2014 Cairn India Limited Earnings Call Presentation Annual results FY 14 23rd April, 2014
2014 Cairn India Limited 3 Agenda Key Achievements for the Year P Elango Operations and Exploration Highlights Interim CEO and Wholetime Director 3 Year Strategic Plan & Outlook Financial Results Sudhir Mathur Chief…
2014 Cairn India Limited 4 Key Achievements for the Year
2014 Cairn India Limited 5 Delivering consistent growth and value to stakeholders Largest ever Capex Program Unlocking RJ Reduce Discovery to Delivery Cycle Time Potential Expand Infrastructure Accelerating RJ, Ravva &…
2014 Cairn India Limited 6 Operations and Exploration Highlights
2014 Cairn India Limited 7 Focused execution yields results in FY 14 Gross Annual Production at record levels of 11 MMT 218,651 Gross Average Production (boepd) All time high Revenue with 7% YoY growth, PAT at INR 124 bn INR…
2014 Cairn India Limited 8 Robust operational performance with focus on safety 200,000 3.9 47% 44% 0.16* RJ Gross Production milestone RJ Opex (/bbl) Recovery Rate in Ravva YoY production increase in Lost time incidents in…
2014 Cairn India Limited 9 Significant Oil In Place addition of 1 bn boe through RJ exploration Gross Oil in Place resources Rajasthan (billion boe) 5.2 4.2 1.0 FY 13 Addition in FY14 FY 14 Discoveries 26th 27th 28th…
2014 Cairn India Limited 10 Major exploration activity continues across the portfolio Onshore KGONN2003/1 Rajasthan Extended flow test on Nagayalanka1zST well completed RJON90/1 Ravva PKGM1 Achieved maximum flow rate of 850…
2014 Cairn India Limited 11 3 Year Strategic Plan
2014 Cairn India Limited 12 3 Year Strategic plan to aid world class recovery Key development projects in RJ US 2.4 billion Net Capex 1 MBA Production CAGR 2 of 710%1 over the next 3 years Barmer Hill development RRR…
2014 Cairn India Limited 13 1 Sustaining MBA production by improving recovery Enhanced Oil Recovery Mangala polymer flood execution in progress Net Capex (FY 1517): First polymer injection in Q4 FY15 US 1.6bn Bhagyam polymer…
2014 Cairn India Limited 14 2 BH formation: Significant development opportunity 2 major development opportunities BH North Oil prone porcellanite rocks BH South Muddy porcellanites Net Capex (FY 1517): Exploration results…
2014 Cairn India Limited 15 3 Planning for success with Gas and NGL development Develop existing Raageshwari Deep Gas (RDG) Initial success with 2 gas discoveries made during the current exploration campaign, additional…
2014 Cairn India Limited 16 Rajasthan Next Growth Phase Target 3 Year Reserve Replacement at 150%1 3 Year Production CAGR of 710%2 from known discoveries, with flat production in FY 15 RJ Exploration provides additional value…
2014 Cairn India Limited 17 Financial Results
2014 Cairn India Limited 18 Robust financials leading to enhanced shareholder value Gross +12% INR billion Annual Performance Quarterly Performance average 205 219 FY14 FY13 yoy% Q4 FY14 Q4 FY13 yoy% production CB 173 29 7 27…
2014 Cairn India Limited 19 Strong operating performance driving profitability PAT PAT variance (INR billion) (INR billion) +25% 121 124 1 2 5 79 2 9 1 124 121 FY12 FY13 FY14 PAT EBITDA Forex Net other DDA Tax…
2014 Cairn India Limited 20 Retaining Financial Flexibility
2014 Cairn India Limited 21 Retaining flexibility for exploration based success ROCE (excl treasury,%) 35% Balance Sheet (INR Bn) 32% March 31, March 31, March 31, March 31, 22% Assets Liabilities 2014 2013 2014 2013 Fixed…
2014 Cairn India Limited 22 Committed for 710% growth Net capex of US 3bn FY 15 FY 16 FY 17 81% of 3 year net capex to be spent in FY15 & FY16 RJ MBA Majority of the US 2.5 bn development spend earmarked for 3 key…
2014 Cairn India Limited 23 Outlook
2014 Cairn India Limited 24 Outlook For FY 201415 Flat FY 15 Gross Average Production in Rajasthan Key development projects in RJ o Mangala EOR First polymer injection to commence o Fluid handling capacity augmentation o To…
2014 Cairn India Limited 25 Q&A
2014 Cairn India Limited 26 Cairn India Our Vision & Strategy Realize full potential of world Strong E&P Player with proven track record class Rajasthan asset through of exploration & development success aggressive…
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