Investor Presentaiton

150 years Acquisitions will contribute to profitable growth in the future We want to acquire businesses which ... Generate profitable growth above the industry average Are innovation-driven Offer a special value proposition to customers Reduce earnings cyclicality Q-BASF We create chemistry Provide a minimum return on investment of 8% p.a. after tax Are EPS accretive by year three at the latest Strategic acquisition criteria Financial acquisition criteria BASF Capital Market Story January 2015 25 25

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