Bharat Petroleum Corporation Limited · NSE:BPCL
Bharat Petroleum — Q1 FY2022 Earnings Presentation
31 slides from Bharat Petroleum's earnings presentation, August 2021
Slide 1: Bharat Petroleum Corporation Limited Investor Presentation
Bharat Petroleum Corporation Limited Investor Presentation August 2021 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 28 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 394 Ranking on Fortune 500- 2021 global list 2nd over 38.74 MMT and Market share of 23% during FY21 India’s 3rd largest in terms of Refining Rank on Platt’s Top 250 Global Energy 3rd 114 Capacity (1
Slide 6: BPCL Year Key Physical Indicators
BPCL 5 Year Key Physical Indicators REFINING CAPACITY MARKET SALES (MMT) Market Capitalization (MMT) (INR billion) 38.30 38.30 38.30 43.07 43.10 1,015.43 927.25 928.33 833.65 41.21 36.50 685.05 38.74 35.30 37.68 FY18 FY19 FY20 FY21 Q1FY22 FY17 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 Q1FY22 Market Ca
Slide 7: BPCL Evolution
BPCL Evolution GoI acquired Burmah BPCL and GAIL BPCL entered the LNG Entered into Kochi Refinery CCR1 unit at Formation of Bharat Gas Shell Refineries. Name formed a JV, IGL, for market by signing a upstream business capacity Mumbai Resources Limited for focus on changed to BPCL in distribution of
Slide 8: Major Subsidiaries, JVs & Associates
Major Subsidiaries, JVs & Associates Subsidiaries Joint Ventures & Associates City Gas Aviation Upstream Refining Refining Pipelines Trading Activities Distribution Services 100.00% 100.00% 50.00% 50.00% 25.00% 22.50% 50.00% Ratnagiri Refinery & Kochi Salem Bharat Stars Indraprastha Gas Matrix Bhara
Slide 9: 2. Business Overview
2. Business Overview 9
Slide 10: Asset Portfolio
Asset Portfolio Refining 7 Countries 20 Blocks +15 Global Partners Upstream Upstream Russia, Brazil, Mozambique, UAE, Along with Equity Stake Total, ENI, ONGC, Rosneft, Mitsui, OIL, Presence Indonesia, Australia, India in 2 Russian Entities BP, ADNOC, Petrobras etc. E&P Downstream Midstream & Refini
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 25.62% market 26.52% market Currently 8,000+ 20.17% market 28.03% market 55+ major LNG 35.3 MMTPA share1 share1 customers share1 in ATF
Slide 12: Refining Coverage
Refining Coverage Installed Capacity Refining Throughput Refining Capacity 45.00 38.29* 40.00 36.76* BORL Mumbai – 12 35.00 31.25* 34.70* 2.85 4.00 32.98* MMTPA 3.35 2.90 2.38 30.00 2.81 3.92 3.18 2.68 2.66 25.00 15.14 14.78 14.29 Kochi – 15.5 20.00 13.60 13.05 MMTPA 15.00 10.00 16.23 16.77 14.25 13
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: BORL
BORL Bharat Oman Refineries Limited (BORL) – 7.8 MMT Refining capacity at BINA State of art technologies - High Nelson Complexity Index 11.58 Associated Facilities – SPM, Crude Oil Terminal, 937-km cross country crude oil pipeline from Vadinar to Bina (VBPL) • API Range: 28 to 40 • Hydrocracker
Slide 16: Marketing Operations and Efficiencies
Marketing Operations and Efficiencies LPG Bottling Capacity (TMTPA) SBU Market Sales (MMT) 6000 5000 4590 4890 45.00 37.68 41.21 43.07 43.10 38.74 3957 4212 4000 3687 40.00 3000 35.00 2000 30.00 27.30 26.97 1000 26.60 24.19 25.00 25.25 0 FY17 FY18 FY19 FY20 FY21 20.00 Thru’put per Outlet BPC Vs. Ind
Slide 17: Ongoing Projects
Ongoing 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) Bi
Slide 18: Upcoming Projects
Upcoming Projects Investments in Mozambique – FID sanctioned. Project Financing agreement signed. UPSTREAM BPCL has been awarded 11 GAs in 9th round and 2 GAs in 10th round of bidding INVESTMENTS IN GAS Expansion of marketing infrastructure across all business verticals MARKETING INFRASTRUCTURE PETR
Slide 19: CAPEX Strategy
CAPEX Strategy BPCL Evolution 110.64 110.64 100 120.00 1.08 5.29 - 2.31 6.00 100.00 12.58 5.41 80.00 50.04 12.90 INR Billion 48.65 60.00 32.90 15.69 40.00 8.93 9.70 20.00 41.52 30.27 26.51 - Actual - FY20 Actual - FY21 Budgeted - FY22 Refineries Petrochemicals Marketing Investments in Exploration In
Slide 20: Financial Performance
Financial Performance NET WORTH (INR Billion) PROFIT AFTER TAX (INR Billion) CAPITAL EMPLOYED (INR Billion) 190.42 545.44 600 900 545 800 773 778 500 700 367.38 648 341.31 332.14 400 367 600 341580 332 INR BN INR BN 500 79.76 300 71.32 400 200 300 200 26.83 100 100 - 0 FY18 FY19 FY20 FY21 FY18 FY19
Slide 21: BPCL R&D
BPCL R&D Innovative Solutions 130 Operational Excellence • Crude oil evaluation • Advanced analytical support Patents • Modeling & Simulation • Optimal catalyst selection • Corrosion & fouling • Solar Energy 65 Cost efficient and • K Model • Ecochem: ethanol corrosion inhibitor 70 Innovative Product
Slide 22: Gas Business
Gas Business Supply • LNG supply security: • 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 starting 2024 for in the 10th Round 15 years. • Also, Short Term /Spot volumes ranging from
Slide 23: BPRL's Upstream Story over the years
BPRL’s Upstream BPCL Evolution Story over the years… Story over the years……. 2019 2018 2017 2016 Overseas Onshore 2013 Operatorship Entry in Lower – Abu Dhabi Declaration of Zakum 2012 Commerciality Russian approved in Acquisition Operatorship 2010 Schedule B block Lead operator 2009 Shale gas entry
Slide 24: Upstream - Global Spread
Upstream - Global Spread 2 TYNGD Russia 2 Vankorneft 4 Cauvery Basin* 1 Rajasthan Basin India 3 Cambay Basin** 2 Assam-Arakan Production Development Indonesia 1 Nunukan Exploration / Appraisal 1 Lower Zakum 2.5 MMToE eqv. production UAE 1 Onshore 1 Presence in 5 continents, 7 countries Mozambiqu
Slide 25: Global Upstream Footprint
Global Upstream Footprint Partnership with established Oil and Gas operators expected to generate optimal returns for BPCL. Within India Brazil Australia BPCL Other BPCL Other Block Operator Block Operator BPCL Other Stake Partners Stake Partners Block Operator Stake Partners NELP—IV BM-SEAL-11 Petr
Slide 26: BPCL's Strategic Vision: Go-GDP Approach to Excellence
BPCL’s Strategic Vision Go-GDP Approach to Excellence GO GLOBAL GO GREEN GO DIGITAL GO PETCHEM •Expanding global •EV Charging solution •Digitalization of •Mfg. niche petchem footprints in Lubes, •Biogas generation refineries through products as import Retailing, aviation, from waste AR/VR,AI substit
Slide 27: Awards & Recognition
Awards & Recognition Among top 20 Global Oil and Gas refining and marketing Cos BS VI & IMO Compliant Refinery Oil Marketing - Company of the Year 2019 Flexibility to process low & high sulphur Crude Sustainability Award for the Best Green Product Petrochemical sector 2019 Consistently, refining
Slide 28: 3. Industry Overview
3. Industry Overview 28
Slide 29: India – Attractive Industry Dynamics
India – Attractive BPCL Evolution Industry Dynamics Significant potential for domestic O&G companies given low per-capita oil consumption and growing demand. Oil: Consumption in thousands Indian Oil Demand of barrels per day* Million Tonnes 1449 Singapore 26.3 1419 FY 20 82.6 13525 30.0 China 12840
Slide 30: Indian Oil Industry: Positive Policy Actions
Indian Oil Industry BPCL Evolution 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 •
Slide 31: Thank You
BPCL Evolution Thank You 31