大众汽车集团投资者关系路演报告

Disclaimer The following presentations as well as remarks/comments and explanations in this context contain forward-looking statements on thebusiness development of the Volkswagen Group. These statements are based on assumptions relating to the development of theeconomic, political and legal environment in individual countries, economic regions and markets, and in particular for the automotive At the time of preparing these presentations, it is not yet possible to conclusively assess the specific effects of the latest developments inthe Russia-Ukraine conflict on the Volkswagen Group’s business, nor is it possible to predict with sufficient certainty to whatextentfurther escalation of the Russia-Ukraine conflict will impact on the global economy and growth in the industry in fiscal year 2024. Any changes in significant parameters relating to our key sales markets, or any significant shifts in exchange rates, energyandothercommodities or the supply with parts relevant to the Volkswagen Group will have a corresponding effect on the development ofourbusiness. In addition, there may also be departures from our expected business development if the assessments of the factorsinfluencing We do not update forward-looking statements retrospectively. Such statements are valid on the date of publication and can besuperseded. This information does not constitute an offer to exchange or sell or an offer to exchange or buy any securities. Volkswagen–Mobility for Generations to Come Global champion with strong brands Volkswagen Group Steering Matrix Fourtechnology platformsfoster cooperation amongbrand groups FY 2024: Diversified by geography, brand groups and segments 1Model launchesdriving market success andstrong order intakemomentum across ICEs and BEVs2Operating performance in H1 within previously guided bandwidth 3Full year outlook adjusted, reflecting expected headwinds from US tariffs 4Cost discipline and restructuringstarting to pay off, butaccelerated effortsneeded tocompensate additional headwinds Financial Overview Operating performance in H1 within previously guided bandwidth Volkswagen Group ModelLaunches S T RO N G Deliveriesin H1 2025at4.4 million units(+1%) Key take-aways from China Strategy Update From 2025 onwards, our strategy will manifest itself with a strong modelcampaign of new generation ICVs H1ResultsHeavilyImpactedby US TradeTariffs Costs related to additional US tariffs amounted to € 1.3bn YTD Strategic growth marketand key region for globalsoftware strategy Strong commitmentevidencedby Scout production new-build and Rivian Investments of>$ 14bninUS in local production,partnerships & technology Growth strategy North America: Scout world premiere Entry into highly profitablesegments from 2028 on:Pickups & rugged SUVs Strengthening of position in NARwithheritage brandthat greatlymeets customers’ desires High adaptability withBEV and gasoline VolkswagenGroup Partnership progresses fast on technology side | further milestone reached in Q2 2025 SignificantProgress inDriverlessServices Turnkey solution for fully autonomous mobility services Safe, scalable, turnkey: “MOIASolution”provides complete Equipped with27 sensorsgeneratingcomprehensive 360° Volkswagen&Uberstrategicpartnershipto deploy CostProgramsStartingto Show FirstEffects Comprehensive restructuring initiatives across Volkswagen Group “Agreement for the Future” “Zukunft Volkswagen” •Agreement reached to reduce workforce by7,500until 2029 and adjust variable pay•resulting in>€ 1bn savings p.a. mid-term •New tariff agreement in place, on track towards reducingworkforce by>35k by 2030•Number of employees reduced by4ksince Dec 2024•~20k1further exits contractually secured Production atBrussels plant “Strategic realignment & organizationaladjustments to strengthen resilience “ New business model finalized as Group’s synergeticsoftware unit; transformation program underwayincluding reduction of ~30% of workforce by end of2025, equals ~1,450 Measures include a 15% workforce reduction =(1,900 direct and ~2,000 fixed-term contracts) by 2029 Progress “Future Volkswagen” Agreement Headcount of German Volkswagen employees VolkswagenGroup:Deliveries H1 and Q2 2025 deliveries to customers 1% above previous year Sales momentumsupported by model launches Global market sharestableat around10% Volkswagen Group: Deliveries by Region Growth in South America and Europe more than offset decline in China & North America BEV Deliveries up 47% in H1-Strong Momentum in Europe Western Europe Order Intake Continued strong BEV order momentum in Western Europe driving order book growth Strong order intakemomentumin our homeregion, BEV up by 62% Orderbook lastswell into Q42025 Continued model launchoffensiveto provide further Financial Overview Operating Margin lower y-o-y due to tariff related costs, restructuring and operating performance Operative Profitability H1 2025 margin before tariffs, diesel & restr