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Reflections
Spotlights
Physical Performance
Financial Performance
Open Session
Presentation Itinerary
04/19/23 2
Reflections - Global
Economic recovery gaining strength
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
% GDP growth 2009 2010
World -0.5 5.0
USA -2.6 2.8Source : International Monetary Fund, World Economic Outlook Database, April 2011
04/19/23 3
Reflections - India
2nd fastest growing large Economy
% GDP growth China India
FY 2011 9.6 8.6
FY 2010 10.3 7.4
FY 2009 9.2 6.7
04/19/23 4
Reflections - India
4th Largest Economy in terms of GDP (PPP)
Primary Energy Consumption (Mtoe)
USA China Japan India
14,657.80 10,085.71 4,309.53 4,060.39
Source : World Energy Outlook 2010, IEA
Source : International Monetary Fund, World Economic Outlook Database, April 2011
Unit: Billion, International Dollar
04/19/23 5
Total POL Consumption grew by 2.9% in 2010-11Total POL Consumption grew by 2.9% in 2010-11
10.8%10.8%
6.6%6.6%
Million Tonne
MS, HSD,SKO & LPG Consumption
- 4.1%- 4.1%
9.1%9.1%
Reflections - India
Growth Driver
Higher growth in automobile sector
4 wheeler sales (29.3%) 2 wheeler sales (25.8%)
04/19/23 6
Spotlights – IndianOil
Highest ever Turnover of ` 3,28,744 croreA 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 BrandsAdded 358 KM of pipeline length during the year
04/19/23 7
Marketing
IndianOil in every part in every heart
Highest ever Petroleum Products Sales (Domestic), 66.8 MMT (5% Growth) in 2010-11Highest ever Petroleum Products Sales (Domestic), 66.8 MMT (5% Growth) in 2010-11
5.7%5.7% 3.9%3.9%
Million TonneDomestic POL Sales & Exports Domestic POL Sales & Exports
64.5 68.270.8
Market ShareMarket Share48.7%48.7% 48.6%48.6% 49.6%49.6%
04/19/23 9
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
Marketing
Reaching out touching lives
04/19/23 10
Petrol/Diesel Outlets19,463 (46.4%)
Including 3517 KSKs
Petrol/Diesel Outlets19,463 (46.4%)
Including 3517 KSKs
LPG Distributorships5,456 (51.8%)
LPG Distributorships5,456 (51.8%)
Bulk Consumer Pumps
7,780 (88.8%)
Bulk Consumer Pumps
7,780 (88.8%)
LPG Bottling Plants89 (48.9%)
LPG Bottling Plants89 (48.9%)
SKO/LDO Dealerships3,960 (60.0%)
SKO/LDO Dealerships3,960 (60.0%)
Terminals/Depots140 (40.7%)
Terminals/Depots140 (40.7%)
As on 1.4.2011
Aviation Fuel Stations 96 (52.8%)
Aviation Fuel Stations 96 (52.8%)
Marketing Touchpoints
IndianOil in every part in every heart
Figures in Bracket indicate % share in IndustryFigures in Bracket indicate % share in Industry
~ 54% of India’s Oil Marketing Infrastructure~ 54% of India’s Oil Marketing Infrastructure
04/19/23 11
Refining – Sterling Performance
Crude ThroughputCrude Throughput Million TonneMillion Tonne
Highest-ever throughput in 2010 - 11Highest-ever throughput in 2010 - 1104/19/23 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
MBN - An energy index defined as Mbtu/Bbl/NRGF04/19/23 13
Crude Oil
Products
Highest-ever throughput in 2010-11Highest-ever throughput in 2010-11
59.8 65.0
68.5
8.6%8.6% 5.4%5.4%
Million TonneMillion Tonne
Pipelines – Underground Highways
Throughput Throughput
04/19/23 14
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
Pipelines – Underground Highways
04/19/23 15
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*
R & D Shaping Corporate Dreams
India USA Others Total
111 48 53 212
Lubes Ref. Others Total
39 86 87 212(*As on 20.5.2011)04/19/23 16
New Development Initiatives Servo Agro Spray Oil: An eco-friendly, Bio-
degradable, 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
R & D The Power of Possibilities
04/19/23 17
18
Petrochemicals – Forward Integration
652
939
540
20.7%20.7%
44.0%44.0%
New products launched in 2010-11: Polypropylene, Polyethylene & MEG New products launched in 2010-11: Polypropylene, Polyethylene & MEG
Market Leader in LAB SalesMarket Leader in LAB Sales
TMTTMT
04/19/23 18
Million TonneMillion Tonne
Highest-ever sales in 2010-11Highest-ever sales in 2010-11
Gas – Target Growth Area
2.5%2.5%
20.7
%20
.7%
Gas SalesGas Sales
04/19/23 19
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
Gas - Target Growth Area
Mallavaram (AP) - Bhilwara (Rajasthan) Mehsana (Gujarat) - Bhatinda (Punjab) Bhastinda – Jammu- Srinagar (J&K)
04/19/23 20
GK-OSN-2009/1GK-OSN-2009/1
GK-OSN-2009/2GK-OSN-2009/2MB-OSN-2004/1MB-OSN-2004/1
KG-DWN-2005/1KG-DWN-2005/1
MN-OSN-2000/2MN-OSN-2000/2
WB-OSN-2000/1WB-OSN-2000/1
AA-ONN-2001/2AA-ONN-2001/2
AAP-ON-94/1AAP-ON-94/1
NK-CBM-2001/1NK-CBM-2001/1
BK-CBM-2001/1BK-CBM-2001/1
MB-OSN-2004/2MB-OSN-2004/2
CB-ONN-2005/7CB-ONN-2005/7
Exploration & Production –
Upstream Integration
Domestic Blocks : 13Domestic Blocks : 13
CB-ONN-2005/2
CB-ONN-2005/204/19/23 21
Carabobo Project-1, VenezuelaCarabobo Project-1, Venezuela
Area 95/96, LibyaArea 95/96, Libya
Area 86, LibyaArea 86, Libya
Block 102/4, LibyaBlock 102/4, Libya
Farsi, IranFarsi, Iran
Block 82, YemenBlock 82, Yemen
Block 83, YemenBlock 83, Yemen
Block Shakthi, GabonBlock Shakthi, Gabon
OML 142, NigeriaOML 142, Nigeria
Block-K, Timor-LesteBlock-K, Timor-Leste
Exploration & Production –
Upstream Integration
Overseas Blocks : 10Overseas Blocks : 10
04/19/23 22
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
Clean Energy & Sustainability
04/19/23 23
Subsidiaries - Beyond Boundaries
OVERSEASSUBSIDIARIES
Lanka IOC Limited, Sri Lanka
(2002)
IOC Middle East FZE, Dubai
(2006)
IndianOil Mauritius Limited,
Mauritius (2001)
100% Stake
• Sale of Lubricants in Middle East countries
100% Stake
• Sale of Lubricants in Middle East countries
75.1% Stake
•Storage, Terminaling and Retail trade
75.1% Stake
•Storage, Terminaling and Retail trade
100% Stake
• Aviation, Retail, Storage & Quality Assurance
100% Stake
• Aviation, Retail, Storage & Quality Assurance04/19/23 24
Corporate Social Responsibility focuses onLPG Schemes
Enrolled ~51,000 Rural BPL customers through RGGLVY
Community Development in areas of Education, Health & Drinking Water
‘Educational Scholarships’ to Deserving & Meritorious
StudentsNo. 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
Beyond Business - CSR
Won 12 medals in Commonwealth Games, DelhiWon 12 medals in Commonwealth Games, Delhi
Spends upto 2% of retained profit of previous year for CSRSpends upto 2% of retained profit of previous year for CSR
04/19/23 25
Capital Plan Expenditure : 2010-11
Actual Expenditure in 2010-11: ` 9831 crore
XI Plan Expenditure Target : ` 45430.3 crore
XI Plan Actual Expenditure (2007-11) : ` 38788.1 crore, (85.4%)
Actual Expenditure in 2010-11: ` 9831 crore
XI Plan Expenditure Target : ` 45430.3 crore
XI Plan Actual Expenditure (2007-11) : ` 38788.1 crore, (85.4%)04/19/23 26
` crore
2950
2008-092008-09 2009-102009-10 2010-112010-11
10221 7445PAT
PBT
EBITD
4329
11162
14106
18860
Profit Scenario
9096
16312
04/19/23 29
Under Recoveries
( ` Crore) 2010-11 Compensation :
Discount from ONGC,OIL&GAIL 16704Bonds / Cash by Govt. 22605Total 39309Net unmet Under Recovery 3803
` crore
Under recovery in MS upto 25th June 2010Under recovery in MS upto 25th June 201004/19/23 31
As on date Under Recovery
RSP (at Delhi )
HSD - `/ Litre 14.66 37.75
SKO (PDS) - `/ Litre 28.27 12.73
LPG (Domestic) - `/ Cylinder
329.73 345.35
Per Day Under Recovery ` 261 crore
Under Recoveries (2011-12)– HSD, SKO, LPG
Under Recovery of IOCL up to date during 2011-12 is ` 18248 Cr. Under Recovery of IOCL up to date during 2011-12 is ` 18248 Cr.
04/19/23 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.
During 2011-12, borrowings have increased by more than ` 15,000 Crore due to rising under recoveries on
sale of regulated products.04/19/23 33
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
04/19/23 34