Use Layouts Volvo Profile colors On the Home tab, in the Slides group, click the down arrow on the New Slide button and select Volvo branded layouts.

Volvo Accent colors

Note that Volvo Broad Pro VOLVO Digital TTF is embedded Only use these in this template. No other approved Volvo colors. version of Volvo Broad Use the colors in 100% (Volvo Broad Pro or Volvo only – never in tints. Broad Outline) may be For more information inserted or copied into the CONSTRUCTION and RGB color codes document as this will break please select the Volvo the embedding and cause Layout “Volvo Brand Volvo Broad to be Colors”. replaced by a default font on other computers. EQUIPMENT The embedding of Volvo Broad Pro Digital does not work on Mac. Corporate Presentation 2017 You must save the final version of the PPT on a PC.

Picture is optional in internal presentations.

Only insert pictures that are in line with the Volvo tonality for pictures. See Volvo Brand Communication Guideline for further information.

Compress Pictures Select the picture and dubble click. On the Format tab, in the Adjust group, click the Compress Pictures button. Volvo CE Corporate Presentation 2017 2 THE VOLVO GROUP

Volvo CE Corporate Presentation 2017 3 Volvo Group 2016

Day in and day out, all around the year, people’s decisions and basic needs create demand for transports and infrastructure solutions. Without the type of products and services the Volvo Group provides, the societies where many of us live would not function. Together we move the world.

Volvo CE Corporate Presentation 2017 4 The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Volvo Group also provides complete solutions for financing and service.

Volvo CE Corporate Presentation 2017 5 The Volvo Group, which employs about 100,000 people, has production facilities in 18 countries and sales of products in more than 190 markets.

Volvo CE Corporate Presentation 2017 6 On the road In the city

Off road At sea

Volvo CE Corporate Presentation 2017 7 Passion for customer success

The majority of the Volvo Group’s customers are companies within the transportation or infrastructure industries. The realibility and productivity of the products are important and in many cases crucial to our customers success and profitability.

Volvo CE Corporate Presentation 2017 8 The employer of choice

Customer success We make our customers win. Trust We trust each other. Passion We have passion for what we do. Change We change to stay ahead. Performance We are profitable to shape our future.

Volvo CE Corporate Presentation 2017 9 Our Organization

CEO and Group Executive Board

Group Functions Truck Divisions

Group Group Group Trucks Trucks Trucks Technology Operations Purchasing

Business Areas

Volvo Govern- Volvo Renault Value Trucks UD Trucks Construction Volvo Penta mental Financial Trucks & JV:s Equipment Sales Services

Our Customers

Volvo CE Corporate Presentation 2017 10 OurVision vision

Be the most desired and successful transport solution provider in the world

Volvo CE Corporate Presentation 2017 11 Our mission

Driving prosperity through transport solutions

Volvo CE Corporate Presentation 2017 12 Global industrial structure

Volvo CE Corporate Presentation 2017 13 Volvo Group 2016, SEK bn

Net Sales Operating income

301,9 20,8

11 12 13 14 15 16 11 12 13 14 15 16

Volvo CE Corporate Presentation 2017 14 Volvo Construction Equipment 2016, SEK bn

Net Sales Operating income

50,7

2,2

11 12 13 14 15 16 11 12 13 14 15 16

Volvo CE Corporate Presentation 2017 15 VOLVO CONSTRUCTION EQUIPMENT

Volvo CE Corporate Presentation 2017 16 • Develops, manufactures and markets equipment for construction and related industries • Broad range of products and services • Range of solutions in financing and used equipment • Part of the Volvo Group

Volvo CE Corporate Presentation 2017 17 Our employees

10

5345 Europe Americas 7232 Asia ROW

1413

Total as of January 2017 = 14,000

* These figures exclude temporary employees, hired services and consultants.

Volvo CE Corporate Presentation 2017 18 Our products

Volvo CE Corporate Presentation 2017 19 Customer solutions

Our products and services Customer Solutions Customer Solutions is the enhance the customer's is a key contributor to part of the organization experience and satisfaction Volvo CE’s business that creates products to and drive a greater brand engage customers experience throughout the entire machine lifecycle FINANCIAL SERVICES

USED ATTACHMENTS EQUIPMENT

RENTAL SERVICE BUSINESS SOLUTIONS

PARTS

Volvo CE Corporate Presentation 2017 20 Volvo CE organization: a global company

HQ PLANTS REGIONAL SALES OFFICES HQ

Volvo CE Corporate Presentation 2017 21 Sales Regions

Americas EMEA Volvo brand dealers: 45 Volvo brand dealers: 71 Locations: 244 Locations: 575 Sales persons: 488 Sales persons: 774 Technicians: 1 410 Technicians: 2 992

China Volvo Brand Dealers:37 Locations:282 Sales persons:522 Technicians:879

Volvo CE dealers globally Volvo Exclusive: 154 APAC SDLG Exclusive: 188 Volvo brand dealers: 36 Dual Brand (Volvo/SDLG): 58 Locations: 406 Terex Trucks Exclusive: 111 Sales persons: 519 Terex Trucks Multi Brand: 7 Technicians: 2 312

Volvo CE Corporate Presentation 2017 22 OUR CORE Safety first VALUES Always

Our quality

Environmental care

Volvo CE Corporate Presentation 2017 23 SAFETY FIRST ALWAYS

Volvo CE Corporate Presentation 2017 24 Volvo Construction Equipment is a recognized industry leader in the field of safety. We approach safety on 3 levels: • PERSONAL SAFETY • WORKSITE SAFETY • MACHINE SAFETY By continuously improving products, tools and competence, we are step by step approaching our vision.

A safe and healthy work environment People are the most important asset for Volvo Construction Equipment. Providing a safe and healthy work environment is essential to our business success. We are proactively addressing all improvement areas, contributing to the goal of being the most attractive employer in the industry!

Watch our SAFETY VIDEO on YouTube

Volvo CE Corporate Presentation 2017 25 Our vision ZERO ACCIDENTS WITH VOLVO PRODUCTS

Volvo CE Corporate Presentation 2017 26 OUR QUALITY

Volvo CE Corporate Presentation 2017 27 • Volvo Construction Equipment’s commitment to quality starts by our vision is to be the model of excellence and care. • Delivering a total quality experience to Fleet Owners, Operational Managers as well as those who operate our machines is key.

Watch our QUALITY VIDEO on YouTube

Volvo CE Corporate Presentation 2017 28 Our vision TO DELIVER THE NUMBER ONE TOTAL QUALITY EXPERIENCE

Volvo CE Corporate Presentation 2017 29 ENVIRONMENTAL CARE

Volvo CE Corporate Presentation 2017 30 • In 1972 Pehr G Gyllenhammar, former President and CEO, stated “We are part of the problem but also part of the solution”, and this is still valid. • 2015-2020 Climate Savers partnership with the World Wide Fund for Nature (WWF) addresses e.g.: – Increased machine fuel efficiency through improvements of existing products and advanced technologies – Production site energy efficiency – Customer site efficiency enhancements by improved operator behavior and machine utilization – Hosting of the Construction Climate Challenge (CCC) program.

Watch Volvo CE President Martin Weissburg introducing the CCC on YouTube

Volvo CE Corporate Presentation 2017 31 Volvo CE is part of Volvo Group’s WWF Climate Savers partnership. We are committed to be a climate leader within the global construction equipment industry.

Our vision TO BECOME THE WORLD LEADER IN SUSTAINABLE TRANSPORT SOLUTIONS

Volvo CE Corporate Presentation 2017 32 OUR PURPOSE To build the world we want to live in

At Volvo CE we are driven by the idea that through imagination, hard work and technological innovation we will lead the way towards developing a world that is cleaner, smarter, and more connected.

We believe in a sustainable future. And with the global construction industry as our arena, we work together with our customers to turn this belief into reality for people everywhere. That is our purpose, and we live and breathe it. Every day.

Volvo CE Corporate Presentation 2017 33 INNOVATION LEADERSHIP

Volvo CE Corporate Presentation 2017 34 The Triple Zero – Our aspiration, Our challenge

Volvo CE Corporate Presentation 2017 35 The technology shifts

Volvo CE Corporate Presentation 2017 36

PRODUCT AND SERVICE LEADERSHIP

Volvo CE Corporate Presentation 2017 37 World’s biggest articulated hauler

THE A60

Volvo CE Corporate Presentation 2017 38 Efficient business partners

22% MORE FUEL EFFICIENCY 6.5 % GREATER PRODUCTIVITY 17 % LESS FUEL CONSUMED

Volvo CE Corporate Presentation 2017 39 Volvo Co-Pilot shortlisted for human- machine interface (HMI) award

Volvo CE Corporate Presentation 2017 40 Electric load carrier concept wins prestigious global award

Volvo CE Corporate Presentation 2017 41 BACK-UP SLIDES

Volvo CE Corporate Presentation 2017 42 Only insert pictures that are in line with Company leadership the Volvo tonality for pictures. See Volvo Brand Communication Guideline for further information

Compress Pictures Select the picture Martin and dubble click. Weissburg On the Format tab, President in the Adjust group, click the Compress Pictures button

Patrik Lundblad Jean-Marc des Tomas Kuta Thomas Bitter Technology Courieres Sales Marketing & Operations Product Portfolio

Image mssing

Bill Law Diana Niu Edvard Carleson Carl Lockwood Philippe Henriette Anders Larsson Corporate Human Resources Legal Strategy Finance Volvo CE Investment Communication China and Lingong Integration Office

Volvo CE Corporate Presentation 2017 43 Only insert pictures that are in line with Industrial footprint Plant R&D the Volvo tonality for pictures. See Volvo Brand Communication Motherwell, Scotland Braås, Sweden Arvika, Kaluga, Changwon, Guideline for further information Sweden Russia Korea

Compress Pictures Select the picture Shippensburg, US Hallsberg, Eskilstuna, and dubble click. Wrocław, On the Format tab, Sweden Sweden in the Adjust group, Poland click the Compress Pictures button Pyeongtaek, Korea

Jinan, China Pederneiras, Brazil Linyi, China

Pederneiras, Brazil Linyi, China

Hameln, Germany Konz, Germany Belley, France Bangalore, India Shanghai, China

Volvo CE Corporate Presentation 2017 Internal use only 44 Volvo CE Customer types and industry segments

Customer Types* Industry Segments* Utilities; 2% Oil & Gas; 1% Contractor Demolition; 1% (Projects) Recycling & 64% Waste; 4% Rental Material Provider Handling; 3% 17% Mining; 5% Building; 29% Forestry; 2% Quarries & Aggregates; 8%

Agriculture & Producer (Site Landscaping; Dependent) 8% 12%

Road Heavy Infrastructure, Construction; 22% OtherGovernmental 17% 4% 4% * As of December 2016

Volvo CE Corporate Presentation 2017 45 The growth of Volvo CE

90 000 Terex Trucks

80 000 Ingersoll-Rand (2007)

Lingong (2006) 70 000 Skat Trak (2003)

Backhoe Loaders (2002) 60 000 Samsung (1998)

Champion (1997) 50 000 PelJob (1995)

40 000 Zettelmeyer (1990) Wheel Loaders

30 000 Articulated Haulers

20 000

10 000

0 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (Units)

Volvo CE Corporate Presentation 2017 46 The evolution of our company

Financial Services Attachments

Used Services

Equipment Solutions

Rental

Business Parts Customer Offer Customer

1991 2007

2003 Total solutions

1997 provider

2002 2006

1990 1991 1996 Multi-Specialist

1966

1954 Specialist

Time

Volvo CE Corporate Presentation 2017 47 Volvo CE vs. Industry: Share by Machine Range

Industry (Volvo CE Portfolio)* Volvo Construction Equipment*

15% 6% 1%

11% 48% 43% 35%

20%

6% 15% 48% Excavators 42% Excavators 6% Haulers 5% Haulers 20% Loaders 42% Loaders 11% Road 7% Road 13% Utilities 4% Utilities * As of December 2016

Volvo CE Corporate Presentation 2017 48 Volvo CE vs. Industry: Share by Region

Industry (Volvo CE Portfolio)* Volvo Construction Equipment*

RoW RoW Europe 10% 10% 17% Asia Asia Excl. Excl. China China Europe 17% 14% 39%

China North 15% China America 16% 35% Latin North America America 5% Latin America 19% 3% * As of end of December 2016

Volvo CE Corporate Presentation 2017 49 Three distinct construction brands

• Complementary offer • Broader customer base

Volvo CE Corporate Presentation 2017 Internal use only 50 Quarry & Aggregates

Volvo CE Corporate Presentation 2017 51 Building

Volvo CE Corporate Presentation 2017 52 Utilities

Volvo CE Corporate Presentation 2017 53 Road construction

Volvo CE Corporate Presentation 2017 54 Oil & Gas

Volvo CE Corporate Presentation 2017 55 Demolition

Volvo CE Corporate Presentation 2017 56 Waste & Recycling

Volvo CE Corporate Presentation 2017 57 Forestry

Volvo CE Corporate Presentation 2017 58 Mining

Volvo CE Corporate Presentation 2017 59