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BASF charts analyst conference call Q2 2016

Charts and Speech accompanying the Q2 2016 Conference Call for investors and analysts on July 27, 2016

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BASF charts analyst conference call Q2 2016

  1. 1. 150 years BASF: Considerably higher earnings in chemicals business, Oil & Gas significantly below prior-year quarter Analyst Conference Call Q2 2016 July 27, 2016
  2. 2. 150 years BASF Q2 2016 Analyst Conference Call, July 27, 2016 2 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.
  3. 3. 150 years BASF Q2 2016 Analyst Conference Call, July 27, 2016 3   Financial figures Q2 2016 Q2 2015 Change Sales €14.5 billion €19.1 billion (24%) EBITDA €2.8 billion €3.0 billion (7%) EBIT before special items €1.7 billion €2.0 billion (16%) EBIT €1.7 billion €2.0 billion (16%) Net income €1.1 billion €1.3 billion (14%) Reported EPS €1.19 €1.38 (14%) Adjusted EPS €1.30 €1.49 (13%) Operating cash flow €2.3 billion €2.8 billion (17%) Sales development Volumes Prices Portfolio Currencies Q2 2016 vs. Q2 2015 2% (7%) (16%) (3%)  Q2 2016: Financial figures for BASF Group
  4. 4. 150 years BASF Q2 2016 Analyst Conference Call, July 27, 2016 4 Milestones in Q2 2016 Startup of a specialty amines plant in Nanjing, China Agreement to acquire global surface treatment provider Chemetall Completion of the polyolefin catalysts divestiture Startup of a PolyTHF® plant in Korla, China
  5. 5. 150 years BASF Q2 2016 Analyst Conference Call, July 27, 2016 5 Chemicals Higher volumes, but continuing margin pressure Intermediates 680 (8%) Monomers 1,371 (13%) Petrochemicals 1,322 (20%) €3,373 (15%) EBIT before special items million € 548 633 249 465 467 0 200 400 600 800 Q2 Q3 Q4 Q1 Q2  Sales development Volumes Prices Portfolio Currencies Q2 2016 vs. Q2 2015 4% (17%) 0% (2%) 20162015 Sales Q2 2016 vs. Q2 2015 million €  
  6. 6. 150 years BASF Q2 2016 Analyst Conference Call, July 27, 2016 6 Performance Chemicals 958 (10%) Care Chemicals 1,178 (3%) €3,846 (6%)Nutrition & Health 497 (11%) Dispersions & Pigments 1,213 (3%) 304 319 228 547 503 0 200 400 600 Q2 Q3 Q4 Q1 Q2  Sales development Volumes Prices Portfolio Currencies Q2 2016 vs. Q2 2015 2% (3%) (3%) (2%) EBIT before special items million € 20162015 Sales Q2 2016 vs. Q2 2015 million €   Performance Products Significant increase in earnings driven by lower fixed costs, improved margins and higher volumes
  7. 7. 150 years BASF Q2 2016 Analyst Conference Call, July 27, 2016 7 Functional Materials & Solutions Considerable earnings increase supported by all divisions Catalysts 1,508 (11%) Coatings 800 (2%) €4,703 (4%) Performance Materials 1,766 (1%) 458 371 389 456 535 0 200 400 600 Q2 Q3 Q4 Q1 Q2 Construction Chemicals 629 +1% EBIT before special items million €  Sales development Volumes Prices Portfolio Currencies Q2 2016 vs. Q2 2015 5% (6%) 0% (3%) 20162015 Sales Q2 2016 vs. Q2 2015 million €  
  8. 8. 150 years BASF Q2 2016 Analyst Conference Call, July 27, 2016 8 Agricultural Solutions Decrease in sales and earnings due to lower volumes and currency headwinds  1,678 1,459 3,576 3,239 0 1,000 2,000 3,000 4,000 Q2 2015 Q2 2016 H1 2015 H1 2016 (9%) 365 320 939 911 0 200 400 600 800 1,000 Q2 2015 Q2 2016 H1 2015 H1 2016 (12%) Sales Q2 2016 vs. Q2 2015/H1 2016 vs. H1 2015 million € EBIT before special items Q2 2016 vs. Q2 2015/H1 2016 vs. H1 2015 million € (13%) Sales development Volumes Prices Portfolio Currencies Q2 2016 vs. Q2 2015 (8%) 1% 0% (6%) (3%)  
  9. 9. 150 years BASF Q2 2016 Analyst Conference Call, July 27, 2016 9 Oil & Gas Significantly lower sales and earnings Natural Gas Trading Exploration & Production Net income Sales development Volumes Prices/Currencies Portfolio Q2 2016 vs. Q2 2015 2% (3%) (82%)  143 288 94 250 100 0 200 400 600 Q2 2015 Q2 2015 Q2 2016 Q2 2016 EBIT before special items, net income million € Sales Q2 2016 vs. Q2 2015 million € 431 2,964 617 704 0 1,000 2,000 3,000 4,000 5,000 Q2 Q2 20162015 Sales million € (83%) 3,668  704 Natural Gas Trading Exploration & Production
  10. 10. 150 years BASF Q2 2016 Analyst Conference Call, July 27, 2016 10 Review of “Other” million € Q2 2016 Q2 2015 Sales 485 757 EBIT before special items (212) (63) Thereof Corporate research costs (88) (102) Costs of corporate headquarters (56) (64) Foreign currency results, hedging and other measurement effects (116) 151 Other businesses 33 30 Special items 65 (20) EBIT (147) (83)
  11. 11. 150 years BASF Q2 2016 Analyst Conference Call, July 27, 2016 11 Cash flow in 1st half 2016 million € H1 2016 H1 2015 Cash provided by operating activities 3,339 5,143 Thereof changes in net working capital (1,045) 877 miscellaneous items (122) (32) Cash used in investing activities (1,988) (3,331) Thereof payments related to tangible/intangible assets (1,979) (2,845) acquisitions/divestitures 51 (15) Cash used in financing activities (1,814) (1,033) Thereof changes in financial liabilities 944 1,723 dividends (2,768) (2,803)
  12. 12. 150 years BASF Q2 2016 Analyst Conference Call, July 27, 2016 12 Strong balance sheet  Total assets increased by €1.3 billion on higher trade accounts receivable and deferred taxes  Inventories were stable at €9.7 billion  Provisions for pension obligations increased by €3.3 billion  Net debt at €14.1 billion  Equity ratio: 40% 24.1 27.3 15.2 15.9 31.5 29.0 Dec 31, 2015 June 30, 2016 2.2 1.8 3.1 3.6 9.5 10.6 9.7 9.7 46.3 46.5 Dec 31, 2015 June 30, 2016 Liquid funds Accounts receivable Long-term assets Inventories Other assets 70.8 72.2 70.8 72.2 Other liabilities Financial debt Equity Balance sheet June 30, 2016 vs. December 31, 2015 billion €
  13. 13. 150 years BASF Q2 2016 Analyst Conference Call, July 27, 2016 13 Outlook 2016 for BASF Group confirmed Outlook 2016  Sales will be considerably below prior year due to the divestiture of the natural gas trading and storage activities and the lower oil and gas prices.  We expect EBIT before special items to be slightly below the previous year level due to significantly lower earnings in Oil & Gas. Assumptions 2016  GDP growth: +2.3%  Growth in industrial production: +2.0%  Growth in chemical production (excl. pharma): +3.4%  Exchange rate: $1.10 per euro  Oil price (Brent): $40 per barrel
  14. 14. 150 years BASF Q2 2016 Analyst Conference Call, July 27, 2016 14

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    Jul. 27, 2016

Charts and Speech accompanying the Q2 2016 Conference Call for investors and analysts on July 27, 2016

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