TRATON : CMD 2022 – Presentation TRATON GROUP Strategy, 2022/05/18

TRATON Way Forward

TRATON Capital Markets Day

Christian Levin, CEO

Södertälje, 05-18-2022

Disclaimer

This presentation has been prepared for information purposes only.

It does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Volkswagen AG, TRATON SE, or any company of the TRATON GROUP in any jurisdiction. Neither this presentation, nor any part of it, nor the fact of its distribution, shall form the basis of, or be relied on in connection with, any contractual commitment or investment decision in relation to the securities of Volkswagen AG, TRATON SE, or any company of the TRATON GROUP in any jurisdiction, nor does it constitute a recommendation regarding any such securities.

It contains forward-looking statements and information on the business development of the TRATON GROUP. These statements and information are based on assumptions relating in particular to the TRATON GROUP's business and operations and the development of the economies in the countries in which the TRATON GROUP is active.

The TRATON GROUP has made such forward-looking statements on the basis of the information available to it and assumptions it believes to be reasonable. The forward-looking statements and information may involve risks and uncertainties, and actual results may differ materially from those forecasts. If any of these or other risks or uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, the actual results may significantly differ from those expressed or implied by such forward-looking statements and information. The TRATON GROUP will not update this presentation, particularly not the forward-looking statements. The presentation is valid on the date of publication only.

Certain financial information and financial data included in this presentation are preliminary, unaudited, and may be subject to revision. Due to their preliminary nature, statements contained in this presentation should not be unduly relied upon, and past events or performance should not be taken as a guarantee or indication of future events or performance. Financial figures might be translated from different currencies, using the exchange rate prevailing at the relevant date or for the relevant period that the relevant financial figures relate to.

All statements with regard to markets or market position(s) of TRATON SE or any affiliated company or any of its competitors are estimates based on data available to the TRATON GROUP.

IHS Markit Data referenced herein are the copyrighted property of IHS Markit Ltd. and its subsidiaries ("IHS Markit"). The IHS Markit Data are from sources considered reliable; however, the accuracy and completeness thereof are not warranted, nor are the opinions and analyses published by IHS Markit representations of fact. The IHS Markit Data speak as of the original publication date thereof and are subject to change without notice. IHS Markit and other trademarks appearing in the IHS Markit Data are the property of IHS Markit or their respective owners.

The percentage figures shown may be subject to rounding differences. Due to different proportions and scaling in graphs, data shown in different graphs are not comparable.

2

A lot has been achieved in the past six years

2015	2019	2021	2021+
Establishment of	Successful IPO	Acquisition	New
VW Truck & Bus	of TRATON SE	of Navistar	TRATON Strategy

2018	2021	2021	2021
Re-branding/	Squeeze-Out of MAN SE,	Charging JV with	Introduction of
new identity	realignment MAN T&B	Daimler Truck	new Group powertrain
		& Volvo Group
			3

Key strategic questions for "TRATON Way Forward" have changed

Global Champion Strategy:

Strategic questions (2015-21)

1

2

3

4

How to develop a group/own entity for trucks & buses?

Where to focus for economies of scale?

What are most important profit pools globally and how to tap into them?

Will electrification and autonomous play a role in trucks and when?

4

Key strategic questions for "TRATON Way Forward" have changed

Global Champion Strategy:

Strategic questions (2015-21)

1		How to develop a group/own
	entity for trucks & buses?
2		Where to focus for economies
	of scale?
3		What are most important profit pools
	globally and how to tap into them?
4		Will electrification and autonomous
	play a role in trucks and when?

TRATON Way Forward:

Strategic questions (2022-30+)

How to ensure sustainable business and uphold needs of environment, society & other stakeholders?

How do we create sustainable

value for our stakeholders?

How do we transform our business model to be prepared for changes in our industry?

5