#1TRATON GROUP CREATING A GLOBAL CHAMPION COMPANY PRESENTATION TRATON GROUP#2TRATON GROUP DISCLAIMER This presentation has been prepared for information purposes only. It does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Volkswagen AG, TRATON SE, or any company of the TRATON GROUP in any jurisdiction. Neither this presentation, nor any part of it, nor the fact of its distribution, shall form the basis of, or be relied on in connection with, any contractual commitment or investment decision in relation to the securities of Volkswagen AG, TRATON SE, or any company of the TRATON GROUP in any jurisdiction, nor does it constitute a recommendation regarding any such securities. It contains forward-looking statements and information on the business development of the TRATON GROUP. These statements and information are based on assumptions relating in particular to the TRATON GROUP's business and operations and the development of the economies in the countries in which the TRATON GROUP is active. As far as information or statements on Navistar are concerned, the same applies to Navistar. Please note that TRATON SE has signed definitive agreements on the acquisition of Navistar but the acquisition requires a number of approvals and is therefore not yet closed. The TRATON GROUP has made such forward-looking statements on the basis of the information available to it and assumptions it believes to be reasonable. The forward-looking statements and information may involve risks and uncertainties, and actual results may differ materially from those forecasts. If any of these or other risks or uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, the actual results may significantly differ from those expressed or implied by such forward-looking statements and information. The TRATON GROUP will not update this presentation, particularly not the forward-looking statements. The presentation is valid on the date of publication only. Certain financial information and financial data included in this presentation are preliminary, unaudited, and may be subject to revision. Due to their preliminary nature, statements contained in this presentation should not be unduly relied upon, and past events or performance should not be taken as a guarantee or indication of future events or performance. Financial figures might be translated from different currencies, using the exchange rate prevailing at the relevant date or for the relevant period that the relevant financial figures relate to. All statements with regard to markets or market position(s) of TRATON SE or any affiliated company or any of its competitors are estimates based on data available to the TRATON GROUP. As far as information or statements on Navistar are concerned, the same applies to Navistar. IHS Markit Data referenced herein are the copyrighted property of IHS Markit Ltd. and its subsidiaries ("IHS Markit"). The IHS Markit Data are from sources considered reliable; however, the accuracy and completeness thereof are not warranted, nor are the opinions and analyses published by IHS Markit representations of fact. The IHS Markit Data speak as of the original publication date thereof and are subject to change without notice. IHS Markit and other trademarks appearing in the IHS Markit Data are the property of IHS Markit or their respective owners. The percentage figures shown may be subject to rounding differences. Due to different proportions and scaling graphs, data shown in different graphs is not comparable. 2021/Corporate Communications / Company Presentation 2#3TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY AGENDA 01. TRATON at a Glance 02. Global Champion Strategy 03. Navistar Acquisition 04. Sustainability 2021/Corporate Communications / Company Presentation TRATON GROUP 3#4TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY LEADING GLOBAL BRANDS AND STRATEGIC ALLIANCE PARTNERS TRATON GROUP FULL CONSOLIDATED Leader in core markets with differentiated brands W SCANIA MAN Caminhões Ônibus MAN 1 As of December 31, 2020 2 Held by a subsidiary of MAN SE as of December 31, 2020 2021/Corporate Communications / Company Presentation * ASSOCIATES Powerful strategic alliance partners enabling leading global scale STRATEGIC PARTNER E-Mobility joint venture and procurement joint venture * 中国重汽 NAVISTAR CNHTC SINOTRUK 16.7%¹ HINO 25% + 1 share² Closing of Navistar acquisition expected for mid 2021. 4#5TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY KEY FINANCIALS BY DIVISION Industrial Business TRATON GROUP Financial Services Group FY 2020 Scania V&S MAN T&B VWCO Other1 Sales €11.5 bn €9.7 bn €1.2 bn €(0.3) bn €22.2 bn €0.8 bn €22.6 bn Revenue Adjusted Operating Result €802 mn €(553) mn €(15) mn €(206) mn €28 mn €107 mn €135 mn Adjusted ROS 7.0% (5.7)% (1.2)% n/m 0.1% 11.1% (Return on Equity4) 0.6% Primary R&D² Capex³ Net Cash Flow €1.2 bn €1.0 bn €0.7 bn 1 Includes holdings and investments (MAN SE: holding companies, Sinotruk investment; TRATON holding: holding companies, Navistar investment, TB Digital Services), PPA (VWCO PPA - MAN origin; Scania PPA - VW origin) as well as consolidation effects. 2 Reflecting total research and development costs comprising capitalized R&D plus period-expensed R&D. 3 Consists of the capital expenditures in property, plant and equipment and in intangible assets (excluding capitalized development costs) that are reported in the statement of cash flows. 4 Defined as profit before tax as % of average equity. 2021/Corporate Communications / Company Presentation#6TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY DIVERSIFIED BY GEOGRAPHY AND BY BRAND UNIT SALES FY 2020 (% of total) S. America (excl. Brazil) 4% Brazil 21% Other 19% Germany 17% 190 k Units Sold SALES REVENUE FY 2020 (% of total) Financial Services 4% Other EU27+3 (excl. Germany) 39% Scania Vehicles & Services 50% Note: TRATON including Financial Services, excl. consolidation; rounding differences possible. 1 EU27+3 region (EU27 countries without Malta, plus the United Kingdom, Norway, and Switzerland) 2021/Corporate Communications / Company Presentation TRATON GROUP VW Caminhões e Ônibus 5% MAN Truck & Bus 42% Industrial Business 96% €22.6 bn Sales Revenue#7TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY KEY COMPANY HIGHLIGHTS GLOBAL CHAMPION • Scale & global reach through leading brands & strategic alliance partners • • Unique platform enabling growth & positioning for best-in-class profitability 13 2 GROWTH 3 • Customer value-focused product and service offering • New product generations • Further expansion in key geographies PROFITABILITY • Concrete path to profitability improvement • Stand-alone brand performance plus synergies Earnings growth and cash generation potential 4 ***** EXECUTION . Strong team with industry-leading track record • Committed to Global Champion Strategy 2021/Corporate Communications / Company Presentation TRATON GROUP 7#8TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY TRACK RECORD AND OVER-THE-CYCLE TARGET Unit sales FY 2019 FY 2020 2021 outlook¹ Over the cycle RoS target 242.2 k +4% 190.2 k -21% Sharp increase €26.9 bn Group sales revenue +4% €22.6 bn -16% Substantial increase 7.0% 0.4% Group return on sales² €1.9 bn €81 mn Between 5% and 6% 9% Over the cycle RoS Cash conversion rate³ 179% Between n/a³ 25% and 35% TRATON GROUP 1 Before expenses from the MAN Truck & Bus restructuring program and effects from the planned acquisition of Navistar International Corporation. 2 FY 2019: adjusted ROS 7.0%, adjusted operating result €1.9 bn; FY 2020: adjusted operating RoS 0.6%, adjusted operating result €135 mn. 3 Calculated as the ratio of net cash flow to result after tax; cash conversion rate in FY 2019 was positively affected by the proceeds of approximately €2.0 bn from the disposal of the Power Engineering business. In FY 2020, the negative earnings after tax did not result in any meaningful cash conversion rate. 2021/ Corporate Communications / Company Presentation 8#9TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY TRATON GROUP CONTINUOUSLY DELIVERS ON ITS STRATEGIC GOALS NEW CORPORATE IDENTITY VWTB BECOMES TRATON SE 1 TRATON GROUP 2021/ Corporate Communications / Company Presentation 8TRA TRATON LISTED IN FRANKFURT & STOCKHOLM 2 IPO 2019 D IPC 201 3 I/D TRATON TRATON 4 TRATON TRATON DEBUT SYNDICATED RCF €3.75 bn TRATON INNOVATION DAY 2019 TRATON WANTS TO BECOME LEADER IN E-MOBILITY 5 TRATON GROUP NEXT GOAL: INTEGRATION OF NAVISTAR AFTER CLOSING 9#10TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY STRONG MANAGEMENT TEAM AND TWO-TIER BOARD STRUCTURE WITH INDEPENDENCE SECURED BY SUPERVISORY BOARD COMPOSITION TRATON GROUP TRATON SE EXECUTIVE BOARD SUPERVISORY BOARD 34 Matthias Gründler (CEO) 21 26 Christian Schulz (CFO) Christian Levin (COO) 23 30 41 Henrik Henriksson (CEO SCANIA) Dr.h.c.Andreas Tostmann (CEO MAN) Antonio Roberto Cortes (CEO VWCO) Composition ► Supervisory Board composition reflects target shareholder structure ► Broad complementary skills and experience ▸ Chairman of the Supervisory Board: Hans Dieter Pötsch Deputy Chairman: Athanasios Stimoniaris ▸ 20 members with equal number of international shareholder and employee representatives Audit Committee ► Comprises 6 members ▸ Equal number of shareholder & employee representatives Years of experience in the automotive/commercial vehicle industry 2021/Corporate Communications / Company Presentation 10#11TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY AGENDA 01. TRATON at a Glance 02. Global Champion Strategy 03. Navistar Acquisition 04. Sustainability 2021/Corporate Communications / Company Presentation TRATON GROUP 11#12TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY GLOBAL CHAMPION STRATEGY BASED ON FOUR PILLARS TRATON GROUP ली Leader in Profitability | Global Presence | Innovation Brand Performance Increase performance of brands with individual identity, strength, and clear positioning Cooperation & Synergies Increase cooperation and exploit synergies between brands Global Expansion Leverage scale through global footprint 2021/Corporate Communications / Company Presentation Creation of Sustainable Value Customer Focused Innovation Transforming transportation 12#13TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY CLEAR POSITIONING OF BRANDS SCANIA A500 SCANIA MAN MAN M AN 640 TRATON GROUP Caminhões Ônibus METEOR DRIVING THE SHIFT TOWARDS A SUSTAINABLE TRANSPORT SYSTEM Premium customer-focused innovation leader for sustainable transport solutions SIMPLIFYING BUSINESS BY BEING THE MOST RELIABLE BUSINESS PARTNER Reliable business partner with value package and full-line offering LESS YOU DON'T WANT MORE YOU DON'T NEED Best value for money and tailor-made products 2021/Corporate Communications / Company Presentation 13#14TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY STRONG POSITION OF ALL BRANDS WITH NEW TRUCK LINES Current launch Launch/ramp-up Launch of preceding truck generation SCANIA NTG New generation for all truck lines (R, G and P trucks, new S and L trucks) 2021/Corporate Communications / Company Presentation 2016-2019 1995 (4-Series) TRATON GROUP IMANI Caminhões Ônibus NEW TRUCK GENERATION NEW DELIVERY & METEOR New state of the art truck generation for all truck lines (TGX, TGS, TGM, TGL) 2019-2021e Modern trucks for logistics tailored for customers in emerging markets 2017-2020 2000 (TGA) 2005 (Delivery)#15TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY LEADING TRUCK BRANDS AND #1 MARKET POSITION IN EUROPE AND SOUTH AMERICA Caminhões Ônibus MANI İMANI İMANI Export business SCANIA Caminhões Ônibus TRATON GROUP Core markets of TRATON brands TRATON truck market share in 2019 (>15t) SCANIA 35% SCANIA 30% Europe¹ 1 Market leader with 35% market share Market leader in Germany with 41% market share South America² 1 Market leader with 30% market share Market leader in Brazil with 37% market share 7AD Source: IHS Markit, 2019 market shares Note: smaller presence in additional countries not highlighted (TRATON active in >120 countries worldwide, including bus activities) 1 EU28+2 region consisting of EU member states plus Norway and Switzerland. Luxembourg excluded, as no IHS Markit data available. TRATON's sales in Russia not included in calculation of the Europe market share 2 Including Argentina, Brazil, Bolivia, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Peru, Uruguay, Venezuela; excl. Mexico (part of North America); excl. Paraguay as no IHS Markit data for trucks >15t available 2021/Corporate Communications / Company Presentation 15.#16TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY LEVERAGE POWERTRAIN COMPONENTS ACROSS BRANDS TO GENERATE SIGNIFICANT COST SAVINGS IN YEARS TO COME 50% Common base engine (CBE) expected to be installed in almost half of TRATON heavy- duty trucks per year from 2025e onwards. MA 2021/Corporate Communications / Company Presentation The majority of the manufacturing costs of a truck relates to the powertrain. Introduced into brand LATIN AMERICA SCANIA EUROPE SCANIA TRATON GROUP CBE Enhanced fuel efficiency 0 ↓ Reduced weight IMANI Low maintenance Caminhões Ônibus 21e 22e 23e 24e 25e 2026e 16#17TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY ALLIANCE PARTNERSHIPS PROVIDING ACCESS TO GLOBAL PROFIT POOLS HINO Caminhões Ŏbus NAVISTAR İMANI ~0%5 SCANIA CORE MARKETS OF # ~35% ~25% ~30-35%4 HINO IMANI SCANIA TRUCK MARKET SHARE IN 2019 (>15T) STRATEGIC PARTNER ASSOCIATES TRATON GROUP 13%¹ NAVISTAR 16%2 中国重汽 SINOTRUK North America - partnership since 2016 • Technology cooperation: first SoPs by 2020/21 . • Synergies in procurement JV achieved, further potential China - partnership since 2009 • Intention to localize MAN heavy-duty truck in world's largest market • Evaluation of technology/procurement cooperation 35%3 HINO Japan & Southeast Asia - cooperation since 2018 • Cooperation: future logistics/transportation, technology, and e-mobility • Procurement JV signed with global synergy potential ⚫ E-mobility joint venture started TRATON BRANDS ALLIANCE PARTNERS PROFIT POOL6 Share 2018 2021/ Corporate Communications / Company Presentation Source: IHS Markit Note: SoP = start of production ¹ Market share of Navistar in North America 2 Market share of CNHTC (parent company of Sinotruk) in Greater China 3 Market share of Hino in Japan and Southeast Asia (Indonesia, Australia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam) 4 Incl. Western Europe and CEE regions 5 Incl. Argentina, Brazil, Bolivia, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, Nicaragua, Panama, Peru, Venezuela, Belize, Caribbean, El Salvador, Paraguay, Uruguay, excl. Mexico (part of N. America); as no IHS Markit data for trucks >6t available 6 Excludes other countries 17#18TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY GLOBAL EXPANSION THROUGH STRONG ALLIANCE PARTNERS ASSOCIATES TRATON GROUP STRATEGIC PARTNER NAVISTAR LARGEST NETWORK OF ~1K DEALERS IN NORTH AMERICA² 中国重汽 CNHTC SINOTRUK ONE OF THE LEADING TRUCK MANUFACTURERS IN CHINA HINO TOP POSITION IN HEAVY- AND MEDIUM- DUTY TRUCK SALES IN JAPAN CHINO HIND HINO #4 MARKET POSITION | 14% MARKET SHARE¹ Technology cooperation and procurement JV #3 MARKET POSITION | 15% MARKET SHARE³ Intention to localize MAN truck in China; potential tech/procurement cooperation #1 MARKET POSITION | 35% MARKET SHARE4 E-mobility, procurement, and technology cooperation 11 As of September 2020 2 Information according to Navistar 3 Truck market share of CNHTC in China (incl. Hong Kong) 4 Truck market share based on IHS of Hino in Japan and Southeast Asia (Indonesia, Australia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam) Source: IHS Markit Note: market share data based on trucks >15t 2021/Corporate Communications / Company Presentation 18#19TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY CURRENT STRATEGIC ALLIANCE WITH NAVISTAR FOCUSED ON TECHNOLOGY COOPERATION AND PROCUREMENT JOINT VENTURE TRATON GROUP OVERVIEW NAVISTAR OBJECTIVES مری • Strategic alliance established in 2016 • TRATON GROUP currently holds 16.7%¹ • TRATON can nominate two persons to Navistar's Board of Directors: TRATON's current nominee is Christian Schulz and the other TRATON nominee position currently remains open b B 1 As of December 31, 2020 2021/ Corporate Communications / Company Presentation Technology cooperation: joint powertrain - common powertrain systems give Navistar access to excellent powertrain technologies and allow the TRATON GROUP to benefit from higher volumes Technology cooperation: future technologies - cooperation in many aspects of future commercial vehicle development Procurement JV - fully operational procurement JV to pursue joint global sourcing opportunities Access to North American market - cooperation and equity stake allow the TRATON GROUP to capture a share of North American profit pool 19#20TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY STRATEGIC PARTNERSHIP WITH SINOTRUK FOCUSED ON TECHNOLOGY COOPERATION AND PROCUREMENT SYNERGIES OVERVIEW 中国重汽 CNHTC SINOTRUK Long-term strategic partnership between MAN and Sinotruk established in 2009 • MAN TGA Truck technology including powertrain localized under SITRAK brand • MAN holds 25% +1 share¹ in Sinotruk 1 As of December 31, 2020 2021/Corporate Communications / Company Presentation OBJECTIVES Technology cooperation - joint efforts in areas of powertrain, new technologies & Localization of MAN truck - intention to localize MAN heavy-duty truck in world's largest market Procurement synergies - sourcing synergies targeted through joint scale TRATON GROUP 20#21TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY OVERVIEW AND OBJECTIVES OF COOPERATION AGREEMENT WITH HINO OVERVIEW OBJECTIVES TRATON GROUP HINO CHINO HIND Strategic long-term partnership agreed in April 2018 • Alliance Board based on Strategic Cooperation Framework Agreement ⚫ October 2019: procurement joint venture established • October 2020: e-mobility products joint venture started 2021/Corporate Communications / Company Presentation E-Mobility cooperation, shared development efforts, and combined marketing of products - Hino with largest running fleet of hybrid commercial vehicles in the world Procurement joint venture - Joint venture aims at realizing synergies in global procurement for a wide range of parts and technologies Technology cooperation - Focus on possibility of joint utilization of existing technologies such as powertrain and joint development of innovative technologies Utilize complementary know-how - Hino with focus on light- and medium-duty trucks complements the TRATON GROUP'S innovation power in heavy-duty segment 21#22TRATON GROUP TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY CUSTOMER-FOCUSED INNOVATION: NEED TO BE PREPARED FOR "ACE" AUTONOMOUS Autonomous transport system in customer operation¹ Autonomous mining system DRIVING CONNECTIVITY 10 10 0110 111 0 www.10 1 Large connected fleet 450k+ Dec-18 750k+ Dec-20 ELECTATION Connected vehicles on the road Broadest range of alternative fuel technologies² Hybrid Natural gas HVO BEV FCEV Ethanol Biogas Here and now solutions Testing of automated and autonomous driving trucks in real use MAN Truck & Bus & HHLA (Hamburger Hafen und Logistik AG) Utilization of collected data for service offering SCANIA RIO, Scania Flexible Maintenance, MAN Digital Services Sold electric solutions and new e-Consortium³ VWCO e-Delivery Note: HVO = hydrogenated vegetable oil; BEV = battery electric vehicle 1 Scania and Rio Tinto trialing autonomous truck in Australia 2 Based on a company comparison with other offerings in the market 3 In October 2019, Bosch, CATL, Moura, Semcon, Siemens, Meritor, and Eletra created the new e-Consortium for the manufacturing of the first Brazilian electric trucks; the first mass-produced truck will be the 14-ton e-Delivery and full-scale production is scheduled to start in 2021. 2021/Corporate Communications / Company Presentation DELIVER 22#23TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY AUTONOMOUS DRIVING THE TRATON GROUP ALREADY HAS MULTIPLE SOLUTIONS FOR AUTONOMOUS DRIVING ON THE WAY TRATON GROUP SCANIA SCANIA PROJECT MINING SYSTEM New Scania AXL presented on Innovation Day 2019. Autonomous vehicles been operating in real-life conditions at Rio Tinto's mining operations in Australia since August 2018. Autonomous Transport Solutions Mining Pilot Complexity 2018 Safety driver, no dynamic obstacles 2019e 2020e 2021e+ Safety driver, with dynamic No safety driver Autonomous operation obstacles 2021/Corporate Communications / Company Presentation MAN MAN PROJECT HAMBURGER HAFEN UND LOGISTIK AG (HHLA) Testing of automated and autonomous driving trucks in real use. Field trials at the Hamburg Container Terminal. SCANIA HUB2HUB PROJECT WITH TUSIMPLE Scania tests self-driving trucks in motorway traffic on the E4 motorway between Södertälje and Jönköping. 23#24TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY CONNECTIVITY 10 0110 111 www.10 1 VARIETY OF CONNECTED SERVICE SOLUTIONS INTRODUCED SCANIA service offering - selected examples Number of connected trucks in operation TRATON GROUP MAN T&B service offering - selected examples Scania Zone - position- based service for automatic vehicle adjustment Remote Diagnostics - boosting uptime for each vehicle Almost every Scania truck and MAN T&B Euro VI heavy-duty and medium-duty truck¹ will be connected from 2019 onwards MAN Service Care Proactive maintenance increasing vehicle availability Fleet Care-uptime solution for entire fleets (with uptime guarantee) CARE INCREASING UPTIME FMP-Scania-connected services portal USING LIVE DATA TO OPTIMISE EFFICIENCY >1.3m 750,000+ 1 All MAN T&B Euro VI HDT and MDT for EU-28+2 region plus selected retrofits 2 As of December 2020 2021/ Corporate Communications / Company Presentation Today² 2025E+ MAN DIGITAL SERVICES MAN Maintenance Cloud-based maintenance data MAN Perform Driver performance analytics MAN Compliant Remote download of tachograph data 14 24#25TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY ELECTR ALTERNATIV CATION/ FUELS COMMON BASE ENGINE (13L) COMPATIBLE WITH CONVENTIONAL AND ALTERNATIVE FUELS SCANIA MAN D30 TRATON GROUP IN THE SHIFT TO ALTERNATIVE FUELS, TRATON EXPECTS TO BENEFIT FROM ITS BROAD RANGE OF ALTERNATIVE FUEL SOLUTIONS Theoretical CO2 reduction potential COMMON BASE 13L ENGINE (CBE) - PART OF OUR JOINTLY DEVELOPED HD POWERTRAIN PLATFORM • More than 50% brake thermal efficiency¹ • Designed to address expected future emission legislation • Expected to be installed in about 50% of TRATON's HD trucks per year from 2025 onwards 1 More than half of the energy is converted into mechanical energy 2021/Corporate Communications / Company Presentation UP TO 15% NATURAL GAS UP TO 85% BIO DIESEL FAME UP TO 90% BIO UP TO 90% GAS HVO UP TO 90% ETHANOL 90% PLUS HYBRID & HVO 25#26TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY ELECTR CATION/ ALTERNATIV FU FUELS ELECTRIFICATION DRIVEN BY TCO AND REGULATION - FASTEST ADOPTION FOR CITY BUSES TCO parity drives electrification penetration TRUCKS BUSES & COACHES Heavy duty Medium & light duty City bus Coach TRATON GROUP TCO parity¹ Indicative potential timeframe for broader market adoption in Europe 2020 2025e 2030e 2035e 1 TCO parity: TCO of an electric vehicle equals the TCO of a vehicle with a conventional powertrain. 2021/Corporate Communications / Company Presentation 26#27TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY OUR BRANDS FOCUS ON E-MOBILITY LEADERSHIP TRATON GROUP SINCE 2020 Common modular electric powertrain toolkit, used in the first series produced all-electric city buses from Scania and MAN. BY 2025 Electrified vehicles will account for around 10% of Scania's total vehicle sales volumes in Europe. Half of MAN'S new buses will run on alternative drives. BY 2030 Electrified vehicles will account for 50% of Scania's total vehicle sales volumes. At least 60% of MAN'S delivery trucks and 40% of long-haul trucks will be emission-free. The new MAN Lion's City 12 E MAN M.AN 7129 2021/ Corporate Communications / Company Presentation SCANIA MLB 763 EVBOX 250 SCANIA CEP 22E#28TRATON TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY TRATON TRATON INCREASES R&D INVESTMENT IN E-MOBILITY TO €1.6 BILLION TRATON invests €1.6 billion in R&D for e-mobility from 2021 to 2025 All brands are shifting budgets from conventional drives to e- mobility TRATON GROUP 0 , START E-MOBILITY Share of product development¹ for e-mobility will be doubled until 2025 Less than 20% of product development budget for conventional drivetrains in 2025 1 Product Development budget comprises the share of primary R&D costs, that could be assigned to specific Product Projects or Product Project Roadmaps before start of production. Product Development budget does not include efforts for general base research or R&D support after start of production (i.e. for quality assurance or product cost optimization during the lifecycle). 2021/Corporate Communications / Company Presentation#29TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY PRODUCT HIGHLIGHTS IN ELECTRIFICATION 2020 Fully invested in the future: new truck lines with BEV, FCEV product solutions. May 2020 Scania delivers 75 battery electric trucks to ASKO May 2020 MAN Lion's City 18E celebrates sales launch August 2020 Scania first German e-road trial fully operational ASKO ASKO SCANIA NEO The new MN Lion's City 12 E MAN September 2020 Scania introduces first electric truck range October 2020 VWCO to deliver first 100 e-trucks to Ambev in 2021 2021/Corporate Communications / Company Presentation ARIA ZA 22 bev CERVEJARIA amber o primo caminho d 致 movica 0% ambey Note: vehicles in regular operation or in practical trials (including concept vehicles) Research Trick IXLEND 0 TRATON GROUP#30TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY AGENDA 01. TRATON at a Glance 02. Global Champion Strategy 03. Navistar Acquisition 04. Sustainability 2021/Corporate Communications / Company Presentation TRATON GROUP 30#31TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY TRANSACTION OVERVIEW NAVISTAR AT A GLANCE • No 4 in US market for trucks; long history since 1831 • Revenue of USD 11.25 bn and adjusted EBIT of USD 689 mn in fiscal year 20191 • More than 1,000 dealers • Access more than 75% of global truck market profit pools ACQUISITION RATIONALE • Deliver on Global Champion Strategy STRUCTURE VALUE • Leverage powertrain components across brands to generate significant cost savings in years to come • Achieve a well-balanced and global footprint with complementary geographies • Cash acquisition of 83.3% of outstanding Navistar common shares • Transaction structured as one-step merger • The two major Navistar shareholders² supportive of transaction • Equity purchase price of USD 3.7 bn based on USD 44.50 per share • Fully committed transaction financing by Volkswagen AG FINANCING • Transaction envisaged to be refinanced via capital markets TIMING • TRATON committed to maintaining an investment grade rating Closing expected mid 2021 subject to regulatory approvals and customary closing conditions TRATON GROUP 1 Adjusted EBIT: calculated as adjusted EBITDA - depreciation and amortization; FY 2019 as of Oct. 31, 2019. 2 i.e.. certain shareholders of Navistar affiliated with Carl. C. Icahn with a stake of approx. 16.8% and certain shareholders of Navistar affiliated with Mark H. Rachesky with a stake of approx. 16.4% (each as of 22 January 2021). 2021/Corporate Communications / Company Presentation 31#32TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY STRATEGIC ALLIANCE FOCUSED ON TECHNOLOGY COOPERATION AND PROCUREMENT JOINT VENTURE, INCREMENTAL SYNERGY POTENTIAL Almost four years of partnership SCANIA EHS 26N SCHOOL BUS Constellation 25.420 MAN Strategic partnership and purchase of 16.6%¹ stake in Navistar announced in September 2016 Objectives 囧 ☐ B TRATON GROUP Access to North American Market - cooperation and equity stake allow the TRATON GROUP to capture a share of North American profit pool Procurement Joint Venture - fully operational procurement joint venture to pursue joint global sourcing opportunities Technology Cooperation: Future Technologies- cooperation in many aspects of future commercial vehicle development Technology Cooperation: Joint Powertrain - common powertrain systems give Navistar access to excellent powertrain technologies and allow the TRATON GROUP to benefit from higher volumes 1 Current stake as of the end of September 2020 amounts to 16.7%. 2021/Corporate Communications / Company Presentation 32#33TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY ACQUISITION RATIONALE: CREATION OF A GLOBAL CHAMPION TRATON GROUP Access more than 75% of global truck market profit pools NAVISTAR Deliver on Global Champion Strategy Leverage powertrain components across brands to generate significant cost savings in the years to come Achieve a well-balanced and global footprint with complementary geographies 2021/Corporate Communications / Company Presentation Caminhões Ônibus İMANI SCANIA İMANI IMANI Export business SCANIA SCANIA Caminhões Ônibus 33#34TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY ACCESS MORE THAN 75% OF GLOBAL TRUCK MARKET PROFIT POOLS¹ Access to attractive North American market NAFTA ~35% Europe/ Russia ~35% SCANIA MAN NAVISTAR Latin America ~5% Caminhões Ônibus MAN SCANIA Source: McKinsey & Company 1 Global profit pool 2030: ~€17 bn 2 Profit pool of truck industry > 6t (2030e) 2021/Corporate Communications / Company Presentation MANI Export business Caminhões Ônibus SCANIA Asia/MEA ~25% TRATON GROUP Strong market position of Scania, MAN, and VWCO Strong market position of Navistar Share of global profit pool 2030e² 34#35TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY TRATON GROUP DELIVER ON GLOBAL CHAMPION STRATEGY Industrial Business sales revenue (fiscal year 2019, € bn) Combined ranking per region (sales in units) Daimler¹ TRATON NAVISTAR TRATON (combined) 26 102 36 Volvo³ TRATON (standalone) PACCAR4 IVECO5 9 22 22 26 29 29 45 #4 #1 #1 Source: Company information, own calculations 1 Trucks and Buses. 2 Includes Truck and Parts as per Navistar Form 10K, October 31, 2019; FX €/USD of 1.13 3 Trucks and Buses; FX €/SEK of 10.58 4 Trucks, Parts and Other; FX €/USD of 1.12 5 Commercial and Specialty vehicles segment of CNH Industrial; FX€/USD of 1.12 2021/Corporate Communications / Company Presentation 35#36TRATON TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY STATUS AND NEXT STEPS WITH NAVISTAR 2021/Corporate Communications / Company Presentation TRATON GROUP Signing and announcement of merger agreement on November 7, 2020 Navistar shareholder approval received at Navistar Annual Meeting on March 2, 2021 AM Regulatory approvals expected in H1 2021 Closing expected mid-2021#37TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY AGENDA 01. TRATON at a Glance 02. Global Champion Strategy 03. Navistar Acquisition 04. Sustainability 2021/Corporate Communications / Company Presentation TRATON GROUP 37#38TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY TRATON GROUP SUSTAINABILITY - OVERVIEW SCANIA Corporate Sustainability at Scania ( UN GLOBAL COMPACT ΜΠ 1 POVERTY TRATON TRATON GROUP Corporate Sustainability MAN Sustainability is an integral part throughout the entire TRATON GROUP TRATON GROUP ESG aspects are already deeply anchored at TRATON's brands Scania and MAN with transparent sustainability reporting on brand level according to GRI standards¹ 2 HUNGER SSS GOOD HEALTH AND WELL-BEING Corporate Sustainability at MAN SUSTAINABLE T&B/VWCO DEVELOPMENT GOALS QUALITY EDUCATION ZERO Materiality GR Disclosures Due to decentralized organization of the Group the brands set priorities, resources, and methods to ensure fit to culture, strategy, regulatory authorities, and other key stakeholders • DECENT WORK AND ECONOMIC GROWTH GENDER EQUALITY 6 AND SANITATION CLEAN WATER AFFORDABLE AND CLEAN ENERGY 13 CLIMATE ACTION 14 UFE BELOW MATER 15 LAND LIFE 16 STR PEACE AND JUSTE 17 PARTNERSHIP AND PRODUCTION FOR THE GOAL United Nations Global Compact 10 REDUCED INEQUALITIES SUSTAINABLE CITIES 11 AND CONNUNITIES 12 RESPONSIBLE CONSUMPTION € HA MAN SE Materiality matrix analysis is used to identify and evaluate the most material sustainability action fields. Focus topics for TRATON to be derived from materiality matrix analysis performed at brand level based on aligned dimensions • TRATON Sustainability Board established, which acts as forum to develop and decide sustainability matters at TRATON GROUP level by defining minimum-standards for the TRATON GROUP and - platform to encourage cooperation, foster best practices, and enable knowledge-transfer in the TRATON GROUP O INDUSTRY. INNOVATION AND INFRASTRUCTURE • SUSTAINABLE DEVELOPMENT GOALS • Commitment to UN Sustainable Development Goals as common basis Scania and MAN are participant and signatory of UN Global Compact2, respectively 2021/Corporate Communications / Company Presentation Note: MAN comprises MAN T&B and VWCO. 1 The global reporting initiative (GRI) is an international independent standards organization that sets out principles and indicators for measuring and reporting economics, environmental and social performance. 2 Nonbinding United Nations pact to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. 38 Service#39TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY TRATON GROUP SUSTAINABILITY - SCANIA DRIVING THE SHIFT TOWARDS A SUSTAINABLE TRANSPORT SYSTEM Three pillars for sustainable transport. Energy efficiency Doing the right things Sustainable transport KPIs • Ecolution by Scania Driver training and coaching Targets for several business areas 1 Environmental footprint Maintenance with flexible plans 2 Diversity and inclusion Renewable fuels and electrification Sales of alternative fuels and electrification 3 Health and safety 4 Human and labour rights до Smart and safe transport Size of connected fleet 5 Business ethics BRT bus registrations Responsible business. Doing things right Selected target Science Based Targets initiative: SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION Scania as first major manufacturer of heavy- duty commercial vehicles to have its climate targets officially approved. Scania is committed to achieving the Paris agreement goals of limiting global warming to 1.5°C above pre-industrial levels. Scania will cut CO2 emissions from its own operations (Scope 1+2) by 50% by 2025 (2015) and reduce emissions from its products (Scope 3) by 20% by 2025 (2015). 6 Community engagement Strategic sustainability key areas Reducing CO₂ emissions 2021/Corporate Communications / Company Presentation Circular business Green Bond Framework (rated "Dark Green" by CICERO Shades of Green) People sustainability 39#40TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY TRATON GROUP SUSTAINABILITY - MAN T&B/VWCO STRUCTURED MULTI-STEP APPROACH TO DERIVE SUSTAINABILITY ACTION FIELDS - MATERIALITY ANALYSIS 1 Identification of potential fields of action for MAN T&B/VWCO Prioritization by 2 dedicated corporate Focus on global challenges Concrete objectives High business impact Alignment with corporate strategy sustainability council Analysis and prioritization of potential action fields SUSTAINABILITY ACTION FIELDS Reducing greenhouse gas emissions from production and logistics • Reducing pollutant emission Adapting to climate change Reducing greenhouse gas emissions over the product life cycle Reducing pollutant emissions Improving road safety • Sustainable mobility services Responsibility for Production Responsibility for Products Relevance of issuing CSR standards Responsible handling of conflict minerals Reviewing human and employee rights in the supply chain • Record of CO2 emissions in the supply chain 3 Assessment by external stakeholders Finalization of 4 sustainability topics with corporate strategy • Alignment of action fields with stakeholders Stakeholders include suppliers, customers, NGOs, universities, auto OEMs, representatives of cities, and insurance companies Sustainability action fields linked to existing / future programs of corporate functional strategy Responsibility for People • Holistic health management ⚫ Needs-based vocational training that is fit for the future • Working world of the future- designing new forms of work • Future-proof talent management Responsibility for Supply Chain Responsibility for Society and Integrity Exemplary compliance and risk management Open stakeholder dialogue Constructive dialogue with policymakers based on facts Sustainability strategy fully integrated in the corporate functional strategy 2021/Corporate Communications / Company Presentation CLEAN, SAFE, CARING. DRIVING RESPONSIBLE TRANSPORT 40#41TRATON AT A GLANCE GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY TRATON SE - ISS ESG CORPORATE RATING Distribution of Ratings 269 companies in the industry Highlights Rating puts TRATON in the top 14% of the industry (269 machinery companies) Eco-efficiency category: A- "very good" 40%- 30%- 20%- The overall transparency level is ranked "very high" 10%- Status: Prime Key results Rating: C+ Decile Rank: 1 Transparency Level: Very high 0%- D- D D+ C- C C+ B- B B+ A- A A+ TRATON GROUP Corporate ESG Performance RATED BY ISS ESG Prime Absolute Rating D- D D+ C C+ B- B B+ A- A A+ Transparency Level Decile Rank 10 9 8 0-20% 20-40% 40-60% 60-80% 80-100% Very Low Low Medium High Very High Low relative performance A. Social and Governance Rating (40%) C+ B. Environmental Rating (60%) C+ Rating categories A.1 Staff and Suppliers B- B.1 Environmental Management A.2 Society and Product Responsibility C+ in detail B.2 Product and Services C- نط B- A.3 Corporate Governance and Business Ethics B B.3 Eco-efficiency A- Source: ISS ESG. As of August 19, 2020 2021/Corporate Communications / Company Presentation 7 5 4 3 2 1 LO 16 High relative performance + 41#42WWW.TRATON.COM