Bharat Petroleum Corporation Limited · NSE:BPCL
Bharat Petroleum — Investor Presentation (March 2022)
32 slides from Bharat Petroleum's investor presentation, March 2022
Slide 1: Bharat Petroleum Corporation Limited Investor Presentation
Bharat Petroleum Corporation Limited Investor Presentation March 2022 1
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 2 3 Corporate Overview Business Overview Industry Overview Page 4 Page 9 Page 29 3
Slide 4: 1. Corporate Overview
1. Corporate Overview 4
Slide 5: Introduction
Introduction India’s 2nd largest Oil Marketing Company (OMC) with standalone domestic sales volume of 394 Ranking on Fortune 500- 2021 global list 2nd over 42.51 MMT and Market share of 25% during FY22 India’s 3rd largest in terms of Refining Rank on Platt’s Top 250 Global Energy 3rd 114 Capacity (1
Slide 6: BPCL Year Key Physical Indicators
BPCL 5 Year Key Physical Indicators REFINING CAPACITY MARKET SALES (MMT) Market Capitalization (MMT) (INR billion) 38.30 38.30 38.30 927.25 928.33 43.07 43.10 833.65 42.51 779.52 685.05 41.21 36.50 35.30 38.74 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Market Capitali
Slide 7: BPCL Evolution: Journey of last 15 years
BPCL Evolution Journey of last 15 years CONSOLIDATED REVENUE PAT* (₹ Cr) Maharatna Petrochemcial Project (PDPP), 2017 NRL disinvested, BORL becomes 2022 100% Subsidiary 432570 12084 BORL expansion to 7.8 MMTPA 2021 304274 16045 Kochi Refinery Expansion (IREP) Commissioned 2020 329797 4254 Upstream I
Slide 8: Major Subsidiaries, JVs & Associates
Major Major Subsidiaries, Subsidiaries, JVs & JVs & Associates Associates Subsidiaries Joint Ventures & Associates City Gas Aviation Trading Activities & Upstream Refining Pipelines LNG Fintech Refining Distribution Services Others 100.00% 100.00% 50.00% 22.50% 50.00% 50.00% 12.50% 20.89% 25.00% Koc
Slide 9: 2. Business Overview
2. Business Overview 9
Slide 10: Asset Portfolio
Asset Portfolio Refining Upstream 6 Countries 19 Blocks +15 Global Partners Upstream Russia, Brazil, Mozambique, UAE, Along with Equity Stake inTotal, ENI, ONGC, Rosneft, Mitsui, OIL, Presence BP, ADNOC, Petrobras etc. E&P Indonesia, India 2 Russian Entities Midstream & Downstream Refining 3 Refiner
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 •26.23% market •26.95% market •Currently 8,000+ •21.00% market •24.58% market •55+ major LNG 35.3 MMTPA share1 share1 customers share1 in ATF
Slide 12: Refining Coverage
Refining Coverage Installed Capacity Refining Throughput Refining Capacity 45.00 BORL 100% Mktg 40.00 36.76* 38.29* 36.90* rights for NRL Mumbai – 12 34.70* 4.00 35.00 31.25* 2.85 32.98* MMTPA 3.35 2.90 2.38 6.83 30.00 2.81 3.92 3.18 2.68 2.66 25.00 15.14 14.78 14.49 14.29 Kochi – 15.5 20.00 13.60 1
Slide 13: Mumbai Refinery- MR
Mumbai Refinery- MR ▪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 • 12 MMTPA Capa
Slide 14: Kochi Refinery- KR
Kochi Refinery- KR ▪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 • 15.5 MMTPA Capacity co
Slide 15: BORL
BORL ▪Bharat Oman Refineries Limited (BORL) – 7.8 MMT Refining capacity at BINA ▪State of art technologies - High Nelson Complexity Index 11.76 ▪Associated Facilities – SPM, Crude Oil Terminal, 937-km cross country crude oil pipeline from Vadinar to Bina (VBPL) • API Range: 28 to 60 • Hydrocracker ▪
Slide 16: Marketing Operations and Efficiencies
Marketing Operations and Efficiencies LPG Bottling Capacity (TMTPA) SBU Market Sales (MMT) 6000 4950 5000 4590 4890 45.00 41.21 43.07 43.10 38.74 42.51 3957 4212 4000 3687 40.00 3000 35.00 2000 30.00 27.30 26.97 26.40 1000 26.60 24.19 25.00 0 FY17 FY18 FY19 FY20 FY21 FY22 20.00 15.00 0.32 0.24 0.30
Slide 17: Strategic Pipelines Network
Strategic Pipelines Network • 3534 km long pipeline infrastructure (2597km- product + 937 km Crude Oil pipelines) with 30.8 MMT capacity (23MMT- Product + 7.8 Crude) • Most optimized and efficient pipelines network with highest pipeline utilization in the PSUs • Additionally, 100% access to Numaliga
Slide 18: Recent Projects
Recent Projects Kochi Refinery – MS Block Project for BS VI grade gasoline and Maximization of Naptha to Retail Infrastructure: Coastal terminal gasoline (₹ 32.89 Bn) at Krishnapatnam and Jammu (Commissioned) Installation (₹ 12.57 Bn) Augmentation of LPG Cryogenic Facilities at Uran (₹ 12.31 Bn) Bin
Slide 19: Upcoming Projects
Upcoming Projects Investments in Mozambique – FID sanctioned. Project Financing agreement UPSTREAM signed. BPCL has been awarded 8 GAs in 11th and 11th A round of bidding INVESTMENTS IN GAS Expansion of marketing infrastructure across all business MARKETING INFRASTRUCTURE verticals PETROCHEMICALS Pe
Slide 20: CAPEX Strategy
CAPEX Strategy BPCL Evolution 110.64 118.60 100 140.00 120.00 5.29 27.10 100.00 6.00 4.85 11.50 7.95 INR Billion 7.50 80.00 11.25 13.80 48.65 60.00 52.57 40.00 61.78 20.00 39.20 20.83 10.97 - Actual - FY21 Actual - FY22 Budgeted - FY23 Refineries & Petrochemicals Marketing Investments in Exploration
Slide 21: Financial Performance
Financial Performance NET WORTH (INR Billion) PROFIT AFTER TAX (INR Billion) CAPITAL EMPLOYED (INR Billion) 190.42 600 545 900 545.45 773 778 497 800 496.70 500 744 700 648 400 580 367 600 341 332 367.38 500 332.14 300 400 87.89 200 300 71.32 200 100 100 26.83 - 0 FY18 FY19 FY20 FY21 FY22 Networth C
Slide 22: BPCL R&D Innovative Solutions
BPCL R&D Innovative Solutions 130 Operational Excellence • Crude oil evaluation • Advanced analytical support Patents • Modeling & Simulation • Optimal catalyst selection • Corrosion & fouling • Solar Energy 65 Cost efficient and • K Model • Ecochem: ethanol corrosion inhibitor 70 Innovative Product
Slide 23: Gas Business
Gas Business • Bagged 8 GAs in 11th and Supply 11th A Round • LNG supply security: 2022 • Long term tie ups of 0.85 MMTPA valid till 2028 at Dahej • 0.56 MMTPA valid till 2036 at Kochi • 2 more GAs rewarded in FY19 • 1 MMTPA LNG tied up from Mozambique starting 2024 for in the 10th Round 15 years. •
Slide 24: BPRL's Upstream Story over the years
BPRL’s Upstream BPCL Evolution Story over the years… Story over the years……. 2019 2018 2017 2016 Overseas Onshore 2013 Operatorship Entry in Lower – Abu Dhabi Declaration of Zakum 2012 Commerciality Russian approved in Acquisition Operatorship 2010 Schedule B block Lead operator 2009 Shale gas entry
Slide 25: Upstream - Global Spread
Upstream - Global Spread 2 TYNGD Russia 2 Vankorneft 4 Cauvery Basin* 1 Rajasthan Basin India 3 Cambay Basin** 2 Assam-Arakan Production Development Indonesia 1 Nunukan Exploration / Appraisal 1 Lower Zakum ▪ 2.5 MMToE eqv. production UAE 1 Onshore 1 ▪ Presence in 4 continents, 6 countries Mozambiqu
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 BPCL Other BPCL Other BPCL Block Operator Block Operator Block Operator Partners Stake Partners Stake Partners Stake NELP—IV BM-SEAL-11 Petrobras 20.
Slide 27: Strategic Aspirations 2022-27
Strategic Aspirations 2022-27 ~2.8 MMT Petchem 1 GW Green Energy Digital Transformation More than Tripling improving customer ease Capacity generation for Capacity(Solar) up from petchem products footprint in GAS up from of living; operational present 43 MW 2.1 to 7.5 MMTPA. efficiencies & competiti
Slide 28: Awards & Recognition
Awards & Recognition Among top 20 Global Oil and Gas refining and marketing Cos ▪BS VI & IMO Compliant Refinery Oil Marketing - Company of the Year 2019 ▪Flexibility to process low & high sulphur Crude Sustainability Award for the Best Green Product Petrochemical sector 2019 ▪Consistently, refining
Slide 29: 3. Industry Overview
3. Industry Overview 29
Slide 30: India – Attractive Industry Dynamics
India – Attractive BPCL Evolution Industry Dynamics Significant potential for domestic O&G companies given low per-capita oil consumption Oil: Consumption in thousands Indian Oil Demand of barrels per day* Million Tonnes 1332 28.3 Singapore 1401 FY 22 76.7 30.9 14225 China 14005 27.6 FY 21 72.7 890
Slide 31: Indian Oil Industry: Positive Policy actions
Indian Oil Industry BPCL Evolution Positive Policy actions • Petrol Prices De-regulated completely • Gasoil (Retail) – Deregulation announced effective 19th October 2014 • Gasoil – Bulk sales completely deregulated since January 2013 • Restricted supply/Targeted subsidies for cooking fuel products •
Slide 32: Thank You
BPCL Evolution Thank You 32
Bharat Petroleum — Investor Presentation (March 2022) on 6ix