BASF Report 2021 Management’s Report – Agricultural Solutions 88 Agricultural Solutions ® Luximo : novel In the Agricultural Solutions segment, we aim to further herbicide active strengthen our market position as an integrated provider. Our ingredient offer comprises seeds and seed treatment products, as well as fungicides, herbicides, insecticides and biological solu- ® Luximo controls a broad range of tions, complemented by digital products to help farmers resistant and difficult-to-control grass achieve better yield. Our strategy is based on innovation- weeds in wheat and other cereal crops. driven organic growth and targeted portfolio expansion It is the first herbicide since 1985 to through acquisitions. Customer needs, societal expectations receive a new mode of action classifi- and reducing environmental impacts are what motivate us to cation from the global industry organi- innovate. zation HRAC.* With more than 50% For more information on the Agricultural Solutions segment’s business model, see page 33 onward carbon content of the active ingredient coming from renewable sources and no known cross-resistance, Luximo® offers farmers in Australia and, in the future, in the E.U. and U.K. a new solu- tion for sustainable weed resistance management. We anticipate a peak 1 sales potential for this product in the low three-digit million euro range. Discover Luximo® at basf.com/luximo Sales €8,162 million 2020: €7,660 million EBIT before special items €715 million 2020: €970 million * Herbicide Resistance Action Committee 1 Peak sales describes the highest sales value to be expected in one year. For more information, see the Glossary on page 289.