Royal Dutch Shell plc third quarter 2014 results presentations

Title: Balancing Growth & Returns – Third Quarter 2014 Results – 30 October 2014 – Royal Dutch Shell PLC

Duration: 3:10 minutes

Description:

Simon Henry CFO of Shell comments on the Q3 2014 results and portfolio developments.

Balancing Growth & Returns – Third Quarter 2014 Results – 30 October 2014 – Royal Dutch Shell PLC Film Transcript

 

[Graphic]

Shell logo on white background with video title underneath.

 

[Video footage]

Back of man in a hard hat climbing metal structure.

 

[Video footage]

Head and shoulders of Simon Henry

 

[Simon Henry]

“Hello, I am Simon Henry, the CFO of Royal Dutch Shell.

Today I’d like to give you an overview of our third quarter results and portfolio development.

Firstly on the results.”

[Text displays]

Simon Henry
Chief Financial Officer

 

[Video footage]

Full-screen still image evening shot of oil refinery with all lights on. Screen splits and oil refinery stays in bottom half of the screen. In the top half there is a bird’s-eye-view still image of offshore oil rig with helipad.

 

[Text displays]

Third quarter of 2014 clean CCS earnings:

$5.8 billion, EPS + 30%

 

[Video footage]

Top half of image fades into still image of pipes and containers with two men standing on top of the most distant containers.

 

[Simon Henry]

“Third quarter earnings on a current cost of supplies basis, CCs basis excluding identified items, were $5.8 billion, that is a 30% increase in CCS earnings per share versus the same quarter last year.”

[Video footage]

Head and shoulders of Simon Henry

 

[Simon Henry]

“Our earnings were supported by better Downstream margins and operating performance, by new higher margin Upstream production, by lower exploration expenses and higher Integrated Gas results. Our overall upstream production volumes are lower, but margins are higher, as our strategy of investing in profitable projects with or without equity production pays off.”

[Video footage]

First still image of worker in hard gat and with face covered by hi-vis jacket, squatting amongst pipes.

Second still image of oil tanker fades in of oil tanker which takes up three quarters of screen from right to left. First image can still be seen in final quarter on far left.

Third still image of man in hard hat walking down pathway within works area takes up half of screen, leaving strips of first and second images visible on left-hand side of screen.

Fourth still image of oil rig fades onto right-hand third of the screen, leaving strips of other images visible to the left.

[Simon Henry]

“Our new projects are delivering benefits to the bottom line now. We are having a strong year in portfolio development.”

[Video footage]

Simon Henry head and shoulders

[Simon Henry]

“We saw first oil at Gumusut-Kakap. In Malaysia, this completes the list of four, Shell-operated deep water start-ups that we’d planned for 2014.  We’ve also taken final investment decision on new deep-water fields.”

[Video footage]

Still image of offshore oil rig with helipad.

Right-hand first quarter of screen fades to still sunset shot from oil rig.

First image fades out and is replaced by still of oil rig.

[Simon Henry]

And we moved the potential 100,000 barrel-oil-equivalent per day Vito field in the Gulf of Mexico into the front end engineering and design, or FEED part of a project flow for the end of the decade and beyond.

[Video footage]

Head and shoulders of Simon Henry.

[Graphic]

Priorities have not changed

[Simon Henry]

“Now, we aim to grow cash flow through the business cycle and deliver competitive shareholder returns. The priorities we set out at the start of this year have not changed. We are taking firm actions to improve our capital efficiency by selling selected assets $12 billion of sales so far this year and the conservative balance sheet underpins the financial framework. Dividends are our main route for returning cash to shareholders.”

[Text displays]

Declared $11.3 billion dividends & share buy packs first 9 months of 2014

[Simon Henry]

“We have declared $11.3 billion of dividends and share buy backs in the first 9 months of 2014, and we are expecting dividend distributions and buy-backs of over $30 billion for 2014 and 2015 combined. This underlines our commitment to shareholder returns. Thank you for listening”

[Graphic]

Scrolling white text on black background:

‘Thank you for visiting our site. Please understand that an investments in Royal Dutch Shell plc securities carries with it a risk that you could sustain losses as a result of your investment. Therefore, an investment in Royal Dutch Shell plc securities may not be appropriate for all investors. Accordingly, before investing in our securities we urge you to read our Annual Report and Form 20-F and consider the risks discussed within. You can find our Annual Report and Form 20-F on the link next to this presentation. Again, thank you for your interest in Royal Dutch Shell plc securities.

[Graphic]

Full screen of text entitled ‘Definitions & Cautionary note’ on grey background with Shell logo in top right-hand corner.

[Graphic]

Shell logo on white background.

[Text displays]

Shell International Limited 2014