016 Q2 +8%
Organic +4%
Acquired +4%

7. Operating income (EBIT), MSEK
4 500
5 000
5 500
6 000
6 500
7 000
7 500
8 000
8 500
9 000
9 500
10 000
10 500
11 000
11 500
1 000
1 200
1 400
1 600
1 800
2 000
2 200
2 400
2 600
2 800
3 000
3 200
2009 2010 2011 2012 2013 2014 2015 2016
12-monthsQuarter
Quarter Rolling 12-months
Run rate 11,329 MSEK (10,251) +11%
7

8. 12
13
14
15
16
17
2009 2010 2011 2012 2013 2014 2015 2016
EBIT Margin
Quarter Rolling 12-months
2016 Acquisitions Currency
Q2 -0.2% -0.1%
Operating margin, %
Run rate 2016 16.3% (16.3)
8

9. Manufacturing footprint
9
 Status of manufacturing footprint programs 2006-2013:
– 76 factories closed to date, 2 to go
– 99 factories converted to assembly, 16 to go
 Total personnel reduction:
– 11,356 FTE in total
 493 FTE to go for all programs
 New MFP in progress
 395 MSEK of the provision remains for all
programs

10. Margin highlights Q2 2016
EBIT margin 16.3% (16.1) +0.2%
+ Volume increase 3%, price 1%
Margin improvement
+ 4% Organic growth
+ Manufacturing footprint & pricing
- Currency -0.1%
- Acquisitions -0.2%
10

11. Acquisitions 2016
 Fully active pipeline
 9 acquisitions done in 2016
 Divestment of Carlocks 550 MSEK
 Acquired annualized sales 1,700 MSEK
 Added sales 2.5%
11

12. Nassau, Denmark
12
 Turnover of 540 MSEK with 360
employees
 Important European supplier of
industrial doors
 Adds additional coverage in
industrial doors and service
 Neutral to EPS

13. Demoteller, USA
13
 Turnover of 85 MSEK with 32
employees
 Solutions for the financial card
instance issuance market
 Enhances position within secure
issuance
 Accretive to EPS
Trism (Fii Software)

14. Mauer, Bulgaria
14
 Turnover of 100 MSEK with 200
employees
 Manufacturer of cylinders and locks
 Market Leader of locking products in
Bulgaria
 Accretive to EPS

15. Division – EMEA
 Strong growth in Scandinavia, Finland, Germany,
Iberia, Eastern Europe and Africa
 Good growth in UK, Benelux, France, Italy and Israel
 Strong progress of elmech solutions
 Positive calendar effect
 Operating margin (EBIT)
+ Organic +6%
= Direct material
- Acquisitions & currency -0.2%
15
13
14
15
16
17
18
19
2010 2011 2012 2013 2014 2015 2016
EBIT %
23%
Sales
share of
Group total %

16. Division - Americas
 Strong growth in Door group, Elmech, Residential,
Canada, Mexico and South America (ex Brazil)
 Good growth in AHW, High security and Canada
 Negative in Brazil
 Quotation levels continue to develop positive
 Operating margin (EBIT)
+ Organic +8%
+ Direct Material
- Acquisitions and currency -0.7%
17
20
18
19
20
21
22
23
2010 2011 2012 2013 2014 2015 2016
EBIT %
24%
Sales
share of
Group total %

17. Division - Asia Pacific
 Strong growth in Pacific
 Good growth in South Asia and Korea
 Continued decline in China
– Personnel reduction China YTD–586 p
 Exciting orders for elmech in Japan
 Operating margin (EBIT)
- Organic -6%
+ Savings mitigate sales decline
= Acquisitions and currency 0.2%
14
19
8
10
12
14
16
18
2010 2011 2012 2013 2014 2015 2016
EBIT %
13%
Sales
share of
Group total %

18. Division - Global Technologies
 HID
– Strong growth in PACS, Gov ID,
IDT (inlays) and Quantum secure
– Flat in IAM (Identity) and project sales
 Hospitality
– Growth
– Strong profit
 Operating margin (EBIT)
+ Organic +5%
- R&D investments
- Acquisitions and currency -0.1%
13
21
14
15
16
17
18
19
20
21
2010 2011 2012 2013 2014 2015 2016
EBIT %
13%
Sales
share of
Group total %

19. Division - Entrance Systems
 Strong growth in Door automatics, EU Industrial, High
speed doors
 Good growth in Amarr and 4Front and Ditec
 Negative in EU Residential
 Continued good leverage
 Operating margin (EBIT)
+ Organic +4%
+ Direct Material and consolidation effects
- Acquisitions and currency -0.3%
28
23
10
12
14
16
18
2010 2011 2012 2013 2014 2015 2016
EBIT %
27%
Sales
share of
Group total %

20. ASSA ABLOY is the global leader in door opening
solutions, dedicated to satisfying end-user needs
for security, safety and convenience
Q2 Report 2016
Carolina Dybeck Happe
CFO
ASSA ABLOY is the global leader in door opening
solutions, dedicated to satisfying end-user needs
for security, safety and convenience

21. Financial highlights Q2 2016
MSEK 2015 2016 Change 2015 2016 Change
Sales 17,082 17,894 +5% 32,334 33,785 +4%
Whereof
Organic growth 656 650 +4% 1,336 1,099 +4%
Acquired growth 453 593 +4% 829 1,083 +3%
FX-differences 2,008 -431 -3% 3,900 -730 -3%
Operating income (EBIT) 2,742 2,910 +6% 5,071 5,321 +5%
EBIT-margin (%) 16.1 16.3 15.7 15.7
Operating cash flow 1,991 2,519 +27% 2,511 3,017 +20%
EPS (SEK) 1.70 1.82 +7% 3.15 3.30 +5%
2nd Quarter Six months
26

22. Bridge Analysis – Apr-Jun 2016
MSEK 2015
Apr-Jun
Organic Currency Acq/Div 2016
Apr-Jun
4% -3% 4% 5%
Sales 17,082 650 -431 593 17,894
EBIT 2,742 195 -81 54 2,910
% 16.1% 29.9% 18.8% 9.1% 16.3%
Dilution / Accretion 0.5% -0.1% -0.2%
27

23. P&L Components as % of sales
Jan – Jun 2016
Direct material 36.3% 35.6% 35.3%
Conversion costs 24.8% 24.9% 25.3%
Gross Margin 38.9% 39.5% 39.4%
S, G & A 23.2% 23.5% 23.7%
EBIT 15.7% 16.0% 15.7%
2016
YTD excl
acquisitions
2015
YTD
2016
YTD
28

24. Operating cash flow, MSEK
4 500
5 000
5 500
6 000
6 500
7 000
7 500
8 000
8 500
9 000
9 500
10 000
10 500
11 000
0
500
1 000
1 500
2 000
2 500
3 000
3 500
4 000
4 500
5 000
2009 2010 2011 2012 2013 2014 2015 2016
12-monthsQuarter
Quarter Cash Rolling 12-months EBT Rolling 12 months
29

25. 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
2009 2010 2011 2012 2013 2014 2015 2016
GearingNet Debt
Net debt Gearing
Debt/Equity
64 (70)
Net debt/EBITDA
2.1 (2.3)
30
*) 2009-2011 Not restated for changed pension accounting principles.

26. Earnings per share, SEK
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00
6.50
7.00
7.50
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
2.00
2009 2010 2011 2012 2013 2014 2015 2016
12-monthsQuarter SEK
Quarter Rolling 12-months
31
Restated for Stock split 3:1 2015.
Q2 EPS +7%

27. ASSA ABLOY is the global leader in door opening
solutions, dedicated to satisfying end-user needs
for security, safety and convenience
Q2 Report 2016
Johan Molin
President and CEO

28. Conclusions Q2 2016
 Good growth by 5% with 4% organic and 4% acquired
 Strong growth in mature markets
 Chosen by Forbes as 100 most innovative company
 Good EBIT development +6%
 Strong cash flow +27%
33

29. ASSA ABLOY is the global leader in door opening
solutions, dedicated to satisfying end-user needs
for security, safety and convenience
Q&A