performance 2007-08
DESCRIPTION
Performance 2007-08. Press conference New Delhi, 28th May 2008. Covers…. Highlights 2007-08 Performance Physical Financial Group companies Open Forum. Highlights 2007-08. Indian Oil Group of Companies. Highlights 2007-08 Performance against odds. Turnover Rs. 2,47,479 crore - PowerPoint PPT PresentationTRANSCRIPT
Performance 2007-08
Press conference New Delhi, 28th May 2008
22
Covers…
Highlights 2007-08
Performance
Physical
Financial
Group companies
Open Forum
Highlights 2007-08
IndianOil Group of Companies
44
Highlights 2007-08Performance against odds
Turnover Rs. 2,47,479 crore
Profit After Tax : Rs. 6963 crore
Highest ever product sales
Highest ever throughput of refineries and
Pipelines
Refineries surpassed 100% capacity utilization
Consolidated petrochemical business
55
Highlights 2007-08Performance against odds
IBP Petroleum business integrated with IOC
Marketing Division following its merger on 2nd May
2007
SERVO lubricants exports grew by 56%; Footprints
extended to Indonesia, Vietnam, Nigeria and Oman
Moved up 18 places to 135 in ‘Fortune Global 500’
listing in 2007
20th largest petroleum company of the world
PerformanceScaling new heights
IndianOil Group of Companies
77
RefiningRaising the bar
38.5
47.4
44.0
2005-06 2006-07 2007-08
14%
7.7%
Throughput Throughput (Million Tonnes)(Million Tonnes)
Capacity Utilization (%)
Highest-ever Throughput in 2007-08
93.1%
98.3%100.1%
88
RefiningImproving margins
Highest ever high sulphur crude oil processed - 48.8%
against previous high of 43.7%
Processed 9.4% heavy crude oil against 3% in 2006-07.
New facilities at Mundra Port for handling heavy crude oil and
blending heavy and light grades
Sharing of feedstock & intermediates among group refineries
for maximizing capacity utilization & value addition
Lowest energy consumption of 67 MBN* vis-à-vis 71 MBN in
2006-07
* An energy index defined as Mbtu/Bbl/NRGF
99
PipelinesUnderground highways
27.332.4 35.8
18.019.3
21.3
2005-06 2006-07 2007-08
45.3 14%51.7
57.1
10.5%
Crude Oil
Products
ThroughputThroughput(Million Tonnes)(Million Tonnes)
Highest-ever Throughput in 2007-08
Crude blending facilities commissioned at Mundra Port to improve refining margin
1010
MarketingFuelling the economy
1.3
1.5
1.7
53.4 57.6
46.2
2005-06 2006-07 2007-08
47.5
54.8
15.4%
8.1%
59.3
Products
Gas
Domestic SalesDomestic Sales(Million Tonnes)(Million Tonnes)
Highest-ever Sales in 2007-08
1111
MarketingReaching out, touching lives
Thrust on KSKs continued with commissioning of 727 KSKs out of 1187 ROs opened during 2007-08, taking their total number to 2050 out of 17642 ROs
Enrolled 37 lakh new Indane customers, taking total strength to over 504 lakh
Opened 4 new Aviation Fuel Stations, with their number reaching 101
352 Bulk consumer pumps added during 2007-08, their number growing to 7140
1212
Over 34,000 marketing touch points (55.5 % of Industry)
Petrol/Diesel Outlets17,642 (47.7%)
Including 2050 KSKs
Petrol/Diesel Outlets17,642 (47.7%)
Including 2050 KSKs
LPG Distributorships4,996 (53.3%)
LPG Distributorships4,996 (53.3%)
Bulk Consumer Pumps
7,140 (88.3%)
Bulk Consumer Pumps
7,140 (88.3%)
LPG Bottling Plants89 (49.7%)
LPG Bottling Plants89 (49.7%)
SKO/LDO Dealerships
3,963 (63.7%)
SKO/LDO Dealerships
3,963 (63.7%)
Terminals/Depots166 (43.6%)
Terminals/Depots166 (43.6%)
Aviation Fuel Stations
101 (67.3%)
Aviation Fuel Stations
101 (67.3%)
As on 1.4.2008
MarketingReaching out, touching lives
(Figures in brackets indicate % share in the Industry)
1313
Branded fuels XTRAPREMIUM and XTRAMILE registered growths of
89% and 65% respectively vis-a-vis previous year
XTRAPREMIUM introduced in 2838 new outlets,
extending availability to 7071 ROs
XTRAMILE introduced in 2245 new outlets, making it
available in 10477 ROs
….maintaining leadership
MarketingPremium offerings
1414
Branded services XTRAcare outlets – providing value added services,
increased from 1052 to 1994
SERVOXPRESS launched as one stop shop for auto
care services – from 3 in 2006-07 to 161 in 2007-08
XTRAPOWER Fleet Card : 13.8 lakh members, about Rs.
9,800 crore transaction
IndianOil Citibank Co-branded Card: over 9 lakh
members, Rs. 275 crore transaction
MarketingPremium offerings
1515
MarketingQ & Q Assurance
Retail automation - completed in 1038 outlets Real time stock update
Enhanced customer service through automatic billing
and history of transactions
Vehicle tracking System - completed for 14371
trucks To ensure that quality product reaches the customer at
retail outlets
….gaining customer confidence
1616
R & DCommercializing in-house technologies
Obtained approval for 12 patents, including 1
from U.S. Total No. of patents obtained – 120,
including 50 international patents
160 lubricant formulations commercialized and 46
approvals obtained from OEMs
In-house developed Needle Coke (Niche product)
technology licensed to Numaligarh Refineries Ltd.
….leading indigenous technology development
1717
Exploration & ProductionBackward integration
Gas discovery made in Assam by consortium of IOC, OIL and HOEC. Commercial viability being established
Consortium of IOC-OIL-Sonatrach (Algeria) awarded Area 95/96 in Libya. EPSA signed on 25th May 2008
A Special Purpose Vehicle- Ind-OIL Overseas Ltd. formed between OIL and IOC and incorporated at Port Louis, Mauritius to undertake acquisition of overseas E&P assets
1818
NELP Rounds ( 8 blocks) CBM Rounds ( 2 blocks) Farm – in ( 1 block)
Exploration & ProductionBackward integration
Bidding
Yemen (2 blocks) Libya (3 blocks) Iran (1 block)
Farm-in
Gabon (1 block) Nigeria (1 block)
Domestic
Overseas
1919
PetrochemicalsAdding to the bottom line
Revenue of over Rs. 2500 crore achieved through
petrochemical sales
Achieved 11.7% growth in LAB sales, including
export of 28.97 TMT
IOCLAB exports to nine countries, including to
Pakistan and Philippines for the first time
Maiden export of paraxylene to Indonesia,
Thailand and Malaysia
2020
GasFuel of the future
Successfully commissioned the technology innovation project “LNG at the Doorstep” through cryogenic tankers for Industrial customers
Achieved gas sales of 1.74 MMT in 2007-08 against 1.48 MMT in the previous year
Signed an MoU with GAIL for incorporation of JV Company for city gas distribution in West Bengal
In discussion with several companies for gas sourcing and city gas distribution
2121
Green Agenda Ethanol Blended Petrol (EBP)
5% EBP supply commenced in 5 additional states and 3 UTs during the year
With the above, EBP has been introduced in 14 states and 3 UTs Bio-diesel
Signed MoU with Chattisgarh Renewable Development Agency (CREDA) and Govt. of Chattisgarh for formation of a JV to carry out activities related to crop plantation for production of Bio-diesel on commercial scale
2000 hectares of non-forest wasteland allotted to IOC in Jhabua district of MP for Jatropha plantation
Talks in progress with Rajasthan, Gujarat & Orissa Govts. for allocation of wasteland for undertaking bio-diesel related activities
2222
Globalization Consolidating presence overseas
Lanka IOC Limited Sales grew by over 8% during the year
Market share maintained at 11.4%
18 TMTPA lube blending plant commissioned at
Trincomalee; 8 new lube distributors commissioned
State-of-the-art laboratory for testing fuels and
lubricants also commissioned
Launched bunkering business
2323
Globalization Consolidating presence overseas
IndianOil (Mauritius) Ltd. Overall sales grew by 19.5% to 194.9 TKL vis-a-vis 163 TKL
in 2006-07 Market share rose by 3.6% to 19.8% in 2007-08 Emerged as the leader in the highly competitive aviation
business, with a market share of 35%
IndianOil Middle East FZE A quantum jump in the sale of Base oils and lubricants
recorded in only its 2nd year of operation – sales grew to
12.65 TMT in 2007-08 as compared to 4.06 TMT in 2006-07 SERVO distributors appointed for Oman, Qatar and Bahrain
2424
Exports
Figures in MMT
Product 2005-06 2006-07 2007-08
POL 2.09 3.13 3.33
Petrochemicals
LAB 0.011 0.024 0.029
Paraxylene - - 0.017
2525
Pipelines423 (8.7%)
Marketing 44 (0.9%)
Petrochemicals2436 (49.8%)
R&D 26 (0.5%)
Other diversification 3,259 (7.5%)
Refinery capacity addition, yield & quality improvement
1738 (35.6%)
Total: Rs 4,889 crore - over 100% achievement
Capital Plan expenditure : 2007-08
2626
Project Approved/ Estimated Cost
(Rs. crore)
Anticipated Completion
1 Paradip Refinery * 25,646* End 2011-12
2 Naphtha Cracker, Panipat 14,439 November 2009
3 Resid upgradation, Gujarat 5,693 January 2010
4 Once-through Hydrocracker & capacity
augmentation, Haldia
2,869 December 2009
5 Panipat Refinery expansion: from 12 to 15
MMTPA & augmentation of crude oil pipeline
1,213 December 2009
6 Paradip-Haldia crude oil pipeline 1,178 June 2008
7 Dadri-Panipat R-LNG line 251 January 2009
8 Chennai-Bangalore product pipeline 232 July 2009**
9 Koyali-Ratlam product pipeline 225 October 2008
10 Panipat-Jalandhar LPG pipeline 187 August 2008
Total 51,933
* Approved in principle; ** 24 months from Environment & Forest clearance
Major Ongoing Projects
2727
Pipelines 1,290 (3.0%)Marketing
1,300 (3.0%)
Petrochemicals11,844 (27.3%)
R&D 300 (0.7%)
Other diversification 3,259 (7.5%)
Refinery capacity addition, yield & quality improvement
25,400 (58.5%)
Total: Rs 43,394 crore
Capital Plan Outlay – XI PlanInvestment for growth
Growth strategy is the key to success
2828
Revisiting Corporate Vision
V2 Confluence (Vision with values)
IndianOil’s Vision statement drafted in 1999. The
dynamic business environment has necessitated
revisiting the Vision statement to reflect new goals,
aspirations and core values
A unique re-visioning exercise launched within the
Corporation, called V2 Confluence (Vision with Values),
engaging employees for a Shared Vision
2929
Care for Environment
Initiatives include
Green fuels
Product quality improvement
CDM projects
Effluent treatment/ ecological park in refineries
Tree plantation
….critical to sustainability
3030
Corporate Social Responsibility
Substantive contributions being made to national causes, social welfare and community development programmes throughout the country
Community Development programme adopts a multi-faceted approach involving: Health Family welfare Education Environment protection Drinking water and sanitation Empowerment of women National Heritage
0.75% of net profit of the preceding year is set aside for CSR
IndianOil Group of Companies
Performance(Financials)
3232
Turnover
2005-06 2006-07 2007-08
Rs. croreRs. crore
20.5%
12.1%
1,83,172
2,20,779
2,47,479
3333
Net under realization
2,190
9,774
4,774
2005-06 2006-07 2007-08
Rs. croreRs. crore
3434
Desired Price vs Actual Price
35
40
45
50
55
60
2004-05 2005-06 2006-07 2007-08 27.5.08
PetrolRs/ltr
16.34
23
28
33
38
43
48
53
2004-05 2005-06 2006-07 2007-08 27.5.08
DieselRs/ltr
23.49
7
12
17
22
27
32
37
2004-05 2005-06 2006-07 2007-08 27.5.08
KeroseneRs/ltr
28.72
250
300
350
400
450
500
550
600
2004-05 2005-06 2006-07 2007-08 27.5.08
LPG-DomesticRs/Cylinder
305.90
Delhi prices
3535
Profit After Tax
2005-062005-06 2006-072006-07 2007-082007-08
49154915 74997499
Rs crore
74997499 6963
3636
Profit After Tax - Breakup
2007-08
Loss before upstream sharing and GoI bonds (23240)
Add upstream sharing 14323
Loss before bonds (8917)
Add compensation in form of GoI bonds 18997
Profit Before Tax 10080
Less tax 3117
Profit After Tax 6963
3737
Contribution to Exchequer
24449 28431 34249
2017227733
28419
2005-06 2006-07 2007-08
44,621
56,16462,668
Central
States
Rs. croreRs. crore
3838 * In equivalent INR( ) Indicates loss
Financials - Subsidiaries
SubsidiaryTurnover Profit After Tax
2006-07 2007-08 2006-07 2007-08
BRPL 6,426 6,645 185 294
CPCL 29,349 32,891 565 1,123
LIOC* 1,405 1,720 (29) 90
IOML* 427 535 8 14
IOC ME FZE* 18 41 (0.22) 1.3
Rs crore
3939
Financials - Major JV Companies
SubsidiaryTurnover Profit After Tax
2006-07 2007-08 2006-07 2007-08
Petronet LNG 5,501 6,555 313 475
Avi-Oil India 36 25 3 1
IndianOil Tanking 418 836 21 34
Lubrizol 482 511 14 48
IndianOil Petronas 236 1114 13 40
Greengas 11 41 (1) 5
( ) Indicates loss
Rs crore
4040
Towards sustainable & inclusive growth
Thrust on Fuelling the economy
Reaching the remote rural corners of India
Biofuel and renewable initiatives
Providing livelihood opportunities
Protecting the environment
CSR initiatives in Health, Eductaion, Women
empowerment, Heritage protection, etc.
..…. for us, India first
Open Forum