Charts accompanying the 3Q2013 Conference Call for investors and analysts on October 25, 2013 More at http://on.basf.com/15Levcr

1. Third
Quarter 2014
Financial highlights
October 24, 2014
BASF with higher sales and earnings
despite declining demand

2. 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.
BASF Q3 2014 Analyst Conference Call October 24, 2014 2

3. Q3 2014: BASF with higher sales and earnings despite declining demand
Sales development
Period
Volumes
Prices
Portfolio
Currencies
Q3’14 vs. Q3’13
7%
(4%)
0%
0%

3

Business performance
Q3’14
vs. Q3’13
Q1-Q3’14
vs. Q1-Q3’13

Sales
€18.3 billion
+3%
€56.3 billion
+1%

EBITDA
€2.5 billion
+1%
€8.2 billion
+4%

EBIT before special items
€1.8 billion
+9%
€6.0 billion
+5%

EBIT
€1.8 billion
+8%
€6.1 billion
+8%

Net income
€1.0 billion
(5%)
€3.8 billion
+3%

Reported EPS
€1.14
(5%)
€4.16
+3%

Adjusted EPS
€1.27
(1%)
€4.45
+2%
BASF Q3 2014 Analyst Conference Call October 24, 2014

4. Sales analysis: BASF without Oil & Gas Chemical business: no volume growth, stable prices
7%
-4%
0%
0%
0%
1%
-1%
0%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
Factors influencing sales in Q3 2014 vs. Q3 2013
Price
Currency
Portfolio
Volume
BASF Group:
Sales: +3%
BASF Group w/o Oil & Gas: Sales: 0%
BASF Q3 2014 Analyst Conference Call October 24, 2014 4

5. BASF Q3 2014 Analyst Conference Call October 24, 2014
Recent transaction with Statoil

Acquisition of participations in oil & gas fields in Norway

Purchase price amounts to US$1.25 billion

Increase of production to ~60,000 boepd in Norway

Additional reserves and resources of ~170 million boe
Restructuring of
Performance Products
Strengthening of R&D platforms
Important corporate developments
5

BASF to sell textile chemicals business to Archroma

Paper Chemicals division to be dissolved, product lines moved to other divisions

Strategic options for parts of kaolin business in evaluation

Total earnings improvement of ~€500 million by 2017

Future set up of global research platforms:
-
Process Research & Chemical Engineering, led out of Europe
-
Bioscience Research, led out of North America (from 2015)
-
Advanced Materials & Systems Research, led out of Asia (from 2016)

6. Chemicals Earnings growth despite flat volumes
Intermediates 701 0%
Monomers 1,587
(1%)
Petrochemicals 1,913
(1%)
€4,201 (1%)
Q3’14 segment sales (million €) vs. Q3’13
Sales development
Period
Volumes
Prices
Portfolio
Currencies
Q3’14 vs. Q3’13
0%
(1%)
0%
0%

6
EBIT before special items (million €)
5275106015706160200400600800Q3Q4Q1Q2Q3
2014
2013
BASF Q3 2014 Analyst Conference Call October 24, 2014

7. Performance Products Sales and earnings stability during restructuring
Performance Chemicals 847 +3%
Care Chemicals 1,203 0%
€3,919 (1%)
Paper Chemicals 344 (6%)
Q3’14 segment sales (million €) vs. Q3’13
Nutrition & Health 522
(3%)
Dispersions & Pigments 1,003
0%
EBIT before special items (million €)
Sales development
Period
Volumes
Prices
Portfolio
Currencies
Q3’14 vs. Q3’13
0%
0%
0%
(1%)

3762164274353760200400600Q3Q4Q1Q2Q3
7
2014
2013
BASF Q3 2014 Analyst Conference Call October 24, 2014

8. Functional Materials & Solutions Continued robust demand from automotive
Catalysts 1,572
+7%
Construction Chemicals 565 (2%)
Coatings 736 +1%
€4,527+2%
Q3’14 segment sales (million €) vs. Q3’13
Sales development
Period
Volumes
Prices
Portfolio
Currencies
Q3’14 vs. Q3’13
1%
2%
0%
(1%)

Performance Materials 1,654 (1%)

3002383113563100200400Q3Q4Q1Q2Q3

8
EBIT before special items (million €)
2014
2013
BASF Q3 2014 Analyst Conference Call October 24, 2014

9. Agricultural Solutions Strong earnings decline in seasonally slow quarter
BASF Q3 2014 Analyst Conference Call October 24, 2014 9
Q3’14 segment sales (million €) vs. Q3’13
Sales development
Period
Volumes
Prices
Portfolio
Currencies
Q3’14 vs. Q3’13
(4%)
2%
0%
(1%)


0100200Q3Q303006009001,200Q3Q3
1,018
(3%)
43
(75%)
172
1,054
EBIT before special items (million €)
2014
2013
2014
2013


10. 62451* 1942650100200300400500Q3/2013Net IncomeQ3/2014Net Income
Oil & Gas Considerably higher sales and earnings
Exploration & Production 611 (19%)
Natural Gas Trading 3,059 +29%
€3,670 +17%
Q3’14 segment sales (million €) vs. Q3’13
EBIT bSI/Net income (million €)
Natural Gas Trading
Exploration & Production
Net income
Sales development
Period
Volumes
Prices/Currencies
Portfolio
Q3’14 vs. Q3’13
43%
(26%)
0%

422
360
310
504
10

BASF Q3 2014 Analyst Conference Call October 24, 2014
* Incl. one-time disposal gain of 164 million euros from the divestment of a 15% stake in Edvard Grieg field

11. Review of “Other”
Million €
Q3’14
Q3’13
Sales
977
947
EBIT before special items
(7)
(105)
Thereof Corporate research
Group corporate costs
Currency result, hedges and other
valuation effects
Other business
(96)
(53)
100
23
(90)
(57)
(74)
59
Special items
(20)
(24)
EBIT
(27)
(129)
BASF Q3 2014 Analyst Conference Call October 24, 2014 11

12. Cash Flow Solid cash flow in Q1-Q3 2014
Million €
Q1-Q3’14
Q1-Q3’13
Cash provided by operating activities
4,765
5,982
Thereof Changes in net working capital Miscellaneous items
(739)
(425)
374 (327)
Cash provided by investing activities
(3,625)
(4,629)
thereof Payments related to tangible / intangible assets
(3,426)
(3,038)
Acquisitions / divestitures
355
(1,093)
Cash used in financing activities
(995)
(1,300)
thereof Changes in financial liabilities
Dividends
1,661
(2,656)
1,304 (2,604)
BASF Q3 2014 Analyst Conference Call October 24, 2014 12

13. 
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 autumn 2014 and negative currency effects.

Despite the challenging environment, we strive for a slight increase in EBIT before special items.
Outlook 2014

GDP: 2.3% (previous: 2.5%)

Industrial production: 3.4% (previous: 3.7%)

Chemical production: 4.0% (previous: 4.4%)

US$ / Euro: 1.35 (unchanged)

Oil price (US$ / bbl): 105 (previous: 110)
Assumptions 2014
Outlook 2014
BASF Q3 2014 Analyst Conference Call October 24, 2014 13

14. Update on key assumptions of the “We create chemistry” strategy
Growth 2010 – 2015
(today‘s view)
Global GDP
2.6% p.a.
Chemical production (excl. pharma)
4.0% p.a.
Industrial production
3.4% p.a.
Growth 2010 – 2015 (‘We create chemistry’ *)
3.4% p.a.
4.9% p.a.
4.6% p.a.
* Rebased figures, new base year 2010
BASF Q3 2014 Analyst Conference Call October 24, 2014 14

15. BASF Q3 2014 Analyst Conference Call October 24, 2014
EBITDA / EBITDA impact (billion €)
Lower market growth and lower margins
adversely impact 2015 EBITDA expectation
15

16. 16
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