Shell Plc · LSE:SHEL
Shell — Royal Dutch Shell — Shareholder Meeting (May 2018)
21 slides from Shell's shareholder meeting presentation, May 22, 2018
Slide 1: Annual General Meeting 2018
Annual General Meeting 2018 Royal Dutch Shell plc May 22, 2018 #makethefuture Royal Dutch Shell May 22, 2018
Slide 2: Chad Holliday, Chair
Chad Holliday Chair Royal Dutch Shell Royal Dutch Shell May 22, 2018
Slide 3: Definitions & cautionary note
This presentation contains data and analysis from Shell’s new Sky Scenario. Unlike Shell’s previously published Mountains and Oceans exploratory scenarios, the Sky Scenario is targeted through the assumption that society reaches the Paris Agreement’s goal of holding global average temperatures to we
Slide 4: You can be sure of Shell
“You can be sure of Shell” Royal Dutch Shell May 22, 2018 4
Slide 5: Strategic ambition
Strategic 2017 ambition Vision embedded in CEO individual performance targets Thrive in the energy Support for the Paris agreement, reporting aligned to TCFD transition Net Carbon Footprint ambition Year of transformation World-class investment case Strong financial delivery + strengthened
Slide 6: You can be sure of Shell
“You can be sure of Shell” Royal Dutch Shell May 22, 2018 6
Slide 7: Ben van Beurden, Chief Executive Officer
Ben van Beurden Chief Executive Officer Royal Dutch Shell Royal Dutch Shell May 22, 2018
Slide 8: Summary
Summary 2017 Year of transformation Thrive in the energy Strong financial delivery + strengthened financial framework transition Growth momentum World-class investment case Strong license to operate Royal Dutch Shell May 22, 2018 8
Slide 9: BG Acquisition: significant changes delivered
Status Q1 2018 Significant changes BG ~$28 billion delivered since early ‘16 Acquisition Free cash flow1 at Completed and fully integrated $57 per barrel ~$8 billion ~$26 billion Free cash flow1 and ~15% ROACE in 2 Divestments completed3 Downstream 1: 4-quarters rolling Q1 2018; 2: ROACE on CCS basi
Slide 10: Cash flow priorities
World-class investment case Cash flow priorities 1 2 3 Buybacks Priorities Debt reduction Dividends & capital for cash investment Continue to reduce Cancel scrip dividend Buy back shares gearing to 20% Progress towards a world-class investment case At least $25 billion* Increase shareholder di
Slide 11: Strong cash momentum continues
Strong cash Cash flow from operations excluding working capital movements momentum $ billion 99 52 44 54 continues +60%; +$14.5 billion 2017 CFFO excl. working capital $39 movements Cash flow from operations excluding working capital movements (billion) # Average Brent oil price ($/bbl) Working capi
Slide 12: Dividend + share price record
Dividend + share Dividend declared Share price - 2017 till now price record $ billion 1/1/2017 = 100% 16 115% 110% 12 105% 100% 8 95% 90% 4 85% 0 80% 2010 2011 2012 2013 2014 2015 2016 2017 Jan Mar Apr Jun Jan May Aug Oct Mar Jul Sep Nov Apr 1/1/17 Dec Feb Feb Shell 10,31 10,45 10,80 11,34 11,88 11,
Slide 13: HSSE performance
HSSE Goal Zero on safety Operational spills performance Injuries – TRCF/million working hours million working hours Volume in thousand tonnes 10 Number of spills 500 800 4 600 400 5 250 2 200 0 0 0 0 2007 2009 2011 2013 2015 2017 2007 2009 2011 2013 2015 2017 TRCF Working hours Volume Number Upstrea
Slide 14: NAM
NAM January A 50:50 Joint Venture with Earthquake Zeerijp with a force Shell and ExxonMobil of 3.4 on the scale of Richter November August NAM submits 5 years updated January since Hazard SodM advice to minister March Huizinge and Risk on gasproduction level. Gas “NAM at a earthquake Assessment prod
Slide 15: Ambition – Net Carbon Footprint
Thrive in the energy transition Ambition to reduce Net Ambition for Net Carbon Footprint1 Ambition – Net Carbon Footprint1 of our WtW gCO2e/MJ1 Carbon Footprint energy products by around 20% by 2035 Shell “business as usual” Covers full range of emissions from energy products (Scope 1, 2 and 33) ~
Slide 16: Shareholder resolution – response
Shareholder Shell’s approach goes further than Our Net Carbon Footprint ambition resolution – shareholder resolution requests moves in line with society response We include emissions from: Shell cannot predict society and government (The production of) Shell’s energy products future actions
Slide 17: Power value chain
Power value chain SUPPLY AND CUSTOMERS OPTIMISATION GENERATION Multiple parties are active on Leverage portfolio flexibility and Not all products are supplied by Shell; the demand side arbitrage opportunities some are purchased from third parties Secure demand in key markets Optimise intermitten
Slide 18: Leading through the energy transition with tangible actions
Leading through the energy transition with tangible actions Hydrogen network development USA & Germany 20+ ‘recharge’ locations UK & The Netherlands 500 ultra-fast charge posts Integrated charging solutions with IONITY in next 2 years Europe Royal Dutch Shell May 22, 2018 18
Slide 19: Strategic ambition
Strategic 2017 ambition Year of transformation Thrive in the energy Strong financial delivery + strengthened financial framework transition Growth momentum World-class investment case Strong license to operate Royal Dutch Shell May 22, 2018 19
Slide 20: Update for investors
OPL 245 Update for investors Responsible investor briefing – April 16, 2018 April 16, 2018 Ben van Beurden, Chief Executive Officer, Hans Wijers, Non-Executive Director and Chair of the Corporate and Social Responsibility Committee, Harry Brekelmans, Projects & Technology Director, Donny Ching, Lega
Slide 21: Annual General Meeting 2018
Annual General Meeting 2018 Royal Dutch Shell plc May 22, 2018 #makethefuture Royal Dutch Shell May 22, 2018