BASF reported financial results for Q2 2016. Earnings were considerably higher in the chemicals business but significantly below the prior year in Oil & Gas. Key highlights included higher earnings in Performance Products driven by lower costs and volumes. Agricultural Solutions saw decreased sales and earnings due to lower volumes and currency effects. Oil & Gas had significantly lower sales and earnings. BASF confirmed its full-year 2016 outlook of sales considerably below the prior year and EBIT before special items slightly below 2015 levels.

1. 150 years
BASF: Considerably higher earnings in
chemicals business, Oil & Gas
significantly below prior-year quarter
Analyst Conference Call
Q2 2016
July 27, 2016

2. 150 years
BASF Q2 2016 Analyst Conference Call, July 27, 2016 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.

3. 150 years
BASF Q2 2016 Analyst Conference Call, July 27, 2016 3
 
Financial figures Q2 2016 Q2 2015 Change
Sales €14.5 billion €19.1 billion (24%)
EBITDA €2.8 billion €3.0 billion (7%)
EBIT before special items €1.7 billion €2.0 billion (16%)
EBIT €1.7 billion €2.0 billion (16%)
Net income €1.1 billion €1.3 billion (14%)
Reported EPS €1.19 €1.38 (14%)
Adjusted EPS €1.30 €1.49 (13%)
Operating cash flow €2.3 billion €2.8 billion (17%)
Sales development Volumes Prices Portfolio Currencies
Q2 2016 vs. Q2 2015 2% (7%) (16%) (3%) 
Q2 2016: Financial figures for BASF Group

4. 150 years
BASF Q2 2016 Analyst Conference Call, July 27, 2016 4
Milestones in Q2 2016
Startup of a
specialty amines plant
in Nanjing, China
Agreement to acquire
global surface treatment
provider Chemetall
Completion of the
polyolefin catalysts
divestiture
Startup of a
PolyTHF® plant
in Korla, China

5. 150 years
BASF Q2 2016 Analyst Conference Call, July 27, 2016 5
Chemicals
Higher volumes, but continuing margin pressure
Intermediates
680
(8%)
Monomers
1,371
(13%)
Petrochemicals
1,322
(20%)
€3,373
(15%)
EBIT before special items
million €
548
633
249
465 467
0
200
400
600
800
Q2 Q3 Q4 Q1 Q2

Sales development Volumes Prices Portfolio Currencies
Q2 2016 vs. Q2 2015 4% (17%) 0% (2%)
20162015
Sales Q2 2016 vs. Q2 2015
million €
 

6. 150 years
BASF Q2 2016 Analyst Conference Call, July 27, 2016 6
Performance
Chemicals
958
(10%)
Care
Chemicals
1,178
(3%)
€3,846
(6%)Nutrition
& Health
497
(11%)
Dispersions
& Pigments
1,213
(3%)
304 319
228
547
503
0
200
400
600
Q2 Q3 Q4 Q1 Q2

Sales development Volumes Prices Portfolio Currencies
Q2 2016 vs. Q2 2015 2% (3%) (3%) (2%)
EBIT before special items
million €
20162015
Sales Q2 2016 vs. Q2 2015
million €
 
Performance Products
Significant increase in earnings driven by lower fixed costs,
improved margins and higher volumes

7. 150 years
BASF Q2 2016 Analyst Conference Call, July 27, 2016 7
Functional Materials & Solutions
Considerable earnings increase supported by all divisions
Catalysts
1,508
(11%)
Coatings
800
(2%)
€4,703
(4%)
Performance
Materials
1,766
(1%)
458
371 389
456
535
0
200
400
600
Q2 Q3 Q4 Q1 Q2
Construction
Chemicals
629
+1%
EBIT before special items
million €

Sales development Volumes Prices Portfolio Currencies
Q2 2016 vs. Q2 2015 5% (6%) 0% (3%)
20162015
Sales Q2 2016 vs. Q2 2015
million €
 

8. 150 years
BASF Q2 2016 Analyst Conference Call, July 27, 2016 8
Agricultural Solutions
Decrease in sales and earnings due to lower volumes and
currency headwinds

1,678
1,459
3,576
3,239
0
1,000
2,000
3,000
4,000
Q2 2015 Q2 2016 H1 2015 H1 2016
(9%)
365
320
939 911
0
200
400
600
800
1,000
Q2 2015 Q2 2016 H1 2015 H1 2016
(12%)
Sales
Q2 2016 vs. Q2 2015/H1 2016 vs. H1 2015
million €
EBIT before special items
Q2 2016 vs. Q2 2015/H1 2016 vs. H1 2015
million €
(13%)
Sales development Volumes Prices Portfolio Currencies
Q2 2016 vs. Q2 2015 (8%) 1% 0% (6%)
(3%)
 

9. 150 years
BASF Q2 2016 Analyst Conference Call, July 27, 2016 9
Oil & Gas
Significantly lower sales and earnings
Natural Gas Trading
Exploration & Production
Net income
Sales development Volumes Prices/Currencies Portfolio
Q2 2016 vs. Q2 2015 2% (3%) (82%)

143
288
94
250
100
0
200
400
600
Q2 2015 Q2 2015 Q2 2016 Q2 2016
EBIT before special items, net income
million €
Sales Q2 2016 vs. Q2 2015
million €
431
2,964
617
704
0
1,000
2,000
3,000
4,000
5,000
Q2 Q2
20162015
Sales
million €
(83%)
3,668

704
Natural Gas Trading
Exploration & Production

10. 150 years
BASF Q2 2016 Analyst Conference Call, July 27, 2016 10
Review of “Other”
million € Q2 2016 Q2 2015
Sales 485 757
EBIT before special items (212) (63)
Thereof Corporate research costs (88) (102)
Costs of corporate headquarters (56) (64)
Foreign currency results, hedging and
other measurement effects
(116) 151
Other businesses 33 30
Special items 65 (20)
EBIT (147) (83)

11. 150 years
BASF Q2 2016 Analyst Conference Call, July 27, 2016 11
Cash flow in 1st half 2016
million € H1 2016 H1 2015
Cash provided by operating activities 3,339 5,143
Thereof changes in net working capital (1,045) 877
miscellaneous items (122) (32)
Cash used in investing activities (1,988) (3,331)
Thereof payments related to tangible/intangible assets (1,979) (2,845)
acquisitions/divestitures 51 (15)
Cash used in financing activities (1,814) (1,033)
Thereof changes in financial liabilities 944 1,723
dividends (2,768) (2,803)

12. 150 years
BASF Q2 2016 Analyst Conference Call, July 27, 2016 12
Strong balance sheet
 Total assets increased by
€1.3 billion on higher trade
accounts receivable and
deferred taxes
 Inventories were stable at
€9.7 billion
 Provisions for pension
obligations increased by
€3.3 billion
 Net debt at €14.1 billion
 Equity ratio: 40%
24.1 27.3
15.2
15.9
31.5
29.0
Dec 31,
2015
June 30,
2016
2.2 1.8
3.1 3.6
9.5 10.6
9.7 9.7
46.3 46.5
Dec 31,
2015
June 30,
2016
Liquid funds
Accounts
receivable
Long-term
assets
Inventories
Other assets
70.8 72.2 70.8 72.2
Other
liabilities
Financial
debt
Equity
Balance sheet June 30, 2016 vs. December 31, 2015
billion €

13. 150 years
BASF Q2 2016 Analyst Conference Call, July 27, 2016 13
Outlook 2016 for BASF Group confirmed
Outlook 2016
 Sales will be considerably below prior year due to the divestiture of the natural gas trading
and storage activities and the lower oil and gas prices.
 We expect EBIT before special items to be slightly below the previous year level due to
significantly lower earnings in Oil & Gas.
Assumptions 2016
 GDP growth: +2.3%
 Growth in industrial production: +2.0%
 Growth in chemical production (excl. pharma): +3.4%
 Exchange rate: $1.10 per euro
 Oil price (Brent): $40 per barrel

14. 150 years
BASF Q2 2016 Analyst Conference Call, July 27, 2016 14