Operational Highlights 3Q FY15 Refining Crude throughput of 17.7 MMT, operating rate of 114% GRM at 7.3/bbl as compared to 7.6/bbl last year ( 8.3/bbl in 2Q FY15) Higher product cracks, crude throughput and effective risk management…
Consolidated Financial Results : 9M FY15 % Change (in Crore) 9M FY15 9M FY14 Y-o-Y T urnover 317,631 340,131 -6.6% Segment EBIT 20,854 18,392 13.4% Net Profit 17,185 16,612 3.4% 9M FY15 Turnover decline led by dramatic fall…
Refining & Marketing 9 www.ril.com
Oil Price Decline Return of Libyan barrels (/bbl) First sign of oversupplied market 110 US strengthens; Oil breaches 100 level after 17 months 100 IEA downgrades global oil Oil prices remained range consumption forecast; EIA…
Call on OPEC 14 35 34 (% SHARE) 12 33 (MMBBL) 32 10 31 30 8 29 2011 2012 2013 2014 2015 Forecast US Oil Production % Share of OPEC in Global Oil Supply 2015 Change (in MMBBL) 2011 2012 2013 2014 Forecast (2014…
Oil Price At a Critical Juncture Oil price approaching the Shut-in Zone 120 Below 40/bbl oil price, increasing 100 quantity of oil fall below production Replacement Zone 80 costs Oil Price (/bbl) Replacement Zone: The…
Business Environment Global economic growth on the path of a steady recovery Positive macroeconomic indicators from US Emerging economies including China, grow at a modest pace Healthy demand from Non-OECD countries lead to an…
Light Distillates Cracks Gasoline cracks remain supported on the back of strong demand Asian gasoline cracks remained supported initially by outages and strong buying from Indonesia; however, increase in pump prices in Indonesia…
Middle Distillates Cracks 25 9 20 7 5 15 3 10 1 -1 5 -3 0 -5 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Regrade (RHS) Jet Gasoil Gasoil strengthened in Singapore and Europe Weakness in crude led to stronger gasoil cracks…
Fuel Oil Cracks -4 Asian Fuel Oil cracks strengthened boosting -5 Singapore margins -6 -7 Falling outright prices increased demand -8 -9 Improvement in bunker sales coupled with -10 fear of supply disruption due to…
The Asset Advantage Record crude processing of 17.7 MMT for the quarter Refinery utilization rate of 114% Swing flexibility between naphtha and gasoline utilized to take advantage of the strong reforming margins naphtha production…
Crude Sourcing Advantage Asset flexibility and logistics infrastructure allows optimization of crude portfolio to suit the changing market conditions Focus on advantaged feedstock acquisition 3 new crudes processed during the…
Business Performance Strong underlying business Asian Product 3Q 2Q Q-o-Q 3Q Y-o-Y Cracks (/bbl) FY15 FY15 Change FY14 Change performance on the back of Supportive crude markets Naphtha -5.1 -1.6 -3.5 -3.0 -2.1 Healthy product…
Petroleum Retail Plan Success Story of 2006 Achieved market share of 14.3% in HSD and 7.2% in MS 2015 and beyond 230 Outlets already commissioned Plan to commission entire network within a year Launch of aggressive consumer…
Petroleum Retail Value Proposition Right Quantity and Quality of fuel at the Right price Consistent customer experience across all touch points through efficient mix of People, Processes and Technology Unique Value Added Services…
R&M Business Outlook 2015 Prices have crashed very near to the marginal production cost; eventually need to recover to support new developments Post recent crash, oil prices likely to witness slow recovery, leading to a sustained…
Petrochemicals 23 www.ril.com
Business Environment: Sharp Decline in Prices Entry price Exit price % Feedstock and product prices witnessed /MT 01-Oct-14 31-Dec-14 Change sharp downturn, uncertainty continues Oil - Dubai (/bbl) 93 53 -43% Naphtha prices in Asia…
Business Environment : Demand Supported Deltas Ethylene & Polymer Polymer Demand Growth Deltas 9M FY15 Indian polymer demand Ethylene spread close to all- up 5.2% time high 600/ MT PE: up 5.0% On Q-o-Q basis : PP : 5.3% PP…
India Polymer Demand: 9M FY15 Domestic demand up 5.2% India Demand (9M FY15 vs. 9M FY14) 6.0% 5.3% 5.4% 5.2% End use demand across all majority sectors 5.0% remained moderate to higher 4.0% RIL Polymer production (9M FY15) lower…
Outlook Low oil prices and growth in U.S. supportive of global economic recovery Weak Eurozone and signs of stress in China and Japan are concerns Asian polymer demand to grow faster than global demand growth Global ethylene…
Elastomers 34 www.ril.com
Polybutadiene Rubber (PBR) PBR prices declined by 13% on Q-o-Q basis due PBR-Butadiene 5 Year Avg. to weak market conditions 800 702 678 Deltas improved due to sharper (-28%) 600 566 585 522 Q-o-Q drop in BD prices /MT 400…
Styrene Butadiene Rubber (SBR) SBR prices dropped by 15% in 3Q FY15 Deltas improved due to sharper 25-28% SBR-BD-Styrene 5 Year Avg. Q-o-Q drop in styrene and BD prices 800 682 674 Falling crude oil and natural rubber prices…
Polyester & Fibre Intermediates 37 www.ril.com
Business Environment Sharp decline in oil prices impacted Entry price Exit price % /MT aromatics and intermediate prices and 01-Oct-14 31-Dec-14 Change margins Oil - Dubai (/bbl) 93 53 -43% PX, PTA and MEG prices touched multi year…
Polyester Demand Domestic demand improvement led by FDY and PET 9M FY15 vs. 9M FY14 Demand Growth (%) Growth impacted by global meltdown in 6% feedstock prices 4% 4% 4% PSF and PET imports declined due to price 3% volatility…
RIL Operational Highlights Production (KT) 9M FY14 9M FY15 Production (KT) 9M FY14 9M FY15 PX 1487 1611 POY 470 640 PTA 1552 1553 PSF 478 464 MEG 507 468 PET 260 289 TOTAL 3546 3632 TOTAL 1208 1390 Production of…
New Product Developments Apparel fibre and yarns Recron Linen Special thick and thin FDY Used in fabric through twisting and texturizing for fancy effect Recron Recro Bulk Sparkle Additional bulk and shine For rugs, fancy yarn…
Outlook Feedstock price stability could spur demand for building pipeline stock in the polyester and textile chain Low polyester prices to uplift demand in near term, however buyers still cautious Chinese industry expected to gain…
Oil and Gas Exploration and Production 46 www.ril.com
KG-D6 Block Key Project Update Compressor U-301 & U-201 Onshore Terminal Booster Compressor (OTBC): All construction activity completed Final tie-ins underway System charging and testing underway Target commissioning of 2…
Other updates Panna Mukta and Tapti field Rig was mobilized towards the end of 3Q FY15 to drill work-over wells and MB wells Cessation of production from Tapti is likely to occur over the next six month Relinquished block KG-D3…
Coal Bed Methane Development activities commenced in 2 CBM blocks Sohagpur East and West Phase-1 development program envisages drilling of more than 200 wells Two Gas Gathering Stations and 8 Water Gathering Stations The land…
Coal Bed Methane Progress Update GGS -11 View from Substation Gas Dehydration Unit TL-9 Well site- Surface facilities installation CTMS 51 www.ril.com
Shale Gas Business 52 www.ril.com
Price Environment Gas & NGLs Natural Gas prices remained volatile with a downward bias US Natural Gas Inventory Levels (Bcf) HH spot declined 24% from 4.14/MMBTU in Oct14 to 3.14/ MMBTU in Dec14, with milder weather and accelerated…
Price Environment WTI WTI prices dropped dramatically by 40% in 3Q WTI Forward Curves FY15 Forward price curves for WTI and Brent have re- set at lower levels Downward oil demand revisions driven by slowing economies in EU, China…
Eagle Ford : Among Most Competitive Liquids Shale Plays Reliance JV EF Leases. Near term drilling focused in Karnes County Reliance JV acreages at the core of Eagle Ford shale 55 www.ril.com
Business Growth Trends Net Sales Volumes Total Wells Drilled and Put on (Reliance Share) 1200 Production 50.0 45.3 NGLs Condensate Gas 42.9 41.2 971 45.0 1000 932 888 RIL Share of Volumes (Bcfe) 38.2 7.9 825 40.0 36.7 7.6…
Shale Gas JVs: Development Progress Overview Particulars Pioneer JV Carrizo JV Chevron JV TOTAL Average Rigs in operation 9 - 1 10 Wells Drilled in 3Q FY15 34 - 5 39 Wells put online in 3Q FY15 30 5 32 67 Total Wells Drilled…
Reliance Retail 59 www.ril.com
3Q FY15 Key Highlights Continued growth momentum despite challenging macro-economic environment Turnover for 3Q FY15 at 4,686 crore, up 19% Y-o-Y LFL growth of up to 19% across formats Record quarterly PBDIT of 227 crore, Y-o-Y…
3Q FY15 Format wise Growth 3Q overall turnover growth at 19% Turnover Growth Y-o-Y 34% Festive demand supported by wider offerings 32% 32% Turnover increase across most format sectors 15% Digital and Fashion & Lifestyle…
Pan-India Presence Store Count by Format Sector Sep 30, 2014 Dec 31, 2014 472 Jewellery 53 53 Brands 100 104 714 246 Digital 689 920 Fashion & Lifestyle 569 599 Store Count Value & Others 595 609 853 Total 2,006…
Value Increasing store densities in identified markets for greater efficiencies 15 Reliance Fresh stores added in cities with existing presence Own brand products continue to gain traction with consumers Reliance Fresh Direct…
Digital Established as the largest mobile phone retail chain in the country in a short period Added 231 stores in 3Q, total operational stores at 920 Differentiated sales experience backed by service network propelling growth…
Fashion & Lifestyle Reliance Trends consolidating position as the largest apparel retailer in the country Presence in over 100 cities across India Operationalizing of Design studio further strengthened product innovation and…
Brands & Jewellery Brands Continuing growth momentum 3Q turnover increased by over 30% on Y- o-Y basis Signed an exclusive distribution agreement with globally renowned, casual luxury lifestyle brand, Juicy Couture Further…
Project Update 68
Jamnagar Projects - Engineering Engineering is more than 90% complete with focused efforts from Project Management teams and engineering contractors Renowned EPC companies with global reach including Fluor, Bechtel, Technip,…
Jamnagar Projects - Engineering Over 4000 P&IDs issued for process engineering Over 350,000 isometrics being issued for underground and aboveground piping More than 9,000 foundation and superstructure drawings issued for…
Jamnagar Projects - Procurement Procurement of mechanical tags, electrical, instrumentation and bulk material completed Orders placed on vendors across the globe including the majors like L&T, GE Energy, Linde, Atlas Copco, Doosan,…
Jamnagar Projects - Procurement Mechanical Equipment : Over 7,000 pieces ordered including 100 compressors, over 2,000 pumps and more than 150 columns and reactors Over 5,000 km pipe and 3 million flanges, fitting, valves ordered…
Jamnagar Projects - Construction Construction work is in full swing to support the project requirement Best safety performance in India and globally first quartile performance being achieved on the project with the help of systems…
Jamnagar Projects - Construction Concrete - Batching plants operating to full capacity to support construction plan, more than 150,000 cum of concrete being poured on a monthly basis Structural Steel - More than 20,000 MT being…
Site Progress Photographs 75
Gasification Pipe Rack & Equipment Erection 76
Gasification Gasifier Erection 77
Gasification Gasifier Structure Installation 78
Gasification Petcoke Dome Internal View 79
Gasification Petcoke Handling System 80
Paraxylene Overview 81
Paraxylene Heater Assembly 82
Paraxylene Sub Station Equipment 83
Cryogenic Tank Dome Air Raising 84
ROGC Heater Package 85
ROGC Column in Transit 86
C2 complex Pipe Rack & Structure Erection 87
BRU Equipment & Pipe Rack Erection 88
Gas Turbine Assembly 89
Desalination Package Assembly 90
Summary 91 www.ril.com
Summary Resilient performance of hydrocarbon businesses in turbulent commodity markets highlight our robust risk management and proficiency of our people and processes Refining strong product cracks, better crude differential…