412 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information IV. Comparison of Change in Remuneration and Earnings Comparison of changes in earnings and remuneration for employees, the Board of Management and the Supervisory Board 2020 2021 Change 2021 vs 2020 in % 2022 Change 2022 vs 2021 in % 2023 Change 2023 vs 2022 in % 2024 Change 2024 vs 2023 in % I . C H A N G E S I N E A R N I N G S Net income of BMW AG according to the German Commercial Code (HGB) (in € million) 1,702 4,910 188% 6,311 29% 4,366 – 31% 3,524 – 19% Profit attributable to shareholders of BMW AG (in € million) 3,775 12,382 228% 17,941 45% 11,290 – 37% 7,290 – 35% Group return on sales after tax (in %) 3.9 11.2 187% 13.0 16% 7.8 – 40% 5.4 – 31% I I . A V E R A G E R E M U N E R A T I O N O F E M P L O Y E E S I N € Average remuneration of employees of BMW AG in € 86,715 99,169 14% 102,394 3% 102,047 0% 99,622 – 2% I I I . R E M U N E R A T I O N O F T H E B O A R D O F M A N A G E M E N T I N € 1 Oliver Zipse2 since May 2015, Chairman since 16 August 2019 5,338,865 8,752,558 64% 10,152,625 16% 8,158,904 – 20% 4,976,840 – 39% Jochen Goller since November 2023 – – – – – 616,872 – 2,182,066 254% Ilka Horstmeier since November 2019 2,043,706 3,949,908 93% 4,929,261 25% 4,413,481 – 10% 2,650,489 – 40% Walter Mertl since May 2023 – – – – – 2,446,106 – 2,186,798 – 11% Milan Nedeljković since October 2019 2,058,305 4,017,337 95% 4,964,449 24% 4,374,024 – 12% 2,630,647 – 40% Joachim Post since January 2022 – – – 3,736,259 – 3,703,942 – 1% 2,188,649 – 41% Frank Weber since July 2020 1,006,759 3,856,458 283% 4,240,977 10% 4,043,267 – 5% 2,588,956 – 36% 1 The reported remuneration for 2020 has been recalculated in accordance with § 162 German Stock Corporation Act (AktG). 2 For the 2020 financial year, the advance payment of € 712,000 from the 2019–2021 Performance Cash Plan which was paid in 2020 was also included in the calculation of remuneration.