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Key Data

Key Data

[Table 1.1]
2012 2013 Change
€ million € million %
Bayer Group      
Sales 39,741 40,157 +1.0
EBIT1 3,928 4,934 +25.6
EBIT before special items2 5,639 5,773 +2.4
EBITDA3 6,916 7,830 +13.2
EBITDA before special items2 8,280 8,401 +1.5
EBITDA margin before special items4 20.8% 20.9%
Income before income taxes 3,176 4,207 +32.5
Net income 2,403 3,189 +32.7
Earnings per share (€)5 2.91 3.86 +32.6
Core earnings per share (€)6 5.30 5.61 +5.8
Gross cash flow7 4,556 5,832 +28.0
Net cash flow8 4,530 5,171 +14.2
Net financial debt 7,022 6,731 -4.1
Capital expenditures as per segment table 2,012 2,155 +7.1
Research and development expenses 3,013 3,190 +5.9
Dividend per Bayer AG share (€) 1.90 2.10 +10.5
HealthCare      
Sales 18,604 18,924 +1.7
EBIT 2,205 3,260 +47.8
EBIT before special items2 3,787 3,973 +4.9
EBITDA3 3,866 4,858 +25.7
EBITDA before special items2 5,119 5,334 +4.2
EBITDA margin before special items4 27.5% 28.2%
Gross cash flow7 2,659 3,573 +34.4
Net cash flow8 3,546 2,980 -16.0
CropScience      
Sales 8,383 8,819 +5.2
EBIT 1,556 1,729 +11.1
EBIT before special items2 1,543 1,801 +16.7
EBITDA3 2,050 2,184 +6.5
EBITDA before special items2 2,025 2,248 +11.0
EBITDA margin before special items4 24.2% 25.5%
Gross cash flow7 1,332 1,590 +19.4
Net cash flow8 899 682 -24.1
MaterialScience      
Sales 11,491 11,238 -2.2
EBIT 581 435 -25.1
EBIT before special items2 613 429 -30.0
EBITDA3 1,236 1,101 -10.9
EBITDA before special items2 1,263 1,072 -15.1
EBITDA margin before special items4 11.0% 9.5%
Gross cash flow7 952 887 -6.8
Net cash flow8 735 977 +32.9
Employees      
Percentage of women in senior management 23 25
Number of nationalities in the Group Leadership Circle 23 31 +34.8
Proportion of employees with health insurance (%) 94 95
Proportion of employees covered by collective agreements on pay and conditions (%) 53 55
Safety      
Recordable Incident Rate for Bayer employees (RIR) 0.49 0.47 -4.1
Lost Time Recordable Incident Rate for Bayer employees (LTRIR) 0.27 0.26 -3.7
Loss of Primary Containment Incident Rate (LoPC-IR)9 0.38 0.35 -7.9
Number of transport incidents 6 11 +83.3
Environmental Protection10      
Direct greenhouse gas emissions
(CO2 equivalents in million t)11
4.24 4.09 -3.6
Indirect greenhouse gas emissions
(CO2 equivalents in million t)11
4.12 4.29 +4.1
Volatile organic compounds
(VOC) (thousand t/a)12
2.60 2.27 -12.9
Ozone-depleting substances (t/a)13 16.28 15.65 -3.9
Total organic carbon (TOC) (thousand t/a) 1.42 1.53 +7.7
Total phosphorus in wastewater (thousand t/a) 0.15 0.11 -24.8
Total nitrogen in wastewater (thousand t/a) 0.70 0.69 -2.1
Hazardous waste generated (thousand t/a) 603 467 -22.6
Hazardous waste landfilled (thousand t/a) 175 53 -69.5
Water use (million m³/a) 384 361 -6.0
Primary energy consumption
(petajoules [1015 joules]/a)
49.05 47.58 -3.0
Secondary energy consumption
(petajoules [1015 joules]/a)
34.14 33.27 -2.6
Energy efficiency (MWh/t)14 3.50 3.44 -1.6
2012 figures restated

1 EBIT = earnings before financial result and taxes
2 EBIT before special items and EBITDA before special items are not defined in the International Financial Reporting Standards and should therefore be regarded only as supplementary information. EBITDA before special items is a meaningful 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 clear picture of the results of operations and ensure comparability of data over time. See also Combined Management Report, Chapter 16.2 “Calculation of EBIT(DA) Before Special Items.”
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. See also Combined Management Report, Chapter 16.2 “Calculation of EBIT(DA) Before Special Items.”
4 The EBIT(DA) margin before special items is calculated by dividing EBIT(DA) before special items by sales.
5 Earnings per share as defined in IAS 33 = net income divided by the average number of shares. For details see Note [16] to the consolidated financial statements.
6 Core earnings per share are not defined in the International Financial Reporting Standards. By reporting this indicator, the company aims to give readers a clear picture of the results of operations and ensure comparability of data over time. The calculation of core earnings per share is explained in the Combined Management Report, Chapter 16.3 “Core Earnings Per Share.”
7 Gross cash flow = income after income taxes, plus income taxes, plus financial 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 EBIT. It also contains benefit payments during the year. For details see Combined Management Report, Chapter 16.5 “Liquidity and Capital Expenditures of the Bayer Group.”
8 Net cash flow = cash flow from operating activities according to IAS 7
9 LoPC-IR: rate of incidents in which chemicals leak from their primary container, such as pipelines, pumps, tanks or drums, per 200,000 working hours in areas relevant to plant safety
10 The changes indicated in percent were not calculated on the basis of rounded values.
11 Portfolio-adjusted in accordance with the Greenhouse Gas Protocol
12 Volatile organic compounds (VOC) excluding methane
13 Ozone depleting substances (ODS) in CFC-11 equivalents
14 Energy efficiency: quotient of total energy consumption and manufactured sales volume. For MaterialScience, only manufactured sales volumes that also form the basis for calculating MaterialScience-specific emissions are taken into account.
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Last updated: February 28, 2014  Copyright © Bayer AG
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