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Traton Group – Creating a Global Champion

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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
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