Bharat Petroleum Corporation Limited · NSE:BPCL
Bharat Petroleum — Investor Presentation (June 2020)
28 slides from Bharat Petroleum's investor presentation, June 2020
Slide 1: Bharat Petroleum Corporation Limited Investor Presentation
Bharat Petroleum Corporation Limited Investor Presentation June 2020 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 25 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 275 Ranking on Fortune 500- 2019 global list 2nd over 43.10 MMT and Market share of 22% during FY20 India’s 3rd largest in terms of Refining Capacity 44th Rank on Platt’s Top 250 Global Energy 3rd (
Slide 6: BPCL Year Key Physical Indicators
BPCL 5 Year Key Physical Indicators REFINING CAPACITY MARKET SALES (MMT) Market Capitalization (MMT) (INR billion) 43.07 43.10 38.30 38.30 939.79 36.50 927.25 41.21 833.65 30.50 30.50 685.05 653.9 37.68 36.53 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 Entire throughpu
Slide 7: BPCL Evolution
BPCL Evolution 7 GoI acquired Burmah Shell BPCL and GAIL BPCL entered the LNG Entered into Kochi Refinery CCR1 unit at Formation of Bharat Gas Refineries. Name changed formed a JV, IGL, for market by signing a upstream business capacity Mumbai Resources Limited for focus to BPCL in 1977 distribution
Slide 8: Major Subsidiaries, JVs & Associates
Major Subsidiaries, JVs & Associates Subsidiaries Joint Ventures & Associates City Gas Aviation Upstream Refining Refining Pipelines Trading Activities Distribution Services 100.00% 61.65% 50.00% 50.00% 50.00% 50.00%* 22.50% Bharat Oman Kochi Salem Bharat Stars Indraprastha Gas Matrix Bharat Pte Ref
Slide 9: 2. Business Overview
2. Business Overview 9
Slide 10: Asset Portfolio
Asset Portfolio Refining 9 Countries 25 Blocks 25+ Global Partners Upstream Upstream Russia, Brazil, Mozambique, UAE, Indonesia, Australia, 26 Exploration DiscoveriesTotal, ENI, ONGC, Rosneft, Mitsui, OIL, Japan Presence East Timor, Israel, India Energy, ADNOC, Petrobras etc. E&P Downstream Midstrea
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 25.70% market 25.90% market Currently 8,000+ 25.10% market 21.20% market 50+ major LNG 38.3 MMTPA share1 share1 customers share1 in ATF
Slide 12: Refining Coverage
Refining Coverage Installed Capacity Refining Throughput Refining Capacity 45.00 40.00 36.76* 38.29* BORL Mumbai – 12 34.70* 35.00 2.85 4.00 MMTPA 29.84* 31.25* 3.35 2.38 NRL 2.90 30.00 3.18 2.81 3.20 2.68 Kochi – 15.5 25.00 2.52 14.78 15.14 MMTPA 14.29 20.00 13.41 13.60 15.00 BORL – 7.8 10.00 MMTPA
Slide 13: Bharat Oman Refineries Limited (BORL)
BORL Bharat Oman Refineries Limited (BORL) – BPCL Interest 50%* with 7.8 MMT Refining capacity at BINA State of art technologies - High Nelson Complexity Index 11.5 Associated Facilities – SPM, Crude Oil Terminal, 937-km cross • Processed 19 types of crudes country crude oil pipeline from Vadinar
Slide 14: Numaligarh Refinery Expansion Plans
Numaligarh Refinery Expansion Plans Capacity expansion from 3 to 9 MMTPA Total Project Cost of Rs.22,594 crores Integrated with an 8 MMTPA 1,398 km crude pipeline from Paradeep to Numaligarh Numaligarh Refineries Limited Integrated with a 6 MMTPA 650 km product pipeline from Numaligarh (NRL) –
Slide 15: Marketing Operations and Efficiencies
Marketing Operations and Efficiencies SBU Market Sales (MMT) LPG Bottling Capacity (TMTPA) 5000 4590 4212 3687 3957 45.00 36.53 37.68 41.21 43.07 43.10 4000 3363 40.00 3000 35.00 2000 30.00 27.30 26.97 1000 26.60 25.00 25.25 0 25.38 FY16 FY17 FY18 FY19 FY20 20.00 15.00 0.24 0.30 0.32 10.00 0.32 0.29
Slide 16: Ongoing Projects
Ongoing Projects Kochi Refinery – MS Block Project for BS VI grade gasoline and Maximization of Naptha to Retail Infrastructure: POL gasoline Terminal with Railway Siding at Pune, Gulbarga, & Coastal LPG import terminal at Haldia, terminal at Krishnapatnam West Bengal Bina Kanpur Product Pipeline &
Slide 17: Upcoming Projects
Upcoming Projects Investments in Mozambique – FID sanctioned UPSTREAM BPCL has been awarded 11 GAs in 9th round and 2 GAs in 10th round of bidding INVESTMENTS IN GAS Expansion of marketing infrastructure across all business verticals including around 2500 new retail MARKETING INFRASTRUCTURE outlets
Slide 18: CAPEX Strategy
CAPEX Strategy BPCL Evolution 109.93 110.64 120.00 4.04 6.11 100.00 1.60 - 1.66 11.51 80.76 80.00 45.66 7.54 INR Billion 3.50 48.43 8.00 60.00 15.75 30.70 40.00 16.84 8.37 20.00 41.46 27.51 22.65 - FY19 FY20 FY21 Refineries Petrochemicals Marketing Investments in Exploration Investments in Gas Other
Slide 19: Financial Performance
Financial Performance Net Worth (INR Billion) PROFIT AFTER TAX (INR Billion) CAPITAL EMPLOYED 367.38 341.31 332.14 80.39 79.76 296.68 450 426 900 71.32 400 367 773 800 341 350 332 700 297 648 300 580 600 INR BN INR BN 250 240 500 200 446 400 184 150 178 300 100 200 21.85 50 100 - 0 FY17 FY18 FY19 FY
Slide 20: 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 2013 Onshore Operatorship Entry in Lower – Abu Dhabi 2012 Declaration of Zakum Mozambique Commerciality FID 2011 Russian approved in Acquisition Operatorship Schedule B block 2010 Lead operator
Slide 21: Upstream - Global Spread
Upstream - Global Spread 2 TYNGD Russia 2 Vankorneft 4 Cauvery Basin* 3 Rajasthan Basin India 3 Cambay Basin** 2 Assam-Arakan Production 3 Mumbai Basin Appraisal / Indonesia 1 Nunukan Development Exploration Israel 1 Block 32 1 Lower Zakum UAE 1 Onshore 1 Mozambique 1 Area 1 * 1 block in in Cauvery
Slide 22: Global Upstream Footprint
Global Upstream Footprint Partnership with established Oil and Gas operators expected to generate optimal returns for BPCL. Within India Brazil Australia and East Timor BPCL BPCL Exploration Block Operator Partners BPCL Exploration Block Operator Partners Stake Exploration Block Operator Partners St
Slide 23: Meet the Leadership Team
Meet the Leadership Team N Vijayagopal R Ramachandran D Rajkumar Arun Kumar Singh K Padmakar Director (Finance) Director (Refineries) Chairman & Managing Director Director (Marketing) Director (HR) • Vast experience of 32 • Over 34 years of industry • He has been acclaimed • Over 34 years of • Over
Slide 24: Awards Galore
Awards Galore Best Public Sector Organisation 20181 PRSI CII Leadership in HR Excellence Award. Largest Corporate Brand Engagement Programme In Asia. Best Project Management Company 20182 Excellent Corporate Governance 20183 Best Oil Marketing Company 2019 Leaders in Sustainability 4.0 award- Frost
Slide 25: 3. Industry Overview
3. Industry Overview
Slide 26: India – Attractive Industry Dynamics
India – Attractive BPCL Evolution Industry Dynamics Significant potential for domestic O&G companies given low per-capita oil consumption and growing demand. Oil: Consumption in thousands Per Capita Oil Consumption of barrels per day* bbl/day per 1,000 People 1449 83.5 Singapore 1419 FY19 28.3 24.9
Slide 27: 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 28: Thank You
BPCL Evolution Thank You 28