2015 Cairn India Limited Cairn India Limited Corporate Presentation February 2016
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 2.9 Domestic natural gas price reforms 2.2 1.9 2.0 1.2 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 Operating Cost (US/bbl) Hydro-fracturing technology In partnership with world class Brazil 32 service providers United…
11 All round efforts driving positive free cash flow Superior pricing for MRPL contract Loaded first cargo of RJ crude from Bhogat terminal RJ water-flood opex cut by 12% from FY15 to 5.1/bbl Continued contract renegotiation,…
12 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…
13 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 US6 bn in 11 years Sustaining Momentum Enhanced brownfield development Brownfield…
14 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 firm at an avg of 28 mmscfd in…
15 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 Sub-surface alignment on STOIIP and production profile…
16 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…
17 Mature Offshore assets set new records; best-in-class recovery Production Journey: Ravva Prod till Dec 2015: Production Journey: Cambay Prod till Dec 2015: (kboepd) 331 mmboe (kboepd) 62 mmboe Gas Oil 69 66 64 60 61 19 19 20…
19 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 near FY15 production levels Net Capex Investment…
21 Financial performance in Q3FY16 INR-billion Q3 FY16 Q3 FY15 y-o-y (%) Q2 FY16 q-o-q (%) PAT Variance v/s Q2 FY16 (INR bn) 6.7 Net Revenue 20.4 35.0 (42%) 22.4 (9%) EBITDA 6.7 21.1 (69%) 9.7 (31%) 3.0 Other Income 1.4 1.6 (13%)…
22 Cut FY16 Capex 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 Satellite Fields…
23 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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