Investor Relations activities

In fiscal year 2015, the Investor Relations team provided extensive information to investors and analysts in all key financial markets worldwide about the strategic focus, current business performance and future prospects of the Volkswagen Group.

At the beginning of the year, the Group CFO and the CFO of AUDI AG attended investor conferences in Detroit and Frankfurt, where they provided information about general market forecasts, product innovations, the strategy and the Group-wide efficiency program. At the Annual Media and Investor Conference held in Berlin on March 12, 2015, the Group’s Board of Management looked back on a successful fiscal year in 2014 and answered questions from media representatives, analysts and investors. At the International Motor Show (IAA) in Frankfurt am Main, the Group presented its models of the future; in addition, we informed investors about the Company’s strategy at an investor conference. In the last quarter of the year, our investor relations work was dominated by the investigations and measures to clarify the diesel and CO₂ issue as well as the associated personnel changes on the Board of Management. This included a dialogue with members of the Group’s Board of Management and senior executives, who, after a press conference on the emissions issue, informed investors about the package of measures intended and the current status of the investigations, among other things.

At roughly 850 one-on-one discussions, roadshows and conferences, we maintained close contact with capital market participants in 2015. Many of these discussions involved an exchange of ideas between investors and analysts and members of the Board of Management and Group senior executives. With offices in Wolfsburg, London and Beijing and the liaison office in Herndon (USA), the investor relations team’s work benefits from its presence in the most important regions for the capital markets. It allows us to keep close contact with analysts and investors locally, acquire in-depth knowledge of the respective markets and keep a finger on the pulse of operations of the Volkswagen Group.

At events held in the past year, the investor relations team also informed private shareholders about the current situation of the Group. It had its own stand at the Annual General Meeting in Hanover.

The Internet continues to enjoy high priority in our capital market communication. It is the first source of information for many of our investors and analysts as well as interested members of the public, offering ways of getting in touch with the Company, while we use it to provide them with the latest news, important facts and publications. The Annual Media and Investor Conference held in March, the Annual General Meeting in May and the conference calls of the Volkswagen Group on the quarterly results were again broadcast live on the Internet in 2015.

We also promptly published all presentations given in connection with events that were of interest to investors on our investor relations website.