Traton : Zwischenmitteilung 9M 2023 – Präsentation (in Englisch) , 25.10.2023

Christian Levin, CEO | Dr. Michael Jackstein, CFO & CHRO

9M 2023 Interim Statement, Munich, 10-25-2023

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.

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.

10-25-2023 9M 2023 Interim Statement | Investor Relations

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TRATON 9M 2023 Interim Statement

Your presenters today

		Dr. Michael Jackstein
Christian Levin
CEO		CFO and CHRO

10-25-2023 9M 2023 Interim Statement | Investor Relations

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TRATON 9M 2023 Interim Statement

1. Key results & highlights
2. Review of financial performance
3. Full year outlook 2023
4. Backup

10-25-2023 9M 2023 Interim Statement | Investor Relations

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Sustained strong earnings performance

Q3 2023

Incoming orders 64.4k (-30%)

Unit sales 81.4k (+2%)

Sales revenue €11.3 bn (+7%)

Vehicle Services business €2.1 bn (-3%)

Adj. oper. result €955 mn (+€406 mn)

Adj. RoS 8.4% (+3.2 pp)

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TRATON GROUP highlights

Navistar Financial re-launches		Scania's battery assembly		VWTB delivers Argentina's
retail capabilities		starts operations		first electric truck

First MAN eBus		Navistar joins		Scania Super: the most fuel-efficient
delivered in Africa		UN Global Compact		truck in comparison test

10-25-2023 9M 2023 Interim Statement | Investor Relations

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Demand normalizing with continued high levels of unit sales

Incoming orders

(k units)

			9M 23
			189.6
			(-26%)
		-30%
92.0
	78.4
		68.5	64.4
			56.8
Q3	Q4	Q1	Q2	Q3
22	22	23	23	23

Unit sales

(k units)

			9M 23
			249.5
		(+15%)
		+2%
79.8	88.3	84.6	83.5	81.4
Q3	Q4	Q1	Q2	Q3
22	22	23	23	23

Incoming orders lower year-on-year compared to high prior-year basis due to a normalization of demand; book-to-bill at 0.8x.

Order book and lead times further reduced, but still on high levels.

Unit sales up year-on-year driven by an increasing stabilization of supply chains and higher production levels.

10-25-2023 9M 2023 Interim Statement | Investor Relations

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Demand remains at high level, but normalization of demand and active order book management

Incoming orders & Unit sales (k units)

Scania Vehicles & Services	MAN Truck & Bus
50					50
40					40
30					30
20					20
10					10
0					0
Q3	Q3	Q3	Q3	Q3	Q3	Q3	Q3	Q3	Q3
19	20	21	22	23	19	20	21	22	23
Navistar Sales & Services	Volkswagen Truck & Bus
50					50
40					40
30					30
20					20
10					10
0	Q3	Q3	Q3	Q3	0	Q3	Q3	Q3	Q3
Q3	Q3
19	20	21	22	23	19	20	21	22	23

Europe: Demand weakening in some markets, economic uncertainties and financing headwinds leading to a more normalized demand situation.

North America: Continued healthy demand on the back of high replacement needs. Limitedopening of order books so far in the US for 2024 due to high order backlog.

South America: Overall market affected by market weakness. In Brazil, order intake in the heavy-duty truck segment has recovered recently.

10-25-2023 9M 2023 Interim Statement | Investor Relations

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TRATON 9M 2023 Interim Statement

1. Key results & highlights
2. Review of financial performance
3. Full year outlook 2023
4. Backup

10-25-2023 9M 2023 Interim Statement | Investor Relations

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Top-line growth driven by higher new vehicle sales

Sales revenue

(€ bn)
			9M 23
			34.2
			(+20%)
		+7%
	11.8	11.2	11.7	11.3
10.6
2.2	2.2	2.2	2.2	2.1
Q3 22	Q4 22	Q1 23	Q2 23	Q3 23

Sales revenue increased to €11.3 bn, up by 7% compared to high prior-year basis.

Higher unit sales of new vehicles, a favorable market and product mix and better unit price realization driving top-line growth.

Vehicle Services business supported by continued high customer demand.

Vehicle Services business

10-25-2023 9M 2023 Interim Statement | Investor Relations

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