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Investor Presentaiton

Chemicals segment accounts for one third of all capex Capex budget 2014-2018 by segment 150 years Q-BASF We create chemistry High capex intensity commands extraordinary focus on capex allocation and project control Performance Products 15% Agricultural Solutions 7% Functional € 20 billion Materials & Solutions 12% Other 13% Chemicals* 33% Oil & Gas 20% ■ Extensive use of cash-cost benchmarking ◉ Preparation of solid business cases for all projects ensures sound decision-making Projects approved only if cost of capital is earned even at hypothetical marginal producer price level BASF Capital Market Story January 2015 38 Including gas-to-propylene project U.S. Gulf Coast, TDI Ludwigshafen, MDI Chongqing, Isononanol Maoming

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