Shell Plc · LSE:SHEL
Shell — Royal Dutch Shell — Q1 2010 Earnings Presentation
14 slides from Shell's earnings presentation, Apr 28, 2010
Slide 1: Royal Dutch Shell plc First Quarter 2010 Results
ROYAL DUTCH SHELL PLC FIRST QUARTER 2010 RESULTS THE HAGUE APRIL 28, 2010 1 Copyright of Royal Dutch Shell plc 28/04/2010
Slide 2: Simon Henry, Chief Financial Officer
ROYAL DUTCH SHELL PLC FIRST QUARTER 2010 RESULTS SIMON HENRY CHIEF FINANCIAL OFFICER 2 Copyright of Royal Dutch Shell plc 28/04/2010
Slide 3: Definitions and Cautionary Note
DEFINITIONS AND CAUTIONARY NOTE Reserves: Our use of the term “reserves” in this presentation means SEC proved oil and gas reserves for all 2009 data, and includes both SEC proved oil and gas reserves and SEC proven mining reserves for 2007 and 2008 data. Resources: Our use of the term “resources” i
Slide 4: Summary
SUMMARY IMPROVING FINANCIAL PERFORMANCE PERFORMANCE FOCUS + GROWTH DELIVERY PROGRESSING NEXT GENERATION PROJECT OPTIONS 4 4 Copyright of Royal Dutch Shell plc 28/04/2010
Slide 5: Prices and Margins
PRICES AND MARGINS SHELL OIL & GAS REALIZATIONS INDUSTRY REFINING MARGINS INDUSTRY CHEMICALS MARGINS $/BARREL $/MSCF $/BARREL $/TONNE 80 7 12 500 10 400 70 6 8 300 6 60 5 200 4 100 2 50 4 0 0 40 3 -2 -100 US ETHANE US WEST COAST ROTTERDAM OIL GAS WESTERN EUROPE NAPHTHA (rh scale) US GULF COAST SINGA
Slide 6: Q1 2010 Financial Highlights
Q1 2010 FINANCIAL HIGHLIGHTS CCS EARNINGS ($ BILLION) Q1 2009 TO Q1 2010 ($ BILLION) 6 Q1 10 Q1 09 UPSTREAM 4.3 1.9 DOWNSTREAM 0.8 1.2 5 BUSINESS SEGMENTS TOTAL 5.1 3.1 CORPORATE & MINORITIES (0.3) (0.1) 4 NET EARNINGS 4.8 3.0 EARNINGS PER SHARE 0.79 0.48 3 CASH FROM OPERATIONS 4.8 7.6 2 DIVIDENDS 2
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 Q109 Q209 Q309 Q409 Q110 Q109 Q209 Q309 Q409 Q110 INTEGRATED GAS GAS LNG SALES (MLN TONNES) OTHER UPSTREAM OIL Excluding Identified Items 7 Copyright of Royal Dutch Shell plc 28/
Slide 8: Performance Focus: New Upstream Projects
PERFORMANCE FOCUS: NEW UPSTREAM PROJECTS KEY POST-FID PROJECTS IMPACT OF KEY START-UPS KBOE/D ENTITLEMENT ‘08-’09 START UPS ‘12-’13 START UPS 1,200 ‘10-’11 START UPS ’14 + START UPS Gjoa 900 AOSP-1 Corrib Sakhalin II 9 600 NA Kashagan Ph 1 Schoonebeek Tight gas 300 Iraq SAS Caesar Qatargas 4 Pearl G
Slide 9: Downstream Performance
DOWNSTREAM PERFORMANCE CCS EARNINGS AVAILABILITY AND SALES VOLUMES $ BILLION % AVAILABILITY VOLUME 100 7 1.5 1 95 6 0.5 90 5 0 85 4 -0.5 -1 80 3 Q109 Q209 Q309 Q409 Q110 Q109 Q209 Q309 Q409 Q110 OIL PRODUCTS REFINERY AVAILABILITY OIL PRODUCT SALES (MLN BBLS/D) CHEMICALS CHEMICALS AVAILABILITY CHEMIC
Slide 10: Cash Performance
CASH PERFORMANCE 12 MONTHS BUSINESSES GROUP $ BILLION $ BILLION 30 50 UPSTREAM DOWNSTREAM SOURCES USES SOURCES USES 25 40 20 30 15 20 10 SOURCES USES 10 5 0 0 CASH FLOW FROM OPERATIONS EXCL. NET ACQUISITIONS MOVEMENTS IN WORKING CAPITAL CAPEX (EXCL. ACQUISITIONS) + EQUITY ACC. INVESTMENTS ASSET SALE
Slide 11: Portfolio Progress Year-to-Date
PORTFOLIO PROGRESS YEAR-TO-DATE EXPLORATION GoM • 3 discoveries: South Deimos, Appomattox, Cardamom Deep – U sands • Vito appraisal • Fast-track options COSAN JV MoU • 4,500 retail stations • 2 bln litre/yr biofuel production NJ Thompson Rig: Vito Appraisal • US$12 bln joint venture NIGERIA NEW ZEAL
Slide 12: Summary
SUMMARY IMPROVING FINANCIAL PERFORMANCE • Q1 2010 CCS earnings $4.9 billion: CCS EPS +48% Q109-Q110 • Higher oil prices & upstream volumes; improved chemical margins; Shell performance PERFORMANCE FOCUS + GROWTH DELIVERY • Downstream asset sales: New Zealand exit, Africa review • Start-up Perdido +
Slide 13: Q&A
ROYAL DUTCH SHELL PLC FIRST QUARTER 2010 RESULTS Q&A 13 Copyright of Royal Dutch Shell plc 28/04/2010
Slide 14: Royal Dutch Shell plc First Quarter 2010 Results
ROYAL DUTCH SHELL PLC FIRST QUARTER 2010 RESULTS THE HAGUE APRIL 28, 2010 14 Copyright of Royal Dutch Shell plc 28/04/2010