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4Q 2017 Results – Royal Dutch Shell

Royal Dutch Shell · Feb 1, 2018 · 34 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 2017 Results – Royal Dutch Shell – slide 1
    Fourth quarter 2017 results Delivering a world-class investment case Royal Dutch Shell plc February 1, 2018 makethefuture Royal Dutch Shell February 1, 2018
  2. 4Q 2017 Results – Royal Dutch Shell – slide 2
    Ben van Beurden Chief Executive Officer Royal Dutch Shell Royal Dutch Shell February 1, 2018
  3. 4Q 2017 Results – Royal Dutch Shell – slide 3
    Summary 2017 Thrive in Year of transformation the energy transition Strong financial delivery + strengthened financial framework Growth momentum World-class investment case Q4 2017 Strong delivery + strong earnings Timing…
  4. 4Q 2017 Results – Royal Dutch Shell – slide 4
    2017 Financial summary 15.8 Earnings ( billion); EPS +109% versus 2016 FY 35.7 Cash flow from operations ( billion) 27.6 Free cash flow ( billion) 5.6 ROACE (%) 24.8 Gearing (%) Earnings and ROACE on CCS basis,…
  5. 4Q 2017 Results – Royal Dutch Shell – slide 5
    Q4 2017 Divestment completions in Q4 2017 Portfolio UK North Sea up to 3.8 billion highlights Woodside 2.7 billion Gabon 900 million Comgas 380 million Hong Kong LPG 150 million Brazil Libra FPSO Pioneiro de Libra Whale…
  6. 4Q 2017 Results – Royal Dutch Shell – slide 6
    Exploration One of Shells largest Better map available Major Gulf of discoveries in U.S. Gulf of Mexico discovery Mexico in the last decade Close to existing infrastructure Appraisal drilling underway Shell-operated…
  7. 4Q 2017 Results – Royal Dutch Shell – slide 7
    Deep water Production + current development Post 2020 - Libra Post 2025 new leases Brazil Thousand boe per day 400 New block +140% Alto de Cabo Frio Oeste (Shell operator) Gato do Mato New block Sul do Gato do Mato (Shell…
  8. 4Q 2017 Results – Royal Dutch Shell – slide 8
    Capital discipline Capital investment Capital investment Underlying operating expenses & operating cost billion (p.a.) 2018 2020 billion billion 40 45 -6 billion supporting Oil products 4-5 -12 billion growth Conventional oil + gas…
  9. 4Q 2017 Results – Royal Dutch Shell – slide 9
    Strong cash Cash flow from operations excluding working capital movements momentum billion 99 52 44 54 40 continues +60%; +14.5 billion 30 20 10 2017 CFFO excl. 0 working capital 39 2014 2015 2016 2017 movements…
  10. 4Q 2017 Results – Royal Dutch Shell – slide 10
    Strategic themes 2017 54 2019-21** 60 delivery: on track Strategic Capital employed Free cash flow ROACE Capital employed Free cash flow* ROACE themes ( bln end 2017) ( bln p.a) (%) ( bln) ( bln p.a) (%) Cash engines 59% 14…
  11. 4Q 2017 Results – Royal Dutch Shell – slide 11
    Jessica Uhl Chief Financial Officer Royal Dutch Shell Royal Dutch Shell February 1, 2018
  12. 4Q 2017 Results – Royal Dutch Shell – slide 12
    Q4 2017 Earnings Q4 2016 to Q4 2017 CFFO excl. working capital Q4 2016 to Q4 2017 Financial billion billion highlights 5 10 0.1 0.7 0.1 0.5 (1.1) 4 (0.1) (0.7) 1.6 3 5 9.8 4.3 8.4 2 1 1.8 0 0 Strong earnings Cash…
  13. 4Q 2017 Results – Royal Dutch Shell – slide 13
    Preliminary results 2017 Reserves performance Reserves performance SEC proved 2017 RRR 27% Billion boe reserves position 2017 RRR (excl. A&D) 127% 14 (1.4) 1.8 3-yr avg RRR 78% 12 (1.4) Reserves/Production at end 2017 8.9 years…
  14. 4Q 2017 Results – Royal Dutch Shell – slide 14
    2017 Upstream Integrated Gas Downstream Financial billion billion billion performance 20 20 20 15 15 15 10 10 10 5 5 5 0 0 0 2014 2015 2016 2017 2014 2015 2016 2017 2014 2015 2016 2017 Earnings -5 CFFO excl. working…
  15. 4Q 2017 Results – Royal Dutch Shell – slide 15
    2017 Upstream + Integrated Gas oil & gas production Operational Million boe per day performance 4,25 4.25 0.29 0.09 (0.08) 4,00 4.00 (0.20) 3,75 3.75 (0.25) 4.00 3.91 3,50 3.50 3.76 3,25 3.25 Q4 2016 Growth Decline…
  16. 4Q 2017 Results – Royal Dutch Shell – slide 16
    2015 2017 actions Capital efficiency potential Improving Supply chain Delivered 6 billion capital efficiency savings in 2014-2017 capital efficiency Competitive scoping Portfolio unit development costs reduced by 35% since 2014…
  17. 4Q 2017 Results – Royal Dutch Shell – slide 17
    2018+ Ways of working Competitive scoping Supply chain transformation Sustaining capital efficiency Efficient planning, execution, Design, equipment and scope Partnership and collaboration resources and utilisation specifications…
  18. 4Q 2017 Results – Royal Dutch Shell – slide 18
    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…
  19. 4Q 2017 Results – Royal Dutch Shell – slide 19
    Financial Divestments 2016 + 2017 Net debt and gearing framework billion billion 75 % 30 30 20 50 20 10 25 10 0 0 0 Completed Announced In progress Total 2014 2015 2016 2017 / signed Net debt Gearing (RHS) Free cash…
  20. 4Q 2017 Results – Royal Dutch Shell – slide 20
    Free cash flow Distributions from free cash flow performance and billion payout 40 99/bbl 54/bbl 60/bbl* 30 20 Financial transformation 10 2014-2017 2019-2021 average: FCF 30-35 billion 0 At least 25 billion** 2014…
  21. 4Q 2017 Results – Royal Dutch Shell – slide 21
    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…
  22. 4Q 2017 Results – Royal Dutch Shell – slide 22
    Ben van Beurden Chief Executive Officer Royal Dutch Shell Royal Dutch Shell February 1, 2018
  23. 4Q 2017 Results – Royal Dutch Shell – slide 23
    Summary 2017 Thrive in Year of transformation the energy transition Strong financial delivery + strengthened financial framework Growth momentum World-class investment case Q4 2017 Strong delivery + strong earnings Timing…
  24. 4Q 2017 Results – Royal Dutch Shell – slide 24
    Questions & Answers Ben van Beurden Jessica Uhl Chief Executive Officer Chief Financial Officer Royal Dutch Shell February 1, 2018 25
  25. 4Q 2017 Results – Royal Dutch Shell – slide 25
    Q1 2018 Q1 Q1 OUTLOOK: Year-ago baseline reflects Shells earnings seasonality Outlook Integrated gas Production volumes: positive impact of 210 thousand boe/d, mainly associated with Pearl, Gorgon and portfolio impacts Upstream…
  26. 4Q 2017 Results – Royal Dutch Shell – slide 26
    Q4 2017 Shell oil & gas realisations Industry refining margins Industry chemicals margins Prices & margins /barrel /mscf /barrel /tonne 60 5 18 1000 15 4 800 40 12 3 600 9 2 400 20 6 1 200 3 0 0 0 0 Q416 Q117 Q217…
  27. 4Q 2017 Results – Royal Dutch Shell – slide 27
    Q4 2017 billion Q4 2016 Q4 2017 Earnings Q4 2016 to Q4 2017 Financial Upstream 0.1 1.7 billion highlights Integrated Gas 0.9 1.6 5 0.1 0.7 0.1 Downstream (CCS) 1.3 1.4 4 Corporate & (0.5) (0.4) non-controlling interest 1.6 CCS…
  28. 4Q 2017 Results – Royal Dutch Shell – slide 28
    2017 billion 2016 2017 Earnings 2016 to 2017 Financial Upstream (2.7) 3.1 billion highlights Integrated Gas 3.7 5.3 18 1.8 1.6 (0.6) Downstream (CCS) 7.2 9.1 Corporate & 5.8 (1.1) (1.7) non-controlling interest 12 CCS net…
  29. 4Q 2017 Results – Royal Dutch Shell – slide 29
    Q4 2017 Earnings Q4 2016 to Q4 2017 Integrated Gas billion results 2 Environment Choice 0.2 0.1 (0.1) 0.1 0.1 0 0.3 1 1.6 0.9 0 Earnings on CCS basis, excluding identified items Royal Dutch Shell February…
  30. 4Q 2017 Results – Royal Dutch Shell – slide 30
    Q4 2017 Earnings Q4 2016 to Q4 2017 Upstream results billion Environment Choice 2 0.1 1.0 1 0.9 0.5 1.7 0 (0.3) (0.6) 0.1 0 Earnings on CCS basis, excluding identified items Royal Dutch Shell February 1,…
  31. 4Q 2017 Results – Royal Dutch Shell – slide 31
    Q4 2017 Earnings Q4 2016 to Q4 2017 Earnings mix Downstream billion billion results 2 10 0.1 0.1 0.1 (0.3) 1 5 1.3 1.4 0 0 2014 2015 2016 2017 Marketing Refining & Trading Chemicals Earnings on CCS basis,…
  32. 4Q 2017 Results – Royal Dutch Shell – slide 32
    Projects under construction 2018-19 Shell share 700 kboe/d 2.4 mtpa LNG 1.2 mtpa NGLs 50 kbpd refined products 0.6 mtpa ethylene 0.4 mtpa AO 2020+ Shell share * Permian and Fox Creek production represents Shell entitlement…
  33. 4Q 2017 Results – Royal Dutch Shell – slide 33
    Pre-FID options Shell share potential 700 kboe/d 15 mtpa LNG Royal Dutch Shell February 1, 2018 34
  34. 4Q 2017 Results – Royal Dutch Shell – slide 34
    Royal Dutch Shell February 1, 2018

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