BASF : Bernstein Agriculture Conference

Finding the right balance for success

Rolf Reinecke

Senior Vice President

Global Strategic Marketing Agricultural Solutions

8th Annual Agriculture Conference - Bernstein, May 21, 2021

Cautionary note regarding forward-looking statements

This presentation contains forward-looking statements. These statements are based on current estimates and projections of the Board of Executive Directors and currently available information. Forward-looking statements are not guarantees of the future developments and results outlined therein. These are dependent on a number of factors; they involve various risks and uncertainties; and they are based on assumptions that may not prove to be accurate. Such risk factors include those discussed in Opportunities and Risks on pages 158 to 166 of the BASF Report 2020. BASF does not assume any obligation to update the forward-looking statements contained in this presentation above and beyond the legal requirements.

2 May 21, 2021 | BASF Agricultural Solutions

BASF Group Q1 2021: Considerable volume growth in the Agricultural Solutions segment

Volume development by segment Q1 2021 vs. Q1 2020

absolute (million €) terms

	Industrial
	Solutions
Materials	118
262

Chemicals

165

 7%

 9%

 5%

relative (%) terms

		Agricultural
	Nutrition	Solutions
Surface	197
Technologies	& Care
39
708

 16%

 3%

 7%

Other

-31

	-4%

Overall volume

1,458

• 9%

3 May 21, 2021 | BASF Agricultural Solutions

EBIT before special items of the Agricultural Solutions segment matched the strong level of the prior-year quarter

Sales Q1 2021 vs. Q1 2020				EBIT before special items
million €						million €
3,000					2,846		1,000
	2,819
		+1%
								809			807
						800				0%

2,000

1,000

600

400

						200
0						0
	Q1 2020		Q1 2021			Q1 2020		Q1 2021

Sales development		Volumes		Prices		Portfolio
Q1 2021 vs. Q1 2020		 7%		 2%		0%

Currencies

	-8%

4 May 21, 2021 | BASF Agricultural Solutions

Farm to Fork: More than €100 billion market potential in future innovation markets

Farm to Fork:

Sustainable Agriculture

Green Deal EU 2030 targets

Reduce chemical plant protection by 50%

Reduce nutrient losses and fertilizer use > 20%

Reduce therapeutic antimicrobials by 50% (animal health)

Transform 25% of farmland into organic farming

Strategic Innovation Market	Global Market Potential 2030 (€ billion)

1. Application technologies
2. Digital services
3. Precision farming
4. Sustainable crop protection
5. Seeds & traits
6. Seed & post-harvest treatment
7. Innovative farming
8. Sustainable animal feed
9. Greenhouse gas emission reduction

1. Sustainable additives
2. Alternative proteins
3. Healthy nutrition
4. Natural formulations

5 May 21, 2021 | BASF Agricultural Solutions