Global
Investors

Segment Data and Regional Results

Quarterly Statement Q3 2022

Chemicals

  Q3
January – September

Million €

2022 2021 +/- 2022 2021 +/-
Sales to third parties

3,793

3,693

2.7%

12,145

9,848

23.3%

of which Petrochemicals

2,764

2,648

4.4%

8,670

7,052

22.9%

      Intermediates

1,029

1,045

–1.5%

3,476

2,796

24.3%

Income from operations before depreciation, amortization and special itemsa

527

1,070

–50.7%

2,625

3,031

–13.4%

Income from operations before depreciation and amortization (EBITDA)a

526

1,068

–50.8%

2,620

3,070

–14.7%

Depreciation and amortizationb

203

190

7.1%

590

550

7.3%

Income from operations (EBIT)a

322

877

–63.2%

2,031

2,520

–19.4%

Special items

–1

–5

38

.

EBIT before special itemsa

323

878

–63.2%

2,035

2,482

–18.0%

Assets (September 30)a

11,493

9,738

18.0%

11,493

9,738

18.0%

Investments including acquisitionsc

412

248

  66.1%

954

619

   54.1%

Research and development expenses

21

22

–2.6%

71

73

–2.5%

a BASF’s ethylene value chain was reorganized internally as of January 1, 2022. In this connection, the polyolefins and styrenics businesses of the joint venture BASF-YPC Company Ltd., Nanjing, China, which were previously reported under Other, were allocated to the Petrochemicals division. The prior-year figures have been adjusted. This reduced income from integral companies accounted for using the equity method, EBITDA before special items, EBITDA, EBIT and EBIT before special items in Other by €28 million in the first quarter of 2021 and increased these indicators in the Petrochemicals division accordingly (rounding differences are possible). The effect was €28 million in both the second and third quarters of 2021 and €34 million in the fourth quarter of 2021. The effect in full-year 2021 was €118 million. The operating assets were also reallocated as part of the reorganization and increased the Chemicals segment’s assets by €114 million as of December 31, 2021.

b Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)

c Additions to property, plant and equipment and intangible assets

Materials

  Q3
January – September

Million €

2022 2021 +/- 2022 2021 +/-
Sales to third parties

4,715

3,973

18.7%

14,399

11,163

29.0%

of which Performance Materials

2,262

1,873

  20.8%

6,604

5,417

21.9%

      Monomers

2,453

2,100

16.8%

7,794

5,746

  35.6%

Income from operations before depreciation, amortization and special items

489

832

–41.2%

2,317

2,680

–13.5%

Income from operations before depreciation and amortization (EBITDA)

484

822

–41.1%

2,293

2,636

–13.0%

Depreciation and amortizationa

212

202

5.0%

622

606

2.6%

Income from operations (EBIT)

272

620

–56.1%

1,671

2,030

–17.7%

Special items

–4

–11

59.4%

–24

–65

62.4%

EBIT before special items

277

631

–56.2%

1,696

2,095

–19.1%

Assets (September 30)a

12,096

10,620

13.9%

12,096

10,620

13.9%

Investments including acquisitionsb

152

166

–8.4%

495

421

17.5%

Research and development expenses

52

48

8.3%

146

142

2.6%

a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)

b Additions to property, plant and equipment and intangible assets

Industrial Solutions

  Q3
January – September

Million €

2022 2021 +/- 2022 2021 +/-
Sales to third parties

2,687

2,205

21.8%

7,823

6,672

17.3%

of which Dispersions & Resins

1,606

1,399

14.8%

4,744

4,322

9.8%

      Performance Chemicals

1,080

806

  34.0%

3,079

2,350

  31.0%

Income from operations before depreciation, amortization and special items

389

347

12.1%

1,229

1,085

13.3%

Income from operations before depreciation and amortization (EBITDA)

398

315

26.3%

1,220

1,082

12.7%

Depreciation and amortizationa

89

86

3.4%

258

254

1.7%

Income from operations (EBIT)

309

229

34.9%

962

828

16.1%

Special items

10

–33

.

–9

–7

–26.8%

EBIT before special items

299

262

14.2%

971

835

16.2%

Assets (September 30)

7,063

6,010

17.5%

7,063

6,010

17.5%

Investments including acquisitionsb

74

83

–11.3%

192

215

–10.5%

Research and development expenses

42

39

8.4%

129

129

–0.1%

a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)

b Additions to property, plant and equipment and intangible assets

Surface Technologies

  Q3
January – September

Million €

2022 2021 +/- 2022 2021 +/-
Sales to third parties

5,333

5,631

–5.3%

16,236

17,470

–7.1%

of which Catalysts

4,213

4,793

–12.1%

13,149

14,952

–12.1%

      Coatings

1,120

838

33.7%

3,087

2,518

22.6%

Income from operations before depreciation, amortization and special items

380

245

54.9%

1,145

1,114

2.8%

Income from operations before depreciation and amortization (EBITDA)

337

229

47.2%

1,032

1,095

–5.8%

Depreciation and amortizationa

141

125

12.4%

494

346

42.8%

Income from operations (EBIT)

197

104

88.9%

538

749

–28.2%

Special items

–43

–15

–184.6%

–195

–19

–925.9%

EBIT before special items

239

119

  101.0%

733

768

–4.6%

Assets (September 30)

16,132

13,788

17.0%

16,132

13,788

17.0%

Investments including acquisitionsb

191

960

–80.1%

436

1,158

–62.4%

Research and development expenses

74

69

7.5%

255

204

    25.0%

a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)

b Additions to property, plant and equipment and intangible assets

Nutrition & Care

  Q3
January – September

Million €

2022 2021 +/- 2022 2021 +/-
Sales to third parties

2,123

1,598

32.8%

6,167

4,715

30.8%

of which Care Chemicals

1,517

1,108

36.9%

4,341

3,250

33.6%

      Nutrition & Health

605

490

23.6%

1,827

1,465

24.7%

Income from operations before depreciation, amortization and special items

291

206

41.3%

967

761

27.1%

Income from operations before depreciation and amortization (EBITDA)

287

207

38.9%

963

815

18.2%

Depreciation and amortizationa

110

102

7.6%

330

301

9.6%

Income from operations (EBIT)

178

105

  69.3%

633

514

23.1%

Special items

–3

1

.

–4

54

.

EBIT before special items

180

104

73.3%

637

460

38.6%

Assets (September 30)

8,460

6,911

22.4%

8,460

6,911

22.4%

Investments including acquisitionsb

161

196

–17.8%

404

414

–2.5%

Research and development expenses

39

39

0.5%

124

122

1.7%

a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)

b Additions to property, plant and equipment and intangible assets

Agricultural Solutions

  Q3
January – September

Million €

2022 2021 +/- 2022 2021 +/-
Sales to third parties

2,142

1,593

34.5%

7,998

6,402

24.9%

Income from operations before depreciation, amortization and special items

188

74

153.8%

1,625

1,284

26.6%

Income from operations before depreciation and amortization (EBITDA)

164

120

36.9%

1,592

1,288

23.6%

Depreciation and amortizationa

165

164

0.6%

520

493

5.5%

Income from operations (EBIT)

–1

–44

98.3%

1,072

795

34.8%

Special items

–8

46

.


–26

3

.


EBIT before special items

7

–90

.


1,098

792

38.6%

Assets (September 30)

17,860

15,368

16.2%

17,860

15,368

16.2%

Investments including acquisitionsb

113

91

23.8%

245

224

9.2%

Research and development expenses

225

223

0.9%

698

667

4.7%

a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)

b Additions to property, plant and equipment and intangible assets

Other

  Q3
January – September
Million €  2022 2021 +/-
2022 2021 +/-

Sales

1,153

976

18.2%

3,235

2,552

26.8%

Income from operations before depreciation, amortization and special itemsa

62

–2

.

–548

–787

30.3%

Income from operations before depreciation and amortization (EBITDA)a

58

–31

.

–361

–881

59.0%

Depreciation and amortizationb

40

38

5.8%

116

105

10.0%

Income from operations (EBIT)a

17

–68

.

–477

–987

51.7%

Special items

–5

–31

  85.0%

187

–96

.

EBIT before special itemsa

22

–39

.

–664

–892

25.6%

of which costs for cross-divisional corporate research

–73

–76

3.9%

–220

–223

1.3%

costs of corporate headquarters

–65

–65

0.0%

–198

–184

–7.6%

other businesses

7

15

–53.3%

–21

64

.

foreign currency results, hedging and other measurement effects

38

–41

.

125

–72

.

miscellaneous income and expenses

115

128

–9.9%

–350

–477

26.7%

Assets (September 30)a, c

23,928

23,667

1.1%

23,928

23,667

1.1%

Investments including acquisitionsd

52

48

9.3%

141

117

20.9%

Research and development expenses

91

83

9.3%

258

242

6.7%

a BASF’s ethylene value chain was reorganized internally as of January 1, 2022. In this connection, the polyolefins and styrenics businesses of the joint venture BASF-YPC Company Ltd., Nanjing, China, which were previously reported under Other, were allocated to the Petrochemicals division. The prior-year figures have been adjusted. This reduced income from integral companies accounted for using the equity method, EBITDA before special items, EBITDA, EBIT and EBIT before special items in Other by €28 million in the first quarter of 2021 and increased these indicators in the Petrochemicals division accordingly (rounding differences are possible). The effect was €28 million in both the second and third quarters of 2021 and €34 million in the fourth quarter of 2021. The effect in full-year 2021 was €118 million. The operating assets were also reallocated as part of the reorganization and increased the Chemicals segment’s assets by €114 million as of December 31, 2021.

b Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)

c Contains assets of businesses recognized under Other as well as reconciliation to assets of the BASF Group

d Additions to property, plant and equipment and intangible assets

Million € Sales
by location of company
Sales
by location of customer

Q3

2022

2021

+/–

2022

2021

+/–

Europe

8,759

7,651

14.5 %

8,306

7,343

13.1 %

of which Germany

3,904

3,159

23.6 %

2,467

1,677

47.1 %

North America

5,841

5,313

9.9 %

5,684

5,127

10.9 %

Asia Pacific

5,405

5,238

3.2 %

5,517

5,412

1.9%

of which Greater China

2,985

3,121

–4.4%

2,910

3,157

–7.8%

South America, Africa, Middle East

1,942

1,467

32.4%

2,440

1,787

36.5%

BASF Group

21,946

19,669

11.6%

21,946

19,669

11.6%

 

 

 

 

 

 

 

January – September

 

 

 

 

 

 

Europe

28,359

23,853

18.9%

26,932

22,905

17.6%

of which Germany

11,925

9,545

24.9%

6,807

5,394

26.2%

North America

19,042

16,842

13.1%

18,679

16,196

15.3%

Asia Pacific

16,399

14,980

9.5%

16,761

15,450

8.5%

of which Greater China

9,156

8,653

5.8%

8,956

8,724

2.7%

South America, Africa, Middle East

4,203

3,147

33.6%

5,631

4,271

31.8%

BASF Group

68,003

58,822

15.6%

68,003

58,822

15.6%

Last Update October 26, 2022