Oil India Limited · NSE:OIL
Oil India — Investor Presentation (November 2009)
18 slides from Oil India's investor presentation, November 2009
Slide 1: Oil India Limited Investor Presentation
Oil India Investor Presentation – H1 FY2010 OIL INDIA LIMITED Investor Presentation November 2009 Disclaimer This presentation contains certain forward looking statements concerning OIL India’s future business prospects and business profitability, which are subject to a number of risks and uncertain
Slide 2: Sector outlook and opportunities; overview; strategy; financial performance
Oil India Investor Presentation – H1 FY2010 FY2009 Sector outlook and opportunities OIL India – An overview Business structure, performance and strategy Financial performance Oil India Investor Presentation – H1 FY2010 FY2009 Sector outlook and opportunities OIL India – An overview Business structur
Slide 3: Global Oil and Gas trends; Domestic Industry environment
Global Oil and Gas trends Brent oil price futures/forwards and forecasts LTM oil price and equity market performance (US$/bbl) (Rebased to Brent) 160 150 140 125 120 100 100 -16% 80 60 75 -38% -45% 40 50 20 0 25 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Aug-08 Nov-08 Feb-09 May-09 Aug-0
Slide 4: India: Energy scenario; OIL at a glance
India: Energy scenario Primary Energy Consumption (MTOE) Crude Oil Consumption (MTOE) UK 212 Canada 102 South Korea 240 S. Korea 103 France 258 Germany 118 Germany 311 Canada 330 Russia 130 India 433 3.8% of total India 135 3.4% of total Japan 508 Japan 222 Russia 685 China 376 China 2,003 USA 2,299
Slide 5: Rich heritage of building a company
Oil India Investor Presentation – H1 FY2010 FY2009 Sector outlook and opportunities OIL India – An overview Business structure, performance and strategy Financial performance Rich heritage of building a company • Independent India’s first commercial oil discoveries were made by Assam Oil Company – N
Slide 6: Select highlights for H1 FY2010; Shareholding pattern
Select highlights for H1 FY2010 OIL’s shares listed on September 2009 at a 8% premium to its issue price on the NSE and continues to trade above issue price Highest ever crude oil production at 3.58 mtpa - a 2.2 % increase over Q2, 2008-09 Highest ever crude oil delivery at 3.67 mtpa - a 3.9 % incre
Slide 7: Key lines of business
Oil India Investor Presentation – H1 FY2010 FY2009 Sector outlook and opportunities OIL India – An overview Business structure, performance and strategy Financial performance Key lines of business Exploration Production Transportation Downstream • Domestic: 23 exploration • 50 years of experience in
Slide 8: Reserves Overview (3P); Exploration Blocks: National Presence
Reserves Overview (3P) Total reserves 2007 2008 2009 Total Reserves (mmboe) (mmboe) 1,550 1,542 Crude Oil 1,000 1,039 999 4% 2. G R: A 1,511 sC ve s er Re 1,500 Natural Gas 471 472 543 1,471 Overall (O+OEG) 1,471 1,511 1,542 1,450 2007 2008 2009 Note: 1. OEG – Oil Equivalent Gas 15 Exploration Block
Slide 9: Exploration Acreages; NELP VIII blocks provisionally awarded
Exploration Acreages Operator Blocks (NELP) 11 19,227 Non-Operator Blocks (NELP) 12 82,175 1 2 1 6 1 1 4 1 1 2 3 8,885 37,066 7,650 22,829 16,140 899 1,518 4,970 275 110 1,060 II IV V VI VII I II III IV VI VII All Onshore 4 Onshore, 1 Offshore & 7 Deepwater Petro. Mining License (PML) Petro. Explora
Slide 10: Overseas Exploration and Development Blocks
Overseas Exploration and Development Blocks EGYPT* Block 3 8,287 25 Block 4 2,600 (GSPC) 50 LIBYA 7,087 Area 86 50 2,710 Area 102/4 25 6,629 (Sonatrach) Area 95/96 IRAN 3,500 20 (OVL) Farsi Offshore 17.5 NIGERIA YEMEN 2,094 Block 82 1,857 15 (Suntera) OPL 205 Block 83 364 (Medco) TIMOR LESTE* 12.5 G
Slide 11: Crude Oil and Natural Gas Reserves and Production
Crude Oil and Natural Gas Reserves Crude Oil Reserves (mmboe) Natural Gas Reserves (mmboe) Overall Reserves (mmboe) 1,800 1,800 1,800 1,511 1,542 1,500 1,471 1,500 1,500 1,200 1,200 1,200 1,039 1,000 999 974 933 900 900 900 829 588 575 600 540 600 543 600 529 532 471 472 452 399 345 283 296 285 289
Slide 12: Crude Oil and Natural Gas Sales; Low Lifting and Finding costs
Crude Oil and Natural Gas Sales Crude Oil Quarter on quarter sales (mmboe) Natural Gas Sales (mmboe) 8.00 5 6.79 7.00 6.57 6.25 6.22 6.38 4 6.00 5.00 2.86 2.96 2.89 3 2.79 2.53 4.00 3.00 2 2.00 1 1.00 0.00 0 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 23 Low Lifting and Finding costs
Slide 13: Healthy reserve replacement ratio; Realized Price
Healthy reserve replacement ratio Crude Oil and Natural Gas (O+OEG) FY2009 169 FY2008 204 FY2007 204 FY2006 159 FY2005 176 0 50 100 150 200 250 Adequate reserve replenishment 25 Realized Price Realized Price ($/barrel) 140 CAGR (FY07 – 09) = 13.0% 117.74 120 100 83.22 81.69 80 73.51 64.96 62.6 58.13
Slide 14: Impact of discount; Business strategy
Impact of discount Particulars FY 2009-10 FY 2008-09 Q1 Q2 Q1 Q2 Q3 Q4 TOTAL US $ / BBL Pre - Discount 57.49 67.39 121.54 114.16 54.27 44.64 81.69 Less: Discount 1.84 10.45 40.48 47.65 16.79 3.06 26.13 Post Discount 55.65 56.93 81.06 66.51 37.48 41.58 55.56 US $ Mn Discount 12 72 252 310 108 18 657
Slide 15: Revenue and profitability
Oil India Investor Presentation – H1 FY2010 FY2009 Sector outlook and opportunities OIL India – An overview Business structure, performance and strategy Financial performance Revenue and profitability Revenue and profitability analysis (USD mn) 2,000 Income PAT .5% CAGR: 10 Revenue 1,677 1,600 1,401
Slide 16: Networth and Book Value; Cash Flow and EBITDA Margin
Networth and Book Value Networth (USD mn) and Book Value Analysis (USD) Networth (LHS) Book Value (RHS) CAG R: 16.6% 2,788 2,500 Networth 20 1,935 1,992 2,000 15 1,629 12.8 1,500 1,406 1,220 9.3 10 9.0 1,000 7.6 5.7 6.6 5 500 0 0 FY2006 FY2007 FY2008 FY2009 H1 FY2009 H1 FY2010 31 Cash Flow and EBITD
Slide 17: Dividends, Earnings per share, Investment Plans
Dividends distribution and Earnings per share highlights Dividends distribution Earnings per share and Debt-Equity ratio 120 0.14 35 320 0.12x 104 33.93 305 100 0.12 34 33.56 300 86 83 32.9 0.1 33 80 72 67 280 0.08 32 60 275 0.06x 0.06 31 30.19 260 265 40 260 0.04 30 240 20 0.02x 0.02 29 0.006x 0.00
Slide 18: Thank You
THANK YOU 35