TRATON GROUP

CREATING A GLOBAL CHAMPION

COMPANY PRESENTATION

1

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. As far as information or statements on Navistar are concerned, the same

applies to Navistar. Please note that TRATON SE has signed definitive agreements on the acquisition of Navistar but the acquisition requires a number of approvals and is therefore not yet closed.

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. As far as information or statements on Navistar are concerned, the same applies to Navistar.

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2021 / Corporate Communications / Company Presentation

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TRATON AT A GLANCE

GLOBAL CHAMPION STRATEGY

NAVISTAR ACQUISITION

SUSTAINABILITY

AGENDA

01. TRATONatt aaGlancelance

02. Global Champion Strategy

  1. Navistar Acquisition
  2. Sustainability

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TRATON AT A GLANCE

GLOBAL CHAMPION STRATEGY

NAVISTAR ACQUISITION

SUSTAINABILITY

LEADING GLOBAL BRANDS AND STRATEGIC ALLIANCE PARTNERS

FULL CONSOLIDATED

ASSOCIATES

STRATEGIC PARTNER

Leader in core markets with

Powerful strategic alliance partners

E-Mobility joint venture and

differentiated brands

enabling leading global scale

procurement joint venture

*

16.7%1

25% + 1 share2

  • Closing of Navistar acquisition expected for mid 2021.

1 As of December 31, 2020 2 Held by a subsidiary of MAN SE as of December 31, 2020

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TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY

KEY FINANCIALS BY DIVISION

Industrial Business

FY 2020

Scania V&S

MAN T&B

VWCO

Other1

Sales Revenue

€11.5 bn

€9.7 bn

€1.2 bn

€(0.3) bn

€22.2 bn

Adjusted

Operating

€802 mn

€(553) mn

€(15) mn

€(206) mn

€28 mn

Result

Adjusted RoS

7.0%

(5.7)%

(1.2)%

n/m

0.1%

Primary R&D2

€1.2 bn

Capex3

€1.0 bn

Net Cash

€0.7 bn

Flow

Financial

Services

€0.8 bn

€107 mn

11.1%

(Return on Equity4)

Group

€22.6 bn

€135 mn

0.6%

  1. Includes holdings and investments (MAN SE: holding companies, Sinotruk investment; TRATON holding: holding companies, Navistar investment, TB Digital Services), PPA (VWCO PPA - MAN origin; Scania PPA - VW origin) as well as consolidation effects.
  2. Reflecting total research and development costs comprising capitalized R&D plus period-expensed R&D.
  3. Consists of the capital expenditures in property, plant and equipment and in intangible assets (excluding capitalized development costs) that are reported in the statement of cash flows.
  4. Defined as profit before tax as % of average equity.

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Traton SE published this content on 03 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2021 09:02:06 UTC.