#1BMW GROUP B M W MINI ROLLS-ROYCE MOTOR CARS LTD BMW GROUP QUARTERLY STATEMENT TO 31 MARCH 2023. 4 MAY 2023.#2QUARTERLY STATEMENT TO 31 MARCH 2023. DR. NICOLAS PETER. MEMBER OF THE BOARD OF MANAGEMENT OF BMW AG. FINANCE. BMW Group Quarterly Statement to 31 March 2023 -2-#3OVERVIEW Q1 2023. BMW Group with solid performance in a challenging business environment All segments with a strong start into 2023 EBIT Margin of 12.1% in Automotive segment Ongoing positive pricing development and favourable product mix, with momentum in the upper price segment BEV sales growth by 83% (BMW brand by 112%) BMW Group Quarterly Statement to 31 March 2023 M W 3-#4BMW GROUP IN Q1. EBT DECREASE DUE TO BBA FULL CONSOLIDATION EFFECT IN 2022. BMW Group Quarterly Statement to 31 March 2023 M-JW1149E Q1 2023 Q1 2022 CHANGE Deliveries [units] 588,138 596,907 -1.5% Revenues 36,853 31,142 +18.3% Group [in m€] Earnings before tax 5,129 12,227 -58.1% Group [EBT; in m€] -4-#5AUTOMOTIVE SEGMENT IN Q1. STRONG PERFORMANCE DRIVEN BY PRICING AND MIX. Deliveries [in units] Q1 2023 01 2022 CHANGE 588,138 596,907 -1.5% Revenues 31,268 26,726 +17.0% [in m€] Earnings before interest and tax 3,777 [EBIT; in m€] 2,367 +59.6% CE 27454 EBIT margin 12.1% 8.9% +3.2%-pts M.S3641E Earnings before tax 3,828 10,420 -63.3% [EBT; in m€] BMW Group Quarterly Statement to 31 March 2023 -5-#6FREE CASHFLOW DEVELOPMENT IN Q1. Free Cashflow Automotive Segment in m€ 1,981 Solid earnings development Higher working capital due to seasonal inventory increase Target for 2023: around €7 billion BMW Group Quarterly Statement to 31 March 2023 X1 Mo -6-#7INVESTING IN OUR TRANSFORMATION. FOCUS ON ELECTROMOBILITY AND DIGITALIZATION. -28> Capex Ratio in % 3.5% 3.6% 2.8% Capital Expenditure* 1,328 in m€ 1,098 759 * Excl. capitalised development costs. BMW Group Quarterly Statement to 31 March 2023 Q1 2021 Q1 2022 Q1 2023 Target for 2023: around 6% -7-#8R&D EXPENDITURE ABOVE PREVIOUS YEAR. R&D ratio (HGB) 4.8% 4.5% BMW Group 4.2% 1,554 R&D 1,391 1,287 expenditure (HGB) in m€ Q1 2021 Q1 2022 Q1 2023 Target from 2023: 4-5% BMW Group Quarterly Statement to 31 March 2023 9009 -8-#9FINANCIAL SERVICES SEGMENT IN Q1. STABLE RISK SITUATION. Q1 2023 Q1 2022 CHANGE Contracts with 347,298 433,429 -19.9% new customers Total volume of new 12,788 14,875 -14.0% customer contracts [in m€] Earnings before tax 945 1,007 -6.2% [EBT; in m€] Penetration rate 36.5% 46.8% -10.3%-pts BMW Group Quarterly Statement to 31 March 2023 -9-#10MOTORCYCLES SEGMENT IN Q1. SALES GROWTH DRIVEN BY ATTRACTIVE PRODUCTS. Deliveries [in units] Q1 2023 Q1 2022 CHANGE www 47,935 47,403 +1.1% Revenues 933 799 +16.8% [in mЄ] Earnings before interest and tax 154 108 +42.6% [EBIT; in m€] EBIT margin 16.5% 13.5% +3.0%-pts Earnings before tax 154 109 +41.3% [EBT; in m€] BMW Group Quarterly Statement to 31 March 2023 ORRAD -10-#11OUTLOOK 2023. STEERING THE COMPANY TOWARDS PROFITABILITY & LEVERAGING EFFICIENCIES. BMW GROUP. M XA131E AUTOMOTIVE SEGMENT. MOTORCYCLES SEGMENT. DELIVERIES. SLIGHT INCREASE. FINANCIAL SERVICES SEGMENT. RETURN ON EQUITY. BETWEEN 14 AND 17%. GROUP EARNINGS BEFORE TAX. SIGNIFICANT DECREASE. SIZE OF WORKFORCE. SLIGHT INCREASE. DELIVERIES. SLIGHT INCREASE. EBIT MARGIN. BETWEEN 8 AND 10%. EBIT MARGIN. BETWEEN 8 AND 10%. BMW Group Quarterly Statement to 31 March 2023 -11-#12WELL-BALANCED BUSINESS AND ATTRACTIVE PRODUCT PORTFOLIO LAY THE FOUNDATION FOR A SUCCESSFUL YEAR 2023. BMW Group Quarterly Statement to 31 March 2023 BMW GROUP CONFIRMS GUIDANCE after solid start into 2023. STRONG FINANCIAL POSITION is the basis for investments in future technologies. BEV SHARE expected to reach 15% of overall sales. CLEAR STRATEGY and operating excellence guide through volatile times with consistent performance. -12-#13CONSUMPTION AND EMISSION DATA. BMW i4 M50. Power consumption in kWh/100km WLTP (combined): 22.5-18.0; CO2-emissions in g/km: 0. BMW iX1 xDrive30. Power consumption in kWh/100 km WLTP (combined): 18.1 – 16.8; CO2-emissions in g/km (combined): 0. BMW iX M60. Power consumption in kWh/100km WLTP (combined): 24.5 - 21.9; CO2-emissions in g/km (combined): 0. BMW iX xDrive 40. Power consumption in kWh/100 km WLTP (combined): 22.5 - 19.3; CO2-emissions in g/km (combined): 0. BMW iX xDrive 50. Power consumption in kWh/100km WLTP (combined): 23 – 19.8; CO2-emissions in g/km (combined): 0. BMW iX3. Power consumption in kWh/100 km WLTP (combined): 18.9 – 18.5; CO2-emissions in g/km (combined): 0. BMW i7 xDrive 60. Power consumption in kWh/100km WLTP (combined): 19.6 - 18.4; CO2-emissions in g/km (combined): 0. * The figures for fuel consumption, CO₂ emissions and power consumption are calculated based on the measurement methods stipulated in the current version of Regulation (EU) 715/2007. This information is based on a vehicle with basic equipment in Germany; ranges take into account differences in wheel and tyre size selected as well as optional equipment and can change based on configuration. The figures have been calculated based on the new WLTP test cycle and adapted to NEDC for comparison purposes. For vehicles that were newly type approved on or after January 1, 2021, official figures are only based on WLTP. In the vehicles, different figures than those published here may apply for the assessment of taxes and other vehicle-related duties which are also based on CO₂ emissions. For further details of the official fuel consumption figures and official specific CO₂ emissions of new cars, please refer to the "Manual on fuel consumption, CO₂ emissions and power consumption of new cars", available at www.dat.de/co2 BMW Group Quarterly Statement to 31 March 2023 -13-