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					                                      Powerful start to 2011
                                      BASF remains on growth track




 Michael Heinz
 Member of the Board
 of Executive Directors

 Roadshow
 Scandinavia
 June 14-15, 2011




BASF Capital Market Story June 2011                                  1
        1 | Powerful start to 2011


        2 | Focus on operational excellence


        3 | Well positioned for profitable growth


        4 | Outlook


BASF Capital Market Story June 2011                 2
Powerful start to 2011
First quarter highlights


  Business performance                           Q1’11                 vs. Q1’10

      Sales                                    €19.4 billion            +25%
      EBITDA                                   €3.4 billion             +28%
      EBITDA margin                            17.4%                    17.0%
      EBIT before special items                €2.7 billion             +40%
      EBIT                                     €2.6 billion             +39%
      Net income                               €2.4 billion            +134%
      EPS                                      €2.62                   +134%
      Adjusted EPS                             €1.94                    +47%

      Excellent sales and earnings growth in the chemical activities
      Cognis contributed significantly to the good results in Performance Products
      Agricultural Solutions started with strong sales and earnings
      Higher sales and earnings in Oil & Gas despite lower volumes from Libya
BASF Capital Market Story June 2011                                                  3
Continuous strong cash flow

Cash Flow (billion €)


       7

       6

       5

       4

       3
                                                                                                                            2.3
       2                                                                                                                          1.7
       1

       0
                                                                                                                      **
                2001            2002   2003   2004     2005   2006       2007         2008         2009          2010         2011
      -1                                                                                                                       Q1
               Cash provided by operating activities
               Free cash flow*                                * Cash provided by operating activities less capex (in 2005 before CTA)
                                                              ** 2009 adjusted for re-classification of settlement payments for currency
                                                                  derivatives
BASF Capital Market Story June 2011                                                                                                        4
Attractive shareholder returns
Record dividend


  Dividend per share (€)                                                              Key facts
                                                                                        Average annual dividend
                                                                                        increase of 14.5%
  2.50
  2.5                                                                                   (2001-2010)
                                                                               2.20
                                                            1.95 1.95                   Dividend yield above 3% in any
  2.00
  2.0
                                                                        1.70            given year since 2001
                                                     1.50
  1.50
  1.5                                                                                   Attractive dividend yield of
                                             1.00                                       3.7% in 2010*
  1.00
  1.0                                 0.85
             0.65 0.70 0.70
  0.5
  0.50

   0.0
            2001                      2004                  2007               2010

 Yield* 3.1% 3.9% 3.1% 3.2% 3.1% 4.1% 3.8% 7.0% 3.9% 3.7%

              * Dividend yield based on share price at year-end


BASF Capital Market Story June 2011                                                                                      5
Delivering consistent, long-term value

Long-term performance January 2001 – April 2011
(average annual performance with dividends reinvested)



                                                                          +15.1%        BASF


                 -1.9%          Euro Stoxx 50


                                +1.5%   DAX 30


                                                 +7.7%   MSCI World Chemicals

  -3                        0              3     6         9         12            15




BASF Capital Market Story June 2011                                                            6
        1 | Powerful start to 2011


        2 | Focus on operational excellence


        3 | Well positioned for profitable growth


        4 | Outlook


BASF Capital Market Story June 2011                 7
Unique ‘Verbund’ concept
Cost savings of >€500 million p.a. in Ludwigshafen alone


   BASF site Ludwigshafen, Germany               Verbund Concept
                                                   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.




8BASF Capital Market Story June 2011                                                8
Stringent fixed cost management

BASF Group development 2001-2010                                               Key facts

Index
                                                                                 Fixed costs represent around
                                                                                 30% of total costs
300                                                                       Δ
                                                                                 Only slightly higher fixed costs,
                                                                      ~170%
250                                                                              despite major acquisitions
                                                                                 (Engelhard, Degussa Construction
200                                                                              Chemicals, Ciba and Cognis)
                                                                      ~100%      Ciba and Cognis synergies as
150                                                                              well as NEXT program will
                                                                       ~20%      drive fixed costs down
100
                                                                                 – Cost synergies Ciba:
   50                                                                              >€450 million by 2012
           2001                       2004             2007        2010
                                                                                 – Cost synergies Cognis:
                                                                                   €140 million by 2013
     Fixed costs indexed                     Sales indexed    EBITDA indexed



BASF Capital Market Story June 2011                                                                                  9
Sustainable improvement of cost base
Efficiency program NEXT on track


Annual earnings contribution (million €)                         New EXcellence Targets (NEXT)
                                                                   > 500 individual projects to
2.500                                                              simplify processes, structures
                                                                   and production sites in all
2.000                                                              regions

1.500                                                              Project timeline:
                                                                   2008-2011
1.000
                                                                   Annual earnings contribution of
   500
                                                                   €600 million in 2010 achieved
                                                                   Targeted earnings contribution
       0                                                           by 2012: ≥€1 billion
              2003               2005   2007    2009      2012


                       New efficiency program NEXT
                       Completed restructuring programs


BASF Capital Market Story June 2011                                                                 10
        1 | Powerful start to 2011


        2 | Focus on operational excellence


        3 | Well positioned for profitable growth


        4 | Outlook


BASF Capital Market Story June 2011                 11
Well positioned for profitable growth

              Leading positions                   Ongoing                   Excellent
             in growth industries                  portfolio               innovation
                 and emerging                    optimization               platform
                   markets
                 Continue expansion in         Continue with active     Product and system
                 emerging markets,             portfolio management     innovation as growth
                 especially Asia               Drive portfolio closer   drivers
                 Translate megatrends          to end customer          Megatrend innovations
                 into business growth                                   for long-term growth




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



BASF Capital Market Story June 2011                                                             12
                                Leading positions
                            in growth industries and
                                emerging markets



BASF Capital Market Story June 2011                    13
Emerging markets
Significant sales growth in emerging markets


 BASF Group (w/o Oil & Gas)                                                      Emerging Markets
  Net sales in billion €                                                           Sales 2010 in emerging
                                                                                   markets: €14.5 billion (27%)
   60
                                                                                   Investments in emerging
   50                                                                              markets 2005-2010:
                                               13%           27%
                                            GR                                     €3 billion
   40                                     CA
                                                  %                                Ongoing increase of
                                           CA GR 7                                 - sales force
   30                           22%
                                                                                   - regional R&D
   20                                                                              Emerging markets definition,
                                                                                   according to Dow Jones:
   10                                                                              35 countries *

     0
                                                                                   * Bahrain, Brazil, Bulgaria, Chile, China, Colombia, Czech
                                2005                         2010                  Republic, Egypt, Estonia, Hungary, India, Indonesia, Jordan,
                                                                                   Latvia, Kuwait, Lithuania, Malaysia, Mauritius, Mexico,
                                                                                   Morocco, Oman, Pakistan, Peru, Philippines, Poland, Qatar,
                                       Emerging Markets (Dow Jones definition)     Romania, Russia, Slovakia, Sri Lanka, South Africa, South
                                                                                   Korea, Taiwan, Thailand, Turkey, United Arab Emirates
                                       Developed Markets
BASF Capital Market Story June 2011                                                                                                               14
Emerging markets
Recently announced major projects




        MDI plant Chongqing, China     Expansion Verbund site Nanjing*     Expansion Verbund site Kuantan*




            Superabsorbents, Brazil*   Expanding gas production, Russia*    15% Stake in South Stream*
BASF Capital Market Story June 2011                                            * Memoranda of Understanding signed   15
BASF’s profitable growth path
in Asia Pacific

Sales by location of customers (in billion €)                    Achievements 2005-2010
                                                                   Sales growth +14% p.a.
                                                        20         (vs. Asian market growth +10.5% p.a.)
20
                                                                   Record EBITDA of €1.8 billion in 2010,
                                                                   resulting in an EBITDA margin of 14%
15                                                               Target 2011-2020
                               a   . 12.5
                            p.                                     Well on track to double sales by 2020
                    4   %                                          (based on sales of €9 billion in 2008)
10               +1                                                Outgrowing Asian Pacific chemical market
               6.5                                                 by 2 percentage points p.a. through
  5                                                                  – Innovations out of Asia
                                                                     – Investments 2011-2015: €2.3 billion
                                                                     – Generating 70% of sales based on
  0                                                                    local manufacturing
             2005                  2010*              2020
                                                                     – Strengthening market focus through
                                                                       industry and customer target groups
BASF Capital Market Story June 2011         * excluding Cognis                                                16
                                             Ongoing
                                      portfolio optimization




BASF Capital Market Story June 2011                            17
Pro-active portfolio management

                                             Selected transactions
             Major acquisitions                  2001 to date           Major divestitures

                  Crop protection                                           Pharmaceuticals
                  Oil & Gas (Revus)                                         Fibers
                                                  BASF
                  Engineering Plastics                                      Printing systems
                  Electronic Chemicals
                                                   core
                                                businesses                  Polyolefins (Basell)
                  Custom synthesis
                                                                            Polystyrene
                  Catalysts (Engelhard)                                     North America
                  Construction Chem.
                                                                            Agchem generics
                  Water-based resins
                                                  Powerful                  Premix
                  Pigments (Ciba)
                                                partnerships                Styrenics (Styrolution)
                  Plastic additives (Ciba)                                  (JV contract signed)
                  Care Chem. (Cognis)           Gazprom
                                                                            Fertilizers (Sale planned)
                                                Monsanto
                  Nutrition & Health
                  (Cognis)                      Petronas                    9 billion Euro*
                                                Shell                                   (Sales)
                  15 billion Euro               Sinopec
                              (Sales)
                                                                            Sale of shares in K+S
                                                Total                       (Proceeds for BASF ~€1 billion)

BASF Capital Market Story June 2011
                                                                     * Not including styrenics and fertilizer businesses   18
Cognis – integration objectives

Targets
   Achieve 20% EBITDA margin
   in the Performance Products segment by 2012
       Acquisition accretive as of 2012

Costs
   One-time integration costs of €290 million
   until end of 2013
       Inventory step-up of €120 million
       Costs already incurred:
       − 2010: €80 million (thereof €60 million inventory step-up)
       − Q1/2011: €158 million (thereof €60 million inventory step-up)

Synergies
   Generate €275 million of additional EBIT
       − €135 million growth synergies by the end of 2015
       − €140 million cost synergies by the end of 2013


BASF Capital Market Story June 2011                                      19
BASF + Cognis
Improved market positions
                                        Previous         Future
                                      BASF position   BASF position

Personal care ingredients                    3            1
Home care ingredients                        1            1
Mining chemicals                             3            2
Functional nutrition
ingredients                                  6            3
Coating additives                            7            3
Heavy-duty driveline
lubricants                               >   10           3
BASF Capital Market Story June 2011                                   20
Active portfolio management pays off

EBITDA by activity (in billion €, excluding Other)                    Our diversified portfolio
                                                                      is a key strength
12
                                                                          Recent acquisitions reshaped
10                                                                        portfolio
  8                                                                       – Closer to end customers
                                                                          – Innovation-driven
  6
                                                                          – Profitable growth above
  4                                                                         industry average
  2                                                                       BASF’s EBITDA in 2010
  0                                                                       (excluding Other) amounted
                                                                          to €11.7 billion
   2001*                              2004            2007**   2010



      Chemical activities
                                                                      * Based on German GAAP
      Agricultural Solutions
                                                                      ** As of 2007 according to new segment structure
                                                                         (excl. Styrenics and corporate costs)
      Oil & Gas, including non-deductible oil taxes
BASF Capital Market Story June 2011                                                                                      21
                                           Excellent
                                      innovation platform




BASF Capital Market Story June 2011                         22
Natugrain® TS                         X-SEED®       PCI Geofug®




Ecovio®                               CypoSol®      NaphthaMax® III




Kaurit® Light
BASF Capital Market Story June 2011
                                      Elastopave®   Xemium®           23
Innovation will spur further growth

Total R&D expenditures 2010 (billion €)                               Strong commitment to R&D

                                                                        €1.5 billion R&D expenditures
Chemicals                                       Corporate Research      in 2010 (2009: €1.4 billion)
9%                                                            22%       ~9,600 employees in R&D
Plastics
                                                                        ~3,000 projects and topics
10%                                              24%         Other
                                       €1.5                             Research Verbund:
Performance                                                    2%
Products                              billion                           About 1,900 partnerships with
19%
                                                 1%                     universities, start-ups and
                                                                        industry partners
Functional                                             Agricultural
Solutions                                                Solutions
12%                                                           26%




    Further increase in R&D spending planned for 2011
BASF Capital Market Story June 2011                                                                     24
Innovation pipeline worth €21 billion

Net present value by segments (billion €)                                   R&D contributes significantly to
                                                                            earnings growth
                                      €21 bn                                    The pipeline NPV of €21 billion
  20            €19 bn                         3% Chemicals                     is a bottom-up aggregation of
                                               7% Plastics                      all R&D projects
                                               14% Performance Products
                                                                                High success rate due to
  15                                           8% Functional Solutions
                                                                                stringent R&D controlling via
                                                                                Phasegate process
  10                                           46% Agricultural Solutions       Expected Commercial Value:
                                                                                ~50% of NPV (probability-
                                                                                weighted)
     5
                                               2% Oil & Gas
                                                                                In 2010, sales of new products
                                               20% Corporate Research
                                                                                (5 years or younger) exceeded
     0                                             0,0    3.5
                                                          4.5    0,0            the target of €6 billion
                   2009                2010
                                                                                Target 2015: up to €8 billion
                                                                                sales with new products
                                                                            * New or improved products or new applications,
                                                                              max. 5 years on market, including Growth Clusters


BASF Capital Market Story June 2011                                                                                               25
        1 | Powerful start to 2011


        2 | Focus on operational excellence


        3 | Well positioned for profitable growth


        4 | Outlook


BASF Capital Market Story June 2011                 26
Outlook 2011

  Assumptions*
      We are increasing our Brent oil price forecast from $90/bbl to $100/bbl
      We are assuming that oil production in Libya will not restart during 2011
       → EBIT before special items from our Libyan oil production for the full year 2011
         will be about €1 billion lower compared with 2010
         (thereof about €700 million of non-compensable oil taxes)
 Targets 2011*
   We expect to generate significantly higher sales
   We aim to significantly exceed the 2010 EBIT before special items
   adjusted for non-compensable oil taxes (2010: €7.2 billion)
   We expect to achieve a high premium on our cost of capital
 Medium-term targets
  We aim to grow sales on average by two percentage points per year
  faster than chemical production growth
  We strive to grow our earnings further year by year,
  and to achieve an EBITDA margin of 18% by 2012
BASF Capital Market Story June 2011                               * Announced May 6th 2011 (Q1Conference Call)   27
Forward-looking statements

     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.

BASF Capital Market Story June 2011                                                                    28
BASF Capital Market Story June 2011   29
           Backup
           Macro-economic assumptions 2011




BASF Capital Market Story June 2011          30
Outlook BASF Group 2011
Expectations for global economy

                                      2010    Forecast 2011


GDP                                   3.9%        3.3%


Chemical production                   9.3%        5.2%
(excl. Pharma)



Industrial production                 8.9%        5.0%


US$ / Euro                            1.33        1.35


Oil price (US$ / bbl)                 79.50       100

BASF Capital Market Story June 2011                           31
Outlook 2011 by region
                                      Industrial production   Chemical production (excl. Pharma)
                                          2010     2011          2010     2011

World                                    8.9%    5.0%             9.3%     5.2%

EU-27                                    6.0%    3.0%            10.1% 2.9%

USA                                      5.7%    3.9%             5.0%     3.3%

Asia (excl. Japan)                      14.5% 10.0%              13.0% 9.6%

Japan                                   15.8% 2.3%                8.8%     1.9%

South America                            6.2%     4.6%            6.4%     4.3%
BASF Capital Market Story June 2011                                                                32
Outlook 2011 for our
key customer industries*

                                                                                        Growth
  Key customer industries                                         2009      2010
                                                                                     forecast 2011
  of BASF                                                        (World)   (World)
                                                                                        (World)
  Industries total                                                 (8.1)     8.9          5.0
  Construction                                                     (5.8)    (1.3)         3.6
  Automotive (per-unit-base)                                      (11.3)    21.5          6.1
  Electronics                                                     (11.1)    12.0          5.9
  Information & Communications                                    (11.9)    16.6          9.2
  Textiles                                                         (8.7)     8.8          5.6
  Paper                                                            (3.3)     7.9          5.7
  Nutrition                                                        (0.7)     3.9          3.4
  Agriculture                                                       0.9      4.2          2.3
 * Growth Production Index in % p.a.; change compared with previous year




BASF Capital Market Story June 2011                                                                  33
           Backup
           Business development Q1 2011




BASF Capital Market Story June 2011       34
BASF Group Q1 2011

Sales (billion €)                                                              EBIT before special items (billion €)

20                                                            19.4
                                                                               3.0                                        2.7
                           16.2              15.8    16.4
           15.5                                                                2.5              2.2          2.2
16
                                                                                          2.0
                                                                               2.0                                 1.8
12
                                                                               1.5
  8
                                                                               1.0
  4                                                                            0.5
  0                                                                            0.0
            Q1              Q2               Q3      Q4        Q1                         Q1    Q2           Q3    Q4      Q1
                                      2010                     2011                                   2010                2011



Sales development
 Period                                             Volumes                Prices               Portfolio           Currencies
 Q1’11 vs. Q1’10                                        5%*                    13%                    6%                 1%


                                                      * Volumes +9% (without Oil & Gas)
BASF Capital Market Story June 2011                                                                                              35
Chemicals
Record earnings

Q1’11 segment sales (million €) vs. Q1’10                     EBIT before special items (million €)

Intermediates                                  Inorganics      800                                    765
                                                      353                   687
709                                                                                      617
+22%                                                +25%                                       537
                                                               600
                                                                     461
                                €3,276                         400
                                +27%
                                                               200
                                           Petrochemicals
                                                    2,214        0
                                                    +28%             Q1      Q2          Q3    Q4      Q1
                                                                                  2010                2011



Sales development
 Period                                  Volumes            Prices          Portfolio           Currencies
 Q1’11 vs. Q1’10                             4%               21%             0%                     2%



BASF Capital Market Story June 2011                                                                          36
Plastics
Strong volumes and prices lifted sales and earnings


Q1’11 segment sales (million €) vs. Q1’10                     EBIT before special items (million €)

Polyurethanes                                                  400                       371          393
                                                                            349
1,479
+21%                                                                 279                       285

                                €2,788                         200
                                +27%
                                             Performance
                                                Polymers
                                                                 0
                                                    1,309
                                                    +34%             Q1      Q2          Q3    Q4      Q1
                                                                                  2010                2011



Sales development
 Period                                  Volumes            Prices          Portfolio           Currencies
 Q1’11 vs. Q1’10                            14%                11%            0%                      2%



BASF Capital Market Story June 2011                                                                          37
Performance Products
Acquisitions are paying off

Q1’11 segment sales (million €) vs. Q1’10                      EBIT before special items (million €)

Care Chemicals                                Performance       600                                    554
1,376                                           Chemicals       500          471
+117%                                                                 419
                                                       895                                370
                                                                400
                                                     +23%
Nutrition                       €3,982                          300
                                                                                                294
& Health
469                             +39%                            200
+27%                                                            100
                                               Dispersions
 Paper Chemicals                               & Pigments         0
 393                                                   849            Q1      Q2          Q3    Q4      Q1
 - 6%                                                +17%                          2010                2011



Sales development
 Period                                  Volumes             Prices          Portfolio           Currencies
 Q1’11 vs. Q1’10                             3%                 5%                 29%                 2%



BASF Capital Market Story June 2011                                                                           38
Functional Solutions
Strong automotive demand drove sales and earnings


Q1’11 segment sales (million €) vs. Q1’10                       EBIT before special items (million €)

Catalysts                                   Construction                      165          158
1,677                                         Chemicals          150                                    142
+58%                                                 469               111
                                                    +9%
                                €2,818                           100

                                +35%
                                                                  50                             33
                                                   Coatings
                                                        672        0
                                                      +13%             Q1      Q2          Q3    Q4      Q1
                                                                                    2010                2011



Sales development
 Period                                  Volumes              Prices          Portfolio          Currencies
 Q1’11 vs. Q1’10                            18%                 13%                 1%                  3%



BASF Capital Market Story June 2011                                                                            39
Agricultural Solutions
Strong sales and earnings growth


Q1’11 segment sales (million €) vs. Q1’10               EBIT before special items (million €)
1,400                                         1,230      400
                                      +7%
                         1,145                                                  +7%     343
1,200                                                               321
1,000                                                    300
  800
  600                                                    200

  400
                                                         100
  200
      0                                                    0
                           Q1                  Q1                    Q1                 Q1
                          2010                 2011                 2010               2011



Sales development
 Period                                     Volumes   Prices          Portfolio        Currencies
 Q1’11 vs. Q1’10                                8%      (2)%               0%                   1%



BASF Capital Market Story June 2011                                                                  40
Oil & Gas
Higher oil and gas prices compensated for lower volumes


Q1’11 segment sales (million €) vs. Q1’10                 EBIT before special items / Net income (million €)

Exploration &                                             800                                    744
Production                                                           629                         118
1,068                                                     600
                                                                     145
+4%
                                €3,455                    400
                                 +7%                                                             626
                                         Natural Gas      200        484
                                                                                  273                         306
                                             Trading
                                               2,387        0
                                                +9%                         Q1                         Q1
                                                                           2010                        2011
                                                             EBIT bSI Natural Gas Trading              Net income
                                                             EBIT bSI Exploration & Production
Sales development
 Period                                                Volumes        Prices/Currencies                Portfolio
 Q1’11 vs. Q1’10                                        (13)%                 20%                         0%



BASF Capital Market Story June 2011                                                                                 41
Review of “Other”

 Million €                                                                         Q1 2011              Q1 2010
 Sales                                                                                  1,812             1,338
 thereof Styrenics                                                                        843              666*
 EBIT before special items                                                               (209)            (266)
 thereof Corporate research                                                               (83)             (82)
         Group corporate costs                                                            (55)             (51)
         Currency results, hedges and other                                               (78)            (136)
         valuation effects
         Styrenics, fertilizers, other businesses                                          185             101
 Special items                                                                             (35)            (34)
 EBIT                                                                                    (244)            (300)



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



BASF Capital Market Story June 2011                                                                               42
Excellent operating cash flow in Q1 2011

 Million €                                                          Q1 2011       Q1 2010
 Cash provided by operating activities                                 2,255         1,368
 thereof Changes in net working capital                                  260         (680)
 Cash provided by investing activities                                   257         (454)
 thereof Payments related to tangible / intangible assets               (547)        (392)
 Cash used in financing activities                                    (1,200)        (757)
 thereof Changes in financial liabilities                             (1,073)        (679)
         Dividends                                                      (127)         (78)




   First quarter 2011
    Despite improved business activities net working capital decreased slightly
      Free cash flow at €1.7 billion
      Net debt reduced by €2.4 billion to €11.1 billion since December 31, 2010
      €972 million proceeds from the sale of K+S stake

BASF Capital Market Story June 2011                                                          43
Financial highlights
Strong earnings improvement in Q1 2011

 Million €                            Q1 2011    Q1 2010      Δ%    Q4 2010      Δ%
 Sales                                  19,361     15,454   +25%      16,424   +18%
   changes due to
   - volumes                                                 +5%
   - prices                                                 +13%
   - portfolio                                                6%
   - currencies                                              +1%
 EBITDA                                  3,365      2,627   +28%       2,703   +25%

 EBIT before special items               2,732      1,954   +40%       1,765   +55%

 Special items                           (182)      (114)       .       (78)       .

 EBIT                                    2,550      1,840   +39%       1,687   +51%

 Net income                              2,411      1,029   +134%      1,100   +119%

 EPS (€)                                  2,62       1,12   +134%       1,20   +118%

 Adjusted EPS (€)                         1,94       1,32   +47%        1,39   +40%



BASF Capital Market Story June 2011                                                44
Balance sheet further strengthened

Balance sheet March 31, 2011 vs. end of 2010 (billion €)
                                                                               Proceeds from the sale of
                              60.2              60.2
                                                                               BASF’s stake in K+S were
                                       59.4             59.4
                                                                               used to reduce debt
                                                             Stock-            Net debt decreased by
                                                23.5    22.7 holders’
       Long-term                                                               €2.4 billion to €11.1 billion
                                                             Equity
          assets              32.7
                                                                               Accounts receivable increased
                                       34.5                                    by €0.9 billion due to the
                                                             Financial
                                                13.9    15.0 debt              expansion of our business
      Inventories              8.7     8.7                                     Equity ratio at 39%
      Accounts                                  22.8                           (up 1 percentage point)
     receivable               11.1     10.2             21.7     Other
                                                                 liabilities
   Other assets             4.9        4.5
   Liquid funds             2.8        1.5
                          Mar 31      Dec 31   Mar 31   Dec 31
                           2011        2010     2011     2010



BASF Capital Market Story June 2011                                                                            45
           Backup
           Business overview 2010




BASF Capital Market Story June 2011   46
Excellent segment performance 2010

Segment                                     Sales      Δ         EBITDA           EBITDA              EBIT         Δ
                                                     vs. 2009                     margin             before SI   vs. 2009
€ million


                             Chemicals      11,377    +51%            3,000          26.4%               2,302   +126%


                             Plastics        9,830    +38%            1,721          17.5%               1,284   +123%

                             Performance
                                            12,288    +31%            2,162          17.6%               1,554   +123%
                             Products
                             Functional
                                             9,703    +36%               861           8.9%                467   +123%
                             Solutions
                             Agricultural
                                             4,033    +11%               938         23.3%                 749     (4%)
                             Solutions

                             Oil & Gas      10,791     (5%)           2,977         27.6%*               2,430      +6%

BASF Capital Market Story June 2011                             * Excluding non-compensable oil taxes: 18.5%                47
           Backup
           Capital expenditures




BASF Capital Market Story June 2011   48
Planned capital expenditures
2011-2015


  By segment                                                    By region


                                                  Chemicals                                                      Europe**
   Oil & Gas*                                          15%      Asia Pacific                                         63%
   35%                                                          17%
                                                    Plastics
                                                       14%
                                      €12.6                                                     €12.6
                                      billion   Performance     North America                   billion
   Agricultural                                                 14%
   Solutions                                        Products
                                                        14%                                               Alternative sites
   4%                                                                                                        under review
   Other (Infrastructure, R&D)                    Functional    South America,                                          2%
   12%                                             Solutions    Africa, Middle East
                                                          6%    4%




* Excluding investments in Nord Stream                         ** Thereof ~€4.4 billion for Oil & Gas

BASF Capital Market Story June 2011                                                                                       49

				
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