Volkswagen Group China Strategy and BEV Outlook

Solid Financial Foundation of Automotive Division Resilience further enhanced Balance Sheet Automotive Division VOLKSWAGEN GROUP [€ bn / in %] 2022 4 301 30 June 2023 301 31 December 2021 31 December 272 Other liabilities Provisions for pensions 138 136 122 Equity (and equity ratio) 27 27 41 136 109 (45%) 138 (46%) (40%) Goodwill ¹ [€ bn] 26 EBITDA 1,3 [€ bn] 32 Net liquidity 1, 2 [€ bn] 27 26 26 37 36 43 34 1. Automotive Division only 1 2. As reported in the cash flow statement (Automotive Division) 13. Last twelve months 1 4. Previous year adjusted (IFRS 17) 35 55

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