Slide 1: Press Conference: Q3 2025
Press Conference: Q3 2025 Ludwigshafen, October 29, 2025
Slide 2: BASF Group sales declined due to currency headwinds and lower prices
BASF Group sales declined due to currency headwinds and lower prices Sales development ▪ Volumes increased overall due to Q3 2025 vs. Q3 2024 Total Volumes Prices Currency Portfolio growth in the Surface Technologies, Pro forma figures1 ▼ -3.2% ▲ 1.5% ▼ -1.7% ▼ -3.9% ▲ 0.9% Chemicals and Materials s
Slide 3: Q3 2025 snapshot: Market development and BASF's performance
Q3 2025 snapshot: Market development and BASF’s performance Market environment Volume development Specific margin Chemicals Materials Core businesses Industrial Solutions Nutrition & Care Surface Technologies1 Standalone businesses Agricultural Solutions Impact on BASF’s EBITDA before special items
Slide 4: Q3 2025: EBITDA before special items only slightly below prior-year quarter
Q3 2025: EBITDA before special items only slightly below prior-year quarter, despite strong market and currency headwinds BASF Industrial Nutrition Surface Agricultural BASF Group Chemicals Materials Solutions1 & Care Technologies1, 2 Solutions Other Group 1,622 22 1,544 EBITDA before -80 31 179 spe
Slide 5: We are on track with the stepwise startup of our Zhanjiang Verbund site
We are on track with the stepwise startup of our Zhanjiang Verbund site Expected EBITDA before special items (million €) ▪ Mechanical completion of steam cracker achieved in 1,000-1,200 1,200 October 2025 ▪ Tight budgetary discipline, 800 scope changes and excellence in procurement led to capex redu
Slide 6: Zhanjiang Verbund site: We are now focusing on commissioning and the handover to operations
Zhanjiang Verbund site: We are now focusing on commissioning and the handover to operations May 2025 October 2025 B200/ Cracker Cracker 6 October 29, 2025 | BASF Press Conference: Q3 2025 Construction Commissioning Operation
Slide 7: BASF and Carlyle reach binding transaction agreement on coatings business
BASF and Carlyle reach binding transaction agreement on coatings business to create a leading standalone company Ownership structure post closing ▪ Significant step in unlocking the value of BASF’s 1 standalone businesses, as we swiftly execute our “Winning Ways” strategy ▪ Enterprise value of the t
Slide 8: Implications of the coatings transaction agreed with Carlyle
Implications of the coatings transaction agreed with Carlyle on BASF’s statement of income and statement of cash flows Until closing As of closing P&L P&L ▪ BASF will report the business of the transaction as ▪ BASF’s minority stake will be accounted for as a financial discontinued operations as of
Slide 9: Figures including and excluding discontinued operations
Figures including and excluding discontinued operations Financial figures Q3 Million € 2025 pro forma1 2024 reported1 +/- % 20252 2024 restated2 +/- % Sales 15,230 15,739 -3.2 14,328 14,816 -3.3 EBITDA before special items 1,544 1,622 -4.8 1,430 1,478 -3.2 EBITDA 1,307 1,277 2.4 1,207 1,163 3.8 Depr
Slide 10: Our successful portfolio measures enable us to strengthen our balance sheet and bring forward share buybacks
Our successful portfolio measures enable us to strengthen our balance sheet and bring forward share buybacks Cash contributions Cash allocations ▪ Sale of food and health performance ingredients ▪ Confirmed ordinary dividend of at least business (closed Sept. 30, 2025) and of Brazilian €2.25 per sha
Slide 11: BASF to begin share buyback in November 2025
BASF to begin share buyback in November 2025 ▪ At the CMD in September 2024, BASF had announced share buybacks of at least €4 billion between 2027 and 2028 ▪ Given the considerable cash proceeds already received and further proceeds expected, BASF will begin buying back shares significantly earlier
Slide 12: BASF Group Q1-Q3 2025: Key financial figures
BASF Group EBITDA before special items EBITDA margin bsi (excl. metals)2 Q1-Q3 2025: Key financial figures1 €5,941m 13.6% Q1-Q3 2025 vs. Q1-Q3 2024 -€350m -0.3ppt EBIT before special items Net income €3,067m €1,059m -€290m -€1,025m Operating cash flow Free cash flow €1,974m -€868m -€1,515m -€450m 1
Slide 13: Cash flow development in Q1-Q3 2025 and Q3 2025
Cash flow development in Q1-Q3 2025 and Q3 2025 Q1-Q3 2025 (million €) Q3 2025 (million €) Q3 2025 vs. Q3 2024 1,974 1,371 ▪ Cash flows from operating activities decreased by €681 million to €1.4 billion, mainly due to cash tied up in other operating assets ▪ Payments made for property, plant and eq
Slide 14: Outlook 2025 for BASF Group – confirmed but technically adjusted
Outlook 2025 for BASF Group – confirmed but technically adjusted Previous Technically adjusted Zhanjiang startup forecast1 forecast2 impact 20253 EBITDA before special items 7.3 – 7.7 6.7 – 7.1 minus ~0.4 (billion €) Free cash flow 0.4 – 0.8 0.4 – 0.8 (unchanged) minus ~0.8 (billion €) CO2 emissions
Slide 15: BASF
O- BASF We create chemistry