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moving progress FACTS AND FIGURES Navigator 2015 FACTS AND FIGURES Navigator 2015 The Navigator 2015 web-application is available for tablets and PC's: navigator.volkswagenag.com TABLE OF CONTENTS 3 The Volkswagen Group 4 Board of Management of Volkswagen AG 6 Supervisory Board 7 Key Figures 8 Five-Year Review 10 Volkswagen Share Key Figures 12 Production Sites 14 Germany 14 Europe 18 North/South America 24 South America/South Africa 25 Asia/Pacific 26 Group Production Sites 30 Deliveries of Vehicles to Customers 34 Environment and Transport 36 Developments in Workforce 38 Employees in Technical Development 42 Procurement Volumes by Brand and Company 44 Organizational Charts 45 Volkswagen Passenger Cars 45 Audi 46 SEAT 47 ãKODA 48 Bentley 49 Bugatti 50 Lamborghini 51 Porsche 52 Ducati 53 Volkswagen Commercial Vehicles 54 Scania 55 MAN SE 56 Volkswagen Financial Services AG 57 Historical Notes 58 The Model Range of the Volkswagen Group 88 Volkswagen Passenger Cars 90 Audi 97 SEAT 104 ãKODA 108 Bentley 113 Bugatti 115 Lamborghini 115 Porsche 116 Ducati 120 Volkswagen Commercial Vehicles 123 Scania 130 MAN 131 MAN Latin America 133 Other Business Fields 134 4 THE VOLKSWAGEN GROUP The Volkswagen Group with its headquarters in Wolfsburg is one of the world’s leading automobile manufacturers and the largest carmaker in Europe. In 2014, the Group increased the number of vehicles delivered to customers to 10.137 million (2013: 9.731 million). The share of the world passenger car market amounts to 12.9 percent. In Western Europe, more than one in four new cars (25.1 per cent) is made by the Volkswagen Group. Group sales revenue in 2014 totaled €202 billion (2013: €197 billion), while profit after tax amounted to €11.1 billion (2013: €9.1 billion). The Group comprises twelve brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. Each brand has its own character and operates as an in dependent entity on the market. The product spectrum ranges from motorcycles to lowconsumption small cars and luxury vehicles. In the commercial vehicle sector, the products in clude ranges from pickups, buses and heavy trucks. www.volkswagenag.com 5 The Volkswagen Group is also active in other fields of business, manufacturing largebore diesel engines for marine and stationary applications (turnkey power plants), turbochargers, turbomachinery (steam and gas turbines), compressors and chemical reactors. It also produces vehicle transmissions, special gear units for wind turbines, slide bearings and couplings as well as testing systems for the mobility sector. In addition, the Volkswagen Group offers a wide range of financial services, including dealer and customer financing, leasing, banking and insurance activities, and fleet manage ment. The Group operates 118 production plants in 20 European countries and a further 11 countries in the Americas, Asia and Africa. Every weekday, 592,586 employees worldwide produce nearly 41,000 vehicles, and work in vehiclerelated services or other fields of business. The Volks wagen Group sells its vehicles in 153 countries. The Group’s goal is to offer attractive, safe and environ mentally sound vehicles which can compete in an increasingly tough market and set world standards in their respective class. December 31, 2014 6 BOARD OF MANAGEMENT OF VOLKSWAGEN AG Board of Management of Volkswagen Aktiengesellschaft Prof. Dr. Dr. h.c. mult. Martin Winterkorn Chairman, Research and Development Dr. rer. pol. h.c. Francisco Javier Garcia Sanz Procurement Prof. Dr. rer. pol. Dr.-Ing. E. h. Jochem Heizmann China Christian Klingler Sales and Marketing Matthias Müller Chairman of the Board of Management of Dr. Ing. h.c. F. Porsche AG N.N. Production Prof. Dr. rer. pol. Horst Neumann Human Resources and Organization Hans Dieter Pötsch Finance and Controlling Andreas Renschler Commercial Vehicles Prof. Rupert Stadler Chairman of the Board of Management of AUDI AG March 1, 2015 SUPERVISORY BOARD www.volkswagenag.com/ir 7 Hon.-Prof. Dr. techn. h.c. Olaf Lies Dipl.-Ing. ETH Ferdinand K. Piëch Minister of Economic Affairs, Labor (Chairman) and Transport for the Federal State of Lower Saxony Berthold Huber (Deputy Chairman) Hartmut Meine IG Metall Director of the Lower Saxony and Saxony-Anhalt Regional Office of IG Metall Dr. Hussain Ali Al-Abdulla Board Member of Qatar Peter Mosch Investment Authority Chairman of the General Works and Board Member of Council of AUDI AG Qatar Holding LLC Bernd Osterloh Ahmad Al-Sayed Chairman of the General and Minister of State, Qatar Group Works Councils of Volkswagen AG Jürgen Dorn Chairman of the Works Council at Dr. jur. Hans Michel Piëch the MAN Truck & Bus AG Munich Lawyer in private practice plant, Chairman of the General Works Council of MAN Truck & Bus Ursula Piëch AG and Chairman of the Group Supervisory Board Member Works Council and the SE Works of AUDI AG Council of MAN SE Dr. jur. Ferdinand Oliver Porsche Annika Falkengren Member of the Board of President and Group Chief Management of Familie Porsche Executive of Skandinaviska AG Beteiligungsgesellschaft Enskilda Banken AB Dr. rer. comm. Wolfgang Porsche Dr. jur. Hans-Peter Fischer Chairman of the Supervisory Board Chairman of the Board of of Porsche Automobil Holding SE, Management of Volkswagen Chairman of the Supervisory Board Management Association of Dr. Ing. h.c. F. Porsche AG Uwe Fritsch Stephan Weil Chairman of the Works Council Minister-President of the Federal at the Volkswagen AG Brunswick State of Lower Saxony plant Stephan Wolf Babette Fröhlich Deputy Chairman of the General IG Metall, Department head for and Group Works Councils of coordination of Executive Board Volkswagen AG duties and planning Thomas Zwiebler Chairman of the Works Council of Volkswagen Commercial Vehicles December 31, 2014 8 KEY FIGURES VOLKSWAGEN GROUP Volume Data 1 2014 2013 % Vehicle sales (units) 10,217,003 9,728,250 + 5.0 Production (units) 10,212,562 9,727,848 + 5.0 Employees at Dec. 31 592,586 572,800 + 3.5 Financial Data (IFRSs), € million 2014 2013 % Sales revenue 202,458 197,007 + 2.8 Operating profit 12,697 11,671 + 8.8 Profit before tax 14,794 12,428 + 19.0 Profit after tax 11,068 9,145 + 21.0 Profit attributable to Volkswagen AG shareholders 10,847 9,066 + 19.6 Cash flows from operating activities 10,784 12,595 – 14.4 Cash flows from investing activities attributable to operating activities 16,452 14,936 + 10.2 Automotive Division 2 EBITDA 3 23,100 20,594 + 12.2 Cash flows from operating activities 21,593 20,612 + 4.8 Cash flows from investing activities attributable to operating activities 4 15,476 16,199 – 4.5 of which: capex 11,495 11,040 + 4.1 as a percentage of sales revenue 6.5 6.3 capitalized development costs 4,601 4,021 + 14.4 as a percentage of sales revenue 2.6 2.3 Net cash flow 6,117 4,413 + 38.6 Net liquidity at Dec. 31 17,639 16,869 + 4.6 Return ratios in % 2014 2013 Return on sales before tax 7.3 6.3 Return on investment (ROI) in the Automotive Division 14.9 14.5 Return on equity before tax (Financial Services Division) 5 12.5 14.3 www.volkswagenag.com/ir 9 VOLKSWAGEN AG Volume Data 2014 2013 % Vehicle sales (units) 2,615,686 2,495,745 + 4.8 Production (units) 1,230,891 1,169,151 + 5.3 Employees at Dec. 31 112,561 107,559 + 4.7 Financial Data (HGB), € million 2014 2013 % Sales 68,971 65,587 + 5.2 Net income for the year 2,476 3,078 – 19.6 1) Volume data including the unconsolidated Chinese joint ventures. 2) Including allocation of consolidation adjustments between the Automotive and Financial Services divisions. 3) Operating profit plus net depreciation / amortization and impairment losses / reversals of impairment losses on property, plant and equipment, capitalized development costs, lease assets, goodwill and financial assets as reported in the cash flow statement. 4) Excluding acquisition and disposal of equity investments: €15,719 million (€14,497 million). 5) Profit before tax as a percentage of average equity. December 31, 2014 10 FIVE-YEAR REVIEW Volume Data (thousands) Vehicle Sales (units) Germany Abroad Production (units) Germany Abroad Employees (yearly average) Germany Abroad Financial Data (in € million) Sales revenue Profit before tax Profit after tax Cash flows from operating activities Cash flows from investing activities attributable to operating activities www.volkswagenag.com/ir 11 2014 2013 2012 2011 2010 10,217 9,728 9,345 8,361 7,278 1,247 1,187 1,207 1,211 1,059 8,970 8,541 8,137 7,150 6,219 10,213 9,728 9,255 8,494 7,358 2,559 2,458 2,321 2,640 2,115 7,653 7,270 6,934 5,854 5,243 583 563 533 454 389 265 255 237 196 178 318 308 296 258 210 2014 2013 2012 2011 2010 202,458 197,007 192,676 159,337 126,875 14,794 12,428 25,487 18,926 8,994 11,068 9,145 21,881 15,799 7,226 10,784 12,595 7,209 8,500 11,455 16,452 14,936 16,840 16,002 9,278 December 31, 2014 12 VOLKSWAGEN SHARE KEY FIGURES Dividend development Number of no-par value shares at Dec. 31 Ordinary shares thousands Preferred shares thousands Dividend 1 per ordinary share € per preferred share € Share price development 2 Ordinary shares Closing € Annual high € Annual low € Preferred shares Closing € Annual high € Annual low € Market capitalization at Dec. 31 € billion Equity attributable to Volkswagen AG shareholders and hybrid capital investors at Dec.