Slide 1: BASF Conference Call: Q2 2026
BASF Conference Call: Q2 2026 July 29, 2026
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: Major progress on "Winning Ways" strategy achieved
Major progress on “Winning Ways” strategy achieved We reduced costs structurally, brought down capex and increased plant utilization We successfully ramped up Verbund site in Zhanjiang We executed on value- enhancing portfolio measures Winning Culture Value Creation 3 July 29, 2026 | BASF Conference
Slide 4: BASF sharply increased prices and volumes in Q2 2026
BASF sharply increased prices and volumes in Q2 2026 Monthly sales development 20261 % vs. prior-year month Jan Feb Mar Apr May Jun Jan Feb Mar Apr May Jun Jan Feb Mar Apr May Jun Jan Feb Mar Apr May Jun Q2 2026 vs. Q2 20251: 13% ▪ We increased prices, 11% 11% 10% particularly in the Chemicals 8% an
Slide 5: Sales increases achieved across all regions
Sales increases achieved across all regions Volume and price development by region1 Q2 2026 vs. Q2 2025 (excluding metals) North America Greater China Volumes Prices Volumes Prices Europe ▼ -1.5% ▲ 8.6% Volumes Prices ▲ 23.4% ▲ 10.0% ▲ 5.8% ▲ 13.0% South America, Asia Pacific Africa, Middle East . (
Slide 6: Q2 2026: Strong increase in EBITDA before special items driven by all segments except Surface Technologies
Q2 2026: Strong increase in EBITDA before special items driven by all segments except Surface Technologies BASF Industrial Nutrition Surface Agricultural BASF Group1 Chemicals Materials Solutions & Care Technologies1 Solutions Other1 Group1 194 2,449 EBITDA before 127 8 31 special items 383 -57 Q2 2
Slide 7: Agricultural Solutions delivered very robust performance in H1 2026
Agricultural Solutions delivered very robust performance in H1 2026 H1 2026 sales by indication EBITDA before special items (%) (million €), corresponding margin (%) Insecticides Seed Treatment 5% 1,621 1,550 10% Seeds & Traits Herbicides 23% €5,315 32% 30% 29% 30% Fungicides H1 2025 H1 2026 Sales d
Slide 8: We are accelerating the streamlining of our global organization
We are accelerating the streamlining of our global organization H1 2026 personnel reduction1 exceeds combined reduction in 2024 and 2025 2024 2025 H1 2026 ~1,000 ~2,400 ~3,500 In May 2026, Since January 1, 2024, FTE at BASF SE brought below 30,000 – for the first time BASF Group has reduced the numb
Slide 9: We are strengthening the competitiveness of the Ludwigshafen site
We are strengthening the competitiveness of the Ludwigshafen site Competitiveness of more than 850 production units at the Ludwigshafen Verbund site High High ▪ Restructuring of asset base in competitiveness competitiveness 12% Ludwigshafen is well advanced 2024 2026 22% ▪ Share of highly competitiv
Slide 10: On track to achieve targeted cost savings of ~€2.3 billion by end of 2026
We are on track to achieve the targeted cost savings of ~€2.3 billion by end of 2026 Billion € ~2.3 1.7 1.0 0.7 0.6 0.5 0.4 ~0.3 ▪ By the end of June 2026, we achieved cost savings By Dec. 31, 2023 By Dec. 31, 2024 By Dec. 31, 2025 By Dec. 31, 2026 of ~€2.0 billion (run rate) (Expected) annual cost
Slide 11: BASF successfully completed the Coatings transaction with Carlyle
BASF successfully completed the Coatings transaction with Carlyle ▪ Pre-tax cash proceeds of ~€5.8 billion received in Q2 2026; net cash inflow of ~€5.6 billion reported in cash flows from investing activities New name and ownership structure ▪ Disposal gain after taxes of since closing €3.5 billion
Slide 12: BASF accelerated the sell-down of its financial participation in Harbour Energy
BASF accelerated the sell-down of its financial participation in Harbour Energy ▪ Since March 2026, BASF generated cash proceeds of more than €800 million from the sale of Harbour Energy shares ▪ Remaining stake of just under 25% of the voting shares currently worth roughly €1 billion ▪ The particip
Slide 13: CoreShift: Creating a new operating model for the core
CoreShift: Creating a new operating model for the core ▪ Successful strategy implementation creates new opportunities for BASF to leverage synergies in the core ▪ CoreShift aims to operate the core at up to 20% lower net cash fixed costs by 2029 versus 2024 baseline ▪ We are creating a new operating
Slide 14: BASF Group H1 2026: Key financial figures
BASF Group H1 2026: Key financial figures H1 2026 vs. H1 2025 EBITDA before special items Net income €4,805m €5,072m +€715m +€4,184m Cash fixed costs Free cash flow €7,876m -€1,564m -€351m (-4%) -€298m 14 July 29, 2026 | BASF Conference Call: Q2 2026
Slide 15: Cash flow development in Q2 2026
Cash flow development in Q2 2026 Q2 2026 (million €) H1 2026 (million €) Q2 2026 vs. Q2 2025 ▪ Cash flows from operating activities 524 -273 decreased by €1.1 billion to €524 million, mainly due to higher cash tied up in net working capital ▪ Payments made for property, plant and equipment and intan
Slide 16: Balanced approach to capital allocation in line with Winning Ways strategy
We are taking a balanced approach to capital allocation in line with our “Winning Ways” strategy Cash contributions Cash allocations ▪ Consistent execution of portfolio measures ▪ Shareholder distributions 2025-2028 of at least in standalone businesses: €12 billion via dividends and share buybacks:
Slide 17: BASF to begin new share buyback program in August 2026
BASF to begin new share buyback program in August 2026 Shareholder distributions via dividends ▪ Own shares with a volume of up to €1.0 billion to be repurchased and share buybacks 2025-2028: from August 2026 until April 2027 ▪ New program is part of the €4 billion share buyback At least announced i
Slide 18: BASF continues to focus on deleveraging
BASF continues to focus on deleveraging Million € June 30, 2026 June 30, 2025 Change ▪ BASF’s equity ratio increased by Total assets 83,867 77,668 +8.0% 1.5 percentage points to 44.6% Equity ratio 44.6% 43.1% +1.5ppt ▪ Net debt declined by €4.2 billion to €17.0 billion Net debt 17,117 21,281 -19.6%
Slide 19: Outlook 2026 for BASF Group
Outlook 2026 Adjusted forecast Previous forecast1 for BASF Group EBITDA before special items 6.9 – 7.7 6.2 – 7.0 (billion €) Free cash flow 1.5 – 2.3 (unchanged) 1.5 – 2.3 (billion €) CO2 emissions2 17.2 – 18.2 (unchanged) 17.2 – 18.2 (million metric tons) 1 As published on February 27, 2026 2 Scope
Slide 20: We create chemistry
O- BASF We create chemistry
Slide 21: BASF Group Q2 2026 vs. Q2 2025 and H1 2026 vs. H1 2025
BASF Group Q2 2026 vs. Q2 2025 and H1 2026 vs. H1 2025 Financial figures Q2 2026 Change H1 2026 Change Million € % Million € % Sales1 17,206 16.4 33,226 6.2 EBITDA before special items1 2,449 53.6 4,805 17.5 EBITDA1 1,965 48.6 4,151 22.4 EBIT before special items1 1,479 115.6 2,913 27.9 EBIT1 937 13
Slide 22: Chemicals
Chemicals EBITDA before special items (million €) Segment cash flow (million €) -38 377 -176 262 233 -356 209 -493 -577 46 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Sales development Total Volumes Prices Currencies Portfolio Q2 2026 vs. Q2 2025 ▲ 43.7% ▲ 20.7% ▲
Slide 23: Materials
Materials EBITDA before special items (million €) Segment cash flow (million €) 792 417 338 511 256 408 408 289 26 4 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Sales development Total Volumes Prices Currencies Portfolio Q2 2026 vs. Q2 2025 ▲ 17.0% ▲ 4.6% ▲ 13.3%
Slide 24: Industrial Solutions
Industrial Solutions EBITDA before special items (million €) Segment cash flow (million €) 434 353 343 361 307 224 291 242 102 -56 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Sales development Total Volumes Prices Currencies Portfolio Q2 2026 vs. Q2 2025 ▲ 7.8% ▲
Slide 25: Nutrition & Care
Nutrition & Care EBITDA before special items (million €) Segment cash flow (million €) 97 2 196 192 204 -27 -34 134 89 -60 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Sales development Total Volumes Prices Currencies Portfolio Q2 2026 vs. Q2 2025 ▲ 5.7% ▲ 12.3% ▼
Slide 26: Surface Technologies
Surface Technologies EBITDA before special items1 (million €) Segment cash flow1 (million €) 274 292 328 275 148 172 130 63 115 -28 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Sales development Total Volumes Prices Currencies Portfolio Q2 2026 vs. Q2 2025 ▲ 11.5%
Slide 27: Agricultural Solutions
Agricultural Solutions EBITDA before special items (million €) Segment cash flow (million €) 1,206 1,102 811 881 465 417 448 381 80 -1,160 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Sales development Total Volumes Prices Currencies Portfolio Q2 2026 vs. Q2 2025 ▲
Slide 28: Review of "Other"
Review of “Other” Financial figures Q2 2026 Change H1 2026 Change Million € % Million € % Sales1 948 32.6 1,797 11.1 EBITDA before special items1 80 . -239 38.4 of which Costs of corporate research -35 4.2 -66 10.4 Costs of corporate headquarters -65 -7.6 -123 -3.4 Other businesses 59 -8.8 114 26.7