Dear investors,

At Daimler Truck, we take great pride to work for all who keep the world moving. The global economy will continue to grow, and with it, the need for transportation will increase. Commercial vehicles represent a very attractive growing industry, and Daimler Truck is strongly positioned to lead the way.

Our ambition is clear: We want to build the best truck and bus company – for our customers, for our employees, and you, our shareholders and partners.

Customer satisfaction is at the forefront of everything we do, and we are committed to being the number one choice in the industry.

Equally important is our goal to be recognized as the most attractive employer in our industry. We are dedicated to attracting top talent, we strive to have the most engaged employees that are empowered, accountable, consistently driving high performance.

Our road ahead is guided by our new corporate strategy, built upon five strategic pillars:

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1. Unlock our full potential through growth, scale, and efficiency: We are leveraging our global scale and platforms to drive growth, strengthen our positions, and expand into new markets and segments.
2. Evolve into a customer-centric solutions powerhouse: We are accelerating the growth of our services - both in traditional parts and in new, innovative areas – to exceed customer expectations.
3. Transform at the speed of right: We are committed to mastering the trade-off between zero-emission solutions and investing in diesel technology, ensuring we deliver the best products for both. We are also strategically investing in next-generation vehicle software and autonomous driving, partnering wisely to remain at the forefront of innovation.
4. Build a lean and effective operating model: We are implementing lean methodologies and right-sizing our operations to increase efficiency and agility across the company.
5. Fostering performance culture: This fundamental pillar supports all the others. We believe that a strong, performance-driven culture is essential to realize our strategy and elevate Daimler Truck to new heights.

By executing on these goals, we will not only become the best truck and bus company for our customers and employees, but we will also deliver benchmark profitability for our shareholders. We are determined to have our shareholders participate in our success through an attractive capital allocation strategy.

Yours sincerely          

Karin Rådström