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IFRS16 Update Call – Royal Dutch Shell

Royal Dutch Shell · Mar 28, 2019 · 13 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. IFRS16 Update Call – Royal Dutch Shell – slide 1
    IFRS16 update call Royal Dutch Shell plc March 28, 2019 makethefuture Royal Dutch Shell March 28, 2019
  2. IFRS16 Update Call – Royal Dutch Shell – slide 2
    Introduction Martin ten Brink Tjerk Huysinga EVP Controller EVP Investor Relations Royal Dutch Shell March 28, 2019 2
  3. IFRS16 Update Call – Royal Dutch Shell – slide 3
    Key messages IFRS16 has a material impact on Shells financial statements and Thrive in the energy financial metrics transition Accounting change only, no cash impact (net) IFRS16 does not change Shells strategy and financial…
  4. IFRS16 Update Call – Royal Dutch Shell – slide 4
    IFRS16 Implementation approach Key changes Outline of changes Effective January 1, 2019 No distinction between operating and finance Modified retrospective method leases Operating leases on balance sheet Practical expedients…
  5. IFRS16 Update Call – Royal Dutch Shell – slide 5
    IFRS16 Most frequently leased assets Operating lease commitments (December 31, 2018) Operating lease Vessels billion, undiscounted portfolio 8.3 billion Rigs 5.3 billion Other assets: Retail sites 2.8 billion Storage and…
  6. IFRS16 Update Call – Royal Dutch Shell – slide 6
    IFRS16 Incremental borrowing rates From undiscounted commitments to lease liability Incremental 3 asset categories: billion borrowing rate Vessels Rigs Other 2 lease tenures: Less than 10 years 10 years and longer Credit rating…
  7. IFRS16 Update Call – Royal Dutch Shell – slide 7
    IFRS16 Outlook for 2019 Impact on financial metrics 4%-5% Operating lease liabilities on balance sheet Gearing increase Higher net debt, gearing increases Operating 2-3 billion Operating lease costs reported as depreciation and…
  8. IFRS16 Update Call – Royal Dutch Shell – slide 8
    IFRS16 Outlook for 2019 Impact on Capital investment will increase by including all leases, financial metrics Capital 1-2 billion no longer only finance leases investment increase A supplementary metric Cash capital expenditure will…
  9. IFRS16 Update Call – Royal Dutch Shell – slide 9
    billion IAS 17 IFRS16 Net impact Balance sheet IFRS16 BALANCE SHEET (at January 1, 2019) Additional assets and liabilities Impact on Assets 14.8 14.8 Negligible impact on equity financial PP&E (Right-of-use assets) 15.6 15.6 Trade…
  10. IFRS16 Update Call – Royal Dutch Shell – slide 10
    IFRS16 During 2019 Going forward Key financial indicators will also be provided on a pre-IFRS16 basis to support transition May 2, 2019 First quarter 2019 results announcement, including IFRS16 transition disclosures June 4 &…
  11. IFRS16 Update Call – Royal Dutch Shell – slide 11
    Key messages IFRS16 has a material impact on Shells financial statements and Thrive in the energy financial metrics transition Accounting change only, no cash impact (net) IFRS16 does not change Shells strategy and financial…
  12. IFRS16 Update Call – Royal Dutch Shell – slide 12
    Questions & Answers Martin ten Brink Tjerk Huysinga EVP Controller EVP Investor Relations Royal Dutch Shell March 28, 2019 13
  13. IFRS16 Update Call – Royal Dutch Shell – slide 13
    Royal Dutch Shell March 28, 2019

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