Denmark
Investors

Full-Year 2017 Reporting
on February 27, 2018

Dear newsletter subscriber,

We are pleased to send you the latest edition of the Investor Relations Magazine. We publish this electronic journal four times a year immediately after the reporting dates. You will continue to receive important news releases by e-mail as soon as they are published.

Best wishes,
Your Investor Relations Team

Latest Publication

Good start for BASF in 2018

  • 4th quarter 2017:
    • Sales of €16.1 billion (plus 8% compared with prior-year quarter)
    • EBIT before special items of €1.9 billion (plus 58% compared with prior-year quarter)
  • Full year 2017:
    • Substantial volume growth in all segments
    • Earnings per share of €6.62 (plus 50%); adjusted earnings per share of €6.44 (plus 33%)
    • Operating cash flow of €8.8 billion (plus 14%); free cash flow of €4.8 billion (plus 34%)
    • Proposed dividend of €3.10 for 2017 financial year (2016: €3.00)
  • Outlook 2018:
    • Slight sales growth, mainly resulting from higher sales volumes
    • EBIT before special items expected to be slightly above 2017 level

Financial Calendar

05/04/2018 - Quarterly Statement 1st Quarter 2018
05/04/2018 - Annual Shareholders’ Meeting 2018
07/27/2018 - Half-Year Financial Report 2018
10/26/2018 - Quarterly Statement 3rd Quarter 2018

Interview on Full Year 2017

Explore the interview of BASF’s Chairman of the Board of Executive Directors Dr. Kurt Bock.

BASF on the capital market

BASF share performance
The BASF share closed the 2017 stock market year with a closing price of €91.74. This equates to a 3.9% rise in the value of BASF shares compared with the previous year’s closing price, which also marked the high for 2016. Assuming that dividends were reinvested, BASF shares gained 7.4% in value in 2017. The benchmark indexes of the German and European stock markets – the DAX 30 and the EURO STOXX 50 – rose by 12.5% and 9.2% over the same period, respectively. The global industry index MSCI World Chemicals gained 23.6%.

Viewed over a 10-year period, the long-term performance of BASF shares still clearly surpasses the German, European and global benchmark indexes. The assets of an investor who invested €1,000 in BASF shares at the end of 2007 and reinvested the dividends in additional BASF shares would have increased to €2,676 by the end of 2017. This represents an annual yield of 10.3%, placing BASF shares above the returns for the DAX 30 (4.8%), EURO STOXX 50 (0.8%) and MSCI World Chemicals (6.8%) indexes.
BASF Stock Chart

Proposed dividend of €3.10 per share
At the Annual Shareholders’ Meeting, the Board of Executive Directors and the Supervisory Board will propose a dividend payment of €3.10 per share. We stand by our ambitious dividend policy and plan to pay out €2.8 billion to our shareholders.

Based on the year-end share price for 2017, BASF shares offer a high dividend yield of around 3.4%. BASF is part of the DivDAX share index, which contains the 15 companies with the highest dividend yield in the DAX 30. We aim to increase our dividend each year, or at least maintain it at the previous year’s level.
More information on dividend

BASF a sustainable investment
Since 2004, BASF has participated in the CDP’s program for reporting on data relevant to climate protection. The international organization CDP represents more than 800 institutional investors who manage over $100 trillion in assets. BASF again achieved a score of A- in 2017, awarding it “Leadership” status. Companies on this level are distinguished by factors such as the completeness and transparency of their reporting. They also have approaches in place for managing the opportunities and risks associated with climate change as well as corporate strategies to reduce emissions. BASF has also reported on water management to CDP since 2010 and was again included in the CDP Water A List in 2017. This assessment includes how transparently companies report on water management activities, the degree to which risks are reduced and the extent to which product developments contribute to sustainable water management at customers. Efficient water use and the development of sustainable local solutions are important elements of BASF’s water stewardship strategy.

BASF continued to be included in the MSCI ESG Ratings in 2017 with a score of AA. MSCI made special mention of BASF’s leading environmental protection programs. The analysts recognized that BASF has made further progress in reducing greenhouse gas emissions and has one of the lowest emissions intensities in the chemical industry.
More information

Analysts’ recommendations
Around 30 financial analysts regularly publish studies on BASF. The latest analyst recommendations for our shares as well as the average target share price ascribed to BASF by analysts can be found online.
Current analyst estimates

BASF Online Report 2017

BASF’s success is supported by both financial and nonfinancial value drivers such as environmental, production-related, personnel and knowledge-based factors, along with aspects of society and partnerships. We want to understand the relationships between these and derive measures to increase the positive impact of our actions and further minimizing the negative effects. This intention forms the basis of our integrated reporting.

The following overview provides examples of how we create value for our company, the environment and society. It is modeled on the framework of the International Integrated Reporting Council (IIRC). Both financial and nonfinancial value drivers form the foundation of our actions. Our business model transforms these principles and actions into results.

Last Update 27 February 2018