Volkswagen : UBS Electric & Autonomous Car Trip I Michael Obrowski

UBS EV Flagship Trip

Welcome to VW Commercial Vehicles

Hanover | September 13, 2022

Michael Obrowski I Board Member, Finance and IT at VW CV

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.

At the time of preparing these presentations, it is not yet possible to conclusively assess the specific effects of the latest developments in the Russia-Ukraine conflict on the Volkswagen Group's business, nor is it possible to predict with sufficient certainty to what extent further escalation of the Russia-Ukraine conflict will impact on the global economy and growth in the industry in fiscal year 2022.

Any changes in significant parameters relating to our key sales markets, or any significant shifts in exchange rates, energy and other commodities or commodities relevant to the Volkswagen Group or the supply with parts, 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 Such statements are valid on the date of publication and can be superseded.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.

INTERNAL

HIGHLIGHTS AND OUTLOOK 2022

CityVan SOP	ID. BUZZ World Premiere	Amarok World Premiere
March 2022	09.03.2022	07.07.2022

ARGO Test Drive	Ford Volkswagen	Global Risks
Munich / Hamburg	Alliance

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INTERNAL

DELIVERIES TO CUSTOMER JAN - JUNE 2022

BY MODEL

Caddy	Crafter	T-Models	Amarok
39,100	26,600	70,200	17,700
PY	PY	PY	PY
-21.3%	-25.3%	-26.5%	-27.4%

Rounded to Hundreds

T-Models incl. ID.BUZZ 200 veh.

WorldwidePY

153,600 -25.1%

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INTERNAL

KEY FIGURES JAN-JUNE 2022

	Compared to
	2021
Deliveries to Customers 153.6 k	- 25%

Sales Revenue

5.0 € bn

- 5%

Operating Profit

187 € m

+ 115%

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