Investor Presentaiton

VOLKSWAGEN FINANCIAL SERVICES THE KEY TO MOBILITY Gaining share in an expanding retail financing market Volkswagen Finance (China) retail finance penetration in the Volkswagen Group China network 2007 Cash Finance (% of deliveries to customers) 2014 Cash Finance 2018e Cash Finance 90% 10% 72% 28% 11% 17% 7.7% 2.3% 67% 33% 15% 18% VW FS Others VW FS Others VW FS Others Investor Meeting | VW FS AG | April 2015 11

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