Company Presentation with the Key Figures for March 2018

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1 Company Presentation with the Key Figures for 2017 March 2018

2 Agenda The History of the MAN Group The MAN Group Today The Business Areas Outlook 2018

3 The History of the MAN Group

4 The History of the MAN Group Birthplace of the Diesel Engine MAN Group Company Presentation March 2018 > 4 <

The History of the MAN Group History The MAN

Antony ironworks, Oberhausen 1840: Sander sche

C.Reichenbach sche Maschinenfabrik, Augsburg

1808: Merger of several works in the Ruhr region

Maschinenbau-Aktien-Gesellschaft Nürnberg, which

5 The History of the MAN Group History The MAN Group has twin roots: 1758: St. Antony ironworks, Oberhausen 1840: Sander sche Maschinen-Fabrik Augsburg 1844: Change of name to C.Reichenbach sche Maschinenfabrik, Augsburg 1857: Change of name to Maschinenfabrik Augsburg 1808: Merger of several works in the Ruhr region 1898: Merger with Maschinenbau-Aktien-Gesellschaft Nürnberg, which was founded in : Gutehoffnungshütte Actienverein (GHH) 1908: M.A.N. Maschinenfabrik Augsburg-Nürnberg AG 1921: GHH acquires majority share of M.A.N. MAN Group Company Presentation March 2018 > 5 <

The History of the MAN Group History 1986: M.A.N. merges with GHH, renamed MAN AG, based in Munich, Germany; individual business areas restructured by industry as public limited companies.

3 billion in 2017. As a supplier of trucks, buses, vans, diesel engines, turbomachinery, and special gear units, MAN employs around 54,300 people worldwide.

6 The History of the MAN Group History 1986: M.A.N. merges with GHH, renamed MAN AG, based in Munich, Germany; individual business areas restructured by industry as public limited companies. 2018: The MAN Group is one of Europe s leading players in the engine, commercial vehicle, and mechanical engineering industries, with a revenue of 14.3 billion in As a supplier of trucks, buses, vans, diesel engines, turbomachinery, and special gear units, MAN employs around 54,300 people worldwide. The Company became part of the Volkswagen Group in November 2011 and of Volkswagen Truck & Bus GmbH in MAN Group Company Presentation March 2018 > 6 <

7 The MAN Group Today

The MAN Group Today Company Structure MAN SE

Engineering MAN Truck & Bus MAN Latin America

10,037 mn Revenue in 2017: 1,141 mn Revenue in

Investments Sinotruk (25% + 1 share), Scania (17.

8 The MAN Group Today Company Structure MAN SE Business Areas Commercial Vehicles Power Engineering MAN Truck & Bus MAN Latin America MAN Diesel & Turbo Renk (76%) Revenue in 2017: 10,037 mn Revenue in 2017: 1,141 mn Revenue in 2017: 2,832 mn Revenue in 2017: 469 mn Divisions Investments Sinotruk (25% + 1 share), Scania (17.37% voting rights) MAN Group Company Presentation March 2018 > 8 <

9 The MAN Group Today MAN at a Glance Key Figures mn D Order intake 16,062 14,357 12% Sales revenue 14,342 13,564 6% Operating profit mn Operating return on sales (%) %pts. Headcount 1) 54,297 53,824 1% Net cash flow mn Net financial debt 1) 2,291 1, mn 1) As of December 31, 2017, vs. December 31, 2016 MAN Group Company Presentation March 2018 > 9 <

The MAN Group Today Shareholder Structure* The free float for MAN s common shares amounted to 24.27% as of December 31, 2017.

10 The MAN Group Today Shareholder Structure* The free float for MAN s common shares amounted to 24.27% as of December 31, Apart from its largest single shareholder, Volkswagen Truck & Bus GmbH, MAN SE still has an international investor base made up of both private and institutional investors. The latter are predominantly based in Germany, the United Kingdom, and the United States % Free float 75.73% Volkswagen AG** * Basis: 140,974,350 common shares; as of December 31, 2017 ** Shares in MAN SE are held by Volkswagen Truck & Bus GmbH, a wholly-owned subsidiary of Volkswagen AG. MAN Group Company Presentation March 2018 > 10 <

11 The MAN Group Today MAN SE Management Executive Board and Management Board Joachim Drees Chief Executive Officer Management Board Member only Dr. Carsten Intra Chief Human Resources Officer Jan-Henrik Lafrentz Chief Financial Officer Dr. Uwe Lauber Chief Executive Officer of MAN Diesel & Turbo SE Antonio R. Cortes President MAN Latin America MAN Group Company Presentation March 2018 > 11 <

The MAN Group Today Strategic Alignment Focus on transportation and energy Profitable international growth Consistent customer orientation

12 The MAN Group Today Strategic Alignment Focus on transportation and energy Profitable international growth Consistent customer orientation Continuous expansion of after-sales business Technology leadership Sustainable value creation MAN Group Company Presentation March 2018 > 12 <

13 The MAN Group Today MAN Corporate Values MAN Group Company Presentation March 2018 > 13 <

14 The Business Areas

The Business Areas Commercial Vehicles: MAN Truck & Bus The largest MAN Group company and a leading supplier of commercial vehicles and transportation solutions.

5 to 44 t Heavy special-purpose vehicles with a gross train weight of up to 250 t MAN-branded city and intercity buses, coaches, and bus chassis as well as

15 The Business Areas Commercial Vehicles: MAN Truck & Bus The largest MAN Group company and a leading supplier of commercial vehicles and transportation solutions. The new TGE makes MAN a full-range provider of commercial vehicles from 3 t through 250 t. Vans from 3.0 through 5.5 t Trucks with a gross vehicle weight of 7.5 to 44 t Heavy special-purpose vehicles with a gross train weight of up to 250 t MAN-branded city and intercity buses, coaches, and bus chassis as well as NEOPLAN-branded luxury coaches Industrial, marine, and on- and off-road engines End-to-end passenger transportation and goods transportation services MAN Group Company Presentation March 2018 > 15 <

The Business Areas Commercial Vehicles: MAN Latin America One of the largest truck manufacturers in Brazil with a history spanning more than 35 years.

and bus chassis that are marketed under both the Volkswagen Caminhões e Ônibus and MAN brands. Trucks with a gross vehicle weight of 3.

16 The Business Areas Commercial Vehicles: MAN Latin America One of the largest truck manufacturers in Brazil with a history spanning more than 35 years. The company is a supplier of commercial vehicles and bus chassis for growth markets, with one of the most advanced production facilities worldwide for trucks and bus chassis that are marketed under both the Volkswagen Caminhões e Ônibus and MAN brands. Trucks with a gross vehicle weight of 3.5 to 31 t Tractor-trucks with a gross train weight of up to 74 t Bus chassis from 5 to 26 t for all uses Tailor-made special-purpose vehicles MAN Group Company Presentation March 2018 > 16 <

Latin America Improved market environment Market leadership regained in Brazil for trucks weighing 5 t and over

17 The Business Areas Commercial Vehicles: Business Developments 2017 MAN Truck & Bus European truck market remains at a high level Significant improvement in operating profit Earnings mainly driven by PACE2017 program for the future MAN Latin America Improved market environment Market leadership regained in Brazil for trucks weighing 5 t and over Positive effects from higher unit sales and the program to improve efficiency MAN Group Company Presentation March 2018 > 17 <

The Business Areas Power Engineering: MAN Diesel & Turbo The world s leading provider of large-bore diesel and gas engines and also one of the leading suppliers of turbomachinery on the

Two- and four-stroke engines with high fuel flexibility for use in ships and power plants On-board gensets, exhaust-gas turbochargers, and propulsion systems Diesel and gas power plants and

18 The Business Areas Power Engineering: MAN Diesel & Turbo The world s leading provider of large-bore diesel and gas engines and also one of the leading suppliers of turbomachinery on the global market. Two- and four-stroke engines with high fuel flexibility for use in ships and power plants On-board gensets, exhaust-gas turbochargers, and propulsion systems Diesel and gas power plants and power plant components Comprehensive range of compressors, gas turbines, steam turbines, and chemical reactors Complete turbomachinery trains for the oil and gas industry, the processing industry, and power generation Global end-to-end after-sales services for the company s entire product range under the MAN PrimeServ brand MAN Group Company Presentation March 2018 > 18 <

The Business Areas Power Engineering: Renk A globally recognized manufacturer of high-quality special gear units, propulsion components, and testing systems.

19 The Business Areas Power Engineering: Renk A globally recognized manufacturer of high-quality special gear units, propulsion components, and testing systems. Vehicle transmissions for medium and heavy-tracked vehicles Special gear units for specialist marine and stationary applications Standard gear units, primarily for merchant shipping, industrial applications, and wind power Slide bearing housings for mechanical and electrical plant engineering as well as special-purpose applications Turnkey testing systems for the automotive, rail, and aviation industries as well as testing systems for wind power plants MAN Group Company Presentation March 2018 > 19 <

but market environment remains difficult Renk Order intake down year-on-year Sales revenue

20 The Business Areas Power Engineering: Business Developments 2017 MAN Diesel & Turbo Order intake increased sharply Operating return on sales tangibly improved Slight recovery in the markets, but market environment remains difficult Renk Order intake down year-on-year Sales revenue declines Operating return on sales again in double digits MAN Group Company Presentation March 2018 > 20 <

21 Outlook 2018

22 Outlook 2018 Outlook 2018 Commercial Vehicles Unit sales expected to increase moderately year-on-year Power Engineering Order intake on a level with the previous year MAN Group Slight year-on-year growth in sales revenue in 2018 Operating profit of the MAN Group will remain largely unchanged year-on-year, operating return on sales will decline slightly. MAN Group Company Presentation March 2018 > 22 <

23 Contact Do you have any more questions? MAN SE Dachauer Str Munich Germany Tel Fax MAN Group Company Presentation March 2018 > 23 <

24 Thank you for your attention.

Fiscal 2011: MAN generates record revenue

Fiscal 2011: MAN generates record revenue Munich, February 14, 2012 Revenue 16.5 billion (previous year: 14.7 billion) Order intake 17.1 billion ( 15.1 billion) Operating profit 1.483 billion ( 1.035 billion)