Slide 1: Analyst Conference Call Q1 2023
Analyst Conference Call Q1 2023 April 27, 2023 1 April 27, 2023 | BASF Analyst Conference Call Q1 2023
Slide 2: Cautionary note regarding forward-looking statements
Cautionary note regarding forward-looking statements This presentation contains forward-looking statements. These statements are based on current estimates and projections of the Board of Executive Directors and currently available information. Forward-looking statements are not guarantees of the fu
Slide 3: Global chemical production stagnated in Q1 2023
Global chemical production stagnated in Q1 2023 Chemical production compared with prior year1 % North America EU Mainland China Asia excl. mainland China 7.6 12.0 5.1 1.4 -2.2 Q1 2022 Q1 2023 -1.6 Q1 2022 Q1 2023 -8.7 -14.3 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Growth rates % Q1 2023 Q1 2022 Global GDP 2.
Slide 4: Q1 2023: Sales decreased considerably, mainly due to lower volumes
Q1 2023: Sales decreased considerably, mainly due to lower volumes Sales bridge Q1 2023 vs. Q1 2022 Million € Sales decreased by 13.4% to €19,991 million 25,000 Volumes declined by 12.8% 23,083 − In Agricultural Solutions, volumes were stable (+0.2%), 20,000 80 19,991 all other segments recorded
Slide 5: Q1 2023: Earnings declined, mainly due to lower upstream contributions
Q1 2023: Earnings declined, mainly due to lower contributions from upstream businesses compared with a strong prior-year quarter BASF Industrial Surface Nutrition Agricultural BASF Group Chemicals Materials Solutions Technologies & Care Solutions Other Group EBIT before special items Q1 2023 vs. Q1
Slide 6: Agricultural Solutions segment records strong earnings growth
Agricultural Solutions segment records strong earnings growth The Agricultural Solutions segment had a good start to the season in the northern hemisphere and showed a strong presence in South America In Q1 2023, sales increased by 14.5% to €3.9 billion, predominantly driven by higher prices E
Slide 7: BASF's automotive-related businesses developed well
BASF’s automotive-related businesses developed well Global light vehicle production1 increased by 5.7% in Q1 2023; growth was most pronounced in Europe and North America In Q1 2023, sales2 of BASF’s automotive-related businesses increased by +5.7% to €1.9 billion Excluding precious metal tradi
Slide 8: BASF Group Q1 2023: Financial figures
BASF Group Q1 2023: Financial figures Financial figures Q1 2023 Q1 2022 Change Million € Million € % Sales 19,991 23,083 -13.4 EBITDA before special items 2,864 3,743 -23.5 EBITDA 2,811 3,709 -24.2 EBIT before special items 1,931 2,818 -31.5 EBIT 1,867 2,785 -33.0 Net income from shareholdings 183 -
Slide 9: Lower energy costs compared with very high prior-year quarter
In Q1 2023, BASF incurred lower costs for energy compared with the very high level of the prior-year quarter Lower energy costs1 (delta) in Q1 2023 vs. Q1 2022 Q1 2023 compared with Q1 2022: Billion € Energy costs came down from the very high level of the 0.0 prior-year quarter -0.1 €0.7 billion
Slide 10: Cash flow development in Q1 2023
Cash flow development in Q1 2023 Q1 2023 Q1 2022 Million € Million € Cash flows from operating activities -1,016 -290 of which Changes in net working capital -3,116 -3,182 Miscellaneous items -405 746 Cash flows from investing activities -703 -579 Payments made for property, plant and equipment of w
Slide 11: Outlook 2023 for BASF Group unchanged
Outlook 2023 for BASF Group unchanged Outlook 2023 Sales €84 billion – €87 billion EBIT before special items €4.8 billion – €5.4 billion ROCE 7.2% – 8.0% CO2 emissions 18.1 – 19.1 million metric tons Underlying assumptions Growth in gross domestic product: 1.6% Growth in industrial production: 1
Slide 12: Measures to increase competitiveness are being implemented
Measures to increase competitiveness are being implemented Adaptation Expected annual Cost savings Expected annual cost savings by of Verbund cost savings by program the end of 2024: structures the end of 2026: >€500 million with focus >€200 million in Ludwigshafen on Europe Estimated affected
Slide 13: BASF - We create chemistry
O- BASF We create chemistry