Salesforce, Inc. · NYSE:CRM
Salesforce — Shareholder Meeting (June 2024)
12 slides from Salesforce's shareholder meeting presentation, Jun 14, 2024
Slide 1: Salesforce Proxy Statement Supplement June 2024
Salesforce Proxy Statement Supplement 1 June 2024
Slide 2: Forward-looking statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, which may consist of, among other things, trend analyses and statements regarding future events, future financial
Slide 3: Fiscal 2024 Performance Highlights
Revenue 2 Operating Cash Flow 2 Remaining Performance Obligation 3 17% CAGR 24% CAGR 3 20% CAGR Fiscal 2024 Performance Highlights We delivered profitable growth at scale in a highly successful year of transformation Our team’s efforts have driven significant value for our stockholders. In particula
Slide 4: Executive compensation program design and pay components
RSUs Our program has evolved to advance our compensation practices in a manner that both benefits stockholders and aligns with our strategy and pay philosophy, including through the integration of operating margin goals 4 Pay Component FY24 Metrics Design and Purpose Base Salary N/A • Provides a bas
Slide 5: Compensation Committee review of CEO compensation
The Compensation Committee is intently focused on providing appropriate and competitive compensation programs, meeting 27 times in FY24 to carry out its oversight duties • Near the end of FY24, the Compensation Committee undertook another review of our CEO’s compensation in light of the Company’s tr
Slide 6: Effective Board Leadership Structure
The Board continues to believe it is important to retain flexibility to determine the most appropriate leadership structure for the Board at any given time considering the Company’s circumstances and Board’s composition Effective Board Leadership Structure 6 Salesforce’s Board leadership structure h
Slide 7: Board Composition Enables Effective Oversight
9 Software Industry 7 Cybersecurity or Data Privacy 12 Profitable/Sustainable Growth Strategies 11 Public Company or Large Organization Senior Executive 11 Public Company Board 10 Capital Allocation 7 Marketing and Brand Building Leadership Diverse and Dynamic Experience (1) Director tenure is measu
Slide 8: Highly Qualified Board of Directors
Robin Washington(2)(3) (since 2013) Marc Benioff (1) (since 1999) Oscar Munoz (since 2022) Laura Alber (since 2021) John V. Roos (since 2013) Neelie Kroes (since 2016) Susan Wojcicki (since 2014) Maynard Webb (since 2006) Sachin Mehra(3) (since 2023) Mason Morfit (since 2023) (1) Chair and CEO (2) L
Slide 9: Appendix
Appendix 9
Slide 10: CEO security program costs
• The total costs associated with Mr. Benioff’s security program include security measures to protect Mr. Benioff on a 24-hour basis • Historically, the Company paid various costs relating to surveillance, monitoring and security services including at Mr. Benioff’s residences, and Mr. Benioff covere
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures 11 This presentation includes information about non-GAAP Operating Margin (a “non-GAAP financial measure”). Non-GAAP financial measures are measurements of financial performance that are not prepared in accordance with U.S. generally accepted accounting principles (“GAAP”
Slide 12: GAAP to Non-GAAP Financial Reconciliation
GAAP to Non-GAAP Financial Reconciliation 12 (in millions) Fiscal Year Ended January 31, Non-GAAP income from operations1 2024 2023 2022 2021 2020 GAAP income from operations $5,011 $1,030 $548 $455 $297 Plus: Amortization of purchased intangibles 1,869 1,951 1,624 1,121 792 Stock-based compensation