1

Q1 Report 2013 Johan Molin

President & CEO

Financial highlights Q1 2013

Good performance in a tough market – Good growth in Americas – Growth in APAC and stable in Global Tech – EMEA and ESD suffering from weak Europe – Maintained good profitability

Sales 10,868 MSEK 0% -1% organic, +5% acquired growth, -4% currency

EBIT 1,662 MSEK 0% Currency effect -63 MSEK

EPS 3.07 SEK -1%* Forecasted tax rate 25%

*) 2012 restated for changed pension accounting principles.

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Market highlights

Launch of full elmech and ANSI range in Mexico & South America

Growth in Africa driven by network of 25 ASSA ABLOY branded showrooms in 23 cities

Product awards at ISC West 2013 for Aperio M100 and Securitron M380 Series Magnalock

HID’s pivCLASS® complete product solution for the Federal Identity market

pivCLASS®

pivCLASS® Federal Identity Solution Solution Architecture

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pivCLASS® Cards

OCSP/SCVP/CRL Validation Authority

Physical Access Control System (PACS)

PACS Controller

pivCLASS® Authentication

Module

pivCLASS® Readers pivCLASS® Cards

Harvesting of PIV IDs

Registration and Status Updates

pivCLASS® Registration Engine

Certification Manager Reader Service

Validation of Certificates

Card Identifier via Wiegand

Harvesting of PIV IDs

OCSP – Online Status Verification protocol SCVP – Server Based Certificate Validation Protocol CRL – Certificate Revocation list

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Group sales in local currencies Jan-Mar 2013

2 +13

32 +19 14 +12

5 -2

1 +5

Share of Group sales 2013 YTD, % Year-to-date vs previous year, %

46 -6

Organic growth index Recovery from recession

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Group +0%

Division Index

EMEA -8%

Americas -12%

Asia Pacific +35%

Global Tech +10%

ESD *) 0% *) Entrance systems division excluding Cardo.

-16-13-10-7-4-12581114172023

26 00028 00030 00032 00034 00036 00038 00040 00042 00044 00046 000

2006 2007 2008 2009 2010 2011 2012 2013Organic Growth Acquired Growth Sales in Fixed Currencies

Sales growth, currency adjusted

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2013 Q1 +4% Organic -1% Acquired +5%

Sales MSEK Growth, %

Operating income (EBIT), MSEK

3 5004 0004 5005 0005 5006 0006 5007 0007 5008 000

700800900

1 0001 1001 2001 3001 4001 5001 6001 7001 8001 9002 0002 100

2006 2007 2008 2009 2010 2011 2012 2013Quarter Rolling 12-months

Quarter 12-months

Run rate 7,509 MSEK (6,902) +9%

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*) Excluding restructuring costs.

12,0

13,0

14,0

15,0

16,0

17,0

2006 2007 2008 2009 2010 2011 2012 2013Quarter Rolling 12-months

Q1 2013 Dilution QTD -0.1%

Operating margin (EBIT)*, %

Run rate 2013 16.1% (15.7)

Long term target range (average)

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EBIT Margin

*) Excluding restructuring costs.

Manufacturing footprint

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Status manufacturing footprint programs 2006-2011: – 55 factories closed to date, 13 to go – 62 factories converted to assembly, 13 to go – 28 offices closed, 1 to go

Personal reduction QTD 101p and total 6,866p

669p in further planned reductions

897 MSEK of the provision remains for all programs

Margin highlights Q1 2013

EBIT margin 15.3% (15.3) 0.0%

+ Volume decrease -2%, price +1%

+ Margin expansion 0.1% - Organic growth -1% + Manufacturing footprint + Capacity adjustments - Dilution from acquisitions -0.1%

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Acquisitions 2013

Fully active pipeline

3 acquisitions done in 2013

Annualized sales 130 MSEK

Completed acquisitions 2012 by 3.4% Dynaco, BE Securistyle, UK Sanhe Metal, China Helton, Canada Guoqiang, China 4Front, USA

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Acquisitions in the quarter

SHERLOCK, EMEA Leader in security doors in Slovakia and Czech Republic with total sales of 60 MSEK

Norport, ESD Specialist in sales and service of Industrial doors in Oslo with sales of 60 MSEK

ASL, EMEA Professional end-user specialist and locksmith in Colombia with sales of 10 MSEK

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Division - EMEA

Suffering from weak Europe and Easter

Growth in Africa, Middle east and Eastern Europe

All other markets with declining sales

Strong decline in Spain, Italy, France, Holland and Finland

Good profit resilience due to savings despite investment in front end and R&D

Operating margin (EBIT) - Organic -6% + Footprint savings = Material cost - SG&A

SALES share of

Group total %

29

14

13 14 15 16 17 18 19

2008 2009 2010 2011 2012 2013

EBIT %

Division - Americas

Strong growth in Residential, Electromechanical and South America

Growth in AHW, Doors, High security, Canada and Mexico

Improved margin from volume and efficiency gains

Investments in R&D and front end

Operating margin (EBIT)

+ Organic +5%

+ Material cost

+ Efficiency improvement

- SG&A

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SALES share of

Group total %

17

18

19

20

21

22

2008 2009 2010 2011 2012 2013

EBIT%

21

Division - Asia Pacific

Strong growth in Korea, South East Asia and New Zeeland

Growth in China despite the decline in export to EMEA

Small decline in Australia

Continued adjustment of workforce in China

Operating margin (EBIT) - Organic +2% + Efficiency in China + Material cost - Mix & cost pressure

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18

SALES share of

Group total %

5

8

11

14

17

2008 2009 2010 2011 2012 2013

EBIT %

Division - Global Technologies

HID – Good growth of Physical access – Growth in Project sales and flat in Logical access – Negative in Government ID and IDT – Strong profit improvement

Hospitality – Continued good growth from the renovation market – Increased construction activity in the USA

Operating margin (EBIT) + Organic 0% + Leverage from core business growth + Good improvement of AI and Lasercard

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20

SALES share of

Group total %

10 12 14 16 18 20

2008 2009 2010 2011 2012 2013

EBIT%

Division - Entrance Systems Suffering from weak Europe and Easter

Negative growth in all channels in Europe

Strong growth in Americas and growth in Asia

Good start for new acquisition 4Front

Sales +9% and EBIT +11%

Operating margin (EBIT) - Organic -3% + Smooth running of integration work + Large savings on product cost

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22

SALES share of

Group total %

10

12

14

16

18

20

2008 2009 2010 2011 2012 2013

EBIT%

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Q1 Report 2013 Carolina Dybeck Happe

CFO

Financial highlights Q1 2013

MSEK 2012 2013 Change 2011 2012 Change

Sales 10,839 10,868 0% 41,786 46,619 +12% Whereof Organic growth -1% +2% Acquired growth +5% +9% FX-differences -379 -4% 290 1% Operating income (EBIT) 1,655 1,662 0% 6,624 7,501 +13% EBIT-margin (%) 15.3 15.3 15.9 16.1 Operating cash flow 483 498 +3% 6,080 7,044 +16% EPS (SEK)* 3.11 3.07 -1% 12.30 13.97 +14%

1st Quarter Twelve months

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*) excluding non comparable items

Bridge Analysis – Jan-Mar 2013

MSEK 2012

Jan-Mar

Organic Currency Acq/Div 2013

Jan-Mar

-1% -4% 5% 0%

Revenues 10,839 -125 -379 534 10,868

EBIT 1,655 -3 -63 73 1,662

% 15.3% 2.2% 16.6% 13.7% 15.3%

Dilution / Accretion 0.1% 0.0% -0.1%

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P&L – Components as % of sales

Direct material 32.7% 32.6% 32.8%

Conversion costs 27.6% 27.2% 27.1%

Gross Margin 39.7% 40.2% 40.1%

S, G & A 24.4% 24.8% 24.8%

EBIT 15.3% 15.4% 15.3%

2013 Q1 excluding acquisitions

2012 Q1

2013 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

8 000

0

500

1 000

1 500

2 000

2 500

3 000

3 500

2006 2007 2008 2009 2010 2011 2012 2013

Quarter Cash Rolling 12-months EBT Rolling 12 months

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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

2006 2007 2008 2009 2010 2011 2012 2013

Net debt Gearing

Debt/Equity 57 (71)

Net debt/EBITDA 1.8 (2.2)

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Net Debt Gearing

*) 2006-2011 Not restated for changed pension accounting principles.

Earnings per share, MSEK

4,00

6,00

8,00

10,00

12,00

14,00

0,00

1,00

2,00

3,00

4,00

2006 2007 2008 2009 2010 2011 2012 2013

Quarter Rolling 12-months

Quarter SEK 12-months

30

*) Excluding restructuring costs. **) 2006-2011 Not restated for changed pension accounting principles.

Dividend 2013: 5.10 SEK (4.50)

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Q1 Report 2013 Johan Molin

President & CEO

Conclusions Q1 2013

Stable sales with 5% acquired, -1% organic and -4% currency

Continued good growth in Americas

APAC improving and stable Global Tech

Declining situation in EMEA and ESD due to weak Europe and Easter

Strong efficiency improvements supports profit

Slight increase of EBIT to 1,662 MSEK

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Q&A