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ROADSHOW STOCKHOLM COPENHAGEN – Basf Se

Basf Se · Mar 27, 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. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 1
    150 years 150 years We add value as one company Wayne T. Smith Member of the Board of Executive Directors Roadshow Stockholm Copenhagen March 26-27, 2015 BASF Capital Market Story March 2015 1
  2. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 2
    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…
  3. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 3
    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. BASF Capital Market Story March 2015 Paper Chemicals results have been…
  4. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 4
    150 years Strategy Our purpose Sustainability is an integral part of our strategy BASF Capital Market Story March 2015 5
  5. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 5
    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…
  6. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 6
    Business review Growth levers BASF Capital Market Story March 2015 7
  7. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 7
    150 years BASF with continued earnings growth Business performance* Q414 vs. Q413 FY14 vs. FY13 Sales 18.0 billion (1%) 74.3 billion 0% EBITDA 2.9 billion +11% 11.0 billion +6% EBIT before special items 1.5 billion +3% 7.4…
  8. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 8
    150 years Free cash flow development reflecting increased capex in recent years Free cash flow* in billion 4 3.9 3.7 3.5 3.3 3.2 3.2 3.2 3 2.6 2.5 2.6 2 1.7 1 0 2004 2005 2006 2007 2008 2009** 2010 2011 2012 2013…
  9. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 9
    150 years Attractive shareholder return Dividend per share () Dividend policy We want to grow or at least Proposal: 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…
  10. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 10
    150 years Delivering consistent, long-term value Average annual performance with dividends reinvested Last 10 years Last 5 years March 2005 February 2015 March 2010 February 2015 +16.1% BASF +19.9% +4.8% Euro Stoxx 50…
  11. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 11
    150 years Outlook 2015 Expectations for the global economy Forecast 2015 2014 (actual) GDP 2.8% 2.5% Chemicals (excl. pharma) 4.2% 4.0% Industrial production 3.6% 3.4% US / Euro 1.20 1.33 Oil price: Brent (US / bbl) 60-70 99…
  12. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 12
    150 years Outlook BASF Group 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 Performance…
  13. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 13
    150 years Oil & Gas: Impact of the current oil price and measures Production split* 2014 Key Facts Liquids 25% Western European gas prices Natural Gas predominantly market-driven 136 75% Gas markets outside of Europe million…
  14. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 14
    150 years Outlook 2015 - Forecast by segment EBIT before special items Million 2014 Forecast 2015 Chemicals 2,367 slight decrease Performance Products 1,455 considerable increase Functional Materials & Solutions 1,197…
  15. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 15
    Business review Growth levers Portfolio development Market approach Innovations for a sustainable future Investments Acquisitions Operational excellence BASF Capital Market Story March 2015 16
  16. ROADSHOW STOCKHOLM COPENHAGEN – 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. ROADSHOW STOCKHOLM COPENHAGEN – 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. ROADSHOW STOCKHOLM COPENHAGEN – 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. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 19
    150 years Strong commitment to innovation Innovations for a sustainable future R&D expenditures Key facts ( billion) Further increase of R&D spending in 2015 2.0 2,0 1.8 1.9 Corporate Research 10,700 employees in R&D 1.7 21% 1.6…
  20. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 20
    150 years Innovation: FWC Four-Way Conversion Catalyst FWC reduces emission of gaseous pollutants and particulates FWC HC Combines functionality of a 3-way CO conversion catalyst with integrated NOx filter on a ceramic substrate…
  21. ROADSHOW STOCKHOLM COPENHAGEN – 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. ROADSHOW STOCKHOLM COPENHAGEN – 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 growing…
  23. ROADSHOW STOCKHOLM COPENHAGEN – 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 liquid…
  24. ROADSHOW STOCKHOLM COPENHAGEN – 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. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 25
    150 years Growth fields for innovation Key customer industries Growth fields Technology fields Batteries for Mobility Enzymes Materials, Transportation Agriculture E-Power Management Systems & Nanotechnology Functional Crop…
  26. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 26
    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*…
  27. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 27
    150 years Investments for organic growth Capex budget 2015-2019 Capex budget 2015-2019 by segment by region Performance Products Asia Pacific 15% 18% South Europe Functional Chemicals America* 45% Materials & 33% 19.5 8% 19.5…
  28. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 28
    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…
  29. ROADSHOW STOCKHOLM COPENHAGEN – 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 4,000 contribution increased from 1 billion to 1.3 billion by end of…
  30. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 30
    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…
  31. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 31
    150 years Operational excellence Strong track record BASF Group* 20012014 (Index; CAGR 20012014) Fixed cost management Cost discipline and self-help 350 CAGR 2001 2014 remain key priorities 10 % EBITDA Restructuring of Performance…
  32. ROADSHOW STOCKHOLM COPENHAGEN – 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 returns…
  33. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 33
    Appendix BASF Capital Market Story March 2015 34
  34. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 34
    150 years Chemicals Petrochemicals drive earnings growth Q414 segment sales (million ) vs. Q413 EBIT before special items (million ) 580 2,367 600 2,500 Intermediates Petrochemicals 510 2,182 686 1,803 2,000 (3%) (10%) 400 4,071…
  35. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 35
    150 years Performance Products Sales slightly up and earnings on prior year level Q414 segment sales (million ) vs. Q413 EBIT before special items (million ) Performance Dispersions 300 1,600 1,455 Chemicals & Pigments 1,400 1,365 840…
  36. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 36
    150 years Functional Materials & Solutions Continued robust demand from automotive Q414 segment sales (million ) vs. Q413 EBIT before special items (million ) 250 238 1,200 1,197 220 1,070 Performance Catalysts 1,000 Materials…
  37. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 37
    150 years Agricultural Solutions Strong finish to the year Q414 segment sales (million ) vs. Q413 EBIT before special items (million ) 1,109 1,000 890 140 1,400 123 1,222 120 1,200 1,109 800 100 1,000 600 80 800 67 400 60 600…
  38. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 38
    150 years Oil & Gas Lower oil and gas prices impacted earnings Q414 segment sales (million ) vs. Q413 EBIT before special items / Net income (million )* Natural Gas Exploration & Trading Production 800 2,000 1,856 1,795 3,277 728…
  39. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 39
    150 years Review of Other Million Q4 2014 Q4 2013 2014 2013 Sales 700 1,106 3,609 4,190 EBIT before special items (28) (114) (566) (618) Thereof corporate research costs (98) (102) (389) (386) group corporate costs (59) (66)…
  40. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 40
    150 years Operating cash flow development in 2014 Million 2014 2013* Cash provided by operating activities 6,958 8,100 Thereof changes in net working capital (699) 714 miscellaneous items (953) (720) Cash provided by investing…
  41. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 41
    150 years Balance sheet remains strong Balance sheet 2014 vs. 2013 Highlights 2014 (billion ) Increase in long-term assets 71.4 71.4 by 5.7 billion, due to capex 64.2 64.2 and acquisitions Increase of pension provisions…
  42. ROADSHOW STOCKHOLM COPENHAGEN – Basf Se – slide 42
    150 years 150 years BASF Capital Market Story March 2015 43

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