Volkswagen : Roadshow Presentation March 2026

Roadshow presentation

March 2026

Volume to Premium segments covered

9 car & 4 truck brands

All-service provider managing lifetime

of vehicles through Financial Services, Mobility Solutions

9.0m

Deliveries

€ 321.9bn

Sales Revenues

Volkswagen Group FY 2025

662.9k employees

150 countries

Global footprint with 111 production facilities

67 car, truck and motorcycle production facilities

10%

Global market share

25%

Market leader in Europe in

BEV & ICE

3

Volkswagen Group: Portfolio of strong brands & businesses

Brand Group Progressive

Brand Group Core

Brand Group Sport Luxury

Brand Group Trucks

Volkswagen Mobility

Other Brands and Business Units

4

Diversified by geography, brand groups FY 2025

Revenues* by Brand Group Deliveries split by Region

Volkswagen Group Mobility

38%

30%

Traton

Sport

Luxury

Progressive

Core

11%

Europe North America

7%

South America

China

14%

Rest of World

*Indicative, excl. Consolidation, Battery, Cariad, China 5

Volkswagen Group FY 2025:

Portfolio of strong brands & businesses

CORE Progressive Sport & Luxury

Trucks Group Mobility

Vehicle Sales

(in m units)

5,125 1,145 266 306

Sales Revenue 145,202	65,503	32,185	42,540	57,769
EBIT 6,821	3,371	90	2,411	3,451
Net Cash Flow 6,946 (in € mn)	3,422	1,511	1,034

(in € mn)

(in € mn) (RoS in %)

6

Volkswagen Group FY 2025:

Portfolio of strong brands & businesses

Cariad	Battery	Other/ Consolidation
Sales Revenue 1,775 (in € mn)	30	-23,092
EBIT -2,179	-1,386	-3,710
Net Cash Flow -1,476	-1,808	-

(in € mn) (RoS in %)

(in € mn)

7

Stronger than ever in Europe

Highly Competitive

Portfolio

Winning

Software

Market Leadership

Strengthened

8

Bringing portfolio age back to well balanced levels

Brand Group

CORE

Brand Group

PROGRESSIVE

Brand Group

SPORT LUXURY

2025 2025 2025

Fleet age lowered to highly competitive levels across Brand Groups

Renewed & attractive product line-up

drives customer demand

Supporting price/mix

helping to mitigate

headwinds

Volume weighted average portfolio age 2021-2026E in years; Focus on Europe and on Volkswagen Brand for BGC, Audi for BGP and Porsche for BGSL. 9

Volkswagen Group leading in European BEV market

New BEV registrations

Volkswagen Group

2019 2020 2021 2022 2023 2024 2025

Registrations | Data status: 04.09.2025 | The graph shows the key figures in 6-month intervals up to the H1 2025 key figures.

Volkswagen is further strengthening its position as market leader in the BEV segment with

>25% market share

10

Complementing BEV portfolio in all European market segments

1. Wave

2. Wave

   Fleet and high-end

3. Wave

Entry-level

ID. Polo ID. Cross Concept

Middle of the market

ID.7

Q6 e-tron

ID.3

ID.4 Enyaq

ID.Every1 Epiq

ID.5

Born Q4 e-tron

ID.5

A6 e-tron Macan e

Elroq* Raval

2020 ...

2024 ...

2026 ...

*already launched in 2025. 11

Europe: Electric Urban Car Family -

a milestone in BEV transformation

80%

shared components

Electric Urban Car Family

~€ 650m

synergies over lifetime

4

Models

3

Brands

2

Plants

1

Platform

12

INTERNAL

Europe 2027: Most desirable portfolio

ONE Brand Group

FIVE Brands FOUR Drivetrains

FOURTY-SEVEN Models

≤A0 A ≥B

mHEV

Arona

mHEV

Ibiza

mHEV

Kamiq

mHEV

Fabia

mHEV

Polo

mHEV

T-Cross

mHEV

Taigo

PHEV

PHEV

Passat

Superb Fam.

Crafter

Amarok

PHEV

B Transporter Fam.

ID.Buzz

ID.7 Fam.

Space BEV

Transporter

PHEV

Leon Fam.

PHEV

HEV PHEV

PHEV

Kodiaq Octavia Fam.

Terramar

PHEV

Karoq

Scala

Formentor

PHEV

CU Leon Fam.

PHEV

PHEV

Tiguan Tayron

HEV HEV PHEV

T-Roc

Golf Fam.

ID.4

ID.3

PHEV

Caddy

ICE / xHEV

BEV

ID.Every1*

ID. Polo*

Epiq*

ID. Cross*

Raval*

Enyaq+Coupe

Elroq

Tavascan

Born

* Pictures shown are concept cars/ near production vehicles 13

INTERNAL

Largest model initiative of Audi's history

More than 20 new models by the end of 2025

Audi Q4 e-tron (FL)

Audi Q6 e-tron

Audi A6 e-tron

Audi e-tron GT (FL)

Audi A2 e-tron

2024/25

2026

Audi A5

Audi Q5

Audi A6

Audi Q3

Audi Q7

Audi Q9

ICE

BEV

Previous model launches1

PHEV

∅ Portfolio age

reduced by ~3 years

1 Market Introduction in Germany INTERNAL

PPE/PPC

as backbone

Broad range of

RS/S models

10 new PHEV

by the end of 2025

14

Adapted product portfolio offering flexibility in the transition

SPORTS CARS1 SPORTS LIMOUSINES SPORT UTILITY VEHICLES

ICON

DRIVING FUN

NEW

NEW

ELEGANCE

PERFORMANCE

PRESTIGE

NEW

FUNCTIONALITY

LIFESTYLE

NEW

1) Two-door sports cars; Potential Midterm Drivetrain Portfolio: ICE (x)HEV BEV

INTERNAL

15

Implementation of cost reduction measures according to plan

Strong progress in workforce realignment Factory cost improvement on track Simplification of BGC steering model initiated

INTERNAL

16

Group performance programs structured in 3 pillars

Strategic realignment

streamlining Future

Volkswagen

Agreement for the future

Re-alignment of

workforce

~50k

headcount reduction by 20302

Realignment of workforce at German locations in a socially responsible manner

Alignment of capacity

to market realities

>1mn1

units

by YE2027

Rightsizing European capacity to optimize utilization, factory productivity & cost

Stabilization

of wages

~€ 2bn

by 2026

Wage increases suspended, revised bonus & new remuneration systems

1. Including Audi Brussels | 2. Compared to year-end 2024. 17

INTERNAL

Development of headcount in Germany

Execution of performance programs in full swing, workforce reduction progressing as planned

Volkswagen AG1 (Germany) Volkswagen Group (Germany)

VW AG

115.1

14,0

-5k

(-4%)

110.5

12,8

-9 k

(-8%)

101.8

10,9

31 Dec

2023

31 Dec

2024

31 Dec

2025

90,9

97,7

101,1

[active2 workforce in '000]

VW Sachsen & VW Osnabrück

[active2 workforce in '000]

-5 k

(-2%)

275,4

-10 k

(-4%)

269,9

260,3

31 Dec

2023

31 Dec

2024

31 Dec

2025

1. Scope Zukunft Volkswagen: Volkswagen AG, Volkswagen Sachsen GmbH, VW Osnabrück GmbH | 2. Active Workforce (excluding employees in the passive phase of partial retirement and apprentices)

18

INTERNAL

Net cost savings of more than € 6bn by end of decade

Profitability improvement

>€6bn

by 2030

Implied Group RoS effect

>150bps

by 2030

VW AG

Audi CARIAD

Porsche

19

INTERNAL

Fully localized R&D set-up in China to deliver state-of-the-art technology

Fully localized R&D hub operational

Cost reduction targets achieved

Launch of first CEA vehicle imminent

20