Q4 2013 Earnings Call – Shell

Shell · Jan 30, 2014 · 26 slides

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Slides

FOURTH QUARTER 2013 RESULTS 30 JANUARY 2014 ROYAL DUTCH SHELL PLC Copyright of Royal Dutch Shell plc 30 January, 2014 1
BEN VAN BEURDEN CHIEF EXECUTIVE OFFICER ROYAL DUTCH SHELL PLC Copyright of Royal Dutch Shell plc 30 January, 2014 3
UNRELENTING FOCUS ON HSSE GOAL ZERO ON SAFETY injuries TRCF/million working hours million working hours 5 900 4 800 3 700 2 600 1 500 0 400 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 Working hours TRCF PERFORMANCE +…
SHELL STRATEGY Unrelenting focus on HSE Technology, integration and scale Disciplined capital investment by strategic theme Growth in cash flow through-cycle Executing a consistent, long term strategy Competitive…
2011-2013 DELIVERY EARNINGS CASH FLOW billion billion 30 60 20 40 10 20 0 0 2011 2012 2013 2011 2012 2013 Upstream Corporate Cash flow from operations Capex -10 Downstream Identified items Asset sales Acquisitions…
COMPETITIVE CASH FLOW + RETURNS CASH FLOW FROM OPERATIONS ROACE billion % 60 30% 50 40 20% 30 20 10% 10 - 0% 2010 2011 2012 2013 Shell Shell peer group peer group DISCIPLINED THROUGH CYCLE INVESTMENT DRIVES…
2014 PRIORITIES Improve our Returns and cash flow financial Competitive returns for shareholders performance Enhance our Hard choices on new projects capital efficiency Increase divestment of non-core assets Reduce pace of…
IMPROVE OUR FINANCIAL PERFORMANCE: RESPONDING TO MARKET DYNAMICS IN OIL PRODUCTS + NORTH AMERICA ONSHORE RESOURCES PLAYS RESTRUCTURING OIL PRODUCTS RESTRUCTURING Northeast BC Deep Basin/Foxcreek LNG Foothills Canada US Rockies…
IMPROVE OUR CAPITAL EFFICIENCY: SHARPENING OUR FOCUS ASSET SALES billion Linnorm Mongstad/Pernis swap 10 Fram Norway downstream reduction Harburg refinery Niobrara Czech refinery Sandwash Basin Ohio Utica Mississippi Lime Italy…
IMPROVE CAPITAL EFFICIENCY: 2014 INVESTMENT PRIORITIES Engines Free cash flow plays Asset integrity + selective growth UPSTREAM DOWNSTREAM Growth Priority Global leadership INTEGRATED DEEP-WATER Strong project flow GAS…
DELIVER NEW PROJECTS: TOP 4 START-UPS 2014 Mars-B Preparing for start-up Subsea systems tie-in Gumusut-Kakap completed. H2 14 start-up Auger facility upgrades Cardamom ongoing. H2 14 start-up Transaction completed Repsol…
LEADING DIVIDEND TRACK RECORD Indexed 2000=100, dividends paid in year 260 Q1 2014 DIVIDEND 0.47/SHARE, +4% 220 SHARE BUY BACK 180 140 100 2000 2005 2010 2013 RDS dividend per share in USD Inflation (US CPI,…
SIMON HENRY CHIEF FINANCIAL OFFICER ROYAL DUTCH SHELL PLC Copyright of Royal Dutch Shell plc 30 January, 2014 14
2013 PERFORMANCE 2013 delivery CCS earnings 19 bln; CFFO 40 bln 7 new start-ups Iraq oil & gas, BC-10 ph 2, North Rankin gas, others Acquisitions to enhance portfolio Repsol LNG, Libra, engines bolt-ons Decisive on portfolio…
2013 FINANCIAL HIGHLIGHTS EARNINGS 2012 TO 2013 EARNINGS 2012 TO 2013 billion 2012 2013 30 billion 5.0 UPSTREAM 20.1 15.1 25 DOWNSTREAM (CCS) 5.3 4.5 0.9 0.1 CORPORATE & MINORITIES (0.2) (0.1) 20 CCS NET EARNINGS 25.3 19.5…
2013 FINANCIAL HIGHLIGHTS EARNINGS 2012 TO 2013 EARNINGS Q4 2012 TO Q4 2013 billion billion 0.8 0.2 0.8 0.7 0.7 1.6 0.1 0.0 0.4 1.6 0.1 0.3 2.4 0.5 20 0.5 4 0.7 5.6 10 25.3 19.5 2 Environment Choice Environment Choice…
OPERATIONAL PERFORMANCE + OUTLOOK UPSTREAM UPSTREAM million boe/day million tonnes Q4-Q4 underlying decline 3%1 4.000 6 Growth from NA LRS, Iraq, Malaysia 4 40 kboe/d Nigeria sabotage Q4-Q4 2.000 95 kboe/d maintenance Q4-Q4 2 0.000…
CASH PERFORMANCE + PAYOUT GROUP 12 MONTHS CASH PERFORMANCE BUSINESS 12 MONTH CASH PERFORMANCE billion billion 60 40 Sources Uses Sources Uses 30 40 20 Sources Uses 20 10 0 0 Upstream Downstream CFFO Capex Dividend Asset…
FINANCIAL FRAMEWORK AND PRIORITIES Priorities for cash CASH PERFORMANCE 1. Debt service CFFO drives investment + payout 2. Dividends: growth policy PAY-OUT INVESTMENT 3. Capital investment: disciplined through cycle growth…
PORTFOLIO DEVELOPMENT 2013 Acquisition / Exit Final Investment Discovery Start-up entry Decision (completed) G/U Phase 2 AOSP debottlenecking Nigeria on-shore TNP loop-line Basrah Gas Company FUTURE asset sales Carmon Creek…
REPSOL LNG ACQUISITION SHELL PORTFOLIO SHELL LNG LEADERSHIP Year end equity liquefaction capacity in mtpa Sakhalin 30 Spain Cove Point Elba QG-4 Baja Hazira Altamira Nigeria Oman 20 Atlantic LNG Malaysia Peru LNG + Brunei…
INVESTING FOR LONG TERM GROWTH TOTAL CAPITAL INVESTMENT FY FY FY 2012 2013 2014E billion billion ORGANIC CAPEX 32 38 35 1 DOWNSTREAM ACQUISITIONS 5 8 2 ENGINES 40 TOTAL CAPITAL INVESTMENT 37 46 37 UPSTREAM 30 INTEGRATED…
BEN VAN BEURDEN CHIEF EXECUTIVE OFFICER ROYAL DUTCH SHELL PLC Copyright of Royal Dutch Shell plc 30 January, 2014 24
2014 PRIORITIES Improve our Returns and cash flow financial Competitive returns for shareholders performance Enhance our Hard choices on new projects capital efficiency Increase divestment of non-core assets Reduce pace of…
QUESTIONS & ANSWERS FOURTH QUARTER 2013 RESULTS Copyright of Royal Dutch Shell plc 30 January, 2014 26
FOURTH QUARTER 2013 RESULTS 30 JANUARY 2014 ROYAL DUTCH SHELL PLC Copyright of Royal Dutch Shell plc 30 January, 2014 27

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