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Munich - March 22, 2021INVESTOR RELATIONS CONFERENCE CALL FOR FISCAL YEAR 2020MATTHIAS GRÜNDLER, CEOCHRISTIAN SCHULZ, CFOISIN: DE000TRAT0N7WKN: TRAT0NBloomberg Ticker: 8TRA GY/8TRA SShttp://ir.traton.com

DISCLAIMERThis presentation has been prepared for information purposes only.It does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Volkswagen AG, TRATON SE, orany company of the TRATON GROUP in any jurisdiction. Neither this presentation, nor any part of it, nor the fact of its distribution, shall form the basis of, or be relied on in connectionwith, any contractual commitment or investment decision in relation to the securities of Volkswagen AG, TRATON SE, or any company of the TRATON GROUP in any jurisdiction, nor doesit constitute a recommendation regarding any such securities.It contains forward-looking statements and information on the business development of the TRATON GROUP. These statements and information are based on assumptions relating inparticular to the TRATON GROUP’s business and operations and the development of the economies in the countries in which the TRATON GROUP is active. As far as information orstatements on Navistar are concerned, the same applies to Navistar. Please note that TRATON SE has signed definitive agreements on the acquisition of Navistar but the acquisitionrequires a number of approvals and is therefore not yet closed.The TRATON GROUP has made such forward-looking statements on the basis of the information available to it and assumptions it believes to be reasonable. The forward-lookingstatements and information may involve risks and uncertainties, and actual results may differ materially from those forecasts. If any of these or other risks or uncertainties materialize, orif the assumptions underlying any of these statements prove incorrect, the actual results may significantly differ from those expressed or implied by such forward-looking statements andinformation. The TRATON GROUP will not update this presentation, particularly not the forward-looking statements. The presentation is valid on the date of publication only.Certain financial information and financial data included in this presentation are preliminary, unaudited, and may be subject to revision. Due to their preliminary nature, statementscontained in this presentation should not be unduly relied upon, and past events or performance should not be taken as a guarantee or indication of future events or performance.Financial figures might be translated from different currencies, using the exchange rate prevailing at the relevant date or for the relevant period that the relevant financial figures relateto.All statements with regard to markets or market position(s) of TRATON SE or any affiliated company or any of its competitors are estimates based on data available to the TRATONGROUP. As far as information or statements on Navistar are concerned, the same applies to Navistar.IHS Markit Data referenced herein are the copyrighted property of IHS Markit Ltd. and its subsidiaries (“IHS Markit”). The IHS Markit Data are from sources considered reliable; however,the accuracy and completeness thereof are not warranted, nor are the opinions and analyses published by IHS Markit representations of fact. The IHS Markit Data speak as of the originalpublication date thereof and are subject to change without notice. IHS Markit and other trademarks appearing in the IHS Markit Data are the property of IHS Markit or their respectiveowners.The percentage figures shown may be subject to rounding differences. Due to different proportions and scaling in graphs, data shown in different graphs is not comparable.March 22, 2021 / Investor Relations / Conference Call for fiscal year 20202

AGENDA01. 2020 at Glance02. Outlook 202103. Back upa. TRATON GROUP Highlightsb. Segment Industrial Businessc. Segment Financial Servicesd. AppendixMarch 22, 2021 / Investor Relations / Conference Call for fiscal year 20203

01. 2020 AT GLANCE02. OUTLOOK 202103. BACK UP2020 – A YEAR OF TWO FACESExtremely challenging first half with a dramatic drop in demand with negative consequences for sales units andproduction volumes due to COVID-19 pandemic, especially in the second quarterStrong recovery in the second half, especially incoming orders continuously improving since MayDisciplined cash and cost management, including strict working capital management to safeguard liquidityFurther progress made on our way to create a Global ChampionSpeeding up of electrification and autonomous driving by strengthening our technology partnershipsMarch 22, 2021 / Investor Relations / Conference Call for fiscal year 20204

01. 2020 AT GLANCE02. OUTLOOK 202103. BACK UPDESPITE THE CHALLENGES, 2020 WAS A YEAR WITH MANY SUCCESSES FOR TRATONFY2020 Incoming orders: -5% to 216,251 units Unit sales: -21% to 190,180 units Sales revenue: -16% to 22,580 mn Adjusted operating result: 135 mn, adjusted RoS 0.6% Net cash flow Industrial Business: 676 mn1 Net liquidity Industrial Business: 27 mn2 New MAN Truck Generation introduced First-time solid investment grade ratings assigned to TRATON SEby Moody s and Standard & Poor s Debut syndicated revolving credit facility signed by TRATON SE Scania introduces first electric truck range TRATON and TuSimple global partnership for autonomous trucks TRATON and Hino start e-mobility joint venture TRATON reached binding merger agreement to acquire Navistar VWCO presents the new family of heavy-duty trucks2021 MAN Truck & Bus key issues paper to realign the company agreed20201 FY 2019 reported net cash flow of 2,711 mn; adjusted net cash flow 518 mn before the sale of Power Engineering ( 1,978 mn), parts of the RMMV Joint Venture ( 101 mn incl. dividend) and repayment for amounts and interest resulting from security deposits provided inBrazil ( 114 mn) ). 2 Mainly due to the net cash outflow of -1.4 bn resulting primarily from the end of the domination and profit and loss transfer agreement (DPLTA) with Volkswagen AG for the fiscal year 2019. Note: Delta FY 2020 vs. FY 2019March 22, 2021 / Investor Relations / Conference Call for fiscal year 20205

01. 2020 AT GLANCE02. OUTLOOK 202103. BACK UPSECOND HALF OF 2020 WITH STRONG RECOVERY Noticeable market recovery, though business activitiesstill significantly impacted by the COVID-19 pandemicSALES REVENUE ( bn)12.510.1Incoming orders: 47% vs. H1 2020H1 18Unit sales: 45% vs. H1 2020H2 18H1 19H2 19H1 20H2 20ADJUSTED OPERATING RESULT ( bn)Adjusted RoS (%)Net cash flow in Industrial Business: 1,023 mn( 1,370 mn vs. H1 2020)0.42.8-2.2-0.2GROUP1 andCapital expenditure TRATONprimaryR&D in Industrial Business: clearly reduced in FY 20201 Capital expenditures in property, plant, and equipment and in intangible assets (including capitalized development costs)March 22, 2021 / Investor Relations / Conference Call for fiscal year 2020H1 18H2 18H1 19H2 19H1 20H2 206

01. 2020 AT GLANCE02. OUTLOOK 202103. BACK UP IN ALMOST ALL AREASTrucks and buses (units)Incoming ordersUnit sales11of which trucksof which busesFinancial KPIs ( million)Sales revenueOperating resultOperating result (adjusted)Operating RoS (in %)Operating RoS (adjusted) (in %)H2 2020H1 2020 /-H2 2020H1 2020 /-H2 2020H1 2020 212214.24.219%3063594.2 pp5.1 2216.5 pp6.5 pp623-5-5-0.8-0.8612-10-10-1.7-1.72%550.9 pp0.9 pp Incoming orders and unitsales severely improved Favorable portfolio andcost savings1 MAN includes MAN TGE vans. Trucks excluding MAN TGE vans 53%.March 22, 2021 / Investor Relations / Conference Call for fiscal year 2020 Unit sales and sales Higher unit sales, butrevenue severely up Improved result, butnegative factors weigh on negative currency effectsweigh on sales revenueImproved product position7

AGENDA01. 2020 at Glance02. Outlook 202103. Back upa. TRATON GROUP Highlightsb. Segment Industrial Businessc. Segment Financial Servicesd. AppendixMarch 22, 2021 / Investor Relations / Conference Call for fiscal year 20208

01. 2020 AT GLANCE02. OUTLOOK 202103. BACK UPBUSINESS CLIMATE IS BRIGHTENING, BUT STILL FRAGILEGrowth in 2021 expected, but fragile environmentGlobal growth1 collapsed in 2020. Recovery expected in 2021, butless buoyant in EU than initially expected. US powering ahead.Truck registrations ( 16t) in Europe improving26040201.7%20212.0%20211.4%1.3%4.5% 5.1%20213.3%6.0%4.2%5.4% 20212020WorldGDP forecasts for 2020/2021 as of20212020Euro AreaJan 20201 IMF World Economic OutlookMarch 22, 2021 / Investor Relations / Conference Call for fiscal year 20202021USJun 2020-602017Jan 202120182019Monthly European truck registrations (k units)2 ACEA new heavy commercial vehicles (HCV) registrations of 16t and over for EU EFTA UK20202021YoY change (in %)9

01. 2020 AT GLANCE02. OUTLOOK 202103. BACK UPYET THE POSITIVE TREND CONTINUED IN THE FOURTH QUARTER OF 2020INCOMING ORDERS & UNIT SALES (k units)INCOMING ORDERS & UNIT SALES (YoY change, %)803070206010050-1040-2030-3020-4010-500Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q418 18 18 18 19 19 19 19 20 20 20 20March 22, 2021 / Investor Relations / Conference Call for fiscal year 2020-60Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q418 18 18 18 19 19 19 19 20 20 20 2010

01. 2020 AT GLANCE02. OUTLOOK 202103. BACK UPPOSITIVE TRUCK MARKET OUTLOOK, DEPENDING HEAVILY ON COVID-19 DEVELOPMENTSOUTHAMERICAEU27 31TRUCK MARKET EXPECTATIONS ( 6t, k 7Marketexpectations2145 20132015201739220192021e 10% – 40%2021e470412200020092021e 10% – arketexpectations22021e 5% – 20%2021eSource: Historical data based on own calculations and estimates. 1 EU27 3 region (EU27 countries without Malta, plus the United Kingdom, Norway, and Switzerland) 2 Includes estimates from different institutes, companies, and data/information services.March 22, 2021 / Investor Relations / Conference Call for fiscal year 202011

01. 2020 AT GLANCE02. OUTLOOK 202103. BACK UPTRATON OUTLOOK 2021 – RECOVERY AFTER STRONG DECLINEFY 2019FY 2020FY 2021 Outlook1Unit sales242.2 k 4%190.2 k-21%SharpincreaseGroup sales revenue 26.9 bn 4% 22.6 bn-16%SubstantialincreaseOperating return on sales& operating result27.0% 1.9 bn0.4% 81 mn5.0 – 6.0%Cash conversion rate3(Industrial Business)179%n/a425 – 35%1 Before expenses from the MAN Truck & Bus restructuring program and effects from the planned acquisition of Navistar International Corporation. 2 FY 2019: adjusted RoS 7.0%, adjusted operating result 1.9 bn; FY 2020: adjusted operating RoS 0.6%, adjusted operating result 135 mn 3 Calculated as the ratio of net cash flow to profit after tax; cash conversion rate in FY 2019 was positively affected by the proceeds of approximately 2.0 bn from the disposal of the Power Engineering business. 4 In FY 2020, the negative earnings after tax did not resultin any meaningful cash conversion rate.12March 22, 2021 / Investor Relations / Conference Call for fiscal year 2020

01. 2020 AT GLANCE02. OUTLOOK 202103. BACK UP2021 REMAINS CHALLENGING, BUT RECOVERY EXPECTEDGLOBAL ECONOMYclearly recovering, but still challenging year due touncertainties and severe impacts from COVID-19 pandemicBUSINESS CLIMATEtruck markets in core regions recovering, but not yetreaching pre-pandemic levelPLANNED AQUISITION OF NAVISTARexpected closing mid-2021 andsubsequent integrationNEW TRUCK LINESwell invested into the future – strong positionwith new truck lines in all brandsMAN REALIGNMENTmeasures to significantly improve operatingresult; introduction of new truck generationconcluded in 2021FOCUS ON E-MOBILTY LEADERSHIPPOWERTRAIN INTRODUCTION ACROSS BRANDSstart of introduction of the Common Base Engine (CBE)in H2 2021further speeding up of electrificationMarch 22, 2021 / Investor Relations / Conference Call for fiscal year 202013