SAP SE Third Quarter 2023 Results Presentation | October 18, 2023
Third Quarter 2023 Results
Christian Klein, CEO
Dominik Asam, CFO
2023 SAP SE or an SAP affiliate company. All rights reserved. ǀ PUBLIC
Third Quarter 2023 Results Presentation | October 18, 2023
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 2022 Annual Report on Form 20-F.
2023 SAP SE or an SAP affiliate company. All rights reserved. ǀ PUBLIC
Third Quarter 2023 Results Presentation | October 18, 2023
Christian Klein
CEO
2023 SAP SE or an SAP affiliate company. All rights reserved. ǀ PUBLIC
Third Quarter 2023 Results Presentation | October 18, 2023
Q3 2023 | Customer Momentum | Strategy Update |
We continuously deliver on our commitments with strong performance in Q3
Current Cloud | Cloud Revenue | Thereof S/4HANA |
3,472 | ||
Backlog | 914 | |
▲ +16% (+23% @cc) | ▲ +67% (+77% @cc) | |
12,269 | SaaS Revenue | |
▲ +19% (+25% @cc) | 2,727 | |
▲ +16% (+23% @cc) | ||
Thereof S/4HANA | PaaS Revenue | |
4,199 | ||
558 | ||
▲ +58% (+66% @cc) | ▲ +39% (+46% @cc) | |
2,395 | 2,558 | |||
2,164 | 2,269 | (+28%) | ||
2,113 | (+24%) | |||
(+27%) | ||||
(+29%) | (+27%) | |||
Cloud Revenue in €millions (yoy @cc)
Cloud Gross Profit in €millions (yoy @cc)
Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 |
All numbers are in € millions, non-IFRS unless otherwise stated, SAP continuing operations excl. Qualtrics
2023 SAP SE or an SAP affiliate company. All rights reserved. ǀ PUBLIC
Third Quarter 2023 Results Presentation | October 18, 2023
Q3 2023 | Customer Momentum | Strategy Update |
We deliver unique customer value with our best-of-suite offering
2023 SAP SE or an SAP affiliate company. All rights reserved. ǀ PUBLIC
Third Quarter 2023 Results Presentation | October 18, 2023
Q3 2023 | Customer Momentum | Strategy Update |
We keep the momentum
RISE with SAP | Installed base | Customers |
customers | maintenance conversion | in 80 countries |
2023 SAP SE or an SAP affiliate company. All rights reserved. ǀ PUBLIC
Third Quarter 2023 Results Presentation | October 18, 2023
Q3 2023 | Customer Momentum | Strategy Update |
The bigger picture: Business transformation
On September 7, SAP and LeanIX GmbH announced that SAP has entered into an agreement to acquire LeanIX. The transaction is expected to close in the fourth quarter of 2023, subject to customary closing conditions and regulatory approvals.
2023 SAP SE or an SAP affiliate company. All rights reserved. ǀ PUBLIC
Third Quarter 2023 Results Presentation | October 18, 2023
Q3 2023 | Customer Momentum | Strategy Update |
SAP Business AI
Relevant. Reliable. Responsible.
Finance | Supply Chain | HR | Procurement | Marketing and Commerce | Sales and Services | IT
Cloud ERP | Human capital | Spend management | Customer relationship | Business Technology |
management | and business network | management | Platform | |
AI ecosystem partnerships and investments
2023 SAP SE or an SAP affiliate company. All rights reserved. ǀ PUBLIC
Third Quarter 2023 Results Presentation | October 18, 2023
Dominik Asam
CFO
2023 SAP SE or an SAP affiliate company. All rights reserved. ǀ PUBLIC
Third Quarter 2023 Results Presentation | October 18, 2023
Financial Highlights | Regional Performance | Gross Profit Development | Tax Rate, EPS & Cash Flow | Outlook and Ambition |
SAP Q3 2023 Financial Results
in € millions, unless otherwise stated; based on SAP group results from continuing operations
Total revenue | Cloud & Software | Cloud revenue | S/4HANA Cloud revenue | |||
revenue | ||||||
7,744 | 6,679 | 3,472 | 914 | |||
▲ +4% (+9% @cc) | ▲ +4% (+9% @cc) | ▲ +16% (+23% @cc) | ▲ +67% (+77% @cc) | |||
Share of more predictable revenue | Current cloud backlog | S/4HANA current cloud backlog |
82% | 12,269 | 4,199 | ||
▲ +2pp | ▲ +19% (+25% @cc) | ▲ +58% (+66% @cc) | ||
Gross profit | Cloud gross profit | Operating profit | Earnings per Share | |
(Gross margin in %) | (Cloud gross margin in %) | (in €) | ||
IFRS | IFRS | IFRS | IFRS basic | |
5,637 (72.8%) | 2,525 (72.7%) | 1,724 | 1.09 | |
▲ +4% | ▲ 21% | ▲ +11% | ▲ +45% | |
Non-IFRS | Non-IFRS | Non-IFRS | IFRS diluted | Non-IFRS basic |
5,770 (74.5%) | 2,558 (73.7%) | 2,278 | 1.08 | 1.45 |
▲ +4% (+9% @cc) | ▲ +21% (+28% @cc) | ▲ +10% (+16% @cc) | ▲ +44% | ▲ +32% |
2023 SAP SE or an SAP affiliate company. All rights reserved. ǀ PUBLIC | SAP continuing operations excl. Qualtrics |
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SAP SE published this content on 18 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2023 20:26:48 UTC.
