Shell Plc · LSE:SHEL
Shell — Royal Dutch Shell — Q1 2012 Earnings Presentation
14 slides from Shell's earnings presentation, Apr 26, 2012
Slide 1: Royal Dutch Shell plc First Quarter 2012 Results
ROYAL DUTCH SHELL PLC FIRST QUARTER 2012 RESULTS THE HAGUE APRIL 26, 2012 Copyright of Royal Dutch Shell plc 26 April, 2012 1
Slide 2: First Quarter 2012 Results - Simon Henry, CFO
ROYAL DUTCH SHELL PLC FIRST QUARTER 2012 RESULTS SIMON HENRY CHIEF FINANCIAL OFFICER Copyright of Royal Dutch Shell plc 26 April, 2012 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: Summary
SUMMARY Performance focus Q1 earnings $7.3 bln; EPS +15% 2012 asset sales increased to > $4 bln CONTINUOUS IMPROVEMENT Growth delivery 4% underlying production growth GROWTH DELIVERY Start-up of 3 new projects Resumption of dividend growth MATURE NEW OPTIONS PERFORMANCE FOCUS New growth op
Slide 5: Prices & Margins
PRICES & MARGINS SHELL OIL & GAS REALISATIONS INDUSTRY REFINING MARGINS INDUSTRY CHEMICALS MARGINS $/barrel $/mscf $/barrel $/tonne 8 1000 10 110 800 8 7 600 6 100 400 4 6 2 200 90 0 0 80 5 -2 -200 Q111 Q211 Q311 Q411 Q112 Q111 Q211 Q311 Q411 Q112 Q111 Q211 Q311 Q411 Q112 Oil US West Coast US ethane
Slide 6: Q1 2012 Financial Highlights
Q1 2012 FINANCIAL HIGHLIGHTS Q1 2011 TO Q1 2012 $ billion Q1 2011 Q1 2012 UPSTREAM 4.6 6.3 8 DOWNSTREAM (CCS) 1.7 1.1 BUSINESS SEGMENTS TOTAL 6.3 7.4 CORPORATE & MINORITIES 0 (0.1) 6 CCS NET EARNINGS 6.3 7.3 CCS EARNINGS, $ PER SHARE 1.02 1.17 4 CASH FROM OPERATIONS 8.6 13.4 2 SHARE BUY BACKS - - DI
Slide 7: Q1 2012 Performance
Q1 2012 PERFORMANCE UPSTREAM DOWNSTREAM earnings in $ billion earnings in $ billion 6 2 4 1 2 0 0 -1 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Other Upstream Integrated Gas Oil Products Chemicals production in million boe/day million tonnes % availability volume
Slide 8: Cash Performance 12 Months
CASH PERFORMANCE 12 MONTHS BUSINESSES GROUP $ billion $ billion 40 Sources 60 Sources 50 30 Uses 40 Uses 20 30 20 Sources 10 Uses 10 0 - Upstream Downstream Cash flow from Operations excl. net movements in working capital Capex (excl. acquisitions) + Equity Acc. Investments Asset sales Dividend Acqu
Slide 9: Capital Efficiency & Portfolio Focus
CAPITAL EFFICIENCY & PORTFOLIO FOCUS INCREASING OUR ASSET SALES TARGET DIVESTMENTS 2009-2011 Q1 portfolio development Prelude dilution + strategic partnering $17 Ongoing portfolio refocus: BILLION Non-core Upstream and Downstream Continued exploration acreage build ACQUISITIONS 2009-2011 $15
Slide 10: Growth Delivery + New Options: Portfolio Progress Q1 2012
GROWTH DELIVERY + NEW OPTIONS PORTFOLIO PROGRESS Q1 2012 FUSHUN – YONGCHUAN 1st PSC shale gas China 3,500 km2 CNPC/Shell North Sea, UK Canada onshore Nova Scotia, Albania Canada US onshore PORT ARTHUR 325 kbd refinery APPOMATTOX APPRAISAL expansion Resources potential 500 mboe Starting
Slide 11: Dividend Track Record
DIVIDEND TRACK RECORD RDS VERSUS FTSE 100 RDS VERSUS PEERS – 10-YEAR CUMULATIVE DIVIDEND Total dividend growth rate versus 2006 $ billion 100 30% 80 20% 60 40 10% 20 0% 0 2006 2007 2008 2009 2010 2011 RDS Other majors -10% -20% RDS dividend growth FTSE100 dividend growth RDS dividend declared per sh
Slide 12: Summary
SUMMARY Performance focus Q1 earnings $7.3 bln; EPS +15% 2012 asset sales increased to > $4 bln CONTINUOUS IMPROVEMENT Growth delivery 4% underlying production growth GROWTH DELIVERY Start-up of 3 new projects Resumption of dividend growth MATURE NEW OPTIONS PERFORMANCE FOCUS New growth op
Slide 13: Questions & Answers
FIRST QUARTER 2012 RESULTS QUESTIONS & ANSWERS Copyright of Royal Dutch Shell plc 26 April, 2012 13
Slide 14: Royal Dutch Shell plc First Quarter 2012 Results
ROYAL DUTCH SHELL PLC FIRST QUARTER 2012 RESULTS THE HAGUE APRIL 26, 2012 Copyright of Royal Dutch Shell plc 26 April, 2012 14