Bharat Petroleum Corporation Limited · NSE:BPCL
Bharat Petroleum — Q3 FY2024 Earnings Presentation
29 slides from Bharat Petroleum's earnings presentation, February 2024
Slide 1: Bharat Petroleum Corporation Limited Investor Presentation
Bharat Petroleum Corporation Limited Investor Presentation February 2024
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 Corporate Overview 2 Page 4 Business Overview 3 Page 9 Industry Overview Page 29 3 RESTRICTED
Slide 4: Section 1: Corporate Overview
Section 1: Corporate Overview 4 RESTRICTED
Slide 5: Introduction
Introduction India’s 2nd largest Oil Marketing Company (OMC) with standalone domestic sales volume of Ranking on Fortune 500- 2023 global list 2nd over 48.92 MMT and Market share of 25% during 233 Q3 of FY24 India’s 3rd largest in terms of Refining Rank on Platt’s Top 250 Global Energy 3rd Capacity
Slide 6: BPCL 5 Year Key Physical Indicators
BPCL 5 Year Key Physical Indicators Refining Capacity Market Sales Market Capitalization (MMT) (MMT) (INR billion) 48.92 38.30 38.30 43.07 43.1 42.51 977.36 928.33 38.74 833.65 746.87 779.52 685.05 35.30 35.30 FY20 FY21 FY22 FY23 FY 19 FY 20 FY 21 FY 22 FY 23 FY19 FY20 FY21 FY22 FY 23 Dec-23 India’s
Slide 7: Journey of last 15 years
CONSOLIDATED Journey of last 15 years REVENUE (₹ Cr) PAT* 2023 533547 2892 BORL (01.07.22) & BGRL (16.08.22) amalgamated with BPCL 2022 432570 12084 Maharatna PDPP Petchem Project, NRL disinvested, BORL becomes 100% 2017 Subsidiary 2021 304266 16045 BORL expansion to 7.8 MMTPA 2020 329797 4254 Kochi
Slide 8: Major Subsidiaries, JVs & Associates
Major Subsidiaries, JVs & Associates Subsidiaries Joint Ventures & Associates City Gas Aviation Trading Activities Upstream Pipelines LNG Fintech Refining Distribution Services & Others 50.00% 50.00% 12.50% 21.10% 25.00% 50.00% 100.00% 22.50% Indraprastha Gas Kochi Salem Pipeline Bharat Stars Servic
Slide 9: Section 2: Business Overview
Section 2: Business Overview 9 RESTRICTED
Slide 10: Downstream Asset Portfolio
Asset Portfolio 10 Refining Upstream 6 Countries 17 Blocks +15 Global Partners Upstream Russia, Brazil, Mozambique, UAE, Indonesia, Along with Equity Stake in 2 Total, ENI, ONGC, Rosneft, Mitsui, OIL, Presence India Russian Entities BP, ADNOC, Petrobras etc. E&P Midstream & Downstream Refining 3 Ref
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 35.3 27.2% market share1 27.4% market share1 Currently 8,000+ 22.7% market share1 in 25.0% market share1 Developing 50 GAs MMTPA
Slide 12: Refining Coverage
Refining Coverage 12 Installed Capacity Refining Throughput Refining Capacity 36.76 38.29 32.98 36.90 38.53 16.77 16.23 100% Mktg rights 16.13 Bina 15.58 Mumbai – 15.14 for NRL 14.78 Refinery 14.66 14.49 12 MMTPA 13.35 13.05 Kochi – 7.74 15.5 MMTPA 6.83 4.00 3.92 Mumbai Refinery 2.90 2.85 2.66 2.38
Slide 13: Mumbai Refinery- MR
Mumbai Refinery- MR 13 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 More th
Slide 14: Kochi Refinery- KR
Kochi Refinery- KR 14 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 consumption points
Slide 15: BINA Refinery
BR 15 BINA Refinery – 7.8 MMT Refining capacity at BINA State of art technologies - High Nelson Complexity Index 11.8 Associated Facilities – SPM, Crude Oil Terminal, 937-km cross country crude oil pipeline from Vadinar to Bina (VBPL) Bina Kota Pipeline for evacuation of products Merged wi
Slide 16: Marketing Operations and Efficiencies
Marketing Operations and Efficiencies 16 SBU Market Sales (MMT) LPG Bottling Capacity (TMTPA) 4,890 4,950 4,950 4,590 4,212 26.97 32.37 27.30 26.40 24.19 FY 19 FY 20 FY 21 FY 22 FY 23 0.24 0.30 0.39 0.35 0.37 7.05 6.95 7.17 6.78 6.08 2.01 1.05 1.74 1.99 0.8 Thru’put per Outlet BPC Vs. Industry 6.87
Slide 17: Strategic Pipelines Network
Strategic Pipelines Network 17 ✓ 3537 km long pipeline infrastructure (2600km- product + 937 km Crude Oil pipelines) with 29 MMTPA Design capacity (21.3MMT- Product + 7.8 Crude) ✓ Most optimized and efficient pipelines network with highest pipeline utilization in the PSUs ✓ Additionally, 100% access
Slide 18: Recent Projects
Recent Projects 18 Kochi Refinery – MS Block Project for BS VI grade gasoline and Maximization of Naptha to gasoline (₹ 32.89 Bn) Retail Infrastructure: Coastal terminal at (Commissioned) Krishnapatnam and Jammu Installation (₹ 12.57 Bn) Augmentation of LPG Cryogenic Facilities at Uran (₹ 12.31 Bn)
Slide 19: Upcoming Projects
Upcoming Projects 19 ✓ Investments in Mozambique and Brazil UPSTREAM ✓ BPCL is developing 25 Geographical Areas INVESTMENTS IN GAS ✓ Expansion of marketing infrastructure across all business MARKETING INFRASTRUCTURE verticals PETROCHEMICALS ✓ 2.2 MMTPA Ethylene Cracker at Bina Refinery and 400 KTPA
Slide 20: CAPEX Strategy
CAPEX Strategy BPCL Evolution 118.60 121.20 100.00 5.25 27.10 13.84 5.89 22.00 INR Billion 7.50 21.06 11.25 21.50 53.54 61.78 35.51 26.57 10.97 16.04 Actual - FY22 Actual - FY23 Budgeted - FY24 Refineries Marketing Investments in Exploration Investments in Gas Others Significant Expansion in Upstrea
Slide 21: Financial Performance
Financial Performance Net Worth Profit After Tax Capital Employed (INR Billion) (INR Billion) (INR Billion) 545.45 190.42 516.45 519.96 600 900 545 890 516 520 880 500 860 852 332.14 113.63 840 400 332 820 300 800 778 780 200 773 760 26.83 18.70 740 100 720 0 700 FY 20 FY 21 FY 22 FY 23 FY20 FY 21 F
Slide 22: BPCL R&D - Innovative Solutions & Key initiatives
BPCL R&D - Innovative Solutions & Key initiatives 150 ✓ Crude oil evaluation ✓ Advanced analytical support Operational ✓ Crude compatibility ✓ Catalyst evaluation and monitoring Excellence ✓ Modeling & Simulation ✓ Corrosion & fouling ✓ Real time optimization 82 Cost efficient ✓ K Model, BPMARRK® ✓
Slide 23: Gas Business
Gas Business 23 ✓ Bagged 8 GAs in 11th and 11th A Supply Round. BGRL merged ✓ LNG supply security: ✓ 2022 ✓ Long term tie ups of 0.85 MMTPA valid till 2028 at Dahej ✓ 2 more GAs rewarded in FY19 in the ✓ 0.56 MMTPA valid till 2036 at Kochi 10th Round ✓ Additional 0.48 MMTPA to start from 2026 onward
Slide 24: BPRL's Upstream Story over the years
BPRL’s Upstream Story over the years… 2022 2019 2018 FDP in 2016 Brazil 2013 Overseas Onshore 2012 Entry in Lower Operatorship – Zakum Abu Dhabi Russian Acquisition FID in Mozambique 2009 Schedule B Lead operator 2008 Indonesia entry Brazil & Mozambique acquisition 2006 Formation of BPRL 2003 Format
Slide 25: Upstream – Global Spread
Upstream – Global Spread Production 2 TYNGD Russia 2 Vankorneft Development Exploration / Appraisal 3 Cauvery Basin* India 3 Cambay Basin** 2 Assam-Arakan Indonesia 1 Nunukan 1 Lower Zakum UAE 1 Onshore 1 ✓ 0.6662 mmtoe production for Q3 Mozambique 1 Area 1 ✓ Presence in 4 continents, 6 countries 2
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 Other Block Operator BPCL Stake Other Partners BPCL Block Operator BPCL Stake Block Operator Partners Partners Stake BM-SEAL-11 NELP—IV Petrobras 24.5
Slide 27: Strategic Aspirations 2023-28
Strategic Aspirations 2023-28 ~2.8 MMT Petchem 1 GW Green Energy Capacity generation for More than Tripling footprint Capacity(Solar) up from Digital Transformation petchem products in GAS up from 2.1 to 7.5 present 64 MW improving customer ease of living; operational efficiencies & De-risking Refin
Slide 28: Awards & Recognition
Awards & Recognition ✓ Among top 20 Global Oil and Gas refining and marketing Cos ✓ Sustainable Growing Corporate of the Year Award 2021 ✓ India’s most sustainable Oil and Gas company ✓ 23rd National Awards for Excellence in Energy Management 2022 ✓ SkochAward for Innovative Digital Transformation i
Slide 29: Thank You
Thank You 29 RESTRICTED