Investor Presentaiton

Capex in line with revenues to support top and bottom-line growth Consolidated sales indexed (2000 = 100) 150 years Q-BASF We create chemistry Capex as % of sales 400 350 300 250 200 150 100 50 0 16% Capex outlook 14% Consolidated sales Chemicals segment. 12% 10% 8% 6% 4% -Capex as % of sales Chemicals segment 2% 0% 2000 2001 2002 2003 2004 2005 2006* 2007* 2008 2009 2010 2011 2012 2013 2014 2015 2016 restated BASF Capital Market Story January 2015 Without Catalysts (now part of Functional Materials & Solutions segment) 39

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