Bharat Petroleum Corporation Limited · NSE:BPCL
Bharat Petroleum — Investor Presentation (December 2022)
32 slides from Bharat Petroleum's investor presentation, December 2022
Slide 1: Bharat Petroleum Corporation Limited Investor Presentation
Bharat Petroleum Corporation Limited Investor Presentation December 2022 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 42.51 MMT and Market share of 25% during FY22 India’s 3rd largest in terms of Refining Rank on Platt’s Top 250 Global Energy 3rd 44 Company Rank
Slide 6: Key Physical Indicators
BPCL 5 Year Key Physical Indicators REFINING CAPACITY MARKET SALES (MMT) Market Capitalization (MMT) (INR billion) 43.1 928.33 38.30 38.30 38.30 43.07 42.51 833.65 779.52 716.94 685.05 35.30 35.30 38.74 FY19 FY20 FY21 FY22 Q323 FY 19 FY 20 FY 21 FY 22 FY19 FY20 FY21 FY22 Q323 Market Capitalization f
Slide 7: Journey of last 15 years
Journey of last 15 years CONSOLIDATED BORL (01.07.22) & BGRL REVENUE PAT* (16.08.22) amalgamated (₹ Cr) with BPCL 2022 CAGR (2006-2022) PDPP Petchem Project, 432570 12084 Maharatna Revenue : ~ 10.6% 2017 NRL disinvested, BORL becomes 2021 PAT : ~ 19.5% 100% Subsidiary 304266 16045 Market Cap: ~ 13%
Slide 8: Major Subsidiaries, JVs & Associates
Major Major Subsidiaries, Subsidiaries, JVs & JVs & Associates 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 S
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+ •23.5% market •19.2% market share1 •Developing 50 GAs 35.3 MMTPA •~ 20,729 retail share1
Slide 12: Refining Capacity
Refining Coverage Installed Capacity Refining Throughput Refining Capacity 45.00 100% Mktg 40.00 38.29* 36.90* Bina rights for NRL Mumbai – 12 4.00 32.98 Refinery MMTPA 35.00 2.85 6.83 3.35 2.90 2.38 30.00 2.81 3.92 2.66 25.00 15.14 14.78 14.49 14.29 Kochi – 15.5 20.00 13.05 MMTPA 15.00 10.00 16.23
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 – 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 evacuation of prod
Slide 16: Marketing Operations and Efficiencies
Marketing Operations and Efficiencies LPG Bottling Capacity (TMTPA) SBU Market Sales (MMT) 6000 4890 4950 5000 4590 45.00 4212 3957 4000 40.00 3000 35.00 2000 30.00 27.30 26.97 26.40 1000 26.60 24.19 25.00 0 FY 18 FY 19 FY 20 FY 21 FY 22 20.00 15.00 0.24 0.30 0.39 0.32 0.37 10.00 6.51 7.05 6.95 6.08
Slide 17: Strategic Pipelines Network
Strategic Pipelines Network • 3534 km long pipeline infrastructure (2597km- product + 937 km Crude Oil pipelines) with 30.8 MMT capacity (23MMT- Product + 7.8 Crude) • Most optimized and efficient pipelines network with highest pipeline utilization in the PSUs • Additionally, 100% access to Numaliga
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 – FID sanctioned. Project Financing agreement UPSTREAM signed. BPCL has been awarded 8 GAs in 11th and 11th A round of bidding INVESTMENTS IN GAS Expansion of marketing infrastructure across all business MARKETING INFRASTRUCTURE verticals PETROCHEMICALS Pe
Slide 20: CAPEX Strategy
CAPEX Strategy BPCL Evolution 110.64 118.60 100 140.00 120.00 5.29 27.10 100.00 6.00 4.85 11.50 7.95 INR Billion 7.50 80.00 11.25 13.80 48.65 60.00 52.57 40.00 61.78 20.00 39.20 20.83 10.97 - Actual - FY21 Actual - FY22 Budgeted - FY23 Refineries Petrochemicals Marketing Investments in Exploration I
Slide 21: Financial Performance
Financial Performance NET WORTH (INR Billion) PROFIT AFTER TAX (INR Billion) CAPITAL EMPLOYED (INR Billion) 190.42 600 900 545.45 545 852 516.45 516 800 500 773 778 700 648 367.38 400 367 600 113.63 332 332.14 500 300 400 71.32 200 300 200 26.83 100 100 0 0 FY19 FY20 FY 21 FY 22 FY 19 FY 20 FY 21 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 starting 2024 for in the 10th Roun
Slide 24: BPRL's Upstream Story over the years
BPRL’s Upstream BPCL Evolution Story over the years… Story over the years……. 2019 2022 2018 2016 2013 FDP in Brazil Overseas Onshore 2012 Entry in Lower Operatorship Zakum – Abu Dhabi Russian Acquisition FID in Mozambique Schedule B 2009 Lead operator Indonesia 2008 entry Brazil & Mozambique acquisi
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 ▪ 2.7 MMToE eqv. production UAE 1 Onshore 1 ▪ Presence in 4 continents, 6 countries Mozambique 1 Area 1 2 BM-SE
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 Capacity generation for 1 GW Green Energy Digital Transformation petchem products More than Tripling Capacity(Solar) up from improving customer ease footprint in GAS up from present 43 MW of living; operational Investment of ₹ 38000 Cr 2.1 to 7.5 MMTPA.
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 BPCL Evolution 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 28.3 Singapore FY 22 76.7 1,343 30.9 15,442 China 14,408 27.6 FY 21 72.7
Slide 31: 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 32: Thank You
BPCL Evolution Thank You 32
Bharat Petroleum — Investor Presentation (December 2022) on 6ix