Investor Presentation

THE BMWGROUP IS COMMITTED TO PLAYING A KEY ROLE IN TOMORROW’S MOBILITY AND IS INVESTING SUBSTANTIAL AMOUNTS IN NEWTECHNOLOGIES.

R&D Expenditure * [in m€, HGB]

R&D Ratio ** [in %, HGB]

8,000

7.1

7,000

6.3

6.2

6.5

6,890

Long-term target ratio: 5%-5.5 %

5.7

6,000

5.6

5.5

6,108

5.1

5.6

5.4

4.9

4,792

5,000

5,164

4.8 4.6

3,952

5,169

4,000

4,566

3,208 3,144

2,864

2,773 3,373

3,000

2,448

2,000

1,000

0

2006 2007 2008 2009 2010 2011 2012 2013*** 2014 2015 2016 2017 2018

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, November 2019

Page 46

** R&D Ratio: R&D expenditure divided by Group revenues. *** 2013 figures have been adjusted in accordance with IAS 8.