Investor Presentaiton

Chemicals with stable profitability, little correlation to oil price EBITDA margin Chemicals / oil price Index 2001 = 100 150 years Q-BASF We create chemistry 500 400 300 200 100 Oil price EBITDA margin Chemicals (as % of sales) 2011 2012 2013 restated 0 2001 2002 2003 2004 2005 2006* 2007* 2008 2009 2010 BASF Capital Market Story January 2015 Without Catalysts (now part of Functional Materials & Solutions segment) 30

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