Shell Pilipinas Corporation · PSE:SHLPH

Shell Pilipinas — Q1 2023 Earnings Presentation

14 slides from Shell Pilipinas's earnings presentation, May 11, 2023

  1. Slide 1: 1Q 2023 Results

    1Q 2023 RESULTS Shell Pilipinas Corporation (formerly Pilipinas Shell Petroleum Corporation) May 11, 2023 Shell Pilipinas Corporation #PoweringProgress

  2. Slide 2: Definitions and cautionary note

    Definitions and cautionary note References in this presentation to “our Company” or the “Corporation” and to “SPC” refer to SHLPH. The words “we”, “us” and “our” are used to refer to SHLPH or to those who work for SHLPH. This presentation contains forward-looking statements concerning the financial

  3. Slide 3: Executive Summary

    Executive Summary Key Messages Strong  Core earnings up 45% vs prior year as marketing businesses continue to partner in Powering deliver higher volumes & margins, sustaining the 2H 2022 momentum Shellnation Group Brand progress  Marketing delivers 8% volume growth despite higher inflation & softe

  4. Slide 4: Global & local recovery muted by inflation & high interest rates

    Global & local recovery muted by inflation & high interest rates GLOBAL GLOBAL Strengthening of peso continues in 1Q 2023 Fuel prices at a downtrend since 3Q22 Currencies vs USD as of March 2023 170.0 176.8 141.7 164.3 129.1 51.96 113.9 -2% 133.5 148.8 120.8 107.7 55.02 54.43 130.0 -7% -7% 110.5 127

  5. Slide 5: Core Earnings up 45% at PHP0.8b vs PY, driven by strong marketing delivery

    Core Earnings up 45% at PHP0.8b vs PY, driven by strong marketing delivery Q1 2023 at PHP0.3b loss vs PHP3.5b income in PY due to inventory holding losses Net Income After Tax NFR Income Core Earnings (excl. COSA & one-offs) PHP -PHP0.3b PHP PHP0.8b PHP0.7b vs PHP3.5b in prior year +15% vs prior yea

  6. Slide 6: Core earnings up 45% driven by higher marketing volumes & margins

    Net Earnings/(Loss) Core Earnings Core earnings up PHPb PHPb 45% driven by 5 1.5 20% 25% higher marketing 3 5% 15% 1.0 volumes & margins 3.5 1.3 1.4 5% 0.5 1 1.1 1 0.5 -0.3 0.8 0.6 -5% -1 - -15% -0.2 -0.1 -3 -20% -25% (0.5) -0.6 1Q21 1Q22 1Q23 (1.0) Marketing Corporate/Supply Chain/Others NIAT-FIFO

  7. Slide 7: Enhancing Customer Experience

    MOBILITY Enhancing our 1Q 2023 VOLUME Increase in Volume V-Power volume up 10% vs 1Q 2022 since the new +8% Premium Products Push V-Power launch in February footprint while vs 1Q 2022 recovering our volumes 27% Premium Fuel Penetration profitably 1Q 2023 NEW SITES >1,150 sites in total 7 vs 3 new si

  8. Slide 8: Non-Fuels Retail profits now 39% higher than pre-pandemic levels

    MOBILITY Operating Profit PHPb Promoting Sustainable Electric Non-Fuels Retail 1Q23 725 Transportation profits now 39% 1Q22 630 higher than pre- 1Q21 498 COVID impact pandemic levels 1Q20 516 1Q19 521 1Q18 467 1Q17 387 1Q16 347 Increase in NFR Income since 2016 +109% +15% vs PY +39% vs 2019 (pre-COV

  9. Slide 9: Driving sustainability through lower carbon offers and operations

    Driving sustainability through lower carbon offers and operations LOWER CARBON PRODUCTS & SERVICES LOWER CARBON OPERATIONS Low Carbon Mobility Hub Installations @ 2025 Shell Card Reclaimed Program Launched in January 2023, this service LED lights 444 500 allows fleet card customers to recycle their

  10. Slide 10: B2B continues growth momentum as commercial volumes increase by 8%

    COMMERCIAL Aviation Lubricants B2B continues growth  1Q 2023 volume up 48% vs PY, more than doubled vs 1Q 2021  1Q 2023 volume up 2% vs PY, +15% vs 1Q 2021 coming from new customer wins & utilization of momentum as  Almost 80% recovered vs pre-pandemic level e-commerce platforms volumes  Deliver

  11. Slide 11: Delivering reliably & safely while reducing carbon emissions

    SUPPLY CHAIN Delivering reliably & safely while reducing carbon emissions  Strong HSSE Performance. 1,321 days of goal zero  96% on-time and in-full pick-up & road delivered  ~2,000 number of trees equivalent CO2 reduction from road transport optimization & use of renewable energy in SHIFT  100%

  12. Slide 12: Shell Pilipinas Corporation 2023 Targets

    SHELL PILIPINAS CORPORATION STRONG PARTNER 2023 TARGETS IN NATION BUILDING  Volume & core earnings in line or higher than 2023 GDP  Positive Retained Earnings for Dividend Distribution  P5–6b CAPEX: 40-60 new mobility sites + supply chain enhancements  Double digit growth in NFR  High premium p

  13. Slide 13: Discover more at www.pilipinas.shell.com.ph

    Discover more at www.pilipinas.shell.com.ph pilipinas.shell.com.ph/investors.html facebook.com/Shell Shell Pilipinas Corporation Shell Pilipinas Corporation 13

  14. Slide 14: Slide 14

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