Reliance Industries Limited · NSE:RELIANCE
Reliance Industries — Q2 FY2016-17 Earnings Presentation
83 slides from Reliance Industries's earnings presentation, Oct 20, 2016
Slide 1: 2Q FY 2016-17 Financial Results
2Q FY 2016-17 Financial Results 20th October 2016
Slide 2: 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
Slide 3: Financial Results
Reliance Industries Limited Financial Results
Slide 4: Consolidated Financial Results: 2Q FY17
Consolidated Financial Results : 2Q FY17 % Change % Change 1Q FY17 (in ` Crore) 2Q FY17 2Q FY16 Y-o-Y Q-o-Q 71,451 T urnover 81,651 74,490 9.6% 14.3% 9,362 Segment EBIT 9,194 7,288 26.2% -1.8% Net Profit (ex cl. 7,113 7,206 5,035 43.1% 1.3% ex ceptional item) 7,113 Net Profit 7,206 9,345 -22.9% 1.3%
Slide 5: Consolidated EBIT: 2Q FY17
Consolidated EBIT : 2Q FY17 10000 9194 493 48 60 895 8000 530 7288 6000 Rs. Crore 4000 2000 0 2Q FY16 Refining Petchem E&P Retail Others 2Q FY17 Refining & petrochemicals business benefited from higher volumes and improved margins Improvement in E&P segment due to lower SEM related charge-offs a
Slide 6: R & M Segment Performance
R & M Segment Performance 2Q FY17 EBIT at ` 5,975 crore, down 9.4% EBIT (` crore) GRM ($/bbl) QoQ, up 9.7% YoY 8,000 20 Crude processing of 18 MMT, up 7.1% QoQ 6,593 5,975 16 6,000 5,445 GRM at $ 10.1/bbl, down QoQ 12 Weakness in light products partially offset by 4,000 11.5 10.6 10.1 8 firm
Slide 7: Petrochemicals Segment Performance
Petrochemicals Segment Performance Record quarterly performance EBIT (` crore) EBIT Margin (%) 4,000 20 2Q FY17 EBIT of ` 3,417 crore, up 21.8% 3,417 2,806 16 QoQ and 35.5% YoY 3,000 2,522 15.2 12 13.5 2,000 Strong QoQ sales volume growth of ~10% 11.9 8 1,000 Highest EBIT margin in last 14 q
Slide 8: Oil & Gas Segment Performance
Oil & Gas Segment Performance 2Q FY17 EBIT at ` (491) crore US Shale (` crore) Domestic (` crore) Continuing subdued commodity price 200 - environment impacting upstream business -200 Lower volumes in India and US shale -400 -600 US shale production at 41.4 BCFe (RIL share), -800 down 7% QoQ
Slide 9: Retail Segment Performance
Retail Segment Performance 2Q FY17 turnover at ` 8,079 crore, up 21.2% QoQ and 63.0% YoY 9,000 162 180 8,000 8,079 160 Led by strong growth in Digital, Fashion & 148 Lifestyle and petro product segment 7,000 6,666 140 Revenues (Rs. Crore) 114 EBIT (Rs. Crore) 6,000 120 EBIT at ` 162 crore, up
Slide 10: Refining & Marketing
Q Reliance Industries Limited Refining & Marketing 10
Slide 11: Performance Highlights
Performance Highlights Robust Performance Financial Performance GRM of $ 10.1/bbl 9,000 11.5 12 EBIT of ` 5,975 crore, up 9.7% Y-o-Y 10.8 11.5 10.1 18.0 MMT crude processed in 2Q FY17 10.6 6,474 6,380 6,593 9 5,975 Resilience in GRMs 6,000 5,445 Maximized gasoil to take advantage of better `
Slide 12: Business Environment
Business Environment Crude oil prices remained flat around $45/bbl reflecting continued oversupply • Recent OPEC talks on output freeze pulled up prices to > $ 50/bbl Firm global oil demand growth expected at 1.3mb/d in 2016 and 1.2 mb/d in 2017 • 60% of the growth expected to be driven by Asia • Ro
Slide 13: Global Refining Margins Environment
Global Refining Margins Environment Global Refining Margins On Y-o-Y basis, margins were lower primarily due to sharp fall in gasoline 15.1 15.0 cracks On a Q-o-Q basis, regional margins 11.5 10.6 were flat 10.1 10.0 Fall in light distillate cracks were $/bbl 8.1 8.3 7.9 compensated by firm mi
Slide 14: Business Environment: Middle Distillate Margins
Business Environment Middle Distillate Margins Gasoil cracks improved during the quarter $/bbl 14 Higher maintenance activity towards the end of the quarter supported margins 12 10.8 10.5 11.0 10.9 11.1 11.1 Stable southeast Asian demand 10 Limited impact of capacity additions from condensate
Slide 15: Business Environment: Light Distillate Margins
Business Environment Asian gasoline cracks declined sharply Light Distillate Margins $/bbl Supply growth outweighed demand due to 19.4 20 Refinery yield shifts Capacity additions and high utilization 15 14.5 Higher exports from China and lower imports 11.6 by Indonesia led to oversupply in t
Slide 16: Business Environment: Fuel Oil & AL-AH Diff
Business Environment Fuel Oil & AL- AH Diff Sharp recovery in fuel oil cracks $/bbl Power generation related higher demand 4.0 2.7 2.8 2.9 from Asia and Middle East 2.0 Firm bunker fuel demand - Lower supply from Russia -2.0 -4.0 -6.0 -5.1 AL-AH Differential flat -8.0 -10.0 -9.0 -9.5 Arab Li
Slide 17: Strategic Advantage
Strategic Advantage Sourcing & Placement Advantages Operational Optimization Flexibilities in term supply contracts Optimized crude logistic cost by out- leveraged in scheduling, choice of grades chartering of time chartered vessels’ ballast leg to maximize portfolio value addition Refinery ne
Slide 18: Robust Domestic Demand Growth
Robust Domestic Demand Growth 40 MMT 2.9% RIL refinery product sales - Q2FY17 Domestic Demand Y-o-Y (in MMT) 36 (in MMT) 32 3.4 28 20.2% 24 20 16 10.8% 12 11.0% 2.7 8 0.0% 11.1 11.3% -10.1% 4 0 MS HSD ATF Kerosene LPG Naphtha Others 1H FY16 1H FY17 Exports Captive Domestic Overall demand growth of
Slide 19: Domestic Marketing – Retail
Domestic Marketing – Retail 1,100 retail outlets have been renewed and re- commissioned MS & HSD sales sustained despite seasonal lower demand in Industry volumes on Q-o-Q basis. Retail outlet throughput of ~216 KLPM in 2Q FY17 as compared to ~150 KLPM of key competitors Best in class Fleet
Slide 20: Domestic Marketing - Bulk & Other Businesses
Domestic Marketing - Bulk & Other Businesses Packed LPG Business sales grew at 10% on Y-o-Y basis 4 KG LPG cylinder launched in 4 districts on pilot basis Mobile App rolled in all operating states to enhance customer experience ATF sales volume grew by 31% in 2Q FY17 over last year RIL has
Slide 21: Petcoke Gasification Project
Petcoke Gasification Project Successful trials taken for Petcoke conveyors, Gasification control centre building Rod mills and slurry handling system commissioned to start monitoring pre- Pre-commissioning activities and trials for commissioning and start-up activities balance systems being pl
Slide 22: R&M Business Outlook
R&M Business Outlook Oil demand growth is expected at 1.3mb/d; driven by India and China Asian margins supported by stable middle distillate cracks and winter heating demand • Gasoil balance is expected to tighten on limited supply growth Gasoline oversupply is expected to ease on yield shift away f
Slide 23: Petrochemicals
Q Reliance Industries Limited Petrochemicals
Slide 24: Global Macro Environment 2Q FY17
Global Macro Environment 2Q FY17 SEA Integrated Margin Oil and feedstock environment remained volatile through the quarter 900 Margin 5 Yrs. Avg. Naphtha down 5% QoQ 800 SEA Ethylene/Propylene margins remained robust 700 Continuing tightness due to heavy turnarounds USD/ MT of Ethylene 600
Slide 25: Global Ethylene: Demand-Supply
Global Ethylene: Demand-Supply (In MMTPA) Demand Inc. Dem Capacity Inc. Cap Oper. Rate 200 2016-2021E: 95% Incremental Demand Growth: 3.7% Incremental Capacity Growth: 3.7% 180 90% 160 85% 140 80% 120 75% 100 70% 80 65% 60 40 60% 20 55% 0 50% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Gl
Slide 26: Performance Highlights – 2Q FY17
Performance Highlights – 2Q FY17 4,000 15.2 16 Record quarterly performance on the back of 13.6 13.5 3,417 Strong domestic volume growth 13.0 11.9 Improved margins 3,000 2,631 2,704 2,806 12 2,522 Pre-emptive inventory management and cost discipline 2,000 8 Revenue of ` 22,422 crore 1,000
Slide 27: Ethane Project - Ethane Vessels
Ethane Project - Ethane Vessels All six vessels launched – sea trials underway; Delivery expected as per schedule 27
Slide 28: Ethane Project - Ethane Vessels
Ethane Project - Ethane Vessels 28
Slide 29: Ethane Project - Piping
Ethane Project - Piping Piping Progress: Jetty Trestle - Piping & Pipe Insulation Ready for Hydrotest Progress - Onshore All elements of the projects are proceeding as per schedule 29
Slide 30: ROGC Project – Furnace
ROGC Project — Furnace Reliance Industries Limited
Slide 31: Paraxylene Project
Paraxylene Project Isomerization, Tankage Area Fractionation & Heaters PX project in advanced stages of completion; nearing commissioning 31
Slide 32: Polymers
Reliance Industries Limited Polymers | 32
Slide 33: Business Environment - Polymers
Business Environment - Polymers India continues to remain short in polymer Demand Growth (1H FY17 vs 1H FY16) supply Indian demand growth supported by increased 24% India China spending on infrastructure (roads, water), 20% 19% agriculture sectors and consumer packaging 14% sector 11% 9% 9% 8% 7
Slide 34: Polymer Delta Scenario
Polymer Delta Scenario PP-Propylene HDPE-Naphtha PVC-Naphtha-EDC 400 1000 600 530 323 450 468 791 759 751 285 255 $/MT $/MT $/MT 200 500 300 0 0 0 2Q FY16 1Q FY17 2Q FY17 2Q FY16 1Q FY17 2Q FY17 2Q FY16 1Q FY17 2Q FY17 5 Year Avg 5 Year Avg 5 Year Avg Softness in PP delta PE deltas remained Sh
Slide 35: RIL Operational Highlights
RIL Operational Highlights Production (KT) 1H FY16 1H FY17 Polymer production up 3% YoY PP 1365 1419 Both PP and PE production up 4% Domestic Polymer market share at 33% PE 538 558 PVC 360 355 PP segment market share: 51% TOTAL 2263 2332 World-class polymer application support center built
Slide 36: Business Outlook – Polymer Chain
Business Outlook – Polymer Chain Peak regional olefins margin likely to persist in the near term, supported by stable crude oil prices and delays in project start-ups • New ethylene capacity in US expected by end of 2017 – reduced cost advantage with lower oil to gas ratio China likely to add ~6 MMT
Slide 37: Polyester Chain
Reliance Industries Limited Polyester Chain | 37
Slide 38: Business Environment – Polyester
Business Environment – Polyester Polyester chain witnessed balanced fundamentals despite Integrated Polyester Margin G20 related supply constraints in China 800 Two consecutive PX contract settlements (Jul & Aug) 700 provided stability to PX and PTA market 600 PTA markets remained stable owing
Slide 39: Business Environment – Polyester
Business Environment – Polyester Domestic Demand Growth 1H FY17 Polyester domestic demand growth (1H FY17 vs 1H FY16) surged 6% YoY Strong demand growth of 14% in 2Q FY17 8% PET demand up 28% and PFY demand up 14% in 2Q FY17 6% Polyester filaments lifting were healthy for grey & finished fab
Slide 40: Intermediates Delta Scenario
Intermediates Delta Scenario PX-Naphtha PTA-PX MEG-Naphtha 500 140 700 391 404 361 103 101 89 463 $/MT $/MT 250 366 369 $/MT 70 350 0 0 0 2Q FY 16 1Q FY 17 2Q FY 17 2Q FY 16 1Q FY 17 2Q FY 17 2Q FY 16 1Q FY 17 2Q FY 17 5 Year Avg 5 Year Avg 5 Year Avg PX delta continued to PTA delta remained sta
Slide 41: Polyester Delta Scenario
Polyester Delta Scenario POY-PTA-MEG PSF-PTA-MEG PET-PTA-MEG 300 300 200 233 233 156 206 214 210 145 180 129 $/MT $/MT $/MT 150 150 100 0 0 0 2Q FY 16 1Q FY 17 2Q FY 17 2Q FY 16 1Q FY 17 2Q FY 17 2Q FY 16 1Q FY 17 2Q FY 17 5 Year Avg 5 Year Avg 5 Year Avg POY delta firmed up PSF delta softened a
Slide 42: RIL Operational Highlights
RIL Operational Highlights Production (KT) 1H FY16 1H FY17 Production (KT) 1H FY16 1H FY17 PX 1152 1084 POY 392 384 PTA 1418 1836 PSF 304 323 MEG 357 352 PET 359 400 TOTAL 2927 3272 TOTAL 1055 1107 Increased operating rate resulted in higher chain output Volume growth led by new PTA and PET capa
Slide 43: Preparing for future – Key innovations
Preparing for future – Key innovations Non-conventional polyester products for functional applications Innovations Segments Applications Sleep Products Pillows, Mattresses, Quilts Concrete reinforcement, Tea bags, Wallpaper Construction Paper Home Bed Sheets, Blankets, Furnishings Textiles Functio
Slide 44: Polyester Business – New Initiatives
Polyester Business – New Initiatives Enhancing Recron certified product portfolio: Launched a comfort product duly certified by Recron to cater to consumers in travel segment Sleeptunes Mobile Pillow– A user friendly neck pillow for travelers Embedded micro speakers that allow the user to li
Slide 45: Business Outlook – Polyester Chain
Business Outlook – Polyester Chain Fiber Intermediaries Downstream Polyester PX markets likely to exhibit stability in Downstream demand recovery in polyester supply-demand and healthy margins markets to continue with festive season PTA markets expected to remain High operating rates & inven
Slide 46: Oil & Gas: Domestic E&P
Q Reliance Industries Limited Oil & Gas: Domestic E&P 46
Slide 47: Domestic E&P - Production Update
Domestic E&P - Production Update Mmbbl Mmbbl BCF BCF Production continued to declined in KGD6 Average realization for 2Q FY17 Average gas production 7.7 MMSCMD and oil Oil - $ 47.44/bbl and condensate at 3,166 BOPD Gas - $ 5.73/MMBTU Gas realization $3.06/mmbtu (GCV basis) Oil and cond
Slide 48: CBM – Field and Pipeline Development
CBM – Field and Pipeline Development Start-up Plan Continuing Test Production from GGS 11 and associated wells. Infrastructure Roll out Ready for Start Up (RFSU) for GGS12 – Targeted for 3Q FY17. More than 95% of production holes drilled and Hydro-fracked in GGS 12. Two WGS completed and wor
Slide 49: Oil & Gas: Shale Gas Business
Oil & Gas: Shale Gas Business 49
Slide 50: Price Environment: Natural Gas
Price Environment: Natural Gas Average HH Gas prices recovered to $2.85/Mmbtu in 2Q US Natural Gas Inventory Levels (Bcf) FY7 vs. $1.95/Mmbtu in 1Q FY17 Marcellus differentials widened sharply Capacity congestion in the NE and rising Marcellus supplies Improvement likely with start of new pi
Slide 51: Price Environment: WTI and NGL
Price Environment : WTI and NGL WTI: Declining US Crude Oil Production WTI prices remained volatile, but averaged flat at ~$45/Bbl. Declining trend in US production continued. Averaged at 8.45 MMbbl/d in 2Q vs. peak of 9.6 MMBbl/d in May’15. Oil rig counts inched up but mainly in the Permian s
Slide 52: Business Performance Highlights
Business Performance Highlights % Chg vs. % Chg vs. 2Q FY17 1Q FY17 2Q FY16 1H FY17 1H FY16 1Q FY17 1H FY16 Production (Bcfe) 41.4 44.5 51.0 -7% 85.9 100.3 -14% Revenues ($ MM) 89 93 117 -4% 182 258 -29% EBITDA* ($ MM) 23 40 55 -43% 63 -36** - * EBITDA for 1HFY16 and 2QFY16 have been restated with I
Slide 53: Reliance Retail
Q Reliance Industries Limited Reliance Retail 53
Slide 54: Reliance Retail - India's Largest Retailer
Reliance Retail - India’s Largest Retailer Reach >3.5 mn 679 30 million Customers served every week Cities and growing Loyalty customer base Scale 3,442 13 mn sqft >69,000 Retail stores Retail space People employed >1.7 million >20% 3x throughputs Garments sold every week Market share in UHD TVs at
Slide 55: Reliance Retail Growing at a Healthy Pace
Reliance Retail Growing at a Healthy Pace Indian Retail Market (₹ Billion) Reliance Retail Revenue (₹ Billion) 34,799 211 32,007 28,399 176 25,259 ~2.5X 146 22,487 Growth 108 76 2012 2013 2014 2015 2016E FY 2011-12 FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 Reliance Retail has grown more than twice
Slide 56: Performance Highlights
Performance Highlights Financial Highlights (in ` Crore) Strong growth across all consumption baskets 9,000 264 300 Net addition of 59 stores during 2Q 8,000 8,079 240 250 FY17, operates 3,442 stores as of 30 7,000 6,666 201 Sep, 2016 6,000 200 Revenues 4,956 Sold 3 million LYF handsets during
Slide 57: Contribution From Consumption Baskets
Contribution From Consumption Baskets Consumer Electronics and Petro lead the growth pack Turnover Mix – 2Q FY17 Turnover Mix – 2Q FY16 Grocery 8% 16% 32% Consumer Electronics 20% 45% 15% Fashion & Lifestyle Petro Retail 27% 37% 57
Slide 58: Reliance Retail Store Network
Reliance Retail Store Network Zone wise store count as on Sep 30th, 2016 Store Count by Region Mar 31, Sep 30, 2016 2016 724 North 661 724 South 1,168 1,220 1052 446 East 404 446 West 1012 1,052 Total 3,245 3,442 1,220 3,442 Retail Stores Pan-India with 13 million sqft of retail space Note: 395 owne
Slide 59: Fashion & Lifestyle
Fashion & Lifestyle Indian Apparel + Footwear Market Size Organised Retail in Apparel + Footwear 11% 20% CAGR CAGR USD 86 USD bn 56 bn USD USD 14 bn 7% 29 bn 2016 2020 2016 2020 Source: Technopak Reliance Retail is India’s leading fashion & lifestyle retailer Strong presence across value, mid-se
Slide 60: Reliance Retail's Presence Across Fashion & Lifestyle Segments
Reliance Retail’s Presence Across Fashion & Lifestyle Segments Strong brand presence serving customers across income segments 60
Slide 61: Performance Highlights
Performance Highlights Opened 30 stores in First Half of the financial year taking total store count to 299 stores Launched top 8 stores under new concept Early introduction of new merchandise has increased season’s performance supported with increased margin during EOSS Continues to be favo
Slide 62: Consumer Electronics
Consumer Electronics Indian Consumer Electronics Market Size & Growth Low Product Penetration Across Large Appliances to Fuel Growth 16% CAGR 80% 52% USD USD 63 bn 24% 35 bn 14% MOBILE TELEVISION REFRIGERATOR WASHING PHONES MACHINE 2016 2020 Source: Technopak, www.ibef.com, BCG Reliance Retail is
Slide 63: Performance Highlights
Performance Highlights Reliance Digital and DX mini stores delivered strong growth aided by launch and distribution of Jio connections through these stores Reliance Digital launched 24 hour home delivery as a differentiator across 40 cities; more cities being added gradually Outpaced market gr
Slide 64: Grocery
Grocery Indian Food & Grocery Market Size Share of Organized Retail in Food & Grocery 11% CAGR 24% CAGR USD USD 633 bn 413 bn USD USD 13 bn 31 bn 2016 2020 2016 2020 Source: Technopak Reliance Retail is India’s leading grocery retailer Formidable mix of neighborhood store, super markets and whol
Slide 65: Performance Highlights
Performance Highlights Reliance ‘Smart’ concept is delivering strong growth across all regions with its simplified and stronger value proposition Continued focus on strengthening own brand product portfolio Launched new products in the kids breakfast cereal space Own brands participation of
Slide 66: Fashion Omni-Commerce
Fashion Omni-Commerce AJIO.com has made its way into the list of top five retail shopping apps in India Launched menswear category Curated collection of over 19,000 styles live and growing Strong Private Label portfolio contributing 44% of revenues 37% orders from repeat customers with 21%
Slide 67: Widest Distribution Across India
Widest Distribution Across India 3 million LYF smartphones sold in Q2 2016-17 LYF Sale through Online partners started in this quarter Infrastructure readiness across the country with: Partners network of 500,000 retailers for devices and connectivity business Technology platform deploymen
Slide 68: Petro Retail - Owned Outlets
Petro Retail - Owned Outlets 395 owned retail outlets operational as of 30th Sep 2016 with commissioning of 29 outlets during the quarter Volume growth at 4% with further positive sentiments in the market during the upcoming festive season Average retail margin of ₹ 1,850 per KL on petrol and
Slide 69: Reliance Jio
Q Reliance Industries Limited Reliance Jio 69
Slide 70: Global Data Trends Continue Unabated
Global Data Trends Continue Unabated Global IP traffic expected to reach 1.1ZB by end of 2016 and 2.3ZB by end of 2020 (22% CAGR) IP video traffic is expected to grow to 82% of overall traffic in 2020 (up from 70% in 2015) – move to video ready networks Internet Video Surveillance traffic doub
Slide 71: India – Fastest Growing Data Market
India – Fastest Growing Data Market Mobile data traffic to grow 12 fold from 149 petabytes in 2015 to 1.7 Exabyte in 2020 Data tariffs in India quite expensive when adjusted for (growth of 63% CAGR) per-capita income… constraining usage Average internet user expected to generate 3-10 GB per mont
Slide 72: India – Connected Consumer
India – Connected Consumer The Indian consumer landscape is evolving very fast Projections between 550 to 650 million internet users by 2020 Average data consumption on mobile devices also projected to increase rapidly Estimates vary between 3-10 GB per month depending on affordability At
Slide 73: Jio – Commencement of Services
Jio – Commencement of Services 73
Slide 74: Jio – A Truly Differentiated Offering (1/2)
Jio – A Truly Differentiated Offering (1/2) 1. Jio has built a world-class all-IP data strong future proof network with latest 4G LTE technology 2. The only network conceived and born as a Mobile Video Network from the ground up and supporting Voice over LTE technology 3. Future ready - can be easil
Slide 75: Jio – A Truly Differentiated Offering (2/2)
Jio – A Truly Differentiated Offering (2/2) 6. Jio has revolutionised Indian telecom landscape by making voice calls for Jio customers absolutely free, across India, to any network, and always 7. Jio makes India the highest quality, most affordable data market in the world 8. Largest distribution ne
Slide 76: Jio Subscriber Base
Jio Subscriber Base Robust Growth of Subscribers JK: 0.1 16 million subscribers as on 30 Sep 2016 HP: 0.2 PB: 0.8 UPW: 0.9 NE: 0.1 World record for fastest ramp-up HR: 0.7 DL: 0.7 RJ: 1.0 UPE: 0.9 AS: 0.3 Subscriber addition distributed across the BR : 1.0 country – pan-India demand for servic
Slide 77: Jio Applications (1/2)
Jio Applications (1/2) JioTV - Anytime is Prime Time JioCinema – Theater at your fingertips 350+ Live TV Channels 6,000 Movies, 60,000 Music Videos 50+ HD Channels 100,000 Episodes JioMusic – Ultra High Definition Music MyJio – One Connection 10 Million songs Check balance and validity
Slide 78: Jio Applications (2/2)
Jio Applications (2/2) JioChat–Efficient way to stay connected JioXpressNews – Breaking News Seamless audio/ video conference calls News from 10+ languages, 500+ sources Customised offers from brand channels Save articles for later reading JioMags – Premium Magazines JioNewspaper – Your digi
Slide 79: Tariff Principles
Tariff Principles 1. Benefit of technology should be passed on to consumers – FREE VOICE !! Technical advantage of VoLTE makes cost of voice calling negligible Customer should pay for one service only 2. Pricing structure should be simple for the common Indian to understand 3. One Nation – One R
Slide 80: Tariff Packs
Tariff Packs No. Main Plan I II III IV V VI VII VIII IX X 1 Maximum Retail Price (Rs)* 19 129 149 299 499 999 1,499 2,499 3,999 4,999 2 Benefits (i) Local and STD voice calls All local and STD voice calls free in home and national roaming (ii) Local and STD video calls All local and STD video calls
Slide 81: Spectrum Auction Update
Spectrum Auction Update Jio successfully acquired right to use Service Area 800 MHz 1800 MHz 2300 MHz (Paired) (Paired) (Unpaired) Andhra Pradesh - - 10.00 269.2 MHz (UL+DL) spectrum across all Assam - - 10.00 Bihar - 5.00 10.00 22 Service Areas Delhi - - 10.00 Gujarat 5.00 - 10.00 Haryana - 1.00
Slide 82: Post Auction Spectrum Holding
Post Auction Spectrum Holding 800 MHz 1800 MHz 2300 MHz Service Area (Paired) (Paired) (Unpaired) Andhra Pradesh 3.75 5.80 30.00 Spectrum footprint ensures Assam 5.00 5.40 30.00 Bihar 5.00 5.00 30.00 availability of spectrum in all the Delhi 3.75 5.40 30.00 three bands across the country and Gujar
Slide 83: Thank You
Reliance Industries Limited Thank You 83
Reliance Industries — Q2 FY2016-17 Earnings Presentation on 6ix