From the following statement (page 14), “ The Audi SCF platform is an online tool that simplifies the relationship between suppliers and buyers through 3 main features:

• Invoice Collection that helps buyers settle their invoices to their suppliers through the platform.

• Distributor Financing which allows buyers to benefit from a credit limit at competitive interest rates to finance their invoices whenever they are short on cash, and extend the maturity dates of their dues.

• Reverse Factoring to help small scale suppliers get immediate access to their future dues by financing their invoices, while the buyer pays the Bank at maturity or at extended maturity”

Page 21 “ USD 101 million

94% of our total procurement budget spent on local suppliers”