First Quarter 2022

Results

Safe Harbor Statement

During this presentation we will make forward-looking statements which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2021 Annual Report on Form 20-F.

Financial Highlights

Regional PerformanceGross Margin DevelopmentTax Rate, EPS & Cash FlowOutlook and Ambition

SAP Q1 2022 Financial Results

in € millions, unless otherwise stated

(Cloud gross margin in %)

Total revenue

7,077

▲ +11% (+7% @cc)

Cloud & Software revenue 6,060

▲ +12% (+7% @cc)

Share of more predictable revenue

81%

▲ +3pp

Gross profit

(Gross margin in %)

IFRS

4,979 (70.3%) ▲ +12%

Non-IFRS

5,095 (72.0%) ▲ +11% (+7% @cc)

Cloud gross profit

IFRS

1,922 (68.2%) ▲ +33%

Non-IFRS

1,974 (70.0%) ▲ +32% (+26% @cc)

Cloud revenue

2,820

▲ +31% (+25% @cc)

Current cloud backlog

9,731

▲ +28% (+23% @cc)

Operating profit

IFRS

1,053

▲ +10%

Non-IFRS

1,677

▼ -4% (-7% @cc)

S/4HANA cloud revenue

404

▲ +78% (+71% @cc)

S/4HANA current cloud backlog

1,925

▲ +86% (+79% @cc)

Earnings per Share

(in €)

IFRS basic

0.63

▼ -29%

diluted

Non-IFRS basic

0.63

1.00

▼ -29%

▼ -28%

Financial Highlights

Regional Performance

Gross Margin DevelopmentTax Rate, EPS & Cash FlowOutlook and Ambition

Excellent cloud revenue performance across all regions

AMERICAS

EMEA

APJ

Revenues calculated based on customer location; All numbers are Non-IFRS unless otherwise stated; Individual country highlights are based on Non-IFRS at constant currencies

Financial HighlightsRegional Performance

Gross Margin Development

Tax Rate, EPS & Cash FlowOutlook and Ambition

Gross Margin Development

in € millions, unless otherwise stated

Revenue

Gross Margin % (Gross profit)

.

Non-IFRS

Q1/22

Cloud

2,820

∆ in %

∆ in % @cc

Q1/22

31

25

70.0

(1,974)

∆ in %

∆ in % @cc

SaaS/PaaS

2,585

34 23 40 10 -1 12 11

28 16 34

73.9

(1,909)

SaaS/PaaS - Intelligent Spend

808

80.7

(653)

SaaS/PaaS - Other

1,776

70.7

(1,257)

IaaS

Software licenses and support

Cloud and software

Services

Total

5 -4 7 7

27.6

(65)

87.5

(2,836)

11

7

0.5pp 0.3pp 2.4pp -0.3pp -5.7pp 1.2pp -0.3pp -0.6pp -0.3pp

0.5pp 0.2pp 2.2pp -0.4pp -3.8pp 1.2pp -0.3pp -0.8pp -0.3pp

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SAP SE published this content on 22 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2022 05:07:04 UTC.