Investor Presentaiton

VOLKSWAGEN Volkswagen Group Q1 - Analysis by Brand and Business Field GROUP VEHICLE SALES (`000) SALES REVENUE (€ m) OPERATING RESULT (€ m) OPERATING MARGIN (%) Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 20221 Q1 2023 Q1 20221 Brand Group Core Volkswagen Passenger Cars ŠKODA SEAT Volkswagen Commercial Vehicles Tech. Components 1,193 918 33,163 24,361 1,742 877 5.3 3.6 731 537 20,464 14,879 608 513 3.0 3.4 275 231 6,794 5,101 542 337 8.0 6.6 155 107 3,562 2,404 144 104 73 3,599 2,294 171 46 56 4.0 0.2 4.8 2.0 6,028 3,614 237 -33 3.9 -0.9 Consolidation -72 -29 -7,284 -3,931 39 Brand Group Progressive (Audi) 323 244 16,883 14,282 1,816 3,535 Brand Group Sport Luxury (Porsche Automotive ) 2 85 66 9,333 7,317 1,727 1,359 CARIAD 168 110 -429 -416 Battery -72 -6 TRATON Commercial Vehicles 85 68 10,938 8,353 875 331 MAN Energy Solutions 901 761 101 55 9596615 10.8 24.8 18.5 18.6 8.0 11.2 4.0 7.2 At equity accounted companies in China 3 609 765 Volkswagen Financial Services 11,980 10,876 985 1,501 8.2 N 13.8 Other4 -171 -67 -7,168 -3,348 -997 1,222 Volkswagen Group before special items 5,747 8,458 Special Items -130 Volkswagen Group 2,124 1,995 76,198 62,711 5,747 8,328 7.5 13.3 thereof: Automotive Division 5 2,124 1,995 63,463 51,210 4,583 6,784 7.2 Of which: Passenger Cars Business Area Commercial Vehicles Business Area Power Engineering Business Area Financial Services Division 2,039 85 1,927 68 51,623 42,096 3,611 6,400 7.0 20 13.2 15.2 10,938 8,353 872 330 8.0 4.0 901 12,736 761 100 54 11.1 7.1 11,502 1,164 1,544 9.1 13.4 1. Previous year adjusted (IFRS 17) 12. Porsche (including Financial Services): sales revenue € 10,097 (8,043) million, operating result € 1,840 (1,467) million 13. The sales revenue and operating result of the equity-accounted companies in China are not included in the consolidated figures; the share of the operating result generated by these companies amounted to € 625 (824) million 14. In the operating result, mainly intragroup items recognized in profit or loss, in particular from the elimination of intercompany profits; the figure includes depreciation and amortization of identifiable assets as part of purchase price allocation, as well as companies not allocated to the brands I 5. Including allocation of consolidation adjustments between the Automotive and Financial Services divisions. 38

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