BASF Capital Market Story

Dr. Hans-Ulrich Engel

Chief Financial Officer

Berenberg Conference USA

May 20, 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 2021 | BASF Capital Market Story

Agenda

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2

3

At a glance

Strategy implementation

Unique position to capture

in full swing

growth in Asia

4

5

6

Battery materials driving

Pushing the transition to a

Reporting

electromobility and future

sustainable economy

growth

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What is driving BASF's future growth?

Global trends provide opportunities for growth in the chemical industry

Driven by the

+25%

Population growth:

emerging markets

2020 to 2050

China the largest market:

~50%

Share of global

chemical market

by 2030

Digitalization:

Rapid growth in volume of data

Climate change:

Required reduction of greenhouse gas emissions to achieve the 2°C goal

456

zettabytes in 2030

-70%

by 2050 (baseline 1990)

Circular economy:

~200

Electromobility:

Non-recycled plastics

Growing demand for

worldwide

million metric tons per year

battery materials until 2030

~25%

per year

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May 2021 | BASF Capital Market Story

Sources: UN, IEA, UBS Foresight, BASF

Unique position to deliver long-term value

Unique Verbund concept

  • 6 Verbund sites globally
  • 241 additional production sites worldwide
  • 6.2 million metric tons of CO2 avoided globally in 2020

Industry-leading innovation platform

  • €2.1 billion R&D expenditures in 2020
  • ~10,000 employees in R&D
  • Sales of ~€10 billion in 2020 with products launched during last 5 years

Strong and expanding local presence in fast growing Asian market

  • 2 Verbund sites already
  • >100 production sites
  • €15.4 billion1 sales in 2020
  • Strong volume and earnings development of BASF in Greater China

Creating value to society and contributing to a sustainable development

  • Target: 25% CO2 emission reduction by 2030 (compared with 2018)2
  • We aim to achieve
    net zero CO2 emissions2 by 2050
  • Achieve €22 billion in Accelerator sales by
    2025 (2020: €16.7 billion)

Progressive dividend policy

  • Aim to increase the dividend per share every year
  • Dividend of €3.30 per share for 2020

1 Sales by location of customer. Only includes sales from BASF entities fully consolidated according to IFRS 10/11

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May 2021 | BASF Capital Market Story

2 The goal includes Scope 1 and Scope 2 emissions. Other greenhouse gases are converted into CO2 equivalents

according to the Greenhouse Gas Protocol

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BASF SE published this content on 20 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2021 12:09:03 UTC.