Investor Presentaiton

Chemicals is a strong earnings contributor EBIT after cost of capital* in million 2,000 150 years Q-BASF We create chemistry 1,500 1,000 500 0 2004 2005 2006** 2007** 2008 2009 2010 2011 2012 restated 2013 EBIT after cost of capital Chemicals Chemicals earned a premium on cost of capital even during the 2008 / 2009 recession* BASF Capital Market Story January 2015 EBIT after cost of capital concept was introduced in 2004. ** Without Catalysts (now part of Functional Materials & Solutions segment) *** The former Plastics segment also earned a premium on cost of capital during the 2008/2009 recession. *** 31

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