BASF Investor Day Chemicals Segment - Intermediates

Verbund integration means flexibility and value capture e.g. Acetylene/BDO value chain Ludwigshafen Q-BASF The Chemical Company merchant market outlets Merchant Natural Gas Acetylene BDO THF PolyTHFⓇ GBL PBT The C1 value chain generated ~€0.5 billion cash flow in 2013 Captive BASF Investor Day Chemicals segment - Intermediates, May 22, 2014 BDO-1,4-Butanediol; GBL-gamma-Butyrolactone; THF-Tetrahydrofuran; PBT=Polybutylene terephthalat 12

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