Wind energy. Stefan Karlsson Global Segment Manager, Renewable Energy

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1 Wind energy Stefan Karlsson Global Segment Manager, Renewable Energy Capital Markets Day 2009

2 The dynamic wind energy market

3 Wind energy business development snapshot 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 Source: BTM Consult ApS - March 2009 Global Wind Power Status Cumulative MW by end of 2002, 2005 & 2008 Europe USA Asia Rest of World 2002 (32,037 MW) 2005 (59,399 MW) 2008 (122,158 MW) 160, , , ,000 80,000 60,000 40,000 20,000 0 Global Wind Power Forecast Cumulative MW by end of 2007 & Forecast 2012 Europe USA Asia Rest of World Source: BTM Consult ApS - March (122,158 MW) 2013 (343,153 MW) Year: Installed MW Increase % Cumulative MW Increase % ,344 40, ,154-2% 47,912 19% ,542 42% 59,399 24% ,016 30% 74,306 25% ,791 32% 94,005 27% ,190 42% 122,158 30% Average growth - 5 years 27.6% 24.8% Source: BTM Consult ApS - March 2009 Wind development activity is shifting from Europe to North America and Asia-Pacific. By 2020, Europe is expected to account for 27% of new capacity added worldwide, compared to 31% for North America and 42% for Asia-Pacific.

4 Wind energy market development Actual Trend Trend Next 12 months After 12 months and forward Wind energy Globally Speed of growth globally expected to fall from >30% to around 10% during Europe Limited effect on investments by credit crunch. North America +++ = +++ Delay in new windfarm projects 2009 due to limited financing. ARRA expected to give effect by Q Asian Markets Explosive growth continuing in China. India suffering from effects of financial crisis. +++ annual growth > 15% ++ annual growth 10 to 15% + annual growth 5 to 10% = 0 to + 5% - annual decline 0 to -5%

5 The macroeconomy effects on wind energy Wind energy at an early stage of a long term growth phase, business fundamentals for the industry are strong. Long term growth >20%/year. The present credit crunch has resulted in postponement and cancellation of some externally financed windfarm projects, mainly in USA and India. Manufacturers affected by this downturn are mainly producers with high exposure in the US market, as well as their sub-system suppliers. The recently approved stimulus package for the US economy, including areas for renewable energy, will create renewed dynamic growth; American Recovery and Reinvestment Act 2009 Proposed legislation for USD 20 billion in tax cuts to support growth of renewable energy, including a multiyear extenstion of PTC. (Production Tax Credit) A total of USD 8 billion proposed to be allocated for Renewable Energy Loan Guarantees. MRO-service market not affected windfarm service activities as normal

6 Expectations of a quick business recovery Source: Vestas annual report 2008

7 Globalisation of wind energy market Environmentally concerns, security of fuel supply and demand for additional electricity output are driving the establishment of renewable energy support systems in several new markets. Windturbine manufacturing base expanding rapidly from a few countries, to form a truly global market. China has in just a few years expanded to become the global market leader of wind turbines in a few years. Korea on the brink of taking off as a major windturbine manufacturing base, Canada and Latinamerica to follow.

8 Exploding China wind energy market Installed capacity in China ,000 MW Most likely passed before 2020 MW MW Cumulative MW Installed MW Forecast Cumulative MW 2020 Most likely passed during already passed during 2007 National targets Source: BTM report November 2008

9 SKF in wind energy

Sealing solutions Plain bearings Mechanical repairs & refurbishment Mainshaft bearing(s) SRB/CARB/TRB/DRTRB Maintenance tools and

10 SKF contribution to wind turbine technology Condition Monitoring WindCon/WebCon Gearbox bearings TRB/CRB/SRB/CARB/DRTRB Engineering Consultancy Services Automatic distributed lubrication system Pitch bearings Monitoring and diagnostics services Sealing solutions Plain bearings Mechanical repairs & refurbishment Mainshaft bearing(s) SRB/CARB/TRB/DRTRB Maintenance tools and grease Generator bearings DGBB/InsoCoated/Hybrid Yaw bearing Couplings Mainshaft housings and locknuts Bolt tensioning tools Tower alignment services

SKF is a supplier to all major manufacturers Wind turbine manufacturers (global ranking) Rank Manufaturer Homebase MW-output 2008 1 Vestas Denm ark 5, 581 2 GE-Wind USA 5, 239 3 Gam esa Spain 3, 373

11 SKF is a supplier to all major manufacturers Wind turbine manufacturers (global ranking) Rank Manufaturer Homebase MW-output Vestas Denm ark 5, GE-Wind USA 5, Gam esa Spain 3, Enercon Germany 2,806 5 Suzlon India 2,526 6 Siemens Denmark 1,947 7 Sinovel China 1,403 8 Acciona Spain 1, Goldwind China 1, Nordex Germany 1, Dong Fang China 1, REpower Germany 943 Source: BTM Consult ApS March 2009: Wind-gearbox manufacturers (global ranking) Rank Manufaturer Homebase 1Winergy Germany 2 Hansen Belgium 3 Bosch-Rexroth Germany 4Moventas Finland 5 Nanjing GC China

12 SKF business development beyond market growth 60,000 Annual Wind Power Development Actual & Forecast ,000 40,000 MW 30,000 20,000 10, Source: BTM Consult ApS - March 2009 Europe USA Asia Rest of World Existing

13 Recent SKF market launches - wind energy industry New CRB-design with extra-high carrying capacity for wind-gearboxes. New pitch bearing design with improved corrosion protection SKF WindCon 3.0/Webcon Intranet supervised condition monitoring DRTRB-unit Nautilus with segmented cage for minimized friction XL Hybrid bearings with ceramic balls for superior insulation Automatic centralized lubrication kits for reduced maintenance cost

14 Business Case: SKF Nautilus

15 The new wind-mainshaft DRTRB-unit Nautilus Patented segmented PEEK cage developed by SKF.

Segmented cage for improved performance also under misalignment.

16 The unique benefits of SKF Nautilus Nautilus key features; Designed for heavy, complex loads. Only pure torque load is being transmitted to the drivetrain. Segmented cage for improved performance also under misalignment. Extremely low friction coefficient. Can be either oil or grease lubricated Available for cold-climate locations The SKF test-rig for the large mainshaft Nautilus bearing.

17 Milestones in Nautilus business development Developed to fulfill the challenging conditions and the specific requirements for a radical new turbine design ( ). Officially market launched also for other turbine models (2005). 3 different windturbine manufacturers selected Nautilus as mainshaft arrangement for new turbine models (2006). 12 different windturbine models with Nautilus selected. Customers in Denmark, Germany, Belgium, Italy, India, Japan, China and Korea (2008). Several new upcoming windturbine models evaluating Nautilus (2009). Manufacturing capacity expansion in Schweinfurt, Germany and investment decision to start up manufacturing in Dalian, China (2009).

18 SKF Intelligence Center Wind

Intelligence Center Wind, a service concept by SKF Present

analysis services Top of turbine repairs Engineering

19 Intelligence Center Wind, a service concept by SKF Present status; Remote monitoring of >600 wind turbines all over the world from ICW Hamburg center. Condition Monitoring Systems Remote Condition Monitoring analysis services Top of turbine repairs Engineering projects Spare part management Reconditioning services Improved return on capital employed in windfarms.

20 SKF Windfarm Service (ICW) Europe-NAM-Asia

21 Summary & Conclusions

22 Renewable energy high on the agendas Actual: 7% renewables in 2007 Actual: 8% renewables in % in % in % renewables in electricity 2006 * 15% in % by 2020 (some 34% of electricity) *) target on all prime energy

23 Key business message Speed of growth of wind energy industry temporarily slowing down to some 10% during Back to normal predicted already during Quick globalisation of the industry at present. New manufacturers in emerging markets. SKF already in place. SKF is well positioned with most leading manufacturers. Nautilus well received by the market. Massive business growth foreseen with Nautilus on new turbine models. Intelligence Center Wind is positioning SKF as a partner and a competence provider in windfarm service market. SKF is actively involved in the development of the windturbine technology of the future (onshore and offshore).

Steady as she goes By Alasdair Cameron

RENEWABLE ENERGY WORLD, July-August 2005, Volume 8, Number 4 Steady as she goes By Alasdair Cameron BTM's world market update Total wind capacity grew by around 20% in 2004, despite a temporary slump in