Slide 1: BASF and Carlyle reach binding transaction agreement on coatings business
BASF and Carlyle reach binding transaction agreement on coatings business to create a leading standalone company Conference Call, October 10, 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: BASF Coatings: Leading surface solution provider in mobility applications
BASF Coatings: Leading surface solution provider in mobility applications with strong competitive positioning Surface treatment Automotive OEM coatings Automotive refinish coatings Sales 2024: ~€1 billion Sales 2024: ~€2 billion Sales 2024: ~€0.8 billion BASF Coatings holds leading market positions
Slide 4: Transaction highlights
Transaction highlights ▪ Significant step in unlocking the value of BASF’s standalone businesses, as we swiftly execute our “Winning Ways” strategy ▪ Enterprise value of the transaction1 amounts to €7.7 billion ▪ At closing, which – subject to customary regulatory approvals – is expected in Q2 2026:
Slide 5: Partnership with Carlyle will allow BASF to participate in Coatings' future value creation
Partnership with Carlyle will allow BASF to participate in Coatings’ future value creation Ownership structure post closing ▪ Significant future value creation 1 potential by accelerating growth and unlocking the full potential of the business in a standalone entity 60% share 40% share ▪ BASF will p
Slide 6: Coatings transactions constitute major milestone in executing Winning Ways strategy
Coatings transactions constitute major milestone in swiftly executing BASF’s Winning Ways strategy EV/EBITDA multiple before special items ▪ BASF Coatings and decorative paints transactions3 value BASF’s entire Coatings division at an enterprise value of €8.7 billion ~7x1 ▪ Implied 2024 EV/EBITDA mu
Slide 7: BASF - We create chemistry
O- BASF We create chemistry