Bharat Petroleum Corporation Limited · NSE:BPCL
Bharat Petroleum — Investor Presentation (September 2023)
32 slides from Bharat Petroleum's investor presentation, September 2023
Slide 1: Bharat Petroleum Corporation Limited Investor Presentation
Bharat Petroleum Corporation Limited Investor Presentation September 2023 1
Slide 2: Disclaimer
Disclaimer 2 No information contained herein has been verified for truthfulness completeness, accuracy, reliability or otherwise whatsoever by anyone. While the Company will use reasonable efforts to provide reliable information through this presentation, no representation or warranty (express or im
Slide 3: Table of Contents
Table of Contents 1 2 3 Corporate Overview Business Overview Industry Overview Page 4 Page 9 Page 29 3
Slide 4: 1. Corporate Overview
1. Corporate Overview 4
Slide 5: Introduction
Introduction India’s 2nd largest Oil Marketing Company (OMC) with standalone domestic sales volume of 295 Ranking on Fortune 500- 2022 global list 2nd over 48.92 MMT and Market share of 25% during Q2 of FY24 India’s 3rd largest in terms of Refining Rank on Platt’s Top 250 Global Energy 3rd 44 Capaci
Slide 6: BPCL Key Physical Indicators
BPCL 5 Year Key Physical Indicators REFINING CAPACITY MARKET SALES (MMT) Market Capitalization (MMT) (INR billion) 928.33 48.92 746.33 38.30 38.30 38.30 779.52 751.75 43.07 43.1 42.51 38.74 685.05 35.30 35.30 FY19 FY20 FY21 FY22 FY23 FY 19 FY 20 FY 21 FY 22 FY 23 FY20 FY21 FY22 FY 23 Q2 FY 24 India’
Slide 7: Journey of last 15 years
CONSOLIDATED Journey of last 15 years REVENUE (₹ Cr) PAT* 2023 BORL (01.07.22) & BGRL 533547 2892 (16.08.22) amalgamated with BPCL 2022 432570 12084 Maharatna PDPP Petchem Project, NRL disinvested, BORL becomes 2017 2021 100% Subsidiary 304266 16045 BORL expansion to 7.8 MMTPA 2020 329797 4254 Kochi
Slide 8: Major Subsidiaries, JVs & Associates
Major Subsidiaries, JVs & Associates Subsidiaries Joint Ventures & Associates City Gas Aviation Trading Activities & Upstream Pipelines LNG Fintech Refining Distribution Services Others 100.00% 22.50% 50.00% 50.00% 12.50% 21.10% 25.00% 50.00% Kochi Salem Bharat Stars Ratnagiri Refinery & Matrix Bhar
Slide 9: 2. Business Overview
2. Business Overview 9
Slide 10: Asset Portfolio
Asset Portfolio Refining Upstream 6 Countries 17 Blocks +15 Global Partners Upstream Russia, Brazil, Mozambique, UAE, Along with Equity Stake in Total, ENI, ONGC, Rosneft, Mitsui, OIL, Presence E&P Indonesia, India 2 Russian Entities BP, ADNOC, Petrobras etc. Midstream & Downstream Refining 3 Refine
Slide 11: Diversified Product Offering and Presence Across Value Chain
Diversified Product Offering and Presence Across Value Chain Industrial/ Refinery Aviation Retail LPG Aviation Lubricants Gas Commercial •Refining capacity of •27.2% market share1 •27.3% market •Currently 8,000+ •23.4% market •22.5% market share1 •Developing 50 GAs 35.3 MMTPA •~ 21,331 retail share1
Slide 12: Refining Capacity
Refining Coverage Installed Capacity Refining Throughput Refining Capacity 45.00 38.53 38.29 36.90 Bina 100% Mktg 40.00 36.76 rights for NRL Mumbai – 12 2.85 4.00 32.98 Refinery MMTPA 35.00 2.90 2.38 6.83 7.74 30.00 3.92 2.66 25.00 15.14 14.78 14.49 14.66 20.00 13.05 Kochi – 15.5 15.00 MMTPA 10.00 1
Slide 13: Mumbai Refinery- MR
Mumbai Refinery- MR ▪Commissioned in 1955 with processing capacity of 2.2 MMTPA now augmented to 12 MMTPA. ▪Consistently, refining throughput exceeds designed capacity ▪Connected with MMBPL multi product pipeline from Mumbai to Delhi designed to evacuate 6 MMTPA of petroleum products • 12 MMTPA Capa
Slide 14: Kochi Refinery- KR
Kochi Refinery- KR ▪Started its journey in 1966 with capacity of 50,000 bbl per day and currently largest PSU Refinery ▪Equipped to receive crude oil in Very Large Crude Carriers (VLCCs) with SPM (Single Point Mooring) ▪A 300 km long pipeline connects the refinery to various • 15.5 MMTPA Capacity co
Slide 15: Bina Refinery- BR
Bina Refinery- BR ▪BINA Refinery – 7.8 MMT Refining capacity at BINA ▪State of art technologies - High Nelson Complexity Index 11.76 ▪Associated Facilities – SPM, Crude Oil Terminal, 937-km cross country crude oil pipeline from Vadinar to Bina (VBPL) • API Range: 28 to 60 ▪Bina Kota Pipeline for eva
Slide 16: Marketing Operations and Efficiencies
Marketing Operations and Efficiencies LPG Bottling Capacity (TMTPA) SBU Market Sales (MMT) 5200 5000 4890 4950 4950 45.00 4800 4590 40.00 4600 4400 35.00 4212 32.37 4200 30.00 27.30 26.97 26.40 4000 24.19 25.00 3800 FY 19 FY 20 FY 21 FY 22 FY 23 20.00 15.00 0.24 0.30 6.95 0.37 0.39 7.17 0.35 6.78 Th
Slide 17: Strategic Pipelines Network
Strategic Pipelines Network • 3537 km long pipeline infrastructure (2600km- product + 937 km Crude Oil pipelines) with 29 MMTPA Design capacity (21.3MMT- Product + 7.8 Crude) • Most optimized and efficient pipelines network with highest pipeline utilization in the PSUs • Additionally, 100% access to
Slide 18: Recent Projects
Recent Projects Kochi Refinery – MS Block Project for BS VI grade gasoline and Maximization of Naptha to Retail Infrastructure: Coastal terminal gasoline (₹ 32.89 Bn) at Krishnapatnam and Jammu (Commissioned) Installation (₹ 12.57 Bn) Augmentation of LPG Cryogenic Facilities at Uran (₹ 12.31 Bn) Bin
Slide 19: Upcoming Projects
Upcoming Projects Investments in Mozambique and Brazil UPSTREAM BPCL is developing 25 Geographical Areas INVESTMENTS IN GAS Expansion of marketing infrastructure across all business MARKETING INFRASTRUCTURE verticals PETROCHEMICALS 1.2 MMTPA Ethylene Cracker at Bina Refinery PIPELINES Cross country
Slide 20: CAPEX Strategy
CAPEX Strategy 140.00 118.60 121.20 100.00 120.00 5.25 27.10 13.84 100.00 5.89 22.00 INR Billion 7.50 21.06 80.00 11.25 60.00 21.50 53.54 40.00 61.78 35.51 20.00 26.57 10.97 16.04 - Actual - FY22 Actual - FY23 Budgeted - FY24 Refineries Marketing Investments in Exploration Investments in Gas Others
Slide 21: Financial Performance
Financial Performance NET WORTH (INR Billion) PROFIT AFTER TAX (INR Billion) CAPITAL EMPLOYED (INR Billion) 545.45 190.42 190.52 600 900 545 890 516.45 519.96 516 520 880 500 860 852 840 400 332 820 332.14 113.63 300 800 FY 23 773 778 780 200 760 0.69 740 100 0.35 26.83 720 18.70 8.78 0 700 FY 20 FY
Slide 22: BPCL R&D - Innovative Solutions & Key initiatives
BPCL R&D - Innovative Solutions & Key initiatives Operational Excellence • Crude oil evaluation • Advanced analytical support 150 • Crude compatibility • Catalyst evaluation and monitoring • Modeling & Simulation • Corrosion & fouling • Real time optimization 82 Cost efficient and • HiCAT: Dewaxing
Slide 23: Gas Business
Gas Business • Bagged 8 GAs in 11th and Supply 11th A Round. BGRL merged • LNG supply security: 2022 • Long term tie ups of 0.85 MMTPA valid till 2028 at Dahej • 0.56 MMTPA valid till 2036 at Kochi • 2 more GAs rewarded in FY19 • 1 MMTPA LNG tied up from Mozambique for 15 years. in the 10th Round •
Slide 24: BPRL's Upstream Story over the years
BPRL’s Upstream Story over the years… 2019 2022 2018 2016 2013 FDP in Brazil Overseas Onshore Operatorship – Abu 2012 Entry in Lower Dhabi Zakum FID in Mozambique Russian Acquisition Schedule B 2009 Lead operator Indonesia 2008 entry Brazil & Mozambique 2006 acquisition Formation of BPRL 2003 Format
Slide 25: Upstream - Global Spread
Upstream - Global Spread 2 TYNGD Russia 2 Vankorneft 3 Cauvery Basin* India 3 Cambay Basin** 2 Assam-Arakan Production Development Indonesia 1 Nunukan Exploration / Appraisal 1 Lower Zakum ▪ 0.6545 mmtoe production for Q2 UAE 1 Onshore 1 ▪ Presence in 4 continents, 6 countries Mozambique 1 Area 1 2
Slide 26: Global Upstream Footprint
Global Upstream Footprint Partnership with established Oil and Gas operators expected to generate optimal returns for BPCL. Within India Brazil Russia BPCL Other BPCL Other BPCL Block Operator Block Operator Block Operator Partners Stake Partners Stake Partners Stake NELP—IV BM-SEAL-11 Petrobras 24.
Slide 27: Strategic Aspirations 2022-27
Strategic Aspirations 2022-27 ~2.8 MMT Petchem 1 GW Green Energy Digital Transformation Capacity generation for More than Tripling Capacity(Solar) up from improving customer ease petchem products footprint in GAS up from present 64 MW of living; operational 2.1 to 7.5 MMTPA. Growing Bio-fuels portfo
Slide 28: Awards & Recognition
Awards & Recognition Among top 20 Global Oil and Gas refining and marketing Cos ▪BS VI & IMO Compliant Refinery Sustainable Growing Corporate of the Year Award 2021 ▪Flexibility to process low & high sulphur Crude India’s most sustainable Oil and Gas company ▪Consistently, refining throughput exceed
Slide 29: 3. Industry Overview
3. Industry Overview 29
Slide 30: India - Attractive Industry Dynamics
India – Attractive Industry Dynamics Significant potential for domestic O&G companies given low per-capita oil consumption Oil: Consumption in thousands Indian Oil Demand of barrels per day* Million Tonnes 1,330 28.5 Singapore FY 23 85.9 1,343 35.0 15,442 China 14,408 28.3 FY 22 76.7 943 30.8 Austra
Slide 31: Indian Oil Industry Positive Policy actions
Indian Oil Industry Positive Policy actions • Petrol Prices De-regulated completely • Gasoil (Retail) – Deregulation announced effective 19th October 2014 • Gasoil – Bulk sales completely deregulated since January 2013 • Restricted supply/Targeted subsidies for cooking fuel products • LPG DBTL schem
Slide 32: Thank You
Thank You 32
Bharat Petroleum — Investor Presentation (September 2023) on 6ix