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2011 Booz & Company Global Innovation 1000 Company Listing NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY 24 October 2011 Sources: Bloomberg, Company Annual Reports 2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD) 1 1 Roche Holding AG SWITZERLAND Europe Health 9,646 2 5 Pfizer Inc UNITED STATES North America Health 9,413 3 6 Novartis AG SWITZERLAND Europe Health 9,070 4 2 Microsoft Corp UNITED STATES North America Software/Internet 8,714 5 14 Merck & Co Inc UNITED STATES North America Health 8,591 6 4 Toyota Motor Corp JAPAN Japan Auto 8,546 7 10 Samsung Electronics Co Ltd SOUTH KOREA ROW Computing and Electronics 7,873 8 3 Nokia OYJ FINLAND Europe Computing and Electronics 7,778 9 11 General Motors Co UNITED STATES North America Auto 6,962 10 7 Johnson & Johnson UNITED STATES North America Health 6,844 11 13 Intel Corp UNITED STATES North America Computing and Electronics 6,576 12 18 Panasonic Corp JAPAN Japan Computing and Electronics 6,176 13 9 GlaxoSmithKline PLC BRITAIN Europe Health 6,127 14 15 Volkswagen AG GERMANY Europe Auto 6,089 15 12 International Business Machines Corp UNITED STATES North America Computing and Electronics 6,026 16 8 Sanofi FRANCE Europe Health 5,838 17 19 Honda Motor Co Ltd JAPAN Japan Auto 5,704 18 22 AstraZeneca PLC BRITAIN Europe Health 5,318 19 17 Cisco Systems Inc UNITED STATES North America Computing and Electronics 5,273 20 16 Siemens AG GERMANY Europe Industrials 5,217 21 20 Ford Motor Co UNITED STATES North America Auto 5,000 22 21 Sony Corp JAPAN Japan Computing and Electronics 4,994 23 24 Eli Lilly & Co UNITED STATES North America Health 4,884 24 25 Nissan Motor Co Ltd JAPAN Japan Auto 4,672 25 27 Hitachi Ltd JAPAN Japan Computing and Electronics 4,623 26 26 Daimler AG GERMANY Europe Auto 4,611 27 37 Oracle Corp UNITED STATES North America Software/Internet 4,519 28 23 Telefonaktiebolaget LM Ericsson SWEDEN Europe Computing and Electronics 4,391 29 30 Boeing Co/The UNITED STATES North America Aerospace and Defense 4,121 30 32 Bayerische Motoren Werke AG GERMANY Europe Auto 4,089 31 29 Bayer AG GERMANY Europe Chemicals and Energy 4,050 32 35 General Electric Co UNITED STATES North America Industrials 3,939 33 28 European Aeronautic Defence and Space NETHERLANDS Europe Aerospace and Defense 3,899 34 44 Google Inc UNITED STATES North America Software/Internet 3,762 35 34 Toshiba Corp JAPAN Japan Computing and Electronics 3,741 36 47 Abbott Laboratories UNITED STATES North America Health 3,724 37 36 Canon Inc JAPAN Japan Computing and Electronics 3,608 38 31 Bristol-Myers Squibb Co UNITED STATES North America Health 3,566 39 33 Alcatel-Lucent/France FRANCE Europe Computing and Electronics 3,531 40 42 Denso Corp JAPAN Japan Auto 3,394 41 38 Takeda Pharmaceutical Co Ltd JAPAN Japan Health 3,380 42 40 Nippon Telegraph & Telephone Corp JAPAN Japan Telecom 3,139 43 45 Hewlett-Packard Co UNITED STATES North America Computing and Electronics 2,959 44 43 Amgen Inc UNITED STATES North America Health 2,894 45 52 Fujitsu Ltd JAPAN Japan Computing and Electronics 2,764 46 48 Peugeot SA FRANCE Europe Auto 2,753 47 46 Finmeccanica SpA ITALY Europe Aerospace and Defense 2,693 48 51 Qualcomm Inc UNITED STATES North America Computing and Electronics 2,549 49 56 Astellas Pharma Inc JAPAN Japan Health 2,543 50 49 Renault SA FRANCE Europe Auto 2,433 51 - Renesas Electronics Corp JAPAN Japan Computing and Electronics 2,371 52 57 STMicroelectronics NV SWITZERLAND Europe Computing and Electronics 2,350 53 54 SAP AG GERMANY Europe Software/Internet 2,294 54 55 Daiichi Sankyo Co Ltd JAPAN Japan Health 2,274 1
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2011 Booz & Company Global Innovation 1000 …€¦2011 Booz & Company Global Innovation 1000 Company Listing NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY 24 …

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Page 1: 2011 Booz & Company Global Innovation 1000 …€¦2011 Booz & Company Global Innovation 1000 Company Listing NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY 24 …

2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

1 1 Roche Holding AG SWITZERLAND Europe Health 9,646

2 5 Pfizer Inc UNITED STATES North America Health 9,413

3 6 Novartis AG SWITZERLAND Europe Health 9,070

4 2 Microsoft Corp UNITED STATES North America Software/Internet 8,714

5 14 Merck & Co Inc UNITED STATES North America Health 8,591

6 4 Toyota Motor Corp JAPAN Japan Auto 8,546

7 10 Samsung Electronics Co Ltd SOUTH KOREA ROW Computing and Electronics 7,873

8 3 Nokia OYJ FINLAND Europe Computing and Electronics 7,778

9 11 General Motors Co UNITED STATES North America Auto 6,962

10 7 Johnson & Johnson UNITED STATES North America Health 6,844

11 13 Intel Corp UNITED STATES North America Computing and Electronics 6,576

12 18 Panasonic Corp JAPAN Japan Computing and Electronics 6,176

13 9 GlaxoSmithKline PLC BRITAIN Europe Health 6,127

14 15 Volkswagen AG GERMANY Europe Auto 6,089

15 12 International Business Machines Corp UNITED STATES North America Computing and Electronics 6,026

16 8 Sanofi FRANCE Europe Health 5,838

17 19 Honda Motor Co Ltd JAPAN Japan Auto 5,704

18 22 AstraZeneca PLC BRITAIN Europe Health 5,318

19 17 Cisco Systems Inc UNITED STATES North America Computing and Electronics 5,273

20 16 Siemens AG GERMANY Europe Industrials 5,217

21 20 Ford Motor Co UNITED STATES North America Auto 5,000

22 21 Sony Corp JAPAN Japan Computing and Electronics 4,994

23 24 Eli Lilly & Co UNITED STATES North America Health 4,884

24 25 Nissan Motor Co Ltd JAPAN Japan Auto 4,672

25 27 Hitachi Ltd JAPAN Japan Computing and Electronics 4,623

26 26 Daimler AG GERMANY Europe Auto 4,611

27 37 Oracle Corp UNITED STATES North America Software/Internet 4,519

28 23 Telefonaktiebolaget LM Ericsson SWEDEN Europe Computing and Electronics 4,391

29 30 Boeing Co/The UNITED STATES North America Aerospace and Defense 4,121

30 32 Bayerische Motoren Werke AG GERMANY Europe Auto 4,089

31 29 Bayer AG GERMANY Europe Chemicals and Energy 4,050

32 35 General Electric Co UNITED STATES North America Industrials 3,939

33 28 European Aeronautic Defence and Space Co NVNETHERLANDS Europe Aerospace and Defense 3,899

34 44 Google Inc UNITED STATES North America Software/Internet 3,762

35 34 Toshiba Corp JAPAN Japan Computing and Electronics 3,741

36 47 Abbott Laboratories UNITED STATES North America Health 3,724

37 36 Canon Inc JAPAN Japan Computing and Electronics 3,608

38 31 Bristol-Myers Squibb Co UNITED STATES North America Health 3,566

39 33 Alcatel-Lucent/France FRANCE Europe Computing and Electronics 3,531

40 42 Denso Corp JAPAN Japan Auto 3,394

41 38 Takeda Pharmaceutical Co Ltd JAPAN Japan Health 3,380

42 40 Nippon Telegraph & Telephone Corp JAPAN Japan Telecom 3,139

43 45 Hewlett-Packard Co UNITED STATES North America Computing and Electronics 2,959

44 43 Amgen Inc UNITED STATES North America Health 2,894

45 52 Fujitsu Ltd JAPAN Japan Computing and Electronics 2,764

46 48 Peugeot SA FRANCE Europe Auto 2,753

47 46 Finmeccanica SpA ITALY Europe Aerospace and Defense 2,693

48 51 Qualcomm Inc UNITED STATES North America Computing and Electronics 2,549

49 56 Astellas Pharma Inc JAPAN Japan Health 2,543

50 49 Renault SA FRANCE Europe Auto 2,433

51 - Renesas Electronics Corp JAPAN Japan Computing and Electronics 2,371

52 57 STMicroelectronics NV SWITZERLAND Europe Computing and Electronics 2,350

53 54 SAP AG GERMANY Europe Software/Internet 2,294

54 55 Daiichi Sankyo Co Ltd JAPAN Japan Health 2,274

1

Page 2: 2011 Booz & Company Global Innovation 1000 …€¦2011 Booz & Company Global Innovation 1000 Company Listing NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY 24 …

2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

55 - LG Electronics Inc SOUTH KOREA ROW Computing and Electronics 2,209

56 53 Koninklijke Philips Electronics NV NETHERLANDS Europe Computing and Electronics 2,091

57 41 NEC Corp JAPAN Japan Computing and Electronics 2,065

58 67 Sharp Corp/Japan JAPAN Japan Computing and Electronics 2,036

59 66 BAE Systems PLC BRITAIN Europe Aerospace and Defense 2,006

60 60 BASF SE GERMANY Europe Chemicals and Energy 1,979

61 58 Procter & Gamble Co/The UNITED STATES North America Consumer 1,950

62 63 FUJIFILM Holdings Corp JAPAN Japan Industrials 1,934

63 - Otsuka Holdings Co Ltd JAPAN Japan Health 1,925

64 62 Continental AG GERMANY Europe Auto 1,924

65 80 Caterpillar Inc UNITED STATES North America Industrials 1,905

66 - Exor SpA ITALY Europe Other 1,898

67 70 EMC Corp/Massachusetts UNITED STATES North America Computing and Electronics 1,888

68 65 Merck KGaA GERMANY Europe Health 1,853

69 68 Volvo AB SWEDEN Europe Auto 1,805

70 82 Apple Inc UNITED STATES North America Computing and Electronics 1,782

71 79 Mitsubishi Electric Corp JAPAN Japan Computing and Electronics 1,775

72 72 Broadcom Corp UNITED STATES North America Computing and Electronics 1,762

73 78 PetroChina Co Ltd CHINA India/China Chemicals and Energy 1,750

74 71 United Technologies Corp UNITED STATES North America Aerospace and Defense 1,746

75 89 Amazon.com Inc UNITED STATES North America Software/Internet 1,734

76 76 Novo Nordisk A/S DENMARK Europe Health 1,710

77 61 Eisai Co Ltd JAPAN Japan Health 1,697

78 73 Dow Chemical Co/The UNITED STATES North America Chemicals and Energy 1,660

79 81 EI du Pont de Nemours & Co UNITED STATES North America Chemicals and Energy 1,651

80 86 Sumitomo Chemical Co Ltd JAPAN Japan Chemicals and Energy 1,616

81 74 Texas Instruments Inc UNITED STATES North America Computing and Electronics 1,570

82 75 Mitsubishi Chemical Holdings Corp JAPAN Japan Chemicals and Energy 1,531

83 77 Medtronic Inc UNITED STATES North America Health 1,508

84 - Motorola Mobility Holdings Inc UNITED STATES North America Computing and Electronics 1,479

85 83 Honeywell International Inc UNITED STATES North America Industrials 1,466

86 84 3M Co UNITED STATES North America Industrials 1,434

87 69 Advanced Micro Devices Inc UNITED STATES North America Computing and Electronics 1,405

88 140 China Railway Construction Corp Ltd CHINA India/China Industrials 1,388

89 107 Research In Motion Ltd CANADA North America Computing and Electronics 1,351

90 87 Nestle SA SWITZERLAND Europe Consumer 1,350

91 104 AT&T Inc UNITED STATES North America Telecom 1,345

92 59 Fiat SpA ITALY Europe Auto 1,344

93 97 Aisin Seiki Co Ltd JAPAN Japan Auto 1,304

94 93 Ricoh Co Ltd JAPAN Japan Computing and Electronics 1,296

95 64 BT Group PLC BRITAIN Europe Telecom 1,296

96 85 Biogen Idec Inc UNITED STATES North America Health 1,249

97 133 Hon Hai Precision Industry Co Ltd TAIWAN ROW Computing and Electronics 1,233

98 88 Unilever NV NETHERLANDS Europe Consumer 1,231

99 94 Suzuki Motor Corp JAPAN Japan Auto 1,218

100 96 Monsanto Co UNITED STATES North America Chemicals and Energy 1,205

101 90 Electronic Arts Inc UNITED STATES North America Software/Internet 1,153

102 112 Applied Materials Inc UNITED STATES North America Computing and Electronics 1,144

103 132 Celgene Corp UNITED STATES North America Health 1,128

104 92 France Telecom SA FRANCE Europe Telecom 1,121

105 128 Vivendi SA FRANCE Europe Telecom 1,108

106 91 Yahoo! Inc UNITED STATES North America Software/Internet 1,082

107 100 ABB Ltd SWITZERLAND Europe Industrials 1,082

108 39 Motorola Solutions Inc UNITED STATES North America Computing and Electronics 1,079

2

Page 3: 2011 Booz & Company Global Innovation 1000 …€¦2011 Booz & Company Global Innovation 1000 Company Listing NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY 24 …

2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

109 110 Gilead Sciences Inc UNITED STATES North America Health 1,073

110 114 Mazda Motor Corp JAPAN Japan Auto 1,065

111 150 Hyundai Motor Co SOUTH KOREA ROW Auto 1,057

112 106 Telefonica SA SPAIN Europe Telecom 1,057

113 113 General Dynamics Corp UNITED STATES North America Aerospace and Defense 1,056

114 105 Deere & Co UNITED STATES North America Industrials 1,052

115 124 ZTE Corp CHINA India/China Computing and Electronics 1,048

116 108 Syngenta AG SWITZERLAND Europe Chemicals and Energy 1,032

117 95 Royal Dutch Shell PLC NETHERLANDS Europe Chemicals and Energy 1,019

118 99 Exxon Mobil Corp UNITED STATES North America Chemicals and Energy 1,012

119 151 Petroleo Brasileiro SA BRAZIL ROW Chemicals and Energy 989

120 115 Bridgestone Corp JAPAN Japan Auto 973

121 118 Total SA FRANCE Europe Chemicals and Energy 949

122 159 Taiwan Semiconductor Manufacturing Co LtdTAIWAN ROW Computing and Electronics 944

123 101 Boston Scientific Corp UNITED STATES North America Health 939

124 111 UCB SA BELGIUM Europe Health 935

125 131 Teva Pharmaceutical Industries Ltd ISRAEL ROW Health 933

126 134 Alstom SA FRANCE Europe Industrials 930

127 135 Sumitomo Electric Industries Ltd JAPAN Japan Auto 925

128 130 Schlumberger Ltd UNITED STATES North America Chemicals and Energy 919

129 143 Juniper Networks Inc UNITED STATES North America Computing and Electronics 918

130 116 Baxter International Inc UNITED STATES North America Health 915

131 129 eBay Inc UNITED STATES North America Software/Internet 908

132 127 Marvell Technology Group Ltd BERMUDA Europe Computing and Electronics 898

133 103 Vale SA BRAZIL ROW Industrials 891

134 122 L'Oreal SA FRANCE Europe Consumer 882

135 109 Seagate Technology PLC IRELAND Europe Computing and Electronics 877

136 121 Symantec Corp UNITED STATES North America Software/Internet 862

137 123 Rockwell Collins Inc UNITED STATES North America Aerospace and Defense 861

138 144 Konica Minolta Holdings Inc JAPAN Japan Industrials 850

139 117 NVIDIA Corp UNITED STATES North America Computing and Electronics 849

140 178 Tokyo Electron Ltd JAPAN Japan Computing and Electronics 826

141 138 Thales SA FRANCE Europe Aerospace and Defense 812

142 166 Danaher Corp UNITED STATES North America Industrials 809

143 146 Allergan Inc/United States UNITED STATES North America Health 805

144 119 Gazprom OAO RUSSIA ROW Chemicals and Energy 796

145 155 Olympus Corp JAPAN Japan Industrials 787

146 - Freescale Semiconductor Holdings I Ltd UNITED STATES North America Computing and Electronics 782

147 126 Xerox Corp UNITED STATES North America Computing and Electronics 781

148 177 BP PLC BRITAIN Europe Chemicals and Energy 780

149 145 MediaTek Inc TAIWAN ROW Computing and Electronics 741

150 153 Asahi Kasei Corp JAPAN Japan Chemicals and Energy 729

151 147 Cie Generale des Etablissements MichelinFRANCE Europe Auto 723

152 139 Johnson Controls Inc UNITED STATES North America Auto 723

153 98 Forest Laboratories Inc UNITED STATES North America Health 716

154 187 China Petroleum & Chemical Corp CHINA India/China Chemicals and Energy 714

155 157 Valeo SA FRANCE Europe Auto 712

156 161 Nikon Corp JAPAN Japan Industrials 711

157 125 Textron Inc UNITED STATES North America Industrials 702

158 167 Hynix Semiconductor Inc SOUTH KOREA ROW Computing and Electronics 701

159 158 Mitsubishi Heavy Industries Ltd JAPAN Japan Industrials 689

160 175 Isuzu Motors Ltd JAPAN Japan Auto 686

161 182 Adobe Systems Inc UNITED STATES North America Software/Internet 680

162 172 LSI Corp UNITED STATES North America Computing and Electronics 670

3

Page 4: 2011 Booz & Company Global Innovation 1000 …€¦2011 Booz & Company Global Innovation 1000 Company Listing NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY 24 …

2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

163 164 Shire PLC IRELAND Europe Health 662

164 169 Dell Inc UNITED STATES North America Computing and Electronics 661

165 176 Rolls-Royce Holdings PLC BRITAIN Europe Aerospace and Defense 652

166 194 NetApp Inc UNITED STATES North America Computing and Electronics 649

167 170 EDF SA FRANCE Europe Other 645

168 141 Lockheed Martin Corp UNITED STATES North America Aerospace and Defense 638

169 189 Vertex Pharmaceuticals Inc UNITED STATES North America Health 637

170 142 Seiko Epson Corp JAPAN Japan Computing and Electronics 636

171 168 Kirin Holdings Co Ltd JAPAN Japan Consumer 636

172 181 St Jude Medical Inc UNITED STATES North America Health 631

173 156 Yamaha Motor Co Ltd JAPAN Japan Auto 631

174 183 Raytheon Co UNITED STATES North America Aerospace and Defense 625

175 195 Japan Tobacco Inc JAPAN Japan Consumer 624

176 162 Micron Technology Inc UNITED STATES North America Computing and Electronics 624

177 160 ASML Holding NV NETHERLANDS Europe Computing and Electronics 621

178 179 TDK Corp JAPAN Japan Computing and Electronics 620

179 202 Nintendo Co Ltd JAPAN Japan Consumer 617

180 380 Kia Motors Corp SOUTH KOREA ROW Auto 615

181 163 Agilent Technologies Inc UNITED STATES North America Computing and Electronics 612

182 197 Western Digital Corp UNITED STATES North America Computing and Electronics 611

183 149 Safran SA FRANCE Europe Aerospace and Defense 608

184 171 Northrop Grumman Corp UNITED STATES North America Aerospace and Defense 603

185 184 Corning Inc UNITED STATES North America Computing and Electronics 603

186 185 Schneider Electric SA FRANCE Europe Industrials 597

187 186 Shionogi & Co Ltd JAPAN Japan Health 596

188 193 TE Connectivity Ltd SWITZERLAND Europe Computing and Electronics 585

189 - LG Display Co Ltd SOUTH KOREA ROW Computing and Electronics 584

190 207 Kraft Foods Inc UNITED STATES North America Consumer 583

191 192 Kyocera Corp JAPAN Japan Computing and Electronics 579

192 199 Komatsu Ltd JAPAN Japan Industrials 573

193 180 Intuit Inc UNITED STATES North America Software/Internet 573

194 - NXP Semiconductor NV NETHERLANDS Europe Computing and Electronics 568

195 - Fiat Industrial SpA ITALY Europe Auto 555

196 198 Nippon Steel Corp JAPAN Japan Industrials 546

197 201 Toray Industries Inc JAPAN Japan Consumer 545

198 174 H Lundbeck A/S DENMARK Europe Health 542

199 165 Infineon Technologies AG GERMANY Europe Computing and Electronics 541

200 191 Cie de St-Gobain FRANCE Europe Industrials 533

201 203 Kao Corp JAPAN Japan Consumer 533

202 173 Chevron Corp UNITED STATES North America Chemicals and Energy 526

203 188 Henkel AG & Co KGaA GERMANY Europe Consumer 519

204 213 Whirlpool Corp UNITED STATES North America Industrials 516

205 200 Automatic Data Processing Inc UNITED STATES North America Consumer 514

206 - SAIC Motor Corp Ltd CHINA India/China Auto 507

207 223 Ono Pharmaceutical Co Ltd JAPAN Japan Health 502

208 234 Fuji Heavy Industries Ltd JAPAN Japan Auto 502

209 212 Autodesk Inc UNITED STATES North America Software/Internet 496

210 148 MAN SE GERMANY Europe Industrials 495

211 217 Analog Devices Inc UNITED STATES North America Computing and Electronics 492

212 233 Tokyo Electric Power Co Inc/The JAPAN Japan Other 492

213 235 Regeneron Pharmaceuticals Inc UNITED STATES North America Health 489

214 227 PepsiCo Inc/NC UNITED STATES North America Consumer 488

215 224 Scania AB SWEDEN Europe Auto 488

216 231 Omron Corp JAPAN Japan Computing and Electronics 483

4

Page 5: 2011 Booz & Company Global Innovation 1000 …€¦2011 Booz & Company Global Innovation 1000 Company Listing NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY 24 …

2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

217 218 UBISOFT Entertainment FRANCE Europe Software/Internet 481

218 196 Maxim Integrated Products Inc UNITED STATES North America Computing and Electronics 475

219 211 Emerson Electric Co UNITED STATES North America Computing and Electronics 473

220 208 CA Inc UNITED STATES North America Software/Internet 471

221 205 Areva SA FRANCE Europe Chemicals and Energy 470

222 222 Actelion Ltd SWITZERLAND Europe Health 466

223 215 Murata Manufacturing Co Ltd JAPAN Japan Computing and Electronics 465

224 249 Elpida Memory Inc JAPAN Japan Computing and Electronics 465

225 256 POSCO SOUTH KOREA ROW Industrials 465

226 221 Navistar International Corp UNITED STATES North America Auto 464

227 206 Asahi Glass Co Ltd JAPAN Japan Industrials 450

228 226 Synopsys Inc UNITED STATES North America Software/Internet 449

229 190 Koninklijke DSM NV NETHERLANDS Europe Chemicals and Energy 448

230 219 Covidien PLC IRELAND Europe Health 447

231 204 Vodafone Group PLC BRITAIN Europe Telecom 447

232 232 Rohm Co Ltd JAPAN Japan Computing and Electronics 443

233 209 Akzo Nobel NV NETHERLANDS Europe Chemicals and Energy 443

234 238 Cephalon Inc UNITED STATES North America Health 440

235 253 Shin-Etsu Chemical Co Ltd JAPAN Japan Chemicals and Energy 437

236 229 Kawasaki Heavy Industries Ltd JAPAN Japan Industrials 434

237 243 Ajinomoto Co Inc JAPAN Japan Consumer 432

238 230 Becton Dickinson and Co UNITED STATES North America Health 431

239 237 Baker Hughes Inc UNITED STATES North America Chemicals and Energy 429

240 225 Dassault Systemes SA FRANCE Europe Software/Internet 427

241 239 Eaton Corp UNITED STATES North America Industrials 425

242 248 Brother Industries Ltd JAPAN Japan Computing and Electronics 424

243 228 Mitsui Chemicals Inc JAPAN Japan Chemicals and Energy 424

244 244 SanDisk Corp UNITED STATES North America Computing and Electronics 423

245 254 Cummins Inc UNITED STATES North America Industrials 414

246 326 HTC Corp TAIWAN ROW Computing and Electronics 411

247 246 McKesson Corp UNITED STATES North America Health 407

248 241 PPG Industries Inc UNITED STATES North America Chemicals and Energy 394

249 266 Stryker Corp UNITED STATES North America Health 394

250 251 Xilinx Inc UNITED STATES North America Computing and Electronics 392

251 240 JFE Holdings Inc JAPAN Japan Industrials 392

252 268 Philip Morris International Inc UNITED STATES North America Consumer 391

253 270 KDDI Corp JAPAN Japan Telecom 389

254 252 Dai Nippon Printing Co Ltd JAPAN Japan Industrials 388

255 281 Dongfeng Motor Group Co Ltd CHINA India/China Auto 387

256 242 Pioneer Corp JAPAN Japan Computing and Electronics 387

257 220 Accenture PLC IRELAND Europe Computing and Electronics 384

258 317 Fuji Electric Co Ltd JAPAN Japan Industrials 381

259 245 A-Power Energy Generation Systems LtdCHINA India/China Industrials 381

260 277 Toyota Boshoku Corp JAPAN Japan Auto 380

261 260 Cadence Design Systems Inc UNITED STATES North America Software/Internet 376

262 271 Life Technologies Corp UNITED STATES North America Health 375

263 291 JTEKT Corp JAPAN Japan Auto 374

264 247 Lexmark International Inc UNITED STATES North America Computing and Electronics 369

265 255 Teijin Ltd JAPAN Japan Consumer 369

266 275 Halliburton Co UNITED STATES North America Chemicals and Energy 366

267 279 Expedia Inc UNITED STATES North America Software/Internet 362

268 278 Autoliv Inc SWEDEN Europe Auto 361

269 331 CSR Corp Ltd CHINA India/China Industrials 361

270 283 Daikin Industries Ltd JAPAN Japan Industrials 360

5

Page 6: 2011 Booz & Company Global Innovation 1000 …€¦2011 Booz & Company Global Innovation 1000 Company Listing NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY 24 …

2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

271 259 Brocade Communications Systems Inc UNITED STATES North America Computing and Electronics 354

272 274 Visteon Corp/New UNITED STATES North America Auto 353

273 369 KT Corp SOUTH KOREA ROW Telecom 352

274 282 Kobe Steel Ltd JAPAN Japan Industrials 349

275 216 Sega Sammy Holdings Inc JAPAN Japan Other 347

276 343 Samsung Electro-Mechanics Co Ltd SOUTH KOREA ROW Computing and Electronics 345

277 303 IHI Corp JAPAN Japan Industrials 342

278 265 Goodyear Tire & Rubber Co/The UNITED STATES North America Auto 342

279 280 Yokogawa Electric Corp JAPAN Japan Computing and Electronics 341

280 273 Statoil ASA NORWAY Europe Chemicals and Energy 339

281 267 JVC Kenwood Holdings Inc JAPAN Japan Computing and Electronics 336

282 250 KLA-Tencor Corp UNITED STATES North America Computing and Electronics 330

283 289 Alps Electric Co Ltd JAPAN Japan Computing and Electronics 329

284 395 Ciena Corp UNITED STATES North America Computing and Electronics 328

285 312 Nidec Corp JAPAN Japan Computing and Electronics 327

286 297 Citrix Systems Inc UNITED STATES North America Software/Internet 327

287 336 Harris Corp UNITED STATES North America Computing and Electronics 326

288 292 Toyota Industries Corp JAPAN Japan Auto 325

289 337 Mitsubishi Motors Corp JAPAN Japan Auto 324

290 269 Fresenius SE & Co KGaA GERMANY Europe Health 324

291 287 Givaudan SA SWITZERLAND Europe Chemicals and Energy 323

292 272 Harman International Industries Inc UNITED STATES North America Computing and Electronics 323

293 327 ArcelorMittal LUXEMBOURG ROW Industrials 322

294 257 Eastman Kodak Co UNITED STATES North America Industrials 321

295 294 Lam Research Corp UNITED STATES North America Computing and Electronics 321

296 983 Teledyne Technologies Inc UNITED STATES North America Aerospace and Defense 320

297 288 Kimberly-Clark Corp UNITED STATES North America Consumer 317

298 263 Parker Hannifin Corp UNITED STATES North America Industrials 316

299 328 Wistron Corp TAIWAN ROW Computing and Electronics 314

300 309 Compal Electronics Inc TAIWAN ROW Computing and Electronics 313

301 334 SK Telecom Co Ltd SOUTH KOREA ROW Telecom 312

302 261 SK Holdings Co Ltd SOUTH KOREA ROW Chemicals and Energy 310

303 296 Meda AB SWEDEN Europe Health 309

304 264 Dassault Aviation SA FRANCE Europe Aerospace and Defense 309

305 684 China Railway Group Ltd CHINA India/China Industrials 309

306 356 Lenovo Group Ltd CHINA India/China Computing and Electronics 303

307 338 Hospira Inc UNITED STATES North America Health 301

308 311 Tellabs Inc UNITED STATES North America Computing and Electronics 300

309 258 SK C&C Co Ltd SOUTH KOREA ROW Computing and Electronics 299

310 298 Toyoda Gosei Co Ltd JAPAN Japan Auto 298

311 382 Watson Pharmaceuticals Inc UNITED STATES North America Health 296

312 284 GDF Suez FRANCE Europe Other 295

313 302 Ipsen SA FRANCE Europe Health 293

314 293 ENI SpA ITALY Europe Chemicals and Energy 293

315 306 Kubota Corp JAPAN Japan Industrials 293

316 315 Sandvik AB SWEDEN Europe Industrials 293

317 470 JX Holdings Inc JAPAN Japan Chemicals and Energy 291

318 321 Sekisui Chemical Co Ltd JAPAN Japan Industrials 289

319 320 Quanta Computer Inc TAIWAN ROW Computing and Electronics 289

320 870 Chimei Innolux Corp TAIWAN ROW Computing and Electronics 288

321 330 Thermo Fisher Scientific Inc UNITED STATES North America Industrials 287

322 324 Mentor Graphics Corp UNITED STATES North America Software/Internet 285

323 300 Rheinmetall AG GERMANY Europe Industrials 284

324 374 Delta Electronics Inc TAIWAN ROW Industrials 283

6

Page 7: 2011 Booz & Company Global Innovation 1000 …€¦2011 Booz & Company Global Innovation 1000 Company Listing NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY 24 …

2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

325 301 Mylan Inc/PA UNITED STATES North America Health 282

326 332 Avago Technologies Ltd SINGAPORE ROW Computing and Electronics 280

327 346 CSL Ltd AUSTRALIA ROW Health 279

328 305 National Semiconductor Corp UNITED STATES North America Computing and Electronics 279

329 335 United Microelectronics Corp TAIWAN ROW Computing and Electronics 278

330 210 Korea Electric Power Corp SOUTH KOREA ROW Other 278

331 304 Central Japan Railway Co JAPAN Japan Other 278

332 318 Electrolux AB SWEDEN Europe Industrials 277

333 295 Danone FRANCE Europe Consumer 277

334 342 Garmin Ltd SWITZERLAND Europe Computing and Electronics 277

335 285 Taisho Pharmaceutical Co Ltd JAPAN Japan Health 277

336 316 Toppan Printing Co Ltd JAPAN Japan Industrials 274

337 333 MEIJI Holdings Co Ltd JAPAN Japan Consumer 274

338 307 Cerner Corp UNITED STATES North America Software/Internet 273

339 313 Beckman Coulter Inc UNITED STATES North America Health 269

340 214 Asustek Computer Inc TAIWAN ROW Computing and Electronics 268

341 329 Sumitomo Metal Industries Ltd JAPAN Japan Industrials 267

342 290 Portugal Telecom SGPS SA PORTUGAL ROW Telecom 265

343 358 Metallurgical Corp of China Ltd CHINA India/China Industrials 265

344 524 China CNR Corp Ltd CHINA India/China Industrials 265

345 319 Altera Corp UNITED STATES North America Computing and Electronics 265

346 345 Yamaha Corp JAPAN Japan Other 262

347 137 Porsche Automobil Holding SE GERMANY Europe Auto 261

348 - Pegatron Corp TAIWAN ROW Computing and Electronics 260

349 102 ThyssenKrupp AG GERMANY Europe Industrials 259

350 286 Elan Corp PLC IRELAND Europe Health 259

351 350 Nitto Denko Corp JAPAN Japan Chemicals and Energy 257

352 310 Colgate-Palmolive Co UNITED STATES North America Consumer 256

353 1514 Christian Hansen Holding A/S DENMARK Europe Consumer 255

354 341 Saab AB SWEDEN Europe Aerospace and Defense 253

355 - Comverse Technology Inc UNITED STATES North America Computing and Electronics 253

356 322 ITT Corp UNITED STATES North America Industrials 253

357 456 Hyundai Mobis SOUTH KOREA ROW Auto 250

358 427 Tencent Holdings Ltd CHINA India/China Software/Internet 249

359 391 Advantest Corp JAPAN Japan Computing and Electronics 248

360 378 ON Semiconductor Corp UNITED STATES North America Computing and Electronics 248

361 377 Tognum AG GERMANY Europe Industrials 248

362 308 Sage Group PLC/The BRITAIN Europe Software/Internet 248

363 340 Goodrich Corp UNITED STATES North America Aerospace and Defense 247

364 314 Legrand SA FRANCE Europe Computing and Electronics 246

365 348 Calsonic Kansei Corp JAPAN Japan Auto 246

366 323 Ingersoll-Rand PLC IRELAND Europe Industrials 244

367 349 Novozymes A/S DENMARK Europe Health 242

368 376 PACCAR Inc UNITED STATES North America Auto 239

369 399 Terumo Corp JAPAN Japan Health 238

370 360 Atmel Corp UNITED STATES North America Computing and Electronics 237

371 352 Showa Denko KK JAPAN Japan Chemicals and Energy 236

372 354 General Mills Inc UNITED STATES North America Consumer 235

373 355 Elbit Systems Ltd ISRAEL ROW Aerospace and Defense 234

374 325 China Communications Construction Co LtdCHINA India/China Industrials 233

375 351 Air Liquide SA FRANCE Europe Chemicals and Energy 231

376 396 ConocoPhillips UNITED STATES North America Chemicals and Energy 230

377 353 Kudelski SA SWITZERLAND Europe Computing and Electronics 229

378 446 Shanghai Electric Group Co Ltd CHINA India/China Industrials 229

7

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2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

379 568 Hexagon AB SWEDEN Europe Industrials 229

380 359 Lubrizol Corp UNITED STATES North America Chemicals and Energy 226

381 363 Kansai Electric Power Co Inc/The JAPAN Japan Other 222

382 379 Illinois Tool Works Inc UNITED STATES North America Industrials 220

383 406 OC Oerlikon Corp AG SWITZERLAND Europe Industrials 220

384 372 Zimmer Holdings Inc UNITED STATES North America Health 220

385 393 AGCO Corp UNITED STATES North America Industrials 220

386 347 Wacker Chemie AG GERMANY Europe Chemicals and Energy 219

387 389 International Flavors & Fragrances Inc UNITED STATES North America Chemicals and Energy 219

388 422 ARM Holdings PLC BRITAIN Europe Computing and Electronics 216

389 527 Newmont Mining Corp UNITED STATES North America Industrials 216

390 388 TomTom NV NETHERLANDS Europe Software/Internet 215

391 387 Weatherford International Ltd SWITZERLAND Europe Chemicals and Energy 214

392 407 Furukawa Electric Co Ltd JAPAN Japan Industrials 214

393 421 Kaneka Corp JAPAN Japan Chemicals and Energy 214

394 392 Sumitomo Rubber Industries Ltd JAPAN Japan Auto 214

395 628 Tata Motors Ltd INDIA India/China Auto 211

396 409 Atlas Copco AB SWEDEN Europe Industrials 211

397 344 Exelixis Inc UNITED STATES North America Health 211

398 474 Tatung Co Ltd TAIWAN ROW Computing and Electronics 210

399 631 Nanya Technology Corp TAIWAN ROW Computing and Electronics 208

400 365 Amdocs Ltd GUERNSEY Europe Telecom 208

401 371 Kerry Group PLC IRELAND Europe Consumer 208

402 402 Byd Co Ltd CHINA India/China Auto 207

403 423 Edwards Lifesciences Corp UNITED STATES North America Health 204

404 403 AU Optronics Corp TAIWAN ROW Computing and Electronics 204

405 361 Lafarge SA FRANCE Europe Industrials 203

406 368 AGFA-Gevaert NV BELGIUM Europe Industrials 203

407 - Oranjewoud NV NETHERLANDS Europe Industrials 203

408 370 Onex Corp CANADA North America Other 202

409 367 Beiersdorf AG GERMANY Europe Consumer 202

410 400 Parametric Technology Corp UNITED STATES North America Software/Internet 202

411 413 Hasbro Inc UNITED STATES North America Consumer 201

412 404 Koito Manufacturing Co Ltd JAPAN Japan Auto 201

413 386 JSR Corp JAPAN Japan Chemicals and Energy 201

414 364 Cie Generale d'Optique Essilor International SAFRANCE Europe Health 200

415 362 International Game Technology UNITED STATES North America Other 200

416 464 CSR PLC BRITAIN Europe Computing and Electronics 200

417 394 Pirelli & C SpA ITALY Europe Auto 199

418 543 Vestas Wind Systems A/S DENMARK Europe Industrials 199

419 408 Linear Technology Corp UNITED STATES North America Computing and Electronics 199

420 433 Rockwell Automation Inc UNITED STATES North America Industrials 199

421 416 Tokai Rika Co Ltd JAPAN Japan Auto 199

422 375 BioMerieux FRANCE Europe Health 198

423 472 RWE AG GERMANY Europe Other 198

424 442 Teradyne Inc UNITED STATES North America Computing and Electronics 197

425 366 Draegerwerk AG & Co KGaA GERMANY Europe Health 197

426 430 Human Genome Sciences Inc UNITED STATES North America Health 196

427 357 Technicolor FRANCE Europe Computing and Electronics 196

428 609 Advanced Semiconductor Engineering IncTAIWAN ROW Computing and Electronics 196

429 417 Dover Corp UNITED STATES North America Industrials 194

430 381 Reckitt Benckiser Group PLC BRITAIN Europe Consumer 193

431 498 Doosan Heavy Industries and Construction Co LtdSOUTH KOREA ROW Industrials 193

432 503 Bombardier Inc CANADA North America Industrials 193

8

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2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

433 436 Almirall SA SPAIN Europe Health 192

434 418 East Japan Railway Co JAPAN Japan Other 192

435 401 Hoya Corp JAPAN Japan Computing and Electronics 192

436 426 Mitsubishi Gas Chemical Co Inc JAPAN Japan Chemicals and Energy 192

437 384 Alpine Electronics Inc JAPAN Japan Computing and Electronics 190

438 429 Namco Bandai Holdings Inc JAPAN Japan Consumer 188

439 475 Takata Corp JAPAN Japan Auto 188

440 535 Salesforce.com Inc UNITED STATES North America Software/Internet 188

441 479 PMC - Sierra Inc UNITED STATES North America Computing and Electronics 187

442 373 Samsung SDI Co Ltd SOUTH KOREA ROW Computing and Electronics 187

443 383 Wartsila OYJ FINLAND Europe Industrials 187

444 390 Rio Tinto PLC BRITAIN Europe Industrials 187

445 415 Kellogg Co UNITED STATES North America Consumer 187

446 542 Onyx Pharmaceuticals Inc UNITED STATES North America Health 186

447 443 CR Bard Inc UNITED STATES North America Health 185

448 465 BorgWarner Inc UNITED STATES North America Auto 185

449 441 Kuraray Co Ltd JAPAN Japan Consumer 185

450 397 Arkema SA FRANCE Europe Chemicals and Energy 184

451 455 Anheuser-Busch InBev NV BELGIUM Europe Consumer 184

452 492 Intersil Corp UNITED STATES North America Computing and Electronics 183

453 500 TOTO Ltd JAPAN Japan Industrials 183

454 445 FANUC CORP JAPAN Japan Industrials 182

455 786 British American Tobacco PLC BRITAIN Europe Consumer 181

456 136 Solvay SA BELGIUM Europe Chemicals and Energy 180

457 484 Sankyo Co Ltd JAPAN Japan Other 180

458 1689 Doosan Corp SOUTH KOREA ROW Industrials 180

459 398 Umicore SA BELGIUM Europe Industrials 179

460 508 Illumina Inc UNITED STATES North America Health 178

461 459 Integrated Device Technology Inc UNITED STATES North America Computing and Electronics 178

462 414 Cypress Semiconductor Corp UNITED STATES North America Computing and Electronics 177

463 385 BMC Software Inc UNITED STATES North America Software/Internet 177

464 476 Keihin Corp JAPAN Japan Auto 176

465 448 Inventec Co Ltd TAIWAN ROW Computing and Electronics 175

466 434 JDS Uniphase Corp UNITED STATES North America Computing and Electronics 175

467 1071 Trident Microsystems Inc UNITED STATES North America Software/Internet 175

468 447 Semiconductor Manufacturing International CorpCHINA India/China Computing and Electronics 175

469 488 Novellus Systems Inc UNITED STATES North America Computing and Electronics 175

470 435 Alcoa Inc UNITED STATES North America Industrials 174

471 501 Saudi Basic Industries Corp SAUDI ARABIA ROW Chemicals and Energy 174

472 405 Mattel Inc UNITED STATES North America Consumer 174

473 425 Idemitsu Kosan Co Ltd JAPAN Japan Chemicals and Energy 174

474 437 Synthes Inc UNITED STATES North America Health 172

475 444 Bio-Rad Laboratories Inc UNITED STATES North America Health 172

476 410 Amylin Pharmaceuticals Inc UNITED STATES North America Health 171

477 482 Red Hat Inc UNITED STATES North America Software/Internet 171

478 487 MTU Aero Engines Holding AG GERMANY Europe Aerospace and Defense 171

479 563 Microchip Technology Inc UNITED STATES North America Computing and Electronics 171

480 520 Ibiden Co Ltd JAPAN Japan Computing and Electronics 170

481 463 Shiseido Co Ltd JAPAN Japan Consumer 169

482 1089 Bharat Heavy Electricals Ltd INDIA India/China Industrials 167

483 557 United Therapeutics Corp UNITED STATES North America Health 167

484 451 SKF AB SWEDEN Europe Industrials 165

485 614 Chunghwa Picture Tubes TAIWAN ROW Computing and Electronics 165

486 483 Pou Chen Corp TAIWAN ROW Consumer 164

9

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2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

487 597 Netflix Inc UNITED STATES North America Software/Internet 163

488 452 Toyo Seikan Kaisha Ltd JAPAN Japan Industrials 163

489 494 Fujikura Ltd JAPAN Japan Industrials 163

490 504 NCR Corp UNITED STATES North America Computing and Electronics 162

491 499 SMC Corp/Japan JAPAN Japan Industrials 161

492 458 Oki Electric Industry Co Ltd JAPAN Japan Computing and Electronics 161

493 509 Ube Industries Ltd/Japan JAPAN Japan Chemicals and Energy 161

494 454 JS Group Corp JAPAN Japan Industrials 160

495 602 Hisamitsu Pharmaceutical Co Inc JAPAN Japan Health 160

496 431 Heidelberger Druckmaschinen AG GERMANY Europe Industrials 160

497 440 CareFusion Corp UNITED STATES North America Health 159

498 532 National Instruments Corp UNITED STATES North America Computing and Electronics 158

499 - Hebei Iron & Steel Co Ltd CHINA India/China Industrials 158

500 432 Cubist Pharmaceuticals Inc UNITED STATES North America Health 158

501 480 Tosoh Corp JAPAN Japan Chemicals and Energy 157

502 486 Varian Medical Systems Inc UNITED STATES North America Health 157

503 466 Mitsumi Electric Co Ltd JAPAN Japan Computing and Electronics 157

504 525 Logitech International SA SWITZERLAND Europe Computing and Electronics 156

505 411 Pitney Bowes Inc UNITED STATES North America Computing and Electronics 156

506 478 Chubu Electric Power Co Inc JAPAN Japan Other 156

507 510 Federal-Mogul Corp UNITED STATES North America Auto 156

508 477 Santen Pharmaceutical Co Ltd JAPAN Japan Health 155

509 453 Molex Inc UNITED STATES North America Computing and Electronics 154

510 - LyondellBasell Industries NV NETHERLANDS Europe Chemicals and Energy 154

511 507 Lanxess AG GERMANY Europe Chemicals and Energy 154

512 571 Nuance Communications Inc UNITED STATES North America Software/Internet 152

513 517 Eastman Chemical Co UNITED STATES North America Chemicals and Energy 152

514 495 Quest Software Inc UNITED STATES North America Software/Internet 152

515 491 Funai Electric Co Ltd JAPAN Japan Computing and Electronics 152

516 590 Hyundai Heavy Industries Co Ltd SOUTH KOREA ROW Industrials 152

517 468 Smith & Nephew PLC BRITAIN Europe Health 151

518 493 Huntsman Corp UNITED STATES North America Chemicals and Energy 151

519 521 Trimble Navigation Ltd UNITED STATES North America Computing and Electronics 150

520 - MStar Semiconductor Inc TAIWAN ROW Computing and Electronics 150

521 502 Cooper Industries PLC UNITED STATES North America Industrials 150

522 496 Yokohama Rubber Co Ltd/The JAPAN Japan Auto 149

523 580 Polycom Inc UNITED STATES North America Computing and Electronics 149

524 506 Nissan Chemical Industries Ltd JAPAN Japan Chemicals and Energy 148

525 473 Invensys PLC BRITAIN Europe Industrials 148

526 592 BioMarin Pharmaceutical Inc UNITED STATES North America Health 147

527 449 Metso OYJ FINLAND Europe Industrials 147

528 582 Teradata Corp UNITED STATES North America Computing and Electronics 147

529 813 Warner Chilcott PLC IRELAND Europe Health 147

530 573 Seattle Genetics Inc UNITED STATES North America Health 146

531 546 KYORIN Holdings Inc JAPAN Japan Health 146

532 428 Bouygues SA FRANCE Europe Industrials 146

533 526 Sumitomo Bakelite Co Ltd JAPAN Japan Chemicals and Energy 146

534 516 Swatch Group AG/The SWITZERLAND Europe Consumer 145

535 528 Isis Pharmaceuticals Inc UNITED STATES North America Health 145

536 559 Sysmex Corp JAPAN Japan Health 145

537 551 Lite-On Technology Corp TAIWAN ROW Computing and Electronics 145

538 697 Dongfang Electric Corp Ltd CHINA India/China Industrials 144

539 471 Voestalpine AG AUSTRIA Europe Industrials 144

540 420 Altria Group Inc UNITED STATES North America Consumer 144

10

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2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

541 544 Symrise AG GERMANY Europe Chemicals and Energy 143

542 588 Johnson Matthey PLC BRITAIN Europe Chemicals and Energy 142

543 539 GKN PLC BRITAIN Europe Auto 142

544 548 Dainippon Screen Manufacturing Co Ltd JAPAN Japan Computing and Electronics 142

545 547 Bruker Corp UNITED STATES North America Health 141

546 560 Assa Abloy AB SWEDEN Europe Industrials 141

547 512 RF Micro Devices Inc UNITED STATES North America Computing and Electronics 141

548 584 Kissei Pharmaceutical Co Ltd JAPAN Japan Health 141

549 550 Arris Group Inc UNITED STATES North America Computing and Electronics 140

550 556 Itron Inc UNITED STATES North America Computing and Electronics 140

551 558 Daicel Chemical Industries Ltd JAPAN Japan Chemicals and Energy 140

552 - LG Innotek Co Ltd SOUTH KOREA ROW Computing and Electronics 140

553 523 Gemalto NV NETHERLANDS Europe Computing and Electronics 139

554 519 QLogic Corp UNITED STATES North America Computing and Electronics 138

555 511 Wincor Nixdorf AG GERMANY Europe Computing and Electronics 137

556 593 Vilmorin & Cie FRANCE Europe Consumer 137

557 625 Galenica AG SWITZERLAND Europe Health 137

558 639 Mochida Pharmaceutical Co Ltd JAPAN Japan Health 136

559 572 Sanken Electric Co Ltd JAPAN Japan Computing and Electronics 136

560 497 Harley-Davidson Inc UNITED STATES North America Auto 136

561 688 Nisshinbo Holdings Inc JAPAN Japan Consumer 136

562 555 KWS Saat AG GERMANY Europe Consumer 136

563 567 Adidas AG GERMANY Europe Consumer 135

564 490 Deutz AG GERMANY Europe Industrials 135

565 632 Yakult Honsha Co Ltd JAPAN Japan Consumer 134

566 481 DST Systems Inc UNITED STATES North America Computing and Electronics 134

567 545 Tokuyama Corp JAPAN Japan Chemicals and Energy 134

568 553 Skyworks Solutions Inc UNITED STATES North America Computing and Electronics 134

569 530 Nippon Kayaku Co Ltd JAPAN Japan Chemicals and Energy 133

570 619 Alere Inc UNITED STATES North America Health 133

571 299 Deutsche Telekom AG GERMANY Europe Telecom 133

572 467 TRW Automotive Holdings Corp UNITED STATES North America Auto 132

573 574 Dana Holding Corp UNITED STATES North America Auto 132

574 587 Nippon Shokubai Co Ltd JAPAN Japan Chemicals and Energy 132

575 581 Mitsubishi Materials Corp JAPAN Japan Industrials 132

576 2019 Stanley Black & Decker Inc UNITED STATES North America Industrials 131

577 926 Weichai Power Co Ltd CHINA India/China Auto 131

578 798 Samsung Techwin Co Ltd SOUTH KOREA ROW Computing and Electronics 131

579 589 Yue Yuen Industrial Holdings Ltd HONG KONG India/China Consumer 131

580 577 Tyco International Ltd SWITZERLAND Europe Industrials 131

581 578 Richter Gedeon Nyrt HUNGARY Europe Health 131

582 513 Clariant AG SWITZERLAND Europe Chemicals and Energy 130

583 586 Open Text Corp CANADA North America Software/Internet 129

584 608 TriQuint Semiconductor Inc UNITED STATES North America Computing and Electronics 129

585 531 DIC Corp JAPAN Japan Chemicals and Energy 129

586 575 Newell Rubbermaid Inc UNITED STATES North America Consumer 129

587 594 Osaka Gas Co Ltd JAPAN Japan Chemicals and Energy 128

588 843 Netlogic Microsystems Inc UNITED STATES North America Computing and Electronics 128

589 565 Realtek Semiconductor Corp TAIWAN ROW Computing and Electronics 127

590 540 Emulex Corp UNITED STATES North America Computing and Electronics 127

591 615 QIAGEN NV NETHERLANDS Europe Health 126

592 537 Nippon Sheet Glass Co Ltd JAPAN Japan Industrials 125

593 600 Kyushu Electric Power Co Inc JAPAN Japan Other 125

594 552 Linde AG GERMANY Europe Chemicals and Energy 125

11

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2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

595 611 TIBCO Software Inc UNITED STATES North America Software/Internet 125

596 753 LS Corp SOUTH KOREA ROW Other 125

597 529 OneSteel Ltd AUSTRALIA ROW Industrials 124

598 603 Toyobo Co Ltd JAPAN Japan Consumer 124

599 570 Incyte Corp Ltd UNITED STATES North America Health 124

600 629 Silicon Laboratories Inc UNITED STATES North America Computing and Electronics 124

601 689 NSK Ltd JAPAN Japan Industrials 123

602 598 Campbell Soup Co UNITED STATES North America Consumer 123

603 672 Winbond Electronics Corp TAIWAN ROW Computing and Electronics 123

604 538 Salzgitter AG GERMANY Europe Industrials 123

605 607 Orbital Sciences Corp UNITED STATES North America Aerospace and Defense 122

606 595 Software AG GERMANY Europe Software/Internet 122

607 790 CNOOC Ltd CHINA India/China Chemicals and Energy 122

608 554 Krka dd Novo mesto SLOVENIA Europe Health 121

609 712 Hanjin Heavy Industries & Construction Holdings Co LtdSOUTH KOREA ROW Industrials 121

610 637 Topcon Corp JAPAN Japan Health 120

611 561 Avid Technology Inc UNITED STATES North America Software/Internet 120

612 653 Fairchild Semiconductor International IncUNITED STATES North America Computing and Electronics 120

613 613 Endo Pharmaceuticals Holdings Inc UNITED STATES North America Health 120

614 638 Sasol Ltd SOUTH AFRICA ROW Chemicals and Energy 120

615 591 NGK Insulators Ltd JAPAN Japan Computing and Electronics 120

616 617 Pace PLC BRITAIN Europe Computing and Electronics 120

617 599 Clorox Co UNITED STATES North America Consumer 119

618 668 Infinera Corp UNITED STATES North America Computing and Electronics 119

619 1297 Great Wall Technology Co Ltd CHINA India/China Computing and Electronics 118

620 635 F5 Networks Inc UNITED STATES North America Software/Internet 118

621 640 Krones AG GERMANY Europe Industrials 118

622 690 Finisar Corp UNITED STATES North America Computing and Electronics 117

623 643 Kongsberg Gruppen AS NORWAY Europe Aerospace and Defense 117

624 700 Infosys Ltd INDIA India/China Computing and Electronics 117

625 671 Tenneco Inc UNITED STATES North America Auto 117

626 541 Acciona SA SPAIN Europe Industrials 117

627 708 FLIR Systems Inc UNITED STATES North America Computing and Electronics 116

628 687 Intuitive Surgical Inc UNITED STATES North America Health 116

629 654 Tokyo Gas Co Ltd JAPAN Japan Chemicals and Energy 116

630 549 Veolia Environnement SA FRANCE Europe Other 116

631 601 Zoran Corp UNITED STATES North America Computing and Electronics 116

632 725 Shimano Inc JAPAN Japan Consumer 116

633 - China Greatwall Computer Shenzhen Co LtdCHINA India/China Computing and Electronics 115

634 583 Misys PLC BRITAIN Europe Software/Internet 115

635 634 Denki Kagaku Kogyo KK JAPAN Japan Chemicals and Energy 115

636 754 Hanjin Heavy Industries & Construction Co LtdSOUTH KOREA ROW Industrials 115

637 660 Autonomy Corp PLC BRITAIN Europe Software/Internet 115

638 585 Air Products & Chemicals Inc UNITED STATES North America Chemicals and Energy 115

639 636 NHK Spring Co Ltd JAPAN Japan Auto 115

640 734 Heiwa Corp JAPAN Japan Other 114

641 761 Disco Corp JAPAN Japan Industrials 114

642 514 Cobham PLC BRITAIN Europe Aerospace and Defense 114

643 706 Yaskawa Electric Corp JAPAN Japan Computing and Electronics 114

644 612 Kajima Corp JAPAN Japan Industrials 114

645 533 Orion OYJ FINLAND Europe Health 113

646 626 Qisda Corp TAIWAN ROW Computing and Electronics 113

647 642 BE Aerospace Inc UNITED STATES North America Aerospace and Defense 113

648 800 Dr Reddy's Laboratories Ltd INDIA India/China Health 113

12

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2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

649 633 TS Tech Co Ltd JAPAN Japan Auto 113

650 762 Galapagos NV BELGIUM Europe Health 112

651 461 MannKind Corp UNITED STATES North America Health 112

652 669 Novatek Microelectronics Corp TAIWAN ROW Computing and Electronics 112

653 - Shanxi Lu'an Environmental Energy Development Co LtdCHINA India/China Chemicals and Energy 112

654 - Pacific Biosciences of California Inc UNITED STATES North America Health 112

655 624 Ingenico FRANCE Europe Computing and Electronics 112

656 676 Zeon Corp JAPAN Japan Chemicals and Energy 112

657 534 TeliaSonera AB SWEDEN Europe Telecom 111

658 622 Gen-Probe Inc UNITED STATES North America Health 111

659 576 USEC Inc UNITED STATES North America Industrials 110

660 646 Anritsu Corp JAPAN Japan Computing and Electronics 110

661 616 William Demant Holding A/S DENMARK Europe Health 110

662 739 NCSoft Corp SOUTH KOREA ROW Software/Internet 109

663 845 Oshkosh Corp UNITED STATES North America Auto 109

664 623 Smiths Group PLC BRITAIN Europe Industrials 109

665 645 Rhodia SA FRANCE Europe Chemicals and Energy 109

666 1220 Koninklijke KPN NV NETHERLANDS Europe Telecom 109

667 735 Applied Micro Circuits Corp UNITED STATES North America Computing and Electronics 109

668 1116 Hirose Electric Co Ltd JAPAN Japan Computing and Electronics 108

669 627 Horiba Ltd JAPAN Japan Industrials 108

670 859 Cheil Industries Inc SOUTH KOREA ROW Industrials 108

671 675 Tohoku Electric Power Co Inc JAPAN Japan Other 108

672 686 Nektar Therapeutics UNITED STATES North America Health 108

673 720 Samsung Heavy Industries Co Ltd SOUTH KOREA ROW Industrials 108

674 651 Asahi Breweries Ltd JAPAN Japan Consumer 107

675 773 Sonova Holding AG SWITZERLAND Europe Health 107

676 649 Hamamatsu Photonics KK JAPAN Japan Industrials 107

677 610 Alnylam Pharmaceuticals Inc UNITED STATES North America Health 106

678 680 OJI Paper Co Ltd JAPAN Japan Industrials 106

679 969 Baidu Inc/China CHINA India/China Software/Internet 106

680 793 Informatica Corp UNITED STATES North America Software/Internet 106

681 663 WMS Industries Inc UNITED STATES North America Other 106

682 604 Electronics for Imaging Inc UNITED STATES North America Computing and Electronics 106

683 722 Check Point Software Technologies Ltd ISRAEL ROW Software/Internet 106

684 783 TPV Technology Ltd HONG KONG India/China Computing and Electronics 105

685 - Hyosung Corp SOUTH KOREA ROW Consumer 105

686 562 Sunplus Technology Co Ltd TAIWAN ROW Computing and Electronics 105

687 731 Bekaert SA BELGIUM Europe Industrials 105

688 920 Dolby Laboratories Inc UNITED STATES North America Computing and Electronics 105

689 713 Nippon Shinyaku Co Ltd JAPAN Japan Health 105

690 647 Schindler Holding AG SWITZERLAND Europe Industrials 105

691 698 Yamatake Corp JAPAN Japan Computing and Electronics 105

692 738 ASM International NV NETHERLANDS Europe Computing and Electronics 105

693 693 Hologic Inc UNITED STATES North America Health 104

694 424 Genmab A/S DENMARK Europe Health 104

695 - Sany Heavy Industry Co Ltd CHINA India/China Industrials 103

696 679 Chunghwa Telecom Co Ltd TAIWAN ROW Telecom 103

697 - Mando Corp SOUTH KOREA ROW Auto 103

698 755 Macronix International TAIWAN ROW Computing and Electronics 103

699 977 Shanda Interactive Entertainment Ltd CHINA India/China Software/Internet 103

700 650 Moog Inc UNITED STATES North America Aerospace and Defense 103

701 764 Roper Industries Inc UNITED STATES North America Industrials 102

702 820 Lupin Ltd INDIA India/China Health 102

13

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2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

703 - Chongqing Changan Automobile Co Ltd CHINA India/China Auto 102

704 756 Zebra Technologies Corp UNITED STATES North America Industrials 102

705 789 CPFL Energia SA BRAZIL ROW Other 102

706 673 Lion Corp JAPAN Japan Consumer 102

707 692 Glory Ltd JAPAN Japan Industrials 102

708 736 Taisei Corp JAPAN Japan Industrials 101

709 721 Aristocrat Leisure Ltd AUSTRALIA ROW Other 101

710 569 RealNetworks Inc UNITED STATES North America Software/Internet 101

711 658 Leoni AG GERMANY Europe Industrials 101

712 699 FMC Corp UNITED STATES North America Chemicals and Energy 101

713 522 Spansion Inc UNITED STATES North America Computing and Electronics 100

714 707 Valspar Corp UNITED STATES North America Chemicals and Energy 100

715 745 Obayashi Corp JAPAN Japan Industrials 100

716 724 Toyo Tire & Rubber Co Ltd JAPAN Japan Auto 100

717 818 Keyence Corp JAPAN Japan Computing and Electronics 100

718 657 Stora Enso OYJ FINLAND Europe Industrials 99

719 664 International Rectifier Corp UNITED STATES North America Computing and Electronics 99

720 803 Infinity Pharmaceuticals Inc UNITED STATES North America Health 99

721 670 Svenska Cellulosa AB SWEDEN Europe Industrials 99

722 767 Taiyo Yuden Co Ltd JAPAN Japan Computing and Electronics 99

723 742 Intercell AG AUSTRIA Europe Health 99

724 774 Alexion Pharmaceuticals Inc UNITED STATES North America Health 98

725 667 Shimadzu Corp JAPAN Japan Health 98

726 785 Varian Semiconductor Equipment Associates IncUNITED STATES North America Computing and Electronics 98

727 752 Carl Zeiss Meditec AG GERMANY Europe Health 98

728 682 Alkermes Inc UNITED STATES North America Health 97

729 718 Energizer Holdings Inc UNITED STATES North America Consumer 97

730 808 NICE Systems Ltd ISRAEL ROW Computing and Electronics 97

731 723 Mettler-Toledo International Inc UNITED STATES North America Industrials 97

732 717 Suez Environnement Co FRANCE Europe Other 97

733 704 Citizen Holdings Co Ltd JAPAN Japan Consumer 97

734 - Under Armour Inc UNITED STATES North America Consumer 97

735 711 Spectris PLC BRITAIN Europe Computing and Electronics 96

736 805 Standard Microsystems Corp UNITED STATES North America Computing and Electronics 96

737 841 Serco Group PLC BRITAIN Europe Other 96

738 678 Sumitomo Heavy Industries Ltd JAPAN Japan Industrials 96

739 728 Takasago International Corp JAPAN Japan Chemicals and Energy 96

740 - Swedish Automobile NV NETHERLANDS Europe Auto 96

741 907 Harbin Power Equipment Co Ltd CHINA India/China Industrials 96

742 702 Verigy Ltd SINGAPORE ROW Computing and Electronics 96

743 772 Tokai Rubber Industries Ltd JAPAN Japan Industrials 96

744 691 Rovi Corp UNITED STATES North America Computing and Electronics 96

745 715 Avery Dennison Corp UNITED STATES North America Consumer 96

746 901 SMA Solar Technology AG GERMANY Europe Industrials 95

747 620 PerkinElmer Inc UNITED STATES North America Industrials 95

748 695 Powerchip Technology Corp TAIWAN ROW Computing and Electronics 95

749 685 Lonza Group AG SWITZERLAND Europe Chemicals and Energy 95

750 796 First Solar Inc UNITED STATES North America Chemicals and Energy 95

751 729 Nexans SA FRANCE Europe Industrials 94

752 - SK Innovation Co Ltd SOUTH KOREA ROW Chemicals and Energy 94

753 746 Kone OYJ FINLAND Europe Industrials 94

754 460 Affymax Inc UNITED STATES North America Health 94

755 1986 Tesla Motors Inc UNITED STATES North America Auto 93

756 677 Barco NV BELGIUM Europe Computing and Electronics 93

14

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2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

757 915 Rambus Inc UNITED STATES North America Computing and Electronics 93

758 869 Xyratex Ltd BRITAIN Europe Computing and Electronics 93

759 457 NTN Corp JAPAN Japan Industrials 92

760 716 Minebea Co Ltd JAPAN Japan Computing and Electronics 92

761 648 Tekelec UNITED STATES North America Computing and Electronics 92

762 730 Brunswick Corp/DE UNITED STATES North America Other 92

763 485 Casio Computer Co Ltd JAPAN Japan Computing and Electronics 92

764 816 Samsung C&T Corp SOUTH KOREA ROW Consumer 91

765 674 Recordati SpA ITALY Europe Health 91

766 748 NewMarket Corp UNITED STATES North America Chemicals and Energy 91

767 770 Fujitsu General Ltd JAPAN Japan Computing and Electronics 91

768 696 Progress Software Corp UNITED STATES North America Software/Internet 91

769 - Vallourec SA FRANCE Europe Industrials 90

770 710 Rieter Holding AG SWITZERLAND Europe Industrials 90

771 709 Compuware Corp UNITED STATES North America Software/Internet 90

772 765 ADTRAN Inc UNITED STATES North America Computing and Electronics 90

773 719 Lawson Software Inc UNITED STATES North America Software/Internet 90

774 701 Kinetic Concepts Inc UNITED STATES North America Health 90

775 605 Norsk Hydro ASA NORWAY Europe Industrials 90

776 888 HeidelbergCement AG GERMANY Europe Industrials 90

777 802 Hankook Tire Co Ltd SOUTH KOREA ROW Auto 89

778 832 Emergent Biosolutions Inc UNITED STATES North America Health 89

779 928 Cymer Inc UNITED STATES North America Computing and Electronics 89

780 705 Husqvarna AB SWEDEN Europe Consumer 89

781 787 ANSYS Inc UNITED STATES North America Software/Internet 89

782 965 Temenos Group AG SWITZERLAND Europe Software/Internet 89

783 771 Sorin SpA ITALY Europe Health 89

784 810 Omnivision Technologies Inc UNITED STATES North America Computing and Electronics 89

785 781 Sierra Wireless Inc CANADA North America Computing and Electronics 88

786 751 Ecolab Inc UNITED STATES North America Chemicals and Energy 88

787 779 Sealed Air Corp UNITED STATES North America Industrials 88

788 740 Mitac International Corp TAIWAN ROW Computing and Electronics 88

789 760 Ulvac Inc JAPAN Japan Industrials 87

790 - Elster Group SE GERMANY Europe Industrials 87

791 784 GameLoft SA FRANCE Europe Software/Internet 87

792 892 Riverbed Technology Inc UNITED STATES North America Computing and Electronics 87

793 750 Alfa Laval AB SWEDEN Europe Industrials 87

794 769 Shimizu Corp JAPAN Japan Industrials 87

795 842 Meidensha Corp JAPAN Japan Industrials 87

796 621 Georg Fischer AG SWITZERLAND Europe Auto 87

797 903 Synaptics Inc UNITED STATES North America Computing and Electronics 87

798 1279 AVEO Pharmaceuticals Inc UNITED STATES North America Consumer 86

799 952 Impax Laboratories Inc UNITED STATES North America Health 86

800 972 Burelle SA FRANCE Europe Auto 86

801 681 Ashland Inc UNITED STATES North America Chemicals and Energy 86

802 823 WABCO Holdings Inc UNITED STATES North America Auto 86

803 795 ADEKA Corp JAPAN Japan Chemicals and Energy 86

804 1039 Alibaba.com Ltd CHINA India/China Software/Internet 86

805 1088 Mahindra & Mahindra Ltd INDIA India/China Auto 86

806 838 Aisan Industry Co Ltd JAPAN Japan Auto 86

807 993 Totvs SA BRAZIL ROW Software/Internet 85

808 579 Medicines Co/The UNITED STATES North America Health 85

809 846 Makita Corp JAPAN Japan Industrials 85

810 959 Polaris Industries Inc UNITED STATES North America Auto 85

15

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2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

811 659 Telecom Italia SpA ITALY Europe Telecom 85

812 930 Constellation Software Inc/Canada CANADA North America Software/Internet 85

813 780 Puma AG Rudolf Dassler Sport GERMANY Europe Consumer 84

814 812 Waters Corp UNITED STATES North America Industrials 84

815 815 Toyo Ink SC Holdings Co Ltd JAPAN Japan Chemicals and Energy 84

816 882 Coretronic Corp TAIWAN ROW Computing and Electronics 84

817 852 Japan Aviation Electronics Industry Ltd JAPAN Japan Computing and Electronics 84

818 854 Cochlear Ltd AUSTRALIA ROW Health 84

819 - Magnachip Semiconductor Corp LUXEMBOURG ROW Computing and Electronics 84

820 - Doosan Infracore Co Ltd SOUTH KOREA ROW Industrials 83

821 - Sansteel Minguang Co Ltd Fujian CHINA India/China Industrials 83

822 791 Woodward Inc UNITED STATES North America Industrials 83

823 801 Perrigo Co UNITED STATES North America Health 83

824 916 American Axle & Manufacturing Holdings IncUNITED STATES North America Auto 83

825 853 BioCryst Pharmaceuticals Inc UNITED STATES North America Health 82

826 889 Suzuken Co Ltd JAPAN Japan Health 82

827 766 Nippon Paint Co Ltd JAPAN Japan Chemicals and Energy 82

828 988 KOC Holding AS TURKEY ROW Other 82

829 757 Blue Coat Systems Inc UNITED STATES North America Software/Internet 82

830 1153 Hitachi Zosen Corp JAPAN Japan Industrials 82

831 694 Italcementi SpA ITALY Europe Industrials 82

832 - Jiangling Motors Corp Ltd CHINA India/China Auto 82

833 732 Via Technologies Inc TAIWAN ROW Computing and Electronics 82

834 957 TiVo Inc UNITED STATES North America Computing and Electronics 82

835 861 Cree Inc UNITED STATES North America Computing and Electronics 81

836 768 Lear Corp UNITED STATES North America Auto 81

837 - KCC Corp SOUTH KOREA ROW Chemicals and Energy 81

838 891 Hanwha Corp SOUTH KOREA ROW Consumer 81

839 848 Rinnai Corp JAPAN Japan Industrials 81

840 747 E.ON AG GERMANY Europe Other 81

841 794 GN Store Nord A/S DENMARK Europe Computing and Electronics 81

842 831 Nalco Holding Co UNITED STATES North America Industrials 80

843 811 Bally Technologies Inc UNITED STATES North America Other 80

844 777 Trelleborg AB SWEDEN Europe Industrials 80

845 821 Nippon Paper Group Inc JAPAN Japan Industrials 80

846 834 Spirent Communications PLC BRITAIN Europe Computing and Electronics 80

847 758 Kaken Pharmaceutical Co Ltd JAPAN Japan Health 80

848 665 GEA Group AG GERMANY Europe Other 80

849 840 Elekta AB SWEDEN Europe Health 80

850 - Beiqi Foton Motor Co Ltd CHINA India/China Auto 80

851 - China Telecom Corp Ltd CHINA India/China Telecom 80

852 887 SEB SA FRANCE Europe Industrials 80

853 941 Secom Co Ltd JAPAN Japan Other 80

854 776 Estee Lauder Cos Inc/The UNITED STATES North America Consumer 80

855 999 Ushio Inc JAPAN Japan Industrials 79

856 741 THQ Inc UNITED STATES North America Software/Internet 79

857 894 Ishihara Sangyo Kaisha Ltd JAPAN Japan Chemicals and Energy 79

858 839 Praxair Inc UNITED STATES North America Chemicals and Energy 79

859 644 Unisys Corp UNITED STATES North America Computing and Electronics 79

860 829 Sopra Group SA FRANCE Europe Computing and Electronics 79

861 1000 Seikagaku Corp JAPAN Japan Health 79

862 778 Lexicon Pharmaceuticals Inc UNITED STATES North America Health 79

863 858 Mead Johnson Nutrition Co UNITED STATES North America Health 79

864 980 VistaPrint NV NETHERLANDS Europe Industrials 78

16

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2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

865 906 Orbotech Ltd ISRAEL ROW Computing and Electronics 78

866 879 CSG Systems International Inc UNITED STATES North America Software/Internet 78

867 782 ConAgra Foods Inc UNITED STATES North America Consumer 78

868 775 Sumco Corp JAPAN Japan Computing and Electronics 78

869 804 Daiwa House Industry Co Ltd JAPAN Japan Industrials 78

870 946 Amphenol Corp UNITED STATES North America Computing and Electronics 78

871 759 Ironwood Pharmaceuticals Inc UNITED STATES North America Health 77

872 1014 XOMA Ltd UNITED STATES North America Health 77

873 874 Micro-Star International Co Ltd TAIWAN ROW Computing and Electronics 77

874 1090 Sigma Designs Inc UNITED STATES North America Computing and Electronics 77

875 974 Harmonic Inc UNITED STATES North America Computing and Electronics 77

876 518 Shanghai Zhenhua Heavy Industries Co LtdCHINA India/China Industrials 77

877 877 Himax Technologies Inc TAIWAN ROW Computing and Electronics 76

878 851 Amer Sports OYJ FINLAND Europe Consumer 76

879 - Aeroflex Holding Corp UNITED STATES North America Computing and Electronics 76

880 1356 China Communications Services Corp LtdCHINA India/China Telecom 76

881 978 Owens Corning UNITED STATES North America Industrials 76

882 973 Dendreon Corp UNITED STATES North America Health 76

883 744 Cie Generale de Geophysique - Veritas FRANCE Europe Chemicals and Energy 76

884 1024 Sohu.com Inc CHINA India/China Software/Internet 76

885 606 Arena Pharmaceuticals Inc UNITED STATES North America Health 75

886 1003 Mitsui Engineering & Shipbuilding Co LtdJAPAN Japan Industrials 75

887 956 ResMed Inc UNITED STATES North America Health 75

888 830 Technip SA FRANCE Europe Chemicals and Energy 75

889 806 Theravance Inc UNITED STATES North America Health 75

890 866 Pall Corp UNITED STATES North America Industrials 75

891 911 NOF Corp JAPAN Japan Chemicals and Energy 75

892 890 NOK Corp JAPAN Japan Auto 75

893 922 China National Materials Co Ltd CHINA India/China Industrials 75

894 872 Coloplast A/S DENMARK Europe Health 75

895 932 Daifuku Co Ltd JAPAN Japan Industrials 75

896 895 Chugoku Electric Power Co Inc/The JAPAN Japan Other 74

897 827 Tokyo Ohka Kogyo Co Ltd JAPAN Japan Chemicals and Energy 74

898 938 VeriFone Systems Inc UNITED STATES North America Software/Internet 74

899 857 Diebold Inc UNITED STATES North America Computing and Electronics 74

900 885 West Japan Railway Co JAPAN Japan Other 74

901 927 Tessera Technologies Inc UNITED STATES North America Computing and Electronics 74

902 819 ACI Worldwide Inc UNITED STATES North America Software/Internet 74

903 833 Zeltia SA SPAIN Europe Health 74

904 1006 Amada Co Ltd JAPAN Japan Industrials 74

905 844 Fair Isaac Corp UNITED STATES North America Software/Internet 74

906 913 Bobst Group AG SWITZERLAND Europe Industrials 74

907 727 Salix Pharmaceuticals Ltd UNITED STATES North America Health 73

908 1084 MSCI Inc UNITED STATES North America Software/Internet 73

909 883 Quantum Corp UNITED STATES North America Computing and Electronics 73

910 940 Stada Arzneimittel AG GERMANY Europe Health 73

911 743 Lottomatica SpA ITALY Europe Consumer 73

912 921 Avon Products Inc UNITED STATES North America Consumer 73

913 824 Cytec Industries Inc UNITED STATES North America Chemicals and Energy 73

914 726 Array Biopharma Inc UNITED STATES North America Health 72

915 1069 Ixia UNITED STATES North America Computing and Electronics 72

916 976 Coherent Inc UNITED STATES North America Computing and Electronics 72

917 737 Medivation Inc UNITED STATES North America Health 72

918 - Manitowoc Co Inc/The UNITED STATES North America Industrials 72

17

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2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

919 1107 JDA Software Group Inc UNITED STATES North America Software/Internet 72

920 961 Nissin Kogyo Co Ltd JAPAN Japan Auto 72

921 1034 Singapore Technologies Engineering LtdSINGAPORE ROW Industrials 72

922 792 Deutsche Boerse AG GERMANY Europe Other 72

923 1011 Sanden Corp JAPAN Japan Auto 72

924 847 Embraer SA BRAZIL ROW Aerospace and Defense 72

925 897 Sika AG SWITZERLAND Europe Industrials 72

926 945 InterDigital Inc/PA UNITED STATES North America Computing and Electronics 71

927 1023 Veeco Instruments Inc UNITED STATES North America Computing and Electronics 71

928 904 Reynolds American Inc UNITED STATES North America Consumer 71

929 944 Electric Power Development Co Ltd JAPAN Japan Other 71

930 908 Fortune Brands Inc UNITED STATES North America Consumer 71

931 - IDB Holding Corp Ltd ISRAEL ROW Other 70

932 880 Bucher Industries AG SWITZERLAND Europe Industrials 70

933 925 Lintec Corp JAPAN Japan Chemicals and Energy 70

934 896 Cabot Corp UNITED STATES North America Chemicals and Energy 70

935 826 Celanese Corp UNITED STATES North America Chemicals and Energy 70

936 1033 Imagination Technologies Group PLC BRITAIN Europe Computing and Electronics 70

937 923 Esterline Technologies Corp UNITED STATES North America Aerospace and Defense 70

938 900 Andritz AG AUSTRIA Europe Industrials 70

939 1218 Semtech Corp UNITED STATES North America Computing and Electronics 70

940 948 Take-Two Interactive Software Inc UNITED STATES North America Software/Internet 70

941 1009 SPX Corp UNITED STATES North America Industrials 70

942 970 Yamazaki Baking Co Ltd JAPAN Japan Consumer 69

943 - Babcock & Wilcox Co/The UNITED STATES North America Industrials 69

944 863 Abengoa SA SPAIN Europe Industrials 69

945 849 Reliance Industries Ltd INDIA India/China Chemicals and Energy 69

946 - Cooper-Standard Holding Inc UNITED STATES North America Auto 69

947 1209 Ctrip.com International Ltd CHINA India/China Software/Internet 69

948 964 Nisshin Seifun Group Inc JAPAN Japan Consumer 69

949 1140 Ashok Leyland Ltd INDIA India/China Auto 69

950 939 IDEXX Laboratories Inc UNITED STATES North America Health 69

951 909 Inventec Appliances Corp TAIWAN ROW Computing and Electronics 69

952 1166 GS Yuasa Corp JAPAN Japan Consumer 68

953 - Yandex NV NETHERLANDS Europe Software/Internet 68

954 564 Valeant Pharmaceuticals International IncCANADA North America Health 68

955 898 Dongbu HiTek Co Ltd SOUTH KOREA ROW Chemicals and Energy 68

956 641 Meritor Inc UNITED STATES North America Auto 68

957 966 L-3 Communications Holdings Inc UNITED STATES North America Aerospace and Defense 68

958 1004 Israel Corp Ltd/The ISRAEL ROW Other 68

959 1108 FMC Technologies Inc UNITED STATES North America Chemicals and Energy 68

960 809 Affymetrix Inc UNITED STATES North America Health 68

961 991 Solera Holdings Inc UNITED STATES North America Software/Internet 68

962 630 InterMune Inc UNITED STATES North America Health 67

963 1046 Noritz Corp JAPAN Japan Industrials 67

964 856 Aastra Technologies Ltd CANADA North America Computing and Electronics 67

965 998 Intermec Inc UNITED STATES North America Industrials 67

966 1017 Pentair Inc UNITED STATES North America Industrials 67

967 1026 Modine Manufacturing Co UNITED STATES North America Auto 67

968 994 SEI Investments Co UNITED STATES North America Consumer 67

969 919 Roland Corp JAPAN Japan Other 67

970 828 Swedish Orphan Biovitrum AB SWEDEN Europe Health 67

971 1082 Bharat Electronics Ltd INDIA India/China Aerospace and Defense 67

972 1021 ADVA AG Optical Networking GERMANY Europe Computing and Electronics 67

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2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

973 910 FEI Co UNITED STATES North America Industrials 66

974 1285 Cadila Healthcare Ltd INDIA India/China Health 66

975 989 Nippon Soda Co Ltd JAPAN Japan Chemicals and Energy 66

976 1146 Great Wall Motor Co Ltd CHINA India/China Auto 66

977 958 Sigma-Aldrich Corp UNITED STATES North America Chemicals and Energy 66

978 661 Crane Co UNITED STATES North America Industrials 66

979 950 Computershare Ltd AUSTRALIA ROW Computing and Electronics 66

980 1001 Kansai Paint Co Ltd JAPAN Japan Chemicals and Energy 65

981 934 ALK-Abello A/S DENMARK Europe Health 65

982 929 Central Glass Co Ltd JAPAN Japan Industrials 65

983 - LinkedIn Corp UNITED STATES North America Software/Internet 65

984 942 IAC/InterActiveCorp UNITED STATES North America Software/Internet 65

985 462 BHP Billiton Ltd AUSTRALIA ROW Industrials 65

986 912 Biotest AG GERMANY Europe Health 65

987 817 Alliant Techsystems Inc UNITED STATES North America Aerospace and Defense 65

988 924 Techtronic Industries Co HONG KONG India/China Industrials 65

989 749 Bang & Olufsen A/S DENMARK Europe Computing and Electronics 65

990 1097 Zumtobel AG AUSTRIA Europe Industrials 65

991 1191 Nihon Unisys Ltd JAPAN Japan Software/Internet 65

992 1306 Targacept Inc UNITED STATES North America Health 65

993 714 Rigel Pharmaceuticals Inc UNITED STATES North America Health 64

994 914 Kureha Corp JAPAN Japan Industrials 64

995 997 Ablynx NV BELGIUM Europe Health 64

996 1118 Seiko Holdings Corp JAPAN Japan Consumer 64

997 949 Showa Corp JAPAN Japan Auto 64

998 875 Telenor ASA NORWAY Europe Telecom 64

999 1176 Gentex Corp UNITED STATES North America Computing and Electronics 64

1000 1104 Cirrus Logic Inc UNITED STATES North America Computing and Electronics 64

19

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2011 Booz & Company Global Innovation 1000 Company Listing

NOT FOR EXTERNAL DISTRIBUTION - BOOZ & COMPANY INTERNAL USE ONLY24 October 2011

Sources: Bloomberg, Company Annual Reports

2011 Rank 2010 Rank Company Name Headquarters Country Headquarters Region Booz Industry Category R&D Spend 2010 (Millions $USD)

Innovation 1000 List Methodology

Booz & Company identified the 1,000 public companies around the world that spent the most on research and development in 2010. To be included, companies had to make data on their R&D

spending public; all data is based on the most recent fiscal year, as of June 30, 2011. Data was compiled from Bloomberg, where R&D is counted as part of SG&A. Subsidiaries that were more

than 50 percent owned by a single corporate parent were excluded if their financial results were included in the parent company’s financials.

Each company was coded into one of ten industry sectors (or “other”), according to Bloomberg’s industry designations and into five regional designations based on reported headquarters

locations for each company. This approach means that, for example, Alcatel-Lucent's R&D, which has substantial operations at its subsidiary Bell Labs in the United States, is reported to be in

Europe given Alcatel-Lucent's (#39) French headquarters and our practice of not including consolidated subsidiaries in our rankings. This was the best possible approach, since R&D spending is

only rarely broken out by subsidiary or region.

To enable meaningful comparisons across industries on R&D spending levels, we indexed the R&D spending level for each industry against the median

R&D spending level for that industry. Similarly, to avoid the shareholder returns analysis being skewed by differences in performance across regional stock

markets, we adjusted shareholder returns data to show the corporation’s performance relative to that of a leading index of its regional market.

20