Bayer CropScience Limited. — Investor Presentation 2024

Aug 14, 2024

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August 14, 2024

To, General Manager, DCS - Corporate Relationship Department, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

SECURITY ID : BAYERCROP SECURITY CODE : 506285

Dear Sir,

Sub: Bayer CropScience Limited - Presentation at the Investor Meet being held on August 14, 2024

In furtherance of our letter dated August 09, 2024, please find enclosed herewith the presentation that will be made at the Investor Meet of Bayer CropScience Limited being held on August 14, 2024.

Request you to kindly take the said presentation on record.

Bayer CropScience Ltd. CIN: L24210MH1958PLC011173

Registered and Corporate Office: Bayer House Central Avenue Hiranandani Estate Thane (West) – 400 607 Maharashtra, India

Tel : +91 22 2531 1234 Fax : +91 22 2545 5063 www.bayer.in www.cropscience.bayer.com

Thanking you,

Yours faithfully, for Bayer CropScience Limited Digitally signed by BHARATI BHARATI RATAN SHETTY RATAN SHETTY Date: 2024.08.14 13:58:58 +05'30'

Bharati Shetty

Company Secretary and Compliance Officer (Membership No. ACS 24199)

Encl.: As above

BAYER CROPSCIENCE LIMITED

Caution regarding forward-looking statements and Company Disclaimer

This presentation may contain forward-looking statements based on current assumptions and forecasts made by the Bayer management.

Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer’s public reports which are available on the Bayer website at https://www.bayer.in/en/

The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

/// Bayer CropScience Limited – Investor Meet /// Aug 14, 2024

01 01 02 02 03 03 04 04 05 05

Macro & Micro Environment Macro & Micro Environment Financial performance Financial performance Business update Business update Strategic growth drivers Strategic growth drivers Key takeaways Q&A

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Macro & Micro Environment

Public awareness of sustainability practices

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Global trade dynamics

Climate change

Technological and Financial innovation

Competitive market & labour shortage

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Growing population vs. arable land

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Government policies and initiatives

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KEY DRIVERS

/// Bayer CropScience Limited – Investor Meet /// Aug 14, 2024

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Perform Transform

Partnership & Sustainability

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Financial performance

Simon-Johannes Britsch

Executive Director & Chief Financial Officer, BCSL

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Perform

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/// Bayer CropScience Limited – Investor Meet /// Aug 14, 2024

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Financial Highlights 2023 -24

FY Q1 2023-24 2024-25 Revenue from Operations 51,032 16,312 i n ₹ mio; % yoy -0.7% -6.2% Profit before Tax and Exceptional Items 9,414 3,158 i n ₹ mio; % yoy +6.2% -22.2% Earnings per Share 165 i n ₹; % yoy -2.3% Dividend declared per Share* 140 i n ₹ ; % yoy +7.7% 33.1% Return on Capital Employed +50 bps

EPS = Earnings (after Exceptional Items & Tax) per Share *Includes Final Dividend of ₹35.00 per share subject to shareholders’ approval

/// Bayer CropScience Limited – Investor Meet /// Aug 14, 2024

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Revenue from Operations & OPEX [in ₹ Mio] Earnings per Share [in ₹]
9.0%
51,397 51,032
47,344
42,613 11.8%
36,094
169 165
144
28.2%
29.2% 29.2% 106 110
25.6% 26.1%
OPEX 6.1%
2019-20 2020-21 2021-22 2022-23 2023-24 2019-20 2020-21 2021-22 2022-23 2023-24
sustained margins despite inflationary pressure and supply
proactive OPEX management while prioritizing
chain challenges
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proactive OPEX management while prioritizing investments for future growth

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Cumulated Cashflow [+] vs Dividend [in ₹ Mio] Return on Capital Employed
31,290
33.1%
32.6%
80.4%
21,774
31.0%
86.7% 30.7%
15,681
13,526 83.1%
6,659 46.5% 28.0%
16.9%
2019-20 2020-21 2021-22 2022-23 2023-24
2019-20 2020-21 2021-22 2022-23 2023-24
conversion rate of 76% of Profit (before Exceptional Items & Tax)
into Cashflow from Operations continuous execution of efficient capital management
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Return on Capital Employed

conversion rate of 76% of Profit (before Exceptional Items & Tax) into Cashflow from Operations

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effective working capital management focusing on collections and inventory management

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ESG
Acting responsibly
along the entire Value
Chain
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Energy from renewable Sources: increased +++ 4,259 joules (9.3% of total) / PY: 290 joules GHG emissions (Scope 1): reduced by 40% 976 t CO2e / PY: 1,637 t CO2e Total waste generated: reduced by 47% 2,781 mt / PY: 5,205 mt Improving Gender Diversity male 79%, female 21% new Hires: male 68%, female 32%

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Business update

Simon-Thorsten Wiebusch

Vice Chairman & Managing Director and CEO

/// Bayer CropScience Limited – Investor Meet/// Bayer CropScience Limited - Annual Investors’ Meet /// Aug 14, 2024/// Aug 14, 2024

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Solid performance in Crop Protection and Seeds portfolio amidst
challenging year of deficit monsoon and lower reservoir water levels
Sales Liquidation Weather Commodity Price Acreages
Top contributors Dekalb, Moderate liquidation Deficit monsoon with dry Commodity prices Increase in Rice & Corn
Roundup, Nativo, Laudis, growth in CP spell in key CP product adjusted against supply acreages driven by
Council Active Strong performance in usage months situation vs PY commodity prices
Growth driven by Corn Seeds Large deficit in Southern Increase vs PY in Rice Reduction in acreages of
Horticulture, Corn, Paddy Renkli & Curbix Pro peninsula coupled with commodity prices Cotton, pulses & oilseeds
Record sales volume in launched in gap lower reservoir levels whereas Cotton, - impacted by commodity
Corn Seeds segments Overall low plant Soybean decreased & price & monsoon deficit
Continued Brand building Acerbo & Reatis protection activities Wheat remained stable Rabi acreage impacted
lead to high demand for launched in specialty across the year Chilli lower vs PY, Onion due to deficit monsoon &
key Brands segments Water storage levels better vs PY & other lower reservoir levels
Channel inventory lower impacted Rabi crops vegetables kept
fluctuating basis supply
vs PY
trend
CP = Crop Protection
/// Bayer CropScience Limited – Investor Meet /// Aug 14, 2024 PY = Previous Year
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Corn Demand, Supply and Growth Drivers

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/// Bayer CropScience Limited – Investor Meet /// Aug 14, 2024

Robust domestic demand to meet Food and Energy Security; Acre increase and Productivity key levers to meet the requirement

Demand for Corn increasing with multiple usage

Ethanol as Energy Security

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6% Poultry
13%
Starch
7% Cattlefeed
47%
Processed food
13%
Food
14% Others
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Source: Indian Institute of Maize Research: India Maize Scenario

Demand outpacing Supply

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E Supply (Mill L) E Blend %
50 12.00%
10%
45
10.00%
40 8.10%
35
8.00%
30
25 5% 6.00%
43.4
20
4.00%
15 2.30% 30.2
1.50%
10
17.3 2.00%
5 6.7
3.8
0 0.00%
2013-14 2014-15 2019-20 2020-21 2021-22
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1. Planned target of E20 by 2025

2. Niti Ayog roadmap for 10 Billion Liters Ethanol required

3. Additional corn required to meet the Ethanol demand given corn can be an opportunity crop for the same

Source: Ethanol Growth Story Bulleting, Ministry of Petroleum

Silage as Feed Security

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• Corn Acreage expected to be in Growth Momentum given higher demand for corn

• Capacity addition in Poultry, Starch, Ethanol and Feed to outstrip production Increased acres and productivity to meet the additional demand including silage and ethanol

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India is the biggest producer of milk globally

• Low milk productivity @1600kg compared to global average of 2700kg/animal due to quality feed

• There is net deficiency of green fodder 35.6% (IGFRI Vision 2050)

• Corn silage can help in providing nutritional alternative and provides additional opportunity for corn growth

Source: Silage making bulleting Indian Council of Agricultural Research

IGFRI = Indian Grassland and Fodder Research Institute

/// Bayer CropScience Limited – Investor Meet /// Aug 14, 2024

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/// Bayer CropScience Limited – Investor Meet /// Aug 14, 2024

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Product Teams

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Enabling Teams

Technical Teams

Be the best Bayer for our farmers, employees, investors and society at large

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Productive, Fulfilled People World-Leading Innovation Superior Financial Performance

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Continue to invest in long term growth drivers

Value creation for all stakeholders

Regenerative R&D, Agriculture Innovation & Technology Partnerships & Safe Manufacturing Collaboration Direct Seeded Rice Digitalization & Cropping System Mechanization Carbon Farming* Food Value Chain

Increasing Farmer Income & Livelihood

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A Collaborative Ecosystem to solve for agriculture’s biggest challenges

Better Life Farming

Farmer Producer Organizations Sahbhaagi Tailored Solutions

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*initiatives pertain to other Bayer legal entities in India RESTRICTED

/// Bayer CropScience Limited – Investor Meet /// Aug 14, 2024

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2,500+ 10 10+ 150 650,000+ 49K+ MT
BLF Centers States with Input Partners Women Agri- Smallholder Farmer Offtake from 750
significant Entrepreneur Reach centers (paddy, veg,
cereals)
presence
Yield Improvement (Ton/ Ha) Income per farmer (INR)
Impact assessment 2018 2023 2018 2023
study by IFC 15.69 15.92
89,071
8.3 8.87 53,673
Sample: 1,200 farmers
16,570
9,248
Chilli (UP) Tomato (JH) Chilli (UP) Tomato (JH)
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Driving small holder collectivization by enabling Farmer Producer Organisations (FPOs)

Government’s Plan

Bayer’s Vision

Current Status

Overall scale

Formation & handholding 350+ FPOs FPO capacity building connect 3000 FPO run retails shop reach: 2,000 Women Collective Reach : 20 Women farmer reach: 100,000

30,000 FPOs registered 1500+ all women FPOs 8,000+ in Input business 250K+ villages coverage 10+ Mn farmer collectivization

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Needs of FPOs

Likely Impact

Increased reach for business expansion Favorable business environment for Bayer Alternate revenue creation FPO run PoS Reinforce license to operate Sustainability goals – gender smart agriculture

Access to quality inputs Capacity building for sustainability Market Linkages for value chain support Viability of farming as a Business for SHFs Farming Revenue Aggregation by collective

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Govt’s statewise FPO scale-up plan

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SHF= Smallholder Farmer

India map for illustrative purpose only

/// Bayer CropScience Limited – Investor Meet /// Aug 14, 2024

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Ground report - Drone & Direct Seeded Rice (DSR) Operations

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Handholding seed production farmers of Odisha by easing out their spray operations through drones

Drone Spray Awareness Camp

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Formerly an IT professional, Pushpinder Singh is now a trendsetter for the farming community in Ganganagar district by adopting Bayer’s drone services.

He says “Using traditional ways of spraying using tractor-mounted machines, our crops especially tall crops used to get damaged, and that damage was not recovered. Drone is a great technology which can overcome such challenges”

Supporting smallholder farmers in sustainable rice production through DSR Mechanization

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/// Bayer CropScience Limited – Investor Meet /// Aug 14, 2024

Direct-2-Farmer connect via our digital outreach

Integrated campaigns to increase brand awareness & purchase consideration

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10 Languages

Owned Media

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Reach: 3.5 Mn App Installs 450K Peak Monthly Active Users

26 Crops Advisory

15 States

400+ Mandis

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Anti Counterfeit: 2.3 Mn authentication scans since launch in Nov ‘22

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Image based recognition: 70K+ diseases/pests diagnosed

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Shared Media

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Subscribers: 235K Organic Reach through Facebook & YouTube

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Farmers: 28.5M Facebook Unique Reach & 1.2M Cumulative Reach through Instant Messaging Campaigns

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Paid Media

73.8M Farmers

Innovative Platforms Cumulative Reach targeted for Digital Farmer Campaigns

Video Views:

17.7M Total YouTube videos watched

/// Bayer CropScience Limited – Investor Meet /// Aug 14, 2024

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Finance

Inputs & Advisory

Market

Linkage

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• Digitizing transactions & farming practices of co-operative farmers creating dataflow to establish creditworthiness

• Algorithm based financial products customized to farmers’ capital needs

• Facilitates better credit decisions by financial institutions

• Agronomic advice to increase farm productivity boosts use of Bayer’s high-quality inputs

• Co-operative farmers gain better access to right inputs

• Bayer & input partners get access to new customers , increase share of wallet, cross-selling and reduce cost-to-serve

• Digital marketplace connects farmers directly with buyers ensuring price transparency & improves farmer bargaining power & income

• Off-takers gain in-time access to aggregated produce , meeting quality standards

• Secure market linkage enables farmers to enhance farming practice

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Opportunity D I R E C T for 75% S E E D E D 75% DSR HA in R I C E India by 2040[1] S Y S T E M

Elite Designed Hybrid Rice //////

Effective Weed Management & Crop protection /////

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Digital Insights & Agronomic Support

HYBRID RICE TRIALS

1 internal estimate based on socio economic, climate effects and policy environment

GHG = Greenhouse gasesRESTRICTED

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Q&A

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