Oil & Natural Gas Corp. Ltd. · NSE:ONGC
Oil & Natural Gas — Investor Day (May 2022)
41 slides from Oil & Natural Gas's investor day presentation, May 31, 2022
Slide 1: Exchange filing cover letter
OIL AND NATURAL GAS CORPORATION LIMITED COMPANY SECRETARIAT CS/ONGC/SE/2022-23 31.05.2022 National Stock Exchange of India Ltd. BSE Limited Listing Department Corporate Relationship Department Exchange Plaza Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (E) Dalal Street, Fort Mumbai – 400 0
Slide 2: Investors' and Analysts' Meet 2022
Investors’ and Analysts’ Meet 2022 30th May 2022, Mumbai
Slide 3: Disclaimer
Disclaimer • This presentation does not provide individually tailored advice but is an effort to express views that may be considered debatable, and may not conform to different views on the topic and does not contain any information of strategic nature emerging from the ONGC group of Companies. • T
Slide 4: ONGC: Setting New Standards
ONGC : Setting New Standards ₹ 1,10,345 cr ₹ 40,306 cr 3 Women Directors ₹ 2,736 Crores in last ~ ₹1,80,000 Cr. Highest Ever ~ ₹ 2,00,500 Most Gender Diversified 5 years Revenue & Profit Crores Maharatna Board Leader in CSR spending Highest Market Cap 25% of Total Networth Among CPSEs among all CPSE
Slide 5: Presentation Overview
Presentation Overview 1. ONGC Group 2. Standalone Performance 3. Growth Pursuits 4. Subsidiaries & JVs 5. Responsible Corporate
Slide 6: ONGC Group
ONGC Group Integrated Energy Company: Expanding Footprints in Energy Business Refinery* / Services / Upstream VAP LNG Power Renewables Petchem Others 38 MMTPA / ~ 56 MMTOE 4.2 MMTPA ~ 3,100 KTA 22.5 MMTPA 726 MW ~ 348 MW (49%) (12.5%) (49.996%) (71.63%) (50%) (50%) (100%) (49.36%) * (26%) (49.98%) (
Slide 7: Assets & Basins: Exploration & Production
Assets & Basins: Exploration & Production ONGC has cumulatively produced ~2,000,000,000 tons of Oil and Gas in India RKOEA Asset Assam Asset Bokaro Asset Mehsana Asset (CBM) Jorhat Asset Assam & Western Ahmedabad Assam Arakan Onshore Asset Basin Basin Silchar Asset Ankleshwar Asset Tripura Asset Raj
Slide 8: ONGC Group: Resilient Performance in FY'22
ONGC Group: Resilient Performance in FY’22 2P Reserves Oil & Gas Production • Oil & Gas production of • Estimated 2P O+OEG Reserves on Group, including PSC-JVs and PRMS basis 1,221.48 55.72 from overseas Assets ONGC : 710.19 MMTOE MMTOE JV Share : 16.42 MMTOE MMTOE • ONGC contributed ~68% to India’s
Slide 9: Resilient Consolidated Performance
Resilient Consolidated Performance Parameter FY ’21 (₹ Cr) FY’22(₹ Cr) Total Income 3,69,796 5,39,200 (Revenue + Other Income) EBITDA 58,805 87,311 PAT 21,360 49,294 Total Debt 1,19,061 1,07,775 Total Equity (includes minority interest) 2,42,597 2,83,328 Total Capitalisation 3,61,658 3,91,104 Debt /
Slide 10: Robust Capital Structure
Robust Capital Structure Consolidated Total Debt to Equity Ratio 0.52 0.49 0.48 0.46 0.38 2017-18 2018-19 2019-20 2020-21 2021-22 Debt to Equity Ratio Standalone Borrowings Came Down From Peak of ₹ 25,593 Cr. in FY18 To ₹ 6397 Cr. in FY22 9
Slide 11: Strong Credit Ratings
Strong Credit Ratings DOMESTIC Long Term AAA AAA AAA Short Term A1+ A1+ A1+ INTERNATIONAL Baa3 BBB- BBB- 10
Slide 12: Presentation Overview
Presentation Overview 1. ONGC Group 2. Standalone Performance 3. Growth Pursuits 4. Subsidiaries & JVs 5. Responsible Corporate
Slide 13: Highlights of FY 2021-22
Highlights of FY 2021-22 Added one more basin : Commercial potential of Vindhyan Basin through Hatta#3 Exploration Accelerated Exploration : Bagged 85% of blocks in OALP Round VI & VII : 43,494 Sq. km Notified four new discoveries, Monetized 6 discoveries including two of current year • Wells drille
Slide 14: ONGC: Physical Performance
ONGC : Physical Performance 2P Reserves (MMTOE) Oil and Gas Production incl. of JV (MMTOE) 748 752 50.04 48.25 721 710 45.35 43.39 403 407 394 25.81 24.90 383 22.82 21.68 345 345 326 327 24.23 23.35 22.53 21.71 FY'19 FY'20 FY'21 FY'22 FY'19 FY'20 FY'21 FY'22 Oil Gas Oil (MMT) Gas (BCM) Value Added p
Slide 15: ONGC: Financial Performance
ONGC: Financial Performance Gross Revenue (₹ Crore) PAT (₹ Crore) 40,306 1,09,655 1,10,345 26,765 96,214 68,141 13,464 11,246 FY'19 FY'20 FY'21 FY'22 FY'19 FY'20 FY'21 FY'22 EPS (₹ ) Dividend Per Share (₹ ) 10.50 32 21 7 5 11 3.60 9 FY'19 FY'20 FY'21 FY'22 FY'19 FY'20 FY'21 FY'22 Highest Ever Divide
Slide 16: Presentation Overview
Presentation Overview 1. ONGC Group 2. Standalone Performance 3. Growth Pursuits 4. Subsidiaries & JVs 5. Responsible Corporate
Slide 17: ONGC Discovered 7 out of 8 Producing Basins of India
ONGC Discovered 7 out of 8 Producing Basins of India 1958: Cambay Basin 1889: Assam Shelf* 1973: A&AA FB 1967: Rajasthan Basin 1980: KG Basin 1974: Mumbai Offshore 1985: Cauvery Basin 2022: Vindhyan Basin # 2018: Bengal Basin Focus On Bringing More Basins On Production Map Of India In Next 3 - 4 Yea
Slide 18: Accelerated Exploration: Acreage Expansion
Accelerated Exploration : Acreage Expansion ~31,000 skm of No go area ❖Committed to acquisition of Area in Sq. Km. in Western Offshore will add up acreages across all categories of basins with focus on expanding exploration in unexplored cat-II & III basins & DW ❖Envisaged to add around 1,00,000 Sq.
Slide 19: ONGC: Short Term Action Plan
ONGC: Short Term Action Plan 18.2% Growth in O+OEG Envisaged in Next three years 40.453 24.387 26.124 20.907 21.097 19.545 19.88 21.588 21.701 Oil: MMT Gas: BCM O+OEG: MMTOE 2021-22 2022-23 2023-24 2024-25 Crude Oil Gas Projections (Excluding JVs) 18
Slide 20: Projects Under Implementation
Projects Under Implementation Intensify Exploration, Monetize Discoveries & Maximize Recovery ❖ KG-DWN-98/2 Cluster –II 20 Major Projects (> ₹ 100 Crore) under ❖ Cluster-8 Marginal Fields (WO 24-3, D-30 and B-192) implementation Offshore ❖ Mumbai High South Redevelopment Phase-IV ❖ Mumbai High North
Slide 21: Technology Initiatives
Technology Initiatives To improve Operational Technology Technology Technology Collaboration + Upgradation + Integration Efficiency and maximise Substitution & Partnerships Production • Managed Pressure Drilling (MPD) & Radial Drilling with CTU • Plunger Lift for water unloading from Gas Wells in Tr
Slide 22: International Outreach Initiative at Highest Level
International Outreach Initiative at Highest Level Reached out at highest level to Global E & P majors for collaborations ❖ CMD-CEO Meetings / Interactions held ❖ MoU with Exxon ❖ MoU with Saudi Aramco ❖ MOU with Equinor ❖ Data sharing under progress with major IOC’s 21
Slide 23: Presentation Overview
Presentation Overview 1. ONGC Group 2. Standalone Performance 3. Growth Pursuits 4. Subsidiaries & JVs 5. Responsible Corporate
Slide 24: ONGC Videsh Limited
ONGC Videsh Limited Presence across 15 countries in 35 projects Exploration: 14 Development: 4 Producing: 14 Pipeline: 3 CIS & Russia Azerbaijan Africa Russia Libya South East Asia Vietnam South Sudan Myanmar Mozambique Bangladesh Latin America Venezuela Middle East Syria Colombia Iraq Brazil Iran U
Slide 25: ONGC Videsh: Performance
ONGC Videsh: Performance 2P Reserves (MMTOE) Oil and Gas Production (MMTOE) 676 14.83 14.98 587 13.04 490 495 12.33 335.36 4.73 5.23 347.915 4.53 4.23 300.01 302.05 10.10 9.75 8.51 340 8.10 239 190 193 FY'19 FY'20 FY'21 FY'22 FY'19 FY'20 FY'21 FY'22 Gas (BCM) Oil (MMT) Gas Oil * PRMS adopted from FY
Slide 26: ONGC Videsh: FY'22 Highlights
ONGC Videsh : FY’22 Highlights CPO-5 Block (Colombia) : Total of 11 exploratory wells drilled, with 5 wells commercially producing hydrocarbons. CPO-5 block ended the year with a production of 21,000 bopd, making it a significant exploratory success for ONGC Videsh BM SEAL-4 (Brazil) : Declaration o
Slide 27: Hindustan Petroleum Corporation Ltd. (HPCL)
Hindustan Petroleum Corporation Ltd. (HPCL) A Maharatna Schedule “A” CPSE 20,025 retail outlets, # 1 Lube Marketer & # 2 LPG marketer of India Commissioned: • 1,391 new retail outlets • 2 New LPG plants • 51 new LPG distributorships • CNG dispensing facilities at 413 retail outlets • 927 EV charging
Slide 28: HPCL: Performance
HPCL: Performance Throughput (MMT) GRM($/BBL) 17.18 7.19 16.42 13.97 3.86 1.02 FY20 FY21 FY22 FY20 FY21 FY22 Gross Sales (₹ Crore) PAT (₹ Crore) 3,72,642 2,86,250 2,69,243 10,663 37.45 MMT 6,383 39.6 MMT 35.20 MMT 2,637 FY20 FY21 FY22 FY20 FY21 FY22 27
Slide 29: Mangalore Refinery & Petrochemicals Ltd. (MRPL)
Mangalore Refinery & Petrochemicals Ltd. (MRPL) 14 new Retail Outlets commissioned in 2021-22 and further 2 in the current fiscal. With this, MRPL has 35 outlets in operation BS-VI facilities and Desalination Plant commissioned in 2021-22 Marketing Terminal in Devangonti (near Bengaluru) under imple
Slide 30: MRPL: Performance
MRPL : Performance Throughput (MMT) GRM ($/BBL) 15.05 13.95 8.72 11.5 3.71 -0.23 FY'20 FY'21 FY'22 FY'20 FY'21 FY'22 Gross Sales (₹ Crore) PAT (₹ Crore) 86,064 60,752 50,796 2,958 FY'20 FY'21 FY'22 FY'20 FY'21 FY'22 -2,708 -765 29
Slide 31: ONGC Mangalore Petrochemicals Ltd. (OMPL)
ONGC Mangalore Petrochemicals Ltd. (OMPL) Aromatic Petrochemical Complex producing Paraxylene & Benzene Amalgamated with MRPL with effect from April 1, 2021 Overall capacity utilization for FY’22 was 72% Ministry of Corporate Affairs vide its order dated 14-04-2022 sanctioned the scheme of amalgamat
Slide 32: ONGC Petro Additions Ltd. (OPaL)
ONGC Petro Additions Ltd. (OPaL) A Joint venture with GAIL & GSPC Overall capacity utilisation during FY’22 : 95%. Sold 1.82 Million tons of Polymers and Chemicals Revenue from Operation in FY 22 : ₹ 16,048 Crore EBIDTA for FY 22 : ₹ 2,561 crore One of the Largest Dual Feed Crackers in the world 1.1
Slide 33: ONGC Tripura Power Company Ltd. (OTPC)
ONGC Tripura Power Company Ltd. (OTPC) A Joint venture with Govt. of Tripura 4,124 Million Units of power generated Plant Availability Factor at 65% (unit I under planned shutdown for annual inspection for 104 days) Revenue from Operation: ₹ 1,263 Crore; PAT: ₹ 107 crore 726.6 MW (363.3x2) Combined
Slide 34: Petronet MHB Limited (PMHBL)
Petronet MHB Limited (PMHBL) FY 22 : Throughput 2.841 MMTPA Revenue : ₹ 128 Crore PAT : ₹ 60.28 Crore Mangalore – Hassan – Bengaluru JV pipeline (362.3 Km) transporting products from MRPL to OMCs hinterland of Karnataka in cost effective and environment friendly manner. 33
Slide 35: Indradhanush Gas Grid Limited (IGGL)
Indradhanush Gas Grid Limited (IGGL) A Joint venture with Shareholding - ONGC-20%, IOCL-20%, GAIL-20%, OIL-20%, NRL-20% Indradhanush Gas Grid Limited (IGGL) incorporated on 10th August 2018 Implementing Northeast Gas Grid (NEGG), 1,656 Km long natural gas pipeline grid spanning across all North-East
Slide 36: Presentation Overview
Presentation Overview 1. ONGC Group 2. Standalone Performance 3. Growth Pursuits 4. Subsidiaries & JVs 5. Responsible Corporate
Slide 37: ONGC: ESG Practices
ONGC: ESG Practices Commitment towards Climate, Society and Ethical work practices ENVIRONMENT SOCIAL GOVERNANCE Committed for conserving Climate Committed to Social welfare & inclusion Committed to Integrity and ethical practices • Regular Greenhouse Gas (GHG) inventory • One of the first companies
Slide 38: Corporate Social Responsibility
Corporate Social Responsibility Leader in CSR Spending Average CSR Expenditure ~ ₹ 500 Crore every year 700 CSR Spend (₹ Crore) 615 607 553 525 503 458 350 175 ONGC promotes healthcare, preventive healthcare, education & skill development, women empowerment& reducing inequality , 0 environment susta
Slide 39: Championing Sports in the Country
Championing Sports in the Country ONGCian H S Prannoy part of Thomas Cup winning Indian Badminton Team 7 ONGCians (including 3 hockey players) represented India at Tokyo Recognitions and Awards in 2020 & 2021 Rashtriya Khel Protsahan Puruskar for ONGC 5 Arjuna Awards 1 Dhyanchand Award ONGC Sp
Slide 40: National and International Recognitions
National and International Recognitions #25 in Platts Top 250 # 243 globally and # 228 globally and #404 in Forbes Worlds, Certified as a Great Place Global Energy Company # 4 in India in Fortune # 5 in India in Forbes Best Employers List 2021 to Work : 3rd year in 2022 Rankings 2021 Global 500 List
Slide 41: Thank You
धन्यवाद Thank You