May 2011

INVESTOR PRESENTATION
BMW Group Investor Presentation, May 2011, Page 1

FULL YEAR 2010 RESULTS.

in euro million Revenues Profit / loss before financial result (EBIT) Automobiles Motorcycles Financial Services 2010 60,477 5,094 4,1,50,-355 Change in % 19.3.

Other entities

Eliminations Profit before tax Net profit EPS in euro (common / preferred) Operating cash flow (Automobiles) Free cash flow (Automobiles)*
-492 4,836 3,234 4.91/4.93 8,150 4,471
210 0.31/0.33 4,921 1,456

. 65.6.

Net interest-bearing assets (Automobiles)

Equity (Group)

* Free cash flow includes net investments in marketable securities BMW Group Investor Presentation, May 2011, Page 2

11,286

23,100

19,915

Q1-2011 RESULTS.
in euro million Revenues Profit before financial result (EBIT) Automobiles Motorcycles Financial Services Other entities Eliminations Profit before tax Net profit EPS in euro (common / preferred) Operating cash flow (Automobiles) Free cash flow (Automobiles)*
* Free cash flow includes net investments in marketable securities
Jan 31 Mar 16,037 1,902 1,-257 1,812 1,212 1.84/1.84 2,079 1,624
Jan 31 Mar 12,-324 0.49/0.-306
Change in % 28.9. 3.1 89.2.
BMW Group Investor Presentation, May 2011, Page 3

GUIDANCE 2011.

BMW Group
We aim to achieve a higher full-year Group profit before tax than in 2010.

Automobiles Segment

Record sales of significantly above 1.5 million units. EBIT margin of > 8%. Return on Capital Employed of > 26%.
Financial Services Segment
Return on Equity of > 18%.
BMW Group Investor Presentation, May 2011, Page 4

CONTENT.

Corporate Strategy
Growth Markets Automobiles Motorcycles Financial Services

Production Network

Sustainability EfficientDynamics Financials Funding
BMW Group Investor Presentation, May 2011, Page 5

STRATEGIC OBJECTIVE.

We want to be the leading provider of premium products and premium services for individual mobility.
BMW Group Investor Presentation, May 2011, Page 6
THE WAY AHEAD NUMBER ONE.

Number ONE defines

our vision for the year 2020.
our mid-term targets for the year 2012.

our internal milestones.

Our vision is targeted towards creating value and securing future success. We are driven by our goal to increase profitability.
BMW Group Investor Presentation, May 2011, Page 7

TARGETS 2012.

Auto Sales (000 units)

~1,600

Motorcycle Sales (000 units)
R&D ratio (%) Capex ratio (%) Dividend (euro, common/pref.)

6.5 8.8 0.70/0.72

5.0 5.5 <7.0

substantial increase

RoCE (%) Return on Sales (EBIT, %) Free Cash Flow (euro million)

1) Projected

21.7 6.4 9562)
2) Free Cash Flow from Industrial Operations

>10 >2,000

growth until 2012 includes Husqvarna brand sales
BMW Group Investor Presentation, May 2011, Page 8
EFFICIENCY IMPROVEMENTS AND LOWER COSTS.

Strategy Number ONE

Human Resources
Administration & Sales Fixed costs

R&D

Manufacturing costs

Variable costs

Efficiency improvements and lower costs
BMW Group Investor Presentation, May 2011, Page 9
IMPROVEMENT OF R&D RATIO.
7.0% 6.7% 6.5% 6.2% 6.0% 5.5% 5.0% 4.9% 4.5% 4.0% 2012 4.8% 4.6% 5.8% 5.6% 5.4% 6.4% 6.5%
R&D ratio: R&D Expenditure (HGB) / Revenues
BMW Group Investor Presentation, May 2011, Page 10
IMPROVEMENT OF CAPEX RATIO.
10.2% 10.0% 9.5% 9.0% 8.0% 9.1% 8.6% 7.9% 9.8% 8.8%

Target: <7%

6.0% 5.4% 2012
Capex ratio: Total Capex / Revenues
BMW Group Investor Presentation, May 2011, Page 11

EFFICIENCY IMPROVEMENTS.

in euro million
6,000 5,000 4,000 3,000 2,000 1,2008 2009
Expenses/fixed costs / R&D
Cost of materials/purchasing
Cost of materials/purchasing:
>4bn or at least 2/3 of the total potential
Expenses/fixed costs/R&D:
BMW Group Investor Presentation, May 2011, Page 12
2bn or 1/3 of the total potential
USE OF STANDARDIZED ARCHITECTURES AND MODULAR SYSTEMS.
BMW Group Investor Presentation, May 2011, Page 13
MATERIAL COST OFFENSIVE: ACROSS ALL MODEL SERIES.

Model series A Model series B Model series C Model series D Model series E

Material cost offensive

In the past
BMW Group Investor Presentation, May 2011, Page 14
BMW Group Investor Presentation, May 2011, Page 15
PRIORITY ON GROWTH MARKETS.

Eastern Europe

USA India China

Russia Brasil

BMW Group Investor Presentation, May 2011, Page 16
BMW GROUPS CHINA STRATEGY FOCUSES ON DYNAMIC AND PROFITABLE GROWTH.
BMW Group Investor Presentation, May 2011, Page 17
Chinas premium segment has highest CAGR worldwide of 11% (2010-2020; Global Insight Data)
Attractive growth prospects: rising per capita income and growing upper middle class

Page 17

BMW GROUP IN CHINA.
Long-term growth potential for premium brands Further expansion of BMW China in order to participate in market growth: Build-up of R&D department Expansion of local and global sourcing Construction of new plant in Shenyang-Tiexi with a capacity of >100,000 units per year from 2012 Start of independent BMW Financial Services operations in China in 2010 Existing growth potential to become largest market worldwide for BMW Group
BMW Group Investor Presentation, May 2011, Page 18
BMW AND MINI RETAIL DEVELOPMENT IN MAINLAND CHINA.

200,000

CAGR 2005-2010: +48%

(Premium segment: +45%)

168,998

150,000 +87%

100,000 +38% +28%

90,536

65,822

50,000

51,588

36,357

24,025
BMW BMW Group Investor Presentation, May 2011, Page MINI 2009 2010
BMW AND MINI RETAIL MIX IN CHINA FY-2010.
Z4: 1.6% X6: 5.4% X5: 7.7% X3: 4.9% X1: 3.3% 7 series: 15.7%
MINI: 6.2% 1 series: 5.3% 3 series: 20.7%
5 series: 24.9% 5 series GT: 4.0%

6 series: 0.3%

BMW Group Investor Presentation, May 2011, Page 20
URBANIZATION IN CHINA ONGOING POTENTIAL.
China cities brief introduction China urbanization forecast by 2025
cities population >10 million

Beijing 16.5 million

Tianjin 11.5 million Shanghai 18.5 million
cities population 5-10 million

Chengdu 13 million

Chongqing 36 million
cities population 1-5 million

Guangzhou 10 million

Shenzhen 12 million

Highly-developed areas

Less-developed areas
Huge number of cities in China: 350 prefecture level cities and 100 county level cities City development level is quite different.
350 million people will be added to Chinas urban population by 2025 (more than the population of todays United States, McKinsey estimates).

Manaus

Salvador

Brasilia

Rio de Janeiro Sao Paulo

Porto Alegre

BMW Group Investor Presentation, May 2011, Page 28

Page 28

BMW Group Investor Presentation, May 2011, Page 29
THREE AUTHENTIC PREMIUM BRANDS.

Sheer driving pleasure

The worlds most exciting premium small car brand
The pinnacle of automobile luxury
BMW Group Investor Presentation, May 2011, Page 30
DELIVERIES TO CUSTOMERS APRIL 2011YTD.
Deliveries of automobiles (in units) Total BMW

1 series 3 series

April 2011 (YTD) 434,257
59,678 119,156 112,291 1,491 20,137 38,077 32,596 30,961 13,633 6,237

April 2010 (YTD) 364,307

66,038 126,155 53,804 1,900 19,935 21,728 15,814 29,792 14,344 8,807

Change in %

-9.6 -5.5. -21.5 1.0 37.3. 1.1 -4.9 -29,2

5 series (incl. GT)

6 series 7 series X1 X3 X5 X6
Total MINI Total Rolls-Royce

84,698 989

67,251 458

519,944

432,016
BMW Group Investor Presentation, May 2011, Page 31
DELIVERIES TO CUSTOMERS FY-2010.
1 series 3 series 5 series (incl. GT) 6 series 7 series

1,224,280

196,004 399,009

1,068,770

216,944 397,103

-9.7 0.5

238,454
5,848 65,814 99,990 46,004 102,178 46,404 24,575

175,983

8,648 52,687 8,499 55,634 88,851 41,667 22,759
-32.4 24.9 -17.3 15.0 11.4 8.0

X3 X5 X6 Z4

Total MINI

234,175 2,711

216,538 1,002

Total Rolls-Royce

1,461,166

1,286,310

BMW Group Investor Presentation, May 2011, Page 32
BMW RETAIL BY MODEL 2010 (2009).
Total BMW Group sales: 1,461,166 (1,286,310) units.
BMW brand share: 1,224,280 (1,086,770) units or 83.8% (83.1 %) of total sales.
65,814 (52,687) 99,990 (8,499) 46,004 (55,634) 102,178 (88,851)

46,404 (41,667)

26,486 (3,052)

24,575 (22.759)

5,848 (8,648) 211,968 (172,926)

1,224,280 (1,068,770)

399,009 (397,103)

196,004 (216,944)

1 Series 16.0% (20.3%)

3 Series 32.6% (37.2%)

X6 Active Hybrid

X5 LCI

7 Series

Sedan NG

Active Hybrid

Convert. Touring Sedan Touring 5 door hatch Cooper / Cooper S One / Cooper D Coupe Convert. LCI M3 Coupe

LCI GT

NG Sedan NG Touring NG LCI Sedan/Touring M3 Sedan, Convert. NG
Coupe Convert. Convertible MINI E Crossover Coupe & Roadster

3 door hatch Clubman

MINI BMW Group Investor Presentation, May 2011, Page 37
*LCI: Lifecycle Impulse / NG: New Generation
BMW GROUP MODEL RENEWAL RATE.
Cumulated model renewal rate (as % of total expected annual sales volume) 3.5 3.3 years 3.0 2.5 2.0 1.5 1.0 20% 10% 3% 2012 age of product portfolio (sales & mix adjusted) 40%

> 60%

2.6 years
BMW Group Investor Presentation, May 2011, Page 38
NEW PRODUCT 2010. BMW 5 SERIES SEDAN.

Launch 03/2010

BMW Group Investor Presentation, May 2011, Page 39
NEW PRODUCT 2010. BMW 5 SERIES TOURING.

Launch 09/2010

BMW Group Investor Presentation, May 2011, Page 40
NEW PRODUCT 2010. BMW X3.

Launch 11/2010

BMW Group Investor Presentation, May 2011, Page 41
NEW PRODUCT 2011. BMW 6 SERIES.

Launch 03/2011

BMW Group Investor Presentation, May 2011, Page 42

Launch 09/2011

BMW Group Investor Presentation, May 2011, Page 43
FUTURE PROSPECTS. THE BMW CONCEPT GRAN COUPE.
BMW Group Investor Presentation, May 2011, Page 44
NEW PRODUCT 2010. MINI COUNTRYMAN.
BMW Group Investor Presentation, May 2011, Page 45
NEW CONCEPT 2010. MINI PACEMAN CONCEPT.
BMW Group Investor Presentation, May 2011, Page 46
BMW ADVANCED DIESEL WITH BLUE PERFORMANCE.
US market introduction: December 2008

X5 Xdrive 35d

Emission Standard LEVII / Bin5
265 hp, 0-60 mph < 7.4s
Fuel consumption > 27 mpg (USC)
Emission Standard LEVII / Binhp, 0-60 mph < 6.2s Fuel consumption > 33 mpg (USC)
Diesel Car of the year 2011
BMW Group Investor Presentation, May 2011, Page 47

BMW ACTIVE HYBRID.

US Market introduction: End of 2009 (EU: 04/2010)
Full (Two-Mode) Hybrid system
Emission Standard ULEVII / EU5
System Power: 485 hp, 0-60 mph: 5.6s Consumption: 9.9l/100km (28.5mpg) (-20% compared to base X6 xdrive 50i)

7 series Active Hybrid

Mild Hybrid system Emission Standard ULEVII / EU5 System Power: 465 hp, 0-60 mph: 4.9s Consumption 9.4l/100km (29.1mpg) (-15% compared to base 750li)
BMW Group Investor Presentation, May 2011, Page 48

BMW Group Investor Presentation, May 2011, Page 55
OUR ROADMAP FOR SUSTAINABLE MOBILITY FROM 2013: BMW i3 AND BMW i8.
BMW Group Investor Presentation, May 2011, Page 56
CARBON FIBER MATERIAL IS ESSENTIAL FOR LIGHTWEIGHT PRODUCTION OF THE BMW i3 AND i8.
Main arguments for the utilization of carbon fiber materials:

Low weight:

CFRP parts are approx. 50% lighter than comparable steel parts and approx. 30% lighter than comparable aluminum parts
High tensile strength/stiffness:
CFRP has excellent damping characteristics and high energy absorption in a crash

Corrosion resistance:

Avoidance of expensive protective coatings as CFRP is resistant to corrosion, acid and solvent
BMW Group Investor Presentation, May 2011, Page 57

Joint Vent SGL AC

CF-Textiles

Precursor

Carbonization

Carbon Fibers

CARBON FIBER PRODUCTION CF-Textiles CORE COMPETENCE WITHIN BMW GROUP.
Mitsubishi Rayon Co. Ltd. (MRC), Otake/Japan
(Steam) Cracking Ammoxidation Acrylonitrile Recycling

Preforms

BMW GROUP
Recycling (residual fabrics)

Stacking

JV MSP*, Otake/Japan
Polymerisation / Spinning

*) Joint

CFRPComponents

Tailoring Preforming

Venture Mitsubishi Rayon SGL Precursor Co. Ltd. (MSP)

PAN-Precursor

SGL ACF, Moses Lake/USA

Oxidation Carbonisation

Preform

Fabrics

CFRP-Lake, USA Moses components
BMW i3 & i8 Wackersdorf, German
SGL ACF, Wackersdorf/Germany

Knitting

SGL Automotive Carbon Fibers a BMW Group and SGL Group JV
BMW Group Investor Presentation, May 2011, Page 58
The production of CFRP components is our core competence Molding Tailoring Resin Transfer preforming, Resin-Transfer-Moulding (RTM), milling and tempering is all done in the BMW Group plant in Landshut. Painting and final assembly is done in the BMW Group plant in Leipzig. Moses Lake, USA Wackersdorf, Germany Landsh
BMW i3 AND BMW i8 PRODUCTION NETWORK.
Moses Lake, Washington State

Carbon fiber

Leipzig
The BMW Group and the joint venture set up with the SGL Group are investing a total of 530 million in the project. A total of over 1,000 jobs will be created as a result of the investment.
BMW Group Investor Presentation, May 2011, Page 59
CFRP fabrication MCV assembly
Wackersdorf CFRP alignment + recycling

Battery

E Motor

Landshut

Dingolfing

CFRP fabrication

Other markets

United Kingdom

United States France

Germany Italy

16.6% 15.4%

Spain United Kingdom

6.6% 6.2%

United States

France
BMW Group Investor Presentation, May 2011, Page 66
BMW Group Investor Presentation, May 2011, Page 67
GLOBAL PRESENCE IN 55 COUNTRIES WITH 4,167 EMPLOYEES.

BMW Financial Services

MINI Financial Services
BMW Group Investor Presentation, May 2011, Page 68
LEASING HAS MULTIPLE BENEFITS FOR THE BMW GROUP.
Average holding period (Example Germany)
62 month Cash buyer year month Leasing BMW FS year 1 year 12
75% loyality 63% loyality

year10

+ 20-25 %
Average level of optional equipment in Germany (Example, in EUR)
0 Cash buyer 2,000 4,000 6,000 8,000 7,100 9,800 10,000 12,000

+ 35-40 %

Leasing BMW FS
BMW Group Investor Presentation, May 2011, Page 69
PROFIT BEFORE TAX (PBT) FINANCIAL SERVICES.
BMW Group Financial Services. Additional risk provisions in 2008. Total: EUR 1,968 million Automobiles Segment: EUR 911 million residual values
Financial Services segment: EUR 1,057 million EUR 363 million credit losses
EUR 694 million residual values
-200 -292 -Q1-10 Q2-10 Q3-10 Q4-Q1-11
BMW Group Investor Presentation, May 2011, Page 70
PENETRATION RATE RETAIL BUSINESS.
55% Financing 50% 45% 40% 38.3% 27.6% 19.1% 22.5% 24.0% 25.2% 27.2% 23.2% 24.3% 20.5% 44.6% 42.0% 34.5% 35.0% 36.1% 42.4% Leasing 48.5%
30% 25% 20% 15% 10% 5% 0%

17.2% 20.9%

24.7% 19.5%

2011 Q1

BMW Group Investor Presentation, May 2011, Page 71
DEVELOPMENT OF CREDIT LOSS RATES.

0.90% 0.80%

0.60% 0.50% 0.41% 0.40% 0.30% 2004 0.46% 0.41% 0.46%

0.67% 0.55% 0.54% 0.59%

BMW Group Investor Presentation, May 2011, Page 72
RESIDUAL VALUE DEVELOPMENT IN THE USA.
BMW brand vs. all luxury brands (through April 2011)
85 Jan 01 Jul 01 Jan 02 Jul 02 Jan 03 Jul 03 Jan 04 Jul 04 Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11
BMW brand All luxury brands
BMW Group Investor Presentation, May 2011, Page 73
Source: Manheim Used Vehicle Value Index, mix and mileage adjusted
DELIVERIES OF CERTIFIED PRE-OWNED AUTOMOBILES IN THE USA.

in 1,000 units

112,2 104.5 89.8 114,4
80 60.44.16.8 1.6.1 28.3 39,9 65.7 71.1
BMW has been #1 in luxury segment Certified Pre-Owned volume every month since data was first collected. BMW has won the J. D. Power Award for best Certified Pre-Owned program in the industry. BMW consistently ranked best in the industry by the National Automobile Dealers Association (NADA) dealer attitude study.

BMW Group Investor Presentation, May 2011, Page 74
STRATEGIC FUTURE DEVELOPMENT OF FINANCIAL SERVICES.
BMW Group Investor Presentation, May 2011, Page 75
BMW Group Investor Presentation, May 2011, Page 76
AUTOMOBILE PRODUCTION BY PLANT IN 2010.
Assembly plants (CKD / SKD) Graz Shenyang Goodwood Rosslyn Spartanburg Oxford Munich Dingolfing Regensburg
Dingolfing, Germany Production of BMW 5, 6, 7 Series Regensburg, Germany Production of BMW 1, 3 Series, Z4 Oxford, UK Production of MINI Munich, Germany Production of BMW 3 Series Spartanburg, USA Production of BMW X3, X5, X6 Assembly plants
BMW Group Investor Presentation, May 2011, Page 77
244.0 216.3 205.7 159.3 19.1
Leipzig, Germany Production of BMW 1 Series, X1 Rosslyn, South Africa Production of BMW 3 Series Goodwood, UK Production of Rolls-Royce Shenyang1, China Production of BMW 3, 5 Series Graz (Magna Steyr2), Austria Production of BMW X3, MINI Countryman

49.0 3.2 55.6 54.9

1 Joint venture 2 Contract production
INVESTING IN THE GLOBAL PRODUCTION NETWORK.
BMW Group Investor Presentation, May 2011, Page 78
BMW Group Investor Presentation, May 2011, Page 79
ANCHORING OF THE TOPIC IN THE BMW GROUP.
Executive Board Resolution in 2000: The BMW Group will continue to pursue sustainable development as principle of corporate strategy. Sustainability throughout the value added chain is inseparable from our corporate self-image. That is why we choose to take responsibility. Because of our convictions, but also our selfinterest, now and in the future.
Dr. Norbert Reithofer, Chairman of the Board of Management of the BMW AG, in the Sustainable Value Report 2007/2008
Strategy Number ONE (09/2007). BMW Group assumes responsibility: For its products As an industrial enterprise As an active corporate citizen Within the company
BMW Group Investor Presentation, May 2011, Page 80
Clean Mobility: zero-emissions driving Responsible use of natural resources Corporate Citizenship activities Basic principles

COMMITMENTS AND GUIDELINES.
The BMW Groups understanding of Corporate Sustainability:
- For us, corporate sustainability means making a lasting, positive contribution to the economic success of the company. This is the basis for exercising ecological and social responsibility. - For us, an awareness of our social responsibilities is inseparable from our corporate self-image.
The BMW Group complies with:
- The Global Compact and its ten principles - The Cleaner Production Declaration of the UN Environmental Programme (UNEP)
In addition, the BMW Group is guided by:
- The agreements of the International Labour Organisation (ILO) - The OECD guidelines for multinational companies - The Business Charter for Sustainable Development of the International Chamber of Commerce (ICC)
BMW Group Investor Presentation, May 2011, Page 81
BMW GROUP IS THE INDUSTRY LEADER.
Sustainability oriented ratings and financial indices are growing in number and importance. The BMW Group is among the top companies represented in these sustainability indices:
- Dow Jones Sustainability Indexes/Dow Jones STOXX Sustainability Indexes: Industry leader since 2005 and the only automotive company continuously listed since 1999. - FTSE4Good: listed in FTSE4Good, FTSE4Good Environmental Index. - Carbon Disclosure Project: Inclusion in the Performance Leadership Index 2010. - Oekom: Corporate Responsibility Rating oekom 2009, Status Prime. - Sustainalytics: 1st place in "DAX 30 Nachhaltigkeitsrating in 2009. - KOTREND: certificate for outstanding corporate responsibility (most points in the automotive industry).
BMW Group Investor Presentation, May 2011, Page 82
WHERE ARE WE NOW? WHAT HAVE WE ACHIEVED?
of a BMW Group vehicle is recycled and reused: 85 % of the materials can be reused; a further 10 % can be used for energy generation purposes.
of the BMW Groups South African employees took voluntary HIV tests in 2008. The infection rate of 7 % among our employees is below the national average.

100,000

children at 500 Chinese pre-schools learned how to use the roads safely in 2008 thanks to our practice materials.
of our total transportation volume (measured in ton-kilometres) travels by sea. That keeps traffic off the roads which is good news for the environment.
BMW Group Investor Presentation, May 2011, Page 83

0 litres

is how much process wastewater our BMW plant in Steyr, Austria generates. A closed water cycle and complex filter systems ensure not a single drop is wasted, allowing the wastewater gully to be closed off. The plant saves up to 30 million litres of water annually.

different technical and commercial trades can be learned at the BMW Group: quite a choice for the more than 1,100 young people who started an apprenticeship at the BMW Group this year.
For further information, please check:
Sustainable Value Report 2008
http://www.bmwgroup.com/bmwgroup_prod/e/0_0_www_bmwgroup_co m/verantwortung/publikationen/sustainable_value_report_2008/_pdf/SV R_2008_engl_Gesamtversion.pdf or http://www.bmwgroup.com/responsibility/

1.4 million

BMW and MINI vehicles with fuel-saving Efficient Dynamics features are already on the road today and that number is growing every day.
Indicators for Sustainability Update 2010
http://www.bmwgroup.com/bmwgroup_prod/e/0_0_www_bmwgroup_co m/verantwortung/publikationen/sustainable_value_report_2009/_pdf/SV R_2009_engl_Kapitel_0_Daten_und_Fakten.pdf or http://www.bmwgroup.com/responsibility/
BMW Group Investor Presentation, May 2011, Page 84
BMW Group Investor Presentation, May 2011, Page 85
EFFICIENTDYNAMICS OUR WAY TO REDUCE CO2.
BMW Group Investor Presentation, May 2011, Page 86
SHORT-, MID- AND LONG-TERM SOLUTIONS.

Engine technology

Intelligent light weight construction

Aero-dynamics

Intelligent energy management systems, Active Hybrid
Alternative energies: Hydrogen, Electricity

short-term

mid-term

long-term

BMW Group Investor Presentation, May 2011, Page 87
TAILOR-MADE ENERGY MANAGEMENT PACKAGES.

Energy management:

Electric water pump Electric steering Decoupled A/C compressor Pressure controlled fuel pump Brake Energy Regeneration Auto Start Stop function Gear shift display Power Steering

ICE improvements:

High Precision Injection / Common Rail high pressure fuel injection

Driving Resistance:

Aerodynamics Cooling air flap system Brake air flap system Tyres with reduced rolling resistance Light weight construction
BMW Group Investor Presentation, May 2011, Page 88
THE NEW BMW X1 BMW X1 xDRIVE 28i WITH TWIN POWER TURBO.
BMW X1 xDrive28i (six-cylinder) VALVETRONIC. Double-VANOS. BMW X1 xDrive28i (four-cylinder) BMW TwinPowerTurbo technology. Petrol direct injection (High Precision Injection). VALVETRONIC. Double-VANOS. 180 / 6.1 + 13 % - 0.7 seconds -5%

MINI Cooper Countryman: 90 kW / 122 hp 6.0 l / 140 g
MINI Cooper D Countryman: 82 kW / 112 hp 4.4 l / 115 g
MINI Cooper SD Countryman: 105 kW / 143 hp 4.6 l / 122 g
MINI Cooper D ALL4 Countryman: 82 kW / 112 hp 4.9 l / 129 g
MINI Cooper SD ALL4 Countryman 105 kW / 143 hp 4.9 l / 130 g
MINI One: 55 kW / 75 hp 5.4 l / 127 g
MINI One: 72 kW / 98 hp 5.4 l / 127 g
MINI One MINIMALIST: 55 kW / 75 hp 5.1 l / 119 g
MINI One MINIMALIST: 72 kW / 98 hp 5.1 l / 119 g
MINI One D: 66 kW / 90 hp 3.8 l / 99 g
MINI Cooper: 90 kW / 122 hp 5.4 l / 127 g
MINI Cooper D: 82 kW / 112 hp 3.8 l / 99 g
MINI Cooper SD: 105 kW / 143 hp 4.3 l / 114 g
MINI Cooper S: 135 kW / 184 hp 5.8 l / 136 g
MINI One Clubman: 72 kW / 98 hp 5.5 l / 129 g
MINI One D Clubman: 66 kW / 90 hp 3.9 l / 103 g
MINI Cooper Clubman: 90 kW / 122 hp 5.5 l / 129 g
MINI Cooper D Clubman: 82 kW / 112 hp 3.9 l / 103 g
MINI Cooper SD Clubman: 105 kW / 143 hp 4.4 l / 115 g
MINI Cooper S Clubman: 135 kW / 184 hp 5.9 l / 137 g
MINI One Cabrio: 72 kW / 98 hp 5.7 l / 133 g
MINI Cooper Cabrio: 90 kW / 122 hp 5.7 l / 133 g
MINI Cooper D Cabrio: 82 kW / 112 hp 4.0 l / 105 g
MINI Cooper SD Cabrio: 105 kW / 143 hp 4.5 l / 118 g
MINI Cooper S Cabrio: 135 kW / 184 hp 6.0 l / 139 g
BMW Group Investor Presentation, May 2011, Page 96
Fuel consumption figures: litres/100 km in EU test cycle, CO2 figures: g/km
*EfficientDynamics Edition
SIGNIFICANT REDUCTION EMISSIONS EU FLEET 1995 2010.
EU (EU 15) fleet emissions (g CO2/km) BMW Group, 1995 - 2010: > - 30%
BMW Group Investor Presentation, May 2011, Page 97
CO2 EMISSIONS OF NEW CARS REGISTERED IN GERMANY IN 2010.
100 BMW Group Performance BMW 139kw MINI 89kw Audi 127kw Jaguar 213kw MB 124kw Lexus 181kw Porsche 264kw VW 87kw Volvo 120kw 165 204

g CO2/km

BMW Group Investor Presentation, May 2011, Page 98
Source: Federal Motor Transport Authority (KBA)
EFFICIENTDYNAMICS NEXT STEPS (EXAMPLES).

New turbocharged Engines

Thermoelectric Generator

Solar roof

BMW Group Investor Presentation, May 2011, Page 99
Predictive Energy Management
NEXT STEPS THERMOELECTRIC GENERATOR.
Technology transfer from deep space exploration to the automotive industry. Direct conversion of thermal into electrical energy. Up to 5% lower fuel consumption.

Electrode Thermoelectric Material p n Heat Source (Exhaust)
Ready for series production in ~ 5 years.

Heat Sink (Coolant)

Application: Power Generation for Deep Space Exploration
BMW Group Investor Presentation, May 2011, Page 100
NEXT STEPS PREDICTIVE ENERGY MANAGEMENT.
Merging all available sensor information Prediction of upcoming situations
Brake Energy Regeneration Heatmanagement Auto Start Stop Function Green Routing / Driver assistence Aerodynamics
ACC Navigation Camera Light/Rain Sensor PDC DSC DME
Optimized vehicle conditioning

Air conditioning

BMW Group Investor Presentation, May 2011, Page 101
BMW Group Investor Presentation, May 2011, Page 102

VALUE ORIENTATION.

Automobiles: Return on Capital Employed Vehicle projects: Model return based on DCF
BMW Group Investor Presentation, May 2011, Page 103
Motorcycles: Return on Capital Employed Vehicle projects: Model return based on DCF
Financial Services: Return on Equity Finance & lease portfolio: Cash flows
EFFECTS ON AUTOMOBILES SEGMENTS EARNINGS IN 2010.
Volume/ Mix/Market Raw material

+4,355

Depreciation

+4,409

Bonus, profitsharing, special payments Number ONE efficiency measures
Other operating income expenses

+334 -265 -244

EBIT 2009 EBIT margin -0.6%

EBIT 2010 +8.0%

BMW Group Investor Presentation, May 2011, Page 104
EBIT MARGIN DEVELOPMENT AUTOMOBILES SEGMENT.

-0.Q1/11

BMW Group Investor Presentation, May 2011, Page 105
NET INTEREST-BEARING ASSETS AUTOMOBILES SEGMENT.

31.12.2010

+ 1,134
Marketable securities Internal net financial Receivables from Financial Services Segment

+ 5,127

Internal net financial Receivables from Other Entities Segment

-1,123

Financial liabilities

+ 5,585

Cash and cash equivalents
Net interestbearing assets

31.03.2011

In euro million + 1,109
Marketable securities Cash and cash equivalents
BMW Group Investor Presentation, May 2011, Page 106

0.80 Jan 00 Jul 00 Jan 01 Jul 01 Jan 02 Jul 02 Jan 03 Jul 03 Jan 04 Jul 04 Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Spot rate BMW Group Investor Presentation, May 2011, Page 112 Equilibrium rate
SPOT & EQUILIBRIUM RATE EURO GBP.
0.50 Jan 00 Jul 00 Jan 01 Jul 01 Jan 02 Jul 02 Jan 03 Jul 03 Jan 04 Jul 04 Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11
Spot rate BMW Group Investor Presentation, May 2011, Page 113
SPOT & EQUILIBRIUM RATE EURO JPY.
90 Jan 00 Jul 00 Jan 01 Jul 01 Jan 02 Jul 02 Jan 03 Jul 03 Jan 04 Jul 04 Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11
Spot rate BMW Group Investor Presentation, May 2011, Page 114
BMW Group Investor Presentation, May 2011, Page 115
GLOBAL FUNDING OBJECTIVES.

Financial Flexibility

Ensure sustainable access to international financial markets. Explore and maintain presence and competence in all strategic important capital markets worldwide.

Financial Independence

Ensure independence from individual lenders, banks and financial Instruments. Diversification of funding sources, investors and products.

Value Orientation

Create value by optimizing financing costs on overall Group basis. Credit spread management for each financial instrument. Ensure long-term, strategic perspective (instrument mix).
The different objectives are interdependent and of equal importance.
BMW Group Investor Presentation, May 2011, Page 116
CORPORATE FINANCE CAPABILITIES.
Categories of available instruments over the spectrum of maturities: <1yr CP ABCP 1yr (EMTN) PPs ABS - Term 2yrs 3yrs Bonds Retail Institutional 4yrs 5yrs 7yrs 10yrs+
Customer Deposits / Brokered CDs

Bank Loans

CP Attractive and flexible shortterm funding. Deposits: Diversification of funding instruments and investors (EMTN) Private Placements Attractive funding source. Effective management of spreads provides support for the short end of the BMW Credit Curve. Retail Diversification of investor base. Limited potential of opportunistic access. Institutional Highest liquidity and depth of the market, i.e. highest funding potential. Typical for Benchmark bonds. Creation of a BMW Credit Spread Curve.