Reliance Industries Limited · NSE:RELIANCE

Reliance Industries — Q2 FY2018-19 Earnings Presentation

76 slides from Reliance Industries's earnings presentation, Oct 18, 2018

  1. Slide 1: Cover letter to stock exchanges

    October 18, 2018 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Plot No. C/1, G Block Mumbai 400 001 Bandra-Kurla Complex Bandra (East) Mumbai 400 051 Scrip Code: 500325 Trading Symbol: “RELIANCE” Dear Sirs, Sub : Presentation made to analy

  2. Slide 2: 2Q FY 2018-19 Financial Results

    2Q FY 2018-19 Financial Results 17 October 2018

  3. Slide 3: Forward Looking Statements

    Forward Looking Statements This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or

  4. Slide 4: Highlights for 2Q FY19

    Highlights for 2Q FY19 Energy & Materials businesses  Refining EBITDA at ₹ 6,094 crore, GRM of $ 9.5/bbl  Record Petrochemicals EBITDA at ₹ 9,477 crore, up 56.3% YoY  Record petrochemicals production at 9.4 MMT  Record Net profit of  Integrated development plan for KG D6 on track ₹ 9,516 crore,

  5. Slide 5: Consolidated Financial Results: 2Q FY19

    Consolidated Financial Results : 2Q FY19 % Change % Change  YoY Revenue growth led by 1Q FY19 (in ` Crore) 2Q FY19 2Q FY18 Y-o-Y Q-o-Q  High oil price (+44.5% YoY) 141,699 Revenue 156,291 101,169 54.5% 10.3%  Higher volume in petrochemicals YoY (9.4 MMT vs. 7.9 MMT) 21,083 Segment EBITDA 21,156 1

  6. Slide 6: Consolidated EBITDA: 2Q FY19 vs. 2QFY18

    Consolidated EBITDA: 2Q FY19 vs. 2QFY18  Volume growth and uptick in polyester chain 2,123 1,139 21,156 driving petrochemicals contribution 3,413 65 950 17,166 1,292  Challenging markets for crude and light distillate products impacted refining segment  Growing customer traction for Retail and Ji

  7. Slide 7: R & M Segment Performance

    R & M Segment Performance  GRM lower QoQ at $ 9.5 /bbl 12.0  High crude prices, soft gasoline, jet-kero cracks 10,000 10.5 12 9.5  Unplanned shutdown of FCCU 8,000 7,386 6,131 6,094 8  Weak AL-AH diff. QoQ $ 2.3/bbl vs $ 3.2/bbl 6,000 4,000  Earnings were supported by 4 2,000  Higher crude thr

  8. Slide 8: Petrochemicals Segment Performance

    Petrochemicals Segment Performance  Record EBITDA, up 56.3% YoY, 2.9% QoQ 22.9 12,000 21.7 24  Strong polyester chain deltas on QoQ led by PX (+45%), 21.7 9,211 9,477 20 PTA (+11%), POY (+13%) 9,000 16  Strong regional polyester demand with constrained 6,000 6,064 12 intermediates supply 8 3,000

  9. Slide 9: Oil & Gas Segment Performance

    Oil & Gas Segment Performance  Production decline in India and US impacted EBITDA 488 500 450 40 34.1  Domestic production 15.3 BCFe, down 14.5% QoQ 385 400 30  KG D6: Gas production 3.7 MMSCMD, Oil & 300 29.9 29.1 20 condensate production 1,651 BOPD 200 10  CBM production 0.94 MMSCMD 100 - 0 

  10. Slide 10: Retail Segment Performance

    Retail Segment Performance  Turnover at ₹ 32,436 crore, up 121% YoY, 25.3% QoQ 4.7 1,500 1,392 5  Revenue excl. Petro and Connectivity grew by 1,206 4.3 4 146.8% YoY 1,000 3.0 3  EBITDA at ₹ 1,392 crore up 3x YoY, 15.4% QoQ 2 500 442  Unprecedented reach across 5,800+ towns and cities 1 - 0  Nu

  11. Slide 11: Digital Services Segment Performance

    Digital Services Segment Performance (₹ crore) 2QFY18 1QFY19 2QFY19  Industry leading metrics underpinning scale & robustness Gross  252.3 million subscribers 7,197 9,567 10,901 Revenue  Gross adds of 41.7 million, net adds of 37 million Operating 6,147 8,109 9,240  7.7 bn GB data traffic; 11.0

  12. Slide 12: Refining & Marketing

    Q Reliance Industries Limited Refining & Marketing 11

  13. Slide 13: Performance Highlights

    Performance Highlights  Resilient performance - sustained $3.4/bbl premium over (₹ crore) 2QFY18 1QFY19 2QFY19 Singapore GRM Revenue 69,766 95,646 98,760  Maximized mid-distillate yields to benefit from strong cracks  Improved diesel recovery with modification to Vacuum unit GRM ($/bbl) 12.0 10.5

  14. Slide 14: Business Environment

    Business Environment  Brent averaged $75.3/bbl in 2Q FY19 up 1.2% QoQ, 44.5% YoY  Brent-WTI and Brent-Dubai spread narrowed during the quarter $/bbl Oil Prices  Production gains in Saudi Arabia, Russia, US, Iraq, Kuwait and 100 $/bbl Dated Brent Dubai UAE offset losses from Iran and Venezuela 2Q

  15. Slide 15: Global Refining Margins Environment

    Global Refining Margins Environment Global Refining Margins  Singapore GRMs marginally higher on QoQ basis 18  Strong fuel oil and LPG cracks offset weaker gasoline $/bbl 16.3 16 and jet fuel cracks 13.9 14 13.3 12.0  Stable gasoil and naphtha cracks supported margins 12 10.5 10 9.5  Europe marg

  16. Slide 16: Regional Business Environment: Middle Distillate Cracks

    Regional Business Environment Middle Distillate Cracks Middle distillate cracks remain supported 18 $/bbl 15.4  Steady Gasoil cracks despite lighter turnaround in Asia 15.3 15.3 15 14.6 14.5 13.2  Lower distillate inventory across regions amidst steady 12 supply indicative of demand momentum 9  E

  17. Slide 17: Regional Business Environment: Light Distillate Cracks

    Regional Business Environment Light Distillate Cracks Gasoline cracks moderated 18 $/bbl 16.1  Gasoline cracks down $0.60/bbl QoQ 16 14 12.1  Well supplied market due to capacity additions and 12 11.5 lower planned turnarounds 10 8  Steady demand growth in Asian economies and 6 unplanned outages

  18. Slide 18: Regional Business Environment: Fuel Oil and AL-AH diff

    Regional Business Environment Fuel Oil and AL- AH diff Fuel oil cracks strengthened seasonally 4  Summer demand from Middle East restricted arbitrage $/bbl 3.2 2.3 volumes flowing in to Asia 2 1.5  Cracks also gained from lower inventory in Asia 0  Towards the end of the quarter, cracks weakened

  19. Slide 19: Robust Domestic Fuel Demand Growth

    Robust Domestic Fuel Demand Growth Domestic Demand YoY RIL refinery product sales YoY MMT 25 2.8% 12.0 11.2 MMT 10.1 10.0 20 18.3 18.8 -4.3% 8.0 15 12.4 11.9 6.6% 6.0 4.8% 10 4.1 6.5 6.9 17.4% 4.0 3.2 9.7% -6.7% 5.9 6.2 2.7 2.4 5 3.0 3.6 1.8 2.0 2.0 1.0 1.1 0.9 0.9 - - MS HSD ATF Kerosene LPG Naphth

  20. Slide 20: Domestic Marketing – Retail

    Domestic Marketing – Retail  YoY Volume growth: 8% in gasoil and 21% in gasoline Retail Outlets  1,345 outlets maintaining highest per pump throughput in industry  Highest ever volume under the loyalty program, representing 32% of HSD sales  55% contribution of high volume customers Transconnect

  21. Slide 21: Domestic Marketing – Bulk and Other Businesses

    Domestic Marketing – Bulk and Other Businesses  Volume growth of 13% YoY; Market share improved to 7.8% Bulk HSD  Focus on into high potential State Transport Undertakings  Maintained priority position with railways; 22% growth in non-railway business  Volume growth of 29% YoY; Market share impr

  22. Slide 22: Strategic Advantage

    Strategic Advantage  Took advantage of market conditions by importing high octane components to add value to Responsiveness overall gasoline pool  ATF production optimized in view of negative regrade  Re-optimized crude slate taking advantage of arbitrage opportunities Flexibility  2 new value a

  23. Slide 23: R&M Business Outlook

    R&M Business Outlook  Global oil demand growth expected at 1.3 mb/d in 2018 and 1.4 mb/d in 2019  Refinery capacity addition estimated at 800 kb/d in 2018 and 1.5 mb/d in 2019  Increasing risk of reduced Iranian exports and limited spare capacity to keep crude price elevated in near term  Strong

  24. Slide 24: Petrochemicals: Polymers and Polyester

    Petrochemicals Polymers and Polyester 23

  25. Slide 25: Robust Financial and Operating Performance

    Robust Financial and Operating Performance  Robust operations of ROGC complex and deep refinery (₹ crore) 2QFY18 1QFY19 2QFY19 integration underpin RIL’s cost leadership Production 7.9 9.2 9.4  YoY 2Q FY19 volume growth: PE (+86%), MEG (+92%) (MMT)  Completed Nagothane ethane pipeline projects: R

  26. Slide 26: Business Environment 2Q FY19: Macro View

    Business Environment 2Q FY19: Macro View  Naphtha prices firmed up through 2Q, tracking strong crude and LPG prices  Naphtha up 3% QoQ and 46% YoY  Start-up of new gas based crackers in US driving ethane demand and a firm price environment  Pipeline and fractionation capacity constraints aggrava

  27. Slide 27: Global Ethylene Cash Cost

    Global Ethylene Cash Cost 1200 Q2 FY 2019 Q1 FY 2019 Q2 FY 2018 European and JKT Other Smaller Naphtha Crackers Crackers and MTO 1000 Asian Naphtha Crackers US Gas Q2 2019: Crude ~74.3 $/bbl Cash Cost ( $ / MT E+P) Crackers 800 Q1 2019: Crude 72.1 $/bbl Middle East Gas 600 Crackers Q2 2018 Crude 50.

  28. Slide 28: Polymers

    Q Reliance Industries Limited Polymers | 27

  29. Slide 29: Business Environment – Polymers

    Business Environment – Polymers  2Q FY19 domestic polymer demand up 7% YoY: Domestic Demand Growth (2Q FY19 Vs 2Q FY18)  Boost in infrastructure and cement industry 8% 8%  Efficient supply chain post implementation of e-way bill 7% 6% driving virgin polymer consumption 6%  Increasing disposable

  30. Slide 30: Polymers – Margins Soften Amidst Strong Feedstock Prices

    Polymers – Margins Soften Amidst Strong Feedstock Prices PP-Propylene HDPE-Naphtha PVC-Naphtha-EDC PP- Propylene 5 Year Avg HDPE-Naphtha 5 Year Avg PVC-Naphtha-EDC 5 Year Avg 800 800 298 669 300 285 640 602 600 557 600 539 216 494 200 400 400 $/MT $/MT $/MT 100 200 200 0 0 0 2Q FY18 1Q FY19 2Q FY19

  31. Slide 31: Polymers – Operating Performance

    Polymers – Operating Performance RIL Production Key Highlights  RIL Polymer production up 19% YoY Production (KT) 2Q FY18 1Q FY19 2Q FY19  State of art ROGC complex continues to aid volume PP 710 702 698 growth PE 279 530 520  Production largely steady QoQ amidst FCCU shutdown in Jamnagar PVC 191

  32. Slide 32: Business Outlook – Polymer Chain

    Business Outlook – Polymer Chain  Start up of two new 1.5 MMTPA crackers in US; two more expected in coming quarter  Incremental PE capacity of ~3 MMTA; expected to cater to global demand growth led by EMs  Trade conflicts between US and China causing structural shifts in global polymer trade flo

  33. Slide 33: Polyester Chain

    Q Reliance Industries Limited Polyester Chain | 32

  34. Slide 34: Business Environment: Polyester Chain

    Business Environment: Polyester Chain  PX witnessed strongest margins in 6 years  Tight markets due to planned/unplanned shutdowns  Operational glitches at new capacities  Tight markets and strong downstream demand supported PTA markets  Sector experienced highest margins since mid-2011  MEG m

  35. Slide 35: Sustained Recovery in Integrated Chain Margins Continues

    Sustained Recovery in Integrated Chain Margins Continues Integrated Polyester Margin  Firm crude supported overall sentiments along the polyester chain 1000 *Last 5 year Avg Margin 900  PX margins breached 6 year highs; QoQ growth +45% 800 700  Strong downstream demand, buoyant futures market and

  36. Slide 36: Fiber Intermediates Delta Scenario

    Fiber Intermediates Delta Scenario PX-Naphtha PTA-PX MEG-Naphtha PX-Naphtha 5 Year Avg PTA-PX 5 Year Avg MEG-Naphtha 5 Year Avg 500 487 250 800 208 400 343 336 200 187 600 572 531 $/MT $/MT 476 $/MT 300 150 132 400 200 100 200 100 50 0 0 0 2Q FY 18 1Q FY 19 2Q FY 19 2Q FY 18 1Q FY 19 2Q FY 19 2Q FY

  37. Slide 37: Polyester Delta Scenario

    Polyester Delta Scenario POY-PTA/MEG PSF-PTA/MEG PET-PTA/MEG POY-PTA/MEG 5 Year Avg PSF-PTA/MEG 5 Year Avg PET-PTA/MEG 5 Year Avg 320 300 400 294 282 320 300 204 300 $/MT 200 153 204 $/MT $/MT 200 144 200 144 100 100 100 0 0 0 2Q FY 18 1Q FY 19 2Q FY 19 2Q FY 18 1Q FY 19 2Q FY 19 2Q FY 18 1Q FY 19 2

  38. Slide 38: Polyester Chain – Operational Highlights

    Polyester Chain – Operational Highlights Production (KT) 2Q FY18 1Q FY19 2Q FY19 Production (KT) 2Q FY18 1Q FY19 2Q FY19 PX 918 909 1124 POY 271 277 279 PTA 1236 1164 1215 PSF 176 170 172 MEG 216 431 415 PET 267 291 289 TOTAL 2370 2504 2754 TOTAL 714 738 740  Fibre intermediates production surged 1

  39. Slide 39: Business Environment: Strong Demand Growth Continues

    Business Environment: Strong Demand Growth Continues Domestic Demand Growth  Polyester demand growth healthy by 14% YoY (2Q FY19 vs 2Q FY18)  PFY markets healthy owing to stocking and new downstream 22% applications 14%  PSF markets affected by cautious buying and global slowdown 7%  PET demand

  40. Slide 40: Business Outlook – Polyester Chain

    Business Outlook – Polyester Chain  Planned maintenance in PX and PTA during 3Q FY19 likely to support markets  Global polyester markets likely to remain cautious and influenced by feedstock trends  Seasonal Christmas and New Year demand in textile/beverage market in near term would be supportive

  41. Slide 41: R|Elan – Building Next Gen Fashion

    R|Elan – Building Next Gen Fashion B2B2C Strategy Hangtags Consistent Quality Fabric Certification R&D Organization Technical 35 PAN India Support best-in-class mills Fashion, Functionality, Sustainability R|Elan growing to serve the aspirational demanding customers 40

  42. Slide 42: R|Elan – For YOU

    R|Elan – For YOU 20+ Brands 7.5+ Lakh Garments 81K Facebook Users 12.5 K Instagram Followers 125+ Mn Online Impressions Strong social presence reaching out to consumers directly 41

  43. Slide 43: Oil & Gas Domestic Upstream

    Oil & Gas Domestic Upstream 42

  44. Slide 44: Domestic E&P - Production Update

    Domestic E&P - Production Update 2Q FY19 (JV Production) KG D6 Panna Mukta CBM Gas Production (Bcf) 11.27 11.13 3.04 Oil Production (mmbbl) 0.11 0.95 - Condensate Production (mmbbl) 0.02 - - Gas realization ($/mmbtu) 3.06 (GCV) 5.73 (NCV) 8.35(GCV) Oil realization ($/bbl) 71.65 73.38 - Note: RIL sha

  45. Slide 45: Project Updates

    Project Updates KGD6  R-Cluster Development on track:  Top hole drilling for 4 wells stands completed. Drilling and lower completion operation of first well commenced  1st campaign of installation of facilities scheduled to commence from 3Q FY 19  Satellite Cluster - All major orders have been c

  46. Slide 46: Oil & Gas Shale Gas

    Q Reliance Industries Limited Oil & Gas Shale Gas

  47. Slide 47: Price Environment: Natural Gas

    Price Environment: Natural Gas US NG Production Trends  Dry Gas production at 83.9 Bcf/d, up 5.3 Bcf/d from June’18 avg.  2Q FY19 avg. HH Gas prices at $2.90/MMBtu, +3.5% QoQ  Marcellus differentials to HH improved 7.0% QoQ at ($0.52)/MMBtu  Exports to Mexico increased 16% QoQ and averaged ~5.0

  48. Slide 48: Price Environment: WTI, NGL and HH

    Price Environment: WTI, NGL and HH WTI / NGL  QoQ WTI average up ~$1.6/bbl at $69.5/bbl  US production increasing, driven by Permian Basin expansion, but rate of growth has slowed due to infrastructure constraints  US oil production at 11.1 MMbbl/d up ~200 Kbpd QoQ  Forward curve increased QoQ o

  49. Slide 49: Business Performance Highlights

    Business Performance Highlights 2Q % Chg vs. % Chg vs. 1Q FY19 2Q FY18 1H FY19 1H FY18 FY19 2Q FY18 1H FY18 Production (Bcfe) 21.2 23.8 33.5 -37% 45.0 68.2 -34% Revenues ($ MM) 81 86 80 1% 167 174 -3% EBITDA ($ MM) 13 19 13 0% 32 37 -14%  Blended realization almost at 1QFY19 levels  YoY, realizati

  50. Slide 50: Reliance Retail

    Q Reliance Industries Limited Reliance Retail 49

  51. Slide 51: Reliance Retail

    Q Reliance Industries Limited

  52. Slide 52: Our Scale

    Our Scale 5,800+ 9,100+ Cities Present Points of Presence 19.5 8.0 Million sq.ft. of warehousing Million sq.ft. of retail space space 673 50+ Stores added during the quarter Million loyal customers Amongst the fastest growing retailer in the world 51

  53. Slide 53: Birds' Eye View of Reliance Retail's 2Q FY19 Performance

    Birds’ Eye View of Reliance Retail’s 2Q FY19 Performance 137 million 76 million 3 million Footfalls across all stores; Web visits on AJIO; AJIO app downloads; growth of 33% Y-o-Y growth of 101% Y-o-Y growth of 43% Y-o-Y 1 million 1.25 Lakh 328 million Toys sold at Hamleys; Laptops sold; Litres of Di

  54. Slide 54: Key Performance Highlights

    Key Performance Highlights All Figures in Rs Crore % Change wrt % Change wrt 2QFY18 Metric 2QFY19 1QFY19 1QFY19 2QFY18 14,646 Segment Revenue 32,436 25,890 25.3% 121.5% 444 EBITDA 1,392 1,206 15.4% 213.5% 3.0% EBITDA Margin % 4.3% 4.7%  Revenue doubled and PBDIT tripled Y-o-Y, Double digit growth a

  55. Slide 55: Contribution from Consumption Baskets

    Contribution from Consumption Baskets Revenue Mix – 2Q FY19 Revenue Mix – 1Q FY19 9% 12% 17% 19% 34% 33% 33% 27% Grocery Consumer Electronics 7% 9% Fashion & Lifestyle Connectivity Petro Retail 54

  56. Slide 56: Reliance Retail Store Network

    Reliance Retail Store Network Store Presence as on Sep 30, 2018 Reliance Retail Store Count by Region* Sep 30, Mar 31, 2018 2018 North 2,126 1,740 South 2,478 2,130 East 2,062 1,635 West 2,480 2,068 Total 9,146 7,573 Unprecedented reach across 5,800+ cities *Does not include Petro Outlets 55

  57. Slide 57: Performance Highlights – Fashion & Lifestyle

    Performance Highlights – Fashion & Lifestyle  Trends is the largest and fastest growing fashion retail chain in India  Crossed 500 store mark during the quarter; Now operates 509 Trends and Trends extension stores across 245 cities  Implementation of omni-channel initiatives underway  Over 100 T

  58. Slide 58: Performance Highlights – Consumer Electronics

    Performance Highlights – Consumer Electronics  Store network continues to grow rapidly during the quarter  Added 17 Digital stores and 535 Jio Points  Strong customer demand during the quarter driven by  wider coverage and effective marketing communication  promos & finance options with low cos

  59. Slide 59: Performance Highlights - Grocery

    Performance Highlights - Grocery  Grocery category witnessed strong growth backed by new store expansion and volume growth in existing stores:  Robust growth across Staples, Home & Personal Care and general merchandise categories  15 SMART Stores were launched during the quarter; Now operate 117

  60. Slide 60: Performance Highlights - Petro Retail Owned Outlets

    Performance Highlights - Petro Retail Owned Outlets  512 owned retail outlets operational as of Sep 30, 2018  Recommissioned 10 outlets during the quarter  Witnessed healthy volume growth across petroleum products  Petro Retail received awards for excellence:  Won the prestigious FIPI (Federati

  61. Slide 61: Reliance Jio

    Q Reliance Industries Limited Reliance Jio 60

  62. Slide 62: Highlights

    Highlights Industry leading metrics underlining the scale & robustness 252.3 million 41.7 million 7.7bn GB 11.0 GB Data Traffic in Q2 Per Capita Monthly Data usage Subscribers Gross adds in Q2 Up 2x over past one year 10.6 GB in previous quarter 4.1bn hours 72% 5.8bn mins 761 mins Video consumption

  63. Slide 63: Strong Customer Uptake

    Strong Customer Uptake Jio’s mission is to connect everyone and everything, everywhere – always at the highest quality and the most affordable price 252.3 Subscriber addition has been million accelerating led by strong focus on 37 Improving Coverage offering best value to the customer 29 27 Best in

  64. Slide 64: Largest Data Network grows LARGER

    Largest Data Network grows LARGER Live-TV & VoD Music 2X Multi-media content Per Capita data consumption catapulting to 11GBs / month, Social Media up 14% YoY on a base of 250m+ subscribers E-Commerce Best in class network and affordable data drives consumption 63

  65. Slide 65: World's Largest VoLTE Operator

    World’s Largest VoLTE Operator Transformation of the Global Voice Industry Scaling up with improved experience 700 0.7% > 40% share of global VoLTE subscribers 600 0.6% Jio VOLTE (crore minutes/day) 500 0.5% Call drop rate (%) 7.8x VoLTE traffic in 2-years 400 0.4% 300 0.3% Lowest call drop rate & i

  66. Slide 66: Next Generation Network

    Next Generation Network All IP Network with largest fibre optic backhaul Average download speed (in Mbps) 20.6 Carrier aggregation across network for better coverage and capacity Highest traffic per eNodeB globally 9.4 Small Cells for improved indoor coverage 6.5 6.4 Deployment of next-gen solutions

  67. Slide 67: Financial Performance

    Financial Performance Gross Revenue * Operating Revenue +52% YoY 10,901 +50% YoY 9,240 9,567 8,109 +14% QoQ +14% QoQ 7,197 6,147 Q2'FY18 Q1'FY19 Q2'FY19 Q2'FY18 Q1'FY19 Q2'FY19 EBITDA Net Profit +148% YoY 3,573 EBITDA 3,147 Margin: 612 681 38.7% +11% QoQ +14% QoQ 1,443 (271) Q2'FY18 Q1'FY19 Q2'FY19

  68. Slide 68: Building the digital ecosystem

    Building the digital ecosystem  Strengthening the KaiOS app-store with popular social media apps  Expanding Content Library with focused investment  Interactive best-in class Sports  Digital rights for Movies  KBC & Jio Cricket Play Along  Jio-Disney partnership  Monsoon Hungama  Voice BOT w

  69. Slide 69: JioGigaFiber

    JioGigaFiber Widest Reach Anytime Future Ready Network Closer to Customer Digital Platforms Anywhere • Copper and coaxial last mile • Negligible direct Current • Limited to Major • Largely people dependent • Limited bandwidth presence in locations Scenario Cities (<100) and inconsistent • Less cachi

  70. Slide 70: Jio Apps catering to multiple customer segments

    Jio Apps catering to multiple customer segments Full service app with MACD  Prepaid Postpaid India’s no. 1 magazine app; Unparalleled content payments, Voucher, Loyalty, Troubleshooting,  800+ magazines from 50 publishers My Jio Virtual Assistant Extensive content from thousands of sources; Daily

  71. Slide 71: Awards and Recognitions

    Awards and Recognitions  1st Rank in The Fortune Change the World 2018 Top10 list  Champions of Rural Market – Economic Times  Best Integrated Branded Content for Jio KBC – ICMA  India’s Most Influential Brands - IPSOS Focus on transformation to stay ahead of global best standards 70

  72. Slide 72: Strategic Investment

    Q Reliance Strategic Investment Industries Limited

  73. Slide 73: Background

    Background  RIL today announced strategic investment in and partnership with Den Networks Limited (“Den”) and Hathway Cable and Datacom Limited (“Hathway”)  RIL will subscribe to fresh equity shares (preferential issue under SEBI Regulations) in each company  Primary investment of Rs 2,045 crore

  74. Slide 74: Win-Win Relationship for all Stakeholders

    Win-Win Relationship for all Stakeholders  Strong partner (Jio) to enable investment in  Access to affordable broadband and broadband and new revenue streams Smart Home Solutions based on latest  Access to latest business platforms from Jio technology and superior infrastructure 27,000+ - improve

  75. Slide 75: Transaction Summary

    Transaction Summary Note: Existing promoters will continue to be promoters until reclassified in accordance with SEBI Regulations  In addition, open offer would be made for the following entities:  Hathway  Den  GTPL  Hathway Bhawani Initial outlay of Rs 5,230 crore; additional investment for o

  76. Slide 76: Thank you

    Q Industries Limited Thank you

Reliance Industries — Q2 FY2018-19 Earnings Presentation on 6ix