Fourth quarter 2018 results Delivering a world-class investment case Royal Dutch Shell plc January 31, 2019 makethefuture Royal Dutch Shell January 31, 2019
Ben van Beurden Chief Executive Officer Royal Dutch Shell Royal Dutch Shell January 31, 2019
Summary Key messages Delivering strong cash flow Thrive in the energy Free cash flow of 16.7 billion in Q4, and 39.4 billion in 2018 transition Cash flow from operations excluding working capital of 12.9 billion in Q4 and 49.6…
2018 Financial Summary 21.4 Earnings ( billion); EPS +34% vs. 2017 49.6 Cash flow from operations excluding working capital ( billion) 39.4 Free cash flow ( billion) 7.6 ROACE (%) 20.3 Gearing (%) Earnings and ROACE…
2018 Goal Zero on safety Operational spills HSSE Injuries TRCF (per million working hours) million working hours Thousand tonnes performance TRCF Working hours (RHS) Volume of spills Number of spills (RHS) Upstream flaring…
2018 Highlights Proof points Leading through Net Carbon Footprint long-term ambition the energy operationalised with short-term targets; linked to transition executive remuneration Methane maintain emissions intensity below 0.2% by…
Oil Sands Upstream Ireland UK North Sea package Thailand Bongkot Showa Shell JV 7.3bln up to 1.3bln up to 3.8bln 0.8bln 1.4bln Divestment programme 30 billion completed MLP Top 20 transactions: Oil Sands 2016-2018 1.8bln Deep water…
Delivery Key projects Start-up Cash contribution from key projects: de-risked Key projects Deep water Brazil (8 FPSOs) billion start-ups Gulf of Mexico (Cardamom, Mars, Stones, Kaikias) Malikai Gumusut Kakap Ph1 +5 billion Lula…
Portfolio & projects Geismar alpha olefins start-up Prelude start-up Projects delivery 2018 Fourth alpha olefins unit, with 425,000 metric tonnes Floating LNG facility offshore Australia, with capacity per annum additional…
Portfolio & projects Appomattox installation and commissioning Permian continued growth Projects delivery 2019-2020 Gulf of Mexico hub development producing from the 260,000 net acres in the Delaware basin, Shell Appomattox and…
Portfolio & projects Gulf of Mexico Whale development United States Pennsylvania petrochemicals Projects delivery 2020+ Gulf of Mexico deep-water discovery, Shell interest 60% Pennsylvania petrochemicals complex with production…
World-class investment case Delivering on Delivery in Financial Cancel scrip dividend commitments 2016-2018 Framework Start 25 billion buyback programme: 4.5 billion completed Delivery Disciplined & efficient capital allocation: 25…
Jessica Uhl Chief Financial Officer Royal Dutch Shell Royal Dutch Shell January 31, 2019
Q4 2018 Financial Cash Cash flow Good cash conversion of strong underlying earnings from operations highlights: generation excl. working 12.9 billion Seasonally higher cost and tax Positive contribution from margining, driven by…
Q3 2018 Q4 Portfolio Other portfolio Project delivery Clair phase 2 up to 120 thousand barrels of oil per day production, Shell developments highlights interest 28% Geismar Chemicals start-up of fourth Alpha Olefins unit, Shell…
Q4 2018 billion Q4 2017 Q4 2018 CFFO excl. working capital Q4 2017 to Q4 2018 Financial Integrated Gas 0.8 5.8 billion highlights: Upstream 3.8 6.9 cash flow Downstream 2.6 8.8 Corporate 0.0 0.6 Cash flow from operations 7.3 22.0…
2018 Operational excellence Gulf of Mexico: Improving asset availability Strong cash flow Reduction in unit operating costs growth Fill the hub strategy Maximising existing production through well reservoir facility management Subsea…
2018 Earnings & ROACE Cash flow Gearing Financial billion % billion billion % highlights: improving year on year Upstream Downstream CFFO CFFI FCF Net debt (at year end) Integrated Gas Corporate + NCI Gearing (RHS) ROACE (RHS)…
Preliminary results 2018 Reserves performance Reserves performance SEC proved 2018 RRR 53% Billion boe reserves position 2018 RRR (excl. A&D) 66% 2018 RRR (excl. Groningen) 98% 3-year average RRR 96% Reserves/Production at end 2018…
Financial framework Cash allocation Buybacks Intention to purchase 25 billion by the end of 2020 Surplus Subject to further progress with debt reduction and oil price CFFO conditions 25-30 billion per annum, organic & inorganic…
Financial framework Distributions from free cash flow Free cash flow billion performance 99/bbl 54/bbl 71/bbl 60/bbl and payout Available for share buybacks and debt reduction 2019-2021: ample capacity 2014 2017 2018…
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 2016 Since Jan…
Ben van Beurden Chief Executive Officer Royal Dutch Shell Royal Dutch Shell January 31, 2019
Summary Key messages Delivering strong cash flow Thrive in the energy Free cash flow of 16.7 billion in Q4, and 39.4 billion in 2018 transition Cash flow from operations excluding working capital of 12.9 billion in Q4 and 49.6…
Questions & Answers Ben van Beurden Jessica Uhl Maarten Wetselaar Chief Executive Officer Chief Financial Officer Integrated Gas and New Energies Director Royal Dutch Shell January 31, 2019 28
Royal Dutch Shell January 31, 2019
Outlook Q1 2018 Q1 2019 OUTLOOK: Year-ago baseline reflects Shells earnings seasonality Q1 2019 Integrated gas Outlook Production volumes: 140-170 thousand boe/d lower, mainly due to divestments, the transfer of some activities into the…
Outlook Impact of 4%-5% Operating lease liabilities on balance sheet Gearing IFRS16 Leases increase Increase in net debt and gearing 4 billion Lease payments will be reported under CFFF, instead of Free cash flow increase under…
Q4 2018 billion Q3 2018 Q4 2018 CFFO excl. working capital Q3 2018 to Q4 2018 Financial Integrated Gas 3.3 5.8 billion highlights: Upstream 6.7 6.9 cash flow Downstream 1.0 8.8 Corporate 1.1 0.6 Cash flow from operations 12.1 22.0…
2018 Working capital Integrated Gas Brent hedging cash impact Working capital billion /bbl billion /bbl & IG Brent hedging Movement in working capital IG Brent hedging cash impact Average Brent price for the quarter (RHS) Brent…
Outlook Organic free cash flow 2018 to 2019-2021 outlook Organic free billion On track to deliver 2019-2021 outlook of cash flow 25-30 billion organic free cash flow 31 5 25-30 Normalised organic free cash flow excludes 23 (4)…
Digitalisation Operational Effectiveness Customer Experience Asset Management in Shell Shearwater UK Shell Cashless App QGC Australia AI & machine learning powering Residential & commercial customer Asset safeguarding & leak…
Q4 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…
Q4 2018 Earnings Q4 2017 to Q4 2018 Upstream billion results Environment Choice Earnings on CCS basis, excluding identified items Royal Dutch Shell January 31, 2019 37
Q4 2018 Earnings Q4 2017 to Q4 2018 Integrated Gas billion results Environment Choice Earnings on CCS basis, excluding identified items Royal Dutch Shell January 31, 2019 38
Q4 2018 Earnings Q4 2017 to Q4 2018 Earnings mix Downstream billion billion results Marketing Refining & Trading Chemicals Earnings on CCS basis, excluding identified items Royal Dutch Shell January 31, 2019 39
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