1) Scania reported all-time high earnings in 2008 with operating income of SEK 12,512 million. However, deliveries declined 18% in Q4 as the company adjusted production rates due to decreased demand in Europe. 2) While the trucks and services segment grew profits through price increases, this was partially offset by negative impacts from lower deliveries, used vehicles, raw materials, and R&D spending. 3) Scania's flexible production system and focus on reducing inventory and postponing investments helped cash flow, but tied up capital increased with capacity investments. Outlook remains uncertain given rapid demand fall in Q4 2008 and high industry inventory levels.

1. Press conference
Erik Ljungberg, Corporate Relations
1

2. Year-end Report 2008
Jan Ytterberg, CFO
2

3. 2008 – highlights
All time high earnings
Operating income SEK 12,512 m.
–
– High returns
Cash flow focus
Cash conversion
–
3

4. Profitable growth
Vehicles & Services
SEK m. Percent
100,000 55
Net sales EBIT Margin Revenue
ROCE
50
90,000
growth 5% 45
80,000
40
EBIT growth 4% 70,000
35
60,000
30
ROCE 43.1% 50,000
25
40,000
20
30,000
15
20,000 10
10,000 5
0 0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
4

5. Volume development
Total deliveries, trucks and buses
Units
24,000
Deliveries -18%
in Q4 20,000
Adjusting 16,000
production rate
12,000
Decrease in
8,000
Europe
4,000
0
Q1 Q2 Q3 Q4
Q1 Q2 Q3Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2004 2005 2006 2007 2008
5

6. Service business is growing
Service revenue and rolling fleet
Units SEK m.
18,000
600,000
Capitalising Rolling fleet
Service revenue
on increasing 16,000
500,000
vehicle 14,000
population 400,000
12,000
10,000
300,000
Increased
prices 8,000
200,000
4,000
Gradually 100,000
2,000
lower demand
0
0
in 2008 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
6

7. Operating income
Vehicles & Services
EBIT growth due to:
– Price increases
new vehicles and Price
-New veicles
services EBIT increase: - Services
+ SEK 466 m.
Negative impact: 2008 Deliveries
– Deliveries Used vehicles
Raw material
– R&D R&D
– Used vehicles
– Raw material
7

8. Cash flow
Vehicles & Services
SEK m.
4,000
Increase of
tied up capital 3,000
Capacity 2,000
investments
1,000
Focus areas: Q4
0
– Inventory Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2004 2005 2006 2007 2008
reduction - 1,000
– Postponing
- 2,000
investments
Note: Excluding acquisitions/divestments and Financial Services
8

9. Volume driven growth
Credit portfolio, Financial Services
SEK m.
50,000
Portfolio +14%,
45,000
local currencies
40,000
Increased bad debt 35,000
30,000
provisions
25,000
Collection focus 20,000
15,000
10,000
5,000
0
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
9

10. Bad debt expenses
Percent
0.80
Bad debt ratio Write-off ratio
0.70
0.60
0.50
0.40
0.30
0.20
0.10
0.00
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
10

11. Conservative refinancing policy
Increased credit
facilities
+90%
Credit facilities
unutilised SEK
26,800 m.
SEK
14,210 m.
Facilities Facilities
End 2008
End 2007
11

12. Building shareholder value
SEK Percent
12 45
Net income +4% EPS (SEK)
ROE
40
10
Net margin 10.0% 35
8 30
Earnings per share
25
SEK 11.11 (10.69) 6
20
Return on equity 4 15
38.3% (35.0) 10
2
5
0 0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
12

13. Conclusion
All time high earnings
Focus on cash flow
Proposed dividend of SEK 2.50 per share
13

14. 14

15. Outlook
Leif Östling, President and CEO
15

16. Market developments
Trucks 2008
Rapid fall in demand Q4 2008
High inventory level in the industry
Extensive supply from inventory
Invoicing is a better indicator
for demand than order bookings
16

17. Truck deliveries 2008
Western Europe -4%
Central and eastern Europe -15%
Latin America +10%
Asia +11%
17

18. Scania production flexibility
Concentration of axle and gearbox production
completed
Common global product range
Cost structure with 70% sourced material
18

19. Scania production flexibility
Time banks +/- 200 h per employee
Flexibility of 10 weeks
–
– Currently a surplus of 5 weeks
Temporary contracts – reduction from 12,000
to 10,000 employees in production
Training to accelerate efficiency and
productivity
Potential improvement of 20% in one year
–
19

20. Service business is growing
Low volatility
Increased
penetration rate
New services
Boost efficiency
and utilisation
~50% of volume in
captive network
20

21. Outlook
Due to the current difficult market conditions,
the uncertainty for the coming quarters is high
Long-term prospects for economic growth
remain good and will lead to increasing need
for transport equipment and services
21

22. Historical volume development
Units
180,000
160,000
140,000
120,000
-20%
100,000
-30%
80,000
-35%
60,000
40,000
20,000
0
1946 1950 1954 1958 1962 1966 1970 1974 1978 1982 1986 1990 1994 1998 2002 2006
22

23. 23

24. Mandatory bid from Porsche
The Board recommends not accepting the offer
Scania has a strong business with best in
class profitability and excellent long-term
prospects, plan of reaching 150,000 deliveries
mid of next decade remains unchanged
Shareholders have been offered minimum
price prescribed by applicable rules
Whilst recognising current financial market
volatility, the offer does not reflect the long-
term value of Scania
24

25. 25