We add value as one company

150 years We add value as one company Hans Engel CFO of BASF SE 150 years Commerzbank German Investment Seminar New York January 12, 2015 BASF Capital Market Story January 2015 1

Cautionary note regarding forward-looking statements 150 years This presentation may contain forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. Forward-looking statements may include, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. BASF has based these forward-looking statements on its views and assumptions with respect to future events and financial performance. Actual financial performance could differ materially from that projected in the forward-looking statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than anticipated. Given these uncertainties, readers should not put undue reliance on any forward-looking statements. The information contained in this presentation is subject to change without notice and BASF does not undertake any duty to update the forwardlooking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations. BASF Capital Market Story January 2015 2

150 years BASF Share information Ordinary Share information Symbol: BAS Trading Platform: Deutsche Börse ISIN: DE000BASF111 IPO: January 30, 1952 Type of shares: Registered shares Trading lot: none, one share is tradable Free float (according to Deutsche Börse): 100 % Number of subscribed shares outstanding (as of 12/31/2014): 918,478,694 ADR information Symbol: BASFY OTC Trading Platform: OTCQX CUSIP: 055262505 Ratio: 1 ADR : 1 Ordinary Share Depositary bank: Deutsche Bank Trust Company Americas Tel: +1 212 250 9100 (New York broker desk) Tel: +44 207 547 6500 (London broker desk) E-mail: adr@db.com Website: www.adr.db.com Depositary bank s local custodian: Deutsche Bank AG, Frankfurt BASF Capital Market Story January 2015 3

We create chemistry for a sustainable future 150 years Positioning Performance Perspective Geismar, USA Freeport, USA Ludwigshafen, Germany Antwerp, Belgium Nanjing, China Kuantan, Malaysia Verbund site The #1 chemical company 74 billion sales, 7.2 billion EBIT bsi in 2013 #1-3 in >75% of businesses, present in >200 countries 6 integrated Verbund sites, production in 60 countries A track record of strong sales and earnings growth 14% average annual dividend increase, >3% yield in every single year* ~ 64 billion market capitalization end of December 2014 Chemistry as an enabler BASF has superior growth opportunities: sustainable innovations investments emerging markets BASF Capital Market Story January 2015 * For 2004-2013 4

150 years BASF today a well-balanced portfolio Total sales 2013: 74 billion Percentage of sales 2013* BASF Capital Market Story January 2015 * Not depicted here: ~6% of Group sales reported as Other 5

Verbund generates > 1 billion p.a. global cost savings*, supports sustainability 150 years Global reduction in carbon emissions of 6.1 million metric tons/a. and reduction of waste Example Ludwigshafen: avoidance of 7 million metric tons of freight/a. = 280,000 fewer truckloads Shared use of on-site facilities: fire department, security, waste water treatment and analytics BASF Capital Market Story January 2015 * Savings include only tangible synergies. Additional (intangible) benefits and retained profits are not included. 6

Business review Growth Levers BASF Capital Market Story January 2015 7

Q3 2014: BASF with higher sales and earnings despite declining demand 150 years Business performance Q3 14 vs. Q3 13 Q1-Q3 14 vs. Q1-Q3 13 Sales 18.3 billion +3% 56.3 billion +1% EBITDA 2.5 billion +1% 8.2 billion +4% EBIT before special items 1.8 billion +9% 6.0 billion +5% EBIT 1.8 billion +8% 6.1 billion +8% Net income 1.0 billion (5%) 3.8 billion +3% Reported EPS 1.14 (5%) 4.16 +3% Adjusted EPS 1.27 (1%) 4.45 +2% Sales development Period Volumes Prices Portfolio Currencies Q3 14 vs. Q3 13 7% (4%) 0% 0% Q1-Q3 2014 vs. Q1-Q3 2013 6% (3%) 0% (2%) BASF Capital Market Story January 2015 8

150 years Important corporate developments Recent transaction with Statoil Acquisition of participations in oil & gas fields in Norway Purchase price amounts to US$1.25 billion Increase of production to ~60,000 boepd in Norway Additional reserves and resources of ~170 million boe Transaction closed December 1 st, 2014 Strengthening of R&D platforms Future set up of global research platforms: - Process Research & Chemical Engineering, led out of Europe - Bioscience Research, led out of North America (from 2015) - Advanced Materials & Systems Research, led out of Asia (from 2016) Restructuring of Performance Products BASF to sell textile chemicals business to Archroma Paper Chemicals division to be dissolved, product lines moved to other divisions Strategic options for parts of kaolin business in evaluation Total earnings improvement of ~ 500 million by 2017 BASF Capital Market Story January 2015 9

150 years Strong free cash flow generation Free cash flow* in billion 4 3.3 3.5 3.2 3.2 3.9 3.7 3.2 3 2.6 2.5 2.6 2 1.3 1 0 2004 2005 2006 2007 2008 2009** 2010 2011 2012 2013 Q1-Q3 2014 * Cash provided by operating activities less capex (in 2005 before CTA) BASF Capital Market Story January 2015 ** 2009 adjusted for re-classification of settlement payments for currency derivatives 10

150 years Growing dividend with attractive yield Dividend per share ( ) Dividend payments Dividend of 2.70 per share for 2013, an increase of 3.8% 1.50 1.95 1.95 1.70 2.20 2.50 2.60 2.70 2004-2013: Average annual dividend increase of ~14% Attractive dividend yield of 3.5% in 2013** 0.85 1.00 Dividend yield above 3% in any given year since 2004 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Dividend Policy We want to grow or at least maintain our dividend Dividend yield* 3.2% 3.1% 4.1% 3.8% 7.0% 3.9% 3.7% 4.6% 3.7% 3.5% BASF Capital Market Story January 2015 * Dividend yield based on share price at year-end ** Based on BASF share price of 77.49 on Dec. 30, 2013 11

150 years Delivering consistent, long-term value Average annual performance with dividends reinvested Last 10 years January 2005 December 2014 Last 5 years January 2010 December 2014 +14.5% BASF +13.9% +3.8% Euro Stoxx 50 +4.5% +8.7% DAX 30 +10.5% +9.6% MSCI World Chemicals +11.9% 0 3 6 9 12 15 18 BASF Capital Market Story January 2015 12

150 years Outlook 2014 Outlook 2014 We aim to: increase our sales volumes excluding the effects of acquisitions and divestitures slightly increase EBIT bsi compared with 2013 Assumptions 2014 GDP: 2.3% (previous: 2.5%) Industrial production: 3.4% (previous: 3.7%) Chemical production: 4.0% (previous: 4.4%) US$ / Euro: 1.35 (unchanged) Oil price (US$ / bbl): 105 (previous: 110) BASF Capital Market Story January 2015 13

Business review Growth levers Portfolio development Market approach Innovations for a sustainable future Investments Acquisitions Operational excellence BASF Capital Market Story January 2015 14

BASF outperformed global chemical production by ~3 percentage points p.a. 150 years Sales to third parties billion IFRS Impact 80 60 16.6 20.7-4.8 Currencies 13.7 M&A 79-6.6 72 3.7-0.5-2.0 0.6 Volumes Prices Currencies M&A 74 40 33 Prices Volumes 20 2001 2012 2012 restated 2013 BASF Capital Market Story January 2015 15

150 years Portfolio development Moving downstream towards customer industries Classical Chemicals Customized Products Functionalized Materials & Solutions 2001 in % of sales** Chemical Industry ~ 50% First customer industries* ~ 50% 2010 in % of sales** ~ 40% ~ 60% 2020 in % of sales** ~ 30% ~ 70% * Agriculture, Construction, Consumer Goods, Health & Nutrition, Electronics, Energy & Resources, Transportation BASF Capital Market Story January 2015 ** Sales excluding Oil & Gas. Targets were published on November 29, 2011. 16

150 years Portfolio development Towards more market driven and innovative businesses Acquisitions Catalysts Construction chemicals Water-based resins Pigments, plastic additives Oil & Gas Personal care & food Battery materials Functional crop care Omega-3 fatty acids Enzymes ~ 14 billion sales BASF core business Selected transactions 2005 today Strong partnerships Gazprom Monsanto Petronas Shell Sinopec Statoil Total Divestitures Agro generics Vitamin premixes Styrenics Fertilizers Construction equipment, flooring and wall systems Textile chemicals ~ 7 billion sales BASF Capital Market Story January 2015 17

150 years Restructuring in Performance Products Announced measures to strengthen competitiveness Measures Leather and textile chemicals (March 18, 2013 & October 16, 2014) Water, oilfield and mining chemicals (March 27, 2013) Plastic additives and pigments (April 23, 2013) Pigments (October 23, 2013) Paper Chemicals (January 23, 2014 & September 24, 2014) Nutrition & Health (April 25, 2014) Care Chemicals (June 5, 2014) Further measures Establishment of global innovation center in China Divestiture of textile chemicals Establishment of global business unit to realize synergies Divestment of industrial water management business Adjustments at sites in the Basel area to adapt to changed market conditions Downsizing of R&D activities Optimization of global production network Closure, restructuring and evaluation of strategic options for production assets Latex plant in EU shut down. Kaolin: Strategic options under evaluation From Jan. 1, 2015: Division dissolved, new set-up follows value chains Adaption of product portfolio and organizational processes to market realities Set of measures to adapt to changed customer needs and market conditions within its Home Care, Industrial & Institutional Cleaning and Formulation Technologies businesses Ongoing Reduction of >2,400 positions until end of 2017 Annual earnings contribution of ~ 500 Million from 2017 onwards One-time costs in the magnitude of ~ 250-300 Million BASF Capital Market Story January 2015 18

150 years Market approach Cross-divisional customer industry approach BASF sales by first customer industry* Bubble Size: BASF divisional sales by first customer industry* / ** Consumer goods > 15 % Transportation > 15 % Construction > 10 % Energy & Resources < 10 % Monomers Dispersions & Pigments Care Chemicals Coatings Construction Chemicals Petrochemicals Intermediates Performance Chemicals Paper Chemicals Catalysts Performance Materials BASF Capital Market Story January 2015 * Excluding Oil & Gas, Crop Protection and Other. 2012 numbers ** Nutrition & Health sales predominantly into Health & Nutrition market 19

150 years Cross-divisional approach BASF s technology Verbund combined with customer know-how Lightweight tridion cell High performance foams Solar roof with transparent organic solar panels and OLED modules E-textiles Infrared-reflective film Infrared-reflective coating Multifunctional seat All-plastic wheel Daimler & BASF concept car Smartforvision BASF Capital Market Story January 2015 20

150 years Customer Verbund - adidas and BASF Working together for disruptive innovation: Infinergy BASF Capital Market Story January 2015 21

150 years Strong commitment to innovation Innovations for a sustainable future R&D expenditures in billion 2.0 1.5 1.0 0.5 0.00 1.4 1.5 1.6 1.7 1.8 2009 2010 2011 2012 2013 Corporate Research 21% Oil & Gas 3% Agricultural Solutions 26% Functional Mat. & Sol. 20% Performance Products 20% Chemicals 10% Key facts 1.8 billion R&D expenditure in 2013, further increase of R&D spending planned in 2014 ~10,650 employees in R&D ~3,000 projects Research Verbund: Cooperations with ~600 excellent partners from universities, start-ups and industry Target 2015: 10 billion in sales from innovations younger 5 years BASF Capital Market Story January 2015 22

150 years Chemistry-based innovations Growth and technology fields Global needs Key customer industries Growth fields Technology fields Batteries for Mobility Resources, Environment & Climate Transportation Agriculture Enzymes E-Power Management Functional Crop Care Materials, Systems & Nanotechnology Food & Nutrition Construction Energy & Resources Heat Management for Construction Lightweight Composites Raw Material Change Organic Electronics Quality of Life Consumer Goods Electronics Plant Biotechnology Water Solutions White Biotechnology Wind Energy Health & Nutrition... BASF Capital Market Story January 2015 23

150 years Investments Capex budget 2014-2018 by segment and region Capex budget 2014-2018 by segment Capex budget 2014-2018 by region Performance Products 15% Functional Materials & Solutions 12% Agricultural Solutions 7% Other 13% 20 billion Chemicals 33% Oil & Gas 20% Asia Pacific 18% South America 4% Other 4% North America 25% 20 billion Europe 49% BASF Capital Market Story January 2015 24

150 years Investments Major projects Ammonia and gas-to-propylene in USA* MDI plant Chongqing, China Acrylic acid complex Camacari, Brazil TDI plant Ludwigshafen, Germany Aroma Ingredients Kuantan, Malaysia Expansion oil & gas activities BASF Capital Market Story January 2015 * Under evaluation 25

150 years Acquisitions will contribute to profitable growth in the future We want to acquire businesses which Generate profitable growth above the industry average Are innovation-driven Offer a special value proposition to customers Provide a minimum return on investment of 8% p.a. after tax Are EPS accretive by year three at the latest Reduce earnings cyclicality Strategic acquisition criteria Financial acquisition criteria BASF Capital Market Story January 2015 26

150 years Operational excellence programs ~ 1.3 billion earnings contribution from STEP by 2015 Annual earnings contribution in million 4,000 3,000 2,000 1,000 0 Former cost saving programs 2013 2015 NEXT STEP STEP program Targeted annual earnings contribution increased from 1 billion to ~ 1.3 billion by end of 2015 Optimization of processes and structures in all regions, e.g. manufacturing, maintenance supply chain engineering, best-cost country sourcing Project timeline: 2012 2015 Between 0.9 and 1 billion by the end of 2014 expected One-time cost : ~ 1 billion BASF Capital Market Story January 2015 27

150 years Operational excellence Strong track record BASF Group* 2001 2013 Index CAGR 2001 2013 350 300 250 200 150 100 50 10 % 8 % 3 % EBITDA Sales Fixed costs 2001 2006 2009 2012 2013 * Excl. companies with major IFRS 10/11 restatements, i.e. BASF YPC Nanjing, Libya onshore, other Oil & Gas and Catalysts companies BASF Capital Market Story January 2015 28

Appendix I: Chemicals Day BASF Capital Market Story January 2015 29

Chemicals segment grows by selling into the BASF Verbund and to the market 150 years Sales to other BASF segments Sales to 3 rd parties * IFRS 10 & 11 impact: - 1.3Bn; Impact of new segment structure: + 5.3Bn BASF Capital Market Story January 2015 ** Without Catalysts (now part of Functional Materials & Solutions segment) 30

Chemicals with stable profitability, little correlation to oil price 150 years EBITDA margin Chemicals / oil price Index 2001 = 100 500 400 Oil price 300 200 100 0 EBITDA margin Chemicals (as % of sales) 2001 2002 2003 2004 2005 2006* 2007* 2008 2009 2010 2011 2012 restated 2013 BASF Capital Market Story January 2015 * Without Catalysts (now part of Functional Materials & Solutions segment) 31

Chemicals is a strong earnings contributor 150 years EBIT after cost of capital* in million 2,000 1,500 1,000 500 0 2004 2005 2006** 2007** 2008 2009 2010 2011 2012 2013 restated EBIT after cost of capital Chemicals Chemicals earned a premium on cost of capital even during the 2008 / 2009 recession*** * EBIT after cost of capital concept was introduced in 2004. ** Without Catalysts (now part of Functional Materials & Solutions segment) BASF Capital Market Story January 2015 32 *** The former Plastics segment also earned a premium on cost of capital during the 2008 / 2009 recession.

Chemicals generates strong and steady free cash flow 150 years Cash flow Chemicals in million 4,000 3,000 2,000 1,000 0-1,000 2001 2002 2003 2004 2005 2006* 2007* 2008 2009 2010 2011 2012 restated Operating cash flow (EBITDA) Free cash flow (EBITDA additions to plant, property & equipment) 2013 Since 2001, Chemicals contributed ~ 17 billion of free cash flow to BASF Group BASF Capital Market Story January 2015 * Without Catalysts (now part of Functional Materials & Solutions segment) 33

Shale gas in the U.S.: Lower energy and feedstock cost 150 years Game changer shale gas Increased U.S. shale gas production disconnected crude oil prices from natural gas prices in North America Increased production of natural gas liquids (NGLs): ethane, propane, butane NGL price drop drives shift to lighter cracker feed slates Improved profitability of light feed crackers Narrow cracker output Source: IHS Inc. The use of this content was authorized in advance by IHS. Any further use or redistribution of this content is strictly prohibited without written permission by IHS. All rights reserved. Natural gas price Germany: Statistisches Bundesamt Grenzübergabepreis Germany BASF Capital Market Story January 2015 34

Chemicals supplies key raw materials to BASF downstream segments 150 years BASF Capital Market Story January 2015 35

Principles for internal supply driven and merchant market driven products 150 years Internal supply driven Merchant market driven Reliable supply of key raw materials Access to chemicals not available in the market Economic advantages through superior technologies and Verbund Capture value of attractive chemicals markets Top-3 position in target market BASF Capital Market Story January 2015 36

Close to entire cracker output in Ludwigshafen is used within Verbund 150 years Cracker products Ludwigshafen Ethylene Propylene Butadiene Raffinates Aromatics <5% >95% Merchant Market Value chains of the BASF Verbund BASF-YPC Nanjing supply for captive demand: 2006: 60% 2014: 75% BASF SE, Ludwigshafen, Germany BASF Capital Market Story January 2015 37

Chemicals is at the heart of the BASF Production Verbund 150 years Additional Verbund benefits Chemicals segment Downstream divisions Transfer pricing Additional Verbund benefits Flexible planning along value chains High security of supply, low logistics costs, no sales and sourcing costs Joint quality management Joint engineering and process development Cross-functional knowledge exchange Additional capacity at Verbund sites dilutes fixed costs Philosophy of transfer pricing Safe and flexible supply at competitive prices Transfer prices linked to market prices No cross-subsidizing Value driven management in all steps of the value chain BASF Capital Market Story January 2015 38

Chemicals segment accounts for one third of all capex 150 years Capex budget 2014-2018 by segment Performance Products 15% Agricultural Solutions 7% Functional Materials & Solutions 12% Other 13% 20 billion Chemicals* 33% Oil & Gas 20% High capex intensity commands extraordinary focus on capex allocation and project control Extensive use of cash-cost benchmarking Preparation of solid business cases for all projects ensures sound decision-making Projects approved only if cost of capital is earned even at hypothetical marginal producer price level BASF Capital Market Story January 2015 * Including gas-to-propylene project U.S. Gulf Coast, TDI Ludwigshafen, MDI Chongqing, Isononanol Maoming 39

Capex in line with revenues to support top and bottom-line growth Consolidated sales indexed (2000 = 100) 150 years Capex as % of sales 400 350 300 Consolidated sales Chemicals segment Capex outlook 16% 14% 12% 250 10% 200 8% 150 6% 100 4% 50 0 Capex as % of sales Chemicals segment 2000 2001 2002 2003 2004 2005 2006* 2007* 2008 2009 2010 2011 2012 2013 2014 2015 2016 restated 2% 0% BASF Capital Market Story January 2015 * Without Catalysts (now part of Functional Materials & Solutions segment) 40

Major investment projects in the Chemicals segment 150 years Ammonia and gas-to-propylene in USA* MDI plant Chongqing, China Isononanol plant Maoming, China TDI plant Ludwigshafen, Germany Acrylic acid complex Camacari, Brazil Polyamides plant Caojing, China BASF Capital Market Story January 2015 * Under evaluation 41

150 years Cost curve case study: Acrylic acid China Acrylic Acid cash cost curve, China average cash costs 2015 in US$/kg Cash costs BASF new process BASF classic process Continuous process innovation leads to best-in-class technology Proprietary BASF technology, with best-in-class process Significant cost synergies due to two parallel projects (Nanjing, Camacari) Acrylic acid will supply downstream units (superabsorbent polymers; acrylates) Production capacity BASF Capital Market Story January 2015 Source: BASF estimate 42

150 years Cost curve case study: TDI Europe TDI cash cost curve, Europe average cash costs 2015 in US$/kg New Ludwigshafen TDI plant will provide superior cost structure in Europe Leading single-train technology New TDI plant strengthens and benefits from Ludwigshafen Verbund Schwarzheide plant to be closed after start-up of new plant New TDI plant re-balances competitive environment of European TDI market BASF Capital Market Story January 2015 Source: BASF estimate 43

150 years Cost curve case study: Caprolactam Caprolactam cash cost curve average cash costs 2015 in US$/kg BASF caprolactam production focused on captive demand Cash costs BASF North America BASF Europe BASF plants well positioned on cost curve Best-in-class cost position in Europe Constant process improvement ongoing Worldscale caprolactam plants supply downstream demand of polyamide 6 applications Further cost improvement in North America after start-up of ammonia JV with Yara Production capacity BASF Capital Market Story January 2015 Source: BASF estimate 44

Shale gas is a major opportunity for BASF 150 years BASF # 2 chemical producer in the U.S.* Low energy costs (energy bill dropped by 55% compared to 2007**) Converted Port Arthur cracker with high feed flexibility Substantial profit improvement BASF will maximize opportunity of low-cost methane Strengthen profitability of the Verbund Grow selected C1 value chains BASF Capital Market Story January 2015 * Based on sales to local customers ** U.S. data only, normalized costs for natural gas for energy production 45 45

Shale gas is beneficial for methane and ethane based chemistry 150 years Natural Gas Liquids Ethane Propane Butane Cracker Feed Composition of shale gas Methane Power plants Ammonia Methanol Low transportability of ethane Shift to ethane crackers Very limited transportability of methane Propane and butane easy to transport Export with link to global market Methane to remain an abundant product with low pricing in North America (despite LNG projects) Methane and ethane to retain their advantageous cost position in North America BASF Capital Market Story January 2015 46

Ammonia joint venture* enables low raw materials costs for BASF downstreams 150 years Hydrogen** Long-term sourcing contracts Nitrogen** Improved cost position for BASF s downstream products World-scale producer economics plant with focus on captive demand only (BASF) Yara-BASF joint venture Ammonia Yara merchant market Site: BASF Verbund site Freeport, Texas Capacity: 750 kt p.a. Advantages of hydrogen & nitrogen based technology: Caprolactam Isocyanates BASF Group Amines Lower capital investment No greenhouse gas emissions Faster execution BASF Capital Market Story January 2015 * Project under evaluation ** Hydrogen and nitrogen are available in the Freeport area 47

Gas-to-propylene complex* covers internal demand at attractive conditions 150 years Propylene supply North America Methane (from shale gas) Methanol Flexible feed (NGL s, Naphtha) Cost leading gas-to-propylene technology covers supply gap U.S. Gulf Coast location World-scale plant Start-up: ~2019 Propylene Propylene (Port Arthur cracker) Port Arthur cracker and new on-purpose propylene complex to cover entire captive propylene demand Acrylic acid Oxo-alcohols Polyols Downstream products Mid-term no sales to merchant market Lower cost than alternative PDH technology BASF Capital Market Story January 2015 * Project under evaluation 48

Appendix II: Oil & Gas BASF Capital Market Story January 2015 49

150 years Share of Oil & Gas in BASF portfolio Average EBITDA* 2009-2013 (billion p.a.) Oil & Gas 2.3 (24%) Cumulative capex** 2009-2013 (billion ) Oil & Gas 6.4 (31%) 2009-2013 2009-2013 BASF Group w/o Oil & Gas 7.4 (76%) BASF Group w/o Oil & Gas 14.5 (69%) Key facts 2009-2013: Oil & Gas: Solid profit contributor to BASF Group Oil & Gas accounted for ~30% of BASF Group capex Oil & Gas will remain a significant contributor to BASF s total EBITDA Capex share of Oil & Gas business in BASF s portfolio will decline * Excluding non-deductible oil taxes; restated figures from 2012 onwards in accordance with changes in IFRS ** Including additions to property, plant, equipment resulting from acquisitions, capitalized exploration, restoration obligations BASF Capital Market Story January 2015 and IT investments; restated figures from 2012 onwards in accordance with changes in IFRS 50

Strong earnings contribution from Oil & Gas 150 years Net income Oil & Gas (million ) 2,000 1,780 1,500 1,000 500 480 601 857 789 951 712 923 1,064 1,201 1,100 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013* Q1-Q3 2014 * Positive impact from special income due to the deconsolidation of Gascade Gastransport GmbH and BASF Capital Market Story January 2015 the disposal of a share in the Edvard Grieg oilfield (BASF Report 2013, pp. 86-87) 51

Strong free cash flow contribution to BASF Group 150 years Cash flow Oil & Gas* (million ) 2,000 1,500 1,000 500 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Operating cash flow Oil & Gas Free cash flow** Oil & Gas 40% of operating cash flow to BASF Group (avg. 2004-2013) BASF Capital Market Story January 2015 * Wintershall cash flow ** Free cash flow: Operating cash flow less payments related to property, plant and equipment and intangible assets 52

150 years Oil & Gas Focus on upstream activities Oil & Gas value chain Upstream Midstream Downstream Exploration / Development / Production Transport Storage / Trading BASF Capital Market Story January 2015 53

Clear strategy for further profitable growth in E&P 150 years Long-term profitable growth Focus Technology Partnerships E&P Core regions Limited exploration risk BASF technology Verbund Enhanced oil recovery (EOR) Strategic partnerships with regional resource holders Production target of >160 million boe in 2015 BASF Capital Market Story January 2015 54

Four core regions and one development region 150 years Europe Russia. North Africa Middle East South America Operating company Current activities Core region Development region BASF Capital Market Story January 2015 55

150 years Regional footprint 2013 Production by region 2013 Production Europe 18% North Africa/ Middle East 9% 132 million boe Russia 53% Russia stands for roughly 50% of total production In 2013, natural gas accounted for approx. 75% of total production South America 20% Proved 1P reserves by region 2013 Europe 13% North Africa/ Middle East 9% South America 13% 1.5 billion boe Russia 65% Reserves Russia provides strong reserve base Gas accounts for approx. 75% of total reserves BASF Capital Market Story January 2015 56

150 years Reserves and R/P 1P Reserves* (million boe) R/P (years) Key facts 1,600 1,400 1,200 1,000 800 600 400 200 0 2003 2006 2009 2012 ** 12 10 8 6 4 2 0 R/P ratio increased to 11 years Total 1P reserves amounted to ~1.5 billion boe (2013) Gas accounts for approx. 75% of total reserves Strong contribution to reserve replenishment from assets in Norway and Russia Reserve Replacement Rate (RRR, in percent) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 102 50 52 48 389 116 89 89 131 100 280 Oil Natural gas R/P * According to SEC guidelines; Libya onshore 51% BASF Capital Market Story January 2015 ** 2013 adjusted to new conversion factor from m 3 gas to barrel of oil equivalent (5,600 scf = 1 boe instead of 6,000 scf = 1 boe) 57

Active portfolio management Focus on promising projects 150 years Acquisitions (closing dates) Norway 25% in Maria Divestitures (closing dates) Own/joint-operated Non-own operated Argentina 50% in Aguada Federal Norway 32.7% in Brage Norway 15% in Gjøa 30% in Vega Norway Add. 24.5% in 24% in Aasta Vega Hansteen*, Add. 5% in Gjøa, 19% in Asterix Norway Add. 2.5% in Brage 15% in Luno II 2011 2012 2013 2014 2015 closing Norway Shares of 14 licences UK North Sea 14 licenses Germany 15.79% of VNG * Including 13.2% in Polarled Pipeline BASF Capital Market Story January 2015 58 58

Recent transaction with Statoil Strategic rationale of the transaction 150 years To strengthen Wintershall s position in Norway by increasing participation in producing oil and gas fields To participate jointly with Statoil in promising development project Aasta Hansteen To get access to additional reserves and resources (2P/2C) of ~170 million boe and assets with material exploration perspectivity To increase production of Wintershall Norge from currently around 40,000 boe/day to about 60,000 boe/day To expand position as field operator in Norway and to gain experience with subsea operations by taking over operatorship in the Vega field* To significantly increase Wintershall s EBIT and future operating cash flow BASF Capital Market Story January 2015 * Pipeline project will provide route for produced gas from Aasta Hansteen field to onshore processing facilities 59

Recent transaction with Statoil Transaction summary 150 years Wintershall expands its oil and gas production and reserves in Norway Intensification of the cooperation with Statoil, the leading Norwegian oil and gas major, on exploration and development projects Wintershall acquires shares in assets from Statoil containing reserves and resources (2P/2C) of ~170 million boe and a stake in the Polarled pipeline project* Purchase price of US$1.25 billion plus up to US$50 million if Aasta Hansteen field development is executed according to current project plan Transaction closed December 1, 2014 with effective date of January 1, 2014 BASF Capital Market Story January 2015 * Pipeline project will provide route for produced gas from Aasta Hansteen field to onshore processing facilities 60

Production growth from solid project pipeline (major projects) 150 years 2013 2015 2017 2019 2021 Achimgaz (FFD) Norway Knarr Edvard Grieg Aasta Maria Hansteen Skarfjell F 17 Area Ravn Hibonite Vega Pleyade CMA1 extension Unconventionals Fenix Block 4N Shuwaihat Length of development phase BASF Capital Market Story January 2015 61

150 years 150 years BASF Capital Market Story January 2015 62