11 May 2010

1

The SKF Group

Tom Johnstone

President and CEO

11 May 2010

3Programme – 11 May 2010

08:45 Welcome and introduction Tom Johnstone President and CEO

09:00 SKF in Asia Rakesh Makhija President, SKF Asia

09:15 Automotive overview Tryggve Sthen President, Automotive

Division

09:30 Summing up and Q & A

10:10 Global Technical Centre China Christopher Ancona

Manager, GTCC

10:25 Preparation/informationfor the factory tour Richard Mh Yang Factory manager

10:35 Factory tour and lunch

12:00 Depart from SKF to Volvo

11 May 2010

4Key points, Q1 report

• Strong operating profit and marginSEK 1,702 m versus SEK 768 m previous year11.8% versus 5.2% previous year

• Production levels increased during the quarter Significantly higher year over year.

• Sales in local currency:Industrial Division: -12.1%Service Division: +8.2%Automotive Division: +26.2% Negative price/mix influenced by higher automotive sales versus industrial market.

• Improving demand outlook for Q2Significantly higher compared to Q2 2009Slightly higher sequentially compared to Q1 2010

• Manufacturing levelSignificantly higher year over yearHigher compared to average Q1 2010

11 May 2010

5

• Inauguration of two new factories in India:

- The Haridwar factory will manufacture deep groove ball bearings and primarily

serve the two-wheeler market and the vehicle service market in India. Total

investment: around SEK 250 million.

- The Ahmedabad factory will manufacture medium to large size bearings ofvarious types to serve customer segments such as wind energy and

heavy industries. Total investment: around SEK 450 million.

• A programme was concluded in March for adjusting the manufacturing capacity in Gothenburg, Sweden. The total cost of these activities is around SEK 90 million and the benefit of these actions will be around SEK 50 million per year.

• The ninth SKF Solution Factory was inaugurated in Houston, USA

Highlights 2010

Photos

11 May 2010

6Volume trends(based on current assumptions)

Daily volume trends for: Q1 2010 Q2 2010

Net sales2009

Europe51%

North America

17%

Asia Pacific23%

Latin America

6%

Total

Outlook Q22010 vs

2009

++

++

+++

+++

+++

11 May 2010

7

7%

14%

7%

5%

22%

16%

12%

11%

3%

3%

Aerospace

Cars

Energy

Railway

Industrial distribution

Industrial OEM,

General+Special

Vehicle Service Market

Industrial OEM, Heavy + Off-

highway

Trucks

Electrical and two-wheeler

Sequential volume trend main segments Q2 2010(based on current assumptions)

Net sales 2009

11 May 2010

8Volume trends, Divisions(based on current assumptions)

Daily volume trends for Q2

2010

Net sales2009

Industrial34%

Service35%

Automotive29%

Total

Outlook Q22010 vs

2009

+

+++

+++

+++

11 May 2010

9Key focus areas ahead 2010

• Profit and cash flow

• Adjustment of manufacturing output to new demand levels

• Growing segments and geographies

• Strengthening the platform/segment approach

• Competence development

SKF Care and Six Sigma as guiding lights

11 May 2010

10

1310

13

24 2321

People Tangible assets Net sales

Asia in percent of Group

2000 2009 2000 2009 2000 2009

11 May 2010

11

1310

13

24 2321

People Tangible assets Net sales

Asia in percent of Group

2000 2009 2000 2009 2000 2009

11 May 2010

12