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VWAG Facts and Figures 2007 FACTSANDFIGURES NAVIGATOR2007 TABLE OF CONTENTS Table of contents 1 The Volkswagen Group 2 Board of Management of Volkswagen AG 4 Supervisory Board 5 Key Figures of the Volkswagen Group 6 Five-Year Review 8 Volkswagen Share Key Figures 10 Share Price Development from Dec. 2001 to Dec. 2006 12 Significant Group Companies 14 Production Network 16 Germany 16 Europe 18 North/South America and South Africa 22 Asia/Pacific 23 Deliveries to Customers 24 Competitive Situation 31 Market Shares of New Passenger Car 31 Registrations by Country New Passenger Registrations by Market 32 Countries with Direct Dealer or Importer Contracts 34 Developments in Workforce 40 Employees in Technical Development 44 General Procurement Information 46 Procurement Volumes by Brand and Company 46 Organizational Charts 47 Volkswagen Passenger Cars 47 Audi 48 Bentley 49 Bugatti 50 Lamborghini 51 SEAT 52 ãkoda 53 Volkswagen Commercial Vehicles 54 Volkswagen Financial Services AG 55 Historical Notes 56 The Current Model Range of the Volkswagen Group 76 Volkswagen Passenger Cars 76 Audi 81 Bentley and Bugatti 84 Lamborghini 85 SEAT 86 ãkoda 87 Volkswagen Commercial Vehicles 89 THE VOLKSWAGEN GROUP www.volkswagen-media-services.com The Volkswagen Group with its headquarters in Wolfsburg is Each brand has its own character and operates as an in­ one of the world’s leading automobile manufacturers and the dependent entity on the market. The product range extends largest carmaker in Europe. In 2006, the Group increased the from low­consumption small cars to luxury class vehicles. number of vehicles delivered to customers to 5.734 million In the commercial vehicle sector, the product offering spans (2005: 5.243 million), corresponding to a 9.7 percent share of pick ups, busses and heavy trucks. the world passenger car market. The Group operates 44 production plants in twelve European In Western Europe, the largest car market in the world, nearly countries and a further six countries in the Americas, Asia every fifth new car (19.9 percent) comes from the Volkswagen and Africa. Around the world, almost 325,000 employees Group. Group sales rose in 2006 to 104.9 billion Euros produce over 24,500 vehicles or are involved in vehicle­ (2005: 95.3 billion). Profit after tax in the 2006 financial related services. The Volkswagen Group sells its vehicles year amounted to 2.75 billion Euros (2005: 1.12 billion) in more than 150 countries. The Group is made up of eight brands from six European It is the goal of the Group to offer attractive, safe and countries: Volkswagen, Audi, Bentley, Bugatti, Lamborghini, environmentally sound vehicles which are competitive SEAT, Skoda and Volkswagen Commercial Vehicles. on an increasingly tough market and which set world standards in their respective classes. December 31, 2006 BOARD OF MANAGEMENT OF VOLKSWAGEN AG SUPERVISORY BOARD www.volkswagen-ir.de Hon.-Prof. Dr. techn. h.c. Dipl.-Ing. ETH Jürgen Peters Ferdinand K. Piëch Deputy Chairman, Chairman 1st Chairman of Industriegewerk- schaft Metall (IG Metall – German Metalworkers’ Union) Andreas Blechner Peter Mosch Chairman of the Works Council at Chairman of the General Works the Volkswagen AG Salzgitter plant Council of AUDI AG Elke Eller Ulrich Neß Board of Management of Volkswagen Aktiengesellschaft IG Metall, Chairman of the Board of Manage- Executive Committee 01, ment of Volkswagen Management Executive Director of the Association (VMA) Prof. Dr. rer. nat. Martin Winterkorn Otto Brenner Foundation Chairman, Roland Oetker Technical Development, Dr. jur Michael Frenzel Managing Partner of Sales Chairman of the ROI Verwaltungsgesellschaft mbH, Board of Management of TUI AG President of Deutsche Schutzvereini- gung für Wertpapierbesitz e.V. Francisco Javier Garcia Sanz Dr. jur. Hans Michael Gaul Procurement Member of the Board of Manage- Bernd Osterloh ment of E.ON AG Chairman of the Group and General Prof. Dr. rer. pol. Jochem Heizmann Works Councils of Volkswagen AG Dr. Jürgen Großmann Production Managing Partner of Prof. Dr. jur. Dr.-Ing. e.h. Georgsmarienhütte Holding GmbH Heinrich v. Pierer Dr. rer. pol. Horst Neumann Chairman of the Supervisory Board Human Resources and Organization Holger P. Härter of Siemens AG Member of the Executive Board of Dr. Ing. h.c. F. Porsche AG Jürgen Stumpf Hans Dieter Pötsch Finance and Controlling Chairman of the Works Council at the Finance and Controlling Volkswagen AG Kassel plant Walter Hirche Minister of Economic Affairs, Bernd Wehlauer Labor and Transport for the Deputy Chairman of the Group Federal State of Lower Saxony and General Works Councils of Volkswagen AG Olaf Kunz Member of Executive Committee 02 Dr. Wendelin Wiedeking of IG Metall with responsibility for President and CEO of Codetermination and Corporate Law Dr. Ing. h.c. F. Porsche AG Günter Lenz Christian Wulff Chairman of the Works Council for Prime Minister for the the Commercial Vehicles Business Federal State of Lower Saxony February 1, 2007 December 31, 2006 KEY FIGURES OF THE VOLKSWAGEN GROUP www.volkswagen-ir.de Volume Data 2006 2005 % Return ratios in % 2006 2005 1) Vehicle sales (units) 5,720,096 5,192,576 + 10.2 Return on sales before tax (continuing operations) 1.7 1.7 Production (units) 5,659,578 5,219,478 + 8.4 Return on investment after tax Employees at Dec. 31 324,875 344,902 - 5.8 (Automotive Division) 2.0 2.4 Financial Data (IFRSs), € million 2006 2005 1) % Return on equity before tax (Financial Services Division) 3) 16.9 18.2 Sales revenue 104,875 93,996 + 11.6 Operating profit before special items 4,383 2,889 + 51.7 Special items 2,374 351 x Operating profit 2,009 2,538 - 20.8 Profit before tax from continuing operations 1,793 1,621 + 10.6 Profit from continuing operations 1,955 1,050 + 86.2 Profit from discontinued operations 795 70 x Profit after tax 2,750 1,120 + 145.4 Cash flows from operating activities 14,470 10,709 + 35.1 Cash flows from investing activities 11,911 10,365 + 14.9 Automotive Division 2): Cash flows from operating activities 11,745 8,112 + 44.8 Cash flows from investing activities 6,114 5,721 + 6.9 of which: investments in property, plant and equipment 3,644 4,316 - 15.6 as a percentage of sales revenue 3.8 5.0 capitalized development costs 1,478 1,432 + 3.2 1) Restated as a percentage of sales revenue 1.5 1.7 2) Including allocation of consolidation adjustments Net cash flow 5,631 2,391 + 135.5 between the Automotive and Financial Services Divisions. Net liquidity at Dec. 31 7,133 706 x 3) Profit before tax as % of average equity (continuing operations). December 31, 2006 FIVE-YEAR REVIEW www.volkswagen-ir.de 2006 2005* 2004 2003 2002 Vehicle Sales (units) thousands 5,720 5,193 5,143 5,016 4,996 Germany 1,093 1,019 940 916 908 Abroad 4,627 4,174 4,203 4,100 4,088 Production (units) thousands 5,660 5,219 5,093 5,021 5,023 Germany 1,935 1,913 1,832 1,740 1,781 Abroad 3,725 3,306 3,261 3,281 3,242 Employees (yearly average) thousands 329 345 343 335 324 Germany 174 179 179 174 168 Abroad 155 166 164 161 156 Sales revenue (in € million) 104,875 93,996 88,963 84,813 85,293 Profit before tax from continuing operations (in € million) 1,793 1,621 1,088 1,354 3,986 Profit from continuing operations (in € million) 1,955 1,050 697 1,003 2,597 Cash flows from operating activities (in € million) 14,470 10,709 11,457 8,371 10,460 Cash flows from investing activities (in € million) 11,911 10,365 15,078 15,464 16,016 * Financial Data restated December 31, 2006 0 VOLKSWAGEN SHARE KEY FIGURES www.volkswagen-ir.de Dividend development 2006 2005 2004 2003 2002 Number of no-par value shares at Dec. 31 Ordinary shares thousands 286,980 321,930 320,290 320,290 320,290 Preferred shares thousands 105,238 105,238 105,238 105,238 105,238 Dividend per ordinary shares € 1.25 1.15 1.05 1.05 1.30 per preferred shares € 1.31 1.21 1.11 1.11 1.36 Share price development 1) 2006 2005 2004 2003 2002 Ordinary shares Closing € 85.89 44.61 33.35 44.15 34.74 Annual high € 85.89 54.01 44.65 46.57 62.15 Annual low € 45.10 31.88 30.71 28.66 32.96 Preferred shares Closing € 56.55 32.50 24.41 28.75 25.00 Annual high € 56.55 40.00 28.97 31.55 40.75 Annual low € 32.85 24.00 21.20 21.05 23.60 Market capitalization at Dec. 31 € billion 30.6 15.9 11.9 15.3 12.3 Equity at Dec. 31 € billion 26.9 23.6 22.6 23.8 24.6 Market capitalization: equity 1.14 0.67 0.52 0.65 0.50 Key figures per share 2006 20052) 2004 2003 2002 Earnings per ordinary share from continuing and discontinued operations basic € 7.07 2.90 1.79 2.54 6.72 diluted € 7.04 2.90 1.79 2.54 6.72 3) Operating profit € 5.18 6.60 4.28 4.18 12.24 3) Cash flows from operating activities € 37.32 27.86 29.85 21.81 27.29 4) Equity € 68.59 55.25 53.19 55.83 57.89 5) Price/earnings ratio factor 12.1 15.4 18.6 17.4 5.2 5) Price/cash flow ratio factor 2.3 1.6 1.1 2.0 1.3 Dividend yield ordinary share % 1.5 2.6 3.1 2.4 3.7 preferred share % 2.3 3.7 4.5 3.9 5.4 Price development (excluding dividends) ordinary share % + 92.5 + 33.8 - 24.5 + 27.1 - 33.8 preferred share % + 74.0 + 33.1 - 15.1 + 15.0 - 28.3 Turnover on German stock exchanges 6) 2006 2005 2004 2003 2002 Turnover of Volkswagen ordinary shares € billion 50.5 30.9 24.3 23.9 26.3 million shares 770.4 735.7 682.0 641.1 553.1 Volkswagen share of total DAX turnover % 3.9 3.3 3.1 3.2 3.3 1) Xetra prices.
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