Volvo Group Fourth Quarter 2021 Electrification and Financial Report

Construction Equipment Quarterly Orders -24% and Deliveries -18% NORTH AMERICA EUROPE 0 Orders Deliveries Orders Deliveries Q4 Q1 Q2 Q3 2019 Q4 Q1 Q2 Q3 Q4 2020 2021 Q4 Q1 Q2 Q3 2019 Q4 2020 Orders +14% Deliveries +31% Q1 Q2 Q3 Q4 2021 Orders -12% Deliveries +24% ASIA SOUTH AMERICA AFRICA AND OCEANIA Orders Deliveries Orders Deliveries Q4 Q1 Q2 2019 Q3 Q4 Q1 Q2 Q3 Q4 2020 2021 Q4 2019 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2020 2021 Q4 Q1 Q2 2019 Orders -11% Orders +25% Volvo Group Deliveries +41% Deliveries +38% Fourth Quarter 2021 Orders Deliveries Q3 Q4 Q1 Q2 Q3 Q4 2020 2021 Orders -37% Deliveries -36% 2022-01-28 14

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