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BASF Report 2021 Management’s Report – Chemicals 74 Compared with 2020, income from operations (EBIT) before Division sales by region special items rose by €2,529 million to €2,974 million as a result (Location of customer) of considerable earnings growth in both divisions. In both the Divisions South America, Total Europe North America Asia Pacific Africa, Middle East (million €) Petrochemicals and Intermediates divisions, this was primarily Petrochemicals 56% 28% 11% 5% 9,674 attributable to significantly higher margins, higher sales volumes and improved income from investments accounted for using the Intermediates 37% 15% 45% 3% 3,904 equity method. EBIT amounted to €2,997 million, an improvement of €3,189 mil- Division, products, applications lion compared with the previous year. This included special income Products Customer industries and applications from the disposal of our share in the condensate splitter in the first Petrochemicals Ethylene, propylene, butadiene, benzene, alcohols, solvents, Chemical, plastics, construction, detergent, hygiene, automotive, packaging quarter of 2021. In the previous year, special items were mainly plasticizers, alkylene oxides, glycols, acrylic monomers, styrene and textile industries; production of paints, coatings, cosmetics, oilfield and impacted by impairments. and polystyrene, styrenic foams, superabsorbents paper chemicals For the outlook for 2022, see page 148 onward Use in the BASF Verbund Intermediates Basic products: butanediol and derivatives, alkylamines and Chemical, plastics, coatings, construction, automotive, wind energy, alkanolamines, neopentyl glycol, formic and propionic acid pharmaceutical and agricultural industries; production of detergents and cleaners as well as crop protection products and textile fibers Specialties: Specialty amines such as tertiary butylamine and polyetheramine, gas treatment chemicals, vinyl monomers, acid Use in the BASF Verbund chlorides, chloroformates, chiral intermediates

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