BMW Group Investor Presentation

OUTLOOK FOR 2018. BMW GROUP AUTOMOTIVE MOTORCYCLES Moderate decrease of pre-tax earnings compared to the previous year* Deliveries slightly higher than the previous year Revenues slightly lower than the previous year EBIT margin at least 7% Slight increase in deliveries compared to the previous year EBIT margin in target corridor of 8-10% BMW Group Investor Presentation, December 2018 FINANCIAL SERVICES Return on equity of at least 14%, slight decrease *Possible positive earnings effects from a regulatory approval of the planned mobility services joint venture with Daimler AG in 2018 continue to not be reflected in the adjusted outlook. Page 46

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