moving people FACTS AND FIGURES Navigator 2016 FACTS AND FIGURES Navigator 2016 The Navigator 2016 web-application is available for tablets, smartphones and PC's: navigator.volkswagenag.com 2 TABLE OF CONTENTS 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 46 Volkswagen Passenger Cars 46 AUDI AG 47 SEAT, S.A. 48 ŠKODA AUTO a.s. 49 BENTLEY MOTORS LIMITED 50 Bugatti 51 Automobili Lamborghini S.p.A. 52 Dr. Ing. h.c. F. Porsche AG 53 Ducati Motor Holding S.p.A. 54 Volkswagen Truck & Bus GmbH 55 MAN SE 56 MAN Truck & Bus AG 57 Scania AB 58 MAN Latin America 59 Volkswagen Commercial Vehicles 60 MAN Diesel & Turbo SE 61 Renk AG 62 Volkswagen Financial Services AG 63 TABLE OF CONTENTS 3 Historical Notes 64 The Model Range of the Volkswagen Group 88 Volkswagen Passenger Cars 88 Audi 97 SEAT 104 ŠKODA 108 Bentley 113 Lamborghini 115 Porsche 116 Ducati 121 Volkswagen Commercial Vehicles 124 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. Due to difficult market conditions in 2015, the number of Group vehicles delivered to customers dropped to 9.931 mil­ lion (2014: 10.137 million). The share of the world passenger car market amounts to 12.3 percent. In Western Europe, nearly one in four new cars (24.4 percent) is made by the Volkswagen Group. Group sales revenue in 2015 totaled €213 billion (2014: €202 billion), while negative earnings after tax amounted to €–1.4 billion (2014: €11.1 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 include 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 119 production plants in 20 European countries and a further 11 countries in the Americas, Asia and Africa. Every weekday, 610,076 employees worldwide produce nearly 42,000 vehicles, and work in vehicle­related services or other fields of business. The Volks wagen Group sells its vehicles in 153 countries. December 31, 2015 6 BOARD OF MANAGEMENT OF VOLKSWAGEN AG Board of Management of Volkswagen Aktiengesellschaft Matthias Müller Chairman Dr. rer. soc. Karlheinz Blessing Human Resources and Organization Dr.-Ing. Herbert Diess Chairman of the Brand Board of Management of Volkswagen Passenger Cars Dr. rer. pol. h.c. Francisco Javier Garcia Sanz Procurement Prof. Dr. rer. pol. Dr.-Ing. E. h. Jochem Heizmann China Dr. jur. Christine Hohmann-Dennhardt Integrity and Legal Affairs Andreas Renschler Commercial Vehicles Prof. Rupert Stadler Chairman of the Board of Management of AUDI AG Frank Witter Finance and Controlling April 15, 2016 SUPERVISORY BOARD www.volkswagenag.com/ir 7 Hans Dieter Pötsch Johan Järvklo (Chairman) Chairman of IF Metall at Scania AB Chairman of the Executive Board and Chief Financial Officer of Dr. Louise Kiesling Porsche Automobil Holding SE Designer and entrepreneur Jörg Hofmann Olaf Lies (Deputy Chairman) Minister of Economic Affairs, Labor First Chairman of IG Metall and Transport for the Federal State of Lower Saxony Peter Mosch Chairman of the General Works Dr. Hussain Ali Al-Abdulla Council of AUDI AG Minister of State and Board Member of Qatar Bernd Osterloh Investment Authority Chairman of the General and Group Works Councils Akbar Al Baker of Volkswagen AG Minister of State and Group Chief Executive of Qatar Airways Dr. jur. Hans Michel Piëch Lawyer in private practice Annika Falkengren President and Group Chief Executive Dr. jur. Ferdinand Oliver Porsche of Skandinaviska Enskilda Banken AB Member of the Board of Management of Familie Porsche AG Dr. jur. Hans-Peter Fischer Beteiligungsgesellschaft Chairman of the Board of Management of Volkswagen Dr. rer. comm. Wolfgang Porsche Management Association Chairman of the Supervisory Board of Porsche Automobil Holding SE, Uwe Fritsch Chairman of the Supervisory Board Chairman of the Works Council of Dr. Ing. h.c. F. Porsche AG at the Volkswagen AG Braunschweig plant Stephan Weil Minister-President of the Federal Babette Fröhlich State of Lower Saxony IG Metall, Department head for coordination of Executive Board Stephan Wolf duties and planning Deputy Chairman of the General and Group Works Councils of Uwe Hück Volkswagen AG Chairman of the General and Group Works Councils of Thomas Zwiebler Dr. Ing. h.c. F. Porsche AG Chairman of the Works Council of Volkswagen Commercial Vehicles December 31, 2015 8 KEY FIGURES VOLKSWAGEN GROUP Volume Data 1 2015 2014 % Vehicle sales (units) 10,009,605 10,217,003 – 2.0 Production (units) 10,017,191 10,212,562 – 1.9 Employees at Dec. 31 610,076 592,586 + 3.0 Financial Data (IFRSs), € million 2015 2014 % Sales revenue 213,292 202,458 + 5.4 Operating result before special items 12,824 12,697 + 1.0 as a percentage of sales revenue 6.0 6.3 Special items 16,893 – x Operating result –4,069 12,697 x as a percentage of sales revenue –1.9 6.3 Earnings before tax –1,301 14,794 x Earnings after tax –1,361 11,068 x Earnings attributable to Volkswagen AG shareholders –1,582 10,847 x Cash-flows from operating activities 13,679 10,784 + 26.8 Cash-flows from investing activities 15,523 16,452 – 5.6 Automotive Division 2 EBITDA 3 7,212 23,100 –68.8 Cash-flows from operating activities 23,796 21,593 + 10.2 Cash flows from investing activities attributable to operating activities 4 14,909 15,476 –3.7 of which: investments in property, plant and equipment 12,738 11,495 + 10.8 as a percentage of sales revenue 6.9 6.5 capitalized development costs 5,021 4,601 + 9.1 as a percentage of sales revenue 2.7 2.6 Net cash flow 8,887 6,117 + 45.3 Net liquidity at Dec. 31 24,522 17,639 + 39.0 Return ratios in % 2015 2014 Return on sales before tax –0.6 7.3 Return on investment in the Automotive Division –0.2 14.9 Return on equity before tax (Financial Services Division) 5 12.2 12.5 www.volkswagenag.com/ir 9 VOLKSWAGEN AG Volume data 2015 2014 % Vehicle sales (units) 2,676,629 2,615,686 + 2.3 Production (units) 1,255,771 1,230,891 + 2.0 Employees at Dec. 31 114,066 112,561 + 1.3 Financial Data (HGB), € million 2015 2014 % Sales 73,510 68,971 + 6.6 Net loss/net income for the year –5,515 2,476 x 1) Volume data including the unconsolidated Chinese joint ventures. 2) Including allocation of consolidation adjustments between the Automotive and Financial Services divisions. 3) Operating result plus net depreciation/amortization and impairment losses/reversals of impairment losses on property, plant and equipment, capitalized development costs, leasing and rental assets, goodwill and financial assets as reported in the cash flow statement. 4) Excluding acquisition and disposal of equity investments: €17,270 million (€15,719 million). 5) Earnings before tax as a percentage of average equity. December 31, 2015 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 Earnings before tax Earnings after tax Cash flows from operating activities Cash flows from investing activities attributable to operating activities www.volkswagenag.com/ir 11 2015 2014 2013 2012 2011 10,010 10,217 9,728 9,345 8,361 1,279 1,247 1,187 1,207 1,211 8,731 8,970 8,541 8,137 7,150 10,017 10,213 9,728 9,255 8,494 2,681 2,559 2,458 2,321 2,640 7,336 7,653 7,270 6,934 5,854 604 583 563 533 454 276 265 255 237 196 329 318 308 296 258 2015 2014 2013 2012 2011 213,292 202,458 197,007 192,676 159,337 –1,301 14,794 12,428 25,487 18,926 –1,361 11,068 9,145 21,881 15,799 13,679 10,784 12,595 7,209 8,500 15,523 16,452 14,936 16,840 16,002 December 31, 2015 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 € Price Performance % Preferred shares Closing € Price Performance % Market capitalization at Dec.