Charts BASF Analyst Conference Q1 2014
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Charts BASF Analyst Conference Q1 2014

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Charts accompanying the Q1 2014 Analyst Call on May 2, 2014. Full report available at http://on.basf.com/19josmk

Charts accompanying the Q1 2014 Analyst Call on May 2, 2014. Full report available at http://on.basf.com/19josmk

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    Charts BASF Analyst Conference Q1 2014 Charts BASF Analyst Conference Q1 2014 Presentation Transcript

    • First Quarter 2014 Financial highlights May 2, 2014 Good start to the year in chemicals business, oil and gas business considerably down
    • Cautionary note regarding forward-looking statements This presentation may contain 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. Forward-looking statements may include, 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 and assumptions with respect to future events and financial performance. Actual financial performance 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. 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. 2BASF Q1 2014 Analyst Conference Call May 2, 2014
    • Good start to the year in chemicals business, Oil & Gas considerably down Business performance Q1’14 Q1’13 vs. Q1’13  Sales €19.5 billion €19.7 billion (1%)  EBITDA €3.0 billion €2.9 billion +3%  EBIT before special items €2.1 billion €2.2 billion (3%)  EBIT €2.2 billion €2.2 billion +4%  Net income €1.5 billion €1.4 billion +2%  Reported EPS €1.61 €1.57 +3%  Adjusted EPS €1.64 €1.67 (2%)  Operating cash flow €1.7 billion €2.0 billion (17%) Sales development Period Volumes Prices Portfolio Currencies Q1’14 vs. Q1’13 4% (3%) 1% (3%) 3BASF Q1 2014 Analyst Conference Call May 2, 2014   
    • Portfolio optimization & development BASF Q1 2014 Analyst Conference Call May 2, 2014 Portfolio optimization in Oil & Gas Increasing backward integration in the US 4 Strengthen competitiveness of Performance Products Strengthening Verbund sites in Asia
    • Chemicals Continued volume increase, but lower prices Intermediates 711 +2% Monomers 1,590 (5)% Petrochemicals 2,097 +4% €4,398 0% 650 495 527 510 601 0 200 400 600 800 Q1 Q2 Q3 Q4 Q1 EBIT before special items (million €) 20142013 Q1’14 segment sales (million €) vs. Q1’13 Sales development Period Volumes Prices Portfolio Currencies Q1’14 vs. Q1’13 8% (6%) (0%) (2%)  BASF Q1 2014 Analyst Conference Call May 2, 2014   5
    • Performance Products Continued strong volume growth Performance Chemicals 818 0% Care Chemicals 1,264 (1)% €3,872 0% Paper Chemicals 344 (5%) Q1’14 segment sales (million €) vs. Q1’13 Nutrition & Health 495 0% Dispersions & Pigments 951 +2% 379 394 376 216 427 0 200 400 600 Q1 Q2 Q3 Q4 Q1 EBIT before special items (million €) 20142013 Sales development Period Volumes Prices Portfolio Currencies Q1’14 vs. Q1’13 5% (1%) 0% (4%)  BASF Q1 2014 Analyst Conference Call May 2, 2014  6
    • Functional Materials & Solutions Strong demand from automotive industry Catalysts 1,458 0% Construction Chemicals 443 (3%) Coatings 721 +3% €4,236 +1% Q1’14 segment sales (million €) vs. Q1’13 239 293 300 238 311 0 50 100 150 200 250 300 350 Q1 Q2 Q3 Q4 Q1 EBIT before special items (million €) 20142013 Sales development Period Volumes Prices Portfolio Currencies Q1’14 vs. Q1’13 7% (1%) 0% (5%)  Performance Materials 1,614 +3%  BASF Q1 2014 Analyst Conference Call May 2, 2014  7
    • Agricultural Solutions Good start to the year Q1’14 segment sales vs. Q1’13 (million €) Q1’14 EBIT before special items vs. Q1’13 (million €) 20142013 0 200 400 600 Q1 Q1 20142013 0 500 1.000 1.500 2.000 Q1 Q1 1,653 5104981,556 Sales development Period Volumes Prices Portfolio Currencies Q1’14 vs. Q1’13 9% 3% 0% (6%)   BASF Q1 2014 Analyst Conference Call May 2, 2014 8
    • Oil & Gas Lower sales and earnings, net income increased Exploration & Production 792 0% Natural Gas Trading 3,484 (10%) €4,276 -8% Q1’14 segment sales (million €) vs. Q1’13 EBIT bSI/Net income (million €) 162 397 65 442 0 200 400 600 800 Q1/2013 Net Income Q1/2014 Net Income Natural Gas Trading Exploration & Production Net income 630 Sales development Period Volumes Prices/Currencies Portfolio Q1’14 vs. Q1’13 (7%) (4%) 3% 468 BASF Q1 2014 Analyst Conference Call May 2, 2014 494 429    9
    • Review of “Other” Million € Q1’14 Q1’13 Sales 1,077 1,065 EBIT before special items (203) (182) thereof Corporate research Group corporate costs Currency results, hedges and other valuation effects Styrenics, fertilizers, other businesses (102) (49) (95) 50 (98) (56) 56 59 Special items (8) (28) EBIT (211) (210) BASF Q1 2014 Analyst Conference Call May 2, 2014 10
    • Strong operating cash flow Million € Q1’14 Q1’13 Cash provided by operating activities 1,704 2,041 thereof Changes in net working capital Miscellaneous items (1,052) 578 (713) 615 Cash used in investing activities (770) (1,637) thereof Payments related to tangible / intangible assets (936) (831) Acquisitions / divestitures 263 (514) Cash provided by financing activities 389 363 thereof Changes in financial liabilities Dividends 413 (24) 429 (66) BASF Q1 2014 Analyst Conference Call May 2, 2014 11
    • Balance sheet remains strong Balance sheet March 31, 2014 vs. December 31, 2013 (billion €) Liquid funds Accounts receivable Long-term assets 37.1 9.4 1.8 Other liabilities Financial debt Stockholders’ equity Dec 31 2013 Mar 31 2014 Mar 31 2014 Dec 31 2013 64.4 Inventories Other assets 9.6 3.7 Highlights March 31, 2014  Short-term assets increased by €3.2 billion  Inventories rose slightly by €0.3 billion  Accounts receivables grew seasonally by €1.4 billion  Liquid funds up by €1.3 billion  Financial indebtedness rose by €0.6 billion to €15.1 billion  Net debt reduced to €11.9 billion  Equity ratio: 42% 37.5 10.8 3.1 9.9 3.9 67.9 2.7 Disposal group Disposal group 12 2.8 BASF Q1 2014 Analyst Conference Call May 2, 2014 27.8 20.9 64.4 1.3 28.4 22.4 2.0 67.9 15.1 14.4
    •  We aim to increase our sales volumes excluding the effects of acquisitions and divestitures.  Nonetheless, sales will decline slightly compared with 2013 due to the divestiture of the gas trading and storage business planned for mid-2014.  We expect a slight increase in EBIT before special items, especially as a result of considerably higher contributions from the Performance Products and Functional Materials & Solutions segments.  We aim to earn a high premium on our cost of capital once again in 2014. Outlook 2014  GDP: +2.8%  Industrial production: +3.7%  Chemical production: +4.4%  US$ / Euro: 1.30  Oil price (US$ / bbl): 110 Assumptions 2014 Outlook 2014 confirmed BASF Q1 2014 Analyst Conference Call May 2, 2014 13
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