We add value as one company

150 years Hans-Ulrich Engel CFO of BASF SE Roadshow Boston & New York October 29-30, 2015 150 years We add value as one company BASF Capital Market Story October 2015 1

Cautionary note regarding forward-looking statements 150 years This presentation may contain forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. Forward-looking statements may include, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. BASF has based these forward-looking statements on its views and assumptions with respect to future events and financial performance. Actual financial performance could differ materially from that projected in the forward-looking statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than anticipated. Given these uncertainties, readers should not put undue reliance on any forward-looking statements. The information contained in this presentation is subject to change without notice and BASF does not undertake any duty to update the forwardlooking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations. BASF Capital Market Story October 2015 2

150 years BASF Share information Ordinary Share information Symbol: BAS Trading Platform: Deutsche Börse ISIN: DE000BASF111 IPO: January 30, 1952 Type of shares: Registered shares Trading lot: none, one share is tradable Free float (according to Deutsche Börse): 100 % Number of subscribed shares outstanding (as of 12/31/2014): 918,478,694 ADR information Symbol: BASFY OTC Trading Platform: OTCQX CUSIP: 055262505 Ratio: 1 ADR : 1 Ordinary Share Depositary bank: Deutsche Bank Trust Company Americas Tel: +1 212 250 9100 (New York broker desk) Tel: +44 207 547 6500 (London broker desk) E-mail: adr@db.com Website: www.adr.db.com Depositary bank s local custodian: Deutsche Bank AG, Frankfurt BASF Capital Market Story October 2015 3

We create chemistry for a sustainable future 150 years Positioning Performance Perspective Geismar, USA Freeport, USA Ludwigshafen, Germany Antwerp, Belgium Nanjing, China Kuantan, Malaysia 90 80 70 60 50 40 30 20 2008 2009 2010 2011 2012 2013 2014 2015 Verbund site The #1 chemical company 74 billion sales, 7.4 billion EBIT bsi in 2014 #1-3 in ~70% of businesses, in almost all countries 6 integrated Verbund sites, production in 60 countries A track record of strong sales and earnings growth 12% average annual dividend increase, >3% yield in every single year* ~ 63 billion market capitalization Sept. 2015 Chemistry as an enabler BASF has superior growth opportunities: sustainable innovations investments emerging markets BASF Capital Market Story October 2015 * For 2004-2014 4

150 years BASF today a well-balanced portfolio Total sales 2014: 74 billion Percentage of sales 2014* * Not depicted here: ~5% of Group sales reported as Other. Paper Chemicals results have been incl. in Performance Products BASF Capital Market Story October 2015 until the end of 2014. Thereafter Paper Chemicals has been dissolved; ** Natural Gas Trading has been sold Sep. 30, 2015 to Gazprom. 5

150 years Verbund: Unique competitive advantage Verbund generates > 1 billion p.a. global cost savings* & supports sustainability Global reduction in carbon emissions of 6 million metric tons/a. and reduction of waste Example Ludwigshafen site: avoidance of 7 million metric tons of freight/a. = 280,000 fewer truckloads Shared use of on-site facilities: fire department, security, waste water treatment and analytics BASF Capital Market Story October 2015 * Savings include only tangible synergies. Additional (intangible) benefits and retained profits are not included. 6

Q3 2015 reporting Business development Path forward: Our priorities BASF Capital Market Story October 2015 7

Third-quarter sales and EBIT bsi down in a difficult economic environment 150 years Business performance Q3 15 Q3 14* vs. Q3 14* Sales 17.4 billion 18.3 billion (5%) EBITDA 2.9 billion 2.5 billion +14% EBIT before special items 1.6 billion 1.8 billion (10%) EBIT 1.9 billion 1.7 billion +8% Net income 1.2 billion 1.0 billion +19% Reported EPS 1.31 1.11 +18% Adjusted EPS 1.07 1.24 (14%) Operating cash flow 3.4 billion 2.2 billion +51% Sales development Period Volumes Prices Portfolio Currencies Q3 15 vs. Q3 14 (1%) (8%) 0% 4% * Previous year values restated due to dissolution of disposal group Natural Gas Trading BASF Capital Market Story October 2015 8

150 years Strong free cash development Q1-Q3 2015 Free cash flow* (in billion ) 5 4 3 3.3 3.5 3.2 2.5 3.2 3.9 3.7 2.6 3.2 4.1 2 1.7 1 0 2005 2006 2007 2008 2009** 2010 2011 2012 2013 2014 Q1-Q3 2015 * Cash provided by operating activities less capex (in 2005 before CTA) BASF Capital Market Story October 2015 ** 2009 adjusted for re-classification of settlement payments for currency derivatives 9

150 years Revised Outlook 2015 Outlook 2015 We aim to increase volumes excluding the effects of acquisitions and divestitures. Due to the divestment of the gas trading and storage business as part of the asset swap with Gazprom and the lower oil price we expect sales to be slightly lower than in 2014. EBIT before special items is expected to be slightly below the level of 2014. The chemicals business is expected to provide a larger contribution than in 2014. Earnings from crop protection will most likely come in slightly below the level of 2014. In Oil & Gas, results will decline significantly caused by the lower oil price and the divestment of the gas trading and storage business. We aim to earn a substantial premium on our cost of capital, but on a lower level than in 2014. Assumptions 2015 GDP: +2.3% (+2.4%) Industrial production: +2.0% (+2.9%) Chemical production (excl. pharma): +3.5% (+3.8%) US$ / Euro: 1.12 (1.15) Brent oil price (US$ / bbl): 55 (60-70) BASF Capital Market Story October 2015 10

Q3 2015 reporting Business development Path forward: Our priorities BASF Capital Market Story October 2015 11

Fundamental trends intact; environment for chemical industry more challenging 150 years CAGR 2010-2015 2011 view today s view Global GDP 3.4% 2.6% Industrial production 4.6% 3.2% Chemical production (excl. pharma) thereof growth contribution of emerging markets 4.9% 3.9% 82% 91% Market dynamics have changed since 2011 Low growth in Europe, Japan and the U.S. Strong growth stimulus in China with spillover effects to other emerging markets Lower feedstock costs Proliferation of some technologies resulted in increased competition Faster build-up of significant new capacities in China resulted in overcapacities Faster than expected commoditization in selected product lines BASF Capital Market Story October 2015 12

150 years Components of growth Sales* analysis 2010 2014 (in billion ) CAGR 80 60 59,6 8,7 Volumes 5.7% 4,9 -[VALUE] 2,8 Prices FX M&A 74,3 40 20 2010 2014 BASF Group w/o Oil & Gas Net sales 2010 Volumes Prices FX M&A 51.4 Oil & Gas 8.2 +3.2 (+1.5% CAGR) +5.5 (+13.7% CAGR) Sales CAGR 2010-2014 +3.9-1.6 +2.2 +3.6% +1.0-0.1 +0.6 +15.7% BASF Capital Market Story October 2015 * 2010, 2011 indicative, adjusted by IFRS 10 & 11 13

Portfolio development towards more market-driven and innovative businesses 150 years Acquisitions Functional crop care Personal care & food Omega-3 fatty acids Enzymes Battery materials Specialty plastics Selected assets in Oil & Gas ~ 4.5 billion sales in emerging and innovation-driven businesses BASF core business Selected transactions 2010 until today Strong partnerships Gazprom Monsanto Petronas Shell Sinopec Statoil Total Yara Divestitures Styrenics Fertilizers Construction equipment, flooring and wall systems Decorative paints in Europe Selected assets in Oil & Gas Natural gas trading Custom synthesis business ~ 20 billion sales* in businesses with limited fit and differentiation potential BASF Capital Market Story October 2015 * Includes sales of non-consolidated businesses (Styrenics, VNG participation) 14

150 years Steady earnings growth EBIT and EBITDA* (in billion, 2001-2014) 12 10 8 6 4 3,7 4,7 4,6 7,0 7,2 4,5 4,8 CAGR EBIT 19.8 % 8,4 5,5 CAGR EBITDA 8.9 % 8,9 6,0 7,7 4,6 6,5 9,9 6,7 11,2 8,0 10,0 10,4 6,7 7,2 11,0 7,6 8,8 5,9 2 2,2 2,2 2,8 0 0,7 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Q1-3 2015 EBITDA EBIT BASF Capital Market Story October 2015 * 2010, 2011 indicative, adjusted by IFRS 10 & 11; 2001 2009 as reported, without non-compensable foreign income taxes on oil production 15

Strong track record in operational excellence 150 years BASF Group* 2001 2014 (Index; CAGR 2001 2014) 350 300 250 200 CAGR EBITDA 9% CAGR Sales 7% EBITDA Sales 150 100 CAGR Fixed Costs 3% Fixed Costs 50 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 BASF Capital Market Story October 2015 * Excl. companies with major IFRS 10/11 restatements, i.e. BASF YPC Nanjing, Libya onshore, other Oil & Gas and Catalysts companies 16

150 years Attractive shareholder return Dividend per share (in ) 3.00 3,0 2.50 2,5 2.00 2,0 1.50 1,5 1.00 1,0 0.50 0,5 0,0 Yield* 1.00 1.50 1.95 1.95 1.70 2005 2008 2011 2014 3.1% 4.1% 3.8% 7.0% 3.9% 2.20 3.7% 2.50 4.6% 2.60 3.7% 2.70 2.80 3.5% 4.0% Dividend policy We want to grow or at least maintain our dividend Key facts Dividend paid out per share 2.80, an increase of 3.7% Average annual dividend increase of approx. 12% (2005-2014) Attractive dividend yield of 4.0% in 2014** Dividend yield above 3% in any given year since 2005 BASF Capital Market Story October 2015 * Dividend yield based on share price at year-end ** Based on BASF share price of 69.88 on Dec 30, 2014 17

150 years Delivering consistent, long-term value Average annual performance with dividends reinvested Last 10 years October 2005 September 2015 Last 5 years October 2010 September 2015 +35.2% BASF +11.9% +2.1% Euro Stoxx 50 +5.7% +6.7% DAX 30 +9.2% +7.5% MSCI World Chemicals +8.7% 0 3 6 9 12 15 18 21 24 27 30 33 36 39 BASF Capital Market Story October 2015 18

Q3 2015 reporting Business development Path forward: Our priorities BASF Capital Market Story October 2015 19

150 years Our strategic principles We add value as one company. We drive sustainable solutions. We innovate to make our customers more successful. We form the best team. BASF Capital Market Story October 2015 20

Fundamental trends intact; chemical production growing faster than GDP 150 years CAGR 2015-2020 2011 view today s view Global GDP 3.2% 3.0% Industrial production 3.7% 3.5% Chemical production (excl. pharma) 4.0% 3.9% thereof growth contribution of emerging markets 89% 82% BASF Capital Market Story October 2015 21

The way forward: Our priorities 150 years Grow sales and earnings faster than global chemical production, driven by Continued focus on innovations Capital expenditures Acquisitions Operational excellence and Verbund advantages Focus on cash generation / conversion Continue with our progressive dividend policy Focus on pruning our portfolio Maintain industry-leading position in sustainability BASF Capital Market Story October 2015 22

Managing volatility: BASF almost perfectly hedged on hydrocarbon price changes 150 years BASF production and consumption of oil and gas (in million boe, 2014) 136 Oil and liquids Natural gas 31 105 >100 Naphtha and other oil based raw materials Natural gas for energy and as raw material Production of oil, liquids and gas Consumption of oil derivatives and gas BASF hydrocarbon consumption almost equals hydrocarbon production BASF Capital Market Story October 2015 23

Strategic lever: Continuous portfolio development 150 years Growth fields Innovation pipeline Specialties and solutions Attractive markets Differentiation by customer proximity and innovations Differentiated commodities Attractive markets Differentiation by process technologies and integration ~ 50% ~ 50% target (in % of sales*) Acquisitions Divestment of businesses e.g. due to lower market attractiveness Commoditization leads to restructuring Divestment of businesses e.g. due to loss of differentiation Keep a balanced portfolio BASF Capital Market Story October 2015 * Excluding Oil & Gas sales 24

Strategic lever: Acquisitions 150 years We want to acquire businesses which Generate profitable growth above the industry average Are innovation-driven Offer a special value proposition to customers Provide a minimum return on investment of 8% p.a. after tax Are EPS accretive by year three at the latest Reduce earnings cyclicality Strategic acquisition criteria Financial acquisition criteria BASF Capital Market Story October 2015 25

Strategic lever: Capital expenditures our philosophy 150 years Differentiated commodities With proprietary technology and/or Verbund advantages Focus on: emerging markets backward integration in the US upgrading our asset base in Europe Specialties and solutions Incremental investments for new products Regional expansion of businesses Oil & Gas Focus investment budget by active portfolio optimization to secure free cash flow Keep reserve-to-production ratio of approx. 10 years BASF Capital Market Story October 2015 26

Implementation of increased capex program will drive profitable growth 150 years Selected major capex projects North America Cracker flexibilization and expansion Battery materials Dispersion polymers Automotive coatings Crop protection products Oil & Gas Aroma chemicals SAP Crop protection products Automotive catalysts Butadiene Admixture systems Specialty plastics Oil & Gas South America TDI complex Precious metal recycling Specialty amines Crop protection products Oil & Gas Chelating agents Polyurethane systems Formic acid Butanediol expansion Crop protection products Ammonia Acrylic acid & SAP Acrylates Crop protection products Oil & Gas Europe Cracker expansion Amines Surfactants Acrylic acid & SAP Resins Specialty plastics Crop protection products Innovation Campus. China Asia Pacific* MDI Polyamides Butanediol / PolyTHF Neopentylglycol Specialty amines Ethylene oxide Isononanol Coating resins Automotive catalysts Process catalysts Care chemicals Automotive catalysts Polymer dispersions Polymer dispersions Polyurethane specialties Specialty plastics Specialty plastics Aroma chemicals 2-Ethylhexanoic acid Polyisobutene Innovation Campus Capex spending Temporarily increased capex is necessary to build the base for further growth to strengthen our value chains to increase our footprint in emerging markets Capex peaked in 2014 with 5.4 billion** Start-ups 2011-2014 Start-ups planned for 2015-2017 BASF Capital Market Story October 2015 * W/o China; ** Investments in property, plant and equipment (without acquisitions) 27

150 years Investments for organic growth Capex budget 2015-2019 (by segment) Capex budget 2015-2019 (by region) Performance Products 15% Asia Pacific 18% Functional Materials & Solutions 13% Agricultural Solutions 6% Other 12% 19.5 billion Chemicals 33% Oil & Gas 21% South America* 8% Other 2% North America 27% 19.5 billion Europe 45% BASF Capital Market Story October 2015 * Includes also regions Africa and Middle East 28

Strategic lever: Sustainability Sustainability goals along the value chain 150 years Suppliers BASF Customers Evaluation of 70% of relevant suppliers with regard to their sustainability performance by 2020 Energy & climate protection Greenhouse gas reduction* of 40% by 2020 (base 2002) Energy efficiency: Introduction of certified energy management system at all major sites by 2020 Water Introduction of sustainable water management at all relevant sites by 2025 Safety, health and security Risk assessment of products by 2020 >99% Health Performance Index** (annual goal) >0.9 Lost-time injuries*** by 2025 0.5 Process safety incidents*** by 2025 0.5 Increase the share of Accelerators from 23% to 28% by 2020 Employees Women in leadership positions Non-German senior executives Senior executives with international experience >80% BASF Capital Market Story October 2015 * Per metric ton of sales products/excluding oil and gas production; ** Highest possible score 1.0; *** Per one million work hours 29

Strategic lever: Sustainability Sustainable Solution Steering 150 years 74.1% 23% Sustainable Solution Steering 2.6% 0.3% Substantial sustainability contribution in the value chain Meets basic sustainability standards in the market Specific sustainability issue which is actively addressed Significant sustainability concern, action plan in development Novel methodology to screen and steer our portfolio* 23% Accelerators: outgrow their markets by 2-10% deliver margins >10% above the average represent >60% of BASF s R&D pipeline 74% Performers <1% Challenged products Increase the share of Accelerators from 23% in 2014 to 28% by 2020 BASF Capital Market Story October 2015 * 60,000 product applications analyzed; covering 98.3% of the relevant portfolio or 66.3bn. in sales (2014 data) 30

Strategic lever: Operational excellence DrivE with ~ 1 bn earnings contribution 150 years Annual earnings contribution (in million ) 5,000 4,000 3,000 2,000 1,000 DrivE program Targeted annual earnings contribution of 1 billion by end of 2018 Optimization of processes and structures in all regions, e.g. manufacturing incremental capacities productivity increase Project timeline: 2016 2018 0 2015 2018 NEXT 2008-2011 DrivE 2016-2018 Former cost saving programs pre- 2008 STEP 2012-2015 BASF Capital Market Story October 2015 31

Profitability of BASF will grow faster than global chemical production 150 years Financial targets for next years Sales growth* Slightly faster than the global chemical production EBITDA growth Well above global chemical production Deliver attractive returns Earn a significant premium on cost of capital Remain a strong cash provider Continuously generate high levels of free cash flow Progressive dividend policy We want to grow or at least maintain our dividend BASF Capital Market Story October 2015 * Without considering Natural Gas Trading and Storage business 32

Appendix I Q3 2015 reporting BASF Capital Market Story October 2015 33

150 years Chemicals Slight earnings growth despite start-up costs Q3 15 segment sales (in million ) vs. Q3 14 EBIT before special items (in million ) Intermediates 707 +1% Monomers 1,522 (4%) 3,640 (13%) Petrochemicals 1,411 (26%) 800 600 400 200 0 726 616 633 580 548 Q3 Q4 Q1 Q2 Q3 2014 2015 Sales development Period Volumes Prices Portfolio Currencies Q3 15 vs. Q3 14 (2%) (16%) (2%) 7% BASF Capital Market Story October 2015 34

150 years Performance Products Earnings impacted by challenging market conditions Q3 15 segment sales (in million ) vs. Q3 14 EBIT before special items (in million ) Performance Chemicals 1,009 (2%) Nutrition & Health 496 (5%) 3,899 (1%) Dispersions & Pigments 1,176 +1% Care Chemicals 1,218 +1% 600 400 200 0 515 376 304 319 217 Q3 Q4 Q1 Q2 Q3 2014 2015 Sales development Period Volumes Prices Portfolio Currencies Q3 15 vs. Q3 14 (2%) (4%) (1%) 6% BASF Capital Market Story October 2015 35

Functional Materials & Solutions Earnings growth on continued good demand in automotive and construction 150 years Q3 15 segment sales (in million ) vs. Q3 14 EBIT before special items (in million ) Performance Materials 1,678 +1% Coatings 753 +2% 4,517 0% Catalysts 1,472 (6%) Construction Chemicals 614 +9% 600 400 200 0 431 458 371 310 220 Q3 Q4 Q1 Q2 Q3 2014 2015 Sales development Period Volumes Prices Portfolio Currencies Q3 15 vs. Q3 14 (1%) (5%) 0% 6% BASF Capital Market Story October 2015 36

Agricultural Solutions Difficult market environment impacts earnings in seasonally slow quarter 150 years Q3 15 segment sales (million ) vs. Q3 14 EBIT before special items (million ) 1.200 900 1,018 +6% 1,077 100 600 50 43 300 0 Q3 Q3 2014 2015 2014 2015 0 Q3 7 Q3 Sales development Period Volumes Prices Portfolio Currencies Q3 15 vs. Q3 14 6% 10% 0% (10%) BASF Capital Market Story October 2015 37

150 years Oil & Gas Higher earnings in Exploration & Production Q3 15 segment sales (million ) vs. Q3 14 EBIT bsi/net income (million ) Natural Gas Trading 2,939 (4%) 3,606 (2%) Exploration & Production 667 +9% 700 600 500 400 300 200 100 0 625 436* 371 260 176 236 292 79 Q3/2014 Net Income Q3/2015 Net Income Sales development Period Volumes Price/Currencies Portfolio Q3 15 vs. Q3 14 2% (6%) 2% Exploration & Production Natural Gas Trading Net income BASF Capital Market Story October 2015 * Previous year values restated due to dissolution of disposal group Natural Gas Trading 38 9

150 years Oil & Gas Impact of projects with Gazprom on BASF s P&L At-equity consolidation (share of net income shown in the EBIT) Proportionally/ fully consolidated Wintershall AG (Libya) 51% Upstream Oil & Gas EBIT Wintershall Achimgaz Noordzee (Achimov area IA) (Netherlands) Financial results 50% 50% Upstream Yuzhno Russkoye Gas Mktg C. 100% Planned Achimov area IV/V* 25% + 1 share GASCADE 50.02% Planned Nord Stream (II) (offshore) 10% Yuzhno Russkoye (SNGP) 35%** Natural Gas Transport Nord Stream (I) (offshore) 15.5% 50.02% NEL = Income before taxes and minority interests./. Income taxes./. Minority interests = Net income 100% Natural Gas Transport OPAL 50.02% 49.98% entitled to Gazprom 50.02% entitled to BASF BASF Capital Market Story October 2015 * incl. Gas Marketing Company ** Economic interest of BASF 39

150 years Review of Other Million Q3 15 Q3 14 Sales 685 977 EBIT before special items (98) (7) Thereof corporate research costs group corporate costs currency results, hedges and other valuation effects other businesses (104) (53) 22 30 (96) (53) 100 23 Special items 26 (20) EBIT (72) (27) BASF Capital Market Story October 2015 40

150 years Cash Flow Strong cash flow in Q1-Q3 2015 Million Q1-Q3 15 Q1-Q3 14* Cash provided by operating activities 8,494 4,932 Thereof changes in net working capital miscellaneous items 2,500 (497) (900) (181) Cash used in / provided by investing activities (4,955) (3,785) Thereof payments related to tangible / intangible assets (4,387) (3,587) acquisitions / divestitures 227 355 Cash used in financing activities (3,504) (995) Thereof changes in financial liabilities dividends (649) (2,900) 1,661 (2,656) Q1-Q3 2015 Cash flow from operating activities increased by 72% to 8.5 billion Cash inflow from changes in net working capital of 2.5 billion Free cash flow improved to 4.1 exceeding free cash flow of FY 2014 BASF Capital Market Story October 2015 * Previous-year figures restated due to dissolution of disposal group Natural Gas Trading 41

150 years Balance sheet remains strong Balance sheet September 30, 2015 vs. December 31, 2014* (in billion ) 72.3 72.3 Highlights September 30, 2015 Total assets increased slightly by ~ 1 billion to 72.3 billion Long-term assets Disposal group Inventories Trade accounts receivable Other assets Liquid funds 71.4 43.9 11.3 10.4 4.1 1.7 45.7 1.1 9.7 9.7 4.3 1.8 71.4 28.2 28.2 15.4 15.4 27.8 27.8 30.6 30.1 15.5 0.5 15.5 0.5 25.3 26.2 Equity Financial debt Disposal group Provisions & other liabilities Inventories decreased by ~ 1.6 billion Trade accounts receivable down by 0.7 billion Net debt nearly unchanged at 13.8 billion Equity up ~ 2 billion and an equity ratio of 42% Dec 31 2014 Sep 30 2015 Dec 31 2014 Sep 30 2015 BASF Capital Market Story October 2015 * Previous year values restated due to dissolution of disposal group Natural Gas Trading 42

150 years 150 years BASF Capital Market Story October 2015 43