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BMW GROUP

INVESTOR PRESENTATION

July 2018
STRATEGY NUMBER ONE NEXT.

We are Number ONE.


We inspire people on the move: We shape
tomorrow’s individual premium mobility.

BMW Group Investor Presentation, July 2018 Page 2


ACES ARE A CORE ELEMENT OF STRATEGY NUMBER ONE > NEXT.

AUTONOMOUS CONNECTED

ELECTRIFIED CUSTOMER FOCUS SHARED / SERVICES

BMW Group Investor Presentation, July 2018 Page 3


BMW GROUP’S ELECTRIFICATION PATHWAY.

 BMW iNext

 Roll-out BMW i Performance


 Upgrade BMW i3
 LCI BMW i3, new BMW i3s  BMW i Vision Dynamics/
 MINI Electric (PHEV) BMW i4
 MINI BEV
 BMW iX3

 Building-up expertise
 Technology innovation
 Project i

I. PIONEERING II. ELECTRIFICATION OF CORE PORTFOLIO III. SCALABILITY AND FLEXIBILITY


Battery Electric Vehicles (BEV)
BMW Group Investor Presentation, July 2018 Plug-in Hybrid Vehicles (PHEV) Page 4
Life Cycle Impulse (LCI)
OUR FUTURE IS ELECTRIC.
AMBITIOUS TARGETS FOR SALES OF ELECTRIFIED VEHICLES.

>140,000
2018 500,000
103,000
2017 BY THE END OF 2019
ON THE ROAD

62,000
2016
32,000 ELECTRIFIED
VEHICLES
2015
17,800 YTD-06/2018
2014 60,660
311 ELECTRIFIED
2013
VEHICLES SOLD

BMW Group Investor Presentation, July 2018 Electrified vehicles = Battery electric vehicles & Plug-in Hybrid vehicles Page 5
OUR CLEAR ROADMAP:
25 ELECTRIFIED MODELS BY 2025, INCLUDING 12 FULLY ELECTRIC CARS.

Fully electric
BMW i Vision Dynamics/
BMW i4
BMW iX3**

BMW i3 BMW i3 BMW i3s


MINI BEV** BMW iNext
60 Ah / 22 kWh 94 Ah / 33 kWh 94 Ah / 33.2 kWh

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

BMW i8 BMW 530Le China* BMW 225xe BMW X1 xDrive25Le


BMW i8 Roadster
iPerformance iPerformance (China)

BMW X5 BMW 330e BMW 530e BMW 530Le


xDrive40e iPerformance iPerformance iPerformance (China)
iPerformance
Schematic illustration of future launch dates
* Not in series production any more
** MINI Battery Electric Vehicle & BMW iX3 are Concept Cars

Plug-in hybrid BMW 740e MINI Cooper S E


iPerformance Countryman ALL4
BMW Group Investor Presentation, July 2018 Page 6
BMW i8 ROADSTER.
BMW i8 COUPÉ.

BMW Group Investor Presentation, July 2018 Page 7


MINI ELECTRIC CONCEPT.
MINI COUNTRYMAN PLUG-IN HYBRID.

BMW Group Investor Presentation, July 2018 Page 8


THE BMW i VISION DYNAMICS WILL BE BUILT AS i4 IN MUNICH.
A NEW FORM OF ELECTRIFYING DRIVING PLEASURE.

BMW Group Investor Presentation, July 2018 Page 9


THE BMW CONCEPT iX3.
ELECTRIC MOBILITY ARRIVES AT THE CORE OF BMW.

BMW Group Investor Presentation, July 2018 Page 10


BMW i. FROM “BORN ELECTRIC” TO “ONE PLATFORM SERVES ALL”.
IN THE TRANSITION TO ELECTROMOBILITY, NON-DEDICATED ARCHITECTURES
ARE THE PREREQUISITE FOR FLEXIBLE PRODUCTION.
2013 FROM
“Born electric” 2021 ON
One platform
fits all powertrain
derivatives…

Combustion engine Plug-In-Hybrid Pure electric

BMW Group Investor Presentation, July 2018 Schematic illustration Page 11


WHAT WILL DRIVE THE ACCEPTANCE AND THE PROFITABILITY OF E-MOBILITY
GOING FORWARD…

+ ACCEPTANCE
OF EVS
Regulation favors E-Mobility with
purchasing or tax incentives or non cash benefits
like parking, commuter lanes,..
+ PROFITABILITY OF Utilization of the pricing
EVS potential of BEV/PHEVs

Optimization of the Charging


Infrastructure
Increase in volume/sales due to
Cost Reduction due to technological Improvement in Production BMW i /iPerformance Rollout with 25
Smart and Efficient, advancement, supplier consolidation and
Efficiency due to flexible electrified Models by 2025
Increase of charging points manufacturing efficiency
architecture and less complexity

Driving Range Extension with new storage Decrease in Battery


topologies and motor configurations. An improved Costs due to new Material Costs Reduction
drive range would lead to higher usability and easier innovations and scalability due to higher supply and higher
adoption. volume

Time Outlook Time Outlook

BMW Group Investor Presentation, July 2018 Page 12


THE NEXT STEPS ARE HIGHLY AND FULLY AUTONOMOUS DRIVING.

0 1 2 3 4 5

Driver Feet off Hands off Eyes off Mind off Passenger

Partially Highly Fully


No assistance Assisted Autonomous
automated automated automated

Human Transfer of responsibility Machine

BMW Group Investor Presentation, July 2018 Page 13


HD-MAP, SENSORS, AI/ENVIRONMENT MODEL AND MOTION CONTROL PLAY
A KEY ROLE IN THE ARCHITECTURE OF AUTOMATED DRIVING.

AI / ENVIRONMENT VEHICLE
HD-MAP BACKEND SENSORS
MODEL INTEGRATION

 centimeter precision  camera  object fusion  motion control


 real-time capable  radar  free space detection  safe vehicle management
 highly available and reliable  lidar  road model up to the limits
 ultra-sonic  prediction  fail operational architecture
 inertial sensor  driving strategy / planning

Cross-industry Cooperation. Cooperation for development of autonomous driving platform

System Integrator
* *

BMW Group Investor Presentation, July 2018 *The acquisition is still subject to approval by the antitrust authorities. Page 14
MOBILITY SERVICES.

 Options for strategic


development.

 100 million active


customers by 2025.

 A complete,
all-inclusive DriveNow ChargeNow
ecosystem for
our customers.

 Agreement with
Daimler AG to form
Mobility Services
Joint Venture.*
*Subject to approval by relevant authorities.

ParkNow ReachNow
BMW Group Investor Presentation, July 2018 Page 15
THE LARGEST MODEL OFFENSIVE IN THE COMPANY’S HISTORY. 40 AUTOMOBILE
LAUNCHES IN 2017 AND 2018 & ATTRACTIVE MOTORCYCLE LAUNCHES.

BMW M760Li BMW 5 Series MINI BMW 4 Series BMW 1 Series BMW 2 Series
Countryman

BMW 6 Series BMW X3 BMW M5 BMW X2 BMW i3s Rolls-Royce


Gran Turismo Phantom

BMW Group Investor Presentation, July 2018 Page 16


AND WE WILL KEEP THE MOMENTUM ROLLING…

BMW i8 BMW BMW X7* BMW Z4* BMW K1600 Rolls Royce …
Roadster 8 Series* Grand America Cullinan

BMW Group Investor Presentation, July 2018 *Concept cars Page 17


BMW 8 SERIES.
THE PINNACLE OF SPORTS PERFORMANCE AND EXCLUSIVITY.

BMW Group Investor Presentation, July 2018 Page 18


BMW CONCEPT M8 GRAN COUPE.
A NEW INTERPRETATION OF LUXURY FOR THE BMW BRAND.

BMW Group Investor Presentation, July 2018 Page 19


MODEL OFFENSIVE.
STRONG GROWTH IN THE X FAMILY.

BMW X2 BMW X3 BMW X4

BMW X5 BMW X6 BMW Concept X7 iPerformance

BMW Group Investor Presentation, July 2018 Page 20


THE BMW CONCEPT Z4.
FREEDOM ON FOUR WHEELS.

BMW Group Investor Presentation, July 2018 Page 21


THE NEW ROLLS-ROYCE PHANTOM.
PURSUIT OF PERFECTION, VISIONARY ENGINEERING & AESTHETIC ACUITY.

BMW Group Investor Presentation, July 2018 Page 22


GLOBAL ANNUAL PREMIUM SEGMENT SALES ARE EXPECTED TO GROW AT A
CAGR OF 2.6% TO 9.97 MN UNITS BY 2022.
12,000

10,000
Rest of World, CAGR +5.0%
BRIKT*, CAGR +8.5%
8,000

China, CAGR +3.9%

6,000
Japan, CAGR +2.6%
Region (‘000 units) 2017 2022 Change
World 8,781 9,972 14% North America, CAGR +2.3%
4,000
Rest of World 668 853 28%
BRIKT* 438 660 51%
China (Mainland) 2,387 2,885 21%
2,000 Japan 225 256 14%
North America 1,954 2,189 12% Western Europe, CAGR +0.1%
Western Europe 3,109 3,128 1%

0
2017 2018 2019 2020 2021 2022

BMW Group Investor Presentation, July 2018 Source: Global Insight 09/2017 *BRIKT refers to Brazil, Russia, India, South Korea and Turkey Page 23
BMW GROUP SALES CONTINUE TO GROW THROUGH JUNE 2018.

1,242,507 +1.8%

1,059,296 +2.0%

181,430 +0.1%

1,781 +13.1%

86,975 -1.6%

BMW Group Investor Presentation, July 2018 Sales figures YTD 06/2018 Page 24
BMW GROUP AUTOMOTIVE: BALANCED SALES DISTRIBUTION AND SOLID
YTD-06/2018 GROWTH OF +1.8% TO A NEW RECORD OF 1,242,507 VEHICLES.
Asia (w/o China)
Americas Europe Mainland China
& Rest of World

+1.2%

+2.2%
+3.9%
-0.1%

18% 45% 24% 13%

225,471 units 561,683 units 299,801 units 155,552 units

BMW Group Investor Presentation, July 2018 Rolls Royce is included in “Rest of World”, YTD 06/2018 (figures may not add to 100% due to rounding) Page 25
BMW GROUP AUTOMOTIVE MAJOR MARKETS.
DELIVERIES TO CUSTOMERS YTD-06/2018.

Deliveries of automobiles YTD-06/2018 YTD-06/2017 Change in %

Europe 561,683 554,854 1.2


thereof Germany 1) 157,236 156,344 0.6
Great Britain 124,075 125,377 -1.0

Americas 225,471 216,993 3.9


thereof USA 176,022 171,291 2.8

Asia 423,148 415,262 1.9


thereof China Mainland 299,801 293,280 2.2
thereof BBA retail sales 215,218 186,966 15.1

Rest of the World (incl. RR) 2) 32,205 33,718 -4.5

Total 1,242,507 1,220,827 1.8

BMW Group Investor Presentation, July 2018 1) Registrations 2) Rolls-Royce sales are included in “Rest of the World” Page 26
BMW AND MINI RETAIL SALES DEVELOPMENT IN MAINLAND CHINA YTD 06/2018.
Share of JV Sales (through BMW Brilliance Automotive)

62% 59% 53% 48% 32% 41% 43% 51% 61% 61% 61% 65% 64% 72%

+15.1%
594.4
+11.4%
in ‘000 units
Import JV Sales +1.7% 516.4
+16.7 %
456.0 463.7
+19.7 %
390.7 384.1
+2.2%
+40.3 % 316.2
326.4
275.9 282.0 293.3 299.8
+37.6 % 198.5
232.6 141.2
+86.7 %
187.0 215.2
169.0 94.4
+37.5 %
+27.5 % 53.7
+41.9%
90.5 200.2 210.3
65.8 185.3 192.2 180.1 181.7
51.6 43.7 115.3 138.2
36.4 35.2 106.3 84.6
22.6 30.6
30.7 46.8
13.8 21.0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2017 YTD 2018 YTD
BMW Group Investor Presentation, July 2018 Page 27
GROWTH IN CHINA DESPITE MARKET NORMALIZATION.
GROWTH OF DEALER NETWORK AND FURTHER LOCALIZATION.
6 MODELS IN LOCAL PRODUCTION

5 SERIES X1

BMW and MINI outlets in China


(as of 31 December 2017)
3 SERIES 2 SERIES ACTIVE TOURER

Outlet BMW MINI


North 105 31
East 114 26
Southeast 95 19
West 142 31
1 SERIES SEDAN X3
South 142 28
Total 598 135

BMW Group Investor Presentation, July 2018 Page 28


AUTOMOBILE PRODUCTION BY PLANT IN 2017.

0% 3%
7%
Munich, Germany BMW 3, 4 series 196,455
8% Dingolfing, Germany BMW 3, 4, 5, 6, 7 series 376,580

2% Regensburg, Germany BMW 1, 2, 3, 4 series, X1, X2 338,259

15% Leipzig, Germany BMW 1, 2 series, i3, i8 246,043


9%
Rosslyn, South Africa BMW 3 series, X3*** 53,105

Spartanburg, USA BMW X3, X4, X5, X6 371,316

Dadong, China* BMW 5 series 127,440


11% Tiexi, China* BMW 1, 2, 3 series , X1 269,309

13% Oxford, UK MINI Hatch, MINI Clubman 223,817

Graz, Austria (Magna Steyr)** BMW 5series 50,272


5%
Born, Netherlands (VDL Nedcar)** MINI Hatch, Conv., Countryman; BMW X1 168,969

10% Goodwood, UK Rolls-Royce 3,308


15% 2% Assembly plants 80,868
Sum 2,505,741

*Joint venture BMW Brilliance Automotive Ltd., Shenyang


** Contract production
BMW Group Investor Presentation, July 2018
*** X3 production as of 04/2018
Page 29
BMW MOTORRAD.
WIDER RANGE THAN EVER BEFORE.

URBAN
ADVENTURE TOUR SPORT ROADSTER HERITAGE MOBILITY

BMW Group Investor Presentation, July 2018 Page 30


BMW GROUP FINANCIAL SERVICES AT A GLANCE.

Global Presence as of 12/2017 Business Lines as of 12/2017

Global Operations in 58 Countries

Retail Finance Dealer Finance


€ 88.8 bn € 19.2 bn

~ 4.9 Million Serviced Retail Contracts

Fleet Business Multi Make Financing


EU Bank
21% € 12.4 bn € 6.7 bn
Americas 28%

18% Asia, Pacific


EMEA 33%
Insurance Customer Deposits
3.6 mn contracts € 10.4 bn

BMW Group Investor Presentation, July 2018 Page 31


SIGNIFICANT CONTRIBUTION OF FINANCIAL SERVICES TO BMW GROUP PROFIT.

Earnings before Tax (EBT) Financial Services


[in mn €]
2,207
2,166
SF
19%
1,975
3)
1,790 1,723
1,561
4) 1,619
439
124
2)
1,214
122

743

365

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
-292 1)
1) FY-08 EBT includes a negative effect of EUR 1,057 million from additional credit and residual value risk provisions.
2) FY-10 EBT includes a positive effect of EUR 122 million from better than expected off-lease business.
BMW Group Investor Presentation, July 2018
3) FY-11 EBT includes a positive effect of EUR 439 million from adjustment of residual value and credit risk provisions and a better than expected off-lease business. Page 32
4) FY-12 EBT includes a positive effect of EUR 124 million from better than expected off-lease business.
BMW GROUP FINANCIAL SERVICES.
SOLID DEVELOPMENT OF CREDIT LOSS RATIO.
Credit loss ratio*
[in %]
0.84

0.67

0.59

0.49 0.50
0.48
0.46 0.46
0.41
0.37
0.34
0.32

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

* Definition Credit Loss Ratio : credit losses in relation to the average serviced portfolio. Credit losses: all write offs, meaning the lost receivable including accumulated interest and other costs
BMW Group Investor Presentation, July 2018
less utilized collateral. Income related to the recovery process after write off is also taken into consideration. Page 33
BMW GROUP FINANCIAL YEAR 2017.
KEY FINANCIALS UNDERLINE BMW GROUP’S STRONG OPERATING PERFORMANCE.

FY-2017 FY-2017 FY-2016


BMW Group Change in %
adjusted* reported reported
Earnings before tax – Group (in m€) 10,675 10,655 9,665 +10.2
EBT margin (in %) – Group 10.9 10.8 10.3 +0.5 pp
Payout Ratio (in %) – Group 30.2 30.2 33.3 -3.1 pp
Automotive Segment
Automotive sales (units) 2,463,526 2,463,526 2,367,603 +4.1
Earnings before interest and tax (EBIT) (in m€) 7,888 7,863 7,695 +2.2
EBIT margin (in %) 9.2 8.9 8.9 -
Net financial assets (m€)* 19,787 19,787 19,520 +1.4
Motorcycles Segment
Sales (units) 164,153 164,153 145,032 +13.2
Earnings before interest and tax (EBIT) (in m€) 207 207 187 +10.7
EBIT margin (in %) 9.1 9.1 9.0 +0.1 pp
Financial Services
Earnings before tax (EBT) (in m€) 2,207 2,207 2,166 +1.9
Return on Equity (in %) 18.1 18.1 21.2 -3.1 pp
Penetration rate (in %)** 46.8 46.8 49.6 -2.8 pp
Credit loss ratio (in %)** 0.34 0.34 0.32 +0.02 pp

*restated according to new IFRS-15-Standard


BMW Group Investor Presentation, July 2018 **as of 31 December 2016/2017 Page 34
BMW GROUP Q1-2018.
DESPITE THE INCREASING UNCERTAINTIES IN THE INTERNATIONAL ENVIRONMENT,
THE BMW GROUP MAINTAINED ITS SUCCESSFUL COURSE IN Q1-2018.
BMW Group Q1-2018 Q1-2017* Change in %
Earnings before tax – Group (in m€) 3,165 3,180 -0.5
EBT margin (in %) – Group 13.9 13.3 +0.6 pp
Automotive Segment
Automotive sales (units) 604,629 587,237 +3.0
Earnings before interest and tax (EBIT) (in m€) 1,881 1,877 +0.2
EBIT margin (in %) 9.7 9.4 +0.3 pp
Motorcycles Segment
Sales (units) 35,858 35,636 +0.6
Earnings before interest and tax (EBIT) (in m€) 77 125 -38.4
EBIT margin (in %) 14.7 20.2 -5.5 pp
Financial Services
Earnings before tax (EBT) (in m€) 561 595 -5.7
Penetration rate (in %) 47.3 49.2 -1.9 pp
Credit loss ratio (in %) 0.18 0.33 -0.15 pp

BMW Group Investor Presentation, July 2018 *restated according to new IFRS-15-Standard Page 35
AUTOMOTIVE SEGMENT EBIT MARGIN AT 9.7%.
CORE BUSINESS REMAINS ON TRACK FOR SUCCESS.

15.0
14.4
14.0

13.0

12.0 11.9 11.6 11.6 11.7


11.9
11.0
10.5
10.2 9.9 10.1*
10.0
9.6 9.6 9.5 9.5 9.6 9.4 9.5 9.7
9.6 9.1 9.4* 8.7*
9.0 Target corridor
9.0 9.2 9.1 8.5 8.6*
9.4 8.3 8% - 10%
8.1 8.2 8.4
8.0

7.0
Q1/10 Q3/10 Q1/11 Q3/11 Q1/12 Q3/12 Q1/13 Q3/13 Q1/14 Q3/14 Q1/15 Q3/15 Q1/16 Q3/16 Q1/17 Q3/17 Q1/18

BMW Group Investor Presentation, July 2018 *restated according to IFRS-15 standard Page 36
EBIT BRIDGE IN AUTOMOTIVE SEGMENT SHOWS POSITIVE
EFFECTS FROM VOLUME AND MODEL MIX.

EBIT bridge + 675 Volume/Mix/Market


[in m€]
+ 233 Net effect from exchange
7,863
rates/commodities

7,695
EBIT EBIT
MARGIN - 373 Other operating income and expenses MARGIN
8.9% +3 Depreciation 8.9%
- 370 Other cost changes

2016 2017*

*as reported;
BMW Group Investor Presentation, July 2018 Restated value for FY-2017: 7,881 Page 37
FREE CASH FLOW IN AUTOMOTIVE SEGMENT REMAINS STRONG,
DESPITE SIGNIFICANTLY HIGHER INVESTMENTS.
Free Cash Flow (Automotive)*
[in m€]

5,792
5,404

4,471 4,459
3,809
3,481
3,166 3,003 Target:
> 3 billion
2,277

1,456
1,156

197

2006 2007 2008 2009** 2010 2011** 2012 2013** 2014 2015 2016 2017

* Definition: Free cash flow corresponds to the cash inflow from operating activities of the Automobiles segment less the cash outflow for investing activities of the Automobiles segment adjusted for net
BMW Group Investor Presentation, July 2018 investment in marketable securities and term deposits. 2009 – 2015 as reported, 2007 & 2008 calculated according to above definition from reported figures. No cash flow reporting on segment level in 2006. Page 38
** 2009, 2011, 2013 figures have been adjusted in accordance with IAS 8.
THE BMW GROUP IS COMMITTED TO PLAYING A KEY ROLE IN TOMORROW’S
MOBILITY AND IS INVESTING SUBSTANTIAL AMOUNTS IN NEW TECHNOLOGIES.
R&D Expenditure* R&D Ratio**
[in m€, HGB] [in %, HGB]
7,000 7.0

6.5 6.2
6.3
6,000 5.6 5.5 6.0
5.7
5.6
5.4 6,108
Target ratio:
5,169
5,000 5.1 5.0 5%-5.5 %
4.8 4.9 4,566
4.6 4,792 5,164
3,952
4,000 4.0

3,208 3,373
3,144
3,000
2,864 2,773 3.0
2,448
2,000 2.0

1,000 1.0

0 0.0

2006 2007 2008 2009 2010 2011 2012 2013*** 2014 2015 2016 2017

HGB: German Commercial Code


* R&D Expenditure: Research and development expenses plus capitalized research and development cost minus amortization of capitalized development costs.
BMW Group Investor Presentation, July 2018 ** R&D Ratio: R&D expenditure divided by Group revenues. Page 39
*** 2013 figures have been adjusted in accordance with IAS 8.
TIGHT MANAGEMENT OF CAPITAL EXPENDITURE TO ACHIEVE TARGET RATIO.

BMW Group Capital Expenditure* Capex Ratio**


[in m€] [in %]
6,000 10

9
4,967
5,000
4,601 4,688 8

4,151
7
4,000 3,826 3,731
5.6 6.5 6
5.2
5.7 5.7 Target ratio:
3,000 2,980 4.7 2,720 5.4 5

2,933
<5%
2,777 2,383 2,312 4.8
4
4.0 4.2 4.0
2,000 3.8
3

2
1,000

0 0

2006 2007 2008 2009 2010 2011 2012 2013*** 2014 2015 2016 2017

* Capital Expenditure: additions to property, plant and equipment and other intangible assets (definition has been changed in 2016).
BMW Group Investor Presentation, July 2018 ** Capital expenditure ratio: Capital expenditure divided by Group revenues. Page 40
*** 2013 figures have been adjusted in accordance with IAS 8.
OUTLOOK FOR 2018: POSITIVE BUSINESS DEVELOPMENT
EXPECTED TO CONTINUE IN ALL SEGMENTS.

BMW GROUP AUTOMOTIVE MOTORCYCLES FINANCIAL SERVICES

Pre-tax earnings at least Slight increase in deliveries Slight increase in deliveries Return on equity of at least
at previous year’s level* and revenues compared to compared to the previous 14%, slight decrease
the previous year year
EBIT margin in target EBIT margin in target
corridor of 8-10% corridor of 8-10%

*If approved by the relevant authorities in the course of this year, the formation of the joint venture between BMW Group and Daimler AG to combine mobility services will trigger a one-time valuation and earnings effect in
BMW Group Investor Presentation, July 2018 BMW AG’s group financial statement and thus lead to an adjustment of the company’s guidance: Under these circumstances, pre-tax earnings on Group level would increase slightly in 2018 compared with the previous year. Page 41
MAINTAINING THE AUTOMOTIVE EBIT MARGIN IN THE CORRIDOR OF 8-10%
DESPITE ONGOING CHALLENGES.

Market and
Regulatory
Future costs competitive Volatility
requirements
environment

10 %

FOCUS & Ongoing efficiency


PERFORMANCE measures to compensate
the cost burden
8%

Expansion & optimization Retail sales growth Reduction of Reduction of Benefits from Efficiency
product portfolio Autos and Motorcycles complexity material costs digitalization measures
BMW Group Investor Presentation, July 2018 Page 42
BMW GROUP’S FINANCE STRATEGY COVERS THE ENTIRE
AUTOMOTIVE VALUE CHAIN.

BMW GROUP CORPORATE FINANCE STRATEGY REFLECTS THE INDUSTRIAL NATURE OF THE BUSINESS
AND IS FOCUSED ON THE ENTIRE AUTOMOTIVE VALUE CHAIN.

Automotive value chain

Research & Development Production Sales & Marketing Financial Services

BMW Group Investor Presentation, July 2018 Page 43


DIVERSIFIED FUNDING MIX WITH A COMBINATION OF INDUSTRY AND BANK
TYPICAL FINANCING INSTRUMENTS.
Funding Instruments Financial Debt as of 31.12.2017

Derivative Other
Commercial
<1yr 1yr 2yrs 3yrs 4yrs 5yrs 7yrs 10yrs+ instruments 1%
paper
1%
5%
CP (EMTN) PPs Bonds

Banks loans
Liabilities from
ABCP ABS
customer
deposits
Customers deposits
14%
Bonds
Fed
Funds
BCD’s Liabilities to 48%
banks 94.6 bn €
13%
Industry-typical Bank-typical
instruments instruments

ABS
18%

BMW Group continues to target a well diversified debt structure

BMW Group Investor Presentation, July 2018 Page 44


BMW GROUP INVESTOR RELATIONS.
CONTACTS.

Torsten Schüssler Bernd Daser Mariam Kremer


Head of Investor Relations Debt & Equity IR Debt & Equity IR

+49-89-382-25387 +49-89-382-31684 +49-89-382-96136


torsten.schuessler@bmw.de bernd.daser@bmw.de mariam.kremer@bmw.de

Patrick Neumayer Tanja Seiler Andreas Stöffler


Debt & Equity IR Equity & SRI IR Equity IR
Americas

+1-201-307-4210 +49-89-382-75161 +49-89-382-17944


patrick.neumayer@bmwna.com tanja.seiler@bmw.de andreas.stoeffler@bmw.de

IR Contact
BMW Group Investor Relations
http://www.bmwgroup.com/ir
Petuelring 130
80788 Munich ir@bmwgroup.com

BMW Group Investor Presentation, July 2018 Page 45


BMW GROUP INVESTOR RELATIONS.
FINANCIAL CALENDAR 2018 & 2019.

04.05.2018 Quarterly Report to 31 March 2018

17.05.2018 Annual General Meeting 2018

02.08.2018 Quarterly Report to 30 June 2018

07.11.2018 Quarterly Report to 30 September 2018

20.03.2019 Annual Accounts Press Conference

21.03.2019 Analyst and Investor Conference

BMW Group Investor Presentation, July 2018 Page 46


DISCLAIMER.

This document contains forward-looking statements that reflect BMW Group’s current views about future events. The words
“anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” “may,” ”can,” “could,” “plan,” “project,” “should” and
similar expressions are used to identify forward-looking statements.

These statements are subject to many risks and uncertainties or may be affected by factors outside BMW Group’s control,
including adverse developments in global economic conditions resulting in a decline in demand in BMW Group’s key
markets, including China, North America and Europe; a deterioration in credit and financial markets; a shift in consumer
preferences affecting demand for BMW Group’s products; changes in the prices of fuel or raw materials; disruption of
production due to shortages of materials, labor strikes or supplier insolvencies; the effective implementation of BMW
Group’s strategic goals and targets; changes in laws, regulations and government policies, particularly those relating to
vehicle emissions, fuel economy and safety; and other risks and uncertainties, including those described under the heading
“Report on Risks and Opportunities” in BMW Group’s most recent Annual Report.

If any of these risks and uncertainties materializes or if the assumptions underlying any of BMW Group’s forward-looking
statements prove to be incorrect, actual results may be materially different from those BMW Group expresses or implies by
such statements. BMW Group does not intend or assume any obligation to update these forward-looking statements.

BMW Group Investor Presentation, July 2018 Page 47