Volkswagen : Presentation - Volkswagen at a Glance

Volkswagen Group at a Glance

Disclaimer

The following presentations as well as remarks/comments and explanations in this context contain forward-looking statements on the business development of the Volkswagen Group. These statements are based on assumptions relating to the development of the economic, political and legal environment in individual countries, economic regions and markets, and in particular for the automotive industry, which we have made on the basis of the information available to us and which we consider to be realistic at the time of going to press. The estimates given entail a degree of risk, and actual developments may differ from those forecast. All figures are rounded, so minor discrepancies may arise from addition of these amounts.

At the time of preparing these presentations, it is not yet possible to conclusively assess the specific effects of the latest developments in the Russia-Ukraine conflict on the Volkswagen Group's business, nor is it possible to predict with sufficient certainty to what extent further escalation of the Russia-Ukraine conflict will impact on the global economy and growth in the industry in fiscal year 2023.

Any changes in significant parameters relating to our key sales markets, or any significant shifts in exchange rates, energy and other commodities or the supply with parts relevant to the Volkswagen Group will have a corresponding effect on the development of our business. In addition, there may also be departures from our expected business development if the assessments of the factors influencing sustainable value enhancement and of risks and opportunities presented develop in a way other than we are currently expecting, or if additional risks and opportunities or other factors emerge that affect the development of our business.

We do not update forward-looking statements retrospectively. Such statements are valid on the date of publication and can be superseded.

This information does not constitute an offer to exchange or sell or an offer to exchange or buy any securities.

2

• INTERNAL

Key Facts of Volkswagen Group

Deliveries to Customers		2019	2020		2021				2022
m vehicles	11.0	9.3			8.9	8.3
Sales Revenue	€ bn	252.6	222.9			250.2	279.2
Operating Return on Sales1	%	7.6	4.8			8.0	8.1
Clean Net Cash Flow (Automotive)2	€ bn	13.5	10.1			15.5	9.1
Net Liquidity (Automotive)	€ bn	21.3	26.8			26.7	43.05

Extraordinary	Forward looking	Strong	Global player
portfolio	strategy	manufacturer
9 car brands of	>50% BEV share target	up to 250,000 cars	more than 150 countries
5 European countries	by 20303	produced per week	where vehicles are sold
	on 3 BEV architectures	Global production	675,000 employees in
	(MEB, PPE and SSP)4	footprint	the whole Group

Powerful truck	All service
business	provider
4 truck brands under one	Financial Services &
roof managed by	Mobility Solutions
TRATON SE

	1. before special items I 2. ex diesel and M&A I 3. strategic target I 4. MEB: modular electric-drive toolkit, PPE: premium platform electric, SSP: scalable systems platform I 5. Total € 43bn incl. Porsche IPO special dividend of € 6.5bn (net); payout January 2023
	Škoda Enyaq: Power consumption in kWh/100 km: combined 16.8; CO2-emissions in g/km: 0 (combined) | CUPRA Formentor VZ5 Fuel Consumption in l/100 m: combined 10.3 - 10.1; CO2-emissions in g/km: 232 - 230 (combined)
	Audi A6 Avant e-tron: Concept car| Bentley Continental GT: Fuel Consumption in l/100 m: combined 13.7 - 12.1; CO2-emissions in g/km: 311 - 275 (combined)	3
•	Porsche Taycan GTS Sport Turismo: Power consumption in kWh/100 km: combined 24.1 - 21.0; CO2-emissions in g/km: 0 (combined) ​| Porsche 911 Targa 4S: Fuel Consumption in l/100 m: combined 11.1 -10.4;CO2-emissions in g/km: 252 - 236 (combined)
INTERNALOnly consumption and emission values according to WLTP and not according to NEDC are available

The Group's Board of Management

Dr. Oliver Blume

CEO of Volkswagen AG and Porsche AG1

since September 1, 2022 till 2027

Dr. Arno Antlitz

COO and CFO2

since September 1, 2022 till 2027 2

Hauke Stars

IT

since February 1, 2022 till 2025

Thomas Schäfer

Brand Group Core

since July 1, 2022 till 2027

Thomas Schmall-von Westerholt

Technology

since January 1, 2021 till 2023

Dr. Gernot Döllner

Brand Group

Progressive

starting on September 1, 2023

Ralf Brandstätter

China3

since January 1, 2022 till 2026

Dr. Manfred Döss

Integrity and Legal Affairs

since February 1, 2022 till 2025

Gunnar Kilian

Human Resources and Truck & Bus

since April 13, 2018 till 2026

1. CEO of Porsche AG since October 1, 2015 I 2. CFO of Volkswagen AG since April 1, 2021 I 3. CEO of Volkswagen Passenger Cars since July 1, 2020 till December 31, 2021

• INTERNAL

4

Agenda

1. Technology at scale
2. Unleashed brands
3. Regional leadership
4. Financials
5. New steering model
6. ESG
7. Debt
8. Share information

5