Skip to main content Investor Presentation – Reliance Industries Limited | Shale Experts
Loading...
Pm

Investor Presentation – Reliance Industries Limited

Reliance Industries Limited · Apr 18, 2014 · 81 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. Investor Presentation – Reliance Industries Limited – slide 1
    4Q / Annual Results FY 2013-14 Financial Results 18 April 2014
  2. Investor Presentation – Reliance Industries Limited – slide 2
    Corporate Highlights FY 2013-14 RIL Standalone Financial Highlights Turnover increased by 8.1% to 401,302 crore ( 67 billion) Net profit increased by 4.7% to 21,984 crore ( 3.7 billion) Retail Business Turnover increased by 34%…
  3. Investor Presentation – Reliance Industries Limited – slide 3
    Performance Highlights FY 2013-14 Refining Record annual EBIT of 13,220 crore ( 2.2 billion) Record quarterly EBIT of 3,954 crore ( 660 million) Crude throughput 68 MMT, operating rate of 110% Average GRM of 8.1/bbl as compared to…
  4. Investor Presentation – Reliance Industries Limited – slide 4
    Financial Results 5 www.ril.com
  5. Investor Presentation – Reliance Industries Limited – slide 5
    Financial Results : FY 2013-14 % Change (in Crore) FY14 FY13 Y-o-Y T urnover 401,302 371,119 8.1% PBDIT 39,813 38,785 2.7% PBDIT Margin 9.9% 10.5% Net Profit 21,984 21,003 4.7% EPS () 68.0 64.8 4.9% Turnover increase…
  6. Investor Presentation – Reliance Industries Limited – slide 6
    Segment Results : FY 2013-14 (in Crore) FY14 FY13 % change Sales Variance Refining Volume Price Rev enues 361,970 333,774 8.4% 0.3% 8.1% EBIT 13,220 12,788 3.4% EBIT (% ) 3.7% 3.8% Petrochemicals Rev enues 96,465 88,108 9.5% 0.9%…
  7. Investor Presentation – Reliance Industries Limited – slide 7
    Financial Results : 4Q FY14 % Change % Change 3Q FY14 (in Crore) 4Q FY14 4Q FY13 Y-o-Y Q-o-Q 106,383 T urnover 97,807 86,618 12.9% -8.1% 9,927 PBDIT 10,367 10,068 3.0% 4.4% 9.3% PBDIT Margin 10.6% 11.6% 5,511 Net Profit 5,631…
  8. Investor Presentation – Reliance Industries Limited – slide 8
    Segment Results : 4Q FY14 vs 3Q FY14 (in Crore) 4Q FY14 3Q FY14 % change Sales Variance Refining Volume Price Rev enues 87,624 95,432 -8.2% -9.3% 1.1% EBIT 3,954 3,141 25.9% EBIT (% ) 4.5% 3.3% Petrochemicals Rev enues 24,343…
  9. Investor Presentation – Reliance Industries Limited – slide 9
    Business Mix FY 2013-14 Revenues EBIT Share of petrochemicals earnings increased (36% vs 31%) with strength in polymer margins - corresponding decrease in oil & gas contribution from 12% to 7% 10 www.ril.com
  10. Investor Presentation – Reliance Industries Limited – slide 10
    Performance Bridge : FY14 vs FY13 Net Profit EBIT Net profit increased on account of Higher volumes and favorable exchange higher operating and other income rates led to increase in petrochemicals along with lower depreciation…
  11. Investor Presentation – Reliance Industries Limited – slide 11
    Financial Ratios Mar-14 Mar-13 Cash Balance ( Crore) 88,190 82,975 Net Debt : Equity 0.01 Debt Free Net Gearing 0.8% Debt Free Gross Interest Cov er 10.2 11.3 ROCE (%) 11.5% 11.2% ROE (%) (Adjusted) 12.9% 12.8% Investment…
  12. Investor Presentation – Reliance Industries Limited – slide 12
    Consolidated Performance : FY14 vs FY13 Company EBITDA - crore FY14 FY13 Change RIL 39,813 38,785 1,028 RHUSA 3,135 2,109 1,026 Recron Malaysia -119 -89 -30 GAPCO 133 138 -5 Reliance Retail 363 78 285 Others (incl. eliminations)…
  13. Investor Presentation – Reliance Industries Limited – slide 13
    Oil and Gas Exploration and Production 14 www.ril.com
  14. Investor Presentation – Reliance Industries Limited – slide 14
    Business Environment FY14 gas consumption in India at 117 MMSCMD LNG accounts for 35% of domestic consumption Globally LNG markets are likely to remain tight till 2020 Higher demand on environmental concerns from China and other…
  15. Investor Presentation – Reliance Industries Limited – slide 15
    Domestic E&P Production Update 3Q FY 14 4Q FY 14 % Chg. FY 13 FY 14 % Chg. Panna-Mukta Oil (MMBBL) 2.1 1.7 -16% 8.2 7.4 -9% Gas (BC F) 17.1 14.5 -15% 71.2 65.4 -8% T apti Oil (MMBBL) 0.1 0.1 2% 0.5 0.3 -48% Gas (BC F) 6.4 5.9 -8%…
  16. Investor Presentation – Reliance Industries Limited – slide 16
    KG-D6 Block Key Project update Successful completion of five years of uninterrupted and safe operations of D1-D3 field Base management activities in D1-D3 and MA fields Enhanced Gas Recovery activities: side-track in MA6H well…
  17. Investor Presentation – Reliance Industries Limited – slide 17
    Panna-Mukta & Tapti - Update Panna-Mukta Block JV completed 2 more infill wells in PG area during 4Q FY14; in all 12 wells (6 in PL area and 6 in the PJ and PG areas) were drilled and put to production 17 days shutdown in FY14 for…
  18. Investor Presentation – Reliance Industries Limited – slide 18
    Other Key Project Updates CY-D5 block: 2 exploratory wells S1 and S4 drilled in FY14 Well S4 completed during 4Q FY14, assessment is underway Appraisal program submitted for S1 (D56) discovery to DGH for review Relinquishment of…
  19. Investor Presentation – Reliance Industries Limited – slide 19
    Coal Bed Methane (CBM) Development activities commenced in 2 CBM blocks Sohagpur East and West First gas production expected in FY16 Development program envisages drilling of over 200 wells and two Gas Gathering Stations and 8 Water…
  20. Investor Presentation – Reliance Industries Limited – slide 20
    Shale Gas Business 21 www.ril.com
  21. Investor Presentation – Reliance Industries Limited – slide 21
    Price Environment Natural gas price trends improved, supported by weather conditions US Natural Gas Inventory Levels (Bcf) Nymex averaged 4.94/MMBtu in 4QFY14, up 37% Q-o-Q Henry Hub cash prices breached the 5/MMBtu in early Feb14…
  22. Investor Presentation – Reliance Industries Limited – slide 22
    Business Performance Highlights 4Q 3Q 4Q % Chg. from FY14 FY13 % Chg. from FY14 FY14 FY13 3Q FY14 FY13 Production (BCFe) 44.2 43.0 36.3 3% 161.6 118.8 36% Revenues ( MM) 266 221 193 20% 893 616 45% EBITDA ( MM) 199 175 155 14% 659…
  23. Investor Presentation – Reliance Industries Limited – slide 23
    Business Growth Trends Net Sales Volumes Total Wells Drilled and Put on (Reliance Share) Production 40.0 NGLs Condensate Gas 36.7 37.5 900 813 35.0 6.4 760 30.8 32.3 31.4 6.1 800 697 RIL Share of Volumes (Bcfe) 30.0 27.8…
  24. Investor Presentation – Reliance Industries Limited – slide 24
    Pioneer JV Progress Overview 4QFY14 3QFY14 % change FY14 FY13 % change Avg. Rigs operating 10 10 0% 10 11 -9% ITD Wells drilled 437 406 8% 437 302 45% ITD Wells on Line 403 371 9% 403 281 43% RIL share Gross JV 25.7 25.3 2% 96.1…
  25. Investor Presentation – Reliance Industries Limited – slide 25
    Carrizo JV Progress Overview 4QFY14 3QFY14 % change FY14 FY13 % change Avg. Rigs operating 1 1 0% 1 1 0% ITD Wells drilled 98 95 3% 98 74 32% ITD Wells on Line 64 59 8% 64 38 68% RIL share Gross JV 7.3 6.6 11% 25.3 18.7 35%…
  26. Investor Presentation – Reliance Industries Limited – slide 26
    Chevron JV Progress Overview 4QFY14 3QFY14 % change FY14 FY13 % change Avg. Rigs operating 4 3 33% 4 4 0% ITD Wells drilled 278 259 7% 278 196 42% ITD Wells on Line 186 183 2% 186 121 54% RIL share Gross JV 11.2 11.1 1% 40.3 21.0…
  27. Investor Presentation – Reliance Industries Limited – slide 27
    Shale Gas JVs: Development Progress Overview Particulars Pioneer JV Carrizo JV Chevron JV TOTAL Average Rigs in operation 10 1 4 15 Wells Drilled (Inception to date) 437 98 278 813 Wells Drilled in 4Q FY14 31 3 19 53 Total on line…
  28. Investor Presentation – Reliance Industries Limited – slide 28
    Refining & Marketing 29 www.ril.com
  29. Investor Presentation – Reliance Industries Limited – slide 29
    Performance Highlights : FY14 FY14 GRM of 8.1/bbl for FY14 10 9.2 8.1 14000 8.4 8.6 Record full year EBIT of 13,220 crore 12000 8 6.6 10000 Crude processing of 68 MMT, operating rate of 110% ( crore) 6 ((/bbl) 8000 4Q…
  30. Investor Presentation – Reliance Industries Limited – slide 30
    Business Environment Moderate oil demand recovery on the back of Brent Avg. supportive economic environment FY14: 107.6/bbl Led by Non-OECD, oil demand growth of 1.3 mbd FY13: 110.1/bbl in 2013 as compared to 1.1 mbd in 2012…
  31. Investor Presentation – Reliance Industries Limited – slide 31
    R&M Business Environment Global Refining Margins US adding excess low complexity refinery and targeting export markets due to availability of cheap indigenous feedstock European refiners challenged by the rising exports from the…
  32. Investor Presentation – Reliance Industries Limited – slide 32
    Business Environment Light Distillates - Cracks Singapore Naphtha Cracks Singapore Gasoline Cracks 5 20 0 15 /bbl /bbl -5 10 -10 5 -15 0 A M J J A S O N D J F M A M J J A S O N D J F M FY13 FY14 Source : Platts…
  33. Investor Presentation – Reliance Industries Limited – slide 33
    Business Environment Middle Distillates - Cracks Singapore Jet Cracks 25 20 15 /bbl 10 5 0 A M J J A S O N D J F M Source : Platts FY 13 FY 14 Source : Platts Middle distillate cracks remain robust Jet-kero cracks…
  34. Investor Presentation – Reliance Industries Limited – slide 34
    Business Environment Fuel Oil - Cracks Singapore FO Cracks Asian Fuel Oil cracks witnessed a weak period 0 through out the year -5 Summer demand and tightness in freight market /bbl on account of Chinese New Year provided…
  35. Investor Presentation – Reliance Industries Limited – slide 35
    Business Performance Asian Product Y-o-Y Q-o-Q FY14 FY13 4Q FY14 3Q FY14 Cracks (/bbl) Change Change Naphtha -4.3 -5.0 0.7 -1.5 -3.0 1.5 Gasoline 12.7 15.4 -2.7 14.6 9.2 5.4 Jet/ Kero 16.7 18.9 -2.2 17.0 17.3 -0.3 Gasoil 17.4…
  36. Investor Presentation – Reliance Industries Limited – slide 36
    The Crude Advantage Ability to process a wide range of crude grades gives RIL its biggest competitive edge RIL processes one of the most challenging crude slates globally 64% of the total crude consumption in FY14 was Advantaged…
  37. Investor Presentation – Reliance Industries Limited – slide 37
    The Product Advantage Product Placement - Gasoil Product mix, ability to switch grades and global reach in product placement are the key 11% 17% 11% competitive strengths of the Jamnagar complex 3% 20% Significant flexibility to…
  38. Investor Presentation – Reliance Industries Limited – slide 38
    Operational Excellence - Marketing India Domestic Demand (KT) Refinery Sales (KT) Product FY14 FY13 %Change (Unit in KT) FY 14 FY 13 % Change Gasoline 17128 15744 9% PSU Sales 6,783 9,687 -30% Gasoil 68283 69034 -1% Exports…
  39. Investor Presentation – Reliance Industries Limited – slide 39
    Petcoke Gasification Project Progress Focus shifting from Engineering and Procurement to Construction Key Petcoke handling facility nearing completion Equipment deliveries about to commence Focus in expeditious commissioning of…
  40. Investor Presentation – Reliance Industries Limited – slide 40
    R&M Business Outlook 2014 Macroeconomic environment showing signs of improvement Global GDP expected to grow by 3.5% in 2014 compared to 3.0% in 2013 Strength in the economic environment likely to translate into moderately strong…
  41. Investor Presentation – Reliance Industries Limited – slide 41
    Petrochemicals 42 www.ril.com
  42. Investor Presentation – Reliance Industries Limited – slide 42
    Business Environment Feedstock prices were marginally lower in FY14 Naphtha prices down 1% due to higher cracker turnaround activity and increased LPG cracking due to favourable economics Global ethylene operating rates remained…
  43. Investor Presentation – Reliance Industries Limited – slide 43
    Global Ethylene Operating Rates Global operating in 2013 at the highest level in last five years Led by improvement in North America (shale gas resurgence) and South East Asia Asian operating rates firm despite feedstock…
  44. Investor Presentation – Reliance Industries Limited – slide 44
    Global Ethylene : Incremental Demand-Supply Global Ethylene Supply Demand Additions 90.0% 10.0% Global Supply Demand Additions(%) 8.0% 88.0% Operating Rates % 6.0% 86.0% 4.0% 2.0% 84.0% 0.0% -2.0% 82.0% -4.0% 80.0%…
  45. Investor Presentation – Reliance Industries Limited – slide 45
    Global Ethylene Supply to Remain Tight Early 2013 Estimates Current Estimates (March 2014) 8000 7264 7000 6349 6000 4574 Capacity in KTA 5000 2452 4188 4000 3357 3000 1763 1766 2000 1000 0 2013 F 2014 F 2013 F…
  46. Investor Presentation – Reliance Industries Limited – slide 46
    Price Movement % % /MT 3Q FY14 4Q FY14 FY13 FY14 Change Change Oil - Dubai (/bbl) 107 104 -3% 107 105 -2% Naphtha 913 903 -1% 891 882 -1% Ethylene 1439 1437 0% 1254 1369 9% Propylene 1388 1338 -4% 1293 1347 4% EDC 395 483 22%…
  47. Investor Presentation – Reliance Industries Limited – slide 47
    Polymer Delta PP-Propylene 5 Year Avg. HDPE-Naphtha 5 Year Avg. 250 700 200 597 605 595 200 600 546 500 482 148 135 150 150 134 400 /MT /MT 100 300 200 50 100 0 0 4Q FY13 3Q FY14 4Q FY14 FY13 FY14 4Q FY13 3Q FY14 4Q…
  48. Investor Presentation – Reliance Industries Limited – slide 48
    India Polymer Demand : FY14 vs. FY13 FY14 demand marginally higher at 3% due to FY14 vs. FY13 Demand Growth (%) 6% 5% overall slow demand in end use sector 4% Improved demand from packaging, 3% 2% moulded products and duct for…
  49. Investor Presentation – Reliance Industries Limited – slide 49
    RIL Stable Operating Performance RILs FY14 polymer production at 4.5 MMT, up 2% RIL Production RIL continued to maintain domestic market leadership PVC PP PE 5000 Overall RILs polymers production share was 60% 4000 620 671 in…
  50. Investor Presentation – Reliance Industries Limited – slide 50
    New PP Application: Industrial Refrigerator Liners Introduced PP (Repol B120MA) moulding application for Industrial Refrigerator Liners replacing ABS New product offers following advantages: Economical Easy processing Better…
  51. Investor Presentation – Reliance Industries Limited – slide 51
    Outlook Global operating rates expected to improve to around 88% in the medium term Global consumption to improve on US economic rebound and signs of EU recovering Asia to account for large share in global polymers demand growth…
  52. Investor Presentation – Reliance Industries Limited – slide 52
    Chemicals and Elastomers 53 www.ril.com
  53. Investor Presentation – Reliance Industries Limited – slide 53
    Benzene Benzene margins improved with Benzene-Naphtha 5 Year Avg. 500 459 recovery in operating rates and stable to 399 400 370 394 369 weak naphtha prices 300 /MT 200 FY14 domestic demand remained stable 100 FY14 RIL…
  54. Investor Presentation – Reliance Industries Limited – slide 54
    Butadiene Demand for Butadiene (BD) in Asian region Butadiene-LPG 5 Year Avg. remained sluggish due to poor market 1200 1108 conditions for downstream customers, 883 900 putting pressure on BD prices 605 /MT 600 484 422…
  55. Investor Presentation – Reliance Industries Limited – slide 55
    Polybutadiene Rubber (PBR) RIL is the only manufacturer of PBR in India PBR-Butadiene 5 Year Avg. RIL production at 80 KT in FY14 1000 849 800 New capacity add of 40 KTPA to meet 706 632 600 562 495 /MT domestic demand…
  56. Investor Presentation – Reliance Industries Limited – slide 56
    Linear Alkyl Benzene (LAB) Competition in domestic LAB market LAB-KB 5 Year Avg. 900 intensified on account of availability of 750 697 640 632 604 640 imported LAB at competitive prices 600 /MT 450 Volatility in downstream…
  57. Investor Presentation – Reliance Industries Limited – slide 57
    Project Status Installed Capacity Proposed Expansion Total Capacity (KTA) (KTA) (KTA) Poly Butadiene Rubber 74 40 114 Styrene Butadiene Rubber - 150 150 Butyl Rubber - 120 120 Setting up world scale SBR plant and unique…
  58. Investor Presentation – Reliance Industries Limited – slide 58
    Polyester & Fibre Intermediates 59 www.ril.com
  59. Investor Presentation – Reliance Industries Limited – slide 59
    Business Environment Polyester markets globally continued to be under pressure from capacity overhang and cautious buying Polyester downstream margins remained firm; PET deltas improved 29% Y-o-Y Polyester chain margins impacted…
  60. Investor Presentation – Reliance Industries Limited – slide 60
    Price Movement % % /MT 3Q FY14 4Q FY14 FY13 FY14 Change Change Oil - Dubai (/bbl) 107 104 -3% 107 105 -2% Naphtha 913 903 -1% 891 882 -1% PX 1,426 1,298 -9% 1506 1395 -7% PTA 1,009 931 -8% 1100 1019 -7% MEG 1,045 963 -8% 1045…
  61. Investor Presentation – Reliance Industries Limited – slide 61
    Domestic Business Environment Healthy filament demand growth owing FY14 vs. FY13 Demand Growth (%) to import substitution and new 8% 7% application areas in FDY 6% 6% 6% Polyester exports increased 12% Y-o-Y 4% supported by…
  62. Investor Presentation – Reliance Industries Limited – slide 62
    Polyester Chain Delta (South East Asia) US/MT Long Term Avg: US 707/MT Despite recent weakness in intermediate margins, FY14 polyester chain deltas close to long-term averages 63 www.ril.com Source: Platts, ICIS
  63. Investor Presentation – Reliance Industries Limited – slide 63
    Polyester Delta Scenario POY-PTA-MEG 5 Year Avg. PSF-PTA-MEG 5 Year Avg. 300 200 176 158 196 205 133 132 200 186 183 119 175 /MT /MT 100 100 0 0 4Q FY13 3Q FY14 4Q FY14 FY13 FY14 4Q FY13 3Q FY14 4Q FY14 FY13…
  64. Investor Presentation – Reliance Industries Limited – slide 64
    Fibre Intermediates Delta Scenario PX-Naphtha 5 Year Avg. PTA-PX 5 Year Avg. 800 200 737 615 600 513 150 514 106 /MT 395 98 /MT 400 100 65 74 68 200 50 0 0 4Q FY13 3Q FY14 4Q FY14 FY13 FY14 4Q FY13 3Q FY14 4Q…
  65. Investor Presentation – Reliance Industries Limited – slide 65
    RIL Operational Highlights 1800 PET PSF PFY 5000 MEG PTA PX 1600 682 675 351 347 4000 1400 1200 (Volumes in KT) (Volumes in KT) 3000 2087 2045 1000 612 630 800 2000 600 400 1000 1995 1989 670 671 200 0 0 FY13…
  66. Investor Presentation – Reliance Industries Limited – slide 66
    Man Made Fibre Use Segmentation Polyester Nylon Acrylic Viscose Industrial Textile 6% 4%3% 2% 16% 4% 5% 21% Home 1% Textile Apparel 24% 60% 15% 63% 85% 91% MMF End use Apparel Industrial Home Textile Polyester…
  67. Investor Presentation – Reliance Industries Limited – slide 67
    New Product Developments Apparel fibre and yarns Slub yarn Linen look in fabrics Sparkle High shinning effect for fashion wear Shimmer Light and shade effect for party wear Recron Pre-colured fibres Denim Fabrics Coloured SHT…
  68. Investor Presentation – Reliance Industries Limited – slide 68
    Outlook Increasing share of MMF in all fibre consumption, largely in China; likely to favour overall polyester consumption Polyester accounts for 54% share in global textile consumption versatile applications to increase share PET…
  69. Investor Presentation – Reliance Industries Limited – slide 69
    Reliance Retail 70 www.ril.com
  70. Investor Presentation – Reliance Industries Limited – slide 70
    4Q/FY14 Key Highlights FY14 turnover at 14,496 crore; growth of 34% 4Q FY14 turnover at 3,639 crore; up 19% Established leadership in Wholesale Cash & Carry format through Reliance Market Consolidated leadership position in…
  71. Investor Presentation – Reliance Industries Limited – slide 71
    Performance Overview Business Mix 14,496 34% Retail business achieved PBDIT of 10,800 363 crore for FY14 92 crore for 4Q FY14 19% 3,639 3,051 Q4 Full Year FY 2012-13 FY 2013-14 Revenue Mix Q4 FY 14 Revenue Mix FY…
  72. Investor Presentation – Reliance Industries Limited – slide 72
    Pan-India Store Network Operating 11.7 m sq. ft of retail space across the country 367 2.3 Added 0.9 m sq. ft. in the quarter 542 Presence in 146 cities across 20 4.0 131 0.9 states Store Count 651 Area (mn Sq Ft) 4.5…
  73. Investor Presentation – Reliance Industries Limited – slide 73
    Value Formats Strengthened market leadership position Share of trade increased by 1% as compared to last year - increase registered across segments* Achieved LFL growth of 9% for FY14 Focus on Own Label products Increasing…
  74. Investor Presentation – Reliance Industries Limited – slide 74
    Market Wholesale Cash & Carry Largest chain in the country within two years of launch Operating 32 stores Accelerated store openings added 15 stores in 4Q Plan to continue current pace of growth Store expansion network to…
  75. Investor Presentation – Reliance Industries Limited – slide 75
    Digital Largest national chain operating 284 stores New format Digital Express Mini mobility & communication products and solutions Smaller sized stores with the potential to scale rapidly across all cities Focused on…
  76. Investor Presentation – Reliance Industries Limited – slide 76
    Fashion & Lifestyle Over 150 operational stores for Reliance Trends Sector continued strong LFL growth in excess of 20% for FY14 Continued focus on growing share and relevance of own brands portfolio Focused on driving…
  77. Investor Presentation – Reliance Industries Limited – slide 77
    Jewellery Difficult operating environment continues Undertook several business efficiency improvement measures Improvements in product ordering & inventory management efficiency and control Improving product assortment at…
  78. Investor Presentation – Reliance Industries Limited – slide 78
    Brands Operating over 100 stores Reliance Brands recorded strong sales growth Annual revenue increased by 56% Y-o-Y Continuing to explore partnerships with internationally revered brands Launched Quiksilver.in, the second…
  79. Investor Presentation – Reliance Industries Limited – slide 79
    Summary 80 www.ril.com
  80. Investor Presentation – Reliance Industries Limited – slide 80
    Summary Record profits from operating businesses Strong refining earnings despite challenging environment scale, configuration and sourcing flexibility enabled RIL to outperform regional benchmarks Petrochemicals reflect resilience…
  81. Investor Presentation – Reliance Industries Limited – slide 81
    Thank You

From the store

Browse maps, data & reports in the Shale Experts store