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Barclays European Select Conference – Basf Se

Basf Se · Jun 20, 2014 · 45 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. Barclays European Select Conference – Basf Se – slide 1
    Beate Ehle President Market and Business Development North America Barclays European Select Conference Yountville, CA June 19-20, 2014 We add value as one company
  2. Barclays European Select Conference – Basf Se – slide 2
    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 ADR : 1…
  3. Barclays European Select Conference – Basf Se – slide 3
    We create chemistry for a sustainable future Positioning Performance Perspective Ludwigshafen, Germany Nanjing, Antwerp, China Belgium Kuantan, Geismar, Malaysia USA Freeport, USA Verbund site The 1 chemical company A…
  4. Barclays European Select Conference – Basf Se – slide 4
    BASF today a well-balanced portfolio Total sales 2013: 74 billion Percentage of sales 2013* BASF Capital Market Story June 2014 * Not depicted here: 6% of Group sales reported as Other 5
  5. Barclays European Select Conference – Basf Se – slide 5
    Verbund generates 1 billion p.a. global cost savings*, supports sustainability Example Ludwigshafen: Shared use of on-site facilities: Global reduction in carbon avoidance of 7 million metric fire department, security, waste…
  6. Barclays European Select Conference – Basf Se – slide 6
    Business review BASF strategy & growth targets Strategic levers BASF Capital Market Story June 2014 7
  7. Barclays European Select Conference – Basf Se – slide 7
    Good start to the year in chemicals business, Oil & Gas considerably down Business performance Q114 Q113 vs. Q113 Sales 19.5 billion 19.7 billion (1%) EBITDA 3.0 billion 2.9 billion +3% EBIT before special items 2.1 billion 2.2 billion…
  8. Barclays European Select Conference – Basf Se – slide 8
    BASF outperformed global chemical production by 3 percentage points p.a. Sales to third parties billion IFRS Impact 13.7 79 80 3.7 -0.5 -2.0 0.6 74 20.7 -4.8 -6.6 72 Volumes Prices Currencies M&A 60 Currencies M&A 16.6 Prices…
  9. Barclays European Select Conference – Basf Se – slide 9
    Strong track record of operational excellence BASF Group 20012013 Index CAGR 2001 2013 300 8% EBITDA 7% Sales 250 2% Fixed costs 200 150 100 50 2001 2003 2005 2007 2009 2011 2012 2013 rest.* BASF Capital Market Story June 2014…
  10. Barclays European Select Conference – Basf Se – slide 10
    Strong free cash flow generation 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 2.6 2 1 0.8 0 2004 2005 2006 2007 2008 2009** 2010 2011 2012 2013 Q1 2014 * Cash provided by operating activities less…
  11. Barclays European Select Conference – Basf Se – slide 11
    Attractive dividend yield Dividend per share Dividend payments in Dividend of 2.70 per share for 2013, an increase of 4% CAGR 2.70 2004-2013: Average annual 14% 2.50 2.60 2.20 dividend increase of 14% 1.95 1.95 Attractive…
  12. Barclays European Select Conference – Basf Se – slide 12
    Delivering consistent, long-term value Average annual performance with dividends reinvested Last 10 years Last 5 years June 2004 May 2014 June 2009 May 2014 +19.0% BASF +26.8% +4.8% Euro Stoxx 50 +9.2% +9.7% DAX 30 +15.0%…
  13. Barclays European Select Conference – Basf Se – slide 13
    Outlook 2014 confirmed Outlook 2014 We aim to increase our sales volumes excluding the effects of acquisitions and divestitures. Nonetheless, sales will decline slightly compared with 2013 due to the divestiture of the gas trading and…
  14. Barclays European Select Conference – Basf Se – slide 14
    Business review BASF strategy & growth targets Strategic levers BASF Capital Market Story June 2014 15
  15. Barclays European Select Conference – Basf Se – slide 15
    Demographic challenges set the stage for the future of the chemical industry Nine billion people in 2050 but only one earth Resources, Environment Food & Nutrition Quality of Life & Climate Chemistry as enabler BASF…
  16. Barclays European Select Conference – Basf Se – slide 16
    Key financial targets 2015 / 2020 are ambitious Growth targets Profitability targets Grow at least 2 percentage Earn a premium on cost of points above chemical capital of at least 2.0 billion production on average p.a. Sales 80…
  17. Barclays European Select Conference – Basf Se – slide 17
    Business review BASF strategy & growth targets Strategic levers Portfolio development Market approach Innovations for a sustainable future Investments Acquisitions Operational excellence BASF Capital Market Story June 2014…
  18. Barclays European Select Conference – Basf Se – slide 18
    Portfolio development We expand from chemicals to chemistry 1960 1970 1980 1990 2000 2010 2020 Chemistry as key enabler New for functionalized materials molecules & solutions Improved Deep understanding of applications customer…
  19. Barclays European Select Conference – Basf Se – slide 19
    Portfolio development Moving downstream towards customer industries Functionalized Materials Classical Chemicals Customized Products & Solutions Chemical Industry First customer industries* 2001 in % of 50% 50% sales** 2010 in…
  20. Barclays European Select Conference – Basf Se – slide 20
    Portfolio development Towards more market driven and innovative businesses Acquisitions BASF Divestitures core business Engineering plastics Pharma Selected transactions Catalysts 2001 today Agro generics Construction chemicals…
  21. Barclays European Select Conference – Basf Se – slide 21
    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 % Construction 10 %…
  22. Barclays European Select Conference – Basf Se – slide 22
    Cross-divisional approach BASFs technology Verbund combined with customer know-how Lightweight tridion cell Solar roof with transparent organic solar panels and OLED modules High performance foams E-textiles Infrared-reflective…
  23. Barclays European Select Conference – Basf Se – slide 23
    Customer Verbund adidas and BASF Working together for disruptive innovation: Infinergy BASF Capital Market Story June 2014 24
  24. Barclays European Select Conference – Basf Se – slide 24
    Strong commitment to innovation Innovations for a sustainable future R&D expenditures Key facts in billion 1.8 billion R&D expenditure in 2013, further increase of R&D 2.0 spending planned in 2014 1.8 1.7 1.6 Corporate Research…
  25. Barclays European Select Conference – Basf Se – slide 25
    Chemistry-based innovations Growth and technology fields Global needs Key customer industries Growth fields Technology fields Batteries for Mobility Enzymes Resources, Materials, Environment Transportation Agriculture E-Power…
  26. Barclays European Select Conference – Basf Se – slide 26
    Enabling technology: Battery Materials Driving the future of electromobility Business potential 2020 BASF activities Strategic relevant market: 5 billion globally Start of business unit Battery Materials in 2012 (4 billion in Asia…
  27. Barclays European Select Conference – Basf Se – slide 27
    Investments Capex budget 2014-2018 by segment and region Capex budget 2014-2018 Capex budget 2014-2018 by segment by region Performance Asia Pacific Products 18% 15% Chemicals South Europe Functional 33% America 49% Materials & 20 4%…
  28. Barclays European Select Conference – Basf Se – slide 28
    Investments Major projects Ammonia and MDI plant Acrylic acid complex gas-to-propylene in USA* Chongqing, China Camacari, Brazil TDI plant Aroma Ingredients Expansion oil & gas Ludwigshafen, Germany Kuantan, Malaysia…
  29. Barclays European Select Conference – Basf Se – slide 29
    Sales share from emerging markets to further increase Developed markets* Emerging markets 2001 in % of sales 78% 22% (28 bn**) 2013 in % of sales 67% 33% (59 bn**) 2020 in % of 55% 45% sales** * BASF definition:…
  30. Barclays European Select Conference – Basf Se – slide 30
    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…
  31. Barclays European Select Conference – Basf Se – slide 31
    Operational excellence programs STEP program on track: 1 billion earnings contribution by 2015 Annual earnings contribution STEP program in million Targeted annual earnings contribution of 1 billion by end of 2015 3,000 Optimization…
  32. Barclays European Select Conference – Basf Se – slide 32
    Appendix: Q1 2014 Reporting BASF Capital Market Story June 2014 33
  33. Barclays European Select Conference – Basf Se – slide 33
    Portfolio optimization & development Strengthening Verbund sites in Asia Strengthen competitiveness of Performance Products Portfolio optimization in Oil & Gas Increasing backward integration in the US BASF Capital Market Story…
  34. Barclays European Select Conference – Basf Se – slide 34
    Chemicals Continued volume increase, but lower prices Q114 segment sales (million ) vs. Q113 EBIT before special items (million ) Intermediates Monomers 711 1,590 800 +2% (5)% 650 601 600 495 527 510 4,398 400 0% 200…
  35. Barclays European Select Conference – Basf Se – slide 35
    Performance Products Continued strong volume growth Q114 segment sales (million ) vs. Q113 EBIT before special items (million ) Care Chemicals Performance 1,264 Chemicals 600 (1)% 818 0% 394 427 379 376 Nutrition 3,872 400 & Health…
  36. Barclays European Select Conference – Basf Se – slide 36
    Restructuring in Performance Products Announced measures to strengthen competitiveness Measures Leather and textile Establishment of global innovation center in China chemicals Optimization of various functions and relocation to Asia…
  37. Barclays European Select Conference – Basf Se – slide 37
    Functional Materials & Solutions Strong demand from automotive industry Q114 segment sales (million ) vs. Q113 EBIT before special items (million ) Construction Performance Chemicals Materials 350 443 293 300 311 1,614 300 (3%) 239…
  38. Barclays European Select Conference – Basf Se – slide 38
    Agricultural Solutions Good start to the year Q114 segment sales vs. Q113 Q114 EBIT before special items vs. Q113 (million ) (million ) 2.000 600 1,653 498 510 1,556 1.500 400 1.000 200 500 0 0 Q1 Q1 Q1 Q1 2013 2014 2013…
  39. Barclays European Select Conference – Basf Se – slide 39
    Oil & Gas Lower sales and earnings, net income increased Q114 segment sales (million ) vs. Q113 EBIT bSI/Net income (million ) Natural Gas Exploration & Trading Production 800 3,484 792 630 (10%) 0% 600 494 4,276 400 468 -8% 429 200…
  40. Barclays European Select Conference – Basf Se – slide 40
    Balance sheet remains strong Balance sheet March 31, 2014 vs. December 31, 2013 Highlights March 31, 2014 (billion ) Short-term assets increased by 3.2 billion 67.9 67.9 64.4 64.4 Inventories rose slightly by 0.3 billion Long-term…
  41. Barclays European Select Conference – Basf Se – slide 41
    Outlook 2014 confirmed Outlook 2014 We aim to increase our sales volumes excluding the effects of acquisitions and divestitures. Nonetheless, sales will decline slightly compared with 2013 due to the divestiture of the gas trading and…
  42. Barclays European Select Conference – Basf Se – slide 42
    Outlook 2014 Expectations for the global economy Forecast 2014 2013 GDP 2.8% 2.3% Chemicals (excl. pharma) 4.4% 4.6% Industrial production 3.7% 2.5% US / Euro 1.30 1.33 Oil price: Brent (US / bbl) 110 109 BASF Capital Market…
  43. Barclays European Select Conference – Basf Se – slide 43
    Outlook 2014 by region Chemical production (excl. pharma) Forecast 2014 2013 World 4.4% 4.6% EU 1.1% 0.0% USA 2.8% 3.2% Asia (excl. Japan) 7.2% 8.5% Japan 2.5% 1.8% South America 2.4% 1.3% BASF Capital Market Story June 2014 44
  44. Barclays European Select Conference – Basf Se – slide 44
    Outlook 2014 Forecast by segment EBIT before special items (million ) 2013 Forecast 2014 Chemicals 2,182 slight decrease Performance Products 1,365 considerable increase Functional Materials & Solutions 1,070 considerable increase…
  45. Barclays European Select Conference – Basf Se – slide 45
    46 BASF Capital Market Story June 2014 46

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