BMW Group Investor Presentation

ONGOING RESEARCH & DEVELOPMENT PROJECTS TO MAKE BMW GROUP FUTURE PROOF. R&D Ratio R&D Costs* [in m€, HGB] [in %, HGB] ** 6.5 6.3 5.6 5.7 5.6 5.4 5.1 4.8 4.9 .... 4.6. 5.5 ...... Target ratio: 5-5.5 % 4,792 5,169 5,164 4,566 3,952 3,208 3,144 3,373 2,864 2,448 2,773 2006 2007 2008 2009 2010 2011 2012 2013*** 2014 2015 2016 HGB: German Commercial Code BMW Group Investor Presentation, April 2017 * R&D Expenditure: Research and development expenses plus capitalized research and development cost minus amortization of capitalized development costs. ** R&D Ratio: R&D expenditure divided by Group revenues. *** 2013 figures have been adjusted in accordance with IAS 8. Page 36

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