BMW Group Investor Presentation

TIGHT MANAGEMENT OF CAPITAL EXPENDITURE TO ACHIEVE TARGET RATIO. BMW Group Capital Expenditure* [in m€] Capex Ratio** [in %] 5.7 5.6 5.2 6.5 65 5.7 5.4 4.7 4.2 4.0 3.8 4.0 Target ratio: <5% 4,967 4,601 4,151 3,826 3,731 2,777 2,933 2,980 2,720 2,383 2,312 2006 2007 2008 2009 2010 2011 2012 2013*** 2014 2015 2016 BMW Group Investor Presentation, April 2017 ** * 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 37

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