Hindustan Oil Exploration Co., Ltd. · NSE:HINDOILEXP
Hindustan Oil Exploration — Q4 FY23 Earnings Presentation
20 slides from Hindustan Oil Exploration's earnings presentation, May 27, 2023
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 May 27, 2023 By Online The Listing Department Th
Slide 2: Earnings Presentation Q4-FY23/FY23
Hindustan Oil Exploration Company Limited EARNINGS PRESENTATION | Q4-FY23/FY23 MAY 2023
Slide 3: 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 4: 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 Growth strategy Growing responsibly Discovered Resources • Focus on discovered oil and • Build on Offshore Operating • Create long-term stakeholder gas resources
Slide 5: Q4-FY23/FY23 Operational Highlights
Q4 –FY23/FY23 Operational Highlights 4
Slide 6: Q4-FY23 Operational Highlights
Q4-FY23 Operational Highlights Gross Production (BOEPD) Net Production (BOEPD) Q4 FY23: 10,545 Q4 FY23: 4,073 FY22-23: 10101* FY22-23: 3759* FY21-22: 7895 FY 21-22: 2441 Dirok • Q4 average production: Gas: 30 mmscfd & Condensate: 577 bopd • Premium sales during Q4 FY 2022-23 constitute about 25% of
Slide 7: B-80 Operations Update
B-80 Operations Update • Both oil (D1) and gas (D2) wells are on continuous production. • HP separator repaired , tested and commissioned • Produced oil is being transported and stored at the Floating Storage and Offloading (FSO)- tradable parcel size is now ready for shipment • Fresh Crude Assay is
Slide 8: 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, March 2021 separating and processing well fluids • Hot-Tap of existing ONGC WO-16 April 2021 Pipeline; Subs
Slide 9: Dirok: Production & Phase-II development
Dirok: Production & Phase-II development Field Layout 30 mmscfd 506 bopd > 15% Gas Production Condensate Production Assam Gas (Q4-FY23) (Q4-FY23) Production • Premium Sales during Q4 FY 23 constitute about 25% of the total Dirok sales. • Central PSU Indradhanush Gas Grid Limited (IGGL) is expected t
Slide 10: PY-1: Enhancing Production and Offtake Arrangements
PY-1: Enhancing Production and Offtake Arrangements USD 3.67 55 mmscfd 56 km Realised Price per Processing Sub sea MMBTU Capacity pipeline Cauvery • Production Sharing Contract (PSC) for PY-1 block stands extended to October 5, 2030. • Only offshore platform in Cauvery Basin with 8 slots and four we
Slide 11: Kharsang: Phase I Development Plan
Kharsang: Phase I Development Plan 424 boepd 18 Oil Production 30% Number of Direct + Indirect PI Wells to be drilled in (Q4-FY23) near future Field Overview • HOEC acquired entire share capital of M/s Geopetrol International Inc in 2018 which has 30% stake - Direct and Indirect in Kharsang Oil fiel
Slide 12: Cambay: Developments
Cambay: Developments 73 boepd 0.343 mmscfd Asjol, North Oil Production Total Gas Production Balol and Palej Cambay Cambay (Q4-FY23) (Q4-FY23) Marginal fields at Cambay Approved FDP to be executed over the next two years: Gujarat • Asjol: 2 development wells & hook-up to EPS; public hearing completed
Slide 13: Q4/12M-FY23 Financial Highlights
Q4/12M-FY23 Financial Highlights 12
Slide 14: Standalone Statement of Profit or Loss
Standalone Statement of Profit or Loss PARTICULARS (INR Cr) Q4-FY23 Q3-FY23 FY23 FY22 INCOME Revenue from operations 141.63 101.34 381.05 130.51 Other income 9.07 5.03 27.91 16.80 Total revenue 150.70 106.37 408.96 147.31 EXPENSES Expenses from producing oil and gas blocks 39.88 60.34 169.52 22.25 R
Slide 15: Standalone Statement of Assets & Liabilities
Standalone Statement of Assets & Liabilities PARTICULARS (INR Cr) FY23 FY22 FY21 PARTICULARS (INR Cr) FY23 FY22 FY21 ASSETS EQUITY AND LIABILITIES Non-Current Asset 960.74 990.03 704.41 Equity 929.66 765.97 730.18 (a) Property, Plant and Equipment (i) Oil & gas assets 781.39 275.86 288.59 (a) Equity
Slide 16: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss PARTICULARS (INR Cr) Q4-FY23 Q3-FY23 FY23 FY22 INCOME Revenue from operations 175.09 169.83 558.92 155.73 Other income 4.23 1.73 8.80 11.46 Total revenue 179.32 171.56 567.72 167.19 EXPENSES Expenses from producing oil and gas blocks 42.25 61.82 176.49 28.23
Slide 17: Consolidated Statement of Assets & Liabilities
Consolidated Statement of Assets & Liabilities PARTICULARS (INR Cr) FY23 FY22 FY21 PARTICULARS (INR Cr) FY23 FY22 FY21 ASSETS EQUITY AND LIABILITIES Non-Current Asset 1,381.51 1,387.44 958.41 Equity 947.21 753.12 733.17 (a) Property, Plant and Equipment (a) Equity share capital 132.26 132.26 132.26
Slide 18: Capital Market Data
Capital Market Data 1 Year share price movement (As on 31st March 2023) Marquee Investors % Holding 20% 10% Housing Development Finance 6.40% 0% Corporation Ltd (HDFC) -10% -20% Kotak Small Cap Fund 1.62% -30% -40% -50% Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar
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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