Investor Relations.

+++ 1^st half-year: Group EBT totals € 16.2 billion (EBT margin: 24,5%) +++ 1^st half-year: EBIT margin Auto of 8.5% (excluding consolidation effects related to BBA: 12.6%) +++ 2^nd quarter: Free cash flow of €3 billion in Auto Segment +++ Annual outlook for EBIT margin in auto segment confirmed: 7-9% +++ BEV sales more than double in 1^st half-year (+110.3%) +++ Persistent supply bottlenecks ‒ solid sales volume growth in 2^nd half-year yoy expected +++ Zipse: “High degree of resilience and flexibility” +++ NEUE KLASSE defines what BMW Group stands for +++

Munich. In a highly volatile environment, the BMW Group remained on course in the first half of 2022. With flexibility and expertise, the company encountered challenges including continued supply chain disruptions and bottlenecks for semiconductors and specific supplier parts.

The BMW Group’s underlying strength and operational excellence was reflected in its profits for the first six months: Despite the volatility, the company earned a Group EBT margin of 24.5% (Q2 2022: 11.3%). The revaluation of the previously held shares in the Chinese joint venture BMW Brilliance Automotive Ltd. (BBA) contributed to the high return. This revaluation due to full consolidation on February 11 increased the financial result by € 7.7 billion

+++Group half-year sales reach 1,160,443 units+++75,891 all-electric BMW and MINI vehicles sold+++BMW Group expands market leadership of premium segment+++Pieter Nota: “BMW brand number one worldwide in premium automotive segment in first half-year”+++

Munich. The BMW Group sold a total of 75,891 fully-electric BMW and MINI vehicles worldwide in the first half of 2022 – more than doubling its all-electric sales compared to the same period of last year (+110.3%). This growth underlines the company’s focus on ramping up electromobility and confirms the high desirability of its pure electric models among customers worldwide.

“Despite a very challenging environment, we were able to more than double our sales of fully-electric vehicles worldwide in the first half of the year,” said Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands, Sales. “It’s not just our electrified models that are inspiring customers around the globe: Thanks to our innovative and sustainable product line-up, the BMW brand was once again number one worldwide in the premium automotive segment in the first half of the year,” Nota continued.

Repurchased Shares to be largely cancelled, reducing share capital accordingly

Munich. Bayerische Motoren Werke Aktiengesellschaft (BMW AG) has resolved on a share repurchase programme with a value of up to €2 billion (total purchase price excluding ancillary costs), repurchased shares to be largely cancelled, reducing share capital accordingly. This was approved at the Annual General Meeting in May 2022, authorising a share buyback of up to 10% of the share capital within five years. The first programme of €2 billion is set to begin in July 2022 and end no later than December 2023.

Nicolas Peter, member of the Board of Management of BMW AG responsible for Finance: “The share repurchase is evidence of our consistent financial strength and robust liquidity. With our strong operating performance and the full consolidation of our Chinese subsidiary, BMW Brilliance Automotive Ltd., we expect to maintain a strong liquidity position. Our strong investment-grade rating is an important success factor in our transformation story, and we are clearly committing ourselves to maintaining this rating. In addition, all our shareholders – including employees – benefit not only from our reliable dividend policy, but also from this share buyback programme, by an increase in their earnings per share. Share buybacks provide an additional tool to create value for our shareholders and send a signal of our long-term strength to the capital markets. We continue to focus on the successful long-term growth of the company and on optimal allocation of capital. As in the past, the investments needed for the transformation of the BMW Group continue to be a priority and will be funded from operating cash flow.”