Oil & Natural Gas Corp. Ltd. · NSE:ONGC
Oil & Natural Gas — Investor Presentation (April 2023)
40 slides from Oil & Natural Gas's investor presentation, Apr 17, 2023
Slide 1: Corporate Presentation
Corporate Presentation 15th April 2023
Slide 2: Disclaimer
Disclaimer • This presentation does not provide individually tailored advice but is an effort to express views that may be considered debatable, and may not conform to different views on the topic and does not contain any information of strategic nature emerging from the ONGC group of Companies. • T
Slide 3: ONGC: Setting New Standards
ONGC : Setting New Standards ₹ 1,103.5 billion ₹ 403 billion 3 Women Directors ₹ 27.4 billion in last 5 years ~ ₹1,800 billion Highest Ever Most Gender Diversified Revenue & Profit ~ ₹ 2,005 billion Maharatna Board Leader in CSR spending Highest Market Cap 25% of Total Networth Among CPSEs among all
Slide 4: Presentation Overview
Presentation Overview 1. ONGC Group 2. Standalone Performance 3. Growth Pursuits 4. Responsible Corporate 5. Subsidiaries & JVs
Slide 5: ONGC Group
ONGC Group Integrated Energy Company: Expanding Footprints in Energy Business Refinery* / Services / Upstream VAP LNG Power Renewables Petchem Others 38 MMTPA / ~ 56 MMTOE 4.2 MMTPA ~ 3,100 KTA 22.5 MMTPA 726 MW ~ 348 MW (49%) (12.5%) (49.996%) (71.63%) (50%) (50%) (100%) (49.36%) * (26%) * (49.98%)
Slide 6: Assets, Basins & Plants
Assets, Basins & Plants ONGC has cumulatively produced ~2,000,000,000 tons of Oil and Gas in India Rajasthan Assam Asset RKOEA Asset Basin Mehsana Asset Jorhat Asset MBA Basin Ahmedabad Asset Assam & Cambay Assam Arakan Basin Basin Ankleshwar Asset Silchar Asset Bokaro Asset Cambay Asset (CBM) Tripu
Slide 7: ONGC Group: Resilient Performance in FY'22
ONGC Group: Resilient Performance in FY’22 2P Reserves Oil & Gas Production • Oil & Gas production of • Estimated 2P O+OEG Reserves on Group, including PSC-JVs and PRMS basis 1,221.48 55.72 from overseas Assets ONGC : 710.19 MMTOE MMTOE JV Share : 16.42 MMTOE MMTOE • ONGC contributed ~68% to India’s
Slide 8: Resilient Consolidated Performance
Resilient Consolidated Performance FY ’21 FY’22 9M FY’23 Parameter (₹ Billion) (₹ Billion) (₹ Billion) Total Income 3,697.96 5,392.00 5,261.74 (Revenue + Other Income) EBITDA 588.05 873.11 599.42 PAT 213.60 492.94 270.76 Total Debt 1,190.61 1,077.75 1,328.88 Total Equity (includes minority 2,425.97
Slide 9: Robust Capital Structure
Robust Capital Structure Consolidated Total Debt to Equity Ratio 0.52 0.49 0.48 0.46 0.38 2017-18 2018-19 2019-20 2020-21 2021-22 Debt to Equity Ratio Standalone Borrowings Came Down From Peak of ₹ 255.93 billion in FY18 To ₹ 63.97 billion in FY22 9
Slide 10: Strong Credit Ratings
Strong Credit Ratings DOMESTIC Long Term AAA AAA AAA Short Term A1+ A1+ A1+ INTERNATIONAL Baa3 BBB- BBB- 10
Slide 11: Presentation Overview
Presentation Overview 1. ONGC Group 2. Standalone Performance 3. Growth Pursuits 4. Responsible Corporate 5. Subsidiaries & JVs
Slide 12: FY'23: Highlights
FY’23 : Highlights Notified 8 new discoveries, Monetized 3 discoveries Exploration Added one more basin : Commercial potential of Vindhyan Basin through Hatta#3 Accelerated Exploration : Bagged 85% of blocks in OALP Round VI & VII : 43,494 Sq. km • Wells drilled : 434 wells (78 Exploratory & 356 Dev
Slide 13: ONGC: Physical Performance
ONGC : Physical Performance Value Added Products (KT) Oil & Gas Production (MMToE) 3120 3089 45.35 43.39 2597 42.84 22.82 21.68 21.35 22.53 21.71 21.49 FY'21 FY'22 FY'23 FY'21 FY'22 FY'23 Oil Gas Provisional for Fy’23 13
Slide 14: ONGC: Physical Performance
ONGC : Physical Performance 2P Reserves (MMTOE) Drilling (No. of Wells) 748 752 721 710 500 480 461 106 434 403 407 100 85 394 383 78 394 380 376 356 345 345 326 327 FY'19 FY'20 FY'21 FY'22 FY'20 FY'21 FY'22 FY'23 Oil Gas Exploratory Development 14
Slide 15: ONGC: Financial Performance
ONGC: Financial Performance Gross Revenue (₹ Billion) PAT (₹ Billion) 1,192.25 1,103.45 403.06 390.77 681.41 112.46 FY'21 FY'22 9M FY'23 FY'21 FY'22 9M FY'23 Provisional for Fy’23 15
Slide 16: ONGC: Financial Performance
ONGC: Financial Performance EPS (₹ ) Dividend Per Share (₹ ) 32 10.50 *10.75 25 5.00 11 9 3.60 FY'20 FY'21 FY'22 9M FY'23 FY'20 FY'21 FY'22 9M FY'23 *- Based on interim Dividend 16
Slide 17: Presentation Overview
Presentation Overview 1. ONGC Group 2. Standalone Performance 3. Growth Pursuits 4. Responsible Corporate 5. Subsidiaries & JVs
Slide 18: ONGC Discovered 8 out of 9 Basins of India
ONGC Discovered 8 out of 9 Basins of India 1958: Cambay Basin 1889: Assam Shelf* 1973: A&AA FB 1967: Rajasthan Basin 1980: KG Basin 1974: Mumbai Offshore 1985: Cauvery Basin 2022: Vindhyan Basin # 2018: Bengal Basin Focus On Bringing More Basins On Production Map Of India In Next 3 - 4 Years * By AR
Slide 19: Exploration Growth
Exploration Growth Goal Acreage: 5 lakh SKM (2.5 x) Survey : 40,000 SKM Capex: Rs 400 billion 24-25 Acreage : 3 lakh SKM Accretion: 240 MMToE Survey : 20,000 SKM Capex : Rs 200 billion Acreage : 4 lakh SKM 23-24 Survey : 30,000 SKM Capex : Rs 300 billion 22-23 Where we are Acreage: 2.10 lakh SKM Sur
Slide 20: Production Growth
Production Growth Major Dev & IOR Projects Gain from EOR Efforts: (26 MMT by 2040) Capex: Rs 694 billion Life Cycle Gain: 136 MMToE Low Salinity Water Flood, Western Offshore GAGD, Kasomarigaon Bechraji Polymer 47.612 6.1% 44.884 42.371 11.6% 40.455 40.220 -4.5% -0.6% 26.086 23.621 22.097 20.910
Slide 21: Outreach Initiative
Outreach Initiative ONGC initiated proposal by inviting 15 international oil companies for strategic collaboration, offering below opportunities: ~ 23 BToe of prognosticated resources in Category - I Basin Opportunities Deepwater Exploration and Production Category - II & III less explored B
Slide 22: New Areas of Collaboration/Partnership
New areas of Collaboration/ Partnership E&P Concepts : Beyond Oil & Gas : Exxon Mobil Chevron Equinor Total Energy GreenKo Shell SA Exploration UT Austin Co-creation Operations : Schlumberger AI & and ML: Halliburton Tachyus Beicip Franlab S4 HANA GCA PWC DCoE 22
Slide 23: Presentation Overview
Presentation Overview 1. ONGC Group 2. Standalone Performance 3. Growth Pursuits 4. Responsible Corporate 5. Subsidiaries & JVs
Slide 24: Energy Transition and Green Energy
Energy transition and Green Energy Goal 10 GW Capex : Rs. 1000 Billion 2030 5 GW Enablers LAQ in states Favorable policies / clearances How 5 GW in Rajasthan (MoU signed) VGF for offshore wind 5 GW being scouted Offshore wind MoU with Norway’s Equinor 22-23 MoU with GreenKo for 1 MMT
Slide 25: ONGC: ESG Practices
ONGC: ESG Practices Commitment towards Climate, Society and Ethical work practices ENVIRONMENT SOCIAL GOVERNANCE Committed for conserving Climate Committed to Social welfare & inclusion Committed to Integrity and ethical practices • Regular Greenhouse Gas (GHG) inventory • One of the first companies
Slide 26: Corporate Social Responsibility
Corporate Social Responsibility Leader in CSR Spending Avg. CSR Expenditure > ₹ 5 billion every year Total spend in last 5 yrs. > 27 billion . 8 CSR Spend (₹ Billion) 6.2 6.1 6 5.5 5.0 4.6 4 2 ONGC promotes healthcare, preventive healthcare, education & skill development, 0 women empowerment& reduci
Slide 27: Presentation Overview
Presentation Overview 1. ONGC Group 2. Standalone Performance 3. Growth Pursuits 4. Responsible Corporate 5. Subsidiaries & JVs
Slide 28: Global Footprints of ONGC Videsh
Global Footprints of ONGC Videsh 32 projects in 15 Discovered/ Producing: 14 Exploration: 11 Pipeline: 3 countries Developing: 4 Russia BU Russia 3 LAC BU Venezuela 1 1 AP BU Brazil 1 1 Vietnam 1 1 Myanmar 2 2 2 Bangladesh 2 Colombia BU Colombia 3 1 MENA-CIS BU MOZAMBIQUE BU Syria 1 1 Libya 1 Mozamb
Slide 29: ONGC Videsh: Performance
ONGC Videsh: Performance 2P Reserves (MMTOE) Oil and Gas Production (MMTOE) 587 490 495 13.04 12.32 347.915 10.18 4.53 4.23 300.01 302.05 3.83 8.51 8.09 239 6.35 190 193 FY'20 FY'21 FY'22 FY'21 FY'22 FY'23 Gas (BCM) Oil (MMT) Gas Oil * PRMS adopted from FY’21 Turnover (₹ Billion) PAT (₹ Billion) 173
Slide 30: ONGC Videsh: FY'23 Highlights
ONGC Videsh : FY’23 Highlights CPO-5 Block (Colombia): Completed drilling of 6 wells in CPO-5, Colombia and production level touched 25,000 barrels during the year BM-SEAL-4 (Brazil): FDP submitted to Regulator on 01.11.2022 Lower Zakum, Abu Dhabi: Execution of 34” subsea New Main Gas Line in progre
Slide 31: Hindustan Petroleum Corporation Ltd. (HPCL)
• Hindustan Petroleum Corporation Ltd. (HPCL) A Maharatna Schedule “A” CPSE 20,025 retail outlets, # 1 Lube Marketer & # 2 LPG marketer of India Commissioned: • 1,391 new retail outlets • 2 New LPG plants • 51 new LPG distributorships • CNG dispensing facilities at 413 retail outlets • 927 EV chargi
Slide 32: HPCL: Performance
HPCL: Performance Throughput (MMT) GRM($/BBL) 16.42 11.40 14.13 7.19 13.97 3.86 FY'21 FY'22 9MFY23 FY'21 FY'22 9MFY23 Gross Sales (₹ Billion) PAT (₹ Billion) 3726 3517 2692 106.6 63.8 FY'21 FY'22 9M FY'23 FY'21 FY'22 9MFY23 (122) Provisional for Fy’23 32
Slide 33: Mangalore Refinery & Petrochemicals Ltd. (MRPL)
Mangalore Refinery & Petrochemicals Ltd. (MRPL) 14 new Retail Outlets commissioned in 2021-22 and further 2 in the current fiscal. With this, MRPL has 35 outlets in operation BS-VI facilities and Desalination Plant commissioned in 2021-22 Marketing Terminal in Devangonti (near Bengaluru) under imple
Slide 34: MRPL: Performance
MRPL : Performance Throughput (MMT) GRM ($/BBL) 15.05 8.72 12.72 8.00 11.5 3.71 FY'21 FY'22 9M FY'23 FY'21 FY'22 9M FY'23 Gross Sales (₹ Billion) PAT (₹ Billion) 953.34 860.64 29.58 507.96 7.30 FY'21 FY'22 9M FY'23 FY'21 FY'22 9M FY'23 Provisional for Fy’23 -7.65 34
Slide 35: ONGC Petro Additions Ltd. (OPaL)
ONGC Petro Additions Ltd. (OPaL) A Joint venture with GAIL & GSPC Overall capacity utilisation during FY’22 : 95%. Sold 1.82 Million tons of Polymers and Chemicals Revenue from Operation in FY’22 : ₹ 160.48 Billion EBIDTA for FY’22 : ₹ 25.61 Billion One of the Largest Dual Feed Crackers in the world
Slide 36: ONGC Tripura Power Company Ltd. (OTPC)
ONGC Tripura Power Company Ltd. (OTPC) A Joint venture with Govt. of Tripura 4,124 Million Units of power generated Plant Availability Factor at 65% (unit I under planned shutdown for annual inspection for 104 days) Revenue from Operation: ₹ 12.63 Billion; PAT: ₹ 1.07 Billion 726.6 MW (363.3x2) Comb
Slide 37: Petronet MHB Limited (PMHBL)
Petronet MHB Limited (PMHBL) FY 22 Highlights FY 22 : Throughput 2.841 MMTPA Revenue : ₹ 1.28 Billion PAT : ₹ 0.60 Billion Mangalore – Hassan – Bengaluru JV pipeline (362.3 Km) transporting products from MRPL to OMCs hinterland of Karnataka in cost effective and environment friendly manner. 37
Slide 38: Indradhanush Gas Grid Limited (IGGL)
Indradhanush Gas Grid Limited (IGGL) A Joint venture with Shareholding - ONGC-20%, IOCL-20%, GAIL-20%, OIL-20%, NRL-20% Indradhanush Gas Grid Limited (IGGL) incorporated on 10th August 2018 Implementing Northeast Gas Grid (NEGG), 1,656 Km long natural gas pipeline grid spanning across all North-East
Slide 39: National and International Recognitions
National and International Recognitions Certified as a Great Place #14 in Top 250 Global # 190th globally and to Work : 3rd year in 2022 # 229 globally and Energy Company # 4th in India in Fortune #404 in Forbes Worlds, # 5 in India in Forbes India's Best Rankings 2022 Global 500 List 2022 Best Empl
Slide 40: Thank You
धन्यवाद Thank You
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