1 / 41

Performance 2007-08

Performance 2007-08. Press conference New Delhi, 28th May 2008. Covers…. Highlights 2007-08 Performance Physical Financial Group companies Open Forum. Highlights 2007-08. Indian Oil Group of Companies. Highlights 2007-08 Performance against odds. Turnover Rs. 2,47,479 crore

parvani-gautam
Download Presentation

Performance 2007-08

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Performance2007-08 Press conferenceNew Delhi, 28th May 2008

  2. Covers… • Highlights2007-08 • Performance • Physical • Financial • Group companies • Open Forum

  3. Highlights 2007-08 IndianOilGroup of Companies

  4. Highlights 2007-08Performance against odds • Turnover Rs. 2,47,479 crore • Profit After Tax : Rs. 6963 crore • Highest ever product sales • Highest ever throughput of refineries and Pipelines • Refineries surpassed 100% capacity utilization • Consolidated petrochemical business

  5. Highlights 2007-08Performance against odds • IBP Petroleum business integrated with IOC Marketing Division following its merger on 2nd May 2007 • SERVO lubricants exports grew by 56%; Footprints extended to Indonesia, Vietnam, Nigeria and Oman • Moved up 18 places to 135 in ‘Fortune Global 500’ listing in 2007 • 20th largest petroleum company of the world

  6. PerformanceScaling new heights IndianOilGroup of Companies

  7. RefiningRaising the bar 100.1% Capacity Utilization (%) 98.3% 93.1% 7.7% 14% Throughput (Million Tonnes) Highest-ever Throughput in 2007-08

  8. RefiningImproving margins • Highest ever high sulphur crude oil processed - 48.8% against previous high of 43.7% • Processed 9.4% heavy crude oil against 3% in 2006-07. • New facilities at Mundra Port for handling heavy crude oil and blending heavy and light grades • Sharing of feedstock & intermediates among group refineries for maximizing capacity utilization & value addition • Lowest energy consumption of 67 MBN* vis-à-vis 71 MBN in 2006-07 * An energy index defined asMbtu/Bbl/NRGF

  9. PipelinesUnderground highways Throughput (Million Tonnes) 57.1 10.5% 51.7 14% 45.3 Products Crude Oil Highest-ever Throughput in 2007-08 Crude blending facilities commissioned at Mundra Port to improve refining margin

  10. MarketingFuelling the economy Domestic Sales (Million Tonnes) 59.3 Gas 54.8 8.1% 15.4% 47.5 Products Highest-ever Sales in 2007-08

  11. MarketingReaching out, touching lives • Thrust on KSKs continued with commissioning of 727 KSKs out of 1187 ROs opened during 2007-08, taking their total number to 2050 out of 17642 ROs • Enrolled 37 lakh new Indane customers, taking total strength to over 504 lakh • Opened 4 new Aviation Fuel Stations, with their number reaching 101 • 352 Bulk consumer pumps added during 2007-08, their number growing to 7140

  12. MarketingReaching out, touching lives (Figures in brackets indicate % share in the Industry) As on 1.4.2008 LPG Bottling Plants 89 (49.7%) Petrol/Diesel Outlets 17,642 (47.7%) Including 2050 KSKs Bulk Consumer Pumps 7,140 (88.3%) Terminals/Depots 166 (43.6%) LPG Distributorships 4,996 (53.3%) SKO/LDO Dealerships 3,963 (63.7%) Aviation Fuel Stations 101 (67.3%) Over 34,000 marketing touch points (55.5 % of Industry)

  13. MarketingPremium offerings • Branded fuels • XTRAPREMIUM and XTRAMILE registered growths of 89% and 65% respectively vis-a-vis previous year • XTRAPREMIUM introduced in 2838 new outlets, extending availability to 7071 ROs • XTRAMILE introduced in 2245 new outlets, making it available in 10477 ROs ….maintaining leadership

  14. MarketingPremium offerings • Branded services • XTRAcare outlets – providing value added services, increased from 1052 to 1994 • SERVOXPRESS launched as one stop shop for auto care services – from 3 in 2006-07 to 161 in 2007-08 • XTRAPOWER Fleet Card : 13.8 lakh members, about Rs. 9,800 crore transaction • IndianOil Citibank Co-branded Card: over 9 lakh members, Rs. 275 crore transaction

  15. MarketingQ & Q Assurance • Retail automation - completed in 1038 outlets • Real time stock update • Enhanced customer service through automatic billing and history of transactions • Vehicle tracking System - completed for 14371 trucks • To ensure that quality product reaches the customer at retail outlets ….gaining customer confidence

  16. R & DCommercializing in-house technologies • Obtained approval for 12 patents, including 1 from U.S. Total No. of patents obtained – 120, including 50 international patents • 160 lubricant formulations commercialized and 46 approvals obtained from OEMs • In-house developed Needle Coke (Niche product) technology licensed to Numaligarh Refineries Ltd. ….leading indigenous technology development

  17. Exploration & ProductionBackward integration • Gas discovery made in Assam by consortium of IOC, OIL and HOEC. Commercial viability being established • Consortium of IOC-OIL-Sonatrach (Algeria) awarded Area 95/96 in Libya. EPSA signed on 25th May 2008 • A Special Purpose Vehicle- Ind-OIL Overseas Ltd. formed between OIL and IOC and incorporated at Port Louis, Mauritius to undertake acquisition of overseas E&P assets

  18. Domestic Overseas Exploration & ProductionBackward integration • NELP Rounds ( 8 blocks) • CBM Rounds ( 2 blocks) • Farm – in ( 1 block) Bidding • Yemen (2 blocks) • Libya (3 blocks) • Iran (1 block) • Farm-in • Gabon (1 block) • Nigeria (1 block)

  19. PetrochemicalsAdding to the bottom line • Revenue of over Rs. 2500 crore achieved through petrochemical sales • Achieved 11.7% growth in LAB sales, including export of 28.97 TMT • IOCLAB exports to nine countries, including to Pakistan and Philippines for the first time • Maiden export of paraxylene to Indonesia, Thailand and Malaysia

  20. GasFuel of the future • Successfully commissioned the technology innovation project “LNG at the Doorstep” throughcryogenic tankers for Industrial customers • Achieved gas sales of 1.74 MMT in 2007-08 against 1.48 MMT in the previous year • Signed an MoU with GAIL for incorporation of JV Company for city gas distribution in West Bengal • In discussion with several companies for gas sourcing and city gas distribution

  21. Green Agenda • Ethanol Blended Petrol (EBP) • 5% EBP supply commenced in 5 additional states and 3 UTs during the year • With the above, EBP has been introduced in 14 states and 3 UTs • Bio-diesel • Signed MoU with Chattisgarh Renewable Development Agency (CREDA) and Govt. of Chattisgarh for formation of a JV to carry out activities related to crop plantation for production of Bio-diesel on commercial scale • 2000 hectares of non-forest wasteland allotted to IOC in Jhabua district of MP for Jatropha plantation • Talks in progress with Rajasthan, Gujarat & Orissa Govts. for allocation of wasteland for undertaking bio-diesel related activities

  22. GlobalizationConsolidating presence overseas • Lanka IOC Limited • Sales grew by over 8% during the year • Market share maintained at 11.4% • 18 TMTPA lube blending plant commissioned at Trincomalee; 8 new lube distributors commissioned • State-of-the-art laboratory for testing fuels and lubricants also commissioned • Launched bunkering business

  23. GlobalizationConsolidating presence overseas • IndianOil (Mauritius) Ltd. • Overall sales grew by 19.5% to 194.9 TKL vis-a-vis 163 TKL in 2006-07 • Market share rose by 3.6% to 19.8% in 2007-08 • Emerged as the leader in the highly competitive aviation business, with a market share of 35% • IndianOil Middle East FZE • A quantum jump in the sale of Base oils and lubricants recorded in only its 2nd year of operation – sales grew to 12.65 TMT in 2007-08 as compared to 4.06 TMT in 2006-07 • SERVO distributors appointed for Oman, Qatar and Bahrain

  24. Exports Figures in MMT

  25. Capital Plan expenditure : 2007-08 Other diversification 3,259 (7.5%) Refinery capacity addition, yield & quality improvement 1738 (35.6%) Petrochemicals 2436 (49.8%) Pipelines 423 (8.7%) R&D 26 (0.5%) Marketing 44 (0.9%) Total: Rs 4,889 crore - over 100% achievement

  26. Major Ongoing Projects * Approved in principle; ** 24 months from Environment & Forest clearance

  27. Capital Plan Outlay – XI PlanInvestment for growth Other diversification 3,259 (7.5%) Refinery capacity addition, yield & quality improvement 25,400 (58.5%) Petrochemicals 11,844 (27.3%) R&D 300 (0.7%) Pipelines 1,290 (3.0%) Marketing 1,300 (3.0%) Total: Rs 43,394 crore Growth strategy is the key to success

  28. Revisiting Corporate Vision • V2 Confluence (Vision with values) • IndianOil’s Vision statement drafted in 1999. The dynamic business environment has necessitated revisiting the Vision statement to reflect new goals, aspirations and core values • A unique re-visioning exercise launched within the Corporation, called V2 Confluence(Vision with Values), engaging employees for a Shared Vision

  29. Care for Environment • Initiatives include • Green fuels • Product quality improvement • CDM projects • Effluent treatment/ ecological park in refineries • Tree plantation ….critical to sustainability

  30. Corporate Social Responsibility • Substantive contributions being made to national causes, social welfare and community development programmes throughout the country • Community Development programme adopts a multi-faceted approach involving: • Health • Family welfare • Education • Environment protection • Drinking water and sanitation • Empowerment of women • National Heritage 0.75% of net profit of the preceding year is set aside for CSR

  31. Performance (Financials) IndianOilGroup of Companies

  32. Turnover Rs. crore 2,47,479 12.1% 2,20,779 20.5% 1,83,172

  33. Net under realization Rs. crore

  34. Desired Price vs Actual Price Diesel Rs/ltr Petrol Rs/ltr 16.34 23.49 LPG-Domestic Rs/Cylinder Kerosene Rs/ltr 305.90 28.72 Delhi prices

  35. Profit After Tax Rs crore 2005-06 2006-07 2007-08 4915 7499 7499 6963

  36. Profit After Tax - Breakup

  37. Contribution to Exchequer Rs. crore 62,668 56,164 44,621 States Central

  38. Financials -Subsidiaries Rs crore * In equivalent INR ( ) Indicates loss

  39. Financials -Major JV Companies Rs crore ( ) Indicates loss

  40. Towards sustainable & inclusive growth • Thrust on • Fuelling the economy • Reaching the remote rural corners of India • Biofuel and renewable initiatives • Providing livelihood opportunities • Protecting the environment • CSR initiatives in Health, Eductaion, Women empowerment, Heritage protection, etc. ..…. for us, India first

  41. Open Forum

More Related