Traton : Results 2021 Half-Year Financial Report – Presentation Investor Relations, 2021/07/28

2021 HALF-YEAR FINANCIAL REPORT

MATTHIAS GRÜNDLER, CEO | CHRISTIAN SCHULZ, CFO

Munich, 7-28-2021

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.

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AGENDA

01. H1 2021

02. Outlook

03. Back up

1. TRATON GROUP
2. Segment Industrial Business
3. Segment Financial Services
4. Appendix

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01. H1 2021

02. OUTLOOK

03. BACK UP

FIRST HALF 2021: SUMMARY & HIGHLIGHTS

H1

2021

2021

• Business recovery accelerated, despite a still challenging environment
• Incoming orders for trucks (> 6t) in all regions substantially up to 147,199 units; highest level ever in a half-year for TRATON GROUP
• Unit sales of trucks (> 6t) in all regions rose substantially to 108,665 units
• MAN Truck & Bus booked €672 mn of repositioning expenses
• Adjusted operating result significantly up to €1,128 mn
• Adjusted RoS substantially improved to 8.3%
• Strict cost management
• Net cash flow in Industrial Business increased to €527 mn
• TRATON GROUP boosts investment in electric mobility
• MAN Truck & Bus realignment launched to improve operating result
• TRATON to increasingly focus on China with future strategy
• TRATON successfully completes Navistar merger
• The TRATON GROUP, Daimler Truck and Volvo Group plan to pioneer a European high-performance charging network for heavy-duty trucks

Note: H1 2021 vs. H1 2020

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01. H1 2021

02. OUTLOOK

03. BACK UP

SECOND QUARTER 2021: KEY FIGURES FOR TRATON GROUP

Incoming orders
	(units)
	168%
	89,204
	81,742
33,270
Q2	Q1	Q2
20	21	21

Unit sales

(units)

	108%
	66,135
	60,315
31,748
Q2	Q1	Q2
20	21	21

Sales revenues

(€ mn)

	61%
		7,076
6,544
4,394
Q2	Q1	Q2
20	21	21

Operating result

(€ mn)

RoS

(%)

€+682 mn
		301
	155	4.2
	2.4
-8.7
-382
Q2	Q1	Q2
20	21	21

Adj. operating result

	(€ mn)
Adj. RoS
	(%)
€+993 mn
		612
	516
	7.9	8.6
-8.7
-382
Q2	Q1	Q2
20	21	21

Net cash flow

Industrial Business

(€ mn)

€+309 mn
	397
		130
-179
Q2	Q1	Q2
20	21	21
		5

7-28-2021 2021 Half-Year Financial Report/Investor Relations