Presentation accompanying the Q1 2016 call for investors and analysts on April 29, 2016. Full report available at http://report.basf.com/2016/q1

1. 150 years
BASF with slightly lower earnings before
special items; outlook 2016 confirmed
Analyst Conference Call Q1 2016, April 29, 2016

2. 150 years
BASF Q1 2016 Analyst Conference Call, April 29, 2016 2
Cautionary note regarding
forward-looking statements
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 forward-looking statements,
and the estimates and assumptions associated with them, except to the extent
required by applicable laws and regulations.

3. 150 years
BASF Q1 2016 Analyst Conference Call, April 29, 2016 3
Sales development Volumes Prices Portfolio Currencies
Q1 2016 vs. Q1 2015 0% (6%) (22%) (1%)
Q1 2016: BASF with slightly lower earnings
compared to strong prior-year quarter
Financial figures Q1 2016 Q1 2015 Change
Sales €14.2 billion €20.1 billion (29%)
EBITDA €2.8 billion €2.9 billion (3%)
EBIT before special items €1.9 billion €2.1 billion (8%)
EBIT €1.9 billion €2.0 billion (6%)
Net income €1.4 billion €1.2 billion +18%
Reported EPS €1.51 €1.28 +18%
Adjusted EPS €1.64 €1.43 +15%
Operating cash flow €1.0 billion €2.4 billion (56%)
  

4. 150 years
BASF Q1 2016 Analyst Conference Call, April 29, 2016 4
Milestones in Q1 2016
Start-up of butanediol plant at the integrated
PolyTHF complex in Korla, China
JV with Aventium intended for production of
furandicarboxylic acid (FDCA) in Belgium
Update of peak sales potential for product
launches in Agricultural Solutions
Joint operation of polyoxymethylene (POM)
with Kolon Plastics planned in Korea

5. 150 years
BASF Q1 2016 Analyst Conference Call, April 29, 2016 5
Sales development Volumes Prices Portfolio Currencies
Q1 2016 vs. Q1 2015 (3%) (16%) 0% 0%
Intermediates
646
(12%)
Monomers
1,307
(18%)
Petrochemicals
1,196
(22%)
€3,149
(19%)
EBIT before special items
million €
726
548
633
249
465
0
200
400
600
800
Q1 Q2 Q3 Q4 Q1

20162015
Sales Q1 2016 vs. Q1 2015
million €
Chemicals
Lower margins and higher fixed costs result in considerably
decreased earnings

6. 150 years
BASF Q1 2016 Analyst Conference Call, April 29, 2016 6
Sales development Volumes Prices Portfolio Currencies
Q1 2016 vs. Q1 2015 1% (4%) (2%) (1%)
Performance
Chemicals
955
(10%)
Performance Products
Increase in earnings by 6%, supported by successful
restructuring
Care
Chemicals
1,204
(7%)
€3,783
(6%)Nutrition
& Health
488
(5%)
Dispersions
& Pigments
1,136
(2%)
515
304 319
228
547
0
200
400
600
Q1 Q2 Q3 Q4 Q1
 
Sales Q1 2016 vs. Q1 2015
million €
EBIT before special items
million €
20162015


7. 150 years
BASF Q1 2016 Analyst Conference Call, April 29, 2016 7
Catalysts
1,467
(8%)
Coatings
738
(6%)
€4,408
(4%)
Performance
Materials
1,670
(2%)
431 458
371 389
456
0
200
400
600
Q1 Q2 Q3 Q4 Q1
Sales development Volumes Prices Portfolio Currencies
Q1 2016 vs. Q1 2015 5% (7%) 0% (2%)

EBIT before special items
million €
20162015
Construction
Chemicals
533
+6%
Functional Materials & Solutions
Good demand from the automotive and construction
industries
Sales Q1 2016 vs. Q1 2015
million €


8. 150 years
BASF Q1 2016 Analyst Conference Call, April 29, 2016 8
1.898
1.780
0
1.000
2.000
Q1 Q1
Sales development Volumes Prices Portfolio Currencies
Q1 2016 vs. Q1 2015 (5%) 2% 0% (3%)
2016201520162015
(6%)
574 591
0
200
400
600
Q1 Q1
+3%
Agricultural Solutions
Slight earnings increase in a challenging market environment
Sales
million €
EBIT before special items
million €
 

9. 150 years
BASF Q1 2016 Analyst Conference Call, April 29, 2016 9
Sales development Volumes Prices/Currencies Portfolio
Q1 2016 vs. Q1 2015 2% (4%) (86%)

Oil & Gas
Significantly lower sales and earnings

4,249
744
6110
1,000
2,000
3,000
4,000
5,000
Q1 Q1
20162015
* Including transportation business
161
359
47
276
66
-100
100
300
500
EBIT bSI Net income EBIT bSI Net income
Natural Gas TradingExploration & Production
437
276
EBIT before special items, net income
million €
Sales
million €
*
20162015
Q1 Q1
(88%)
Natural Gas TradingExploration & Production
4,993
*
* Including transportation business

10. 150 years
BASF Q1 2016 Analyst Conference Call, April 29, 2016 10
Review of ‘Other’
million € Q1 2016 Q1 2015
Sales 477 688
EBIT before special items (219) (613)
Thereof Corporate research costs (99) (101)
Costs of corporate headquarters (55) (55)
Foreign currency results, hedging and
other measurement effects
68 (382)
Other businesses 18 35
Special items (26) (82)
EBIT (245) (695)

11. 150 years
BASF Q1 2016 Analyst Conference Call, April 29, 2016 11
Cash flow Q1 2016
million € Q1 2016 Q1 2015
Cash provided by operating activities 1,046 2,390
Thereof changes in net working capital (1,248) 309
miscellaneous items (39) 5
Cash used in investing activities (1,258) (1,502)
Thereof payments related to tangible / intangible assets (1,001) (1,278)
acquisitions / divestitures 0 26
Cash used in / provided by financing activities 1,997 (400)
Thereof changes in financial liabilities 1,996 (299)
dividends (4) (101)

12. 150 years
BASF Q1 2016 Analyst Conference Call, April 29, 2016 12
Dec 31
2015
Mar 31
2016
3.1 3.8
Balance sheet remains strong
Balance sheet March 31, 2016 vs. December 31, 2015
billion €
Liquid funds
Accounts
receivable
Long-term
assets
9.5
Other
liabilities
Financial
debt
Stockholders’
equity
Inventories
Other assets
9.7
2.2
10.7
9.6
4.0
27.8
20.9
1.3
28.4
22.4
2.0
15.1
14.4
46.3
70.8
73.7
45.6
Dec 31
2015
Mar 31
2016
70.8 73.7
24.1
15.2
31.5
26.0
16.8
30.9
 Total assets increased by
€2.9 billion, mainly due to
higher cash position and
seasonally-driven increase in
accounts receivable
 Long-term assets slightly lower
caused by currency effects
 Provisions for pension
obligations increased by
€2.0 billion as a result of
lower interest rates
 Net debt slightly declined to
€12.8 billion
 Equity ratio: 42%

13. 150 years
BASF Q1 2016 Analyst Conference Call, April 29, 2016 13
Outlook 2016
 Sales will be considerably below prior year, due to the divestiture of the natural gas trading
and storage activities and the lower oil and gas prices. Excluding the effects of acquisitions
and divestitures, we expect higher volumes in all segments.
 We expect EBIT before special items to be slightly below the previous year driven by
drastically lower earnings of Oil & Gas. We plan higher earnings in our chemicals business
and in the Agricultural Solutions segment.
 EBIT after cost of capital is expected to be significantly below prior year. However, we still
expect to earn a premium on our cost of capital.
Assumptions 2016
 GDP growth: +2.3%
 Growth in industrial production: +2.0%
 Growth in chemical production (excl. pharma): +3.4%
 Exchange rate: $1.10 per euro
 Oil price (Brent): $40 per barrel
Outlook 2016 confirmed

14. 150 years
BASF Q1 2016 Analyst Conference Call, April 29, 2016 14