Plastic Extruders China in 2019 Bassov sales will be 59.3 billion euros, and 41%of the investment allocation in the next 5 years will be in the Asia -Pacific region

Date:2022-8-08 Author:Sam

In the next five years, the capital expenditure of BASF plan is 23.6 billion euros. More than one -third of them will be assigned between 2020 and 2024 to key growth areas. Revenue from special projects, interest taxes, depreciation and amortization : 8.2 billion euros, a year -on -year decrease of 11%
未来五年, The capital expenditure of BASF plans is 23.6 billion euros. More than one -third of them will be assigned between 2020 and 2024 to key growth areas.
] The key Financial data:
Sales are
59.3 billion euros, a slight decrease from the previous year
Pre -tax income from special projects: 45 100 million euros, a year -on -year decrease of 1.7 billion euros

    Net income increased to 8.4 billion euros, and in 2018 was 4.7 billion euros.
  • contains about 5.7 billion euros brought by the merger of Dea and Wintershall. Dr. Dr. Dr. \u0026 Nbsp; Martin \u0026 Nbsp; Brudermüller) and Chief Financial Officer Hans-Ulrich \u0026 NBSP; Dr.
  • Bo Mule said: \”Even in the difficult period,The company still performs well. The global economy is going against the wind, and 2019 is a challenging year. \” Sino -US trade frictions have a negative impact on the global economy; the growth of the key sales market has slowed down; coupled with the Brexit Brexit has brought a lot of uncertainty. Industrial and chemical production growth has slowed significantly than expected. Many key industry customers, especially customers in the automotive industry, have declined significantly.
  • Bo Mule said: \”In a difficult market environment, the revenue of all the company’s downstream business areas has increased. However, this failed to offset the decline in the income of basic chemical business. \”The two major business areas of materials and chemicals are 1.8 billion euros before the interest and tax of special projects, a decrease of 2.2 billion euros. The price of isocyanate has decreased sharply, the profit of cracking products has decreased, and the steam cracking device has brought significantly as planned maintenance. Negative impact.
  • The BASF Group’s 2020 outlook

Bo Mule said: \”In the first two months of this year, we have already been in the first two months, we have already been It encountered the high uncertainty faced by the global economy. The new type of coronary virus popular at the beginning of the year has become a new factor that hinders economic growth, especially in China. The prevention and control measures adopted in order to prevent the spread of the epidemic has caused many industries to decline in demand and interruption of production. \”

BASF predicts that the new coronary virus will have a significant impact globally, especially in the first and second quarters of 2020.
This prediction has not yet considered the virus once the virus is in the current virus is in the current. The spread of globally, it will not only have a significant adverse effect on the global economy in the first half of the year. Bo Mule said: \”We think the impact of this epidemic will last a year. \”

BASF predicts that the global economic growth rate will be 2.0%, which is significantly slowed down from 2.6%in 2019.
The company predicts the growth rate of global chemical production by 1.2%, which is significantly lower than 1.8 in 2019.8 %Level. This will be the lowest increase since the financial crisis of 2008/2009.
BASF predicts the average price of Brent crude oil at $ 60 per barrel, and the exchange rate is 1 euro exchange to exchange for 1 euro exchange. 1.15 US dollars. Bo Mule said: \”Although the current environment is full of challenges and high uncertainty, we will still strive to increase sales between 60 billion euros and 63 billion euros. \”\u0026 Nbsp; BASF Group’s pre -interest tax before interest taxation is expected to be between 4.2 billion euros and 4.8 billion euros (2019: 4.5 billion euros). The expected capital return rate (ROCE) will be between 6.7%and 7.7%. (2019: 7.7%), less than 9%of the capital cost ratio.
Bo Mule said: \”We predict that most of the customer industries will increase slightly,
However, we expect the production of the automotive industry to output the output will be Continue to decline.
\”\u0026 nbsP; BASF’s outlook for 2020 is based on the following estimates: trade conflicts between the United States and its trading partners will not be further alleviated, and the UK will not have a significant impact on the economy during the Brexit transition period.

Investment organic growth

Bo Mule also looked forward to future investment.
In the next five years, the capital expenditure planned by BASF is 23.6 billion euros. More than one -third of them will be assigned to key growth areas from 2020 to 2024, namely two large projects located in Asia -Guangdong Guangdong Integrated Base, Mondla’s chemical industry cluster, and battery Investment plan for material business.

Globally, BASF is conducting research on high -performance lithium -ion battery innovation orthopedic materials to promote electric transportation into reality.
Bo Mule said: \”This means that our investment focus will transfer regional transfer. In the next five years, we will allocate 41%of investment to the Asia -Pacific region and allocate 34%of investment to Europe. \”\u0026 Nbsp; In contrast, during the five-year planning period of 2019-2023, the Asia-Pacific investment accounted for 27%, and Europe was 43%. BASF plans to spend 3.4 billion euros in 2020 (the increase in real estate, plant and equipment other than acquisitions, and investment in IT, due to the recovery obligations and assets of use rights generated by lease). The capital expenditure in 2019 was 3.3 billion euros.

Active investment portfolio management
BASF has implemented a number of investment portfolio measures. 2020 \u0026 nbsp; On January 31st, BASF completed the acquisition of the Solvidanamide business. The purchase price is 1.3 billion euros.
Hans-Ulrich \u0026 Nbsp; Engel said: \”Our customers will benefit from it: BASF will provide more comprehensive product portfolio, more powerful regional influence and more reliable product supply.\”
[ 123] BASF has reached an agreement with Lone \u0026 NBSP; Star Fund to peel off its chemical building materials division at a price of 3.17 billion euros. The transaction is expected to be completed in the third quarter of 2020. BASF’s global pigment business is becoming part of the Japanese fine chemical product company DIC for 1.15 billion euros. The transaction is expected to be completed in the fourth quarter of 2020.

In addition, the merger of Wintershall and Dea was completed last year, and a leading independent exploration and production company in Europe. BASF holds Wintershall \u0026 nbsp; dea \u0026 nbsp; 72.7%of the shares, and Letterone holds 27.3%.123]
Engel said: \”The merger progresses smoothly and will be completed in December 2020. We expect that by 2022, the merger will produce at least 200 million euros per year. It is expected that the first public offering (IPO) is expected It will be carried out in the second half of 2020, which depends on the specific market situation. \”
BASF believes that the acquisition of Bayer’s related business in the field of agricultural solution business has been successful. \”In less than a year of business integration, the business integration has been completed in less than a year. The sales of the acquisition of the acquisition in 2019 reached 2.2 billion euros, and the contribution to the revenue of the pre -interest tax of the special project exceeded 500 million euros. Acquisition can bring extra sales of hundreds of millions of euros. We have confidence to achieve this goal. \”
Continue to promote sustainable development goals

] BASF set up the goal of maintaining the total amount of carbon dioxide emissions by 2030. This means that while BASF achieved increasing production, it remained unchanged at the level of greenhouse gas emissions in the production base at the same time.

Compared with 2018, the absolute emissions of the greenhouse gases of Bassov in 2019 dropped by 8%to 20 million tons. The main reason was that some large devices were closed. Maintenance. In addition, BASF has updated the energy supply agreement and adopted measures to improve energy efficiency and optimize processes. BASF expects the emission volume in 2020 will return to the level of 2018, partly due to the reduction of the number of plans to repair and the acquisition of the Solvidanamide business.

Implementing the BASF Strategy
Bo Mule said: \”In 2019, we can quickly implement the corporate strategy with full vitality and enthusiasm. We reform the organizational structure, reduce complexity, optimize management and streamline the process. \”

Most functional services have been embedded in the business operation department.
As of October 1, about 20,000 Basc employees have completed work transformation. In addition, BASF has established a lean corporate headquarters and has about 1,000 employees.
The new department of the Global Business Service has also been operated on January 1, 2020. There are about 8,800 employees in this department to provide demand -oriented internal services globally, such as financial, internal control, procurement and supply chain. This will further enhance BASF’s business competitiveness.
However, the implementation of corporate strategy has not yet been completed. As Bo Mule emphasized: \”Each key step has been started, \u0026 nbsp; in 2020 we still have a lot of specific work needs to be implemented.\”

All these measures are designed to make BASF have a customer -centric flexible group centered on a flexible group.Weaving architecture returns to profit growth.
\u0026 nbsp;
Accelerate the promotion of the \”Excellent\” project

BASF has accelerated the \”excellent\” project. \”We are very optimistic, and at the end of 2021, we realized the project’s goal of paying 2 billion euros to interest tax, depreciation and amortization to BASF.\”

In 2019, the project achieved approximately 600 million The correlation cost of the euro interest tax, depreciation and amortization is about 500 million euros. BASF expects that the rapid advancement of the project this year will bring the company’s interest tax, depreciation and pre -amortization revenue of 1.3 billion to 1.5 billion euros. One -time investment is expected to be between 300 million and 400 million euros.

BASF also accelerates streamlined organizational structure. BASF announced that will reduce 6,000 positions worldwide by the end of 2021. This goal now seems to be completed by the end of 2020. Last year, BASF had reduced 3,100 positions worldwide.
Please note:
On December 21, 2019, BASF signed an agreement with Lone \u0026 Nbsp; Star, which has been reflected in this report. Starting from January 1, 2019, the sales and income of the Chemical Building Materials Business Department will no longer be included in the sales and interest tax, depreciation and amortization of the BASF Group’s sales, and the pre -interest tax revenue without special projects. The previous year in this report has also been adjusted accordingly. Prior to the completion of the transaction, the income of the Chemical Building Materials Department will be reported separately in the Pasc Group’s after -tax income (\u0026 nbsp; \”to terminate the after -tax income\”).