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Berenberg European Conference – Basf Se

Basf Se · May 20, 2015 · 40 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Berenberg European Conference – Basf Se – slide 1
    150 years 150 years We add value as one company Florian Greger Director Investor Relations Berenberg European Conference Tarrytown, NY May 20, 2015 BASF Capital Market Story May 2015 1
  2. Berenberg European Conference – Basf Se – slide 2
    150 years BASF Share information Ordinary Share information ADR information Symbol: BAS Symbol: BASFY Trading Platform: Deutsche Brse OTC Trading Platform: OTCQX ISIN: DE000BASF111 CUSIP: 055262505 IPO: January 30, 1952 Ratio: 1…
  3. Berenberg European Conference – Basf Se – slide 3
    150 years We create chemistry for a sustainable future Positioning Performance Perspective Ludwigshafen, 90 Germany Nanjing, 80 Antwerp, China 70 Belgium 60 Kuantan, 50 Geismar, Malaysia 40 USA Freeport, 30 USA 20 2008…
  4. Berenberg European Conference – Basf Se – slide 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…
  5. Berenberg European Conference – Basf Se – slide 5
    150 years Strategy Our purpose Sustainability is an integral part of our strategy BASF Capital Market Story May 2015 6
  6. Berenberg European Conference – Basf Se – slide 6
    150 years Verbund: Unique competitive advantage Verbund generates 1 billion p.a. global cost savings* & supports sustainability Example Ludwigshafen site: Shared use of on-site facilities: Global reduction in carbon avoidance…
  7. Berenberg European Conference – Basf Se – slide 7
    Business review Growth levers BASF Capital Market Story May 2015 8
  8. Berenberg European Conference – Basf Se – slide 8
    BASF with good quarterly results 150 years in the chemicals and crop protection businesses Business performance Q115 Q114 vs. Q114 Sales 20.1 billion 19.5 billion +3% EBITDA 2.9 billion 3.0 billion (2%) EBIT before special items…
  9. Berenberg European Conference – Basf Se – slide 9
    150 years Strong free cash development in Q1 2015 Free cash flow* (in billion ) 3.9 4 3.7 3.5 3.3 3.2 3.2 3.2 3 2.6 2.5 2 1.7 1.1 1 0 2005 2006 2007 2008 2009** 2010 2011 2012 2013 2014 Q1 2015 * Cash provided…
  10. Berenberg European Conference – Basf Se – slide 10
    150 years Attractive shareholder return Dividend per share Dividend policy (in ) We want to grow or at least maintain our dividend 3.0 3.00 2.70 2.80 2.50 2.60 2.5 2.50 2.20 Key facts 1.95 1.95 2.0 2.00 1.70 2014 dividend:…
  11. Berenberg European Conference – Basf Se – slide 11
    150 years Delivering consistent, long-term value Average annual performance with dividends reinvested Last 10 years Last 5 years May 2005 April 2015 May 2010 April 2015 +22.6% BASF +19.4% +5.3% Euro Stoxx 50 +8.6%…
  12. Berenberg European Conference – Basf Se – slide 12
    150 years Outlook 2015 confirmed Outlook 2015 We aim to increase volumes and sales excluding the effects of acquisitions and divestitures. Sales are likely to be slightly higher than in 2014, driven by higher sales in the…
  13. Berenberg European Conference – Basf Se – slide 13
    Business review Growth levers Portfolio development Market approach Innovations for a sustainable future Acquisitions Investments Operational excellence BASF Capital Market Story May 2015 14
  14. Berenberg European Conference – Basf Se – slide 14
    150 years Portfolio development Moving downstream towards customer industries Functionalized Materials Classical Chemicals Customized Products & Solutions Chemical Industry First customer industries* 2001 in % of 50% 50%…
  15. Berenberg European Conference – Basf Se – slide 15
    150 years Portfolio development Towards more market driven and innovative businesses Acquisitions BASF Divestitures core business Catalysts Agro generics Selected transactions Construction chemicals 2005 today Vitamin premixes…
  16. Berenberg European Conference – Basf Se – slide 16
    150 years Market approach Cross-divisional customer industry approach BASF sales by Bubble Size: BASF divisional sales by first customer industry*/** first customer industry* Consumer goods 15 % Transportation 15 %…
  17. Berenberg European Conference – Basf Se – slide 17
    150 years Strong commitment to innovation Innovations for a sustainable future R&D expenditures Key facts (in billion ) Further increase of R&D spending in 2015 2.0 2.0 1.8 1.9 10,700 employees in R&D Corporate Research 1.7…
  18. Berenberg European Conference – Basf Se – slide 18
    150 years Innovation: Four-Way Conversion Catalyst (FWC) FWC reduces emission of gaseous pollutants and particulates FWC Combines functionality of a 3-way HC conversion catalyst with CO integrated filter on a ceramic NOx…
  19. Berenberg European Conference – Basf Se – slide 19
    150 years Innovation: Green Sense Concrete for sustainable construction BASFs Green Sense Concrete system consists of: 1) Innovative admixture products Low 2) Concrete mix services 3) Eco-efficiency analysis Environmental…
  20. Berenberg European Conference – Basf Se – slide 20
    150 years Innovation: Trilon M Chelating agent for more sustainable detergents and cleaners Trilon M Alternative to phosphate for automatic dish washing High sustainability performance: Bio-degradable and eco-friendly Fast…
  21. Berenberg European Conference – Basf Se – slide 21
    150 years Innovation: SAVIVA Highly efficient Superabsorbent Polymers (SAP) SAVIVA Based on a pioneering SAP technology platform SAVIVA the next generation of SAP Round-shaped particles with micro-pores initiates innovative…
  22. Berenberg European Conference – Basf Se – slide 22
    150 years Innovation: New acrylic acid technology BASF with best-in-class acrylic acid process Acrylic acid production technology benchmark Key facts (Industry average costs = 100; normalized) Lower production cost than industry…
  23. Berenberg European Conference – Basf Se – slide 23
    150 years Growth fields for innovation Key customer industries Growth fields Technology fields Batteries for Mobility Enzymes Materials, Systems & Transportation Agriculture E-Power Management Nanotechnology Functional Crop…
  24. Berenberg European Conference – Basf Se – slide 24
    150 years Acquisitions will contribute to profitable growth in the future We want to acquire businesses which Generate profitable growth Provide a minimum return on above the industry average investment of 8% p.a. after tax Are…
  25. Berenberg European Conference – Basf Se – slide 25
    150 years Major investment project start-ups in 2015 Major capex projects for start-up in 2015 Nanjing Ludwigshafen Neopentylglycol TDI complex +40,000 mt Theodore +300,000 mt Specialty amines* Chelating agents* Specialty amines*…
  26. Berenberg European Conference – Basf Se – slide 26
    150 years Investments for organic growth Capex budget 2015-2019 Capex budget 2015-2019 (by segment) (by region) Performance Products Asia Pacific 15% 18% Functional Materials & Solutions Chemicals South America* Europe 13% 19.5 33%…
  27. Berenberg European Conference – Basf Se – slide 27
    150 years Operational excellence programs 1.3 billion earnings contribution by 2015 Annual earnings contribution STEP program (in million ) Targeted annual earnings contribution increased 4,000 from 1 billion to 1.3 billion by end…
  28. Berenberg European Conference – Basf Se – slide 28
    150 years Restructuring measures in Performance Products strengthening competitiveness Reduction of 2,400 positions until end of 2017 Annual earnings contribution of 500 million from 2017 onwards Run rate of 250 million by end…
  29. Berenberg European Conference – Basf Se – slide 29
    150 years Operational excellence Strong track record BASF Group* 20012014 Fixed cost management (Index; CAGR 20012014) Cost discipline and self-help CAGR 2001 2014 remain key priorities 350 10 % EBITDA Restructuring of Performance…
  30. Berenberg European Conference – Basf Se – slide 30
    150 years BASF is the 1 chemical company has a strong track record of profitable growth relentlessly focuses on Operational Excellence targets promising growth opportunities is committed to delivering high shareholder…
  31. Berenberg European Conference – Basf Se – slide 31
    Appendix Q1 2015 results BASF Capital Market Story May 2015 32
  32. Berenberg European Conference – Basf Se – slide 32
    150 years Chemicals Currencies and lower raw material costs drive earnings Q115 segment sales (in million ) vs. Q114 EBIT before special items (in million ) Intermediates Petrochemicals 800 726 732 1,535 601 616 580 570 600 +3%…
  33. Berenberg European Conference – Basf Se – slide 33
    150 years Performance Products Considerable earnings increase Q115 segment sales (in million ) vs. Q114 EBIT before special items (in million ) Performance Dispersions Chemicals & Pigments 600 515 1,059 1,165 427 435 +6% +5% 376…
  34. Berenberg European Conference – Basf Se – slide 34
    150 years Functional Materials & Solutions Strong demand from the automotive industry Q115 segment sales (in million ) vs. Q114 EBIT before special items (in million ) Performance Catalysts 600 Materials 1,589 431 1,703 +9% 400 356…
  35. Berenberg European Conference – Basf Se – slide 35
    150 years Agricultural Solutions Significant sales and earnings growth in Q1 2015 Q115 segment sales vs. Q114 Q115 EBIT before special items vs. Q114 (million ) (million ) 1,898 574 2,000 600 1,653 510 1,500 400 1,000 200 500 0…
  36. Berenberg European Conference – Basf Se – slide 36
    150 years Oil & Gas Only slight earnings decrease despite lower oil price Q115 segment sales (in million ) vs. Q114 EBIT bSI/Net income (million ) Natural Gas Exploration & 800 Trading Production 4,249 744 600 +22% (6%) 466 437…
  37. Berenberg European Conference – Basf Se – slide 37
    150 years Review of Other Million Q115 Q114 Sales 688 1,077 EBIT before special items (613) (203) Thereof corporate research costs (101) (98) group corporate costs (55) (49) currency results, hedges and other (382) (95)…
  38. Berenberg European Conference – Basf Se – slide 38
    150 years Strong operating cash flow in Q1 2015 Million Q115 Q114* Cash provided by operating activities 2,390 1,747 Thereof changes in net working capital 309 (277) miscellaneous items 5 (170) Cash used in / provided by…
  39. Berenberg European Conference – Basf Se – slide 39
    150 years Balance sheet remains strong Balance sheet March 31, 2015 vs. December 31, 2014* Highlights March 31, 2015 (in billion ) Total assets rose by 7.7 billion, 79.1 79.1 more than half currency-related 71.4 64.4 71.4…
  40. Berenberg European Conference – Basf Se – slide 40
    150 years 150 years BASF Capital Market Story May 2015 41

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