Traton Group – Creating a Global Champion

TRATON GROUP – CREATING A GLOBAL CHAMPION

ANALYST & INVESTOR FACTBOOK

APRIL 2021 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. IHS Markit Data referenced herein are the copyrighted property of IHS Markit Ltd. and its subsidiaries (“IHS Markit”). The IHS Markit Data are from sources considered reliable; however, the accuracy and completeness thereof are not warranted, nor are the opinions and analyses published by IHS Markit representations of fact. The IHS Markit Data speak as of the original publication date thereof and are subject to change without notice. IHS Markit and other trademarks appearing in the IHS Markit Data are the property of IHS Markit or their respective owners. The percentage figures shown may be subject to rounding differences. Due to different proportions and scaling in graphs, data shown in different graphs is not comparable.

April 2021 / Investor Relations / Analyst & Investor Factbook 2 AGENDA

01. TRATON at a Glance 02. Truck Industry 03. Business Overview 04. Global Champion Strategy 05. Navistar Acquisition 06. Sustainability 07. Shares 08. Debt & Rating 09. Financials 10. IR Team 11. Useful Links & Glossary

April 2021 / Investor Relations / Analyst & Investor Factbook 3 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY LEADING GLOBAL BRANDS WITH STRATEGIC ALLIANCE PARTNERS

FULL CONSOLIDATED ASSOCIATES STRATEGIC PARTNER

Leader in core markets Powerful strategic alliance partners E-Mobility joint venture and with differentiated brands enabling leading global scale procurement joint venture

16.7%1 25%+1 share2

Closing of Navistar acquisition expected mid-2021 1 As of December 31, 2020 2 Held by a subsidiary of MAN SE as of December 31, 2020 April 2021 / Investor Relations / Analyst & Investor Factbook 4 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY A PORTFOLIO OF LEADING TRUCK BRANDS LEVERAGING PARTNERSHIPS

Relates to % of total TRATON ALLIANCE PARTNERSHIPS TRATON Closing of unit sales in 2020 (excl. Navistar acquisition expected mid-2021 ASSOCIATES STRATEGIC PARTNER associates and strategic partner)

16.7%3 stake 25%+1 share7 Premium innovation Value package and Best value for money #4 position and #3 position and #1 position and 36% Highlights leader for sustainable full-line offering and tailor-made 13% market share4 in 16% market share8 market share10 in Japan & transport solutions products North America 2019 in China 2019 Southeast Asia 2019 Home base Europe and Brazil Europe Brazil North America China Japan Trucks 67 762 31 555 4599 n/a 1 Unit sales (k) 6 Last fiscal year Buses 5 5 6 11 0.2 n/a Total 72 82 37 66 460 17411

Heavy-duty trucks 70%

Medium-/light- 21% duty trucks

Buses and 9% coaches

Source: IHS Markit, company information Note: market share data based on IHS Markit for trucks > 15t. Total number of trucks sold by Scania, MAN and VWCO in 2020 different from reported 191 k number for TRATON due to consolidation effects. 1 Unit sales per fiscal year (Scania, MAN T&B, VWCO, Sinotruk fiscal year-end December 31, 2020; Navistar fiscal year-end October 31, 2020; Hino fiscal year-end March 31, 2020). 2 Including MAN TGE vans. 3 As of December 31, 2020 4 Truck market share of Navistar in North America. 5 Includes chargeouts for core markets, non “core” defense and other markets. Other markets primarily consist of Class 4/5 vehicles, export truck, Mexico, and post-sale Navistar Defense. Other markets include certain Class 4/5 vehicle chargeouts of 7,300 GM-branded units sold to GM. 6 Chargeouts of buses in core markets. 7 Held by a subsidiary of MAN SE as of December 31, 2020 8 Truck market share of CNHTC in Greater China. 9 Including LDT unit sales. 10 Truck market share of Hino in Japan and Southeast Asia (Indonesia, Australia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam). 11 Unit sales split not disclosed; excl. Toyota unit sales. April 2021 / Investor Relations / Analyst & Investor Factbook 5 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY FROM LIGHT TO HEAVY VEHICLES, COVERING ALL SEGMENTS OF THE TRANSPORTATION INDUSTRY

TRUCKS (URBAN, HAULAGE, OFF-ROAD, SPECIAL)

Fire Engine Concrete Mixer Shipping Container Transport Aircraft Refueling Vehicle Transport Fuel Transport Timber Transport Airport De-icing Heavy-Haulage Transport

Bulk Transport Selected truck and bus applications – not exhaustive Concrete Pump Tipper

Refuse Collection Livestock Transport Bulk Transport Turntable Ladder Road Sweeping Skip Loader Grain Transport Flatbed with Crane Airport Crash Tender Hook Lift Mobile Crane

BUSES AND COACHES

April 2021 / Investor Relations / Analyst & Investor Factbook 6 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY KEY MANUFACTURING FACILITIES

Engine plant One or multiple component plant One or multiple assembly plant Mixed assembly and component plant EUROPE Other small production and assembly sites (main sites) Poland Austria Kraków Steyr site is being discussed, incl. selling Steyr or relinquishing Sweden France Södertälje Angers Germany Turkey Munich Ankara Nuremberg Netherlands Zwolle

SOUTH AMERICA (selected sites) 17 Countries Brazil Resende Production and assembly 29 São Paulo site in total

April 2021 / Investor Relations / Analyst & Investor Factbook 7 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY DIVERSIFIED BY GEOGRAPHY AND BY BRAND

UNIT SALES FY 2020 (% of total) SALES REVENUE FY 2020 (% of total)

Financial Services Other Germany VW Caminhões e Ônibus 4% 19% 17% 5%

S. America (excl. Brazil) 4% MAN Truck & Bus 42%

Brazil Other EU27+3 21% 1 Scania Vehicles & (excl. Germany) Services Industrial Business 39% 50% 96%

190 k Units Sold €22.6 bn Sales Revenue

Note: TRATON including Financial Services, excl. consolidation; rounding differences possible. 1 EU27+3 region (EU27 countries without Malta, plus the United Kingdom, Norway, and Switzerland) April 2021 / Investor Relations / Analyst & Investor Factbook 8 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY MAJOR MILESTONES FOR TRATON GROUP

DEBUT TRATON SYNDICATED NEXT: ENTRY TO INNOVATION DAY RCF €3.75 BN 2019 TRATON NORTH AMERICAN WANTS TO BECOME MARKET 8TRA TRATON LEADER IN E- LISTED IN MOBILITY NEW CORPORATE FRANKFURT & TRATON BOND MARKET DEBUT IDENTITY: VWTB STOCKHOLM WITH €3.0 BN INAUGURAL BECOMES TRATON SE TRANSACTION

April 2021 / Investor Relations / Analyst & Investor Factbook 9 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY SNAPSHOT – STRATEGIC AND PRODUCT HIGHLIGHTS 2020

The TRATON GROUP successfully followed its Global Champion Strategy Strategy

November November October September TRATON GROUP to expand presence Agreement for acquisition TRATON and Hino start Global Partnership with TuSimple

in China of Navistar e-mobility Joint Venture for Autonomous Trucks Products

September September May February New VWCO heavy-duty Scania introduces Scania to deliver 75 battery electric MAN introduces trucks (Meteor) first electric truck range trucks to ASKO new Truck Generation

April 2021 / Investor Relations / Analyst & Investor Factbook 10 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY STRONG AND EXPERIENCED MANAGEMENT

EXECUTIVE BOARD

34 21 26 Matthias Gründler1 (CEO) Christian Schulz (CFO) Christian Levin1 (COO)

23 30 41 Henrik Henriksson1 Dr. h.c. Andreas Tostmann Antonio Roberto Cortes (CEO Scania) (CEO MAN) (CEO VWCO)

Years of experience in the automotive/commercial vehicle industry 1 Starting May 01, 2021 Christian Levin is appointed as the new CEO and President of Scania and will remain member of the TRATON SE Executive Board in addition to his new function. On May 01, 2021 Henrik Henriksson is leaving TRATON and Scania. Matthias Gründler will additionally assume Christian Levin’s function within the TRATON SE Executive Board on an interim basis from May 01, 2021 on. April 2021 / Investor Relations / Analyst & Investor Factbook 11 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY CORPORATE GOVERNANCE ̶ TWO-TIER BOARD STRUCTURE WITH INDEPENDENCE SECURED BY SUPERVISORY BOARD COMPOSITION CORPORATE BODIES OF TRATON SE

ANNUAL GENERAL MEETING

Shareholders exercise their rights in relation to the corporation‘s affairs. These include the shareholders exercising their voting rights, being provided with information, and entering into a dialogue with the Executive and Supervisory Boards.

SUPERVISORY BOARD EXECUTIVE BOARD

The Supervisory Board is responsible for monitoring the management The members of the Executive Baord are responsible for managing the team and approving important corporate decisions. It appoints the company in accordance with the law, the Articles of Association and its members of the Executive Board. It comprises 20 members with equal bylaws as well as taking into account the resolutions of the Annual number of international shareholder and employee representatives. General Meeting. It represents the Company in relation to third parties.

Three committees established. The main role of the committees is to The Executive Board reports to the Supervisory Board regularly, prepare Supervisory Board resolutions. promptly, and comprehensively in both written and oral form on all issues of relevance for the Company with regard to strategy, planning, Presiding Committee & Audit Committee and the position of the Company, the development of the business, the 6 members with equal number of shareholder and employee risk situation, risk management, and compliance. representatives 6 members Nomination Committee (CEO, CFO, COO, CEO Scania, CEO MAN Truck & Bus, CEO VWCO) 3 members, consists of shareholder representatives

April 2021 / Investor Relations / Analyst & Investor Factbook 12 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY POSITIVE TRUCK MARKET OUTLOOK, DEPENDING HEAVILY ON COVID-19 DEVELOPMENT (STATUS UPDATE AS OF MARCH 22, 2021) TRUCK MARKET EXPECTATIONS (˃ 6t, k units)

Market expectations2 2021e +10% – +25%

Market expectations2 2021e +10% – +40%

Market expectations2 2021e +5% – +20%

1 EU27+3 region (EU27 countries without Malta, plus the United Kingdom, Norway, and Switzerland) 2 Includes estimates from different institutes, companies, and data/information services. Source: Historical data based on own calculations and estimates. April 2021 / Investor Relations / Analyst & Investor Factbook 13 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON OUTLOOK 2021 – RECOVERY AFTER STRONG DECLINE (STATUS UPDATE AS OF MARCH 22, 2021)

FY 2019 FY 2020 FY 2021 Outlook1

242.2 k 190.2 k Sharp Unit sales +4% -21% increase

€26.9 bn €22.6 bn Substantial Group sales revenue +4% -16% increase

Operating return on sales 7.0% 0.4% 5.0 – 6.0% & operating result2 €1.9 bn €81 mn

Cash conversion rate3 179% n/a4 25 – 35% (Industrial Business)

1 Before expenses from the MAN Truck & Bus restructuring program and effects from the planned acquisition of Navistar International Corporation. 2 FY 2019: adjusted RoS 7.0%, adjusted operating result €1.9 bn; FY 2020: adjusted operating RoS 0.6%, adjusted operating result €135 mn 3 Calculated as the ratio of net cash flow to profit after tax; cash conversion rate in FY 2019 was positively affected by the proceeds of approximately €2.0 bn from the disposal of the Power Engineering business. 4 In FY 2020, the negative earnings after tax did not result in any meaningful cash conversion rate. April 2021 / Investor Relations / Analyst & Investor Factbook 14 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON GROUP UNIQUELY POSITIONED FOR PROFITABLE GROWTH

• Scania: enters harvesting period on New Truck Generation, profits from THREE STRONG BRANDS… improvement of cost base, and attractive aftermarket and service growth • MAN T&B: enters new era of profitability post ramp-up of new truck generation and company’s comprehensive realignment • VWCO: benefits from Brazil market recovery and broader, renewed product portfolio amongst others with a new family of heavy-duty trucks

• Significant synergy potential among TRATON GROUP brands and with …CREATING A GLOBAL alliance partners CHAMPION… • Partnership approach creates scale and access to global profit pools • Monetize on customer-focused innovation and ensure efficient capital allocation

• Longstanding industry experience …WITH HIGHLY • Proven track record EXPERIENCED TEAM • Commitment to deliver the Global Champion Strategy

April 2021 / Investor Relations / Analyst & Investor Factbook 15 AGENDA

April 2021 / Investor Relations / Analyst & Investor Factbook 16 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRUCKS ARE CAPITAL GOODS – PURCHASE DECISIONS ARE BASED ON RATIONAL FACTORS: TOTAL COST OF OWNERSHIP (TCO)

TRUCKS PASSENGER CARS

Sector Capital goods Consumer goods

Customer focus Total cost of ownership Costs | Emotion | Prestige Customer expectations Annual mileage (km) ~130,000 ~10x ~14,0001

Fuel consumption (l/100 km) ~30-352 ~5x ~4-73

Product Product lifecycle (years) > 10 ~2x ~4-5

Vehicles sold annually ~3 mn4 ~80 mn5

Source: IHS Markit, ICCT, Kraftfahrt-Bundesamt, VDA 1 Average mileage driven in 2017 by passenger vehicles registered in Germany. 2 Fuel consumption for tractor-trailers over long-haul operation. 3 Fuel consumption for passenger cars in EU28+2 (urban and extra-urban). 4 IHS Markit 2018 total global market. 5 VDA data for total global market figure. April 2021 / Investor Relations / Analyst & Investor Factbook 17 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY PURCHASING DECISIONS ARE DRIVEN BY TOTAL COST OF OWNERSHIP (TCO)

ADMIN AND SELECTED KEY ELEMENTS SERVICES FUEL VEHICLE Annual mileage, driving behavior, powertrain efficiency

REPAIR AND DRIVER MAINTENANCE Driver salary, related costs TCO breakdown1 FUEL REPAIR AND MAINTENANCE Usage pattern, cost/frequency of repair & maintenance, uptime

DRIVER VEHICLE Purchasing costs, vehicle specification, residual value

Key Value Drivers ADMIN AND SERVICES Purchasing Operational Residual General & administrative processes, driver & vehicle and cost cost value fleet management

1 Chart representative for German HDT market; indicative - depending on usage pattern April 2021 / Investor Relations / Analyst & Investor Factbook 18 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GLOBAL VIEW ON TRUCKS

North America Russia

Conventional trucks with Powerful products with four engine in front - driven by wheel drive; relatively high comfort and safety low-tech – driven by requirements market needs

Brazil Europe China

Advanced products built by High-tech products in Fast-follower driven by European OEMs – in response cabover style – driven by regulations, infrastructure to high safety requirements strict regulations and and professionalization customer needs

April 2021 / Investor Relations / Analyst & Investor Factbook 19 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY ROAD TRANSPORT ACCOUNTS FOR OVER HALF OF ALL TONNE-KILOMETRES PERFORMED IN THE EU

MODAL SPLIT OF FREIGHT TRANSPORT TREND (2018, %, bn tonne-kilometres) • Total transport performance by these five modes of INLAND transport increased by 12.0% from 2013 to 2018 WATERWAYS AIR (4%, 135) (0%, 14) RAIL • Transport performance for road increased by 12.7% from (13%, 425) 2013 to 2018, relative share of road transport has increased by 0.3 pp

• Relative shares of maritime transport has increased by ROAD 0.9 pp from 2013 to 2018, while the share of rail and (52%, 1,709) MARITIME inland waterways transport have decreased (30%, 979) (-0.2 pp and -1.1 pp, respectively)

• Share of air transport remained unchanged

Note: EU27, only intra-EU transport (transport to/from countries of the EU) and excluding extra-EU transport Source: Eurostat April 2021 / Investor Relations / Analyst & Investor Factbook 20 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY EVEN DISTRIBUTION OF SHORT- AND LONG-HAUL TRANSPORT – STRONGEST GROWTH IN MID AND LONG DISTANCES 2010 2018 VEHICLE KILOMETER [bn vkm] CAGR 2010-18 [%] Share 2018 [%]

12.7 <50 km -0.6% 8% 12.2 Short-haul 25.6 50-149 km 1.3% 18% 48% 28.4

31.1 150-299 km 1.4% 22% 34.7

23.9 300-499 km 1.3% 17% 26.6

28.3 500-999 km 0.7% 19% 29.9 Long-haul 52% 18.9 1.000-1.999 km -0.1% 12% 18.7

3.7 >2.000 km 3.2% 3% 4.8

Source: Eurostat April 2021 / Investor Relations / Analyst & Investor Factbook 21 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY EMISSION REGULATIONS TO REMAIN ONE DRIVER FOR THE TRUCK INDUSTRY

EU CO2 REDUCTION TARGETS COMMENTARY (Based on reference July 1, 2019 – June 30, 2020)1

• Recent introduction of CO2 emission targets for heavy-duty vehicles in Europe - legislation sets out a two-track approach: 2025E 2030E 1) Technological fixes to diesel engines to reduce emissions (near-term measures) 2) In the long term, raising penetration and uptake of alternative powertrains • Legislation to be extended to smaller trucks, vocational vehicle, coaches, -15% buses, and trailers at a later stage

• CO2 reduction target for 2030 to be revisited in 2022 • Potential super-credits from 2019-2024 for ZEV • Access restrictions in cities expected to further drive electrification -30% • Besides emission regulation, safety standards are key regulatory drivers in the industry

1 Legislation introduced by the European Parliament in April 2019. April 2021 / Investor Relations / Analyst & Investor Factbook 22 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRUCK INDUSTRY IS HIGHLY CONSOLIDATED IN KEY MARKETS

HIGH BARRIERS TO ENTRY LIMITED NUMBER OF GLOBAL PLAYERS

• Trucks are highly customized products given Heavy-duty trucks market share 2018 held by Customization & heterogeneous customer requirements top 3 in each region regulation • Products need to meet strict regulatory standards Europe1 76%4 • Large and dense service network important given high uptime requirements for trucks Service network • Need for high service quality North 84%5 America2

• Competitive R&D and innovation capabilities South Technology • Continuous innovation for brand positioning and 74%6 to reduce total cost of ownership (TCO) America3

1 EU28+2 region consisting of EU member states plus Norway and Switzerland. Luxembourg excluded, as no IHS Markit data available. 2 Canada, Mexico, United States 3 Incl. Argentina, Brazil, Bolivia, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Peru, Uruguay, Venezuela; excl. Mexico (part of North America); excl. Paraguay, as no IHS Markit data for trucks > 15t available 4 Incl. TRATON, Volvo Trucks, Daimler Trucks 5 Incl. Daimler Trucks, Paccar, Volvo Trucks 6 Incl. TRATON, Daimler Trucks, Volvo Trucks Source: IHS Markit April 2021 / Investor Relations / Analyst & Investor Factbook 23 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY OUTLOOK FOR TRATON'S CORE MARKETS IN GENERAL POSITIVE – DESPITE SHORT-TERM DISRUPTION DUE TO THE COVID-19 PANDEMIC TRUCK UNIT SALES GLOBAL TRENDS IN THE (> 6t)1, in k units TRANSPORTATION INDUSTRY

600 • Global GDP is expected to continue to 545 grow with transportation volume growing 521 around twice the pace 500 449 US • World population growth to 10 billion by 400 2050 to drive demand for freight 348 Western transportation 300 Europe2 • Continuous strong rise of online business 200 238 being in need of transportation solutions 194 South 3 100 America • Good existing road infrastructure and 72 lower cost solution 0 1980 1985 1990 1995 2000 2005 2010 2015 2020 • Urbanization driving increased demand for flexible transportation

1 Western Europe and US data based on VDA, South America data based on IHS Markit. 2 EU15 + EFTA: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, United Kingdom + Iceland, Liechtenstein, Norway and Switzerland. 3 Incl. Argentina, Brazil, Bolivia, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Peru, Uruguay, Venezuela; excl. Mexico (part of N. America); excl. Paraguay, as no IHS Markit data for trucks > 6t available. Source: Verband der deutschen Automobilindustrie (VDA data), IHS Markit, Transparency Market Research, UN – Population Division (2019 Revision) April 2021 / Investor Relations / Analyst & Investor Factbook 24 AGENDA

April 2021 / Investor Relations / Analyst & Investor Factbook 25 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY KEY FINANCIALS BY DIVISION

Industrial Business Financial Group FY 2020 Scania V&S MAN T&B VWCO Other1 Services

Sales Revenue €11.5 bn €9.7 bn €1.2 bn €(0.3) bn €22.2 bn €0.8 bn €22.6 bn

Adjusted Operating Result €802 mn €(553) mn €(15) mn €(206) mn €28 mn €107 mn €135 mn

11.1% Adjusted RoS 7.0% (5.7)% (1.2)% n/m 0.1% 0.6% (Return on Equity4)

Primary R&D2 €1.2 bn

Capex3 €1.0 bn

Net Cash Flow €0.7 bn

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 result before tax as % of average equity. April 2021 / Investor Relations / Analyst & Investor Factbook 26 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY INDUSTRIAL BUSINESS – INCOMING ORDERS AND UNIT SALES

INCOMING ORDERS (k units and % of total) UNIT SALES (k units and % of total) Book-to-bill1

1.04 1.12 1.05 0.94 1.14

243.7 242.2 229.1 233.0 23.9 9.8% 227.2 21.5 8.9% 216.3 9.7% 20.5 9.0% 21.0 9.3% 204.9 22.6 14.6 6.8% 190.6 183.6 19.2 9.4% 190.2 16.2 8.5% Buses 17.7 9.3% Buses 17.8 9.7%

90.2% 91.1% 91.0% 219.8 90.7% 93.2% 90.3% 220.7 208.6 206.2 201.6 90.6% 210.4 2 90.7% 2 90.3% 185.7 91.5% Trucks 172.9 Trucks 165.8 174.0

2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Note: Totals taking into account consolidation effects at Group level. 1 Book-to-bill is defined as the ratio of truck and bus units ordered to truck and bus units delivered in a given period. 2 Including MAN TGE vans April 2021 / Investor Relations / Analyst & Investor Factbook 27 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY INDUSTRIAL BUSINESS – SALES REVENUE AND ADJUSTED OPERATING RESULT

SALES REVENUE (€ bn) ADJUSTED OPERATING RESULT (€ bn) Adjusted RoS (%) Adjusted RoS (%)

3.1% 5.6% 5.9% 6.5% 0.1% 8.7 % 9.4% 9.3% 10.8% 7.0%

4.4% 4.8% 5.0% 3.3% (5.7)%

26.4 (15.6)% (8.8)% 2.0% 2.5% (1.2)% 25.0 23.4 1.7 1.4 22.2 21.0 1.2 1.2 1.7 0.9 1.5 11.1 1.3 0.0 10.8 0.0 10.0 0.7 0.4 9.2 9.7 0.5 0.5 0.4 0.0 1.5 1.2 1.2 1.0 0.8 12.4 13.0 13.9 11.0 11.5 (0.1) (0.1) 0.0 (0.6) 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020

VWCO MAN Scania VWCO MAN Scania

Note: Totals shown net of eliminations. April 2021 / Investor Relations / Analyst & Investor Factbook 28 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY INDUSTRIAL BUSINESS – CAPITAL EXPENDITURE AND R&D COSTS

CAPITAL EXPENDITURE1 (€ bn) PRIMARY RESEARCH & DEVELOPMENT COSTS2 (€ bn) In % of sales revenues In % of sales revenue

5.1% 4.7% 3.8% 3.9% 4.8% 6.2% 6.1% 5.7% 5.2% 5.3%

1.1 1.4 1.1 1.4 1.4 1.0 1.1 1.3 1.0 1.2

2016 2017 2018 2019 2020 2016 2017 2018 2019 2020

1 Including investments in intangible assets (excluding development costs), property, plant, and equipment, and investment property, acquisition of subsidiaries, and acquisition of other equity investments; from continuing operations . 2 Contain both capitalized development costs and research and development costs not eligible for capitalization. April 2021 / Investor Relations / Analyst & Investor Factbook 29 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY INDUSTRIAL BUSINESS – AFTERMARKET SALES AND SERVICES PROVIDING ADDITIONAL STABILITY TO PROFITABILITY AND CASH FLOWS

FY 2020 Future

After Sales1 Higher penetration of subscription-type Higher average service sales revenue 21% service contracts globally per vehicle over vehicle lifetime

Share of vehicles with subscription-type service Service sales revenue per vehicle contract High

Industrial Business sales revenue

Low 1st Use 2nd Use 3rd Use 0 1 2 3 4 5 6 7 8 2 2 2 (0-4 years) (5-8 years) (thereafter) Vehicle Age (Years) Penetration Future penetration New Vehicles & Others today potential Today Future potential 79%

Service sales revenue growth targeted to outpace vehicles sales revenue growth

1 Including spare parts and workshop services. 2 Denotes vehicle age. April 2021 / Investor Relations / Analyst & Investor Factbook 30 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY FINANCIAL SERVICES – OVERVIEW SOLUTIONS CURRENT OFFERING

Operating lease Financial lease

• Scania Financial Services is • MAN branded Financial • No separate branding a fully integrated captive Services front-end (part of • VWCO part of VW financial service provider VW Financial Services) Financial Services Loans Insurance • Scania Financial Services • Represented in operates with its own approximately 23 back-office independently countries through of VW Financial Services subsidiaries and cooperation arrangements CREDIT PORTFOLIO AS OF FY 2020 FY 2020 Avg. equity €966 mn Scania has its own Financial services unit Earnings before tax while VW Financial Services provides financial services Financial €107 mn business for MAN T&B and VWCO. leases ~€9.5 bn Loans Penetration rate1 TRATON is currently assessing whether to have a captive and Operating 40% integrated Financial Services unit to be implemented at leases Group level. Insurance gross income ~€31 mn

1 The penetration rate refers to the percentage of trucks sold by Scania in the markets where Scania Financial Services is represented, that are financed by Scania Financial Services. April 2021 / Investor Relations / Analyst & Investor Factbook 31 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY FINANCIAL SERVICES – OPERATING RESULT AND EQUITY RATIO

OPERATING RESULT (€ mn) EQUITY RATIO (%)

Return on equity1 Bad debt ratio3 16.1% 15.9% 19.2% 16.9% 11.1% 0.25% 0.14% 0.22% 0.33% 0.73%

Financing income2 (€ mn) Write-off ratio 709 721 760 849 791 0.15% 0.14% 0.10% 0.28% 0.32%

138 142 9.4% 9.7% 9.0% 8.9% 8.9% 105 111 107

2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 1 Defined as earnings before tax as % of average equity 2 Interest income and lease income 3 Bad debt expenses in percent of the average credit portfolio April 2021 / Investor Relations / Analyst & Investor Factbook 32 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY FINANCIAL SERVICES – NET PORTFOLIO AND PENETRATION RATE

NET PORTFOLIO1 (€ bn) PENETRATION RATES2 (%)

9.9 46.1% 9.5 43.0% 42.9% 41.9% 8.7 40.4% 7.8 7.1

2016 2017 2018 2019 2020 2016 2017 2018 2019 2020

1 Reflecting closing balances; net portfolio defined as gross portfolio less bad debt provisions; growth excl. currency effects. 2 Trucks only. April 2021 / Investor Relations / Analyst & Investor Factbook 33 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP & INDUSTRIAL BUSINESS – DATA AT A GLANCE

INCOMING ORDERS (units) Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 FY 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 FY 2020 Industrial Business 67,359 60,184 52,925 63,246 243,714 64,357 56,134 49,217 57,532 227,240 54,161 33,270 58,502 70,318 216,251 MAN Truck & Bus 30,180 29,441 24,065 29,229 112,915 29,866 25,012 20,834 24,940 100,652 24,098 14,094 21,553 25,176 84,921 Scania V&S 29,759 22,744 19,986 24,957 97,446 26,703 22,086 17,792 22,158 88,739 20,671 13,602 25,934 32,733 92,940 VWCO 7,979 8,836 9,654 10,066 36,535 8,917 10,445 11,091 10,650 41,103 9,517 5,658 11,112 12,518 38,805 Consolidation (559) (837) (780) (1,006) (3,182) (1,129) (1,409) (500) (216) (3,254) (125) (84) (97) (109) (415)

Industrial Business 67,359 60,184 52,925 63,246 243,714 64,357 56,134 49,217 57,532 227,240 54,161 33,270 58,502 70,318 216,251 Trucks (excl. MAN TGE vans) 58,944 51,138 45,269 54,387 209,738 55,150 46,329 40,679 48,816 190,974 44,054 26,838 50,264 61,246 182,402 Buses 6,360 6,460 5,382 5,687 23,889 5,379 5,904 5,140 4,609 21,032 5,558 2,544 3,198 3,311 14,611 MAN TGE vans 2,055 2,586 2,274 3,172 10,087 3,828 3,901 3,398 4,107 15,234 4,549 3,888 5,040 5,761 19,238

UNIT SALES (units) Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 FY 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 FY 2020 Industrial Business 53,221 58,913 54,194 66,664 232,992 57,163 66,173 55,755 63,128 242,219 45,990 31,748 49,922 62,520 190,180 MAN Truck & Bus 22,066 26,974 23,001 30,515 102,556 24,972 29,056 22,482 28,377 104,887 18,166 13,496 21,881 28,130 81,673 Scania V&S 22,640 24,138 21,861 27,836 96,475 23,576 27,948 23,196 24,737 99,457 18,184 12,253 17,298 24,350 72,085 VWCO 8,776 8,559 10,023 9,004 36,362 9,842 10,542 11,167 10,340 41,891 9,860 6,027 10,885 10,202 36,974 Consolidation (261) (758) (691) (691) (2,401) (1,227) (1,373) (1,090) (326) (4,016) (220) (28) (142) (162) (552)

Industrial Business 53,221 58,913 54,194 66,664 232,992 57,163 66,173 55,755 63,128 242,219 45,990 31,748 49,922 62,520 190,180 Trucks (excl. MAN TGE vans) 46,774 50,931 47,363 57,424 202,492 49,831 56,015 47,359 52,730 205,935 38,532 25,602 40,294 51,943 156,371 Buses 5,112 6,139 5,142 6,236 22,629 4,210 6,014 5,551 5,721 21,496 4,030 3,219 4,591 4,334 16,174 MAN TGE vans 1,335 1,843 1,689 3,004 7,871 3,122 4,144 2,845 4,677 14,788 3,428 2,927 5,037 6,243 17,635

April 2021 / Investor Relations / Analyst & Investor Factbook 34 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP & INDUSTRIAL BUSINESS – DATA AT A GLANCE

SALES REVENUES (€ mn) Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 FY 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 FY 2020 Group 6,051 6,558 6,014 7,303 25,927 6,413 7,128 6,286 7,075 26,901 5,679 4,394 5,667 6,839 22,580 Industrial Business 5,765 6,303 5,770 7,124 24,963 6,305 7,015 6,171 6,953 26,444 5,564 4,290 5,565 6,736 22,156 MAN Truck & Bus 2,443 2,751 2,453 3,168 10,815 2,615 2,908 2,467 3,098 11,088 2,267 1,812 2,487 3,092 9,659 Scania V&S 3,029 3,293 3,015 3,644 12,981 3,350 3,765 3,312 3,507 13,934 2,982 2,287 2,825 3,428 11,521 VWCO 343 331 370 377 1,421 416 444 468 410 1,738 383 229 319 305 1,235 Other (50) (71) (68) (65) (254) (76) (102) (75) (62) (315) (69) (37) (65) (89) (260) Financial Services 179 201 193 186 760 203 216 215 215 849 216 197 200 208 820 Consolidation/Others 106 54 51 (7) 204 (95) (104) (100) (93) (392) (101) (93) (98) (104) (396)

Group 6,051 6,558 6,014 7,303 25,927 6,413 7,128 6,286 7,075 26,901 5,679 4,394 5,667 6,839 22,580 Industrial Business 5,765 6,303 5,770 7,124 24,963 6,305 7,015 6,171 6,953 26,444 5,564 4,290 5,565 6,736 22,156 New vehicles 3,602 4,119 3,677 4,818 16,216 4,057 4,792 3,937 4,601 17,387 3,290 2,393 3,331 4,372 13,385 After Sales1 1,183 1,176 1,159 1,212 4,730 1,246 1,212 1,248 1,260 4,965 1,268 1,033 1,163 1,228 4,692 Other 981 1,008 933 1,094 4,016 1,002 1,011 986 1,094 4,092 1,006 865 1,072 1,136 4,078 Financial Services 179 201 193 186 760 203 216 215 215 849 216 197 200 208 820 Consolidation/Others 106 54 51 (7) 204 (95) (104) (100) (93) (392) (101) (93) (98) (104) (396)

1 Incl. spare parts and workshop services April 2021 / Investor Relations / Analyst & Investor Factbook 35 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP & INDUSTRIAL BUSINESS – DATA AT A GLANCE

OPERATING PROFIT (€ mn) Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 FY 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 FY 2020 Group 386 477 245 405 1,513 490 585 407 401 1,884 161 (382) 162 139 81 Industrial Business 352 435 193 366 1,346 457 551 369 364 1,741 135 (400) 125 114 (26) MAN Truck & Bus 94 191 (17) 134 402 122 130 32 87 371 (78) (310) (27) (139) (553) Scania V&S 301 317 270 319 1,207 370 458 380 297 1,506 256 (35) 198 329 748 VWCO 6 8 4 10 28 8 10 12 26 55 12 (22) 5 (9) (15) Other (49) (81) (65) (96) (291) (43) (48) (55) (46) (191) (55) (34) (51) (67) (206) Financial Services 30 35 37 37 138 33 37 35 38 142 26 19 37 25 107 Consolidation/Others 5 7 15 2 28 (0) (3) 4 (1) (0) 0 0 0 0 0

RETURN ON SALES (%) Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 FY 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 FY 2020 Group 6.4 7.3 4.1 5.5 5.8 7.6 8.2 6.5 5.7 7.0 2.8 (8.7) 2.9 2.0 0.4 Industrial Business 6.1 6.9 3.3 5.1 5.4 7.3 7.9 6.0 5.2 6.6 2.4 (9.3) 2.2 1.7 (0.1) MAN Truck & Bus 3.8 7.0 (0.7) 4.2 3.7 4.7 4.5 1.3 2.8 3.3 (3.4) (17.1) (1.1) (4.5) (5.7) Scania V&S 9.9 9.6 9.0 8.7 9.3 11.0 12.2 11.5 8.5 10.8 8.6 (1.5) 7.0 9.6 6.5 VWCO 1.6 2.4 1.2 2.6 2.0 2.0 2.2 2.5 6.3 3.2 3.1 (9.8) 1.5 (3.0) (1.2) Financial Services 16.5 17.5 19.1 19.7 18.2 16.2 17.1 16.2 17.6 16.8 12.0 9.5 18.7 12.2 13.1

April 2021 / Investor Relations / Analyst & Investor Factbook 36 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP & INDUSTRIAL BUSINESS – DATA AT A GLANCE

ADJUSTED OPERATING PROFIT (€ mn) Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 FY 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 FY 2020 Group 386 477 360 427 1,650 490 573 407 401 1,871 161 (382) 211 144 135 Industrial Business 352 435 308 388 1,483 457 538 369 364 1,729 135 (400) 174 118 28 MAN Truck & Bus 94 191 98 156 539 122 130 32 87 371 (78) (310) (27) (139) (553) Scania V&S 301 317 270 319 1,207 370 458 380 297 1,506 256 (35) 247 333 802 VWCO 6 8 4 10 28 8 (3) 12 26 43 12 (22) 5 (9) (15) Other (49) (81) (65) (96) (291) (43) (48) (55) (46) (191) (55) (34) (51) (67) (206) Financial Services 30 35 37 37 138 33 37 35 38 142 26 19 37 25 107 Consolidation/Others 5 7 15 2 28 (0) (3) 4 (1) (0) 0 0 0 0 0

ADJUSTED RETURN ON SALES (%) Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 FY 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 FY 2020 Group 6.4 7.3 6.0 5.8 6.4 7.6 8.0 6.5 5.7 7.0 2.8 (8.7) 3.7 2.1 0.6 Industrial Business 6.1 6.9 5.3 5.5 5.9 7.3 7.7 6.0 5.2 6.5 2.4 (9.3) 3.1 1.8 0.1 MAN Truck & Bus 3.8 7.0 4.0 4.9 5.0 4.7 4.5 1.3 2.8 3.3 (3.4) (17.1) (1.1) (4.5) (5.7) Scania V&S 9.9 9.6 9.0 8.7 9.3 11.0 12.2 11.5 8.5 10.8 8.6 (1.5) 8.7 9.7 7.0 VWCO 1.6 2.4 1.2 2.6 2.0 2.0 (0.6) 2.5 6.3 2.5 3.1 (9.8) 1.5 (3.0) (1.2) Financial Services 16.5 17.5 19.1 19.7 18.2 16.2 17.1 16.2 17.6 16.8 12.0 9.5 18.7 12.2 13.1

April 2021 / Investor Relations / Analyst & Investor Factbook 37 AGENDA

April 2021 / Investor Relations / Analyst & Investor Factbook 38 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GLOBAL CHAMPION STRATEGY BASED ON FOUR PILLARS

Creating a Global Champion Leader in Profitability | Global Presence | Innovation

Brand Cooperation Global Customer-Focused Performance & Synergies Expansion Innovation

Increase performance Increase cooperation and of brands with individual Leverage scale through Transforming exploit synergies identity, strength, and global footprint transportation between brands clear positioning

Creation of Sustainable Value

April 2021 / Investor Relations / Analyst & Investor Factbook 39 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY LEADING TRUCK BRANDS AND #1 MARKET POSITIONS IN EUROPE AND SOUTH AMERICA TRATON truck market share in 2019 (> 15t)

Europe1 35% Market leader with 35% market share Market leader in Germany with 41% market share

TRATON South America2 30% Market leader with 30% market share Market leader in Brazil with 37% market share

Export business 38% 39% 35% 38% 29% 31% 32% 24% 24% 27% 25% 25%

DE FR UK PL IT ES NL BE CZ BR AR CL

Note: smaller presence in additional countries not highlighted (TRATON active in > 120 countries worldwide, including bus activities) 1 EU28+2 region consisting of EU member states plus Norway and Switzerland. Luxembourg excluded, as no IHS Markit data available. TRATON’s sales in Russia not included in calculation of the Europe market share CORE MARKETS OF TRATON BRANDS 2 Including Argentina, Brazil, Bolivia, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Peru, Uruguay, Venezuela; excl. Mexico (part of North America); excl. Paraguay as no IHS Markit data for trucks > 15t available Source: IHS Markit, 2019 market shares April 2021 / Investor Relations / Analyst & Investor Factbook 40 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON GROUP WITH MULTIPLE STRATEGIC LEVERS FOR GROWTH

TRATON GROUP SALES REVENUE

• Market leadership in Europe and South America SUSTAIN CORE • Aftermarket and service growth on existing rolling fleet

• Mutually beneficial / smart partnerships globally GO GLOBAL • Expanding premium segments in China €26.9 bn1 • New truck generation for each TRATON GROUP brand targeted to GROW SHARE be fully launched by 2021 • Leverage (captive) sales and service network

DRIVE • Intelligent services utilizing connected fleet of 750k+ vehicles2 INNOVATION • Broadest range of alternative fuel technologies3

2019 Mid-term

1 Including consolidation effects (MAN T&B – VWCO), other segments and reconciliation. 2 As of December 2020 3 Based on a company comparison with other offerings in the market. April 2021 / Investor Relations / Analyst & Investor Factbook 41 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY CLEAR POSITIONING OF BRANDS

Driving the shift towards a Simplifying business by being the Less you don’t want sustainable transport system most reliable business partner more you don’t need

Premium customer-focused Reliable business partner with value Best value for money and innovation leader for sustainable package and full-line offering tailor-made products transport solutions

April 2021 / Investor Relations / Analyst & Investor Factbook 42 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY STRONG POSITION OF ALL BRANDS WITH NEW TRUCK LINES

NTG NEW TRUCK GENERATION NEW DELIVERY & METEOR

Current launch

New generation for New state of the art Modern trucks for all truck lines (R, G and P truck generation for all truck logistics tailored for trucks, new S and L trucks) lines (TGX, TGS, TGM, TGL) customers in emerging markets

Launch/ramp-up 2016 - 2019 2019 - 2021e 2017 - 2020

Launch of 1995 2000 2005 preceding truck (4-Series) (TGA) (Delivery) generation

April 2021 / Investor Relations / Analyst & Investor Factbook 43 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY MAN T&B MEASURES TO IMPROVE EARNINGS

Overview by item (€ mn) Key Issues Paper to realign MAN T&B agreed • Strong focus on future technologies. 1,700 • Repositioning of the production and development 550 network. • Reduction of ~3,500 jobs across all areas in Germany by the end of 2022. 700 • Steyr site in Austria (~2,200 employees) is being discussed. 450 • In total, the restructuring measures are currently Earnings Personnel Material Sales expected to incur cost in a high triple-digit million improvement & material costs efforts Euro amount. overheads Ensuring sustainable uplift in RoS and cash flows

April 2021 / Investor Relations / Analyst & Investor Factbook 44 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY IMPROVING BRAND PERFORMANCE AND EXECUTING ON CLEARLY IDENTIFIED SYNERGIES Synergies TRATON: Attractive margin upside Adj. Group return on sales1 1 Purchasing (incl. lead buying)

2 Modularization and components 7.0% 9% 6.4% 6.0% 3 Jointpowertrain 5.4%

4 New technologies

0.6% 5 Production footprint and logistics

2016 2017 2018 2019 2020 Target2

1 VGSG operations (sold as of January 2019) included from 2016 to 2018 2 Strategic target TRATON wants to achieve over the cycle, including consolidation effects and others. April 2021 / Investor Relations / Analyst & Investor Factbook 45 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON GROUP SYNERGIES RAMPING UP ON THE BACK OF FIVE INDIVIDUAL CATEGORIES

Production footprint 5th category • Synergies executed on the and logistics back of five individual categories, which are leveraging the common 4th category New technologies platform potential and technological edge of the TRATON GROUP • All operating units 3rd category Joint powertrain collaborating in order to drive successful synergy realization 2nd category Modularization in trucks and components • Moving from opportunistic synergy projects to more systematic approach to synergy identification and 1st category Purchasing realization

April 2021 / Investor Relations / Analyst & Investor Factbook 46 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY A NUMBER OF JOINT POWERTRAIN PROJECTS ARE CURRENTLY BEING IMPLEMENTED OR DEVELOPED

The majority of the manufacturing costs of a truck relate to the Powertrain Powertrain package CBE – new 13l engine

ATS

CAM

In use by > 75,000 MAN T&B trucks to date

GW GZ

April 2021 / Investor Relations / Analyst & Investor Factbook 47 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY LEVERAGE POWERTRAIN COMPONENTS ACROSS BRANDS TO GENERATE SIGNIFICANT COST SAVINGS IN YEARS TO COME

POWERTRAIN PACKAGE INTRODUCED ACROSS BRANDS

Introduced into brand Common base engine (CBE) > 50% expected to be installed in almost half of TRATON heavy- LATIN duty trucks per year from 2025e AMERICA onwards The majority of the manufacturing costs of a truck relate to the Powertrain EUROPE Enhanced fuel efficiency CBE Reduced weight Low maintenance

21e 22e 23e 24e 25e 2026e

April 2021 / Investor Relations / Analyst & Investor Factbook 48 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY PARTNERSHIPS PROVIDING ACCESS TO GLOBAL PROFIT POOLS…

Truck market share in 2019 (> 15t)

North America – partnership since 2016 1 13% • Technology cooperation: first SoPs by 2020/21 • Synergies in procurement JV achieved, further potential

China – partnership since 2009

ASSOCIATES 16%2 • Intention to localize MAN heavy-duty truck in world’s ~35% largest market ~30-35%4 • Evaluation of technology/procurement cooperation ~0%5

~25%

ALLIANCE PARTNERS ALLIANCE Japan & Southeast Asia – cooperation since 2018 35%3 • Cooperation: future logistics/transportation, technology and e-mobility • Procurement JV signed with global synergy potential

• E-mobility JV started in October 2020 STRATEGIC PARTNER STRATEGIC

Source: IHS Markit Note: SoP = start of production 1 Market share of Navistar in North America 2 Market share of CNHTC (parent company of Sinotruk) in Greater China PROFIT POOL6 3 Market share of Hino in Japan and Southeast Asia (Indonesia, Australia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam) Core markets of TRATON BRANDS # ALLIANCE PARTNERS Share 2018 4 Incl. Western Europe and CEE regions 5 Incl. Argentina, Brazil, Bolivia, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Peru, Venezuela, Belize, Caribbean, El Salvador, Paraguay, Uruguay, excl. Mexico (part of N. America); as no IHS Markit data for trucks > 6t available 6 Excludes other countries April 2021 / Investor Relations / Analyst & Investor Factbook 49 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY …AND ECONOMIES OF SCALE HEAVY-DUTY PLATFORM REACH OF TOP OEMs Leveraging Technologies and Scale Unit sales > 15t in 2019, in k units through Global Brands and Partnerships

483

Alliances 1,2 Dongfeng Volvo-Eicher

Top 3 Foton Kamaz • Powertrain technology sharing

2 (i.e., CBE) • Established purchasing cooperations 5 (Navistar, Hino) • Exploiting additional cooperation

opportunities Truck Players Truck

4 TRATON associates TRATON strategic partner

1 Including partnerships with Dongfeng (45% ownership) and Eicher 2 Dongfeng including Dongfeng-Volvo JV sales volume 3 Including partnerships with Foton (50% ownership) and Kamaz 4 Foton including Foton-Daimler JV sales volume 5 CNHTC volume shown Source: IHS Markit, company information Note: truck volumes (> 15t) incl. selected strategic alliances. As part of a new strategic alliance, Volvo has announced in December 2019 the sale of its subsidiary UD Trucks to Isuzu; closing of the transaction is expected by the end of 2020. April 2021 / Investor Relations / Analyst & Investor Factbook 50 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GLOBAL EXPANSION THROUGH STRONG ALLIANCE PARTNERS

Associates Strategic partner

Technology cooperation and Intention to localize MAN truck in China; E-mobility, procurement, and procurement Joint Venture potential tech/procurement cooperation technology cooperation […]

#4 Market position 14% Market share1 #3 Market position 15% Market share3 #1 Market position 35% Market share4 in North America (2019) in China (2019) in Japan & Southeast Asia (2019) Largest network of ~1.0k dealers in One of the leading truck manufacturers Top position in heavy- and medium- North America2 in the People’s Republic of China duty truck sales in Japan

1 According to Q4 2019 company presentation 2 Information according to Navistar 3 Truck market share of CNHTC in China (incl. Hong Kong) 4 Truck market share based on IHS of Hino in Japan and Southeast Asia (Indonesia, Australia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam) Source: IHS Markit Note: market share data based on trucks > 15t April 2021 / Investor Relations / Analyst & Investor Factbook 51 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY CURRENT STRATEGIC ALLIANCE WITH NAVISTAR FOCUSED ON TECHNOLOGY COOPERATION AND PROCUREMENT JOINT VENTURE OVERVIEW OBJECTIVES Technology cooperation: joint powertrain – common powertrain systems give Navistar access to excellent powertrain technologies and allow the TRATON GROUP to benefit from higher volumes

Technology cooperation: future technologies – cooperation in many aspects of future commercial vehicle development

• Strategic alliance established in 2016 Procurement joint venture – fully operational procurement • TRATON GROUP currently holds 16.7%1 joint venture to pursue joint global sourcing opportunities • TRATON can nominate two persons to Navistar's Board of Directors: TRATON's current nominee is Christian Schulz and Access to North American market – cooperation and equity the other TRATON nominee position stake allow the TRATON GROUP to capture a share of North currently remains open American profit pool

1 As of December 31, 2020 April 2021 / Investor Relations / Analyst & Investor Factbook 52 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY STRATEGIC PARTNERSHIP WITH SINOTRUK FOCUSED ON TECHNOLOGY COOPERATION AND PROCUREMENT SYNERGIES OVERVIEW OBJECTIVES

Technology cooperation – joint efforts in areas of powertrain, new technologies

Localization of MAN truck – intention to localize MAN heavy-duty truck in world’s largest market

• Long-term strategic partnership between MAN and Sinotruk established in 2009 Procurement synergies – sourcing synergies targeted • MAN TGA Truck technology including through joint scale powertrain localized under SITRAK brand • MAN holds 25%+1 share1 in Sinotruk

1 As of December 31, 2020 April 2021 / Investor Relations / Analyst & Investor Factbook 53 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY OVERVIEW AND OBJECTIVES OF COOPERATION AGREEMENT WITH HINO

OVERVIEW OBJECTIVES E-mobility cooperation, shared development efforts, and combined marketing of products – Hino with largest running fleet of hybrid commercial vehicles in the world

Technology cooperation – focus on possibility of joint utilization of existing technologies such as powertrain and joint development of innovative technologies

• Strategic long-term partnership agreed in April 2018 Procurement joint venture – JV aims at realizing synergies in • Alliance Board based on Strategic global procurement for a wide range of parts and technologies Cooperation Framework Agreement • October 2019: procurement joint venture Utilize complementary know-how – Hino with focus on light- established and medium-duty trucks complements the TRATON GROUP’s • October 2020: E-mobility joint venture innovation power in heavy-duty segment started

April 2021 / Investor Relations / Analyst & Investor Factbook 54 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY CUSTOMER-FOCUSED INNOVATION – NEED TO BE PREPARED FOR “ACE”

Hybrid Natural gas Autonomous transport system 750k+ Broadest range of alternative Large connected fleet HVO BEV in customer operation1 Dec-20 fuel technologies2 FCEV Ethanol Biogas Autonomous mining system Connected vehicles on the road Here and now solutions

Testing of automated Utilization of collected data Sold electric solutions and and autonomous trucks in for service offering new e-Consortium3 real use

MAN Truck & Bus & HHLA RIO, Scania Flexible Maintenance, VWCO e-Delivery (Hamburger Hafen und Logistik AG) MAN Digital Services

Note: HVO = hydrogenated vegetable oil; BEV = battery electric vehicle 1 Scania and Rio Tinto trialing autonomous truck in Australia 2 Based on a company comparison with other offerings in the market 3 In October 2019, Bosch, CATL, Moura, Semcon, Siemens, Meritor, and Eletra created the new e-Consortium for the manufacturing of the first Brazilian electric trucks; the first mass-produced truck will be the 14t e-Delivery and full-scale production is scheduled to start in 2021. April 2021 / Investor Relations / Analyst & Investor Factbook 55 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY FULL AUTONOMOUS DRIVING FOR THE NEAR FUTURE ONLY IN DEFINED AREAS. DRIVER ASSISTANCE SYSTEMS TO GROW FURTHER

Expected impact on TCO breakdown1 Expected customer value2 Customer driven innovation examples

Partly autonomous (next 5 years)

Administration & • Lower repair and maintenance costs services due to fewer accidents Vehicle Fuel • Higher utilization of vehicles due to Repair & extension of operating hours Scania project in mining MAN aFAS – driverless maintenance system safety vehicle • Lower fuel usage from optimized driving

Fully autonomous (5+ years)

Driver • Significantly lower driver cost

• Lower TCO will outweigh potential MAN autonomous MAN platooning project Main impact from autonomous higher vehicles costs project with HHLA with DB Schenker

1 Chart representative for German HDT market; indicative - depending on usage pattern. 2 Non exhaustive April 2021 / Investor Relations / Analyst & Investor Factbook 56 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY THE TRATON GROUP ALREADY HAS MULTIPLE SOLUTIONS FOR AUTONOMOUS DRIVING ON THE WAY

PROJECT MINING SYSTEM PROJECT HAMBURGER HAFEN New Scania AXL presented on Innovation Day UND LOGISTIK AG (HHLA) 2019. Autonomous vehicles been operating Testing of automated and autonomous in real-life conditions at Rio Tinto´s mining driving trucks in real use. Field trials at the operations in Australia since August 2018. Hamburg Container Terminal.

Autonomous Transport Solutions Mining Pilot Complexity HUB2HUB PROJECT WITH TUSIMPLE 2018 2019e 2020e 2021e+ Scania tests self-driving trucks in motorway traffic on the E4 motorway between Safety driver, Safety driver, No safety Autonomous Södertälje and Jönköping. no dynamic with dynamic driver operation obstacles obstacles

April 2021 / Investor Relations / Analyst & Investor Factbook 57 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY CONNECTIVITY IS ALREADY A REALITY TODAY – VISIBLE UPSIDE FOR CUSTOMERS AND FOR TRATON

Expected impact on TCO breakdown1 Expected upside for customers2 Expected upside for TRATON2

Better understanding of customer Higher uptime (e.g., fleet management needs Administration & solutions) services Optimization of sales and service Vehicle Fuel network Lower repair & maintenance costs Repair & (e.g., predictive maintenance and maintenance extended emergency assistance) Opportunity to connect trucks and build service offering across brands

Lower fuel usage (e.g., optimized routing Live feedback loops for R&D and real-time driver coaching) Driver Enabler for autonomous driving technology

Main impact from connectivity

1 Chart representative for German HDT market; indicative - depending on usage pattern. 2 Non exhaustive April 2021 / Investor Relations / Analyst & Investor Factbook 58 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY VARIETY OF CONNECTED SERVICE SOLUTIONS INTRODUCED

Scania service offering – selected examples Number of connected trucks in operation MAN T&B service offering – selected examples

Scania Zone Remote Diagnostics position-based service boosting uptime for Almost every Scania truck and MAN T&B 1 MAN Service MAN for automatic vehicle each vehicle Euro VI heavy-duty and medium-duty truck Care Maintenance adjustment will be connected from 2019 onwards Proactive maintenance Cloud-based increasing maintenance data vehicle availability

MAN DIGITAL SERVICES Fleet Care FMP uptime solution for Scania-connected >1.3m MAN Perform MAN Compliant entire fleets (with services portal Driver performance Remote download uptime guarantee) 750,000+ analytics of tachograph data

Today2 2025E+

1 All MAN T&B Euro VI HDT and MDT for EU28+2 region plus selected retrofits 2 As of December 2020 April 2021 / Investor Relations / Analyst & Investor Factbook 59 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY ADOPTION OF E-MOBILITY DRIVEN BY TCO CONSIDERATIONS AND REGULATORY ENVIRONMENT

Expected impact on TCO breakdown1 Expected customer value2 Customer driven innovation examples

Reduction of CO2 footprint in line with Administration & potential future emission targets services Fuel Vehicle Zero noise emission in sensitive areas Repair & MAN Lion’s City E VWCO e-Delivery maintenance Gain experience and capabilities in operating e-mobility vehicles by getting access to first successful solutions across applications

Driver Lower fuel consumption and (depending on application) better TCO in the mid-to- long-term Scania FCEV trucks Scania fully electric Main impact from electrification truck

1 Chart representative for German HDT market; indicative - depending on usage pattern. 2 Non exhaustive April 2021 / Investor Relations / Analyst & Investor Factbook 60 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY COMMON BASE ENGINE (13L) COMPATIBLE WITH CONVENTIONAL AND ALTERNATIVE FUELS

COMMON BASE 13L ENGINE (CBE) – PART OF OUR IN THE SHIFT TO ALTERNATIVE FUELS, TRATON EXPECTS TO BENEFIT JOINTLY DEVELOPED HD POWERTRAIN PLATFORM FROM ITS BROAD RANGE OF ALTERNATIVE FUEL SOLUTIONS

Scania vehicles displayed at IAA 20182

HVO3 Hybrid HVO3 Theoretical LNG 3 HVO3 LNG CO HVO 2 CNG Plug-in hybrid reduction HVO3 potential • More than 50% brake thermal efficiency1 Up to Up to Up to Up to Up to > 90% • Designed to address expected future emission 15% 85% 90% 90% 90% legislation • Expected to be installed in >50% of TRATON’s HD trucks per year from 2025e onwards Natural Biodiesel Biogas HVO Ethanol Hybrid gas FAME with HVO

Note: HVO = hydrogenated vegetable oil; LNG = liquefied natural gas; CNG = compressed natural gas; BEV = battery electric vehicle 1 More than half of the energy is converted into mechanical energy. 2 Scania vehicles displayed at IAA 2018 – all alternatively fueled including newly launched plug-in hybrid 3 Also compatible with biodiesel FAME and ethanol engines April 2021 / Investor Relations / Analyst & Investor Factbook 61 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY ELECTRIFICATION DRIVEN BY TCO AND REGULATION – FASTEST

ADOPTION FOR CITY BUSES Indicative potential timeframe for TCO parity1 broader market adoption in Europe TCO parity drives electrification penetration

Heavy-duty

TRUCKS

Medium- & light-duty

City bus

BUSES & COACHES

Coach

Today 2020e 2025e 2030e 2035e

1 TCO parity: TCO of an electric vehicle equals the TCO of a vehicle with a conventional powertrain. April 2021 / Investor Relations / Analyst & Investor Factbook 62 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY BEV WILL BECOME MAINSTREAM IN ALL MAJOR CV SEGMENTS

Total cost of ownership is the most important driver for adoption of new drivetrains, exceeding regulatory impact

We see BEV as the most cost-efficient solution, especially in long-distance applications (due to high energy to total cost ratio)

Three BEV trucks can drive with the same amount of energy as one hydrogen truck

TRATON expects BEV to become mainstream in all major CV segments

April 2021 / Investor Relations / Analyst & Investor Factbook 63 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON AND HINO START E-MOBILITY JOINT VENTURE

TRATON and Hino have signed a joint venture agreement for e-mobility in order to plan and provide e-mobility products based on the strategic partnership started in 2018. This follows the procurement joint venture established in 2019. Developing of electric vehicles including battery electric vehicles (BEV), fuel cell vehicles (FCV), and relevant components as well as creating common EV platforms. Team up to shorten lead times for future e- mobility products with battery and fuel cell technology.

April 2021 / Investor Relations / Analyst & Investor Factbook 64 AGENDA

April 2021 / Investor Relations / Analyst & Investor Factbook 65 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRANSACTION OVERVIEW

• No 4 in US market for trucks; long history since 1831 NAVISTAR • Revenue of USD 7.5 bn and adjusted EBIT of USD 221 mn in fiscal year 20201 AT A GLANCE • More than 1,000 dealers

• Access more than 75% of global truck market profit pools ACQUISITION • Deliver on Global Champion Strategy RATIONALE • Leverage powertrain components across brands to generate significant cost savings in years to come • Achieve a well-balanced and global footprint with complementary geographies

• Cash acquisition of 83.3% of outstanding Navistar common shares STRUCTURE • Transaction structured as one-step merger • The two major Navistar shareholders2 supportive of transaction

VALUE • Equity purchase price of USD 3.7 bn based on USD 44.50 per share

• Fully committed transaction financing by Volkswagen AG FINANCING • TRATON committed to maintaining an investment grade rating

• On March 2, 2021 Navistar shareholders approved TRATON’s proposal to acquire Navistar TIMING • Closing expected mid-2021 subject to regulatory approvals and customary closing conditions

1 Adjusted EBIT: calculated as adjusted EBITDA – depreciation and amortization; FY 2020 as of October 31, 2020 2 I.e. certain shareholders of Navistar affiliated with Carl. C. Icahn with a stake of approx. 16.8% and certain shareholders of Navistar affiliated with Mark H. Rachesky with a stake of approx. 16.4% (each as of January 22, 2021). April 2021 / Investor Relations / Analyst & Investor Factbook 66 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY STRATEGIC ALLIANCE FOCUSED ON TECHNOLOGY COOPERATION AND PROCUREMENT JOINT VENTURE, INCREMENTAL SYNERGY POTENTIAL Almost four years of partnership Objectives

Access to North American Market – cooperation and equity stake allow the TRATON GROUP to capture a share of North American profit pool

Procurement Joint Venture – fully operational procurement joint venture to pursue joint global sourcing opportunities

Technology Cooperation: future Technologies – cooperation in many aspects of future commercial vehicle development

Technology Cooperation: joint powertrain – common Strategic partnership and purchase of 16.6%1 stake powertrain systems give Navistar access to excellent in Navistar announced in September 2016 powertrain technologies and allow the TRATON GROUP to benefit from higher volumes

1 Current stake as of the end of September 2020 amounts to 16.7%. April 2021 / Investor Relations / Analyst & Investor Factbook 67 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY ACQUISITION RATIONALE – CREATION OF A GLOBAL CHAMPION

Access more than 75% of global truck market profit pools

Deliver on Global Champion Strategy

Leverage powertrain components across brands to generate significant cost savings in years to come Export business

Achieve a well-balanced and global footprint with complementary geographies

April 2021 / Investor Relations / Analyst & Investor Factbook 68 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY ACCESS MORE THAN 75% OF GLOBAL TRUCK MARKET PROFIT POOLS1 Access to attractive North American market

Strong market position of Scania, MAN, and VWCO Europe/ Strong market position of NAFTA Navistar Russia ~35% … Share of global profit pool ~35% 2030e2

Asia/MEA Export ~25% business

Latin America ~5%

Source: McKinsey & Company 1 Global profit pool 2030: ~€17 bn 2 Profit pool of truck industry > 6t (2030e) April 2021 / Investor Relations / Analyst & Investor Factbook 69 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY DELIVER ON GLOBAL CHAMPION STRATEGY

Industrial Business sales revenue (fiscal year 2020, € bn) Combined ranking per region (sales in units)

1 Daimler 34.7 #4 2 #1 (combined) 22.2 6.7 28.8 1

22.2 (standalone)

3 Volvo 21.7

4 #1 PACCAR 15.0

5 IVECO 8.2

Source: Company information, own calculations 1 Trucks and Buses. 2 Includes Truck and Parts as per Navistar Form 10K, October 31, 2020; FX €/USD of 1.13 3 Trucks and Buses; FX €/SEK of 10.49 4 Trucks, Parts and Other; FX €/USD of 1.14 5 Commercial and Specialty vehicles segment of CNH Industrial; FX €/USD of 1.14 April 2021 / Investor Relations / Analyst & Investor Factbook 70 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY ACHIEVE A WELL-BALANCED AND GLOBAL FOOTPRINT WITH COMPLIMENTARY GEOGRAPHIES

TRATON GROUP stand-alone Combined sales revenue sales revenue by geography1 based on 2020 by geography1 Truck unit sales (> 6t)3, in units € bn and % of total € bn and % of total US 29.2 2

RoW 4.7 16% South 22.6 2.9 10% America Combined RoW 4.6 20% Nafta 6.3 22% Western South 2.8 12% Europe America South America EU27+3 15.3 68% EU27+3 15.3 52%

FY 2020 FY 2020 20002000 2005 2010 2015 20202020

Note: Figures are financially rounded Source: Navistar Form 10K, October 31, 2020; TRATON Annual Report, December 31, 2020 1 Last fiscal year 2 FX €/USD of 1.13 3 Own calculations and estimates April 2021 / Investor Relations / Analyst & Investor Factbook 71 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON CONTINUES TO DELIVER ON ITS GLOBAL CHAMPION STRATEGY WITH THE PLANNED ACQUISITION OF NAVISTAR

Successful creation and Entry to Collaboration among implementation of strategic Successful Established North American brands in Volkswagen alliance partnerships IPO E-Mobility joint market T&B fully on track venture Next: Integration Navistar

April 2021 / Investor Relations / Analyst & Investor Factbook 72 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY STATUS AND NEXT STEPS – CLOSING OF PLANNED ACQUISITION & SUBSEQUENT INTEGRATION

Signing and announcement of binding merger agreement on November 7, 2020

On March 2, 2021 Navistar shareholders approved TRATON’s proposal to acquire Navistar

Regulatory approvals expected in first half 2021

Closing expected mid-2021

April 2021 / Investor Relations / Analyst & Investor Factbook 73 AGENDA

April 2021 / Investor Relations / Analyst & Investor Factbook 74 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON GROUP SUSTAINABILITY – OVERVIEW

• Sustainability is an integral part throughout the entire TRATON GROUP

• ESG aspects are already deeply anchored at TRATON’s brands Scania and MAN with transparent sustainability reporting on brand level according to GRI standards1

TRATON GROUP • Due to decentralized organization of the Group, the brands set priorities, resources, and methods to Corporate Sustainability ensure fit to culture, strategy, regulatory authorities, and other key stakeholders • Materiality matrix analysis is used to identify and evaluate the most material sustainability action fields. Focus topics for TRATON to be derived from materiality matrix analysis performed at brand level based on aligned dimensions • TRATON Sustainability Board established, which acts as - forum to develop and decide sustainability matters at TRATON GROUP level by defining minimum-standards for the TRATON GROUP and Corporate Corporate Sustainability at Sustainability at - platform to encourage cooperation, foster best practices, and enable Scania MAN T&B/VWCO knowledge transfer in the TRATON GROUP

• Commitment to UN Sustainable Development Goals as common basis • Scania and MAN are participant and signatory of UN Global Compact2, respectively

Note: MAN comprises MAN T&B and VWCO. 1 The global reporting initiative (GRI) is an international independent standards organization that sets out principles and indicators for measuring and reporting economics, environmental, and social performance. 2 Nonbinding United Nations pact to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation April 2021 / Investor Relations / Analyst & Investor Factbook 75 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON GROUP SUSTAINABILITY – ZERO-EMISSION: STRONG COMMITMENT FROM OUR BRANDS

• Climate change is the most fundamental challenge of our generation, with greenhouse gases from fossil fuels being the main cause of the problem. • To develop their roadmap to carbon-neutrality by 2050 at the latest, the CEOs of Europe’s commercial vehicle manufacturers, under the umbrella of the European Automobile Manufacturers’ Association (ACEA), have joined forces1 with leading scientists from the Potsdam Institute for Climate Impact Research (PIK). • Carbon-neutrality by 2050 at the latest implies that by 2040 all new commercial vehicles sold must be fossil free. This is a pledge that the commercial vehicle industry is making now for the first time. • It will be possible to meet this target provided the right charging/refueling infrastructure is built and a coherent policy framework is put into place, including

comprehensive CO2 pricing to drive the transition. • We stand ready, a zero-emission transport system is possible. • Link to press release: https://www.acea.be/publications/article/acea-pik-joint-statement-the-transition-to- zero-emission-road-freight-trans

1 Joint declaration by ACEA and PIK as of December 15, 2020 April 2021 / Investor Relations / Analyst & Investor Factbook 76 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY OUR BRANDS FOCUS ON E-MOBILITY LEADERSHIP

SINCE 2020 BY 2025 BY 2030 Common modular electric powertrain Electrified vehicles will account for around Electrified vehicles will account for 50% toolkit, used in the first series produced 10% of Scania’s total vehicle sales of Scania’s total vehicle sales volumes. At all-electric city buses from Scania and volumes in Europe. Half of MAN’s new least 60% of MAN’s delivery trucks and MAN. buses will run on alternative drives. 40% of long-haul trucks will be emission- free.

April 2021 / Investor Relations / Analyst & Investor Factbook 77 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON INCREASES R&D INVESTMENT IN E-MOBILITY TO €1.6 BILLION

TRATON invests All brands are shifting budgets from €1.6 billion in R&D for conventional drives to e-mobility e-mobility from 2021 to 2025

Share of product development1 for e-mobility will be doubled until 2025

Less than 20% of product development budget for conventional drivetrains in 2025

1 Product development budget comprises the share of primary R&D costs, that could be assigned to specific product projects or product project roadmaps before start of production. Product development budget does not include efforts for general base research or R&D support after start of production (i.e. for quality assurance or product cost optimization during the lifecycle). April 2021 / Investor Relations / Analyst & Investor Factbook 78 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY SUSTAINABILITY – SCANIA

DRIVING THE SHIFT TOWARDS A SUSTAINABLE TRANSPORT SYSTEM

Three pillars for sustainable transport. Responsible business. Doing the right things Doing things right

Sustainable transport KPIs Targets for several business areas Selected target

Energy • Ecolution by Scania Environmental footprint Science Based Target initiative: • Driver training and coaching 1 efficiency • Maintenance with flexible plans  Scania as first major manufacturer of heavy- duty commercial vehicles to have its climate 2 Diversity and inclusion targets officially approved. Renewable  Scania is committed to achieving the Paris fuels and • Sales of alternative fuels and 3 Health and safety electrification agreement goals of limiting global warming to electrification 1.5°C above pre-industrial levels. 4 Human and labour rights  Scania will cut CO2 emissions from its own Smart and operations (Scope 1+2) by 50% by 2025 (2015) safe • Size of connected fleet 5 Business ethics and reduce emissions from its products (Scope • BRT bus registrations transport 3) by 20% by 2025 (2015). 6 Community engagement Strategic sustainability key areas

Reducing CO2 emissions Circular business People sustainability

Green Bond Framework (rated “Dark Green” by CICERO Shades of Green)

April 2021 / Investor Relations / Analyst & Investor Factbook 79 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY SUSTAINABILITY – MAN T&B/VWCO

STRUCTURED MULTI-STEP APPROACH TO DERIVE SUSTAINABILITY SUSTAINABILITY ACTION FIELDS ACTION FIELDS – MATERIALITY ANALYSIS • Reducing greenhouse • Reducing greenhouse gas emissions • Relevance of issuing CSR • Focus on global challenges gas emissions from over the product life cycle standards production and logistics Identification of potential • Reducing pollutant emissions • Responsible handling of • Concrete objectives conflict minerals 1 fields of action for MAN • Reducing pollutant • Improving road safety • High business impact emission • Reviewing human and T&B/VWCO • Sustainable mobility services • Alignment with corporate strategy • Adapting to climate employee rights in the change Responsibility for supply chain Products • Record of CO emissions in Prioritization by 2 • Analysis and prioritization of the supply chain 2 dedicated corporate potential action fields sustainability council Responsibility for Production Responsibility for • Alignment of action fields with stakeholders Supply Chain Assessment by external • Stakeholders include suppliers, customers, NGOs, 3 stakeholders universities, auto OEMs, representatives of cities, Responsibility for and insurance companies Responsibility for People Society and Integrity

Finalization of • Sustainability action fields linked to existing / • Holistic health management • Exemplary compliance and risk 4 sustainability topics with future programs of corporate functional strategy • Needs-based vocational training that is fit management corporate strategy for the future • Open stakeholder dialogue • Working world of the future – designing new forms of work • Constructive dialogue with policymakers based on facts • Future-proof talent management

Sustainability strategy fully integrated in CLEAN, SAFE, CARING. DRIVING RESPONSIBLE TRANSPORT the corporate functional strategy

April 2021 / Investor Relations / Analyst & Investor Factbook 80 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON SE – ISS ESG CORPORATE RATING

• Rating puts TRATON in the top 14% of the industry (269 machinery companies) Highlights • Eco-efficiency category: A- “very good” • The overall transparency level is ranked “very high”

• Status: Prime • Rating: C+ Key results • Decile Rank: 1 • Transparency Level: Very high

A. Social and Governance Rating (40%) C+ B. Environmental Rating (60%) C+ Rating B.1 Environmental Management B- categories in A.1 Staff and Suppliers B- detail A.2 Society and Product Responsibility C+ B.2 Product and Services C- A.3 Corporate Governance and Business Ethics B B.3 Eco-efficiency A-

Source: ISS ESG, as of August 19, 2020 April 2021 / Investor Relations / Analyst & Investor Factbook 81 AGENDA

April 2021 / Investor Relations / Analyst & Investor Factbook 82 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON SHARE

SHARE DATA

ISIN (International Securities Identification Number) DE000TRAT0N7 WKN (German Security Identification number) TRAT0N Common code 196390065 Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) Stock exchange & Nasdaq Stockholm (börsen) Regulated market (Prime Standard) of Frankfurt Stock Exchange Market segment & Large Cap segment of Nasdaq Stockholm Bloomberg ticker 8TRA GY / 8TRA SS Reuters ticker 8TRA.DE / 8TRA.ST Shares outstanding 500.000.000 Type of share Bearer shares / common shares Free float 10.28%

April 2021 / Investor Relations / Analyst & Investor Factbook 83 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY KEY PERFORMANCE INDICATORS FOR TRATON SHARES

DIVIDEND POLICY KEY PERFORMANCE INDICATORS 2019

• The TRATON GROUP intends paying a dividend of 30 to 40% of its annual consolidated profit after tax • The resolution to distribute a dividend for a particular fiscal year is adopted by the Annual General Meeting in the following year • The dividend is paid once a year Pay out ratio (in %) • The proposal by the Executive Board and Supervisory Board concerning the amount of the dividend generally considers business performance and other influencing factors

April 2021 / Investor Relations / Analyst & Investor Factbook 84 AGENDA

April 2021 / Investor Relations / Analyst & Investor Factbook 85 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY FIRST-TIME CREDIT RATINGS ASSIGNED TO TRATON SE IN 2020

MOODY´S WITH BAA1, S&P WITH BBB RATING (BOTH OUTLOOKS NEGATIVE) AS OF MARCH 16, 2021

• First-time credit ratings assigned to TRATON SE by Moody´s and Standard & Poor´s in 2020 • TRATON SE with solid investment grade ratings. Current ratings1: • Moody’s: Baa1 negative outlook • S&P: BBB negative outlook • Both rating agencies reflect estimated impacts of the COVID-19 pandemic to date and factor in the announced acquisition of Navistar • Rating agencies underline TRATON GROUP’s strong market positions in Europe and South America in the heavy-duty truck segment and the solid liquidity profile as well as conservative financial policy • The external credit ratings provide a sound and solid basis for access to liquidity for the TRATON GROUP

1 As of March 16, 2021 April 2021 / Investor Relations / Analyst & Investor Factbook 86 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY DEVELOPMENT OF CREDIT RATINGS SINCE 2020

MOODY´S WITH BAA1, S&P WITH BBB RATING (BOTH OUTLOOKS NEGATIVE) AS OF MARCH 16, 2021

June 17, 2020 July 28, 2020 October 22, 2020 November 7, 2020 March 2, 2021 Ba1 / BB+ First-time Debut €3.75 bn S&P outlook Announcement of Navistar AGM approval publication syndicated RCF change from Navistar acquisition for acquisition of ratings stable to negative Baa3 / BBB- (in light of expected March 3, 2021 Navistar acquisition) Debut €700 mn S&P: BBB (outlook stable) S&P: BBB (outlook negative) Schuldschein Baa2 / BBB March 10, 2021 FY 2020 results Moody’s: Baa1 (outlook negative) released Baa1 / BBB+

March 24,2021 Inaugural A3 / A- €3.0 bn bonds

June July August September October November December January February March

2020 2021

April 2021 / Investor Relations / Analyst & Investor Factbook 87 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY BONDS OUTSTANDING

MATURITIES OF 4, 8 AND 12Y

Issuer TRATON Finance Luxembourg S.A. Guarantor TRATON SE (Ticker: 8TRA, Country: DE) Guarantor Ratings Baa1 negative outlook (Moody’s) / BBB negative outlook (S&P) Issue Ratings Baa1 (Moody’s) / BBB (S&P) Sustainability TRATON SE features an ESG rating from ISS ESG (Prime, C+) Format Senior Unsecured, Bearer, Classical Global Note Tenor 4-year 8-year 12-year Issue Date March 24, 2021 March 24, 2021 March 24, 2021 Maturity March 24, 2025 March 24, 2029 March 24, 2033 Amount €1.0 bn €1.25 bn €750 mn Coupon 0.125% 0.750% 1.250% Interest payment Annual Annual Annual Offering price 99.547 99.560 99.184 CoC put, 1-month par call, Clean-up call CoC put, 1-month par call, Clean-up call CoC put, 1-month par call, Clean-up call Early redemption (80%), Tax call, M&A call (101%) (80%), Tax call, M&A call (101%) (80%), Tax call, M&A call (101%) WKN A3KNP8 A3KNP9 A3KNQA ISIN DE000A3KNP88 DE000A3KNP96 DE000A3KNQA0 Denominations / Listing €100k + €100k, Regulated Market of the Luxembourg Stock Exchange

April 2021 / Investor Relations / Analyst & Investor Factbook 88 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON FINANCING VIA DEBT CAPITAL MARKETS

SIMPLIFIED OVERVIEW

• TRATON Finance Luxembourg S.A.1 and TRATON SE to serve as issuers for the TRATON GROUP, with the payment obligations of TRATON Finance Luxembourg S.A. being guaranteed by TRATON SE • IB issuances: Funds being transferred within the Group where required • FS issuances: Funds being transferred within the Group where required • For an interim period, Scania CV AB (guarantee(s) by Scania AB) continues to serve as Nordic currency and specific green projects issuer and might opportunistically act in the Euro market

Guarantee for payment obligations of TRATON Finance Luxembourg S.A. 2 issuers

IB segment TRATON SE Debt Capital Markets IB funds (€12 bn EMTN Funding via bonds program) TRATON Finance FS funds Luxembourg S.A.1 FS segment

1 A 100% indirect subsidiary of TRATON SE (via TRATON International S.A.) April 2021 / Investor Relations / Analyst & Investor Factbook 89 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY LIQUIDITY OVERVIEW TRATON GROUP

CREDIT LINES GROSS LIQUIDITY

As of December 31, 2020 • Solid liquidity available to TRATON GROUP. 2.5 Total ~€3.8 bn • As of December 31, 2020, the liquidity reserve 2.0

consists of confirmed credit lines of €7.3 bn, thereof 1.5

• €3.0 bn from Volkswagen AG, and 1.0 2.1 1.7 • €3.75 bn syndicated revolving credit facility signed 0.5 on July 28, 2020 - Cash and cash equivalents Marketable securities, investment • €3.3 bn term loan secured with Volkswagen in order (€ bn) deposits, and loans to affiliated to finance the purchase price of Navistar. companies (€ bn) • Additionally, the TRATON GROUP had €390 mn of • Reduction of gross liquidity vs FY 2019 mainly driven unused, unconfirmed credit lines from banks at its by €1.4 bn cash outflow under the domination and disposal as of December 31, 2020. profit and loss transfer agreement with Volkswagen AG which terminated on December 31, 2019 (profit for fiscal year 2019 transferred in February 2020).

April 2021 / Investor Relations / Analyst & Investor Factbook 90 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY SYNDICATED REVOLVING CREDIT FACILITY (RCF)

€3.75 BN RCF SIGNED BY TRATON SE ON JULY 28, 2020

• Revolving credit facility secures and streamlines  Ample frame amount liquidity within TRATON GROUP (€3.75 bn)

• Embedded ESG/sustainability link underlines  Comfortable maturity TRATON’s commitment to sustainability matters and TRATON (“3+1+1” years)1 further sets financial incentives for sustainable syndicated business performance RCF  Harmonized bank group (21 lenders) • Credit facility can be drawn in different currencies and serves for general corporate purposes & liquidity  One single loan back-up to the GROUP documentation

The syndicated RCF is an important step to harmonize liquidity within TRATON

Note: Data as of March 31, 2021 1 The facility has a maturity of 3 years and can be extended twice for one year each (“3+1+1” years). April 2021 / Investor Relations / Analyst & Investor Factbook 91 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON GROUP DEBT MATURITY PROFILE

AS OF DECEMBER 31, 2020

TRATON debt maturity profile (€ bn)1 TRATON debt overview (€ bn)

7.0 6.2 TRATON Financial Debt 11.3 0.13 IB debt maturities: 6.0 0.2 thereof IB 2.72 . 2021: €2.1 bn (thereof €1.1 bn thereof FS 8.6 5.0 Volkswagen intercompany) 3.2 Leasing (IFRS 16) 1.0 4.0 . 2022: €0.1 bn TRATON Financial Debt 12.3 3.0 2.4 (incl. Leasing) 0.6 0.13 2.0 1.4 Q1-21 developments 1.0 1.7 1.0 1.0 1.3 1.1 0.2 0.8 • €1 bn Volkswagen intercompany loan 0.6 0.0 0.1 0.2 0.1 0.1 0.2 repaid per March 11, 2021 2021 2022 2023 2024 2025+ • 3 €700 mn Schuldschein issued per VW Group Credit Facilities Bank Loans (IB) Bank Loans (FS) Bonds (EMTN) Commercial Paper ABS March 3, 2021 (€350 mn 3y; €300 mn 5y; Considered IB debt Considered FS debt (Scania)2 €50 mn 7y) • €3 bn bond issued per March 24, 2021 1 Excludes €1 bn of IFRS 16 financial liabilities. 2 €0.5 bn of Scania EMTN funding is considered overfunding and is (technically) allocated towards the IB business from Scania. (€1.0 bn 4y; €1.25 bn 8y; €750 mn 12y) 3 ABS totalling €0.08 bn in 2021 and €0.09 bn in 2022. April 2021 / Investor Relations / Analyst & Investor Factbook 92 AGENDA

April 2021 / Investor Relations / Analyst & Investor Factbook 93 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON GROUP AT A GLANCE

April 2021 / Investor Relations / Analyst & Investor Factbook 94 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – FIVE-YEAR OVERVIEW

April 2021 / Investor Relations / Analyst & Investor Factbook 95 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – STRUCTURE OF SALES REVENUE

April 2021 / Investor Relations / Analyst & Investor Factbook 96 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – CONDENSED INCOME STATEMENT

April 2021 / Investor Relations / Analyst & Investor Factbook 97 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – CONDENSED BALANCE SHEET

April 2021 / Investor Relations / Analyst & Investor Factbook 98 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – CONDENSED CASH FLOW STATEMENT

April 2021 / Investor Relations / Analyst & Investor Factbook 99 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – NET LIQUIDITY

April 2021 / Investor Relations / Analyst & Investor Factbook 100 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – ADJUSTMENTS

Adjustments (€ million) 2016 2017 2018 2019 2020

OPERATING RESULT 727 1,512 1,513 1,884 81

Expense for antitrust proceedings (Scania) 403

Release of restructuring provisions at MAN T&B -50

Expenses in relation to India market exit at MAN T&B 137

Recognition and release of restructuring provisions at VWCO 58 -13

Expenses in connection with the realignment of production 54 facilities Scania V&S

OPERATING RESULT (ADJUSTED) 1,188 1,462 1,650 1,871 135

April 2021 / Investor Relations / Analyst & Investor Factbook 101 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – SUMMARY OF EXPECTED DEVELOPMENT

April 2021 / Investor Relations / Analyst & Investor Factbook 102 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP & INDUSTRIAL BUSINESS– CAPITAL EXPENDITURE & R&D

GROUP - CAPITAL EXPENDITURE BY SEGMENT INDUSTRIAL BUSINESS – RESEARCH & DEVELOPMENT

April 2021 / Investor Relations / Analyst & Investor Factbook 103 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY INDUSTRIAL BUSINESS & FINANCIAL BUSINESS – AT A GLANCE

April 2021 / Investor Relations / Analyst & Investor Factbook 104 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY INDUSTRIAL BUSINESS – UNIT SALES BY COUNTRY

April 2021 / Investor Relations / Analyst & Investor Factbook 105 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY INDUSTRIAL BUSINESS – ADJUSTED EBITDA

Note: Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) reflects the Industrial Business segment’s operating performance before interest, taxes, depreciation, and amortization, after accounting for the use of resources; FY2018 adj EBITDA restated driven by internal reclassification within cash flow statement (relating to a ~€190m appreciation of Sinotruk investment).

April 2021 / Investor Relations / Analyst & Investor Factbook 106 AGENDA

April 2021 / Investor Relations / Analyst & Investor Factbook 107 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY CONTACTS INVESTOR RELATIONS

Rolf Woller Philipp Lotz Head of Treasury & Investor Relations Analysts and Investors, Rating, Debt Capital Markets

+49 89 360 98 335 +49 89 360 98 283 [email protected] [email protected]

Margit Hartmann Thomas Paschen Annual General Meeting, Events Analysts and Investors, Private Investors

+49 89 360 98 381 +49 89 360 98 474 [email protected] [email protected]

Marvin Kalberlah Helga Würtele Analysts and Investors, Consensus Nordic Analysts and Investors, Sustainability

+49 89 360 98 334 +49 151 163 58 157 [email protected] [email protected]

Michael Lankes Annual General Meeting, Events

+49 89 360 98 328 [email protected]

April 2021 / Investor Relations / Analyst & Investor Factbook 108 AGENDA

April 2021 / Investor Relations / Analyst & Investor Factbook 109 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY USEFUL LINKS

Investor Relations Website http://ir.traton.com Newsroom http://traton.com/en/newsroom.html Reports & Presentation http://ir.traton.com/websites/traton/English/3000/reports-_-presentations.html Shares & Financial Figures http://ir.traton.com/websites/traton/English/2000/share-_-financial-figures.html Events http://ir.traton.com/websites/traton/English/8900/events.html Debt & Rating https://ir.traton.com/websites/traton/English/4600/debt-_-rating.html

Navistar Offer https://ir.traton.com/websites/traton/English/4700/navistar-offer.html TRATON GROUP TRATON Sustainability https://traton.com/en/sustainability.html Corporate Governance http://ir.traton.com/websites/traton/English/5000/corporate-governance.html Annual General Meeting http://ir.traton.com/websites/traton/English/6000/annual-general-meeting.html Financial Calendar http://ir.traton.com/websites/traton/English/8000/financial-calendar.html Scania Newsroom https://www.scania.com/group/en/home/newsroom.html MAN Newsroom https://press.mantruckandbus.com/

BRANDS VWCO Newsroom http://www.vwtbpress.com/en/

April 2021 / Investor Relations / Analyst & Investor Factbook 110 TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GLOSSARY

ACE Autonomous driving, connectivity, electrification/alternative fuels MAN T&B MAN Truck & Bus Alliance Partner Commercial vehicles player which has partnership with TRATON Medium-duty truck (MDT) Comprises trucks with weight between 6 and 15 tons NTG Scania’s new truck generation Investment with non-controlling shareholding (e.g. Navistar, Associate Sinotruk) OEM Original equipment manufacturer BEV Battery electric vehicle Operating Result Income from operations as reported by TRATON Byggladan Scania's modular toolbox Paris Agreement 2016 UN agreement on climate goals Relates to Common base engine, TRATON’s 13l common powertrain PGR Truck generation preceding Scania’s NTG CBE platform RoE Return on equity, defined as operating result divided by equity CNG Compressed natural gas RoS Return on Sales, defined as operating result divided by sales revenue CNL Consortium of Austrian companies equipped with eTGM Truck sales / truck sales Truck sales: units of trucks sold; Truck sales revenue: revenue VWCO's asset light production system in which partners/suppliers revenue generated with sold trucks Consórcio Modular operate the production whereas VWCO retains responsibilities such as product development and quality assurance Scania V&S Scania industrial vehicles and services business Operating result plus share of the result of equity-accounted EBIT Incl. Argentina, Brazil, Bolivia, Chile, Colombia, Costa Risa, Ecuador, investments South America Guatemala, Honduras, Nicaragua, Panama, Paraguay, Peru, Uruguay, Euro Emission Standards Regulation defining acceptable limits for exhaust emissions Venezuela (excl. Mexico) Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, EU28+2 EU member states plus Norway and Switzerland Southeast Asia South Korea, Taiwan, Thailand, Vietnam EU27+3 EU member states plus United Kingdom, Norway and Switzerland Strategic Partner All companies which have a partnership with TRATON FAME Fatty Acid Methyl Ester – biodiesel made from various sources TCO Total cost of ownership over product life cycle GZ Scania gearbox used, also used in MAN T&B vehicles North America Includes Canada, Mexico and United States Heavy Duty Truck (HDT) Comprises trucks with weight above 15 tons Vehicles Includes trucks and buses Volkswagen Gebrauchtfahrzeughandels und Service GmbH (sold as HVO Hydrogenated vegetable oil VGSG of Jan-2019) Industrial Business TRATON excluding Scania Financial Services VW Caminhões e Ônibus, also referred to as MAN Latin America in VWCO Light-duty truck (LDT) Comprises trucks with weight below 6 tons MAN SE reporting LNG Liquefied natural gas VW T&B, TRATON AG Predecessor entities of TRATON SE

April 2021 / Investor Relations / Analyst & Investor Factbook 111 www.traton.com

April 2021 / Investor Relations / Analyst & Investor Factbook 112