BMW Group Investor Presentation

TIGHT MANAGEMENT OF CAPITAL EXPENDITURE TO ACHIEVE TARGET RATIO. BMW Group Capital Expenditure* [in m€] Capex Ratio** [in %] 4,967 4,601 4,151 3,826 3,731 2,933 2,980 6.5 2,777 5.7 5.7 2,720 5.4 5.6 5.2 2,383 2,312 4.7 4.0 3.8 4.688 4.8 4.0 2,817 2,889 Target ratio: <5% 4.2 4.0 3.8 2006 2007 2008 2009 2010 2011 2012 2013*** 2014 2015 2016 2017 9M-20179M-2018 BMW Group Investor Presentation, December 2018 * 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 45

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