Strategic alignment of BASF s plastics business

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1 Strategic alignment of BASF s plastics business Dr. Martin Brudermüller Vice Chairman of the Board of Executive Directors of BASF SE We create chemistry for a sustainable future We add value as one company We innovate to make our customers more successful We drive sustainable solutions We form the best team

2 From molecules to materials & solutions Year New molecules Chemistry as a key technology and interdisciplinary (physics, biology, engineering, etc.) Improved applications Functional materials & solutions Development closer to and with customers New applications with improved properties from established materials 2 Global megatrends call for plastic solutions Megatrends Opportunities for plastics Resources, environment and climate Food and nutrition Quality of life Lower emissions through reducing weight of automotives High-efficiency insulation for buildings Renewable energy such as wind power and solar High-performance plastic additives to improve properties Biobased plastics 3

3 Continuing strong growth in global demand for plastics Global demand million metric tons demand by region 24 million metric tons* 2.7% 2.% % % 23.9% % Includes thermoplastics, polyurethanes, thermosets, elastomers, adhesives, coatings and sealants, PP-fibers; not including: PET, PA and polyacrylic fibers Source: PlasticsEurope Europe North China Asia (incl. CIS) America Pacific (not incl. China) * Not including other plastics (47 million metric tons) Source: PlasticsEurope South America, Middle East, Africa World 4 Strategic measures in BASF s plastics business Organizational realignment of BASF s plastics business Systematic entry into new growth markets like wind energy Innovative use of renewable feedstock Innovation as a driver of growth and differentiation 5

4 Organizational realignment of BASF s plastics business Commodities Functional Materials & Solutions Petrochemicals Until 22 Inorganics e.g. Amines e.g. TDI Intermediates Polyurethanes e.g. epoxy systems e.g. PU systems e.g. monomers Performance Polymers e.g. Ultramid Since January 23 Petrochemicals Monomers Intermediates Performance Materials 6 Strengthening our Production Verbund and getting closer to customers through innovation Strength through world scale Strength through customer closeness Cost efficiency and supply security Economies of scale Technology leadership Integrated production Commodities Custom-built solutions Technical service Joint development projects Intensive research Specialties 7

5 Investments and activities in the downstream specialty business Cast elastomers TPU Lemförde Alliance with TenCate & Owen Corning ecoflex Styrolution Neopor Lightweight composites team Engineering plastics Ultrason PU system houses Polyamide polymers 8 Segment and reporting structure focus since January 23 Performance Products Functional Materials & Materials & Solutions Solutions Agricultural Solutions Oil & Gas Petrochemicals Monomers Intermediates Dispersions & Pigments Care Nutrition & Health Paper Performance Catalysts Construction Coatings Performance Materials Crop Protection Oil & Gas 9

6 Wind energy: a growth market with technological challenges Market growth annual installed capacity (GW) Trends 98-22: Size Ø: 7-fold Performance: 4-fold 2 kw 2 kw Soccer field 2 PBT GF3 non-hr 5 kw Ø 5 m 2 Ø 2 m 22 Ø 252 m Cologne Cathedral Source: BTM WMU 22 Systematic entry to the growth market of wind energy Coating Including finishing and repair Shell Sandwich with core material Spar Composite Shear web Sandwich incl. core material Structural adhesive Blade root Composite Baxxodur Hardened rotor blades Kerdyn Rotor blade model Multi-material systems

7 Biopolymers growth market Global biopolymer capacity million metric tons 7 Forecast Biopolymer market share m t % of the global plastics market Source: European Bioplastics/IfBB 2 Polymers in the BASF portfolio based on renewable resources Lupranol Balance partially biobased Ultramid S Balance partially biobased ecovio partially biobased, biodegradable 3

8 BASF mass balance methodology systematic integration in the Verbund Cost-effective integration of renewable resources in the existing Production Verbund Flexible feedstock according to customer demand for nearly every product No loss of product quality Feedstock allocated to certified products Certification by TÜV SÜD Resources fossil Production Market biobased BASF Verbund Products conventional certified 4 Innovation as a driver of growth and differentiation Research and development approx..7 bn 4 3 % 2 Performance Products 2% 3 Functional Materials & Solutions 2% 4 Agricultural Solutions 25% 5 Oil & Gas 2% 6 Corporate Research, Others 23% 2 Composite: reactive resin + carbon fibers Membrane with nanopores 5