GAIL (India) Limited · NSE:GAIL
GAIL (India) — Investor Presentation (May 2022)
38 slides from GAIL (India)'s investor presentation, May 30, 2022
Slide 1: Investors' & Analysts' Meet 2022
GAIL (India) Ltd. Investors’ & Analysts’ Meet 2022 May 30, 2022, Mumbai
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation has been prepared by GAIL (India) Ltd (Company or GAIL) solely for providing information about the Company. The information contained in this presentation is only current as of its date. Certain statements made in this presentation may not be based on historic
Slide 3: Company Mission & Vision
Company Mission & Vision Be the leader in Enhancing quality of natural gas value- life through clean chain and beyond, Mission Vision energy and beyond with global presence, creating value for stakeholders with environmental responsibility
Slide 4: Table of Contents
Table of Contents 1 Company Overview 2 Performance Highlights 3 Industry Outlook & Strategy
Slide 5: Company Overview
Company Overview 5
Slide 6: Major Business Portfolio
0 0 0 0 0 000 1 2 3 4 4 444 Major Business Portfolio Gas Transmission LPG & Liquid Petrochemicals E&P Renewables City Gas & Marketing Hydrocarbons Over 14,385 ~15% 5 Processing Participation 118 MW of 67 cities/GAs KM of Gas domestic Plants in 12 Blocks Wind Power out of total Network ma
Slide 7: Global Presence
Global Presence RUSSIA •India Energy Office USA CHINA • GGUI • China Gas • GGULL • GAIL-Sabine Pass MYANMAR • A1 & A3 E&P Blocks • Myanmar – China Gas EGYPT Pipeline • Equity in 2 Retail Gas Companies SINGAPORE • GAIL Global Singapore Pte Ltd
Slide 8: Sustainable Development
Sustainable Development GAIL embarked upon the journey of adoption of GreenCo Rating . In last two years, five GAIL sites have achieved GreenCo Rating; GAIL Vijaipur, Gandhar, Vaghodia and VSPL Pipeline have attained the GreenCo silver rating GAIL Pata has been rated GOLD category under GreenCo
Slide 9: Shareholding Pattern, Share Price and Dividend
Shareholding Pattern Market Capitalization as on 31st Mar’22 : ` 69,137 crore 180 6 Share volume (in Millions) 160 5 Price (in Rs/Share) 140 120 4 Paid up Equity 100 ` 4,440.39 crore 3 80 60 2 40 1 20 0 0 Volume Share Price GAIL Board approved buyback of ~ 5.70 crore share at price of Year FY17 FY
Slide 10: GAIL Hriday – CSR Initiative of GAIL
GAIL Hriday – CSR Initiative of GAIL SWACHH BHARAT AROGYA KAUSHAL (Health) (Skill Dev.) UJJWAL UNNATI (Education) HRIDAY (Rural Dev.) SASHAKT SAKSHAM (Care for elderly & differently abled) (Women empowerment) HARIT (Environment projects) GAIL has achieved spends of Rs. 203.74 crores. (~3%), against
Slide 11: Major Highlights - Corporate Social Responsibility (CSR)
Major Highlights - Corporate Social Responsibility (CSR) 1. GAIL UJJAWAL (Education Centric Initiatives): 260 meritorious & marginalized students received residential coaching at GAIL Utkarsh centres-Kanpur, Varanasi, Haldwani & Srinagar for admission into IITs/NITs and other Engineering colleges
Slide 12: Performance Highlights
Performance Highlights 12
Slide 13: Major Highlights for FY 2021-22
Major Highlights for FY 2021-22 GAIL’s Annual Report and financial statement for Year 2020-21 has won ‘Gold Shield’ in ICAI Awards for Excellence in Financial Reporting for FY2020-21 Received NIL Comments from CAG for the Accounts of FY 2020-21 (12th year in a row) Credit Rating – Domestic ‘AAA’, In
Slide 14: Major Highlights for FY 2021-22
Major Highlights for FY 2021-22 GAIL has successfully commissioned India’s First Project for blending of Hydrogen in City Gas Station (Avantika Gas Ltd.), Indore on 31st January, 2022 GAIL’s Board accorded approval for setting up 10 MW electrolyser for producing Green hydrogen at a project cost of 2
Slide 15: Physical Performance
Physical Performance Gas Volume Trend Gas Marketing Mix Gas Transmission Mix (MMSCMD) 105 107 108 104 111 97 96 96 10% 3% 85 89 1% 14% 16% 34% 43% 8% FY22 0% FY22 9% 0% 21% 41% FY18 FY19 FY20 FY21 FY22 APM/NAPM RLNG PMT Spot Mid Term Overseas Sales RIL & BP MDP Gas Transmission Gas Marketing Petroch
Slide 16: Natural Gas Sector Wise Supply – FY21 Vs. FY22
Natural Gas Sector Wise Supply – FY21 Vs. FY22 (Total 89.20 MMSCMD, % share) (Total 96.24 MMSCMD, % share) 8.91 MMSCMD 9.69 MMSCMD 37.15 MMSCMD 44.70 MMSCMD 10% 10% 48% 43% 42% 43.14 MMSCMD 46% 41.85 MMSCMD 38% 36% 14% 22% 6% 19% 15% 20% 10% 19% 24.27 27.06 3.34 2.31 4.17 10.13 1.68 8.88 15.05 - 16.
Slide 17: Financial Performance (Standalone)
Financial Performance (Standalone) (in Rs. crore) Turnover (Gross) Gross Margin (PBDIT) 91,426 74,808 15,876 71,730 53,690 56,529 10,774 9,887 8,649 8,450 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Profit Before Tax (PBT) Profit After Tax (PAT) 13,590 10,364 9,085 7,943 6,958 6,386 6,621 6,02
Slide 18: Balance Sheet as on 31st March 2022
Balance Sheet as on 31st March 2022 (` in crore) Assets Equity & Liabilities 86,341 86,341 Non Current Current Equity Liabilities Assets Assets 55,587 30,754 71,472 14,869 Equity Share Non Current Current PPE 35,737 Other Equity Capital Liabilities Liabilities 51,147 CWIP 13,071 4,440 17,182 13,572
Slide 19: Key Financial Ratios
Key Financial Ratios PAT to Net Worth (in %) Return on Capital Employed Debt to Equity Ratio ( in %) 21 20 0.14 0.15 16 18 13 15 15 15 0.09 11 11 0.06 0.03 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Share Price (in Rs./Share) Earning Per Share (in Rs./Share) Market Ca
Slide 20: Financial Performance (Consolidated Basis)
Financial Performance (Consolidated Basis) (in ` crore) Turnover (Gross) Gross Margin (PBDIT) 92,636 18,086 75,912 72,414 12,818 54,556 57,208 11,657 10,079 8,758 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Profit Before Tax Profit after Tax 15,464 12,256 9,422 9,831 10,429 6,546 6,136 6,936 7
Slide 21: Revenue Reconciliation on Consolidated Basis - FY22
Revenue Reconciliation on Consolidated Basis - FY22 (in ` crore) Revenue Consolidated Entity Elimination (Gross) Revenue GAIL 91,646 -9,583 82,063 GGSPL 4,177 -478 3,699 GGUI 7,561 -7,473 88 TNGCL 169 - 169 GAIL GAS 6,853 - 6,853 BGCL 1 - 1 KLL 869 -869 - Consolidated Revenue 1,11,276 -18,402 92,874
Slide 22: PAT Reconciliation on Consolidated Basis - FY22
PAT Reconciliation on Consolidated Basis - FY22 (in ` crore) % Share holding as Investment (Net) Particulars FY22 on 31st Mar 22 on 31st Mar 22 GAIL 10,364 Subsidiaries 2,898 641 GAIL GAS 100% 1,648 290 GGSPL 100% 42 6 GGUI 100% 186 (14) Bengal Gas Company Limited 77% 200 (4) Konkan LNG Limited 91%
Slide 23: Capital Expenditure Profile
Capital Expenditure Profile FY 2021-22 FY 2022-23E (in ` crore) ~7,700 Cr. ~ 7,500 Cr. 810, 11% 1,603 , 21% 600, 8% 175, 2% 700, 9% 940, 12% 215, 3% 4175, 54% 342, 4% 383, 5% 298, 4% 5000, 67% Pipeline City Gas Distribution (Equity) Petrochemical E&P Equity Investments Operational Capex & Others * c
Slide 24: Actual Capex & Capital Commitment in Major Projects
(in Rs./crore) Actual Capex & Capital Commitment in Major Projects Commissi Actual Lengths of oned Approved Capital Capex up Name of Projects Pipelines Expected Completion Date length Cost commitment to (Km) (Km) 31.03.2022 Dhamra-Angul P/L 400 - 31st December 2022 1,933 1,930 1,653 Dobhi-Durgapur P
Slide 25: Industry Outlook
Industry Outlook Natural Gas Segment 25
Slide 26: Changing Global Energy Scenarios
Changing Global Energy Scenarios • Government ambitions globally have grown markedly pointing to new, increased momentum in tackling climate change. • The structure of energy demand is changing, with the importance of fossil fuels gradually declining, replaced by a growing share of renewable energy.
Slide 27: Challenges in Energy Transition
Challenges in Energy Transition • Race to Net Zero, high oil & gas prices coupled with the recent geopolitical developments has lead to a clear call to solve the dual challenges of energy security and energy transition • Experts trying to understand if this energy shock is a one-off event Or • is it
Slide 28: Global Energy Consumption - Comparison
Global Energy Consumption - Comparison Figures rounded off Region Oil Natural Gas Coal Nuclear Energy Hydro electric Renewables World 31.27% 24.70% 27.18% 4.30% 6.85% 5.69% Asia Pacific 26.47% 12.23% 47.68% 2.29% 6.47% 4.87% China 19.59% 8.18% 56.56% 2.23% 8.07% 5.36% India 28.20% 6.72% 54.83% 1.25%
Slide 29: Global LNG Trade (2021)
Global LNG Trade (2021) Net Imports grew by 5.9%, driven by big supply growth from US. Source: BP Statistical Review 2021
Slide 30: Global LNG Imports (2021)
Global LNG Imports (2021) China Surpasses Japan as World’s Top LNG Importer. Source: BP Statistical Review 2021
Slide 31: India is among the top 13 gas consuming countries globally
India is among the top 13 gas consuming countries globally 1 BCM = 2.74 MMSCMD Gas Consumption (in BCM) Share of gas in Primary Energy Top 15 Gas consuming countries globally in 2020 2020 (%) 2020 1 US 832 34.82% 2 Russian Federation 411.4 52.31% 3 China 330.6 8.18% 4 Iran 233.1 69.74% 5 Canada 112.
Slide 32: Global Energy Demand Growth From Emerging Economies
Global Energy Demand Growth From Emerging Economies Currently, China biggest driver of global energy consumption (26%) followed by US (16%), Europe (14%), Middle East (6.5%), India (5.7%) & Russia (5.1%) Going Forward :- • India’s primary energy consumption is expected to be more than double by
Slide 33: Natural gas consumption – History & Outlook
Natural gas consumption – History & Outlook Sectoral Break Up FY 2021-22 (in MMSCMD) Others, 33.72, (163 MMSCMD) Natural Gas Consumption in India (MMSCMD) 21% Fertilizer, 49.53, 30% 200 176 175 178 162 167 166 157 153 143 141 143 Refinery & 150 127 Petchem, 109 22.12, 14% 95 90 83 91 100 85 85 87 88
Slide 34: Gas infrastructure in India - One Nation-One Grid
Gas infrastructure in India - “One Nation-One Grid” Regasification… Pipelines (Km) 62 MTPA (10 terminals) LNG DBNPL 40 MTPA (6 terminals) BJSPL BGPL JHBDPL MBPL Natural Gas HVJ Int IGGL Mundra 34,600 KM Chhara Dahej Jafrabad Dhamra DHPL 19,400 KM Hazira DVPL SAGL JMPL Dabhol MBBPL 2024 2021 Jaigarh
Slide 35: City Gas Distribution – Making gas accessible to public
City Gas Distribution – Making gas accessible to public CNG Stations 4,433 10,000 DPNG 93,02,667 500,00,000 Till 2021 Mar 2022* 2030 CGD Coverage : Potential to cover ~ 88% of country’s area , ~98% of country’s population, more than 600+ districts countrywide CGD up to 10th round (228 GAs) CGD 11t
Slide 36: Petrochemical Business Outlook
Petrochemical Business Outlook India’s per capita consumption of plastics is just 11 kg vs. China per capita consumption of 45 kg. World average per capita consumption of Plastics is ~30 Kg with US consuming as high as 109 Kg per capita India’s per capita consumption is one of the lowest in Asia
Slide 37: New Initiatives
New Initiatives Pilot study for blending of green hydrogen for PNG/CNG/Industrial customers in Indore (MP) Study on technical feasibility of H2 blending in NG/ CGD network HYDROGEN India’s largest 10 MW/ 4.3 TPD electrolyser for production of green Hydrogen in Vijaipur (MP) with investment of
Slide 38: Our Touch Points
Our Touch Points For Institutional Investors For Retail Investors & Analysts Shri Sashi Menon, Shri A K Jha, Executive Director (Finance & Accounts) Company Secretary E-mail ID: sashimenon@gail.co.in E-mail ID: ak.jha2@gail.co.in GAIL (India) Ltd. 16, Bhikaiji Cama Place, R.K. Puram, New Delhi-11006