Bayer Ag · XETR:BAYN
Bayer — Investor Presentation (October 2021)
24 slides from Bayer's investor presentation, Oct 19, 2021
Slide 1: Shaping the Future of Agriculture
Shaping the Future of Agriculture /////////// Crop Science Investor Webinar Advancing Our Leadership October 19, 2021 Liam Condon President of the Crop Science Division Robert Reiter Head of R&D, Crop Science 1 /// Bayer Crop Science Investor Webinar /// Shaping the Future of Agriculture /// October
Slide 2: Agenda
1 Welcome • Oliver Maier, Head of Investor Relations 2 Prepared Remarks: Advancing our Leadership • Liam Condon, President of the Crop Science Division 3 Video: Global Innovation Field Tour Agenda 4 Q&A • Oliver Maier, Head of Investor Relations • Liam Condon, President of the Crop Science Division
Slide 3: Cautionary Statements Regarding Forward-Looking Information
Cautionary Statements Regarding Forward-Looking Information This presentation may contain forward-looking statements based on current assumptions and forecasts made by Bayer management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the ac
Slide 4: Four Core Pillars Anchor our Vision to Shape Agriculture
Four Core Pillars Anchor our Vision to Shape Agriculture Plan to Out-Perform the Market and Expand Leadership in Innovation, Digital and Sustainability 1 Accelerate operational performance 2 Deliver world-class innovation 3 Pioneer the digital transformation 4 Set new standards in sustainability 4 /
Slide 5: 2021: Advancing Leadership with Key Milestones Delivered YTD
2021: Advancing Leadership with Key Milestones Delivered YTD Sales (cpa) EBITDA margin before special items 1 Accelerate operational performance 3-5% Annual Growth ~7% 2021F 27-29% 2024T 23%1 2021F 2022-’24T2 430+ New hybrids & • XtendFlex soybean launch on • Intacta 2 Xtend launching in 2 varieties
Slide 6: Strong Demand for XtendFlex Soybeans and XtendiMax Herbicide
Strong Demand for XtendFlex Soybeans and XtendiMax Herbicide Reinforces the Industry Leading Soybean System ~15m XtendFlex Soybean Acres in First Season in North America # 1 NA Soybean System1 • Roundup Ready Xtend Crop System covered >55% of U.S. soybean acres in 2021, retaining its #1 position • X
Slide 7: Intacta 2 Xtend to Broaden Insect and Weed Control Spectrum
Intacta 2 Xtend to Broaden Insect and Weed Control Spectrum Intacta RR2 PRO on >85m acres in South America in 2020/21; Intacta 2 Xtend Launching in Brazil # 1 South America soybean system1 • Built on the proven performance of Intacta • Excellent control of soybean RR2 PRO with two additional protein
Slide 8: Upgrading our Fox Franchise in Brazil with Fox Supra Fungicide
Upgrading our Fox Franchise in Brazil with Fox Supra Fungicide Fox Xpro Fungicide in Brazil is Key Contributor to the 22% H1 2021 Global Fungicide Sales Growth Soybean Fungicides in Successful Transition from Fox to Fox Xpro Upgrade to Fox Supra in 2022 LATAM >€1bn ~25% >€500m Peak Sales Potential M
Slide 9: Deploying New Corn Hybrids and Traits to Grow Sales
Deploying New Corn Hybrids and Traits to Grow Sales Expect 3-4%1 Sales CAGR 2020-’24 in Corn Seed & Traits Mid-Term Key Growth Drivers in Corn Deploying >150 new hybrids annually around the globe to Launching CRW3 as a part of VTPro4 and SmartStax Pro stacked grow leading germplasm share in corn key
Slide 10: Successful VTPRO4 Launch in Brazil; Expect 500K Acres in 2021
Successful VTPRO4 Launch in Brazil; Expect 500K Acres in 2021 Industry’s Most Advanced Trait Technology for Above and Below Ground Insect Control in Corn 3 • 2 modes of below- • Glyphosate • New RNAi-based Modes of above- ground insect tolerance Corn Rootworm 3 ground insect control control (CRW3) t
Slide 11: Launching SmartStax PRO in U.S. for 2022 Season
Launching SmartStax PRO in U.S. for 2022 Season SmartStax PRO Adds Industry-Only RNAi-Based CRW3 Trait to Upgrade SmartStax Corn Trait Stack 2021 U.S. Field Results – SmartStax PRO with RNAi Technology Location: Ireton, Iowa • In head-to-head comparisons against Qrome Planting Date: 4/26/21 Date Pho
Slide 12: Short-stature corn
set the stage for short-stature corn 12 /// Bayer Crop Science Investor Webinar /// Shaping the Future of Agriculture /// October 19, 2021
Slide 13: Short-Stature Corn Offers Transformational Shift in Production
Short-Stature Corn Offers Transformational Shift in Production Anticipated Fit on >220m Acres Enabled by Three Development Approaches Field Plots Around the Globe Demonstrate Key Features and Benefits of Short-Stature Corn Game-Changing Innovation Digitally Optimized System More Sustainable Future •
Slide 14: Short Stature Corn Enables In-Season Access for Over-the-Top Nitrogen
Short Stature Corn Enables In-Season Access for Over-the-Top Nitrogen Application Poseyville, Indiana July 21st, 2021 /////////// Nitrogen Y-Drops for Precise Application 14 /// Bayer Crop Science Investor Webinar /// Shaping the Future of Agriculture /// October 19, 2021
Slide 15: Envision Full System Recommendation with Short-Stature Corn
Envision Full System Recommendation with Short-Stature Corn Value Drivers Converging: Inherent benefits of new short corn technology plus tailored solutions and new business model concepts (seed advisor, weed management, disease management, fertility management, risk sharing, sustainable practices)
Slide 16: Digital Platform is Core To Driving Growth
Digital Platform is Core To Driving Growth Enabler of Tailored Solutions and New Business Models Expand 1 >180m subscribed acres in 2020 • Largest database of grower Industry- and field trial seed Leading • #1 brand in digital ag performance data in industry Platform • Operates in 23 countries • >70
Slide 17: Sequestering Carbon at Scale; New Revenue Stream on Farm
Sequestering Carbon at Scale; New Revenue Stream on Farm Pioneering New Climate Smart Business Models; Enroll >2,500 Growers in Year One of Carbon Program 1 Carbon markets and consumer demand for sustainability is growing 2 We are best positioned to support carbon farming with our Bayer Carbon Progr
Slide 18: Lowest Environmental Impact Driving Higher Value
Lowest Environmental Impact Driving Higher Value Bayer’s Crop Protection Environmental Impact Exceptionally Low; Further Reductions Planned by 2030 2018 Crop Protection Environmental Impact • Bayer applied latest state of the art methodology to measure impact of portfolio, as developed by independen
Slide 19: Improving Lives and Driving Business Growth
Improving Lives and Driving Business Growth Smallholder Sales Expected to Grow from €1.7bn to > €3bn1 by Empowering ~100m Smallholders by 2030 Europe/Middle East APAC Asia-Pacific Smallholder Reach 2020: ~30m Focus Crops : rice, cotton, vegetables, corn Latin America Smallholder Reach 2020: ~2m Focu
Slide 20: Collaboration with Orbia Establishes First Digital Ag-Marketplace
Collaboration with Orbia Establishes Orbia is a JV between First Digital Ag-Marketplace Bayer and Bravium 2 Orbia Orbia in Brazil • Orbia is the first digital marketplace to connect various players in the agricultural sector in their • Established in 2019 daily operations, expanding market access fo
Slide 21: Convergence of Technologies on Farm Optimizes Performance
Convergence of Technologies on Farm Optimizes Performance Brazil Customer Example FieldView Adopter 2015-16 Participated on pre-launch and has 4 years of planting, spraying and harvest data Loyal Bayer Customer 5-star loyalty program client (IMPULSO), free 2019-20 access to FieldView license and can
Slide 22: Video: Bayer Crop Science 2021 Virtual Global Innovation Field Tour
Video: Bayer Crop Science 2021 Virtual Global Innovation Field Tour Delivering Unrivaled Integrated Solutions to Growers Around the Globe Farmer Europe/Middle East Latin America Image from Europe/ Middle East/ Africa Video Grower: Jean-Pierre Cousyn North America APAC Asia-Pacific Grower: Bernardo d
Slide 23: Q&A
Q&A 32
Slide 24: Investment Case: Bayer AG
Investment Case: Bayer AG View our Bayer AG Investment Case here: LINK 24 /// Bayer Crop Science Investor Webinar /// Shaping the Future of Agriculture /// October 19, 2021