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Jefferies Industrials Conference – Basf Se

Basf Se · Aug 11, 2015 · 42 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. Jefferies Industrials Conference – Basf Se – slide 1
    150 years Florian Greger Director Investor Relations Jefferies Industrials Conference New York August 11, 2015 150 years We add value as one company BASF Capital Market Story July 2015 1
  2. Jefferies Industrials 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. Jefferies Industrials Conference – Basf Se – slide 3
    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…
  4. Jefferies Industrials Conference – Basf Se – slide 4
    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…
  5. Jefferies Industrials Conference – Basf Se – slide 5
    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…
  6. Jefferies Industrials Conference – Basf Se – slide 6
    150 years Strategy Our purpose Sustainability is an integral part of our strategy BASF Capital Market Story August 2015 7
  7. Jefferies Industrials Conference – Basf Se – slide 7
    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…
  8. Jefferies Industrials Conference – Basf Se – slide 8
    Business review Growth levers BASF Capital Market Story August 2015 9
  9. Jefferies Industrials Conference – Basf Se – slide 9
    150 years BASF increases sales and earnings slightly in the second quarter Business performance Q215 Q214* vs. Q214 Sales 19.1 billion 18.5 billion +3% EBITDA 3.0 billion 2.7 billion +11% EBIT before special items 2.0 billion 2.0…
  10. Jefferies Industrials Conference – Basf Se – slide 10
    150 years Important milestones in Q2 2015 Inauguration of first world-scale New chemical catalyst acrylics complex in South America plant in China New agricultural research station Divestment of textile chemicals in India…
  11. Jefferies Industrials Conference – Basf Se – slide 11
    150 years Strong free cash development in H1 2015 Free cash flow* (in billion ) 4 3.9 3.7 3.5 3.3 3.2 3.2 3.2 3 2.5 2.6 2.3 2 1.7 1 0 2005 2006 2007 2008 2009** 2010 2011 2012 2013 2014 H1 2015 * Cash provided…
  12. Jefferies Industrials Conference – Basf Se – slide 12
    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 Dividend payed…
  13. Jefferies Industrials Conference – Basf Se – slide 13
    150 years Delivering consistent, long-term value Average annual performance with dividends reinvested Last 10 years Last 5 years July 2005 June 2015 July 2010 June 2015 +27.6% BASF +15.7% +3.9% Euro Stoxx 50 +9.2% +9.1%…
  14. Jefferies Industrials Conference – Basf Se – slide 14
    150 years Outlook 2015 confirmed Outlook 2015 We aim to increase volumes and sales excluding the effects of acquisitions and divestitures. Sales are expected to be slightly higher than in 2014, driven by higher sales in the…
  15. Jefferies Industrials Conference – Basf Se – slide 15
    Business review Growth levers Portfolio development Market approach Innovations for a sustainable future Acquisitions Investments Operational excellence BASF Capital Market Story August 2015 16
  16. Jefferies Industrials Conference – Basf Se – slide 16
    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%…
  17. Jefferies Industrials Conference – Basf Se – slide 17
    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…
  18. Jefferies Industrials Conference – Basf Se – slide 18
    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 %…
  19. Jefferies Industrials Conference – Basf Se – slide 19
    150 years Strong commitment to innovation Innovations for a sustainable future R&D expenditures Key facts (in billion ) 10,700 employees in R&D 3,000 projects 2.0 2.0 1.8 1.9 1.7 Corporate Research Research Verbund: 21%…
  20. Jefferies Industrials Conference – Basf Se – slide 20
    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…
  21. Jefferies Industrials Conference – Basf Se – slide 21
    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…
  22. Jefferies Industrials Conference – Basf Se – slide 22
    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…
  23. Jefferies Industrials Conference – Basf Se – slide 23
    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…
  24. Jefferies Industrials Conference – Basf Se – slide 24
    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…
  25. Jefferies Industrials Conference – Basf Se – slide 25
    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…
  26. Jefferies Industrials Conference – Basf Se – slide 26
    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…
  27. Jefferies Industrials Conference – Basf Se – slide 27
    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*…
  28. Jefferies Industrials Conference – Basf Se – slide 28
    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%…
  29. Jefferies Industrials Conference – Basf Se – slide 29
    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…
  30. Jefferies Industrials Conference – Basf Se – slide 30
    150 years Restructuring measures in Performance Products strengthening competitiveness Reorganization & personnel reduction Annual earnings contribution of 500 million from 2017 onwards Run rate of 250 million by end of 2015…
  31. Jefferies Industrials Conference – Basf Se – slide 31
    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 10 % EBITDA Restructuring of Performance…
  32. Jefferies Industrials Conference – Basf Se – slide 32
    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…
  33. Jefferies Industrials Conference – Basf Se – slide 33
    Appendix I Q2 2015 results BASF Capital Market Story August 2015 34
  34. Jefferies Industrials Conference – Basf Se – slide 34
    150 years Chemicals Higher fixed costs from start-ups impact earnings Q215 segment sales (in million ) vs. Q214 EBIT before special items (in million ) Intermediates Petrochemicals 800 726 739 1,660 616 580 570 548 600 +5% (18%)…
  35. Jefferies Industrials Conference – Basf Se – slide 35
    150 years Performance Products Earnings impacted by challenging markets Q215 segment sales (in million ) vs. Q214 EBIT before special items (in million ) Performance Dispersions Chemicals & Pigments 600 515 1,066 1,245 435 +6% +4%…
  36. Jefferies Industrials Conference – Basf Se – slide 36
    150 years Functional Materials & Solutions Strong business with automotive and construction Q215 segment sales (in million ) vs. Q214 EBIT before special items (in million ) Performance Catalysts 600 Materials 1,700 431 458 1,776…
  37. Jefferies Industrials Conference – Basf Se – slide 37
    150 years Agricultural Solutions Half-year results on prior year level Segment sales EBIT before special items (Q215 vs. Q214 / H115 vs. H114; million ) (Q215 vs. Q214 / H115 vs. H114; million ) 0% 4,000 1,000 943 939 3,576 3,319…
  38. Jefferies Industrials Conference – Basf Se – slide 38
    150 years Oil & Gas Decrease in earnings driven by lower prices Q215 segment sales (in million ) vs. Q214 EBIT bSI*/Net income* (million ) Natural Gas Exploration & Trading Production 800 2,964 704 600 546 +24% (13%) 431 3,668…
  39. Jefferies Industrials Conference – Basf Se – slide 39
    150 years Review of Other Million Q215 Q214 Sales 757 855 EBIT before special items (63) (328) Thereof corporate research costs (102) (97) group corporate costs (64) (57) currency results, hedges and other 151 (117) valuation…
  40. Jefferies Industrials Conference – Basf Se – slide 40
    150 years Strong operating cash flow in H1 2015 Million H115 H114* Cash provided by operating activities 5,143 2,713 Thereof changes in net working capital 877 (1,251) miscellaneous items (32) (261) Cash used in / provided by…
  41. Jefferies Industrials Conference – Basf Se – slide 41
    150 years Balance sheet remains strong Balance sheet June 30, 2015 vs. December 31, 2014* Highlights June 30, 2015 (in billion ) Total assets increased by 4.3 75.7 75.7 billion due to: 71.4 64.4 71.4 - FX-related effects -…
  42. Jefferies Industrials Conference – Basf Se – slide 42
    150 years 150 years BASF Capital Market Story August 2015 43

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