Bayer R&D Investor Day 2005

Transcription

1 Science For A Better Life MaterialScience Bayer R&D Investor Day 2005 December 8, 2005 London Bayer R&D Investor Day 2005 Innovation in Automotive Ian Paterson Board Member Innovation & Marketing Bayer MaterialScience Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 2

2 Forward Looking Statements This presentation contains forward-looking statements based on current assumptions and forecasts made by Bayer Group 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 our public reports filed with the Frankfurt Stock Exchange and with the U.S. Securities and Exchange Commission (including our Form 20-F). The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 3 Key Messages Steady growth in polymers for automotive applications Providing smart solutions with polyurethane-based innovations for - Composites for exterior parts - Coated polymer parts - Self-healing coatings Technology brake-through achieved in automotive glazing based on polycarbonate Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 4

3 Steady growth in polymers for automotive applications Providing smart solutions with polyurethane-based innovations for - Composites for exterior parts - Coated polymer parts - Self-healing coatings Technology brake-through achieved in automotive glazing based on polycarbonate Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 5 Attractive Growth Opportunity in Automotive Driven by Market Growth and Material Substitution Car & truck production Development of the material shares Based on average automotive weight of 1.3 tons Cars + Trucks in Mio. 30 APAC EMEA Americas e 2010e 11% 14% 17% 23% 27% 31% 66% 59% 52% Polymers Other Materials Steel/ Metal e Dynamic market for car and truck production: market growth +3% CAGR ( e) Polymers expected to grow over-proportionally by replacing metal and other materials Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 6 * forecast

4 Various Polymers Used in Automotive Bayer Strong in High Value Segments Split by product Total 2004: 12,500 kt Split by application areas Other Eng. Thermoplastics PC/PC-Blends 7,2% 3,2% PA 12,9% PUR 13,3% Vehicle interior 41% PMMA 1,6% Thermosets 11,2% PE-LD/LLD 2,8% Vehicle exterior 24% ABS, SAN 10,4% PE-HD 3,6% Under-the-bonnet 22% PVC 5,6% Electrical system/electronics 13% PP 28,1% Growth of polymers in cars through substitution: CAGR 3% ( , share of total weight) Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 7 Steady growth in polymers for automotive applications Providing smart solutions with polyurethane-based innovations for - Composites for exterior parts - Coated polymer parts - Self-healing coatings Technology brake-through achieved in automotive glazing based on polycarbonate Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 8

5 Innovation in Automotive A Broad Spectrum of Requirements to Meet Functionality Active / passive safety Modularization Comfort Lightweight construction Environmental aspects Efficiency Design Aesthetics Quality Economy Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 9 Polyurethane Offers Multiple Solutions Applications From Bumpers to Seats or Headliners Sun-roof Headliner Cockpit Fender Adhesive Seats Loadfloor Spoiler Rocker-panel Coatings Bumper Polyurethane-based solutions are found in virtually every car today Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 10

6 Replacing Steel With Polyurethane Horizontal Composites for Exterior Parts Specific requirements met by polyurethane Integrational properties, allowing modularization of entire roof part Steel-like dimensional stability Mechanical stability through glass fiber reinforcement Class-A surface quality Present application and expected future potential Smart Forfour Hardtop Smart Forfour Panorama roof Opel Zafira Market potential PUR in roof applications in tons ~ 17,000 t ~ 700 t ~ 1,500 t 2005e 2007e 2015e Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 11 Lower Costs Through Integrated Solutions More Than Just Replacing Steel Advantages of PUR-based roof solutions and structural members Material substitution: Cost & weight savings Integration & consolidation: Savings on assembly costs Safety: Lower center of gravity Improved crash behavior Sunroof solutions: Weight savings panoramic roof opaque roof sunroof sectioned-panoramic roof lamella roof Source: courtesy of Webasto Modularization as competitive advantage Coat, structural part and headliner in a single assembly Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 12

7 Reverse Coatings Process Raises Efficiency Joining Coatings and PC Film Technologies Technology today: Thermoplastic molding, then spray coating 1 2 Multiple handling steps Expensive paint shops Overspray Long oven drying time (30 min.) Complex process, risk of paint defects Reverse process: Coating of PC film, then component forming 1 2 Less investment for paint shops and oven No overspray for 2D film coating Lean process with short drying time (2 min.) and fewer paint defects Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 13 Reverse Coating Process: Profile and Status Offering Customized Solutions Combination of PUR coatings and PC film offers high performance profile Profile Formability and elasticity of coated PC film Tailor-made coating solutions for various applications: Automotive exterior parts, e.g. roof module: - High scratch and chemical resistance through UV post-curing of coated PC film - Class-A surface qualities Automotive interior applications: - Soft-feel haptics, e.g. velvet-like Thermoformable soft feel coated PC films for automotive interiors Status Patents filed Roof modules in pilot production Expected market introduction of soft-feel PC film (velvet-like touch) in 2006 Thermoformable coated PC films for automotive exteriors Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 14

8 Coated Films Have Huge Potential All Polymer Add-On Parts Potentially Accessible Polymer coating raw material market for automotive in million CAGR= 6% e All polymer add-on parts can potentially be manufactured via film based technologies System approach using coated film technology to become new state-of-the art in automotive polymer coating Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 15 New Opportunities Healing Coatings 2K-PUR Clear Coatings With Unique Properties Deficiencies of clear coatings in practical use scratching etching Requirements for automotive clear coatings High brilliance Excellent scratch resistance No etching under environmental stress O O O C N C O H N H R hydrogen bondings R O C N O H H O N C O urethane groups Polyurethane technology as solution provider Chemical and physical bonding (H-bonds) High stiffness but flexible Chemical resistant functional groups High scratch resistance Self-healing properties Long lasting gloss through specific aliphatic isocyanate and polyol combinations Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 16

9 Innovation in Self-Healing Coatings Plastic Deformation vs. Brittle Fracture x x x Scratch sensitive clear coatings Scratching xx x Polymer network Brittle fracture Self healing clear coatings Scratching Plastic deformation Process starts above glass transition temperature at 60 C Self-healing Duration 2-3 hours Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 17 Innovation in Self-Healing Coatings Plastic Deformation vs. Brittle Fracture x x x Scratch sensitive clear coatings Scratching xx x Polymer network Brittle fracture Self healing clear coatings Scratching Plastic deformation Process starts above glass transition temperature at 60 C Self-healing Duration 2-3 hours Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 18

10 Market Potential of Self-Healing Coatings PUR Clear Coatings Outpacing Market Growth million units Automotive production Passenger vehicles coated with PUR clear coatings CAGR 3% Market share PUR clear coatings (of total coatings in auto) % % 20 CAGR 6% 2014e 35% e Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 19 Matching Future Challenges in Automotive Bayer Materials Likely To Be Polymer of Choice Foto Easy-to-clean coatings First waterborne graffiti resistant coatings raw materials (VOC compliant clear coats approved by Deutsche Bahn AG) Expected first industry application 2006 LED head lamps PCS-based LED application in front lighting and backlight unit Maintenance-free, energy efficient, design freedom Expected first industry application Source: Cymat Corp. Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 20 Pedestrian protection systems First hybrid bonnet/hood concept, based on alu foam and a PUR system High energy absorption, high stiffness, low weight Expected first industry application

11 Steady growth in polymers for automotive applications Providing smart solutions with polyurethane-based innovations for - Composites for exterior parts - Coated polymer parts - Self-healing coatings Technology brake-through achieved in automotive glazing based on polycarbonate Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 21 Not Revolution, But Evolution Polycarbonate Demand For Automotive Glazing in kt Total estimated market volume Estimated future market e 2008e 2010e 2012e 2014e Business plan intact: Very attractive market with long-term growth potential Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 22

12 PC Automotive Glazing at the Beginning Project Pipeline with Clear Milestones Estimated start of production Roof modules Running business Fixed side windows Transparent rear body parts Backlites Rear truck sliders Moveable side windows 2008e 2009e 2012e Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 23 Significant Advantages in Glazing Polycarbonate Properties Match Industry Demand Weight Saving & Environment Safety & Security Styling and Design Lightweight door designs Removable windows Lower center of gravity Fuel economy Passenger retention Anti "smash-n-grab" Design freedom Reduced assembly complexity and functional integration Tailor-made color matching Polycarbonate is the only polymer to meet broad spectrum of requirements Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 24

13 R R Innovative Solution for Scratch Resistance Bayer MaterialScience and Exatec Deliver New plasma coating provides glass-like abrasion and scratch resistance Long-term weatherability Specific Makrolon polymer grades as substrate for nano-scaled layers Inclusion of functionalities: defroster, IR absorption Cost competitiveness and higher production output Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 25 Technology Breakthrough With Exatec Highly Functional and Cost-Efficient A-SURFACE Exatec Plasma Exatec SHX Exatec SHP 9X Abrasion Layer Plasma Coating Weathering Layer Silicon Hard Coating Acrylic Primer PRINTED WINDOW Scratch resistance Extended weathering Wiper capability Glass-like abrasion UV protection Long term adhesion System capability Makrolon Black-out Exatec SHP 9X B- SURFACE Exatec SHX Additives Dyes Exatec Inks & Pastes Optical quality Ductility Part integration Color options Solar control (IR) Images & fade out Defroster/ antenna Decorations (colors) Regulatory part marking Exatec Plasma B-SURFACE Polycarbonate glazing technology for window and vehicle top applications Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 26

14 Challenges Beyond Scratch Resistance Complex Resin Requirements Molding behavior Toughness Flowability Heat distortion temperature Dimensional stability Weatherability Purity Transparency Cycle time UV resistance Coating adhesion Mold release properties Thermal stability Specific Makrolon grades for specific automotive glazing requirements Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 27 Innovation in the Automotive Industry Bayer is well positioned in the growing market for polymer applications in automotive Increased modularization and inclusion of additional functionalities go beyond mere substitution of established materials Polyurethanes offer cost-efficient, tailor-made solutions to specific needs of automotive industry Technological breakthrough in polycarbonate for automotive glazing Transportation sector (incl. trains and planes) potentially opens up new market opportunities in Far East Bayer R&D Investor Day London December 8, 2005 Ian Paterson Slide 28

15 Science For A Better Life MaterialScience Bayer R&D Investor Day 2005 December 8, 2005 London