Third Quarter 2010
                                                             Financial Highlights

                    ...
Forward-looking statements

This presentation includes forward-looking statements that are subject to risks and
uncertaint...
Business dynamics remained strong in Q3

Sales (billion €)                                                                ...
Third quarter 2010 highlights
Strong business dynamics in all segments

  Q3 2010 business development
      Volume growth...
Important operational developments

   STYROLUTION                                               Construction Chemicals   ...
Chemicals
Continued strong demand

Q3’10 segment sales (million €) vs. Q2’10                                         EBIT ...
Plastics
Earnings up again thanks to high capacity utilization

Q3’10 segment sales (million €) vs. Q2’10                 ...
Performance Products
Solid earnings despite one-off costs

Q3’10 segment sales (million €) vs. Q2’10                      ...
Functional Solutions
Increased volumes drive topline growth

Q3’10 segment sales (million €) vs. Q2’10                    ...
Agricultural Solutions
Successful start to new season in South America

Q3’10 segment sales (million €) vs. Q3’09         ...
Oil & Gas
Improved earnings despite lower volumes

Q3’10 segment sales (million €) vs. Q3’09                              ...
Review of “Other”

 Million €                                                   Q3 2010   Q3 2009

 Sales                 ...
Cash flow of €5.3 billion
Very strong cash flow generation in Q3

 Million €                                              ...
Introducing the next leading technologies

   CO2 scrubbing                                             Standak® Top      ...
Outlook: record year 2010

  Targets 2010
    We expect:
      - the good business development to continue in the fourth q...
3rd Quarter 2010 Financial Highlights ___ October 28, 2010   16
Back-Up




3rd Quarter 2010 Financial Highlights ___ October 28, 2010   17
Financial highlights Q3

 Million €                                                   Q3 2010   Q2 2010   Δ%    Q3 2009   ...
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BASF Q3-2010 results

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Charts accompanying the 3Q2010 Conference Call for investors and analysts on October 28, 2010.

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BASF Q3-2010 results

  1. 1. Third Quarter 2010 Financial Highlights On track for a record year October 28, 2010 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 1
  2. 2. Forward-looking statements This presentation includes forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. This presentation contains a number of forward-looking statements including, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. BASF has based these forward-looking statements on its views with respect to future events and financial performance. Actual financial performance of the entities described herein could differ materially from that projected in the forward-looking statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than anticipated. Given these uncertainties, readers should not put undue reliance on any forward-looking statements. Forward-looking statements represent estimates and assumptions only as of the date that they were made. The information contained in this presentation is subject to change without notice and BASF does not undertake any duty to update the forward-looking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations. 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 2
  3. 3. Business dynamics remained strong in Q3 Sales (billion €) EBIT before special items (billion €) 20 2.5 2.2 2.2 15.5 16.2 15.8 2.0 16 2.0 12.8 13.2 1.5 12 1.5 1.2 8 1.0 4 0.5 0 0.0 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 2009 2010 2009 2010 Sales development Period Volumes Prices Portfolio Currencies Q3’10 vs. Q2’10 (3)%* 0% 0% 0% Q3’10 vs. Q3’09 5% 10% 0% 8% 1-9 ’10 vs. 1-9 ’09 14% 6% 2% 4% * +2% volume growth w/o Agricultural solutions and Oil & Gas 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 3
  4. 4. Third quarter 2010 highlights Strong business dynamics in all segments Q3 2010 business development Volume growth in Chemical Activities Agricultural Solutions started successfully into the season in South America Oil & Gas earnings were above previous year due to higher oil price Very strong operating cash flow of €5.3 billion in the first three quarters Q3 2010 performance vs. Q2’10 vs. Q3’09 Sales €15.8 billion - 3% +23% EBITDA €2.9 billion +2% +47% EBITDA margin 18.6% 17.7% 15.6% EBIT before special items €2.2 billion - +77% EBIT €2.16 billion +4% +122% Net income €1.25 billion +5% +425% Adjusted EPS €1.52 +1% +149% 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 4
  5. 5. Important operational developments STYROLUTION Construction Chemicals Oil and Gas Carve-out of Styrenics BASF admixtures used in the Five North Sea oil discoveries in activities into STYROLUTION construction of Gotthard Base 2010: Effective: January 1, 2011 Tunnel – World’s longest – Norway: Beta and Maria; railway tunnel Sales 2009: €2.5 billion – UK: Catcher, Blakeney, Special admixtures for long Cladhan Employees 2009: 1,460 distance and high temperature New discoveries with growth potential Appraisal phase starts asap 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 5
  6. 6. Chemicals Continued strong demand Q3’10 segment sales (million €) vs. Q2’10 EBIT before special items (million €) Intermediates Inorganics 687 322 617 643 600 (1)% (1)% 461 €2,874 400 364 315 (3)% 200 Petrochemicals 1,909 0 (4)% Q3 Q4 Q1 Q2 Q3 2009 2010 Sales development Period Volumes Prices Portfolio Currencies Q3’10 vs. Q2’10 0% (2)% 0% (1)% Q3’10 vs. Q3’09 10% 25% 0% 9% 1-9 ’10 vs. 1-9 ’09 22% 31% 0% 4% 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 6
  7. 7. Plastics Earnings up again thanks to high capacity utilization Q3’10 segment sales (million €) vs. Q2’10 EBIT before special items (million €) Polyurethanes 400 371 349 1,458 +4% 279 251 216 €2,598 200 +1% Performance Polymers 1,140 0 (4)% Q3 Q4 Q1 Q2 Q3 2009 2010 Sales development Period Volumes Prices Portfolio Currencies Q3’10 vs. Q2’10 1% 0% 0% 0% Q3’10 vs. Q3’09 14% 7% 0% 11% 1-9 ’10 vs. 1-9 ’09 27% 10% 0% 5% 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 7
  8. 8. Performance Products Solid earnings despite one-off costs Q3’10 segment sales (million €) vs. Q2’10 EBIT before special items (million €) Care Chemicals 500 471 682 Performance 419 +1% Chemicals 400 370* 832 286 Nutrition €3,206 +3% 300 & Health 209 357 +2% 200 (4)% 100 Paper Chemicals Dispersions & Pigments 0 448 887 Q3 Q4 Q1 Q2 Q3 +2% +4% 2009 2010 Sales development Period Volumes Prices Portfolio Currencies Q3’10 vs. Q2’10 1% 1% 0% 0% Q3’10 vs. Q3’09 7% 7% 0% 7% 1-9 ’10 vs. 1-9 ’09 15% 3% 13% 4% 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 * Reduction in EBIT before special items due to one-time charges 8
  9. 9. Functional Solutions Increased volumes drive topline growth Q3’10 segment sales (million €) vs. Q2’10 EBIT before special items (million €) Catalysts Construction Chemicals 165 158 1,347 599 150 +10% +4% 111 106 101 €2,591 100 +6% 50 Coatings 645 0 (1)% Q3 Q4 Q1 Q2 Q3 2009 2010 Sales development Period Volumes Prices Portfolio Currencies Q3’10 vs. Q2’10 7% (1)% 0% 0% Q3’10 vs. Q3’09 15% 9% 1% 12% 1-9 ’10 vs. 1-9 ’09 18% 11% 1% 7% 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 9
  10. 10. Agricultural Solutions Successful start to new season in South America Q3’10 segment sales (million €) vs. Q3’09 EBIT before special items (million €) 1,000 832 80 % 66 +34 800 623 600 4% + 21 40 400 21 200 0 0 Q3 Q3 Q3 Q3 2009 2010 2009 2010 Sales development Period Volumes Prices Portfolio Currencies Q3’10 vs. Q2’10 (31)% (1)% 0% 1% Q3 ’10 vs. Q3 ’09 29% (6)% 0% 11% 1-9 ’10 vs. 1-9 ’09 7% (3)% 0% 4% 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 10
  11. 11. Oil & Gas Improved earnings despite lower volumes Q3’10 segment sales (million €) vs. Q3’09 EBIT before special items / Net income (million €) Exploration & 800 Production 573 881 600 550 (1)% 70 83 €2,228 400 (7)% 503 Natural Gas 200 467 272 Trading 186 1,347 0 (10)% Q3 Q3 2009 2010 EBIT bSI Natural Gas Trading Net income Sales development EBIT bSI Exploration & Production Period Volumes Prices/Currencies Portfolio Q3’10 vs. Q2’10 (12)% 6% 0% Q3’10 vs. Q3’09 (23)% 16% 0% 1-9 ’10 vs. 1-9 ’09 3% (13)% 0% 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 11
  12. 12. Review of “Other” Million € Q3 2010 Q3 2009 Sales 1,452 1,280 thereof Styrenics 815 696 EBIT before special items 58 (295) thereof Group Corporate Costs (54) (54) Corporate Research (67) (81) Currency results, hedges and other 104 (92) valuation effects Styrenics, fertilizers, other businesses 77 43 Special items (68) (96) EBIT (10) (391) 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 12
  13. 13. Cash flow of €5.3 billion Very strong cash flow generation in Q3 Million € Jan – Sept 2010 Jan - Sept 2009 Cash provided by operating activities 5,307 4,959* thereof Changes in net working capital (783) 1,558 Cash used in investing activities (1,175) (3,418) thereof Payments related to tangible / intangible assets (1,518) (1,828) Cash used in financing activities (3,814) (1,372)* thereof Changes in financial liabilities (2,003) 789 Dividends (1,811) (2,027) * 2009 adjusted for reclassification of settlement payments for currency derivatives Third quarter 2010 Q3 operating cash flow at €2.6 billion Free cash flow at €2.0 billion again on a high level Net debt reduced by €2.1 billion to €11.4 billion compared with the end of the second quarter 2010 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 13
  14. 14. Introducing the next leading technologies CO2 scrubbing Standak® Top NaphthaMax® III High-efficiency capture of SeedSolutions® innovation for Catalyst for Fluid Catalytic carbon dioxide (CO2) from soybean growers in Brazil Cracking (FCC) units combustion gases in coal-fired Ready-to-use insecticidal and Increased zeolite activity and power plants fungicidal seed protection with coke selectivity as well as Development of new Plant Health characteristics improved hydrothermal stability processes and solvents Attractive and fast growing Increased gasoline yield from the market driven by high value FCC unit seed Translating to higher refinery margins 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 14
  15. 15. Outlook: record year 2010 Targets 2010 We expect: - the good business development to continue in the fourth quarter of 2010 - sales of ~€ 63 billion and EBIT before special items of more than € 8 billion in 2010 - to earn a high premium on our cost of capital - to increase the dividend Medium-term targets We aim to grow sales on average by two percentage points per year above chemical market growth. We strive to grow our earnings further year by year and to achieve an EBITDA margin of 18% until 2012. Dividend policy We aim to continuously increase the annual dividend, or at least maintain it at the level of the previous year. 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 15
  16. 16. 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 16
  17. 17. Back-Up 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 17
  18. 18. Financial highlights Q3 Million € Q3 2010 Q2 2010 Δ% Q3 2009 Δ% Sales 15,781 16,214 -3% 12,798 +23% changes due to - volumes -3% +5% - prices 0% +10% - portfolio 0% +0% - currencies 0% +8% EBITDA 2,934 2,867 +2% 1,993 +47% EBIT before special items 2,213 2,206 0% 1,248 +77% Special items (58) (127) (277) EBIT 2,155 2,079 +4% 971 +122% Net income 1,245 1,183 +5% 237 +425% EPS (€) 1.35 1.29 +5% 0.26 +419% Adjusted EPS (€) 1.52 1.50 +1% 0.61 +149% 3rd Quarter 2010 Financial Highlights ___ October 28, 2010 18

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