The ASSA ABLOY Group released its Interim report January-March 2012 on Tuesday 24 April 2012 at 12.00 noon (CET). A combined investors’ meeting and web conference was held at Operaterrassen in Stockholm at 13.00 (CET). The presentation is available as an on-demand webcast.Welcome to visit our Investor pages on http://www.assaabloy.com/investors/.

1. Q1 Report 2012
Johan Molin
President & CEO
1

2. 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%
2

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
3

4. Emerging markets expansion
Example; Africa
 Countries with high total GDP Nigeria
Uganda
and highly populated cities
 13 new ASSA ABLOY Solution Ethiopia
6,2
centres 6,2
6,2 6,1
 3 new legal entities Ivory coast
6,7
Kenya
Ghana 6,5
6,4
Congo-Kinshasa 7,0 Tanzania
7,3
7,5 7,8
Angola
Zambia
Mozambique
3,7
South Africa
Annual GDP growth, 2012-2016 (prognos), percent
4

5. ASSA ABLOY
Code Handle DDL
Door Closers
EMEA High impact Products
EMEA new products
Aperio CLIQ SMARTAIR
5

6. Group sales in local currencies Jan-Mar
2012
51 +39
28 +7
13 +17
1 +5
2 +4
5 +4
Share of Group sales 2012 YTD, %
Year-to-date vs previous year, %
6

7. Organic growth index
Recovery from recession
Index 2009-2012
ASSA ABLOY, excl. Cardo
110
105
Group -2%
Index 100 = 31/12 2008
100
95
90
85
Division Index
80 EMEA -7%
2009 2010 2011 2012
Americas -16%
Asia Pacific +31%
Global Tech +10%
ESD *) +3%
*) Entrance systems division including new acquired companies -12%
7

8. Sales growth, currency adjusted
Sales MSEK Growth, %
2012 Q1 +22%
46 000
Organic +3% 20
44 000 18
42 000 Acquired +19% 16
14
12
40 000 10
38 000 8
6
36 000 4
2
34 000 0
-2
32 000 -4
-6
30 000 -8
28 000 -10
-12
26 000 -14
-16
24 000 -18
2005 2006 2007 2008 2009 2010 2011 2012
Organic Growth Acquired Growth Sales in Fixed Currencies
8

9. Operating income (EBIT), MSEK
Quarter 12-months
1 900 7 000
Run rate 6,902 MSEK (6,128), +13% 6 800
1 800
6 600
1 700 6 400
1 600 6 200
6 000
1 500 5 800
1 400 5 600
5 400
1 300
5 200
1 200 5 000
1 100 4 800
4 600
1 000 4 400
900 4 200
4 000
800 3 800
700 3 600
2005 2006 2007 2008 2009 2010 2011 2012
Quarter Rolling 12-months
*) Excluding restructuring costs.
9

10. Operating margin (EBIT)*, %
EBIT Margin
17,0
Long term target range (average)
16,0
15,0
Run rate 2012 15.7% (16.5)
14,0
13,0
12,0
2005 2006 2007 2008 2009 2010 2011 2012
Quarter Rolling 12-months Q2-Q4 2012 Dilution
Group -0.2%
*) Excluding restructuring costs.
10

11. 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
11

12. 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%
12

13. 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
13

14. 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
14

15. 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
15

16. Division - EMEA
SALES
share of
 Market improved but hesitant Group total %
 Growth in Scandinavia, Finland, Benelux, UK,
Israel and Africa 31
 France, Germany and Eastern Europe are stable
 Southern Europe in continued decline
 Good leverage from volume increase
EBIT %
19
 Operating margin (EBIT) 18
17
+ Volume 4%
16
= Material cost 15
14
+ Footprint savings 13
2007
2008
2009
2010
2011
2012
- Dilution by 0.8%
16

17. Division - Americas
SALES
share of
 Stable sales development Group total %
 Good growth of high security, elmech and residential
21
 Positive sales of mechanical locks and security doors
 Negative sales in Canada, Mexico and Brazil
 Improved margin from efficiency gains
EBIT %
 Operating margin (EBIT) 22
21
+ Volume 3%
20
= Material cost
19
+ Efficiency improvement 18
2007
2008
2009
2010
2011
2012
18

18. Division - Asia Pacific
SALES
share of
 Strong growth in Korea and South East Asia Group total %
including India
11
 Weak growth in China
 Decline in Australia and New Zeeland
 Negative mix and Chinese cost pressure
EBIT %
17
 Operating margin (EBIT) 15
13
= Volume 3% 11
9
= Raw material 7
5
- Mix & cost pressure
2007
2008
2009
2010
2011
2012
20

19. Division - Global Technologies
SALES
 HID share of
Group total %
– Good growth of Access control and secure issuance
– Strong sales of Identification Technology 14
– Large project orders dilutes
 Hospitality
– Good growth in all market regions
– Several gains of important key accounts
EBIT %
 Operating margin (EBIT) 19
18
+ Volume 8% (13) 17
16
+ Strong leverage from core business growth 15
14
- Dilution from large project orders 13
2007
2008
2009
2010
2011
2012
22

20. Division - Entrance Systems
SALES
share of
 Good growth of Besam, Crawford and FlexiForce Group total %
 Service sales in steady growth 23
 Ditec declining due to southern Europe
 Albany and Dynaco consolidated in the quarter
 Sales +130% and EBIT +94%
EBIT %
 Operating margin (EBIT) 19
18
+ Volume 3% 17
16
- Dilution from acquisitions -2.7% 15
14
+ Leverage from growth +0.3% 13
12
2007
2008
2009
2010
2011
2012
24

21. Q1 Report 2012
Carolina Dybeck Happe
CFO
26

22. Financial highlights Q1 2012
1st Quarter Twelve months
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%
*) 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
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23. Bridge Analysis – Jan-Mar 2012
MSEK 2011 Organic Currency Acq/Div 2012
Jan-Mar 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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24. P&L – Components as % of sales
2011 2012 2012
Q1 Q1 excluding Q1
acquisitions
 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%
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25. Operating cash flow, MSEK
Quarter 12 months
3 000 Growth 7 500
7 000
2 500 Recession
6 500
2 000 6 000
5 500
1 500 Growth
5 000
1 000 4 500
4 000
500
3 500
0 3 000
2005 2006 2007 2008 2009 2010 2011 2012
Quarter Cash Rolling 12-months EBT Rolling 12 months
30

26. Gearing % and net debt MSEK
Net Debt Gearing
30 000 120
Debt/Equity
64 (103)
25 000 100
20 000 80
15 000 60
10 000 40
5 000 20
0 0
2005 2006 2007 2008 2009 2010 2011 2012
Net debt Gearing
Net debt/EBITDA
2.0 (3.0)
31

27. Q1 Report 2012
Johan Molin
President & CEO
32

28. 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
33

29. Q&A
34