[Non-English content] Ladies and gentlemen, I hereby open the Virtual Ordinary Annual General Meeting of TRATON SE at the Eisbach Studios in Munich and, in accordance with the articles of association, assume the chairmanship of the meeting. I would like to welcome you, our shareholders, the shareholder representatives, and all other members of the audience. Also, on behalf of my colleagues on the Supervisory Board and the Executive Board, most cordially. Ladies and gentlemen, 2025 was a year full of challenges. All the truck markets relevant to TRATON were in decline. In North America, we faced headwinds from the U.S. administration's trade policies. Nevertheless, TRATON has demonstrated its resilience. Group revenues came in at EUR 44.1 billion. The adjusted operating return on sales stood at a solid 6.3%, though this was 2.9 percentage points below the previous year's level. In light of the lower earnings, the Executive Board and Supervisory Board are proposing a dividend of EUR 0.93 per share for the 2025 fiscal year, with the payout ratio remaining unchanged. It is crucial for us to continue to focus on our competitiveness and the transformation of the transport sector, even in these times. That is why we consistently invest in Research & Development. Our group-wide development organization has been up and running since the 1st of July 2025. This is a significant step towards strengthening our innovative capacity and efficiency in the long term. Furthermore, Scania has expanded its global footprint with the inauguration of its new production facility in China in October 2025. Electrification is also making progress, albeit more slowly than hoped for. Mr. Levin will discuss this and further developments in greater detail later in the Executive Board report. I would like to take this opportunity, on behalf of the entire Supervisory Board, to thank the Executive Board, the works council, management, and above all employees of our TRATON Group for their work in the 2025 fiscal year. You all made a decisive contribution to the TRATON Group's success in the 2025 fiscal year with your great personal dedication and commitment. Thank you very much for that. On the basis of our articles of association, the Executive Board has decided to hold another virtual Annual General Meeting. The Supervisory Board supports this decision, particularly in view of the additional listing of our shares in Sweden. We hope that more international shareholders and shareholder representatives will join our Annual General Meeting thanks to this virtual format. We therefore also offer simultaneous translation into English for the entire duration of the Annual General Meeting on the shareholder portal. We also opted for this format because a virtual Annual General Meeting is much more efficient in terms of cost incurred by the company and in terms of organization, and also saves overall resources compared to an in-person annual general meeting. In addition to myself, the Deputy Chairman of the Supervisory Board, Mr. Jürgen Kerner, and the entire Executive Board are present here today. Mr. Kerner will stand in for me should I no longer be able to chair the meeting. The following Supervisory Board members have joined and participate by way of video and audio transmission. Our Notary Public, Jens Kirchner, will take the minutes of the Annual General Meeting. The proxies appointed by the company are also present here at the meeting. Ladies and gentlemen, the Annual General Meeting has been convened in accordance with legal requirements and our articles of association. The convening notice was published in the Federal Gazette on the 28th of April 2026. The convening notice and all other documents and information on this year's virtual Annual General Meeting can also be found on our website in the investor relations section under Annual General Meeting. The public broadcast includes the Supervisory Board's report and Mr. Levin's speech. For all duly registered shareholders and their proxies, the entire Annual General Meeting will be broadcast via audio and video on our password-protected shareholder portal. To improve clarity and accessibility, you can enable automatically generated live subtitles. The automatically generated subtitles do not replace the spoken word or any other written material provided. Recordings of the Annual General Meeting are not permitted. A verbatim report will not be prepared. Duly registered shareholders were able to exercise their voting rights in advance of the Annual General Meeting by way of electronic absentee voting or by issuing powers of attorney and instructions to the company's proxies. In the shareholder portal, electronic absentee voting and the issuing of authorizations and instructions to the company's proxies, as well as the amendment or revocation of any such declarations are also possible during this Annual General Meeting. You may still grant, approve, or revoke authorizations to third party, both on the shareholder portal and also per email. I shall announce in good time when these options no longer apply. I shall also explain the voting procedure later on. I kindly ask you to register your request on the floor in the shareholder portal via the Request to Speak button in the Shareholder Rights section. Once you have registered to speak via the shareholder portal, you will be invited to the technical check shortly afterwards, where you will be welcomed by our technical operator. The operator is going to check the quality of your video and audio feed with you. We offer you the option of making spoken contributions in English. In this case, your contribution will be simultaneously translated into German. Shareholders or their representatives who wish to submit motions or election proposals during their contribution should use the Motion Election Proposal button in the Shareholder Rights section to register their request for the floor in the shareholder portal. This does not alter the fact that you must submit your motion or election proposal orally during your verbal contribution. I hereby stipulate that the right to information, as defined in Section 131, Paragraph 1 of the German Stock Corporation Act, may only be exercised by means of a video communication. Duly registered shareholders were also able to submit written statements prior to the Annual General Meeting. Any such statements submitted can be viewed on the shareholder portal. Shareholders and their representatives have the opportunity to use the relevant button in the shareholder portal in order to raise objections to resolutions of today's Annual General Meeting until the end of the meeting. You also have the opportunity to submit a complaint for the record via the shareholder portal if, in your opinion, questions have not been answered at all or only inadequately. Ladies and gentlemen, I'm now going to explain the summary report of the Supervisory Board for the 2025 fiscal year. Following my comments, the Executive Board will present their report to you. This will be followed by the general debate, after which we're going to proceed to the vote. In the 2025 fiscal year, the Supervisory Board intensively supported and advised the Executive Board. The Executive Board informed the Supervisory Board regularly, promptly, and comprehensively in written and verbal form about all the issues relevant to the TRATON Group. In particular about business developments, the TRATON Group's strategy, and the status of the implementation of strategic projects, the company's planning and situation, including the risk position and risk management, as well as compliance issues. The Supervisory Board dealt with the situation and development of the TRATON Group regularly and in detail and was involved in an advisory capacity in all decisions of fundamental importance to the TRATON Group. The Supervisory Board has approved all measures submitted to it for approval. Our activities in the 2025 fiscal year focused, among other things, on the development of orders, revenues, earnings, and employment, as well as on the impact of the geopolitical and economic environment on the TRATON Group. We also regularly dealt with key strategic issues and projects, as well as future programs at TRATON SE subsidiaries. The main focus was above all on the reorganization of the research and development division, the TRATON Modular System, business activities in China, and the geopolitical environment. In the 2025 fiscal year, the Supervisory Board held seven meetings, four of which were held in person, and three were video meetings. In addition, during a strategy day at Südatelier, the Supervisory Board received detailed information on the subject of software-defined vehicles, the latest developments, and collaboration within the TRATON Group. The attendance rate of members at Supervisory Board meetings, calculated for all meetings in the fiscal year and for all Supervisory Board members in office, was around 95% in fiscal 2025. An overview of the individual attendance of the members of the supervisory board can be found on page 10 of the annual report. The executive committee met 6x and the audit committee 4x in the last fiscal year. Since the conclusion of last year's Annual General Meeting, the following changes have taken place within the Supervisory Board. On the employee side, Lisa Lorentzon resigned from her position effective at the 30th of June 2025. Christina Widén joined the Supervisory Board as her successor with effect from the 1st of July 2025. On the shareholder side, Mr. Gunnar Kilian stepped down from the Supervisory Board with effect from the 16th of July 2025. By order of the Munich Local Court, dated 16th of September 2025, Dr. Arno Antlitz was appointed by the court as a member of the Supervisory Board. Finally, Mr. Josef Sedlmaier stepped down from the Supervisory Board with effect from the 31st of December 2025. His successor on the employee side has been Mr. Dirk Fuhrig since the 1st of January 2026. Information on the current members of the Supervisory Board can be found in the annual report from page 126 onwards, as well as on the company's website in the company section under the Supervisory Board tab. I would like to thank the outgoing members of the Supervisory Board for their cooperation and constructive support of TRATON SE over the past few years. Since the end of last year's Annual General Meeting, there have been no changes to the Executive Board of TRATON SE. With the extension of the appointments of Dr. Jackstein, Mrs. Modahl Nilsson, and most recently Mr. Cortes, the Supervisory Board is placing their trust in the proven management team. Let us now turn to corporate governance at TRATON. In December 2025, the Executive Board and Supervisory Board issued the annual declaration of conformity with the German Corporate Governance Code in accordance with Sections 161 of the German Stock Corporation Act. The declaration of conformity is available on the TRATON SE website in the investor relations sections under the corporate governance tab. Starting on page 10 of the annual report, you will also find the corporate governance statement, including further information on corporate governance by the Executive Board and Supervisory Board. No Supervisory Board members reported any conflicts of interest in the 2025 financial year. The dependent company report for fiscal 2025 has been audited by the auditor, and an audit opinion has been issued. The Supervisory Board also examined the dependent company report and declared that following its examination, it had no objections to the declaration made by the Executive Board at the end of the dependent company report. The Executive Board and Supervisory Board prepared a remuneration report for the 2025 fiscal year in accordance with the statutory requirements. In addition to the statutory completeness audit, Ernst & Young also reviewed the content of the remuneration report and issued an unqualified audit opinion. In addition to my oral report, I'd like to draw your attention to the written report of the Supervisory Board, which you're going to find on page nine of the annual report. Ladies and gentlemen, to conclude my report, I would like to briefly outline the Supervisory Board 's proposed resolutions regarding agenda item 7, the by-election of a Supervisory Board member, and agenda item 8, the adjustment of the Supervisory Board's remuneration system and the corresponding amendment to the articles of association. Based on the recommendation of the nomination committee, the Supervisory Board proposes under agenda item 7 to elect Dr. Arno Antlitz to the Supervisory Board of TRATON SE with effect from the conclusion of today's Annual General Meeting until the conclusion of the Annual General Meeting that decides on the approval of the actions of board members for the fiscal year 2030. Dr. Antlitz studied industrial engineering, specializing in mechanical engineering. He began his career at McKinsey, where he advised clients primarily on strategy and organization cost optimization within the automotive and supplier industries. He has been a member of the Board of Management of Volkswagen Aktiengesellschaft since 2021, where he's in charge of finance and operations. In this role, he's responsible, amongst other things, for controlling treasury, tax and customs, group accounting, and external reporting. Since 2004, Dr. Antlitz has held various senior positions within the Volkswagen Group, including that of Chief Financial Officer for Audi Aktiengesellschaft. Dr. Antlitz therefore does not only possess extensive knowledge and many years of management experience in the automotive industry, but also expertise in other areas relevant to his role on the Supervisory Board of TRATON SE. This includes, in particular, in-depth knowledge of capital markets, personnel management skills, expertise in sustainability issues, as well as extensive knowledge and experience in the fields of accounting and auditing. The nomination committee and the Supervisory Board are therefore convinced that with his proven expertise and leadership experience, Dr. Antlitz will complement the existing expertise within the Supervisory Board in a unique way and make a significant contribution to the work of the Supervisory Board of TRATON SE. The information required under Section 125, Paragraph 1, Sentence 5 of the German Stock Corporation Act regarding membership of statutory Supervisory Board s and comparable supervisory bodies, as well as Dr. Antlitz's curriculum vitae, can be found on the company's website in the investor relations section under the Annual General Meeting tab, and there under agenda item 7. Under agenda item 8, amendments to Article 16, Paragraph 5 of the articles of association and the corresponding amendments to the remuneration system for members of the Supervisory Board are proposed. The reason for these adjustments is a change to the terms and conditions of the directors and officers, D&O, liability insurance policy taken out by the company for the benefit of the members of the Supervisory Board. The liability insurance does not include a deductible for members of the Supervisory Board. This is in line with the German Corporate Governance Code, which does not recommend a deductible for D&O insurance for members of the Supervisory Board. Ladies and gentlemen, thank you very much for your attention up to this point. I would now like to ask Mr. Levin to present the report of the Executive Board. Over to you, Mr. Levin. Dear shareholders, ladies and gentlemen, a very warm welcome to the Annual General Meeting of TRATON SE. As we look back on the past year, it is clear that 2025 was a challenging one. Geopolitical tensions increased. This added further pressure to an already volatile macroeconomic environment, affecting both our markets and our business. Against this backdrop, we choose the title Commitment for our annual report. Why? Our performance shows that even in difficult conditions, we remain fully committed to building a strong future for our company and for our industry. For us, commitment means three things: showing determination when conditions are tough, taking a long-term perspective, standing side by side with the people who matter most, our customers, our teams, and of course you, our shareholders. What did we achieve last year? While market conditions were difficult, our financial performance remained within expectations. Unit sales declined by 9% to 305,500 vehicles, reflecting weaker demand, particularly in North America and in Brazil. Our sales revenue decreased by 7% to EUR 44.1 billion. At the same time, incoming orders increased by 7%, driven mainly by Europe, where fleet renewal is gaining momentum. Our adjusted operating results came in significantly lower than the year before at EUR 2.8 billion. This reflects the lower sales volumes coming with lower capacity utilization, as well as the impact of U.S. tariffs, currency headwinds, and the ramp-up of our China production. Nevertheless, our adjusted operating return on sales was 6.3% within our target range, showing strong operational resilience. We also delivered solid cash flow, exceeding expectations thanks to disciplined working capital management and lower capital expenditures. Yes, our earnings declined significantly. We recognize this clearly. Adjusted operating profit fell by 37%. Net income, and therefore also earnings per share, declined by 45%. These results reflect the reality of the market, not a lack of direction or of effort. Despite this, we are proposing a dividend of EUR 0.93 per share, maintaining our commitment to a balanced and responsible capital allocation. 2025 was not an easy year. We had to make difficult decisions, including organizational changes and saying goodbye to valued colleagues. Even in a challenging year, we made important progress on our strategy. We continued to strengthen our group-wide functions, unlocking further potential across TRATON. Our TRATON Financial Services business kept expanding. Our new group R&D function, with around 9,000 engineers, is already improving collaboration. This is essential for advancing the TRATON Modular System, which will help us deliver scalable, competitive solution across markets. A major milestone was our expansion in China. With Scania's new industrial hub in Rugao, we have taken an important step not only in production capacity, but in access to innovation, speed, and technological expertise. We also continue to push forward in sustainable transport. Across all of our brands, we are advancing technologies from efficient combustion engines to battery electric solutions. Our direction is clear: the future of transport is electric. MAN and Scania are up and running with serious production of battery electric heavy-duty trucks. Volkswagen Truck & Bus started delivery of the all-electric e-Volksbus. International is successful with its iconic yellow school buses. They are also electrified. However, this transition cannot happen in isolation. We have invested heavily in zero-emission vehicles. We must ensure that these investments create value for you, our shareholders, over time. Infrastructure and market uptake are still behind what is needed. This is why we will continue to work closely with policymakers to help accelerate this development. Let me be perfectly clear. Such policy engagement is not a choice. It is part of our responsibility towards our shareholders and the transition to decarbonization. In parallel, we are making strong progress in digitalization. Our planned TRATON ONE OS platform, that we are developing together with our partner, Applied Intuition, will bring significant benefits to our customers, including improved uptime, over-the-air updates, and advanced driver support functionalities. Rollout is planned for 2028. All of this underlines our purpose, transforming transportation together for a sustainable world. Our progress is built on our commitment, not only to our strategy, but to people, to our customers. Your trust drives us to innovate and to continuously improve our solutions. To our employees, your dedication, creativity, and resilience are truly inspiring, especially in times of uncertainty and rapid change. Thank you for your outstanding contribution. To you, our shareholders, we deeply value your continued support and confidence in our company. Let's now take a look at 2026. As expected, we got off to a slow start in 2026. In the first quarter, our unit sales declined by 6% to 68,600 vehicles, while sales revenue was down by 4% to EUR 10.2 billion. This reflects weak customer demand in the U.S., as well as a difficult environment in South America. In contrast, unit sales in Europe increased, indicating the beginning of an upturn in the truck cycle. At the same time, our growing services business helped to soften the revenue decline. The most encouraging sign in the first quarter was incoming orders, which rose by 18%, up to 87,800 vehicles. As anticipated, operating profit and net cash flow declined noticeably. Our adjusted operating result came in at EUR 582 million, translating in an adjusted return on sales of 5.7%, at the lower end of our guidance range, but still somewhat better than expected. Net cash flow in trade and operations was at a minus EUR 250 million. Yes, it was another tough quarter. The clear improvements in incoming orders give us confidence that the slow start of the year will not define it. These orders will gradually translate into vehicle deliveries and revenues in the quarters ahead, supporting our recovery as the year progresses. For the full year, we continue to anticipate that vehicle deliveries and sales revenue will develop in a range between a -5% and a +7%. We're aiming for an adjusted operating return on sales between 5.3% and 7.3%, and we expect net cash flow in trade and operations to range from EUR 0.9 billion to EUR 1.7 billion. Before I close, let me briefly turn to the agenda of today's Annual General Meeting. In addition to the dividend proposal I mentioned earlier, and to Mr. Pötsch's presentation, I would also like to draw your attention to the proposed amendments of the articles of association under item number 9. The changes to Article 12 are intended to facilitate the election of the chairman of the Supervisory Board and the constitution of the Supervisory Board following the election of the shareholder representatives at the Annual General Meeting. In addition, the new Article 26 on the place of jurisdiction is designed to help ensure, to the extent possible, that the legal disputes fall under the jurisdiction of German courts. You can find the exact wording in the invitation to this Annual General Meeting. We would greatly appreciate your support on these matters. Ladies and gentlemen, we are operating in a time of transformation for our company, our industry, and for society as a whole. We are clear in our direction. We remain committed to our strategy, we take a long-term perspective, and we stand together with our stakeholders. Thank you for your trust and your commitment to TRATON. [Non-English content] Thank you very much, Mr. Levin. At this point, I would like to say goodbye to those of you who followed the public broadcast of the Annual General Meeting on the internet. Thank you very much for your interest in TRATON SE. Duly registered shareholders and their representatives can follow the rest of the Annual General Meeting via the shareholder portal. The access data required for this can be found in the documents sent to you. I would also like to point out that the voting results will be available on the internet after the end of the meeting.