Hindustan Oil Exploration Co., Ltd. · NSE:HINDOILEXP
Hindustan Oil Exploration — Q3 FY22 Earnings Presentation
20 slides from Hindustan Oil Exploration's earnings presentation, Feb 14, 2022
Slide 1: Cover letter to stock exchanges
Hindustan Oil Exploration Company Limited ‘Lakshmi Chambers’, 192, St. Mary’s Road, Alwarpet, Chennai - 600 018. INDIA. : 91 (044) 66229000 ● Fax: 91 (044) 66229011 / 66229012 E-mail: contact@hoec.com ● Website: www.hoec.com CIN: L11100GJ1996PLC029880 February 14, 2022 By Online The Listing Departme
Slide 2: Earnings Presentation Q3-FY22
Hindustan Oil Exploration Company Limited EARNINGS PRESENTATION | Q3-FY22
Slide 3: HOEC – On the Cusp of Transformation
HOEC – On the Cusp of Transformation Right Resources Right Strategy Right Environment • Established player with • Short cycle projects with • Next level of revenue and proven track record immediate production uptick cashflow generation from project delivery • Experienced and focused • Cost effective
Slide 4: Tailored Asset Portfolio with Broad Geographical Presence
Tailored Asset Portfolio with Broad Geographical Presence Onshore Offshore Onshore Offshore Onshore Oil Well Oil Well Gas Gas Exploration • India Focused Asset Portfolio tailored to deliver our strategy of rapid development of discovered resources • Strong offshore presence with anchor assets on bot
Slide 5: Focused Strategy for Value Generation
Focused Strategy for Value Generation Uniquely placed with right organization and right asset portfolio to deliver superior value Focus on Low cost operating Light Asset Model Growing responsibly Growth strategy Discovered Resources model • Focus on discovered • Follow Light-Asset • Follow a low-cos
Slide 6: Q3-FY22 Operational Highlights
Q3-FY22 Operational Highlights 5
Slide 7: Q3-FY22 Operational Highlights
Q3-FY22 Operational Highlights Gross Production Net Production Gross Production Gross Production (BOEPD) (BOEPD) - PY-1 (BOEPD) - Dirok (BOEPD) Q3 FY22: 7,684 Q3 FY22: 2,364 Q3 FY22: 14 Q3 FY22: 7,023 Q2 FY22 : 9,622 Q2 FY22 : 2,964 Q2 FY22 : 14 Q2 FY22 : 8,918 Dirok • Planned maintenance shutdown c
Slide 8: B-80 Project – On Going Activities
B-80 Project – On Going Activities KGB - Offshore Installation (OI) Gas e-Auction • KGB modification engineering works • Engaged M/s MSTC for eBidding – NIT issued on 27th Jan 2022 to install new export pumps and • Pre-bid Meeting for the eBidding held on 4th Feb 2022 shutdown valves is ongoing Comm
Slide 9: B-80 – Offshore Installation Works Completed in this weather window
B-80 – Offshore Installation Works Completed in this weather window • SPM – Calm Buoy Installation - Marine spread with diving support mobilized - Anchor Chains (6 nos.) located, picked up and re-tensioned - Calm Buoy installation completed & tested • Gas Lateral Line – 6” Ball Valve Actuator Instal
Slide 10: B-80: Key Milestones
B-80: Key Milestones • FDP Approved Dec 2017 • Drilling & completion – 2 subsea development wells April 2020 KGB- Offshore Installation at B-80 Site • Offshore Installation(OI) for collecting, separating and processing March 2021 well fluids • Hot-Tap of existing ONGC WO-16 Pipeline; Subsea producti
Slide 11: Dirok: E-auction for Dirok Gas - Updates
Dirok: E-auction for Dirok Gas - Updates Pipeline envisaged as part of NE gas grid Existing DNPL pipeline Margherita Gas pipeline to be laid by Dirok JV HIGHLIGHTS of E-Auction – June 2021 Current Status on E-Auction • Quantity on Offer: 1.25 mmscmd • 6 out of 8 Premium Gas Sales Agreements are sign
Slide 12: Cambay: Key highlights of Q3 FY 2021-22
Cambay: Key highlights of Q3 FY 2021-22 • Asjol: 2 development wells & hook-up to EPS Approved FDP to • North Balol: 2 development wells & hook-up to GCS be executed over next Two years • Palej: RFPSC (100 sq.km. 3D seismic & 2 exploration wells – pending MOPNG execution of the PSC amendment) Public
Slide 13: Q3-FY22 Financial Highlights
Q3-FY22 Financial Highlights 12
Slide 14: Standalone Statement of Profit or Loss
Standalone Statement of Profit or Loss PARTICULARS (INR Cr) Q3-FY22 Q2-FY22 FY21 FY20 INCOME Revenue from operations 36.24 31.05 99.44 179.84 Other income 1.95 6.19 11.82 21.58 Total revenue 38.19 37.24 111.26 201.42 EXPENSES Expenses from producing oil and gas blocks 5.81 5.40 22.96 26.00 Royalty,
Slide 15: Standalone Statement of Assets & Liabilities
Standalone Statement of Assets & Liabilities PARTICULARS (INR Cr) H1-FY22 FY21 FY20 PARTICULARS (INR Cr) H1-FY22 FY21 FY20 ASSETS EQUITY AND LIABILITIES Non-Current Asset 806.01 704.41 584.44 Equity 759.32 730.18 665.08 (a) Property, Plant and Equipment (i) Oil & gas assets 281.17 288.59 305.04 (a)
Slide 16: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss PARTICULARS (INR Cr) Q3-FY22 Q2-FY22 FY21 FY20 INCOME Revenue from operations 43.94 39.10 113.86 202.05 Other income 2.70 6.03 11.32 21.76 Total revenue 46.64 45.13 125.18 223.81 EXPENSES Expenses from producing oil and gas blocks 7.28 6.82 29.54 35.34 Royalt
Slide 17: Consolidated Statement of Assets & Liabilities
Consolidated Statement of Assets & Liabilities PARTICULARS (INR Cr) H1-FY22 FY21 FY20 PARTICULARS (INR Cr) H1-FY22 FY21 FY20 ASSETS EQUITY AND LIABILITIES Non-Current Asset 1129.85 958.41 769.13 Equity 761.25 733.17 679.71 (a) Property, Plant and Equipment (a) Equity share capital 132.26 132.26 132.
Slide 18: Capital Market Data
Capital Market Data 170% HOEC S&P BSE Oil & Gas Index Price Data (31st December, 2021) 150% 130% CMP (INR) 182.1 110% 52 Week H/L (INR) 222.1/78.4 90% 70% Avg. Net Turnover (INR Mn) 171.9 50% 30% Market Cap (INR Mn) 24,073.6 10% Equity Shares Outstanding (Mn) 132.2 -10% Jan-21 Feb-21 Mar-21 Apr-21 M
Slide 19: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 20: Thank You
THANK YOU 19
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