lng infrastructure in india - petronet lng limited · pdf fileunder swachh bharat abhiyan...
Post on 23-Feb-2018
230 Views
Preview:
TRANSCRIPT
DISCLAIMER
Any information contained in this presentation should not be
taken as being a representation about facts and projection or
promise of performance, whether financial, operational or
otherwise. Nothing contained in this presentation should be
considered an invitation to transact in our securities or an offer
of our securities. This presentation is made specifically for
purposes of the meeting in which this is being presented and
not for any other purpose. You may determine that such
information may be regarded as forward-looking but we
make no assurance about any projection, extrapolation or
interpretation of the same that you may make. The
information contained herein should be treated with utmost
confidentiality and not used for any purpose. You are advised
to obtain legal advice on the nature and character of the
information and on implications of being in possession of the
same.
OVERVIEW
Global & India’s Primary Energy Consumption Scenario
India’s Gas Scenario, Infrastructure
Role of LNG in India
About Petronet’s
Dahej & Kochi Terminals
New Initiatives
Performance
3
5% 6%1%
PRIMARY ENERGY CONSUMPTION (mtoe) - WORLD
Source : BP Statistical Review-June 2015
36%
23%
28%
6% 6% 1%
Oil
Gas
Coal
Nuclear
Hydro
Renewables
Year 2005
Year 2014
33%
24%
30%
4% 7%
2%
Oil
Gas
Coal
Nuclear
Hydro
Renewables 4
Fuel 2005 % 2014 %
Oil 3,901 36 4,211 33
Gas 2,501 23 3,065 24
Coal 2,982 28 3,882 30
Nuclear 627 6 574 4
Hydro 662 6 879 7
Renewables 84 1 317 2
Total 10,757 100 12,928 100
8% 5% 0%
PRIMARY ENERGY CONSUMPTION (mtoe) - INDIA
11% 5% 1%
Year 2005
Source : BP Statistical Review-June 2015
33%
9% 50%
1% 6% 1%
Oil
Gas
Coal
Nuclear
Hydro
Renewables
Year 2014
5
28%
7% 57%
1% 5%
2%
Oil
Gas
Coal
Nuclear
Hydro
Renewables
Fuel 2005 % 2014 %
Oil
120
33 181 28
Gas
32
9 46 7
Coal
184
50 360 56
Nuclear
4
1 8 1
Hydro
22
6 30 5
Renewables
2
1 14 2
Total
367
100
639 100
INDIA – A MAJOR GAS/LNG CONSUMER
15th largest gas consumer – 51bcm (~138 mmscmd)
4th largest LNG importer – 19 bcm (~51mmscmd)
Economy growing at CAGR of about 6% with similar growth in Energy Consumption
Share of Natural Gas in Indian Energy basket to increase from 7% to 20% by 2025
Despite increase in domestic gas production- dependency on imported gas to increase substantially
Pipeline network- developing into a national grid- needs to grow faster, connecting new markets
Source : BP Statistical Review June 2015 & Vision 2030, Natural Gas Infrastructure in India
SECTOR WISE PROJECTED GAS DEMAND (mmscmd) Sector 2015-16 2016-17 2019-20
Power 139 157 202
Fertilizer 72 97 106
City Gas 18 22 36
Industrial 25 27 35
Petchem/ Refineries / Internal Cons. 44 47 54
Sponge/ Iron/ Steel 8 8 10
Total Realistic Demand 307 358 443 0
50
100
150
200
250
2015-16 2016-17 2019-20
Power
Fertilizer
City Gas
Industrial
Petchem/ Refineries / Internal Cons. Sponge/ Iron/ Steel
6
CURRENT GAS DEMAND & DOMESTIC SUPPLY SCENARIO
Large demand for gas – but extremely price sensitive
111 121
157 172
307
358
442
625
713.5
0
100
200
300
400
500
600
700
800
900
1000
2015-16 2016-17 2019-20 2026-27 2029-30
Demand Domestic Supply
212
7
India Shipping Summit 2013
Ennore
Mundra
Existing P/L Network : 16200 KMS (430 MMSCMD)
Proposed additional P/L Network : 15000 KMS
Under Construction : 8000 KMS (400 MMSCMD)
Kakinada
8
LNG IN INDIA
“Vision 2030, Natural Gas Infrastructure in India” envisaged
a GDP growth of 6%
Current GDP growth of about 6-7%translates into overall
energy demand growth at CAGR of 6-7%
Given India’s growing energy requirements & unlikelihood of
matching increase in the domestic supplies, the import
dependence is only going to accentuate sharply in the coming
years
LNG Regas Capacities
Presently, India’s LNG import capacity is around 23.0
mmtpa through 4 terminals & meeting more than 35% of
total gas supply of the Country
9
PETRONET LNG LIMITED
Incorporated on April 2, 1998
Authorized Capital Rs.1200 Crore
Paid up capital Rs.750 Crore
Commencement of Commercial Operations - April, 2004
Equity
50% held by Oil & Gas PSUs (BPCL, GAIL, IOC & ONGC)
10% held by ENGIE
12.50%
12.50%
12.50%
12.50%10%
40%Public &
FIIs
10
TOWARDS THE VISION
(US$ Million)
Vision
To be a key energy provider to the nation by leveraging unique position in the LNG value-chain with international presence
Create and manage world-class LNG infrastructure
Continue excellence in LNG business
- Focus on higher capacity utilization and better operational efficiencies
- Diversify LNG sources
Diversify business
- City-gas distribution/ direct marketing
- Air Separation Unit
- Solid cargo port at Dahej
- Wind Energy
Maintain highest standards of business ethics
Business Strategy
Revenue growth 24% EBITDA growth 10%
0
1000
2000
3000
4000
5000
6000
7000
1102 1311
1686
2130
2639
4539
5827
6291 6583
137 184 196 189 257 383
408 264
266
Revenue
EBIDTA
11
DAHEJ LNG TERMINAL
Located at Dahej in Gujarat in the Gulf of Cambay Commencement of Operations in 2004
LNG Cargoes unloaded : 1400+
7.50 mmtpa LNG imported from Qatar under long term contract
Terminal meets almost 30% of India’s gas requirement
Truck Loading facility can handle 3000 loadings/ yr.
Offering tolling services to Offtakers & Bulk customers
Capacity expansion to 15 mmtpa (provision for 20 mmtpa)
Expanded Capacity contracted with GAIL, GSPC, IOCL & BPCL
In principle Board approval for further expansion to 17.5 MTPA received. Tender for EPC Contracts floated.
Second Jetty Commissioned in April, 2014
Scheduled Completion December, 2016
Capacity (mmtpa)
2004 5.0
2009 10.0
2016 15.0
12
LNG Terminal located in Special Economic Zone
Terminal commissioned in September, 2013
Capacity 5.0 mmtpa
Long term contract of 1.44 mmtpa LNG from Exxon Mobil’s Gorgon Project (Australia) – supply to commence by end 2015 - back to back GSA with GAIL, IOCL and BPCL
Time Charter Party for 4th vessel selected
Currently operating at very low capacity in absence of major part of the pipelines connecting Tamil Nadu, Bangalore & Mangalore markets
Truck loading facility– supply commenced
Bunkering, reload and cool down services also initiated
KOCHI LNG TERMINAL Search eallint304576f8304576f800
18
24 24
KOCHI PIPELINES
BANGALORE
MANGALORE
KOOTTANAD
KOCHI
COIMBATORE
SALEM
KRISHNAGIRI
KOZHIKODE
KANNUR
KASARGOD
ERODE
TIRUPPUR
KAYAMKULAM
States: 03 Districts:17
No decision Delayed Completed
24
NEW TERMINAL AT EAST COAST
Proposed Capacity : 10 mmtpa
Initial Capacity : 5 mmtpa
Location: Gangavaram, Andhra
Pradesh
DFR, FEED and various other pre-
project activities completed
All approvals received
Estimated Project cost: USD 750 Million
Gangavaram
25
Gangavaram
Port
LNG terminal to be developed as SPV with GPL as partner
MOEF has accorded Environmental and CRZ Clearance; State Government approval received
5 mmtpa onshore terminal proposed to be commissioned in 2017
Facilities to include 2 Storage tanks, marine & regasification facilities
Understanding reached for connectivity with East West & Mallavaram-Bhilwara pipelines. In discussions with Kakinada - Srikakulam Pipeline
Actively working on Customers tie up
GANGAVARAM TERMINAL Search eallint304576f8304576f800
26
ASSOCIATED BUSINESSES
Petronet aims to diversify to further strengthen its business profile
DIRECT MARKETING
DAHEJ CARGO PORT
Joint development of Solid Cargo
Port along with Adani Group
Strategic location
Bulk /break bulk and also project
cargo
LNG to coastal consumers - small
LNG vessels
By road – satellite stations
Direct marketing – bulk
consumers
City gas distribution
WIND FARM
Setting up a wind farm of 40
MW in Gujarat
Captive consumption
Power cost optimisation
KOCHI - SERVICES
International Companies bring LNG, store
for a period and take it back
LNG Vessels to be provided services of
cool down and gassing up for warm
vessels
Vessels running on LNG as fuel to be
provided bunkers
28
PERFORMANCE GRAPH
2
179 212
270 330
373 447
587
742
831
948
0
100
200
300
400
500
600
700
800
900
1000 Net Worth USD Million
Exchange Rate 1 US$ = INR 60
1102 1311 1686
2130 2639
4539
5827 6291
6583
2654
0
1000
2000
3000
4000
5000
6000
7000
Turnover USD Million
290 322 321
400 440
548 524
494 533
288
0
100
200
300
400
500
600
Sales/ Service TBTU
63
95 104 81
124
212 213
119
147
83
0
50
100
150
200
250 PAT USD Million
29
FINANCIAL PARAMETERS
Year EPS (USD) P/E D/E
2006-07 0.08 23.99 1.08
2007-08 0.13 11.15 0.97
2008-09 0.14 11.62 1.15
2009-10 0.11 5.75 1.12
2010-11 0.17 15.19 1.20
2011-12 0.28 9.29 0.93
2012-13 0.31 8.83 0.68
2013-14 0.16 14.75 0.66
2014-15 0.20 14.52 0.45 30
0.54
0.92
1.24
0.94
1.46
0.80
1.64
2.46
3.02
2.22
2.83
3.13
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
2004 05 06 07 08 09 10 11 12 13 14 Current
Market Price USD
PERFORMANCE BASED ON EMPLOYEE PARAMETERS 2014-15 2013-14 2012-13 2011-12
Number of Employees 461 427 397 309
Turnover/ employees (USD Million) 14.28 14.73 13.21 12.35
Profit Before Tax / Employee (USD Million) 0.35 0.53 0.80 0.93
Profit after Tax/employee (USD Million) 0.32 0.28 0.48 0.58
Employee Benefit Expenses (USD Million) 9.51 7.77 6.16 5.99
Employee Remuneration cost (as % of Profit) 6.46% 6.55% 3.22% 2.83%
A Snapshot of our Human Capital
Attrition rate: 2014-15 : 4.5 % Exchange rate taken at 60 INR
Training & Development : 6.2 Mandays / Employee
Human Capital Skill Set Others
Location Male Female
Delhi 74 20
Professional : 224 71% of the professionals are of Technical background as opposed to 29% Non Technical Tech: 160 Non Tech: 64
Dahej 227 6 Technician/Operators: 176 Average Age: 34 .6(44% employees in 31-40 years age)
Kochi 132 2
Office Support : 35 (Receptionist/Assistant) Average years of association of employees
with Company 5.3 years Support Staff: 26 (Attendant/Driver/Caretaker)
31
Ratings & Ranking:
Moody’s International Rating Baa3
Rated AA+ by CRISIL, India Ratings &
ICRA
36th rank Fortune India 500 (2013-14)
43rd Rank in BW500(2013-14)
36th rank in ET (2012-13)
109th Largest Company & 214th most
Profitable Company in Plimsoll Global
Analysis on Global Crude Oil & Gas
Extraction Industry ranking
Certificate of Appreciation from US
Environment Protection Agency for
maintaining low methane emissions
RATING AND RECOGNITION
32
CSR – PARTNERING WITH COMMUNITY – DAHEJ
Participative community development programmes with State Govt. in Luvara & Lakhigam villages
Health & Sanitation
Potable drinking water/water harvesting/laying of water pipelines/ storm water drainage/solar street
lights
Preventive and social medicine aids (includes Primary Health Centre & ambulance)
Education and Employment generation programs
Sponsored laboratory to facilitate science stream education in school in Dahej
Indirect employment for local villagers in the area of Housekeeping & Horticulture
Community Development
Under Swachh Bharat Abhiyan sponsored Waste Management Vehicles in Bharuch
Construction of toilet blocks in schools in adjoining five villages & 172 household toilets in Luvara
village to achieve 100% sanitation
Massive mangrove plantation to cover 1000 hectares by 2015-16 in consultation with Gujarat Ecology
Commission/Forest Department
Sponsored installation of my PET waste recycling machine at Ahmedabad Railway Station, Bharuch
33
Developing Infrastructure Facilities for displaced persons at RMP Todu Canal – Kalamukhi Junction Rehabilitation
Area in Puthuvypeen
Sponsored the distribution of books and other study material to nearly 70 schools of the area benefitting 22,000
students
Conducted Eye Screening & Cataract Operation & Dental Camp for Puthuvypeen & neighboring villages
Sponsored purchase of Patient Transport Vehicle for cataract operations
Concreting & metalling of roads, side protection & repair/construction of culverts, footpaths in Puthuvypeen village
Installation of 65 Solar powered high mask lights in Puthuvypeen
Under Swachh Bharat Abhiyan adopted & constructed 120 toilet blocks in 75 schools in Assam, 8 schools in
Erankulam District & 1 school in Delhi NCR.
CSR – PARTNERING WITH COMMUNITY – KOCHI & OTHER PLACES
34
top related