Communications MediaInformation3November2021 BMWGroupboostsperformancewithsignificantlyhigherearnings •Automotivesegmentreportsnine-monthfreecashflowof€6.3billion•SegmentEBITesinat11.3%forninemonths•BMWbrandgrowsnine-monthmarketshareinEurope,Asiaand Americas•Deliveriesoffullyelectricvehiclesupby121.4%fornine-monthperiod•Raisedoutlookforfullyear2021confirmed Munich.TheBMWGroupcontinuedtodemonstrateitshighlevelofprofitabilityintheperiodfromJulytoSeptember2021,withrevenues,profitbeforetaxprofitallatrecordlevelsforathirdquarter.TheGroup’sstrongperformanceduringthisperiodwasdriveninparticularbyfavourableproductmixfactorsandpositivepricingeffectsfornewvehiclesaswellasstablesellingpricesofpre-ownedvehicles. TheBMWGroupalsopostednewrecordfiguresfordeliveriestocustomers,revenuesandprofitbeforetaxforthenine-monthperiodand,inlightofthisstrongperformance,confirmeditsoutlookforthefullyearatthequarterlypressconference.Theoutlookforthecurrentyearwasraisedinanad-hocannouncementdated30September,clearlydemonstratingtheGroup'sunderlyingprofitability. Atthesametime,theGroupisrelentlesslydrivingforwardtheprocessofingaclimate-neutralpremiumautomobilemanufacturer. CompanyBayerischeMotorenWerkeAktiengesellschaft PostaladdressBMWAG 80788MunichGermany Telephone+4989-382-18364 "TheBMWGroupshowshowprofitabilityandtransformationgohandinglove.Weseetechnologicalchangeasagreatopportunitytostrengthenourbusinessmodelonasustainablebasis.Withourfocusonclimate-neutralmobility,weareconsistentlydrivingpanyforwardtomakeitfuture-proof,"saidOliverZipse,ChairmanoftheBoardofManagementofBMWAG,inMunichonWednesday. TheBMWGroup’sconsistentfocusonsustainability,ultimatelyleadingtoacirculareconomy,wasunderlinedwiththeunveilingoftheBMWiVisionCircularconceptvehicleattheIAAinMunichinSeptember.Thisfirst,fullyrecycledandrecyclablevisionvehicle CorporateCommunicationsMediaInformationDate3November2021SubjectBMWGroupboostsperformancewithsignificantlyhigherearningsPage2 createdbytheBMWGroupprovidesaforwardglimpseofsustainablepremiummobilityintheyear2040. "Whenestoclimateprotection,therelevantquestionis:howbigisthecarbonfootprintofavehicleoveritsentirelifecycle,includingtheimpactofrawmaterials,industrialproduction,theactiveuseofthevehicleandrecycling?
Thatisthecurrencythatultimatelycountsandtheonebywhichourperformancewillbemeasured,"Zipseemphasised."That'swhyourunderstandingofsustainabilitygoesfarbeyonddevelopinge-drivesystems.Weaimtoleveragecirculareconomyprinciplestoachieveamaximumofclimateprotection–startingwiththesustainableselectionofindividualrawmaterialsforproductionandconsideringthelifecycleofourvehiclesasawhole." E-mobilityexpandingatfasterpace–highgrowthratesachievedTheBMWGroupisswiftlyandsystematicallyexpandingitsrangeofelectrifiedmodels.Withdemandforelectrifiedvehiclesontherise,itsold231,575fullyelectricandplug-inhybridvehiclesduringthefirstninemonthsof2021,twiceasmanyasoneyearearlier(2020:116,400units;+98.9%).Salesoffullyelectricvehiclesgrewparticularlydynamically,risingby121.4%to59,688units(2020:26,957units). Duringthethirdquarter,theBMWGroupreceivedhighlaimfrominternationalautomotiveexpertsandjournalistsalikeforitsnew,fullyelectricBMWiXandBMWi4vehicles.Orderintakeworldwideishighforbothmodels,withdeliveriestocustomersduetostartfromthismonthonwards."WiththeBMWi4andtheBMWiX,wearetakinge-mobilitytoanewlevel.TheBMWiXistheinnovationflagshipthatgivesingBMWmodelsnewcapabilitiesthatinclude5Gtechnology,thelatestgenerationofsoftwareandthemostadvancede-drivetheBMWGrouphaseverdeveloped.TheBMWesstraightfromtheheartoftheBMWbrandandofferscustomersawholenewdimensionofdrivingpleasure.Thestatementwearemakingcouldnotbeclearer:IfavehiclebearstheBMWbadge,thenit'sagenuineBMW–regardlessofthedrivevariant,"saidZipse. TheBMWGroup’selectricmobilitystrategyismovingrelentlesslytowardsitssteeprampupphase.Asearlyas2023,theGroupwillhave25electrifiedmodelsontheroads–13ofthemfullyelectric.Intheperiodupto2025,theBMWGroupissettogrowitssalesof CorporateCommunicationsMediaInformationDate3November2021SubjectBMWGroupboostsperformancewithsignificantlyhigherearningsPage3 fullyelectricvehiclesbyanaverageofmorethan50%annually,deliveringaroundtwomillionfullyelectricvehiclestocustomersbythemiddleofthedecade. GrowthinrevenuesandprofitbeforetaxTheBMWGrouprecordedsignificantsalesvolumegrowthinthefirstninemonthsofthecurrentyear,withdeliveriesrisingby18%to1,932,224units(2020:1,638,167units).Inthethirdquarter,reducedproductionvolumesoftheBMWGroupduetothesupplysituationimpacteddeliveryfigures.DuringtheperiodfromJulytoSeptember,atotalof593,177BMW,MINIandRolls-Roycebrandvehiclesweredeliveredtocustomers(2020:675,592units;-12.2%). Thecontinuationofpositivepricingeffectsfornewandpre-ownedvehiclesaswellasafavourableproductmixmorepensatedforthelowersalesvolume,drivingthirdquarterrevenuesupto€27,471million(2020:€26,283million;+4.5%;adjustedforcurrencyfactors:+3.5%).Revenuegrowthforthenine-monthperiodwasevenmorepronounced,risingsignificantlyto€82,831million(2020:€69,508million;+19.2%;adjustedforcurrencyfactors:+20.5%). Theimprovedpricerationfornewandpre-ownedvehiclesisprimarilyduetotheBMWGroup’sattractiveproductrange,strongcustomerdemandandthegenerallyloweravailabilityofvehiclesduetotheshortageofsemiconductors. "Businessduringthecurrentfinancialyeartodatehasbenefitedsubstantiallyfromthefavourablestablemarketsituationandcontinuedbriskdemand,"saidNicolasPeter,MemberoftheBoardofManagementofBMWAG,Finance."ThelatestsetofreportedfiguresunderlinestheoperationalstrengthoftheBMWGroupanddemonstratesthemitmentofourworkforce."LookingaheadtotheingchangesintheBMWGroup'sbusinessmodel,headded:"Ourabilitytogenerateprofitistheprerequisitefortransformingourbusinessmodel.Ourstatedpolicyistofinancethenecessaryinvestmentsoutofongoingoperations.Withbinationofprudentplanning,goodmanagementandakeenfocusonefficiencyandprofitability,weareexcellentlypositionedtodoso." CorporateCommunicationsMediaInformationDate3November2021SubjectBMWGroupboostsperformancewithsignificantlyhigherearningsPage4 Future-orientedinvestmentsremainathighlevelResearchanddevelopmentactivitiesduringtheperiodunderreportwerefocusedonnewmodelsaswellasontheelectrificationanddigitisationofthevehiclefleetandautomateddriving,inotherwordsonkeyissuesintermsofdrivingtheprocessoftransformationandstrengtheningpany’sfutureviability.R&Dexpensesrecognisedintheestatementamountedto€1,600millioninthethirdquarter,13.8%uponthepreviousyear,takingthetotalforthenine-monthperiodto€4,337million(2020:€4,140million;+4.8%).TotalR&Dexpenditureamountedto€4,369million,slightlylowerthanoneyearearlier(2020:€4,397million;-0.6%). Duetorevenuegrowth,theresearchanddevelopmentratioforthenine-monthperiodfellslightlyfrom6.3%to5.3%(inthethirdquarter:6.5%;2020:5.9%). Groupprofitbeforefinancialresult(EBIT)roseto€10,913million(2020:€2,633million)forthenine-monthperiodandto€2,883million(2020:€1,924million)forthethirdquarter.Inadditiontoimprovedpricingfornewandpre-ownedvehicles,asdescribedabove,EBITalsobenefitedfromtheunchangedlowlevelofallowancesrequiredtoberecognisedforcreditrisks.ThepartialreversaloftheprovisionforEUantitrustproceedingsrecordedinthesecondquarteralsohadapositiveimpactonnine-monthearnings. Thefinancialresultforthenine-monthperiodwaspositiveamountof€2,240million(2020:€329million;inthethirdquarter:€534million;2020:€540million).TheresultfrominvestmentsbenefitedinparticularfromtheGroup’sshareoftheprofitreportedbytheChinesejointventureBMWBrillianceAutomotiveLtd.,Shenyang,whichincreasedto€1,475millionforthenine-monthperiod(2020:€959million;+53.8%). Otherfinancialresultwentuptopositiveamountof€940million(2020:negative€282million;inthethirdquarter:positive€173million;2020:positive€200million),wherebytheimprovementwasmainlyattributabletothecontinuedfavourablefairvaluedevelopmentofinterestratehedgesresultingfromtheriseinyieldcurvesintheUSA.TheremeasurementofinvestmentsheldbytheBMWiVenturesfundaswellastheinvestmentinSGLCarbonhadapositiveimpact. CorporateCommunicationsMediaInformationDate3November2021SubjectBMWGroupboostsperformancewithsignificantlyhigherearningsPage5 Groupprofitbeforetax(EBT)amountedto€13,153million(2020:€2,962million;inthethirdquarter:€3,417million;2020:€2,464million). Thepre-taxreturnonsales(EBTmargin)cameinat15.9%forthenine-monthperiod(2020:4.3%)and12.4%forthethirdquarter(2020:9.4%). Nine-monthdeliveryfiguressignificantlyuponpreviousyearAutomotivesegmentsalesinthethirdquarterof2021wereimpactedbysemiconductorsupplyissues.DeliveriestocustomersinEuropeandAsiaweredown,whereassalesintheAmericasregionroseyearonyear.Overthenine-monthperiod,however,salesgrowthwasrecordedforallmajorregionsworldwide,includinganexcellentperformanceonEuropeanmarkets,wheredeliveriesofBMW,MINIandRolls-Roycebrandvehicleswereupby11.9%to725,721units(2020:648,494units). Thelimitedavailabilityofsemiconductorscausedthird-quarterdeliveriesinAsiatofallto254,739units(2020:288,907units;-11.8%).However,thefigurecontrastssharplywithGroupperformanceoverthenine-monthperiod,duringwhich835,090unitsweredeliveredtocustomers(2020:705,789units;+18.3%). Third-quartersalesfiguresforChinadroppedto203,008units(2020:230,920units;-12.1%).Here,too,figureswerewellupoverthenine-monthperiod,with670,964BMW,MINIandRolls-Roycebrandvehiclesdeliveredtocustomerssincethebeginningof2021,19.7%morethaninthesameperiodoneyearearlier(2020:560,367units). Overall,theBMWGrouphascontinuedtostrengthenpetitivepositioninallkeyregions.Mirroringthispositivetrend,salesvolumegrowthatbrandlevelalsorangedbetween‘solid’and‘significant’forthenine-monthperiod.Worldwide,BMWbrandsalesclimbedby19.3%(2021:1,703,068units;2020:1,427,392units).MINIbranddeliveriesincreasedto224,838units(2020:208,124;+8.0%),wherebythe106.6%growthinsalesofelectrifiedmodels–particularlythefullyelectricMINISE*–contributedconsiderablytotheoverallgrowthrecorded.Theultra-luxurybrandRolls-Roycedelivered4,318unitstocustomersbetweenJanuaryandSeptember,settinganewrecordfortheperiodwithan CorporateCommunicationsMediaInformationDate3November2021SubjectBMWGroupboostsperformancewithsignificantlyhigherearningsPage6 increaseof62.9%(2020:2,651units). Automotivesegmentrevenuesrosesignificantlyto€70,373millioninthefirstninemonthsofthecurrentfinancialyear(2020:€54,829million;+28.3%),ofwhich€22,628millionwererecordedinthethirdquarter(2020:€21,962million;+3.0%). Profitbeforefinancialresult(EBIT)jumpedto€7,945million(2020:€152million;inthethirdquarter:€1,756million;2020:€1,477million;+18.9%),givinganEBITmarginof11.3%(2020:0.3%)forthenine-monthperiodand7.8%(2020:6.7%)forthethreemonthperiodfromJulytoSeptember2021.Asexpected,thethirdquarterwasimpactedtoagreaterdegreebyhigherrawmaterialspricesandfixedcosts(inparticularR&Dexpenses)aswellasbythelowersalesvolume. Thenine-monthfinancialresultrecordedbytheAutomotivesegmentamountedto€1,711million(2020:€615million,inthethirdquarter:€374million,2020:€383million).Asdescribedabove,themaindrivingfactorsweretheimprovedresultfromtheatequityountedChinesejointventureBMWBrillianceAutomotiveLtd.(BBA)andpositivevaluationeffectsrecognisedinotherfinancialresultarisingoninvestmentsheldbytheBMWiVenturesfundaswellasontheinvestmentinSGLCarbon. Segmentprofitbeforetax(EBT)amountedto€9,656million(2020:€767million)forthenine-monthperiodand€2,130million(2020:€1,860million;+14.5%)forthethirdquarter. FreecashflowgeneratedbytheAutomotivesegmentamountedto€1,397millionforthethirdquarterandto€6,299millionforthenine-monthperiod.Theincreaseincashflowsfromoperatingactivitiesmainlyreflectedhigherearningsbeforetaxandthefavourabledevelopmentofworkingcapital.Automotivesegmentfreecashflowforthefullyearisexpectedtobeintheregionof€6.5billion. MotorcyclessegmentreportshigherrevenuesandearningsBMWMotorraddelivered156,609motorcyclesandmaxi-scooters(2020:129,599units;+20.8%)tocustomersinthefirstninemonthsof2021.With48,999unitsrecordedduring CorporateCommunicationsMediaInformationDate3November2021SubjectBMWGroupboostsperformancewithsignificantlyhigherearningsPage7 thethirdquarter,deliveriesparedtothepreviousyearduetomodelchangesandsupplyissues(2020:52,892units;-7.4%).Revenuesrosesignificantlyto€2,262million(2020:€1,716million;+31.8%)forthenine-monthperiod,including€641millionrecordedinthethirdquarter(2020:€637million;+0.6%).SegmentEBITdevelopedordingly,risingsignificantlyto€323millionforthenine-monthperiod(2020:€110million),butremainingbelowthepreviousyearat€39millionforthethirdquarter(2020:€45million;-13.3%).ThesegmentEBITmargincameinat14.3%(2020:6.4%)forthenine-monthperiodand6.1%(2020:7.1%)forthethirdquarter. FinancialServicessegmentreportsstronggrowthinnewbusinessTheFinancialServicessegmentreportedsignificantgrowthinnewbusinesswithretailcustomersintheperiodfromJanuarytoSeptemberwith1,509,195newcreditfinancingandleasingcontractssigned,upby12.4%onthepreviousyear(2020:1,342,803contracts).Newbusinessconcludedwithretailcustomersduringthenine-monthperiodalsorosesharplyby16.2%to€48,000million(2020:€41,311million),withtheChinesemarketinparticularcontributingtotherecordedgrowth. Inthethirdquarter,however,thesupply-relatedreductionindeliveriesresultedinalowernumberofnewcontracts(2021:479,850newcontracts;2020:538,351newcontracts;-10.9%). Overthenine-monthperiod,50.7%ofnewBMWGroupvehicleswereeitherleasedorfinancedbytheFinancialServicessegment(2020:50.5%;+0.2percentagepoints). Segmentearningsdevelopedextremelypositivelyinboththethree-monthandnine-monthperiods.Segmentprofitbeforetax(EBT)reachedanewrecordlevelwith€2,924million(2020:€1,039million,inthethirdquarter:€988million;2020:€458million).Higherrevenuesgeneratedfromtheremarketingofleasereturns,particularlyintheUSAandtheUKalsodroveupearnings.Moreover,segmentprofitbenefitedfromthefavourablerisksituationaswellasthestablemarginsarisingonnewbusiness. CorporateCommunicationsMediaInformationDate3November2021SubjectBMWGroupboostsperformancewithsignificantlyhigherearningsPage8 BMWGroupconfirmsadjustedoutlookforfullyearTheBMWGroupraiseditsoutlookforthefullyearon30September.Withitsattractiveproductportfolio,itexpectstocontinuebenefitingfromasustainedfavourableproductmixandpositivepricingeffectsfornewandpre-ownedvehicles. TheBMWGroupcontinuestoforecastaGroupprofitbeforetaxthatissignificantlyhigherthaninthepreviousyear. TheAutomotivesegmentisexpectedtorecordasolidyear-on-yearincreaseinthenumberofBMW,MINIandRolls-RoycebrandvehiclesdeliveredtocustomersandRoCEisforecasttoimprovesignificantly.TheEBITmarginfortheAutomotivesegmentforthefullyearissettofinishwithinarangeof9.5%to10.5%(outlookpriortothead-hocannouncementdated30September:7%to9%). TheFinancialServicessegmentisforecasttoachieveareturnonequity(RoE)forthefullyearwithinarangeof20to23%(outlookpriortothead-hocannouncement:17%to20%)duetotheimprovedrisksituation. TheMotorcyclessegmentisexpectedtorecordasignificantincreaseindeliveriesonthebackofapositivemarkettrend.TheEBITmarginissettofinishwithinatargetrangeof8to10%,leadingtoaconsiderablyhigherlevelofRoCEthanoneyearearlier. TheBMWGroupalsoreaffirmsitsforecastfornon-financialperformanceindicators.ordingly,theproportionofwomeninmanagementfunctionsisexpectedtoincreaseslightly.Atthesametime,theBMWGroupistargetingafurthersignificantreductioninthecarbonemissionsgeneratedbyitsEUnewvehiclefleet.ordingtocurrentexpectations,carbonemissionspervehicleproducedarelikelytofallmoderately. TheGroup'stargetsfortheyeararetobemetwithaslightlysmallerworkforce.Forecastsforthecurrentyeararebasedontheassumptionthateconomicandpoliticalconditionsworldwidewillnotchangesignificantly.However,anydeteriorationofthesefactorscouldhaveanegativeimpactontheBMWGroup’soutlook."Wearefirmlyoncourse CorporateCommunicationsMediaInformationDate3November2021SubjectBMWGroupboostsperformancewithsignificantlyhigherearningsPage9 tomeetouroutlookforthefullyearandwelookaheadwithconfidence,"saidNicolasPeter."Weexpectthesemiconductorsupplysituationtoremainanissuebeyond2021.” *** CorporateCommunications MediaInformationDate3November2021SubjectBMWGroupboostsperformancewithsignificantlyhigherearningsPage10 TheBMWGroup–anoverview Deliveriestocustomers1Automotivethereof:BMW2 MINIRolls-RoyceMotorcycles Jan.–Sept.2021 Jan.–Sept.2020 Changein% units 1,932,224 1,638,167 18.0 units 1,703,068 1,427,392 19.3 units 224,838 208,124 8.0 units 4,318 2,651 62.9 units 156,609 129,599 20.8 Automotive
segmentEBITmargin % 11.3 0.3 - MotorcyclessegmentEBITmargin % 14.3 6.4 - EBTmarginBMWGroup3 % 15.9 4.3 - Revenuesthereof:Automotive MotorcyclesFinancialServicesOtherEntitiesEliminations €million€million€million€million€million€million 82,83170,373 2,26224,179 3-13,986 69,50854,829 1,71622,055 1-9,093 19.228.331.8 9.6- 53.8 Profitbeforefinancialresult(EBIT)thereof:Automotive MotorcyclesFinancialServicesOtherEntitiesEliminations €million€million€million€million€million€million 10,9137,9453232,869-3-221 2,633 - 152 - 110 - 1,057 - 43 - 1,271 - Profit/lossbeforetax(EBT)thereof:Automotive MotorcyclesFinancialServicesOtherEntitiesEliminations €million€million€million€million€million€million 13,1539,6563242,924378-129 2,962 - 767 - 108 - 1,039 - -290 - 1,338 - etaxes €million -2,946 -785 - Netprofit €million 10,207 2,177 - Earningspermon/preferredshare)
4 € 15.38/15.39 3.20/3.21 - 1Inconnectionwithareviewofitssalespracticesandrelatedreportingpractices,theBMWGrouphasreviewedprior-periodvehicledeliverydataandascertainedthatcertainvehicledeliverieswerenotreportedinthecorrectperiods.BMWGrouphasrevisedthedataonvehicledeliveriesforpreviousyearsretrospectively.FurtherinformationonthismatterisprovidedintheBMWGroupReport2020frompage128.AsBMWGroupcontinuestoenhanceitspoliciesandproceduresregardingretailvehicledeliverydata,itmaynotalwaysbepracticableforBMWGrouptoadjustpriorperioddata(andanysuchadjustmentswouldbeofademinimisnaturewithoutanymaterialimpactonparabilityofperiods). 2IncludingdeliveriestocustomersofthejointventureBMWBrillianceAutomotiveLtd.,Shenyang. 3GroupprofitbeforetaxasapercentageofGrouprevenues. 4Common/preferredstock.putingearningspershareofpreferredstock,earningstocovertheadditionaldividendof€0.02pershareofpreferredstockarespreadoverthefourquartersofthecorrespondingfinancialyear. CorporateCommunications MediaInformationDate3November2021SubjectBMWGroupboostsperformancewithsignificantlyhigherearningsPage11 TheBMWGroup–anOverview 3rdquarter2021 3rdquarter2020 Changein% Deliveriestocustomers1 Automotive units 593,177 675,592 -12.2 thereof:BMW2 units 524,858 585,239 -10.3 MINI units 66,990 89,262 -25.0 Rolls-Royce units 1,329 1,091 21.8 Motorcycles units 48,999 52,892 -7.4 Automotive
segmentEBITmargin % 7.8 6.7 16.4 MotorcyclessegmentEBITmargin % 6.1 7.1 -14.1 EBTmarginBMWGroup3 % 12.4 9.4 31.9 Revenuesthereof:Automotive MotorcyclesFinancialServicesOtherEntitiesEliminations3 €million 27,471 26,283 4.5 €million 22,628 21,962 3.0 €million 641 637 0.6 €million 8,073 7,799 3.5 €million
1 0 - €million -3,872 -4,115 -5.9 Profitbeforefinancialresult(EBIT)thereof:Automotive MotorcyclesFinancialServicesOtherEntitiesEliminations €million€million€million€million€million€million 2,8831,756 39974 2112 1,9241,477 45438 18-54 49.818.9-13.3 -88.9 - Profit/lossbeforetax(EBT)thereof:Automotive MotorcyclesFinancialServicesOtherEntitiesEliminations €million€million€million€million€million€million 3,4172,130 40988113146 2,4641,860 44458118-16 38.714.5-9.1 -4.2 - etaxes €million -833 -649 28.4 Netprofit €million 2,584 1,815 42.4 Earningspermon/preferredshare)
4 € 3.89/3.89 2.71/2.71 43.5/43.5 1Inconnectionwithareviewofitssalespracticesandrelatedreportingpractices,theBMWGrouphasreviewedprior-periodvehicledeliverydataandascertainedthatcertainvehicledeliverieswerenotreportedinthecorrectperiods.TheBMWGrouphasrevisedthedataonvehicledeliveriesforpreviousyearsretrospectively.FurtherinformationonthismatterisprovidedintheBMWGroupReport2020frompage128.AstheBMWGroupcontinuestoenhanceitspoliciesandproceduresregardingretailvehicledeliverydata,itmaynotalwaysbepracticablefortheBMWGrouptoadjustpriorperioddata(andanysuchadjustmentswouldbeofademinimisnaturewithoutanymaterialimpactonparabilityofperiods). 2IncludingdeliveriestocustomersofthejointventureBMWBrillianceAutomotiveLtd.,Shenyang. 3GroupprofitbeforetaxasapercentageofGrouprevenues. 4Common/preferredstock.putingearningspershareofpreferredstock,earningstocovertheadditionaldividendof€0.02pershareofpreferredstockarespreadoverthefourquartersofthecorrespondingfinancialyear. CorporateCommunicationsMediaInformationDate3November2021SubjectBMWGroupboostsperformancewithsignificantlyhigherearningsPage12 *:Consumption/emissionsdata: MINICooperSE:PowerconsumptioninkWh/100bined:16.9-14.9NEDC,17.6-15.2WLTP. GLOSSARY–mentsonkeyperformanceindicators DeliveriesAneworpre-ownedvehiclewillberecordedasadeliveryoncehandedovertotheenduser.EndusersalsoincludeleaseholdersunderleasecontractswithBMWFinancialServicesand–intheUSAandCanada–dealershipswhentheydesignateavehicleasaserviceloanerordemonstratorvehicle.Inthecaseofpre-ownedvehicles,endusersmayincludedealershipsandotherthirdpartieswhentheypurchaseavehicleatauctionordirectlyfromBMWGroup.Vehiclesdesignatedfortheenduserandsufferingtotallossintransitwillalsoberecordedasdeliveries.DeliveriesmaybemadebyBMWAG,oneofitsinternationalsubsidiaries,aBMWGroupretailoutlet,orindependentdealerships.Thevastmajorityofdeliveries–andhencethereportingofdeliveriestotheBMWGroup–arecarriedoutbyindependentdealerships. EBITProfit/lossbeforefinancialresult,prisingrevenueslesscostofsales,sellingandadministrativeexpensesandamountofotheroperatingeandexpenses. EBITmarginProfit/lossbeforefinancialresultasapercentageofrevenues. EBTEBITplusfinancialresult. CorporateCommunications MediaInformationDate3November2021SubjectBMWGroupboostsperformancewithsignificantlyhigherearningsPage13 Forenquiries,pleasecontact: CorporateCommunications DrBrittaUllrich,CorporateCommunications,Finance,SalesTelephone:+4989382-18364,Britta.Ullrich@ EckhardWannieck,HeadofCommunicationGroup,Finance,SalesTelephone:+4989382-24544,Eckhard.Wannieck@ :E-mail:presse@ TheBMWGroupWithitsfourbrandsBMW,MINI,Rolls-RoyceandBMWMotorrad,theBMWGroupistheworld’sleadingpremiummanufacturerofautomobilesandmotorcyclesandalsoprovidespremiumfinancialandmobilityservices.TheBMWGroupprises31productionandassemblyfacilitiesin15countries;panyhasaglobalworkwithrepresentativesinmorethan140countries. In2020,theBMWGroupsoldover2.3millionpassengervehiclesandmorethan169,000motorcyclesworldwide.Theprofitbeforetaxinthefinancialyear2020was€5.222billiononrevenuesamountingto€98.990billion.Asof31December2020,theBMWGrouphadaworkforceof120,726employees. TheessoftheBMWGrouphasalwaysbeenbasedonlong-termthinkingandresponsibleaction.TheGroupsetthecourseforthefutureatanearlystageandconsistentlymakessustainabilityandefficientresourcemanagementcentraltoitsstrategy,fromthesupplychainthroughproductiontotheendoftheusephaseofallitsproducts. Facebook:/BMWGroupTwitter:/BMWGroupYouTube:/BMWGroupViewInstagram:/bmwgroupLinkedIn:pany/bmw-group/