Salesforce, Inc. · NYSE:CRM
Salesforce — Salesforce.Com — Shareholder Meeting (May 2020)
20 slides from Salesforce's shareholder meeting presentation, May 18, 2020
Slide 1: Salesforce Proxy Supplement May 2020
Salesforce Proxy Supplement May 2020
Slide 2: 2020 Proxy Statement Highlights
2020 Proxy Statement Highlights Continued stockholder engagement on a year-round basis, engaging >50% of shares outstanding. New Fiscal Year in Review section summarizing the proxy highlights with financial performance, corporate responsibility initiatives, stockholder engagement, and board and gove
Slide 3: Company Overview
Company Overview The global leader in customer relationship management (CRM) technology Founded in 1999, public listing in 2004 (NYSE: CRM). Salesforce is the #1 CRM software provider worldwide by revenue for 7 consecutive years1 Fastest growing top five enterprise software company with $17.1B in re
Slide 4: Salesforce Customer: Trusted, Smart, Flexible, Sustainable
Salesforce Customer 360 Trusted . Smart . Flexible . Sustainable
Slide 5: FY20 Financial Results
FY20 Financial Results Consistent top-line revenue and cash flow growth Revenue Operating Cash Flow 1 27% CAGR 26% CAGR (Fiscal years end on January 31 of the specified year) 1Non-GAAP operating margin excludes the effects of stock-based compensation and amortization of acquisition-related intangibl
Slide 6: Return to Stockholders
Return to Stockholders Salesforce has a track record of delivering significant total stockholder returns Five-Year Cumulative Total Return Nasdaq Computer: $257 S&P 500 Index: $162 Salesforce: $323 Nasdaq 100: $217 Total returns over 5 years based on an initial investment of $100. Data for the Stand
Slide 7: Board of Directors
Board of Directors Ongoing and proactive board refreshment practices 11 Average tenure (years): 4 New directors since 2014: 6 Software Industry 4 Sales Distribution 7 International Experience 10 Public Company Board 5 Cloud Computing Technology 4 Marketing/Branding 4 Diversity 8 Entrepreneurship/VC
Slide 8: Compensation Program Framework
Compensation Program Framework Align executive compensation with the interests of our stockholders Base Salary Pay Component FY 2020 Metrics Rationale Provides compensation for day-to-day responsibilities for all employees Drives achievement of key annual corporate performance goals Objective: Attra
Slide 9: Amend 2013 Equity Incentive Plan share pool increase
Seeking stockholder approval of 2013 Equity Incentive Plan share pool increase of 31.5 million shares. The increased share pool is required to meet our forecasted needs. The proposed share increase is expected to last approximately one to two years. We operate in a highly competitive industry and ge
Slide 10: Amend 2004 Employee Stock Purchase Plan share pool increase
Seeking stockholder approval of 2004 Employee Stock Purchase Plan share pool increase of 10 million shares. We operate in a highly competitive industry and geographies for employee talent. Our ESPP is an essential tool that helps us compete for talent in the labor markets in which we operate. Our ES
Slide 11: Protecting Our Planet
Protecting Our Planet FY20 highlights continued commitment to creating a sustainable future for all Carbon and Energy Strategy Committed to achieve 100% renewable energy for our global operations by the end of fiscal 2022. In fiscal 2020, Salesforce procured electricity from renewable energy resourc
Slide 12: Empowering the Community
Empowering the Community We believe that businesses can be powerful platforms for social change Philanthropy is core to Salesforce Pioneered the 1-1-1 model of integrated corporate philanthropy, dedicating 1% of Salesforce’s equity, 1% of employee time, and 1% of product to communities around the wo
Slide 13: COVID-19 Response: Empowering our workforce to stay healthy
COVID-19 Response Empowering our workforce to stay healthy Protecting Our Workforce Proactively closed our offices around the world and provided allowances for employees to equip their home workspaces. Provided frequent communication and updates, including company-wide video calls led by senior mana
Slide 14: COVID-19 Response: Commitment to our stakeholders
COVID-19 Response Commitment to our stakeholders, and putting our values into action Integrated Philanthropy Partnered with numerous local and national charities, including expanding our support to organizations like the Italian Red Cross, Madrid Food Bank, and the New York COVID-19 Emergency Fund.
Slide 15: Fostering Employee Success
Fostering Employee Success Support our values of trust, customer success, innovation and equality Creating a Culture of Equality Our diversity makes us stronger. As of October 31, 2019 approximately 44 percent of our U.S. workforce was made up of underrepresented groups. Our goal is to increase this
Slide 16: Operating with Integrity and Trust
Operating with Integrity and Trust Support our values of trust, customer success, innovation and equality Establish policies consistent with business ethics and corporate governance requirements A substantial majority of our board members are independent of Salesforce and its management. Our Code of
Slide 17: Forward-Looking Statements
Forward-Looking Statements "Safe harbor" statement under the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements about the company's financial and operating results, which may include expected GAAP and non-GAAP financial and other operating and non
Slide 18: Appendix: Non-GAAP Financial Measures
Appendix Non-GAAP Financial Measures
Slide 19: Non-GAAP Financial Measures: GAAP to Non-GAAP Reconciliation
Non-GAAP Financial Measures GAAP to Non-GAAP Financial Reconciliation This presentation includes information about non-GAAP income from operations (“non-GAAP financial measures”). These non-GAAP financial measures are measurements of financial performance that are not prepared in accordance with U.S
Slide 20: Thank you