Shell Plc · LSE:SHEL
Shell — Royal Dutch Shell — Q1 2011 Earnings Presentation
14 slides from Shell's earnings presentation, Apr 28, 2011
Slide 1: Royal Dutch Shell plc First Quarter 2011 Results
ROYAL DUTCH SHELL PLC FIRST QUARTER 2011 RESULTS THE HAGUE APRIL 28th, 2011 1 Copyright of Royal Dutch Shell plc 28/4/2011
Slide 2: First Quarter 2011 Results - Simon Henry, CFO
ROYAL DUTCH SHELL PLC FIRST QUARTER 2011 RESULTS SIMON HENRY CHIEF FINANCIAL OFFICER 2 Copyright of Royal Dutch Shell plc 28/4/2011
Slide 3: Definitions and Cautionary Note
DEFINITIONS AND CAUTIONARY NOTE The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this presentation “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and i
Slide 4: Summary Q1 2011 Results, Performance Focus, Growth Delivery
SUMMARY Q1 2011 RESULTS PERFORMANCE FOCUS GROWTH DELIVERY 4 Copyright of Royal Dutch Shell plc 28/4/2011
Slide 5: Prices and Margins
PRICES AND MARGINS SHELL OIL & GAS REALIZATIONS INDUSTRY REFINING MARGINS INDUSTRY CHEMICALS MARGINS $/BARREL $/MSCF $/BARREL $/TONNE 100 7 12 600 10 500 90 6 8 400 80 6 300 70 5 4 200 60 2 100 50 4 - 0 US ETHANE US WEST COAST ROTTERDAM COMPLEX OIL GAS (RHS) WESTERN EUROPE NAPHTHA US GULF COAST COKI
Slide 6: Q1 2011 Financial Highlights
Q1 2011 FINANCIAL HIGHLIGHTS CCS EARNINGS ($ BILLION) Q1 2010 TO Q1 2011 $ BILLION 7 Q1 11 Q1 10 UPSTREAM 4.6 4.3 6 DOWNSTREAM (CCS) 1.7 0.8 BUSINESS SEGMENTS TOTAL 6.3 5.1 5 CORPORATE & MINORITIES 0 (0.3) CCS NET EARNINGS 6.3 4.8 4 CCS EARNINGS, $ PER SHARE 1.02 0.79 3 CASH FROM OPERATIONS 8.6 4.8
Slide 7: Upstream Performance
UPSTREAM PERFORMANCE EARNINGS OIL & GAS PRODUCTION $ BILLION MILLION BOE/D MILLION TONNES 5 4 4 4 3 3 3 2 2 2 1 1 1 0 0 0 Q110 Q210 Q310 Q410 Q111 Q110 Q210 Q310 Q410 Q111 OTHER UPSTREAM INTEGRATED GAS GAS OIL LNG SALES (MLN TONNES) Excluding Identified Items 7 Copyright of Royal Dutch Shell plc 28/
Slide 8: Downstream Performance
DOWNSTREAM PERFORMANCE CCS EARNINGS AVAILABILITY AND SALES VOLUMES $ BILLION % AVAILABILITY VOLUME 100 7 2 1.5 95 6 1 90 5 0.5 85 4 0 80 3 -0.5 Q110 Q210 Q310 Q410 Q111 Q110 Q210 Q310 Q410 Q111 OIL PRODUCTS REFINERY AVAILABILITY OIL PRODUCT SALES (MLN BBLS/D) CHEMICALS CHEMICALS AVAILABILITY CHEMICA
Slide 9: Cash Performance
CASH PERFORMANCE 12 MONTHS BUSINESSES GROUP $ BILLION $ BILLION 35 50 UPSTREAM DOWNSTREAM SOURCES USES SOURCES 30 40 25 USES 30 20 15 SOURCES 20 10 10 USES 5 0 0 CASH FLOW FROM OPERATIONS EXCL. NET ACQUISITIONS MOVEMENTS IN WORKING CAPITAL CAPEX (EXCL. ACQUISITIONS) + EQUITY ACC. INVESTMENTS ASSET S
Slide 10: Performance Focus: Divesting Non-Core Positions
PERFORMANCE FOCUS DIVESTING NON-CORE POSITIONS 2011 PROGRESS: $3.2 BILLION PROCEEDS Q1 2011 CUMULATIVE DIVESTMENT PROCEEDS $ BLN $5 BILLION 2011E CORPORATE LPG business Stanlow 30 UPSTREAM Wilcat Hills worldwide /Woodenhouse DOWNSTREAM U.S. Car Care Pakistan South Texas GOM Assets Cano Sur 14 countr
Slide 11: Growth Delivery: Portfolio Progress Q1 2011
GROWTH DELIVERY: PORTFOLIO PROGRESS Q1 2011 UK North Sea US Rockies US Marcellus Philippines Colombia Inaugural cargo, QatarGas 4 SCHOONEBEEK HEAVY OIL GERONGGONG (BSP) • 20 kboe/d start up Q1 2011 • 2010 deepwater discovery • 25 years additional production • ~200 mln bbl potential • Shell 30% • She
Slide 12: Summary Q1 2011 Results
SUMMARY Q1 2011 RESULTS • Q1 earnings $6.3 bln; Q1-Q1 earnings per share growth of 29% • Increased energy prices + Shell actions PEFORMANCE FOCUS • Continuous improvement • $3.2 billion divestments delivered in Q1 2011 • $~1.9 billion additional divestments announced GROWTH DELIVERY • >20 project st
Slide 13: Q&A
ROYAL DUTCH SHELL PLC FIRST QUARTER 2011 RESULTS Q&A 13 Copyright of Royal Dutch Shell plc 28/4/2011
Slide 14: Royal Dutch Shell plc First Quarter 2011 Results
ROYAL DUTCH SHELL PLC FIRST QUARTER 2011 RESULTS THE HAGUE APRIL 28th, 2011 14 Copyright of Royal Dutch Shell plc 28/4/2011