Leading the Transformation.

Unicredit Automotive Credit Conference 22-23 June 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.

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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.

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2

Leading the Transformation.

Sales Review Q1 2022

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

January to May 2022 vs. 2021

North America2

Car Market

VW Group

-17.6%

-28.4%

South America2

Car Market

VW Group

-4.7%

-39.6%

Europe

Car Market

VW Group

-17.9%

-23.6%

World2

Car Market

VW Group

-12.1%

-26.3%

China

Car Market

VW Group

-12.7%

-28.5%

Rest of the World

Car Market

VW Group

-1.0%

-14.1%

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 May 2022 vs. 2021

[thd. veh.]

-25.5%

4,122

3,073

-27.9%

2,259

January - May 2021

January - May 2022

Volume

Premium

Sport &

Truck &

-28.0%

-22.5%

Luxury

Bus

-8.6%

+5.8%

1,628

-22.8%

-30.8%

-27.2%

805

425

-23.4%

622

+3.5%

+3.6%

-8.6%

+5.8%

295

225

164

166

127

128

117

105

111

4

4

6

6

Volkswagen

Nutzfahrzeuge

1 Excl. Ducati

5

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Volkswagen AG published this content on 22 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2022 15:54:02 UTC.