1. Profitable growth loves ups and downs
BASF Capital Market Story November 2010 1

2. 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
BASF Capital Market Story November 2010 2

3. 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
BASF Capital Market Story November 2010 3

4. Continuous strong cash flow
Cash Flow (billion €)
7
6
5.3
5
4 3.8
3
2
1
0
2001* 2002* 2003* 2004 2005** 2006 2007 2008 2009*** 2010
-1
Q1-Q3
Cash provided by operating activities * According to German GAAP
** Cash provided by operating activities less capex (in 2005 before CTA)
Free cash flow** *** 2009 adjusted for re-classification of settlement payments for currency
derivatives
BASF Capital Market Story November 2010 4

5. Attractive shareholder returns
Dividend per share (€) Key facts
Average annual dividend
increase of 12.8%
1.95 1.95
2.0
2.0 (2001-2009)
1.70
1.50 Dividend yield above 3% in any
1.5
1.5 given year since 2001
1.00 Attractive dividend yield of
1.0
1.0 0.85 3.9% in 2009*
0.65 0.70 0.70
0.5
0.5 Consistent, long-term value
Jan 2001 – September 2010:
Average annual performance
0.0
of BASF share** of 11%
2001 2002 2003 2004 2005 2006 2007 2008 2009
For 2010, we expect to
Yield* 3.1% 3.9% 3.1% 3.2% 3.1% 4.1% 3.8% 7.0% 3.9% increase the dividend.
* Dividend yield based on share price at year-end
** With dividends reinvested
BASF Capital Market Story November 2010 5

6. 1 | Focus on operational excellence
Costs
2 | Well positioned for profitable growth
Earnings
3 | Outlook
Earnings
6

7. Unique ‘Verbund’ concept
Cost savings of >€500 million p.a. in Ludwigshafen alone
BASF site Ludwigshafen, Germany Verbund Concept
Vertical and horizontal
integration of production plants,
energy and waste flows,
logistics and site infrastructure
Know-how Verbund
Energy Verbund and combined
heat and power plants
lead to
- Savings of ∼2.6 million tons
oil equivalent p.a.
- Reduction of CO2-emissions
of ~6 million tons p.a.
7BASF Capital Market Story November 2010 7

8. Tenacious fixed cost management
BASF Group development 2001-2009 Key facts
Since 2001 sales and earnings
Index
Trend
increased significantly
250
Fixed costs represent around
30% of total costs
200
Ciba synergies and NEXT will
drive fixed costs down
150
Synergies from Ciba integration
100 2010E:
€350 million run-rate
50
2001 2003 2005 2007 2009
Fixed costs indexed Sales indexed EBITDA indexed
BASF Capital Market Story November 2010 8

9. Sustainable improvement of cost base
Annual earnings contribution (million €) New EXcellence Targets (NEXT)
> 500 individual projects to
simplify processes, structures
2,500 and production sites in all
regions
2,000
Project timeline:
1,500 2008-2011
1,000 Annual earnings contribution of
€600 million in 2010 expected
500
Targeted earnings contribution
0 by 2012:
2003 2005 2007 2009 2010E 2012 ≥€1 billion
Completed restructuring programs New efficiency program NEXT
BASF Capital Market Story November 2010 9

10. 1 | Focus on operational excellence
Costs
2 | Well positioned for profitable growth
Earnings
3 | Outlook
Earnings
10

11. Well positioned for profitable growth
Leading positions Ongoing Excellent
in growth industries portfolio innovation
and emerging optimization platform
markets
Translate megatrends Continue with active Product and system
into business growth portfolio management innovation as growth
Continue expansion in Drive portfolio closer drivers
Asia to customers Strong pipeline of
innovations
We strive to outperform global chemical production
Growth target:
growth by at least 2 percentage points p.a.
BASF Capital Market Story November 2010 11

12. Leading positions
in growth industries and
emerging markets
BASF Capital Market Story November 2010 12

13. Ambitious targets for 2020
Regional sales targets 2020 Profitable growth to more than
€90 billion in sales by 2020
Europe, including
Outgrow global chemical
North America Africa, Middle East production growth by
p.a
. 2 percentage points
p.a.
5-6% 4-5
%
€17 Earn premium on cost of
€9 bn bn* €49
bn** capital in all regions
€30
2009 2020
bn Asia Pacific
.
p.a
%
2009 2020 7-8 €20
South America bn
€9bn
. a.
~8% p 2009 2020
€6 bn
€3 bn
2009 2020
* corresponds to sales of €17 billion in 2020,
assuming $/€ of 1.40
** oil price assumption of $75/bbl until 2013,
thereafter increase to ~$100/bbl up to 2020
BASF Capital Market Story September 2010 13

14. Growth in emerging markets
Outgrowing Asian Pacific chemical market by 2 percentage points p.a.
China BASF expects to double
sales to €20 billion in Asia
S. Korea
Japan Pacific by 2020:
Pakistan Strengthen market focus
Bangladesh Taiwan
through industry and customer
target groups
Thailand Hong Kong
India Vietnam Develop and market
innovations in Asia for Asia
Malaysia
Singapore Invest in Asia to generate 70%
of sales through local
Indonesia
production
– €2 billion investments
Regional headquarters
planned for 2009-2013
Verbund site Australia • Expansion of Verbund
Chemical production site * site Nanjing, China
Asia Pacific service center • New MDI plant in
R&D center * * Some sites not shown due to scale New Zealand Chongqing, China
BASF Capital Market Story September 2010 14

15. Ongoing
portfolio optimization
BASF Capital Market Story November 2010 15

16. Pro-active portfolio management
Selected transactions
Major acquisitions 1999 to date Major divestitures
Crop protection Pharmaceuticals
Superabsorbents BASF Fertilizers
Oil & Gas (Revus)
core Refineries
Engineering Plastics
businesses Fibers
Electronic Chemicals
Printing systems
Custom synthesis
Polyolefins (Basell)
Catalysts (Engelhard)
Construction Chem. Polystyrene
Powerful North America
Water-based resins partnerships Agchem generics
Pigments (Ciba)
Gazprom Premix
Plastic additives (Ciba)
Monsanto
Cognis Petronas Styrenics (STYROLUTION)
(acquisition announced) (to be divested)
Shell
16 billion Euro* Sinopec 10 billion Euro**
(Sales) Total (Sales)
* not including Cognis ** not including Styrenics business
BASF Capital Market Story November 2010 16

17. Active portfolio management pays off
EBITDA by activity (in billion €, without Other) Our diversified portfolio
is a key strength
10
Recent acquisitions reshaped
portfolio
8 - Closer to customers
6 - Innovation-driven
- Profitable growth above
4
industry average
2 BASF’s EBITDA (excluding
0
Other) was €9 billion in
1-9/2010
2001* 2003* 2005 2007** 2009 2010
Q1-Q3
EBITDA margin 1-9/2010:
17.8%
Chemical activities
* Based on German GAAP
Agricultural Solutions
** As of 2007 according to new segment structure
(excl. Styrenics and corporate costs)
Oil & Gas, including non-deductible oil taxes
BASF Capital Market Story November 2010 17

18. Cognis
A global leader in value-added products
Care Chemicals Nutrition & Health Functional Products
Products and formulations for Products, formulations and Specific solutions based on
the personal and home care concepts for functional food, renewable resources for
markets beverage, dietary supplements mining, synthetic lubricants,
and pharma coatings and crop protection
industries
Sales 2009: €1,457 million Sales 2009: €325 million Sales 2009: €786 million
EBITDA margin 2009: 13.2% EBITDA margin 2009: 13.2% EBITDA margin 2009: 11.2%
BASF Capital Market Story November 2010 18

19. BASF + Cognis
Clear targets
Integration into Performance Products segment with the following objectives
Growing >2% points faster than the relevant market
Achieve 20% EBITDA margin in the Performance Products segment by 2012
Acquisition accretive as of 2012
Integration costs of €200-250 million until end of 2012
Cost synergies of at least 5% of 2009 net sales fully achieved by 2013
BASF Capital Market Story November 2010 19

20. Excellent
innovation platform
BASF Capital Market Story November 2010 20

21. Innovation will spur further growth
Total R&D expenditures 2009 (billion €) Strong commitment to R&D
R&D investments:
3.5% of sales*
Chemicals Corporate Research
9% 23%
More than 9,300 employees
involved in R&D
Plastics
9%
Around 1,900 partnerships with
24% Other
€1.4 universities, startup companies
Performance 2% and industry partners
Products billion
1% Five Growth Clusters:
20%
- Nanotechnology
Functional Agricultural - Energy Management
Solutions Solutions
- Plant Biotechnology
12% 25% - Industrial Biotechnology
- Raw Material Change
Budget for Growth Clusters
(2009-2011): up to €1 billion
R&D spending in 2010 planned on similar level * Excluding Oil & Gas
BASF Capital Market Story November 2010 21

22. 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
BASF Capital Market Story November 2010 22

23. Innovation pipeline worth €19 billion
Net present value by segments (billion €) R&D contributes significantly
to earnings growth
20 €19 billion Net Present Value (NPV)
4% Chemicals represents discounted earnings
7% Plastics
after tax from R&D projects
15 17% Performance Products after deduction of R&D
9% Functional Solutions expenditures
10 Major contribution from
Agricultural Solutions and
45% Agricultural Solutions
Performance Products
5 History of high success rate
3% Oil & Gas due to consequent R&D
15% Corporate Research controlling and Phasegate
0 3.5
4.5 process, including life cycle
management
* New or improved products or new applications,
max. 5 years on market, including Growth Clusters
BASF Capital Market Story November 2010 23

24. 1 | Focus on operational excellence
Costs
2 | Well positioned for profitable growth
Earnings
3 | Outlook
Earnings
24

25. Assumptions 2010
GDP 3% - 4%
Chemicals (excl. Pharma) 7% - 8%
Industrial production 7% - 8%
US$ / EURO 1.30
Oil price (US$ / bbl) 75
BASF Capital Market Story November 2010 25

26. 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.
BASF Capital Market Story November 2010 26

27. 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.
BASF Capital Market Story November 2010 27

28. BASF Capital Market Story November 2010 28

29. BASF today – a well-balanced portfolio
Total sales 2009: €50.7 billion
Percentage of sales 2009
Chemicals Plastics* Performance Functional Agricultural Oil & Gas
Products Solutions Solutions
15% 14% 18% 14% 7% 22%
Inorganics Performance Dispersions & Catalysts Crop Exploration &
Polymers Pigments Protection Production
and
Petrochemicals Polyurethanes Care Construction Natural Gas
Chemicals Chemicals Trading
Intermediates Paper Coatings
Chemicals
Performance
Chemicals
* Styrenics reported under ‘Other’
BASF Capital Market Story November 2010 29

30. Delivering consistent, long-term value
Long-term performance January 2001 – September 2010 Committed to
(average annual performance with dividends reinvested) shareholder value
BASF total return well above
benchmark levels
11.3% BASF
Average annual dividend
increase of 12.8%
(2001-2009)
-3.0% Euro Stoxx 50
Attractive dividend yield of
3.9% in 2009, based on share
price at year-end
-0.3% DAX 30
Aim to increase dividend each
year, or at least maintain it at
5.7% MSCI World Chemicals the previous year‘s level
-5 0 5 10 15
BASF Capital Market Story November 2010 30

31. 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%
BASF Capital Market Story November 2010 31

32. Plastics
Earnings up 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%
BASF Capital Market Story November 2010 32

33. 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%
BASF Capital Market Story November 2010 * Reduction in EBIT before special items due to one-time charges 33

34. 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%
BASF Capital Market Story November 2010 34

35. 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%
BASF Capital Market Story November 2010 35

36. 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%
BASF Capital Market Story November 2010 36

37. Ciba integration: synergies exceed targets
Structural integration of Ciba completed
Expected synergy run rate (million €) Impact of Ciba acquisition
Integration costs
500 >450 2009: €785 million
450
Synergy 2010: ~€170 million
400 Target 2011/2012: ~€100 million
350
Net reduction of positions
300
- Target: 3,800
- Status Q3 2010: >2,400
200
130
100 Ciba non-production sites
- To be consolidated: 58
0 - Status Q3 2010: 47 exited
2009 2010 2011/2012 Steady 23 Ciba production sites
State under strategic review
Synergy run rate - Planned exit: 15*
Effective in 2009 (thereof 11 implemented)
* On two sites exit of production activities only
BASF Capital Market Story November 2010 37