Debt Investors Call First Quarter 2015 Walldorf, Germany Monday, May 4, 2015

Safe Harbor Statement Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties...

Agenda Income Statement Outlook - 2015 Balance Sheet and Cash Flow Analysis Other Topics I. II. Completing the Concur Acquisition Re-financing Debt Maturity Profile

Cloud Subscriptions and Support Revenue (€ bn) IFRS Non-IFRS Software licenses and Support Revenue (€ bn) Cloud and Software Revenue (€ bn) IFRS . Non-IFRS

Non-IFRS cloud subscriptions and support revenue: +131% yoy to €509m (+95% at cc)1) New cloud bookings – key measure for SAP’s sales success in the cloud: +121% to €120m2) Cloud subscriptions & support backlog3): €2.3bn as of Dec 31, 2014, +94% yoy Cloud applications total subscribers: ~80 million SAP Business Network: – the world’s largest network of its kind – brings together Ariba, Concur and Fieldglass into one operating unit which is reported as a separate business segment – total segment revenue was €368m in Q1, yoy +207% at cc – ~1.8m connected companies trade >$750bn of frictionless commerce4)...

Cloud subscriptions and support revenue by region** Q1 2015 € millions | yoy percent change Asia Pacific Japan 44 | +137% | +105%* * At constant currencies ** Non-IFRS revenue is presented by region based on customer location © 2015 SAP SE. All rights reserved.

Cloud and software revenue by region** Q1 2015 € millions | yoy percent change Asia Pacific Japan 574 | +38% | +23%* * At constant currencies ** Non-IFRS revenue is presented by region based on customer location © 2015 SAP SE. All rights reserved.

Powerful mix shift to high growth Cloud business leading to higher share of predictable revenue Cloud subscriptions and support revenue Non-IFRS, in € million Combined total revenue Non-IFRS, in € billion Share of Cloud subscriptions & support and support revenue

SAP is able to drive the combination of fast cloud topline growth and expanding profit at the same time € millions, unless otherwise stated Revenue Numbers Cloud subscriptions and support Software licenses Software support Software licenses and support Cloud and software Services revenue Total revenue Operating Expense Numbers Total operating expenses Profit Numbers Operating profit Finance income, net Profit before tax Income tax expense Profit after tax Operating margin in % Basic earnings per share, in € © 2015 SAP SE. All rights reserved.

Gross margin declined by 80 bps Q1 2015 Non-IFRS, Q1/15 Total revenue Total revenue Services Services revenue expenses Services Services revenue expenses Cloud and Software Margin 82.4% | -0,5pp * Cloud & Software revenues / expenses © 2015 SAP SE. All rights reserved.

Agenda Income Statement Outlook - 2015 Balance Sheet and Cash Flow Analysis Other Topics I. II. Completing the Concur acquisition re-financing Debt Maturity Profile

Outlook for the full-year 2015 Actual Performance 3M/15 Cloud subscription and support revenue (Non-IFRS at cc) Cloud and Software Revenue (Non-IFRS at cc) Operating Profit (Non-IFRS at cc) While the Company's full-year 2015 business outlook is at constant currencies, actual currency reported figures are expected to continue to be impacted by currency exchange rate fluctuations. If exchange rates remain at the March 2015 average rates for the rest of the year, the Company expects non-IFRS cloud & software revenue growth rate to experience a currency benefit in a range of 8 to 11 pp for the FY/15...

Agenda Income Statement Outlook - 2015 Balance Sheet and Cash Flow Analysis Other Topics I. II. Completing the Concur acquisition re-financing Debt Maturity Profile

Balance sheet, condensed March 31, 2015, IFRS Assets Cash, cash equivalents and other financial assets Current liabilities Financial liabilities Total liabilities Total equity € millions Trade and other payables Deferred income Trade and other receivables Other non-financial assets and tax assets Total current assets Other liabilities Intangible assets Property, plant, and equipment Other non-current assets Total non-current assets Total assets Deferred income Other non-current liabilities

Operating cash flow increased by 1% to €2.37bn Free cash flow as a percentage of total revenue Cash conversion rate € millions, unless otherwise stated Operating cash flow - Capital expenditure Free cash flow Days sales outstanding (DSO in days)

Total group liquidity improved by more than €1,9bn € millions Operating cash flow Total group liquidity1) 12/31/14 Net proceeds Capital from treasury expenditure shares -139 +6 Group debt Cash and cash equivalents + restricted cash + current investments Includes positive effect resulting from cash receipts from derivate financial instruments related to business combinations of EUR266 M Group Net Liquidity defined as Total Group Liquidity minus Group debt– for more details see first quarter 2015 Interim Report

Agenda Income Statement Outlook – 2015 Balance Sheet and Cash Flow Analysis Other Topics I. II. Completing the Concur acquisition financing Debt Maturity Profile

Completion of the Concur Refinancing € millions All figures in bn EUR Facility A – Bridge to DCM facility Long 12 year at 1,75%.pa - Fixed Long 8 year at 1,125%.pa - Fixed 4 year at 3M Euribor + 30bps - Floater -1.75 10 year at 1,0%.pa - Fixed 5 year at 3M Euribor + 30bps - Floater 2 year at 3M Euribor + 17bps - Floater -2.50 Facility B – 3 Year Term Loan Credit Facility Repaid 0,75 already in Q115 and 1,75 until contractual maturity in 2017 1st Round Takeout Eurobond Nov-14 2nd Round Takeout Eurobond Mar-15