Shell Plc · LSE:SHEL
Shell — Royal Dutch Shell — Q1 2013 Earnings Presentation
15 slides from Shell's earnings presentation, May 2, 2013
Slide 1: Delivering Innovative & Competitive Performance: First Quarter 2013 Results
DELIVERING INNOVATIVE & COMPETITIVE PERFORMANCE FIRST QUARTER 2013 RESULTS ROYAL DUTCH SHELL PLC 2 MAY 2013 Copyright of Royal Dutch Shell plc 2 May, 2013 1
Slide 2: Delivering Innovative & Competitive Performance - Simon Henry, CFO
DELIVERING INNOVATIVE & COMPETITIVE PERFORMANCE SIMON HENRY CHIEF FINANCIAL OFFICER ROYAL DUTCH SHELL PLC 2 MAY 2013 Copyright of Royal Dutch Shell plc 2 May, 2013 2
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: Q1 2013 Overview
Q1 2013 OVERVIEW Q1 Q1 Q1 2013 results 2012 2013 $ billion Q1 earnings $7.5 billion; EPS +2% UPSTREAM 6.3 5.7 CFFO $11.6 billion DOWNSTREAM (CCS) 1.1 1.8 Q1 2013 dividend increase +5% CORPORATE & MINORITIES -0.1 0 CCS NET EARNINGS 7.3 7.5 CCS EARNINGS, $ PER SHARE 1.17 1.19 Growth delivery P
Slide 5: Prices & Margins
PRICES & MARGINS SHELL OIL & GAS REALISATIONS INDUSTRY REFINING MARGINS INDUSTRY CHEMICALS MARGINS $/barrel $/mscf $/barrel $/tonne 12 1000 8 10 110 800 8 7 600 100 6 4 400 6 90 2 200 0 80 5 -2 0 Q112 Q212 Q312 Q412 Q113 Q112 Q212 Q312 Q412 Q113 Q112 Q212 Q312 Q412 Q113 Oil US West Coast US ethane G
Slide 6: Q1 2013 Financial Highlights
Q1 2013 FINANCIAL HIGHLIGHTS EARNINGS Q1 2012 TO Q1 2013 EARNINGS Q1 2012 TO Q1 2013 $ billion $ billion 0.7 (0.4) (0.4) 8 8 0.6 0.0 0.7 0.1 (0.6) (0.2) 6 6 4 4 7.3 7.5 7.3 7.5 2 2 0 0 Earnings CCS basis, Earnings excluding identified items Copyright of Royal Dutch Shell plc 2 May, 2013 6
Slide 7: 12 Months Cash Performance: Balancing Cash Generation, Investment + Payout
12 MONTHS CASH PERFORMANCE GROUP UPSTREAM DOWNSTREAM $ billion $ billion $ billion 0 15 30 45 0 15 30 45 0 15 30 45 CFFO ex WC movements Asset Sales Acquisitions Buybacks Working capital movements Capex Dividend BALANCING CASH GENERATION, INVESTMENT + PAYOUT Copyright of Royal Dutch Shell plc 2 May,
Slide 8: Operational Performance
OPERATIONAL PERFORMANCE OIL AND GAS PRODUCTION Q1 PERFORMANCE million boe/day million tonnes 4 6 UPSTREAM 4 3.6 million boe/d 2 2 Growth from Pearl GTL, Pluto LNG and Eagleford LRS 0 0 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Increased North Sea maintenance + Oil LNG Sales (RHS) Nigeria sabotag
Slide 9: Portfolio Development Q1 2013
PORTFOLIO DEVELOPMENT Q1 2013 Divestment / Notable discovery Acquisition / entry FID Start-ups (Project re- / project progress framing) Carmon Creek AOSP debottlenecking regulatory (10 kboe/d) FUTURE OPPORTUNITIES approval Basrah Gas Company RESOURCES PLAYS Erha North Ph2 (60 kboe/d) DEEP-WATER Prel
Slide 10: Integrated Gas Progress Q1 2013
INTEGRATED GAS PROGRESS Q1 2013 LNG FOR TRANSPORT Agreement with Travelcentres of America 2 LNG lanes at up to 100 TA truck stop sites LNG FOR TRANSPORT Great Lakes Corridor and Gulf Coast Corridor Each for 0.25 mtpa Marine & road transport ELBA LNG JV with Kinder Morgan Phase 1: 1.5 m
Slide 11: Financial Framework
FINANCIAL FRAMEWORK $ billion % CASH PERFORMANCE 20 20 10 10 0 0 2009 2010 2011 2012 13Q1 PAY-OUT INVESTMENT 12 months -10 rolling -10 Free cash flow Dividend Gearing (RHS) Buyback $ billion BALANCE SHEET 50 40 30 MANAGING CASH CYCLE OVER TIME 20 10 IMPROVED FREE CASH FLOW 0 POSITION + CASH RETURNS
Slide 12: Competitive Performance: Shell + Other Majors
COMPETITIVE PERFORMANCE SHELL + OTHER MAJORS EARNINGS PER SHARE GROWTH CASH FLOW PER SHARE GROWTH % growth % growth 60 60 30 40 0 Shell 20 -30 -60 0 Shell -20 2010-2012 2011-2012 PRODUCTION GROWTH PAYOUT % growth dividend $ billion 2012 payout ratio % 5 12 60 0 8 40 -5 4 20 -10 0 0 Shell Shell 2009
Slide 13: Delivering Our Strategy
DELIVERING OUR STRATEGY Q1 2013 results Q1 earnings $7.5 billion; EPS +2 % CFFO $11.6 billion Q1 2013 dividend increase +5% Growth delivery Performance from recent start-ups 4 final investment decisions Refreshing the portfolio Selective A&D Acquisitions: Upstream engine + integrated g
Slide 14: Questions & Answers
FIRST QUARTER 2013 RESULTS QUESTIONS & ANSWERS Copyright of Royal Dutch Shell plc 2 May, 2013 14
Slide 15: Delivering Innovative & Competitive Performance: First Quarter 2013 Results
DELIVERING INNOVATIVE & COMPETITIVE PERFORMANCE FIRST QUARTER 2013 RESULTS ROYAL DUTCH SHELL PLC 2 MAY 2013 Copyright of Royal Dutch Shell plc 2 May, 2013 15