Profile and Organization

Names | Figures | Facts

Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials. Our products and services are designed to benefit people and improve their quality of life. At the same time we want to create value through innovation, growth and high earning power.

Organization

Bayer AG defines common values, goals and strategies for the entire Group. The three subgroups and three service companies operate independently, led by the management holding company. The Corporate Center supports the Group Management Board in its task of strategic leadership.

Organization chart with management structure and fields of activity

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Business operations are the responsibility of the subgroups:

Bayer HealthCare is among the world’s foremost innovators in the field of pharmaceutical and medical products. » more
Bayer CropScience, with its highly effective products, pioneering innovations and keen customer focus, holds global leadership positions in crop protection and non-agricultural pest control.
» more
Bayer MaterialScience is a renowned supplier of high-performance materials such as polycarbonates and polyurethanes, and innovative system solutions for a wide range of everyday uses. » more

Central service functions are combined into three service companies:

Bayer Business Services is the Bayer Group’s international competence center for it-based services. » more
Bayer Technology Services is the global technological backbone for the Bayer Group and a major innovation driver. » more
Currenta offers services for the chemical industry including utility supply, waste management, infrastructure, safety, security, analytics and vocational training. » more

Corporate Governance

Dual governance system with the following governance bodies:

Board of Management:	four members, Chairman: Werner Wenning
Supervisory Board:	20 members, Chairman: Dr. Manfred Schneider

Products

The Bayer Group markets some 5,000 products. Best-sellers include:

in the health care field: Yasmin®/YAZ®/Yasminelle®, Betaferon®/Betaseron®, Kogenate®, Adalat®, Avalox®/Avelox®
in the nutrition field: Confidor®/Gaucho®/Admire®/Merit®, Flint®/Stratego®/Sphere®
in the field of high-tech materials: Makrolon®, Baydur®, Bayflex® Footwear, Desmodur®/Desmophen®

Locations

Bayer is represented around the world by 316 companies*. Global headquarters are in Leverkusen, Germany.

* fully consolidated subsidiaries (as of Dec. 31, 2008)

Workforce

On December 31, 2008, the Bayer Group had 108,600 employees worldwide (2007: 106,200). North America accounted for 17,000 of these employees, while 20,800 were based in Asia-Pacific, 15,300 in Latin America/Africa/Middle East and 55,500 in Europe. In Germany we had 37,400 employees, who made up 34.4 percent of the Group workforce.

108,600 employees worldwide (as of December 31, 2008), including:

55,500 in Europe

17,000 in North America

20,800 in Asia-Pacific

15,300 in Latin America/Africa/Middle East

Bayer stock

included in nearly all the major share indices
traded on all German stock exchanges
dividend per share: EUR 1.40

Bayer Group Key Data

Bayer Group	2007 € million	2008 € million	Change %
Net sales	32,385	32,918	+1.6
EBITDA¹	5,866	6,266	+6.8
EBITDA before special items	6,777	6,931	+2.3
EBIT²	3,154	3,544	+12.4
EBIT before special items	4,287	4,342	+1.3
Income before income taxes	2,234	2,356	+5.5
Net income	4,711	1,719	-63.5
Earnings per share (in €)³	5.84	2.22	-62.0
Gross cash flow⁴	4,784	5,295	+10.7
Net cash flow⁵	4,281	3,608	-15.7
Capital expenditures	1,891	1,982	+4.8
Research and development expenses	2,578	2,653	+2.9
Dividend per Bayer AG share (€)	1.35	1.40	+3.7