Indian Oil Corp. Ltd. · NSE:IOC
Indian Oil — Corporate Update (June 2020)
47 slides from Indian Oil's corporate update, Jun 24, 2020
Slide 1: Press Conference, June 24, 2020, New Delhi
Slide 2: Landmark Year
Landmark Year Leapfrogging from BS IV to BS VI in a matter of 3 years. Landmark achieved on March 16, 2020. Pump nozzles of all IOCL ROs now dispensing BS VI.
Slide 3: Fueling the Nation.. even in Lockdown
Fueling the Nation.. even in Lockdown
Slide 4: Operational Milestones - Refineries
Operational Milestones - Refineries Crude Processing (MMT) 71.9 69 69.4 65.2 Best in class furnace efficiencies Leapfrogging from despite mega constructions and BS IV to BS VI revamps in operating refineries 2016-17 2017-18 2018-19 2019-20 >100% utilization based on nameplate capacity of 69.2 MMT Ma
Slide 5: Pipeline Operations
Pipeline Operations Pipeline Throughput (MMT) 88.5 Crude Oil Pipelines achieved Highest ever throughput of a throughput of 47.5 MMT 37.1 MMT in Product with a capacity utilization of Pipelines around 98%. 3.5% 85.7 85.4 438 km of pipeline network Capacity of 94.56 MMTPA 3.8% added and the IOC pipeli
Slide 6: Network Expansion
Network Expansion 69 km , 2 MMT India-Nepal Motihari- Pipeline Length (km) Amlekhganj POL pipeline inaugurated 14,670 14,231 Pipeline, supposedly the longest LPG Pipeline globally is on track. 13,391 • Project is being executed by IHB Ltd 12,848 • 50% stake from IOCL. Decks cleared for Execution of
Slide 7: Tie-ups for Sustainable Value chain
Tie-ups for Sustainable Value chain Carbon Capture Utilization and Storage IOC and ONGC (CCUS) CO2 assisted Enhanced Oil Recovery IOC and OIL Enhanced Domestic Oil production
Slide 8: Digitalization
Digitalization AI/ML enabled CCRU yield/ RON Optimization tool deployed at Panipat Energy Management GeM integration with SAP System Smart Turnaround Refinery Production Management System for Scheduler real time monitoring of shutdowns Recognised as one of the top 10 digitally empowered PSUs of the
Slide 9: Refinery - Mega Projects
Refinery - Mega Projects Delivered in 2019-20 Distillate Yield VGO Treater Polypropylene Improvement - Haldia - Gujarat - Paradip Upcoming in 2020-21 Barauni Refinery PX-PTA Revamp LAB Expansion - Expansion (BR- Panipat Gujarat 09)
Slide 10: Awards and Accolades
Awards and Accolades Company of the Refinery of the ‘CHT’ Saksham- Refinery of the National Safety Year Year 2019 Year Award in Petrochemicals - Downstream Paradip & - 2019 for Mathura - Bongaigaon Category India Excellence Guwahati Refinery Refinery Award by FIPI by Global Refining and Petrochemica
Slide 11: Business Differentiators
Business Differentiators Digitalization of Reliability Sustainability in operations mind Application of Readiness for un- Commitment to online processes, interrupted sustainable AI/MI and new supply of solutions through age technology in alternatives like Petroleum day to day renewables and working
Slide 12: Serving the nation with fuels and more…
Serving the nation with fuels and more… Domestic POL Sales (MMT) Led the oil marketing companies in in release of 8 77.32 80.21 83.18 81.94 crore LPG connections Pradhan Mantri Ujjwala Yojana (PMUY) 11.6 LPG 10.8 12.3 10.1 Naptha • Achieved in Sept. 2019 – seven 11.6 MS months ahead of the timeline.
Slide 13: Focus on Energy Solutions
Focus on Energy Solutions IMO 2020 Winter Grade High Flash Diesel Ethanol Blended Special Products Diesel MS First Company in Production of BS VI 1st Batch of NATO Ethanol Blended MS Crumb Rubber India to offer IMO Compliant Winter Grade High Flash from Mathura Modified Bitumen compliant marine Grad
Slide 14: Making its way through the Covid-19 lockdown
Making its way through the Covid-19 lockdown PM CARES Medical Term Cover Supply Fund Insurance Readiness ex-gratia Covid-19 To include any insurance cover of COVID-19 related Rs. 5 lakhs for Robust plans for POL Rs. 225 crore ailment for LPG extended workforce movement and contribution from delivery
Slide 15: Beyond Oil
Beyond Oil
Slide 16: Value creation in Petrochemicals
Value creation in Petrochemicals DOMESTIC PETCHEM SALES (TMT) More than 115 OEM approvals 2423 2289 2114 98 2092 Butadiene 84 Symbol of Excellence In Plastics & Polymer Industries 88 94 Polymers 1,178 1,351 Glycols 1,221 1,288 More than 20 import substitute grades PX/PTA 360 331 308 277 LAB/ HAB Pr
Slide 17: Gas Business
Gas Business Data in MMT 19% 3% 2% 4.72 3.79 3.86 3.96 2016-17 2017-18 2018-19 2019-20 Note: Includes Internal Consumption A staggering 19% Growth in R-LNG Portfolio
Slide 18: Gas Infrastructure
Gas Infrastructure Commissioning of Ennore- ETMPL Ennore-Sriperumbur Priority section of Manali section of the Ennore- section targeted to be Mallavaram-Bhopal-Bhilwara- Tiruvallur-Bangalore- completed by June 2020 Ennore-Ramanathapuram Vijaipur PL i.e. from Pondicherry-Nagapattinam- and Thiruvallur
Slide 19: Upstream Portfolio
Upstream Portfolio Blocks’ Location 5.0 Reserves & Production 4.5 Overseas 4.0 1 3 01 7 12 Blocks 3.5 3.0 4.4 2.5 Domestic 2.0 4.3 3 1 1 6 1 12 Blocks 1.5 2.7 1.0 Exploration 1.4 0.5 Discovery 0.0 Appraisal 2016-17 2017-18 2018-19 2019-20 Under Development Production (MMToe) Production
Slide 20: Recent Acquisitions Key Developments
Recent Acquisitions CMB Sales Cauvery Block, Tamil Nadu from Jharkhand Block West Mechaki , Assam New Gas discovery in Gujarat- Baghewala , Rajasthan Kutch Offshore 4.2 TMT Production Block Onshore-1, Abu Dhabi from Producing Fields Key Developments
Slide 21: New Downstream Overseas Linkages
New Downstream Overseas Linkages MoU with EDEN Group for opportunities in Oil & Gas sector in Myanmar. MoU signed with PTT Oil & MoU signed with IGE Retail (PTTOR), Thailand, Group of Myanmar, for the State-owned Oil pursuing business Company of Thailand, for opportunities in cooperation in Retail,
Slide 22: Expanding Overseas Horizons
Expanding Overseas Horizons An all-weather solution for supplying LPG to Tripura was put in place by way of First SERVO Distributor (M/s importing Bulk LPG from Bangladesh by Machinery & Solutions) road. appointed in Maynmar JV with TOTAL Marketing & Non-Binding Offer (NBO) for Services, France for
Slide 23: Alternate Energy Space
Alternate Energy Space – 393 GWHr generation in 2019-20 201.6 216.2 226 187.1 equating to ~ 5% of the electricity consumed by the corporation – Mitigated ~318 TMT equivalent CO2 2016-17 2017-18 2018-19 2019-20 in 2019-20 Renewable Capacity (MW)
Slide 24: Bioenergy
Bioenergy Letter of Intent (LOIs) for 295 Plants for production and supply of 0.6 MMTPA of CBG under the 'SATAT’ Sale of CBG commenced from two Retail Outlets in Pune and Kolhapur under the brand name "IndiGreen" Upcoming Biofuels Complex at Gorakhpur, UP Upcoming 2G Ethanol Project in Panipat, Hary
Slide 25: Other Futuristic Projects
Other Futuristic Projects JV agreement with Phinergy (Israel) EV Charging at 43 Retail Outlets to setup a Metal-Air battery unit in India for EVs Plastic H-CNG Trials on CNG Neutrality buses (Creating Cyclical value chain for Plastic Recycling and Reuse)
Slide 26: R&D
R&D New avenues of collaboration • SolPed International-Israel | BARC | L&T | SAIL | ONGC Indianoil’s Start-up Fund Cutting-edge solutions • Lubes | Catalysts | Additives | Petchem| Polymers | 2G/3G Bio-fuels | Hydrogen • Incubated 24 start-ups - 2 funding rounds 929 Active patents ( Domestic: 285/
Slide 27: Projects
202: YEAR OF DIGITALISATION Indiandil
Slide 28: CAPEX Trend
CAPEX Trend Actual 2019-20 Figures in Rs. Crore 30000 28316 25083 25000 22862 21795 21457 22208 20162 20000 15395 14479 14369 15000 10000 5000 0 2015-16 2016-17 2017-18 2018-19 2019-20 Budgeted Expenditure Actual Expenditure Above CAPEX figure is inclusive of CAPEX of Major Projects (Standalone + JV
Slide 29: Major Projects Completed (2019-20)
Major Projects Completed (2019-20) Polypropylene Plant at Paradip Refinery, INDMAX Project at Bongaigaon Refinery, BS-VI Project at IOCL Refineries Odisha Assam ~ Rs 17,000 crs # 14-07-2019 #05-02-2020 Rs 3150 Cr Rs 2582 Cr Fuel quality upgradation Project at Gujarat Jaipur-Panipat Naphtha Pipeline
Slide 30: Major Projects under Implementation
Major Projects under Implementation Refineries (>Rs 500 Cr Projects) Ethylene Glycol (MEG) Project at Acrylics/ Oxo Alcohol Project at Paradip Refinery Gujarat Refinery, Gujarat Fuel Quality Upgradation Project at Fuel quality upgradation Project at Paradip Refinery, Odisha Barauni Refinery, Bihar A
Slide 31: Major Projects under Implementation
Major Projects under Implementation Pipelines (>Rs 500 Cr Projects) Crude Oil Pipeline in H-B section of Ennore - Thiruvallur - Bengaluru - PHBPL and Conversion of existing Paradip - Hyderabad Pipeline, Puducherry - Nagapattinam - Koyali - Ahmednagar- Solapur 18" twin pipelines in H-B section Madura
Slide 32: Major Projects under Implementation
Major Projects under Implementation (>Rs 500 Cr Projects) Marketing Construction of POL LPG Import Facility at LPG Import Terminal and Terminal at Malkapur, Paradip, Odisha Jetty at Cochin, Kerala Telangana #Oct-2020 # Dec-2020 # Mar-2023 Rs 690 Cr Rs 714 Cr Rs 611 Cr Augmentation of Kandla Construc
Slide 33: Major Projects under Implementation
Major Projects under Implementation (>Rs 500 Cr Projects) City Gas Distribution (CGD) Muzaffarpur, Vaishali, Srikakulam, Palakkad & Thrissur Coimbatore district, Kozhikode & wayanad Saran and Samastipur Visakhapatatnam and Districts Tamil Nadu Districts, Kerala districts, Bihar Vizianagaram AP #Sep-
Slide 34: Social Consciousness
Social Consciousness
Slide 35: CSR
CSR IndianOil Vidushi IndianOil Arogyam • Noida and Bhubaneswar • 12 Mobile Medical Units • Being expanded to Patna, (MMUs) operating since Jaipur and Chennai FY19 in the catchment • Specialised coaching and areas of Mathura, mentoring to girl students Bongaigaon & Paradip from under-privileged refi
Slide 36: Financials
Sy IndianOil
Slide 37: Turnover
Turnover Rs. crore 5,96,220 Particular 2017-18 2018-19 Var (%) 4,97,400 Q-4 1,42,689 Petroleum 449648 543,862 21.0% Q-4 1,34,524 Q-3 Petrochemicals 17163 20,180 17.6% 157740 Q-3 Gas (Inc. Upstream 129370 6103 7,947 30.2% sales) Q-2 Q-2 148320 Exports 24486 24,231 -1.0% 109436 Turnover 497400 596,220
Slide 38: Profits
Profits Profit After Tax (Rs. crore) 21,346 19,106 16,894 2016-17 2017-18 2018-19
Slide 39: Profits (Quarterly)
Profits (Quarterly) Profit After Tax (Rs. crore) 6,831 6,099 3,247 717 Q1 Q2 Q3 Q4
Slide 40: Profitability for the year
Profitability for the year Key Indicators (Rs. crore) Deviations in Annual Profit from Previous Year 2017-18 2018-19 Decrease by Rs. 4,452 crore Net Profit/ (Loss) 21,346 16,894 Decrease by Rs. 2,623 crore Major Reasons Contributing to the decrease in Profit: Inventory Gains/ (Loss) - Gross 6,795 4,
Slide 41: Under-Recoveries
Under-Recoveries Rs. crore Parameter 2016-17 2017-18 2018-19 Under-Recovery on SKO 5,149 3,196 4,110 Claims thru DBTL – LPG 6,265 10,627 15,638 Total 11,414 13,823 19,748
Slide 42: Leverage
Leverage Rs. crore 1,00,000 86,359 1.00 80,000 0.79 0.80 58,030 Rs. crore 60,000 D/E Ratio 54,820 0.55 0.60 40,000 0.53 0.40 20,000 3,445 3,483 4,311 - 0.20 2016-17 2017-18 2018-19 Interest Cost Borrowings Debt Equity Ratio
Slide 43: Contribution to Exchequer
Contribution to Exchequer 1,90,670 1,93,422 1,79,014 76,197 87,308 92,027 States Central 1,02,817 1,03,362 1,01,395 2016-17 2017-18 2018-19
Slide 44: Evolving Human Capital
Evolving Human Capital Driver – Leveraging People’s Potential & Motivating Millennials Robust Induction & Onboarding Programme Saksham – Competency Development Programme A Great Place to Work Schemes for Upgrading professional skills - e-Learning Platform Mentoring & Reverse Mentoring Process Focus
Slide 45: A few elements of future strategy
A few elements of future strategy • Brownfield expansions with value added products • Cost leadership thru business process transformation Consolidation of Existing • Increasing LPG import and pipeline capacity; widening product mix Business • Automation of ROs for reliable and consistent service de
Slide 46: Our Superstars
Our Superstars Padma Bhushan and Dronacharya awardee Pullela Gopichand was honoured as Coach of the Year. Rohit Sharma was adjudged best sportsman of the Year (cricket).
Slide 47: Thank You!