First quarter 2018 results Delivering a world-class investment case Royal Dutch Shell plc April 26, 2018 makethefuture Royal Dutch Shell April 26, 2018
Jessica Uhl Chief Financial Officer Royal Dutch Shell Royal Dutch Shell April 26, 2018
Summary Q1 2018 Thrive in Strong results the energy transition Underlying growth continues Portfolio reshaping World-class Divestments: 26 billion completed (headline) investment case Resilience and growth Strong…
Q1 2018 billion billion Earnings and 86 48 49 57 cash flow from operations Cash flow from operations excluding working capital Cash flow from operations excluding working capital 4 quarters rolling (RHS) Earnings Average Brent…
Q1 2018 Earnings and ROACE Free cash flow and cash flow from operations Integrated Gas billion % billion performance Earnings ROACE (RHS) Cash flow from operations Free cash flow LNG liquefaction volumes LNG sales volumes Million…
Q1 2018 Completions Q1 2018 + April 2018 Divestment billion headlines MLP cash proceeds 0.7 Iraq West Qurna 1 0.6 Oman - Mukhaizna 0.3 Others 0.3 Announcements Q1 2018 + April 2018 billion DS Argentina 1.0 Bongkot -…
Leading in transparency 2018 progress RDS reporting Disclosures aligned to Task Force on Climate-related Financial Disclosures (TCFD) Shell Energy Transition report published Annual report: additional disclosures on climate change risk…
Portfolio reshaping Geographical exposure Chemicals feedstock exposure Downstream Earnings per region % of feedstock 2025 2017 2021 2025 East Europe & Africa Americas Oil Gas Marketing earnings growth to 2025 Refining &…
Portfolio reshaping Baltic LNG Integrated Gas Sakhalin expansion Abadi LNG Canada Tanzania Mozambique GTL Nigeria LNG Lake Charles expansion Browse In-/Post-FEED Pre-FEED LNG supply/demand gap MTPA (DES) 2015-20: 50%…
Deep water Vito Vito final 100 kboe/day peak production1 investment 300 mln boe current estimated Ram Powell decision NaKika Appomattox recoverable resources1 Mars Ursa Coulomb Enchilada Shell-operated (63.11%) Olympus Kaikias…
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% At least 25 billion*…
Financial framework Cash allocation Surplus Buybacks* Buyback intention unchanged: at least 25 billion CFFO over 2018-2020 Capital investment 25-30 billion p.a., organic + inorganic Lower part of the range in 2018 CFFO Dividend…
Financial framework Distributions from free cash flow Free cash flow billion performance and 99/bbl 57/bbl 60/bbl* payout Financial transformation 2014-2017 2019-2021 average: FCF 30-35 billion At least 25 billion** 2014 18Q1…
Financial framework Capital investment Capital investment Capital investment Capital discipline billion (p.a.) 2018 2020 billion billion supporting Oil products 4-5 growth Conventional 4-5 -12 billion oil + gas 30 Integrated gas…
Financial framework Divestment headlines since Q1 2016 Divestment + MLP cash proceeds since Q1 2016 Divestments + billion billion net debt Cumulative cash proceeds Range Net debt + gearing billion -13.4 billion % Rule of…
Summary Q1 2018 Thrive in Strong results the energy transition Underlying growth continues Portfolio reshaping World-class Divestments: 26 billion completed (headline) investment case Resilience and growth Strong…
Questions & Answers Jessica Uhl Chief Financial Officer Royal Dutch Shell April 26, 2018 20
Q2 2018 Q2 Q2 Outlook: year-ago baseline reflects Shells earnings seasonality Outlook Integrated gas Production volumes: positive impact of 140-160 thousand boe/d, mainly due to lower maintenance. Liquefaction volumes are expected to…
Q1 2018 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…
Q1 2018 Earnings Q1 2017 to Q1 2018 Integrated Gas billion results Environment Choice Earnings on CCS basis, excluding identified items Royal Dutch Shell April 26, 2018 23
Q1 2018 Earnings Q1 2017 to Q1 2018 Upstream results billion Environment Choice Earnings on CCS basis, excluding identified items Royal Dutch Shell April 26, 2018 24
Q1 2018 Earnings Q1 2017 to Q1 2018 Earnings mix Downstream billion billion results Marketing Refining & Trading Chemicals Earnings on CCS basis, excluding identified items Royal Dutch Shell April 26, 2018 25
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