Bayerische Motoren Werke Ag · XETR:BMW
Bayerische Motoren Werke — BMW Group — Investor Presentation (April 2022)
68 slides from Bayerische Motoren Werke's investor presentation, April 2022
Slide 1: Investor Relations
y Investor Relations
Slide 2: Why invest in BMW?
WHY INVEST IN BMW? FIRST-CLASS INDIVIDUAL MOBILITY - We play a pioneering role in setting standards for the individual premium mobility of tomorrow. It combines pleasure and responsibility without compromise. a SUSTAINABILITY - The BMW Group is a holistically sustainable company taking responsibilit
Slide 3: Why invest in BMW?
WHY INVEST IN BMW? @& SQ RO.sfovce FIRST-CLASS INDIVIDUAL MOBILITY - We play a pioneering role in setting standards for the i It combines pleasure and responsibility without compromise. @ SUSTAINABILITY - The BMW Group is a holistically sustainable company taking r Every investment in BMW is a susta
Slide 4: BMW Group Strategy
BMW GROUP STRATEGY. THE BMW GROUP STANDS FOR FIRST CLASS INDIVIDUAL MOBILARYSAND CONTRIBUTES TO THE SUSTAINABLE DEVELOPMENT OF OUR PIANISTS WHAT FOR? POSITION. f HERE® "STRATEGIC ARPROACH. We stand for first class individual mobility and contribute to the sustainable development of our planet. We re
Slide 5: Ensure long-term success: BMW Group strategic objectives
ENSURE LONG-TERM SUCCESS. BMW GROUP STRATEGIC OBJECTIVES. >10% 30% Group EBT margin Minimum share of electrified cars in total deliveries = = the use phase of the 8 Ze 10% 22% ference year 2019) , Percentage of women in management positions 7 Auto EBIT margin in the BMW Group 2 1 8% ! a supply chain
Slide 6: Why invest in BMW?
WHY INVEST IN BMW? @) Row “Best credit rating in Europe, second best FIRST-CLASS INDIVIDUAL MOBILITY - We play a pioneering role in setting standards fi tomorrow. It combines pleasure and responsibility without compromise. SUSTAINABILITY - The BMW Group is a holistically sustainable company taking r
Slide 7: Sustainability is central to everything we do
SUSTAINABILITY IS CENTRAL TO EVERYTHING WE DO. BMW HAS PURSUED AMBITIOUS SUSTAINABILITY GOALS FOR Y& SUSTAINABILITY. SELECTED MILESTONES. 1973 2001 2009 2012 2020 2021 2050 Firstenvironmental 1%tSustainable — Sustainabilityis Wesetten We setambitiousCO, 15*Integrated —_Climate-neutral manager in the
Slide 8: Substantial CO2 reduction by at least 40% per vehicle
SUBSTANTIAL CO, REDUCTION BY AT LEAST 40% PER VEHICLE ACROSS THE ENTIRE VALUECHAIN UP TO 2030. 2030 2030 2030 +40% -80% -50% Avoid increase per vehicle substantial CO, reduction CO, per vehicle and reverse trend. per vehicle vs. 2019. vs. 2019. -20% 2021 Continued rollout CO, per vehicle vs. 2019 CO
Slide 9: CO2 EU fleet target 2021 based on WLTP
CO, EU FLEET TARGET 2021 BASED ON WLTP. THE BMW GROUP HAS CLEARLY ACHIEVED THE CO, FLEET T, BMW, MINI, Rolls Royce, BMW M Target Reconciliation NEDC to WLTP Target Achievement 135* > WLTP uM M 7 126** 116*** NEDC Actuals 2020 excluding BMW Group Actuals 2021 Regulatory Factors Fleet Target 2021 WLTP
Slide 10: Sustainability in battery cells: complete value chain and life cycle
SUSTAINABILITY IN BATTERY CEELS: THE COMPLETE VALUE CHAIN AND LIFE CYCLE HAS TO BE CONSIDERED. al ae e Cobalt and lithium from certified mines in Australia and Morocco. - l Usage of secondary material. @ Production of battery cells with 100% power from renewable sources. Taking back batteries worldw
Slide 11: Why invest in BMW?
WHY INVEST IN BMW? en INNOVATION & FLEXIBILITY - The BMW Group is an innovation pioneer in the automoti ie on constant transformation and flexibility - successful for over 100 years. = ELECTRIFICATION - Due to our flexibility and permanently transformed plants, we offer covering 90% of our current m
Slide 12: Our three phases of transformation
OUR THREE PHASES OF TRANSFORMATION. 2013 } FROM 2025 Pioneering Electrification across our E-mobility first: High BEV volume e-mobility. entire portfolio. and the next level of digitalization. BMW Group Investor Presentation | April 2022
Slide 13: By 2023 90% of our segments are covered by at least one BEV
BY 2023 90% OF OUR SEGMENTS ARE COVERED BY AT LEAST OUR CLEAR E-MOBILITY ROADMAP. PHASE | PHASE II Pioneering e-mobility Electrification across our segments O , BMWi3 — BMWX1 BEV* So errs a BMW 5 series BEV* 4a MINI Electric —— v IMO. = aes an BMW iX3 om ee 5 MI MINI Countryman BEV* Ss BMWi8 BMW 7 s
Slide 14: Million BEVs on the road within the next ten years
10 MILLION BEVS ON . HEROAD WITHIN THE NEXT TEN YEARS. EADING PROVIDER OF BATTERY-ELECTRIC VEHICLES. PHASE | PHASE II PHASE III Until 2025 2025 - 2030 @ +50% BEV SALES p.a. © +20% BEV SALES p.a. a 2 MILLION BEVs delivered to customers by the end of 2025 2030 BEVs will account for 2023 BEVs available
Slide 15: E-mobility ramp-up further accelerates in Q1 2022
E-MOBILITY RAMPUP FURTHER ACCELERATES IN Q1 2022, AS P GLOBAL SALES Q1 2021. 28% xEV INCREASE OVER PREVIOUS YEAR. 15% ELECTRIFIED. ~ EUROPEAN SALES Q1 2022. on = EE ss 20% xEV INCREASE OVER PREVIOUS QUARTER. GLOBAL SALES. 89,669 28% ELECTRIFIED. ° ELECTRIFIED CARS. 328,314 y1p-03/2022 192,646 FY 202
Slide 16: The first ever BMW i4 - market launch
THE FIRST EVER BMW i4 - MARKET LAUNCH GOT UNDERWAY " IN DECEMBER 2021 WITH TWO MODEL VARIANTS. . BMW i4 M50 B M Ww i4 — The first purely electric M performance car. — Upto510 km range (WLTP). — 400 kw/544 hp. A tlc — Oto 100 km/h in 3.9 seconds. WITHOUT ANY RARE BMW i4 eDrive40 EARTHS. — Upto 591 km
Slide 17: BMW iX - technology flagship for sustainable mobility
BMW iX - TECHNOLOGY FLAGSHIP FOR SUSTAINABLE MOBILITY. | PRODUCTION OF THE FULLY-ELECTRIC BMW IX STARTED IN JUL’ BMW iX xDrive50 BMW IX — Upto 620 km range (WLTP). 57TH GENERATION — 385 kw/523 hp. BMW eDRIVE — Oto 100 km/h in 4.6 seconds. WITHOUT ANY RARE EARTHS. BMW iX xDrive40 — Upto 425 km range
Slide 18: Neue Klasse 2025
NEUE KLASSE 2025. . UNCOMPROMISINGLY ELECTRIC, DIGITAL ELECTRIC FIRST. Uncompromisingly designed and optimized for electric drivetrains - we call it BEV-only. AN ) Cl RCU LAR. Aim to match range and contribution margin of state-of-the-art combustion engines with comparable performance. SECONDARY FIR
Slide 19: All of our brands are becoming electric
ALL OF OUR BRANDS ARE BECOMING ELECTRIC. Urban concepts from BMW Motorrad that are only all-electric. MINI and Rolls-Royce electric only from 2030. BMW Group Investor Presentation | April 2022
Slide 20: In-house development and production of key components
IN-HOUSE DEVELOPMENT AND PRODUCTION OF KEY COMPONE T! HIGHLY INTEGRATED E-DRIVE E-Motor, Power Electronics, Gear Box BATTERY SYSTEM/BATTERY CELL COMBINED CHARGING UNIT BMW Group sentation | April 2022 -20-
Slide 21: Battery cell is key component of success of BMW
BATTERY CELL IS KEY C( ESS OF BMW. BATTERY KPI DETERMINE VEHICLE CHARACTERISTICS CA 4 0 % OF TOTAL VEHICLE RANGE CHARGETIME || DRIVING POWER COST COSTIS COST FOR THE BATTERY PACK (E.G. 14). eG Energy Density 6 gs < v. - os, ~ Lifetime Power Density (Ch/DCh) Safety MODUL- & —=S0505>—— > SYSTEM COST B
Slide 22: Battery technology
BATTERY TECHNOL : TRANSITION FROM Energy Density performance/range maximization towards PORTFOLIO ORIENTED (performance vs. low cost). Performance Step 1: Si-Oxide/Graphite Step 2: High SI anode e.g., Si-C compound De we Cost Down hdl Step 2: CO free, low Ni, e.g,. Lithium- Site Step 1: Co free Mang
Slide 23: Developing expertise and structures throughout the e-mobility process chain
DEVELOPING EXPERTISE AND STRUCTURES THROUGHOUT THE PROCESS CHAIN OF E-MOBILITY. Module productio Competence Centre E-Drive Production (HEAT) Battery cell pilot plant Battery Cell ; Competence Centre a Fr 7) ue ony MA PARSDORF ——DINGOLFING | tnwrara Praga Spry. BMW ntation | April 2022 =) -23-
Slide 24: Transformation in full swing
TRANSFORMATION Oxford MINI BEV Spartanburg High-voltage battery assembly Regensburg BMw X1 BEV (2022) — Battery cell coating — High-voltage battery assembly (2022) Landshut — E-machine — Housing e-machine (casting) Munich Pilot Plant E-Drive BMW i4 Battery Cell Competence Center FULL SWING. Leipzig
Slide 25: BMW Charging: most comprehensive offering
BMW CHARGING IS THE MOSTCOMPREHENSIVE OFFERING OF ITS KIND N THE MARKET FOR CHARGING AT HOME AND ON THE GO. HOME WORKPLACE PUBLIC CHARGING CHARGING CHARGING | ; E~ K — Flexible Fast Charger Charging portfolio for fleets: — Public Charging cable (EU) ex factory — High Power Charging (HPC) — Choose an
Slide 26: The BMW Group uses partnerships
THE BMW GROUP USES — IN coo & PARTNERSHIPS to prepare itself for future techno- logies and business opportunities. Solid . © Quale “\rriver f umicore “Nene Ansys srecanris toR Ns northvolt IONITY ” critical kc a fencent iif A wvosect TIfech ENCORY r 4 @-on NA@VINFO> i 4 aiites ewe - CATL adam Cre D
Slide 27: Why invest in BMW?
WHY INVEST IN BMW? @) Row “Best credit rating in Europe, second best FIRST-CLASS INDIVIDUAL MOBILITY - We play a pioneering role in setting standards fi tomorrow. It combines pleasure and responsibility without compromise. SUSTAINABILITY - The BMW Group is a holistically sustainable company taking E
Slide 28: Digital everywhere
“DIGITAL EVERYWHERE 10,000 COLLEAGUES IN A GLOBAL DEVELOPMENT NETWOR - Munich Beijing Lisbon Ulm Shenyang Porto Mountain View } 5 A « Tokyo Shanghai Nanjing The BMW Group integrates SOFTWARE DEVELOP
Slide 29: Digitalization addresses the overall company
DIGITALIZATION ADDRESSES THE OVERALL COMPANY. CONSIST DIGITALIZATION TO EXPLOIT POTENTIALS IN ALL BUSINESS SE Sy Business Processes Products Customer Interaction. Fe ke Remote software upgrade customer experience @ Smart logistics e | Innovative automation | on ’ 6. ces BENGE ETE ’ Automated driving
Slide 30: Approaches to digitalization
APPROACHES TO DIGITALIZATION. ENABLERS FOR BMW i FACTORY. DATA SCIENCE. ARTIFICIAL INTELLIGENCE. VIRTUALISATION. Potential for automation in logistics Validation spanning End-to-end data from component to customer. and quality processes. Research&Development/Purchase/Production. . A . Group-wide pla
Slide 31: State-of-the-art driving and parking assistance systems
STATE-OF-THE-ART DRIVING ANB PARKING ASSISTANCE SYSTEMS PROVIDE OUR CUSTOMERS WITH THEBEST DRIVING EXPERIENCE. MORE THAN 40 FEATURES. ce Te wow A me Ys as — @ 130: ACTIVE SAFETY PARKING SYSTEMS FOR SYSTEMS. SYSTEMS. MORE COMFORT. BMW Group Investor Presentation | April 2022
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− − − − − − − − − − − − − − − − − − − − − − − − − − − − − − − − − − − − − − − − −
Slide 33: Regular over-the-air updates
REGULAR OVE -THE-AIR UPDATES (0 ry) MW HAS THE WORLD'S LARGEST FLEET. WORLD'S LARGEST UPGRADABLE FLEET — 2m cars updated with most recent release — Upgradable fleet of 2.5m cars 50 FEATURE UPGRADES (performedin the past 3 years) — Forall functional domains — Infotainment/driving assistant/security/p
Slide 34: BMW Operating System 8 technology stack
BMW OPERATING Svs | EM BIS THE MOST POWERFUL AND EXT TECHNOLOGY STACK EVER CREATED BY BMW. Fast, reliable data transmission using 5G mobile technology Always up to date: Remote Software Upgrade le en I Y aa NX Po - = : ae é <-> \ SOI Over-the-air retrofitting: Functions on Demand 7 apps, per optimiz
Slide 35: The all-new iDrive - ready for the future
THE ALL-NEW iDRIVE - READY FOR THE FUTURE. INDIVIDUAL, INTUITIVE, INTELLIGENT, PROACTIVE, HIGH-RESOL aN v . PIXEL PERFECT DESIGN e ae NKS ge @ 4 & ae NY NS q > $ e < + ‘ © Nd y a VAN PERSONAL AND NATURAL THE ALL-NEW BMW iDRIVE. The easiest and most joyful user interaction ever built by BMW. Powered
Slide 36: Your Now JV: digital mobility services
YOUR NOW JV: STATE-OF-THE-ART DIGITAL MOBILITY SERVICES WITH A SIGNIFICANT CUSTOMER BASE AND COVERAGE. A A FRE enow Ail REACH ore Pow Pircenow Goad i) Now ZH Now ¢ Now n/a BEAT E2 Interactions 137.3 0.4 14.4 Customers* 54.5 0.3 33 Cities" 152 4 16 * Partially data summation w/o consideration of poss
Slide 37: Why invest in BMW?
WHY INVEST IN BMW? (ey RoW FIRST-CLASS INDIVIDUAL MOBILITY - We play a pioneering role in setting standards fi Oo 7 tomorrow. It combines pleasure and responsibility without compromise. @ SUSTAINABILITY - The BMW Group is a holistically sustainable company taking Every investment in BMW is a sustain
Slide 38: BMW, MINI, Rolls-Royce and BMW Motorrad deliveries FY 2021
BMW, MINI, ROLLS-ROYCE AND BMW MOTORRAD DELIVERIES* F¥2021. BMW BRAND, ROLLS-ROYCE AND MOTORRAD REPORTS ALL-TIM SALES HIGH. fi. = | Vem LN e \ - \ © — \ g “é ) SS y { " x ~ = 2,213,790 194,261 302,138 +9.1% +14.8% +3.3% Cris OF R + Reta vehicle delivery data for 2020 and 2021 are nat dfeetivcomporab
Slide 39: BMW, MINI, Rolls-Royce and BMW Motorrad deliveries Q1 2022
BMW, MINI, ROLLS-ROYCE AND BMW MOTORRAD DELIVERIES* Q(92022. STABLE DEVELOPMENT DESPITE HIGHLY VOLATILE ENVIRONME \ fi. ~ — » > Cae ia : ——— g ] : \ 4 y ) _ —~s 519,796 47,403 75,487 -7.3% +11.3% +1.1% Cris OF R BMW Group Investor Presentation | April 2022 -39-
Slide 40: BMW Group automobile deliveries to customers
BMW GROUP AUTOMO DELIVERIES TO CUS DELIVERIES OF AUTOMOBILES Q12022 Q12021 CHANGE IN % Europe 220,076 238,761 78 thereof Germany* 61,552 67,939 -9.4 United Kingdom 39,781 42,156 5.6 Americas 98,718 95,961 +2.9 thereof USA 80,590 77,718 43.7 Asia 264,235 286,968 7.9 thereof China Mainland 208,507 229
Slide 41: Premium segment market 2021
PREMIUM SEGMENT MARKET 2021. 35% 30% 25% 20% 15% 10% 5% 0% 31% 29% 16% United Germany China Kingdom Spain South Korea Italy France USA Canada World average: 12.5% Russia Australia South Africa Turkey Japan
Slide 42: Global production network FY 2021
GLOBAL PRODUCTION NETWORKFY 2021. OFFERING HIGH FLEXIBILITY “ Munich, Germany BMW 3, 4 series, i4, BMW M 151,154 = Dingolfing, Germany BMW 3, 4,5, 6, 7, 8series, BMW M, iX 244,734 8% m Regensburg, Germany BMW 1, 2, 3, 4 series, X1,X2 183,485 Leipzig, Germany BMW 1, 2 series, i3, BMW M 191,604 @ Ross
Slide 43: Global production and sales network
High voltage battery assembly 2 vehicle plants asl 1 engine plant + 3 new vehicle plants 4 development sites 300+ 15 tier Suppliers @ e «a 5 Regional Offices & 600+ sales outlets
Slide 44: Financial Services at a glance
FINANCIAL SERVICES AT A GLANCE. FY 2021. ; ; BUSINESS LINES (PORTFOLIO SIZE) Global Serviced retail - ~ 7 Operations in contracts oy vm ~ ~50 56 py i illion. i: Co) Fa countries. milion | q rs i Ft CONSUMER DEALER 14% 18% FINANCE FINANCE FINANCE EU BANK €110.0 BN € 13/0 BN €66BN \ oe ma APAC W/O CHI
Slide 45: BMW Motorrad
BMW MOTORRAD. ONE BRAND. ONE — WORLDS OF EXPERIENCE. URBAN MOBILITY. BMW Group Investor Presentation | April 2022
Slide 46: +2.5% points +0.0% points -18.4% points
2,907 2,260 +28.6 10.2 7.7 +2.5% points 589,290 687,012 -14.2 1,925 2,010 -4.2 7.7 7.7 +0.0% points 37,625 39,673 -5.2 -96 -8 - -19.8 -1.4 -18.4% points 829 686 +20.8
Slide 47: +9.1% points -1.8% points +7.6% points
16,060 5,222 - 14.4 5.3 +9.1% points 30.7 32.5 -1.8% points 2,521,514 2,325,179 +8.4 9,870 2,162 - 10.3 2.7 +7.6% points 6,354 3.395 +87.2 22,362 18,462 +21.1 194,261 169,272 +14.8 227 103 - 8.3 4.5 +3.8% points 3,753 1,725 - 22.6 11.2 +11.4% points 50.5 49.8 +0.7% points 0.18 0.21 -0.03% points
Slide 48: Automotive segment EBIT margin
AUTOMOTIVE SEGMENT | MARGIN. (in %) Guidance for 2022 103 7% -9%, 11,8 Mid-term target 8% - 10%. 2010 2011 2012 = 2013*** = = 2014 2015 2016 = =2017** = 2018 2019 2020 =—.2021* uation of the provision for the ongoing EU antitrust proceedings. | ** Adjusted value for 2017 in accordance
Slide 49: Consistently reliable dividend payouts to our shareholders
CONSISTENTLY RELIABLE DVIDEND PAYOUTS TO OUR SHARE STRATEGIC TARGET PAYOUT RATIO: 30-40%. payout to BMW AG shareholders. [in mE] Payout ratio! {in %] 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Dividend per 2.30 2.50 2.60 3.20 3.50 4.00 3.50 ordinary share? [in €] 4.00 2.50 1.90 5.80 divi
Slide 50: Committed to playing a key role in tomorrow's mobility: R&D ratio
THE BMW GROUP |S COMMYTTEDTO PLAYING AKEY ROLE IN TOMORROW'S MOBILITY. Ex iture.* The RED ratio is expected within our target corridor of 5% - 5.5% in 2022. R&D Ratio.** The capitalization ratio in 2022 is expected to be within a corridor of 35% - 40%. [in mE, HGB] 8.000 7.000 Long-term target ratio
Slide 51: Tight management of capital expenditure
TIGHT MANAGEMEN | OP CARETADEXPENDITURE TO ACHIEVE T, J] re.* For 2022 we expect a ratio in the area of the 5% threshold. Inm! Capex Ratio.** [in %] Long-term target ratio <5% 2021 2007. 2008 += 2009S 2010 2011-2012, 2013, 2014 += 2015. 2016 = 2017S 2018 §=.2019*** += 2020 sets in the balance sheet
Slide 52: Significant contribution of Financial Services: return on equity
SIGNIFICANT CONTRIBUTION OF FINANCIAL SERVICES TO BMW We expect the RoE for 2022 in a corridor of 14 and 17% - Services. above the strategic target of at least 14%. [in mE] Return on Equity. [in %] ea af 25,0 20,2 20,2 " BE 18,1 20,0 15,0 10,0 5,0 2014 2015 2016 2017 2018 2020 2021
Slide 53: BMW Group Financial Services: credit loss ratio
BMW GROUP FINANCIAL SERVICES DEVELOPMENT OF CREDIT LOSS RATIO. loss ratio.* [in %] 2007. 2008 §=2009 2010 2011 2012 2013 2014 2015 2016 §=2017 «2018 + 2019 2020 2021 folio. Credit losses: ll write offs, meaning Definition Credit the lost receivable including accumulated process after write offis als
Slide 54: Free cash flow automotive segment
FREE CASH FLOW. AUTOMOTIVE SEGMENT. Free Cash Flow (Automotive).* The free cash flow is expected to reach at least 12 billion euros in FY 2022. [in mE] eas4 Long-term target >7 billion euros. 2007 2008 2009** 2010 2011** 2012 2013** 2014 2015 2016 2017 2018 2019 2020 2021 "Definition: Free cash flow
Slide 55: The performance programme contributes substantially to earnings and free cash flow
THE PERFORMANCE PROGRAMME CONTRIBUTES SUBSTANTIA TO OUR EARNINGS AND FREE CASHFLOW. IMPROVE SALES PERFORMANCE. Steering of sales activities even more granular and in real time - at the level of sales channel, markets and models. Re-allocating volumes to markets with high contribution margins and red
Slide 56: Share buyback proposal at the upcoming AGM
AT THE UPCOMING AGM.* BUSINESS FOCUS. a BMW PROPOSES SHARE BU STRINGENT CAPITAL MA BMW's Board of Management and Supervisory Board will seek an authorisation for a share buyback via the stock exchange at the AGM-2022 creating the option to improve its capital structure. — The profitable business dev
Slide 57: BBA joint venture consolidation steps
BBA JOINT VENTUR ION. STEPS TO CONSOLIDATION IN ACCORDANCE WITH IFRS 3. Accounting for acquisition method according to IFRS 3 Overview oe Full consolidation x pawns A 01| Identification > Previously held of assets and liabilities and measurement at fair value (work in progress). Enterprise valuation
Slide 58: Impact of BBA full consolidation on automotive EBIT
IMPACT OF BBA CHINA JOINT VENTURE FULL CONSOLIDATION ON AUTOMOTIVE EBIT. EBIT Automotive Segment (€) Flowchart only used for illustration purpose. Effects cannot be quantified based on the size of the columns. 01 | INCREASE by inclusion of BBA EBIT. Mid-Term Effect 20236f. i 02 | DEPRECIATION a bal
Slide 59: Impact of BBA full consolidation on Group EBT
IMPACT OF BBA FUL ON GROUP EBT. Group EBT (€) Flowchart only used for illustration purpose. Effects cannot be quantified based on the size of the columns. 01| FINANCIAL RESULT Decrease due to , loss" of BBA's At-Equity contribution. Mid-Term Effect 2023Ff. | 2022 : 02 | GROUP EBT f ' increases by fu
Slide 60: Impact of BBA full consolidation on automotive free cash flow
IMPACT OF BBA FUL ON AUTOMOTIVE FREE Free Cash Flow (FCF) Segment Automotive (€) Flowchart only used for illustration purpose. Effects cannot be quantified based on the size of the columns. 01| BBA DIVIDEND from At-Equity consolidation no longer included. Mid-Term Effect 2023¢f. | 2022 02 | BBA FREE
Slide 61: Outlook 2022
OUTLOOK 2022. BMW GROUP KEY PERFORMANCE INDICATORS. 2021 Actuals 2022 Outlook Group Earnings before tax 16,060 Significant increase Workforce at year-end 118,909 Significant increase Share of women in management positions in the BMW Group 18.8 Slight increase AUTOMOTIVE SEGMENT Deliveries to custome
Slide 62: Diversified funding mix
DIVERSIFIED FUNDING MIX INDUSTRY AND BANK-TYPICAL FIN FUNDING INSTRUMENTS FINANCIAL DEBT AS OF FY 2021 Lease Derivative <lyr lyr ) 2yrs ) 3yrs )) 4s ) 5yrs yrs ))10yr+ ) Other, 1,2_Liabilties; 2,4 Instruments; 1,9 Commercial paper; 1,4. SUM €103.5 bn. cP* (EMTN) PPs Bonds Banks loans ‘oe ® ABCP* ABS
Slide 63: Corporate finance ensures solvency at any time
CORPORATE FINANCE ENSURES SOLVENCY AT ANY TIME. MANAGING RISK ALONG THE ENTIRE VALUE CHAIN. RESEARCH & yay. DEVELOPMENT Financial Risk Strategic Direction Operational Implementation SUPPLY a2) His PRODUCTION 2X) MARKETING Liquidity Funding ~~ Solvent Independent Flexible Value Oriented ~ Minimum Liq
Slide 64: Global markets access: treasury organization
GLOBAL MARKETS A TREASURY ORGANIZATION ENSURES 24 HOUR MARKET COV Stand Alone Bonds Asset Backed Securities 144A/RegS Bonds USS 7 bn CP Program \e Asset Backed Securities —ew dl BMW Bank North America Salt Lake City Treasury Center Amerika Woodcliff Lake 50 BN. EMTN PROGRAM 5 BN. EUR & 2 BN. FRENCH
Slide 65: BMW Group Investor Relations contacts
BMW GROUP INVESTOR RELATIONS. CONTACTS. VERONIKA ROSLER PATRICK NEUMAYER GERALD SCHMUTZ ANDREAS @ORFEER MIRJAM WIPFLER \ Head of Investor Relations Equity & Debt IR Equity & SRIIR Equity IR & Annual General Equity & Debt IR Meeting (AGM) +49-89-382-25387 +49-89-382-24272 +49-89-382-62393 +49-89-382-
Slide 66: Financial calendar 2022
BMW GROUP INVESTOR RELATIONS. FINANCIAL CALENDAR 2022 A A y BMW Group Report 2021 Virtual BMW Group Annual Conference - Analyst and Investor Day Quarterly Statement to 31 March 2022 Annual General Meeting 2022 Half-Year Report to 30 June 2022 Quarterly Statement to 30 September 2022 BMW Group Invest
Slide 67: BMW Group investor events and conferences
BMW GROUP INVESTOR EVENTS, CONFERENC 13.=-14.04.2022 CFO Roadshow, US East Coast 19.04.2022 Preview Event of the all-new BMW 7 Series, Munich 20.05.2022 Virtual Citi Auto Conference 24.- 25.05.2022 dbAccess German Corporate Conference, Frankfurt 01.06.2022 Kepler Cheuvreux Digital ESG Conference 07.
Slide 68: Disclaimer
DISCLAIMER. This document contains forward-looking statements that reflect BMW Group's current views about future events. The words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” “may,” "can," “could,” “plan,” “project,” “should” and similar expressions are used to identify forwa