Reliance Industries Limited · NSE:RELIANCE
Reliance Industries — Q4 FY2021 Earnings Presentation
75 slides from Reliance Industries's earnings presentation, Apr 30, 2021
Slide 1: Filing cover letter to stock exchanges
April 30, 2021 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block Dalal Street Bandra-Kurla Complex, Mumbai 400 001 Bandra (East) Mumbai 400 051 Scrip Code: 500325 / 890147 Trading Symbol: RELIANCE / RELIANCEPP Dear Sirs, Sub: Present
Slide 2: Reliance Industries: Growth is Life
Reliance Industries Growth is Life 30 April 2021
Slide 3: Forward Looking Statement
Forward Looking Statement 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
Slide 4: Reliance Foundation
Reliance Foundation
Slide 5: COVID-19 Relief: Strengthening India's Health Infrastructure
COVID-19 Relief Strengthening India’s Health Infrastructure 2021 2020 • Setting up and managing 1875 beds: • 875 beds for COVID patients in Mumbai: Donations a) RFH to operate 650-bed COVID care at Rs. 556 Crores to NSCI including 100 New ICU beds, free PM-CARES and state relief funds of cost b) Man
Slide 6: COVID-19 Relief: Prevention, Food Relief, Community Initiatives
COVID-19 Relief Prevention and Awareness Food Relief and Nutrition Security Community Initiatives Mission COVID SURAKSHA MISSION ANNASEVA – Largest Meal • 7.8K+ individuals supported with Safety awareness and mask usage Programme by a Corporate Foundation advisories on Govt. schemes, skilling, socia
Slide 7: Strengthening India's Health Infrastructure
Strengthening India’s Health Infrastructure Photo (Above): Team of doctors in COVID facility at Photo (Above): Containers carrying Photo (Above): COVID Facility at Seven Hills Hospital, Mumbai Sir. H.N Hospital, Mumbai Oxygen supply for COVID patients Photo (Above): Free Fuel supply at Reliance Phot
Slide 8: RF Mission COVID Suraksha
RF Mission COVID Suraksha Mission Covid Suraksha Mask Mission Covid Suraksha Awareness Material Veterinary staffs (State Dept.) Bharuch, Guj. Milk Producers in Sabarkantha, Guj. ASHAs, ANMs & health staffs in Bhandara, Mah. Reliance petrol pump in Bhagalpur, Bihar 7
Slide 9: Mission Anna Seva
Mission Anna Seva Photo (Above and Below): Retail warehouse Photo (Above and Below): Dry Ration Kit Photo (Above and Below): Dry Ration Kits and providing support on distribution of Dry Ration Kits distribution in Ratnagiri and Raigad cooked meals distribution in Gujarat 8
Slide 10: Mission Anna Seva
Mission Anna Seva Additional 2 CRORE MEALS 27+ Lacs Beneficiaries Daily Wagers, Truck Drivers, Auto & being distributed in third phase Cab Drivers, Police Personnel, Artisans & traditional livelihood practitioners, Migrant Labourers etc. 5.5+ CRORE MEALS Distributed till date 80+ Partners 18 STATES
Slide 11: Consolidated Financial Results 4Q FY21
Consolidated Financial Results 4Q FY21 10
Slide 12: Consolidated Financial Results: 4Q FY21
Consolidated Financial Results : 4Q FY21 Change Change ➢ QoQ revenue growth led by O2C segment (+20.6%) (₹ crore) 4Q FY21 3Q FY21 QoQ 4Q FY20 YoY ▪ Higher volumes and sharp increase in feedstock Revenue 1,72,095 1,37,829 24.9% 1,51,461 13.6% and product prices EBITDA 26,602 26,094 1.9% 25,886 2.8% F
Slide 13: Consolidated EBITDA: 4Q FY21
Consolidated EBITDA : 4Q FY21 Change Change ➢ QoQ sharp recovery in O2C EBITDA (₹ crore) 4Q FY21 3Q FY21 QoQ 4Q FY20 YoY ▪ Sustained demand, higher volumes and margins O2C 11,407 9,756 16.9% 11,961 -4.6% ➢ Retail business EBITDA growth led by revival in Consumer 12,568 12,044 4.4% 9,402 33.7% store
Slide 14: Digital Services – 4Q FY21 – Strong Customer Traction
Digital Services – 4Q FY21 – Strong Customer Traction ➢ Jio exits FY21 with customer base of 426.2 million ▪ Healthy gross addition of 31.2 million and net addition of 15.4 million during 4Q FY21 ➢ ARPU of ₹ 138 as industry transitions towards Bill & Keep regime effective 1st Jan 2021 ➢ 4Q FY21 JPL
Slide 15: Retail – 4Q FY21 – Sustained Recovery Across Formats
Retail – 4Q FY21 – Sustained Recovery Across Formats ➢ Record quarterly revenues despite operating challenges ▪ Fashion & Lifestyle and Grocery register all-time high revenues ▪ Strong growth in Consumer Electronics; stepped-up Devices sales ➢ Record quarterly EBITDA of ₹ 3,623 crore, up 41% YoY; su
Slide 16: O2C – 4Q FY21 – Sequential Growth Continuing
O2C – 4Q FY21 – Sequential Growth Continuing ➢ Continuing recovery in O2C EBITDA, up 17% QoQ to ₹ 11,407 crore, led by volume and margin growth ▪ Stable demand and supply disruptions benefited fuels, polymers and polyester margins ▪ Optimized feedstock sourcing – increased SRFO and Ethane processing
Slide 17: Consolidated Financial Results FY21
Consolidated Financial Results FY21 16
Slide 18: FY21 Operating Environment
FY21 Operating Environment ➢ Year of 2 halves for operating environment ➢ 1H FY21 ▪ Sharp demand destruction for O2C products ▪ Maintained high operating rates vs. global peers by focusing on exports ▪ Strict local lockdowns impacted Retail store operations; offset by ramp-up in digital commerce ➢ 2
Slide 19: Financial Results: FY21
Financial Results : FY21 (₹ crore) FY21 FY20 % change ➢ YoY lower revenue led by 29% decline in O2C ▪ Lower volumes and realizations Revenue 5,39,238 6,59,997 -18.3% ➢ Retail business revenues declined marginally EBITDA 97,580 1,02,280 -4.6% ▪ Increased footprint and omni-channel offerings Net Profi
Slide 20: Consolidated EBITDA: FY21
Consolidated EBITDA : FY21 (₹ crore) FY21 FY20 % change ➢ Sharp fall in O2C performance was largely offset by O2C 38,170 53,803 -29.1% robust growth in Digital Services Consumer 43,877 33,043 32.8% ▪ O2C business impacted by significant demand destruction and margin contraction in 1H FY21 Retail 9,8
Slide 21: Robust Balance Sheet
Robust Balance Sheet (in ₹ Crore) Mar-21 Dec-20 Mar-20 Gross Debt 2,51,811 2,57,413 3,36,294 Cash & cash equivalent 2,54,019 2,20,524 1,75,259 Balance commitment - 39,843 Net Debt (2,208) (2,954) 1,61,035 Note: Cash & cash equivalent as of Mar’21 includes balance call towards Right Issue ➢ Net debt
Slide 22: Rights Issue – Call Money
Rights Issue – Call Money ➢ The Board has made two call(s) with respect to Rights Issue ➢ Amount payable on fist call - ₹ 314.25 per share, total amount receivable ₹ 13,281 crore ▪ Payment period 17 May 2021 to 31 May 2021 ➢ Amount payable on second and final call - ₹ 628.50 per share (Total amount
Slide 23: Digital Services
Digital Services
Slide 24: Strengthening The Technology Core
Strengthening The Technology Core Foundational Technologies Technology-led disruption to unlock new business opportunities Talent Customer Experience Build deep ‘bench’ of talent (8,000+ Differentiated services and experiences Integrated CX / EX across touchpoints tech specialists at JPL) across bus
Slide 25: Resilience in Covid Headwinds
Resilience in Covid Headwinds ➢ First operator outside China to cross 400 million subscribers in a single country market; gross addition of over 99 million subscribers during FY21 ➢ Crossed annualized revenue run-rate of US$10 billion with industry leading margins; strong 45% YoY increase in RJIL EB
Slide 26: Addressing the Covid Challenge
Addressing the Covid Challenge ➢ We are faced with another, and more severe, disruption due to the new wave of Covid in India ➢ We have reshaped our priorities for this quarter to address this challenge ➢ Focus is to minimize business disruption and ensure customers are not inconvenienced ▪ Multiple
Slide 27: Enhanced Spectrum Footprint
Enhanced Spectrum Footprint ➢ Purchase of spectrum via auction and trading agreement with Bharti Airtel takes Jio owned spectrum to 1,732 MHz (UL+DL) ➢ Enhanced footprint with 2x10 MHz in 1800 MHz and 40 MHz in 2300 MHz band in all circles ➢ Jio owns largest spectrum footprint in sub-GHz space with
Slide 28: RJIL – Current Spectrum Holding
RJIL – Current Spectrum Holding Circle 800 MHz 1800 MHz 2300 MHz Andhra Pradesh 10.00 10.00 40.00 800 MHz Assam 5.00 10.00 40.00 Bihar 10.00 10.00 40.00 Delhi 10.00 10.00 40.00 ➢ 2 X 10 MHz footprint in 18 out of 22 circles Gujarat 10.00 10.00 40.00 Haryana 10.00 10.00 40.00 Himachal Pradesh 10.00 1
Slide 29: New JioPhone Offer
New JioPhone Offer ➢ Addressable market of 300 million feature phone users trapped in 2G era ➢ Unique bundling of device, connectivity and content for one and all ➢ Best-in-class value offering with long-term customer benefits Multiple device options being worked on to accelerate transition towards
Slide 30: JioBusiness – Enterprise-Grade Bundled Offering
JioBusiness – Enterprise-Grade Bundled Offering ➢ Telco share in ICT spend to increase with connectivity and digital solutions ➢ Deep market presence with fiber network, affordable tariff plans and end-to-end solutions to drive market share gains for Jio ➢ Monthly plans from Rs 900 to Rs 10,000 targ
Slide 31: JioGames – Next use case in the digital opportunity
JioGames – Next use case in the digital opportunity ➢ JioGames hosted multiple virtual tournaments in partnerships with leading gaming companies ➢ Tournaments broadcasted live on JioTV and YouTube ➢ Tournaments appealed to every gamer across different levels of expertise - beginners, amateurs and pr
Slide 32: Quarterly Highlights
Quarterly Highlights 12. Jio exits FY21 with customer base of 426.2 million ▪ Healthy gross addition of 31.2 million during Q4FY21; 99.3 million in full year FY21 22. Robust financial performance with improved subscriber addition ▪ JPL FY21 EBITDA of ₹ 32,359 crore driven by strong 45% YoY increase
Slide 33: Connecting Everyone, Everywhere
Connecting Everyone, Everywhere Dec’20: Circle wise AGR Ranking ➢ #1 ranked telecom operator in India – 426.2 million customer base as of Mar’21 ➢ Market leadership in 19 out of 22 circles and overall revenue share of ~45% as of Dec’20 ➢ Carrying world’s highest data traffic (>5.0 Exabytes per month
Slide 34: RJIL – Continued Strength in Financial Metrics
RJIL – Continued Strength in Financial Metrics Operating Revenue (in Rs crore) EBITDA (in Rs crore) 18,492 8,166 8,313 17,481 17,358 7,701 16,557 7,281 14,835 6,201 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 ➢ Transition to Bill & Keep regime caused QoQ decline in RJIL rev
Slide 35: RJIL - Key Operating Metrics
RJIL - Key Operating Metrics 4Q’ 20-21 3Q’ 20-21 4Q’ 19-20 ➢ Improved gross additions in both Total Customer base mobility and FTTH services along with 426.2 410.8 388.4 (million) lower churn Net Customer addition (million) 15.4 5.2 17.5 ▪ Net customer addition at 15.4 million ARPU (Rs/ month) 138.2
Slide 36: Jio Platforms Limited - Key Financials
Jio Platforms Limited - Key Financials Particular JPL Consolidated ➢ Sequential operating revenue decline 4Q’ 20-21 3Q’ 20-21 4Q’ 19-20 led by transition to Bill & Keep regime Gross Revenue* 21,650 22,858 17,993 effective 1st January 2021; like-for-like Operating Revenue 18,278 19,475 15,373 growth
Slide 37: Full Year Highlights
FY 2020-21 Full Year Highlights
Slide 38: FY21: Full Year Highlights
FY21: Full Year Highlights ➢ Resilient performance in a challenging operating context (80% Reliance Retail Revenue & EBITDA stores operational with limitations and footfalls at 65% compared to 31% last year) 3,245 3,616 7,574 10,415 11,784 12,711 CAGR Number of Stores ➢ Revenue recovers to previous
Slide 39: FY21 – Financial Performance
FY21 – Financial Performance In Rs crore % Parameter FY21 FY20 Change Change Y-o-Y Gross Revenue 1,57,629 1,62,936 -5,307 -3% Net Revenue 1,39,077 1,46,272 -7,195 -5% Total EBITDA 9,789 9,683 106 1% Total EBITDA Margin on Net Revenue (%) 7.0% 6.6% - +40 bps Profit After Tax 5,481 5,448 33 1% • Total
Slide 40: 4th Quarter Highlights
FY 2020-21 4th Quarter Highlights
Slide 41: Operating Context Improving Till March
Operating Context Improving Till March ➢ Operating environment directionally improving over previous quarter ▪ 94% stores operational (3Q: 96%), with curbs / limitations largely easing ▪ Overall footfall at 88% of Pre-COVID levels (3Q: 75%) ➢ Small towns continue to lead the recovery ➢ COVID wave-2
Slide 42: 4QFY21: Key Messages
4QFY21: Key Messages 1. All time high revenues despite operating challenges 2. Broad based growth over previous years across all consumption baskets 3. Another quarter of record EBITDA performance; PAT > Rs. 2,000 Crores for the first time 4. Pace of new store opening steps up - Q4 higher than previ
Slide 43: Revenue: Robust Growth
Revenue: Robust Growth ➢ Record revenue performance; growth of 35% YoY1 Gross Revenue Rs Crores ➢ Fashion & Lifestyle and Grocery register all-time high revenues ➢ Strong growth in Consumer Electronics; stepped-up Devices sales 45,327 47,064 41,202 41,100 38,196 38,211 37,845 ➢ Digital + New Commerc
Slide 44: Profit: Resilient Delivery
Profit: Resilient Delivery ➢ Record high EBITDA; up 41% YoY Total EBITDA Rs Crores ▪ Led by Consumer Electronics which more than doubled 3,617 3,087 2,747 ▪ Continued benefit of cost management initiatives 2,557 2,328 2,051 2,006 ▪ Boost from higher investment income ▪ Margins maintained at 7.5% des
Slide 45: Accelerating Store Expansion Across Businesses
Accelerating Store Expansion Across Businesses FY21 New Store Launches Store Network 826 Total 4Q Addition Area Area Store Store Region (SqFt (SqFt Count Count mn) mn) North 2,859 6.2 136 0.5 327 South 3,673 12.7 338 1.2 232 East 2,778 5.5 168 0.7 71 West 3,324 8.6 184 0.8 Q1 Q2 Q3 Q4 International1
Slide 46: Financial Summary
Financial Summary In Rs Crore % Change % Change 4Q FY20 Parameter 4Q FY21 3Q FY21 Y-o-Y Q-o-Q 38,211 23% Gross Revenue 47,064 37,845 24% 34,402 20% Net Revenue 41,296 33,018 25% 2,557 41% Total EBITDA 3,617 3,087 17% 7.4% +140 bps Total EBITDA Margin on Net Revenue (%) 8.8% 9.3% -50 bps 1,549 45% Pr
Slide 47: Performance Highlights – Consumer Electronics
Performance Highlights – Consumer Electronics ➢ Strong double-digit growth; continued momentum across stores & digital commerce, devices step-up ➢ Impactful activation and affordability programs and exclusive product deals boosts sales ➢ Broad based growth across categories led by Productivity devic
Slide 48: Performance Highlights – Fashion & Lifestyle (1/2)
Performance Highlights – Fashion & Lifestyle (1/2) Trends ➢ Buoyant revenue led by higher conversion and bill values ➢ 2x growth in revenues from Small Town stores; Now contributes >55% of Trends sales ➢ >400 store integrated with JioMart; daily order up >2x QoQ Ajio ➢ 4x growth in booking revenues
Slide 49: Performance Highlights – Fashion & Lifestyle (2/2)
Performance Highlights – Fashion & Lifestyle (2/2) Reliance Jewels ➢ Jewels revenues up 1.8x YoY on buoyant consumer demand ➢ Augmented affordable light weight jewelry with launch of 3 new occasion themed collections ▪ Diamond jewelry for Sankranti, Eternity for Valentine’s Day and Adira for Women’s
Slide 50: Performance Highlights – Grocery
Performance Highlights – Grocery Offline / Jio Mart ➢ Business revenues at all time-high; lower footfalls more than offset by higher ABVs ➢ Served over 1 million customers on 26th Jan Republic Day Sale across stores and JioMart ➢ JioMart continues to scale up; 3x growth in product assortment ➢ 80% o
Slide 51: Performance Highlights – Pharma
Performance Highlights – Pharma ➢ 114 Pharmacies operationalized and fast growing ➢ Engaging customer through impactful customer outreach initiatives ▪ Health Camps, Society Interactions and Door-to-Door marketing ➢ Pan India brand campaign initiated for Netmeds; web visits up >25% QoQ ➢ Growth in p
Slide 52: Looking Ahead: Volatile and Uncertain Operating Context
Looking Ahead: Volatile and Uncertain Operating Context ➢ COVID wave-2 emergence from latter March adversely impacting business % Store Operational & Footfalls ▪ Lockdowns and operating limitations being imposed over time across States ▪ Business (including digital commerce) confined to essential it
Slide 53: Looking Ahead: Our Priorities
Looking Ahead: Our Priorities Decisive actions to secure people and operations given COVID context – foremost priority 1. Step-up pace of new store opening 2. Accelerate Digital Commerce; expand category play on JioMart 3. Grow New Commerce merchant partnerships across businesses and geographies 4.
Slide 54: Oil & Gas
Q Reliance Industries Limited Oil & Gas
Slide 55: Oil & Gas – Operational Highlights
Oil & Gas – Operational Highlights ➢ KG D6 production ahead of plan ▪ R-Cluster commenced production in Dec’20. Peak production of ~12.8 MMSCMD in mid-Apr’21, ahead of plan ▪ Sat-Cluster field commenced production in Apr’21, two months ahead of plan ▪ Combined production from these two fields expect
Slide 56: Oil & Gas Segment Performance – 4Q FY21
Oil & Gas Segment Performance – 4Q FY21 change (in ₹ Crore) 4Q FY21 3Q FY21 4Q FY20 ➢ Significant turnaround in the business with start-up of QoQ Revenue 848 431 96.8% 625 R-Cluster in KG D6 block EBITDA 480 4 11900% -46 EBITDA Margin (%) 56.6% 0.9% ▪ Revenues nearly doubled QoQ Production (RIL Shar
Slide 57: Oil & Gas Segment Performance – FY21
Oil & Gas Segment Performance – FY21 change ➢ Revenue decline largely due to (in ₹ Crore) FY21 FY20 YoY ▪ Production decline – sale of Marcellus assets and Revenue 2,140 3,211 -33.4% cessation of D1D3 production from KG D6 EBITDA 258 353 -26.9% EBITDA Margin (%) 12.1% 11.0% ▪ Lower domestic and US S
Slide 58: Other Updates
Other Updates ➢ KG D6 - MJ Field: First Installation campaign in Progress ▪ All 9 anchor piles installed ▪ Buoy delivered and towed to the field; Installation in progress ▪ All Mooring lines pre-laid; Installation (connection) in progress ➢ KG UDW1 MJ: Buoy installation ▪ Infrastructure led explorat
Slide 59: Oil to Chemicals
Q Reliance Industries Limited Oil to Chemicals
Slide 60: O2C Manufacturing – Securing Employees
O2C Manufacturing – Securing Employees ➢ Bio-Bubble Concept adopted across O2C sites to ensure health and safety of employees and business partners ▪ Accommodation facilities with basic amenities created for business partners ▪ WFH adopted for 53% employees including technical & non-technical suppor
Slide 61: O2C Manufacturing – Securing Operations
O2C Manufacturing – Securing Operations ➢ Business continuity and monitoring system ▪ Ensuring availability of raw material, cat chem and product dispatches with minimal adverse impact ▪ Multi-mode logistic model being deployed to ensure evacuation for sustaining operation – including hiring of exte
Slide 62: Business Environment - Macro Trends 4Q FY21 (1/2)
Business Environment - Macro Trends 4Q FY21 (1/2) ➢ O2C chain benefiting from ongoing revival in economic activity and demand ▪ Rising consumer confidence, global vaccination drive and fresh US stimulus aiding consumption ➢ Global oil demand rose from the lows though slightly down by 1 mb/d QoQ on p
Slide 63: Business Environment - Macro Trends 4Q FY21 (2/2)
Business Environment - Macro Trends 4Q FY21 (2/2) ➢ Avg. feedstock prices strengthened with supply cuts and stimulus packages ▪ OPEC+ cut ~8 mb/d supply, with Saudi cutting additional 1 mb/d ▪ Brent oil up 37.7% QoQ to $ 60.9/bbl, naphtha up 40% QoQ to $ 548/MT ➢ Strong demand revival despite rising
Slide 64: Business Environment – Polymers
Business Environment – Polymers Polymer India Demand Growth YoY (4Q FY21) ➢ Domestic demand remained stable QoQ, but up 12% YoY 18% 18% 14% 14% 12% ▪ Resilient PE demand led by rapid growth in e-commerce packaging 10% 6% 2% ▪ Robust growth in non-woven segment (PPE/mask), up 41% YoY -2% -2% -6% ▪ He
Slide 65: Business Environment – Polyester
Business Environment – Polyester Polyester India Demand Growth YoY (4Q FY21) ➢ 4Q FY21 polyester demand up 21% YoY with easing of lockdown 40% ▪ Strong cotton prices, firm downstream operating rates, declining 31% 30% inventories 21% 20% 19% 18% ➢ Demand has revived to above pre-Covid level 10% ▪ St
Slide 66: Business Environment – Transportation Fuels (1/2)
Business Environment – Transportation Fuels (1/2) Asian Gasoil Cracks Gasoil 15 300 11.9 275 259 250 ➢ Global gasoil demand fell 0.8 mbd QoQ to 26.8 mbd 236 Mn. bbls 10 200 ➢ Gasoil margin recovered QoQ as US outages tightened West of $/bbl 5.8 150 5 4.3 100 Suez balances, attracting cargoes from As
Slide 67: Business Environment – Transportation Fuels (2/2)
Business Environment – Transportation Fuels (2/2) Gasoline Asian Gasoline 92R Cracks 301 8 313 400 ➢ Global gasoline demand declined by 0.7 mbd QoQ to 23.6 mbd 292 6 300 Mn. bbs $/bbl 4 4.9 3.0 5.6 200 ▪ Demand declined for the second consecutive quarter 2 100 0 0 ▪ Second wave of covid and fresh re
Slide 68: O2C Operating Performance
O2C Operating Performance ➢ Throughput higher by 2.7% QoQ Feedstock (Vol. in MMT) 4Q FY21 3Q FY21 Throughput 18.7 18.2 ▪ Maximized ethane, SRFO in view of attractive economics ▪ Arbitrage sourcing of Black Sea and North American crude Production meant for sale (Vol. in MMT) Transportation Fuels 9.9
Slide 69: Performance Highlights – O2C Segment – 4Q FY21
Performance Highlights – O2C Segment – 4Q FY21 change ➢ Sharp revival in O2C earnings, up 17% QoQ (in ₹ Crore) 4Q FY21 3Q FY21 4Q FY20 QoQ ▪ Firm demand leading to overall volume growth Revenue 1,01,080 83,838 20.6% 96,732 ▪ EBITDA margin declined on higher revenue base EBITDA 11,407 9,756 16.9% 11,
Slide 70: Performance Highlights – O2C Segment – FY21
Performance Highlights – O2C Segment – FY21 change ➢ YoY O2C EBITDA decline largely due to sharp demand (in ₹ Crore) FY21 FY20 YoY contraction across products in 1H FY21 Revenue 3,20,008 4,51,355 -29.1% ▪ Strong rebound in 2H FY21 supported EBITDA recovery EBITDA 38,170 53,803 -29.1% ➢ Agile busines
Slide 71: O2C – Resilient Business Model
O2C – Resilient Business Model ➢ Operation excellence commitment – consistent high asset utilisation while ensuring safe and reliable operations ➢ Capability to optimize feedstock and product yields ▪ Deep integration to capture margins within and across chains ➢ Increasing speciality component by s
Slide 72: O2C Business Dynamics
O2C Business Dynamics ➢ Oil demand recovery in 2021 to 96.5 mb/d seen short of 2019 levels of 99.7 mb/d as per IEA Macro ➢ Large cracker capacity additions globally (~12 MMTA addition in both 2020, 2021) ➢ Easing of lockdowns, US driving season and air travel recovery to support fuel cracks Margin ➢
Slide 73: Summary
Q Reliance Industries Limited Summary
Slide 74: Summary
Summary ➢ Strong operating performance despite unprecedented challenges in business environment ➢ Consumer businesses contributed 49% of consolidated segment EBITDA ▪ Retail and Jio providing physical and digital lifeline to consumers ▪ Focus on creating capabilities across consumer and technology l
Slide 75: Growth is Life...
Q Reliance Industries Limited Growth is Life...
Reliance Industries — Q4 FY2021 Earnings Presentation on 6ix