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Q2 2014 Earnings Call – Shell

Shell · Jul 31, 2014 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q2 2014 Earnings Call – Shell – slide 1
    BALANCING GROWTH & RETURNS SECOND QUARTER 2014 RESULTS 31 JULY 2014 ROYAL DUTCH SHELL PLC Copyright of Royal Dutch Shell plc 31 July, 2014 1
  2. Q2 2014 Earnings Call – Shell – slide 2
    BEN VAN BEURDEN CHIEF EXECUTIVE OFFICER ROYAL DUTCH SHELL PLC Copyright of Royal Dutch Shell plc 31 July, 2014 2
  3. Q2 2014 Earnings Call – Shell – slide 3
    2014 PRIORITIES Returns and cash flow Improve our financial Competitive returns for shareholders performance Enhance our Take hard choices on new options capital efficiency Increase asset sales Reduce pace of growth…
  4. Q2 2014 Earnings Call – Shell – slide 4
    DRIVING PERFORMANCE IN SHELL Performance units New shareholding requirements Drive bottom line focus Credible, competitive and affordable plans CEO 7 x base pay Drives decisions on spending + divestment Individual performance…
  5. Q2 2014 Earnings Call – Shell – slide 5
    IMPROVE FINANCIAL PERFORMANCE H1 2014 OUTCOME Earnings + ROACE Cash flow billion % billion billion Upstream Corporate/Other Downstream ROACE (RHS) CFFO CFFI Free cash flow (RHS) Dividend + buy-back billion Balancing returns +…
  6. Q2 2014 Earnings Call – Shell – slide 6
    IMPROVE FINANCIAL PERFORMANCE OIL PRODUCTS Addressing underperforming portfolio Downstream CFFO + ROACE billion % Selective Growth: Chemicals China LNG for transport Premium fuels + lubes Refinery crude flexibility others…
  7. Q2 2014 Earnings Call – Shell – slide 7
    IMPROVE FINANCIAL PERFORMANCE NORTH AMERICA RESOURCES PLAYS Liquids rich shales (LRS) Redefining growth + reducing cost Dry gas Gas/LRS Maintain / Grow: Groundbirch Gas monetization options W. Canada gas + integration Deep…
  8. Q2 2014 Earnings Call – Shell – slide 8
    ENHANCE CAPITAL EFFICIENCY Take hard choices on new options 2014+ Asset sales / license expiry More selectivity: FIDs 500 million Wheatstone LNG require CEO approval at FEED BC-10 dilution Maturing new projects: LNG, deep-water…
  9. Q2 2014 Earnings Call – Shell – slide 9
    DELIVER NEW PROJECTS 2014 START-UPS Mars B February 2014 start-up Mars B production ramp-up progress kboed Shell 72%, 100 kboe/d Cardamom: H2 2014 start-up Gumusut-Kakap: H2 2014 start-up Shell 100%, 50 kboe/d Shell 33%, 135…
  10. Q2 2014 Earnings Call – Shell – slide 10
    CONVENTIONAL EXPLORATION PORTFOLIO + THEMES Conventional Exploration spend 2014 Time to Prospect 4 billion development Size (years) (million boe) 15+ 500 Arctic Frontier 10+ 250 Under explored basins Heartlands 3+ 50-250…
  11. Q2 2014 Earnings Call – Shell – slide 11
    CONVENTIONAL EXPLORATION PROGRESS DELIVERY H1 2014: EXAMPLES Malaysia, Block SK318 Malaysia, Block SK408 GOM, Rydberg Deep Doo Sung rig Gorek-1 3D Noble Globetrotter 1 Rosmari gas discovery 4 near field gas discoveries in…
  12. Q2 2014 Earnings Call – Shell – slide 12
    SIMON HENRY CHIEF FINANCIAL OFFICER ROYAL DUTCH SHELL PLC Copyright of Royal Dutch Shell plc 31 July, 2014 13
  13. Q2 2014 Earnings Call – Shell – slide 13
    Q2 2014 FINANCIAL HIGHLIGHTS Earnings Q2 2013 to Q2 2014 Earnings Q2 2013 to Q2 2014 billion Q2 Q2 Environment Choice 2013 2014 billion UPSTREAM 3.5 4.7 DOWNSTREAM (CCS) 1.2 1.3 CORPORATE & MINORITIES -0.1 0.1 CCS NET EARNINGS…
  14. Q2 2014 Earnings Call – Shell – slide 14
    UPSTREAM PERFORMANCE Q2 2014 Earnings + cash flow Exploration expense billion billion (pre-tax) Upstream International Upstream Americas Upstream International Upstream Americas Cash flow from operations (RHS) Oil and gas…
  15. Q2 2014 Earnings Call – Shell – slide 15
    DOWNSTREAM PERFORMANCE Q2 2014 Earnings Cash flow billion billion Oil Products Chemicals CFFO excl w/c movements CFFO Working capital movements Availability and sales volumes % Sales volume Q3 Q3 OUTLOOK: Similar refinery…
  16. Q2 2014 Earnings Call – Shell – slide 16
    CASH FLOW AND PAY-OUT Cash generation Dividend track record billion, Q214 4Q rolling billion DOWN STREAM UP STREAM Cash flow from Dividend and buy back 12 months Dividends declared rolling operations Net cash used in…
  17. Q2 2014 Earnings Call – Shell – slide 17
    FINANCIAL FRAMEWORK KEY DRIVERS Organic free cash flow drives dividend A+D supports portfolio growth billion (cash basis) billion (cash basis) Organic free cash flow Cumulative organic FCF surplus (deficit) Divestments Cumulative…
  18. Q2 2014 Earnings Call – Shell – slide 18
    FINANCIAL FRAMEWORK TRACK RECORD Balancing financial framework over time billion Free cash flow Cumulative surplus (deficit) of free cash flow over dividend and buybacks Cash dividend and buybacks Free cash flow: cash flow…
  19. Q2 2014 Earnings Call – Shell – slide 19
    COMPETITIVE PERFORMANCE: BALANCING GROWTH AND RETURNS 4Q ROLLING Q2 2014 Cash flow from operations Free cash flow billion billion Q2 2014 2014 Shell Peer group ROACE underlying % Tracking Shells competitive…
  20. Q2 2014 Earnings Call – Shell – slide 20
    BEN VAN BEURDEN CHIEF EXECUTIVE OFFICER ROYAL DUTCH SHELL PLC Copyright of Royal Dutch Shell plc 31 July, 2014 21
  21. Q2 2014 Earnings Call – Shell – slide 21
    2014 PRIORITIES Q2 2014 DELIVERY Q214 CCS earnings 6.1 billion; CFFO 8.6 billion Improve our financial Restructuring in Oil Products + North America resources plays performance Expecting 30 billion distributions to shareholders…
  22. Q2 2014 Earnings Call – Shell – slide 22
    QUESTIONS & ANSWERS SECOND QUARTER 2014 RESULTS Copyright of Royal Dutch Shell plc 31 July, 2014 23
  23. Q2 2014 Earnings Call – Shell – slide 23
    BALANCING GROWTH & RETURNS SECOND QUARTER 2014 RESULTS 31 JULY 2014 ROYAL DUTCH SHELL PLC Copyright of Royal Dutch Shell plc 31 July, 2014 24

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