BASF : Kepler Cheuvreux Macquarie Global Agriculture Forum

The right balance for better yields

Dr. Livio Tedeschi

Senior Vice President, Agricultural Solutions Europe, Africa, Middle East and Central Asia, BASF SE

Kepler Cheuvreux Macquarie Global Agriculture Forum November 15, 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 Nov. 15, 2021 | BASF Agricultural Solutions

BASF Group Q3 2021: Volume growth across most segments; Surface Technologies impacted by semiconductor shortage

Volume development by segment

Q3 2021 vs. Q3 2020

absolute (million €) terms

				Other
Industrial	Surface		Agricultural	190
Nutrition	Solutions
Solutions	Technologies	101
& Care
208	-134
102

Materials

182

Chemicals

223

Overall volume

872

 12%

 7%

 11%

relative (%) terms



-3%

 7%

 7%

 39%

 6%

3 Nov. 15, 2021 | BASF Agricultural Solutions

Agricultural Solutions: Considerably higher sales; EBIT before special items lower due to higher raw material, logistics and fixed costs

Sales Q3 2021 vs. Q3 2020									EBIT before special items
million €									million €
3,000													100
									50
2,000											26
									1,593
	1,474		8%		0
									Q3 2020
1,000									-€116	Q3 2021
																		million
							-50
0													-100
																				-90
			Q3 2020				Q3 2021

Sales development		Volumes		Prices		Portfolio		Currencies
Q3 2021 vs. Q3 2020		 7%		 1%		0%		0%

4 Nov. 15, 2021 | BASF Agricultural Solutions

BASF differentiates versus peers with four strategic levers

Innovation

Digital

Sustainability

Customer experience

5 Nov. 15, 2021 | BASF Agricultural Solutions