Bilbo speaks earnestly to Thorin: “You’ve won the mountain is that not enough?”
Thranduil returns on his warmoose, saying he is back to reclaim something of his own.
A horde of enormous bats swarms from the hills.
Galadriel comforts an injured Gandalf, the pair surrounded by as many as nine armoured figures.
Saruman tells the keepers of the Three: “Leave Sauron to me”.
Dwalin warns Thorin he is breaking Bilbo while Thranduil tells Gandalf he will finish what Gandalf began.
At the very end a determined-looking Bilbo takes out the One Ring and puts it on.
The mood of the entire trailer is sombre and dramatic, a stark contrast to the teaser trailer.

Near the end of the trailer, Thorin battles for his life against, is that Azog? I don’t think this is his death – Kili and Fili aren’t there – who will deal Thorin’s death blow? Es ist Azog. Aber der letzte Teil des Satzes gibt mir grad den Rest . Und ich frage mich auch, wer es sein wird ...