Strategy

Key Data

Bayer Group Key Data
Category	Key Data	2011	2012
Economic Indicators (€ million)
	Sales	36,528	39,760
	EBIT¹	4,149	3,960
	EBIT before special items²	5,025	5,671
	EBITDA³	6,918	6,920
	EBITDA before special items²	7,613	8,284
	EBITDA margin before special items⁴	20.8%	20.8%
	Income before income taxes	3,363	3,248
	Income taxes	(891)	(752)
	Net income	2,470	2,446
	Earnings per share (€)⁵	2.99	2.96
	Core earnings per share (€)⁶	4.83	5.35
	Gross cash flow⁷	5,172	4,599
	Net cash flow⁸	5,060	4,532
	Net financial debt	7,013	7,028
	Capital expenditures (as per segment table in the Annual Report 2012)	1,666	2,012
	Research and development expenses	2,932	3,013
	Dividend per Bayer AG share (€)	1.65	1.90
	Personnel expenses (incl. pension plans)	8,726	9,203
	Pension liability⁹	19,310	22,714
Employee Indicators
Diversity and opportunities	Percentage of women in the Group Leadership Circle	22	23
	Number of nationalities in the Group Leadership Circle	22	23
	Proportion of full-time employees with contractually agreed working time not exceeding 48 hours per week (%)	100	100
	Proportion of employees with health insurance (%)	94	94
	Proportion of employees eligible for a company pension plan or company-financed retirement benefits (%) *	70	70
	Proportion of employees covered by collective agreements on pay and conditions (%)	54	53
Safety	Occupational injuries to Bayer employees with lost workdays (LTRIR)	0.31	0.27
Safety	Recordable occupational injuries to Bayer employees (RIR)	0.56	0.49
Ecological Indicators
Emissions	Direct greenhouse gas emissions (CO₂ equivalents in million metric tons) ¹⁰	4.23	4.24
	Indirect greenhouse gas emissions (CO₂ equivalents in million metric tons) ¹⁰	3.92	4.12
	Volatile organic compounds (VOC) (thousand metric tons per year)	2.69	2.60
	Total phosphorus in wastewater (thousand metric tons per year)	0.08	0.15
	Total nitrogen in wastewater (thousand metric tons per year)	0.53	0.70
	Total organic carbon (TOC) (thousand metric tons per year)	1.50	1.42
Waste	Hazardous waste generated (million metric tons per year)	0.47	0.60
Waste	Hazardous waste landfilled (million metric tons per year)	0.12	0.18
Use of resources	Water use (million m³ per year)	411	384
Use of resources	Primary energy consumption (petajoules [10¹⁵ joules] per year) **	50.10	49.05
	Secondary energy consumption (petajoules [10¹⁵ joules] per year) **	34.85	34.14
Environmental incidents and transport accidents	Environmental incidents	3	5
Environmental incidents and transport accidents	Transport accidents	7	6
1 EBIT = operating result as shown in the income statement 2 EBIT(DA) before special items is not defined in the International Financial Reporting Standards and should therefore be regarded only as supplementary information. The company considers EBITDA before special items to be a more suitable indicator of operating performance since it is not affected by depreciation, amortization, impairments or special items. By reporting this indicator, the company aims to give readers a clearer picture of the results of operations and ensure greater comparability of data over time. 3 EBITDA = EBIT plus amortization and impairment losses on intangible assets and depreciation and impairment losses on property, plant and equipment, minus impairment loss reversals 4 The EBITDA margin before special items is calculated by dividing EBITDA before special items by sales. 5 Earnings per share as defined in IAS 33 = adjusted net income divided by the average number of shares 6 Core earnings per share are not defined in the International Financial Reporting Standards and should therefore be regarded only as supplementary information. The company considers that this indicator gives readers a clearer picture of the results of operations and ensures greater comparability of data over time. 7 Gross cash flow = income after taxes, plus income taxes, plus non-operating result, minus income taxes paid or accrued, plus depreciation, amortization and impairment losses, minus impairment loss reversals, plus / minus changes in pension provisions, minus gains / plus losses on retirements of noncurrent assets, minus gains from the remeasurement of already held assets in step acquisitions. The change in pension provisions includes the elimination of non-cash components of the operating result (EBIT). It also contains benefit payments during the year. 8 Net cash flow = cash flow from operating activities according to IAS 7 9 Present value of defined-benefit obligations for pensions and other post-employment benefits 10 Portfolio-adjusted in accordance with the Greenhouse Gas Protocol * The totals of 69 and 66 % for 2011 and 2012 we published in our Annual Report 2012 were too low. This was due to subsequent report updates from the United States resulting from a divergent understanding of what had to be reported under “Company Pension.” ** Since 2011 we have reported our energy consumption differentiated according to type of origin.