2015 Cairn India Limited Cairn India Limited Corporate Presentation November 2015
3 Agenda Company overview Growth strategy in current environment Near term Outlook
4 Safety and Sustainability integral to our business Safety Women selling milk to collection centres Rajasthan asset received Mine safety award from DGMS*; Ravva asset received the HSE Excellence award Launched and implemented…
5 India offers significant growth opportunities Low Per Capita Energy Consumption Positive policy measures Tonnes of Oil equivalent per year India China World 3.0 Domestic natural gas price reforms 2.1 1.9 2.1 1.1 Reforms to…
6 Cairn India - well positioned for the opportunity Assets: Diverse geological basins and environments World Class Resource Base (FY15) Nine blocks with net acreage of 41,000 km2 Hydrocarbon Initially in Place of 7.4 bn boe Three…
7 Our value creation journey Cumulative oil production crossed 300 million barrels from Rajasthan asset in August 2015
8 Leveraging strengths: Low cost, Technology, Operational excellence Pioneering technology adoption Competitive F&D costs Hydro-fracturing technology In partnership with world class 3,000 service providers 2,500 1P Reserves…
9 Agenda Company overview Growth strategy in current environment Near term Outlook
10 Rich set of growth options at all crude price scenarios Five Key Strategic Themes Positive Free Cash Flows Post capex, retaining ability for dividend payout Core fields continue to MBA, Ravva, Cambay - Low cost, high…
11 Rajasthan Prolific block with significant upside 3,111 km2 block with rich set of options Multiple formations and play types Akli 40 km Thumbli Bhagyam (B) Dharvi Dungar Core Mangala (M) fields Aishwariya (A) Barmer…
12 RJ: Core MBA onshore fields resilient with low cost, high margin HIIP: 2.2 bn boe, Target recovery rate: 50%, Invested development capex of over US5 bn in 10 years Sustaining Momentum Enhanced brownfield development Brownfield…
13 RJ: Focus on building Gas business to boost growth Production potential (Incl NGLs): 15-20,000 boepd Commissioning of Compressors and Equipment Raag Deep Gas field Project status RDG gas production ramped up 58% to 30 mmscfd in…
14 M&A Barmer Hill: A potential growth opportunity Barmer Hill vs. US Shale Technology Implementation: Setting new industry benchmarks Parameter Unit US Shale Barmer Hill Continued focus on cost optimization led to finalization…
15 RJ Exploration: 13 discoveries since resumption Rajasthan Block 13 discoveries since resumption Rajasthan- Exploration Highlights Prioritised discoveries for appraisal Drilled and tested HIIP of 1.6 bn boe; additional 0.8 bn…
16 Mature Offshore assets set new records; technology aids growth Production Journey: Ravva Prod till Sep 2015: Production Journey: Cambay Prod till Sep 2015: (kboepd) 329 mmboe (kboepd) 61 mmboe Gas Oil 19 20 69 66 64 60 61 19…
17 Agenda Company overview Growth strategy in current environment Near term Outlook
18 Stable production and healthy cash flows in volatile times FY16 Guidance Rajasthan Production Despite low oil prices and substantial capex cut production to be maintained minimum at FY15 production levels Net Capex…
19 Appendix
20 Financial performance in Q2FY16 INR-billion Q2 FY16 Q2 FY15 y-o-y (%) Q1 FY16 q-o-q (%) PAT Variance v/s Q1 FY16 (INR bn) 8 Net Revenue 22 40 (44%) 26 (15%) 7 EBITDA 10 27 (64%) 13 (26%) 3 0 3 Other Income 1 3 (65%) 4 (68%)…
21 Cairn to cut FY16 Capex; Revising from US500 mn to US300 mn FY 15 Capex spend FY 16 Capex plan High return capex investments made in FY15 US1.1 bn US300 mn totaling 1.1 bn MBA Sustenance M&A Barmer Hill pilot Mangala Polymer…
22 FY15 Performance vs. Guidance RJ Production RJ Projects FY15 Guidance: Flat Production vs. FY15 Guidance: 1st Polymer injection-Q4; FY14 Mangala ASP pilot-Q4; Facility upgrade Production lower by 4% 1st polymer injected in…
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