Volkswagen Group Rus Pavel Stepanek Head of Finance Key figures

Sales 1) Production +33% +4% -1,5% Personnel Retailer [´000 Pieces] +39% [´000 Pieces] 188 185 +38% +2% -4.5% 180 -3% +5% -3.6% +4% 322 -13% +42% 6 500 6 537 +19% 308 6 298 6 074 454 +78% 268 135 +57% +17% 413 431 233 +96% 4 700 +6% 356 +39% 95 287 303 131 3 000 94 49

200920102011201220132014 2009 2010 2011 2012 2013 2014 2009 2010 2011 2012 2013 2014 2009 2010 2011 2012 2013 2014

1) 2011/2012/2013: Inklusive Export

Friends & Family in Russland:

Volkswagen Group Rus | PS | June 2015 2 Market Expectations Car Market May 2015

- Car financing incentives - Scrappage incentives 3,0 - FBU tariff -5% (WTO accession)

- Car financing incentives

- Scrappage incentives 2,0

Millions - Scrappage incentives - Car financing incentives

1,0

0,0 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026

Volkswagen Group Rus | PS | June 2015 3 Russia: Number of car owners is growing

Number of vehicles and commercial vehicles per 1.000 resident

815 Over the last 10 years, parc of cars in Russia grew by almost 60% - 588 from 25.57 million units at the

1) beginning of 2006 to 40.85 million 575 units of the beginning of 2015. At the 568 same time the parcs of the leading European countries are growing with 515 much slower pace. If the trends continue, the Russian parc in 2-3 346 years will be the largest in Europe. 326 401 in 20202)

178

106

28 1) Equals Western Europe 2) 2020 forecast, Source: Autostat, VGR Source: WinFor Study October 2014 (Cars & Trucks); Volkswagen Group; IHS (as per 15 March 2013; rounded numbers.

Volkswagen Group Rus | PS | June 2015 4 Group Ranking Jan-Apr 2015, incl. LCV (vs. Jan-Apr 2014)

сum. сum. Difference in vs. ('000, units) 04/15 04/14 AaKs vs. 2014 1 (3) Hyundai-KIA 103.5 -11.8%

2 (1) AvtoVAZ 91.4 -28.9%

3 (2) Renault-Nissan 85.5 -31.2%

4 (4) Volkswagen Group 54.8 -38.7%

5 (6) Toyota Motor 37.2 -33.1%

6 (5) General Motors 21.0 -71.4%

7 (11) Daimler 17.6 +3.4%

8 (9) GAZ Group 13.4 -34.2%

9 (7) Mitsubishi 12.6 -54.9%

10 (15) UAZ 11.4 -8.7%

11 (14) BMW Group 10.7 -19.9%

12 (13) Mazda 9.3 -41.0%

13 (8) Ford Motor 7.8 -65.5%

14 (10) Daewoo 7.1 -59.3%

15 (16) Geely Group 4.8 -57.4%

16 (19) Jaguar Land Rover 4.2 -42.1%

17 (12) PSA 3.7 -78.0%

18 (21) Lifan 3.1 -54.0%

19 (24) Subaru 2.8 -48.6%

20 (18) SsangYong 2.4 -69.1%

Volkswagen Group Rus | PS | June 2015 5 Source: AEB Locations Volkswagen Group (Rus)

Moscow / Saint Petersburg MAN & Scania Sales and Service

Moscow Russia

NIZHNY NOVGOROD GAZ

KALUGA Moscow Headquater & VOLKSWAGEN FINANCIAL manufactoring SERVICES

Volkswagen Group Rus Volkswagen Group Brands

Volkswagen Group Rus | PS | June 2015 6 Volkswagen Group Rus in Kaluga KALUGA Headquater & manufactoring

basic information vehicles

Škoda Octavia Škoda Fabia (SOP 2009 – EOP 2013) (SOP 2010 – EOP 2014)

Volkswagen Tiguan Investment: ca. €1000 Mio Project (2006-2014) (SOP 2009) (EOP 2015)

Factory capacity: CKD* : 225.000 cars/year SKD**: 45.000 cars/year Staff: 3.993 Employees Škoda Rapid Volkswagen New Polo (SOP 2014) (SOP 2015) (June 2014) Production: 440 cars in 2 Shifts per day

* Completely Knocked Down Volkswagen MQB ** Semi Knocked Down

Volkswagen Group Rus | PS | June 2015 7 Volkswagen Group Rus | PS | June 2015 8 Fertigung in Kaluga KALUGA Headquater & manufactoring

Volkswagen Group Rus | PS | June 2015 9 Volkswagen Group Rus NIZHNY NOVGOROD N. Novgorod GAZ basic information vehicles (CKD)

Škoda Yeti (SOP 2012)

Business model: contract production Factory capacity: CKD: 132.000 cars/year

Investment: €330 Mio (2010-2014) Volkswagen thereof €245 Mio Production (VGR) (SOP 2013) €85 Mio Production (GAZ)

Staff: ca. 3,000 Employees GAZ (2014) ca. 300 Employees VGR (June 2015) Production: 2 Shifts (since 2014) ŠKODA Octavia (SOP 2013)

Volkswagen Group Rus | PS | June 2015 10 Engine Plant Kaluga KALUGA Engine Plant

basic information Engine

EA 211 1.6L Moscow 4V MPI Kaluga

Investment: ca. €192 Mio SOP: CW 18/2015 (Phase 1) Capacity : 600 Engines per day Staff: ca. 300 Employees (Februar 2015) Fuel: Petrol Power: 81 kW Engine torque: 160 Nm Engine size: 1,598 cm³

Volkswagen Group Rus | PS | June 2015 11 Engine Plant Kaluga KALUGA Engine Plant

Volkswagen Group Rus | PS | June 2015 12 Genuine Parts Center (OTC) - Chekhov CHEKHOV OTC

basic information

Opened: May 2015 Storage space: ca. 52,000 sq m Parts: ca. 70,000 different parts Staff: ca. 400 Employees Supplied dealers: > 360

Volkswagen Group Rus | PS | June 2015 13 VW Group dealer network in Russia

550

462 422 434

356 303 287

2009 2010 2011 2012 2013 2014 2018e

Volkswagen Group Rus | PS | June 2015 14 Volkswagen Group Rus: 3 core areas for growth

Efficiency Program

model portfolio & product cycle cost discipline & productivity Strengthening the region

Product lifecycles Strong focus on cost and Operational and financial continuously specific investment discipline robustness of strengthen regional circumstances regional business models Efficiency program rollout adapt and competitive Cost and quality of results Localization of products, environment ensure / improve Manufacturing processes Each model in terms of and components

growth opportunities and contribute to sustainable Scrutinize profitability

Volkswagen Group Rus | PS | June 2015 15