Financial Statements Review 2007

January 31, 2008

President and CEO Mikael Mäkinen

y ,

1

Key issues in 2007• Year 2007 orders received grew by over 40% rising toYear 2007 orders received grew by over 40% rising to

EUR 4,106 (1-12/2006: 2,910) million. Q4 orders receivedrecord-high at EUR 1,214 (10–12/2006: 716) million.

• Sales grew by16% and rose to EUR 3,018 (1-12/2006: 2,597) million.

• Services development continued strong with sales growingby 32%.y

• Operating profit from operations excluding EUR 18.0 million one-off was EUR 221 1 (222 6) million representingmillion one-off was EUR 221.1 (222.6) million, representing7.3 (8.6) % of sales. Q4 accounted for 64.3 (10–12/2006: 57.8) million at 7.4 (8.3)% of sales.

January 31, 20082

Record-high order intake reflected lively marketRecord high order intake reflected lively market activity• Load handling equipment market in Europe and Asia

Pacific very buoyant while U.S. demand weak.

• Container handling equipment demand was healthy. In particular, reachstacker demand grew.

• Demand for marine cargo handling and offshoresolutions was record highsolutions was record-high.

• Demand for services remained favourable throughoutthe year.

January 31, 20083

Order intakeMEUR

+41 %3 5004,0004 ,500 4,106

1 8482,337 2,385

2,910

2,5003,0003,500

+70%716

1,214

1,848

1 0001,5002,000

716

0500

1,000

2003 Pro forma

2004 Pro forma

2005 Pro forma

2006 2007 10-12/06 10-12/07

January 31, 20084

Order book rose again to new recordMEUR

2 8653 000 2,865

2,500

3,000

1,219 1,257

1,621

1,500

2,000

807

1,219

500

1,000

0

500

January 31, 20085

*Pro forma

Sales growth continuedMEUR

+16 %3,018

2 3582,5972,800

3,200

1,6581,900

2,358

2,000

2,400

+25 %697 868

1,200

1,600

697

400

800

02003

Pro forma2004

Pro forma2005

Pro forma2006 2007 10-12/06 10-12/07

January 31, 20086

Geographical sales growth – fastest growth in AsiaAmericas Asia PacificEMEAMEUR

+23 %

1 368

1,677

1,500

1 ,800

1 ,072

1 ,335 1,368

1,200

,

+37%-10 %

620720

647 695900

476 509352 403

300

600

02004* 2005* 2006 2007 2004* 2005* 2006 2007 2004* 2005* 2006 2007

January 31, 20087*Pro forma

Services grew by 32% y-on-y representing 25% of g y y y p gsales

Hiab MacGREGORKalmarMEUR Cargotec total

+32%

+31 %

+49 %+21 %

January 31, 20088*Pro forma

Operating profitMEUR

240

195 22315

18

20318200

250221

179124

15 203

150

8558

1850

10064

468

0

50

2003 2004 2005 2006 2007 10 12/06 10 12/07

One-off items

2003 Pro forma

2004 Pro forma

2005 Pro forma

2006 2007 10-12/06 10-12/07

January 31, 20089

Operating profit from operations by business area

Pro forma

73.819.1 86.6

MEURHiab

Pro forma200510-12/2007 2007

22.7

10-12/2006

66.7

2006

7.9%

105.5*7 9%*

7.8%

26.9*7 4%*

9.5%

111.89 3%

%

Kalmar %

9.5%

28.38 8%

7.9%

97.88 5%7.9%*

59.47.9%

7.4%*

22.38 6%

9.3%

36.17 5%

%

MacGREGOR%

8.8%

9.77 0%

8.5%

27.67 5%7.9%

(17.5)

8.6%

(4.0)

7.5%

(11.9)

%

Group admin, others

7.0%

(2.9)

7.5%

(12.3)

221.1*7.3%*

64,3*7.4%*

222.6**8.6%**

Cargotec total%

57.88.3%

179.87.6%

*Excluding a one-off cost of EUR 18 million in Kalmar business area related to a container

January 31, 200810

gspreader inspection program **Excluding capital gain

Operating profit analysisOperating profit analysis

C bl fit

2007 2006

234 4 225 9Comparable oper .profit

Hiab factory closure costPPA

234.4 225.9

(9 9) (3 3)

(3.3) - • Closure cost of Dutch factory

• Purchase price allocation treatmentPPAOper. profit from operations:

of whichHiab 73.8 86.6

(9.9) (3.3)221.1 222.6

p

• U.S. market weak

of which Kalmar

of which MacGREGOR

105.5 111.8

59.4 36.1

• R&D investments• Expansion of service network through

acquisitions

group admin cost

One-off cost

(17.5) (11.9)

(18.0) -

• Development of global network and knowledge

• Bromma container spreader inspection

One-off capital gain

Operating profit 203.1 240.4

- +17.8programme

• Capital gain from real estate sale

18.10.200711

Earnings per share (basic)EUR

2.57

2 11 2 37 2 172,50

3,00

2.11

1 201,90

2,37 2,17

1 50

2,00

0,610,81

1,20

0 45

1,00

1,50

0,610,45

0,00

0,50

2003 Pro forma

2004 Pro forma

2005 Pro forma

2006 2007 10-12/06 10-12/07

January 31, 200812

Capital gain

Cash flow from operating activities before financialCash flow from operating activities before financial items and taxes

MEUR

January 31, 200813

Key figures

Pro formaPro forma2007 2006 2005

Basic earnings per share EUR 2.17 2.57 2.11 Equity per share EUR 14.29 13.72 11.93 Interest-bearing net debt MEUR 303.6 107.5 120.5

Total equity/total assets % 38.3 47.6 46.2 Gearing % 33.9 12.3 15.7 Gearing % 33.9 12.3 15.7 Return on equity % 15.6 20.2 19.2 Return on capital employed % 16.8 23.1 20.9

January 31, 200814

Acquisitions completed in 2007Acquisitions completed in 2007• Services company Tagros in Slovenia • Berger sales service installation network in Eastern EuropeBerger sales, service, installation network in Eastern Europe• Sales and services company Truck och Maskin i Örnsköldsvik in Northern

SwedenI d t k i di t ib ti d i BG C i A t li• Increased stake in distribution and services company BG Crane in Australia

• U.S. services company PES for ports and intermodal terminals• Manufacturing base in India through Indital• Offshore and sub-sea load handling systems company Hydramarine in Norway• Plimsoll in Singapore focused on offshore deck equipment• Kalmar Asia Pacific minority stake• Kalmar Asia Pacific minority stake• Kalmar distributor Kalmar España in Spain • Offshore service company Vestnorsk Hydraulikkservice in Norway• Component and steel structure manufacturer Balti in Estonia • U.S. services company Bay Equipment Repairs• Port automation technology company Advanced Cargo

January 31, 200815

Port automation technology company Advanced CargoTranshipment in the Netherlands

Key 2007 achievements in Cargotec’s developmentGrowth in Services Asian sales growth

Investments in R&DExpansion of global presence

January 31, 200816

On the Move to support strategy implementation

• The programme is aimed at taking advantage of Cargotec’sThe programme is aimed at taking advantage of Cargotec sknowledge and scale by establishing a way of working that supports the change in the Company’s business environment in which the share of services and emerging markets is increasing.

• Change programme will be lead by Deputy CEO Kari Heinistö.g p g y p y

• Cargotec’s strong order book and growth enable transforming the way of working as part of continuous development of operationsof working as part of continuous development of operations.

• A profitability improvement of EUR 80-100 million is targeted through the change programme Essential in the improvement target isthe change programme. Essential in the improvement target is enabling profitable growth through a more efficient structure and way of working.

January 31, 200817

g

Outlook

• Investments in the strategic development of Cargotec will continue and• Investments in the strategic development of Cargotec will continue and growth in services is expected to remain strong.

B d th d hi h d b k t th b i i f th• Based on the record-high order book at the beginning of the year management estimates sales growth in 2008 to be at the year 2007 level.

• General market activity and Cargotec's orders received are expected to continue healthy although in MacGREGOR the achievement of the exceptionally high order intake level of 2007 is a stretchexceptionally high order intake level of 2007 is a stretch.

• Operating margin in 2008 is expected to improve from the 2007 level.

• The U.S. market continues weak without yet any signs of improvement.

January 31, 200818

Questions & Answers

• Mr. Mikael Mäkinen, President and CEO

Mr Kari Heinistö Dep t CEO• Mr. Kari Heinistö, Deputy CEO

• Ms Eeva Mäkelä CFO as of Feb 1 2008• Ms. Eeva Mäkelä, CFO as of Feb 1, 2008

• Ms. Tiina Naumanen, Group ControllerMs. Tiina Naumanen, Group Controller

January 31, 200819