Good morning, ladies and gentlemen. I'm pleased to declare this year's Annual General Meeting of shareholders of SAP SE open. Welcome. Since I've been unable to personally host the general meeting in the past two years due to the coronavirus pandemic and strict travel restrictions, I'm all the more delighted to be able to do so again this year. And even though the infection rates have gone down significantly since the winter and many of the restrictions lifted, we are once again welcoming you to a purely virtual event. This is because we needed to make a decision on how to hold this year's meeting several months ago, when it was not clear how the pandemic would develop. In view of the ongoing uncertainty and potential meeting restrictions, we opted, in the interest of your safety, to again hold this year's meeting exclusively online. I regret very much that we are not able to come together personally, dear shareholders, especially since 2022 would have been the most fitting year for us to do so. For it is the year of our 50th anniversary, a milestone we would, of course, have preferred to have celebrated with you in person, together at an on-site general meeting. We can all be very proud of the rich tradition SAP has built up over the past half-century, the Executive Board, Supervisory Board, our employees, and of course you, our shareholders. That is why we want you to share in this success, and as announced prior to the general meeting, we propose to pay out an increased dividend this year to mark this special occasion, and I will come back to the exact amount shortly when I go over to the agenda. Dear shareholders, because we are holding this meeting virtually again, we want to make sure you have all the necessary information at your disposal to be appropriately involved. That is why, as in previous years, we published the speech of our CEO, Christian Klein, on our website in advance. This is to help you to better prepare for today's event. And we will, of course, also answer all the questions submitted in the run-up to the meeting during this virtual event. In addition, all duly registered shareholders had the opportunity to submit comments prior to the meeting so that the same could be made accessible to all shareholders on the shareholder portal. What's more, we decided this year to grant shareholders further options for exercising their rights also within the framework of this virtual format. As such, today, for the first time, you will be able to ask follow-up questions during the meeting. I will explain the procedure for this in more detail later on. Ladies and gentlemen, following these preliminary remarks, I now come to the formalities of this virtual annual general meeting. First up, the attendance of executive board and supervisory board members. As in previous years, we have a reduced lineup of representatives on stage and not the entire executive board and supervisory board, as would be the case in a conventional annual general meeting with physical presence of shareholders. For the record, the executive board members Christian Klein, Sabine Bendiek, Luka Mucic, and Thomas Saueressig are physically present here in the room. Also present in the room here are the supervisory board members Friederike Rotsch and Gerd Oswald. The rest of the Executive Board and Supervisory Board members, with the exception of Julia White, Aicha Evans, and Bernard Liautaud, who sent their apologies, are following the meeting live on the internet. We are therefore in compliance with COVID-19-related contact restrictions, to which we remain committed. I would also like to welcome Dr. Stefan Fellmeth, Notary Public, who is also physically present in the room and will take the minutes. Welcome, Dr. Fellmeth. Today's meeting was called with due notice in accordance with the legal requirements, and notice of the meeting was published in the Bundesanzeiger on April 7, 2022. A copy of the notice will be annexed to the minutes of the Notary Public. All notices required for convening the AGM of shareholders were properly issued. Prior to the meeting, the company received a shareholders' counter-motion requiring disclosure to Agenda Item 3, resolution on the formal approval of the acts of the Executive Board. The company subsequently posted this counter-motion as well as the position of the Executive Board and Supervisory Board on SAP's website. Since the shareholder in question has duly legitimized and registered himself for the meeting, this counter-motion shall be deemed to have been made at the Annual General Meeting. When I explain the voting procedure later on, I will go into more detail about how this counter-motion will be handled during the voting. Although there are no shareholders physically present in the room where this virtual Annual General Meeting of shareholders is taking place, we are keeping an electronic attendance register. The attendance registers list the proxies designated by the company who are present here in the room. They represent shareholders who have already appointed and instructed them accordingly, or who do so during the course of this meeting. A copy of the attendance register is here in the meeting room. Now, as regards the voting, shareholders who properly applied through their custodian bank to attend the meeting and were sent their voting rights cards were able to exercise their voting rights in advance of the meeting, either by postal vote or by appointing and instructing the proxies designated by the company. But there's still time now for shareholders to use their voting rights cards to appoint and instruct the proxies designated by the company or to cast their votes electronically via the password-protected shareholder portal right up until the Executive Board has finished answering the questions submitted by shareholders and voting begins. At that point, I will issue a clear reminder to shareholders that this is their final opportunity to cast their votes or issue voting instructions. This virtual Annual General Meeting still provides for shareholders to ask questions that are then answered at the meeting. In line with the COVID-19 Act, the Executive Board and Supervisory Board offered shareholders who properly registered to attend the meeting the opportunity to submit their questions via the password-protected shareholder portal no later than midnight Central European Time on May 16, 2022. Questions, which we've received in advance of the Annual General Meeting of Shareholders, will be answered after the speech given by SAP's CEO, Christian Klein. In accordance with the legal requirements for the virtual Annual General Meeting, we will, of course, answer all of the questions submitted. We will also answer these questions in as much detail as we would at an Annual General Meeting at which the participants are physically present. As I mentioned earlier, in addition to the right to ask questions as provided for by the law, we are now offering shareholders the opportunity to ask follow-up questions related to the questions they have already properly submitted in advance. Shareholders who have placed questions in advance may ask two follow-up questions via the password-protected shareholder portal. We will activate the relevant functions in the shareholder portal at the start of the answers to the shareholders' questions. All follow-up questions submitted in this manner will then be answered at the end of the answers to the shareholders' questions. As mentioned at the start of the meeting, we've again offered shareholders who properly registered to attend the meeting the opportunity to submit their comments via video message in the run-up to the meeting. We then made these video messages accessible to all other properly registered shareholders on the shareholder portal. The objective here is to improve our shareholders' involvement in the annual general meeting and ensure greater diversity of opinion. We've received two video messages, which we made available on the shareholder portal by Ms. Benner-Heinacher and by DSW, Deutsche Schutzvereinigung für Wertpapierbesitz, and Mr. Schmidt by Vermögensverwalter DWS. I would like to say thank you to both of them for their contributions. I would like to point out that this virtual annual general meeting of shareholders is not only accessible online to registered shareholders, but is being publicly broadcast on the internet. However, only what I'm saying now and the speech given by CEO Christian Klein will be recorded and posted on the internet after the meeting. Ladies and gentlemen, that takes us to the agenda. Let us first take item one, and I state that the following documents were available at the website from the time the AGM was called: the approved financial statements, the adopted consolidated financial statements, the combined management report for SAP Group and SAP SE, including the Executive Board's explanatory notes pursuant to the German Commercial Code sections 289A and 315A. Furthermore, the Supervisory Board report and the Executive Board's proposed resolution on the appropriation of retained earnings. These documents are here in the meeting room, and they can also be accessed on our website for the duration of the meeting. The auditor, KPMG AG Wirtschaftsprüfungsgesellschaft, examined the SAP SE financial results, the consolidated financial statements, and combined SAP SE and SAP Group management report for fiscal year 2021, and has issued an unqualified auditor's opinion. The Supervisory Board reviewed the aforementioned documents and approved them on February 23, 2022, and with this approval, the SAP SE financial statements for 2021 were thus formally adopted. Ladies and gentlemen, I'd like to take this opportunity now to talk about some of the things the Supervisory Board and I, as its chairperson, focused on in the past year. You can find a detailed report of the Supervisory Board's report in the SAP Integrated Report. Due to the ongoing pandemic situation, we had most of our meetings in 2021 virtually once again. But nevertheless, we remained in regular contact with the Executive Board and continued to perform our supervisory and advisory tasks conscientiously and with due diligence. Let me first begin with a comment on Russia's attack against Ukraine. It is an aggression that has filled us all with deep shock and sorrow, one that has prompted us as a company to respond with measures that were previously unthinkable. The images reaching us from the war zones these past months and the threats being made by the Russian authorities are simply unbearable for me. The Supervisory Board has therefore backed the Executive Board's decision to pull SAP business out of Russia, even if this means a drop in revenue and profit. Because I really don't see any future for SAP in Russia given the current situation. For me, it is much more important that our company adopt a clear stance in this regard. And I think you feel the same way, dear shareholders. Christian Klein will go into more detail about the specific measures we took later on in his speech. The coronavirus pandemic continued to dominate society and business worldwide in 2021, and therefore this remained a core topic for the Supervisory Board last year. For SAP, the main challenge was to effectively and continuously safeguard all business processes in this change, predominantly virtual working environment. Among other things, this is because the large majority of our global workforce has been working from home since the outbreak of the pandemic. And since this worked so well again last year, in my opinion, I'd like to expressly thank all employees around the world once again for your extraordinary commitment under these challenging conditions. Apart from these external topics, our work on the Supervisory Board and our discussions with the Executive Board last year centered mainly around SAP's accelerated transformation to the cloud. SAP has taken up this challenge in all areas and on all levels of the company. And we are now seeing tangible results. We've made huge progress in the integration and further development of our products, and customer satisfaction has gone up significantly as well. And I see the Executive Board team continuing to work hand in hand towards this goal. When it comes to topics such as supply chains and sustainability, topics that are covered everywhere, SAP can provide its customers with important planning software, which is putting us at the top of cutting-edge markets of tomorrow. Our performance last quarter confirms that our transformation to a cloud company is working. And this will have a positive impact on the share price in the long term as well. I'm sure of it. Because our financial figures, our results are definitely impressive vis-à-vis our competitors. The corresponding market capitalization and hence market valuation of our company, however, are not yet quite where we would like them to be. So we will continue to work hard on those going forward. Ladies and gentlemen, I would also like to talk about changes on the Executive Board and Supervisory Board. We have agreed with Luka Mucic to end his Executive Board contract prematurely with effect from March 31, 2023. And there has been much speculation in the press about the reasons why. But let me emphasize that this agreement was mutual and amicable. The fact that Luka Mucic will remain CFO for almost another year to come is testimony to this amicable decision. In addition, he will assist us in the search for a successor and help with the handing over process. However, since this will be Luka Mucic's last annual general meeting as CFO of SAP, I'd like to take this opportunity to thank him both personally and on behalf of the supervisory board. Having joined SAP 26 years ago, Luka served in a variety of functions, gradually working his way up to the executive board through his dedication, passion, and outstanding abilities. He is highly respected by all members of the supervisory board, executive board, employees, partners, and the capital markets alike, and I think we can be somewhat proud of Luka because he is the epitome of what you could call homegrown SAP talent. After all, he began his career at SAP while still a law student and has remained true to the company ever since filling different positions. Dear Luka, dear Luka, though you'll still be with us for some time yet, I want to thank you today, also on behalf of the Supervisory Board, for your many years of service to SAP, for your commitment, and for your wise counsel in many situations. We wish you every success in the future. I'd also like to address a number of changes on the Supervisory Board that have happened since last year's Annual General Meeting. Christa Koenen, for example, left the Supervisory Board as employee representative in August. I'd like to thank Christa for her work on the Supervisory Board. Christa is succeeded by Peter Lengler, and there were two more changes on the Supervisory Board. Two employee representatives on the Supervisory Board were accused of misconduct in 2021, which also received broad press coverage. One of these employee representatives resigned his seat from the Supervisory Board soon thereafter and also left the company. In the case of the second member, we found the accusation against him so severe that further collaboration with him was no longer possible. We therefore saw no other alternatives but to petition the court for his removal from the Supervisory Board, and the courts responsible for the matter subsequently granted our petition. The two members in question were succeeded on the Supervisory Board by their respective substitutes, Manuela Aschauer-Holstein and Helmut Stengele. I'm therefore pleased to welcome both and Peter Lengler, all of whom, as indicated previously, are participating remotely. It is our duty as the Supervisory Board to uphold the standards of good corporate governance and serve as a role model for the company everywhere and at all times. And that, of course, also applies to the shareholder representatives and the employee representatives in equal measure. Where this is not the case, we could not be able to deliberate on cases of compliance breaches, and last year required us to discuss the handling and consequences of such cases and reported on our deliberations in depth in our 2021 Supervisory Board report. This is also the last SAP general meeting for one of our Supervisory Board members. Bernard Liautaud has decided to resign from the Supervisory Board prematurely with effect from the close of today's meeting. He was the founder and long-time CEO and chairman of Business Objects, a company that SAP acquired in 2008. Following the acquisition, Bernard Liautaud was elected to the SAP Supervisory Board as a member the same year and has been a competent contact person and trusted advisor to me in all matters ever since. Dear Bernard, thank you for the time we share together, and thank you for your valuable contribution to so many important Supervisory Board discussions and decisions. You will always remain a part of SAP's heritage by virtue of Business Objects. Dear shareholders, finally, in anticipation of today's agenda, a personal matter. As previously mentioned, I am standing for re-election as a member of the Supervisory Board again today. I am, of course, aware that this decision has also drawn criticisms from certain quarters. So in response, I'd like to once again explain the reasons for my decision here. Handing over my position as Supervisory Board Chair to the right person is a very important and, let me also say, emotional task for me, one that I have been working on for quite some time now. We had, in fact, already shortlisted a potential successor, but unfortunately, no longer able to consider this person due to health reasons. We are therefore now working on a new solution, which is why I, together with the Supervisory Board, have decided to stand for re-election for a further two years again. I'd like to spend that period deciding with the Supervisory Board colleagues on my successor and facilitating a smooth handover. We are currently discussing the specifics of the requirements profile within the nomination committee, and I very much hope we can win a member of the Supervisory Board for this role so that we do not have to seek a candidate from outside. You can already tell that I'm preparing for an orderly handover by the fact that I'm withdrawing more and more from my role as chairperson of key committees and delegating these tasks to other members of the Supervisory Board, such as in the case of the personnel and governance committee and the nomination committee. What's more, the introduction of a so-called Lead Independent Director means that in addition to myself as Supervisory Board chairperson, we will have an additional Supervisory Board member, Friederike Rotsch, participating in key decisions with our investors going forward. I therefore kindly ask you for your continued support by re-electing me today. Thank you. Ladies and gentlemen, I now call on SAP CEO Christian Klein to address you. His speech was published on May 11 on our Annual General Meeting website. Yeah. Dear fellow shareholders and colleagues, change. There's hardly any other word that describes 2021 better. One year ago, when I stood here, I hoped that this year we would be able to meet in person again. Yet, despite all advances to date, the pandemic isn't over. Your health and safety continue to have absolute priority. Climate change often seems far removed from our daily lives. Many of us experienced the effects of it firsthand last summer during the floods. And then came the unjustified war, an attack on democracy. Our thoughts go out to all those who have been affected. Dear shareholders, change is the new reality. Nothing is standing still. The same goes for SAP. We need to keep pace. To do that, we need three things: stability, reliability, and agility. I'd like to show you today how you can count on SAP for all three. I want to show you today that SAP is stable and provides stability to others, that SAP is a reliable partner, that SAP adapts to change and helps others do so as well, and I'd like to show you that SAP stands for innovation, that SAP is fit for the future, that SAP can help make the world run better. Let us begin by reflecting on the year that was and then look at the current situation and what the future holds in store. 2021 was an outstanding year for SAP and a year of change. Record growth in the cloud. We exceeded our cloud and software revenue outlook, the same for the adjusted operating income, and customer satisfaction continued to increase. We see our strategy is working. Cloud revenue up 19%, once again our most important growth driver. It already accounts for 1/3 of our revenue. In 2022, cloud revenue will surpass our software support revenue for the first time, thus becoming our biggest source of revenue, and that number continues to rise sharply. Current cloud backlog over the next 12 months up 25%-26%. Total revenue up 3%. Adjusted operating income up 1%. Operating cash flow, an indicator of whether a company can finance important investments from internal resources, EUR 6.22 billion. Free cash flow EUR 5.05 billion. SAP stock up 16.5%, slightly ahead of the DAX. Market capitalization EUR 153.4 billion. With that, we ended the year as the second most valuable company in the DAX 40, and we still are today. These are excellent figures for a year of change, even if we're not quite where we want to be, especially when I look at our share price. I'd like to thank our 100,000, 110,000 colleagues worldwide once again for our excellent results in 2021. They are what brings us forward and makes our success possible. Our success is both a team effort and a team result. And the fact that we can say today that our strategic transformation is working and we are on the right path, this certainly wouldn't have been possible without Luka Mucic. Luka, for the past 26 years, you've been one of the driving forces behind this company. I want to thank you for your dedication and invaluable contribution. And I'm extremely delighted that we can continue this close cooperation until your departure next year. Dear shareholders, as always, you too should benefit from our successful year. We propose a dividend today of EUR 2.45 per share. That's an increase of around 32%. It includes a special dividend of EUR 0.50 per share to celebrate our 50th anniversary. At the end of April, we completed the share buyback program we had announced in January. The repurchased shares are mainly being used for the share-based compensation of our employees. This helps ensure that their interests are closely aligned with those of our shareholders. 2021 was yet another extraordinary year. The past months have been a time of adversity for all of us, a challenging time: pandemic, climate crisis, war in Ukraine. We are helping our customers through these difficult times and are still in the midst of a transformation ourselves. That we nevertheless achieved such outstanding results makes me incredibly proud. And it shows that we are well on our way to achieving our 2025 ambition. 2021 was just the beginning. We want to continue to grow, and we will continue to grow. We have everything we need to do it: the right strategy, a focus on innovation, the broadest product portfolio, a strong customer base, reliable partners, and colleagues who give their best every single day. Dear shareholders, 2022 is a special year for SAP. We're celebrating our 50th anniversary, a milestone in German technology and innovation. It is also a decisive year in our own transformation, a year in which we want to migrate our core business even more swiftly to the cloud, a year in which we want to concentrate even more strongly on cloud success. Our shift into the cloud is for the long term. But 2022 is not just another year of transition. It marks a turning point as well. We have revamped our business model away from upfront one-time payments toward recurring revenues business. This approach will initially dampen total revenue. At the same time, we're investing, which will result in a stagnating to slightly declining operating profit. This is something we've always said, but after this, we'll have tailwind. The first quarter in 2022 is the best proof of this. We've boosted our growth even further. Our numbers are increasing. It shows how relevant our solutions are and how much potential our portfolio has. Because we're not just number one in ERP, that is, the software that customers need to steer their processes from procurement and logistics to accounting. We're also a leading provider of software for supply chains, procurement, travel expense management, and corporate planning. We are helping our customers reinvent themselves and to be successful in an ever-changing world while driving our own transformation forward. Despite the effects of the war in Ukraine, in April, we confirmed our outlook for 2022 for revenue, for profit, and cash flow. We expect double-digit growth as early as 2023, first in adjusted operating income, then in total revenue. This strong growth will continue through 2025 and beyond. We are convinced of that. We are where we need to be to get the job done, which is why we have also reiterated our 2025 forecast. Dear shareholders, for more than 50 years now, SAP has been revolutionizing the way enterprises operate. We want to continue building on this heritage because we want to deliver on our promises, to equip our customers for the challenges of today and tomorrow, to continue growing for you, for our customers, and for SAP. And we want to set ourselves apart from the competition with innovation. This is why our strategy focuses on three key objectives. First of all, intelligent and sustainable enterprises. We're helping our customers transform to becoming sustainable, intelligent businesses. Let's see what this means. We want to help our customers. We want to get them in a better position. I'm head of the operations in LSBG. We maintain, keep, and build streets, bridges, and waterways. When we heard that we need to do this job, we started from scratch and we started thinking that if we really want to have an efficient process, it would make sense to have one that is end-to-end, fully integrated. The software solution, as we're using it today, is used when we take stock at different locations. This then goes to work scheduling, and the colleagues can then evaluate what damage occurred, where they are, and then they turn these damage reports into jobs. Later then, this goes to the invoicing department, also supported by software, and then into accounting and controlling. We have a problem here with the elastic joint. We've recorded the damage, and this is going to be fed into the system. I think it's time to develop further and to become a service provider, people who know what they want. We are starting to scale up, and this means that we'll have large data quantities, more users, more people using the systems, and this means it has to be scalable structurally. We believe that sensors in buildings are the future. They will take workload off people. Not everywhere. You'll always need people, but we'll be able to intervene or interfere minimally invasively because we have more data we can use. That's the advantage. The State Office for Roads, Bridges, and Waterways, LSBG in Hamburg, intelligent, sustainable, and powered by SAP. Dear shareholders, as I said earlier, change is the new reality. This applies to all of us, and it applies also to enterprises. But what to do when the world is in constant flux? The answer is as simple as it is complex. Even companies need to evolve with the time. RISE with SAP helps our customers do just that. RISE with SAP makes complex things simple. Customers can introduce and implement our products faster and easier, move into the cloud, and adapt their business processes to the digital world at the same time. For example, through analyses that help them streamline their sales or procurement practices to better understand their processes and improve them. Take Randstad, for example. The staffing company is redesigning its entire process landscape and has chosen RISE with SAP to do so. Its goal? To push the digital transformation of Randstad forward, to lead the way in the HR services industry, to automate even more processes, for example, order acceptance and accounting, so that employees have more time for the things that make Randstad so special: customer care. RISE with SAP is a holistic package containing everything customers need to reinvent themselves: innovative software, technical aids, a single contract. No matter where our customers are on their digital journey, we are on hand to provide the right solutions. The ability to constantly adapt to new contexts, RISE with SAP makes it possible. Comprehensive, agile, simple, and yet as individual as the companies that use it. A single package from a single source. Only SAP can offer that. The huge resonance shows RISE with SAP is exactly what our customers need. This is reflected in the customer satisfaction score as well, which has increased for the second consecutive year. At the same time, RISE is the growth driver at SAP. Not only is RISE boosting sales of our ERP SAP S/4HANA Cloud system, it is helping us sell additional innovations at the same time. Every deal we close by way of RISE increases our per-customer revenue by a factor of 2.5. At the heart of this, our SAP Business Technology Platform. Customers can use it to integrate and extend their various programs easily and safely, thanks to a standard data model and security concept. And this further highlights the strengths of our cloud solutions. For instance, customers introducing SAP S/4HANA Cloud can at the same time improve their customer relationship management, HR situation, or procurement practices. So you see, RISE with SAP is having a positive impact on our entire portfolio. Let's turn to the second objective of our strategy. You've probably all stood in front of empty shelves at the supermarket some time ago in the past two years, or you ordered a new car or a new computer, and then the dealer told you that the delivery period would be long. The reason for this is disrupted supply chains. We believe that companies are only as resilient as the partners they work with. And that is why we bring them together in the world's largest business network in the cloud, a social network for enterprises. Millions of companies in over 190 countries are already participating. Every trading partner can collaborate with others across all supply chains and react to disruptions in real time. Let's stick to our supermarket example. If demand goes up or supply goes down, the supplier can adjust their procurement quantities instantly on the fly to see what's in stock or they can deliver or what they can deliver on time. Here's another example. Our business is currently benefiting the people in Ukraine as well. Humanitarian organizations, for example, have access to millions of companies free of charge. They can specify what they need most urgently and find the suppliers who can deliver those goods. More than 3,500 suppliers have offered to help procure more than $125 million worth of relief items, including 300,000 first aid kits. How does that work in practice? Let's have a look. The war in Ukraine is leaving a trail of devastation. Disrupted supply chains, no medical goods supplied, destroyed hospitals, and here, an organization has been set up to support the medical supplies industry in Ukraine. In only three weeks' time, they implemented a cloud solution that uses the SAP Business Network to find suppliers to supply urgently needed goods quickly. The SAP Business Network can help procurement of medical supplies in Ukraine to enter immediately what they need. The system offers suppliers and donors the option to have complete transparency to provide goods, medical goods that comply with the legislation. In 190 countries, suppliers can see what is needed and offer help. In the first 15 hours, more than 300 suppliers offered their help through the platform. That figure has increased tenfold by today. The SAP Business Network also includes a procurement system that does purchasing processes like the internet platforms that we use every day as consumers. The first donation of 400 vacuum sealing machines and 10,000 kits for low-pressure therapy, all that is already on the way. A great team success, enabling people to provide humanitarian aid where it's urgently needed quickly. Now for the third part of our strategy. We are committed to a sustainable world together with our customers and partners because climate change is there. We need to act right now, and we have to start with ourselves. SAP wants to lead by example and become carbon neutral in our own operations by the end of 2023, two years earlier than planned. Starting 2025, SAP will add only zero emission vehicles to its car fleet. Our aim is to achieve net zero along our entire value chain by 2030, and to that end, we're working with carbon neutral suppliers using best-in-class data centers with sustainable programming and investing in nature-based removal projects aimed at neutralizing residual carbon emissions, but our lever, our influence is much greater. Our solutions help keep the world's most mission-critical and energy-intense processes up and running. Our customers accounted for 87% of total global commerce. For the past 50 years, SAP has been helping customers manage their top and bottom lines, and now we're doing the same for their green line. Just recently, I spoke with one of the world's largest car manufacturers and learned that they don't know the carbon footprint of their products because they don't have transparency in their supply chain. In fact, more than 80% of the carbon footprint in the production of a vehicle is not created by the manufacturer itself, but rather through the activities of other partners in the supply chain, so you see, having ambitious goals is not enough. You also need to know how to achieve them, and this is where SAP comes in. We enable our customers to embed sustainability seamlessly in their business operations. We have made this new dimension of sustainability the standard in our offerings. We depict the entire carbon footprint of a product end-to-end, transparent, comparable. Only SAP can offer that. But remember, sustainability is more than just climate protection. That's why our solutions also help promote diversity, safeguard human rights, and foster more humane working conditions. Because today's companies are concerned about more than just maximizing their profit. Successful companies create value for everyone, for the shareholders, the customers, the employees, society, and the environment. This is what we do. We help people from underserved groups acquire digital skills. We develop educational concepts for young people together with UNICEF. We have joined Generation Unlimited as a founding member to provide over 500 million young people with access to training. We support nonprofits and social enterprises. We form partnerships. We develop joint solutions for our most pressing challenges, and here too, we see our people make us what we are. They don't hesitate long to help with ideas with active engagement. They go to work, and we bring to the table what we do best, our technology. We contributed to the fight against COVID-19 by helping 17 of the 20 largest vaccine producers. In addition, our Corona-Warn-App has warned over 116 million users, playing a decisive role in breaking infection chains. The app is now available in the Ukrainian app store as well, enabling refugees to prove their vaccination status and enter Germany more easily. Dear shareholders, we are just as shaken by this war in Ukraine as you are. We took early action in response by shutting down all new and cloud business in Russia and Belarus. Existing cloud contracts with Russian customers will not be extended when they expire. Most of our customers there have purchased our software as licenses, which they run themselves. We cannot turn these off at the push of a button. It's like having a car. People in Moscow still drive German cars, even though the manufacturers have stopped sales there. However, we have decided to withdraw completely and in an orderly fashion from Russia. We are currently working on the various options. There's much more at stake here than just business. We have supported employees who were willing to and able to flee Ukraine financially and logistically. We have already donated over EUR 4 million in humanitarian aid to date. We have offered to turn our office space into warehouses and refugee shelters. Our colleagues are rolling up their sleeves to help where needed, driving to the borders, transporting food and relief items to the crisis region, taking refugees to safety and connecting volunteers, organizing airlifts, offering free daycare for the children. Their willingness to help knows no bounds, and I'm deeply impressed by the commitment our fellow colleagues have shown. Yet here too, we knew our technology could help to register refugees, coordinate volunteers, and their tasks to provide support. We are currently working with the Ukrainian government to get relief items delivered faster. We've just seen how our business network is helping on the ground. But we also want to help Ukrainian refugees by matching them with job vacancies across our network of global offices and ensuring they get onboarded as quickly and smoothly as possible. Dear shareholders, change, it's the word I began my speech with, and it's the word I want to end it with. Yes, the world is changing faster and faster. Never have our challenges been this many, nor so great. But I'm convinced our opportunities have never been greater either. In the past few years, we have seen what's possible when we work together, when we help where it is needed most, serve those in distress, tackle challenges together. Because together, we achieve more than going it alone. We can reinvent entire economies. We can reimagine our collaboration. We can make the world better, more connected, more sustainable, and more just, create value for all stakeholders, not leaving anyone behind. I hope I've been able to show you today that we have everything it takes to do our bit. Count on us because you can rely on SAP. 50 years and still going strong. SAP has never been more relevant than today. Our solutions help our customers rise up to their challenges today and in the future. We are helping them become intelligent, connected, and sustainable enterprises. Because SAP is reinventing itself, SAP is changing, and we are helping others to do the same. Thank you very much. Thank you, Christian. I am now calling on top of agenda item one, all other agenda items, including agenda items 2 to 9, which you can find in the Bundesanzeiger and on our website, and which also contains the management proposals. Your screen is now showing an overview of agenda items for today's annual general meeting. To mark the company's 50th anniversary, we propose today that an increased dividend of EUR 2.45 per share be paid from SAP's 2021 earnings. This increase includes a special dividend of EUR 0.50 per share. At this point, I should like to point out that due to our shareholder buyback program, the capital stock carrying dividend rights decreased as of today. The Executive Board and the Supervisory Board, as announced in the invitation, amended their resolution proposal on the appropriation of retained earnings with regard to the total dividend amount, while the distribution of EUR 2.45 per share remains unchanged. At today's AGM, the capital stock carrying dividend rights amounts to 1,169,574,577 shares. The amended resolution proposal of the Executive Board and the Supervisory Board is as follows. The retained earnings for fiscal year 2021 in the amount of EUR 10,961,034,140.55, as reported in the annual financial statement, are to be appropriated as follows. Payment of a dividend in the amount of EUR 1.95 and of an additional dividend of EUR 0.50, totaling EUR 2.45 per no-par-value share carrying dividend rights. This is a total payout of EUR 2,865,457,713.65. Transfer to other revenue reserves amount to EUR 0.00. Carry forward of remainder to new accounts, EUR 8,095,567,426.90. This amended resolution proposal was published on the SAP website and can be found in the AGM section. When we come to the voting, the vote on agenda item two relates to the adjusted version of the proposal that has just been read out. In addition to the two agenda items concerning the fiscal year and the election of the auditor for 2023, we also propose the election of a new auditor for 2023. SAP is legally obliged to change its auditor regularly. BDO is the proposal for the new auditor, and this allows us to plan better for the future. This is how we want to make sure a seamless transfer. In addition, we are presenting our compensation report for formal approval this year for the first time in compliance with the new provisions of ARUG II requiring such a vote by shareholders. Likewise, standing for re-election to the Supervisory Board today are Dr. Rouven Westphal and Dr. Gunnar Wiedenfels. Both have assumed important tasks on our Supervisory Board and have contributed significantly to the further professionalization of our work. Gunnar Wiedenfels as chairperson of the Audit and Compliance Committee and Rouven Westphal as chairperson of the Finance and Investment Committee. Jennifer Li is standing for election to the Supervisory Board today for the first time as Bernard Liautaud's successor. As Jennifer Li is unable to introduce herself personally, she has prepared a short video instead. Hello, I'm Jennifer Li. I'm a founding partner of Changcheng Investment Partners. It's a great honor and pleasure to be nominated to be SAP's Supervisory Board member. Now a little background on myself. I came from the technology and industrial sectors with a specialty in finance. I was a CFO of Baidu, the Chinese language search engine company. For over 10 years, I oversaw Baidu from a small internet company to a technology powerhouse. Before Baidu, I had a global career with General Motors, having worked in the U.S., Canada, Singapore, and China. In addition to these executive roles, I have served on a few public company boards. These are companies in the technology, industrial, consumer, and financial services sectors and are based in the U.S., Europe, and Asia. SAP is a world-renowned technology company with a fascinating history. In this new age of the smart and connected world, SAP plays a vital and innovative role to help the world run better. Having first-hand experiences as customers of technology services, as well as having worked in the technology field, I believe in SAP's value proposition and its future. This is a transformative time. I see tremendous opportunities ahead for SAP. I will look forward to your support, and I look forward to working with management and the Supervisory Board in making the company better and serving its customers and businesses. We hope that this video has helped convey an initial personal impression of Jennifer Li. For more information about all the candidates standing for election today, please see our homepage and the invitation to this meeting. Finally, you will be asked today to vote on an amendment to Supervisory Board compensation. Specifically, we are proposing to adjust committee compensation to account for the fact that the work of our committees has increased significantly since the last adjustment of Supervisory Board compensation in 2015. The proposed increase would bring such compensation in line with DAX market standards. We ask for your approval of this proposal as well. Ladies and gentlemen, before we turn to the questions submitted by shareholders, I would like to remind you once again of the different options for exercising your voting rights during this virtual Annual General Meeting. As explained earlier, you can still submit or change your votes for the individual agenda items during the course of this meeting. To do so, you can use the password-protected shareholder portal and either appoint and instruct the proxies designated by the company, change your proxy appointments, or submit your votes electronically. Please note that we will close the corresponding functions and the shareholder portal shortly after all the shareholders' questions have been answered. Allow me to remind you once again that shareholders also have the opportunity to ask follow-up questions this year. The corresponding function has now been activated in our password-protected shareholder portal and will be available until all questions submitted prior to the meeting have been answered. Shareholders who have submitted questions in advance may follow up on the answers we give to those questions during the meeting using the shareholder portal. Note, however, that you may only ask follow-up questions relating to your own previously submitted questions. If you wish to send us a follow-up question, please do so as soon as possible after we have answered your original question. Ladies and gentlemen, following these preliminary remarks, let us now turn to the questions submitted by shareholders and shareholder representatives before the meeting.