Presentation accompanying the FY 2023 call for investors and analysts on February 23, 2024
Full BASF Report 2023 online available at http://basf.com/report
Presentation accompanying the FY 2022 call for investors and analysts on February 24, 2023
Full BASF Report 2022 online available at https://basf.com/report
- BASF held its Q3 2023 analyst conference call to discuss financial results and business outlook.
- In Q3 2023, BASF's sales declined 28.3% to €15.7 billion due to lower prices and volumes. EBIT before special items was €575 million, in line with analyst estimates.
- For 2023, BASF expects sales between €73-76 billion and EBIT before special items of €4.0-4.4 billion, assuming GDP growth of 2.0% and chemical production growth of 0.0%.
Presentation accompanying the Quarterly Statement Q1 2023 call for investors and analysts on April 27, 2023
Full BASF Quarterly Statement Q1 2023 online available at basf.com/quarterlystatement
Presentation accompanying the Half-Year 2023 call for investors and analysts on July 28, 2023
Full BASF Half-Year 2023 report available at http://basf.com/halfyearfinancialreport
Presentation accompanying the Quarterly Statement 1st Quarter 2022 call for investors and analysts on April 29, 2022
Full BASF Quarterly Statement 1st Quarter 2022 online available at http://basf.com/quarterlystatement
Presentation accompanying the Half-Year 2022 call for investors and analysts on July 27, 2022
Full BASF Half-Year 2022 report available at http://basf.com/halfyearfinancialreport
Presentation accompanying the Quarterly Statement Q3 2022 call for investors and analysts on October 26, 2022
Full BASF Quarterly Statement Q3 2022 report available at https://basf.com/quarterlystatement
Bayer hosted an investor conference call to report its Q2 2022 results and raise its full-year 2022 guidance. Key highlights include:
- Q2 sales increased 18% to €12.8 billion driven by double-digit growth across all divisions.
- Full-year 2022 group sales are expected to increase to €47-48 billion and EBITDA margin is forecast at 26-27%.
- Crop Science sales increased 29% in Q2 and full-year growth is expected to be around 13%. Strong pricing is outpacing cost inflation.
- Pharmaceuticals and Consumer Health also posted sales growth in Q2 and their full-year outlooks were increased.
- Higher sales and
Presentation accompanying the FY 2022 call for investors and analysts on February 24, 2023
Full BASF Report 2022 online available at https://basf.com/report
- BASF held its Q3 2023 analyst conference call to discuss financial results and business outlook.
- In Q3 2023, BASF's sales declined 28.3% to €15.7 billion due to lower prices and volumes. EBIT before special items was €575 million, in line with analyst estimates.
- For 2023, BASF expects sales between €73-76 billion and EBIT before special items of €4.0-4.4 billion, assuming GDP growth of 2.0% and chemical production growth of 0.0%.
Presentation accompanying the Quarterly Statement Q1 2023 call for investors and analysts on April 27, 2023
Full BASF Quarterly Statement Q1 2023 online available at basf.com/quarterlystatement
Presentation accompanying the Half-Year 2023 call for investors and analysts on July 28, 2023
Full BASF Half-Year 2023 report available at http://basf.com/halfyearfinancialreport
Presentation accompanying the Quarterly Statement 1st Quarter 2022 call for investors and analysts on April 29, 2022
Full BASF Quarterly Statement 1st Quarter 2022 online available at http://basf.com/quarterlystatement
Presentation accompanying the Half-Year 2022 call for investors and analysts on July 27, 2022
Full BASF Half-Year 2022 report available at http://basf.com/halfyearfinancialreport
Presentation accompanying the Quarterly Statement Q3 2022 call for investors and analysts on October 26, 2022
Full BASF Quarterly Statement Q3 2022 report available at https://basf.com/quarterlystatement
Bayer hosted an investor conference call to report its Q2 2022 results and raise its full-year 2022 guidance. Key highlights include:
- Q2 sales increased 18% to €12.8 billion driven by double-digit growth across all divisions.
- Full-year 2022 group sales are expected to increase to €47-48 billion and EBITDA margin is forecast at 26-27%.
- Crop Science sales increased 29% in Q2 and full-year growth is expected to be around 13%. Strong pricing is outpacing cost inflation.
- Pharmaceuticals and Consumer Health also posted sales growth in Q2 and their full-year outlooks were increased.
- Higher sales and
Bayer held an investor conference call on May 11th, 2023 to discuss financial results for Q1 2023 and provide an outlook for the full year. Key highlights include:
- Q1 2023 sales were €8.4 billion, down 2% year-over-year due to a decline in glyphosate sales, though the remaining portfolio grew by 8%.
- Full year 2023 guidance was confirmed towards the lower end of the previous range, with sales expected to grow 2-3% and EBITDA between €12.5-13 billion.
- Crop Science sales are expected to grow 1.5% for the full year, with a 30-35% decline in glyphosate
Crop Science sales are expected to decline 5% due to a 50% drop in glyphosate sales returning to 2020 levels, while the core business is forecast to grow 5-7%. Pharmaceutical sales are projected to be flat as growth from new products offsets declines. Consumer Health sales may rise 1% despite supply constraints. The outlook assumes €1.7bn in negative currency effects and €2-3bn in litigation settlement costs.
The document provides a summary of Bayer's Q3 2021 investor conference call. Key highlights include:
- Bayer reported double-digit sales and earnings growth in Q3 2021, driven by strong performances in Crop Science and Consumer Health.
- Full-year 2021 guidance was updated to reflect increased sales growth expectations for Crop Science and Consumer Health, while other group KPI guidance remained unchanged.
- By division, Crop Science delivered particularly strong year-over-year growth in sales and earnings. Pharma and Consumer Health also progressed well despite currency headwinds.
So in summary, Bayer delivered a strong Q3 with sales and profit increases, led by Crop Science. Full-year guidance was
The document provides an overview of preliminary results for fiscal year 2022 for DES Group. Key points include:
- Rent collection was 99% with limited rent concessions. Occupancy remained high at 94.3%.
- Solid cash position of €335M and low loan-to-value of 30.3% as of end of 2022.
- FFO for 2022 exceeded guidance at €2.11 per share. FFO for 2023 is forecast between €2.00-€2.10 per share.
- A capital increase was conducted in January 2023 to finance the acquisition of additional minority stakes in shopping centers, strengthening the financial profile.
Bayer reported financial results for full-year and Q4 2020. Despite currency headwinds, the company achieved its updated guidance for sales, EBITDA margin, core EPS and free cash flow. For 2021, Bayer expects sales of €42-43 billion, an EBITDA margin of around 27%, and core EPS of €6.10-€6.30. However, currency effects are expected to reduce sales by around €2 billion and core EPS by around €0.50 compared to constant currencies. Free cash flow is guided to be negative €3-4 billion due to planned litigation settlements of around €8 billion.
Bayer reported strong financial results for FY 2021 despite challenges from currency headwinds and inflation. Group sales increased 7% to €44.1 billion driven by growth across all divisions. Core EPS rose to €6.51. Bayer expects continued sales and earnings growth in 2022, forecasting sales of ~€46 billion and Core EPS of ~€7.00 at constant currencies. Key assumptions include mid-single digit growth in Crop Science and Consumer Health and low single digit growth in Pharmaceuticals.
Presentation and speech accompanying the Quarterly Statement 3rd Quarter 2021 call for investors and analysts on October 27, 2021
Full BASF Quarterly Statement 3rd Quarter 2021 report available at http://basf.com/quarterlystatement
Werner Baumann, CEO of Bayer, and Wolfgang Nickl, CFO of Bayer, presented results from Bayer's Q2 2020 investor conference call. Despite challenges from COVID-19, Bayer reported solid results with sales of €10.054 billion and EBITDA before special items of €2.883 billion, up 6% year-over-year. Free cash flow increased 87% year-over-year to €1.59 billion. For the second half of 2020, Bayer expects continued impacts from COVID-19 and is focusing on cash and cost management. Bayer updated full-year 2020 guidance with sales expected between €42-43 billion and free cash flow between -€0.
The document provides an overview of a company's business activities and forecast for 2023. It summarizes that in 2022 the company had a 99% rent collection ratio and 94.3% occupancy rate. It forecasts that FFO in 2023 will increase over 20% to between €153-160 million, and FFO per share will be between €2.00-€2.10. The forecast is conditional on no further impact from the war in Ukraine or energy crisis in 2023.
Slides of CEO Dr. Martin Brudermüller's Keynote for BASF Investor Update on March 28, 2022.
Recording of the webcast and further documents available at https://www.basf.com/global/en/investors/calendar-and-publications/calendar/2022/investor-update.html
Martin Brudermüller, Chairman of BASF, provided details on the company's strong financial results in Q2 2021. EBIT before special items rose over 2 billion euros year-over-year to 2.4 billion, driven by higher prices and volumes across all regions and segments. Nutrition & Care and Agricultural Solutions saw earnings declines due to higher raw material costs and unfavorable product mixes despite increased sales. Hans-Ulrich Engel discussed major acquisitions including a battery materials JV in China and offshore wind farms, as well as the divestment of pigments and planned sale of Solenis.
LinkedIn Global: Conditions of participation and data protectionBASF
1) BASF SE is running a LinkedIn prize draw where participants must comment on a post with an answer to a question within a specified time period to be eligible to win a prize.
2) Winners will be selected randomly from eligible entries and notified via LinkedIn messaging. Winners must provide their mailing address within 10 days to receive their prize.
3) BASF SE reserves the right to suspend or terminate the prize draw at any time and is not liable for damages except in cases of gross negligence or intentional harm. The laws of Germany apply.
Twitter Global: Conditions of participation and data protectionBASF
1. BASF is running a Twitter prize draw where participants must answer a question within a time limit to be eligible to win a prize.
2. To enter, participants must be over 18 and comment on the relevant Twitter post. Employees of BASF and related companies cannot enter.
3. Winners will be chosen randomly from accurate and complete answers. Winners will be notified via Twitter and must provide their address within 10 days to receive the prize.
Facebook Global: Conditions of participation and data protectionBASF
1) The document outlines the terms and conditions of a prize draw promotion hosted on Facebook by BASF SE.
2) To enter, participants must comment on the promotion post with an answer to the question within the specified time period.
3) Winners will be selected randomly from eligible entries and notified via Facebook messenger where they must provide their mailing address to receive the prize within 10 days.
- BASF had a strong start to 2021, with record earnings for a first quarter. EBIT before special items rose 42% to €2.3 billion compared to Q1 2020.
- Sales volumes grew 9% across all segments and regions, driven by recovery in the global automotive and chemical industries. Prices also increased 13%.
- Earnings increased considerably in the Materials, Chemicals, and Surface Technologies segments. The Agricultural Solutions segment matched its strong prior year earnings.
- Based on the strong Q1 performance, BASF raised its full year 2021 outlook for sales to €68-71 billion and EBIT before special items to €5.0-5.8 billion.
Ethernet-APL in the Field for high-availability Safety ApplicationsBASF
Ethernet-APL [1] is a technology that enables powerful and consistent digital communication in process automation from the sensor to the control level. Ethernet-APL has all the features required by a modern, future-proof network in process automation. To fully exploit these advantages of digitalization, this white paper recommends taking the next logical step: Functionally safe (safety) automation should also be implemented utilizing the same network architecture. Ethernet-APL's features and the advantage of its consistent use are presented and explained in this white paper. There is now a unique opportunity to consider the requirements for safety applications when investing in Ethernet-APL in process automation. In order to facilitate market entry and avoid additional subsequent investments.
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
Bayer held an investor conference call on May 11th, 2023 to discuss financial results for Q1 2023 and provide an outlook for the full year. Key highlights include:
- Q1 2023 sales were €8.4 billion, down 2% year-over-year due to a decline in glyphosate sales, though the remaining portfolio grew by 8%.
- Full year 2023 guidance was confirmed towards the lower end of the previous range, with sales expected to grow 2-3% and EBITDA between €12.5-13 billion.
- Crop Science sales are expected to grow 1.5% for the full year, with a 30-35% decline in glyphosate
Crop Science sales are expected to decline 5% due to a 50% drop in glyphosate sales returning to 2020 levels, while the core business is forecast to grow 5-7%. Pharmaceutical sales are projected to be flat as growth from new products offsets declines. Consumer Health sales may rise 1% despite supply constraints. The outlook assumes €1.7bn in negative currency effects and €2-3bn in litigation settlement costs.
The document provides a summary of Bayer's Q3 2021 investor conference call. Key highlights include:
- Bayer reported double-digit sales and earnings growth in Q3 2021, driven by strong performances in Crop Science and Consumer Health.
- Full-year 2021 guidance was updated to reflect increased sales growth expectations for Crop Science and Consumer Health, while other group KPI guidance remained unchanged.
- By division, Crop Science delivered particularly strong year-over-year growth in sales and earnings. Pharma and Consumer Health also progressed well despite currency headwinds.
So in summary, Bayer delivered a strong Q3 with sales and profit increases, led by Crop Science. Full-year guidance was
The document provides an overview of preliminary results for fiscal year 2022 for DES Group. Key points include:
- Rent collection was 99% with limited rent concessions. Occupancy remained high at 94.3%.
- Solid cash position of €335M and low loan-to-value of 30.3% as of end of 2022.
- FFO for 2022 exceeded guidance at €2.11 per share. FFO for 2023 is forecast between €2.00-€2.10 per share.
- A capital increase was conducted in January 2023 to finance the acquisition of additional minority stakes in shopping centers, strengthening the financial profile.
Bayer reported financial results for full-year and Q4 2020. Despite currency headwinds, the company achieved its updated guidance for sales, EBITDA margin, core EPS and free cash flow. For 2021, Bayer expects sales of €42-43 billion, an EBITDA margin of around 27%, and core EPS of €6.10-€6.30. However, currency effects are expected to reduce sales by around €2 billion and core EPS by around €0.50 compared to constant currencies. Free cash flow is guided to be negative €3-4 billion due to planned litigation settlements of around €8 billion.
Bayer reported strong financial results for FY 2021 despite challenges from currency headwinds and inflation. Group sales increased 7% to €44.1 billion driven by growth across all divisions. Core EPS rose to €6.51. Bayer expects continued sales and earnings growth in 2022, forecasting sales of ~€46 billion and Core EPS of ~€7.00 at constant currencies. Key assumptions include mid-single digit growth in Crop Science and Consumer Health and low single digit growth in Pharmaceuticals.
Presentation and speech accompanying the Quarterly Statement 3rd Quarter 2021 call for investors and analysts on October 27, 2021
Full BASF Quarterly Statement 3rd Quarter 2021 report available at http://basf.com/quarterlystatement
Werner Baumann, CEO of Bayer, and Wolfgang Nickl, CFO of Bayer, presented results from Bayer's Q2 2020 investor conference call. Despite challenges from COVID-19, Bayer reported solid results with sales of €10.054 billion and EBITDA before special items of €2.883 billion, up 6% year-over-year. Free cash flow increased 87% year-over-year to €1.59 billion. For the second half of 2020, Bayer expects continued impacts from COVID-19 and is focusing on cash and cost management. Bayer updated full-year 2020 guidance with sales expected between €42-43 billion and free cash flow between -€0.
The document provides an overview of a company's business activities and forecast for 2023. It summarizes that in 2022 the company had a 99% rent collection ratio and 94.3% occupancy rate. It forecasts that FFO in 2023 will increase over 20% to between €153-160 million, and FFO per share will be between €2.00-€2.10. The forecast is conditional on no further impact from the war in Ukraine or energy crisis in 2023.
Ähnlich wie Presentation BASF Analyst Conference FY2023 (9)
Slides of CEO Dr. Martin Brudermüller's Keynote for BASF Investor Update on March 28, 2022.
Recording of the webcast and further documents available at https://www.basf.com/global/en/investors/calendar-and-publications/calendar/2022/investor-update.html
Martin Brudermüller, Chairman of BASF, provided details on the company's strong financial results in Q2 2021. EBIT before special items rose over 2 billion euros year-over-year to 2.4 billion, driven by higher prices and volumes across all regions and segments. Nutrition & Care and Agricultural Solutions saw earnings declines due to higher raw material costs and unfavorable product mixes despite increased sales. Hans-Ulrich Engel discussed major acquisitions including a battery materials JV in China and offshore wind farms, as well as the divestment of pigments and planned sale of Solenis.
LinkedIn Global: Conditions of participation and data protectionBASF
1) BASF SE is running a LinkedIn prize draw where participants must comment on a post with an answer to a question within a specified time period to be eligible to win a prize.
2) Winners will be selected randomly from eligible entries and notified via LinkedIn messaging. Winners must provide their mailing address within 10 days to receive their prize.
3) BASF SE reserves the right to suspend or terminate the prize draw at any time and is not liable for damages except in cases of gross negligence or intentional harm. The laws of Germany apply.
Twitter Global: Conditions of participation and data protectionBASF
1. BASF is running a Twitter prize draw where participants must answer a question within a time limit to be eligible to win a prize.
2. To enter, participants must be over 18 and comment on the relevant Twitter post. Employees of BASF and related companies cannot enter.
3. Winners will be chosen randomly from accurate and complete answers. Winners will be notified via Twitter and must provide their address within 10 days to receive the prize.
Facebook Global: Conditions of participation and data protectionBASF
1) The document outlines the terms and conditions of a prize draw promotion hosted on Facebook by BASF SE.
2) To enter, participants must comment on the promotion post with an answer to the question within the specified time period.
3) Winners will be selected randomly from eligible entries and notified via Facebook messenger where they must provide their mailing address to receive the prize within 10 days.
- BASF had a strong start to 2021, with record earnings for a first quarter. EBIT before special items rose 42% to €2.3 billion compared to Q1 2020.
- Sales volumes grew 9% across all segments and regions, driven by recovery in the global automotive and chemical industries. Prices also increased 13%.
- Earnings increased considerably in the Materials, Chemicals, and Surface Technologies segments. The Agricultural Solutions segment matched its strong prior year earnings.
- Based on the strong Q1 performance, BASF raised its full year 2021 outlook for sales to €68-71 billion and EBIT before special items to €5.0-5.8 billion.
Ethernet-APL in the Field for high-availability Safety ApplicationsBASF
Ethernet-APL [1] is a technology that enables powerful and consistent digital communication in process automation from the sensor to the control level. Ethernet-APL has all the features required by a modern, future-proof network in process automation. To fully exploit these advantages of digitalization, this white paper recommends taking the next logical step: Functionally safe (safety) automation should also be implemented utilizing the same network architecture. Ethernet-APL's features and the advantage of its consistent use are presented and explained in this white paper. There is now a unique opportunity to consider the requirements for safety applications when investing in Ethernet-APL in process automation. In order to facilitate market entry and avoid additional subsequent investments.
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
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Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
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2. February 23, 2024
2 | BASF FY 2023 Analyst Conference Call
Cautionary note regarding
forward-looking statements
This presentation contains forward-looking statements. These statements are based on current
estimates and projections of the Board of Executive Directors and currently available information.
Forward-looking statements are not guarantees of the future developments and results outlined
therein. These are dependent on a number of factors; they involve various risks and uncertainties; and
they are based on assumptions that may not prove to be accurate. Such risk factors include in
particular those discussed in Opportunities and Risks on pages 173 to 183 of the BASF Report 2023.
BASF does not assume any obligation to update the forward-looking statements contained in this
presentation above and beyond the legal requirements.
3. February 23, 2024
3 | BASF FY 2023 Analyst Conference Call
6.6
7.5
10.9
2022 2023 Q4 2023
Global chemical production grew by 1.7% in the full year 2023
and by 6.9% in Q4 2023, driven by strong growth in China
Chemical production compared with prior year1
%
-5.2 -7.6
1.8
2022 2023 Q4 2023
% 2023 2022
Global GDP 2.6 3.1
Global industrial production 1.4 2.9
Global chemical production 1.7 2.1
Growth rates
North America EU Asia excl. mainland China
Mainland China
1.8
-1.1
2.6
2022 2023 Q4 2023
-3.9 -4.9
0.4
2022 2023 Q4 2023
1 Source: BASF, Q4 2023 partly based on estimates. Data sources: S&P Global, NBS China, Feri, Fed, Eurostat, METI,
ONS. All data subject to statistical revision. Growth rates for regional aggregates might differ from official data releases
due to different country coverage and weights. China 2023 growth rate adjusted based on BASF proxy calculation.
China production index is 9.6% for FY 2023.
4. February 23, 2024
4 | BASF FY 2023 Analyst Conference Call
In Q4 2023, BASF Group’s sales volumes were almost stable;
excluding precious metals, volumes increased slightly
373
1,931
1,007
575
292
0
1,000
2,000
Q4
2022
Q1
2023
Q2
2023
Q3
2023
Q4
2023
EBIT before special items
Million €
Sales development Volumes Prices Portfolio Currency
Q4 2023 vs. Q4 2022 -0.4 -13.9 -0.1 -3.5
FY 2023 vs. FY 2022 -8.4 -10.0 -0.2 -2.5
In Q4 2023, sales declined by 17.9% to €15.9 billion,
mainly due to lower prices and negative currency effects;
all segments recorded price decreases as a result of
subdued demand and in line with lower raw materials prices
Excluding precious metals, sales volumes of BASF
Group increased by 2.6%; including precious metals,
sales volumes were almost stable compared with Q4 2022
In Q4 2023, EBIT before special items declined by
€81 million to €292 million
EBIT before special items in the Industrial Solutions,
Nutrition & Care, Surface Technologies and Materials
segments improved, while the remaining two segments
and Other recorded a decline versus the prior-year quarter
5. February 23, 2024
5 | BASF FY 2023 Analyst Conference Call
Solid performance in all regions in difficult 2023 environment,
except in Ludwigshafen
EBIT before special items of BASF Group
Billion €
Europe without Germany
Other regions
Germany
2.0
0.5
-0.1 -0.6
2.5
1.9
2.1
1.5
2.2
5.4
4.9
2.9
6.7
7.8
6.9
3.8
2015 2021 2022 2023
In 2015, Germany, Europe excluding
Germany, and the other regions each
contributed around one-third
In 2023, Europe including Germany
contributed only ~25%, while the other
regions contributed ~75%
6. February 23, 2024
6 | BASF FY 2023 Analyst Conference Call
Further program with additional annual cost savings of €1 billion
in Ludwigshafen by the end of 2026
~0.6
~0.4
~0.5
~0.4
~1.0
~1.0
0
0.5
1.0
1.5
2.0
2023 status By the end of 2026
Cost savings
(run-rate)
Total cost savings
(run-rate)
~€2.1 billion
Total one-
time costs
~€1.8 billion
Additional cost savings
from further program
Further cost savings from
measures already announced
Expected annual cost savings1 from further program in Ludwigshafen
Expected annual cost savings1 from measures already announced2
Expected one-time costs for further program in Ludwigshafen
Expected one-time costs for measures already announced
One-time costs
Billion €
1 Run-rate by year end
2 The figures include the cost savings program in non-production units with
focus on Europe, measures in the Global Business Services and Global
Digital Services units outside of Europe and the cost savings related to
the adaptation of production structures at Ludwigshafen Verbund site.
Further program will include cost
savings in both production as well as
non-production areas in
Ludwigshafen
Employee representatives will be
involved regarding the different
measures that will be further detailed
in the coming months
7. February 23, 2024
7 | BASF FY 2023 Analyst Conference Call
Lower Scope 1 and Scope 2 emissions in 2023; new target for
Scope 3.1 emissions announced in December 2023
Reduction target
Reduce our absolute
CO2 emissions (Scope 1 and 2)
by 25% by 2030
(baseline: 2018)1
Million metric tons
21.9
16.9
16.4
2018 2023 status 2030 target
In 2023, Scope 1 and 2 emissions
declined by 5 million metric tons compared
with the baseline 2018, mainly driven by
lower production volumes due to lower
demand
Slight increase in specific Scope 3.1
emissions in 2023 compared with the
baseline 2022 due to the lower share of
raw materials produced in Europe
Reduce our specific
CO2 emissions (Scope 3.1)
by 15% by 2030
(baseline: 2022)2
1.58 1.61
1.34
2022 2023 status 2030 target
Kilograms CO2 per kilogram of
raw material bought
1 Scope 1 and Scope 2 (excluding the sale of energy to third parties). The target includes greenhouse gases according to
the Greenhouse Gas Protocol, which are converted into CO2 equivalents (CO2e).
2 Scope 3.1, raw materials excluding battery materials, services and technical goods, excluding greenhouse gas
emissions from BASF trading business. Future adjustment of the baseline in line with the TfS guideline possible
depending on the availability of further primary data.
3 The figure for 2022 was adjusted due to increased data availability.
3
8. February 23, 2024
8 | BASF FY 2023 Analyst Conference Call
BASF Group 2023: Key financial figures
EBITDA before special items
2023 vs. 2022
€7,671 million
-28.7%
Net income
2023 vs. 2022
€225 million
.
Operating cash flow
2023 vs. 2022
€8,111 million
+5.2%
EBIT before special items
2023 vs. 2022
€3,806 million
-44.7%
Equity ratio
Dec. 31, 2023 / Dec. 31, 2022
47.3%
48.4%
Free cash flow
2023 vs. 2022
€2,715 million
-18.5%
9. February 23, 2024
9 | BASF FY 2023 Analyst Conference Call
EBIT before
special items
Million €
BASF
Group Chemicals Materials
Industrial
Solutions
Surface
Technologies
Nutrition
& Care
Agricultural
Solutions Other
BASF
Group
Q4 2023
vs. Q4 2022
FY 2023
vs. FY 2022
In Q4 2023, EBIT before special items declined due to lower
contributions from Agricultural Solutions, Chemicals and Other
361 826 625 938 107 1,563 -614
-129 161 162 188 7 37 -135
Q4 2023
FY 2023
Q4 2022
Q4 2023
FY 2022
FY 2023
10. February 23, 2024
10 | BASF FY 2023 Analyst Conference Call
Strong cash flow generation in Q4 2023
1 Free cash flow: cash flows from operating activities minus payments made
for property, plant and equipment and intangible assets
Q4 2023
Million €
1
FY 2023
Million €
1
Q4 2023 vs. Q4 2022
Cash flows from operating activities
decreased by €207 million to €4.3 billion
Increased focus on reducing inventory
levels paid off; changes in net working
capital led to a cash inflow of €3.2 billion
Payments made for property, plant and
equipment and intangible assets rose by
€160 million to €2.0 billion
Free cash flow decreased by €368 million
to €2.2 billion
Payments made
for property, plant
and equipment
and intangible
assets
Payments made
for property, plant
and equipment
and intangible
assets
11. February 23, 2024
11 | BASF FY 2023 Analyst Conference Call
Strong balance sheet
Balance sheet December 31, 2023, vs. December 31, 2022
Billion €
Liquid funds
Accounts
receivable, trade
Noncurrent
assets
Inventories
Other assets
2.7 2.7
4.5 6.6
10.4
12.1
13.9
16.0
45.9
47.1
Dec. 31, 2023 Dec. 31, 2022
84.5
77.4
Other
liabilities
Financial
debt
Equity
21.5
24.6
19.3
19.0
36.6
40.9
Dec. 31, 2023 Dec. 31, 2022
84.5
77.4
Total assets decreased by €7.1 billion to
€77.4 billion, mainly due to strong focus on
net working capital management
Net debt of €16.6 billion only slightly above
the level of €16.3 billion at year end 2022
Equity ratio: 47.3%
(Dec. 31, 2022: 48.4%)
BASF has good credit ratings1, especially
compared with competitors
1 Current ratings: Moody’s A3/P-2/outlook stable, S&P A-/A-2/outlook stable, Fitch A/F1/outlook stable
12. February 23, 2024
12 | BASF FY 2023 Analyst Conference Call
0
2
4
6
2024 2025 2026 2027
Continued strict management of capital expenditures
Capex budget by type of investment
Billion €, 2024–2027
Investments in
ongoing businesses
€19.5 billion,
thereof €6.2
billion in 2024
Overall capex budget
Billion €, 2024–2027
Investments in
net-zero transformation
Growth projects
Zhanjiang Verbund
site and battery
materials
Capex 2024 + 2025
~ -40%
Capex 2026 + 2027
13. February 23, 2024
13 | BASF FY 2023 Analyst Conference Call
Key elements of the agreement signed by Harbour Energy and the
shareholders of Wintershall Dea in December 2023
E&P business1 of Wintershall Dea, excluding Russia-related activities,
to be acquired by Harbour Energy plc (Harbour); closing targeted for
Q4 2024
In exchange, at closing, BASF will hold a share of 39.6% in Harbour
and will receive cash consideration of $1.56 billion
With this transaction, BASF takes a major step towards achieving its
announced strategic goal to exit the oil and gas business
In parallel to the transaction with Harbour, the legal separation of
Wintershall Dea’s Russia-related business, which is not part of the
transaction, is progressing as planned; significant federal German
investment guarantees are in place
Furthermore, Wintershall Dea is continuing its preparations for a
separate sale of its stake in WIGA Transport Beteiligungs-GmbH
& Co. KG, which is not part of the transaction
1 Consisting of its producing and development assets as well as exploration rights in Norway,
Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and
Denmark (excluding Ravn) as well as Wintershall Dea’s carbon storage licenses.
14. February 23, 2024
14 | BASF FY 2023 Analyst Conference Call
Dec. 2023
Next steps regarding Wintershall Dea transaction
H1 2024 Q1-Q4 2024 Q4 2024
H1 2024
Harbour shareholders’
approval
Preparation of closing and of integration
Regulatory and
government approvals
Targeted
completion
Harbour prospectus
and circular published
Transaction
announced
15. February 23, 2024
15 | BASF FY 2023 Analyst Conference Call
Attractive shareholder return – also in challenging times
Key facts 2023
We stick to our practice to increase the
dividend per share each year or
keep it stable
Dividend proposal to Annual
Shareholders’ Meeting of €3.40 per share
In total, we will pay out €3.0 billion2,
90% of which is covered by our free
cash flow
Dividend yield of 7.0% based on the
share price of €48.78 at year end 2023
Dividend per share
€
2.80 2.90 3.00 3.10 3.20 3.30 3.30 3.40 3.40 3.40
0.00
1.00
2.00
3.00
4.00
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
4.0% 3.4%
4.1% 3.4% 5.3% 4.9% 5.1% 5.5% 7.3%
Yield1
Proposal
7.0%
2 Based on the 892,522,164 shares outstanding as of December 31, 2023
1 Dividend yield based on share price at year end
16. February 23, 2024
16 | BASF FY 2023 Analyst Conference Call
Outlook 2024 for BASF Group
Outlook 2024
EBITDA before special items €8.0 billion – €8.6 billion
Free cash flow €0.1 billion – €0.6 billion
CO2 emissions 16.7 million – 17.7 million metric tons
Underlying assumptions (prior-year figures in parentheses)
Growth in gross domestic product: 2.3% (2.6%)
Growth in industrial production: 2.2% (1.4%)
Growth in chemical production: 2.7% (1.7%)
Average euro/dollar exchange rate: $1.10 per euro ($1.08 per euro)
Average annual oil price (Brent crude): $80 per barrel ($82 per barrel)