Traton : Q3/9M 2024 Results – Presentation, 2024/10/28

Q3/9M 2024 RESULTS

ANALYST / INVESTOR PRESENTATION

Christian Levin, CEO

Dr. Michael Jackstein, CFO & CHRO

Munich, 10/28/2024

Q3/9M 2024 Results	2	Investor Relations
10/28/2024

AGENDA

1. Key results & highlights
2. Financial performance & outlook
3. Backup

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DISCLAIMER

This presentation has been prepared for information purposes only.

The presentation 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.

The presentation as well as remarks, comments and explanations in this context contain 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 any forward-looking statements or 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.

Any changes in significant parameters relating to the key markets in which the TRATON GROUP is active, or any significant shifts in exchange rates, market regulation, energy and other commodity prices or the supply with parts relevant to the TRATON GROUP may have a corresponding effect on the business development. In addition, there may also be departures from the 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 is currently expected, or if additional risks and opportunities or other factors emerge that affect the development of the business.

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.

The percentage figures shown may be subject to rounding differences. All figures are rounded, so minor discrepancies may arise from addition of those amounts. Due to different proportions and scaling in graphs, data shown in different graphs are not comparable.

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KEY RESULTS & HIGHLIGHTS

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STRONG QUARTERLY PERFORMANCE, SUPPORTED BY INTERNATIONAL'S CATCH-UP WHILE CUSTOMERS REMAIN CAUTIOUS

Q3 2024

Unit	Sales	Adjusted	Net cash flow	Earnings per share	Incoming
sales	revenue	return on sales	TRATON		orders
			Operations

85,274	€11.9bn	9.6%	€1,279m	€1.45	64,353
+5% YoY	+5% YoY	+1.2pp YoY	+€631m YoY	+€0.05 YoY	+0% YoY

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BRANDS ARE PREPARING FOR THE FUTURE WITH ENHANCED PRODUCTS AND SOLUTIONS OFFERING

Q3 2024 Highlights

Scania showcased at the IAA its

versatile range of electric and biofuel heavy trucks, and launched new service portfolio "Service 360"

MAN presented at the IAA the new eTGL for light distribution transport and now offers a complete portfolio of eTrucks from 12 to 42 tons

Navistar announced rebranding to International, aiming at positioning itself even more as a solution provider for customers

VWTB introduced new passenger transport solution with the e-Volksbus, homologation has already started

Q3/9M 2024 Results 10/28/2024

BEV ORDERS ON THE RISE

Incoming orders of fully electric vehicles (units)

9M 24	9M 23
2,389	1,703

Unit sales of fully electric vehicles (units)

9M 24

9M 23

1,131 1,190

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GROWING UNIT SALES AND STABLE

INCOMING ORDERS IN Q3

Europe:

• Weaker truck demand and unit sales, particularly in Germany
• Positive "IAA effect" on orders in September

USA:

• Decreasing demand for Class 8 on-highway trucks; demand for medium and severe trucks remains robust
• International with unit sales catch-up post mirror supply issue

South America:

• Strong unit sales for trucks due to favorable market environment, especially in Brazil
• Restricted order intake to ensure high quality software platform at Scania

Incoming orders & Unit sales (k units)

110																		Incoming orders					Unit sales
100																							Q3 23						Q3 24
90
80																														85.3
																							81.4
70
60																														64.4
																							64.4
50
40
30
20
10
0
	Q1	Q2	Q3	Q4		Q1	Q2	Q3	Q4		Q1	Q2	Q3	Q4		Q1	Q2	Q3	Q4		Q1	Q2	Q3	Q4			Q1	Q2	Q3
		2019				2020				2021				2022				2023						2024

Q3/9M 2024 Results 10/28/2024

CLEARER PICTURE ON 2024 TRUCK MARKET DEVELOPMENT

9	Investor Relations

EU27+31 (k units, >6t)

2024e: -10%- -5% (narrowed from: -15% - -5%) (YTD September -7% | 278)

600
500
400	387
367
300	348

200

100

0

09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

North America (k units, class 6-82)

2024e: -10%- -5% (narrowed from: -15% - -5%) (YTD September -6% | 314)

600
500	445
400	423
401
300

200

100

0

09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

South America (k units, >6t)

2024e: +5% - +10% (narrowed from: 0% - +10%) (YTD August +7% | 107)

600

500

400

300

200	154170

162

100

0

09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

1 EU27+3 region (EU27 countries without Malta, plus the United Kingdom, Norway, and Switzerland)

2 USA and Canada class 6-8, Mexico class 4-8

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FINANCIAL PERFORMANCE & OUTLOOK