BMW Group Investor Presentation

OUTLOOK FOR 2017. POSITIVE BUSINESS DEVELOPMENT EXPECTED DESPITE CHALLENGES. BMW Group Slight increase in EBT compared with previous year Automotive Segment Slight increase in deliveries and revenues compared with the previous year EBIT margin in the target range of 8-10% Slight decrease of Return on Capital Employed (ROCE) Financial Services Segment Return on equity of at least 18%, slight decrease compared to previous year Motorcycles Segment Significant increase in deliveries compared with the previous year EBIT margin in the target range of 8-10% Return on Capital Employed (RoCE) at previous year's level BMW Group Investor Presentation, April 2017 Page 38

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