Charts BASF Analyst Conference Q2 2012

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Charts accompanying the 2Q2012 Conference Call for investors and analysts on July 26, 2012

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Charts BASF Analyst Conference Q2 2012

  1. 1. BASF shows solid development Second Quarter 2012 Financial highlights July 26, 2012BASF 2nd Quarter 2012 Analyst Conference Call 1
  2. 2. Forward-looking statementsThis presentation includes forward-looking statements that are subject to risks anduncertainties, including those pertaining to the anticipated benefits to be realized from theproposals described herein. This presentation contains a number of forward-lookingstatements including, in particular, statements about future events, future financialperformance, plans, strategies, expectations, prospects, competitive environment,regulation and supply and demand. BASF has based these forward-looking statements onits views with respect to future events and financial performance. Actual financialperformance of the entities described herein could differ materially from that projected in theforward-looking statements due to the inherent uncertainty of estimates, forecasts andprojections, and financial performance may be better or worse than anticipated. Given theseuncertainties, readers should not put undue reliance on any forward-looking statements.Forward-looking statements represent estimates and assumptions only as of the date thatthey were made. The information contained in this presentation is subject to change withoutnotice 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 byapplicable laws and regulations.BASF 2nd Quarter 2012 Analyst Conference Call 2
  3. 3. BASF shows solid developmentSecond quarter 2012 highlights Business performance Q2’12 vs. Q2’11  Sales €19.5 billion +6%  EBITDA €3.1 billion +4%  EBIT before special items €2.5 billion +11%  EBIT €2.2 billion +1%  Net income €1.2 billion (15%)  EPS €1.34 (16%)  Adjusted EPS €1.60 (9%)  New second quarter record for sales and earnings in Agricultural Solutions  Oil & Gas outperformed mainly due to the resumption of oil production in Libya  Demand in chemical businesses did not match the strong previous year level  Weaker than expected demand in China  Overall sales and earnings in H1 2012 came in above H1 2011BASF 2nd Quarter 2012 Analyst Conference Call 3
  4. 4. Important milestones in Q2 2012 Investments in Strengthening of Active portfolio emerging markets technology platform management BASF to invest in new  BASF acquired Novolyte  BASF acquired Mazzaferro‘s chemical production site in Technologies polyamide polymer business Dahej, India  Novolyte’s energy storage  Production of PA 6 and Investment of €150 million activities focused on compounds in Brazil Production facilities for developing, producing and  Further strengthening position in polyurethanes, care chemicals, marketing performance engineering plastics and PA polymer dispersions for electrolyte formulations polymers in South America coatings and paper  BASF now becomes global  Polymerization plant with a Production startup: 2014 supplier of lithium-ion battery capacity of 20,000 metric tons electrolyte formulationsBASF 2nd Quarter 2012 Analyst Conference Call 4
  5. 5. Outlook 2012 confirmed Outlook 2012  For the FY 2012, BASF aims to exceed the record levels of sales and EBIT before special items achieved in 2011  BASF will strive again to earn a high premium on cost of capital  Chemical businesses: • Given the weak demand outlook, we expect volumes to be flat in H2 2012 vs. H1 2012 • In 2012, EBIT before special items is expected to come in below the level of 2011 Revised assumptions 2012  GDP: +2.3% (before: 2.7%)  Industrial production: +3.4% (before: 4.1%)  Chemical production: +3.5% (before: 4.1%)  US$/Euro: 1.30 (unchanged)  Oil price (US$/bbl): 110 (unchanged)BASF 2nd Quarter 2012 Analyst Conference Call 5
  6. 6. ChemicalsEarnings impacted by weaker margins throughout the portfolioQ2’12 segment sales (million €) vs. Q2’11 EBIT before special items (million €)Intermediates Inorganics 426 +21% 800763 674+10% 621 600 467 €3,348 381 436 400 -1% 200 Petrochemicals 2,159 0 (8%) Q2 Q3 Q4 Q1 Q2 2011 2012Sales development Period Volumes Prices Portfolio Currencies Q2’12 vs. Q2’11  (14%)  (2%)  10%  5%BASF 2nd Quarter 2012 Analyst Conference Call 6
  7. 7. PlasticsSequential earnings improvement in challenging environmentQ2’12 segment sales (million €) vs. Q2’11 EBIT before special items (million €)Polyurethanes 383 4001,580 317+5% 256 €2,878 219 200 +2% 110 Performance Polymers 0 1,298 Q2 Q3 Q4 Q1 Q2 (2%) 2011 2012Sales development Period Volumes Prices Portfolio Currencies Q2’12 vs. Q2’11  (5%) 0%  1%  6%BASF 2nd Quarter 2012 Analyst Conference Call 7
  8. 8. Performance ProductsHigher prices could not fully compensate weak demand vs.Q2 ‘11Q2’12 segment sales (million €) vs. Q2’11 EBIT before special items (million €)Care Chemicals Performance 6001,237 Chemicals 513(9%) 944 440 452 446 +4% 400Nutrition €4,122& Health +1% 220509 200+6% DispersionsPaper Chemicals & Pigments 0427 1,005 Q2 Q3 Q4 Q1 Q2+2% +7% 2011 2012Sales development Period Volumes Prices Portfolio Currencies Q2’12 vs. Q2’11  (5%)  1% 0%  5%BASF 2nd Quarter 2012 Analyst Conference Call 8
  9. 9. Functional SolutionsDemand from the automotive industry remained strongQ2’12 segment sales (million €) vs. Q2’11 EBIT before special items (million €)Catalysts Construction 2001,620 Chemicals 167 162+8% 621 148 150 134 +8% €2,974 88 100 +8% 50 Coatings 0 733 Q2 Q3 Q4 Q1 Q2 +6% 2011 2012Sales development Period Volumes Prices Portfolio Currencies Q2’12 vs. Q2’11 0%  (1%)  3%  6%BASF 2nd Quarter 2012 Analyst Conference Call 9
  10. 10. Agricultural SolutionsRecord Q2 sales and earnings driven by strong demandQ2’12 segment sales (million €) vs. Q2’11 EBIT before special items (million €) 1,467 1,205 4141.000 400 331 500 200 0 0 Q2 Q2 Q2 Q2 2011 2012 2011 2012Sales development Period Volumes Prices Portfolio Currencies Q2’12 vs. Q2’11  14%  2% 0%  6%BASF 2nd Quarter 2012 Analyst Conference Call 10
  11. 11. Oil & GasStrong growth supported by oil production in LibyaQ2’12 segment sales (million €) vs. Q2’11 EBIT bSI/Net income (million €)Exploration & 1,000Production 8801,251 800+122% €3,585 600 793 +46% 400 332 Natural Gas 200 269 Trading 257 213 63 87 2,334 0 Q2/2011 Q2/2012 +23% Exploration & Production Non compensable oil taxes (Q2 2011: €0 million; Q2 2012: €445 million) Natural Gas Trading Net incomeSales development Period Volumes Prices/Currencies Portfolio Q2’12 vs. Q2’11  31%  14%  1%BASF 2nd Quarter 2012 Analyst Conference Call 11
  12. 12. Review of “Other” Million € Q2 2012 Q2 2011 Sales 1,107 1,714 thereof Styrenics - 811 EBIT before special items (76) (163) thereof Corporate research (95) (87) Group corporate costs (61) (59) Currency results, hedges and other 52 (118) valuation effects Styrenics, fertilizers, other businesses 13 76 Special items (116) 27 EBIT (192) (136)BASF 2nd Quarter 2012 Analyst Conference Call 12
  13. 13. Strong operating cash flow at €3.5 billion Million € H1 2012 H1 2011 Cash provided by operating activities 3,460 3,038 thereof Changes in net working capital (651) (1,178) Cash provided by investing activities (1,084) 81 thereof Payments related to tangible / intangible assets (1,669) (1,265) thereof Acquisitions / divestitures 430 32 Cash used in financing activities (2,198) (2,764) thereof Changes in financial liabilities 269 (486) Dividends (2,462) (2,278) First half 2012  Increase in net working capital by €0.7 billion  Free cash flow amounted to €1.8 billion  Dividend payments to BASF SE shareholders €2.3 billion  Net debt decreased by €0.7 billion to €11.5 billion in comparison to H1 2011BASF 2nd Quarter 2012 Analyst Conference Call 13
  14. 14. BASF 2nd Quarter 2012 Analyst Conference Call 14
  15. 15. Regional sales and earnings Q2 2012Sales and EBIT before special items by location of company; in million EUR; changes in comparison to Q2 2011 Europe North America Sales 11.146 +9% -5% Sales 3.767 57% EBIT bSI 1.877 +33% -28% EBIT bSI 330 Sales 19% BASF Group 19.481 South America, 5% Africa, Middle East 18% +1% Sales 979 Asia Pacific -36% EBIT bSI 54 Sales 3.589 +9% EBIT bSI 229 -20%BASF 2nd Quarter 2012 Analyst Conference Call

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