Investor Presentaiton

150 years Cost curve case study: TDI Europe TDI cash cost curve, Europe average cash costs 2015 in US$/kg Ludwigshafen BASF new Cash costs BASF Europe BASF Schwarzheide Q-BASF We create chemistry New Ludwigshafen TDI plant will provide superior cost structure in Europe Leading single-train technology ■ New TDI plant strengthens and benefits from Ludwigshafen Verbund ■ Schwarzheide plant to be closed after start-up of new plant New TDI plant re-balances competitive environment of European TDI market BASF Capital Market Story January 2015 Production capacity Source: BASF estimate 42

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