Volkswagen

An Overview of Financial Performance

Agenda

The VW supplies vehicles and services to people world-wide.

This presentation provides an overview of our financial performance.

Unless marked as Company Confidential, all information has been made public.

Highlights

Income

Revenue

Balance Sheet

Assets

Stock Performance

Highlights

(in millions) 1999 2000

Net revenues $x,xxx $x,xxx

Net income xxx xxx

Earnings per share xxx xxx

Return on net revenues xx% xx%

Cash and s/t investments $xxx $xxx

Total Assets x,xxx x,xxx

Stockholder’s equity xxx xxx

IncomeNet

RevenuesNet

IncomeEarnings /

Share

$2,759

$3,753

$4,649

'98 '99 '00

$708

$953

$1,146

'98 '99 '00

$1.21

$1.57

$1.88

'98 '99 '00

Revenue by Division

Division A16%

Division B24%

Division C37%

Division D23%

Balance Sheet

1999 2000

AssetsCash and short-term investmentsAccounts receivableInventoriesOther

$x,xxx

xxx

xxx

xxx

$x,xxx

xxx

xxx

xxx

Total Assets $x,xxx $x,xxx

LiabilitiesAccounts payableAccrued compensationIncome taxes payableOther

$x,xxx

xxx

xxx

xxx

$x,xxx

xxx

xxx

xxx

Total Liabilities $x,xxx $x,xxx

Shareholder’s Equity $x,xxx $x,xxx

Assets

US56%

Europe13%

VW31%

Stock Performance

15

20

25

30

Hi

Low

Close

Stock Performance to Date