VDL GROEP

Pieter Bastiaansen Manager New Business Development

Strength through cooperation

94 COMPANIES

TURNOVER€ 3.6 BILLION

PROFIT€ 105 MILLION

80% EXPORT to 105 COUNTRIES

STRONG BALANCE SHEET POSITION

SOLVENCY 54%

SPREAD ACROSS 20 COUNTRIES

16,094 EMPLOYEES

COMPANY ACTIVITIES DIVIDED AMONG 4 DIVISIONS

1,300,000 M² PRODUCTION SURFACE AREA

Wednesday, 15 November

20172

Facts & figures

Confidential

Core values

STRENGTH OF A

MULTINATIONAL CULTURE OF A

FAMILY COMPANY

FLAT ORGANISATIONAL STRUCTURE

WITH SHORT LINES OF COMMUNICATIONINF

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DPRAGMATICENTREPRENEURSHIPCOMMITTED

EMPLOYEES

STRENGTH THROUGH

COOPERATION

PWednesday, 15 November

20173

EXCELLENT

CRAFTSMANSHIP

Confidential

Particle accelerator

Highlights

Wednesday, 15 November 20174

MINI & BMW Electric bus VDL AGV

Confidential

Strategy

Wednesday, 15 November

20175

Controlled growth

VDL Groep is and always will be

a family company

Diversity in markets & products

Production in

Western Europe

Investment

& innovation

Strong

financial position

Confidential

Strong

financial positionControlled growth

VDL Groep is and always will be

a family company

Diversity in markets & products

Production in

Western Europe

Investment

& innovation

Strategy

Wednesday, 15 November

20176

Automation & robotics Highest level of quality Investing in employees

- Investment & innovation

Confidential

Objectives

Wednesday, 15 November

20177

▪ Preservation of corporate culture

▪ Mix of young & experienced

▪ Attracting & retaining talent

▪ Promoting internal flow of

employees

Internationalisation Organisation & employees

▪ Global sales market

▪ 106 countries (2016)

▪ One-stop-shop supplier

▪ Product and process optimisation

▪ Elektrification specialist

▪ Unique position per industry

Innovation

R&D expenditure

Rank Company PlaceR&D expenditure

(million euros)

1 Royal Philips Eindhoven 820.0

2 ASML Veldhoven 744.4

3 KPN The Hague 438.0

4 Janssen: Pharmaceutical companies of J&J Leiden 318.0

5 Royal Dutch Shell The Hague 314.9

6 NXP Semiconductors Eindhoven/Nijmegen 236.9

7 Royal DSM Geleen/Delft 222.0

8 DAF Trucks NV Eindhoven 136.8

9 Thales Nederland Hengelo 120.0

10 Océ-Technologies BV Venlo 98.0

11 VDL Groep Eindhoven 90.5

12 Bayer CropScience Vegetable Seeds Nunhem 86.0

13 Rijk Zwaan De Lier/Fijnaart 76.0

14 Synthon Nijmegen 67.7

15 Friesland Campina Amersfoort 67.0

Source: Technisch Weekblad index 2017

Confidential

Changing focusSustainable energy sources & a healthy city

▪ Clean & sustainable energy ▪ Noise reduction ▪ Less pollution

▪ Decrease fossil fuel use ▪ CO2 reduction ▪ Livable city

Friday, March 9, 2018 Confidential8

VisionVDL e-mobility

▪ The driveline of the future will be electric!

▪ The sector public transport is the frontrunner in e-mobility

▪ Knowledge of energy storage and software system integration is crucial for a successful integration

▪ Battery technology and H2 is energy storage

▪ Creating job opportunities in Holland and Belgium is a top priority for VDL Groep

Wednesday, 15 November

201710 Confidential

VDL buses with electric driveline

▪ Modular system – for all heavy duty applications

▪ Configuration depending on intended usage

▪ Small battery – fast charging

▪ Big battery – fast charging

▪ Range extender possibilities

▪ Re-use of building blocks where possible

Flexibility through modular design PLUG-IN

FAST CHARGING

RANGE EXTENDER / HYBRID

Wednesday, 15 November 201713 Confidential

Friday, March 9, 201814 Confidential

OperationELECTRIC charging operation Eindhoven!

Friday, March 9, 201815 Confidential

VDL Citea SLFA ElectricConnexxion (Transdev), concession AML

170 kWh battery system

Siemens driveline Combo 2 Slow charging plug 100 Units

Fast charge pantograph

Delivery Q4/2017

Friday, March 9, 201817 Confidential

VDL E-busesVDL market leader in European e-mobility bus

43

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30

1213

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67

1

12

2

0

10

20

30

40

50

60

70

80

90REEV Bus

BEV Bus

2017 BEV Bus

100

10

Registrations e-buses 2016

Wednesday, 15 November 201718 Confidential

VDL Bus Chassis

▪ Founded September 1, 1992

▪ 24.085 m2 production area

▪ 200 employees

▪ VDL B&C drive line integrator

▪ Internal supplying:

▪ FBU Bus Chassis

▪ CKD power packs

▪ External supplying FBU bus chassis.

Friday, March 9, 2018 Confidential19

▪ Focus on new developments

▪ Component integrator

▪ VDL eTruck

▪ VDL Defence Technologies

VDL eTruck

▪ Truck based on a standard DAF CF FT4x2 40 tons

Truck glider

▪ Existing Relationship VDL – Truck OEM DAF

Busdivision.

▪ Integration VDL B&C E-Driveline.

▪ A-Brand drivers compartment

▪ Top quality chassis / wheel suspension

▪ Worldwide dealer network service parts

Friday, March 9, 201820 Confidential

eTruck

▪ GVW 40 ton

▪ Power 210 kW

▪ Torque 2.000 Nm

▪ Battery capacity 170 kWh

▪ Battery charging 3C

▪ Range 100 km with a average

energy consumption of

1.4 kWh/km, city

distribution transport

▪ Sound level 64 dB(a) maneuvering

74 dB(a) average

(PIEK certification)

Friday, March 9, 201821 Confidential

VDL and zero emission vehicles

• VDL strongly believes in the ZE direction for heavy duty

vehicles

▪ Years of practical experience with various forms

of electric (hybrid) buses and AGVs

▪ Parallels between bus- and truck market

City / regional / (inter)national

Sizes and weights

▪ Choice solution strongly dependent on use case

City: battery electric vehicle (BEV)

Suburban: DC-city-DC: battery electric vehicle (BEV)

Regional: range extended electric vehicle (REEV)

International: plugin hybrid electric vehicle (PHEV)

▪ Focus VDL on BEV en ZE REEV (H2)

22 ConfidentialFriday, March 9, 2018

Impression deployment area.

24 ConfidentialFriday, March 9, 2018

E-mobility requires total system approach

vrijdag 9 maart 201825 Confidential

OperationChange DIESEL vehicle by ELECTRIC vehicle?

Range?

Charging?

Battery?

Climate system?

Emissions?

Time schedule?

Friday, March 9, 201826 Confidential

OperationChange DIESEL operation by ELECTRIC operation!

Friday, March 9, 201827 Confidential

Fast DC Charger (700V)

vrijdag 9 maart 201828 Confidential

Up to 400 A / 240 kW 35 min. Charging Time

Activities on heavy duty e-mobility besides busses.

▪ Software development autonomous driving AGV

▪ Development e-truck, electric mini-midi buses, electric city distribution

Friday, March 9, 201829 Confidential

9-3-2018 Confidential 30

H2 ProjectsWaterstofregio 2.0

NL - BE WR 2.0

▪ Development H2 Range Extender in the trailer.

▪ Interreg

▪ Project leadtime: 01-03-2016 tot 01-03-2019

▪ 1 year field test

▪ 1x E-Truck 44 tons FT 4x2 + H2 range extender

9-3-2018 Confidential 31

H2 ProjectsH2 Range Extender in Trailer

▪ H2 Range extender

• Modular range extender unit Exthea Project

• Charging power 88 kW

• Volume 30kg H2

• Range 350 km

eRigid

▪ GVW 28 ton

▪ Power 210 kW

▪ Torque 2.000 Nm

▪ Battery capacity 170 kWh

▪ Battery charging 3C

▪ Range 120 km with a average

energy consumption of

1.2 kWh/km, city

distribution transport

▪ Sound level 64 dB(a) maneuvering.

74 dB(a) average

(PIEK certification)

Friday, March 9, 201832 Confidential

9-3-2018 Confidential 33

VDL eRefuse Collection Vehicle

Various ApplicationsVDL has all elements in house to drive electrification of waste collection

Friday, March 9, 201834 Confidential

9-3-2018 Confidential 35

H2 ProjectsRigid with H2 Range extender

GVW 27 ton

Power 210 kW

Torque 2.000 Nm

Battery capacity 82 kWh

Battery charging 3C

Range extender

Charging power 88 kW

Volume 30kg H2

Range 400 km

Targeting the 4 major H2 topics:

• Reliability FC technologie.

• FC costs

• H2 availability.

• H2 costs

9-3-2018 Confidential 36

H2Share

• Eindhoven NL

• Stuttgart DE

• Brussel BE

• Rotterdam NL

• Rochefort FR

• Breda NL

VDL Aftersales Network

vrijdag 9 maart 201841 Confidential

The VDL After Sales are trained and equipped for

servicing full electric vehicles. - Dealer network.

- Trained personal and equipped facilities .

- Spare parts.

- Training modules.

- Diagnostic tools and helpdesk.

- Guidelines for New Fleet / Operation implementation.

Conclusion

▪ VDL uses modular building blocks for various heavy duty e-mobility

vehicles

▪ Future-proof approach

▪ Reducing risk

▪ Scaling up from pilots to full scale

▪ TCO always in thinking

▪ Initial investment still high

▪ Return on investment through reduction of energy cost / km

▪ Experience in electric and H2 range extended vehicles

▪ Joint after sales setup for bus and truck

Friday, March 9, 201842 Confidential

Friday, March 9, 2018 VDL Groep43

THANKS FOR YOUR ATTENTION