Analyst Conference Call FY 2020

February 26, 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.

Strong performance in Q4 2020 due to higher volumes and prices; EBIT before special items of €3.6 billion in 2020

  • BASF benefitted from economic recovery in Q4 2020:

    • − Volume growth across all regions, Greater China with double-digit growth rates

      −

      Volume increase across almost all segments

    • − Margin expansion in some commodity lines, e.g., isocyanates

    • − Lower fixed costs supporting BASF's strong earnings growth

  • Measures to tackle the pandemic continued:

    • − Safety and health of our employees as well as safe operations are the top priority

    • − Focus on cash generation, cost control and reduction of capex

    • − High liquidity and unrestricted access to debt markets thanks to strong balance sheet and good credit ratings

EBIT before special items by quarter million €

2,000

1,500

1,000

500

0

Q1 2020

Q2 2020

Q3 2020

Q4 2020

Broad recovery of chemical production in all major regions in second half of 2020

Chemical production compared with prior-year quarter %

Growth rates 2020 vs. 2019 %

1.0

2.0

2020

3.0

4.0

-3.7%

-4.0%

-0.4%

Source: BASF, data: IHS, Feri, NBS China, FED, Eurostat, LMC. Asia: India, Japan, South Korea, Taiwan, Thailand.

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BASF SE published this content on 26 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 February 2021 06:14:06 UTC.