Second quarter 2017 results Re-shaping Shell, to create a world-class investment case Royal Dutch Shell plc July 27, 2017 makethefuture Royal Dutch Shell July 27, 2017
Ben van Beurden Chief Executive Officer Royal Dutch Shell Royal Dutch Shell July 27, 2017
Summary Q2 2017 - cash momentum Underlying CCS earnings 3.6 billion CFFO 11.3 billion Q217 dividend 0.47 per share World-class investment case FCF/share + ROCE growth Re-shaping Shell - on track Leader: value Conservative…
Q2 2017 Portfolio updates Prelude sail away Brazil first replicant FPSO Schiehallion redevelopment start of production V-Power now in 60 markets differentiated fuels Royal Dutch Shell July 27, 2017 5
Reduce Reduce Deliver Divestments capital investment operating costs new projects Divestments progress: Divestments progress Completed in Q217 25 billion Completed in 2016 & 2017 15 billion Vivo Energy Announced 7 billion April…
Reduce Reduce Deliver Divestments capital investment operating costs new projects Capital investment Capital billion discipline and -20 billion efficiency Appomattox 20% saving compared to investment promise Shell interest 79%…
Reduce Reduce Deliver Divestments capital investment operating costs new projects Reduce Underlying operating expenses FTE in SBOs (thousands) Shell Business Operations (SBOs) operating costs: 7 Shell operated centres billion…
Reduce Reduce Deliver Divestments capital investment operating costs new projects Deliver new Shell project start-ups 2014 through 2018 Select key projects projects: Thousand boe per day / mtpa billion p.a. 10 billion / 15 Mars…
Safety and Availability: Gulf of Mexico, USA Availability: Pernis, the Netherlands Availability: Gumusut, Malaysia operational excellence Use an appropriate Use an appropriate Use an appropriate picture picture picture Proactive…
Jessica Uhl Chief Financial Officer Royal Dutch Shell Royal Dutch Shell July 27, 2017
Q2 2017 billion billion Cash momentum 99/bbl 43/bbl 50/bbl Strong cash flow momentum continued from 2016 into 2017 38bln CFFO (4 quarters Cash flow from operations excluding working capital rolling)…
Downstream Earnings + ROACE Cash flow financial billion % billion performance CFFO excluding working capital Working Capital movement Capital employed 52.5 billion at end Q217 Strong cash generation Competitive…
The worlds largest fuel retailer Most valuable oil and gas brand in the world* *Source: Brand Finance Global 500 Royal Dutch Shell July 27, 2017 15
Q2 2017 Synergies update FTE reductions Synergies billion of FTE (thousands) Additional synergies Shell BG Contracting and Procurement savings billion 2016 2017E 2018E Costs and corporate synergies Synergies target as per…
Q2 2017 Sources and uses of cash 4 quarters rolling Dividend + gearing Cash billion billion % performance and distributions DOWNSTREAM /CORPORATE IG 26.4 UPSTREAM 4 quarters rolling: Cash dividend covered at oil price…
Cash flow priorities 2016-18 1 2 3 Priorities Buy-backs Debt reduction Dividends for cash & capital investment Reduce capital Reduce Deliver new Divestments investment operating costs projects Royal Dutch Shell July 27,…
Q3 2017 Q3 Q3 OUTLOOK: Year-ago baseline reflects Shells earnings seasonality Outlook Integrated gas Gorgon start-up partly offset by higher maintenance: positive impact of 60 kboe/d Upstream Divestment impact: reduction of 190…
Ben van Beurden Chief Executive Officer Royal Dutch Shell Royal Dutch Shell July 27, 2017
World-class investment case Transformation 2013-2015 Q217 2019-2021 average 4Q rolling average ROACE 8% 4.2% 10% Organic free cash flow 5 billion p.a. 16.6 billion 20-25 billion p.a. Brent 90 50 60 Strategy is working…
Questions & Answers Ben van Beurden Jessica Uhl Chief Executive Officer Chief Financial Officer Royal Dutch Shell July 27, 2017 22
Second quarter 2017 results Re-shaping Shell, to create a world-class investment case Royal Dutch Shell plc July 27, 2017 makethefuture Royal Dutch Shell July 27, 2017
Q2 2017 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…
Q2 2017 Earnings Q2 2016 to Q2 2017 Upstream results billion Environment Choice Royal Dutch Shell July 27, 2017 25
Q2 2017 Earnings Q2 2016 to Q2 2017 Integrated Gas billion Environment Choice results Royal Dutch Shell July 27, 2017 26
Q2 2017 Earnings Q2 2016 to Q2 2017 Earnings mix Downstream billion billion results Marketing Chemicals Refining & Trading Earnings on CCS basis, excluding identified items. Royal Dutch Shell July 27, 2017 27
Q2 2017 Upstream + Integrated Gas oil & gas LNG liquefaction volumes Oil and gas Million boe per day Million tonnes production Choice Royal Dutch Shell July 27, 2017 28
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…
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 P KGK…
Reduce Reduce Deliver Divestments capital investment operating costs new projects Divestments Divestments progress Divestments impact progress: Completed in 2016 & 2017: 15 billion UK North Sea assets: announced January 2017 1 25…
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