BayWa AG Annual Report 2011

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BayWa and the Capital Market We are a strong partner to our customers, employees, investors and suppliers. (Taken from BayWa’s Corporate Guidelines) Section Page 41 The Share 45 Investor Relations 2
From –––––––––––––––––––––––– € 0.32 to –––––––––––––––––––––––– € 0.60 ––––––––––––––––––––––––––––––– The dividend proposal for the Annual General Meeting of Shareholders is 60 cents. BayWa share dividend has therefore almost doubled since 2007, up from 32 cents. € 220 million BayWa used the attractive conditions in the capital market to issue a bonded loan of some €220 million in the fourth quarter of 2011. This measure widens the Group’s financial scope and smooths the maturity profile. Greater transparency, greater interest As a listed company, BayWa must fulfil the requirements of the capital markets. This not only goes for achieving a competitive return for our investors but also for maintaining high transparency and communication standards. With this in mind, our Investor Relations activities were stepped up in 2011. Moreover, the number of analysts regularly covering BayWa has risen again. 35% Around 35% of the BayWa Group’s employees have invested in the company through employee shares.
Page 1 and 2: BayWa AG Annual Report 2011
Page 3 and 4: Page Table of Contents 3 Letter to
Page 5 and 6: 4 Letter to the Shareholders We int
Page 7 and 8: 6 The Board of Management The Board
Page 9 and 10: 8 The Supervisory Board The Supervi
Page 11 and 12: 10 The Cooperative Council The Coop
Page 13 and 14: Turners & Growers - a special acqui
Page 15 and 16: 14 1 • The Company • The Busine
Page 17 and 18: 16 1 • The Company • Agricultur
Page 23 and 24: 22 1 • The Company • Energy Seg
Page 29 and 30: 28 1 • The Company • Building M
Page 31 and 32: 30 1 • The Company • Building M
Page 33 and 34: 32 1 • The Company • Goals and
Page 39: 38 1 • The Company • Conducting
Page 43 and 44: 42 2 • BayWa and the Capital Mark
Page 49 and 50: Excellent performance Agriculture:
Page 51 and 52: 50 Growth in Building Materials’
Page 53 and 54: 52 108 fully consolidated companies
Page 55 and 56: 54 Customer groups of BayWa’s bui
Page 57 and 58: 56 Significant increase in the pric
Page 59 and 60: 58 Increase of 19.8% in the revenue
Page 61 and 62: 60 Growth of 21.3% in the BayWa Gro
Page 63 and 64: 62 No entering into speculative ris
Page 65 and 66: 64 Sale of non-core real estate Bon
Page 67 and 68: 66 Excellent result in the financia
Page 69 and 70: 68 3 • Management Report on the C
Page 71 and 72: 70 Cyclical fluctuations lower than
Page 73 and 74: 72 BayWa Group with larger credit f
Page 75 and 76: 74 Stake of 70% in Tecno Spot GmbH
Page 77 and 78: 76 3 • Management Report on the C
Page 79 and 80: 78 Prospects for the sector positiv
Page 81 and 82: 80 Grain imports to Germany possibl
Page 83 and 84: 82 Contribution to value added anti
Page 85 and 86: 84 4 • Consolidated Financial Sta
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90 4 • Consolidated Financial Sta
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92 4 • Consolidated Financial Sta
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4 • Consolidated Financial Statem
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132 4 • Consolidated Financial St
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The provisions have developed as fo
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(C.17.) Other liabilities The table
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(C.20.) Contingent liabilities 4
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The financial liabilities cover the
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In € million As per 31/12/2010 4
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2010 Assets 4 • Consolidated Fina
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(D.3.) Cost of materials 4 • Cons
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(D.7.) Interest income and expenses
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178 4 • Consolidated Financial St
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(E.8.) Executive and supervisory bo
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Franz Kustner Farmer Alois Pabst Fa
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Name and principal place of busines
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Name and principal place of busines
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Report of the Supervisory Board An
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Report of the Supervisory Board Sep
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Corporate Governance Report / State
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Remuneration Report Remuneration of
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29 March 2012 Annual Results Press
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BayWa AG Annual Report 2011

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