#1April 2017 BMW GROUP BMW GROUP INVESTOR PRESENTATION THE NEXT 100 YEARS W B MW MINI Rolls-Royce Motor Cars Limited#2STRATEGY VISION NUMBER ONE NEXT STRATEGIC APPROACH BMW Group Investor Presentation, April 2017 COMPETITIVE ADVANTAGE CORPORATE CULTURE Page 2#3STRATEGY NUMBER ONE NEXT. We are Number ONE. We inspire people on the move: We shape tomorrow's individual premium mobility. BMW Group Investor Presentation, April 2017 Page 3#4ACES ARE A CORE ELEMENT OF STRATEGY NUMBER ONE > NEXT. A AUTONOMOUS E ELECTRIFIED BMW Group Investor Presentation, April 2017 MIXT 90 BMW 18 M5 min 70°F PNLIN CUSTOMER FOCUS 9:20 DriveNow thonging C ES74 CONNECTED S SHARED/SERVICES Page 4#5BMW GROUP'S ELECTRIFICATION PATHWAY. - - ― PERFORMANCE PIONEERING Building-up expertise Technology innovation Project i BMW Group Investor Presentation, April 2017 - ELECTRIFICATION OF CORE PORTFOLIO Roll-out i Performance Upgrade BMW i3 SCALABILITY AND FLEXIBILITY MINI BEV BMW X3 BEV BMW iNext Page 5#6BMW iPERFORMANCE AND BMW i - BALANCING THE PRODUCT PORTFOLIO. DYNAMIC BMW brand framework for product portfolio PERFORMANCE M W PERFORMANCE EFFICIENT M Core Models M Performance Core Models PHEVS BEVS High Performance Performance Champions Electrified Visionary Efficiency Mobility Champions BMW Group Investor Presentation, April 2017 The interplay of BMW M and BMW i enhances competitive differentiation (representation of the scope of the BMW brand). Page 6#7100,000 OVER 130,000 ELECTRIFIED BMW VEHICLES SOLD BY YTD MARCH 2017. PERFORMANCE i3 94 Ah 530e iPerformance BMW X1 xDrive25Le iPerformance* MINI Cooper SE Countryman 140,000 225xe iPerformance i3 accumulated i8 accumulated ■BMW & MINI PHEV accumulated 120,000 740e/740 Le iPerformance 80,000 60,000 40,000 20,000 i3 60 Ah 0 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 BMW Group Investor Presentation, April 2017 Apr-14 May-14 18 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 530Le* X5 xDrive40e iPerformance 330e iPerformance Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 *Only available in China Figures represent cumulative sales of Battery Electric Vehicles (BEV) and Plug-in Hybrid Vehicles (PHEV) iPerformance Plug-in Hybrid Vehicles (PHEV) Aug-15 Sep-1 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 FIN Page 7#8SIGNIFICANT NUMBER OF ELECTRIFIED MODELS ARE ALREADY ON THE STREET AND MORE TO COME. BATTERY ELECTRIC BMW i3 60 Ah VEHICLES MAY 1958 PLUG-IN HYBRIDS 2013 2014 2015 BMW Group Investor Presentation, April 2017 BMW i3 94 Ah TRANSAL 2016 BMW i8 BMW 530Le* BMW 225xe iPerformance BMW X5 xDrive40e iPerformance M.PY 7203 2017 BMW X1 xDrive25Le iPerformance* BMW 330e iPerformance BMW 530e iPerformance BMW 740e iPerformance MINI Cooper S E Countryman ALL4 *Only available in China 2018 BMW i8 Roadster MINI BEV BMW X3 BEV BMW ¡NEXT 2019 2020 2021 Page 8#9AUTOMATED DRIVING. CHANGING FRAMEWORK LEADS TO NEW DEFINITION OF FUTURE MOBILITY. MORE TIME MORE SAFETY MORE COMFORT MORE FLEXIBILITY HIGH-PERFORMANCE-COMPUTING ARTIFICIAL INTELLIGENCE COMPUTERVISION VALIDATION METHODS SENSOR RAW DATA PROCESSING BMW Group Investor Presentation, April 2017 CUSTOMER LESS ACCIDENTS LESS TRAFFIC TECHNOLOGY COMMUNITY SYSTEM SAFETY AND ROBUSTNESS LESS PARKING LOT SEARCH LESS CO₂ Page 9#10THE NEW BMW 5 SERIES DRIVER ASSISTANCE PROVIDES COMFORT AND SAFETY AT THE HIGHEST LEVEL. Top View Remote Crossing traffic warning rear/front Night Vision Lane keeping assistant with active side collision protection Active cruise control with Stop&Go function Rear collision prevention Crossroad Assist 3D View Top View M&BB4102 5401 Lateral parking aid Distance information Lane departure warning C Wrong Way Assist Lane change warning Speed Limit Assist Approach control warning with braking function Parking assistant Steering and lane control assistant Active Park Distance Control BMW Selective Beam Remote Control Parking Speed limit and No Pass information G CP AUTO Panorama View P Speed Limit Device BMW Group Investor Presentation, April 2017 P 60 43 km/h 68 102 Page 10#11THE NEXT STEPS ARE HIGHLY AND FULLY AUTONOMOUS DRIVING. 0 2 3 4 5 Driver Feet off Hands off Eyes off Mind off Passenger No assistance Assisted Partially automated Human Transfer of responsibility BMW Group Investor Presentation, April 2017 Highly automated Fully automated Autonomous Machine Page 11#12ARCHITECTURE FOR AUTOMATED DRIVING. END-TO-END WITH ALL KEY-TECHNOLOGIES. E/E ARCHITECTURE 1421 BACKEND SENSORS Fail Operational ENVIRONMENT MODEL here HD-MAP EP MOTION CONTROL FAD DRIVING FUNCTION MEV 7422 BMW Group Investor Presentation, April 2017 OBJECTS AND FREE SPACE TRAJECTORY PLANNING DRIVING STRATEGY BACKEND SECURITY CD 300010 001110 0101010 100 MS FAS Backend Backend Backend 00101010011 01001100101010 100010110 VEHICLE SECURITY ARTIFICIAL INTELLIGENCE Fully Automated Driving Crowd Sourcing LuBackr 3: BigData) HMI Face Recognition Natural Linguisticality Page 12#13HD-MAP, SENSORS, AI/ENVIRONMENT MODEL AND MOTION CONTROL PLAY A KEY ROLE IN THE ARCHITECTURE OF AUTOMATED DRIVING. HD-MAP BACKEND SENSORS centimeter precision real-time capable highly available and reliable. camera radar lidar ultra-sonic inertial sensor Cross-industry Cooperation here Tencent 腾讯 NAVINFO> 四维图新 GIC (intel) BMW Group Investor Presentation, April 2017 Trilateral Cooperation IDEILEVE Our Vision, Your Safety. T M AI/ENVIRONMENT MODEL W VEHICLE INTEGRATION object fusion free space detection road model prediction driving strategy / planning motion control safe vehicle management up to the limits fail operational architecture (intel) M W Page 13#14EXPANDING OUR MOBILITY SERVICES. ChargeNow *DriveNow P ParkNow Reach Now BMW Group Investor Presentation, April 2017 Page 14 777777#15GLOBAL ANNUAL PREMIUM SEGMENT SALES ARE EXPECTED TO GROW TO 9.5 MN UNITS BY 2021. 10,000 9,000 8,000 7,000 6,000 5,000 Region ('000 units) 2016 2021 4,000 Chg. World 8,184 9,519 16% 3,000 Rest of World 629 789 25% BRIKT* 457 642 40% 2,000 China (Mainland) 1,968 2,629 34% Japan 240 252 5% 1,000 North America 1,914 2,270 19% Western Europe 2,976 2,936 -1% 0 2016 2017 2018 BMW Group Investor Presentation, April 2017 Source: Global Insight 12/2016 Rest of World, CAGR +3.8% BRIKT*, CAGR +5.8% China, CAGR +4.9% Japan, CAGR +0.9% North America, CAGR +2.9% Western Europe, CAGR -0.2% 2019 2020 2021 *BRIKT refers to Brazil, Russia, India, South Korea and Turkey Page 15#16LUXURY MORE THAN 70% OF EXPECTED ANNUAL SALES VOLUME WILL BE RENEWED UNTIL 2020. BMW M760Li BMW 5 series family 1 AAAA BMW i8 BMW X7 Roadster S A AAAA AAAAAAAA BMW X3 SMALL/ COMPACT MINI BMW 1 series Countryman sedan (China) 2017 Z BMW X2 BMW Group Investor Presentation, April 2017 2018 Schematic illustration of future launch dates 2019 2020 Page 16#17BMW SIXTH GENERATION OF BMW 7 SERIES. THE NEW BENCHMARK IN THE LUXURY SEGMENT. TwinPower Torto BMW BMWG. bup inrostor Presentation, April 2017 MeXF 5109 સલમાન બનાવ Page 17#18SEVENTH GENERATION OF BMW 5 SERIES. SPORTINESS AND EVERYDAY USABILITY. BMW Group Investor Presentation, April 2017 D M ZC 7425 MPERFORMANCE BMW 13 Page 18#19BMW 1 SERIES SEDAN. SPORTY, HIGHLY EMOTIONAL MODEL EXCLUSIVELY FOR THE CHINESE MARKET. | 金制BMW 1系运动车 BMW Group Investor Presentation, April 2017 | 全新BMW 1系运动轿车| Page 19#20KEEPING THE LEAD. FURTHER EXPANSION OF THE X-PORTFOLIO PLANNED UNTIL 2020. BMW X1 MYP 8036 BMW X5 M.NG 4487 BMW Group Investor Presentation, April 2017 BMW X2* BMW X6 M.KC 8641 BMW X3 *Concept Car BMW X4 N.VX 7709 M.PN 3751 BMW X7 Page 20#21BMW GROUP ACHIEVES SIXTH CONSECUTIVE ALL-TIME SALES HIGH AND REMAINS WORLD'S LEADING PREMIUM CAR COMPANY IN FY 2016. BMW GROUP B M (MINI) M Rolls-Royce Motor Cars Limited BMW Motorrad M.EE 7779 2,367,603 +5.3% 2,003,359 360,233 +5.2% +6.4% 4,011 +6.0% 145,032 +5.9% M.DE 7774 WEA 7778 BMW Group Investor Presentation, April 2017 Sales figures FY-2016 Page 21#22BMW GROUP AUTOMOTIVE: BALANCED SALES DISTRIBUTION AND SOLID FY 2016 GROWTH OF +5.3% TO NEW RECORD OF 2,367,603 VEHICLES. Asia (w/o China) -7.2% 19% Americas 460,398 units +9.2% 46% Europe 1,092,155 units Mainland China & Rest of World +11.4% +3.0% 22% BMW Group Investor Presentation, April 2017 Sales figures FY-2016 (figures may not add to 100% due to rounding) 516,785 units 13% 298,265 units Page 22#23STRONG BMW GROUP SALES WITH DELIVERIES UP 5.3% BY MARCH 2017. BMW GROUP B M (MINI) M Rolls-Royce Motor Cars Limited BMW Motorrad BMW Group Investor Presentation, April 2017 M.EE 7779 587,237 +5.3% 503,445 +5.2% 83,059 +6.1% 733 +33.0% 35,636 +5.5% M.DE 7774 Sales figures YTD March 2017 WEA 7778 Page 23#24BMW GROUP AUTOMOTIVE SALES UP 5.3% IN THE FIRST THREE MONTHS 2017. +1.9% 17% Americas 101,987 units +4.2% 46% Europe 267,841 units Asia (w/o China) Mainland China & Rest of World +12.4% 1.5% 24% 142,828 units BMW Group Investor Presentation, April 2017 Rolls Royce is included in "Rest of World", YTD March 2017 (figures may not add to 100% due to rounding) 13% 74,581 units Page 24#25BMW GROUP AUTOMOTIVE MAJOR MARKETS. DELIVERIES TO CUSTOMERS YTD MARCH 2017. Deliveries of automobiles YTD 2017 YTD 2016 Change in % Europe 267,841 257,012 4.2 thereof Germany 1) 76,609 72,397 5.8 Great Britain 62,925 59,162 6.4 France 21,939 20,811 5.4 Italy 21,275 19,951 6.6 Americas 101,987 100,081 1.9 thereof USA 81,933 81,452 0.6 Asia 199,845 182,982 9.2 thereof China Mainland 142,828 127,105 12.4 thereof BBA retail sales Japan 90,172 81,900 10.1 19,642 18,668 5.2 Rest of the World (incl. RR) 2) 17,564 17,569 0.0 Total 587,237 557,644 5.3 BMW Group Investor Presentation, April 2017 1) Registrations ²) Rolls-Royce sales are included in "Rest of the World", YTD March 2017 Page 25#26BMW AND MINI RETAIL DEVELOPMENT IN MAINLAND CHINA. Share of JV Sales 62% 59% 53% 48% 32% 41% 43% 51% 61% 61% 61% 64% 63% +1.7% +11.3% 516.4 +16.7% 456.0 463.7 in '000 units +19.7% 390.7 Import JV Sales +40.3 % 316.2 326.4 275.9 282.0 198.5 +37.6% 141.2 232.6 +86.7 % +12.4% 169.0 94.4 +37.5% 142.8 +27.5% 53.7 127.1 +41.9% 90.5 185.3 192.2 200.2 65.8 180.1 181.7 90.2 81.9 51.6 43.7 138.2 36.4 115.3 35.2 30.6 22.6 46.8 45.2 52.6 13.8 21.0 30.7 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD 2016 YTD 2017 BMW Group Investor Presentation, April 2017 Sales figures YTD March 2017 Page 26#27BMW MOTORRAD. WIDER RANGE THAN EVER BEFORE. ADVENTURE TOUR SPORT ROADSTER HERITAGE BMW Group Investor Presentation, April 2017 RV Motos RE URBAN MOBILITY Page 27#28BMW GROUP FINANCIAL SERVICES AT A GLANCE. Global Presence as of 12/2016 Global Operations in 57 Countries ~ 4.7 Million Serviced Retail Contracts Business Lines af of 12/2016 M 3 (MINI) Retail Finance € 88.4 bn Alphabet Fleet Business € 11.7 bn EU Bank BMW Card 30% 28% Americas 18% 25% Asia, Pacific EMEA BMW Group Investor Presentation, April 2017 Dealer Finance € 18.3 bn ALPHERA Financial Services Multi Make Financing € 8.0 bn 2007 Insurance 3.4 mn contracts Banking € 13.5 bn BMW Page 28#29SIGNIFICANT CONTRIBUTION OF FINANCIAL SERVICES TO BMW GROUP PROFIT. Profit before Tax (PBT) Financial Services [in mn €] 743 685 365 2,166 1,975 3) 1,790 1,723 1,619 439 1,561 124 1,214 ²) 122 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 -2921) 1) FY-08 EBT includes a negative effect of EUR 1,057 million from additional credit and residual value risk provisions. 2) FY-10 EBT includes a positive effect of EUR 122 million from better than expected off-lease business. BMW Group Investor Presentation, April 2017 3) FY-11 EBT includes a positive effect of EUR 439 million from adjustment of residual value and credit risk provisions and a better than expected off-lease business. 4) FY-12 EBT includes a positive effect of EUR 124 million from better than expected off-lease business. Page 29#30BMW GROUP FINANCIAL SERVICES. SOLID DEVELOPMENT OF CREDIT LOSS RATIO. Credit loss ratio* [in %] 0.46 0.41 0.84 0.67 0.59 0.49 0.50 0.48 0.46 0.37 0.32 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 BMW Group Investor Presentation, April 2017 * Definition Credit Loss Ratio: credit losses in relation to the average serviced portfolio. Credit losses: all write offs, meaning the lost receivable including accumulated interest and other costs less utilized collateral. Income related to the recovery process after write off is also taken into consideration. Page 30#31BMW GROUP - 2016 FINANCIAL YEAR. POSITIVE BUSINESS DEVELOPMENT DESPITE CHALLENGING POLITICAL AND ECONOMIC CONDITIONS. BMW Group FY-2016 Earnings before tax - Group (in m€) 9,665 FY-2015 9,224 Change in % +4.8 EBT margin (in %) - Group 10.3 10.0 +0.3 pp Automotive Segment Automotive sales (units) 2,367,603 2,247,485 +5.3 Earnings before interest and tax (EBIT) (in m€) 7,695 7,836 -1.8 EBIT margin (in %) 8.9 9.2 -0.3 pp Net financial assets (m€) 19,520 16,911 +15.4 Motorcycles Segment Sales (units) 145,032 136,963 +5.9 Earnings before interest and tax (EBIT) (in m€) 187 182 +2.7 EBIT margin (in %) 9.0 9.1 -0.1 pp Financial Services Earnings before tax (EBT) (in m€) Penetration rate (in %) Credit loss ratio (in %) BMW Group Investor Presentation, April 2017 2,166 1,975 +9.7 49.6 46.3 +3.3 pp 0.32 0.37 -0.05 pp Page 31#32THE BMW GROUP CONTINUED TO CHART A COURSE OF PROFITABLE GROWTH IN THE FOURTH QUARTER 2016. BMW Group Earnings before tax - Group (in m€) EBT margin (in %) - Group Q4-2016 Q4-2015 1,924 2,110 Change in % -8.8 7.7 8.4 -0.7 pp Automotive Segment Automotive sales (units) 620,965 602,675 +3.0 Earnings before interest and tax (EBIT) (in m€) 1,917 2,311 -1.7 EBIT margin (in %) 8.3 9.6 -1.3 pp Net financial assets (m€)* 19,520 16,911 +15.4 Motorcycles Segment Sales (units) 28,988 24,552 +18.1 Earnings before interest and tax (EBIT) (in m€) -37 -91 n.a. EBIT margin (in %) -8.8 -26.2 n.a. Financial Services Earnings before tax (EBT) (in m€) Penetration rate (in %)* Credit loss ratio (in %)* BMW Group Investor Presentation, April 2017 525 458 +14.6 49.6 46.3 +3.3 pp 0.32 0.37 -0.05 pp Page 32 *FY-2016#33EBIT MARGIN IN THE AUTOMOTIVE SEGMENT WITHIN OR ABOVE TARGET RANGE OF 8-10% FOR SEVENTH YEAR IN SUCCESSION. EBIT margin development automotive segment [in %] 8.0 11.8 10.8 9.6 9.4 9.2 8.9 Target corridor: 8-10% 2010 2011 2012 2013* 2014 2015 2016 BMW Group Investor Presentation, April 2017 Page 33#34AUTOMOTIVE SEGMENT. 2015 TO 2016 EBIT DEVELOPMENT. In m€ 7,836 +200 -70 +89 -143 -217 Volume/ Mix/ Depreciation Other changes income and Market expenses EBIT 2015 Net effect from Other exchange rates/ operating commodities EBIT margin 9.2% BMW Group Investor Presentation, April 2017 7,695 EBIT 2016 EBIT margin 8.9% M&GT 7574 Page 34#35SOLID FREE CASH FLOW DEVELOPMENT IN THE AUTOMOTIVE SEGMENT. Free Cash Flow (Automotive)* [in m€] n.a. 2,277 1,456 197 4,471 3,809 3,481 3,166 3,003 5,792 5,404 2006 2007 2008 2009** 2010 2011** 2012 2013** 2014 2015 2016 Target: > 3 billion * Definition: Free cash flow corresponds to the cash inflow from operating activities of the Automobiles segment less the cash outflow for investing activities of the Automobiles segment adjusted for net investment in marketable securities and term deposits. 2009-2015 as reported, 2007 & 2008 calculated according to above definition from reported figures. No cash flow reporting on segment level in 2006. 2009, 2011, 2013 figures have been adjusted in accordance with IAS 8. BMW Group Investor Presentation, April 2017 ** Page 35#36ONGOING RESEARCH & DEVELOPMENT PROJECTS TO MAKE BMW GROUP FUTURE PROOF. R&D Ratio R&D Costs* [in m€, HGB] [in %, HGB] ** 6.5 6.3 5.6 5.7 5.6 5.4 5.1 4.8 4.9 .... 4.6. 5.5 ...... Target ratio: 5-5.5 % 4,792 5,169 5,164 4,566 3,952 3,208 3,144 3,373 2,864 2,448 2,773 2006 2007 2008 2009 2010 2011 2012 2013*** 2014 2015 2016 HGB: German Commercial Code BMW Group Investor Presentation, April 2017 * R&D Expenditure: Research and development expenses plus capitalized research and development cost minus amortization of capitalized development costs. ** R&D Ratio: R&D expenditure divided by Group revenues. *** 2013 figures have been adjusted in accordance with IAS 8. Page 36#37TIGHT MANAGEMENT OF CAPITAL EXPENDITURE TO ACHIEVE TARGET RATIO. BMW Group Capital Expenditure* [in m€] Capex Ratio** [in %] 5.7 5.6 5.2 6.5 65 5.7 5.4 4.7 4.2 4.0 3.8 4.0 Target ratio: <5% 4,967 4,601 4,151 3,826 3,731 2,777 2,933 2,980 2,720 2,383 2,312 2006 2007 2008 2009 2010 2011 2012 2013*** 2014 2015 2016 BMW Group Investor Presentation, April 2017 ** * Capital Expenditure: additions to property, plant and equipment and other intangible assets (definition has been changed in 2016). Capital expenditure ratio: Capital expenditure divided by Group revenues. *** 2013 figures have been adjusted in accordance with IAS 8. Page 37#38OUTLOOK FOR 2017. POSITIVE BUSINESS DEVELOPMENT EXPECTED DESPITE CHALLENGES. BMW Group Slight increase in EBT compared with previous year Automotive Segment Slight increase in deliveries and revenues compared with the previous year EBIT margin in the target range of 8-10% Slight decrease of Return on Capital Employed (ROCE) Financial Services Segment Return on equity of at least 18%, slight decrease compared to previous year Motorcycles Segment Significant increase in deliveries compared with the previous year EBIT margin in the target range of 8-10% Return on Capital Employed (RoCE) at previous year's level BMW Group Investor Presentation, April 2017 Page 38#39FINANCIAL TARGETS 2020: SUSTAINABLE GROWTH AND SOLID PROFITABILITY DESPITE CHALLENGES. BMW Group 2016 2020 EBT margin (from 2017) 10.3% >10% Investment ratio* 4.0% <5.0% Research and development ratio 5.5% 5.0-5.5% Payout ratio 33.3% 30-40% Automotive Segment EBIT margin Free Cashflow 8.9% 5.8 bn € 8-10% >3 bn € Motorcycles Segment Sales volume EBIT margin (from 2017) 145,032 units 9.0% > 200,000 units 8-10% Financial Services Segment Return on Equity 21.2% >18% * Investments in property, plant and equipment and other intangible assets (without capitalized development costs). BMW Group Investor Presentation, April 2017 Page 39#40MAINTAINING THE AUTOMOTIVE EBIT MARGIN IN THE CORRIDOR OF 8-10% DESPITE ONGOING CHALLENGES. 10% 8% Market and Future costs Regulatory requirements competitive environment Volatility Expansion & optimization Retail sales growth New technologies/ product portfolio Autos and Motorcycles equipment options BMW Group Investor Presentation, April 2017 Ongoing efficiency measures to compensate the cost burden Reduction of material costs Benefits from digitalization Efficiency measures Page 40#41BMW GROUP'S FINANCE STRATEGY COVERS THE ENTIRE AUTOMOTIVE VALUE CHAIN. BMW GROUP CORPORATE FINANCE STRATEGY REFLECTS THE INDUSTRIAL NATURE OF THE BUSINESS AND IS FOCUSED ON THE ENTIRE AUTOMOTIVE VALUE CHAIN. Automotive value chain (€ Research & Development Production Sales & Marketing Financial Services BMW Group Investor Presentation, April 2017 Page 41#42DIVERSIFIED FUNDING MIX WITH A COMBINATION OF INDUSTRY AND BANK TYPICAL FINANCING INSTRUMENTS. Funding Instruments Financial Debt as of 31.12.2016 Derivative Other Commercial instruments 1% <1yr 1yr 2yrs 3yrs 4yrs 5yrs 7yrs 10yrs+ paper 4% 3% CP (EMTN) PPs Bonds Banks loans ABCP ABS Customers deposits Fed BCD's Funds Industry-typical instruments Bank-typical instruments BMW Group Investor Presentation, April 2017 Liabilities from customer deposits 14% Bonds 46% 97.7 bn € Liabilities to banks 15% ABS 17% Page 42#43BMW GROUP INVESTOR RELATIONS. CONTACTS. PREPARED FOR THE FUTURE. Torsten Schüssler Head of Investor Relations Bernd Daser Debt & Equity IR +49-89-382-25387 [email protected] Tanja Seiler Equity & SRI IR +49-89-382-75161 [email protected] http://www.bmwgroup.com/ir BMW Group Investor Presentation, April 2017 +49-89-382-31684 [email protected] Andreas Stöffler Equity IR +49-89-382-17944 [email protected] IR Contact BMW Group Investor Relations Petuelring 130 80788 Munich [email protected] Patrick Neumayer Debt & Equity IR Americas +1-201-307-4210 [email protected] Ziye Zhou Debt & Equity IR +49-89-382-16190 [email protected] Page 43#44BMW GROUP INVESTOR RELATIONS. FINANCIAL CALENDAR 2017. 21.03.2017 Annual Accounts Press Conference 2017 22.03.2017 Analyst and Investor Conference 2017 04.05.2017 Quarterly Report to 31 March 2017 11.05.2017 Annual General Meeting 2017 03.08.2017 Quarterly Report to 30 June 2017 07.11.2017 Quarterly Report to 30 September 2017 PREPARED FOR THE FUTURE. http://www.bmwgroup.com/ir BMW Group Investor Presentation, April 2017 Page 44#45BMW GROUP INVESTOR RELATIONS. ON THE ROAD 2017. 09.05.2017 Evercore Conference 16.05.2017 17./18.05.2017 Canada & US West Coast Roadshow UniCredit Automotive Credit Conference Berenberg Conference New York Montreal & Toronto London New York 23.05.2017 31.05.2017 Natixis Industrials Conference Paris 05./06.06.2017 J.P. Morgan Global China Summit 2017 Beijing 13.06.2017 J.P. Morgan European Automotive Conference London 13.06.2017 Berenberg Madrid Seminar 2017 Madrid 21.06.2017 dbAccess Berlin Conference Berlin PREPARED FOR THE FUTURE. http://www.bmwgroup.com/ir BMW Group Investor Presentation, April 2017 Page 45#46DISCLAIMER. This document contains forward-looking statements that reflect BMW Group's current views about future events. The words "anticipate," "assume," "believe," "estimate," "expect," "intend," "may," "can," "could," "plan," "project," "should" and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties or may be affected by factors outside BMW Group's control, including adverse developments in global economic conditions resulting in a decline in demand in BMW Group's key markets, including China, North America and Europe; a deterioration in credit and financial markets; a shift in consumer preferences affecting demand for BMW Group's products; changes in the prices of fuel or raw materials; disruption of production due to shortages of materials, labor strikes or supplier insolvencies; the effective implementation of BMW Group's strategic goals and targets; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; and other risks and uncertainties, including those described under the heading "Report on Risks and Opportunities" in BMW Group's most recent Annual Report. If any of these risks and uncertainties materializes or if the assumptions underlying any of BMW Group's forward-looking statements prove to be incorrect, actual results may be materially different from those BMW Group expresses or implies by such statements. BMW Group does not intend or assume any obligation to update these forward-looking statements. BMW Group Investor Presentation, April 2017 Page 46