Oil India Limited · NSE:OIL
Oil India — Investor Presentation (June 2022)
49 slides from Oil India's investor presentation, June 2022
Slide 1: Analysts' & Investors' Presentation
Analysts' & Investors' Presentation June’2022
Slide 2: Disclaimer
Disclaimer This presentation is prepared by Oil India Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person and does not constitute any recommendation or form part of any offer or inv
Slide 3: Agenda
Company Overview Strategic Strengths Assets Overview Operating & Financial Performance Growth Strategy ESG Highlights
Slide 4: Company Overview
Company Overview 4
Slide 5: An Overview
An Overview Rich Heritage 6 decades of presence in oil & gas sector Public Sector Undertaking in 1981 Strong Parentage with 'Navratna' Status in 2010 Govt. of India GoI Stake 56.66% Presence across Oil & Gas Value Chain Integrated & fully Integrated infrastructure & In-house expertise serviced Oil &
Slide 6: Management Team - Functional Directors
Management Team Functional Directors Sushil Chandra Mishra Experience in diverse fields of Chairman & Managing Director Strategic Planning, E&P Projects, Corporate affairs & business > 37 yrs experience development Harish Madhav Experience in diverse field of Director (Finance) Financial Management
Slide 7: Management Team - Government Nominee and Independent Directors
Management Team Government Nominee Directors Asheesh Joshi IAS 2006 Director (Expl-I), MoP&NG Experience at senior positions in various Govt. Depts Independent Directors Dr. Tangor Tapak M.B.B.S from Sarojini Naidu Medical College, Agra Chartered Accountant. Gagann Jain Over 15 years of work experie
Slide 8: Management Team - Independent Directors
Management Team Independent Directors B.A, LLB. Pooja Suri Hony. Member of Managing Committee of PHD Chamber of Com- merce and Industry. Over 15 years of work experience Raju Revanakar B.Sc degree from Basaveshwar Science College, Bagalkot Social welfare activist since last 30 years for the downtrod
Slide 9: OIL's Shareholding Structure
OIL's Shareholding Structure Listed on BSE / NSE DII (Incl. LIC), 15.96 FII, 12.14 Number of shares 108.44 crore EPS Corporate FY 22 Rs.35.85/ share GOI, 56.66 Bodies , 10.07 Dividend 2021-22: Others, 5.16 Interim Rs.9.25/ Share, Final Rs.5.00/Share Key shareholders % Shareholding Government of Indi
Slide 10: OIL's Journey - Milestones
OIL’s Journey - Milestones 10
Slide 11: Credit Ratings
Credit Ratings Ratings Baa3 Long Term - AAA (Stable) Short Term- A1+ BBB- Long Term - AAA (Negative) Short Term- A1+ 11
Slide 12: Key Performance Highlights
Key Performance Highlights Highest ever turnover and Profit After Tax during 2021-22 NRL also reported highest Profit After Tax during 2021-22 Highest ever natural gas production of 3045 MMSCM in 2021-22 1st company in the country to commission a pilot plant of 100 KW capacity based on Anion Exchang
Slide 13: Strategic Strengths
Strategic Strengths 13
Slide 14: Group Structure
Group Structure OVERSEAS DOMESTIC 100% 100% 100% 40% 25% 100% Oil India Sweden AB, Sweden NRL Oil India (USA) Oil India Beas Rovuma Suntera Nigeria Energy Oil India International Pte. Ltd., 69.63% Inc., USA International BV, 205 Limited, Mozambique Singapore Netherlands Nigeria BCPL Limited, Mauriti
Slide 15: Investment in Other Entities
Investment in Other Entities 69.63% 48.68% 10% + 10% OIL + NRL 20% + 20% 50% 23% 23% + 26% OIL + NRL OIL + NRL 15
Slide 16: Integrated Oil & Gas Player
Integrated Oil & Gas Player Exploration Production Transportation Downstream Non Conventional Energy Refining and Crude oil marketing 48 installations 69.63% equity stake in 1,670 km pipelines NRL 5% equity stake in IOCL Natural gas Crude Oil 29 installations Gas Cracker Project 1,157 km pipeline; 7
Slide 17: In-house Capabilities
In-house Capabilities Vertically Integrated E&P Operations Infrastructure to Support E&P Activities One 2D Drilling 8 Logging Units - in-house Wireline One 3D - 6 in-house, Logging 2 CH Seismic crew - in-house Seismic API 22 Work-over 19 Drilling Rigs (2D and 3D) Rigs - 11 in-house, - 12 in-house, 8
Slide 18: Technology in OIL's Journey
Technology in OIL’s Journey Sl Technology Implemented for Intensive Explora�on 1 Alpha Dominant Frequency (ADF) Processing 4.5 2 Cable-less Seismic data acquisi�on 4 System Annual Oil Produc�on (MMT) 3.5 3 Passive Seismic Tomography (PST) 3 4 Airborne Gravity Gradiometry (AGG) & Gravity Magne�c (GM)
Slide 19: Expansion Plans - Numaligarh Refinery Limited
Numaligarh Refinery Limited Distribution Infrastructure Product Terminals at Numaligarh and Siliguri, OIL owned product pipeline Credit Rating CRISIL - AAA/Stable/A+ on Long/ Short term bank facilities Numaligarh Refineries Limited (NRL) Expansion Plans 3MMT Refinery in North-Eastern State of Assam
Slide 20: NRL Performance at a glance - Physical
NRL Performance at a glance PHYSICAL PERFORMANCE 2020-21 2021-22 CRUDE THROUGHPUT (TMT) 2707.35 2624.41 CAPACITY UTILISATION (%) 90.20% 87.48% PRODUCTION (TMT) 2740.46 2583.96 LIGHT DISTILLATES (%) 25.40% 24.36% MIDDLE DISTILLATES (%) 70.60% 71.73% HEAVY ENDS (%) 4.10% 3.87% FUEL AND LOSS (%) 10.26%
Slide 21: NRL Performance at a glance - Financial
NRL Performance at a glance FINANCIAL PERFORMANCE (INR/cr) 2020-21 2021-22 INCOME FROM OPERATIONS 18,542.18 23,545.80 TOTAL INCOME 18,543.59 23,547.59 EBITDA 4,439.53 5,172.30 PAT 3,036.10 3,561.56 EPS (₹ per share) - Face value Rs 10 41.27 48.42 GROSS REFINERY MARGIN ($/bbl) 4.09 14.33 21
Slide 22: Assets Overview
Oil India Limited Assets Overview
Slide 23: Domestic Acreage
Domestic Acreage Blocks Non Operated Total Area (SQ KM) Operated PML (Nom) 25 - 25 4,804 PEL (Nom) 3 - 3 332 Pre-NELP JV - 2 2 121 NELP 4 2 6 9,210 OALP 27 - 27 49,573 DSF 2 1 3 158 Total 61 5 66 64,186 Operated : 58,748 sq km, Non- Operated : 5,438 sq km 23
Slide 24: Domestic Acreage
Domestic Acreage Nominated Acreage NELP Blocks Pre NELP JVC Blocks DSF Blocks OALP Blocks OIL as Operator 24
Slide 25: Overseas Assets Overview
Tag a STORY Co aiaa gfe fates i Oil In Overseas Assets Overview Venezuela Libya Russia Russia Carabobo (3.5%) Area 95/96 (25%) JSC Vankorneft (8.0065%) License-61 (50%) LLC TYNGD (10.0165%) 383 km? 6629 km? 1869 km? 4991 km? 1424 km? e@ Exploratory Asset r ) @ Development Asset Producing Asset Bangl
Slide 26: Major Overseas Projects - Taas Yuryakh
Major Overseas Projects Taas Yuryakh, Russia Jointly acquired 29.9% with IOCL and BPRL in Oct 2016 Acquisition Cost: US$1.173 bn (OIL’s share: 33.5%, US$392.9 mn) Block Area 1,424 sq km (2 license blocks of 653 sq km and 771 sq km) Located in Eastern Siberia, Onshore Russia OIL’s share 2P reserves ~
Slide 27: Major Overseas Projects - Vankorneft
Major Overseas Projects Vankorneft, Russia Jointly acquired 23.9% with IOCL and BPRL in Oct 2016 Acquisition Cost: US$1.79 bn (OIL’s share: 33.5%, US$598mn) Block Area 1,869 sq km (2 license blocks of 1,632 sq km and 237 sq km) Located in Eastern Siberia, Onshore Russia OIL’s share of 2P reserve ~13
Slide 28: Major Overseas Projects - Area 1 Rovuma
Major Overseas Projects Area 1 Rovuma, Mozambique OIL & OVL acquired 10% stake in Offshore Mozambique Area 1 in Jan 2014 Acquisition Cost: US$2,519 mn (US$ 1,007 mn by OIL) Located in the Rovuma tertiary deltaic basin extending from coastal part Strategically located to supply LNG to buyers from Asi
Slide 29: Operating & Financial Performance
Operating & Financial Performance 29
Slide 30: Operating Performance
Operating Performance Crude Oil Production (MMT) Natural Gas Production (MMSCM) 3.13 2.96 3.01 3,045 2,801 2,642 FY 20 FY 21 FY 22 FY20 FY21 FY22 30
Slide 31: Diversified Reserve Base
Diversified Reserve Base 1P (MMBOE) 2P (MMBOE) 3P (MMBOE) 626 982 996 1246 543 845 1252 574 647 870 1083 1103 73 126 149 310 767 1084 214 210 306 522 503 734 684 653 1034 100 92 245 231 400 381 Domes�c Overseas Total Domes�c Overseas Total Domes�c Oversas Total Crude Oil Natural Gas Natural gas rese
Slide 32: Price Realisation
Price Realisation Crude Oil (US$/ bbl) Natural Gas (US$/ mmbtu) 78.9 60.8 6.10 53.3 44.0 40.7 2.90 2.39 29.5 1.79 1.79 FY 20 FY 21 FY22 Apr-20 Oct-20 Apr-21 Oct-21 Apr-22 Price Realized Net Realiza�on a�er Levies Govt. notified Gas Price 32
Slide 33: Financial Performance
Financial Performance Revenue (Rs. Crore) EBITDA (Rs. Crore) & EBITDA Margin (%) 16,428 7,266 13,649 10,561 4,111 3,208 46% 44% 30% 30% 30% 30% FY 20 FY 21 FY 22 FY20 FY21 FY22 EBITDA EBITDA Margin PAT (Rs. Crore) Earning Per Share (Rs.) 3,887 35.85 2,584 23.83 1,742 16.06 FY20 FY21 FY22 FY20 FY21 F
Slide 34: Valuation and Dividend Payout
Valuation and Dividend Payout Net Worth (Rs. Crore) Book Value per Share (Rs.) 26,979 24,500 23,128 275.64 241.70 224.88 FY20 FY21 FY22 FY20 FY21 FY22 Dividend (Rs. Crore) Dividend Payout Ratio (% of PAT) 1,546 44% 40% 1,249 498 31% 428 670 498 542 876 751 235 726 751 307 307 FY 20 FY 21 FY 22 FY20
Slide 35: Leverage
Leverage Long Term Debt (Rs. Crore) Debt / Equity (%) 11,636 11,418 46.6% 43.1% 38.4% 8,885 FY20 FY21 FY22 FY20 FY21 FY22 Consolidated Group Debt as on 31st March’ 2022 is Rs.16,388 crore. 35
Slide 36: Contribution to Exchequer
Contribution to Exchequer Central Exchequer 2,027 1,576 1,211 1,123 1,101 980 812 524 349 FY 20 FY 21 FY 22 Corporate Tax Cess Dividend & Others State Exchequer 1,904 1,783 1,106 956 831 590 FY 20 FY 21 FY 22 Royalty VAT & Others 36
Slide 37: Growth Strategy
Growth Strategy 37
Slide 38: Capex Plans
Capex Plans 2021-22 (Actuals) : Rs.4,367 crore 2022-23 (BE Plan) : Rs.4,302 crore 14% 13% 14% 24% 10% 23% 22% 18% 35% 27% 2019-20 397 946 1,192 1,121 592 4248 2020-21 833 533 657 1,534 1,098 4655* * Additional Strategic Investment: Rs.8,677 crore in NRL Survey Exploratory Drilling Development Drilli
Slide 39: Short Term Growth Perspective: Mission 4+
Short Term Growth Perspective : Mission 4+ OIL had prepared Enhanced Production Profile of all oil & gas producing fields under nomination regime. The plan was vetted by M/s D&M, as third party internationally reputed expert agency. 5 Thrust areas identified- Balimara, Lakwagaon and Baghjan in Assam
Slide 40: Long Term Growth Strategy
Long Term Growth Strategy OIL has aspiration to be an international E&P player with operations at scale in at least two geographical clusters outside India, significantly higher production, reserves and cash flows while being known globally for its capabilities to extract value from mature assets. 1
Slide 41: Strategies to Achieve 2030 Aspirations
Strategies to Achieve 2030 Aspirations Reimagined Main Producing Area development to maximise potential Step up exploration and development activities in select Indian basins Built international presence at scale in one or two geographic clusters Pursuing selective, profitable diversification in the
Slide 42: ESG Highlights
ESG HIGHLIGHTS 42
Slide 43: Social Risks & Mitigating Measures
Social Risks & Mitigating Measures Carbon Transition Physical Climate Risks Water Management Commitment towards NDC Seismic Vulnerability, Subsidence Periodic ground water analysis GHG Footprint mapping Assessment carried out Innovation – Use of Backlash water filter Identified CCA Measures and CER
Slide 44: Social Risks & Mitigating Measures
Social Risks & Mitigating Measures Customer Relations Human Capital Demographic & Societal Trends Data & Cyber Security – Data protection Labour Relations – structured programs to Identified major thrust areas for CSR Strategy, technology to secure customer improve skill levels & morale namely Healt
Slide 45: Under CSR
OIL Swabalamban Augmentation of OIL Rural Infrastructure Sparsha Under CSR OIL Nursing School OIL Super 30 OIL Rupantar 45
Slide 46: COVID Initiative
COVID INITIATIVE 1. Set up 100 bedded COVID Care Centre at Duliajan 2. Supply, Installation, and Commissioning of 9 nos. of Oxygen Plants in Bihar (5), UP (2), Nagaland (1) and Arunachal Pradesh (1) with combined oxygen generation capacity of more than 17,000 Litre per Minute (LPM). 3. Supply of 500
Slide 47: To Summarize
TO SUMMARIZE 2nd Largest Public Sector E&P Company …With Strong Credit Metrics Steady and sustained growth Sound financial health Strong operating track record 6 decades of E&P expertise Spreading wings: NE – Pan India – Global Large prospective E&P acreage Pioneer in Pipeline Transportation Acquisi
Slide 48: Our Contact Points
Our Contact Points For Institutional Investors & Analysts For Retail Investors Shri Sanjay Choudhuri Shri A. K. Sahoo Executive Director (Finance & Accounts) Company Secretary Phone No. 0120 - 2419114 Tel No: 0120 - 2419098 Email : sanjaychoudhuri@oilindia.in Fax No: 91 120-2419069 Email: investors@
Slide 49: Thank You
Taner RTT TY ‘Resear re