386 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information II. Remuneration of the Members of the Board of Management (1) Bonus for the 2024 financial year Overview The bonus consists of an earnings component and a perfor- mance component. If 100% of the target is achieved for both the earnings and performance components, the share of the bonus attached to each component is 50% of the individual target amount of the bonus. The bonus amount is capped at 180% of the individual target amount. The bonus for the financial year will be paid as part of the next payroll run after the Annual General Meeting in 2025. Earnings component of the bonus The earnings component of the bonus rewards the performance of the business in the 2024 vesting year, as measured by the financial indicators “Profit attributable to shareholders of BMW AG” and “Group post-tax return on sales”. The Supervisory Board adopted an allocation matrix for this purpose prior to the start of the financial year in 2023, from which an earnings factor is derived based on the values achieved. The Supervisory Board approved an increase in the required level for the 2024 financial year. For example, a target achievement of 100% is based on profit attributable to shareholders of BMW AG amounting to € 7.0 billion (previous year: € 5.3 billion) and a post-tax return on sales of 6.0% (previous year: 5.6%). A minimum value, a target value and a maximum value were de- fined for both key figures prior to the start of the 2024 vesting year. If one of the minimum values is not reached, the earnings factor is zero (corresponding to a target achievement of 0%). When both minimum values are reached, i.e. a profit attributable to shareholders amounting to € 4.0 billion and a post-tax return on sales of 3.2%, the earnings factor is 0.135 (corresponding to a target achievement of 13.5%). If both target values are reached, the earnings factor is 1.000 (corresponding to a target achievement of 100%). If both maximum values are reached, the earnings factor is 1.800 (corresponding to a target having been 180% achieved, the highest possible percentage). For interme- diate values, the earnings factor is derived from the allocation matrix. Overview of the composition of the bonus EARNINGS COMPONENT PERFORMANCE COMPONENT 50 % OF TARGET AMOUNT × EARNINGS FACTOR + 50 % OF TARGET AMOUNT × PERFORMANCE FACTOR = BONUS — Earnings factor is derived from an allocation matrix based on the parameters “profit attributable to shareholders of BMW AG” and “Group post-tax return on sales” in the vesting year — Earnings factor may not exceed 1.8 — Performance factor is derived from — 50 % cross-divisional targets with ESG criteria — 40 % other cross-divisional targets — 10 % individual departmental targets — Performance factor may not exceed 1.8 — Capped at 180 % of target amount Earnings component of the bonus: allocation matrix1 1 Simplified depiction. 2 Earnings factor 2024. Group return on sales after tax in % 9.4 Maximum value 6.0 Target value 3.2 Minimum value 4.0 Minimum value 7.0 Target value 12.7 Maximum value 0.9092 1.000 0.135 Profit attributable to Shareholders of BMW AG in € billion 1.800 5,4 7.3