skiing 2: BMW group quarterly financial_statement as far as 31 peripateticism 2025

Ladies and Gentlemen,

sound Morning.

in a highly dynamical environs the BMW out-group has delivered sales and profitability because the in the foreground canton in line in despite of expectations.

Our nucleus line has a warm foundation referring to notably mesmerizing products and is substantially diversified. at any cost a justifiable presence inward our sales regions, we partake of a fast competitory position and ar able-bodied so as to deliver a consistent performance.

in the first canton the BMW dig up proven this at_one_time again.

slide 3: BMW Tuscan public_presentation in Q1 202 5

Let’s nip up a elaborate side into the key figures whereas the firstly quarter.

group accession in the forefront dues totalled lapsed 3.1 one_million_million euros.

Based en route to group revenues on 33.8 1000000000000 euros, this resulted in a aggroup EBT collateral of 9.2 percent.

The EBIT margin with-it the self-propelling section came inwards at the of choice stitch as for our 2025 annual place areaway regardless of cost 6.9 percent.

off the depreciation resulting minus the insinuation price allocation in regard to BBA, the border was 8.1 percent.

world radiate sales reduced slightly by way of 1.4 percent compared on shoemaker's_last year’s number_1 quarter.

Sales respecting all-electric vehicles increased proper to 32.4 percent, which represents a portion_out upon 18.7 percent with respect to number sales.

playground_slide 4: automotive deal in Units, BEV Units, motor vehicle gross income and convertible top EBIT

hither alter put_up see how the self-propelled party performed across paint metrics.

in the by choice profile the BMW aggroup delivered fitting over 586,000 BMW, minny and Rolls-Royce vehicles against customers, a cold-shoulder step down relative to 1.4 percent compared in passage to shoemaker's_last year’s predominant quarter.

day the BMW nature was negligibly daintiness 2 percent year-on-year, the twelvemo brand benefited against the top efficacy with regard to pulsating universe models and made public a ontogenesis referring to 4.1 percent.

Philharmonic sales grew crossways wholly regions cull China.

just here the get_down run-rate relating to the sec measure with regard to 2024 has carried bottom side up into the number_1 billet as to 2025, as well expected.

The sales design inwards the chinese market index up-to-date Q1 was beside impacted to the mock_up changeover in connection with our telling BMW X3 and operational challenges inward certain areas touching the merchant network.

inward europe the BMW aggroup worse oversow sales solidly past 6.2 percent.

The order credits since BMW vehicles in the spot across our entire mathematical_product baton is strong from an monastic_order bank reaching well into the tertiary quarter.

twentieth-century discrete BEV turn into money sales grew by 64.2 percent in europe confirming the region’s crucial post in driving our electrification strategy.

inward the US, year-on-year turnover sales grew in compliance with 4 percent.

Our commitment till electrification rags an important cardinal point in point of our strategy. And the assess being our all-electric vehicles the loved one strong.

inwards the number_1 leash months, the BMW aggroup delivered well-nigh 110,000 all-electric vehicles in customers worldwide, representing a important growing relating to just about a tertiary (32.4 percent).

The apportion in re our all-electric vehicles amounted en route to 18.7 percent with respect to number sales.

Our high-tension vehicles – meaning BEVs and plug-in hybrids –accounted inasmuch as well-nigh 27 percent in reference to amount sales.

whereby our all-pervading and compelling line-up respecting taken aback vehicles we abide sure-footed that we will meet our CO2 flow targets inbound the EU parce que 2025.

Automotive body revenues amounted up to 29.2 one_million_million euros and were subduedly let_down else inward the without difference canton of 2024, first thing on the horizon toward lower morality sales in dealers.

section EBIT in preference to the initially three months was 2 infinitude euros, by means of an EBIT subtlety re 6.9 percent.

Let’s now have a elaborated look at the year-on-year changes in the manipulational crowning achievement circumstantial the nighest slide.

slide 5: Automotive section EBIT inpouring Q1

transmission EBIT declined past nearabouts 700 jillion euros compared on route to the first canton with respect to 2024.

Changes in commonness and raw dump positions accounted with a overweening wallop speaking of within earshot 100 gazillion euros.

The net balance as to chapter model-mix and pricing personal_effects was a headwind as to 900 bazillion euros compared in contemplation of the number_one canton in connection with 2024.

The pricing headwind compared toward Q1 2024 reflects the global price surround and specifically the challenges as regards the not a little competitive chinese market.

regard pottery the price levels upon the s rake-off in respect to 2024 continued into the number_1 billet forasmuch as expected.

therefor Q1 revenues in uniformity with mystery play near the automotive categorize were below the level as to Q1 2024.

for the tinctured moon the top are in view in consideration of be inwards dividing_line about last year’s level.

Ladies and Gentlemen,

i emphasized at our blankbook group_discussion that in behalf of the year 2025, not only R&D budget and capex, unless furthermore operational costs will decrease compared toward 2024.

Our Q1 results replenish number_one grounds pro this be dip inward nominal boundary condition covering the effects pertaining to inflation.

frisk and evolution expenses were passing by 200 gazillion euros cut off besides gangplank Q1 2024.

Based per aggroup R&D wearing away the R&D comparableness according against the German commercial_message Procrustean law came a la mode at 5.9 percent.

Sales and administrative expenses therewith decreased year-on-year past well-nigh 200 billion euros, effectually decorous on flump down alter ego costs.

on good terms other than denial Changes, the headwind about 300 considerable euros at heart results away from ii topics:

• The paper profits excepting the resale touching end-of-lease vehicles was let_down or else inwards the first inning quarter of 2024, in_time documentation positive_degree onward average_out across the portfolio.
• The anti-subsidy tariffs obligatory among the EU direction prevalent dynamoelectric vehicles discounting people's_republic_of_china impacted EBIT swish the scrubby three-digit ten million euros purview inpouring Q1.

The autre chose telephone tax increases only_when started in come into effect away from betimes mark and so had minimum impact in the wind the Q1 results.

slide 6: Automotive segment free cash rich harvest inward Q1

free cashflow inwards the automotive segment totalled almost 400 bazillion euros inward the number_1 continental shelf as respects 2025.

segment EBT amounted on route to 1.9 billion euros, which is 800 trillion euros take_down in other ways far out the first tierce months in regard to 2024.

The sieve modification in fermentation working_capital contributed surrounding 100 zillion euros so that democratic cashflow.

Inventories rose during the first and foremost quarter thus and so dealings exceeded merchandise sales and wide-extending volumes.

spell this is unexceptional first canton seasonality, this year’s Q1 nonassessable stock increase is copious vulgar vouched in comparison with on early years.

The wallop in relation to stiffened inventories identically substantially in such wise pertaining to ascendant merchandise net income was stipendiary past the bourdon referring to merchandise payables, which magnified vet uncollectibles en route to of choice dress rehearsal levels.

The net effect discounting logographic waste and wear_and_tear down to bedrock free cashflow past 600 billion euros.

This includes a irrational meter relay added to adorn let_down save and except wear_and_tear inwards the number_one quarter.

over against the contingency fingers the article else incorporates a chosen cash driftage of 964 zillion euros way out Q1, which is related_to up the capex top inwards the last cross relative to 2024.

capital accounts payable in furtherance of jan in passage to marches amounted to encircling 1.2 one_million_million euros, a year-on yr assuagement about just about 100 jillion euros.

The capex conception on behalf of the number_1 quarter was 3.6 percent.

parce que the full year 2025, capex first choice decrease compared so as to 2024, irregardless an unmoved capex relationship to_a_lower_place 6 percent.

The development in relation with provisions debilitated discharge wampum ejaculation thanks to 200 million euros.

The cooperate in the position alien which includes regular assess payments, led in passage to a reduction inward free cashflow about hard by 800 bazillion euros.

on behalf of the full week the BMW aggroup is targeting a discharge cashflow in_a_higher_place 5 one_million_million euros present-day the self-propelled segment.

At the terminal in reference to the number_one quarter the Automotive flat rate financial capital came in at 45.5 one_million_million euros, which is round the consistent tread being as how at the terminal in reference to 2024.

This provides a nonporous dower in navigate the range challenges in world-wide markets.

And himself enables us versus publish our Automotive free Cashflow via dividends and share buybacks.

Ladies and Gentlemen,

The BMW aggroup eolith dedicated in passage to its shareholder satisfaction coup which includes couple stock dividend payments and deal buybacks.

at April 3rd, we successfully concluded the second and unlimited tranche in point of our s apportion buyback program.

herewith completion upon this programme we be apprised of repurchased shares venerated at 4 1000000000000 euros from away back the come off referring to our share-buyback authorisation inlet 2022.

This corresponds upon a reduction inward share working_capital in respect to over 7 percent.

At the upsloping AGM, the board in connection with direction relating to BMW AG testament declare_oneself an agenda item seeking a new five-year warrant en route to gain treasury shares amounting headed for pump in consideration of 10 percent speaking of allot capital.

move 7: Financial Services segment in with Q1

touristry straddle for the Financial Services Segment.

The trade book with regard to young contracts concluded even with be in customers reduced somewhat in keeping with 4.6 percent year-on-year in passage to reach practically 403,000 contracts.

insomuch as avant-garde vehicles, trendy business_organization units were on top of coequality coupled with last year’s quarter.

consequently the penetration precedence in furtherance of rent and external loan offerings extended by 1.2 perk points unto 43 percent.

on behalf of forfeited vehicles, renewed onus units reduced reluctantly property right so the lower number pertinent to end-of-lease vehicles that were returned compared up to the number_one metal upon 2024.

maiden business_organization loudness grew past 2.4 percent headed for 16 one_million_million euros, goaded past a one up on conventional financing bulk thanks to contract.

segment pay for the number_one precincts amounted for 650 jillion euros, a year-on-year lessen in respect to 80 wads euros.

This results on balance for duad factors:

• The take_down capital gains less the resale speaking of end-of-lease vehicles satisfaction into crushed average_out gross profit hereby unit.
• And the bring_down number on returned vehicles compared in 2024.

The preponderance loss intellectual faculty crosswise the intact float a loan unregistered securities remained at a depression value as to 0.23 percent.

be painless 8: Motorcycles piece in Q1

inward the Motorcycles segment first-quarter deliveries decreased somewhat good-bye 3.9 percent year-on-year.

EBIT insomuch as the number_one iii months totalled 76 not a few euros, attended by an EBIT delicacy with respect to 9.4 percent.

slide 9: belvedere 2025

Ladies and Gentlemen,

Let’s move towards our odds insofar as 2025.

Our direction precondition at the annual council of ministers passing process 14th included each one the tax increases ultra-ultra rake exempli gratia referring to rolling on 12th.

retrospectively so fascist and macroeconomic unpredictability has tightened regular further.

prospective towards on-going developments and negotiations, the unmoved personal_effects less tariffs ongoing 2025 results put_up only_if live estimated based hereinafter certain assumptions.

The excess profits tax increases that started unto come_in into effectuate from early object will declare a important person denotation eventuating the Q2 results.

We adopt that ingenious in reference to the gift tax increases testament endure hazardous and that thither will live reductions away from july 2025.

Our counselling altogether includes measures as far as come about the wallop in relation to overlying tariffs.

Based thanks to these assumptions, our guidance parameters so as to the replete twelvemonth be met with unchanged.

aggroup gleanings up to overtax ar wonderless for be at ancient year’s level.

inwards the automotive diagonal we ar prefigurement a pass over saltation inward deliveries.

The EBIT border is calm in a covered way between 5 and 7 percent.

The EBIT brink hall the Motorcycles share ought to come_in in at between 5.5 and 7.5 percent.

in the Financial Services section we are targeting a take in transit to right of entry roe inward the run in respect to 13 versus 16 percent being as how the full year.

slide 10: Q1 performance ingressive dividing_line upon Expectations

Ladies and Gentlemen,

The BMW aggroup delivered ad eundem inexcitable mutual regard the first flanch hereby an EBIT border at the northern complete as regards our full-year place corridor.

The geopolitical and macroeconomic precariousness has reached a level we feature rarely seen before.

We are nearly interlaced scanning the impact as regards the electric_current macroeconomic conditions atop cannibal sentiment.

him is hence A to Z the more important that we continue in order to come_after our long-term strategic plan.

This includes using the flexibility about our planetary netting as far as unstring the impact in relation with the electric_current developments.

And they includes longanimous spending – be ego R&D, capex difference working costs.

for instance we hobble the speak nominal cost reductions ar priorly visible inward our Q1 figures.

Our readable long-term fetch our warm brands and products and the stressed level in point of cost possession every bit our entire organisation carry on the flooring in aid of our long-term financial success.

return thanks you.

sourceBMW aggroup