Basf Se · XETR:BAS
Basf — Investor Day (October 2025)
21 slides from Basf's investor day presentation, Oct 2, 2025
Slide 1: At the core of the Verbund: Ethylene oxide value chain
At the core of the Verbund: Ethylene oxide value chain Thomas Kloster, President Petrochemicals Mary Kurian, President Care Chemicals Antwerp, October 2, 2025
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: Petrochemicals and Care Chemicals: Integral parts of BASF's core businesses
Petrochemicals and Care Chemicals: Integral parts of BASF’s core businesses and deeply rooted in the Verbund Core businesses Role in BASF’s portfolio Petrochemicals division Chemicals Materials Industrial Solutions Nutrition & Care ▪ Maintains strong earnings and cash contributions over the cycle ▪
Slide 4: Chemicals and Nutrition & Care segments share of sales
Kann optimiert werden, wenn nötig Chemicals The Chemicals and Nutrition & Care segments account for more than 40% sales of our Nutrition & Care core businesses The ethylene oxide value chain accounts for around 20% of sales in the Chemicals and Nutrition & Care segments 3 October 2, 2025 | BASF Capi
Slide 5: BASF's Petrochemicals division: Who we are
BASF’s Petrochemicals division: Who we are Key ▪ Profitable starting point for BASF’s value Our key products have leading market positions capabilities chains and competitive Verbund sites with world-scale facilities ▪ Leading process technologies and strong commitment to operational excellence ▪ St
Slide 6: BASF's Care Chemicals division: Who we are
BASF’s Care Chemicals division: Who we are Key ▪ Global leader, consistently among top 3 suppliers Care Chemicals has leading market positions capabilities ▪ Resilient earnings in attractive markets ▪ Deeply integrated in multiple value chains ▪ Well-invested for future growth ▪ Close to customers i
Slide 7: We have invested in the ethylene oxide value chain in recent years
We have invested in the ethylene oxide value chain in recent years to deliver earnings growth and balance our footprint Port Arthur Antwerp Ludwigshafen Nanjing Geismar Zhanjiang Startup 2025/2026 Petrochemicals division Capacities EO value chain1 (thousand metric tons per year) Steam cracker Ethyle
Slide 8: BASF uses flex-feed crackers as a starting point for its value chains
BASF uses flex-feed crackers as a starting point for its value chains1 Ethylene (Purified) ethylene oxide Commodities Petrochemicals division (e.g., ethylene glycol) ▪ Flex-feed crackers produce a wide spectrum of key raw materials, allowing Naphtha Butane BASF to use the lowest cost feedstock for P
Slide 9: Integrated ethylene oxide value chain enables growth in high-value products
Integrated ethylene oxide value chain enables growth in high-value products 30%1 Petrochemicals division High-value products ▪ Access to commodity markets enables scale (e.g., alkoxylates) and provides cost-competitiveness and flexibility 10%1 30%1 25%1 ▪ Competitive and reliable supply fosters grow
Slide 10: Feedstock flexibility positions Antwerp steam cracker in the first quartile
Feedstock flexibility positions Antwerp steam cracker in the first quartile of the ethylene cost curve Ethylene cash cost curve for Western Europe Average estimated cash costs 2025 (volume in kt, cost in $/t) Cost position without feedstock Cash costs flexibilization BASF Antwerpen Production capaci
Slide 11: Combined cost position of ethylene and ethylene oxide puts BASF in leading position
Combined cost position of ethylene and ethylene oxide puts BASF in the leading cost position in Western Europe Ethylene oxide cash cost curve for Western Europe Average estimated cash costs1 2025 (volume in kt, cost in $/t) Cash costs BASF Antwerpen Production capacity 1 Combines cost position of et
Slide 12: We secure our leading cost positions through operational excellence
We secure our leading cost ~€65 million positions through operational saved in 2025 through continuous improvements excellence and continuous improvements Examples from Antwerp ▪ Raw material consumption reduced through continuous and Ludwigshafen catalyst improvements ▪ Improved heat and steam ▪ Ap
Slide 13: Backward integration as key enabler for Care Chemicals
Backward integration as key enabler for Care Chemicals to compete and differentiate in alkoxylation markets Alkoxylation1 is a significant outlet for purified ethylene oxide and enables Care Chemicals’ broad portfolio, serving diverse markets Additional key success factors ▪ Backward integration int
Slide 14: High-impact R&D enables Care Chemicals to meet market needs
High-impact R&D enables €3.9 billion Care Chemicals to meet market Sustainable-Future needs through differentiation Solutions sales1 2024 ▪ Global R&D and application expertise hubs ▪ Forward-thinking solutions for rapidly evolving market and regulatory demands ▪ Strategic alliances to drive and acc
Slide 15: Key customers consistently value BASF as a partner to drive innovation
Procter & Gamble Henkel Key customers Henkel Consumer Brands consistently value Sustainability Award: BASF as a 2021, 2022 Best Innovation partner to drive Contributor Award: innovation Home Care 2023 and Unilever sustainability Home Care Innovation Award: 2024, 2025 External business partner Home C
Slide 16: In the words of a key global customer
In the words of a key global customer “BASF is one of our most trusted business partners. Together, we go beyond a traditional supplier relationship – creating value along the supply chain, driving innovation and sustainability, and creating joint business value. For example: By closely collaboratin
Slide 17: Care Chemicals holds leading positions across alkoxylation product lines
Care Chemicals holds leading positions across highly relevant alkoxylation product lines in attractive markets Non-ionic Amine Alcohol alkoxylates / Polyethylene EO/PO surfactants ethoxylates ethoxylates glycol copolymers Home Care and I&I1, Home Care and I&I1, Home Care Industrial Personal Care, In
Slide 18: Innovation is a key value driver to address customer and market needs
Innovation is a key value driver to address customer and market needs, building on the strong backbone of the value chain Launch year ▪ Low-foaming specialty Plurafac® LF 2260 alkoxylate for concentrated 2024 laundry formulations ▪ Improves stain removal, Launch year even at low temperatures ▪ Readi
Slide 19: BASF is enabling the green transformation of its customers
Key customers have Scope 3 greenhouse gas emission reduction commitments of 30% to 50% until 2030 BASF is enabling the green Greenhouse gas emissions of EO production (t CO2 / t EO) transformation BASF site in Antwerp vs regional peers of its customers 1.6 through multiple 1.1 0.8 entry points into
Slide 20: The EO value chain will play a key role in delivering the 2028 segment targets
The EO value chain will play a key role in delivering on the segment targets for 2028 Chemicals segment Nutrition & Care segment Targeted EBITDA bsi increase of Targeted EBITDA bsi increase of €1.5 – €2.1 billion €800 – €900 million between 2023 and 2028 between 2023 and 2028 Million € Million € ~20
Slide 21: BASF - We create chemistry
O- BASF We create chemistry