Slide 1: Analyst Conference Call Q2 2024
Analyst Conference Call Q2 2024 July 26, 2024 1 July 26, 2024 | BASF Analyst Conference Call Q2 2024
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: Q2 2024: EBITDA before special items at prior-year quarter level; outlook 2024 unchanged
Q2 2024: EBITDA before special items at prior-year quarter level; outlook 2024 unchanged Sales development Q2 2024 vs. Q2 2023 Volumes Prices Portfolio Currency Sales 7% down on Q2 2023 at €16.1 billion, mainly due to lower prices; however, pressure on BASF Group adjusted1 2.4% -3.8% -0.1% -1.1%
Slide 4: Snapshot Q2 2024: Market development and BASF's performance
Snapshot Q2 2024: Market development and BASF’s performance Market Volume Specific environment development margin Chemicals Materials Industrial Solutions Surface Technologies1 Nutrition & Care Agricultural Solutions Impact on BASF’s EBITDA before special items in Q2 2024 vs. Q2 2023 4 July 26, 2024
Slide 5: EBITDA before special items at prior-year quarter level, despite lower Agricultural Solutions earnings
EBITDA before special items at prior-year quarter level, despite considerably lower earnings in Agricultural Solutions BASF Industrial Surface Nutrition Agricultural BASF Group Chemicals Materials Solutions Technologies & Care Solutions Other Group EBITDA before special items Q2 2024 vs. Q2 2023 Mil
Slide 6: Agricultural Solutions: We are taking decisive action to secure profitability
Agricultural Solutions: We are taking decisive action to secure profitability Mainly driven by herbicides, particularly glufosinate-ammonium (GA), EBITDA before special items in the first half of 2024 declined by 18% compared with the strong first half of the prior year and reached €1,496 million
Slide 7: BASF Group Q2 2024: Key financial figures
BASF Group Q2 2024: Key financial figures EBITDA before special items EBIT before special items Net income Q2 2024 vs. Q2 2023 Q2 2024 vs. Q2 2023 Q2 2024 vs. Q2 2023 €1,957 million €969 million €430 million +0.6% -3.7% -14.0% Operating cash flow Free cash flow Equity ratio Q2 2024 vs. Q2 2023 Q2 20
Slide 8: Cash flow development in Q2 2024 and H1 2024
Cash flow development in Q2 2024 and H1 2024 Q2 2024 H1 2024 Million € Million € Q2 2024 vs. Q2 2023 2,500 2,500 Cash flows from operating activities decreased by €228 million to €2.0 billion, 1,951 2,000 mainly due to lower dividend payments 2,000 1,437 1,500 from equity-accounted companies and 1
Slide 9: Strong balance sheet
Strong balance sheet Balance sheet June 30, 2024, vs. December 31, 2023 Billion € Total assets increased by €5.1 billion to €82.4 billion, particularly due to higher trade 82.4 82.4 accounts receivable and additions to property, 77.4 77.4 plant and equipment Net debt amounted to €21.4 billion co
Slide 10: Update on BASF's cost savings programs: On track to deliver targeted ~€2.1 billion
Update on BASF’s cost savings programs: On track to deliver targeted ~€2.1 billion total cost savings by the end of 2026 Implementation of the cost savings Billion € Total cost savings (run-rate) programs announced in February 2023 ~€2.1 billion Total one- in full swing 2.0 time costs ~€1.8 billio
Slide 11: Battery Materials: We are adapting in line with recent market developments
Battery Materials: We are adapting in line with recent market developments The trend toward electric vehicles will continue and battery materials remain a significant growth opportunity for the chemical industry Over the last years, BASF has established competitive cathode active materials produ
Slide 12: Outlook 2024 for BASF Group unchanged
Outlook 2024 for BASF Group unchanged Outlook 2024 EBITDA before special items €8.0 billion – €8.6 billion Free cash flow €0.1 billion – €0.6 billion CO2 emissions 16.7 million – 17.7 million metric tons Underlying assumptions Growth in gross domestic product: 2.3% Growth in industrial productio
Slide 13: BASF Capital Markets Day in September 2024 – Agenda
BASF Capital Markets Day in September 2024 – Agenda Thursday, September 26, 2024 12:30 CEST Strategy keynote and Q&A 15:00 CEST Presentation Agricultural Solutions and Q&A 17:00 CEST Tour of the BASF Agricultural Center in Limburgerhof 19:00 CEST Dinner for analysts and investors Friday, Sep
Slide 14: BASF - We create chemistry
O- BASF We create chemistry