#1BMW GROUP BMW ANNUAL GENERAL MEETING 2023. INVESTOR PRESENTATION. INVESTOR RELATIONS. BMW - Annual General Meeting 2023 - Investor presentation - March 2023 B M MINI ROLLS-ROYCE MOTOR CARS LTD M W#2BMW AGM 2023. AGM TOPICS. 1 General topics. 2 AGM - Agenda and format. 3 Item 2 - Utilisation of unappropriated profit (dividend). 4 Item 5 - Approval of the Remuneration Report. 5 Item 7 - Election to the Supervisory Board (Re-election of Dr Kurt Bock). 6 7 Item 8.1 - Amendments to the Articles of Incorporation to authorise the Board of Management to hold virtual general meetings of shareholders (limited to a 2 year period). Item 8.2 - Amendment to the Articles of Incorporation concerning the attendance of the Supervisory Board members in the virtual general meeting of shareholders (physical attendance as standard). BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -2-#3SUSTAINABILITY & PARIS AGREEMENT: TAKING ACTION TODAY ON THE ROAD TO CARBON NEUTRALITY. BMW GROUP CARBON FOOTPRINT PER VEHICLE ----- Our goal is to achieve a real and substantial reduction over a foreseeable period, during which we can exert an active influence and take personal responsibility. 2019: 100% (~54 t CO₂ over lifecycle) 2 2030: <60% CO₂ targets are officially validated by the Science-Based Targets Initiative (SBTI). 1.5°C SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION BMW Group was the first German carmaker to join the "Business Ambition for 1.5°C". It also automatically makes us a member of the UN's Race to Zero programme. PARIS2015 UN CLIMATE CHANGE CONFERENCE COP21 CMP11 climate-neutrality -3-#4THE BMW GROUP PUBLISHES AN INTEGRATED REPORT. SUSTAINABILITY IS CLEARLY COMMITTED BY THE BOARD. Commun BMW Group Report NEXT LEVEL MOBILITY BMW GROUP REPORT 2022 The BMW Group firmly assorted itself in a highly volatile environment in the 2022 reporting year. The continued strong performance figures show that we are on track in the transformation-despite the many challenges. Flexibility and resilience are the foundation of our business. The ramp-up of electromobility is gaining momentum. We just recently proved our digital expertise with the presentation of the BMW i Vision Dee. And the goal of o circular economy in the BMW Group is taking shape. As a technology platform, the NEUE KLASSE will despen these focus areas and set new standards for electromobility, digitalisation and sustainability. You can find more information in the following report. KEY PERFORMANCE INDICATORS MARGIN IN THE AUTOMOTIVE GROUP PROFITLESS BEFORE TAX 23,509 8.6 8.1 17.9 Board CH 50% of the bonus performance component (STI) of the BMW AG board salaries are linked to ESG-targets. Overview of target of the performance component of the bonus for the financial year 2022 Departmental targets 10% 149,475 2,399,632 202,895, Significa increase post She does from previous year Save previous p " 18.1 of 17 20% Sp www.bmwgroup.com/agm Climate Engagement Report BMW GROUP CLIMATE ENGAGEMENT REPORT www.bmwgroup.com/agm ROLLS-ROYCE OUR MEMBERSHIPS - OUR POSITIONS ARE CONSISTENT LIST OF ASSOCIATIONS The BM Capisereden nya ondations of camos or odress numerous as the business succes or the companynt Group pected massas SELECTED OVERVIEW OF MEMBERSHIPS SUPPORTING THE PARIS CLIMATE AGREEMENT Fope Fenwicklung Cance El ComeComp The G member. The wing ble by wry of ins and onesi pickly in of th Coun Other interdepartmental 50% non-financial targets 40% Interdepartmental ESG targets 50% of the share based remuneration (LTI) in 2022 was linked to ESG-targets as well.1 Source: BMW Group Report 2022 ... and voluntary reports corresponding international standards e.g.: USTAINABILITY ACCOUNTING TCFD GRI Empowering Sustainable SASB STANDARDS BOARD with sustainability activities also highlighted in external ESG-ratings. MSCI ESG RATINGS AA 2 1 Based on target remuneration 2 from 2022 -4-#5BMW AGM 2023. AGM TOPICS. 1 General topics. 2 AGM - Agenda and format. 3 Item 2 - Utilisation of unappropriated profit (dividend). 4 Item 5 - Approval of the Remuneration Report. 5 Item 7 - Election to the Supervisory Board (Re-election of Dr Kurt Bock). 6 7 Item 8.1 - Amendments to the Articles of Incorporation to authorise the Board of Management to hold virtual general meetings of shareholders (limited to a 2 year period). Item 8.2 - Amendment to the Articles of Incorporation concerning the attendance of the Supervisory Board members in the virtual general meeting of shareholders (physical attendance as standard). BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -5-#6* BMW AGM 2023. OVERVIEW ON THE AGENDA AND RESOLUTION ITEMS.* Subject Item 1 Company and Group Financial Statements, Management Report and Report of the Supervisory Board Item 2 Utilisation of unappropriated profit Management proposal: Dividend distribution of € 8.52 per preference share and € 8.50 per common share Item 3 Ratification of the acts of the Board of Management (collective vote) Item 4.1 to 4.22 Ratification of the acts of the Supervisory Board (single vote) Item 5 Item 6 Item 7 Approval of the remuneration report Election of the auditor Management proposal: PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, Frankfurt/Main Election to the Supervisory Board Management proposal: Re-election of Dr Kurt Bock Amendments to the Articles of Incorporation to authorise the Board of Management Item 8.1 to hold virtual general meetings of shareholders Item 8.2 Amendment to the Articles of Incorporation concerning the attendance of the Supervisory Board members in the virtual general meeting of shareholders Voting No voting Yes No | Abstain Yes No Abstain Yes No | Abstain Yes No | Abstain Yes No Abstain Yes | No | Abstain Yes No | Abstain Yes No | Abstain Abridged representation. The wording of the agenda items and the proposed resolutions as published in the Federal Gazette (Bundesanzeiger) on 22 March 2023 shall be authoritative. BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -6-#7BMW AGM 2023. FORMAT OF AGM AND SHAREHOLDER RIGHTS. AGM FORMAT The Annual General Meeting (AGM) will be held as a virtual AGM without the physical presence of the shareholders or their proxies - with the exception of the proxies of the Company. Format SHAREHOLDER RIGHTS Right to speak ? Right to ask questions Right to submit statements Duly registered shareholders have the right to speak at the AGM. The right to speak is exercised by means of a live video communication via the online service. Motions, voting proposals, questions and follow-up questions may form part of the speech. Duly registered shareholders are entitled to request information by the Management Board about the Company's affairs at the AGM. Right to ask questions may be exercised at the AGM by means of live video communication via the online service (i.e. as part of the right to speak). Duly registered shareholders may submit statements on the items on the agenda in text form or by video. Statements are published in the online service, which is accessible by duly registered shareholders before and during the AGM. BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -7-#8BMW AGM 2023. AGM TOPICS. 1 General topics. 2 AGM - Agenda and format. 3 Item 2 - Utilisation of unappropriated profit (dividend). 4 Item 5 - Approval of the Remuneration Report. 5 Item 7 - Election to the Supervisory Board (re-election of Dr Kurt Bock). 6 7 Item 8.1 - Amendments to the Articles of Incorporation to authorise the Board of Management to hold virtual general meetings of shareholders (limited to a 2 year period). Item 8.2 - Amendment to the Articles of Incorporation concerning the attendance of the Supervisory Board members in the virtual general meeting of shareholders (physical attendance as standard). BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -8-#9ITEM 2 - DIVIDEND. CONSISTENTLY RELIABLE DIVIDEND PAYOUTS TO BMW SHAREHOLDERS. Total Dividend payout to BMW AG shareholders [in m€] Strategic Target Payout Ratio: 30-40%. 3,827 5,4813 2,630 2,300 2,303 2,102 1,904 1,508 1,640 1,707 1,646 1,253 32.7 32.9 33.3 32.1 32.0 32.8 32.0 32.5 30.7 30.2 30.6 30.7 Payout ratio¹ [in %] 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Dividend per ordinary share² 2.30 2.50 2.60 2.90 3.20 3.50 4.00 3.50 2.50 1.90 5.80 8.50 [in €] 1 Payout ratio: Payout-sum to shareholders of BMW AG divided by net income (since 2022 net income attributable to shareholders of BMW AG.) 2 According to the articles of association, preferred shares receive an additional dividend of €0.02 per share. 3 The payout amount and ratio are preliminary. As a result of the ongoing share buyback program, the number of dividend-bearing shares is expected to decrease up to the AGM 4 Proposed dividend. BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -9-#10BMW AGM 2023. AGM TOPICS. 1 General topics. 2 AGM - Agenda and format. 3 Item 2 - Utilisation of unappropriated profit (dividend). 4 Item 5 - Approval of the Remuneration Report. 5 Item 7 - Election to the Supervisory Board (Re-election of Dr Kurt Bock). 6 7 Item 8.1 - Amendments to the Articles of Incorporation to authorise the Board of Management to hold virtual general meetings of shareholders (limited to a 2 year period). Item 8.2 - Amendment to the Articles of Incorporation concerning the attendance of the Supervisory Board members in the virtual general meeting of shareholders (physical attendance as standard). BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -10-#11ITEM 5 - SUMMARISED OVERVIEW. APPROVAL OF THE REMUNERATION REPORT (1/2). • • • For financial year 2022, the remuneration system, which has been in force since 2021, has remained unchanged. Target remunerations within the three remuneration levels remained constant; special payments were not granted. The Supervisory Board has determined the remuneration of the members of the Board of Management within the framework of the remuneration system. No use was made of the option to make adjustments due to extraordinary developments. The caps for the overall remuneration as well as for the components of the variable remuneration were observed. The Supervisory Board saw no reason to withhold or reclaim variable salary components as part of the malus/clawback provisions. The remuneration report for financial year 2021 was prepared in accordance with the requirements of Section 162 of the German Stock Corporation Act (AktG) for the first time and approved by the 2022 AGM by a majority of 90.29%. In view of the high level of approval, there has been no fundamental change in the reporting format in the current year. Transparency was further increased through additional information on compliance with the maximum compensation. In addition to the legally required formal examination the auditing firm PwC has audited the remuneration report by way of a voluntary substantive examination. BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -11-#12ITEM 5 - SUMMARISED OVERVIEW. APPROVAL OF THE REMUNERATION REPORT (2/2). · Approximately 38 % of the variable target remuneration for vesting year 2022 was linked to environmental, social or governance targets (ESG-targets). The share of the actual variable remuneration for vesting year 2022 linked to ESG- targets amounts to approximately 32 %.* The share of the long-term share-based remuneration (LTI, personal cash investment amount) amounts to approximately 51 % of the total variable remuneration for vesting year 2022. Based on the share ownership guidelines the personal cash investment amount has to be used by the board members to acquire BMW shares with a minimum holding period of four years. The remuneration granted for the financial year 2022 as set out in the remuneration report includes, according to the requirements of section 162 AktG, the performance cash plan 2020-2022 and the share-based remuneration component (matching component) 2017, which are variable remuneration components granted for earlier vesting years (2017, 2020). The remuneration vested in the financial year 2022 is shown under section II.11 of the remuneration report (page 297 et seq. of the BMW Group Report). The remuneration for the members of the supervisory board remained unchanged. In accordance with the articles of association, the remuneration of the supervisory board members consists of a fixed remuneration only. * Statements on the relative proportion of remuneration components relate to remuneration for the vesting year 2022, unless otherwise noted. BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -12-#13TARGET ACHIEVEMENT VARIABLE REMUNERATION FOR VESTING YEAR 2022.1 Minimum Target Maximum Actual value value value value Target achievement Profit attributable to shareholders of BMW AG (in € billion) 3.0 5.3 11.0 17.9 180 % Group return on sales after tax 3.0 5.6 9.0 13.0 Base (in %) remuneration Fixed remuneration and fringe benefits Weighting² Minimum Target value value Maximum value Actual value Target achievement Bonus Earnings component Performance component Interdepartmental targets - ESG 50% 0% 100 % 180 % 104.0 % Interdepartmental targets - Other Departmental targets 40% 0% 100 % 180% 87.5% 98-99% 10% 0% 100% 180% [106.9- 116.3%]³ Weighting² Minimum Target Share-based remuneration (LTI) Personal cash investment amount value value Maximum value Actual value Target achievement RoCE in the Automotive Segment (in %) Strategic focus targets 50% 12 15 21 18.1 141 % Reduce CO2 fleet emissions in the EU (g/km) 25% 125 112 98 105.0 140 % Sales of all-electric vehicles (units) 12.5 % 170,000 230,000 375,000 215,752 88 % 1 Simplified depiction. For a detailed description see page 271 et. seqq. of the BMW Group Report 2022. Sales of plug-in hybrid vehicles (units) 12.5% 167,000 223,000 370,000 218,040 96% 2 Target level. 3Individual target achievement. BMW - Annual General Meeting 2023 - Investor presentation - March 2023 - 13-#14OVERVIEW VARIABLE TARGET REMUNERATION FOR VESTING YEAR 2022. ESG TARGETS. Overview of variable target remuneration 2022 Bonus Earnings component Approx. 23-24 % Bonus Performance component approx. 23-24 % (of which ESG targets: 50 %) Variable target remuneration with ESG targets approx. 38 % in total Share-based remuneration RoCE component Approx. 26-27 % Share-based remuneration Strategic focus target component Approx. 26-27 % (of which ESG targets: 100 %) • Variable target remuneration for vesting year 2022: ― Bonus and Share-based remuneration (LTI). Targets for the variable remuneration for vesting year 2022: ― 50% of the long term share-based remuneration (LTI) target amount is linked to ESG targets. These comprise targets to reduce fleet carbon emissions in the EU (E) and to increase electrified vehicle sales (E). 50% of the bonus target amount is linked to ESG targets. These comprise, inter alia, environmental innovation performance (E), development of the Company's reputation (G), adaptability (ESG), employer attractiveness (S), leadership performance (S) as well as achievement of diversity targets (S) and preventive activities in ensuring compliance (G). BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -14-#15SHARE-BASED REMUNERATION (LTI): STRATEGIC FOCUS TARGETS. Weighting1 Minimum value Target value Maximum value Actual value Extent target achievement RoCE Automotive 50 % 12 15 21 18.1 141 % Segment (in %)² (PY: 10) (PY: 16) (PY:45) (PY: 59.9) (PY: 180 %) Reduction of fleet 25 % 125 112 98 105.0 140 % CO2 emissions (PY: 125) (PY: 114) (PY: 100) (PY: 115.9) (PY: 91 %) in the EU (in g/km)³ Global sales of all- 12.5% electric vehicles 170,000 (PY: 75,000) 230,000 (PY: 101,000) 375,000 (PY: 170,000) 215,752 (PY: 103,854) 88 % (PY: 103 %) (BEV) in units Global sales of 12.5% plug-in hybrid 167,000 (PY: 180,000) 223,000 (PY: 241,000) 370,000 (PY: 400,000) 218,040 (PY: 224,450) 96 % (PY: 86 %) vehicles (PHEV) in units 1 Within the target structure. 2 Deviations of the target values to the previous year are also due to the redefinition of the key figure with effect from financial year 2022; see details in the remuneration report (page 278 of the BMW Group Report 2022). 3 Legal limit 127,5 g/km. BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -15-#16TARGET AND ACTUAL REMUNERATION FOR VESTING YEAR 2022.1 Chairman of the board² Chairman of the board² Board member Board member Board member Board member 1st period of office³ 1st period of office³ 2nd period of office" 2nd period of office" Target remuneration Actual remuneration Target remuneration Actual remuneration Target remuneration Actual remuneration Fixed remuneration Fixed remuneration Fringe benefits Total in € 1,950,000 50,000 2,000,000 31 in % in € in % 30 1,950,000 25 1 17,249 1,967,249 25 0.2 in € in % 900,000 30 50,000 2 950,000 32 in € in % 900,000 24 50,000 1 950,000 26 in € 1,050,000 in % 30 in € 1,050,000 in % 24 50,000 1 1,100,000 31 50,000 1 1,100,000 25 Bonus Earnings component 1,050,000 16 1,890,000 24 475,000 16 Performance component 1,050,000 16 1,039,500 13 475,000 16 855,000 23 465,500 13 575,000 16 575,000 16 1,035,000 24 563,500 13 Variable SbR (personal cash investment remuneration amount) RoCE component 1,175,000 18 1,656,750 21 550,000 18 775,500 21 640,000 18 902,400 21 Strategic focus target component 1,175,000 18 1,363,000 17 Total 4,450,000 69 Target total remuneration6/ Remuneration vesting year 2022 6,450,000 100 5,949,250 75 7,916,499 (8,177,168) 550,000 18 2,050,000 68 638,000 17 640,000 18 742,400 17 100 3,000,000 100 2,734,000 74 3,684,000 (3,808,625) 2.430,000 69 3,243,500 75 100 3,530,000 100 4,343,300 (4,490,100) 100 (2021) Contribution to the company pension 700,000 712,729 scheme / Service cost 400,000 1 Simplified presentation. The target remuneration is set out on p. 267 et seqq. and the actual remuneration on p. 286 et seqq. of the BMW Group Report 2022. Due to rounding, it is possible that the percentages presented here may not be an exact reflection of the absolute values to which they relate. 2 Oliver Zipse. 3 Joachim Post, Frank Weber. 400,000 400,000 400,000 4 Or as of fourth year of mandate. Pieter Nota, Nicolas Peter, Ilka Horstmeier (since 1st Nov. 2022), Milan Nedeljković (since 1st October 2022). 5 Exemplary value of fringe benefits and of a performance factor for the bonus of 0.98 (with exception of the actual remuneration for Oliver Zipse). 6 Excluding a contribution to the company pension scheme. Contributions to the pension scheme do not qualify as remuneration within the meaning of section 162 AktG, subsequent pension payments qualify as such. 7 The calculation of the total remuneration in the remuneration report 2022 in some cases includes, in accordance with section 162 AktG, variable remuneration components granted for earlier vesting years (performance cash plan 2020-2022, matching component 2017). 8 Exemplary value (with exception of the actual remuneration for Oliver Zipse). The service cost are not part of the remuneration according to section 162 AktG. They reflect the expense recognized by BMW and are not paid out to the board members. BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -16-#17REMUNERATION SYSTEM FOR THE BOARD OF MANAGEMENT OVERVIEW OF COMPENSATION COMPONENTS. Base salary Fixed remuneration ~27%¹4 Bonus 1,4 ~ 30% • Financial goals • Non-financial goals Target achievement 0 - 180% ROCE5 (Automotive Segment) • At least 2 strategic focus targets Target achievement 0 - 180% • Share-based remuneration (LTI) ~ 33 %14 Retirement benefits6 10% 1,3,4 1,4 Fringe benefits ~0.2% . General aspects Maximum remuneration (€ 9.85m; € 5.5m, respectively € 4.925m 2). ESG criteria as a part of the performance criteria. . Peer group comparison within selected targets. • Clawback and Malus clauses related to variable compensation. 1 Schematic representation of the proportions based on the target remuneration for the Chairman of the Board of Management for financial year 2022 as an example. 2 Chairman of the Board of Management, member of the Board of Management in the 2nd period of office or 4th year of mandate, and member of the Board of Management in 1st period of office. 3 Pension contribution p.a.. 4 Due to roundings, percentage values may not add up to 100 %. 5 Return on Capital Employed (ROCE). A description can be found in the BMW Group Report 2022, p. 46 et seqq. 6 Further details can be found in the BMW Group Report 2022, p. 281-282. 7 Based on contractual agreements; main points cover non-cash benefits from the use of company cars and the BMW chauffeur service, insurance premiums, contributions towards security systems, employee discounts. BMW - Annual General Meeting 2023 - Investor presentation - March 2023 - 17 -#18REMUNERATION SYSTEM FOR BOARD OF MANAGEMENT. BONUS DETAILS. (1) Earnings Component -,,Financial Goals" Base remuneration Target amount ☑ 50% ☑ Basis: Performance period: 1. Profit attributable to shareholders of BMW AG. 2. Group post-tax return on sales (in %). 1 year + Earnings factor (max. 1.800) Bonus (2) Performance Component -,,Non-Financial Goals" Target amount X 50% ✓ Performance factor (max. 1.80) Weighting Criteria Departmental targets 1. 10% Individual performance of each board member in managing the department and progress in diversity 2. Innovation performance (environmental) Share-based remuneration 3. Develop the Company's reputation (corporate reputation, preventive activities in ensuring compliance) ESG-criteria 4. Adaptability (investment in training and further education, sustainability) 50 %1,2 Inter- (LTI) 5. departmental targets Employer attractiveness 90 % 6. Leadership performance (employee satisfaction) 7. Expand market position 8. Innovation performance (economic) Further criteria 9. Customer orientation (product, customer service quality) 40 %² Pension plan 10. Development of reputation (e.g. brand strength) Fringe benefits Performance period: 1 year; trend evaluation over 3 years 1 Within the target structure. 2 Criteria from the areas of environment, social and governance (ESG). BMW - Annual General Meeting 2023 - Investor presentation - March 2023 = II Total - 18-#19REMUNERATION SYSTEM FOR BOARD OF MANAGEMENT. SHARE-BASED REMUNERATION DETAILS. RoCE-factor Base (1) Target amount × 50% × Automotive Segment (max. 1.8) remuneration + Bonus Share-based Remuneration (LTI) Pension plan Fringe benefits (2) Target 50% ☑ strategic focus amount Attainment of at least 2 targets (max. 1.8) Personal cash investment amount (max. 180% of target amount) Taxes and deductions Net payout Performance period: 1 year FYn Share Ownership Guideline (obligation to buy and hold shares) Purchase of BMW common stock equivalent to 100% of net pay out FYn+1 Performance period (holding period): 4 years Total performance period: 5 years ² 2 FY +2 FYn+3 FY n+4 FY n+5 Share performance over 4 years³ Freely available BMW common stock 1 Following strategic focus targets have been set for the year 2022: (1) Reduction of CO2-fleet emissions in Europe and (2) global sales accounted for by plug-in hybrid vehicles (PHEVs) and all-electric vehicles (BEVs). 21 year for the determination of the personal investment cash amount and 4 years holding period, even if board member leaves office (including retirement). 3 Examplary illustration of price development. BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -19-#20BMW AGM 2023. AGM TOPICS. 1 General topics. 2 AGM - Agenda and format. 3 Item 2 - Utilisation of unappropriated profit (dividend). 4 Item 5 - Approval of the Remuneration Report. 5 Item 7 - Election to the Supervisory Board (Re-election of Dr Kurt Bock). 6 7 - Item 8.1 Amendments to the Articles of Incorporation to authorise the Board of Management to hold virtual general meetings of shareholders (limited to a 2 year period). Item 8.2 - Amendment to the Articles of Incorporation concerning the attendance of the Supervisory Board members in the virtual general meeting of shareholders (physical attendance as standard). BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -20-#21BMW AG - SUPERVISORY BOARD. STAGGERED TERMS FOR SHAREHOLDER REPRESENTATIVES. term of office 2018 2019 + 2020 2021 2022 2023 2024 2025 2026 2027 + AGM 2023 AGM 2024 AGM 2025 AGM 2026 AGM 2027 Dr Norbert Reithofer since 2015 (>7y) Dr Marc Bitzer since 2021 (>1y) Dr Kurt Bock since 2018 (>4y) Rachel Empey Dr Heinrich Hiesinger Dr hc Susanne Klatten since 2021 (>1y) since 2017 (>5y) since 1997 (>12y) Stefan Quandt since 1997 (>12y) Anke Schäferkordt since 2020 (>2y) Prof Dr Christoph Schmidt since 2021 (>1y) Dr Vishal Sikka since 2019 (>3y) Expiring Mandates (1) (3) (5) (1) (1) BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -21-#22BMW AG SUPERVISORY BOARD - SHAREHOLDER REPRESENTATIVES. WELL BALANCED STRUCTURE. Age Professional Experience <50 10% Nationality Non- - Type of Work - (multiple nominations) German 30%* Previous Member of the Executive Board of a non-listed company 1 Entrepreneur or Founder ≥ 60 60% German 70% ≥ 50 and < 60 30% Academia 1 * incl. dual citizenships (German and other) Current or previous Member of the Executive Board of a listed company Term of Office Gender >12 years 20% <5 year 60% Male 70% >5 and <12 years 20% 3 - Previous working experience abroad – (multiple nominations) Female 30% 5 Memo: Statistics shown above refer to shareholder representatives only and as of 31 December 2022. BMW - Annual General Meeting 2023 - Investor presentation - March 2023 4 Outside Europe Europe (w/o Germany) 6 - 22-#23BMW AG - SUPERVISORY BOARD. STAGGERED TERMS FOR SHAREHOLDER REPRESENTATIVES. Expiring Mandates in 2023 Dr Kurt Bock Dr hc Susanne Klatten Stefan Quandt Dr Vishal Sikka BMW - Annual General Meeting 2023 - Investor presentation - March 2023 2024 2025 Dr Marc Bitzer Dr Norbert Reithofer Rachel Empey Anke Schäferkordt Prof Dr Christoph Schmidt Dr Heinrich Hiesinger 2026 -23-#24ITEM 7 - ELECTIONS TO THE SUPERVISORY BOARD. DR KURT BOCK (INDEPENDENT MEMBER / AUDIT COMMITTEE CHAIR). Dr rer pol Kurt Wilhelm Bock, Chairman of the Supervisory Board of BASF SE • Since 2020: Chairman of the Supervisory Board of BASF SE. Previously CEO (2011-2018) and member of the board (2003- 2011) of BASF SE and several management positions in the area of finance within the BASF Group and the Bosch Group (from 1985 on). Particular knowledge and experience in the application of accounting principles and internal control & risk management systems as well as in auditing financial statements - including sustainability reporting and its audit. Composition targets and competency profile • • . • Independent in accordance with recommendations C.6 and C.7 of the GCGC (German Corporate Governance Code). International experience and special expertise in one or more markets outside Germany that are important for the company. Experience in managing and supervising another large company. Expertise in the following business-relevant topics: corporate strategy, purchasing/supply chains, finance/accounting/audit, capital markets, compliance, IT/digitalisation/artificial intelligence, change management/business transformation. Expertise on Company-relevant issues of environmental sustainability. Membership in other statutory supervisory boards and equivalent national or foreign company boards • BASF SE (chairman) Election Proposal • Period of office from the end of the AGM 2023 until the end of the AGM at which the ratification of the acts of the Supervisory Board is resolved for the year 2026 (4 years). BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -24-#25BMW AG - SUPERVISORY BOARD COMPOSITION. Shareholder Representatives Dr Norbert Reithofer since 2015 elected until 2025 Chairman of the Supervisory board Stefan Quandt since 1997 elected until 2024 Deputy Chairman of the Supervisory board Dr Heinrich Hiesinger since 2017 elected until 2026 Dr hc Susanne Klatten since 1997 elected until 2024 Dr Martin Kimmich since 2023 In office until 2024 Deputy Chairman of the Supervisory board Jens Köhler since 2021 in office until 2024 Dr Kurt Bock since 2018 elected until 2023 Deputy Chairman of the Supervisory board Dr Marc Bitzer since 2021 elected until 2025 Rachel Empey since 2021 elected until 2025 Anke Schäferkordt since 2020 elected until 2025 Employee Representatives Prof Dr Christoph Schmidt since 2021 elected until 2025 Dr Vishal Sikka since 2019 elected until 2024 Stefan Schmid since 2007 elected until 2024 Deputy Chairman of the Supervisory board Christiane Benner since 2014 elected until 2024 Bernhard Ebner since 2021 In office until 2024 Johann Horn since 2021 In office until 2024 Gerhard Kurz since 2022 in office until 2024 BMW - Annual General Meeting 2023 - Investor presentation - March 2023 André Mandl since 2022 in office until 2024 Dr Dominique Mohabeer since 2012 elected until 2024 Sibylle Wankel since 2022 elected until 2024 - 25-#26BMW AG - PRESIDING BOARD AND SUPERVISORY BOARD COMMITTEES. Presiding Board (Präsidium) Personnel Committee (Personalausschuss) Audit Committee (Prüfungsausschuss) Nomination Committee (Nominierungsausschuss) Mediation Committee (Vermittlungsausschuss) Dr Norbert Dr Martin Kimmich Reithofer Chairman Dr Norbert Reithofer Dr Martin Kimmich Chairman Dr Kurt Bock Chairman, Financial Expert (Audit & Accounting) Dr Norbert Reithofer Financial Expert (Audit) Dr Norbert Reithofer Chairman Dr Kurt Bock Dr Norbert Reithofer Dr Martin Kimmich Stefan Quandt Stefan Schmid Stefan Quandt Stefan Schmid Dr Martin Kimmich Stefan Quandt Dr hc Susanne Klatten Stefan Quandt Stefan Quandt Stefan Schmid Dr Kurt Bock Dr Kurt Bock Stefan Schmid Rachel Empey Financial Expert (Audit & Accounting) BMW - Annual General Meeting 2023 - Investor presentation - March 2023 Dr Dominique Mohabeer Change Audit Committe Composition: Two additional members joined the Audit Committee on 1 October 2022: Rachel Empey (shareholder representative) and Dr Dominique Mohabeer (employee representative). ■ Their appointment further increased the independence, financial expertise and diversity of the Audit Committee. Source: pg. 11, Statement on Corporate Governance 2022 https://www.bmwgroup.com/content/dam/grpw/websites/bmwgroup_com/company/downloads/en/2023/Sta tement_on_Corporate Governance_2022.pdf Employee Representative -26-#27Finance Diversity SUPERVISORY BOARD'S SKILLS MATRIX (1) Initial appointment Norbert Manfred Martin Reithofer Schoch¹ Kimmich² Stefan Stefan Kurt Christiane Marc Bernhard Rachel Quandt Schmid Bock Benner Bitzer Ebner Empey 2015 1988 2023 1997 2007 2018 2014 2021 2021 2021 Independent in acc. with the GCGC (C.6 et seq.) n/a n/a n/a n/a n/a Gender Year of birth Nationality International experience m m m m m m f m m f 1956 1955 1972 1966 1965 1958 1968 1965 1978 DE DE DE DE DE DE DE DE DE 1976 UK, DE Company knowledge External management/supervision function Corporate strategy Technologies Procurement/supply chain Production Sales/customer needs Accounting Audit Financial expert accounting Financial expert audit Capital markets Mobility HR management Compliance IT/digitalization/Al Change Management/Business Transformation Ecological sustainability Social sustainability Familiarity with corporate sector BMW - Annual General Meeting 2023 - Investor presentation - March 2023 1 until 31.12.2022 2 since 18.01.2023 -27-#28Finance Diversity SUPERVISORY BOARD'S Heinrich SKILLS MATRIX (2) Initial appointment Johann Susanne Hiesinger Horn Klatten Jens Gerhard Köhler Kurz André Mandl Dominique Anke Mohabeer Schäferkordt Christoph Vishal Schmidt Sikka Sibylle Wankel 2017 2021 1997 2021 2022 2022 2012 2020 2021 2019 2022 Independent in acc. with the GCGC (C.6 et seq.) n/a n/a n/a n/a n/a n/a Gender Year of birth Nationality International experience m m f m m m f f m m f 1960 1958 1962 1964 1963 1984 1963 1962 1962 1967 1964 DE DE DE DE DE DE DE DE DE, AUS USA DE Company knowledge External management/supervision function Corporate strategy Technologies Procurement/supply chain Production Sales/customer needs Accounting Audit Financial expert accounting Financial expert audit Capital markets Mobility HR management Compliance IT/digitalization/Al Change Management/Business Transformation Ecological sustainability Social sustainability Familiarity with corporate sector BMW - Annual General Meeting 2023 - Investor presentation - March 2023 - 28-#29BMW AGM 2023. AGM TOPICS. 1 General topics. 2 AGM - Agenda and format. 3 Item 2 - Utilisation of unappropriated profit (dividend). 4 Item 5 - Approval of the Remuneration Report. UT 5 Item 7 - Election to the Supervisory Board (Re-election of Dr Kurt Bock). 6 7 Item 8.1 - Amendments to the Articles of Incorporation to authorise the Board of Management to hold virtual general meetings of shareholders (limited to a 2 year period). - Item 8.2 Amendment to the Articles of Incorporation concerning the attendance of the Supervisory Board members in the virtual general meeting of shareholders (physical attendance as standard). BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -29-#30ITEM 8.1 - AMENDMENTS TO THE ARTICLES OF INCORPORATION. AUTHORISATION OF THE BOARD OF MANAGEMENT TO HOLD VIRTUAL AGMS. - - The Board of Management and the Supervisory Board propose a provision in the Articles of Incorporation authorising the Board of Management to provide for a general meeting of shareholders to be held as a virtual general meeting. The authorisation is to be limited to about two years in order to gain further practical experience. The Board of Management will only make use of such authorisation at its due discretion, considering all circumstances of the individual case. When deciding on the format and specific design of the General Meeting of Shareholders, the Board of Management will give high priority to safeguarding shareholder rights. In addition, it will consider in particular: Content of the intended agenda, health protection (in the event of a pandemic situation), process stability and reliability of planning, reach of the format, energy and resource consumption as well as the effort required to hold the meeting. In exercising its discretion, the Board of Management intends to be guided essentially by the format of the physical general meeting of shareholders as well as the format of this year's Virtual General Meeting of Shareholders. BMW - Annual General Meeting 2023 - Investor presentation - March 2023 - 30 -#31BMW AGM 2023. AGM TOPICS. 1 General topics. 2 AGM - Agenda and format. 3 Item 2 - Utilisation of unappropriated profit (dividend). 4 Item 5 - Approval of the Remuneration Report. 5 Item 7 - Election to the Supervisory Board (Re-election of Dr Kurt Bock). 6 7 Item 8.1 - Amendments to the Articles of Incorporation to authorise the Board of Management to hold virtual general meetings of shareholders (limited to a 2 year period). Item 8.2 - Amendment to the Articles of Incorporation concerning the attendance of the Supervisory Board members in the virtual general meeting of shareholders (physical attendance as standard). BMW - Annual General Meeting 2023 - Investor presentation - March 2023 -31-#32ITEM 8.2 – AMENDMENTS TO THE ARTICLES OF INCORPORATION. - VIRTUAL ATTENDANCE OF SUPERVISORY BOARD MEMBERS. - Excerpt from the Articles of Incorporation: "The Person chairing the General Meeting of Shareholders may exceptionally permit members of the Supervisory Board to participate in the General Meeting by means of audio and video transmission if attendance at the location of the General Meeting of Shareholders would entail an unreasonably long travel time, other travel difficulties or health risks for the Supervisory Board member concerned." Above mentioned rule for physical AGMS shall also be applied for virtual AGMs: In general, members of the Supervisory Board shall physically attend the virtual general meeting of shareholders. Virtual attendance is only allowed for specific good causes and with agreement of the Chairman. BMW - Annual General Meeting 2023 - Investor presentation - March 2023 BMW HAUPTVERSAMMLUNG 2022 - 32-