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Global
Investors
Segment Data and Regional Results
BASF Report 2022
Chemicals
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1
Million € |
2022 | 2021 | +/- |
| Sales to third parties | 14,895 | 13,579 | 9.7% |
of which Petrochemicals |
10,546 | 9,674 | 9.0% |
Intermediates |
4,349 | 3,904 | 11.4% |
Intersegment transfers |
4,860 | 4,269 | 13.8% |
| Sales including transfers | 19,754 | 17,848 | 10.7% |
| Income from operations before depreciation, amortization and special itemsa | 2,774 | 3,842 | –27.8% |
| Income from operations before depreciation and amortization (EBITDA)a | 2,771 | 3,882 | –28.6% |
| EBITDA margin (%) | 18.6 | 28.6 | − |
| Depreciation and amortizationb | 1,013 | 767 | 32.1% |
| Income from operations (EBIT)a | 1,758 | 3,115 | –43.6% |
| Special items | –198 | 23 | . |
| EBIT before special itemsa | 1,956 | 3,092 | –36.7% |
| Return on Capital Employed (ROCE, %)a | 15.6 | 33.9 | − |
| Assetsa | 10,481 | 10,482 | 0.0% |
| Investments including acquisitionsc | 1,701 | 1,157 | 47.0% |
| Research and development expenses | 93 | 97 | –4.1% |
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 €118 million in 2021 and increased these indicators in the Petrochemicals division accordingly. 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
Million € |
2022 | 2021 | +/- |
| Sales to third parties | 18,443 | 15,214 | 21.2% |
of which Performance Materials |
8,567 | 7,292 | 17.5% |
Monomers |
9,877 | 7,922 | 24.7% |
| Intersegment transfers | 1,742 | 1,250 | 39.4% |
| Sales including transfers | 20,186 | 16,464 | 22.6% |
| Income from operations before depreciation, amortization and special items | 2,686 | 3,208 | –16.3% |
| Income from operations before depreciation and amortization (EBITDA) | 2,660 | 3,162 | –15.9% |
| EBITDA margin (%) | 14.4 | 20.8 | − |
| Depreciation and amortizationa | 884 | 817 | 8.2% |
| Income from operations (EBIT) | 1,776 | 2,345 | –24.3% |
| Special items | –63 | –73 | 13.3% |
| EBIT before special items | 1,840 | 2,418 | –23.9% |
| Return on Capital Employed (ROCE, %) | 14.9 | 22.8 | − |
| Assets | 10.864 | 11.286 | –3.7% |
| Investments including acquisitionsb | 880 | 709 | 24.1% |
| Research and development expenses | 201 | 193 | 4.0% |
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
Industrial Solutions
Million € |
2022 | 2021 | +/- |
| Sales to third parties | 9,992 | 8,876 | 12.6% |
of which Dispersions & Resins |
6,019 | 5,681 | 6.0% |
Performance Chemicals |
3,973 | 3,195 | 24.3% |
| Intersegment transfers | 507 | 420 | 20.7% |
| Sales including transfers | 10,499 | 9,296 | 12.9% |
| Income from operations before depreciation, amortization and special items | 1,437 | 1,343 | 7.0% |
| Income from operations before depreciation and amortization (EBITDA) | 1,443 | 1,344 | 7.4% |
| EBITDA margin (%) | 14.4 | 15.1 | − |
| Depreciation and amortizationa | 346 | 380 | –8.8% |
| Income from operations (EBIT) | 1,097 | 965 | 13.7% |
| Special items | 6 | –42 | . |
| EBIT before special items | 1,091 | 1,006 | 8.4% |
| Return on Capital Employed (ROCE, %) | 16.0 | 15.2 | − |
| Assets | 6,318 | 6,302 | 0.2% |
| Investments including acquisitionsb | 322 | 361 | –10.8% |
| Research and development expenses | 172 | 175 | –1.5% |
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
Million € |
2022 | 2021 | +/- |
| Sales to third parties | 21,283 | 22,659 | –6.1% |
of which Catalysts |
17,062 | 19,219 | –11.2% |
Coatings |
4,220 | 3,440 | 22.7% |
| Intersegment transfers | 198 | 171 | 15.6% |
| Sales including transfers | 21,481 | 22,831 | –5.9% |
| Income from operations before depreciation, amortization and special items | 1,464 | 1,277 | 14.6% |
| Income from operations before depreciation and amortization (EBITDA) | 1,264 | 1,243 | 1.6% |
| EBITDA margin (%) | 5.9 | 5.5 | − |
| Depreciation and amortizationa | 651 | 483 | 35.0% |
| Income from operations (EBIT) | 612 | 761 | –19.5% |
| Special items | –290 | –39 | –637.1% |
| EBIT before special items | 902 | 800 | 12.7% |
| Return on Capital Employed (ROCE, %) | 3.9 | 5.6 | − |
| Assets | 14,899 | 13,769 | 8.2% |
| Investments including acquisitionsb | 740 | 1,469 | –49.6% |
| Research and development expenses | 335 | 296 | 13.1% |
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
Nutrition & Care
Million € |
2022 | 2021 | +/- |
| Sales to third parties | 8,066 | 6,442 | 25.2% |
of which Care Chemicals |
5,619 | 4,439 | 26.6% |
Nutrition & Health |
2,447 | 2,003 | 22.2% |
| Intersegment transfers | 588 | 491 | 19.8% |
| Sales including transfers | 8,654 | 6,933 | 24.8% |
| Income from operations before depreciation, amortization and special items | 1,067 | 909 | 17.4% |
| Income from operations before depreciation and amortization (EBITDA) | 1,055 | 967 | 9.1% |
| EBITDA margin (%) | 13.1 | 15.0 | − |
| Depreciation and amortizationa | 450 | 413 | 8.8% |
| Income from operations (EBIT) | 605 | 554 | 9.3% |
| Special items | –13 | 57 | . |
| EBIT before special items | 618 | 497 | 24.3% |
| Return on Capital Employed (ROCE, %) | 7.5 | 8.2 | − |
| Assets | 8,038 | 7,231 | 11.2% |
| Investments including acquisitionsb | 642 | 654 | –1.8% |
| Research and development expenses | 172 | 172 | –0.3% |
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
Million € |
2022 | 2021 | +/- |
| Sales to third parties | 10,280 | 8,162 | 25.9% |
| Intersegment transfers | 40 | 40 | 1.4% |
| Sales including transfers | 10,320 | 8,202 | 25.8% |
| Income from operations before depreciation, amortization and special items | 1,928 | 1,375 | 40.2% |
| Income from operations before depreciation and amortization (EBITDA) | 1,922 | 1,358 | 41.6% |
| EBITDA margin (%) | 18.7 | 16.6 | − |
| Depreciation and amortizationa | 701 | 662 | 5.9% |
| Income from operations (EBIT) | 1,221 | 696 | 75.5% |
| Special items | 1 | –19 | . |
| EBIT before special items | 1,220 | 715 | 70.6% |
| Return on Capital Employed (ROCE, %) | 7.1 | 4.5 | − |
| Assets | 17,071 | 15,305 | 11.5% |
| Investments including acquisitionsb | 414 | 347 | 19.0% |
| Research and development expenses | 944 | 904 | 4.4% |
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
Othera
| Million € | 2022 | 2021 | +/- |
Sales |
4,368 | 3,666 | 19.2% |
| Income from operations before depreciation, amortization and special itemsb |
–594 | –607 | 2.2% |
Income from operations before depreciation and amortization (EBITDA)b |
–368 | –602 | 38.9% |
Depreciation and amortizationc |
155 | 157 | –1.4% |
Income from operations (EBIT)b |
–523 | –759 | 31.1% |
Special items |
226 | 3 | . |
EBIT before special itemsb |
–749 | –761 | 1.6% |
of which costs for cross-divisional corporate research |
–325 | –355 | 8.5% |
costs of corporate headquarters |
–258 | –255 | –1.2% |
other businesses |
–43 | 62 | . |
foreign currency results, hedging and other measurement effects |
33 | –62 | . |
miscellaneous income and expenses |
–156 | –151 | –3.3% |
Assetsb, d |
16,803 | 23,007 | –27.0% |
Investments including acquisitionse |
268 | 183 | 46.8% |
Research and development expenses |
381 | 378 | 0.7% |
a Information on the composition of Other can be found in Note 5 to the Consolidated Financial Statements.
b 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 €118 million in 2021 and increased these indicators in the Petrochemicals division accordingly (rounding differences are possible). 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.
c Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
d Includes assets of businesses recognized under Other and reconciliation to assets of the BASF Group
e Additions to property, plant and equipment and intangible assets
| Million € | Sales by location of company |
Sales by location of customer |
||||
|
2022 |
2021 |
+/– |
2022 |
2021 |
+/– |
Europe |
35,821 | 31,594 | 13.4% | 33,922 | 30,531 | 11.1% |
of which Germany |
15,170 | 12,722 | 19.2% | 8,977 | 7,300 | 23.0% |
North America |
24,343 | 21,935 | 11.0% | 23,869 | 20,867 | 14.4% |
| Asia Pacific | 21,309 | 20,632 | 3.3% | 21,823 | 21,234 | 2.8% |
of which Greater China |
11,850 | 12,018 | –1.4% | 11,624 | 12,036 | –3.4% |
South America, Africa, Middle East |
5,854 | 4,437 | 31.9% | 7,712 | 5,965 | 29.3% |
BASF Group |
87,327 | 78,598 | 11.1% | 87,327 | 78,598 | 11.1% |