Income Statement. January - December 2012 *) % 2013 % million

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2 Highlights Volkswagen reports successful fiscal year 2013 in a challenging environment: - Sales revenue rises by 2.2% to billion - Operating profit exceeds record prior-year level at 11.7 billion % return on investment in the Automotive Division above 9% minimum required rate of return Liquidity position shows financial strength and solidity on the growth trajectory: billion net liquidity in the Automotive Division - Successful placement of mandatory convertible note ( 1.2 billion) and hybrid notes ( 2.0 billion) - Dividend proposal for fiscal year 2013: 4.00 per ordinary share and 4.06 per preferred share Ongoing implementation of strategic growth and investment program: - Integrated Commercial Vehicles Group: conclusion of a control and profit and loss transfer agreement with MAN SE; tender offer for all outside shareholders of Scania in Unique brand portfolio and attractive product range - Systematic implementation of Strategy 2018

3 Income Statement million January - December 2012 *) % 2013 % Sales revenue 192, , Cost of sales - 157, , Gross profit 35, , Distribution expenses - 18, , Administrative expenses - 6, , Net other operating income 1, , Operating profit 11, , Financial result 13, Profit before tax 25, , Income tax expense - 3, , Profit after tax 21, , Noncontrolling interests Profit attributable to Volkswagen AG hybrid capital investors Profit attributable to Volkswagen AG shareholders 21, , *) Prior-year figures adjusted to reflect application of IAS 19R.

4 Operating Profit - by Brand and Business Field January - December Change million ) 2013 absolute in % Volkswagen Passenger Cars 3,643 2, Audi 5,365 5, ŠKODA SEAT Bentley Porsche 2) 943 2,579 1,636 x Volkswagen Commercial Vehicles Scania 2) MAN 2) Other 3) 3) -2,682 3) -2, Volkswagen Financial Services 1,408 1, Volkswagen Group 11,498 11, Automotive Division 9,913 9, of which: Passenger Cars 4) 8,968 9, Commercial Vehicles/Power Engineering 4) Financial Services Division 1,585 1, ) Prior-year figures adjusted to reflect application of IAS 19R. 2) Including financial services; Porsche as from August 1, ) Mainly intragroup items recognized in profit or loss, in particular from the elimination of intercompany profits; the figure includes depreciation and amortization of identifiable assets as part of the purchase price allocation for Scania, Porsche Holding Salzburg, MAN and Porsche (as from August 2012). 4) Volkswagen Commercial Vehicles has been reported within the Automotive Division under Commercial Vehicles since January 1, 2013; the prior-year figures have been adjusted.

5 Change in Operating Profit billion ) Volume/ Mix/Prices Exchange rates Product costs Passenger Cars 2) Fixed costs Commercial Vehicles/ Power Engineering 2) Financial Services Division 3) 1) Prior-year figures adjusted to reflect application of IAS 19R. 2) Including purchase price allocations, without financial services. 3) Including purchase price allocations. 2013

6 Automotive Division Return on Investment after Tax *) 16.6% 14.5% 9.0% Minimum required rate of return *) Including proportionate inclusion of the Chinese joint ventures (incl. the sales and component companies) and allocation of consolidation adjustments between the Automotive and Financial Services divisions. Prior-year figures adjusted to reflect application of IAS 19R.

7 Financial Services Division Return on Equity *) 13.1% 14.3% *) Profit before tax as a percentage of average equity. Prior-year figures adjusted to reflect application of IAS 19R.

8 Equity Ratio by Division *) Volkswagen Group Automotive Division Financial Services Division % % % *) Prior-year figures adjusted to reflect application of IAS 19R.

9 Automotive Division Net Liquidity 1) January - December Change million ) 2013 absolute in % Gross cash flow 15,774 18,688 2, Change in working capital 458 1,925 1,467 x = Cash flows from operating activities 16,232 20,612 4, Cash flows from investing activities attributable - 16,455-16, to operating activities of which: Acquisition of property, plant and equipment - 10,271-11, as % of sales revenue Additions to capitalized development costs - 2,615-4,021-1, Acquisition/disposal of equity investments - 3,927-1,702 2, Net cash flow ,413 4,636 x Mandatory convertible notes/hybrid notes 2,048 3,067 1, Capital transactions with noncontrolling interests - 2, ,101 x Net liquidity at December 31 10,573 16,869 6, ) Including allocation of consolidation adjustments between the Automotive and Financial Services divisions. 2) Prior-year figures adjusted to reflect application of IAS 19R. 3) Percentage points. 3)

10 Earnings per Ordinary and Preferred Share 1) Profit after tax 2) Group Earnings per ordinary share Earnings per preferred share million 21, , ) 3) 1) Basic. 2) Profit attributable to Volkswagen AG shareholders. Prior-year figures adjusted to reflect application of IAS 19R. 3) Prior-year figures adjusted to reflect application of IAS and IAS 19R.

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