BASF SE Our way forward to a better yield
Dr. Livio Tedeschi
President, Agricultural Solutions, BASF SE
Kepler Cheuvreux Global Agriculture Forum
November 14, 2022
1 November 14, 2022 I Global Agriculture Forum
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 151 to 160 of the BASF Report 2021. BASF does not assume any obligation to update the forward-looking statements contained in this presentation above and beyond the legal requirements.
2 November 14, 2022 I Global Agriculture Forum
Agrochemical and seeds market development
Market is at its peak in 2022 while being impacted by volatility, uncertainty and complexity
Crop protection & seed sales development*
Sales (bn $) | Total (CAGR %) | |||||||||||
120 | ||||||||||||
21-22: 11% | ||||||||||||
100 | ||||||||||||
80 | CP (CAGR %) | |||||||||||
Crop protection | 21-22: 13% | |||||||||||
60 | ||||||||||||
40 | ||||||||||||
Seeds | Seeds (CAGR %) | |||||||||||
20 | 21-22: 7% | |||||||||||
0 | 2000 | 2002 | 2004 | 2006 | 2008 | 2010 | 2012 | 2014 | 2016 | 2018 | 2020 | 2022 |
Current season: Sales reaching record levels (+11% vs 2021)
Increased costs for energy and raw materials
- Eurozone most affected by soaring energy costs
- Gas prices recovered from August peaks but remain high
Inflation
- Monetary policy tightening to tame high inflation
- US dollar at new heights, shifting international competitiveness
War in Ukraine
- War aggravated supply shortages and inflationary pressures
- Russia's adherence to the grain deal remains uncertain
Supply/Logistics
- Ongoing lockdowns in China challenge supply improvement
- US inland waterways for ag logistics suffered due to droughts
3 | November 14, 2022 I Global Agriculture Forum | *Source: AgBio Investor Estimations |
Agricultural Solutions contributes strongly to BASF Group
Agricultural Solutions | Agricultural Solutions | Agricultural Solutions | Agricultural Solutions |
€6,402m | €7,998m | €792m | €1,098m |
11% | 12% | 12% | 17% |
BASF Group | BASF Group | BASF Group | BASF Group |
Jan. - Sep. 2021 | Jan. - Sep. 2022 | Jan. - Sep. 2021 | Jan. - Sep. 2022 |
Sales | EBIT before special items |
4 November 14, 2022 I Global Agriculture Forum
Strong performance in the first nine months of 2022
Sales and EBITbSI YTD Sep. 2022 vs. YTD Sep. 2021 | Price development YTD Sep. 2022 vs. YTD Sep. 2021 |
Million €
10,000 | 1,500 | ||
8,000 | 7,998 | 1,098 | |
6,402 | |||
6,000 | 1,000 | 792 | |
4,000 | 500 | ||
+25% | +39% | ||
2,000 | |||
0 | Sales | 0 | EBITbSI |
Sales development | Volumes | Prices | Portfolio | Currencies | ||||||
YTD Sep. 2022 vs. YTD Sep. 2021 | 7.0% | 10.6% | -0.5% | 7.7% |
5 November 14, 2022 I Global Agriculture Forum
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BASF SE published this content on 14 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2022 12:33:03 UTC.
