Bayerische Motoren Werke Ag · XETR:BMW
Bayerische Motoren Werke — BMW Group — Investor Presentation (October 2022)
70 slides from Bayerische Motoren Werke's investor presentation, October 2022
Slide 1: Investor Presentation October 2022
ScINVESTOR’PRESENTATION ~ OCTOBER 2022 y Investor Relations
Slide 2: Why invest in BMW?
WHY INVEST IN BMW? FIRST-CLASS INDIVIDUAL MOBILITY - We play a pioneering role in setting standards for the individual premium mobility of tomorrow. It combines pleasure and responsibility without compromise. SUSTAINABILITY - The BMW Group is a holistically sustainable company taking responsibility
Slide 3: Why invest in BMW?
WHY INVEST IN BMW? @& QF RO.sforce FIRST-CLASS INDIVIDUAL MOBILITY - We play a pioneering role in setting standards for the i It combines pleasure and responsibility without compromise. @ SUSTAINABILITY - The BMW Group is a holistically sustainable company taking r Every investment in BMW is a susta
Slide 4: BMW Group Strategy
BMW GROUP STRATEGY. THE BMW GROUP STANDS FOR FIRST CLASS INDIVIDUAL MOBILARYSAND CONTRIBUTES TO THE SUSTAINABLE DEVELOPMENT OF OUR RIAINET: WHAT FOR? POSITION. f HERE® |) STRATEGIC ARPROACH. We stand for first class individual mobility and contribute to the sustainable development of our planet. We
Slide 5: Ensure long-term success: BMW Group strategic objectives
ENSURE LONG-TERM SUCCESS. BMW GROUP STRATEGIC OBJECTIVES. >10% 30% Group EBT margin Minimum share of electrified cars in total deliveries = = the use phase of the 8 Ze 10% 22% ference year 2019) Percentage of women in management positions 7 Auto EBIT margin in the BMW Group >1 8% r the supply chain
Slide 6: Why invest in BMW?
WHY INVEST IN BMW? @) Row FIRST-CLASS INDIVIDUAL MOBILITY - We play a pioneering role in setting standards fi tomorrow. It combines pleasure and responsibility without compromise. SUSTAINABILITY - The BMW Group is a holistically sustainable company taking responsibi Every investment in BMW is asusta
Slide 7: Sustainability is core to everything we do
SUSTAINABILITY IS C HING WE DO. BMW HAS PURSUED AMBITIOUS SUSTAINABILITY GOALS FOR Y SUSTAINABILITY. SELECTED MILESTONES. 1973 2001 2009 2012 2020 2021 2050 Firstenvironmental —_1*Sustainable Sustainability is a We set ten WesetambitiousCO, 1** Integrated Climate-neutral managerin the Value Report c
Slide 8: CO2 reduction by at least 40% per vehicle by 2030
SUBSTANTIAL CO, REDUCTION BY AT LEAST 40% PER VEHICLE ACROSS THE ENTIRE VALUECHAIN UP TO 2030. 2030 2030 2030 0, At least =-20 Yo -80% At teast=50% CO; per vehicle vs. 2019 CO, per vehicle vs. 2019. CO, per vehicle vs. 2019. Avoidance increase in CO, emissions 2020 Further electrification of the veh
Slide 9: CO2 EU fleet target 2021 based on WLTP
CO, EU FLEET TARGET 2021 BASED ON WLTP. THE BMW GROUP HAS CLEARLY ACHIEVED THE CO, FLEET T, BMW, MINI, Rolls Royce, BMW M Target Reconciliation NEDC to WLTP Target Achievement 135* > WLTP uM M 7 126** 116*** NEDC Actuals 2020 excluding BMW Group Actuals 2021 Regulatory Factors Fleet Target 2021 WLTP
Slide 10: Sustainability in battery cells: complete value chain and life cycle
SUSTAINABILITY IN BATTERY CEELS: THE COMPLETE VALUE CHAIN AND LIFE CYCLE HAS TO BE CONSIDERED. al ae e Cobalt and lithium from certified mines in Australia and Morocco. - l Usage ofsecondary material. @ Production of battery cells with 100% power from renewable sources. Taking back batteries worldwi
Slide 11: Why invest in BMW?
WHY INVEST IN BMW? en INNOVATION & FLEXIBILITY - The BMW Group is an innovation pioneer in the automoti ie on constant transformation and flexibility - successful for over 100 years. = ELECTRIFICATION - Due to our flexibility and permanently transformed plants, we offer covering 90% of our current m
Slide 12: Our three phases of transformation
OUR THREE PHASES OF TRANSFORMATION. gtd } FROM 2025 Pioneering Electrification across our Neue Klasse: High BEV volume e-mobility. entire portfolio. and the next level of digitalization. BMW Group Investor Presentation | October 2022
Slide 13: Our clear e-mobility roadmap
BY 2023 90% OF UR SEGMENTS ARE COVERED BY AT LEAST OUR CLEAR E-MOBILITY ROADMAP. PHASE | PHASE II Pioneering e-mobility Electrification across our segments Nn. MINI Countryman BEV* PY, 4 BMWi3 \ an NW ck” —— —_— MINI Electric oO v — 4 an BMWiX3 Si 7 vw BMWi8 : (PHEV) BMWid e e ° I 2019 2020 IW 3 Ser
Slide 14: Million BEVs on the road within the next ten years
10 MILLION BEVS ON . HEROAD WITHIN THE NEXT TEN YEARS. EADING PROVIDER OF BATTERY-ELECTRIC VEHICLES. PHASE | PHASE II PHASE III Until 2025 2025 - 2030 @ +50% BEV SALES p.a. @ +20% BEV SALES p.a. a 2 MILLION BEVs delivered to customers by the end of 2025 2030 BEVs will account for 2023 BEVs available
Slide 15: Global BEV volume
L BEV VOLUME EV VOLUME. ais 7, E-MOBILITY RAMPUP FURTHER ACCELERATES YTD 09/2022. GL TO AT LEAST DOUBLE IN FY 2022, DRIVING SIGNIFICANT GROW GLOBAL SALES YTD 09/2022. 22% xEV INCREASE OVER PREVIOUS YEAR. 16% ELECTRIFIED. “* BUROPEAN SALES YTD 09/2022. 17% xEV INCREASE OVER PREVIOUS YEAR. GLOBAL SALE
Slide 16: The first ever BMW i4
THE FIRST EVER BMW i4. BMW i4 BMW i4 M50 STH GENERATION ; is ee M performance car. BMW eDRIVE — 0to 100 km/h in 3.9 seconds. WITHOUT ANY RARE OR arr — Upto m range b EARTHS. — 250 kw/340 hp. — Oto 100 km/h in 5.7 seconds. BUILT IN MUNICH. BMW Group Investor,Presentation | October 2022 -16-
Slide 17: BMW iX - technology flagship for sustainable mobility
BMW iX - TECHNOLOGY FLAGSHIP FOR SUSTAINABLE MOBILITY. . BMW iX xDrive50 B MW iX — Up to 620 km range (WLTP). — 385 kw/523 hp. 5TH GENERATION ° — Oto 100 km/h in 4.6 seconds. BMW eDRIVE BMW iX xDrive40 — Upto 425 km range (WLTP). ae Si 3 — Oto 100 km/h in 6.1 seconds. ELECTRIC ALL-WHEEL DRIVE Beebe
Slide 18: BMW i7 - leading the luxury segment into a new era
BMW i7 - LEADING THE LUXURY SEGMENT INTO A NEW ERA. | GLOBAL MARKET LAUNCH STARTING IN NOVEMBER 2022. BMW 17 5TH GENERATION BMW 7 xDrive60 BMW eDRIVE — Upto 625 km range (WLTP). — 400 kw/544 hp. GREEN ENERGY IN — Oto 100 km/h in 4.7 seconds. — Electric all-wheel drive. PRODUCTION. — Consumption: 19.
Slide 19: BMW iX1 - making e-mobility accessible
BMW iX1 - MAKING E-MOBILITY ACCESSIBLE TO A VERY WIDE T. MARKET LAUNCH IN OCTOBER 2022. BMW ix1 5TH GENERATION BMW iX1 xDrive30 BMW eDRIVE — Up to 438 km range (WLTP). — 230 kw/313 hp. — Oto 100 km/h in 5.7 seconds. THE FIRST FULLY — Electric all-wheel drive. ELECTRIC BMW ixX1. — Consumption: 18.4 -
Slide 20: Neue Klasse 2025
NEUE KLASSE 2025. ELECTRIC. Uncompromisingly designed and optimized for electric drivetrains - BEV-only. Aim to match range and contribution margin of state-of-the-art combustion engines with comparable performance. CIRCULAR. Proportion of secondary materials will be sharply increased. Ve (_@D Focus
Slide 21: Our strategic decision: cylindrical cell for 6th generation
OUR STRATEGIC DECISION: CYLINDRICAL CELL FOR OUR 6" GENERATION. -30% Ed Advantages Charging > Integration Time (10%-80% SOC) > Energy > Safety 9g > Sustainability +30% 3 Cost (on pack level)
Slide 22: Strategic partnerships and local for local battery cell factories
STRATEGIC PARTNERSHIPS AND “LOCAL FOR LOCAL”: BATTERY CELL FACTORIES WITH UP TO 20 GWh/A IN KEY MARK& ==. Gen6 (in stages from 2025) Battery cell factories in key markets, close to BMW Group ==. Gens production sites. BMW Group Investor,Presentation | October 2022 -22-
Slide 23: All of our brands are becoming electric
ALL OF OUR BRANDS ARE BECOMING ELECTRIC. Urban concepts from BMW Motorrad that are only all-electric. MINI and Rolls-Royce electric only from early 2030. BMW Group Investor Presentation | October 2022
Slide 24: Battery cell is key to success of BMW
BATTERY CELL IS KEY C( ESS OF BMW. BATTERY KPI DETERMINE VEHICLE CHARACTERISTICS CA 4 0 % 1 OF TOTAL VEHICLE RANGE CHARGE TIME DRIVING POWER COST COST IS COST FOR THE ZA. BATTERY PACK (E.G. 14). Energy Density 4 ee. Lifetime — Co Power Density (Ch/DCh) Safety MODUL- & BATTERY CELL COST —.+§§ SYSTEM
Slide 25: Battery technology
BATTERY TECHNOL : TRANSITION FROM Energy Density performance/range maximization towards PORTFOLIO ORIENTED (performance vs. low cost). Performance Step 1: Si-Oxide/Graphite Step 2: High SI anode e.g., Si-C compound De we Cost Down oe Step 2: CO free, low Ni, e.g,. Lithium- Sal Step 1: Co free Mangan
Slide 26: Transformation in full swing
TRANSFORMATION Spartanburg High-voltage battery assembly Oxford MINI BEV Regensburg BMW X1 BEV — Battery cell coating — High-voltage battery assembly Landshut — E-machine — Housing e-machine (casting) Munich Pilot Plant E-Drive BMW i4 Battery Cell Competence Center * All electric BMW 3 Series Sedan
Slide 27: BMW Charging: most comprehensive offering
BMW CHARGING IS THE MOSTCOMPREHENSIVE OFFERING OF ITS KIND N THE MARKET FOR CHARGING AT HOME AND ON THE GO. HOME WORKPLACE PUBLIC CHARGING CHARGING CHARGING | ; E~ K — Flexible Fast Charger Charging portfolio for fleets: — Public Charging cable (EU) ex factory — High Power Charging (HPC) — Choose an
Slide 28: Partnerships
IN coo & PARTNERSHIPS to prepare itself for future THE BMW GROUP USES — a a ae cm “SolidPower umicore Qualcomm 7/\rriver .@) @ northvolt IONITY Ansys sre-igyns Cel. ae UDOT Tencent ii ‘ok mean PRARCAMANCE COMPANY @on ~ ™ i ech ENCORY CATL OZINGO eg Oriente « BA BATechWorks Psnmsung AND- *APTIV: aws
Slide 29: Why invest in BMW?
WHY INVEST IN BMW? @) Row “Best automotive credit rating in Europe, FIRST-CLASS INDIVIDUAL MOBILITY - We play a pioneering role in setting standards fi tomorrow. It combines pleasure and responsibility without compromise. SUSTAINABILITY - The BMW Group is a holistically sustainable company taking Ev
Slide 30: Digital everywhere
“DIGITAL EVERYWHERE 10,000 COLLEAGUES IN A GLOBAL SOFTWARE AND IT DEVEL Mountain View : Munich Beijing Lisbon Ulm Shenyang Porto . pay % Greenville Shanghai Ae \ Delhi Johannesburg / Florianopolis! The BMW Group integrates SOFTWARE DEVELOP direct with several locations.
Slide 31: Digitalization addresses the overall company
DIGITALIZATION ADDRESSES THE OVERALL COMPANY. CONSIST DIGITALIZATION TO EXPLOIT POTENTIALS IN ALL BUSINESS SE Business Processes Products Customer Interaction. ’ Smart logistics ’ Unique BMW iDrive based on OS 8 ; ‘al customer experience Innovative automation ral ri ’ 6. ces BENGE ETE ’ Seamless and
Slide 32: Approaches to digitalization
APPROACHES TO DIGITALIZATION. ENABLERS FOR BMW i FACTORY. DATA SCIENCE. ARTIFICIAL INTELLIGENCE. VIRTUALISATION. Potential for automation in logistics Validation spanning End-to-end data from component to customer. and quality processes. Research&Development/Purchase/Production. . A . Group-wide pla
Slide 33: Driving and parking assistance systems
STATE-OF-THE-ART DRIVING ANB PARKING ASSISTANCE SYSTEMS PROVIDE OUR CUSTOMERS WITH THEBEST DRIVING EXPERIENCE. MORE THAN 40 FEATURES. “fl ) ;” oe [A = in Jin : is i w wwe N Ya : an — @ 130. ACTIVE SAFETY PARKING SYSTEMS FOR SYSTEMS. SYSTEMS. MORE COMFORT. BMW Group Investor Presentation | October 20
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Slide 35: Regular over-the-air updates (OTA)
REGULAR OVER-THE-AIR UPDATES (OTA). BMW HAS THE WORLD'S LARGEST FLEET. WORLD'S LARGEST UPGRADABLE FLEET — Upgradable fleet of 2.6m cars 50 FEATURE UPGRADES (performed in the past 3 years) — For all functional domains NEW FUNCTIONS, e.g., a — Infotainment/ driving assistant/ security/ powertrain/ pri
Slide 36: BMW Operating System technology stack
BMW OPERATING SYSTEM 8 IS THE MOST POWERFUL AND EXTENSIVE TECHNOLOGY STACK EVER CREATED BY BMW. Always up to date: Remote Software Upgrade More apps, greater diversity: optimized third-party integration Over-the-air retrofitting: ConnectedDrive Upgrades Regionalization: market specific offer be ae F
Slide 37: The all-new iDrive
THE ALL-NEW iDRIVE - READY FOR THE FUTURE. INDIVIDUAL, INTUITIVE, INTELLIGENT, PROACTIVE, HIGH-RESOL aN v . PIXEL PERFECT DESIGN e ae NKS ge @ 4 & ae NY NS q > $ e < + ‘ © Nd y a VAN PERSONAL AND NATURAL THE ALL-NEW BMW iDRIVE. The easiest and most joyful user interaction ever built by BMW. Powered
Slide 38: Why invest in BMW?
WHY INVEST IN BMW? @ Rest FIRST-CLASS INDIVIDUAL MOBILITY - We play a pioneering role in setting standards fi 7 tomorrow. It combines pleasure and responsibility without compromise. @ SUSTAINABILITY - The BMW Group is a holistically sustainable company taking Every investment in BMW is a sustainable
Slide 39: Deliveries FY2021
BMW, MINI, ROLLS-ROYCE AND BMW MOTORRAD DELIVERIES* F¥2021. BMW BRAND, ROLLS-ROYCE AND MOTORRAD REPORTS ALL-TIM SALES HIGH. fi. = | Vem LN e \ - \ © — \ g “é ) SS y { " x ~ = 2,213,790 194,261 302,138 +9.1% +14.8% +3.3% Cris OF R + Reta vehicle delivery data for 2020 and 2021 are nat dfeetivcomporab
Slide 40: Deliveries YTD 09/2022
BMW, MINI, ROLLS-ROYCE AND BMW MOTORRAD DELIVERIES YT/B309/2022. HIGHLY VOLATILE ENVIRONMENT. i, i= g \ “4 f 1,533,917 159, 333 209,271 -9.9% +1.7% -6.9% BMW MOTORRAD BMW Group Investor, Presentation | October 2022 -40-
Slide 41: BMW Group Automotive deliveries to customers
BMW GROUP AUTOMOT DELIVERIES TO CUST DELIVERIES OF AUTOMOBILES YTD 09/2022 YTD 09/2021 CHANGE IN % Europe 629,818 724,920 -13.1 thereof Germany* 184,476 205,172 -10.1 United Kingdom 113,479 125,552 -9.6 Americas 307,953 329,224 6.5 thereof USA 249,835 265,683 -6.0 Asia 767,801 832,919 78 thereof Chi
Slide 42: Balanced sales footprint
BMW GROUP AUTOMOTIV BALANCED SALES FOO AMERICAS EUROPE MAINLAND CHINA REST OF WORLD* -13.1% 115% -6.5% 44.2% o) 8% a a cm e) ch || 307,953 units 629,818 units 592,873 units 217,245 units *Sales figures including Roll BMW Group Investor Presentation | October
Slide 43: Premium segment share across all manufacturers
PREMIUM SEGMENT: SHARE ACROSS ALL MANUFACTURERS. TC ARKET 2021. 35% 31% 30% = 29% 25% 20% World average: 12.5% 15% 12% 44% wes 9%) 9% CHs—<‘<‘“‘“‘“ (‘(O“‘O‘CO‘#(#®W 10% 5% 0% United Germany China Spain South Italy France USA Canada Russia Australia South Turkey Japan Kingdom Korea Africa
Slide 44: Global production network FY 2021
GLOBAL PRODUCTION NETWORKFY 2021. OFFERING HIGH FLEXIBILITY 15% 18% “Joint venture BMW Brilliance Automotive Ltd., Shenyang | ** Contract production BMW Group Investor Presentation | October 2022 Munich, Germany BMW 3, 4 series, i4, BMW M 151,154 @ Dingolfing, Germany BMW 3, 4,5, 6, 7, 8 series, BMW
Slide 45: Production network in China
mT} High voltage battery assembly 2 vehicle plants asl 2 major extension projects opened in 2022 1 powertrain plant with High-voltage battery centre uy ule prey 4 development sites 460+ 1° tier Suppliers @ e «a 500+ NEV dealers & 600+ sales outlets
Slide 46: Financial Services at a glance
FINANCIAL SERVICES AT A GLANCE. FY 2021. ; ; BUSINESS LINES (PORTFOLIO SIZE) Global Serviced retail - ~ 7 Operations in contracts oy vm ~ ~50 56 py i illion. i: Co) Fa countries. milion | q rs i Ft CONSUMER DEALER 14% 18% FINANCE FINANCE FINANCE EU BANK €110.0 BN € 13/0 BN €66BN \ oe ma APAC W/O CHI
Slide 47: BMW Motorrad
BMW MOTORRAD. ONE BRAND. ONE — WORLDS OF EXPERIENCE. URBAN MOBILITY. BMW Group Investor Presentation | October 2022
Slide 48: Q2 2022 key financials
BMW GROUP. Q2 2022 KEY FINANCIALS. Me neater Re Earnings before tax - Group (in m€) 3,929 5,979 343 EBT margin (in %) - Group 11.3 20.9 -9,6%pts Sales (units}* 563,187 702,441 -19.8 Earnings before interest and tax (EBIT) (in m€) 2,463 3,953 37.7 EBIT margin (in %) 8.2 15.8 -7,.6%pts Sales (units)*
Slide 49: FY 2021 key financials
BMW GROUP. FY 2021 KEY FINANCIALS. Earnings before tax - Group (in m€) 16,060 5,222 2 EBT margin (in %) - Group 14.4 5.3 +9.1% points Payout Ratio (in %) - Group 30.7 32.5 -1,8% points Sales (units}* 2,521,514 2,325,179 48.4 Earnings before interest and tax (EBIT) (in m€) 9,870 2,162 2 EBIT margin (
Slide 50: Automotive segment EBIT margin
AUTOMOTIVE SEGMENT | MARGIN. (in %) Guidance for 2022 7% - 9%. 11.8 Mid-term target 8% - 10%. 2010 2011 2012 = 2013*** = = 2014 2015 2016 = =2017** = 2018 2019 2020 =—.2021* uation of the provision for the ongoing EU antitrust proceedings. | ** Adjusted value for 2017 in accordance
Slide 51: Consistently reliable dividend payouts
CONSISTENTLY RELIABLE DVIDEND PAYOUTS TO OUR SHARE STRATEGIC TARGET PAYOUT RATIO: 30-40%. payout to BMW AG shareholders. [in mE] Payout ratio! {in %] 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Dividend per 2.30 2.50 2.60 3.20 3.50 4.00 3.50 ordinary share? [in €] 4.00 2.50 1.90 5.80 divi
Slide 52: Commitment to R&D expenditure
THE BMW GROUP |S COMMYTTEDTO PLAYING AKEY ROLE IN TOMORROW'S MOBILITY. Ex iture.* The RED ratio is expected within our target corridor of 5% - 5.5% in 2022. RED Ratio.** The capitalization ratio in 2022 is expected to be within a corridor of 35% - 40%. [in mE, HGB] 8000 7000 Long-term target ratio 5
Slide 53: Tight focus on capital expenditure
TIGHT FOCUS ON CAPITAL EXPENDITURE. BMW Grot “ate re.* For 2022 we expect the capex ratio to be at c. 5.5%. Capex Ratio.** [in %] Long-term target ratio <5% 2007 2008 »= 2009S 2010S 2011. Ss 2012, 2013, 2014 = 2015 2016 )=S 2017S 2018 += 2019*** +2020 2021 * Capital Expenditure: a pment and other in
Slide 54: Contribution of Financial Services to BMW Group
SIGNIFICANT CONTRIBUTION OF FINANCIAL SERVICES TO BMW We expect the RoE for 2022 in a corridor of 17 and 20% - Services. above the strategic target of at least 14%. [in mE] Return on ae 22.6 30,0 20.2 non 20.2 cule ‘\ . 18.1 20,0 15,0 10,0 5,0 2014 2015 2016 2017 2018 2020 2021
Slide 55: Development of credit loss ratio
BMW GROUP FINANCIAL SERVICES DEVELOPMENT OF CREDIT LOSS RATIO. loss ratio.* [in %] 0.59 0.46 0.49 0.48 0,46 950 2007. «2008 §=©2009 «2010 §=2011 «92012 =92013, 2014) 2015 2016 =2017. 2018 2019 2020 2021 folio. Credit losses: ll write offs, meaning Definition Credit the lost receivable including accu
Slide 56: Free cash flow, automotive segment
FREE CASH FLOW. AUTOMOTIVE SEGMENT. (Automotive).* [in mE] The free cash flow is expected to reach at least 10 billion euros in FY 2022. Mid-term target >7 billion euros. 2007 2008 2009** 2010 2011** 2012 2013** 2014 2015 2016 2017 2018 2019 2020 2021 erating activities of the Automobiles segment le
Slide 57: Performance programme contributes to earnings and free cash flow
THE PERFORMANCE PROGRAMME CONTRIBUTES SUBSTANTIA TO OUR EARNINGS AND FREE CASHFLOW. IMPROVE SALES PERFORMANCE. Introduction of Direct Sales in Europe by way of an agency model. Steering of sales activities even more granular and in real time - at the level of sales channel, markets and models. Re-al
Slide 58: Share buyback activities
SHARE BUYBACK ACTIVIT STRINGENT CAPITAL Authorization: BMW AG obtained approval at the AGM in May 2022 for a share buyback resolution via the stock exchange to improve its shareholder structure. It allows the Board of Management to undertake share buybacks of BMW shares up to 10% of share capital ov
Slide 59: BBA joint venture consolidation steps
BBA JOINT VENTUR ION. STEPS TO CONSOLIDATION IN ACCORDANCE WITH IFRS 3. Accounting for acquisition method according to IFRS 3 Overview @ Full consolidation jl H Goodwill 2 Previously held || 1.2bnEUR* 01 Identification : . eas 1 of assets and liabilities and measurement at fair value (work in progre
Slide 60: Impact of BBA full consolidation on automotive EBIT
IMPACT OF BBA CHINA JOINT VENTURE FULL CONSOLIDATION ON AUTOMOTIVE EBIT. EBIT Automotive Segment (€) Flowchart only used for illustration purpose. Effects cannot be quantified based on the size of the columns. 01 | INCREASE by inclusion of BBA EBIT. Mid-Term Effect 20236f. i 02 | DEPRECIATION a bal
Slide 61: Impact of BBA full consolidation on Group EBT
IMPACT OF BBA FUL ON GROUP EBT. Group EBT (€) Flowchart only used for illustration purpose. Effects cannot be quantified based on the size of the columns. 01| FINANCIAL RESULT Decrease due to ,loss" of BBA's At-Equity contribution. Mid-Term Effect 2023Ff. | 2022 ' 02 | GROUP EBT f ' increases by ful
Slide 62: Impact of BBA full consolidation on automotive free cash flow
IMPACT OF BBA FUL ON AUTOMOTIVE FREE Free Cash Flow (FCF) Segment Automotive (€) Flowchart only used for illustration purpose. Effects cannot be quantified based on the size of the columns. 01| BBA DIVIDEND from At-Equity consolidation no longer included. Mid-Term Effect 2023¢f. | 2022 02 | BBA FREE
Slide 63: Outlook 2022
OUTLOOK 2022. BMW GROUP KEY PERFORMANCE INDICATORS. 2021 Actuals 2022 Outlook Group Earnings before tax 16,060 Significant increase Workforce at year-end 118,909 Significant increase Share of women in management positions in the BMW Group 18.8 Slight increase AUTOMOTIVE SEGMENT Deliveries to custome
Slide 64: Diversified funding mix
DIVERSIFIED FUNDING MIX INDUSTRY AND BANK-TYPICAL FIN FUNDING INSTRUMENTS FINANCIAL DEBT AS OF FY 2021 Lease Derivative <lyr lyr ) 2yrs ) 3yrs )) 4s ) 5yrs yrs ))10yr+ ) Other, 1,2_Liabilties; 2,4 Instruments; 1,9 Commercial paper; 1,4. SUM €103.5 bn. cP* (EMTN) PPs Bonds Banks loans ‘oe ® ABCP* ABS
Slide 65: Corporate finance ensures solvency at any time
CORPORATE FINANCE ENSURES SOLVENCY AT ANY TIME. MANAGING RISK ALONG THE ENTIRE VALUE CHAIN. RESEARCH & yay. DEVELOPMENT Financial Risk Strategic Direction Operational Implementation SUPPLY a2) Hi PRODUCTION 2X) MARKETING Liquidity Funding ~~ Solvent Independent Flexible Value Oriented ~ Minimum Liqu
Slide 66: Global markets access
GLOBAL MARKETS A TREASURY ORGANIZATION ENSURES 24 HOUR MARKET COV Stand Alone Bonds Asset Backed Securities 144A/RegS Bonds USS 7 bn CP Program \e Asset Backed Securities —ew dl BMW Bank North America Salt Lake City Treasury Center Amerika Woodcliff Lake 50 BN. EMTN PROGRAM 5 BN. EUR & 2 BN. FRENCH
Slide 67: BMW Group Investor Relations contacts
BMW GROUP INVESTOR RELATIONS. CONTACTS. VERONIKA DANIELA PATRICK GERALD ANDREAS MIRJAM \ ROSLER BEER NEUMAYER SCHMUTZ STOFFLER WIPFLER Head of Investor Equity & ESGIR Equity & Debt IR Equity & ESGIR Equity IR & Annual Equity & Debt IR Relations General Meeting (AGM) +49-89-382-25387 +49-89-382-25428
Slide 68: BMW Group Investor Relations events and conferences
BMW GROUP INVESTOR EVENTS, CONFERENC 11.10.2022 BMW Group China Day, virtual 18.10.2022 "Rolls-Royce: Building the Pinnacle of Luxury for the BMW Group", Goodwood 19.10.2022 CFO Roadshow, Los Angeles 04.11.2022 CFO Roadshow, Frankfurt 11.11.2022 CFO Roadshow, London 14.11.2022 Sabadell Autos Confere
Slide 69: Financial calendar 2022/2023
BMW GROUP INVESTOR RELATIONS. FINANCIAL CALENDAR 2022/2023. Quarterly Statement to 30 September 2022 BMW Group Annual Conference 2022 - Media Day Virtual BMW Group Annual Conference 2023 - Analyst and Investor Day Quarterly Statement to 31 March 2023 Annual General Meeting 2023 Half-Year Report to 3
Slide 70: 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