Other

Q1 2022

Sales in Other rose considerably compared with the first quarter of 2021. This was largely due to a considerable increase in sales from other businesses. A significant contributing factor was higher energy sales at BASF Antwerpen.

Income from operations (EBIT) before special items rose considerably. This was mainly the result of positive valuation effects for the long-term incentive program in the first quarter of 2022. Expenses arose from the program in the prior-year quarter.

Q1 financial data – Other (Million €)

2022

2021

+/–

Sales to third parties

940

783

20.0%

Income from operations before depreciation, amortization and special items^a

–478

–556

14.0%

Income from operations before depreciation and amortization (EBITDA)^a

–494

–570

13.3%

Depreciation and amortization^b

13.6%

Income from operations (EBIT)^a

–534

–604

11.5%

Special items

–16

–1.4%

EBIT before special items^a

–518

–589

12.1%

of which costs for cross-divisional corporate research

–73

–69

–5.8%

costs of corporate headquarters

–64

–58

–10.3%

other businesses

200.0%

foreign currency results, hedging and other measurement effects

–53

miscellaneous income and expenses

–416

–410

–1.4%

Assets (March 31)^{a, c}

23,476

23,333

0.6%

Investments including acquisitions^d

42.7%

Research and development expenses

7.5%

a	BASF’s ethylene value chain was reorganized 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. For more information, see basf.com/publications
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

BASF Quarterly Statement Q1 2022

Other

Q1 2022

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