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Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited

Hindustan Oil Exploration Company Limited · Aug 14, 2015 · 32 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 1
    INVESTOR PRESENTATION, AUGUST 2015
  2. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 2
    Contents 1 Company Overview 2 Asset Portfolio 3 Growth Strategy 4 Financial Highlights 5 HOEC Bardahl India Limited HINDUSTAN OIL EXPLORATION COMPANY LIMITED3
  3. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 3
    Company Overview 1st Private Oil & Gas company in India 3 Decades of presence in Oil & Gas Business 7 Blocks (Production/Development stage) across India 500+ Million of Investments 80,000+ Shareholders Promoted by Late…
  4. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 4
    25 Years in BSE Listing Signed PSC for PY3, PY1 and PY3 was shut-in Asjol block ENI becomes the promoter consequent to Commencement public offer, Reserves of Production holds 47.18% downgraded in from PY3 block PY1 1983-90…
  5. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 5
    HOEC Shareholding Pattern & Board Members (Non-Executive Directors) Shareholding Pattern ENI 47.18% HDFC 11.36% GIC 1.34% Retail/Others 40.12% (80,000+) 0% 10% 20% 30% 40% 50% % Holding Board of Directors (Non-Executive)…
  6. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 6
    Board Members (Executive Directors) P ELANGO Managing Director Over 28 years of experience in Upstream Oil & Gas Sector Held several leadership roles in different areas of the business and is a recognized leader in the Indian…
  7. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 7
    Technical Experts Bhuwan Chandra Gariya, EXPLORATION MANAGER Over 31 years of experience as a Petroleum Geoscientist in exploration, appraisal, reservoir, development, including seismic data acquisition processing and interpretation…
  8. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 8
    ASSET PORTFOLIO
  9. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 9
    Asset Map (Production/Development) AAP-ON-94/1 North Balol Asjol ASSAM-ARAKAN CB-OS/1 CB-ON-7 CB-OS/1 CAMBAY PY-1 PY-3 CAUVERY HINDUSTAN OIL EXPLORATION COMPANY LIMITED10
  10. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 10
    Asset Portfolio (Production/Development) Block Name Operator Location Oil/Gas PI Partner(s) PY-1 HOEC Offshore Gas 100% Nil CB-ON-7 HOEC Onshore Oil 35% North Balol HOEC Onshore Gas 25% Asjol HOEC Onshore Oil 50% AAP-ON-94/1…
  11. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 11
    Assam AAP-ON-94/1 (Operator : HOEC) 100 million of Exploration & PROSPECT MAP Investment Appraisal investment by JV 3 Exploration, 2 Appraisal wells Multiple Girujan Sands (18+) Reservoir 6 Sands tested with gas flow Opening 2 new…
  12. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 12
    Assam to come on stream in next 18 months Procurement of Tangibles Forest & Wildlife Clearance Commercial production Re-entry and Completion of 3 Plateau production of existing wells 20 mmscfd for 15 Exploration Begin Construction…
  13. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 13
    Assam : Easy Access to Market Gas to BCPL through existing pipeline Existing infrastructure provides ready access to gas market. Discussion on Gas Sales Agreement is in progress. New pricing policy allows subsidy to private…
  14. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 14
    Assam : Revenue Doubles *Assuming existing Revenues constant HINDUSTAN OIL EXPLORATION COMPANY LIMITED15
  15. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 15
    Assam - Summary Higher Revenues Entitled to Higher share of revenue, PI in exploration being 40% to HOEC Cost carry of Only 85 mn would be required for development as against 100 mn 100 million already incurred for exploration…
  16. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 16
    PY-1 (Operator : HOEC) Decline in production due to water cut First Gas November 2009 Over 400mn of Investment 4 Development wells and an Cumulative Offshore Platform & Pipeline Investment 55 mmscfd processing plant on 209 acres…
  17. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 17
    PY-1 Undeveloped Resources to be accessed Planned Activities: Rig-less Coil tubing job to reduce water influx and improve production in 1 well Rig-based work-overs later Explore synergies with adjoining fields/block to optimize the…
  18. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 18
    PY-3 (Operator : Hardy) July 1997, with FPS & RILs KG Block First Oil subsea completion Field shut-down since July 2011 Last Production : 3,300 Current bbls/day PY-3 Status Opportunity to develop field with optimized cost and…
  19. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 19
    CB-OS/1 (Operator : ONGC) Reserves 2P (100%) - 11.35 MMBbls CB-OS/1 Field is in the west of prolific Gandhar field of ONGC. Block is located in inter tidal Salient Features transition zone Expected Field life is 10 years with Peak…
  20. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 20
    Cambay Marginal Fields (Operator : HOEC) Wells : 9 wells (2 Producing) North Balol CAMBAY BASIN North Balol Reservoir : Balol, Babaguru & Kand Sands (HOEC PI : 25%) Asjol FY15 Avg. Production (100%): 0.81 mmscfd Net Revenue :…
  21. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 21
    Leverage Expertise in Marginal Fields Marginal Fields Contribution Future Opportunity Netback (/boe) Block Particulars 37 Acquire 3D Seismic Asjol 27 Drill 2 Wells 16 Work-over 1 well Acquire 3D Seismic Drill 2 Wells CB-ON-7…
  22. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 22
    GROWTH STRATEGY
  23. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 23
    Growth Strategy... Deliver from low risk onshore assets in Assam and Gujarat to double the current revenue by Q4 Focus FY 2016-17 Low risk onshore Build a strong geo-technical team Build Talent & Deploy Technology Revive…
  24. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 24
    ...execution plan linked to our strategy Fast-tracked Assam Project to deliver first-gas by Q4 FY 16-17 Onshore Initiated planning to leverage opportunities in our Marginal Fields Assets 15+ new professionals joined on…
  25. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 25
    FINANCIAL HIGHLIGHTS
  26. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 26
    Statement of Profit & Loss Particulars Q1 FY 16 Q4 FY 15 FY 2015 FY 2014 All Figures are in INR MM Revenue from Operations 93 74 404 569 Other Income 13 15 75 58 Revenue declined in FY15 Total Revenue 106 89 479 627 due to reduction in…
  27. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 27
    Balance Sheet All Figures are in INR MM Assets Equity & Liabilities Description FY 2015 FY 2014 Description FY 2015 FY 2014 Fixed assets: Share capital 1,305 1,305 - Land and Buildings 80 83 Reserves and surplus 1,414 3,980 -…
  28. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 28
    Financial Summary (as on 30th June, 2015) 1 Debt Free Balance Sheet 2 Operating Revenue to meet OPEX & leave surplus 3 ICRA BBB+ (Stable) Rating for INR 100 Crore long term proposed debt 4 Strong working capital position : INR…
  29. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 29
    HOEC Bardahl : Renewed Focus on wholly-owned Subsidiary
  30. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 30
    Exclusive reseller of automotive additive products of Bardahl HBIL is an exclusive reseller of automobile additive products of Bardahl, USA Bardahl USA is a 79-year old lubricants and additives company with sales in 90 countries…
  31. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 31
    Significant Potential to Grow this Business GROWTH STRATEGY FINANCIAL SUMMARY All Figures are in INR MM Particulars Q1 FY 2016 FY 2015 FY 2014 Volumes (000 Litre) 60 317 349 Total Revenue (INR million) 39 197 202 Total Cost 37…
  32. Q1 2015 Earnings Call – Hindustan Oil Exploration Company Limited – slide 32
    Contact Information For further information, please contact: Company : Investor Relations Advisors : HOEC Ltd. Stellar IR Advisors Pvt. Ltd. CIN: L67190MH1990PLC056009 CIN: U74900MH2014PTC259212 Parvinder Nogi Gaurang…

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