Drought Tolerant Corn

BASF Plant Science

CONFIDENTIAL

Global megatrends drive

demand for agricultural products

Source: UN, FAO, FAPRI, 2030 Water Resources Group, BPS

Drivers Limitations

Agricultural

Demand

Biofuel

Demand

Meat

Consumption

Population

Growth Arable

Land

Water

Demand

Market development plant biotechnology

Source: ISAAA 2010

Key facts

Global GM crop area

continued to grow in 2010

In 2010, 15.4 million farmers

grew GM crops in 29 countries on

148 million hectares

Biotech crops cover about 10% of

the total cultivated land

Over 90% are cultivated by small

and resource-poor farmers in

developing countries

Global GM crop area

in million hectares; 1 ha = 2.47 acres

Economic gains (2006-2008) € 38 billion

0

20

40

60

80

100

120

148

140

2003 1997 2006 2010 2000

* CAGR 1997-2010

11

BASF Plant Science

Global research network at biotech hotspots

R&D sites

Field site center

Ames Iowa

DNA LandMarks

RTP North

Carolina

Crop Design

Limburgerhof

Metanomics SunGene

Plant Science Sweden

Hawaii Puerto Rico

Midsouth

Ceara

Sao Paulo

St. Catarina

Tamil Nadu

Key facts

Founded in 1998

Leading platform for plant

biotechnology

7 R&D and 13 field site

centers

750+ employees

worldwide

Annual R&D spending

~€150 million

Our Strategy

What?

Increase crop yield through Plant Biotechnology

for a more sustainable agriculture

How?

Focus on yield traits for major crops

Develop the leading technology platform

to deliver the best traits for the best seed

Access market through partnerships

with leading seed companies

Trait Technology Partner strategy

6

Joint development of higher-yielding crops and crops that are more tolerant to adverse environmental conditions such as drought

2007 agreement focused on corn, soybean, cotton and canola

Potential investment of US$ 1.5 billion

2010: expansion of collaboration to wheat

Potential additional investment of >US$ 1 billion

Exclusive commercialization through Monsanto’s channels

More yield by BASF and Monsanto

Secure corn harvests by increasing yield by

up to 6% to 10 % when under drought stress conditions

First-ever GM corn with drought tolerance

Sustainable production in regions with variable water availability

Product family market value 2020: US$ > 250 million

Project target

Partner

Monsanto is one of the worldwide leading companies for agricultural solutions and products

Drought Tolerant Corn

Monsanto Collaboration

Status: Prelaunch stage

final phase before commercialization

Next Steps: Initial introduction in the US in 2012 through large-scale

on-farm field trials to give farmers additional exposure to the technology

Pending all regulatory approvals commercialization will occur in the Western Corn Belt region beginning in 2013

Drought Tolerant Corn

Monsanto Collaboration

INTERNAL 9