Stronger Asia for a stronger BASF

Dr. MartinBrudermüllerVice-Chairman of the

Board of Executive Directors

Roadshow

BeijingOctober 31, 2011

Hong KongNovember 1, 2011

2

This presentation includes forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. This presentation contains a number of forward-looking statements including, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. BASF has based these forward-looking statements on its views with respect to future events and financial performance. Actual financial performance of the entities described herein could differ materially from that projected in the forward-looking statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than anticipated. Given these uncertainties, readers should not put undue reliance on any forward-looking statements.

Forward-looking statements represent estimates and assumptions only as of the date that they were made. The information contained in this presentation is subject to change without notice and BASF does not undertake any duty to update the forward-looking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations.

Forward-looking statements

3

1 | Overview BASF

2 | Focus on operational excellence

3 | Well positioned for profitable growth

4 | Outlook

4

Facts & figuresWorldwide leading Chemical Company

•

Sales 2010: €64 billion

•

EBIT before special items 2010: €8.1 billion

Customers in more than 200 countries and in virtually all industries

No 1-3 market position in over 75% of our businesses

Unique Verbund concept for integrated production-

Six Verbund sites in all major regions-

Production sites in 41 countries

~ 110,000 employees worldwide

High-quality management team

BASF – The Chemical Company

5

* Styrenics reported under ‘Other’

Percentage of sales 2010

Chemicals

18%

Plastics*

16%

Functional Solutions15%

Performance Products19%

Agricultural Solutions6%

Oil & Gas

17%

BASF today – a well-balanced portfolio Total sales 2010: €63.9 billion

Sales€11,377 million

EBIT bSI€2,302 million

Sales€9,830 million

EBIT bSI€1,284 million

Sales€12,288 million

EBIT bSI€1,554 million

Sales€9,703 million

EBIT bSI€467 million

Sales€4,033 million

EBIT bSI€749 million

Sales€10,791 million

EBIT bSI€2,430 million

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* Other industries: approximately 10-15% of total sales

10 – 15 % of sales

5 – 10 % of sales

< 5 %of sales

> 15% of sales

Chemicals

AutomotiveUtilities

ConstructionAgriculturePlastics industryOil industry

Electrical & ElectronicsPaperFurniture

Resilience to industry-specificdemand fluctuations

7

Sales €17.6 billion +12%EBITDA €2.7 billion (8%)EBITDA margin 15.4% 18.6%EBIT before special items (bSI) €2.0 billion (11%)EBIT bSI adjusted for non-comp. oil taxes €2.0 billion (1%)EBIT €1.9 billion (13%)Net income €1.2 billion (4%)EPS €1.30 (4%)Adjusted EPS €1.52 0%

Business performance Q3’11 vs. Q3’10

BASF with good earnings in Q3 Third quarter 2011 highlights

Further sales growth in chemical activities mainly due to successful price increasesAcquired Cognis business continues to perform strongly; synergy targets increasedAgricultural Solutions on track for record year in sales and earningsEBIT before special items amounted to €2 billion. Adjusted for Libya, which contributed €355 million in last year’s quarter, EBIT before special items increased by 6% compared to Q3 2010.

8

*

Cash provided by operating activities less capex (in 2005 before CTA)** 2009 adjusted for re-classification of settlement payments for currency

derivatives

Continuous strong cash flow

Cash Flow (billion €)

Cash provided by operating activitiesFree cash flow*

-1

0

1

2

3

4

5

6

7

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

5.0

2.9

**

Q1-Q3

9

Average annual dividend increase of 14.5%(2001-2010)

Dividend yield above 3% in any given year since 2001

Attractive dividend yield of 3.7% in 2010*

3.9%

Key factsDividend per share (€)

2.20

0.65 0.70 0.700.85

1.00

1.50

1.95 1.951.70

0.0

0.5

1.0

1.5

2.0

2.5

2001 2004 2007 2010

0.50

1.00

1.50

2.00

3.1%

* Dividend yield based on share price at year-end

3.2% 3.1% 4.1% 3.8% 7.0%Yield* 3.7%

2.50

3.1% 3.9%

Attractive shareholder returns Record dividend

10

Delivering consistent, long-term value

Long-term performance October 2001 – September 2011 (average annual performance with dividends reinvested)

+12.8%

-1.4%

+7.4%

-3 0 3 6 9 12 15

BASF

Euro Stoxx 50

DAX 30

MSCI World Chemicals

+2.5%

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1 | Overview BASF

2 | Focus on operational excellence

3 | Well positioned for profitable growth

4 | Outlook

12

Vertical and horizontal integration of production plants, energy and waste flows, logistics and site infrastructure

Know-how Verbund

Energy Verbund and combined heat and power plants lead to-

Savings of ∼2.6 million tons oil equivalent p.a.

-

Reduction of CO2

-emissions of ~6 million tons p.a.

12

Unique ‘Verbund’ concept Cost savings of >€500 million p.a. in Ludwigshafen alone

BASF site Ludwigshafen, Germany Verbund Concept

13

Fixed costs represent around 30% of total costs

Only slightly higher fixed costs, despite major acquisitions(Engelhard, Degussa Construction Chemicals, Ciba and Cognis)

Ciba and Cognis synergies as well as NEXT program will drive fixed costs down–

Cost synergies Ciba:>€450 million by 2012

–

Cost synergies Cognis:

€145 million by 2013

Stringent fixed cost management

Key facts

Fixed costs indexed EBITDA indexedSales indexed

BASF Group development 2001-2010

50

100

150

200

250

300

2001 2004 2007 2010

Index

~170%

~100%

~20%

Δ

14

> 500 individual projects to simplify processes, structures and production sites in all regions

Project timeline:2008-2011

Annual earnings contribution of €600 million in 2010 achieved

Targeted annual earnings contribution by 2012: ≥€1 billion (thereof ~€150 million Asia)

Completed restructuring programs

New efficiency program NEXT

Sustainable improvement of cost base Efficiency program NEXT on track

New

EXcellence

Targets

(NEXT)Annual earnings contribution (million €)

0

500

1,000

1,500

2,000

2,500

2003 2005 2007 2009 2012

15

1 | Overview BASF

2 | Focus on operational excellence

3 | Well positioned for profitable growth

4 | Outlook

16

Leading positions in growth industries

and emerging markets

We strive to outperform global chemical production growth by at least 2 percentage points p.a.

Well positioned for profitable growth

Continue expansion in emerging markets, especially AsiaTranslate megatrends into business growth

Growth target:

Excellent innovation platform

Product and system innovation as growth driversMegatrend innovations for long-term growth

Ongoing portfolio

optimization

Continue with active portfolio managementDrive portfolio closer to end customer

17

Leading positions in growth industries and

emerging markets, especially Asia

18

6.5

12.5

20

0

5

10

15

20

2005 2010* 2020

BASF’s profitable growth path in Asia Pacific

Sales by location of customers in billion €; (Greater China shaded)

* Excluding Cognis

+14% p.a.

Achievements 2005-2010

Sales growth +14% p.a.(vs. Asian market growth +10.5% p.a.)Record EBITDA of €1.7 billion in 2010, resulting in an EBITDA margin of 14%

Target 2011-2020

Well on track to double sales by 2020(based on sales of €9 billion in 2008)Outgrowing Asian Pacific chemical market by 2 percentage points p.a. through

–

Innovations out of Asia–

Investments 2011-2015: €2.3 billion–

Generating 70% of sales based on local manufacturing

–

Strengthening market focus through industry and customer target groups

Focus on five most important growth industries

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Inorganics

Catalysts

Petro-

chemicals

Intermediates

Construction

Chemicals

Coatings

Dispersion

& Pigments

Care

Chemicals

Performance

Chemicals

Performance

Polymers

Polyurethanes

7% p.a.

7% p.a.

7% p.a.

5% p.a.

4% p.a.

~6% p.a.

BASF Group Sales by

Industry in A/PBubble Size: BASF Net Sales to 3rd parties (2009)

Targeted BASF Industry Sales

Growth*

Construction

Pharma

Coatings

Packaging

Automotive

*

2010-2020 p.a.

10%

2%

8%

8%

14%

20

Industry & Customer Target Groups take us to the next level of competitiveness

7 Main ITGs* in Asia

All ITGs started and well on track

>150

CTGs*

Many cross divisional customer strategies

developed

>€600m identified

Additional sales potential 2012

* ITG: Industry Target Group; CTG: Customer Target Group

Current status:

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Continuous investments underline our long-term commitment to Asia

Investments in Asia Pacific (China shaded) Major investment projects

Year Verbund Location2001 Verbund site Kuantan

2005 Verbund site Nanjing

2006 MDI/TDI Caojing

2009 –

2011Expansion of Verbund site

Nanjing

2014* MDI Chongqing

tbd** World-scale Specialties

Malaysia

tbd*** Expansion of

Verbund siteNanjing

plan++actual+

+ incl. intangibles; ++

excl. intangibles

2.32.4

3.4

2.0

0,0

1,0

2,0

3,0

1996-2000 2001-2005 2006-2010 2011-2015

in billion €

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Nanjing – the heart of our Chinese Verbund network

Key factsNanjing site

50/50 joint venture with Sinopec

Capacity: ~ 2 million metric tons of sales products/year

Investment schedule:

$2.9 billion initial investment:+ Commercial start-up in 2005+ Steam cracker and 9 plants

$1.4 billion first expansion:+ 3 expansions, 10 new plants+ Near completion end of 2011

o $1.0 billion second expansion:

+ MoU with Sinopec signed

+ Feasibility studies to be com-

pleted by 2012

23

MDI plant in Chongqing

Market for polyurethanes in China expected to grow at 9-10% p.a. and to become largest in the world within the next decade

New MDI plant with world-scale capacity of 400,000 metric tons of crude MDI per year

Investment: €860 million

Commercial operation expected 2014

Groundbreaking took place in April and construction work has hence commenced

Project will be one of the main anchor activities in Western China

Key facts

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Kuantan, Malaysia Verbund site for the ASEAN region

Key factsKuantan site

BASF Petronas Chemicals

60/40 JV BASF + Petronas

Approximately 600 employees

Products: plasticizers, acrylic monomers, BDO & derivatives

BASF and Petronas decided to explore expansion of existing capacities in Kuantan including feasibility study for a new SAP plant

Further agreement between BASF and Petronas to jointly look into new world-scale specialty chemical facilities in Malaysia

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Excellent innovation platform

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Electromobility

Xemium®Kaurit®

Light

CypoSol®

Elastopave®

Ecovio®

Natugrain®

TS X-SEED® PCI Geofug®

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Further increase in R&D spending planned for 2011

Innovation will spur further growth

Total R&D expenditures 2010 (billion €)

€1.5 billion R&D expenditures in 2010 (2009: €1.4 billion)

~9,600 employees in R&D

~3,000 projects and topics

Research Verbund: About 1,900 partnerships with universities, start-ups and industry partners

Strong commitment to R&D

Corporate Research22%

Agricultural Solutions

26%

Functional Solutions12%

Performance Products19%

Chemicals9%

Plastics10%

€1.5 billion

Other2%

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R&D platform in Asia Pacific

Singapore

Shanghai

Mumbai

8 R&D sites in Asia Pacific

R&D employees to increase from 550 to more than 800 by 2020

Co-operations with ~100 research institutes and universities

Build two R&D clusters in Asia Pacific in China and India

Leverage global R&D capabilities with Competence Centers in Singapore, India and China

Key facts

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Innovation in Asia for Asia

€55 million investment includes

innovation campus and Greater

China head office

To open in H2/2012

450 scientific and technical

professionals

Integrated into global R&D

network

Local and international team

New Asia Pacific Innovation Campus to be established in Shanghai

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Innovation in Asia for Asia BASF hair styling polymers for waxes, gels and creams

Hair Cream

Hair cream effectively nourishes dry, tangled and frizzy hair whilst protecting against breakage

Hair Gel

Hair gel to create fashionable hair styles and provides long-

lasting hold and a smooth, shiny finish

Hair Wax

Hair wax for permed hair, to keep the hair bouncy and shiny to the tips

Soft Perm Style (Japan) Short Styled (China)

Source: GNPD

Natural look (S Asia)

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Ongoing portfolio optimization

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BASFcore

businesses

Powerful partnerships

Major acquisitions Major divestitures

Pharmaceuticals

Fibers

Printing systems

Polyolefins (Basell)

Polystyrene North America

Agchem generics

Premix

Crop protectionOil & Gas (Revus)Engineering Plastics Electronic ChemicalsCustom synthesisCatalysts (Engelhard)Construction Chem.Water-based resinsPigments (Ciba)Plastic additives (Ciba)Care Chem. (Cognis)Nutrition & Health (Cognis)

15 billion Euro(Sales)

9 billion Euro*

(Sales)

GazpromMonsantoPetronasShellSinopecTotal

* Not including styrenics and fertilizer businesses

Selected transactions 2001 to date

Styrenics (Styrolution)(JV established)

Fertilizers (Contract signed)

Pro-active portfolio management

Sale of shares in K+S(Proceeds for BASF ~€1 billion)

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Active portfolio management pays off

Chemical activities

Agricultural Solutions

Oil & Gas, including non-deductible oil taxes

EBITDA by activity (in billion €, excluding Other)

0

2

4

6

8

10

12

2001* 2004 2007** 2010

Recent acquisitions reshaped portfolio–

Closer to end customers–

Innovation-driven–

Profitable growth above industry average

BASF’s EBITDA in 2010 (excluding Other) amounted to €11.7 billion

* Based on German GAAP**

As of 2007 according to new segment structure (excl. Styrenics and corporate costs)

Our diversified portfolio is a key strength

34

1 | Overview BASF

2 | Focus on operational excellence

3 | Well positioned for profitable growth

4 | Outlook

35

We expect to generate significantly higher salesWe aim to significantly exceed the 2010 EBIT before special itemsadjusted for non-compensable oil taxes (2010: €7.2 billion)We will earn a high premium on our cost of capital

Outlook 2011

Outlook 2011 confirmed

We aim to grow sales on average by two percentage points per year faster than chemical production growthWe strive to grow our earnings further year by year, and to achieve an EBITDA margin of 18% by 2012

Medium-term targets

We aim to continuously increase the annual dividend, or at least maintain it at the level of the previous year.

Dividend policy

36

37

BackupBusiness development Q3 2011

38

Chemicals Significant sales growth driven by strong price increases

Intermediates671+4%

Inorganics356

+11%

Petrochemicals2,141+12%

€3,168+10%

617537

765674

621

0

200

400

600

800

Q3 Q4 Q1 Q2 Q3

Sales developmentPeriod Volumes Prices Portfolio Currencies

Q3’11 vs. Q3’10 (3)% 18% 0% (5)%

Q3’11 segment sales (million €) vs. Q3’10 EBIT before special items (million €)

2010 2011

39

Plastics Sales up mainly due to a strong Performance Polymers business

Polyurethanes1,480+2%

Performance Polymers

1,321+16%

€2,801 +8%

371

285

393 383

317

0

200

400

Q3 Q4 Q1 Q2 Q3

Sales development Period Volumes Prices Portfolio Currencies

Q3’11 vs. Q3’10 2% 10% 0% (4)%

Q3’11 segment sales (million €) vs. Q3’10 EBIT before special items (million €)

2010 2011

40

Sales developmentPeriod Volumes Prices Portfolio Currencies

Q3’11 vs. Q3’10 (2%) 7% 23% (4)%

Performance Products Strong contributions from acquired Cognis businesses

370294

554513

440

0

100

200

300

400

500

600

Q3 Q4 Q1 Q2 Q3

PerformanceChemicals

904+9%

Care Chemicals1,265+85%

€3,991+24%

Paper Chemicals423-6%

Q3’11 segment sales (million €) vs. Q3’10 EBIT before special items (million €)

Nutrition & Health471+32% Dispersions

& Pigments 928

+5% 2010 2011

41

Sales developmentPeriod Volumes Prices Portfolio Currencies

Q3’11 vs. Q3’10 4% 11% 3% (6)%

Functional Solutions Strong performance of Catalysts

Catalysts1,608+19%

ConstructionChemicals

5990%

Coatings700

+9%

€2,907+12%

158

33

142167 162

0

50

100

150

Q3 Q4 Q1 Q2 Q3

Q3’11 segment sales (million €) vs. Q3’10 EBIT before special items (million €)

2010 2011

42

Agricultural Solutions On track for record year in sales and earnings

66

95

0

50

100

150

Q3 Q3

Q3’11 segment sales (million €) vs. Q3’10 EBIT before special items (million €)

20112010

0

200

400

600

800

1.000

Q3 Q320112010

+9%

+44%

Sales developmentPeriod Volumes Prices Portfolio Currencies

Q3’11 vs. Q3’10 12% 3% 0% (6)%

832908

43

272 225

0

200

400

600

Q3 Q3

Exploration & Production534-39%

Natural Gas Trading

1,661+23%

€2,195 -1%

Sales developmentPeriod Volumes Prices/Currencies Portfolio

Q3’11 vs. Q3’10 (25)% 24% 0%

EBIT bSI Natural Gas TradingEBIT bSI Exploration & Production Net income

Q3’11 segment sales (million €) vs. Q3’10 EBIT before special items/ Net income (million €)

20112010

503227

573

350Non-compensable

oil taxes 224

70 123

Oil & Gas EBIT before SI on last year’s level (adjusted for non-compensable oil taxes)

44

Review of “Other”

Million € Q3 2011 Q3 2010Sales 1,637 1,452thereof Styrenics* 739 683

EBIT before special items (21) 58thereof Corporate research

Group corporate costs Currency results, hedges and other valuation effects Styrenics, fertilizers, other businesses

(86) (58) 104

82

(67) (54) 104

77

Special items (33) (68)

EBIT (54) (10)

*

Since January 1, 2011, Styrenics only includes the carved-out Styrenics businesses; the previous year’s values were adjusted accordingly.

45

Million € Jan - Sep 2011

Jan - Sep 2010

Cash provided by operating activities 5,028 5,307thereof Changes in net working capital (1,337) (783)

Cash used in investing activities (957) (1,175)thereof Payments related to tangible / intangible assets (2,101) (1,518)

Cash used in financing activities (4,105) (3,814)thereof Changes in financial liabilities

Dividends (1,727) (2,378)

(2,003) (1,811)

Operating cash flow strong at €2.0 billionFree cash flow again high at €1.2 billion Net debt further reduced by ~€650 million to €11.6 billion since end of Q2 2011

Third quarter 2011

Operating cash flow remains strong

46

Financial highlights

Million € Q3 2011 Q3 2010 Δ% Q2 2011 Δ%Sales

changes due to - volumes - prices - portfolio - currencies

17,607 15,781 +12%

(3)% +14% +5% (4)%

18,461 (5)%

EBITDA 2,709 2,934 (8)% 3,015 (10)%

EBIT before special items 1,964 2,213 (11)% 2,237 (12)%

EBIT before special items

adjusted for non-compensable oil taxes 1,964 1,989 (1)% 2,237 (12)%

Special items (82) (58) - (20) -

EBIT 1,882 2,155 (13)% 2,217 (15)%

Net income 1,192 1,245 (4)% 1,454 (18)%

EPS (€) 1.30 1.35 (4)% 1.59 (18)%

Adjusted EPS (€) 1.52 1.52 0% 1.75 (13)%

Macro-economic assumptions 2011

Previous forecast

GDP 3%-4%

Chemical production (excl. Pharma)

5%-6%

Industrial production 5%-6%

US$ / Euro 1.40

Oil price (US$ / bbl) 110

New forecast

2.5%-3%

4.5%-5%

4.5%-5%

1.40

110