The ASSA ABLOY Group released its interim report third quarter July-September 2015 on Tuesday 20 October at 08.00 am (CET). This is the presentation material from the meeting.

1. ASSA ABLOY is the global leader in door opening
solutions, dedicated to satisfying end-user needs
for security, safety and convenience
Q3 Report 2015
Johan Molin
President and CEO

2. Financial highlights Q3 2015
 Continued positive development
– Strong growth in Americas, EMEA and Entrance
– Flat in Global tech
– Negative in APAC due to weak Chinese market
 Sales 17,465 MSEK +19%
3% organic, 4% acquired growth, 12% currency
 EBIT 2,970 MSEK +19%
Currency effect 238 MSEK
 EPS 1.86 SEK +18%
Underlying tax rate 26%
2

3. Financial highlights Jan-Sept 2015
 A strong year
– Strong growth in Americas, Global Tech and Entrance
– Good growth in EMEA
– Negative growth in APAC due to China
 Sales 49,799 MSEK +21%
4% organic, 3% acquired growth, 14% currency
 EBIT 8,041 MSEK +22%
Currency effect 789 MSEK
 EPS 5.02 SEK +23%
Underlying tax rate 26%
3

4. 4
Market highlights
 Multiple innovation awards at ASIS
– Quantum Secure Predictive security,
– Active ID Tap
– Aperio cabinet lock for data servers
– Ecopower supply, EcoFlex electrified mortise Lock
 US Green Card program
– Contract of 88 MUSD over five-year period
 Accentra, solution for multi family-housing
– Comprehensive cloud-based el-mech solution
– Access from anywhere and real-time trace and tracking
 Google’s NEST partners with Yale

5. Google’s NEST partners with Yale
 Seamlessly connected to Google’s NEST
 Passcodes for family, friends & visitors
 Cloud based and managed through apps
 Real time track and trace
5

6. 6
Group sales in local currencies Jan-Sep 2015
2 +24
39 +7
17 +9
4 +7
1 +8
Share of Group sales 2015 YTD, %
Year-to-date vs previous year, %
37 +5
Emerging markets 25% (24) of sales

7. -15
-12
-9
-6
-3
0
3
6
9
12
15
18
21
24
27
31 000
34 000
37 000
40 000
43 000
46 000
49 000
52 000
55 000
58 000
61 000
64 000
67 000
2008 2009 2010 2011 2012 2013 2014 2015
Growth %Sales MSEK
Organic Growth Acquired Growth Sales in Fixed Currencies
Sales growth, currency adjusted
7
2015 Q3 +7%
Organic +3%
Acquired +4%

8. 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
1 000
1 200
1 400
1 600
1 800
2 000
2 200
2 400
2 600
2 800
3 000
2008 2009 2010 2011 2012 2013 2014 2015
12-monthsQuarter
Quarter Rolling 12-months
Run rate 10,722 MSEK (8,777) +22%
8

9. 12
13
14
15
16
17
2008 2009 2010 2011 2012 2013 2014 2015
EBIT Margin
Quarter Rolling 12-months
2015 Acquisitions Currency
Q3 -0.1% -0.3%
2015 -0.1% -0.3%
Operating margin, %
Run rate 2015 16.3% (16.2)
9

10. Manufacturing footprint
10
 Status manufacturing footprint programs 2006-2013:
– 72 factories closed to date, 6 to go
– 84 factories converted to assembly, 25 to go
– 39 offices closed, 10 to go
 Total personnel reduction in Q3:
– 510 FTE and total 10,269 FTE
 1,000 FTE to go for all programs
 711 MSEK of the provision remains for all
programs

11. Margin highlights Q3 2015
EBIT margin 17.0% (17.0) 0.0%
+ Volume increase 1.5%, price 1.5%
+ Margin flat +0.0%
+ Organic growth
+ Manufacturing footprint & other programs
- Currency -0.3%
- Acquisitions -0.1%
11

12. Acquisitions 2015
 Fully active pipeline
 11 acquisitions done in 2015
 Annualized sales (1 850 MSEK)
 Added sales 3.3%
12

13. Nergeco, France
13
 Turnover of 350 MSEK with 150
employees
 High-speed door company, with
complementary products
 Market leader in Southern Europe
 Strengthens service offering
 Accretive to EPS

14. 23%
SALES
share of
Group total %
Division – EMEA
 Continues strong growth in Scandinavia, Finland and
Eastern Europe
 Good growth in Africa, Italy, Iberia and Israel
 Growth in UK
 Negative in Benelux and France
 Price increases implemented
 Operating margin (EBIT)
+ Organic +5%
+ Savings & efficiency
- Dilution from acq -0.3%
14
13
14
15
16
17
18
19
2010 2011 2012 2013 2014 2015
EBIT %

15. Division - Americas
 Strong growth in AHW, Elmech, Canada, Mexico and
South America
 Good growth in Residential
 Flat in Doors
 Slightly negative in High security
 Operating margin (EBIT)
+ Organic +6%
+ Efficiency
- Dilution from acq -0.3%
16
20
18
19
20
21
22
23
2010 2011 2012 2013 2014 2015
EBIT %
23%
SALES
share of
Group total %

16. Division - Asia Pacific
 Strong growth in New Zealand, South Asia and North
Asia
 Growth in Australia
 Continued decline in China
– Efficiency measures mitigate profit pressure
 Operating margin (EBIT)
- Organic -3%
+ Personnel reduction in China -9%
+ Positive sales mix
+ Currency and acq +0.2%
14
18
8
10
12
14
16
18
2010 2011 2012 2013 2014 2015
EBIT %
16%
SALES
share of
Group total %

17. Division - Global Technologies
 HID
– Strong growth in IDT (inlays) and Quantum secure
– Good growth in PACS, SI and IDA
– Flat in Project sales
– Strong decline in Gov-Id and BIO solutions
 Hospitality
– Strong growth
– Strong profit
 Operating margin (EBIT)
- Organic 0%
- Negative mix
- Dilution from acq -0.6%
13
20
14
15
16
17
18
19
20
21
2010 2011 2012 2013 2014 2015
EBIT %
12%
SALES
share of
Group total %

18. Division - Entrance Systems
 Strong growth in Industrial EU, High Speed Doors and
4Front
 Good growth in Amarr
 Growth in Door automatics and Flexiforce
 Flat in Ditec and Residential EU
 Strongly improving efficiency
 Operating margin (EBIT)
+ Organic +6%
+ Consolidation effects
- Dilution from acq -0.1%
28
22
11
12
13
14
15
16
17
18
2010 2011 2012 2013 2014 2015
EBIT %
26%
SALES
share of
Group total %

19. ASSA ABLOY is the global leader in door opening
solutions, dedicated to satisfying end-user needs
for security, safety and convenience
Q3 Report 2015
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

20. Financial highlights Q3 2015
MSEK 2014 2015 Change 2014 2015 Change
Sales 14,727 17,465 +19% 40,996 49,799 +21%
Whereof
Organic growth +3% +4%
Acquired growth +4% +3%
FX-differences +1,661 +12% +5,561 +14%
Operating income (EBIT) 2,499 2,970 +19% 6,575 8,041 +22%
EBIT-margin (%) 17.0 17.0 16.0 16.1
Operating cash flow 2,249 2,816 +25% 4,769 5,327 +12%
EPS (SEK) 1.57 1.86 +18% 4.09 5.02 +23%
3rd Quarter Nine months
25

21. Bridge Analysis – Jul-Sep 2015
MSEK 2014
Jul-Sep
Organic Currency Acq/Div 2015
Jul-Sep
3% 12% 4% 19%
Sales 14,727 471 1,661 606 17,465
EBIT 2,499 152 238 81 2,970
% 17.0% 32.2% 14.3% 13.3% 17.0%
Dilution / Accretion 0.4% -0.3% -0.1%
26

22. P&L Components as % of sales
Jan – Sep 2015
Direct material 36.1% 36.4% 36.6%
Conversion costs 25.2% 24.6% 24.5%
Gross Margin 38.7% 39.0% 38.9%
S, G & A 22.7% 22.8% 22.8%
EBIT 16.0% 16.2% 16.1%
2015
YTD excl
acquisitions
2014
YTD
2015
YTD
27

23. 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
0
500
1 000
1 500
2 000
2 500
3 000
3 500
4 000
4 500
2008 2009 2010 2011 2012 2013 2014 2015
12-monthsQuarter
Quarter Cash Rolling 12-months EBT Rolling 12 months
28

24. 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
2008 2009 2010 2011 2012 2013 2014 2015
GearingNet Debt
Net debt Gearing
Debt/Equity
63 (68)
Net debt/EBITDA
2.1 (2.3)
29
*) 2008-2011 Not restated for changed pension accounting principles.

25. Earnings per share, SEK
2,00
2,50
3,00
3,50
4,00
4,50
5,00
5,50
6,00
6,50
7,00
0,40
0,60
0,80
1,00
1,20
1,40
1,60
1,80
2,00
2008 2009 2010 2011 2012 2013 2014 2015
12-monthsQuarter SEK
Quarter Rolling 12-months
30
Restated for Stock split 3:1 2015.
Stock split 2015 3:1

26. ASSA ABLOY is the global leader in door opening
solutions, dedicated to satisfying end-user needs
for security, safety and convenience
Q3 Report 2015
Johan Molin
President and CEO

27. Conclusions Q3 2015
 Strong growth by 19% with 3% organic
 Emerging markets 25% (24)
 Strong EBIT +19%
 Strong EPS +18%
 Strong Cash flow +25%
32

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