BMW GROUP

INVESTOR PRESENTATION

May 2017
 VISION

COMPETITIVE
ADVANTAGE

STRATEGIC
APPROACH

CORPORATE
CULTURE
BMW Group Investor Presentation, May 2017 Page 2
STRATEGY NUMBER ONE NEXT.

We are Number ONE.

We inspire people on the move: We shape
tomorrows individual premium mobility.

BMW Group Investor Presentation, May 2017 Page 3

ACES ARE A CORE ELEMENT OF STRATEGY NUMBER ONE > NEXT.

AUTONOMOUS CONNECTED

ELECTRIFIED CUSTOMER FOCUS SHARED / SERVICES

BMW Group Investor Presentation, May 2017 Page 4

BMW GROUPS ELECTRIFICATION PATHWAY.

SCALABILITY
AND FLEXIBILITY

ELECTRIFICATION OF
CORE PORTFOLIO BMW iNext
MINI BEV
Roll-out i Performance BMW X3 BEV
Upgrade BMW i3
MINI Electric

PIONEERING

Building-up expertise
Technology innovation
Project i

BMW Group Investor Presentation, May 2017 Page 5

BMW iPERFORMANCE AND BMW i BALANCING THE PRODUCT PORTFOLIO.

DYNAMIC EFFICIENT

BMW brand framework for product portfolio

M Core Models M Performance Core Models PHEVs BEVs

High Performance Electrified Visionary

Performance Champions Efficiency Mobility
Champions

The interplay of BMW M and BMW i enhances competitive differentiation

(representation of the scope of the BMW brand).

BMW Group Investor Presentation, May 2017 Page 6

 MORE THAN 135,000 ELECTRIFIED BMW VEHICLES SOLD BY
YTD APRIL 2017.
530e iPerformance

i3 94 Ah BMW X1 MINI Cooper

xDrive25Le SE Countryman
160,000 iPerformance*
225xe
iPerformance 740e / 740 Le
140,000 i3 accumulated i8 accumulated BMW & MINI PHEV accumulated
iPerformance

120,000
330e
iPerformance
100,000
X5 xDrive40e
iPerformance
80,000

530Le*
60,000

i8
40,000
i3 60 Ah

20,000

*Only available in China

BMW Group Investor Presentation, May 2017 Figures represent cumulative sales of Battery Electric Vehicles (BEV) and Plug-in Hybrid Vehicles (PHEV) Page 7
iPerformance = Plug-in Hybrid Vehicles (PHEV)
SIGNIFICANT NUMBER OF ELECTRIFIED MODELS ARE ALREADY ON THE STREET
AND MORE TO COME.

MINI BMW X3 BMW

BATTERY BMW i3 60 Ah BMW i3 94 Ah BEV BEV iNEXT
ELECTRIC
VEHICLES

2013 2014 2015 2016 2017 2018 2019 2020 2021

BMW 225xe BMW X1 xDrive25Le BMW i8 Roadster
BMW i8 BMW 530Le*
iPerformance iPerformance*
PLUG-IN
HYBRIDS

BMW X5 xDrive40e BMW 330e BMW 530e

iPerformance iPerformance iPerformance

BMW 740e MINI Cooper S E

iPerformance Countryman ALL4

BMW Group Investor Presentation, May 2017 * Only available in China Page 8
AUTOMATED DRIVING.
CHANGING FRAMEWORK LEADS TO NEW DEFINITION OF FUTURE MOBILITY.

BMW Group Investor Presentation, May 2017 Page 9

THE NEW BMW 5 SERIES DRIVER ASSISTANCE PROVIDES
COMFORT AND SAFETY AT THE HIGHEST LEVEL.

Crossing traffic Lateral parking aid Distance information

Top View Remote warning rear / front Night Vision Lane departure warning
Lane keeping assistant with active side collision protection
Active cruise control with Stop&Go function
Rear collision prevention
Crossroad
Assist

Wrong Way Assist

Lane change warning

Speed Limit Assist

3D View
Approach control warning with braking function
Top View
Steering and lane control assistant
Parking assistant
Speed limit and
No Pass
Active Park Distance Control information
BMW Selective Beam Panorama View

Remote Control Parking Speed Limit Device

BMW Group Investor Presentation, May 2017 Page 10

THE NEXT STEPS ARE HIGHLY AND FULLY AUTONOMOUS DRIVING.

0 1 2 3 4 5

Driver Feet off Hands off Eyes off Mind off Passenger

Partially Highly Fully

No assistance Assisted Autonomous
automated automated automated

Human Transfer of responsibility Machine

BMW Group Investor Presentation, May 2017 Page 11

ARCHITECTURE FOR AUTOMATED DRIVING.
END-TO-END WITH ALL KEY-TECHNOLOGIES.

E/E ARCHITECTURE BACKEND BACKEND SECURITY

CD FAS MS
Backend Backend Backend

SENSORS ENVIRONMENT MODEL VEHICLE SECURITY

HD-MAP OBJECTS AND FREE SPACE

MOTION CONTROL FAD DRIVING FUNCTION ARTIFICIAL INTELLIGENCE

TRAJECTORY PLANNING DRIVING STRATEGY

BMW Group Investor Presentation, May 2017 Page 12

HD-MAP, SENSORS, AI/ENVIRONMENT MODEL AND MOTION CONTROL PLAY
A KEY ROLE IN THE ARCHITECTURE OF AUTOMATED DRIVING.

AI / ENVIRONMENT VEHICLE
HD-MAP BACKEND SENSORS
MODEL INTEGRATION

centimeter precision camera object fusion motion control

real-time capable radar free space detection safe vehicle management
highly available and reliable lidar road model up to the limits
ultra-sonic prediction fail operational architecture
inertial sensor driving strategy / planning

Cross-industry Cooperation. Trilateral Cooperation.

BMW Group Investor Presentation, May 2017 Page 13

EXPANDING OUR MOBILITY SERVICES.

BMW Group Investor Presentation, May 2017 Page 14

GLOBAL ANNUAL PREMIUM SEGMENT SALES ARE EXPECTED TO GROW TO
9.5 MN UNITS BY 2021.
10,000

9,000 Rest of World, CAGR +3.8%

8,000 BRIKT*, CAGR +5.8%

7,000 China, CAGR +4.9%

6,000
Japan, CAGR +0.9%
5,000

Region (000 units) 2016 2021 Chg. North America, CAGR +2.9%
4,000
World 8,184 9,519 16%
3,000 Rest of World 629 789 25%
BRIKT* 457 642 40%
2,000 China (Mainland) 1,968 2,629 34%
Western Europe, CAGR -0.2%
Japan 240 252 5%
1,000 North America 1,914 2,270 19%
Western Europe 2,976 2,936 -1%
0
2016 2017 2018 2019 2020 2021

BMW Group Investor Presentation, May 2017 Source: Global Insight 12/2016 *BRIKT refers to Brazil, Russia, India, South Korea and Turkey Page 15
 BMW GROUP TO LAUNCH 40 NEW OR REVISED MODELS BY END OF 2018.

LUXURY

BMW M760Li BMW i8 BMW X7 BMW 8 series

Roadster Coup

BMW 5 series family

BMW 4 series family LCI BMW X3

MINI MINI Cooper S E BMW 1series BMW 2 series Coup, BMW 1 series LCI BMW X2
SMALL/ Countryman Countryman ALL4 sedan (China) Convertible & M2 Coup LCI (3&5 door)
COMPACT

2017 2018

Schematic illustration of future launch dates

BMW Group Investor Presentation, May 2017
LCI = Life Cycle Impulse
Page 16
SEVENTH GENERATION OF BMW 5 SERIES.
SPORTINESS AND EVERYDAY USABILITY.

BMW Group Investor Presentation, May 2017 Page 17

BMW 1 SERIES SEDAN.
SPORTY, HIGHLY EMOTIONAL MODEL EXCLUSIVELY FOR THE CHINESE MARKET.

BMW Group Investor Presentation, May 2017 Page 18

KEEPING THE LEAD.
FURTHER EXPANSION OF THE X-PORTFOLIO PLANNED UNTIL 2020.

BMW X1 BMW X2* BMW X3 BMW X4

BMW X5 BMW X6 BMW X7

BMW Group Investor Presentation, May 2017 *Concept Car Page 19

BMW GROUP ACHIEVES SIXTH CONSECUTIVE ALL-TIME SALES HIGH AND
REMAINS WORLDS LEADING PREMIUM CAR COMPANY IN FY 2016.

2,367,603 +5.3%

2,003,359 +5.2%

360,233 +6.4%

4,011 +6.0%

145,032 +5.9%

BMW Group Investor Presentation, May 2017 Sales figures FY-2016 Page 20
BMW GROUP AUTOMOTIVE: BALANCED SALES DISTRIBUTION AND SOLID
FY 2016 GROWTH OF +5.3% TO NEW RECORD OF 2,367,603 VEHICLES.
Asia (w/o China)
Americas Europe Mainland China
& Rest of World

+9.2%

-7.2% +11.4%
+3.0%

19% 46% 22% 13%

460,398 units 1,092,155 units 516,785 units 298,265 units

BMW Group Investor Presentation, May 2017 Sales figures FY-2016 (figures may not add to 100% due to rounding) Page 21
BMW GROUP SALES CONTINUE TO GROW THROUGH APRIL 2017.

779,736 +5.8%

668,095 +6.2%

110,643 +3.6%

998 +17.0%

53,551 +5.9%

BMW Group Investor Presentation, May 2017 Sales figures April 2017 Page 22
BMW GROUP AUTOMOTIVE: BALANCED SALES DISTRIBUTION AND SOLID
YTD-2017 GROWTH OF +5.8% TO A NEW RECORD OF 779,736 VEHICLES.
Asia (w/o China)
Americas Europe Mainland China
& Rest of World

+3.4%

+18.2%
-1.3% +3.7%

18% 45% 24% 13%

136,291 units 352,703 units 191,697 units 99,045 units

BMW Group Investor Presentation, May 2017 Rolls Royce is included in Rest of World, YTD April 2017 (figures may not add to 100% due to rounding) Page 23
BMW GROUP AUTOMOTIVE MAJOR MARKETS.
DELIVERIES TO CUSTOMERS YTD APRIL 2017.

Deliveries of automobiles YTD 2017 YTD 2016 Change in %

Europe 352,703 341,197 3.4
thereof Germany 1) 101,017 100,334 0.7
Great Britain 78,638 74,971 4.9
France 29,139 27,784 4.9
Italy 28,208 26,579 6.1

Americas 136,291 138,033 -1.3

thereof USA 108,038 111,199 -2.8

Asia 268,215 234,463 14.4

thereof China Mainland 191,697 162,221 18.2

thereof BBA retail sales 123,006 103,650 18.7
Japan 24,242 22,936 5.7

Rest of the World (incl. RR) 2) 22,527 23,240 -3.1

Total 779,736 736,933 5.8

1) Registrations 2) Rolls-Royce sales are included in Rest of the World

BMW Group Investor Presentation, May 2017 Page 24
BMW AND MINI RETAIL DEVELOPMENT IN MAINLAND CHINA YTD APRIL 2017.
Share of JV Sales
62% 59% 53% 48% 32% 41% 43% 51% 61% 61% 61% 64% 64%
+1.7% +11.3%
516.4
+16.7 %
456.0 463.7
in 000 units
+19.7 %
390.7
Import JV Sales +40.3 % 316.2
326.4
275.9 282.0
198.5
+37.6 % +18.2%
232.6 141.2
+86.7 %
191.7
169.0 94.4
162.2
+37.5 %
+27.5 % 53.7
123.0
+41.9%
90.5 200.2
103.7
185.3 192.2 180.1 181.7
65.8
51.6 43.7
115.3
138.2
36.4 35.2
30.6 58.6 68,7
22.6 46.8
13.8 21.0 30.7

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD 2016 YTD 2017

BMW Group Investor Presentation, May 2017 Page 25

BMW MOTORRAD.
WIDER RANGE THAN EVER BEFORE.

URBAN
ADVENTURE TOUR SPORT ROADSTER HERITAGE MOBILITY

BMW Group Investor Presentation, May 2017 Page 26

BMW GROUP FINANCIAL SERVICES AT A GLANCE.

Global Presence as of 03/2017 Business Lines as of 03/2017

Global Operations in 58 Countries

Retail Finance Dealer Finance

90.4 bn 18.6 bn

~ 4.8 Million Serviced Retail Contracts Fleet Business Multi Make Financing
11.8 bn 8.3 bn
EU Bank
29% 28%
Americas

Insurance Banking
18% 25%
Asia, Pacific EMEA 3.5 mn contracts 10.0 bn

BMW Group Investor Presentation, May 2017 Page 27

SIGNIFICANT CONTRIBUTION OF FINANCIAL SERVICES TO BMW GROUP PROFIT.

Profit before Tax (PBT) Financial Services

[in mn ]
2,166
SF
19% 1,975
1,7903) 1,723
4) 1,619
1,561
439
124
2)
1,214
122

743
570 595

365

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Q1-2016 Q1-2017
-2921)

1) FY-08 EBT includes a negative effect of EUR 1,057 million from additional credit and residual value risk provisions.
2) FY-10 EBT includes a positive effect of EUR 122 million from better than expected off-lease business.
BMW Group Investor Presentation, May 2017
3) FY-11 EBT includes a positive effect of EUR 439 million from adjustment of residual value and credit risk provisions and a better than expected off-lease business. Page 28
4) FY-12 EBT includes a positive effect of EUR 124 million from better than expected off-lease business.
BMW GROUP FINANCIAL SERVICES.
SOLID DEVELOPMENT OF CREDIT LOSS RATIO.
Credit loss ratio*
[in %]
0.84

0.67

0.59

0.49 0.50
0.48
0.46 0.46

0.37
0.32 0.33
0.29

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Q1-2016 Q1-2017

* Definition Credit Loss Ratio : credit losses in relation to the average serviced portfolio. Credit losses: all write offs, meaning the lost receivable including accumulated interest and other costs
BMW Group Investor Presentation, May 2017
less utilized collateral. Income related to the recovery process after write off is also taken into consideration. Page 29
BMW GROUP FINANCIAL YEAR 2016. POSITIVE BUSINESS DEVELOPMENT
DESPITE CHALLENGING POLITICAL AND ECONOMIC CONDITIONS.

BMW Group FY-2016 FY-2015 Change in %

Earnings before tax Group (in m) 9,665 9,224 +4.8
EBT margin (in %) Group 10.3 10.0 +0.3 pp
Automotive Segment
Automotive sales (units) 2,367,603 2,247,485 +5.3
Earnings before interest and tax (EBIT) (in m) 7,695 7,836 -1.8
EBIT margin (in %) 8.9 9.2 -0.3 pp
Net financial assets (m)* 19,520 16,911 +15.4
Motorcycles Segment
Sales (units) 145,032 136,963 +5.9
Earnings before interest and tax (EBIT) (in m) 187 182 +2.7
EBIT margin (in %) 9.0 9.1 -0.1 pp
Financial Services
Earnings before tax (EBT) (in m) 2,166 1,975 +9.7
Penetration rate (in %)* 49.6 46.3 +3.3 pp
Credit loss ratio (in %)* 0.32 0.37 -0.05 pp

BMW Group Investor Presentation, May 2017 *As of 31 December 2015/2016 Page 30
BMW GROUP Q1-2017. NEW SALES VOLUME, REVENUES AND EARNINGS
RECORDS IN FIRST QUARTER.
.
BMW Group Q1-2017 Q1-2016 Change in %
Earnings before tax Group (in m) 3,005 2,368 +26.9
EBT margin (in %) Group 12.8 11.4 +1.4 pp
Automotive Segment
Automotive sales (units) 587,237 557,605 +5.3
Earnings before interest and tax (EBIT) (in m) 1,871 1,763 +6.1
EBIT margin (in %) 9.0 9.4 -0.4 pp
Net financial assets (m)* 21,243 17,511 +21.3
Motorcycles Segment
Sales (units) 35,636 33,788 +5.5
Earnings before interest and tax (EBIT) (in m) 125 94 +33.0
EBIT margin (in %) 20.1 16.2 +3.9 pp
Financial Services
Earnings before tax (EBT) (in m) 595 570 +4.4
Penetration rate (in %)* 49.2 46.1 +3.1 pp
Credit loss ratio (in %)* 0.33 0.29 +0.04 pp

BMW Group Investor Presentation, May 2017 *As of 31 March 2016/2017 Page 31
EBIT MARGIN IN THE AUTOMOTIVE SEGMENT WITHIN OR ABOVE TARGET RANGE
OF 8-10% SINCE 2010.
EBIT margin development automotive segment
[in %]

15.0 14.4

14.0

13.0
11.9 11.9 11.7
12.0 11.6 11.6

11.0 10.5
10.2
9.9
10.0 9.6 9.6 9.6 9.5 9.6
9.2 9.4 9.5 9.4 9.5
9.0 9.1 9.1 9.0 Target corridor:
9.0 8.4 8.5 8.3
8.1 8.2 8-10 %
8.0

7.0

BMW Group Investor Presentation, May 2017 Page 32

AUTOMOTIVE SEGMENT.
2015 TO 2016 EBIT DEVELOPMENT.

In m
+200 -70 +89 -143
-217

7,836
7,695

EBIT Net effect from Other Volume/ Depreciation Other changes EBIT
exchange rates/ operating Mix/
2015 commodities income and Market 2016
EBIT margin expenses EBIT margin
9.2% 8.9%

BMW Group Investor Presentation, May 2017 Page 33

SOLID FREE CASH FLOW DEVELOPMENT IN THE AUTOMOTIVE SEGMENT.

Free Cash Flow (Automotive)*

[in m]

5,792
5,404

4,471
3,809
3,481
3,166 3,003
Target:
2,277 > 3 billion

1,456 1,599

532
197

2007 2008 2009** 2010 2011** 2012 2013** 2014 2015 2016 Q1-2016 Q1-2017

* Definition: Free cash flow corresponds to the cash inflow from operating activities of the Automobiles segment less the cash outflow for investing activities of the Automobiles segment adjusted for net
BMW Group Investor Presentation, May 2017 investment in marketable securities and term deposits. 2009 2015 as reported, 2007 & 2008 calculated according to above definition from reported figures. No cash flow reporting on segment level in 2006. Page 34
** 2009, 2011, 2013 figures have been adjusted in accordance with IAS 8.
ONGOING RESEARCH & DEVELOPMENT PROJECTS TO MAKE BMW GROUP
FUTURE PROOF.
R&D Costs* R&D Ratio**
[in m, HGB] [in %, HGB]
6,000 10

5,000
8

7
4,000 6.3
5.6 5.7 5.6 5.5 5.6
5.4 6

4.8 4.9 5.1 Target ratio:

4.6 4.7
3,000 5
5-5.5 %
5,169 5,164
4,792 4,566
4

2,000 3,952 3
3,144 3,373
2,864 2,773
2,448 2
1,000
1,317 1
974
0 0

2007 2008 2009 2010 2011 2012 2013*** 2014 2015 2016 Q1-2016 Q1-2017
HGB: German Commercial Code
* R&D Expenditure: Research and development expenses plus capitalized research and development cost minus amortization of capitalized development costs.
BMW Group Investor Presentation, May 2017 ** R&D Ratio: R&D expenditure divided by Group revenues. Page 35
*** 2013 figures have been adjusted in accordance with IAS 8.
TIGHT MANAGEMENT OF CAPITAL EXPENDITURE TO ACHIEVE TARGET RATIO.

BMW Group Capital Expenditure* Capex Ratio**

[in m] [in %]
6,000 10

5,000
8

6.5 7
4,000
5.7 5.6 5.7
5.2 5.4 3,731 6

3,000 4.7 5
Target ratio:
4.0 4.2 4.0 <5%
3.8 4,967 4
4,601
2,000 4,151
3,826 2.6 3

2,777 2,933 2,980 2,720 1.9

2,383 2,312 2
1,000

405 605
0 0

2006 2007 2008 2009 2010 2011 2012 2013*** 2014 2015 2016 Q1-2016 Q1-2017

* Capital Expenditure: additions to property, plant and equipment and other intangible assets (definition has been changed in 2016).
BMW Group Investor Presentation, May 2017 ** Capital expenditure ratio: Capital expenditure divided by Group revenues. Page 36
*** 2013 figures have been adjusted in accordance with IAS 8.
OUTLOOK FOR 2017.
POSITIVE BUSINESS DEVELOPMENT EXPECTED DESPITE CHALLENGES.

BMW Group
Slight increase in EBT compared with previous year

Automotive Segment
Slight increase in deliveries and revenues compared with the previous year
EBIT margin in the target range of 8-10%
Slight decrease of Return on Capital Employed (RoCE)

Financial Services Segment

Return on equity of at least 18%, slight decrease compared to previous year

Motorcycles Segment
Significant increase in deliveries compared with the previous year
EBIT margin in the target range of 8-10%
Return on Capital Employed (RoCE) at previous years level
BMW Group Investor Presentation, May 2017 Page 37
FINANCIAL TARGETS 2020: SUSTAINABLE GROWTH AND SOLID PROFITABILITY
DESPITE CHALLENGES.

BMW Group 2016 2020

EBT margin 10.3% >10%
Investment ratio* 4.0% <5.0%
Research and development ratio 5.5% 5.0 - 5.5%
Payout ratio 33.3% 30 - 40%
Automotive Segment
EBIT margin 8.9% 8 -10%
Free Cashflow 5.8 bn >3 bn
Motorcycles Segment
Sales volume 145,032 units > 200,000 units
EBIT margin 9.0% 8 -10%
Financial Services Segment
Return on Equity 21.2% >18%
* Investments in property, plant and equipment and other intangible assets (without capitalized development costs).

BMW Group Investor Presentation, May 2017 Page 38

 MAINTAINING THE AUTOMOTIVE EBIT MARGIN IN THE CORRIDOR OF 8-10%
DESPITE ONGOING CHALLENGES.

Market and
Regulatory
Future costs competitive Volatility
requirements
environment

10 %

Ongoing efficiency
measures to compensate
the cost burden
8%

Expansion & optimization Retail sales growth New technologies/ Reduction of Benefits from Efficiency
product portfolio Autos and Motorcycles equipment options material costs digitalization measures
BMW Group Investor Presentation, May 2017 Page 39
BMW GROUPS FINANCE STRATEGY COVERS THE ENTIRE
AUTOMOTIVE VALUE CHAIN.

BMW GROUP CORPORATE FINANCE STRATEGY REFLECTS THE INDUSTRIAL NATURE OF THE BUSINESS
AND IS FOCUSED ON THE ENTIRE AUTOMOTIVE VALUE CHAIN.

Automotive value chain

Research & Development Production Sales & Marketing Financial Services

BMW Group Investor Presentation, May 2017 Page 40

DIVERSIFIED FUNDING MIX WITH A COMBINATION OF INDUSTRY AND BANK
TYPICAL FINANCING INSTRUMENTS.

Funding Instruments Financial Debt as of 31.03.2017

Derivative Other
<1yr 1yr 2yrs 3yrs 4yrs 5yrs 7yrs 10yrs+
Commercial instruments 1%
paper 3%
3%
CP (EMTN) PPs Bonds

Banks loans

ABS
Liabilities from
ABCP
customer deposits
14%
Customers deposits

Fed
BCDs
Bonds
Funds 46%
Liabilities to 97.4 bn
banks
Industry-typical Bank-typical 16%
instruments instruments

ABS
17%

BMW Group Investor Presentation, May 2017 Page 41

BMW GROUP INVESTOR RELATIONS.
CONTACTS.

Torsten Schssler Bernd Daser Patrick Neumayer

Head of Investor Relations Debt & Equity IR Debt & Equity IR
Americas

+49-89-382-25387 +49-89-382-31684 +1-201-307-4210

torsten.schuessler@bmw.de bernd.daser@bmw.de patrick.neumayer@bmwna.com

Tanja Seiler Andreas Stffler Ziye Zhou

Equity & SRI IR Equity IR Debt & Equity IR

+49-89-382-75161 +49-89-382-17944 +49-89-382-16190

tanja.seiler@bmw.de andreas.stoeffler@bmw.de ziye.zhou@bmw.de

IR Contact
BMW Group Investor Relations
http://www.bmwgroup.com/ir
Petuelring 130
80788 Munich ir@bmwgroup.com

BMW Group Investor Presentation, May 2017 Page 42

BMW GROUP INVESTOR RELATIONS.
FINANCIAL CALENDAR 2017 & 2018.

04.05.2017 Quarterly Report to 31 March 2017

11.05.2017 Annual General Meeting 2017

03.08.2017 Quarterly Report to 30 June 2017

07.11.2017 Quarterly Report to 30 September 2017

21.03.2018 Annual Accounts Press Conference

22.03.2018 Analyst and Investor Conference

http://www.bmwgroup.com/ir

BMW Group Investor Presentation, May 2017 Page 43

BMW GROUP INVESTOR RELATIONS.
ON THE ROAD 2017.

09.05.2017 Evercore Conference New York

15.-18.05.2017 Canada & US West Coast Roadshow Toronto, L.A., San Francisco

17./18.05.2017 UniCredit Automotive Credit Conference London

24.05.2017 Berenberg Conference New York

31.05.2017 Natixis Industrials Conference Paris

05./06.06.2017 J.P. Morgan Global China Summit 2017 Beijing

13.06.2017 J.P. Morgan European Automotive Conference London

13.06.2017 Berenberg Madrid Seminar 2017 Madrid

14.06.2017 Scotland Roadshow Edinburgh

21.06.2017 dbAccess Berlin Conference Berlin

http://www.bmwgroup.com/ir

BMW Group Investor Presentation, May 2017 Page 44

DISCLAIMER.

This document contains forward-looking statements that reflect BMW Groups current views about future events. The words
anticipate, assume, believe, estimate, expect, intend, may, can, could, plan, project, should and
similar expressions are used to identify forward-looking statements.

These statements are subject to many risks and uncertainties or may be affected by factors outside BMW Groups control,
including adverse developments in global economic conditions resulting in a decline in demand in BMW Groups key
markets, including China, North America and Europe; a deterioration in credit and financial markets; a shift in consumer
preferences affecting demand for BMW Groups products; changes in the prices of fuel or raw materials; disruption of
production due to shortages of materials, labor strikes or supplier insolvencies; the effective implementation of BMW
Groups strategic goals and targets; changes in laws, regulations and government policies, particularly those relating to
vehicle emissions, fuel economy and safety; and other risks and uncertainties, including those described under the heading
Report on Risks and Opportunities in BMW Groups most recent Annual Report.

If any of these risks and uncertainties materializes or if the assumptions underlying any of BMW Groups forward-looking
statements prove to be incorrect, actual results may be materially different from those BMW Group expresses or implies by
such statements. BMW Group does not intend or assume any obligation to update these forward-looking statements.

BMW Group Investor Presentation, May 2017 Page 45