Charts BASF Analyst Conference Q1 2014

First Quarter 2014 Financial highlights May 2, 2014

Good start to the year in chemicals business, oil and gas business considerably down

Cautionary note regarding forward-looking statements

This presentation may contain forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. Forward-looking statements may include, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. BASF has based these forward-looking statements on its views and assumptions with respect to future events and financial performance. Actual financial performance could differ materially from that projected in the forward-looking statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than anticipated. Given these uncertainties, readers should not put undue reliance on any forward-looking statements. The information contained in this presentation is subject to change without notice and BASF does not undertake any duty to update the forward-looking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations.

2 BASF Q1 2014 Analyst Conference Call May 2, 2014

Good start to the year in chemicals business, Oil & Gas considerably down

Business performance Q1’14 Q1’13 vs. Q1’13 Sales €19.5 billion €19.7 billion (1%) EBITDA €3.0 billion €2.9 billion +3% EBIT before special items €2.1 billion €2.2 billion (3%) EBIT €2.2 billion €2.2 billion +4% Net income €1.5 billion €1.4 billion +2% Reported EPS €1.61 €1.57 +3% Adjusted EPS €1.64 €1.67 (2%) Operating cash flow €1.7 billion €2.0 billion (17%)

Sales development Period Volumes Prices Portfolio Currencies

Q1’14 vs. Q1’13 4% (3%) 1% (3%)

3 BASF Q1 2014 Analyst Conference Call May 2, 2014

Portfolio optimization & development

BASF Q1 2014 Analyst Conference Call May 2, 2014

Portfolio optimization in Oil & Gas Increasing backward integration in the US 4

Strengthen competitiveness of Performance Products

Strengthening Verbund sites in Asia

Chemicals Continued volume increase, but lower prices

Intermediates 711

+2%

Monomers 1,590

(5)%

Petrochemicals 2,097

+4%

€4,398 0%

650

495 527 510601

0

200

400

600

800

Q1 Q2 Q3 Q4 Q1

EBIT before special items (million €)

2014 2013

Q1’14 segment sales (million €) vs. Q1’13


Q1’14 vs. Q1’13 8% (6%) (0%) (2%)


5

Performance Products Continued strong volume growth

Performance Chemicals

818

0%

Care Chemicals 1,264

(1)%

€3,8720%

Paper Chemicals 344

(5%)


Nutrition & Health 495

0% Dispersions & Pigments

951

+2%

379 394 376

216

427

0

200

400

600

Q1 Q2 Q3 Q4 Q1


2014 2013


Q1’14 vs. Q1’13 5% (1%) 0% (4%)


6

Functional Materials & Solutions Strong demand from automotive industry

Catalysts 1,458

0%

Construction Chemicals

443

(3%)

Coatings 721

+3%

€4,236+1%


239293 300

238

311

050

100150200250300350

Q1 Q2 Q3 Q4 Q1


2014 2013


Q1’14 vs. Q1’13 7% (1%) 0% (5%)

Performance Materials 1,614

+3%


7

Agricultural Solutions Good start to the year

Q1’14 segment sales vs. Q1’13 (million €)

Q1’14 EBIT before special items vs. Q1’13 (million €)

2014 2013

0

200

400

600

Q1 Q1

2014 2013

0

500

1.000

1.500

2.000

Q1 Q1

1,653 510 498 1,556


Q1’14 vs. Q1’13 9% 3% 0% (6%)

BASF Q1 2014 Analyst Conference Call May 2, 2014 8

Oil & Gas Lower sales and earnings, net income increased

Exploration & Production

792

0%

Natural Gas Trading 3,484

(10%) €4,276 -8%

Q1’14 segment sales (million €) vs. Q1’13 EBIT bSI/Net income (million €)

162397

65

442

0

200

400

600

800

Q1/2013 Net Income Q1/2014 Net Income

Natural Gas Trading

Exploration & Production

Net income

630

Sales development Period Volumes Prices/Currencies Portfolio

Q1’14 vs. Q1’13 (7%) (4%) 3%

468


494

429

9

Review of “Other”

Million € Q1’14 Q1’13 Sales 1,077 1,065 EBIT before special items (203) (182) thereof Corporate research Group corporate costs Currency results, hedges and other valuation effects Styrenics, fertilizers, other businesses

(102) (49) (95)

50

(98) (56)

56

59

Special items (8) (28)

EBIT (211) (210)


Strong operating cash flow Million € Q1’14 Q1’13 Cash provided by operating activities 1,704 2,041 thereof Changes in net working capital Miscellaneous items

(1,052) 578

(713) 615

Cash used in investing activities (770) (1,637) thereof Payments related to tangible / intangible assets (936) (831) Acquisitions / divestitures 263 (514) Cash provided by financing activities 389 363 thereof Changes in financial liabilities Dividends

413 (24)

429 (66)


Balance sheet remains strong Balance sheet March 31, 2014 vs. December 31, 2013 (billion €)

Liquid funds

Accounts receivable

Long-term assets

37.1

9.4

1.8

Other liabilities

Financial debt

Stockholders’ equity

Dec 31 2013

Mar 31 2014

Mar 31 2014

Dec 31 2013

64.4

Inventories

Other assets

9.6

3.7

Highlights March 31, 2014 Short-term assets increased by

€3.2 billion

Inventories rose slightly by €0.3 billion

Accounts receivables grew seasonally by €1.4 billion

Liquid funds up by €1.3 billion

Financial indebtedness rose by €0.6 billion to €15.1 billion

Net debt reduced to €11.9 billion

Equity ratio: 42%

37.5

10.8

3.1

9.9

3.9

67.9

2.7 Disposal group

Disposal group

12

2.8


27.8

20.9

64.4

1.3

28.4

22.4

2.0

67.9

15.1 14.4

We aim to increase our sales volumes excluding the effects of acquisitions and divestitures.

Nonetheless, sales will decline slightly compared with 2013 due to the divestiture of the gas trading and storage business planned for mid-2014.

We expect a slight increase in EBIT before special items, especially as a result of considerably higher contributions from the Performance Products and Functional Materials & Solutions segments.

We aim to earn a high premium on our cost of capital once again in 2014.

Outlook 2014

GDP: +2.8%

Industrial production: +3.7%

Chemical production: +4.4%

US$ / Euro: 1.30

Oil price (US$ / bbl): 110

Assumptions 2014

Outlook 2014 confirmed


Charts BASF Analyst Conference Q1 2014

Investor Relations

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