Restated Quarterly Figures for 2017 and 2018 Statement of Income BASF Group 2017 The signing of the definitive agreement between BASF and LetterOne to merge their oil and gas businesses has an immediate effect on the reporting of BASF Group and thus on this quarterly statement: The sales and EBIT of the oil and gas business are no longer included in the respective figures for the BASF Group – retroactively as of January 1, 2018, and with the prior-year figures restated. Until closing, the Wintershall Group’s income after taxes will be presented in the income before minority interests of the BASF Group as a separate item (“income before minority interests from discontinued operations”). The assets and liabilities of the oil and gas business were reclassified to a disposal group as of the end of the third quarter, and depreciation and amortization of its assets has been suspended from this date onward. (XLS:) Download Statement of income (million €) 1st quarter 2017 2nd quarter 2017 3rd quarter 2017 4th quarter 2017 Full year 2017 Restated Previous Restated Previous Restated Previous Restated Previous Restated Previous Sales revenue 16,027 16,857 15,449 16,264 14,516 15,255 15,231 16,099 61,223 64,475 Cost of sales (10,834) (11,482) (10,591) (11,198) (9,878) (10,421) (10,288) (10,828) (41,591) (43,929) Gross profit on sales 5,193 5,375 4,858 5,066 4,638 4,834 4,943 5,271 19,632 20,546 Selling expenses (1,993) (2,017) (2,052) (2,069) (1,998) (2,015) (2,139) (2,161) (8,182) (8,262) General administrative expenses (324) (343) (352) (373) (330) (351) (324) (345) (1,330) (1,412) Research and development expenses (416) (424) (459) (468) (449) (455) (519) (541) (1,843) (1,888) Other operating income 293 307 559 601 714 731 3 277 1,569 1,916 Other operating expenses (560) (598) (571) (683) (821) (884) (630) (784) (2,582) (2,949) Income from companies accounted for using the equity method 99 151 67 107 70 98 87 215 323 571 Income from operations (EBIT) 2,292 2,451 2,050 2,181 1,824 1,958 1,421 1,932 7,587 8,522 Income from other shareholdings 10 10 13 14 5 5 (1) 2 27 31 Expenses from other shareholdings (5) (5) (8) (8) (6) (6) (38) (41) (57) (60) Net income from shareholdings 5 5 5 6 (1) (1) (39) (39) (30) (29) Interest income 62 74 33 38 40 55 42 59 177 226 Interest expenses (137) (153) (119) (137) (111) (128) (125) (142) (492) (560) Interest result (75) (79) (86) (99) (71) (73) (83) (83) (315) (334) Other financial income 11 19 9 19 10 16 9 16 39 70 Other financial expenses (90) (97) (90) (100) (122) (127) (97) (105) (399) (429) Other financial result (79) (78) (81) (81) (112) (111) (88) (89) (360) (359) Financial result (149) (152) (162) (174) (184) (185) (210) (211) (705) (722) Income before taxes and minority interests 2,143 2,299 1,888 2,007 1,640 1,773 1,211 1,721 6,882 7,800 Income taxes (517) (527) (455) (443) (380) (364) 62 (114) (1,290) (1,448) Income before minority interests from continuing operations 1,626 – 1,433 – 1,260 – 1,273 – 5,592 – Income before minority interests from discontinued operations 146 – 131 – 149 – 334 – 760 – Income before minority interests 1,772 1,772 1,564 1,564 1,409 1,409 1,607 1,607 6,352 6,352 Minority interests (63) (63) (68) (68) (73) (73) (70) (70) (274) (274) Net income 1,709 1,709 1,496 1,496 1,336 1,336 1,537 1,537 6,078 6,078 Earnings per share from continuing operations 1.71 – 1.49 – 1.30 – 1.34 – 5.84 – Earnings per share from discontinued operations 0.15 – 0.14 – 0.15 – 0.34 – 0.78 – Earnings per share 1.86 1.86 1.63 1.63 1.45 1.45 1.68 1.68 6.62 6.62 Statement of Income BASF Group 2018 (XLS:) Download Statement of income (million €) 1st quarter 2018 2nd quarter 2018 Restated Previous Restated Previous Sales revenue 15,700 16,646 15,783 16,782 Cost of sales (10,714) (11,259) (10,906) (11,478) Gross profit on sales 4,986 5,387 4,877 5,304 Selling expenses (1,969) (1,988) (2,133) (2,151) General administrative expenses (322) (344) (354) (374) Research and development expenses (424) (428) (444) (449) Other operating income 671 715 527 553 Other operating expenses (729) (909) (626) (683) Income from companies accounted for using the equity method 50 88 59 91 Income from operations (EBIT) 2,263 2,521 1,906 2,291 Income from other shareholdings 12 12 15 16 Expenses from other shareholdings (5) (5) (6) (6) Net income from shareholdings 7 7 9 10 Interest income 37 50 41 58 Interest expenses (107) (118) (131) (139) Interest result (70) (68) (90) (81) Other financial income 7 10 8 12 Other financial expenses (125) (135) (119) (143) Other financial result (118) (125) (111) (131) Financial result (181) (186) (192) (202) Income before taxes and minority interests 2,082 2,335 1,714 2,089 Income taxes (501) (577) (353) (566) Income before minority interests from continuing operations 1,581 – 1,361 – Income before minority interests from discontinued operations 177 – 162 – Income before minority interests 1,758 1,758 1,523 1,523 Minority interests (79) (79) (43) (43) Net income 1,679 1,679 1,480 1,480 Earnings per share from continuing operations 1.65 – 1.44 – Earnings per share from discontinued operations 0.18 – 0.17 – Earnings per share 1.83 1.83 1.61 1.61 Additional Indicators for Results of Operations (XLS:) Download EBITDA before special items (million €) 1st quarter 2017 2nd quarter 2017 3rd quarter 2017 4th quarter 2017 Full year 2017 Restated Previous Restated Previous Restated Previous Restated Previous Restated Previous EBIT 2,292 2,451 2,050 2,181 1,824 1,958 1,421 1,932 7,587 8,522 – Special items (6) (6) (70) (70) 122 198 (104) 72 (58) 194 EBIT before special items 2,298 2,457 2,120 2,251 1,702 1,760 1,525 1,860 7,645 8,328 + Depreciation, amortization and valuation allowances on property, plant and equipment and intangible assets before special items 737 1,050 752 1,040 815 1,033 789 1,076 3,093 4,199 EBITDA before special items 3,035 3,507 2,872 3,291 2,517 2,793 2,314 2,936 10,738 12,527 (XLS:) Download EBITDA before special items (million €) 1st quarter 2018 2nd quarter 2018 Restated Previous Restated Previous EBIT 2,263 2,521 1,906 2,291 – Special items (18) 9 (66) (65) EBIT before special items 2,281 2,512 1,972 2,356 + Depreciation, amortization and valuation allowances on property, plant and equipment and intangible assets before special items 732 927 737 939 EBITDA before special items 3,013 3,439 2,709 3,295 (XLS:) Download EBITDA (million €) 1st quarter 2017 2nd quarter 2017 3rd quarter 2017 4th quarter 2017 Full year 2017 Restated Previous Restated Previous Restated Previous Restated Previous Restated Previous EBIT 2,292 2,451 2,050 2,181 1,824 1,958 1,421 1,932 7,587 8,522 + Depreciation, amortization and valuation allowances on property, plant and equipment and intangible assets 738 1,051 764 1,052 831 1,049 845 1,050 3,178 4,202 EBITDA 3,030 3,502 2,814 3,233 2,655 3,007 2,266 2,982 10,765 12,724 (XLS:) Download EBITDA (million €) 1st quarter 2018 2nd quarter 2018 Restated Previous Restated Previous EBIT 2,263 2,521 1,906 2,291 + Depreciation, amortization and valuation allowances on property, plant and equipment and intangible assets 732 927 739 941 EBITDA 2,995 3,448 2,645 3,232 (XLS:) Download EBIT after cost of capital 2017: quarters (million €) Restated Previous 1st quarter 1,135 987 2nd quarter 806 684 3rd quarter 735 693 4th quarter 226 363 Full year 2,902 2,727 (XLS:) Download EBIT after cost of capital 2017: full year (million €) Restated Previous EBIT of BASF Group 7,587 8,522 – EBIT of Other (691) (799) – Cost of capital 5,376 6,594 EBIT after cost of capital 2,902 2,727 (XLS:) Download EBIT after cost of capital 2018: quarters (million €) Restated Previous 1st quarter 1,025 1,120 2nd quarter 699 792 First half 1,724 1,912 (XLS:) Download Adjusted earnings per share (million €) 1st quarter 2017 2nd quarter 2017 3rd quarter 2017 4th quarter 2017 Full year 2017 Restated Previous Restated Previous Restated Previous Restated Previous Restated Previous Income before minority interests 1,772 1,772 1,564 1,564 1,409 1,409 1,607 1,607 6,352 6,352 – Special items (6) (6) (70) (70) 122 198 (104) 72 (58) 194 + Amortization and valuation allowances on intangible assets 127 141 130 142 123 134 159 199 539 616 – Amortization and valuation allowances on intangible assets contained in special items 0 0 0 0 (4) (4) 36 63 32 59 – Adjustments to income taxes 48 51 66 69 13 (11) 410 414 537 523 – Adjustments to income before minority interests from discontinued operations (11) – (9) – 41 – 167 – 188 – Adjusted income before minority interests 1,868 1,868 1,707 1,707 1,360 1,360 1,257 1,257 6,192 6,192 – Adjusted minority interests 63 63 69 69 69 69 76 76 277 277 Adjusted net income 1,805 1,805 1,638 1,638 1,291 1,291 1,181 1,181 5,915 5,915 Weighted average number of outstanding shares (in thousands) 918,479 918,479 918,479 918,479 918,479 918,479 918,479 918,479 918,479 918,479 Adjusted earnings per share (€) 1.97 1.97 1.78 1.78 1.40 1.40 1.29 1.29 6.44 6.44 (XLS:) Download Adjusted earnings per share (million €) 1st quarter 2018 2nd quarter 2018 Restated Previous Restated Previous Income before minority interests 1,758 1,758 1,523 1,523 – Special items (18) 9 (66) (65) + Amortization and valuation allowances on intangible assets 121 134 119 130 – Amortization and valuation allowances on intangible assets contained in special items 0 0 0 0 – Adjustments to income taxes 38 32 49 53 – Adjustments to income before minority interests from discontinued operations 8 – (6) – Adjusted income before minority interests 1,851 1,851 1,665 1,665 – Adjusted minority interests 79 79 43 43 Adjusted net income 1,772 1,772 1,622 1,622 Weighted average number of outstanding shares (in thousands) 918,479 918,479 918,479 918,479 Adjusted earnings per share (€) 1.93 1.93 1.77 1.77 Regional Data 2017 (XLS:) Download Sales by location of company (million €) 1st quarter 2017 2nd quarter 2017 3rd quarter 2017 4th quarter 2017 Full year 2017 Restated Previous Restated Previous Restated Previous Restated Previous Restated Previous Europe 7,643 8,332 7,153 7,827 6,651 7,276 6,598 7,343 28,045 30,778 of which Germany 4,919 5,235 4,743 5,000 4,560 4,832 4,441 4,806 18,663 19,873 North America 4,371 4,371 4,261 4,261 3,466 3,466 3,839 3,839 15,937 15,937 Asia Pacific 3,317 3,317 3,336 3,336 3,389 3,389 3,616 3,616 13,658 13,658 South America, Africa, Middle East 696 837 699 840 1,010 1,124 1,178 1,301 3,583 4,102 BASF Group 16,027 16,857 15,449 16,264 14,516 15,255 15,231 16,099 61,223 64,475 (XLS:) Download Sales by location of customer (million €) 1st quarter 2017 2nd quarter 2017 3rd quarter 2017 4th quarter 2017 Full year 2017 Restated Previous Restated Previous Restated Previous Restated Previous Restated Previous Europe 7,230 7,920 6,830 7,481 6,244 6,869 6,203 6,944 26,507 29,214 of which Germany 1,922 2,208 1,812 2,040 1,764 2,010 1,661 2,101 7,159 8,359 North America 4,230 4,230 4,061 4,061 3,361 3,361 3,705 3,705 15,357 15,357 Asia Pacific 3,530 3,530 3,513 3,513 3,540 3,540 3,760 3,760 14,343 14,343 South America, Africa, Middle East 1,037 1,177 1,045 1,209 1,371 1,485 1,563 1,690 5,016 5,561 BASF Group 16,027 16,857 15,449 16,264 14,516 15,255 15,231 16,099 61,223 64,475 (XLS:) Download Income from operations (EBIT) by location of company (million €) 1st quarter 2017 2nd quarter 2017 3rd quarter 2017 4th quarter 2017 Full year 2017 Restated Previous Restated Previous Restated Previous Restated Previous Restated Previous Europe 1,312 1,421 1,317 1,399 984 986 477 936 4,090 4,742 of which Germany 816 825 619 617 273 270 130 201 1,838 1,913 North America 513 513 337 337 159 158 227 228 1,236 1,236 Asia Pacific 496 496 498 498 636 636 579 579 2,209 2,209 South America, Africa, Middle East (29) 21 (102) (53) 45 178 138 189 52 335 BASF Group 2,292 2,451 2,050 2,181 1,824 1,958 1,421 1,932 7,587 8,522 Regional Data 2018 (XLS:) Download Sales by location of company (million €) 1st quarter 2018 2nd quarter 2018 Restated Previous Restated Previous Europe 7,713 8,523 7,359 8,203 of which Germany 5,002 5,349 4,628 4,954 North America 3,963 3,963 4,079 4,079 Asia Pacific 3,356 3,356 3,641 3,641 South America, Africa, Middle East 668 804 704 859 BASF Group 15,700 16,646 15,783 16,782 (XLS:) Download Sales by location of customer (million €) 1st quarter 2018 2nd quarter 2018 Restated Previous Restated Previous Europe 7,238 8,048 6,879 7,721 of which Germany 1,910 2,254 1,790 2,116 North America 3,833 3,833 3,957 3,957 Asia Pacific 3,566 3,566 3,794 3,794 South America, Africa, Middle East 1,063 1,199 1,153 1,310 BASF Group 15,700 16,646 15,783 16,782 (XLS:) Download Income from operations (EBIT) by location of company (million €) 1st quarter 2018 2nd quarter 2018 Restated Previous Restated Previous Europe 1,397 1,580 1,149 1,475 of which Germany 631 633 512 520 North America 317 317 266 266 Asia Pacific 588 588 523 523 South America, Africa, Middle East (39) 36 (32) 27 BASF Group 2,263 2,521 1,906 2,291 back next
