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Q4/FY’2012 Analyst Conference
Ludwigshafen, February 26, 2013
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 4Q/FY’2012 Analyst Conference__February 26, 2013                                           2
BASF increased sales and earnings

Business performance                                         Q4’12            vs. Q4’11        FY’12        vs. FY’11

   Sales                                                  €19.6 billion             +9%    €78.7 billion       +7%
   EBITDA                                                   €2.7 billion            (8%)   €12.5 billion       +4%
   EBIT before special items                                €1.8 billion            +18%    €8.9 billion       +5%
   EBIT                                                     €1.6 billion        (16%)       €9.0 billion       +5%
   Net income                                               €1.0 billion        (13%)       €4.9 billion     (21%)
   Reported EPS                                             €1.06               (14%)       €5.31            (21%)
   Adjusted EPS                                             €1.35                   +29%    €5.71             (9%)
   Operating cash flow                                      €1.6 billion        (24%)       €6.7 billion      (5%)

Sales development
Period                                                  Volumes             Prices          Portfolio       Currencies
Q4’12 vs. Q4’11                                           6%                1%                 0%            2%
FY’12 vs. FY’11                                           3%                1%             
                                                                                                 (1%)          4%

BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                                                    3
Ongoing portfolio development
Upstream                                                                     Downstream




                                                 Transaction with Statoil                 Becker Underwood




                                                        Gazprom asset swap                Pronova BioPharma
BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                                         4
Strong commitment to R&D
R&D expenditures                                                             Key facts
(billion €)
                                                                              €1.7 billion R&D expenditures
      2.0                                                                      in 2012
                                                                      1.7     Increase of R&D spending
                                                               1.6             planned for 2013
                                                        1.5
      1.5              1.4                1.4
                                                                              ~10,500 employees in R&D
                                                                              ~3,000 projects
      1.0
                                                                              Research Verbund:
                                                                               About 1,950 partnerships
                                                                               with universities, start-ups
      0.5                                                                      and industry partners
                                                                              Target 2020:
      0.0                                                                      €30 billion in sales from
                     2008               2009            2010   2011   2012     innovations younger than
                                                                               10 years

BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                                          5
Innovation example:
BOOST™ cushioning material
                                                                        Key facts
                                                                         Joint development with adidas,
                                                                          illustrating our customer focus
                                                                         Revolutionary cushioning
                                                                          technology that provides
                                                                          highest energy return in the
                                                                          running industry
                                                                         Solid granular material (TPU)
                                                                          is literally blown up and turned
                                                                          into thousands of small energy
                                                                          capsules
                                                                         With their unique cell structure,
                                                                          these energy capsules store
                                                                          and unleash energy more
                                                                          efficiently in every stride

                                                        Photo: adidas
BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                                         6
Attractive shareholder return
Dividend per share (€)                                                                           Key facts
                                                                                                  Dividend proposal of €2.60 per
                                                                                                   share (+4%)
                                                                                     Proposal:
  3.0
 3.00
                                                                                                  Average annual dividend
                                                                                  2.50 2.60
  2.5
 2.50                                                                                              increase of 15.7%
                                                                           2.20
                                                        1.95 1.95                                  (2003-2012)
  2.0
 2.00
                                                                    1.70
                                             1.50                                                 Attractive dividend yield of
  1.5
 1.50
                                                                                                   3.7% in 2012**
                                  1.00
  1.0
 1.00                  0.85
             0.70                                                                                 Dividend yield above 3% in any
  0.5
 0.50                                                                                              given year since 2003
  0.0
            2003                            2006                    2009               2012


Yield*       3.1% 3.2% 3.1% 4.1% 3.8% 7.0% 3.9% 3.7% 4.6% 3.7%

 * Dividend yield based on share price at year-end
                                                                                                 ** Based on BASF share price of €71.15 on
                                                                                                    Dec 28, 2012
BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                                                                        7
Delivering consistent, long-term value
Average annual performance
with dividends reinvested

                                                                           Last 10 years                        Last 5 years
                                                                    January 2003 – December 2012          January 2008 – December 2012


                                                                                       +19.1%      BASF             +11.8%


              +4.0%            Euro Stoxx 50                                                                        (6.5%)



                                                        +10.2%    DAX 30                                            (1.2%)



                                                         +10.6%    MSCI World Chemicals                             +1.6%


0                                5                           10                15                  20



BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                                                                8
Outlook 2013
Expectations for the global economy
                                                        2012   Forecast 2013


GDP                                                     2.2%       2.4%


Chemicals (excl. pharma)                                2.6%       3.6%


Industrial production                                   2.4%       3.4%


US$ / Euro                                              1.28       1.30


Oil price: Brent (US$ / bbl)                            112        110
BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                          9
Outlook 2013 by region
Chemical production (excl. pharma)
                                                         2012    Forecast 2013

World                                                   2.6%         3.6%

EU-27                                                   (1.4%)       0.3%

USA                                                     2.5%         1.9%

Asia (excl. Japan)                                      7.7%         8.1%

Japan                                                   (4.5%)      (0.6%)

South America                                           1.9%         3.7%
BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                            10
Outlook BASF Group 2013*
 Excluding the effects of acquisitions and divestitures, we strive to increase
    our sales volumes in 2013.
 We want to exceed the 2012 levels in sales and EBIT before special
    items.
 The expected increase in demand, together with our measures to improve
    operational excellence and raise efficiency, will contribute to this.
 We aim to earn a high premium on cost of capital once again in 2013.




  * In our forecast, we have applied the previous consolidation method in order to ensure comparability with the prior year. Changes due to
    IFRS 10 and 11 are not considered yet. However, the qualitative statements made in our forecast remain valid.
BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                                                                         11
Chemicals
Lower margins and plant shutdowns

Q4’12 segment sales (million €) vs. Q4’11                                       EBIT before special items (million €)

Intermediates                                                  Inorganics       600
                                                                                                                    2,441
697                                                                   470
+10%                                                                +32%                                    2,000             1,717
                                                                                        381
                                                                                400              355
                                €3,436
                                +10%                                            200
                                                                                                            1,000


                                                         Petrochemicals
                                                                  2,269           0                            0
                                                                   +6%                 Q4 '11   Q4 '12              FY '11    FY '12




Sales development
Period                                                  Volumes             Prices              Portfolio           Currencies
Q4’12 vs. Q4’11                                          2%                 3%                 3%                    2%

FY’12 vs. FY’11
                                                        
                                                            (3%)
                                                                            
                                                                                (2%)             8%                    4%

BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                                                                  12
Plastics
Polyurethanes drive earnings

Q4’12 segment sales (million €) vs. Q4’11                                    EBIT before special items (million €)

Polyurethanes                                                                300
                                                                                                                  1,203
1,648                                                                                                     1,200
+18%
                                                                             200               180                           873
                                €2,877                                                                     800
                                                                                      110
                                +12%                                         100
                                                                                                           400
                                                             Performance
                                                                Polymers
                                                                               0                             0
                                                                    1,229
                                                                                     Q4 '11   Q4 '12              FY '11    FY '12
                                                                     +4%



Sales development
Period                                                  Volumes             Prices            Portfolio           Currencies
Q4’12 vs. Q4’11                                          4%                 5%                0%                    3%

FY’12 vs. FY’11
                                                        
                                                            (3%)             2%               1%                    4%

BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                                                                13
Performance Products
Lower margins and higher fixed costs impact earnings

Q4’12 segment sales (million €) vs. Q4’11                                       EBIT before special items (million €)

Care Chemicals                                                                  300                         2,000
                                                             Performance                                            1,727
1,204
                                                               Chemicals                220                                   1,428
+2%                                                                                                         1,500
                                                                      867       200              183
Nutrition                       €3,735                               +5%                                    1,000
& Health
482                              +3%                                            100
+9%                                                                                                          500

Paper Chemicals                                              Dispersions          0                            0
387                                                          & Pigments                Q4 '11   Q4 '12              FY '11    FY '12
(1%)                                                                 795
                                                                    +0%

Sales development
Period                                                  Volumes             Prices              Portfolio           Currencies
Q4’12 vs. Q4’11                                          4%                
                                                                                (2%)
                                                                                                
                                                                                                    (1%)                2%

FY’12 vs. FY’11
                                                        
                                                            (2%)                0%                  0%                  3%

BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                                                                  14
Functional Solutions
Strong automotive demand drives earnings

Q4’12 segment sales (million €) vs. Q4’11                                         EBIT before special items (million €)

Catalysts                                                    Construction         150              141        600    559       561
1,488                                                          Chemicals
(7%)                                                                  558         120
                                                                     +4%                  88                  400
                                €2,794                                             90

                                 (3%)                                              60
                                                                                                              200
                                                                                   30
                                                                   Coatings
                                                                        748         0                           0
                                                                       +1%               Q4 '11   Q4 '12            FY '11    FY '12




Sales development
Period                                                  Volumes               Prices              Portfolio         Currencies
Q4’12 vs. Q4’11
                                                        
                                                            (5%)
                                                                              
                                                                                  (1%)             2%                  1%

FY’12 vs. FY’11
                                                        
                                                            (3%)
                                                                              
                                                                                  (2%)             2%                 4%

BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                                                                  15
Agricultural Solutions
Record year with earnings above the €1 billion mark

Q4’12 segment sales (million €) vs. Q4’11                             EBIT before special items (million €)

1,000                                                                 50                                           1,037
                                                            877
                          822                                                 41                  1000
 800                                                                  40                                  810
                                                                                       33          800
 600                                                                  30
                                                                                                   600
 400                                                                  20                           400
 200                                                                  10                           200

     0                                                                 0                             0
                           Q4                               Q4               Q4 '11   Q4 '12             FY '11    FY '12
                          2011                             2012



Sales development
Period                                                  Volumes   Prices              Portfolio          Currencies
Q4’12 vs. Q4’11                                          2%      
                                                                      (1%)             2%                   4%

FY’12 vs. FY’11                                          6%       1%                 0%                   5%

BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                                                       16
Oil & Gas
Significantly higher production

Q4’12 segment sales (million €) vs. Q4’11                                 EBIT before special items / Net income (million €)

Exploration &
                                                                                                                4,000
Production
1,383                                                                     1,000                                 3,000
+36%
                                €4,768                                                                          2,000
                                                                                                                         564
                                                                                                                                        3,622

                                                                           500                   903
                                +21%                                              564                           1,000 1,686
                                                                                                                              1,064             1,201
                                                            Natural Gas             276               250                               482
                                                                             0 121                96                 0 425
                                                                Trading         Q4 '11            Q4 '12                FY 2011         FY 2012
                                                                  3,385
                                                                            Exploration & Production        Natural Gas Trading        Net income
                                                                  +16%
                                                                            Non-compensable oil taxes:
                                                                            Q4 2011: € 159 million
                                                                            Q4 2012: € 492 million
                                                                            FY 2011: € 439 million
                                                                            FY 2012: €1,880 million
Sales development
Period                                                  Volumes              Price/Currencies                                 Portfolio
Q4’12 vs. Q4’11                                          18%                       3%                                           0%
FY’12 vs. FY’11                                          29%                       10%                                          0%

BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                                                                                   17
Review of ’Other’
 (million €)                                                 Q4 2012   Q4 2011   2012    2011

 Sales                                                         1,161     1,112   4,793   6,275
 thereof          Styrenics                                       —         —       —    2,393
 EBIT before special items                                     (102)      (11)   (839)   (404)
 thereof          Corporate research                           (105)      (92)   (391)   (348)
                  Group corporate costs                         (73)      (74)   (255)   (246)
                  Currency results, hedges and other            (92)     (107)   (460)   (199)
                  valuation effects
                  Styrenics, fertilizers, other businesses       18        65     183     408

 Special items                                                  154       623     572     582
 EBIT                                                            52       612    (267)    178




BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                        18
Strong operating cash flow in 2012
Full year 2012
(billion €)

      10


         8

                                                              (4.1)
         6                                              6.7
                                                                                  (0.3)
         4
                                                                               (2.6)
                                                                                                (2.6)
         2
                          2.0                                                                               1.8
         0
                     Cash                        Operating    Capex*          Acquisitions    Dividends    Cash
                    12/31/11                        CF                       & Divestitures               12/31/12

 * Payments related to intangible assets and property, plant and equipment

BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                                                19
Balance sheet remains strong
Balance sheet 2012 vs. 2011                                                               Highlights 2012
(billion €)
                                                                                           Increase of long-term assets
                                              64.3               64.3                       by €1.5 billion, mainly due to
                              61.2                       61.2
                                                                                            acquisitions
                                                                                           Creation of disposal group for
                                                                          Stockholders’
       Long-term                                         25.4    25.8     Equity            natural gas trading leads to
          assets             34.1             35.5                                          lower inventories, receivables
                                                                 13.4 Financial             and payables
                                                                          debt
         Disposal
            group
                                               3.4       13.0                              Higher provisions for pension
                                                                 2.2      Disposal
      Inventories            10.1              9.9                        group             obligations due to reduced
        Accounts                                                                            discount rates
       receivable                                                22.9     Other
                             10.9             10.1       22.8             liabilities      Equity ratio: 40%
   Other assets                                3.6
                              4.1
   Liquid funds               2.0              1.8                                         Net debt: €11.6 billion
                          Dec 31            Dec 31      Dec 31   Dec 31
                           2011              2012        2011     2012                     Net debt/EBITDA ratio: 0.9



BASF 4Q/FY’2012 Analyst Conference__February 26, 2013                                                                        20

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Charts BASF analyst conference FY 2012

  • 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 4Q/FY’2012 Analyst Conference__February 26, 2013 2
  • 3. BASF increased sales and earnings Business performance Q4’12 vs. Q4’11 FY’12 vs. FY’11  Sales €19.6 billion +9% €78.7 billion +7%  EBITDA €2.7 billion (8%) €12.5 billion +4%  EBIT before special items €1.8 billion +18% €8.9 billion +5%  EBIT €1.6 billion (16%) €9.0 billion +5%  Net income €1.0 billion (13%) €4.9 billion (21%)  Reported EPS €1.06 (14%) €5.31 (21%)  Adjusted EPS €1.35 +29% €5.71 (9%)  Operating cash flow €1.6 billion (24%) €6.7 billion (5%) Sales development Period Volumes Prices Portfolio Currencies Q4’12 vs. Q4’11  6%  1% 0%  2% FY’12 vs. FY’11  3%  1%  (1%)  4% BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 3
  • 4. Ongoing portfolio development Upstream Downstream Transaction with Statoil Becker Underwood Gazprom asset swap Pronova BioPharma BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 4
  • 5. Strong commitment to R&D R&D expenditures Key facts (billion €)  €1.7 billion R&D expenditures 2.0 in 2012 1.7  Increase of R&D spending 1.6 planned for 2013 1.5 1.5 1.4 1.4  ~10,500 employees in R&D  ~3,000 projects 1.0  Research Verbund: About 1,950 partnerships with universities, start-ups 0.5 and industry partners  Target 2020: 0.0 €30 billion in sales from 2008 2009 2010 2011 2012 innovations younger than 10 years BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 5
  • 6. Innovation example: BOOST™ cushioning material Key facts  Joint development with adidas, illustrating our customer focus  Revolutionary cushioning technology that provides highest energy return in the running industry  Solid granular material (TPU) is literally blown up and turned into thousands of small energy capsules  With their unique cell structure, these energy capsules store and unleash energy more efficiently in every stride Photo: adidas BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 6
  • 7. Attractive shareholder return Dividend per share (€) Key facts  Dividend proposal of €2.60 per share (+4%) Proposal: 3.0 3.00  Average annual dividend 2.50 2.60 2.5 2.50 increase of 15.7% 2.20 1.95 1.95 (2003-2012) 2.0 2.00 1.70 1.50  Attractive dividend yield of 1.5 1.50 3.7% in 2012** 1.00 1.0 1.00 0.85 0.70  Dividend yield above 3% in any 0.5 0.50 given year since 2003 0.0 2003 2006 2009 2012 Yield* 3.1% 3.2% 3.1% 4.1% 3.8% 7.0% 3.9% 3.7% 4.6% 3.7% * Dividend yield based on share price at year-end ** Based on BASF share price of €71.15 on Dec 28, 2012 BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 7
  • 8. Delivering consistent, long-term value Average annual performance with dividends reinvested Last 10 years Last 5 years January 2003 – December 2012 January 2008 – December 2012 +19.1% BASF +11.8% +4.0% Euro Stoxx 50 (6.5%) +10.2% DAX 30 (1.2%) +10.6% MSCI World Chemicals +1.6% 0 5 10 15 20 BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 8
  • 9. Outlook 2013 Expectations for the global economy 2012 Forecast 2013 GDP 2.2% 2.4% Chemicals (excl. pharma) 2.6% 3.6% Industrial production 2.4% 3.4% US$ / Euro 1.28 1.30 Oil price: Brent (US$ / bbl) 112 110 BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 9
  • 10. Outlook 2013 by region Chemical production (excl. pharma) 2012 Forecast 2013 World 2.6% 3.6% EU-27 (1.4%) 0.3% USA 2.5% 1.9% Asia (excl. Japan) 7.7% 8.1% Japan (4.5%) (0.6%) South America 1.9% 3.7% BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 10
  • 11. Outlook BASF Group 2013*  Excluding the effects of acquisitions and divestitures, we strive to increase our sales volumes in 2013.  We want to exceed the 2012 levels in sales and EBIT before special items.  The expected increase in demand, together with our measures to improve operational excellence and raise efficiency, will contribute to this.  We aim to earn a high premium on cost of capital once again in 2013. * In our forecast, we have applied the previous consolidation method in order to ensure comparability with the prior year. Changes due to IFRS 10 and 11 are not considered yet. However, the qualitative statements made in our forecast remain valid. BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 11
  • 12. Chemicals Lower margins and plant shutdowns Q4’12 segment sales (million €) vs. Q4’11 EBIT before special items (million €) Intermediates Inorganics 600 2,441 697 470 +10% +32% 2,000 1,717 381 400 355 €3,436 +10% 200 1,000 Petrochemicals 2,269 0 0 +6% Q4 '11 Q4 '12 FY '11 FY '12 Sales development Period Volumes Prices Portfolio Currencies Q4’12 vs. Q4’11  2%  3%  3%  2% FY’12 vs. FY’11  (3%)  (2%)  8%  4% BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 12
  • 13. Plastics Polyurethanes drive earnings Q4’12 segment sales (million €) vs. Q4’11 EBIT before special items (million €) Polyurethanes 300 1,203 1,648 1,200 +18% 200 180 873 €2,877 800 110 +12% 100 400 Performance Polymers 0 0 1,229 Q4 '11 Q4 '12 FY '11 FY '12 +4% Sales development Period Volumes Prices Portfolio Currencies Q4’12 vs. Q4’11  4%  5% 0%  3% FY’12 vs. FY’11  (3%)  2%  1%  4% BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 13
  • 14. Performance Products Lower margins and higher fixed costs impact earnings Q4’12 segment sales (million €) vs. Q4’11 EBIT before special items (million €) Care Chemicals 300 2,000 Performance 1,727 1,204 Chemicals 220 1,428 +2% 1,500 867 200 183 Nutrition €3,735 +5% 1,000 & Health 482 +3% 100 +9% 500 Paper Chemicals Dispersions 0 0 387 & Pigments Q4 '11 Q4 '12 FY '11 FY '12 (1%) 795 +0% Sales development Period Volumes Prices Portfolio Currencies Q4’12 vs. Q4’11  4%  (2%)  (1%)  2% FY’12 vs. FY’11  (2%) 0% 0%  3% BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 14
  • 15. Functional Solutions Strong automotive demand drives earnings Q4’12 segment sales (million €) vs. Q4’11 EBIT before special items (million €) Catalysts Construction 150 141 600 559 561 1,488 Chemicals (7%) 558 120 +4% 88 400 €2,794 90 (3%) 60 200 30 Coatings 748 0 0 +1% Q4 '11 Q4 '12 FY '11 FY '12 Sales development Period Volumes Prices Portfolio Currencies Q4’12 vs. Q4’11  (5%)  (1%)  2%  1% FY’12 vs. FY’11  (3%)  (2%)  2%  4% BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 15
  • 16. Agricultural Solutions Record year with earnings above the €1 billion mark Q4’12 segment sales (million €) vs. Q4’11 EBIT before special items (million €) 1,000 50 1,037 877 822 41 1000 800 40 810 33 800 600 30 600 400 20 400 200 10 200 0 0 0 Q4 Q4 Q4 '11 Q4 '12 FY '11 FY '12 2011 2012 Sales development Period Volumes Prices Portfolio Currencies Q4’12 vs. Q4’11  2%  (1%)  2%  4% FY’12 vs. FY’11  6%  1%  0%  5% BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 16
  • 17. Oil & Gas Significantly higher production Q4’12 segment sales (million €) vs. Q4’11 EBIT before special items / Net income (million €) Exploration & 4,000 Production 1,383 1,000 3,000 +36% €4,768 2,000 564 3,622 500 903 +21% 564 1,000 1,686 1,064 1,201 Natural Gas 276 250 482 0 121 96 0 425 Trading Q4 '11 Q4 '12 FY 2011 FY 2012 3,385 Exploration & Production Natural Gas Trading Net income +16% Non-compensable oil taxes: Q4 2011: € 159 million Q4 2012: € 492 million FY 2011: € 439 million FY 2012: €1,880 million Sales development Period Volumes Price/Currencies Portfolio Q4’12 vs. Q4’11  18%  3% 0% FY’12 vs. FY’11  29%  10% 0% BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 17
  • 18. Review of ’Other’ (million €) Q4 2012 Q4 2011 2012 2011 Sales 1,161 1,112 4,793 6,275 thereof Styrenics — — — 2,393 EBIT before special items (102) (11) (839) (404) thereof Corporate research (105) (92) (391) (348) Group corporate costs (73) (74) (255) (246) Currency results, hedges and other (92) (107) (460) (199) valuation effects Styrenics, fertilizers, other businesses 18 65 183 408 Special items 154 623 572 582 EBIT 52 612 (267) 178 BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 18
  • 19. Strong operating cash flow in 2012 Full year 2012 (billion €) 10 8 (4.1) 6 6.7 (0.3) 4 (2.6) (2.6) 2 2.0 1.8 0 Cash Operating Capex* Acquisitions Dividends Cash 12/31/11 CF & Divestitures 12/31/12 * Payments related to intangible assets and property, plant and equipment BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 19
  • 20. Balance sheet remains strong Balance sheet 2012 vs. 2011 Highlights 2012 (billion €)  Increase of long-term assets 64.3 64.3 by €1.5 billion, mainly due to 61.2 61.2 acquisitions  Creation of disposal group for Stockholders’ Long-term 25.4 25.8 Equity natural gas trading leads to assets 34.1 35.5 lower inventories, receivables 13.4 Financial and payables debt Disposal group 3.4 13.0  Higher provisions for pension 2.2 Disposal Inventories 10.1 9.9 group obligations due to reduced Accounts discount rates receivable 22.9 Other 10.9 10.1 22.8 liabilities  Equity ratio: 40% Other assets 3.6 4.1 Liquid funds 2.0 1.8  Net debt: €11.6 billion Dec 31 Dec 31 Dec 31 Dec 31 2011 2012 2011 2012  Net debt/EBITDA ratio: 0.9 BASF 4Q/FY’2012 Analyst Conference__February 26, 2013 20