Bayerische Motoren Werke Ag · XETR:BMW
Bayerische Motoren Werke — BMW Group — Investor Presentation (January 2026)
71 slides from Bayerische Motoren Werke's investor presentation, January 2026
Slide 1: The BMW Group – Rethinking Premium Individual Mobility for the Next 100 Years
THE BMW GROUP – RETHINKING PREMIUM INDIVIDUAL MOBILITY FOR THE NEXT 100 YEARS. INVESTOR RELATIONS PRESENTATION. January 2026. BMW Group Investor Relations | January 2026 -1-
Slide 2: We make individual mobility more human, intelligent and responsible
WE MAKE INDIVIDUAL MOBILITY MORE HUMAN, INTELLIGENT AND RESPONSIBLE – CREATING AN INSPIRING FUTURE FOR ALL OF US. VISION STRATEGY FINANCIALS OUR PATH TO BRANDS & ELECTRIFICATION | OUR ROBUST THE FUTURE. TECHNOLOGY | SUSTAINABILITY RESULTS. BMW Group Investor Relations | January 2026 -2-
Slide 3: Vision: Thought leaders merging joy and responsibility
VISION I STRATEGY I FINANCIALS WE ARE THOUGHT LEADERS AND SET STANDARDS FOR TOMORROW’S INDIVIDUAL MOBILITY MERGING JOY AND RESPONSIBILITY. Outstanding, thrilling, individual mobility products and services for customers worldwide. Powerful innovations and passion to shape a holistically sustainable c
Slide 4: Powerful innovations, passion and financial resilience shape sustainable mobility
VISION I STRATEGY I FINANCIALS WE USE OUR POWERFUL INNOVATIONS, OUR PASSION AND OUR FINANCIAL RESILIENCE TO SHAPE THE FUTURE OF SUSTAINABLE MOBILITY. We make individual mobility more human, Socially accountable intelligent and responsible – creating an inspiring future for all of us. Holistic Cost-
Slide 5: Neue Klasse is the next level mobility
NEUE KLASSE IS THE NEXT LEVEL MOBILITY WHICH DRIVES PROGRESS ON BOTH A PRODUCT AND A COMPANY LEVEL. ELECTRIC - Taking efficiency of BEVs to a new dimension. Up to 805km of electric range and 400kW maximum charging. DIGITAL - Completely novel and immersive user experience with a new quality of human-
Slide 6: Vision Neue Klasse bundles electrification and digitalization
VISION I STRATEGY I FINANCIALS THE VISION NEUE KLASSE BUNDLES BMW'S INNOVATIVE STRENGTH IN THE CORE AREAS OF ELECTRIFICATION AND DIGITALIZATION. Fully-electric vehicle architecture. Uncompromisingly optimized for electric drivetrains. Scalable technology clusters – highly innovative components and d
Slide 7: Rethinking premium individual mobility for all brands
VISION I STRATEGY I FINANCIALS THE BMW GROUP SETS ICONIC IMPULSES BY RETHINKING PREMIUM INDIVIDUAL MOBILITY CONSTANTLY AND DISTINCTIVELY FOR ALL ITS BRANDS. STRATEGY . BRANDS & ELECTRIFICATION TECHNOLOGY SUSTAINABILITY Strong brand design to transform customers’ dreams into reality, today and in the
Slide 8: Our brands are strong assets
VISION I STRATEGY I FINANCIALS WE ARE MORE THAN THE SUM OF THE BRANDS AND OUR BRANDS ARE STRONG ASSETS WHICH WE EVOLVE IN AN EVER-CHANGING WORLD. FREUDE SPREAD SMILES INSPIRING MAKE LIFE GREATNESS A RIDE The emotional premium The most loved The pinnacle The premium car brand ensuring urban car brand
Slide 9: Technologically flexible: best drive technology for every need
VISION I STRATEGY I FINANCIALS OUR STRATEGIC APPROACH IS STABLE: WE STAY TECHNOLOGICALLY FLEXIBLE. THE BEST DRIVE TECHNOLOGY FOR EVERY NEED. The BMW Group’s leading development expertise in electric drive technologies is demonstrated by its relentless efforts to advance hydrogen fuel cell technology
Slide 10: Inspiring premium vehicles with demand-oriented offers across powertrains
VISION I STRATEGY I FINANCIALS WE DESIGN INSPIRING PREMIUM VEHICLES WITH AUTHENTIC, EMOTIONAL CHARACTER THAT PROVIDE DEMAND-ORIENTED OFFERS ACROSS POWERTRAINS. Luxury BMW iX BMW M5 BMW M5 Touring BMW X3 L BMW iX3 Executive BMW X3 inkl PHEV BMW 2 Series Coupe BMW M3 CS Touring BMW M2 Racing Midsize B
Slide 11: Worldwide footprint of >30 production sites on 4 continents
VISION I STRATEGY I FINANCIALS OUR WELL BALANCED WORLDWIDE FOOTPRINT COMPRISES >30 PRODUCTION SITES ON 4 CONTINENTS. Germany Debrecen (HU) Rayong (TH) Dingolfing (under construction) München Kulim (MY) 1 United Kingdom Regensburg Chennai (IN) Oxford Leipzig Cairo (EG) 1 Jakarta (ID)1 Hosur (IN) 1 Go
Slide 12: Family of battery-electric vehicles in all major segments
VISION I STRATEGY I FINANCIALS WE HAVE A COMPELLING FAMILY OF BATTERY-ELECTRIC VEHICLES WITH AT LEAST ONE BEV MODEL AVAILABLE IN ALL MAJOR SEGMENTS. since Pioneer 2013. We increased sales of all-electric cars (BEVs) in 2025 (+3.6%). We achieved 17.9% all-electric cars as proportion of our total sale
Slide 13: Battery cell factory strategy and partner cell factories
VISION I STRATEGY I FINANCIALS BMW GROUP IS LEVERAGING IN-HOUSE EXPERTISE TO PROVIDE MAXIMUM SUPPORT FOR INDUSTRIALISATION AND RAMP-UP OF PARTNER CELL FACTORIES. Battery cell factory strategy We leverage in-house expertise to provide maximum support for industrialization and ramp-up our partner cell
Slide 14: Gen6 high-voltage battery assembly plants
VISION I STRATEGY I FINANCIALS FOR BMW GROUP GEN6 HIGH-VOLTAGE BATTERY ASSEMBLY WE ADD 5 NEW ASSEMBLY PLANTS. Debrecen Spartanburg Shenyang Woodruff Shenyang BCCC1 Munich Leipzig San Luis Potosí CMCC2 Parsdorf Regensburg Dingolfing Irlbach-Straßkirchen Under construction (Gen6) 1Battery Cell Compete
Slide 15: Step change with each battery generation
VISION I STRATEGY I FINANCIALS WE MAKE A STEP CHANGE WITH EACH BATTERY GENERATION AND THE NEXT WILL BE AT MUCH LOWER COST, RESOURCE-EFFICIENT, AND CO2-REDUCED. We took the strategic decision to introduce a cylindrical Long term in-house battery cell design and pack-to-open-body integration competenc
Slide 16: Neue Klasse Gen6 volume ramp-up to 2028
VISION I STRATEGY I FINANCIALS NEUE KLASSE GEN6 VOLUME TO RAMP UP SIGNIFICANTLY FROM 2026, LEADING TO AN 86% SHARE IN BEV VOLUME BY 2028. Volume development BMW 2022 - 2028 BEV Gen6 BEV Gen5 PHEV ICE Gen6 Gen5 2022 2023 2024 2025 2026 2027 2028 BMW Group Investor Relations | January 2026 - 16 -
Slide 17: Battery system development by generation
VISION I STRATEGY I FINANCIALS BATTERY SYSTEM DEVELOPMENT – EACH GENERATION DEFINED BY REQUIREMENTS, TECHNICAL ADVANCES AS WELL AS REGULATORY MEASURES. INTEGRATION ENERGY SAFETY SUSTAINABILITY . High integration to Higher capacity materials Safety on battery system Better carbon footprint optimize b
Slide 18: Hydrogen fuel cell technology as another pillar
VISION I STRATEGY I FINANCIALS HYDROGEN FUEL CELL TECHNOLOGY HAS THE POTENTIAL TO SERVE AS ANOTHER PILLAR IN THE BMW GROUP’S FUTURE DRIVE SYSTEM PORTFOLIO. Zero emission Great acceleration H2 Short refuelling BMW plans to launch its first-ever series production fuel cell electric vehicle in 2028, of
Slide 19: Standards in digitalization, connectivity and resource management
VISION I STRATEGY I FINANCIALS THE BMW GROUP SETS STANDARDS IN DIGITALIZATION, VEHICLE CONNECTIVITY AND HOLISTIC RESOURCE MANAGEMENT. STRATEGY BRANDS & ELECTRIFICATION TECHNOLOGY SUSTAINABILITY Comprehensive and intuitive user interfaces and state-of-the-art software development. Leading in the OTA1
Slide 20: Software-defined vehicle as delivery platform
VISION I STRATEGY I FINANCIALS BMW’S SOFTWARE-DEFINED VEHICLE IS THE DELIVERY PLATFORM TO OUR DIGITAL CUSTOMER PROMISE. FIVE PILLARS ARE KEY TO REALIZING THE SDV POTENTIAL. Scalability of hardware & Updateability keeps features software layers leverages & platforms development across fresh across ge
Slide 21: Key elements of the BMW digital strategy
VISION I STRATEGY I FINANCIALS KEY ELEMENTS OF THE BMW DIGITAL STRATEGY ENABLE STATE-OF-THE- ART DIGITAL EXPERIENCE. ULTIMATE USER EXPERIENCE. PERFECTLY ASSISTED. ALWAYS CONNECTED. Seamless Interface First Class Driving Assistance Smooth Integration 20+ years of BMW iDrive 40+ Driver Assistance feat
Slide 22: Over-the-air software updates keep us flexible
VISION I STRATEGY I FINANCIALS OVER-THE-AIR (OTA) SOFTWARE UPDATE KEEPS US FLEXIBLE. CUSTOMERS CHOICE, FUNCTIONALITY, SECURITY & QUALITY. FULL UPGRADEABILITY AS ESSENTIAL ENABLER TO KEEP THE WHOLE FLEET UP-TO-DATE AND SECURE. LARGEST OTA1) FLEET ALL FUNCTIONAL DOMAINS ALL POWERTRAINS ALWAYS FRESH (o
Slide 23: Superbrains: new digital nervous system
VISION I STRATEGY I FINANCIALS BMW IS THE FIRST OEM LAUNCHING A COMPLETELY NEWLY DEVELOPED DIGITAL NERVOUS SYSTEM ACROSS ALL DRIVETRAINS. REVOLUTIONISING THE SDV1. 4 HEART OF JOY SUPERBRAIN OF THE PANORAMIC iDRIVE SUPERBRAINS OF THE NEUE KLASSE. Four high-performance computers, also called “Superbra
Slide 24: Zonal architecture as scalable basis for the SDV
VISION I STRATEGY I FINANCIALS BY INTRODUCING A ZONAL ARCHITECTURE FEATURING INTELLIGENT, DIGITISED ENERGY MANAGEMENT, BMW CREATED A SCALABLE BASIS FOR THE SDV1. Future-proof basis for the growing number and complexity of digital functions in the SDV, including growing AI capabilities over time, whi
Slide 25: New BMW Operating System X
VISION I STRATEGY I FINANCIALS THE NEW BMW OPERATING SYSTEM X OFFERS INTUITIVE OPERATION, EMOTIONALLY ENGAGING EXPERIENCES AND SPECIFIC PERSONALIZATION. Intelligent Fit for the future Versatile We are continuously improving our infotainment HMI1 - no matter whether compact, middle or upper class seg
Slide 26: Evolutionary, scalable software platforms
VISION I STRATEGY I FINANCIALS SOFTWARE IS IN THE CENTER OF BMW: EVOLUTIONARY, SCALABLE PLATFORMS ARE ESSENTIAL TO ENABLE SOFTWARE CONTINUITY AND RE-USE. NEUE KLASSE. Launch of NEUE KLASSE with BMW iX3 GEN 5 COMPLEXITY GEN 4 GEN 3 PARTIAL REUSE TIME IN YEARS 2025 2026 2027 Continuity & reuse of Evol
Slide 27: Pick-the-best approach: make and partner
BMW GROUP MASTERS THE TECH STACK AND FOLLOWS A PICK-THE-BEST APPROACH. ‘MAKE’ AND INTEGRATION CAPABILITIES ARE KEY. GLOBAL ARCHITECTURE APPLICATIONS SOLUTIONS IVI ADAS DRIVE BODY UI/UX eRoutes Smart Access MAKE MyWay Driving Dynamics and more … SHARED SERVICE LAYER PARTNERING Data Management, AI Pla
Slide 28: Mastering SW integration and service layer
BY MASTERING THE SW INTEGRATION AND SW SERVICE LAYER BMW IS ABLE TO OFFER MARKET-SPECIFIC SOLUTIONS. GLOBAL ARCHITECTURE APPLICATIONS SOLUTIONS IVI ADAS DRIVE BODY UI/UX eRoutes Smart Access MAKE MyWay Driving Dynamics and more … SHARED SERVICE LAYER PARTNERING Data Management, AI Platform, Remote S
Slide 29: BMW operating systems technology packages
VISION I STRATEGY I FINANCIALS OUR BMW OPERATING SYSTEMS ARE THE MOST POWERFUL, COMPREHENSIVE TECHNOLOGY PACKAGES EVER DEVELOPED BY BMW. BMW’s zonal architecture BMW iDrive addresses the allows to be more SW defined top needs of our and less HW constrained, customers: improving system Modern interio
Slide 30: New BMW Panoramic iDrive
VISION I STRATEGY I FINANCIALS NEW BMW PANORAMIC iDRIVE REVOLUTIONISES VEHICLE OPERATION. VISIONARY TECHNOLOGY PACKAGE FOR THE NEUE KLASSE. BMW 3D Head-Up Display BMW Panoramic Vision Central Display A re-interpretation of BMW’s customary “hands on the wheel, eyes on the road” approach. Being introd
Slide 31: L2+ and L3 driving features
VISION I STRATEGY I FINANCIALS PINNACLE L2+ AND L3 DRIVING FEATURES REDUCE THE COMPLEXITY OF DRIVING IN REPETITIVE AND EXHAUSTING SITUATIONS. Level 2+ Highway Assistant1 We are the first automaker to be approved for hands-free driving up to 130 kph improving driver comfort on long-distance drives. I
Slide 32: Neue Klasse automated driving experience
BMW NEUE KLASSE WILL OFFER A UNIQUE AUTOMATED DRIVING EXPERIENCE. TRENDSETTER WITHOUT FOLLOWING A TREND. SMART SYMBIOTIC SAFE Best of two worlds Seamless assistance Pioneering ADAS cutting-edge AI-algorithms for keep driver intuitively engaged innovation for 20+ years perception and planning. when n
Slide 33: Strategic cooperations for next generation ADAS
SMART – STRATEGIC COOPERATIONS FOR THE NEXT GENERATION ADAS. • Combining 20+ years of pioneering safety with locally trained driving knowledge and • Joint development of Gen25 ADAS enhancing geopolitical resilience. platform for BMW Neue Klasse. • Navigation Guided Assist for seamless L2+ • Focus on
Slide 34: Largest connected fleet in the world
VISION I STRATEGY I FINANCIALS OUR CONNECTED FLEET IS THE LARGEST IN THE WORLD AND REACHES 23+ MILLION VEHICLES IN 95 COUNTRIES, SENDING 12 BN REQUESTS EVERY DAY. Data protection Established Superior We focus on improved customer experience and scalable cloud Our strategic partnership technologies w
Slide 35: BMW and MINI app users
VISION I STRATEGY I FINANCIALS OUR BMW AND MINI APP ARE AVAILABLE IN >80 MARKETS AND HAVE ALREADY MORE THAN 14 MILLION ACTIVE USERS. Clever features, practical services, and helpful tips used by 3.6 million active customers per day. The My BMW & MINI App… … is the ultimate indispensable vehicle comp
Slide 36: Customer experience and sales model transformation
VISION I STRATEGY I FINANCIALS OUR CUSTOMER EXPERIENCE IS BEST-IN-CLASS AND WE WILL TRANSFORM OUR SALES MODEL WHILE LEVERAGING OUR STRONG DEALER NETWORK. Phygital Online Offline C We enrich the premium customer experience through direct customer access. At the same time we improve price realization
Slide 37: Worldwide charging infrastructure strategy
VISION I STRATEGY I FINANCIALS OUR WORLDWIDE CHARGING INFRASTRUCTURE STRATEGY LEVERAGES MULTIPLE SOLUTIONS TO DELIVER REACH AND PERFORMANCE IN THE CHARGING NETWORK. Europe. 24 countries. >4.700 charging points at >720 locations. Our network has the right type of charger ready for our customers. We a
Slide 38: DevOps hubs in automotive software network
VISION I STRATEGY I FINANCIALS DEVOPS HUBS PLAY PIVOTAL ROLE IN OUR AUTOMOTIVE SW DEV NETWORK. SW hubs set up as JVs with local partners designed to enable speed, productivity, and SW tech culture. And to leverage the best talent. Cluj-Napoca Munich, Ulm Lisbon, Porto, Braga Shanghai, Beijing Greenv
Slide 39: BMW iFACTORY – Digital
VISION I STRATEGY I FINANCIALS BMW iFACTORY – DIGITAL. EXAMPLES AT A GLANCE. All vehicle plants » Catena-X – The collaborative data ecosystem. Rolled out 3D scanned » Virtual factory planning. » 3D human simulation. » Virtual training. Application: Large areas » AIQX – New standard for quality testi
Slide 40: Partnering with tech players on digitalization
VISION I STRATEGY I FINANCIALS WE PARTNER WITH LEADING TECH PLAYERS, CONSTANTLY DRIVING END-TO-END DIGITALIZATION BASED ON LEAN PROCESSES AND SCALABLE SOLUTIONS. Virtualization: A collaborative revolution Humanoid robots: making planning processes Agreement with Figure more efficient and modellable
Slide 41: Employee skills and attractive environment
VISION I STRATEGY I FINANCIALS OUR EMPLOYEE’S SKILLS ARE THE BASIS TO MASTER THE PROGRESS. WE ARE COMMITTED TO ENSURE AN ATTRACTIVE ENVIRONMENT FOR THEM. Encouraging development of employees potentials through yearly reviews on an individual level for 81% of all employees worldwide in 2024. Training
Slide 42: Excellent software engineers
VISION I STRATEGY I FINANCIALS WE HAVE EXCELLENT SOFTWARE ENGINEERS WITH A DEEP UNDERSTANDING OF MOBILITY AND THE NECESSARY MEANS TO IMPLEMENT CHANGE. Global State-of- the-art Demand-driven We have developed software in-house at BMW for over 20 years and complement this with joint ventures to furthe
Slide 43: Commitment to the Paris Agreement
VISION I STRATEGY I FINANCIALS WE ARE COMMITTED TO THE PARIS AGREEMENT. THIS COMMITMENT IS AN INTEGRAL PART OF OUR HOLISTIC SUSTAINABILITY APPROACH. STRATEGY. BRANDS & ELECTRIFICATION TECHNOLOGY SUSTAINABILITY The BMW Group is committed to the Paris Climate Agreement and to being net zero by 2050 at
Slide 44: Strategic sustainability goals
VISION I STRATEGY I FINANCIALS STRATEGIC SUSTAINABILITY GOALS: CENTRAL DRIVERS OF A RESILIENT STRATEGY. OUR INTEGRATED REPORT OFFERS BROAD TRANSPARENCY. ENVIRONMENTAL AND CO2 REDUCTION SOCIAL STANDARDS CIRCULAR ECONOMY RESPECT FOR HUMAN RIGHTS SAVING RESOURCES BMW Group Investor Relations | January
Slide 45: Circular economy to reduce CO2 emissions
VISION I STRATEGY I FINANCIALS WE FOCUS ON CIRCULAR ECONOMY TO REDUCE CO2 EMISSIONS WITH CLOSED-LOOPED CYCLES AND CROSS-INDUSTRY APPROACHES. RE:THINK - We keep circularity in mind during all our deliberations. RE:DUCE - Using less to achieve more, wherever and however we can. RE:USE - Extending the
Slide 46: Resource efficiency in production network
VISION I STRATEGY I FINANCIALS RESOURCE EFFICIENCY IN BMW GROUP'S PRODUCTION NETWORK. ADAPTED TO LOCAL CONDITIONS, WE SELECT THE BEST SUPPLY FOR OUR PLANT LOCATIONS. SANLUISPOTOSÍ LEIPZIG SHENYANG Use of geothermal energy being Partial contribution to electricity supply Partial supply of BMW product
Slide 47: Social sustainability: just transition approach
VISION I STRATEGY I FINANCIALS SOCIAL SUSTAINABILITY: FOLLOWING THE JUST TRANSITION APPROACH. EMPLOYEES PARTNERS SOCIETY We take responsibility for our We recognize our responsibility for We make a substantial contribution to employees. environmental and social standards society and act with credibi
Slide 48: Strong balance sheet, credit ratings and stakeholder returns
VISION I STRATEGY I FINANCIALS THE BMW GROUP OFFERS A STRONG BALANCE SHEET, INDUSTRY-LEADING CREDIT RATINGS AND ATTRACTIVE STAKEHOLDER RETURNS. Strategic Group EBT margin of > 10%. Strategic Auto EBIT margin corridor of 8 –10% and strategic Auto FCF of > € 7 bn. Consistently reliable dividend payout
Slide 49: Vehicle deliveries grew in 2025
VISION I STRATEGY I FINANCIALS WITH OVER 2.46 MILLION UNITS DELIVERED, THE BMW GROUP VEHICLES SALES GREW IN 2025. BMW Group total vehicle deliveries [in k units]. 2,522 2,554 2,464 2,400 2,451 2,325 The BMW brand managed to increase deliveries in all sales regions outside of China. 2020 2021 2022 20
Slide 50: Growth in fully-electric vehicles
VISION I STRATEGY I FINANCIALS THE BMW GROUP SAW A SIGNIFICANT GROWTH OF +28.2% IN FULLY-ELECTRIC VEHICLES, RESULTING IN A BEV SHARE OF 18%. BMW/MINI total deliveries of BEVs [in k units]. +3.5% +13.5% +74.1% 427 442 376 +107.9% +133.7% 216 104 45 2020 2021 2022 2023 2024 2025 BMW Group Investor Rel
Slide 51: Globally balanced footprint across >140 markets
VISION I STRATEGY I FINANCIALS OUR GLOBALLY BALANCED FOOTPRINT ALLOWED US TO REACT FLEXIBLY TO DEVELOPMENTS ACROSS >140 MARKETS. FY-2025. EUROPE MAINLAND CHINA 1,016 626 41% 25% vs. FY-2024: +7.3% vs. FY-2024: -12.5% AMERICAS REST OF WORLD 508 314 21% 13% vs. FY-2024: +5.7% vs. FY-2024: +1.8% Rest o
Slide 52: Resilient EBIT and EBIT margin in Automotive segment
VISION I STRATEGY I FINANCIALS WE DELIVER RESILIENT EBIT & EBIT MARGIN IN THE AUTOMOTIVE SEGMENT IN A COMPETITIVE AND GLOBALLY VOLATILE BUSINESS ENVIRONMENT. EBIT automotive segment [in m€] I EBIT margin [in %]. 1 2 10.3% 2 10.8% 11.2% 9.8% 8.6% 12,981 2 7.4% 2 7.0% 10,635 6.3% 9,870 5.9% 7,893 5,12
Slide 53: BMW Motorrad segment earnings
VISION I STRATEGY I FINANCIALS BMW MOTORRAD SEGMENT WITH SOLID EARNINGS ACHIEVED FOR THE FULL YEAR 2024. Retail sales volume [in ’000 units]. EBIT [in m€] I EBIT margin [in %]. 10.8% 8.3% 8.1% 8.1% +71% 6.1% 209 210 4.5% 272 203 203 257 259 194 227 198 169 103 2020 2021 2022 2023 2024 YTD 09- 2025 O
Slide 54: Financial Services contribution and retail contracts
IMPACT I STRATEGY I FINANCIALS BMW GROUP FINANCIAL SERVICES CONTRIBUTES SIGNIFICANTLY TO THE BMW GROUP PROFIT, SERVICING ~4.9 MILLION RETAIL CONTRACTS IN >30 COUNTRIES. Dealer Finance 9% 18% Serviced Retail CHINA EU BANK € 21.3 bn Contracts 11% APAC 4.9 m contracts W/O CHINA MIDDLE EAST AFRICA 25% 3
Slide 55: Financial Services earnings and credit loss ratio
VISION I STRATEGY I FINANCIALS FINANCIAL SERVICES’ EARNINGS REMAIN HIGH WHILE CREDIT LOSS RATIO CONTINUES TO REMAIN AT A RELATIVELY LOW LEVEL. Credit loss ratio [in %]. EBT Financial Services [in m€] I Return on Equity [in %]. 22.6% 17.9% 17.2% 15.1% 11.2% 3,753 (vs. YTD 09-24: 3,205 -14.4%) 2,962 1
Slide 56: Diversified funding mix
VISION I STRATEGY I FINANCIALS OUR FUNDING MIX WITH A COMBINATION OF INDUSTRY AND BANK-TYPICAL FINANCING INSTRUMENTS IS WELL DIVERSIFIED. Financial liabilities as of 12/24 [in € bn]. Our approach: Continuing to target a Other Lease Liabilities Derivative varied debt structure. 3.3 Instruments 5.2 0.
Slide 57: Treasury organization with 24 hour global market access
IMPACT I STRATEGY I FINANCIALS OUR BMW GROUP TREASURY ORGANIZATION ENSURES 24 HOUR GLOBAL MARKET ACCESS AND COVERAGE. € 50 bn EMTN Program Stand Alone Bonds € 5 bn & € 2 bn French CP Program Panda Bonds Asset Backed Securities Asset Backed Securities Asset Backed Securities BMW Bank Group of Institu
Slide 58: Group EBT and EBT margin
VISION I STRATEGY I FINANCIALS EARNINGS IN 2024 WITHIN ADJUSTED GUIDANCE. 2022 EARNINGS BOLSTERED BY THE CONSOLIDATION OF OUR CHINESE JOINT VENTURE. BMW Group EBT [in m€] I EBT margin [in %]. 1 23,509 16.5% 14.4% 11.0% - - 7.7% 8.1% 5.3% - 17,096 8,056 16,060 15,860 10,971 - Outlook 2025 5,22 Slight
Slide 59: Capex reached peak levels in 2024
VISION I STRATEGY I FINANCIALS CAPEX REACHED PEAK LEVELS IN 2024 - OUR PRODUCTION NETWORK IS PREPARED FOR FURTHER ELECTRIFICATION AND NEUE KLASSE. BMW Group capital expenditure [in m€] I Capex ratio [in %]. 6.4% 5.7% Capex to decrease 5.5% meaningfully in 2025 9,056 4.5% 8,836 4.4% from peak level i
Slide 60: R&D expenditure peaked in 2024
VISION I STRATEGY I FINANCIALS OUR R&D EXPENDITURE PEAKED IN 2024, IN LINE WITH THE PRIORITY ON FUTURE TECHNOLOGIES TO DRIVE INNOVATION IN THE INDUSTRY. R&D expenditure [in m€, HGB] I R&D ratio [in %]. R&D expenditure to 6.3% 6.2% 6.4% decrease meaningfully in 6.0% 2025 from peak level in 5.0% 5.0%
Slide 61: Automotive free cash flow above target
VISION I STRATEGY I FINANCIALS IN SPITE OF PEAK INVESTMENTS IN CAPEX AND R&D, AUTOMOTIVE FCF CAME IN ABOVE THE TARGET ASPIRATION OF > € 4 BN. Free cash flow automotive segment [in m€]. 11,071 ~5,000 BBA Full Consolidation Effect 6,942 6,354 6,071 4,852 2,688 3,395 Expectation 2025 FCF >€ 2.5 bn. 202
Slide 62: Consistently reliable dividend payouts
VISION I STRATEGY I FINANCIALS OUR SOLID OPERATING BUSINESS PERFORMANCE AND STRONG BALANCE SHEET ENABLES CONSISTENTLY RELIABLE DIVIDEND PAYOUTS TO OUR SHAREHOLDERS. Total dividend payout to BMW AG shareholders [in m€]. Payout ratio1 [in %]. 36.7% 33.7% 32.7% 32.9% 33.3% 32.0% 32.8% 32.5% 30.2% 30.7%
Slide 63: Share buyback activities
IMPACT I STRATEGY I FINANCIALS BMW ENHANCED SHAREHOLDER RETURNS BY ADDITIONALLY INTRODUCING THE ONGOING SHARE BUYBACK ACTIVITIES. Approved AGM authorization in May 2022. Authorisation of up to 10% of share capital by May 2027. Share Buyback Activities since May 2022. Since July 2022, a total of arou
Slide 64: Guidance 2025
VISION I STRATEGY I FINANCIALS GUIDANCE 2025: FOCUS ON LONG-TERM VIEW AS WELL AS OPERATIONAL EXCELLENCE. BMW Group Segment Segment Segment Automotive Motorcycle Financial Services Profit before tax: Deliveries: Deliveries: Return on Equity: Slight decrease. Slight increase. Slight decrease. 13-16%.
Slide 65: Neue Klasse: Our Next Level Mobility
NEUE KLASSE: OUR NEXT LEVEL MOBILITY. BMW Group Investor Relations | January 2026 - 65 -
Slide 66: Investor Relations team contacts
OUR INVESTOR RELATIONS TEAM IS HAPPY TO ASSIST WITH FURTHER INFORMATION AT ANY TIME. IR Contact Adam Sykes BMW Group Investor Relations Vice President Petuelring 130 | 80788 Munich Investor Relations Email - Kostenlose kommunikation Icons ir@bmwgroup.com http://www.bmwgroup.com/ir I +49-89-382-25387
Slide 67: Financial Calendar 2026
FINANCIAL CALENDAR 2026. 2026 Q1 Q2 Q3 Q4 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 13/05/25 Annual General Meeting 2026 30/07/25 Half-Year Report to 30 June 2026 12/03/26 BMW Group Annual Conference 06/05/26 Quarterly Statement to 31 March 2026 04/11/25 Quarterly Statement to 30 September 20
Slide 68: Links
LINKS. BMW Company Reports Telephone Conferences ESG Overview Corporate Events Annual General Meeting Share Buy-back BMW Group Investor Relations | January 2026 - 68 -
Slide 69: 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
Slide 70: Consumption and Emission Data
CONSUMPTION AND EMISSION DATA. Modell Consumption Data BMW iX3 Electrical consumption combined: 17.9 – 15.1 kWh/100km; CO2 emissions combined: 0 g/km; CO2 Class: A BMW iX xDrive60 Electrical consumption combined: 21.9 kWh/100km; CO2 emissions combined: 0 g/km; CO2 Class: A Mini Aceman JCW Electrical
Slide 71: Consumption and Emission Data
CONSUMPTION AND EMISSION DATA. Modell Consumption Data BMW iX5 Hydrogen Hydrogen consumption weighted combined: 1,2 kg/100km; CO2-emissions combined: 0 g/km; CO2 Class: A MINI Aceman E Electrical consumption combined: 14.6 kWh/100km; CO2 emissions combined: 0 g/km; CO2 Class: A BMW iX1 xDrive30 Elec