Daimler Truck Roadshow Presentation Q1 2022

ROADSHOWPRESENTATION

May, 2022

ISIN: DE 000 DTR0CK8WKN: DTR0CK

Bloomberg Ticker: DTG:GRReuters Ticker: DTGGe.DE

Daimler Truck Group | Roadshow Presentation | May, 2022 2

FOR ALL WHO KEEP THE WORLD MOVINGWe are purpose-driven

LEAD SUSTAINABLE TRANSPORTATION

UNLOCK PROFIT AND FREE CASH FLOW

POTENTIAL

STRONG POSITION – ALREADY TODAY− Strong brands, teams and cutting edge technologies in all regions− Significant scale to capitalize on commonality and lower costs− Captive financial services to accelerate service revenues

CLEAR TARGETS FOR VALUE CREATION – GOING FORWARD − Unlock profit and FCF potential− Reduce break-even point and grow service revenue for increased resilience− Rock-solid balance sheet with balanced funding mix and investment-grade rating

2021: LASER FOCUS ON EXECUTION OF STRATEGY− Delivered on our financial targets in 2021 despite headwinds − Continued strong cost discipline and focus on profitability− CAPEX and R&D reduction target achieved in 2021

1

2

3

WHY INVEST IN DAIMLER TRUCK?Capitalize on our strong position and unlock profit and free cash flow potential


ACCELERATING SUSTAINABLE AND HIGHLY AUTOMATED TRANSPORTATION− Leading in sustainable transportation− Start of Mercedes-Benz eActros series production in Europe in 2021− Launch of Freightliner eCascadia in North America in 2022− Shaping highly automated transportation with our partners Torc Robotics and Waymo

PARTNERSHIP STRATEGY CONTINUED− Start of fuel cell joint venture cellcentric (Volvo)− Charging infrastructure in Europe (Volvo and Traton)− Charging and H2 infrastructure in North America (NextEra Energy Resources and BlackRock)− Outsourced ICE medium-duty engines (Cummins)

CULTURE, LEADERSHIP AND ESG AS KEY ENABLERS− Culture of trust and entrepreneurship− ESG strategy and roadmap established− Investor-focused performance and compensation culture

4

4

5

6

WHY INVEST IN DAIMLER TRUCK?Leading sustainable transformation with cutting-edge technology


5

GLOBAL LEADER1 #1NORTH AMERICA

Class 6-8

#1EU-301

MDT/HDT

#3JAPAN

Trucks Total

#2BRAZILMDT/HDT

#1EU-30

Buses >8t

Note: Market share based on company estimate.

DAIMLER TRUCK GLOBAL LEADERSHIPPlatform, powertrain and system commonality1

1 FY 2021 Daimler Truck Group | Roadshow Presentation | May, 2022 5

2020 2021

EBIT adjustedin million Euro

657

2,552

+288%

Salesin Units

455,445

378,290

+20%

Revenuesin million Euro

39,764

36,013

+10%

DAIMLER TRUCK NORTH AMERICA: UNDISPUTED INDUSTRY LEADEROn-highway business presents a very clear framework for vocational success1

1 For the year 2021 (Class 6-8). Source: Company estimate. 2 Since launch in 2007.

LEADING POSITION… …STRONG FOUNDATIONS… ….RIGHT PRODUCT PORTFOLIO

#1

#1

#2

On-highway large/mega fleets

On-highway small fleets

Vocational

Industrial-leading updated technology

World-class dealer network

Uncompromised customer focus

9,000+SERVICE BAYS

34%IMPROVED FUEL

EFFICIENCY2

826k+CASCADIAS BUILT2

On-highway large/mega fleets

On-highway small fleets

Off-highway vocational

1

Corporate HQ Business Unit Manufacturing Plants Parts Distribution Centers

Portland, OR

High Point, NCFt. Mill, SC

Detroit, MINorth

Carolina

SouthCarolinaGaffney, SC

6Daimler Truck Group | Roadshow Presentation | May, 2022 6

~60%Market share of large fleets from a total market share of ~40% for Class 8

MERCEDES-BENZ: REBUILDING PROFITABILITYStrong market position in key markets and strong product portfolio1KEY MARKETS

STRONG MARKET POSITION ACROSS REGIONS … … AND PRODUCT PORTFOLIO

HEAVY DUTY TRUCKS

SPECIAL TRUCKS

MB Truck Operations Powertrain Operations R&D Location CKD – Completely Knocked Down Manufacturing

StuttgartWörthMannheim

Gaggenau

Kassel

Juiz de ForaSäo Bernardo

Finland

South Africa

Aksaray

MolsheimIstanbul

Kenya

Saudi Arabia

Malaysia

#1 BRAND EU-301

MDT/HDT#2 BRAND BRAZIL1

MDT/HDT

MEDIUM DUTY TRUCKS

7Daimler Truck Group | Roadshow Presentation | May, 2022 71 For the year 2021 Source: Company estimate.

DAIMLER TRUCK ASIA: OPPORTUNITY AND GROWTH Leveraging true Asian footprint and Daimler Truck technology1

1 For the year 2021; Source: IHS Markit. 2 For the year 2021; Source: Company estimate.

HEAVY DUTY TRUCKS

MEDIUM DUTY TRUCKS

BUS

….LOCALIZED FULL PORTFOLIO

LIGHT DUTY TRUCKS

Balance of markets

Proven recurring service business model

Renowned and true local brands

Indonesia# 1

JapanTop 3

ChinaHDT import market share# 1

1

1

2

LEADING POSITION… …STRONG FOUNDATIONS…

India

Japan

HQ or Subsidiary

KD/License Production

MFTBC Joint Venture

Portugal

JV Beijing Foton Daimler Automotive

China (JV)


DAIMLER BUSES: GLOBAL MARKET LEADER#1 in all core markets through full customer focus1

1 For the year 2021; Source: Company estimate;Buses >8t; Markets as defined for the purpose ofthis presentation are not in line with markets defined for the purpose of competition laws.

STRONG BRANDS AND

TECHNOLOGIES

FULL LINE SUPPLIER WITH

GLOBAL SERVICE NETWORK

Integral

Coach City Interurban

Chassis

BRAZIL53.8% market share1

MEXICO37.8% market share1

EUROPE27.5% market share1

STRONG LOCAL PRODUCTION FOOTPRINT

NO.1 IN OUR KEY MARKETS

Mercedes-Benz and Setra

OmniPlus and BusStore

Pioneer in Safety and Assistance Systems

By 2039 only CO2-neutral new vehicles offeredin the core European market

Direct sales, service and spare parts –from one single customer touchpoint

Covering all segments in the global bus market

Daimler Buses Mexico

Mercedes-Benz Türk A.Ş.

Spain

Mexico

Brazil

Argentina

Daimler BusesLatin America

FranceGermany

EvoBus / Bus Europa

Czech Republic

Turkey

Manufacturing Plants


1BY PRODUCT BY REGION

TOTAL CONTRACT VOLUME1

8%

73%

19%

Finance

LeaseWholesale

61%25%

14%

Europe & South America North

America

Asia & Overseas

PENETRATION RATES in 20221

Asia &Overseas

27%

NorthAmerica

19%37%

Europe & South America

FOUNDATION PHASENew foundations in 2022+ and ramp-up in 2023+

New markets

PHASE 1 Transfer in 2021 and growthin 2022

PHASE 2 Transfer and growth in 2022

OVERALL: 25%

1 Illustrated KPIs based on planned 2022 portfolio representing phase 1 and phase 2.

DAIMLER TRUCK FINANCIAL SERVICES IS POWERINGDriving enduring customer relationships and contribution to Group’s profit and cash flow


CLEAR FINANCIAL AMBITIONSOur financial ambitions 2025 to unlock full potential2

1 Profitability reflected by adjusted return on sales. 2 Adjusted.

MARKET ENVIRONMENT

FIXED COST -15% VS. 2019

CAPEX / R&D -15% VS. 2019

PROFITABILITY1 6 - 7% 8 - 9% >10%

CASH CONVERSION2

0.8 - 1.0X

Structurally moreprofitable business

Lower break-evenpoint with lowerfixed cost and higher service revenue share

Prepared for tough conditions but ready to benefit from upcycles

INDUSTRIAL BUSINESS


THE PATH TO OUR 2025 PROFITABILITY AMBITIONDriven by self-help measures2

- in % -

2019ACTUALS

Volume OtherContributionMargin

FixedOverheads

2025AMBITION

INDEPENDENT OF TRUCK MARKET CONDITIONS

5.8

10.0

Improving aftersales and new service revenue opportunities

Contribution margin uplift due to product cost reduction and mix

Increasing pivot towards heavy duty

Significant fixed overhead cost reduction

New product-led growth in China, vocational and Bus North America

INDUSTRIAL BUSINESS

KEY INITIATIVESROS ADJUSTED


TRANSFORMING OUR BUSINESS: GROWING SERVICES RAPIDLYTranslating long-term customer relationships into recurring revenues to reduce cyclicality2

1 % refers to as % of revenue. 2 Services include industrial services as well as financial services.

2ND LIFE SOLUTIONS ZERO EMISSION AUTONOMOUSSERVICE EXCELLENCE

Used service contracts Remanufacturing Used truck financing

Industry solutions Dynamic lease Data-driven uptime

Captive financial services Service contract penetration E-Commerce platform

Battery second use Charging services Digital e-Services

Virtual driver Autonomous chassis Hub services

~30%1~35%1

VEHICLE SALE

TODAY2 MID-TERM2 20302

VEHICLE OPERATION

ADVANCED SERVICES

~50%1


OUR FUNDING STRATEGY IS BUILT ON STRICT PRINCIPLESEnsuring financial flexibility and independence 2

TARGETING FINANCIAL INDEPENDENCE

No dependence on single markets, instruments, banks or investors

Diversification of funding sources and instruments: bank loans, bonds, ABS

No covenants, no MAC, no asset pledges, no CSAs

Keeping prudent amount of cash and committed credit facility

New markets funded via global and local banks first

Early capital market funding to save credit capacity in growth regions

Liquidity matched funding

Interest rate matched funding

Country matched funding

Currency matched funding

MAXIMIZING FINANCIAL FLEXIBILITY

FUNDING MATCHING GLOBAL BUSINESS NEEDS


WELL-DIVERSIFIED FUNDING MIXBalanced financing through capital market instruments, bank loans and selected ABS 2

Japan

USA

Canada

Europe2

Brasil

Mexico

Others1 ABS

Bank Loans

Bonds

Daimler Truck Financial Services business will focus on core markets with well-established capital markets (e.g. larger share of USA, Canada)

Consequently, capital market funding ratio will increase

1 Others includes: Australia, South Africa and Argentina. 2 Europe includes: Netherlands, Belgium, Turkey, Italy, Spain and UK.

MARKETS FUNDING INSTRUMENTS


SOLID LIQUIDITY & INVESTMENT-GRADE RATINGWe have a rock-solid balance sheet2

S&P: BBB+ MOODY’S: A3

ACTUALSDec 31, 2021

ACTUALSMar 31, 2022

DAIMLER TRUCK

Equity ratio 30% 31%

Gross liquidity 7.4 7.0

Funded status of pension obligations -1.8 -1.5

Funding ratio 77% 79%

INDUSTRIAL BUSINESS

Equity ratio 40% 41%

Net liquidity 6.0 6.1

FCF 0.9 (Q1/21) 0.1

- in bn. € -

16

SOLID RATING


“Daimler Truck has developed an ambitious profitability roadmap to

improve the resilience of its operating performance during industry

downturns and is preparing for the energy transition towards zero-

emission vehicles.” (S&P)

“Its good diversification with seven individual brands, and leading

positions in the US and European markets. […] potential to grow margins

via efficiency measures, the companies conservative financial

policy and a strong liquidity profile.” (Moody’s)

STRONG CASHCONVERSION

Transformation into a higher return on capital and very strong FCF business

ATTRACTIVE DIVIDEND ~40% pay-out ratio1

FOCUSED CAPITAL

ALLOCATION

Highly focused R&D and capex, build financial servicesbusiness, retain financial flexibility

STRONG BALANCE SHEET Solid investment grade credit rating

1 Of net profit, covered by industrial FCF; from Financial Year 2022 onwards Financial Year 2021 dividend paid by Mercedes-Benz Group AG.

FOCUSED ON VALUE CREATIONCommitted to lifting performance & strong shareholder returns2



WE CONSISTENTLY EXECUTE OUR STRATEGIC AMBITIONSOn track for our 2025 ambitions3

ACCELERATING SUSTAINABLE TRANSPORTATION

− Launch of Freightliner eCascadia and of Mercedes-Benz eActros series production

− eCitaro accounts for almost half of total market for electric city buses in Germany

− Start of fuel cell joint venture cellcentric

− Partnerships for charging and refueling networks for battery and hydrogen-powered vehicles in Europe and the U.S.

− Outsourcing of medium-duty diesel engines

UNLOCKING PROFIT POTENTIAL BY ACTIVE PORTFOLIO MANAGEMENT

− Launch of new Western Star vocational trucks

− Launch of Mercedes–Benz coach for North America

− Streamlining existing Mercedes-Benz product range

− Sale of minibus business

DELIVERING ON OUR PROMISESWe are on track to achieve our 2025 margin ambitions3


Trucks Asia Daimler BusesMercedes–BenzTrucks North America Financial Services2

ROS/ROE adjustedin % -

Daimler Truck IB1

2025AMBITION

>10% 12% 10% 9% 7.5% 14%

2019

2020

2021 6.1% 9.2% 4.8% 7.2% -2.4% 12.4%

1.9% 7.3% -1.7% 0.7% 1.9% 0.1%

5.8% 11.5% 0.4% 2.3% 6.1% 12.4%

8 – 9% 9 – 10% 8 – 9% 7 – 8% 4 – 6% 10 – 12%

6 – 7% 7 – 8% 5 – 7% 5 – 6% 2 – 4% 6 – 8%

1 Industrial Business incl. Reconciliation. 2 After full ramp-up, adjusted ROE.

WE CONSISTENTLY EXECUTED OUR STRATEGIC AMBITIONS IN 2021Initiatives on track to increase financial resilience3

2019A 20232021A

-12%

-15% BY 2023

2019A 20252021A

-18%

-15% BY 2025

2019A 20252021A

~30%

~35%

31%

Fixed cost1

Main driver for achievement of2025 profitability ambitions

Capex1, 2 and R&D cost1, 3

Capital allocation focused on futurereturn on capital

Services share of revenueIncreasing recurring revenue

2020Daimler Truck Group | Roadshow Presentation | May, 2022 201 Industrial Business incl. Reconciliation. 2 Investment in intangible assets and PP&E. 3 Budget view: R&D incl. capitalized R&D.

Note: Market share based on company estimate.

PERFORMANCE ON TRACK DESPITE HEADWINDSDelivering on our financial targets even in challenging times3


Q1 / 2022

• Significant increase of group sales despite continuing supply chain constraints

• Strong demand environment – incoming orders on high level and order backlog on record high

• Price increases implemented to partially offset raw mat headwinds; further planned price increases during 2022

• Suspension of Russian business until further notice and impairment of EUR 170 mn. for Russia related assets

• Self-help measures, especially cost reduction on track as planned

• Successful establishment of EMTN program in the amount of € 10 bn.

• Full Year Guidance largely confirmed

Q1/22 FINANCIAL FIGURES Key figures Daimler Truck Group3


Net Industrial Liquidityin million Euro

EBITin million Euro

Revenuein million Euro


Free Cash Flow IB

in million Euro

9,023

10,551

+17%

Q1/21A Q1/22A

461

1,699

-73%

588 651

+10.7%

931

73

-92%

6,0536,024

+0.5%

Q4/21A

3Q1/22 REVENUE AND EBIT INDUSTRIAL BUSINESS


Industrial Business

10,242

RevenueQ1/22

8,745

1.663

552414

604

EBIT adj. Q1/22EBIT Q1/22

5.9% (6.3%)

in million Euro

178342

EBIT adj. Q1/22

Revenue Q1/22

3,805

4,305

414 386

EBIT adj. Q1/22

3,496

4,583

Revenue Q1/22

5931

EBIT adj. Q1/22

1,421

Revenue Q1/22

1,478

-73 -45

EBIT adj. Q1/22

506626

Revenue Q1/22

Q1/21A Q1/22A

8.4% (11.9%) 7.9% (4.7%) 2.2% (4.0%) -7.1% (-14.5%)

Trucks NorthAmerica

Trucks Asia Daimler Buses

Mercedes-Benz

ROS adj. Q1/22 (Q1/21)

Highlights Q1/21 vs. Q1/22

• Revenue increase mainly driven by significant increase in new vehicle sales and FX tailwinds from USD

• Strong used and aftersales business

• Continued high constraint cost especially in the US due to semiconductor shortages

• Increased raw material partially offset with price increases – price increases in the US to come

• Significant positive one-time effect at Mercedes-Benz from the reversal of personnel provisions due to increased discount rates

3Q1/22 EBIT GROUPEBIT driven by strong sales and improved net pricing


588651

461

473 46

2211

GeneralAdministrative

Expenses

Q1/21 EBIT

-33

Industrial Performance

AdjustmentsQ1/22 EBIT adjusted

Financial Services

-1,111

-190

OthersResearch & Non-capitalized Development

Cost

Sellings ExpensesForeign Exchange Rates

Volume/Price/Mix

Q1/21 EBIT adjusted

1,699

Adjustments

-377-40 -39

Q1/22 EBIT

Gross Profit +142

Industrial Business +52

in million Euro

t/o• Restruct. -21• M&A -170

Due to rounding, individual figures may not add up precisely to the totals shown and percentages presented may not accurately reflect the absolute values to which they relate.

t/o• Restruct. 88• M&A -1,199

Highlights+ Significant increase of group sales+ Improved net pricing partially offsetting raw material cost

increase+ Positive contributions from aftersales and used vehicle

business− Significant headwinds from increase in raw material costs

and supply chain constraints

3Q1/22 EBIT INDUSTRIAL BUSINESS BY SEGMENT


552604

414

164 29

ReconciliationMercedes-Benz

-28

Trucks North AmericaQ1/21 EBIT (IB) Trucks AsiaQ1/21 EBIT (IB) adjusted

Adjustments Daimler Buses Q1/22 EBIT (IB) adjusted

Adjustments Q1/22 EBIT (IB)

-190

1,663

-1,111-28

-85

ROS (IB)19.0%

ROS (IB) adjusted6.3%

ROS (IB)4.0%

ROS (IB) adjusted5.9%


in million Euro

t/o• Restruct. 88• M&A -1,199

t/o• Restruct. -21• M&A -170

Highlights• Fix costs on track across all segments to achieve 2023

target• Implemented price increase at Trucks North America will

fully offset raw material costs in Q2/Q3• Mercedes-Benz: price increases offset raw material costs

since cost increases not yet fully effective• Trucks Asia: active reallocation of chips to other segments• Daimler Buses: on track but semiconductor shortage to

heavily impact Q2/Q3• Reconciliation includes group participations, autonomous

and eliminations and is part of the Industrial Business

Q1/22 KEY FIGURES FINANCIAL SERVICES3


Penetration Rate

in %

Contract Volume

in million Euro at end of period

New Businessin million Euro

1,568

1,234

+27%

17.9%19.0%

+1.1 ppts

18,007

16,107

+12%

36

47

31%


ROE adjustedin %

11.3%10.4%

+0.9 ppts

Q1/21A Q1/22A

3Q1/22 CASH FLOW INDUSTRIAL BUSINESSFCF adjusted of 0.2 bn. €


in million Euro


414

200

73

206

269

20

133

Change inWorkingCapital

-216

AdjustmentsQ1/22 EBIT (IB) Income taxes paid/refunded

Depreciation andAmortization/Impairments

NetInvestments

Provisions,Other

Q1/22 CFBIT (IB) Interest paid/received,Effects from Pensions,

Other Reconciling Items

Q1/22 FCF (IB) Q1/22 FCF (IB)adjusted

-137

-130

-147t/o• Restruct. 111• M&A 22

Q1/226.1 bn.

Q4/216.0 bn.

Net Industrial Liquidityat end of

WE STARTED EARLY WITH ZEV AND ARE ACCELERATING AT HIGH PACEMercedes-Benz eActros and Freightliner eCascadia in series-production4

OUR CUSTOMERS ALREADY COVERED TENS OF MILLIONS OF KILOMETERS WITH OUR ELECTRIC TRUCKS AND BUSES

Note: Years after 2022 indicates planned start of production. Daimler Truck Group | Roadshow Presentation | May, 2022 28

FreightlinereCascadia

2022

Mercedes-BenzeCitaro

2018

Mercedes-BenzeActros LongHaul

2024

Mercedes-BenzGenH2 Truck

Mercedes-BenzeActros

2021

Mercedes-BenzeEconic

2022 FreightlinereM2

FUSOeCanter

2017

FreightlinerCustomChassis

eWalk-in Van

2020Thomas

Built BusesSaf-T-Liner C2 Jouley

2021

2027+

2023

STRONG PROGRESS IN ZERO-EMISSION VEHICLE SALES IN 2022After 2021 ZEV sales more than tripled in 2021 with more than 700 units sold 4


64Zero-emission trucks & buses sold in Q1/21 163

Zero-emission trucks & buses sold in Q1/22

169 619Zero-emission trucks & buses ordered in Q1/21

Zero-emission trucks & buses ordered in Q1/22

TRANSITION TO ZEV: WE ARE ACCELERATING OUR PLANSHigh potential variability in timing – we are preparing for any outcome4

2020 20392030

100% ICE

100%ZEV

UP TO 60%ZEV

ZERO-EMISSION VEHICLES

Develop competitive products tailored to customer needs

INFRASTRUCTURE

Deliver on newly established infrastructure partnerships to kick-start BEV and H2 charging

TCO PARITY

Use scale and partnerships to reduce cost

Grow captive know-how for differentiating technologies

Manage external factors (e.g. energy prices, toll)

We anticipate TCO parity for BEV by 2025 and FCEV by 2027


ZEV CONVICTION: BOTH BEV AND FCEV WILL BE NEEDEDThree key factors drive our dual strategy4

FCEV AND BEV BOTH WIN

DEPENDENT ON RANGE

COST

RANGE

BEV(cell volume)

FCEV(tank size)

300km 700km

ENERGYDENSITY

CHARGING SPEED

50-100 x

3-15 x

FCEV BEATS BEV IN CHARGING, RANGE

AND PAYLOAD AT HIGH RANGE

BEV

COST PER RANGE: “THESE LINES MUST CROSS”

ENERGY DENSITY/CHARGING: “THESE LINES NEVER CROSS”

GLOBAL ENERGY ECOSYSTEM: “WILL BE ESTABLISHED ANYWAY”

BOTH E-GRID AND H2 ARE REQUIRED IN A CO2-NEUTRAL SOCIETY –INDEPENDENT OF TRUCKING

FCEV


ACCELERATE TECHNOLOGY LEADERSHIPDetermined to lead the way to zero emissions4

OUR STRATEGIC TECHNOLOGY LEVERS…

TECHNOLOGY PATH SET FOR

ZERO EMISSIONS

AMBITIOUS COST

OBJECTIVES FOR ZEV

BUSINESS ROADMAP FOR ZEV IN PLACE

IN-HOUSE TECH DEVELOPMENT

AND RESOURCES

PUSH

FCEV FOR RAPID FUELING

AND LONG HAUL

DEDICATED ULTIMATE BEV

TRUCK IN DEVELOPMENT

…TRANSLATING INTO CLEAR BENEFITS

TCO LEADERSHIP IN

THE NEW ZEV ERA

NEW REVENUE MODELS TO

DRIVE SERVICES TARGET

IMPROVED FINANCIAL

PERFORMANCE

OUR CONTRIBUTION TO A GREENER, BETTER PLANET


TRUCK OPERATING SYSTEM AS CORE OF THE VEHICLESoftware architecture development for our next generation trucks and service offerings4

WHAT WE DO

Fewer computing units and layers, delinked software cycles

>600 software engineers in our Bangalore innovation hub

BENEFITS FOR CUSTOMERS

Uptime: fewer and more efficient workshop visits driven by over-the-air

Tailored digital service offerings

BENEFITS FOR US

Drive service revenues and customer loyalty

Increase development speed

2020 2027

SOFTWARE-BASED

HARDWARE-BASED

TRUCKOPERATING SYSTEM

planned

NEXT EVOLUTIONMECHATRONICSin implementation


LEADER IN AUTONOMOUS SOLUTIONSDriving transformation with best-in-class autonomous-ready truck 4

First OEM/autonomous vehicle tech company partnership enters 3rd year

Co-creating hub-to-hub use cases with customer feedback

Delivering first critical milestone with early version of fully redundant L4 Cascadia

Ready for integration of the Waymo Driver

COMPELLING NEW OPPORTUNITIES Emerging autonomous vehicle system

business model Aftersales and data revenue potential

1 Pioneering redundant, scalable L4 truck platform

2 Integrated autonomous driving systems with L4 Freightliner Cascadia

12+ Customer collaborations in autonomous development

+100% Growth in dedicated workforce expected over the next year


DAIMLER TRUCK HAS ALL IT TAKES TO WIN THE AUTONOMOUS RACE Our vision is to set the industry standard for autonomy and extend our market leadership4


Autonomy is the largest new business potential this decade

By 2030 Autonomous trucking will be at scale and we want to be the market leader

There will be 3-4 AD tech players dominating themarket, total cost of ownership (TCO) andreliability will be the key differentiators

A captive solution is required to participate and to establish a leadership position

Large fleets will benefit from AD the most; they will be the early adopters and winners

Autonomous Ready Cascadia as strong foundation setting the industry benchmark

Dual Track Strategy successfully established enables leading market share

With Torc captive pure-play solution optimized for Freightliner Cascadia, with best TCO & reliability

Key customers deeply involved

Our StrengthsOur Core Beliefs

INDUSTRY-LEADING REDUNDANT SYSTEMSSetting new industry standards for the autonomous world4

Powernet

EE-ArchCEEAce

Steering

DAIMLER TRUCK IS DEVELOPING A SCALABLE AUTONOMOUS TRUCK PLATFORM

Requirement for safe and reliable operations for SAE L4 autonomous driving

>1,500 new and unique requirements

Based on Freightliner’s market-leading Cascadia

FOUR KEY AREAS WITH A REDUNDANT SYSTEM

Braking system

Steering system

Low voltage power net

Network communications

AVAILABLE TO TORC ROBOTICS AND WAYMO


Brakes

e-Park Brakes

Body Controller

Powertrain

Cab interiors

Cab exteriors

Chassisintegration

Cybersecurity

Develop dedicated truck battery cells

Start public charging infrastructure across the U.S. for battery electric & hydrogen fuel cell vehicles

STRATEGIC PARTNERSHIPS IN KEY ZEV TECHNOLOGIESAccelerating technological development and sharing costs 5

Offer Industry-leading depot charging

technology

Initiate pan-European high performance public charging

network

Develop, produce and commercialize fuel cell systems in joint venture

with Volvo Group

H2

Accelerate mass market adoption of fuel cell

trucks in Europe

H2

Develop technologyfor liquid hydrogen

refueling

H2

Establish hydrogeninfrastructure in

Europe and an open standard for refueling

H2

H2


ZEV: SUPPORTING CHARGING AND KICK-STARTING INFRASTRUCTURE Customer support, depot charging solutions, high speed roadside 5 Daimler Truck charging management

Onsite consulting and installation

European high-performancecharging network JV with Daimler Truck, Traton and Volvo Group

U.S. charging network JV for battery electric and hydrogen fuel cell vehicles with Daimler Truck, NextEra Energy Resources and BlackRock Renewable Power

Germany and Netherlands

United Kingdom

France andBenelux

Liquid hydrogenrefueling

CUSTOMER AND DEPOT CHARGING PUBLIC ROADSIDE CHARGING EUROPEAN H2 INFRASTRUCTURE


RAMP DOWN CURRENT DIESEL POWERTRAINDifferent transformation speed across the world

39

5

MEDIUM-DUTYPartnering with Cummins –we disinvest our own captive business completely

HEAVY-DUTYWe keep our own platform competitive and strive toincrease scale with partners

MANAGE THE RAMP DOWN WHILE STAYING COMPETITIVE

Conventional powertrain remains a key product in this decade – in some regions beyond 2030, in others we’ll see a fast ZEV ramp-up


IMPLEMENT STRONG CULTURE & LEADERSHIPFaster decision-making and emphasis on performance culture6

BOARD REMUNERATION

GEARED TO CREATING SHAREHOLDER VALUE

EMPHASIS ON PERFORMANCE

CULTURE

STRONG COMMITMENT

TO ESG

GENERATIONAL CHANGE IN BOARD

FOCUS ON TALENT DEVELOPMENT

STRENGTHENED ENTREPRENEURSHIP

CULTURAL CHANGE UNDERWAY


INNOVATION LEADERSHIP AND SUSTAINABILITYWe are building the way forward - clear journey to sustainable transportation6

ENVIRONMENT Zero-emission products Carbon-neutral production Resource consumption and supply chain

SOCIAL Traffic and product safety Our team Corporate responsibility

GOVERNANCE Responsible governance and oversight Compliance management Disclosures and reporting

OUR COMMITMENTS FOR THE FUTURE

The Supervisory Board currently monitors and advisesas an overall corporate board on sustainability issues,

including approval of the strategy and supervision of the

implementation.

Corporate Sustainability Board lead by CEO.

Sustainability Steering Committee established.

Release of sustainability report: June 2022.

Participation in CDP (Carbon Disclosure Project) climate

report in the second half of 2022.

KEY MESSAGES


CO2-NEUTRALTRANSPORT WORLDWIDE

by 2050

HYDROGEN-POWERED SERIES-PRODUCTION FUEL-CELL TRUCKS AND BUSES

SERIES PRODUCED VEHICLES WITH BATTERY-ELECTRIC DRIVE SYSTEMS

H2

100% OFFEROF NEW VEHICLES CO2-NEUTRAL IN DRIVING OPERATION

TARGET SALE OF UP TO 60% ZERO EMISSION VEHICLES

AMBITION FOR SECOND HALF OF THE DECADE

by 2022 by 2030 by 2039

OUR PATH TO CO2-NEUTRAL ROAD TRANSPORTATIONWe are committed to the targets of the Paris Climate Agreement6


BOARD OF MANAGEMENT COMPENSATION Incentivizing an ownership-mentality with focus on transformation6


~30% BASE SALARY: Non-performance related

Target remuneration

~30% ANNUAL BONUS: Future short- and medium-term performance-related components (valid from 2022 on):

EBIT FCF Industrial Business

Number of eTrucks & eBuses Inclusion & diversity Implementation of ESG strategy

~40% Performance Phantom Share Plan: Long-term performance related components: share price related

FINANCIAL TARGETS

ESG TARGETS

Long

Shor

tM

ediu

m

− Clawbacks and stock ownership requirements included− Maximum remuneration: Chairman € 10 mio, BoM member € 6 mio− Cap (multiple on target remuneration): Chairman 1.7x, BoM member 1.9x

MARKET ASSUMPTIONS 2022 – UNCHANGED

Daimler Truck Group | Roadshow Presentation | May, 2022 441 Source: Company estimate 2 USA, Canada and Mexico 3 European Union, United Kingdom, Switzerland and Norway

Heavy Duty Truck Market1 2022

North America2 255 – 295 k units

EU-303 240 – 280 k units

AssumptionThe macroeconomic conditions will continue to be comparatively favorable for the global demand for our vehicles in 2022. However, this outlook is subject to the further developments in the war in Ukraine and its impact on the global economy. It currently also looks as if the market distortions caused by the semiconductor-related supply bottlenecks will continue to impact the market. Therefore, we assume we will continue to face strained supply chains and bottlenecks for key upstream products for truck production. The further geopolitical as well as the COVID-19 pandemic development also harbor uncertainties.

DAIMLER TRUCK GROUP/INDUSTRIAL BUSINESS ASSUMPTIONS 2022


IB

1 Budget view: R&D incl. capitalized R&D

FY 2021 Guidance 2022

Revenue 39.764 bn. € 48.0 – 50.0 bn.

EBIT 3.357 bn. on prior-year level

EBIT adjusted 2.552 bn. significant increase

Investment 762 mn. slight increase

R&D cost1 1.574 bn. slight increase

Unit Sales 455,455 units 500 – 520 k units

Revenue 38.641 bn. € 46.0 – 48.0 bn.

ROS adjusted 6.1% 7 – 9%

FCF 1.556 bn. on prior-year level


Update

Group

DAIMLER TRUCK SEGMENT ASSUMPTIONS 2022 – UNCHANGED

Daimler Truck Group | Roadshow Presentation | May, 2022 461 New business 2 ROE adjusted

Unit Sales- in thousand units -

ROS/ROE adjustedin % -

FY 2021 Guidance 2022 FY 2021 Guidance 2022

Trucks NorthAmerica 162 175 – 195 9.2% 10 – 12%

Mercedes-Benz 141 155 – 175 4.8% 6 – 8%

Trucks Asia 143 140 – 160 7.2% 3 – 5%

Daimler Buses 19 20 – 25 -2.4% > 0%

Financial Services 6 bn. € 8 – 9 bn. 1 12.4% 5 – 7% 2


CONSISTENT EXECUTION OF OUR STRATEGIC PRIORITIES IN 2022


UNLOCKINGPROFIT POTENTIAL

Accelerating zero emissions• Only CO2-neutral city buses on offer in

Europe by 2030

• Launch of Freightliner eCascadia

• Coming up: Mercedes-Benz eEconic, next generation FUSO eCanter

• GenH2 Truck testing on public roads

Accelerating autonomous trucking • Delivering autonomous-ready Freightliner

Cascadia trucks to our partner Waymo

• Close collaborating of our independent subsidiary Torc Robotics with leading logistics companies

LEADING SUSTAINABLE TRANSPORTATION

PEOPLE, CULTURE AND ESG

Manage environment• Monitor potential impact of war in Ukraine

• Take advantage of strong markets

• Intelligent parts allocation

• Adjusted net pricing

Increase resilience• Continued focus on self-help measures

including strict fix cost control

• Further strengthen our service initiative

DAIMLER TRUCK INVESTOR RELATIONSOur team is here to support you

Christian HerrmannVice President Investor Relations and M&Ae-mail: [email protected]

Christian Crusen Head of Equity and Creditor Relations e-mail: [email protected]

Dr. Stephan SchönManager Equity Relations and Analystse-mail: [email protected]

Johannes SchmalzriedtManager Equity Relations and Analystse-mail: [email protected]

Sandra KallfassManager Sustainability Investors and AGM

e-mail: [email protected]

Anatol HollandManager Creditor Relations and Ratinge-mail: [email protected]

Further information is available under www.daimlertruck.com/investors

Q1 2022 Disclosure Presentation, Annual Report 2021, and our quarterly Factbook are available at the Daimler Truck Investor Relations website


http://www.daimlertruck.com/investors

https://www.daimlertruck.com/investors/q1-2022-public.html


This document contains forward-looking statements that reflect our current views about future events. The words “aim”, “ambition”, “anticipate”,“assume”, “believe”, “estimate”, “expect”, “intend”, “may”, ”can”, “could”, “plan”, “project”, “should” and similar expressions are used to identifyforward-looking statements. These statements are subject to many risks and uncertainties, including an adverse development of global economicconditions, in particular a decline of demand in our most important markets; a deterioration of our refinancing possibilities on the credit and financialmarkets; events of force majeure including natural disasters, pandemics, acts of terrorism, political unrest, armed conflicts, industrial accidents andtheir effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates, customs and foreign tradeprovisions; a shift in consumer preferences; a possible lack of acceptance of our products or services which limits our ability to achieve prices andadequately utilize our production capacities; price increases for fuel or raw materials; disruption of production due to shortages of materials, labourstrikes or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimizationmeasures; the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic cooperationsand joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; theresolution of pending governmental investigations or of investigations requested by governments and the outcome of pending or threatened future legalproceedings; and other risks and uncertainties, some of which are described under the heading “Risk and Opportunity Report” in the current AnnualReport or in the current Interim Report. If any of these risks and uncertainties materializes or if the assumptions underlying any of our forward-lookingstatements prove to be incorrect, the actual results may be materially different from those we express or imply by such statements. We do not intend orassume any obligation to update these forward-looking statements since they are based solely on the circumstances at the date of publication.

Disclaimer

May, 2022

ISIN: DE 000 DTR0CK8WKN: DTR0CK

Bloomberg Ticker: DTG:GRReuters Ticker: DTGGe.DE

Daimler Truck Roadshow Presentation Q1 2022

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