Bhar Bharat at Petr troleum oleum Cor Corpor poration Limit - PowerPoint PPT Presentation

Bhar Bharat at Petr troleum oleum Cor Corpor poration Limit ation Limited ed Investor Presentation June 2020 1

Dis Disclai claimer mer 2 No information contained herein has been verified for truthfulness completeness, accuracy, reliability or otherwise whatsoever by anyone. While the Company will use reasonable efforts to provide reliable information through this presentation, no representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted by the Company or its directors or employees, with respect to the truthfulness, completeness, accuracy or reliability or otherwise whatsoever of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation. Neither the Company nor anyone else accepts any liability whatsoever for any loss, howsoever, arising from use or reliance on this presentation or its contents or otherwise arising in connection therewith. This presentation may not be used, reproduced, copied, published, distributed, shared, transmitted or disseminated in any manner. This presentation is for information purposes only and does not constitute an offer, invitation, solicitation or advertisement in any jurisdiction with respect to the purchase or sale of any security of BPCL and no part or all of it shall form the basis of or be relied upon in connection with any contract, investment decision or commitment whatsoever. The information in this presentation is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Company. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition. 2

Tabl Ta ble e of of Co Conte ntents nts 1 2 3 Business Overview Corporate Overview Industry Overview Page 4 Page 25 Page 9 3

1. Cor . Corpor porat ate Over e Overvie view 4

In Intro trodu duction ction India’s 2nd largest Oil Marketing Company (OMC) with standalone domestic sales volume of 275 Ranking on Fortune 500- 2019 global list 2nd over 43.10 MMT and Market share of 22% during FY20 44 th Rank on Platt’s Top 250 Global Energy India’s 3rd largest in terms of Refining Capacity 3 rd 44 (15.33 % of India’s refining capacity) Company Rankings 2019 1.2 BPCL’s Market Capitalization recently touched ₹ 6 th India’s 6th largest company by turnover Lakh 1.2 Lakh Cr Cr Balanced portfolio with Strategically located The Govt. of India conferred BPCL with Recipient of Star PSU Award in “MAHARATNA” status in Sep 2017 Refineries and Marketing Infrastructure 2018 5

BPC BPCL L 5 Ye 5 Year ar Ke Key y Ph Physi ysical cal In Indi dicators cators REFINING CAPACITY MARKET SALES (MMT) Market Capitalization (MMT) (INR billion) 43.10 43.07 38.30 38.30 939.79 927.25 36.50 833.65 41.21 30.50 30.50 685.05 653.9 37.68 36.53 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 Entire throughput/capacity of Bina Refinery & NRL have been Market Capitalization figures as on period end considered India’s Leading Oil and Gas Company with presence across the Hydrocarbon Value Chain 6

BPCL Ev BPCL Evol olutio ution 7 CCR 1 unit at BPCL and GAIL BPCL entered the LNG Entered into Kochi Refinery GoI acquired Burmah Shell Formation of Bharat Gas Mumbai formed a JV, IGL, for market by signing a upstream business capacity Refineries. Name changed Resources Limited for focus Refinery distribution of Natural gas sales purchase and formed Bharat enhanced to BPCL in 1977 on Gas business Gas in entire capital agreement with Petro Resources to 9.5 MMTPA commissioned Bina capacity enhanced to 7.8 region Petronet LNG Limited (BPRL) in March 2014 MMTPA conferred with “MAHARATNA” status in Sep 2017 KR modernized and capacity BPCL BP CL Ev Evolution olution enhanced to 15.5 2009 MMTPA 2008 2006 2005 2003 Acquisition of upstream 2002 assets in Russia 1976 1998 Integrated Refinery Expansion Project (IREP) at Kochi Refrigerated LPG Started operations at its Bina storage and refinery by launching its crude Commissioned Energy Efficient handling facility at distillation unit CDU IV with replacement of CDU I JNPT and Uran Mumbai Refinery Commissioning of Restructured business into & II at Mumbai Refinery LPG plant First in the Indian Oil capacity enhanced to 6 MMTPA corporate centre, Strategic Euro III / IV products launched Commissioned Kota Jobner commissioned Industry to roll out 12 MMTPA Bina Refinery Business Units (SBU) and at Mumbai and Kochi Refinery Pipeline and Terminal ERP Solution Shared Entities 7

Majo Ma jor r Su Subs bsidiarie idiaries, s, JVs JV s & Asso & Associates ciates Subsidiaries Joint Ventures & Associates City Gas Aviation Upstream Refining Refining Pipelines Trading Activities Distribution Services 100.00% 61.65% 50.00% 50.00% 50.00% 22.50% 50.00%* Kochi Salem Bharat Stars Bharat Oman Indraprastha Gas Matrix Bharat Pte Pipeline Pvt. Services Pvt Refineries Limited Limited Limited Limited Limited 37.00% 25.00% 11.00% 25.00% Bharat Numaligarh Ratnagiri Refinery & PetroResources Central UP Gas Delhi Aviation Fuel LNG Refinery Limited GSPL India Transco Petrochemicals Limited Limited Facility (P) Limited Limited 12.50% 16.20% 22.50% 11.00% Kannur Maharashtra Petronet LNG Gas GSPL India Gasnet International Airport Natural Gas Limited Limited Ltd. 100.00% 25.00% 49.94% 25.00% Bharat Gas Mumbai Aviation Others Resources Limited Sabarmati Gas IHB Pvt. Ltd. Fuel Facility (P) Limited Limited 50.00% 74.00% 20.73% BPCL-KIAL Fuel Haridwar Natural Farm Facility Pvt. Gas Private Limited Ltd. FINO Paytech Ltd 50.00% Goa Natural Gas Pvt. Ltd. *From 31st March 2020, on account of conversion of share warrants issued by BORL into 8 equity shares, BPCLs paid up share capital in BORL has increased from 50% to 63.38%

2. Bu 2. Busin siness Over ess Overvie view 9

Asset Ass et Po Portfolio rtfolio 25 Blocks 25+ Global Partners 9 Countries Refining Upstream Upstream Total, al, ENI, , ONGC, GC, Rosnef osneft, , Mitsu tsui, , OIL, , Ja Japa pan n Ru Russia, ssia, Brazil, il, Mozamb zambique que, , UA UAE, , Indone donesi sia, a, Austr tralia, alia, 26 Explor plorat ation ion Disc scoveries overies Presence Ener ergy, , ADNOC OC, , Pe Petr trobr obras as etc tc. East t Timor or, , Isr srael ael, , Indi dia E&P Midstream & Downstream Refining 4 Refineries 38.30 MMT SBM 937 km Infrastructure Ref efining ining Capac pacit ity Str Strat ateg egicall ically y located ted Vadi dina nar-Bina ina Cru rude de oil pi pipe peline ne at t Vadi dinar nar and d Ko Kochi hi Refining 100% 0% BORL & N NRL considere red 52 LPG 58 Aviation 4 Lube 37 Geographical 79 Retail Marketing Infrastructure Depots Bottling Plants Service Stations blending plants Areas incl. JVs Storage 17.84 MMTPA Design capacity 2241 Km Specific & Multi Pipeline Network of Pipeline Network Product Pipeline Network Distribution Distribution ~16,200 Retail Outlets ~6,100 LPG Distributors Network Marketing STRATEGIC BUSINESS UNITS 7 EMPLOYEES 11,246 23 ENTITIES (Support Functions) 10 *Numbers in the slide are for period ending 31 st March 2020

Diversified Product Offering and Presence Across Value Chain Industrial/ Refinery Aviation Retail LPG Aviation Lubricants Gas Commercial  50+ major LNG  Refining capacity of  25.70% market  25.90% market  Currently 8,000+  25.10% market  21.20% market share 1 in ATF share 1 share 1 share 1 customers 38.3 MMTPA customers  15% of the country’s  ~16,200 retail outlets  Currently over  58 Aviation service  Currently 18,000+  79 depots refining capacity 6100 distributors stations customers  52 LPG bottling  More than 400+ /installations plants grades of products  Strategically  Pan India presence  Various Innovative  Reliable,  Present at all the  Major OEM tie ups  Emerging Markets located refineries across products offerings with innovative and major gateways such as Tata ventures in allied caring supplier of and airports for into Motors, Honda, business I&C products plane services Genuine Oil, TVS etc.  100% subsidiary  Four refineries in  Pioneer in branded  Current Domestic  Pioneer in IT  Fuel Farm  Product BGRL for focus on Mumbai, Kochi, retail outlets, customer base 8.27 integration and Operations through customization Gas business Numaligarh and branded fuels ex: Crores Supply Chain MAFFFL and  Interest in 37 GAs Bina Speed Management DAFFL 1. Market share includes sale by PSU as well as private oil marketing companies. All figures as of 31 st March 2020. For Lubricants it represents on PSUs share. 11 2. Source : Ministry of Petroleum and Natural Gas. 3. Numbers in the slide are for period ending 31 st March 2020