Norbert Reithofer Chairman of the Supervisory Board 13 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information Report of the Supervisory Board DEAR SHAREHOLDERS, In the financial year 2024, the BMW Group performed well in a highly competitive environ- ment characterised by challenging geopolitical and macroeconomic conditions. We achieved our targets as revised in September with a combination of stringent management and a strong team performance. Our well-balanced global positioning enabled us to alleviate the pressure caused by the broad variety of changes taking place in our key sales markets. At the same time, our commitment to technology openness proved to be the right approach. By significantly growing the number of all-electric vehicles sold, the BMW Group also achieved a great deal in terms of sustainability. Our vehicle fleet in Europe once again at- tained figures below the EU’s target limit for fleet carbon emissions in 2024. We have ambitious plans for 2025 and beyond in light of the rapidly approaching launch of the NEUE KLASSE. We are convinced that this will mark a key milestone in the history of the BMW Group. In 2025, your Company will continue to adapt dynamically to changes, with its sights firmly set on long-term success. Our innovative and attractive range of products, cou- pled with a well-balanced distribution of value creation, will lay the foundations for this suc- cess. REPORT OF THE SUPERVISORY BOARD