PRESENTATION NAME - Indian Oil Corporation Limited
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Transcript PRESENTATION NAME - Indian Oil Corporation Limited
Annual Press Conference
New Delhi, 30th May 2011
4/8/2015
1
Presentation Itinerary
Reflections
Spotlights
Physical Performance
Financial Performance
Open Session
4/8/2015
2
Reflections - Global
Economic recovery gaining strength
% GDP growth
2009
2010
World
-0.5
5.0
USA
-2.6
2.8
Source : International Monetary Fund, World Economic Outlook Database, April 2011
High & Volatile Crude Oil Prices
Political Turmoil in MENA : 35% suppliers of crude oil
2010-11 : Highest Indian Crude Basket (ICB) Price (US$ 113.09/bbl)
2011-12 : Highest Indian Crude Basket (ICB) Price (US $ 121.90/bbl)
Improvement in Refining Margins
Gas oil - Dubai Crack USD 5.11 /bbl (2009-10) to USD 11.52/bbl (2010-11)
MS-Dubai Crack USD 6.70/BBL (2009-10) to USD 8.36/bbl (2010-11)
Growing Concern for Environment
4/8/2015
3
Reflections - India
2nd fastest growing large Economy
% GDP growth
4/8/2015
China
India
FY 2011
9.6
8.6
FY 2010
10.3
7.4
FY 2009
9.2
6.7
4
Reflections - India
4th Largest Economy in terms of GDP (PPP)
Unit: Billion, International Dollar
USA
China
Japan
India
14,657.80
10,085.71
4,309.53
4,060.39
Source : International Monetary Fund, World Economic Outlook Database, April 2011
Primary Energy Consumption (Mtoe)
Biomass &
Wastes, 164.0
Other
Renewable,
1.0
Oil, 145
Gas, 36.0
Hydro, 10.0
Nuclear, 4.0
Coal, 261.0
4/8/2015
5 IEA
Source : World Energy Outlook 2010,
Reflections - India
MS, HSD,SKO & LPG Consumption
Million Tonne
Growth Driver
Higher growth in automobile
sector
4 wheeler sales (29.3%)
2 wheeler sales (25.8%)
Total POL Consumption grew by 2.9% in 2010-11
4/8/2015
6
Spotlights – IndianOil
Highest ever Turnover of ` 3,28,744 crore
A Maharatna Company since Nov 2010
Refinery Capacity addition in 2010-11
Haldia from 6 to 7.5 MMTPA
Panipat from 12 to 15 MMTPA
Largest Refiner of the Country – 65.7 MMTPA
IndianOil’s Refining Capacity Share - 34.7%
range of Petrochemicals joins IndianOil’s league
of top Brands
Added 358 KM of pipeline length during the year
4/8/2015
7
Physical
Performance
8
Marketing
IndianOil in every part in every heart
Domestic POL Sales & Exports
Market Share
48.7%
48.6%
64.5
68.2
70.0
60.0
50.0
3.6
1.1
2.5
6.5
0.5
4.5
1.8
2.5
6.2
0.5
Million Tonne
49.6%
70.8
4.0
1.7
2.38
5.97
0.55
40.0
30.0
28.0
30.1
6.0
2.8
5.1
2.5
6.0
2008-09
2009-10
31.59
20.0
10.0
0.0
2.8
5.8
1.6
5.77
3.14
6.35
2.54
Exports
Others
BIT
FO/LSHS
Lube Grease
LDO
HSD
SKO
ATF
MS
Naphtha
2010-11
Highest ever Petroleum Products Sales (Domestic), 66.8 MMT (5% Growth) in 2010-11
4/8/2015
9
Marketing
Reaching out touching lives
LPG Domestic consumer base widened to over
618 lakh.
Added more than 44 Lakh new consumers
Continued rural thrust for Inclusive Growth
Commissioned 570 Kisan Sewa Kendras (KSK) out
of 820 new ROs
Rajiv Gandhi Gramin LPG Vitaran Yojana
(RGGLVY) launched – 145 commissioned in 13
states
4/8/2015
10
Marketing Touchpoints
IndianOil in every part in every heart
~ 54% of India’s Oil Marketing Infrastructure
LPG Bottling Plants
89 (48.9%)
As on 1.4.2011
Petrol/Diesel Outlets
19,463 (46.4%)
Including 3517 KSKs
Bulk Consumer
Pumps
7,780 (88.8%)
Terminals/Depots
140 (40.7%)
SKO/LDO Dealerships
3,960 (60.0%)
4/8/2015
Aviation Fuel Stations
96 (52.8%)
LPG Distributorships
5,456 (51.8%)
Figures in Bracket indicate % share in Industry
11
Refining – Sterling Performance
Crude Throughput
Million Tonne
Highest-ever throughput in 2010 - 11
4/8/2015
12
Refining – Creating Milestones
More than 100% Capacity Utilization for 5
consecutive years
Highest ever Distillate Yield, 75.4 % wt
Lowest ever Specific Energy Consumption, 59.0
MBN
BS IV/III Grade MS/HSD Quality improvement
Projects completed in all Refineries
4/8/2015
13
MBN - An energy index defined as Mbtu/Bbl/NRGF
Pipelines – Underground Highways
Million Tonne
Throughput
59.8
65.0
68.5
Products
Crude Oil
4/8/2015
Highest-ever throughput in 2010-11
14
Pipelines – Underground Highways
IndianOil’s cross country Pipelines network
spreads to 10899 km reaching new destinations
Transported 68.5 MMT of Crude Oil & Products,
the highest ever
Entered into a new era of Natural Gas
transportation
• Commissioned 132 Km long Dadri-Panipat RLNG pipeline
4/8/2015
15
R&D
Shaping Corporate Dreams
Formulations & Technologies developed
132 Formulations developed – more than 80%
commercialized in 2010-11
Cost effective Hydro-processing route developed
for ATF production
Dual mode de-asphalting Technology developed
to enhance Distillate Yield
Patents Active – 212*
India
USA
Others
Total
Lubes
Ref.
Others
Total
111
48
53
212
39
86
87
212
4/8/2015
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(*As on 20.5.2011)
R&D
The Power of Possibilities
New Development Initiatives
Servo Agro Spray Oil: An eco-friendly, Biodegradable, non-toxic & pesticide free Oil
developed & widely marketed
Mosquito Larvaecide Oil developed with an
excellent field trial result
Bio-Degradable Rubber Spray Oil: Approved by
Rubber Research Institute, Kottayam, Kerala
‘Hydrogen-CNG’ run 3 wheeler completed 18000
km long Field Trial
4/8/2015
17
Petrochemicals – Forward Integration
Petrochemicals Sales
LAB
MEG
Polyethylene
PX-PTA
Polypropylene
652
104
113
151
540
412
939
TMT
528
447
128
124
124
2008-09
2009-10
2010-11
Market Leader in LAB Sales
New products launched in 2010-11: Polypropylene, Polyethylene & MEG
4/8/2015
18
18
Gas – Target Growth Area
Gas Sales
Million Tonne
Highest-ever sales in 2010-11
4/8/2015
19
Gas - Target Growth Area
Sales Volume increased by 21% to 2.3 MMT
IndianOil’s 1st LNG import Terminal at Ennore,
Tamil Nadu is under implementation
Bagged 3 major Cross Country Gas Pipeline Bids
in consortium with GSPC, HPCL & BPCL
Mallavaram (AP) - Bhilwara (Rajasthan)
Mehsana (Gujarat) - Bhatinda (Punjab)
Bhastinda – Jammu- Srinagar (J&K)
4/8/2015
20
Exploration & Production –
Upstream Integration
Domestic Blocks : 13
GK-OSN-2009/1
GK-OSN-2009/2
MB-OSN-2004/1
AAP-ON-94/1
AA-ONN-2001/2
MB-OSN-2004/2
NK-CBM-2001/1
BK-CBM-2001/1
CB-ONN-2005/7
WB-OSN-2000/1
MN-OSN-2000/2
KG-DWN-2005/1
4/8/2015
21
Exploration & Production –
Upstream Integration
Overseas Blocks : 10
Carabobo Project-1, Venezuela
Area 95/96, Libya
Area 86, Libya
Block 102/4, Libya
Farsi, Iran
Block 82, Yemen
Block 83, Yemen
OML 142, Nigeria
Block Shakthi, Gabon
4/8/2015
Block-K, Timor-Leste
22
Clean Energy & Sustainability
Pursuing low carbon energy business: Bid and
won 5 MW Solar PV Power Plant under
Jawaharlal Nehru National Solar Mission
“NPCIL-IndianOil Nuclear Energy Corporation”
JV incorporated in our pursuit of becoming
Integrated Energy major
Solar Lantern Initiative rolled out: More than
30,000 lanterns delivered in Rural households
4/8/2015
23
Subsidiaries - Beyond Boundaries
75.1% Stake
• Storage, Terminaling
and Retail trade
Lanka IOC
Limited,
Sri Lanka
(2002)
4/8/2015
IOC Middle East
FZE, Dubai
(2006)
OVERSEAS
SUBSIDIARIES
100% Stake
• Sale of Lubricants in Middle
East countries
IndianOil
Mauritius
Limited,
Mauritius
(2001)
100% Stake
• Aviation,
Retail,
Storage & Quality
24
Assurance
Beyond Business - CSR
Spends upto 2% of retained profit of previous year for CSR
Corporate Social Responsibility focuses on
LPG Schemes
Enrolled ~51,000 Rural BPL customers through RGGLVY
Community Development in areas of
Education, Health & Drinking Water
‘Educational Scholarships’ to Deserving & Meritorious Students
No. of students increased from 450 to 2600 per year
Promotion of Sports through ‘Sports Scholarship’
No. of sportpersons increased from 77 to 150 per year
4/8/2015
Won 12 medals in Commonwealth Games, Delhi
25
Capital Plan Expenditure : 2010-11
R&D
1% (Rs. 66 crore)
Marketing
1% (Rs. 114 crore)
BD
4% (Rs. 377 crore)
Petrochemicals
23%
(Rs. 2231 crore)
Refineries
59%
(Rs. 5836 crore)
Pipelines
12%
(Rs. 1205 crore)
Actual Expenditure in 2010-11: ` 9831 crore
XI Plan Expenditure Target : ` 45430.3 crore
4/8/2015
XI Plan Actual Expenditure (2007-11) : ` 38788.1 crore, (85.4%)
26
Financial
Performance
4/8/2015
27
Turnover
POL
Petrochemicals
Gas
` crore
3,28,744
2,71,095
2659
2831
6231
3528
264908
2009-10
4/8/2015
319683
2010-11
28
Profit Scenario
` crore
PAT
2950
PBT
4329
14106
9096
EBITD
11162
18860
16312
4/8/2015
2008-09
10221
2009-10
7445
2010-11
29
Contribution to Exchequer
` crore
State
Central
4/8/2015
30
Under Recoveries
50000
` crore
10000
0
1026
20000
MS
HSD
LPG (Dom)
SKO (PDS)
( ` Crore)
43112
30000
12648
18673
40000
10765
2010-11
TOTAL
2010-11
Compensation :
Discount from ONGC,OIL&GAIL
Bonds / Cash by Govt.
Total
Net unmet Under Recovery
4/8/2015
Under recovery in MS upto 25th June 2010
16704
22605
39309
3803
31
Under Recoveries (2011-12)
– HSD, SKO, LPG
As on date
Under
Recovery
HSD - `/ Litre
14.66
RSP
(at Delhi )
37.75
SKO (PDS) - `/ Litre
28.27
12.73
LPG (Domestic) - `/ Cylinder
329.73
345.35
Per Day Under Recovery ` 261 crore
Under Recovery of IOCL up to date during 2011-12 is ` 18248 Cr.
4/8/2015
32
Rising Borrowings -
A growing Concern
` crore
During 2011-12, borrowings have increased by more than ` 15,000
Crore due to rising under recoveries on sale of regulated products.
4/8/2015
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Key Financial Ratios
Net worth
(Rs. crore)
Market
Capitalization
(Rs. crore )
EPS (Rs.)
Book Value /
Share (Rs.)
2008-09
43,998
46,240
12.2
181.2
2009-10
50,553
72,049
42.1
208.21
2010-11
55,332
81,154
30.67
227.90
4/8/2015
34
Before we conclude…
A look at IndianOil Brands
4/8/2015
35
35
OPEN SESSION
36
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