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  • Indian Oil CorporationInvestor Presentation June 2011
  • Indian Oil Corporation: ‘The Energy of India’ 1 Company Overview 2 Attractive Market 3 Dominant Market Leader: ‘The Energy of India’ 4 Well Defined Strategy 5 Strong Operating & Financial Performance 6 Conclusion 2
  • Company Overview - Corporate History Merger Indian Refineries Ltd. Indian Oil Company Ltd. 1958 1959 Integrated Refining and Marketing company in Indian Oil Corporation Ltd. 1964 PSU domain Companies Merged Assam Oil Company IOBL IBP Co. Ltd BRPL 1981 2006 2007 2009 3
  • Company Overview – Brief Description Highest‐ ranked (125) Indian Company in Fortune Global 500 Board Structure Shareholding Pattern India’s largest commercial enterprise Largest refiner Largest marketing infrastructure Largest pipeline networkNotes1. Shareholding pattern as on 31st March’11 4
  • Company Overview – Brief Description Core Business: R&M(1) Diversification  Investing in wider petrochemical product  Operates 10 refineries with a total production slate capacity of 65.7 MMT  Gas distribution – CGD, LNG at Doorstep Business etc Description  Operates a 10,899 km long product and  E&P through equity interest in blocks across crude pipeline network as well as maintains a the world marketing network with ~ 37,000 touchpoints  Power generation through renewable sources of energy INR Bn unless specified FY 10 FY 11 Revenue 2,711 3.287 EBITDA 189 163 Financial EBITDA Margin (%) 6.9% 4.9% Summary ROA/ ROE (%) 33.9%/20.2% 15.6%/ 13.5% Debt/ Equity (x) 0.88x 0.95x Dividend Payout Ratio (%) 31.0% 31.0% Higher EBITDA in FY’10 due to higher inventory & exchange gains.Notes1. As on 31st Mrch’11, including refineries operated by IOCL’s subsidiaries 5
  • Company Overview – Proven Track Record [Becomes first Indian oil Company enters into Enters petrochemical IOCL’s Mathura refineryIOCL formed through merger Becomes the first Indian becomes India’s first Commissioned India’s & gas] company to LPG business business by commissioning of Indian Refineries Ltd & company to cross the INR refinery to produce Euro-III largest Naptha Cracker establish Research & through a JV with the world’s largest single Indian Oil Company Ltd 1,000 Bn [turnover] mark Compliant diesel & petrol Complex Development Center Petronet LNG train kerosene to LAB unit 1964 1972 1994 1997 2000 2003 2004 2005 2010 Entry into E&P business, First petroleum product Commissions is awarded two First Indian petroleum IOCL is top national pipeline commissioned: India’s first company to start Company enters into oil company in Asia Awarded “Maharatna" exploration blocks under the gas business status by the Govt. of India Guwahati-Siliguri pipeline Hydrocracker unit NELP-I overseas retail business Pacific Track Record: Rapid Growth Consistently Net Worth & Revenues Refining Capacity: 65.7 MMT Total Length of Pipeline Network: 10,899 Kms (INR Thousand Crore) (MMT) Kms (‘000) 350 328.7 60 75 12 10.9 65.7 300 50 10 9.0 60 250 47.5 CAGR 40 CAGR CAGR 8 7.3% 200 45 5.3% 16.5% 30 5.4 150 6 94.1 28.0 20 30 4.0 100 15.8 4 50 17.5 10 2.0 0.6 4.5 15 7.8 2 0 0 0.4 1970 1980 1990 2000 2011 0 0 1970 1980 1990 2000 2011 1964 1975 1985 1995 2005 2011 Turnover Netw orth 6
  • Attractive Market: Large Potential in IndiaSource BP Statistical Review of World Energy June 2011, 7
  • Attractive Market: Large Potential in India India One of the Fastest Growth in Oil Consumption .. Leading to Large & Growing Petroleum Product Consumption in India (1) 2009‐ 14E CAGR (%) (MMT) 5% 4.8% 4.1% 142 4% 140 138 3% 2.6% 2% 133 1% 0.5% 0.3% 129 130 0% China India Asia Pacific N. America OECD .. Refinery Through Put …..% Change in 2010 over 2009 121 15 13.4 (1) 120 12 113 9 112 7.2 6.1 110 108 6 2.9 2.7 3 0.5 -0.2 0 100 China India Africa Middle US Europe Japan FY 04 FY 05 FY 06 FY 07 FY 08 FY 09 FY10 FY11 East -3 Source BP Statistical Review of World Energy June 2009, & 2011 Source Petroleum Planning and Analysis Cell, Ministry of Petroleum and Natural Gas, Govt. of IndiaNote:1. Figure for FY’11 is provisional 8
  • Dominant Market Leader: ‘The Energy of India’ 1 The Leader: #1 Refiner in India 2 ‘India’s Energy Lifeline’ – Dominant Pipeline Network 3 Unparalleled Market Reach 9
  • Simply – The # 1 R&M Player in India#1: Largest refiningcapacity in India: #1:87% downstreamabout 35% market market share in crudeshare oil pipelines#1: Highest petroleum #1: Largest provider ofproducts market share: pipelines for petroleum46% Refining products: about 49% downstream market Pipeline #1 share Marketing #1: 89% market share of bulk consumer pumps #1: 54% of total #1: 52% market share in consumer touch points LPG dealershipNotes1. As on 31st March 2011 10
  • 1 Refining Capacity: Strategically Located Close to Profitable Markets •• Access to high demandAccess to high demand market of North Indiamarket of North Digboi: 0.7 MMT India •• Highest refining capacityHighest refining capacity •• Refineries benefit fromRefineries benefit in this regionin this region from excise duty concessionsexcise duty Barauni: 6.0 MMT concessions •• Ability to supply to NorthAbility to supply Panipat: 15 MMT to North India markets at low cost byIndia markets at low cost by leveraging pipeline networkleveraging Guwahati: 1 MMT Mathura: 8 MMT pipeline network Bongaigaon: 2.4 MMT Koyali: 13.7 MMT Haldia: 7.5 MMT Paradip: 15 MMT Chennai: 10.5 MMT Narimanan: 1.0 MMT Refineries owned and operated by IOCL’s subsidiary - CPCLInstalled capacity (IOC) : 54.2Refinery (under construction) : 15.0 Operational refineries of IOCLSubsidiaries : 11.50 Under-construction refinery of IOCL 11
  • 1 The Leader: #1 Refiner in India Key Highlights Dominant Market Leader(1) Refining Capacity (MMT)  Indian Oil Corporation operates 10 of India’s 20 refineries 75.0 65.7  The Company accounts for about 35% of the total 62.0 domestic refining capacity 60.0 45.0  Technologically [advanced] refineries – Flexibility to switch between various production processes and grades of crude oils 30.0 24.5 – Each refinery is a cracking refinery with moderate 14.8 11.9 10.5 conversion capacity 15.0 0.0 IOC RIL BPCL HPCL ONGC Essar  All the refineries are Euro III / IV compliant (Bongaigaon Refinery expected to be compliant by Jul’11) Throughput (MMT) 55.0 53.0  Diverse product basket: 51.4 50.7 – Refined petroleum products such as high speed diesel, 50.0 jet fuel, SKO, light petroleum gas, gasoline, bitumen, 47.4 heavy fuel oil & naphtha – Petrochemical products such as LAB, Px/PTA, polymers 45.0 44.0 – Lubricants and greases 40.0 FY07 FY08 FY09 FY10 FY11 More than 100% capacity utilization for last 5 yearsNotes1. As on 31st March 2011 12
  • Pipelines…India’s Energy Life Line Jalandhar  IndianOil owns and operates India’s Largest network of crude & product pipelines Ambala Bhatinda Roorkee  Getting closer to the clients with increasing length Sangrur Najibabad Panipat Meerut Tinsukia Rewari Dadri Delhi Sanganer Siliguri Mathura Bongaigaon Ajmer Bharatpur Digboi Jodhpur Barauni Guwahati Kot Kanpur Tundla Lucknow Chittaurgarh Sidhpur Chaksu Ahmedabad Rajbandh Kandla Ratlam Ranchi Mundra Navagam Durgapur Vadinar Koyali Budge Budge Maurigram Viramgam Haldia Dahej Raipur Hazira Paradip Pipelines (Existing ) Product Crude Oil LPG Pipeline Bengaluru R-LNG Pipeline Chennai Pipelines (Ongoing) Product Sankari Asanur LPG Pipeline Trichy As on 1.4.2011 Madurai 13
  • Pipelines…… Throughput (Million tonne) Length (KM) Capacity 67.8 (MMTPA) 64.5 59.6 57.1 70 Crude Oil 4,366 40.40 51.7 60 Product 6,401 34.86 50 42.4 41.5 40 35.8 38.2 Crude oil TOTAL 10,767 75.26 32.4 30 Product Gas 132 10* 20 23 25.4 10 19.3 21.3 21.4 * MMSCMD 0 FY07FY08FY09Capacity Utilization (%) FY10 FY11 100 95.8 95 93.3 Market Share (Downstream) 90.6 91.6 90 88.0 Crude Oil 87% 85 80 Product 49% 75 70 FY07 FY08 FY09 FY10 FY11 14
  • Marketing… Marketing Touch Points ( about 37,000) Aviation Fuel Stations (96) LPG Bottling Plants (89) SKO/LDO Dealers (3,960) Bulk Consumer Pumps No.1 oil Chandigarh (7,780) marketing company in LPG Distributors (5,456) Terminal/Depots (140) INDIA LPG Customers (61.8 million) Delhi NOIDA Retail Outlets (19,463 including 3,517 KSKs) Jaipur Lucknow Guwahati IOC has share of about 54% in Marketing Infrastructure Patna Bhopal Ahmedabad Bhubaneswar Kolkata Regional Offices: 4 State Offices: 16Mumbai Divisional Offices Retail: Secunderabad Consumer : 66 Indane Area Offices : 34 45 Bengaluru Chennai As on 1.4.2011 Kochi 15
  • Marketing - Sales Product Sales (MMT) Rural Penetration : Contributing towards inclusive growth 70.3 70 67.5 64.5 5 No. of KSKs 4.5 commissi 60.8 3.6 oned during the 60 3.3 year 56.5 3.1 Export 65.3 Domestic 63 50 60.9 57.5 53.4 40 FY07 FY08 FY09 FY10 FY11 Petroleum Products Market – % Share(1) IOCL 46 KSK Sales (MS & HSD) - % of total IOC’s Sales (MS & HSD ) BPCL 20 HPCL 18 RIL 8 Others 9 (1) Market share of other companies is provisional 16
  • IndianOil in Every Part in Every Heart North East Along, Passighat, Ziro Only oil company operating in every Himalayas Leh, Kargil, Lahaul Spiti part of India Islands Andaman, Nicobar, Lakshadweep Retail Outlet at Boat house Kisan Seva Kendra outlets for Modern XTRAcare ROs extending rural reach 17
  • Well Defined Strategy 1 Reinforcing Competitive Advantage Building capacity of core refining and pipeline business 5 2 Investing in the Increasing Quality & Future Operational Flexibility Facilitating R&D and Drive flexibility and innovation to lead efficiency of production future growth capabilities 4 3 Integration led Value Diversification Enhancement Geographic and product expansion to Backward & forward develop sustainable integration for profits maximum value capturing 18
  • R & D – Providing Cutting Edge Established in 1972 , Currently 438 scientists & support staff Biotechnology, Lubricant Nanotechnology, Technology Alternative Energy Refining Technology Fuel Additives Hydrogen & GasificationPolymers &Petrochemicals 19
  • 5 Investing in the Future – R&D/ InnovationFocus of R&D Advances in Products  The major thrust for R&D in next decade would be  INDMAX: – Facilitates maximization of LPG and light distillates from refinery residue – Reducing the carbon footprint of IOCL’s processes, products and – Aims to install a 4 MMTPA unit as a part of the refinery/ petrochemicals technologies; endeavour to reduce Company’s emissions by 20% to 25% complex at Paradip by 2012 from current levels Marine Oils: One of only six oil companies globally to have indigenously  developed “original equipment manufacturer-approved marine lubricants – Licensing the Company’s technologies on a larger scale technology” Needle Coke: – Application of nano-technology  – One of three companies in the world that possess the technology to make – Development of superior, high performance catalyst and lubricant additives high value needle coke for application in graphite electrodes for steel- making. – Improvement of overall efficiencies – Technology has been commercialized in Bongaigaon and Guwahati RefineriesInvestment in R&D Active Patents by Geography Active Patents by Division(INR MM)2,000 Others 25% Lubes 1,510 19% Others 39% 942 India1,000 52% 567 42% USA 261 95 Refinery 23% 0 FYE 07 FYE 08 FYE 09 FYE 10 FYE 11Budgeted Estimate For FY11 20
  • Forward Integration - Petrochemicals India’s one of the major petrochemical player Assets : Value addition to downstream business 21
  • Diversification to Gas Business Gas Sales and Turnover(1) City Gas Stakeholder Distribution in M/s (CGD) Petronet LNG 4 Sales Volume(MMT) 4500 Limited (PLL) 4,001 3.5 Turnover (INR Crore) 4000 3500 3 2,990 3000 2.5 2,884 2500 2 2078 LNG at Proposed 1746 2000 Doorstep LNG terminal of 5 MMTPA 1.5 at Ennore 1500 2.30 1 1.91 1.85 1.90 1000 1.63 0.5 500 0 0 Gas 2006‐07 2008‐09 2010‐11 pipelines (1) Includes sales to IOC’s refineries 22
  • Upstream Integration - Exploration & Production Discovered: Domestic Blocks : 13 Domestic Blocks – 3 Overseas Blocks: 3 (Farsi (Iran), OML 142 (Nigeria), NELP (11), CBM : (2) Carabobo Project 1 (Venezuela)) Awarded two S type blocks in Cambay basin with 100% participating interest and operatorship. For domestic blocks participated mainly with OIL and ONGC For overseas blocks participated mainly with OVL and OIL Carabobo Project 1, Venezuela: PdVSA (60%), Overseas Blocks :10 Repsol (11%), Petronas (11%), OVL (11%); OIL (3.5%), IOC (3.5%) Libya (3), Iran (1), Yemen (2), Nigeria (1), Gabon (1), Timor-Leste (1) & Venezuela (1) Total investment so far in E&P - INR 1,536* crore(*As on 31.3.2011) 23
  • Diversification - Clean Energy WIND SOLAR NUCLEAR BIOFUELS 5 MW Solar Power Plant Nuclear Power • JV Company Energy Crop Wind • IOCL won bid to set up 5 incorporated to Plantation Power Project MW Solar PV Power Plant put up Nuclear at Barmer, Rajasthan under • Captive plantation Power Plants in Jawaharlal Nehru National for Jatropha in India • Commissioned at India Kachchh, Gujarat Solar Mission in January 2009 • Chhattisgarh, • Equity Jhabua, MP : Empowering Rural India participation 6070Ha • Capacity : 21 (26%) in MW (14 WEGs • Over 30,000 solar lantern Rawatbhata • UP: Plantation under of 1.5 MW sold from Retail Outlets (RAPP 7/8, MNREGS funded each) (ROs), LPG Distributors for 700*2 MWs) Public-Private- lighting rural home / shops Rajasthan Panchayat Partnership (P4) • Considering further model: 10 ha investment in wind • For poorer villagers, 3 completed power projects Solar Charging Stations installed at pilot basis to • Proposed to extend centrally charge lanterns plantation upto for renting to customers 50,000 ha. 24
  • Subsidiaries - Beyond Boundaries •75.11 % stake holding •Storage, Terminaling and Retail trade Lanka IOC •Turnover (2010-11) INR 2090 crore Limited, •Ranked No. 1 Company in Sri Lanka Sri Lanka by Lanka Monthly Digest for the (2002) third consecutive year Major OVERSEAS IndianOil IOC Middle •100% stake holding SUBSIDIARIES Mauritius East FZE, Limited, •Aviation, Retail, Storage, Dubai (2006) Mauritius Quality Assurance (2001) •Turnover (2010-11) INR 841 crore •100% stake holding •3rd largest petroleum company in Mauritius •Sale of Lubricants in Middle East countries •Turnover (2010-11) INR 77 crore 25
  • Subsidiaries & JVs Domestic Subsidiaries IOT Infrastructure & Energy Services Ltd (50%, 1996) Avi‐ Oil India Pvt. Ltd (25%, 1993) Petronet LNG Ltd. (12.5%, 1998) Chennai Petroleum IndianOilPetronas Pvt. Ltd. (50%, 1998)IndianOil Corporation MajorMajor CREDA Limited JointJoint Biofuels (2001*) VenturesVentures •51.89% stake Limited holding Lubrizol India Pvt. Ltd.(50%, 2000)(2009) •PAT (2010-11): INR 512 crore• 74 % Stake •Amount of Green Gas Ltd. (25%, 2005) holding Investment by Amount of IOC: INR• 509.33 crore Investment •Refining Indo Cat (P) Ltd. (50%, 2006) by IOC: INR IndianOil Skytanking Ltd. (33.33%, 2006) Capacity: 11.5 0.74 crore MMTPA * Became subsidiary of IndianOil 26
  • Financial Performance 27
  • Financial Performance EBITDA(1) TURNOVER NET PROFIT (INR / bn) (INR / bn) (INR / bn) 200 189 125 3,500 3,287 163 102 175 146 143 100 2,854 150 3,000 75 74 2,711 113 70 125 75 2,475 100 2,500 2,208 50 75 30 50 2,000 25 25 0 0 1,500 FY07 FY08 FY09 FY10 FY11 FY07 FY08 FY09 FY10 FY11 FY07 FY08 FY09 FY10 FY11 NET WORTH GRMs(3) PIPELINES EBITDA(2) (INR / bn) ($/ bl) (INR./ bn) 600 553 10.0 9.0 40 506 8.0 35 500 35 440 33 5.9 411 6.0 400 4.2 4.5 29 349 30 3.7 4.0 26 25 300 25 2.0 200 0.0 20 FY07 FY08 FY09 FY10 FY11 FY07 FY08 FY09 FY10 FY11 FY07 FY08 FY09 FY10 FY11 (1)Including interest income (2)Excluding interest income (3)GRM’s for FY’07 & FY’08 does not include Bongaigaon GRMs 28
  • Financial Performance Total Debt to Equity Long Term Debt to Equity Debt to Investments Ratio(1) (x) (x) 1.4 1.3 1.2 0.4 0.4 0.4 1.0 0.3 0.95 0.3 1.2 1.1 1.0 0.9 0.9 1.1 0.3 1.0 0.8 0.3 0.8 1.0 0.9 0.8 0.6 0.2 0.6 0.4 0.1 0.4 0.2 0.2 0.0 0.0 FY07 FY08 FY09 FY10 FY11 FY07 FY08 FY09 FY10 FY11 0.0 FY07 FY08 FY09 FY10 FY11 Investments(1) Fixed Assets Contribution to Central Exchequer (INR Bn) (INR Bn) (INR Bn) 450 424 1,100 1,058 400 397 402 342 387 400 361 1,000 934 284 300 259 265 350 315 900 805 300 800 200 250 660 700 592 200 600 100 150 500 100 400 0 FY07 FY08 FY09 FY10 FY11 FY07 FY08 FY09 FY10 FY11 FY07 FY08 FY09 FY10 FY11Note1. Investments include Market Value of shares held in ONGC Ltd., GAIL (India) Ltd., OIL India Ltd., shares held in Trust formed for merger of IBP Co. Ltd. and Bongaigaon Refinery &Petrochemicals Ltd and Special Oil Bonds 29
  • Compensation of Under Realization INR Thousand Crore Oil Bonds / Budgetary Support # 58.6 Discount from Refiners Discount from Upstream Companies 43.1 43.1 Net Under Realization TOTAL 40.4 GOVT. OF INDIA 28.6 19.0 SUPPORT 22.6 25.8 13.9 15.2 14.3 0.6 16.7 11.9 18.2 7.5 9.8 2.2 3.1 3.8 FY07 FY08 FY09 FY10 FY11# Oil Bonds till FY09; Budgetary Support during FY’10 & FY’11 30
  • Investments - Fuelling the growth 11th Plan Five Year Plan (Anticipated) INR crore Capital Expenditure 52,000 INR crore 2007-08 2008-09 2009-10 2010-11 2011-12* Plan Expenditure 5,142 10,353 12,256 9,831 14,500 Non Plan Expenditure 1,874 1,678 2,007 2,588 4,440 9th Plan 10th Plan Total 7,016 12,031 14,263 12,419 18,940 * Budgeted Estimate 12,886 17,930 31
  • Major ongoing projects Anticipated Outlay Anticipated Projects-Refinery (INR crore) Objective Completion To meet domestic demand & export of surplus Paradip Refinery 29,777 product Nov’12 MS Quality Upgradation Project at Bongaigaon Refinery 294 To produce BS-III quality MS July’11 DHDT at Bongaigaon Refinery 1,646 To produce BS-III quality HSD June’11 To increase processing capacity of unit from 1.3 to 1.5 Fluidized Catalytic Cracking Unit at MMTPA & maximize production of value added Mathura Refinery 1,000 Jan’13 propylene Designed to produce 138 MTPA of Butadiene to be Butadiene Extraction Unit at Panipat 342 used as feedstock for SBR project at Panipat Feb’13 Total (a): 33,059 Anticipated Completion Projects-Pipelines Anticipated Outlay (INR crore) Branch pipeline from KSPL, Viramgam to Kandla 349 Dec’11 Paradip-Sambalpur-Raipur-Ranchi pipeline 1,793 Sep’12 Debottlenecking of Salaya-Mathura crude pipeline 1,584 Dec’12 Integrated crude handling facilities at Paradip 1,493 Jun’12 Tanks and Blending facilities at Vadinar 267 Oct’11 Paradip-Haldia-Durgapur LPG pipeline 913 Dec’13 Total (b) : 6,399 Other Projects (c) 5,600 TOTAL (a+b+c) 45,058 32
  • Human Capital: Assets of IndianOil 33 33 33
  • Human Capital: Assets of IndianOil 34,105 IndianOilPeople…… towards excellence As on 31.3.2011 34
  • Human Capital - Assets of IndianOil… IndianOil People…… towards excellence 35
  • IndianOil: Beyond Business 36
  • Sustainable Development Water management Green fuels Emissions control IndianOil Initiatives Tree plantation Effluent treatment CDM projects 37
  • Care for Environment Environment Management Systems at refineries, pipelines and major marketing installations certified under ISO-14001 standards Best procedures & practices of industry in place at all operating units to take care of Safety, Occupational Health & Environmental Issues Expected to generate 60,000 CERs per annum through various CDM projects planned in refineries Decline of ~22% is witnessed in effluent discharge (per TMT of crude oil) from refineries in 2010-11 compared to 2009-10. 38
  • Corporate Social Responsibility LPG connections to BPL families under RGGLVY (20%) 2% of retained profit of previous year for CSR Indian Oil Foundation Scholarships (30%) Community Development: (30%) (Education, Health & Drinking water) National causes & Natural calamities (35%) Contributions/Donations (5%) 39
  • Conclusion 1 Delivering on Key Success Factors 2 The # 1 R&M Player in India 3 Integrated Operations 4 Strong Performance 40
  • 1 Conclusion – Delivering on Key Success Factors Key Success Factors Indian Oil Corporation Positioning  Long term contracts to build access to feedstock Feedstock  INR 15 bn invested in E&P blocks; Reserves identified in six blocks   Increasing equity investment in E&P to create integrated projects   Indian market leadership in refining and marketing Integration  Capacity enhancement to produce diversify petrochem product slate Manufacturing Excellence and Scale  In-house state of the art R&D facilities  Largest refining capacity in the country  Recently commissioned India’s largest Naphtha Cracker Unit  Access to Key Markets  Ideally positioned for growth in India  Access to key markets in Asia Pacific   Largest crude and product pipeline network in the country Logistics/ Distribution  Maximum number of customer touchpoints in the Indian petroleum industry  41
  • 2 Conclusion – The # 1 R&M Player in IndiaRefining Capacity Crude Pipelines Retail Outlets(MMT) (MMT) (No.) 1.1x 1.9x75. 0 50 2 0 ,0 0 0 19 ,4 6 3 6 5. 7 6.7x 6 2 .0 406 0 .0 40 16 ,0 0 04 5. 0 30 12 ,0 0 0 10 ,2 12 9 ,2 9 03 0 .0 2 4 .5 20 8 ,0 0 0 14 .8 10 . 5 12 .0 10 4 ,0 0 0 15. 0 6 0 .0 0 0 IOC R IL B PC L HPC L Essar O N GC IO C L O t he r do wns t re a m P S U IO C L HP CL BP CLDomestic Sale of Petroleum Products Product Pipelines LPG Distributors(MMT) (MMT) (No.) 1.4x 2.1X75 2.2x 40 6 ,0 0 0 5 ,4 5 6 65 3560 30 26 4 ,0 0 045 20 2 ,6 3 3 28 2 ,4 5 230 26 10 2 ,0 0 0 10 15 0 0 0 IO C L BP CL HP CL IO C L HP CL BP CL IO C L HP CL BP CL 42
  • 3 Conclusion – Integrated Operations Petrochemicals Gas Refining Wind Nuclear Pipelines Solar Marketing 43
  • 4 Conclusion – Strong Performance Growth Rates Margins & Returns 5yr CAGR Growth Rates  Asset Base : 14.6% Margins & Returns  Turnover : 12.4%  FY11 EBITDA margin of 4.9% Performance  Net worth: 13.6%  FY11 ROE: 13.5%  Refining capacity: 5.6%  FY11 ROA: 15.6%  Pipelines capacity: 4.6% Capital Structure: Virtually Debt Free Long Term Debt to Equity Debt to Investments Ratio(1) (x) (x) 1.4 1.4 0.4 0.4 0.4 0.3 1.2 1.1 0.3 1.1 0.3 1.0 0.3 1.0 0.9 0.8 0.2 0.6 0.4 0.1 0.2 0.0 0.0 FY07 FY08 FY09 FY10 FY11 FY07 FY08 FY09 FY10 FY11Notes1. [Investments include Market Value of shares held in ONGC Ltd., GAIL (India) Ltd., OIL India Ltd., shares held in Trust formed for merger of IBP Co. Ltd. and Bongaigaon Refinery & Petrochemicals Ltd and Special Oil Bonds 44
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