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Management Day – Royal Dutch Shell

Royal Dutch Shell · Nov 28, 2017 · 97 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. Management Day – Royal Dutch Shell – slide 1
    Management Day Delivering a world-class investment case Royal Dutch Shell plc November 28-29, 2017 makethefuture Royal Dutch Shell November 28-29, 2017
  2. Management Day – Royal Dutch Shell – slide 2
    Ben van Beurden Chief Executive Officer Bangkok Thailand Royal Dutch Shell Royal Dutch Shell November 28-29, 2017
  3. Management Day – Royal Dutch Shell – slide 3
    Agenda PLENARY I Ben van Beurden company update Jessica Uhl financial framework PLENARY II Maarten Wetselaar Integrated Gas Andy Brown Upstream John Abbott Downstream Maarten Wetselaar New Energies Q&A BREAK-OUT PANELS…
  4. Management Day – Royal Dutch Shell – slide 4
    Summary Key messages Thrive in the energy Cancel scrip dividend programme from Q4 2017 dividend transition Confirming the plans for share buybacks* Organic free cash flow by 2020**: 25-30 billion per year World-class Grow free…
  5. Management Day – Royal Dutch Shell – slide 5
    Significant changes BG delivered since 27 billion 13,000 early 16 Acquisition Free cash flow* at Fewer staff Completed and fully integrated 51 per barrel 11 9 billion 23 billion Major project start-ups Free cash flow* and 500…
  6. Management Day – Royal Dutch Shell – slide 6
    World-class investment case Transformation 2013-15 17Q3 2019-21 average 4Q rolling average Clarity of ROACE 8% 4.6% 10% purpose Organic free cash flow 5 billion p.a. 17 billion 25-30 billion p.a. Differentiated strategy Gearing…
  7. Management Day – Royal Dutch Shell – slide 7
    World-class investment case FTE reductions Culture change Transformation: of FTE (thousands) Shell Performance unit management Credible, competitive and affordable ways of working BG Accountable leadership Fit for the future…
  8. Management Day – Royal Dutch Shell – slide 8
    Four powerful billion 2017E 2018-20 expectation…
  9. Management Day – Royal Dutch Shell – slide 9
    HSSE Goal zero on safety Spills operational performance Injuries TRCF/million working hours million working hours Volume in thousand tonnes Number of spills TRCF Working hours (RHS) Volume Spills (RHS) Upstream flaring Process…
  10. Management Day – Royal Dutch Shell – slide 10
    Competitive performance ROACE Free cash flow 4 quarters rolling World class % billion investment case Thrive in the energy transition World-class investment Gearing Total shareholder return case % % Since Jan 2015 Since Jan…
  11. Management Day – Royal Dutch Shell – slide 11
    Today by 2020 Investment priorities & Cash engines (FCF 0) strategic intent Funds dividends and balance sheet Competitive and resilient OIL INTEGRATED CONVENTIONAL Strong free cash and returns PRODUCTS GAS OIL + GAS Growth…
  12. Management Day – Royal Dutch Shell – slide 12
    Capital Capital investment Capital investment Capital employed discipline, billion (p.a.) 2018 2020 billion billion % supporting Oil products 4-5 growth Conventional oil + gas 4-5 Integrated gas 4-5 Deep water 5-6 Chemicals…
  13. Management Day – Royal Dutch Shell – slide 13
    2016 2019+ Delivering Schiehallion redevelopment (2017) Pernis Solvent cash flow Clair Ph2 (2018) deasphalting (2018) growth Kashagan (2016) Pennsylvania Chemicals (2019+) Fox Creek (2016-19+) Scotford HCU debottleneck Nanhai China…
  14. Management Day – Royal Dutch Shell – slide 14
    Previous Update** Financial 2019-21 60 June 2016 CMD 17Q3 4Q rolling 51 2019-21 60 performance: On-track Free cash flow* ROACE Capital employed Free cash flow ROACE Capital employed Free cash flow* ROACE ( bln end ( bln…
  15. Management Day – Royal Dutch Shell – slide 15
    Thrive in the energy transition Societal 2015 2070 challenge Increasing population 7 billion 10 billion Increasing energy demand 570 Exajoules 1000 Exajoules Challenge for more Need to reduce CO2 emissions and cleaner energy…
  16. Management Day – Royal Dutch Shell – slide 16
    Thrive in the energy transition Driving to resilience: Annual bonus scorecard Driving to Short-term operational targets resilience GHG metrics 10% of annual bonus scorecard 10% GHG management (Scope 1 and 2) Emissions management…
  17. Management Day – Royal Dutch Shell – slide 17
    Thrive in the energy transition Ambition to reduce Net Carbon Footprint 1 of our energy Ambition for Net Carbon Footprint 1 Ambition Net products by around 20% by 2035 WtW gCO2e/MJ1 Carbon Footprint Covers full range of emissions from…
  18. Management Day – Royal Dutch Shell – slide 18
    Summary Key messages Thrive in the energy Cancel scrip dividend programme from Q4 2017 dividend transition Confirming the plans for share buybacks* Organic free cash flow by 2020**: 25-30 billion per year World-class Grow free…
  19. Management Day – Royal Dutch Shell – slide 19
    Jessica Uhl Chief Financial Officer Royal Dutch Shell Royal Dutch Shell November 28-29, 2017
  20. Management Day – Royal Dutch Shell – slide 20
    Financial framework Foundation of the world-class Thrive in Key features investment case the energy transition Maximising value for shareholders through cycle Multi-year timescales World-class Surplus free cash flow in up-cycle and…
  21. Management Day – Royal Dutch Shell – slide 21
    Financial framework BG post-offer intention statements Growing shareholder distributions BG acquisition at the time of the acquisition and shareholder Surplus Buybacks distributions Pay at least dividends of 1.88 per CFFO Shell share…
  22. Management Day – Royal Dutch Shell – slide 22
    Free cash flow Distributions from free cash flow performance and billion payout 99/bbl 51/bbl 60/bbl* Financial transformation 2014-2017 2014 17Q3 2019-2021 2019-2021 average: 4Q rolling average FCF 30-35 billion Divestment…
  23. Management Day – Royal Dutch Shell – slide 23
    Achieving Divestment proceeds Net debt & gearing divestment and billion billion % debt reduction objectives Visibility on lower gearing through progress on Integrated Gas Net debt divestments Upstream Gearing (RHS)…
  24. Management Day – Royal Dutch Shell – slide 24
    Deliver new Shell project start-ups 2014 through 2020 Selected key projects projects: Thousand boe per day billion p.a. CFFO growth Appomattox Brazil FPSO 7-10 2014 2020 Brazil FPSO 11-14 Stones Gorgon Prelude Kashagan…
  25. Management Day – Royal Dutch Shell – slide 25
    Reduce Underlying operating expenses Cost management framework operating costs: billion -20% lower forever Ambitious goals based on full potential Ambition Common view of fully loaded cost and value drivers Transparency Apply…
  26. Management Day – Royal Dutch Shell – slide 26
    Higher capital Capital investment efficiency and billion -40% more consistent capital investment Increased capital efficiency 25-30 billion Resilient projects 30 billion per year ceiling Options to reduce capital investment…
  27. Management Day – Royal Dutch Shell – slide 27
    World-class investment case Cash flow priorities 1 2 3 Priorities Buybacks Debt reduction Dividends & capital for cash investment Continue to reduce Cancel scrip dividend Buy back shares gearing to 20% Progress towards a…
  28. Management Day – Royal Dutch Shell – slide 28
    Maarten Wetselaar Integrated Gas & New Energies Director Royal Dutch Shell Royal Dutch Shell November 28-29, 2017
  29. Management Day – Royal Dutch Shell – slide 29
    Integrated Gas Cash engine Creating & securing demand Optimisation Managing supply LNG Marketing and trading Gas and liquids production Gas and power Shipping and transport Liquefaction Gas-to-liquids premium products…
  30. Management Day – Royal Dutch Shell – slide 30
    Integrated Gas Cash flow from operations Capital employed Financial billion per barrel 62 billion as of Q3 2015 90 billion as of Q3 2017 performance In service Under construction CFFO excl. working capital Brent (RHS) LNG…
  31. Management Day – Royal Dutch Shell – slide 31
    Integrated Gas Record-breaking offshore performance Pearl - the worlds largest gas-to-liquids plant Gas-to-liquids value chain North Field Pearl GTL Plant Continuous innovation Marketing integration Jane.Adam: replace…
  32. Management Day – Royal Dutch Shell – slide 32
    Integrated Gas OECD - Electricity output by source Beijing gas demand Policy and % bcm Decree on PM 2.5 economics coal-to-gas switch in non-power sector driving gas UK carbon growth floor price US shale Action plan growth…
  33. Management Day – Royal Dutch Shell – slide 33
    Integrated Gas LNG supply/demand gap Capacity additions 2015 to 2020 LNG supply Million tonnes Million tonnes % and demand LNG supply under construction Annualized capacity additions under construction LNG supply in operation…
  34. Management Day – Royal Dutch Shell – slide 34
    Integrated Gas LNG Global C R E AT I N G A N D MANAGING O P T I M I S AT I O N integrated value SECURING DEMAND SUPPLY chain Leverage portfolio flexibility and arbitrage opportunities Largest LNG marketer Deliveries to 25+…
  35. Management Day – Royal Dutch Shell – slide 35
    Integrated Gas LNG sales sources and deliveries LNG portfolio Million tonnes Balanced portfolio: Liquefaction mostly matched by third-party purchases Spot deliveries mostly matched by spot purchases Deliveries: 80% term…
  36. Management Day – Royal Dutch Shell – slide 36
    Integrated Gas Gasnor Create and Canada Dragon Rotterdam Europe secure demand USA Cove Point Barcelona China Elba Attiki Lake Charles Hangzhou Costa Azul Hazira Qatar Mahanagar Gas Altamira India LNG Import terminals…
  37. Management Day – Royal Dutch Shell – slide 37
    Integrated Gas Gasnor World-class LNG Sakhalin supply portfolio Egypt LNG Qatar Gas 4 Oman LNG Atlantic LNG Nigeria LNG Brunei LNG Malaysia LNG Peru LNG Prelude North West Shelf Existing Gorgon Under construction QCLNG…
  38. Management Day – Royal Dutch Shell – slide 38
    Integrated Gas Baltic LNG Selective growth: Sakhalin expansion pre-FID portfolio Abadi LNG Canada Tanzania Mozambique GTL Nigeria LNG Lake Charles expansion Browse In-/Post-FEED Pre-FEED LNG pre-FID unit cost of supply…
  39. Management Day – Royal Dutch Shell – slide 39
    Integrated Gas Cash engine Creating & securing demand Optimisation Managing supply LNG Marketing and trading Gas and liquids production Gas and power Shipping and transport Liquefaction Gas-to-liquids premium products…
  40. Management Day – Royal Dutch Shell – slide 40
    Andrew Brown Upstream Director Appomattox hull arrival in Ingleside Texas USA Royal Dutch Shell Royal Dutch Shell November 28-29, 2017
  41. Management Day – Royal Dutch Shell – slide 41
    Upstream Cash engines Growth priorities Emerging opportunities Conventional oil & gas Deep water Shales Gbaran Ubie - Nigeria Perdido USA Gulf of Mexico Permian - USA High-grading position Advantaged portfolio Enhance position…
  42. Management Day – Royal Dutch Shell – slide 42
    Upstream Cash flow from operations Organic free cash flow financial billion per barrel billion billion performance 16Q1 16Q2 16Q3 16Q4 17Q1 17Q2 17Q3 CFFO Brent (RHS) Quarterly 4 quarter rolling (RHS) Unit cash flow Earnings by…
  43. Management Day – Royal Dutch Shell – slide 43
    Fit for the future 2018 aspirations Improving results Process safety Production Availability Total cost 50% fewer tier 1 & 2 Unlock 150 kboe/d 90% Competitive unit incidents from optimization operating costs Production &…
  44. Management Day – Royal Dutch Shell – slide 44
    Scoping & Replication & standardisation Competitive scoping Project execution executing for resilience SK408 - Malaysia Vito USA Gulf of Mexico Fox Creek Kaybob plant - Canada 3 platform tiebacks with a Vito project re-scoped to…
  45. Management Day – Royal Dutch Shell – slide 45
    Clair Ph2 100 kboe/d Project delivery 2016+ Shell 28% Key Upstream Schiehallion redevelopment 125 kboe/d start-ups & under Shell 45% construction Permian & Fox Creek 200 kboe/d incremental Shell share by 2020 Kashagan 370…
  46. Management Day – Royal Dutch Shell – slide 46
    Conventional oil & gas Norway Portfolio & Kazakhstan Divesting the non-core assets priorities UK Improving existing operations fit for the future Negotiating to more resilient positions Nigeria Selective growth to offset…
  47. Management Day – Royal Dutch Shell – slide 47
    Conventional oil & gas Project break-even prices Sustaining the Pre-FID funnel break-even price per barrel engine Robust project funnel Sustaining the engine with disciplined investment Large portfolio of low break-even price…
  48. Management Day – Royal Dutch Shell – slide 48
    Deep water Advantaged portfolio Competitive growth Production excellence A leading IOC Thousand boe per day Pre-FID funnel break-even price per barrel per boe % position Percentage of capital investment Shell Peer group range 2014…
  49. Management Day – Royal Dutch Shell – slide 49
    Deep water Progressing to 900 kboe/d by 2020 World class Maintain production through mid-2020s with discovered volumes & defined projects delivery Upside growth with exploration Capital discipline doing more with less Accelerating…
  50. Management Day – Royal Dutch Shell – slide 50
    Shales Direct field costs - Permian Drill & complete - Permian Capabilities & technology Enhancing per boe 2017 YTD million 2017 YTD (normalized to 7500 lateral) competitiveness Remote drilling center - Canada Basin Basin Shell…
  51. Management Day – Royal Dutch Shell – slide 51
    Shales Near-term selective acceleration of Permian & Fox Western Canada Gas Building a Creek Duvernay Western Canada LTO Growth of 200 kboe/d by 2020 growth business Fox Creek Duvernay Dry gas Liquids rich Average break-even price…
  52. Management Day – Royal Dutch Shell – slide 52
    Norway Exploration Build on heartland success UK Russia Netherlands Track record to sustain future growth Albania Targeting emerging opportunities & strategy to supplement Heartlands USA Algeria Egypt Oman Myanmar Value…
  53. Management Day – Royal Dutch Shell – slide 53
    Robust Reserves & resources Deep water unit development costs development Billion boe per boe potential -45% COG operated unit development costs per boe Conventional Deep water Shales oil & gas -45% Discovered resources…
  54. Management Day – Royal Dutch Shell – slide 54
    Jackdaw Pierce Depressurisation Troll Ph3 40 kboe/d 25 kboe/d KGK expansion Ph1 Kashagan CC01 255 kboe/d 40 kboe/d 100 kboe/d 2018-2022 Shell 70% Shell 92.52% Shell 8.1% Shell 29% Shell 17% Ormen Lange recovery Pre-FID Options Clair…
  55. Management Day – Royal Dutch Shell – slide 55
    Upstream Cash engines Growth priorities Emerging opportunities Conventional oil & gas Deep water Shales Gbaran Ubie - Nigeria Perdido USA Gulf of Mexico Permian - USA High-grading position Advantaged portfolio Enhance position…
  56. Management Day – Royal Dutch Shell – slide 56
    John Abbott Downstream Director Bangkok Thailand Royal Dutch Shell Royal Dutch Shell November 28-29, 2017
  57. Management Day – Royal Dutch Shell – slide 57
    Downstream Cash engine Growth priority Marketing Refining & Trading Chemicals Customer offer + brand leverage Full integration with trading Advantaged feedstock Further strengthen our Differentiated products Improve retained…
  58. Management Day – Royal Dutch Shell – slide 58
    Downstream Cash flow Capital employed financial billion billion 56 billion at end Q317 performance CFFO excluding working capital Working capital movement Free cash flow (RHS) Refining & Trading Marketing Chemicals Global brand…
  59. Management Day – Royal Dutch Shell – slide 59
    Investing in selective growth Refining 1,050,000 bpd 875,000 bpd 460,000 bpd and Trading Fredericia Scotford (100%) (100%) Calgary Sarnia (100%) London Rotterdam Puget Sound (100%) Pernis (100%) Miro (32%) Beijing Retain…
  60. Management Day – Royal Dutch Shell – slide 60
    Downstream Rhine envelope Integration of Motiva assets to the DS portfolio asset integration: Global trading Rhine envelope options Rostock & Eastern US Harburg PCK Schwedt portfolio Pernis Arnhem Seefeld RRP Moerdijk Rheinland…
  61. Management Day – Royal Dutch Shell – slide 61
    Investing in selective growth Marketing ROACE Marketing free cash flow Shell Oil Products % billion marketing Retail country entry - Mexico Shell Recharge - UK Mexico Retail country entry Royal Dutch Shell November 28-29,…
  62. Management Day – Royal Dutch Shell – slide 62
    Oil Products Retails 5 ambitions for 2025 1 2 3 4 5 50% 20% LOWER EVERY 100% CARBON CUSTOMER Increase margin Fuels margin from Reduce carbon Treated like a Sites committed to share from non- low-emission intensity of our guest on…
  63. Management Day – Royal Dutch Shell – slide 63
    Digitalisation Connected customer Innovation New business models Shell App Connected car FitCar powered by Jiffy lube 3 million downloads Worlds first in car cashless payment Provides customers with maintenance 715,000 active users…
  64. Management Day – Royal Dutch Shell – slide 64
    Growth projects Ethylene capacity Under construction Chemicals Million metric tonnes Pennsylvania 425,000 metric tonnes per chemicals annum additional Alpha Olefins Bukom capacity start-up Nanhai I USGC Nanhai II restructuring…
  65. Management Day – Royal Dutch Shell – slide 65
    Organic growth Earnings + ROACE Chemicals billion % Improve base business Expand current base portfolio Adding to portfolio growth Targets aspiration per year mid-20s: Earnings: 3.5 - 4 billion Cash flow: 5 - 6 billion…
  66. Management Day – Royal Dutch Shell – slide 66
    Downstream Cash engine Growth priority Marketing Refining & Trading Chemicals Customer offer + brand leverage Full integration with trading Advantaged feedstock Further strengthen our Differentiated products Improve retained…
  67. Management Day – Royal Dutch Shell – slide 67
    Maarten Wetselaar Integrated Gas & New Energies Director Royal Dutch Shell Royal Dutch Shell November 28-29, 2017
  68. Management Day – Royal Dutch Shell – slide 68
    New Energies Emerging Opportunities New Fuels Power Build integrated value Groundbirch, Canada chains Exploit adjacencies to Focus areas: Focus areas: existing businesses Biofuels Trading, marketing and customer access…
  69. Management Day – Royal Dutch Shell – slide 69
    New Energies Energy transition Market development Shell differentiators Market drivers and differentiators World needs more and cleaner Power markets expected to Experience, global footprint, energy grow faster than the overall…
  70. Management Day – Royal Dutch Shell – slide 70
    New Fuels Biofuels Hydrogen Razen - Brazil Hamburg -Germany First generation experience through Razen joint Existing sites in Germany, UK, and USA venture Working with partners to develop around One of the largest blenders and…
  71. Management Day – Royal Dutch Shell – slide 71
    Portfolio resilience through a Power value chain S UPPLY & CUSTOMERS O P T I M I S AT I O N G E N E R AT I O N Multiple parties are active on Leverage portfolio flexibility and Not all products are supplied by Shell; the demand side…
  72. Management Day – Royal Dutch Shell – slide 72
    New Energies New Fuels Power Capital and returns Wuppertal, Germany NoordzeeWind, The Netherlands New Fuels looks for capital light opportunities Investment in customer access Selective an opportunity Work in partnerships and…
  73. Management Day – Royal Dutch Shell – slide 73
    Ben van Beurden Chief Executive Officer Royal Dutch Shell Royal Dutch Shell November 28-29, 2017
  74. Management Day – Royal Dutch Shell – slide 74
    Summary 2014-2020 2020+ T R A N S F O R M AT I O N CONTINUE TO IMPROVE IN SHELL OUR METRICS PER SHARE 2014 - 2020 2020+ Portfolio re-shape Growing per share metrics More free cash flow from a stronger basis Higher returns…
  75. Management Day – Royal Dutch Shell – slide 75
    Questions & Answers Ben van Beurden Jessica Uhl Chief Executive Officer Chief Financial Officer Royal Dutch Shell November 28-29, 2017 76
  76. Management Day – Royal Dutch Shell – slide 76
    Management Day Break-out panels Delivering a world-class investment case Royal Dutch Shell plc November 28-29, 2017 makethefuture Royal Dutch Shell November 28-29, 2017
  77. Management Day – Royal Dutch Shell – slide 77
    Break-out Panel Key messages Cash flow from operations Integrated Gas billion per barrel 20 100 World leader Maarten Wetselaar Growing markets 15 75 Differentiated portfolio 10 50 Market-driven value chain 5 25 Cash engine 0 0…
  78. Management Day – Royal Dutch Shell – slide 78
    Break-out Panel Key messages New Energies Emerging opportunity with focus on Maarten Wetselaar New Fuels and Power Selective, disciplined and commercial investments Leverage adjacencies and competitive Volume Spills advantages…
  79. Management Day – Royal Dutch Shell – slide 79
    Break-out Panel Key messages Cash flow from operations Upstream Financial and operational Andrew Brown performance improving Delivering on levers divestments, costs and project start-ups Upgrading 2016 Capital Markets Day organic…
  80. Management Day – Royal Dutch Shell – slide 80
    Downstream Cash engine Growth priority Marketing Refining & Trading Chemicals Customer offer + brand leverage Full integration with trading Advantaged feedstock Further strengthen our Differentiated products Improve retained…
  81. Management Day – Royal Dutch Shell – slide 81
    Harry Brekelmans Projects and Technology Director Royal Dutch Shell Royal Dutch Shell November 28-29, 2017
  82. Management Day – Royal Dutch Shell – slide 82
    Thrive in the energy transition Demonstrating Shells approach across multiple time horizons Driving to TIME HORIZON resilience and ambition 1-3 YEARS 5-10 YEARS 10 YEARS SHORT TERM MEDIUM TERM LONG TERM GHG Strategic positioning and…
  83. Management Day – Royal Dutch Shell – slide 83
    Thrive in the energy transition Net Carbon Footprint END-USE Shell oil production Oil transport Shell refinery Distribution Transportation Oil products Upstream assets Shipping or pipeline Downstream assets 3rd party crude supply…
  84. Management Day – Royal Dutch Shell – slide 84
    Thrive in the energy transition Ambition to reduce Net Carbon Ambition for Net Carbon Footprint 1 Ambition Net Footprint 1 of our energy products by WtW gCO2e/MJ1 around 20% by 2035 Carbon Footprint Covers full range of emissions from…
  85. Management Day – Royal Dutch Shell – slide 85
    Thrive in the energy transition Flexibility and mix of options to Potential tools to achieve our 2035 Net Carbon Footprint 1 ambition Ambition Net achieve ambition WtW gCO2e/MJ1 Carbon Footprint Allows for oil and gas production growth…
  86. Management Day – Royal Dutch Shell – slide 86
    Thrive in the energy transition Pearl GTL Bukom refinery Examples of CO2 abatement Flare in utilities area, Pearl GTL, Qatar Bukom refinery, Singapore Shell reduced heavy paraffin synthesis off-gas (HOG) Bukom refinery Singapore…
  87. Management Day – Royal Dutch Shell – slide 87
    Management Day Appendices Delivering a world-class investment case Royal Dutch Shell plc November 28-29, 2017 makethefuture Royal Dutch Shell November 28-29, 2017
  88. Management Day – Royal Dutch Shell – slide 88
    Integrated Gas Supply development Demand development LNG supply Million tonnes (DES) Million tonnes (DES) and demand Supply growth matched by solid demand Source: IHS Markit LNG Waterborne Trade, November 2017. January to…
  89. Management Day – Royal Dutch Shell – slide 89
    Investing in selective growth Global retail premium product penetration Global lubes - premium products penetration Shell premium % % products Shell V-Power is the worlds most widely sold Leveraging GTL base oil with Pureplus…
  90. Management Day – Royal Dutch Shell – slide 90
    Downstream Downstream ROACE Oil Products ROACE competitive % % landscape Shell Peers Chemicals ROACE Brand % Global brand preference 14Q1 15Q1 16Q1 17Q1 17Q3 Shell Chemicals peer group 4Q rolling Shell Other majors…
  91. Management Day – Royal Dutch Shell – slide 91
    Resilient framework Shell Midstream Partners Building scale Diversified portfolio with high quality midstream Sustainable growth assets Distribution growth since IPO ct/LP unitholder +96% 31.8 16.25 Strategic portfolio…
  92. Management Day – Royal Dutch Shell – slide 92
    Thrive in the energy transition Gasoline / Diesel chain Emissions example: passenger vehicles Illustrative size of emission Well to tank 15% 85% Tank to wheel Well to Wheels CO2 emissions Electric chain Electrification moves…
  93. Management Day – Royal Dutch Shell – slide 93
    Shell scenarios Societal scenarios explore how Mountains/Oceans and modelling the world might work in the future, and is an essential front- end input in energy modelling Different parts of the world will develop in their own…
  94. Management Day – Royal Dutch Shell – slide 94
    Shell scenarios analysis Shell is working on a scenario that achieves net-zero emissions by 2070, required for a 2C pathway. This is plausible Net-zero in the medium term, and becomes normative1 in the long term emissions by 2070 What one…
  95. Management Day – Royal Dutch Shell – slide 95
    IEA World The IEA Current Policies (CPS) and New Policies (NPS) scenarios start with assumptions about policies and see Energy Outlook where they lead. The Sustainable Development Scenario (SDS) sets the end-goal (Paris goal) and works…
  96. Management Day – Royal Dutch Shell – slide 96
    Energy transition Shells response to TCFD recommendations 1 Engagement with TCFD Governance Strategy Risk Management Metrics & Targets Primary source2 Annual Report Energy Transition Annual Report Sustainability Report Report…
  97. Management Day – Royal Dutch Shell – slide 97
    Management Day Delivering a world-class investment case Royal Dutch Shell plc November 28-29, 2017 makethefuture Royal Dutch Shell November 28-29, 2017

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