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Mission The CORE Community Strong brands, one efficient and effective engine. 24 PlantsEmployees 200,000 Model ranges in Europe >50 INTERNAL Focus on costs & capital efficiency Clear differentiation across brands Synergies, impact as a brand group New governance with clear responsibilities Strategic priorities INTERNAL Škoda in Vietnam New Kodiaq Bus Festival ID.Buzz LWB New Tiguan ID.2all DarkRebel Tavascan Highlights in 2023 CUPRA DarkRebel, CUPRA Raval – Concept cars, not for sale yet INTERNAL Škoda Superb Volkswagen Passat Synergy family BETA+ Our first lighthouse project Passat Elegance 2.0 l TDI SCR 110kW (150PS) – Power consumption in kWh/100 km: combined 5.4-5.0 l/100km; CO₂-emissions combined in g/km: combined 143–131 l. Information on consumption and CO₂ emissions, shown in ranges, depends on the selected vehicle equipment. INTERNAL Tomorrow 10 a.m. Concept cars, not for sale yet Our next big milestone Synergy family Small-BEV INTERNAL 6+ Core Driver Culture & Governance Adapt our culture and governance to tackle the future + Optimization Sales Costs Sales costs reduction & new sales formats #5 Time-to-market Faster in hardware and software #3 Growth Volume growth to profit from scale effects#6 Competitive Cost Structures Match cost structures of the competition#4 Competitiveness EV Software, Battery, Architecture, platforms #1 Reduction of Complexity Reduction of software variants #2 INTERNAL Brand Group Core Financial performance +19% FY 2022 1 vs. FY 2023 Vehicle Sales 2 [mill. units] Sales Revenue [€ bn] Operating Profit 3 [€ bn] RoS 3 [%] Net Cash Flow [€ bn] 4.1 4.8 2022 2023 113.8 137.8 2022 2023 4.0 7.3 2022 2023 3.6 5.3 2022 2023 1.1 5.6 2022 2023 +21% +80% +1.7pp. 1 previous year adjusted (IFRS17) 3 before special items2 without China business Thomas Schäfer VISION Be the most-loved volume brand We are going to make the VW brand shine again!

INSIGHTS: Skype Call - Media Briefing Thursday, September 17, 2020 2 Decarbonization of the Volkswagen brand by 2050 What drives us: Net climate-neutral mobility for everyone ID. INSIGHTS: E-MOBILTY GOES GLOBAL - ID.3 – combined power consumption in kWh/100 km (NEDC): 15.4-14.5, CO₂ emissions in g/km: 0; efficiency class: A+.2 Leap to the top of e-mobility by 2025 Electrifying the fleet is at the heart of the brand strategy − Restructuring core business − “Top of volume” positioning − SUV offensive − Turnaround in the regions − New expertise − Digitalization − World market leader in e-mobility − Leading ecosystem in digital mobility − Operational excellence by reducing complexity − Autonomous driving − Decarbonization (emission-free mobility) − New mobility solutions − Global and tailored vehicle portfolio Radical restructuring Leap to the top of e-mobility Major transformation 1 2 3 2020 20252015 2025+ ID. INSIGHTS: E-MOBILTY GOES GLOBAL ID.3 – combined power consumption in kWh/100 km (NEDC): 15.4-14.5, CO₂ emissions in g/km: 0; efficiency class: A+. ID.4 – The vehicle is a production-ready prototype and is not yet available for sale. ID. BUZZ, ID. VIZZION: concept cars. 3 The ID.4 takes climate-neutral mobility to the SUV segment ID. family makes important contribution to decarbonization Heading for emission-free mobility - the ID.4 • 100 % electric • Green power supply in production + logistics • Green power supply in battery cell production • Green power during service life (e.g. Volkswagen Naturstrom) • Compensate for currently unavoidable CO₂ emissions  Top climate balance: Net CO₂-neutral if green power is used throughout service life Zero TÜV seal of approval: ID.4 – like ID.3 leaves Zwickau with carbon-neutral footprint ID. INSIGHTS: E-MOBILTY GOES GLOBAL D.3 – combined power consumption in kWh/100 km (NEDC): 15.4-14.5, CO₂ emissions in g/km: 0; efficiency class: A+.