BASF : 2nd Quarter 2020 Important Figures

News Release

BASF Group

2nd Quarter/1st Half 2020 Important Figures

BASF Group

P249/20e July 29, 2020

						Q2						H1
				2020	2019		+/-	2020	2019		+/-
Salesa	Million €	12,680	14,478	(12%)		29,433	30,074	(2%)
Income from operations before depreciation, amortization and special itemsa, c	Million €	1,229	1,885	(35%)		3,808	4,527	(16%)
Income from operations before depreciation and amortization (EBITDA)a, c	Million €	1,070	1,546	(31%)		3,498	4,316	(19%)
EBITDA margin	%			8.4	10.7		−	11.9	14.4		−
Depreciation and amortizationd	Million €	1,011	1,039	(3%)		1,983	2,030	(2%)
Income from operations (EBIT)a, c	Million €	59	507	(88%)		1,515	2,286	(34%)
Special items	Million €	(167)	(488)	66%		(351)	(459)	24%
EBIT before special itemsa, c	Million €	226	995	(77%)		1,866	2,745	(32%)
Income before income taxesa	Million €	(923)	293	.		277	1,849	(85%)
Income after taxes from continuing operations	Million €	(888)	243	.		(7)	1,406	.
Income after taxes from discontinued operationsb	Million €	14	5,686	(100%)		36	5,963	(99%)
Net incomeb	Million €	(878)	5,954	.		7	7,360	(100%)
Earnings per sharea, b	€	(0.95)	6.48	.		0.01	8.01	(100%)
Adjusted earnings per sharea, b	€	0.25	0.83	(70%)		1.51	2.47	(39%)
Research and development expenses	Million €	480	518	(7%)		974	1,021	(5%)
Personnel expenses	Million €	2,679	2,865	(6%)		5,505	5,768	(5%)
Number of employees (June 30)				117,563	118,705	(1%)		117,563	118,705	(1%)
Assets (June 30)	Million €	90,369	88,397	2%		90,369	88,397	2%
Investments including acquisitionse	Million €	654	1,060	(38%)		2,790	1,775	57%
Equity ratio (June 30)	%			42.5	45.6		−	42.5	45.6		−
Net debt (June 30)	Million €	20,519	18,872	9%		20,519	18,872	9%
Cash flows from operating activities	Million €	2,242	1,946	15%		1,212	2,319	(48%)
Free cash flow	Million €	1,516	965	57%		(83)	597	.

1. The statement of income for 2019 was adjusted retroactively on presentation of the construction chemicals activities as a discontinued operation from December 21, 2019, onward. For more information, see page 204 onward of the BASF Report 2019, Note 1.4
2. In the second half of 2019, the gain on the disposal of the oil and gas business was adjusted retroactively as of May 1, 2019.
3. The 2019 figures have been restated to reflect the reclassification of income from non-integral companies accounted for using the equity method to net income from shareholdings. For more information, see Note 1 on page 31 of the Half-Year Financial Report 2020: basf.com/halfyearfinancialreport
4. Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
5. Additions to property, plant and equipment and intangible assets

Corporate Media Relations	BASF SE
Jens Fey	67056 Ludwigshafen, Germany
Phone: [phone]	www.basf.com
[e-mail]	[e-mail]

Page 2

P249/20e

Segments

Million €
								EBITDA before				EBIT before			Income from operations
				Sales				special items			special items					(EBIT)
Q2		2020	2019		+/-	2020	2019			+/-	2020		2019			+/-	2020	2019		+/-
Chemicals		1,791		2,180		(18%)		216		302			(28%)		(2)			119			.		(18)		(37)		51%
Materials	2,143	2,961	(28%)		147	506			(71%)		(80)		334			.		(102)	319	.
Industrial Solutions	1,819	2,141	(15%)		280	342			(18%)		163		243			(33%)		133	228	(42%)
Surface Technologies	3,099	3,161	(2%)		(34)	240			.		(151)		129			.		(176)	125	.
Nutrition & Care	1,555	1,495	4%		362	318			14%		256		220			16%		255	207	23%
Agricultural Solutions	1,766	1,796	(2%)		299	298			0%		120		121			(1%)		95	29	228%
Other	507	744	(32%)		(41)	(121)			66%		(80)		(171)			53%		(128)	(364)	65%
BASF Group	12,680	14,478	(12%)		1,229	1,885			(35%)		226		995			(77%)		59	507	(88%)
H1
Chemicals		4,141		4,728		(12%)		607		791			(23%)		172			425			(60%)		152		265		(43%)
Materials	5,017	5,892	(15%)		562	999			(44%)		129		657			(80%)		17	640	(97%)
Industrial Solutions	3,917	4,327	(9%)		623	720			(13%)		436		507			(14%)		373	635	(41%)
Surface Technologies	7,427	6,183	20%		304	495			(39%)		69		280			(75%)		41	269	(85%)
Nutrition & Care	3,137	3,056	3%		719	645			11%		510		442			15%		499	331	51%
Agricultural Solutions	4,585	4,445	3%		1,288	1,208			7%		929		861			8%		882	801	10%
Other	1,209	1,443	(16%)		(295)	(331)			11%		(379)		(427)			11%		(449)	(655)	31%
BASF Group	29,433	30,074	(2%)		3,808	4,527			(16%)		1,866		2,745			(32%)		1,515	2,286	(34%)

Regions

Million €
														Income from operations
		Sales by location of company	Sales by location of customer	by location of companya
Q2	2020	2019	+/-	2020	2019		+/-	2020	2019			+/-
Europe	5,081	6,464		(21%)		4,689	6,024	(22%)		24	396			(94%)
of which Germany	2,149	3,499		(39%)		1,062	1,585	(33%)		(182)	87			.
North America	3,533	3,936		(10%)		3,477	3,813	(9%)		(163)	(208)			22%
Asia Pacific	3,443	3,341		3%		3,589	3,524	2%		180	305			(41%)
South America, Africa, Middle East	623	737		(15%)		925	1,117	(17%)		18	14			29%
BASF Group	12,680	14,478		(12%)		12,680	14,478	(12%)		59	507			(88%)
H1
Europe	12,601	13,652		(8%)		11,900	12,697	(6%)		705	1,246			(43%)
of which Germany	5,422	7,487		(28%)		2,750	3,188	(14%)		16	493			(97%)
North America	8,779	8,577		2%		8,462	8,357	1%		311	439			(29%)
Asia Pacific	6,738	6,439		5%		7,062	6,844	3%		466	583			(20%)
South America, Africa, Middle East	1,315	1,406		(6%)		2,009	2,176	(8%)		33	18			83%
BASF Group	29,433	30,074		(2%)		29,433	30,074	(2%)		1,515	2,286			(34%)

1. The 2019 figures have been restated to reflect the reclassification of income from non-integral companies accounted for using the equity method to net income from shareholdings. For more information, see Note 1 on page 31 of the Half-Year Financial Report 2020: basf.com/halfyearfinancialreport