Leading the Transformation.

Dr. Arno Antlitz, Chief Financial Officer Volkswagen AG

US Investor Roadshow with Goldman Sachs, 13 January 2022

Disclaimer

The following presentations as well as remarks/comments and explanations in this context contain forward-looking statements on the business development of the Volkswagen Group. These statements are based on assumptions relating to the development of the economic, political and legal environment in individual countries, economic regions and markets, and in particular for the automotive industry, which we have made on the basis of the information available to us and which we consider to be realistic at the time of going to press. The estimates given entail a degree of risk, and actual developments may differ from those forecast.

Any changes in significant parameters relating to our key sales markets, or any significant shifts in exchange rates or commodities or the supply with parts relevant to the Volkswagen Group or deviations in the actual effects of the Covid- 19 pandemic from the scenario presented will have a corresponding effect on the development of our business. In addition, there may be departures from our 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 we are currently expecting, or if additional risks and opportunities or other factors emerge that affect the development of our business.

We do not update forward-looking statements retrospectively. Such statements are valid on the date of publication and can be superseded.

This information does not constitute an offer to exchange or sell or an offer to exchange or buy any securities.

2

Arno Antlitz

Rolf Woller

Chief Financial Officer

Head of Group Treasury and

Volkswagen AG

Investor Relations

3

Development World Car Market vs. Volkswagen Group Car Deliveries to Customers by Regions1

January to December 2021 vs. 2020

North America2

Car Market

VW Group

+11.8%

+3.9%

South America2

Car Market

VW Group

+12.9%

-0.8%

Europe

Car Market

VW Group

-1.0%

-3.0%

World2

Car Market

VW Group

+4.2%

-5.6%

China

Car Market

VW Group

+4.4%

-14.1%

Rest of the World

Car Market

VW Group

+11.8%+7.2%

1 Volkswagen Group Passenger Cars excl. Ducati and TRATON; 2 incl. VW LCV in North America & South America

4

Volkswagen Group - Deliveries to Customers by Brands 1

(January to December 2020 vs. 2021)

[thd. veh.]

-4.5%

9,305

8,882

January - December 2020

January - December 2021

Volume

Premium

Sport &

Truck &

-7.4%

-0.5%

Luxury

Bus

+10.9%

+42.6%

-8.1%

5,328

4,897

-0.7%

-12.6%

+10.3%

-3.2%

1.693 1.681

+10.9%

1,005

878

+13.1%

+30.8%

+42.6%

471

427

372

360

15

272

302

190

271

7

8

11

Volkswagen

1 Excl. Ducati

5

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Volkswagen AG published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 11:20:05 UTC.