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Lindab Group Presentation

Lindab | “Simplified Construction”

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“Simplifying Construction”

Kjell Åkesson, CEO

Nils-Johan Andersson, CFO

Q2 ResultJuly 17, 2007

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Second quarter 2007 - Highlights

▪ Sales + 21 %● Improved good market demand

● Good volume growth for Ventilation and Profile Components

● Building Systems’ highest backlog ever

● Acquisition represents ~ SEK 170 M

▪ EBIT result + 42 % EBIT margin 14.2 % (12.1 %)

● Continued margin improvement

● CCL contributes according to plan

● Improved cost efficiency

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Second quarter 2007

SEK M 2007 2006

Net sales 2 329 1 918

Operating result (EBIT) 330 233

Operating margin (EBIT) % 14.2 12.1

Net profit 221 158

Cash flow from operating activities 193 311

Sales growth 21 %

Structure 9 %

Currency effect - %

Volume / price 12 %

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Second quarter 2007 – Acquisition / Expansion projects

● CCL / Airbat

– Development according to plan– Closed 6 Branches / reduced cost and started to buy Lindab fittings– UK result improved with SEK 16 M

● Russia – Building Systems (Yaroslavl)

– Ground work slightly delayed– 20 Yaroslavl engineers educates in Luxemburg

● Russia – Ventilation (St Petersburg)

– Production and sales started – 40 employees– Onninen and Elite– Negative result impact – according to plan

● Core products

– All core products (except Building Systems) grow well above Lindab Group growth– Rainline market investment in UK and Russia continues to develop very well

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Market introduction – Lindab Safe Click

● Started officially 15 June in Germany,Belgium, Switzerland

● Introduction Germany

– Package programme to 120 distributors– Direct mail to 10 000 installers

● Market comments

– Very positive feedback

– German leading installation companies “Without doubt unbeatable installing efficiency”

● Nordic countries start mid November

● Remaining West and East Europe end 2007 / beginning 2008

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Second quarter 2007 - Ventilation

• Strong volume growth core products

• Low performing countries improved result

• Regional sales development adjusted for structure and currency

- Nordic + 12 %- Western + 8 %- CEE + 27 %

PeriodSEK M 07 06

Sales 1 131 859EBIT 134 85EBIT margin % 11.8 9.9

Sales growth 32 %

Structure 20 %

Currency effect -2 %

Volume / price 14 %

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• Strong sales volume in Building Components, Building Systems highest backlog ever

• Improved EBIT margin in both Building Components and Building Systems

• Regional sales development adjusted for structure and currency- Nordic 23 %- Western 19 %- CEE 1 %

• CEE sales low depending on postponed deliveries in Building Systems

PeriodMSEK 07 06

Sales 1 184 1 039EBIT 219 165EBIT margin % 18.5 15.9

Sales growth 14 %

Structure 0 %

Currency effect 1 %

Volume / price 13 %

Second quarter 2007 - Profile

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Regions 2007 07/06

Nordic 7.2 %

CEE (incl CIS) 8.4 %

WE 2.9 %

6.2 %

Market demand 2007

– Further increased market demand –

Source: Euroconstruct forecast June 2007 adjusted for Lindab Mix- Geographic mix- 20/80 Residential / Commercial- 60/40 New / Renovation

1 percentage unitincreased demandcompared to Dec 06 version

• Nordic - Continued high demand in all countries• Eastern Europe - Strongest demand in RO, RU, PL and CZ• Western Europe - DE and UK indicate good growth improvement

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Group, January – June 2007

SEK M 2007 2006

Net sales 4 301 3 412Operating profit (EBIT) 515 315Operating margin % 12.0 9.2Net profit 333 209Diluted earnings per share, SEK 4.23 2.10Cash flow from operating activities 36 269

Profile

- Sales, MSEK 2 052 (1 681)

- Operating profit, MSEK 319 (193)

- Operating margin % 15.5 (11.5)

Ventilation

- Sales, MSEK 2 220 (1 691)

- Operating profit, SEK M 241 (156)

- Operating margin % 10.9 (9.2)

Sales growth 26 %

Structure 10 %

Currency effect -1 %

Volume / price 16 %

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Sales per region

X Portion of Group sales LTM %X Portion of Group sales 2006 %

Nordic countries

41 42

Western Europe

27 24

Central and Eastern Europe incl CIS

28 28

Other

4 6

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Q1-02 Q1-03 Q1-04 Q1-05 Q1-06 Q1-07

• Countered by price education and increased productivity (cost/material)

• Purchase Steel close to 300 000 tones 2007• Purchase from ~ 15 steel producers incl Asia

Steel price development

Hot Dip Galvanized (HDG)

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EBIT development 2003 – 2007

EBIT CAGR 2003 – 2006 45%

SEK M

2003EBIT

2004EBIT

2005EBIT

2006EBIT

305384

547

935

5.7 %

1135

7.0%

8.8%

12.3%13.4%

LTM 2007EBIT

• Core product focus • CEE / CIS growth• Production efficiency • Pricing focus / education• Acquisition • Improved market demand

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0

50

100

150

200

250

300

350

400

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q20

200

400

600

800

1000

1200

Quarterly operating profit (EBIT) SEK M

Rolling 12 monthsQuarterly

2004 2005 2006

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2004 2005 2006 2007

Percent y-o-y Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

Net sales 2 6 1 4 4 0 5 13 34 26 28 16 32 21

Structure 0 -6 -4 -3 -5 -1 7 20 15 22 13 3 11 9

Currency -3 -2 -1 0 0 1 3 5 3 1 -2 -3 -2 0

Volume/price 5 10 6 7 5 5 3 9 8 5 10 16 23 12

Quarterly sales growth

• Average organic growth last 15 years 7,5%• Average organic growth last 4 years 9%• Average organic growth last LTM 15%

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Cash flow statement

April – June 2007 April – June 2006

Cash flow from

- operating activities 378 320

- change in working capital - 98 72

- investing activities - 30 - 101

- financial net paid - 35 - 27

- tax paid - 52 - 54

Free cash flow 163 210

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Gearing % and net debt, SEK M

0

500

1000

1500

2000

2500

3000

3500

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q20

0,2

0,4

0,6

0,8

1

1,2

1,4

1,6

1,8

Net debt Equity Gearing

2004 2005 2006 2007

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Group balance sheet summary 30.06.072007-06-30 2006-12-31

AssetsIntangible fixed assets 2 734 2 695Tangible fixed assets 1 387 1 391Financial fixed assets 6 6Other long-term receivables 330 315Stock 1 323 1 083Short-term receivables 1 801 1 392Short-term investments, cash and bank 297 200

Total assets 7 878 7 082Shareholders’ equity and liabilitiesShareholders’ equity 2 355 2 190Long-term interest-bearing liabilities and provisions 2 881 2 345Long-term non-interest-bearing provisions 446 365Short-term interest-bearing liabilities 325 463Short-term non-interest-bearing liabilities and provisions 1 871 1 719

Total shareholders’ equity and liabilities 7 878 7 082

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Outlook 2007 (same as after Q1)

• Continued good market demand

• Eastern Europe continues with high expectations – new countries and ventilation efforts

• Western Europe, strong focus on Germany and UK

• Nordic countries, improve Comfort performance and keep up high market share

• Important introduction of products; Ventilation ”Click” and Project Alliance

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Lindab Market Growth Compared to Euroconstruct(June 2007)

2006-2009 Incl RO RU

Construction Growth in Europe

EC-19 = Euroconstruct Countries (does not include Russia or Romania)

-2,0

-1,0

0,0

1,0

2,0

3,0

4,0

5,0

6,0

7,0

2003 2004 2005 2006 2007 2008 2009

Lindab Market Growth Non-Residential EC-19 Residential EC-19 Total Construction EC-19

2007-06-18

Lindab

Totalmarket

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Capital Market Day - 12 SeptemberStart 10 amLocation: Grevie, Båstad

● Presentation: The Group and financial targets

● Presentation: The Business Areas

● Theme: Eastern Europe:

● Theme: Industrialisation of the building process / Product innovations

● Tour of both business area’s Swedish production units.

…plus an exhilarating car racing experience at Knutstorp Circuit

¨Contact Helena Stacey to register or if you require assistance withhotel bookings etc.

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