Investor Presentaiton

Strong free cash flow contribution to BASF Group Cash flow Oil & Gas* (million ) 150 years D-BASF We create chemistry 2.000 1.500 1.000 500 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Operating cash flow Oil & Gas Free cash flow** Oil & Gas ~40% of operating cash flow to BASF Group (avg. 2004-2013) BASF Capital Market Story January 2015 * Wintershall cash flow ** Free cash flow: Operating cash flow less payments related to property, plant and equipment and intangible assets 51

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