Slide 1: BASF Conference Call: Q1 2026
BASF Conference Call: Q1 2026 April 30, 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: Q1 2026: Solid volume growth almost offsetting FX headwinds and lower prices
Q1 2026: Solid volume growth almost offsetting FX headwinds and lower prices Sales development1 ▪ Volumes increased in all segments Q1 2026 vs. Q1 2025 Total Volumes Prices Currency Portfolio except for Surface Technologies BASF Group ▼ -5.6% ▲ 4.7% ▼ -4.8% ▼ -5.1% ▼ -0.4% (excluding metals)2 ▪ Pric
Slide 4: Strong volume growth in Greater China thanks to BASF's new Verbund site in Zhanjiang
Strong volume growth in Greater China thanks to BASF’s new Verbund site in Zhanjiang Volume and price development by region1 Q1 2026 vs. Q1 2025 (excluding metals) Greater China North America Volumes Prices Volumes Prices Europe ▲ 25.2% ▼ -6.0% ▼ -0.1% ▼ -4.0% Volumes Prices ▲ 3.4% ▼ -4.6% South Ame
Slide 5: Our setup makes us more resilient and better positioned to supply our customers
Our setup makes us more resilient and better positioned to supply our customers BASF’s global Verbund sites Antwerp Nanjing The following factors set BASF apart Ludwigshafen from many of its competitors: Freeport Geismar ▪ Broad and diversified product portfolio; high value add through long Zhanjian
Slide 6: Q1 2026: EBITDA bsi declined slightly; earnings contributions of Surface Technologies and Materials rose
Q1 2026: EBITDA bsi declined slightly; earnings contributions of Surface Technologies and Materials rose BASF Industrial Nutrition Surface Agricultural BASF Group1 Chemicals Materials Solutions & Care Technologies1 Solutions Other1 Group1 2,495 105 42 0 2,356 -102 -38 -102 EBITDA before -45 special
Slide 7: BASF Group Q1 2026: Key financial figures
BASF Group Q1 2026: Key financial figures Q1 2026 vs. Q1 2025 EBITDA before special items1 Net income €2,356m €927m -€140m +€119m Cash fixed costs1 Free cash flow €3,887m -€1,375m -€208m (-5.1%) +€423m 1 Excluding discontinued coatings business 7 April 30, 2026 | BASF Conference Call: Q1 2026
Slide 8: Cash flow improvement in Q1 2026
Cash flow improvement in Q1 2026 Q1 2026 vs. Q1 2025 Q1 2026 (million €) Q1 2025 (million €) ▪ Cash flows from operating activities improved by €185 million to -€797 million ▪ Cash outflows from changes in net working capital amounted to €3.0 billion, at the level of Q1 2025 -797 ▪ Build-up of preci
Slide 9: We will strengthen our balance sheet by reducing net debt in 2026
We will strengthen our balance sheet by reducing net debt in 2026 Million € March 31, 2026 March 31, 2025 Change ▪ Total assets almost stable at €81.8 billion compared with March 31, 2025 Total assets 81,766 81,419 0.4% ▪ At 43.4%, BASF’s equity ratio Equity ratio 43.4% 45.9% -2.5ppt remained solid
Slide 10: On track to achieve the targeted cost savings of ~€2.3 billion by end of 2026
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 ▪ By the end of March 2026, 0.4 0.5 we achieved cost savings ~0.3 of ~€1.9 billion (run rate) ▪ Cumulative one-time costs By Dec. 31, 2023 By Dec. 31, 2024 By Dec. 31, 2025 By Dec. 31, 2026 o
Slide 11: We are taking a balanced approach to capital allocation
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 12: Outlook 2026 for BASF Group is currently not updated
Outlook 2026 BASF Group 2025 BASF Group 2026 actual forecast for BASF Group is currently EBITDA before special items (billion €) 6.6 6.2 – 7.0 not updated Free cash flow 1.3 1.5 – 2.3 (billion €) CO2 emissions1 16.1 17.2 – 18.2 (million metric tons) 1 Scope 1 and Scope 2 Underlying Growth in Growth
Slide 13: We create chemistry
O- BASF We create chemistry
Slide 14: BASF Group Q1 2026 vs. Q1 2025: Financial figures
BASF Group Q1 2026 vs. Q1 2025: Financial figures Financial figures Q1 2026 Q1 2025 Change Million € Million € % Sales1 16,020 16,509 -3.0 EBITDA before special items1 2,356 2,495 -5.6 EBITDA1 2,186 2,070 5.6 EBIT before special items1 1,434 1,592 -9.9 EBIT1 1,261 1,160 8.8 Net income from sharehold
Slide 15: Chemicals
Chemicals EBITDA before special items (million €) Segment cash flow (million €) -38 336 -176 262 209 233 -390 -493 -577 46 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Sales development Total Volumes Prices Currencies Portfolio Q1 2026 vs. Q1 2025 ▼ -4.1% ▲ 11.4% ▼
Slide 16: Materials
Materials EBITDA before special items (million €) Segment cash flow (million €) 511 417 469 408 408 338 256 289 44 4 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Sales development Total Volumes Prices Currencies Portfolio Q1 2026 vs. Q1 2025 ▼ -6.1% ▲ 4.3% ▼ -5.2%
Slide 17: Industrial Solutions
Industrial Solutions EBITDA before special items (million €) Segment cash flow (million €) 361 361 307 291 353 343 242 224 142 102 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Sales development Total Volumes Prices Currencies Portfolio Q1 2026 vs. Q1 2025 ▼ -7.8% ▲
Slide 18: Nutrition & Care
Nutrition & Care EBITDA before special items (million €) Segment cash flow (million €) 97 230 196 192 -27 -34 134 -60 89 -103 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Sales development Total Volumes Prices Currencies Portfolio Q1 2026 vs. Q1 2025 ▼ -2.9% ▲ 8.9%
Slide 19: Surface Technologies
Surface Technologies EBITDA before special items1 (million €) Segment cash flow1 (million €) 292 274 328 275 148 170 172 63 130 -2 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Sales development1 Total Volumes Prices Currencies Portfolio Q1 2026 vs. Q1 2025 ▲ 9.9% ▼
Slide 20: Agricultural Solutions
Agricultural Solutions EBITDA before special items (million €) Segment cash flow (million €) 1,204 1,206 1,102 811 465 417 381 -978 80 -1,160 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Sales development Total Volumes Prices Currencies Portfolio Q1 2026 vs. Q1 202
Slide 21: Review of "Other"
Review of “Other” Financial figures Q1 2026 Q1 2025 Change Million € Million € % Sales1 849 903 -5.9 EBITDA before special items1 -319 -274 -16.3 of which Costs of corporate research -42 -47 10.2 Costs of corporate headquarters -58 -59 0.9 Other businesses 55 26 115.5 Miscellaneous income and expens