Bayer Ag · XETR:BAYN
Bayer — Investor Day (March 2024)
19 slides from Bayer's investor day presentation, Mar 5, 2024
Slide 1: Scaling Regenerative Agriculture
///////////// Health for all, Hunger for none BAYER Scaling Regenerative Agriculture Capital Markets Day 2024 RODRIGO SANTOS President, Bayer Crop Science
Slide 2: 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 3: Bayer Crop Science Strategic Agenda
Bayer Crop Science Strategic Agenda SCALE DRIVE OPERATIONAL DELIVER WORLD REGENERATIVE AG EXCELLENCE CLASS INNOVATION 01 02 03 Direct Seeded Rice Field Seed Chipper- Ankeny, IA Bayer Protected Culture Seed Design Center - Petrolina, Brazil // INDUSTRY LEADING FINANCIAL PERFORMANCE // 3 /// Bayer Cap
Slide 4: Our Vision Aspires to Address Global Challenges at Scale
Our Vision Aspires to Address Global Challenges at Scale Produce 50% More. Restore Nature. Scale Regenerative Ag. Required increase by 2050 To meet our 2030 sustainability commitments To expand our footprint to reach our to feed the world (FAO data) 400M acre ambition by 2035 Sustainability 30% 30%
Slide 5: Ag Input Market Growing Over Two Percent to Meet Demand
Ag Input Market Growing Over Two Percent to Meet Demand Potential to Double our Accessible Market Through Investments in Innovation in Adjacent Spaces >100bn¹ >100bn¹EUR EUR >200bn1 EUR 2023 2023Global GlobalAgAgInput InputMarket Market 2030 Global Ag Input Market & Related Adjacencies Crop Seed and
Slide 6: The Established Leader in Crop Science
The Established Leader in Crop Science Industry-Leader Outpacing Market and Peers in Core Business in 2023 GLOBAL LEADER IN AG INPUTS OUT-PACING MARKET & PEERS3 with Core Business Sales Growth in 2023 Sales / cEBITDA1 (€bn) / FY 2023 FY 2023 cpa sales growth Bayer CS 23.3 5.0 7% 2% 1% Syngenta AG 2
Slide 7: Growers Worldwide Recognize the Value We Deliver
Growers Worldwide Recognize the Value We Deliver #1 in Seed & Traits with Leading Crop Protection Portfolio Market Bayer Crop Science 2023 Sales (€23.3bn) Position S A L E S B Y S T R AT E G I C B U S I N E S S E N T I T Y SALES BY REGION #1 Corn Seed & Traits In €bn 2023 cpa% growth 2023 Core1 Busi
Slide 8: Pricing to Innovation in Our Core Business Powers Sales CAGR
Pricing to Innovation in Our Core Business Powers Sales CAGR Industry Leading EBITDA Despite Significant Cost Inflation Bayer Crop Science Sales Bayer 1 BayerCrop CropScience ScienceEBITDA EBITDA1 Sales (€bn) / core cpa CAGR % EBITDA before special items (€bn) / margin% Core EBITDA1 cpa% 2.0% -0.4%
Slide 9: Driving Operational Excellence to Outgrow the Market in the Core Business
Driving Operational Excellence to Outgrow the Market in the Core Business and Improve Profitability and Cash Generation SALES • Accelerated innovation and enablement of system solutions • Optimized service to customers • Reinvestment in growth opportunities Sales MARGIN • Implement DSO driven organi
Slide 10: DSO Anchored on Customer and Moving to Scale in 2024
DSO Anchored on Customer and Moving to Scale in 2024 Dynamic Shared Ownership Unlocks New Opportunity for Competitive Differentiation DSO Operating Concept Anchored on Farmer >450 Customer Mission Teams Implemented by End of 2024 Farmer at the Center Anchored by on the ground cross-functional custom
Slide 11: Extending Our Leadership Position Through Our Pipeline
Extending Our Leadership Position Through Our Pipeline >€32bn Peak Sales Potential; Ten Blockbusters Expected to Launch in Next Decade Bayer Crop Science R&D Pipeline Expected Launch Dates for Blockbuster Products See appendix for comprehensive pipeline 2024 2027 2030+ ~€6bn Corn S&T ~€11bn >50% PSP
Slide 12: Annual Portfolio Refresh Provides Foundation for Growth
Annual Portfolio Refresh Provides Foundation for Growth Pricing and Sales Mix Opportunity Across Our Leading Global Footprint Enhanced by Digital Assets ANNUAL SEED CROP PROTECTION GERMPLASM REFRESH LIFE-CYCLE MANAGEMENT ~400-500 ~90-100 new seed hybrids & varieties new formulations to deployed annu
Slide 13: Blockbuster Technologies for System Solutions Advancing
Blockbuster Technologies for System Solutions Advancing Ten Blockbuster Product Launches Anticipated in Next Decade; Five Advanced in 2023 New Herbicide Molecule HT4 IP3 First new mode of action in post emergence weed control in 30 years 4th Gen Soybean 3rd Gen Soybean Herbicide Tolerance Insect Pro
Slide 14: 2024 Guidance and our Mid-Term Ambition Through 2026
2024 Guidance and our Mid-Term Ambition Through 2026 2023 2024e Mid-Term In €bn at constant FX1 Net Sales 23.2 -1% to 3%2 Outgrow market in Core business4: Annual industry-leading seed germplasm refresh Core 20.3 1 to 4% Crop protection life cycle management Glyphosate 2.9 -12% to -8%3 Crop protecti
Slide 15: Delivering Regenerative Ag Solutions to Outperform the Market
Delivering Regenerative Ag Solutions to Outperform the Market Vision to effectively scale regenerative ag and expand market opportunity Established leader growing core business across all regions Renewed operational excellence fueled by dynamic shared ownership Industry leading pipeline to widen com
Slide 16: Appendix
Appendix
Slide 17: Crop Science: Seed & Traits and Digital R&D Pipeline
Crop Science: Seed & Traits and Digital R&D Pipeline ~€21bn (Annual Update March 2024) PSP Phase I Phase II Phase III Phase IV PSP CORN SEED & TRAIT Corn Disease Shield - NA Corn LEP5 PRECEON Smart Corn - Breeding Corn HT5 2nd Generation Seed Density PRECEON Smart Corn – Biotech Trait2 ~€11bn Digita
Slide 18: Crop Science: Crop Protection R&D Pipeline
Crop Science: Crop Protection R&D Pipeline (Annual Update March 2024) ~€11bn PSP Phase I Phase II Phase III Phase IV Life Cycle Management 1 PSP New AI Development Non-Selective New Herbicide New Herbicide New Herbicide Glyphosate LCM HERBICIDES Selective New Herbicide ~€5bn Merlin Flexx / Adengo LC
Slide 19: Sustainability Report Innovation Summit
Sustainability Report Innovation Summit June 2023 19 /// Bayer Capital Markets Day /// March 5, 2024