1. BASF with good earnings in Q3
Third Quarter 2011
Financial highlights
October 27, 2011
BASF 3rd Quarter 2011 Analyst Conference Call 1

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.
BASF 3rd Quarter 2011 Analyst Conference Call 2

3. BASF with good earnings in Q3
Third quarter 2011 highlights
Business performance Q3’11 vs. Q3’10
Sales €17.6 billion +12%
EBITDA €2.7 billion (8%)
EBITDA margin 15.4% 18.6%
EBIT before special items (bSI) €2.0 billion (11%)
EBIT bSI adjusted for non-comp. oil taxes €2.0 billion (1%)
EBIT €1.9 billion (13%)
Net income €1.2 billion (4%)
EPS €1.30 (4%)
Adjusted EPS €1.52 0%
Further sales growth in chemical activities mainly due to successful price increases
Acquired Cognis business continues to perform strongly; synergy targets increased
Agricultural Solutions on track for record year in sales and earnings
EBIT before special items amounted to €2 billion. Adjusted for Libya, which contributed €355
million in last year’s quarter, EBIT before special items increased by 6% compared to Q3 2010.
BASF 3rd Quarter 2011 Analyst Conference Call 3

4. Major milestones in our active portfolio
management achieved
Styrolution JV set on track Divestiture of fertilizer activities
Styrolution, 50-50 joint venture between Agreement with EuroChem signed to
BASF and INEOS, established on sell BASF‘s fertilizer assets in Antwerp
October 1, 2011 BASF also plans to sell its 50%-stake in
With pro-forma sales of €6.4 billion in PEC-Rhin JV to EuroChem
2010* Styrolution is global market leader Total transaction value ~€700 million
in its industry
Closing expected by the end of Q1 2012
BASF received ~€600 million in October
as compensation for its contributed
business
BASF 3rd Quarter 2011 Analyst Conference Call * unaudited 4

5. Important investments to spur further
profitable growth
Nanjing expansion on track Acrylic acid complex in Brazil
Joint investment of USD1.4 billion with World-scale acrylic acid and SAP*
Sinopec for first expansion phase of production complex (Camaçari, Bahia)
Nanjing Verbund site With more than €500 million BASF‘s
Steam cracker expansion, butadiene largest investment in South America
extraction, non-ionic surfactants plants Raw material and utilities supply secured
are now on-stream via long-term contracts with Braskem
Majority of remaining plants expected to Construction will begin in Q4;
come on stream around end of 2011 start-up planned for 2014
BASF 3rd Quarter 2011 Analyst Conference Call * Superabsorbent polymers 5

6. Innovations for the mobility of tomorrow
smart forvision –
joint concept car by Daimler and BASF
Presented at the International Motor Show in Frankfurt
in September 2011
BASF solutions are based on three main technology
platforms:
1. Electrical energy efficiency
- OPVs, OLEDs* support range extension
2. Multifunctional lightweight construction
- Composite body parts, wheel rims and car seats
3. Integrated temperature management
- Cool pigment coating, temperature reflecting foil
* OPVs = Organic Photovoltaics, OLEDs = Organic Light Emitting Diodes
Chemical solutions by BASF are playing a key role
in bringing electromobility quicker to the roads
BASF 3rd Quarter 2011 Analyst Conference Call 6

7. Outlook 2011 confirmed
Outlook 2011
We expect to generate significantly higher sales
We aim to significantly exceed the 2010 EBIT before special items
adjusted for non-compensable oil taxes (2010: €7.2 billion)
We will earn a high premium on our cost of capital
Medium-term targets
We aim to grow sales on average by two percentage points per year
faster than chemical production growth
We strive to grow our earnings further year by year,
and to achieve an EBITDA margin of 18% by 2012
Dividend policy
We aim to continuously increase the annual dividend, or at least maintain it at the level of the
previous year.
BASF 3rd Quarter 2011 Analyst Conference Call 7

8. Chemicals
Significant sales growth driven by strong price increases
Q3’11 segment sales (million €) vs. Q3’10 EBIT before special items (million €)
Intermediates Inorganics 800 765
671 356 674
617 621
+4% +11% 537
600
€3,168 400
+10%
200
Petrochemicals
2,141 0
+12% Q3 Q4 Q1 Q2 Q3
2010 2011
Sales development
Period Volumes Prices Portfolio Currencies
Q3’11 vs. Q3’10 (3)% 18% 0% (5)%
BASF 3rd Quarter 2011 Analyst Conference Call 8

9. Plastics
Sales up mainly due to a strong Performance Polymers business
Q3’11 segment sales (million €) vs. Q3’10 EBIT before special items (million €)
Polyurethanes 400 371 393 383
1,480 317
+2% 285
€2,801 200
+8%
Performance
Polymers
0
1,321
+16% Q3 Q4 Q1 Q2 Q3
2010 2011
Sales development
Period Volumes Prices Portfolio Currencies
Q3’11 vs. Q3’10 2% 10% 0% (4)%
BASF 3rd Quarter 2011 Analyst Conference Call 9

10. Performance Products
Strong contributions from acquired Cognis businesses
Q3’11 segment sales (million €) vs. Q3’10 EBIT before special items (million €)
Care Chemicals Performance 600 554
513
1,265 Chemicals 500 440
+85% 904
400 370
+9%
Nutrition €3,991 300
294
& Health +24% 200
471
+32% Dispersions 100
Paper Chemicals & Pigments 0
423 928 Q3 Q4 Q1 Q2 Q3
-6% +5% 2010 2011
Sales development
Period Volumes Prices Portfolio Currencies
Q3’11 vs. Q3’10 (2%) 7% 23% (4)%
BASF 3rd Quarter 2011 Analyst Conference Call 10

11. Cognis integration –
Synergy target increased to €290 million
Target
Acquisition EPS accretive as of 2012
Integration Costs
€300 million one-time costs until end of 2013
− thereof €200 million incurred by the end of Q3 2011
€120 million inventory step-up fully incurred already
− €60 million each incurred in Q4 2010 and Q1 2011
Synergies
€290 million of additional annual EBIT targeted
− €145 million cost synergies by the end of 2013
− €145 million growth synergies by the end of 2015
BASF 3rd Quarter 2011 Analyst Conference Call 11

12. Functional Solutions
Strong performance of Catalysts
Q3’11 segment sales (million €) vs. Q3’10 EBIT before special items (million €)
Catalysts Construction 158 167 162
1,608 Chemicals 150 142
+19% 599
0%
€2,907 100
+12%
50 33
Coatings
700 0
+9% Q3 Q4 Q1 Q2 Q3
2010 2011
Sales development
Period Volumes Prices Portfolio Currencies
Q3’11 vs. Q3’10 4% 11% 3% (6)%
BASF 3rd Quarter 2011 Analyst Conference Call 12

13. Agricultural Solutions
On track for record year in sales and earnings
Q3’11 segment sales (million €) vs. Q3’10 EBIT before special items (million €)
1.000 908 150
832 +9 %
800
95
100
600 +44%
66
400
50
200
0 0
Q3 Q3 Q3 Q3
2010 2011 2010 2011
Sales development
Period Volumes Prices Portfolio Currencies
Q3’11 vs. Q3’10 12% 3% 0% (6)%
BASF 3rd Quarter 2011 Analyst Conference Call 13

14. Oil & Gas
EBIT before SI on last year’s level (adjusted for non-compensable oil taxes)
Q3’11 segment sales (million €) vs. Q3’10 EBIT before special items/ Net income (million €)
Exploration &
Production 573
600
534 Non-compensable
-39% oil taxes 224
€2,195 400 350
-1% 503
227
200
Natural Gas 272 225
Trading 123
70
1,661 0
+23% Q3 Q3
2010 2011
EBIT bSI Exploration & Production Net income
EBIT bSI Natural Gas Trading
Sales development
Period Volumes Prices/Currencies Portfolio
Q3’11 vs. Q3’10 (25)% 24% 0%
BASF 3rd Quarter 2011 Analyst Conference Call 14

15. Review of “Other”
Million € Q3 2011 Q3 2010
Sales 1,637 1,452
thereof Styrenics* 739 683
EBIT before special items (21) 58
thereof Corporate research (86) (67)
Group corporate costs (58) (54)
Currency results, hedges and other 104 104
valuation effects
Styrenics, fertilizers, other businesses 82 77
Special items (33) (68)
EBIT (54) (10)
* Since January 1, 2011, Styrenics only includes the carved-out Styrenics businesses;
the previous year’s values were adjusted accordingly.
BASF 3rd Quarter 2011 Analyst Conference Call 15

16. Operating cash flow remains strong
Jan - Sep Jan - Sep
Million €
2011 2010
Cash provided by operating activities 5,028 5,307
thereof Changes in net working capital (1,337) (783)
Cash used in investing activities (957) (1,175)
thereof Payments related to tangible / intangible assets (2,101) (1,518)
Cash used in financing activities (4,105) (3,814)
thereof Changes in financial liabilities (1,727) (2,003)
Dividends (2,378) (1,811)
Third quarter 2011
Operating cash flow strong at €2.0 billion
Free cash flow again high at €1.2 billion
Net debt further reduced by ~€650 million to €11.6 billion since end of Q2 2011
BASF 3rd Quarter 2011 Analyst Conference Call 16

17. BASF 3rd Quarter 2011 Analyst Conference Call 17

18. Macro-economic assumptions 2011
Previous forecast New forecast
GDP 3%-4% 2.5%-3%
Chemical production 5%-6% 4.5%-5%
(excl. Pharma)
Industrial production 5%-6% 4.5%-5%
US$ / Euro 1.40 1.40
Oil price (US$ / bbl) 110 110
BASF 3rd Quarter 2011 Analyst Conference Call

19. Financial highlights
Million € Q3 2011 Q3 2010 Δ% Q2 2011 Δ%
Sales 17,607 15,781 +12% 18,461 (5)%
changes due to
- volumes (3)%
- prices +14%
- portfolio +5%
- currencies (4)%
EBITDA 2,709 2,934 (8)% 3,015 (10)%
EBIT before special items 1,964 2,213 (11)% 2,237 (12)%
EBIT before special items 1,964 1,989 (1)% 2,237 (12)%
adjusted for non-compensable oil taxes
Special items (82) (58) - (20) -
EBIT 1,882 2,155 (13)% 2,217 (15)%
Net income 1,192 1,245 (4)% 1,454 (18)%
EPS (€) 1.30 1.35 (4)% 1.59 (18)%
Adjusted EPS (€) 1.52 1.52 0% 1.75 (13)%
BASF 3rd Quarter 2011 Analyst Conference Call 19

20. Cognis integration
Generating €290 million of growth and cost synergies
Synergies (million €) Growth synergies
Providing joint customer base
with access to broader portfolio
350
Increasing solution capabilities
300 Extending innovation capabilities
250 Leveraging regional set-up
145
200
Cost synergies
150 Realizing procurement cost
100 savings
145 Consolidating of administrative
50 structures
0 Improving production efficiency
Consolidating IT landscape
Cost synergies (by the end of 2013)
Growth synergies (by the end of 2015)
BASF 3rd Quarter 2011 Analyst Conference Call