3052013 New Delhi 1 Structure of the presentation 2 5312013 3 Industry Synopsis Economy and oil Indian economy grows at 5 POL consumption 1554 MMT in 201213 from 1481 MMT during 201112 ID: 1029557
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1. Annual Press Conference 201330.5.2013New Delhi1
2. Structure of the presentation2
3. 5/31/20133Industry Synopsis
4. Economy and oilIndian economy grows at 5%POL consumption @ 155.4 MMT in 2012-13 from 148.1 MMT during 2011-124
5. Indian oil and gas overview5Crude imports (volume) - CAGR 9.2% since 2005-06Import dependency about 77% from 76% in 2011-12Crude import bill @ USD 144 billion - CAGR 20.6% since 2005-06Domestic oil production stagnant at ~38 MMT Gas production declined to 40.7 BCM from 47.6 BCM in 2011-12
6. Oil dynamics6Moderation in Indian crude basket - Average price at USD 108/bbl vs. USD 112/bbl in FY 12Av. Indian Crude Basket: USD 108/ bbl
7. 7At the core of IndianOil
8. IndianOil – A paragon in the sectorThe highest ranked Indian Company in Fortune Global 500, 2012 listing: 83rd rank
9. IndianOil – A paragon in the sector…The highest ranked Indian Company in Fortune Global 500, 2012 listing: 83rd rank
10. 10The year that was…
11. IndianOil – Redefining growth
12. 12Performanceat a glance
13. 13Highest-ever Distillate Yield of 78.1%: Barauni, Panipat and Bongaigaon > 80%Lowest-ever energy consumption at 56.3: Panipat @ 51, among the best in industryPanipat – capable of processing 90% HS and 20% Heavy crudeRefineries – Performance par excellence78.156.3
14. Highest HS crude processing at 53.3% from 49.2% in 2011-12Heavy/ high TAN crude processing @ 13.4%Crude basket enlarged to 156 crudes26 opportunity crudes out of 32 new crudes Processed 1.32 MMT Rajasthan crude; 0.99 MMT in 2011-12Procured 0.88 MMT Maya crude for the first time – heaviest crude in IndianOil basket14Refineries – Profitability through optimization
15. Projects under implementation:To augment by 2016-17Capacity to 74.0 MMTPA from 54.2 MMTPAHS crude processing capability to 67% from 53.3%Heavy crude processing capability to 21.4% from 13.4%Distillate yield to a level of 80.7%15Refineries – Forward agendaParadip - State-of-the-art, one of the most modern refineriesCapable of processing 100% HS including 40% Heavy crudeNelson complexity factor – 12.2, comparable to the best in industry Distillate yield – 81%, Energy index – 50 MBN
16. Pipelines – Resplendent networking5/31/201316Economic transportation – 47% of total white oil products moved through pipelines; 36% by rail, 2% by road & 14% through coastal
17. Two additional SPMs commissioned at Paradip5 SPMs in operation - 2 on west coast, 3 on east coastCumulative handling of over 500 MMT crude at Vadinar & over 50 MMT crude at Paradip Added storage capacity of over 360 TMT for crude oilBlending facility at Vadinar – ready for commissioningFirst customer connectivity through gas pipeline17Pipelines – Spreading wings
18. Over 110 MMTPA capacity & 19,000 KM by 2016-17Enhancement of capability to transport heavy crudeFrom 25 cst to 40 cstMajor Crude oil pipelinesDebottlenecking of Salaya-Mathura pipelineAugmentation of Paradip-Haldia-Barauni Pipeline Major Product pipelinesParadip Raipur Ranchi PipelineParadip-Haldia-Durgapur LPG pipelineCauvery Basin Refinery (CPCL) -Trichy pipeline18Pipelines – Forward agendaProjects over Rs. 6300 crore under implementation
19. 19Domestic growth(%) - Major POL productsTrend in line with economy & pricesDeclining growth in LPG due to capping of domestic cylinders
20. 20Marketing – Effulgent performanceHighest-ever product sales; Market leader with 48.2% market share
21. Highest No. of ROs commissionedOver 10% sales contributed by KSKs1600 ROs automated during the year, total reached to 4,377 Commissioned an AFS at Thoise: 10,500 ft. above MSLHighest-ever supplies of 1 MMT to NepalAdded over 600 TMTPA of LPG bottling capacity21Marketing – Making winning moves
22. 22Marketing – Reaching out, touching lives39,460 touch points - 51.7 % of the industryAs on 31.3.2013
23. 23Marketing – Forward agendaMajor projects under implementationLPG facilities and marketing terminal at ParadipLPG import facility at KochiVarious re-sitement projects for optimal logisticsDedicated ATF pipelinesInitiatives in retail networkAutomation of 12,000 ROs (all ROs selling more than 100 KL/ Month) by 2016-17Introduction of large format ROs at highways
24. Indigenously developed technologiesIndmax at Guwahati & ParadipLPG Deasphalting process implemented at Haldia INDAdeptG being implemented at GuwahatiFood grade Hexane unit commissioned at HMEL, BhatindaIndia’s first Integrated lignocellulosic biomass to ethanol pilot plantFirst time co-processing of non-edible oil in DHDT unit of CPCL, Chennai24R&D – Class apartLignocellulosic Biomass to ethanol pilot plantView of Indigenously developed INDMAX technology at Paradip
25. Lubricants120 product formulations developed Received 43 OEM/customer/defence approvals & re-certificationsPatentsApplied record No. of 52 patents in a year: 8 patents grantedStatus of patents:25R&D – Class apartIndiaUSAOthersTotal1335665254LubesRefineriesOthersTotal3513881254
26. 5/31/201326PROPEL – Ideas for growing business2nd largest petrochemicals capacity share in the country
27. 27Petrochemicals – Forward agendaEntering into niche segment139 TMTPA, Butadiene Extraction Unit at Panipat120 TMTPA, Styrene Butadiene Rubber plant at Panipat Revamp & debottlenecking of existing PX/PTA & LAB unitsPoly Propylene unit at ParadipPetcoke Gasification & Acetic Acid project
28. Gas – Emerging as the fuel of choice5/31/20132825%10%Highest-ever R-LNG sales
29. 29Gas – Emerging as the fuel of choice…Finalized PMC for Ennore LNG projectAggressive moves for laying cross-country gas pipelinesAuthorized to build CGD networks in Chandigarh & AllahabadSupplies through ‘LNG at Doorstep’ - growth of 77%
30. 30E&P – A landmark yearAcquired 10% stake in Niobrara Shale Oil JV asset, Carrizo, USA – brought in 1st E&P earningsProduction started in Project Carabobo, Venezuela1st ever drilling in the domestic operated blockDiscovery in 3 wellsA view of the drilling site: IOC Khambel 1
31. Wind capacity enhanced to 63 MW100 GWH grid-connected renewable energy generation in a year31Clean energy – Towards a sustainable future Initiatives towards cleaner tomorrowCarbon foot printing at 48 locations Energy audit of 28 buildingsRain water harvesting at 54 locationsSolarization of about 300 ROs
32. CAPEX plans - Investing for a brighter tomorrow3256,20045,43024,400Five Year Plans, BEX Plan XI PlanXII Plan Rs. croreXII Plan CAPEX, Rs. crore56,200E&P6,200Refining & Marketing41,456Petrochemicals8,544CAPEX of Rs. 48,655 crore during XI Plan, 7.1% more than planBudgeted Estimate (BE) of Rs. 56,200 crore in XII PlanRs. 9378 crore in 2012-13BE of Rs. 11,277 crore in 2013-14
33. Global agenda – Beyond boundaries33Turnover (Rs. crore)Other overseas subsidiaries:IOC Middle East FZE – Marketing of Lubricants and POL productsIOC Sweden AB and IOC (USA) Inc: Facilitating overseas upstream operations
34. 34CSR – Making a differenceAssam Oil School of Nursing, Digboi20 girls successfully completed 4-year nursing courseCumulatively, 317 girls employed so far (100% success)
35. 5/31/201335CSR – Extending care and support2600 educational scholarshipsTotal cost: Rs. 11 crore in 2012-1352 Mobile Medical Units operational, linked to 52 Kisan Seva Kendras in AP & UPTreated over 1 million patients
36. 36Financials
37. (Rs. crore)Description 2011-122012-13Var. (%) Inland sales & exports 3130443444849.6Product sales to OMCs 492555254716.1Gas 4059626354.3Petrochemicals 118891653339.1Sub-Total 37824741982711.0Less: Discount4321491813.8Total37392641490911.0Quantity Variance Rs 3038 crore and Price Variance of Rs 37945 crore.Q-2Q-1Q-3Q-4Turnover – Marching ahead11%
38. Profit after tax38
39. 2011-122012-13Gross Under-Recovery 7546985793Less: Compensation Discount from upstream companies 2996131967Budgetary support from Govt.4548653278Total compensation7544785245Unmet Under-Recovery22548% of Unmet Under-Recovery0.03%0.64%Loss on MS (Due to non-revision of prices)2203485Total Unmet U/R (including loss on MS)22251033(Rs. crore)Under-recoveries
40. Borrowings40
41. Contribution to Exchequer41(Rs. crore)
42. 42Open Forum