1/2 sheet black paper (body)
1/2 sheet black paper folded in half (wings/flippers)
1/4 sheet white paper (belly)
1/4 sheet orange paper folded in half (beak and feet)
So first they drew an oval on the 1/2 sheet of black paper and cut it out. Then they drew a smaller oval on the folded piece of black paper. When they cut that out, they had two. (Most of them were actually surprised they had two!)
Fun Fact: At about 4 feet tall, the Emperor Penguin is the largest species of penguin.