BASF India Ltd — Investor Presentation 2026

May 22, 2026

BASF

We create chemistry

BASF India Limited, Mumbai - 400 079, India

May 22, 2026

The Market Operations Department
BSE Limited,
Phiroze Jeejeebhoy Towers
Dalal Street, Mumbai 400 001

Name of the Company : BASF INDIA LIMITED
Security Code No. : 500042

Dear Sir/Madam,

Re: Analyst / Fund Managers Meeting of BASF India Limited.

Further to our letter dated May 19, 2026 on the above-mentioned subject, we enclose herewith the presentation to be made by the Company at the Analyst / Fund Managers meeting held today i.e. May 22, 2026 at 4 p.m.(IST)

Please treat the above information as intimation under Regulation 30 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended.

Thanking You,

Yours faithfully,

For BASF India Limited

MANOHAR
SHRIKANT
KAMATH
Digitally signed by
MANOHAR SHRIKANT
KAMATH
Date: 2026.05.22 15:40:17
+05'30"

PANKAJ
RAJKUMAR
BAHL
Digitally signed by
PANKAJ
RAJKUMAR BAHL
Date: 2026.05.22
15:40:58 +05'30'

Manohar Kamath
Director – Legal, General Counsel (India)
& Company Secretary

Pankaj Bahl
Senior Manager- Legal & Secretarial

Cc: Listing Compliance,
National Stock Exchange of India Limited,
Exchange Plaza, C-1, Block-G,
Bandra Kurla Complex, Bandra – (East).
Mumbai-400051.

Registered Office
BASF India Limited
Unit No. 10A, 10B, 10C (Part)
10th Floor, Godrej One,
Pirojshanagar, Eastern Express Highway,
Vikhroli (East), Mumbai 400 079
Tel +91 22 6834 7000
CIN - L33112MH1943FLC003972
www.basf.com/in

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B

BASF

We create chemistry

Resilience in action, Growth in motion

Analysts / Fund Managers Meeting

BASF India Limited

Alexander Gerding
Managing Director

Narendranath J. Baliga
Chief Financial Officer

Mumbai, May 22nd, 2026

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Introduction to BASF participants present today

Mr. Alexander Gerding

Mr. Narendranath Baliga

Mr. Anil Choudhary

Mr. Manohar Kamath

Managing Director,
BASF India Limited

Chief Financial Officer & Whole-time Director,
BASF India Limited

Whole-time Director & Head of Manufacturing
BASF India Limited

Director- Legal, General Counsel (India) & Company Secretary,
BASF India Limited

Internal

BASF
We create chemistry

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Cautionary note regarding forward-looking statements

• Only matters in the public domain will be discussed.
• As a matter of policy, we do not provide any forecast about the future business situation.
• We do not comment or give guidance on future results or business outlook.

Internal

BASF

We create chemistry

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Nurturing our safety culture and mindset

All sites participated in the annual Manufacturing Meet in April 2026 in Dahej, Gujarat and had an elaborate brainstorming session on multiple topics including safety

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EHS remains our top priority

We maintain a strong safety track record

• No high severity incidents (HSI) and Process Safety Incidents (PSI) from Apr 25 - Apr 26
• 2 Lost Time Injury (LTI) from Apr 25 - Apr 26
• Continued focus on improving the safety leading indicators

EHS = Environment, Health and Safety
LTI: lost time injury
PSI: process safety incident

Internal
Operator filling finished product in a drum in the System House plant at Dahej Site wearing a cartridge mask

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Macro-Economic Context

Until March 2026

• Low inflation, easing interest rates, and GST rationalization supporting consumption

West Asia crisis impact

• Feedstock inflation due to surge in oil and gas prices
• Route disruptions driving up ocean freight
• INR depreciation
• ...

Strait of Hormuz

--> prolonged crisis potentially leading to a drag on growth

Internal

BASF

We create chemistry

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Financial Performance

BASF

We create chemistry

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Our Financial Performance

Consolidated results

Includes discontinued operations (Coatings business)

Internal

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Rs Crores

Segment Revenue

FY 2025-26

Agricultural Solutions

Materials

• Performance Materials
• Monomers

Industrial Solutions

• Dispersions
• Performance Chemicals*

Surface Technologies*

• Coatings

Nutrition & Care

• Care Chemicals
• Nutrition & Health

Chemicals

• Petrochemicals
• Intermediates

*discontinued operations

Internal

The charts are for comparison purpose & not to scale

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Rs Crores

Financial Performance

(QoQ)
Revenue

PBT bEI

Revenue: Higher volumes, but lower price realisation
PBTbEI: Higher volumes coupled with better margins

(YoY)
Revenue

PBT bEI

Revenue: Higher volumes, but lower price realisation
PBTbEI: Impacted due to higher input cost and product mix

PBT bEI: Profit before tax before exceptional items

Discontinued operations : Jan to Mar 26 (Revenue : 162 , PBTbEI : 6) | Apr to Mar 26 (Revenue : 595 , PBTbEI : 3)

Internal

The charts are for comparison purpose & not to scale

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Quarterly Performance

Rs Crores

Revenue from Operations

PBT before Exceptional Items

Discontinued operations : Jan to Mar 26 (Revenue : 162 , PBTbEl : 6) | Apr to Mar 26 (Revenue : 595 , PBTbEl : 3)

Internal

The charts are for comparison purpose & not to scale

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Net Working Capital Development

Discontinued operations : A/R : 166 | Inventory : 133 | A/P : (-) 214 | NWC : 85

Internal

BASF

AN ONSW CENTRAL

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Revenue development by segment

Year ended March 31, 2026

Revenue Apr-Mar 26	Nutrition & Care	Industrial Solutions	*Surface Technologies	Agricultural Solutions	Chemicals	Materials	Others & Unallocated	Revenue Apr-Mar 26
Revenue Apr-Mar 26 (abs.)	3,501	2,946	595	1,944	1,847	4,624	82	15,539
Revenue Apr-Mar 25 (abs.)	2,875	2,795	480	2,065	1,996	4,941	108	15,260
% increase/ decrease	↑ 22%	↑ 5%	↑ 24%	↓ 6%	↓ 7%	↓ 6%	↓ 24%	↑ 2%

*discontinued operations

Internal

The charts are for comparison purpose & not to scale

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PBT bEl development by segment

Year ended March 31, 2026

Rs Crores

PBT bEl Apr-Mar 26 (abs.)	154	185	3	29	31	254	(92)	594
PBT bEl Apr-Mar 25 (abs.)	96	158	(7)	36	65	311	(42)	617
% increase/ decrease	↑ 60%	↑ 17%	↑ >100%	↓ 19%	↓ 52%	↓ 18%	↓>100%	↓ 3%

PBT bEl: Profit before tax & before exceptional items

*discontinued operations

Internal

The charts are for comparison purpose & not to scale

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Key Performance Indicators

Includes discontinued operations

| | FY
25-26 | FY
24-25 | | | FY
25-26 | FY
24-25 |
| --- | --- | --- | --- | --- | --- | --- |
| Receivable
Days | 65 | 62 | EBIT bEI
(%) | 4.0% | 4.2% | |
| Inventory
Days | 82 | 72 | ROCE
(%) | 16.3% | 18.5% | |
| Cash flow generated
from / (used) in
Operations (Rs. Crs) | (110) | 373 | RONOA
(%) | 19.7% | 26.3% | |
| Operating
Expenses (%) | 13.7% | 12.3% | EPS
(in abs. Rs) | 97.1 | 110.7 | |

ROCE: Return on Capital Employed = EBITbEI / Average Capital Employed
RONOA: Return on Net Operating Assets = EBITbEI – interest income / (Avg Capital employed excluding Cash balance and ICD)
Operating Expenses (%): All Costs (excl. COGS) / Revenue from Operations

Internal

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Key Updates

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Cellasto® strengthens its position in India by taking steps for capacity enhancement at Dahej

Cellasto® is a versatile microcellular polyurethane used in automotive, industrial, railway, and other sectors to cushion, dampen vibration, and reduce noise for smoother, quieter performance.

D·BASF

We create chemistry

Internal

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BASF to strengthen local production footprint in India with new dispersions line at Mangalore

BASF is expanding its dispersions production capacity at its Mangalore site with the addition of a new production line to support customers across architectural paints, construction chemicals and paper applications.

Internal

BASF

We create chemistry

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BASF SE Board Visit to India Jan 2026

Interaction with TATA

Interaction with Reliance

Interaction with Maruti Suzuki

Interaction with HCL Tech

Interaction with ICICI Bank

Interaction with the German Ambassador

Interaction with the Industry & Commerce Minister of India

Chemical Industry Roundtable

EU-India Summit

Interaction with CEOs of German Companies in India

Visit to BASF new office

Employee Townhall

Customer dinner

Interaction with BASF India Leadership Team

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BASF Group to set up two new global hubs in Hyderabad, India

BASF leadership hands over the Letter of Intent (Lol) for establishing Global Hubs in Hyderabad to the Hon'ble Minister of Telangana, Sri D. Sridhar Babu

Global Digital Solutions

• BASF Digital Solutions Pvt. Ltd.

Global Business Services

• BASF Global Business Services Pvt. Ltd.

20 22.05.2026 | Optionale Zusatzinformationen
Internal
BASF
We create chemistry

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We intensify our engagement with key customers

BASF showcases innovative and sustainable solutions at PlastIndia 2026, Feb 5th-10th 2026 at Bharat Mandapam in New Delhi

Showcasing BASFs Tinuvin® NOR® technology

Showcasing BASFs Automotive & eMobility solutions

Showcasing trinamiX Mobile Spectroscopy Solutions

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We continue our connect with the industry and associations

BASF participation in McKinsey's third annual flagship summit on 17th February 2026, Mumbai

BASF participation in ICC's 19th India Chemical Industry Outlook Conference & Exhibition 2026, held on 11–12 March 2026, Mumbai

Internal

BASF

We create chemistry

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BASF committed to driving impact through SDGs

SDG 13: Climate Action

BASF India concluded its impactful Kids' Lab program in Chennai, held from January 19–30, 2026, bringing immersive and experiential chemistry learning to the students.

SDG 4: Quality Education

BASF India, in partnership with Somaiya Vidyavihar (SVV) and the Indian Chemical Council (ICC), proudly celebrated the continued success of its flagship initiative We-Chemie, empowering young women in chemistry.

SDG – Sustainable Development Goals

Internal

BASF

We create chemistry

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De-merger of AP business from BIL into separate listed legal entity BASF Agricultural Solutions India Limited (BASIL).

• 2nd Feb 2026: Demerger was cleared by SEBI & Stock Exchanges (No-Objection Letters received)
• 16th February 2026: Applications were filed with National Company Law Tribunal
• 8th April 2026: NCLT has passed favorable orders dispensing the holding of BIL’s Creditors Meeting and also gave directions to convene BIL’s Shareholders Meeting via audio-visual means
• 24th June 2026 fixed as date of BIL’s shareholders meeting (Voting Period: 19 June to 23 June 2026)
• Share Entitlement Ratio 1:1; Demerger to be completed during FY 26-27

Next Steps

Internal

BASF

We create chemistry

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For the love of farming, the biggest job on Earth

BASF
the create chemistry

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Safety remains a top priority

Suraksha Hamesha (BASF Flagship stewardship program) sets an industry benchmark

More than 998,300 farmers trained

More than 70,500 students covered

Over 46,300 women farmers trained

Participation of more than 7,000 agriculture department officials

Over 133,000 spray men trained

More than 4,000 channel partners reached

>>> ~ 60 M digital outreach

Data : Cumulative for last 10 years

Internal

BASF

We create chemistry

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Major trends shaping Indian agriculture

Increasing demand for food with increase in population

Government focus to reduce food loss and wastage

Government focus to enhance agri export

Focus to scale up of agricultural productivity & farmer income

Farmers focus on safety & quality to improve income-F&V

Increasing demand for feedstock crops due to robust policy support for biofuels

Rising income & change in consumer food preference-F&V, legumes and oilseeds

Increase in adoption of technology by farmers

Agrochemical exports are projected to increase significantly

Source: McKinsey paper: Value creation in Indian agriculture, June 2025

FICCI-McKinsey India's Century Report

Secondary research

Internal

BASF

Bureate chemistry

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Innovation remains our core strength

12 new products launched in last four years

2022	Exponus®	Chilli, Tomato, Brinjal, Cabbage, Grapes, Soybean, Red Gram, Corn
	Vesnit® Complete	Sugarcane, Corn
2023	Facet®	Rice
2024	Pirate®	Chilli, Brinjal, Cotton
	Efficon®	Cotton, Chili, Tomato, Brinjal, Cucumber
	Imunit®	Soybean, Chili, Tomato
2025	Valexio®	Rice
	Mibelya®	Rice
	Meritor®	Cereals, Oilseeds, Vegetables, Cotton, Pulses, Fruit & Plantation Crops
	Clearfield® - Kifix ®	Mustard
	Seclira®	Professional & Specialty Solutions segment
	Storm®	Professional & Specialty Solutions segment

Insecticide

Fungicide

Herbicide

Bio-stimulant

Others

Internal

BASF

We create chemistry

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Diversified presence across multiple segments & crops

Key segments

Key crops

Key segments

• 12 new products launched across key segments in the last 4 years
• Strengthened insecticides portfolio (Exponus, Pirate, Imunit, Efficon, Valexio)
• Entered bio-stimulants segment with Meritor
• Introduced Clearfield Mustard, India's first herbicide-tolerant technology

Key crops

• Re-entered rice segment with new insecticide & fungicide
• Drove F&V growth via new insecticide launches
• Expanded sugarcane presence with herbicides
• Increased focus on demand generation and retail reach

BASF

We create chemistry

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30
• BASF
The Create chemistry

Deep channel engagement critical for success

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West Asia conflict affecting Indian agriculture in multiple ways

Fertilizer risk & cost inflation
Disrupted Gulf supplies (urea, DAP, LNG, sulphur) raising prices and subsidy pressure ahead of Kharif

PRESSURE on crop protection products cost and availability
Sharp cost inflation, supply-chain disruption has led to shortages & increased cost of cultivation

Export disruption of Ag produce
Rice, fresh fruits like grapes & pomegranate, vegetables like onion, spices like chilli & cumin experiencing massive export hurdles

PRESSURE on farm profitability
Shortages of farm inputs & increase in cost of cultivation, potentially leading to lower usage - impacting yield/ quality

D·BASF

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2026 - Priorities

Product safety and Stewardship - continue educating farmers

Stick to fundamentals - demand generation, business quality

Invest to grow market share in Rice and F&V (grapes, apple, tomato)

Keep our strong position in Corn and Chili

Expand the Insecticide business

Grow in Bio-stimulants segment with new launches

Smooth transition to the new LE and listing in India

Internal

BASF

We create chemistry

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Update on India Coatings business

• Automotive OEM Coatings and Automotive Refinish Coatings business is carried out under BASF India Coatings Pvt Ltd (Wholly Owned Subsidiary of BASF India Ltd) since 1st January 2025.
• As of 31st March 2026, the said business generated sales of Rs. 595 crore representing 4% of the consolidated sales.
• Globally, BASF will reinvest in the coatings business holding 40% equity stake in the new Global Coatings Standalone Company under Carlyle.
• In India, the valuation of the Coatings business is arrived at Rs.230.16 crores, based on Independent valuation.
• Transaction is expected to close by Q2 of calendar year 2026, subject to customary regulatory approvals.
• Post Closing, BASF India Coatings Pvt Limited, will cease to be a wholly owned subsidiary of BASF India Limited.

BASF and Carlyle reach binding transaction agreement on coatings business to create a leading standalone company

BASF and funds managed by global investment firm Carlyle (NASDAQ: CG), in partnership with Qatar Investment Authority (QIA), have entered into a binding agreement relating to BASF's automotive OEM coatings, automotive refinish coatings, and surface treatment businesses ("BASF Coatings"). The enterprise value of the transaction amounts to €7.7 billion. Subject to customary regulatory approvals, the transaction is expected to close in Q2 2026.

Internal

BASF

We create chemistry

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Priorities for the year ahead

Operational Efficiencies	External Stakeholder Engagement	People
• Maintain safety track-record
• Sustain profitable growth, high asset utilization and margin management
• Control working capital
• Drive sustainability	• Intensify engagement with business partners and suppliers
• Drive industry voice and advocacy efforts
• Continue community outreach	• Focus on employees
• Fortify talent pipeline
• Promote D&I

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Internal

BASF

We create chemistry