Bayer AG · XETR:BAYN

Bayer — Q2 2021 Earnings Presentation

24 slides from Bayer's earnings presentation, Aug 5, 2021

  1. Slide 1: Investor Conference Call Q2 2021 Results

    Investor Conference Call /////////// Q2 2021 Results August 5, 2021 Werner Baumann, CEO Wolfgang Nickl, CFO

  2. 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

  3. Slide 3: Q2 2021 Results: Business Update

    Q2 2021 Results Business Update /////////// Werner Baumann, CEO

  4. Slide 4: We Deliver on Major Levers

    We Deliver on Major Levers 1 Strong growth across all divisions 2 Full year guidance increased 3 Pharma late-stage pipeline de-risked 4 Bayer Q2 2021 Investor Conference Call /// August 5th, 2021

  5. Slide 5: Q2 2021 Results: Business Performance & Outlook

    Q2 2021 Results Business Performance & Outlook /////////// Wolfgang Nickl, CFO

  6. Slide 6: Q2 2021: All Businesses Contribute to Strong Sales Growth

    Q2 2021: All Businesses Contribute to Strong Sales Growth Currency Headwinds Weigh on EBITDA Before Special Items Sales EBITDA Core EPS Free Cash Flow In million €, ∆% yoy In million €, before special items In €, Cont. Operations In million € +8% (+13% cpa) 10.854 10.054 1.402 -18% 2.883 -11% 2.577

  7. Slide 7: HY1 2021: Good Performance Setting Stage for Guidance Raise

    HY1 2021: Good Performance Setting Stage for Guidance Raise Sales EBITDA Core EPS Free Cash Flow In million €, ∆% yoy In million €, before special items In €, Cont. Operations In million € +1% (+7% cpa) 609 22.899 23.182 -8% 7.274 6.695 -1% 4,26 4,20 31.8% 28.9% -2.074 H1'20 H1'21 H1'20 H1'21 H1'20

  8. Slide 8: Crop Science with Strong Growth Momentum Supported by Positive Market Dynamics

    Crop Science with Strong Growth Momentum Supported by Positive Market Dynamics Sales Sales EBITDA Key Messages InIn million €,€, million ∆% yoy, ∆% yoycpa. In million €, before special items • Fungicides (+23% cpa) driven by Fox Xpro™ and new launches in North Volume +5% America +7% (+11% cpa) • Her

  9. Slide 9: Pharmaceuticals with Substantial Growth and Progress on Late-Stage Pipeline

    Pharmaceuticals with Substantial Growth and Progress on Late- Stage Pipeline Sales Sales EBITDA Key Messages InIn million €,€, million ∆% yoy, ∆% yoycpa. In million €, before special items • Strong performance of Eylea (+27% cpa) and Xarelto (+13% cpa) Volume +13% +17% (+16% cpa) • IUD franchise (+6

  10. Slide 10: Consumer Health Continues to Outperform

    Consumer Health Continues to Outperform Sales Sales EBITDA Key Messages InIn million €,€, million ∆% yoy, ∆% yoycpa. In million €, before special items • Growth across all regions and categories Volume +7% • Allergy & Cold (+16% cpa) driven by a (+13% cpa) +11% strong spring allergy season 1.290 • N

  11. Slide 11: Updated Full-Year Guidance 2021 - Group

    Updated Full-Year Guidance 2021 - Group Excluding currency impact Outlook Outlook Expected Outlook as of Feb 20211 as of Aug 2021 currency impact² as of Aug 2021 incl. currency impact Sales €42 - €43bn ~ €44bn ~ -€1bn ~ €43bn EBITDA margin ~ 27% ~ 26% -50 bps ~ 25% (before special items) Core EPS €6

  12. Slide 12: Investor Conference Call Q2 2021 Results

    Investor Conference Call /////////// Q2 2021 Results August 5, 2021 Werner Baumann, CEO Wolfgang Nickl, CFO

  13. Slide 13: Q2 2021: Key KPIs Bayer Group

    Q2 2021: Key KPIs Bayer Group Q2 2020 Q2 2021 Net Sales 10,054 10,854 EBITDA before special items 2,883 2,577 Special items -12,487 -3,468 1 Reported EBITDA -9,604 -891 Depreciation & Amortization -1,180 -1,390 Reported EBIT -10,784 -2,281 Amortization and impairment losses / loss reversals on 1 • A

  14. Slide 14: Q2 2021: Key KPIs by Division

    Q2 2021: Key KPIs by Division Crop Science Pharmaceuticals Consumer Health Reconciliation Group [€ million] Q2'20 Q2'21 Q2'20 Q2'21 Q2'20 Q2'21 Q2'20 Q2'21 Q2'20 Q2'21 Sales 4,802 5,021 3,992 4,494 1,201 1,290 59 49 10,054 10,854 Sales by region: Europe / Middle East / Africa 958 1,003 1,554 1,774 3

  15. Slide 15: Core EPS to EPS bridge

    Core EPS to EPS bridge in € -1.04 1.61 -3.53 -2.38 0.02 0.56 Core EPS Depreciation & Special items Special items Tax effect EPS (total) Q2'2021 Amortization (EBITDA) financial result/ on adjustments Q2'2021 (on IP & PPE) taxes 15 Bayer Q2 2021 Investor Conference Call /// August 5th, 2021

  16. Slide 16: Updated Full-Year Guidance 2021 - Divisions

    Updated Full-Year Guidance 2021 - Divisions Guidance at constant currencies* Sales Growth Sales Growth EBITDA-margin EBITDA-margin Est. Market Division Growth 2021 2021 (cpa) 2021 (cpa) 2021 as of Feb. 2021 as of Aug. as of Feb. as of Aug. (before special items) (before special items) Crop ~ 5% ~ 2%

  17. Slide 17: Updated Full-Year Guidance 2021 for Other Group KPIs

    Updated Full-Year Guidance 2021 for Other Group KPIs Excluding currency impact Outlook Outlook Expected Outlook as of Feb 20211 as of Aug 2021 currency impact² as of Aug 2021 incl. currency impact Special items (EBITDA) ~ €1.5bn ~ €4.5bn no material effect ~ €4.5bn Depreciation and amortization (cle

  18. Slide 18: Innovation

    Innovation 18 Bayer Q2 2021 Investor Conference Call /// August 5th, 2021

  19. Slide 19: Key Pharma R&D Developments in Q2 2021

    Key Pharma R&D Developments in Q2 2021 • FDA approval for the treatment of chronic kidney disease in patients with type 2 diabetes Kerendia (Finerenone) • Phase III FIGARO-DKD trial meets primary endpoint • Submission for marketing authorization in China • EU approval for the treatment of symptomati

  20. Slide 20: Pharmaceuticals Division: Overview Development Portfolio

    Pharmaceuticals Division: Overview Development Portfolio as of June 2021 Phase I (23) Phase II (20) Phase III (8) Selitrectinib (TRK Inhibitor, formerly LOXO-195) Urothelial Cancer /// Rogaratinib (pan-FGFR Inhibitor) Prostate Cancer (mHSPC) /// Darolutamide (AR Inhibitor) Rogaratinib (pan-FGFR Inhi

  21. Slide 21: Crop Science Division: R&D Pipeline (Seed & Traits)

    Crop Science Division: R&D Pipeline (as of March 2021) Key Corn Seed & Traits, Soybean Seed & Traits and Other Projects with ~€19-€22bn Peak Sales Potential; ~50% Incremental Phase I Phase II Phase III Phase IV Life Cycle Mgmt.1 Digital Disease Mgmt. Short Stature Corn – Breeding Approach Corn Rootw

  22. Slide 22: Crop Science Division: R&D Pipeline (Herbicides, Fungicides, Insecticides)

    Crop Science Division: R&D Pipeline (as of March 2021) Key Herbicides, Fungicides and Insecticides Projects with ~€8bn Peak Sales Potential; ~50% Incremental Phase I Phase II Phase III Phase IV Life Cycle Management1 New AI Development Non-Selective Novel PPO Herbicide2 Improved Dicamba Formulations

  23. Slide 23: Consumer Health Division: Accelerating Growth with Innovation in Meaningful Segments

    Consumer Health Division: Accelerating Growth with Innovation in Meaningful Segments Select Examples of Recent Launches or Approvals Astepro Rx-to-OTC Switch AleveX Topical Pain Relief Solutions Bepanthen extension to Dry Skin (launch in 2022) (launched 2021) (launched 2021)  First OTC Steroid-Free

  24. Slide 24: Investor Conference Call Q2 2021 Results

    Investor Conference Call /////////// Q2 2021 Results August 5, 2021 Werner Baumann, CEO Wolfgang Nickl, CFO

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