Investors Visit, Morgan Stanley, Ingolstadt, September 26, 2008 Axel Strotbek Member of the Board of Management, Finance and Organization, AUDI AG
Audi TT ENTWURF
Model launches in 1st half of 2008 A4 Sedan A4 Avant A3 Cabriolet January March May June February April June July August September October November December
Model launches in 1st half of 2008 RS 6 Avant TTS/TT TDI January February March May July September April June August October November December
Model launches in 2nd half of 2008 A3 Facelift S3 Sportback January February March April May July September June August October November December
Audi A6 Product Improvement
Audi RS 6 Sedan
Audi Q5
Strategy 2015 Audi the most attractive premium brand Substantial rise in profitability Most attractive employer Volume growth to 1.5 million vehicles Customer enthusiasm and image leader for emotion and quality
Deliveries to customers, Audi brand vehicles +1.4% 516,211 508,842 1-6/2007 1-6/2008
Growth markets Russia Deliveries to customers, Audi brand Jan.-June 2008 China 60,509 + 22.8 % Russia 8,660 + 19.1 % Middle East 3,632 + 12.7 % India 470 +128.2 % Middle East India China
China Audi A6 long-wheelbase version
India Dealer network in India CKD production of the Audi A6 in Aurangabad Chandigarh Gurgaon Pune Hyderabad Bangalore
Deliveries to customers, Audi brand in thousand vehicles 1,500 492 546 599 635 653 726 742 770 779 829 905 964 > 1,000 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2015
Income Statement (IFRS) 2007 Jan.-June 2008 Jan.-June Change Revenue [EUR million] 17,378 17,387 + 0.1% Cost of sales [EUR million] 14,942 14,852-0.6% Gross profit [EUR million] 2,436 2,535 + 4.1%
Income Statement (IFRS) 2007 Jan.-June 2008 Jan.-June Change Gross profit [EUR million] 2,436 2,535 + 4.1% Operating result [EUR million] 1,014 1,299 + 28.1% Profit before tax [EUR million] 1,105 1,372 + 24.2%
Operating margin (IFRS) in percent 7.5 5.8 1-6/2007 1-6/2008
Cash Flow Statement (IFRS) 2007 Jan.-June 2008 Jan.-June Gross cash flow [EUR million] 1,715 2,026 Cash flow from operating activities [EUR million] 2,912 2,468 Cash flow from investing activities [EUR million] 1,177 939 Net cash flow [EUR million] 2,009 1,479
Key performance indicators (IFRS) 2007 Jan.-June 2008 Jan.-June Change Revenue [EUR million] 17,378 17,387 + 0.1% Operating result [EUR million] 1,014 1,299 + 28.1% Operating margin [percent] 5.8 7.5 x Net liquidity (June 30) [EUR million] 7,122 8,868 + 24.5%
Environment
Significant increases in efficiency Audi A3 Fuel economy improved by up to 15 percent* Audi A4 Fuel economy improved by up to 18 percent* Audi A6 Fuel economy improved by up to 15 percent* *compared with previous model * compared with previous model * compared with previous model
Audi Mileage Marathon ENTWURF
Alternative drive concepts
Axel Strotbek Member of the Board of Management, Finance and Organization, AUDI AG
Disclaimer This presentation contains forward-looking statements and information on the business development of the Audi Group. These statements may be spoken or written and can be recognized by terms such as expects, anticipates, intends, plans, believes, seeks, estimates, will or words with similar meaning. These statements are based on assumptions relating to the development of the economies of individual countries, and in particular of the automotive industry, which we have made on the basis of the information available to us and which we consider to be realistic at the time of going to press. The estimates given involve a degree of risk, and the actual developments may differ from those forecast. Consequently, any unexpected fall in demand or economic stagnation in our key sales markets, such as in Western Europe (and especially Germany) or in the USA or China, will have a corresponding impact on the development of our business. The same applies in the event of a significant shift in current exchange rates relative to the US dollar, sterling, yen, Brazilian real, Chinese rinminbi and Czech koruna. If any of these or other risks occur, or if the assumptions underlying any of these statements prove incorrect, the actual results may significantly differ from those expressed or implied by such statements. We do not update forward-looking statements retrospectively. Such statements are valid on the date of publication and can be superceded.