TRATON Group Company Presentation

TRATON 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

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