BASF : Exane BNP Paribas European CEO Conference (virtual)

BASF Capital Market Story

Dr. Martin Brudermüller

Chairman of the Board of Executive Directors

Virtual Exane BNP Paribas European CEO Conference

June 10, 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 June 2021 | BASF Capital Market Story

Agenda

1		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

3 June 2021 | BASF Capital Market Story

What is driving BASF's future growth?

Global trends provide opportunities for growth in the chemical industry

Population growth:

Driven by the emerging markets

China the largest market:

Share of global chemical market

Circular economy:

Non-recycled plastics worldwide

+25%

2020 to 2050

~50%

by 2030

~200

million metric tons per year

Digitalization:

Rapid growth in volume of data

Climate change:

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

Electromobility:

Growing demand for battery materials until 2030

456

zettabytes in 2030

-70%

by 2050 (baseline 1990)

~25%

per year

4

June 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		Strong and expanding
innovation platform		local presence in fast
			growing Asian market
▪	€2.1 billion R&D		▪	2 Verbund sites
	expenditures in 2020			already
▪	~10,000 employees		▪	>70 production
	in R&D			sites
▪	Sales of ~€10 billion		▪	€15.4 billion1 sales
	in 2020 with products			in 2020
	launched during last		▪	Strong volume and
	5 years

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
5	June 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