The ASSA ABLOY Group released its First Quarter Interim Report Jan-March 2015 on Tuesday 28 April 2015 at 08.00 am (CET). This presentation was held at the combined investors’ and analyst meeting. Welcome to visit our Investor pages on http://www.assaabloy.com/investors/.

1. ASSA ABLOY is the global leader in door opening
solutions, dedicated to satisfying end-user needs
for security, safety and convenience
Q1 Report 2015
Johan Molin
President and CEO

2. Financial highlights Q1 2015
 Good start of the year
– Strong growth in Americas, Global Tech and ESD
– Good growth in EMEA
– Weak in APAC due to Chinese market and credit policy
 Sales 15,252 MSEK +24%
5% organic, 3% acquired growth, 16% currency
 EBIT 2,329 MSEK +25%
Currency effect 249 MSEK
 EPS 4.36 SEK +28%
Underlying tax rate 26%
2

3.  Record awards at ISC West
– Aperio R100, Aperio M100 & Ecopower power supply
– Electrified latch & GL1 Electrified Gate Lock
– HID Mobile Access & Active ID tap authentication
 Good development in consumer business
– Yale drives growth in EMEA, Americas and APAC
– Combination of digital and mechanical products
 Strong growth in Latin America (+43%)
– Regional warehouses and recent acquisitions
 Pedestrian Door Automatics
– New range of swing door operators
– Good growth in emerging markets
3
Market highlights

4. 4
Group sales in local currencies Jan-Mar 2015
2 +43
39 +9
14 +12
4 +8
1 +5
Share of Group sales 2015 YTD, %
Year-to-date vs previous year, %
40 +3
Emerging markets 23% (22) of sales

5. -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
5
2015 Q1 +8%
Organic +5%
Acquired +3%

6. 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
900
1 100
1 300
1 500
1 700
1 900
2 100
2 300
2 500
2 700
2008 2009 2010 2011 2012 2013 2014 2015
12-monthsQuarter
Quarter Rolling 12-months
Run rate 9,728 MSEK (8,118) +20%
6

7. 12,0
13,0
14,0
15,0
16,0
17,0
2008 2009 2010 2011 2012 2013 2014 2015
EBIT Margin
Quarter Rolling 12-months
2015 Dilution
Q1 -0.1%
2015 -0.1%
Operating margin (EBIT), %
Run rate 2015 16.3% (16.3)
7

8. Manufacturing footprint
8
 Status manufacturing footprint programs 2006-2013:
– 69 factories closed to date, 11 to go
– 84 factories converted to assembly, 5 to go
– 38 offices closed, 9 to go
 Personal reduction QTD 206p and total 9,620p
 364p in further planned reductions
 845 MSEK of the provision remains for all programs

9. Margin highlights Q1 2015
EBIT margin 15.3% (15.1) +0.2%
+ Volume increase 4%, price 1%
+ Margin increase +0.2%
+ Organic growth
+ Manufacturing footprint
- Currency -0.3%
- Acquisitions -0.1%
Good leverage from growth
9

10. Acquisitions 2015
 Fully active pipeline
 4 acquisitions done in 2015
 Annualized sales 750 MSEK
 Added sales 1.5%
10

11. Quantum Secure, USA
11
 Bookings of 400 MSEK with 175
employees
 Provider of advanced identity
management systems
 Brings compliance in highly-
regulated industries
 Management of identities across
multiple sites
 Neutral to EPS

12. MSL, Switzerland
12
 Turnover of 180 MSEK with 106
employees
 Leading supplier of Swiss mortice
locks
 Complets Swiss total door opening
solutions
 Adds important market coverage
 Accretive to EPS

13. Teamware, Malaysia
13
 Turnover of 240 MSEK with 120
employees
 Creates firm market leadership in
fast growing Malaysia
 Complimentary channels and
products
 Allows specification
 Accretive to EPS

14. 25%
SALES
share of
Group total %
Division - EMEA
 Strong growth in Scandinavia, Finland, Eastern Europe
and Africa
 Good growth in UK and Iberia
 Flat in Germany and Israel
 Negative in Benelux, France and Italy
 Strategic move in Switzerland
 Operating margin (EBIT)
+ Organic 3%
+ Leverage from savings +0.5%
- Dilution & Currency -0.7%
14
13
14
15
16
17
18
19
2010 2011 2012 2013 2014 2015
EBIT %

15. Division - Americas
 Strong growth in AHW, Doors, El-mech, Residential,
Mexico and South America
 Stable trend in High security and Canada
 Important moves in South America
 Strong demand from Home Automation
 Operating margin (EBIT)
+ Organic 8%
+ Good leverage from efficiency
- Currency & Dilution -0.5%
16
20
18
19
20
21
22
23
2010 2011 2012 2013 2014 2015
EBIT %
24%
SALES
share of
Group total %

16. Division - Asia Pacific
 Strong growth in Australia, South Asia and North Asia
 Good growth in New Zealand
 China
– Strong decline due to weak market and credit policy
– Government incentives for construction
– Many companies for sale
 Operating margin (EBIT)
- Organic -3%
+ Personnel reduction in China -8%
+ Positive sales mix
- Currency & Dilution -0.3%
14
18
8
10
12
14
16
18
2010 2011 2012 2013 2014 2015
EBIT %
11%
SALES
share of
Group total %

17. Division - Global Technologies
 HID
– Strong growth in Gov-Id, IDT (inlays) and Project sales
– Good growth in IAM (Identity and access management)
– Austin move completed
 Hospitality
– Strong growth
– Strong profit
 Operating margin (EBIT)
+ Organic 12%
+ Leverage from growth
- Currency & Dilution -0.3%
13
20
14
15
16
17
18
19
20
21
2010 2011 2012 2013 2014 2015
EBIT %
14%
SALES
share of
Group total %

18. Division - Entrance Systems
 Strong growth in Door Automatics, High Speed Doors,
Flexiforce, Amarr and 4Front
 Flat in Industrial EU and decline in Residential EU and
Ditec
 Europe is tough but improving with growing service
 Operating margin (EBIT)
+ Organic 5%
+ Efficiency improvement
- Negative mix (US growing)
- Currency -0.4%
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
Q1 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 Q1 2015
MSEK 2014 2015 Change 2013 2014 Change
Sales 12,305 15,252 +24% 48,481 56,843 +17%
Whereof
Organic growth +5% +3%
Acquired growth +3% +9%
FX-differences +1,892 +16% +2,138 +5%
Operating income (EBIT) 1,857 2,329 +25% 7,923 9,257 +17%
EBIT-margin (%) ) 15.1 15.3 16.3 16.3
Operating cash flow 557 520 -7% 6,803 8,238 +21%
EPS (SEK) 3.41 4.36 +28% 14.84 17.38 +17%
1st Quarter Twelve months
25

21. Bridge Analysis – Jan-Mar 2015
MSEK 2014
Jan-Mar
Organic Currency Acq/Div 2015
Jan-Mar
5% 16% 3% 24%
Revenues 12,305 680 1,892 376 15,252
EBIT 1,857 186 249 38 2,329
% 15.1% 27.3% 13.1% 10.1% 15.3%
Dilution / Accretion 0.6% -0.3% -0.1%
26

22. P&L Components as % of sales
Jan – Mar 2015
Direct material 34.6% 35.5% 35.6%
Conversion costs 26.5% 25.4% 25.3%
Gross Margin 38.9% 39.1% 39.1%
S, G & A 23.8% 23.7% 23.8%
EBIT 15.1% 15.4% 15.3%
2015
YTD excluding
acquisitions
2014
Q1
2015
Q1
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
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
64 (72)
Net debt/EBITDA
2.3 (2.3)
29
*) 2008-2011 Not restated for changed pension accounting principles.

25. Earnings per share, SEK
8,00
10,00
12,00
14,00
16,00
18,00
20,00
0,00
0,50
1,00
1,50
2,00
2,50
3,00
3,50
4,00
4,50
5,00
5,50
2008 2009 2010 2011 2012 2013 2014 2015
12-monthsQuarter SEK
Quarter Rolling 12-months
30
Excluding restructuring costs of 1,000 MSEK in Q4 and full year 2013.
2008-2011 Not restated for changed pension accounting principles.
Dividend proposal 2015: 6.50 SEK (5.70)
Stock split proposal 3:1

26. ASSA ABLOY is the global leader in door opening
solutions, dedicated to satisfying end-user needs
for security, safety and convenience
Q1 Report 2015
Johan Molin
President and CEO

27. Conclusions Q1 2015
 Strong growth by 24% with 5% organic
– Strong growth in Americas, Global Tech and ESD
– Good growth in EMEA
– Decline in APAC
 Good acquisition pipeline
 Emerging markets 23% (22)
 Strong EBIT improvement of 25%
 Strong EPS improvement by 28%
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