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4Q 2016 Results – Shell

Shell · Feb 2, 2017 · 41 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. 4Q 2016 Results – Shell – slide 1
    Fourth quarter 2016 results Re-shaping Shell, to create a world-class investment case Royal Dutch Shell plc February 2, 2017 makethefuture Royal Dutch Shell February 2, 2017
  2. 4Q 2016 Results – Shell – slide 2
    Ben van Beurden Chief Executive Officer Royal Dutch Shell Royal Dutch Shell February 2, 2017
  3. 4Q 2016 Results – Shell – slide 3
    Key messages RE-SHAPING PORTFOLIO MANAGING THE SHELL PRIORITIES DOWN-CYCLE Create a world class Cash engines Pulling levers to manage investment case financial framework todays free cash flow Grow free cash flow per Re-set our costs…
  4. 4Q 2016 Results – Shell – slide 4
    Transition 2016 + delivery 2017+ Business mix underpins results Downstream + Integrated Gas offsetting Upstream World-class Underlying CCS earnings 2016 7 billion investment case FCF/share + ROCE growth CFFO 2016 21 billion Leader:…
  5. 4Q 2016 Results – Shell – slide 5
    Re-shape Shell Cash engines: Growth priorities: Future opportunities: Driving strategy today 2016+ 2020+ in multiple time Funds dividends + balance sheet Cash engines 2020+ Material value + upside horizons Affordable growth in…
  6. 4Q 2016 Results – Shell – slide 6
    Reduce Reduce Deliver Divestments capital investment operating costs new projects Re-shape Shell Showa Shell SADAF JV exit UK North Sea assets Divestments progress: Gaining momentum Showa Shell Sekiyu K.K. Kawasaki Refinery, SADAF…
  7. 4Q 2016 Results – Shell – slide 7
    Reduce Reduce Deliver Divestments capital investment operating costs new projects Capital investment Re-shape Shell billion 2016 2017E 2018 Capital billion Oil products 4 4 3-4 discipline, -20 billion supporting Conventional…
  8. 4Q 2016 Results – Shell – slide 8
    Reduce Reduce Deliver Divestments capital investment operating costs new projects Re-shape Shell 2016: Moving quickly on office footprint x Oslo Prince Rupert Aberdeen x x Stavanger Kitimat Manchester x x Calgary Reading x x…
  9. 4Q 2016 Results – Shell – slide 9
    Reduce Reduce Deliver Divestments capital investment operating costs new projects Portfolio priorities Delivering growth now Schiehallion redevelopment Kashagan 125 kboe/d 300 kboe/d Shell 17% Shell 55% Q4 2016 Scotford HCU…
  10. 4Q 2016 Results – Shell – slide 10
    Re-shape Shell 2013-15 90 2016 44 2019-21 60 Financial performance: Capital employed Free cash flow* ROACE Capital employed Free cash flow* ROACE Capital employed Free cash flow* ROACE On-track ( bln end 15) ( bln p.a) (%)…
  11. 4Q 2016 Results – Shell – slide 11
    Simon Henry Chief Financial Officer Royal Dutch Shell Royal Dutch Shell February 2, 2017
  12. 4Q 2016 Results – Shell – slide 12
    Q4 2016 billion Q4 2015 Q4 2016 Earnings Q4 2015 to Q4 2016 Financial Upstream (1.0) 0.1 billion Environment Choice highlights: Integrated Gas 1.2 0.9 Strong cash Downstream (CCS) 1.5 1.3 performance Corporate & non-controlling (0.2)…
  13. 4Q 2016 Results – Shell – slide 13
    Q4 2016 Earnings and billion billion cash flow momentum Earnings Cash flow from operations excluding working capital Cash flow from operations excluding working capital - 4 quarters rolling (RHS) Earnings on CCS basis,…
  14. 4Q 2016 Results – Shell – slide 14
    Preliminary results 2016 Reserves performance Reserves performance SEC proved 2016 RRR 208% Billion boe reserves position 2014-16 RRR 81% BG Feb16 2.4 billion boe Reserves life at end 2016 9.6 years (billion boe) 2015 2016 Avg…
  15. 4Q 2016 Results – Shell – slide 15
    Integration with BG Increasing production Synergies BG BG portfolio Thousand boe per day +30% billion 4.5 is delivering 4.0 2.8 Conventional oil + gas LNG Deep water Costs Exploration Queensland LNG Brazil pre-salt T2 start…
  16. 4Q 2016 Results – Shell – slide 16
    Re-shape Shell Integrated Gas Sakhalin from growth Sabine Pass priority to cash QG-4 Oman engine Atlantic LNG Nigeria Equatorial Malaysia Brunei Global LNG Guinea Equity capacity Peru LNG Long-term offtake agreement Gorgon…
  17. 4Q 2016 Results – Shell – slide 17
    Improving our Portfolio change Earnings + ROACE Downstream billion % footprint and Backbone / grow: Chemicals performance China LNG for transport Premium fuels + lubes Refinery crude flexibility others 2016: Fix:…
  18. 4Q 2016 Results – Shell – slide 18
    Deep water: Deep water growth Growing now Thousand boe per day 2016 delivery good progress to 2020 production growth to 900 kboe/d Reducing break-even: new projects less than 45/bbl Brazil pre-salt well below 40/bbl Structural…
  19. 4Q 2016 Results – Shell – slide 19
    Americas shales: Material discovered + prospective resources 11 Growth to come Western Canada Gas billion boe 25% liquids, 75% gas Western Canada LRS Fox creek Appalachia Selective acceleration of liquids development Capital…
  20. 4Q 2016 Results – Shell – slide 20
    Manage down-cycle Cash flow 1 2 3 priorities 2016-18 Priorities Buybacks Debt reduction Dividends for cash & capital investment Powerful levers to underpin Reduce capital Reduce Deliver new Divestments financial framework…
  21. 4Q 2016 Results – Shell – slide 21
    Reduce Reduce Deliver Divestments capital investment operating costs new projects Manage down-cycle Divestments 2016-2018 2016-2018 completed + announced ( billion) 2016 Completed Announced 30 billion 2016-18 Upstream 1.5 3.0…
  22. 4Q 2016 Results – Shell – slide 22
    Reduce Reduce Deliver Divestments capital investment operating costs new projects Manage down-cycle Capital investment Predictable high- billion 58 quality investment 47 -20 billion funnel 36 25-30 billion 27 25 Base + short…
  23. 4Q 2016 Results – Shell – slide 23
    Reduce Reduce Deliver Divestments capital investment operating costs new projects Manage down-cycle Underlying operating cost Reduce billion -10 billion operating cost: 10 billion reductions delivered 20% down in 2 years 39 < 40…
  24. 4Q 2016 Results – Shell – slide 24
    Reduce Reduce Deliver Divestments capital investment operating costs new projects Manage down-cycle Shell projects start-ups 2014+ Deliver new Thousand boe per day / mtpa billion projects: Bonga NW Cardamom 10 billion / 15 by…
  25. 4Q 2016 Results – Shell – slide 25
    Manage down-cycle 2016-18 levers Pulling levers to Reduce Reduce Deliver manage Divestments capital investment operating costs new projects financial framework 2015 baseline: 2017-2018 2016 billion Shell + BG potential 39…
  26. 4Q 2016 Results – Shell – slide 26
    Ben van Beurden Chief Executive Officer Royal Dutch Shell Royal Dutch Shell February 2, 2017
  27. 4Q 2016 Results – Shell – slide 27
    Key messages RE-SHAPING PORTFOLIO MANAGING THE SHELL PRIORITIES DOWN-CYCLE Create a world class Cash engines Pulling levers to manage investment case financial framework todays free cash flow Grow free cash flow per Re-set our costs…
  28. 4Q 2016 Results – Shell – slide 28
    Questions & Answers Ben van Beurden Simon Henry Chief Executive Officer Chief Financial Officer Royal Dutch Shell February 2, 2017 29
  29. 4Q 2016 Results – Shell – slide 29
    Fourth quarter 2016 results Re-shaping Shell, to create a world-class investment case Royal Dutch Shell plc February 2, 2017 Lets make the future Royal Dutch Shell February 2, 2017
  30. 4Q 2016 Results – Shell – slide 30
    Q1 Q1 OUTLOOK: Year-ago baseline reflects Shells earnings seasonality Q1 2017 BG fully consolidated, Q116 was 2 months Outlook Integrated gas Earnings negatively impacted by reduction -100 kboe/d Upstream Divestment impact: -45…
  31. 4Q 2016 Results – Shell – slide 31
    Q4 2016 Shell oil & gas realisations Industry refining margins Industry chemicals margins Prices & margins /barrel /mscf /barrel /tonne Oil US West Coast US ethane Gas (RHS) US Gulf Coast coking Western Europe naphtha Rotterdam…
  32. 4Q 2016 Results – Shell – slide 32
    Q4 2016 Earnings Q4 2015 to Q4 2016 Upstream results billion Environment Choice Earnings on CCS basis, excluding identified items Royal Dutch Shell February 2, 2017 33
  33. 4Q 2016 Results – Shell – slide 33
    Q4 2016 Earnings Q4 2015 to Q4 2016 Integrated Gas billion Environment Choice results 2.0 1.0 0 Earnings on CCS basis, excluding identified items Royal Dutch Shell February 2, 2017 34
  34. 4Q 2016 Results – Shell – slide 34
    Q4 2016 Earnings Q4 2015 to Q4 2016 Earnings mix Downstream billion billion results Marketing Chemicals Refining & Trading Earnings on CCS basis, excluding identified items Royal Dutch Shell February 2, 2017 35
  35. 4Q 2016 Results – Shell – slide 35
    Q4 2016 Upstream + Integrated Gas oil & gas LNG liquefaction volumes Oil and gas Million boe per day Million tonnes production 4.00 Choice: +31% 3.75 3.50 3.25 3.00 2.75 Royal Dutch Shell February 2, 2017 36
  36. 4Q 2016 Results – Shell – slide 36
    2016 Earnings 2015 to 2016 Earnings Q4 2015 to Q4 2016 Financial billion billion highlights Earnings on CCS basis, excluding identified items Royal Dutch Shell February 2, 2017 37
  37. 4Q 2016 Results – Shell – slide 37
    Financial Gearing Free cash flow per share dashboard % /share ROACE Total shareholder return % % 3-years: 2014 - 2016 % 2016 Shell Peer group Competitive financial data as published. Free cash flow: cash flow from operations…
  38. 4Q 2016 Results – Shell – slide 38
    Q4 2016 billion Q4 2016 2016 2016 Full year Sources and Beginning cash 20.0 31.8 billion uses of cash Earnings 1.6 4.8 Depreciation 6.6 25.0 Working capital / other 1.0 (9.2) Divestments 3.0 4.7 Capex / other investment (6.1)…
  39. 4Q 2016 Results – Shell – slide 39
    Projects under Start up Project Country Shell share Peak LNG 100% Products Legend Theme Shell construction (direct & Production Capacity mtpa Operated indirect) % 100% kboe/d 2017-18 Baronia / Tukau Timur Malaysia 40 65 Conventional…
  40. 4Q 2016 Results – Shell – slide 40
    Pre-FID options Phase Project Country Shell share Peak LNG 100% Products Legend Theme Shell (direct & Production Capacity mtpa Operated indirect) % 100% kboe/d Select Bonga Main Integrated Redevelopment Nigeria 55 112 Deep water…
  41. 4Q 2016 Results – Shell – slide 41
    Royal Dutch Shell February 2, 2017

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