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CORPORATE PROFILE
PETRONET LNG LIMITED,
September, 2017
DISCLAIMER
Any information contained in this presentation should not be
taken as being a representation about facts and projection or
promise of performance, whether financial, operational or
otherwise. Nothing contained in this presentation should be
considered an invitation to transact in our securities or an offer
of our securities. This presentation is made specifically for
purposes of the meeting in which this is being presented and
not for any other purpose. You may determine that such
information may be regarded as forward-looking but we
make no assurance about any projection, extrapolation or
interpretation of the same that you may make. The
information contained herein should be treated with utmost
confidentiality and not used for any purpose. You are advised
to obtain legal advice on the nature and character of the
information and on implications of being in possession of the
same.
OVERVIEW
Global & India’s Primary Energy Consumption Scenario
India’s Gas Scenario, Infrastructure
Role of LNG in India
About Petronet’s
Dahej & Kochi Terminals
New Initiatives
Performance
3
5% 6%1%
PRIMARY ENERGY CONSUMPTION (mtoe) – WORLD
Source : BP Statistical Review-June 2017
36%
23%
28%
6% 6% 1%
Oil
Gas
Coal
Nuclear
Hydro
Renewables
Year 2005
Year 2016
4
Fuel 2005 % 2016 %
Oil 3,901 36 4418 34
Gas 2,501 23 3201 24
Coal 2,982 28 3732 28
Nuclear 627 6 592 4
Hydro 662 6 910 7
Renewables 84 1 417 3
Total 10,757 100 13,270 100
33%
24%
28%
5% 7%
3%
Oil
Gas
Coal
Nuclear
Hydro
Renewables
8% 5% 0%
PRIMARY ENERGY CONSUMPTION (mtoe) – INDIA
11% 5% 1%
Year 2005
Source : BP Statistical Review-June 2017
33%
9% 50%
1% 6% 1%
Oil
Gas
Coal
Nuclear
Hydro
Renewables
Year 2016
5
Fuel 2005 % 2016 %
Oil
120
33 213 30
Gas
32
9 45 6
Coal
184
50 412 57
Nuclear
4
1 9 1
Hydro
22
6 29 4
Renewables
2
1 16 2
Total
367
100 724 100
30%
6% 57%
1% 4% 2% Oil
Gas
Coal
Nuclear
Hydro
Renewables
INDIA – A MAJOR GAS/LNG CONSUMER
16th largest gas consumer – 50 bcm (~132 mmscmd)
4th largest LNG importer – 22.5 bcm (~59mmscmd)
Economy growing at CAGR of about 6-7% with similar growth in Energy Consumption
Government aims to increase share of Natural Gas in Indian Energy basket from 7% to 20% by 2025
Despite increase in domestic gas production- dependency on imported gas to increase substantially
Pipeline network- developing into a national grid- needs to grow faster, connecting new markets
Source : BP Statistical Review June 2017 & Vision 2030, Natural Gas Infrastructure in India
SECTOR WISE PROJECTED GAS DEMAND (mmscmd) Sector 2016-17 2019-20 2026-27
Power 157 202 309
Fertilizer 97 106 110
City Gas 22 36 68
Industrial 27 35 52
Petchem/ Refineries / Internal Cons. 47 54 103
Sponge/ Iron/ Steel 8 10 12
Total Realistic Demand 358 443 654
6
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
2016-17 2019-20 2026-27
Power
Fertilizer
City Gas
Industrial
Petchem/ Refineries / Interal Cons.
CURRENT GAS DEMAND & DOMESTIC SUPPLY SCENARIO
Large demand for gas – but extremely price sensitive
7 Source : Vision 2030, Natural Gas Infrastructure in India
140 172 212 231
358
442
625
713
0
100
200
300
400
500
600
700
800
900
1000
2016-17 2019-20 2026-27 2029-30
Demand Domestic Supply
(mmscmd)
LNG TERMINALS & GAS PIPELINES
No. TERMINAL DEVELOPERS CAPACITY
(MMTPA)
1 Dahej Petronet LNG Limited 15.0
2 Hazira Royal Dutch Shell, Total Gaz Electricite 5.0
3 Dabhol GAIL,NTPC 5.0
4 Kochi Petronet LNG Limited 5.0
30.0
1A Dahej Expansion Phase III B Petronet LNG Limited 2.5
5 Mundra GSPC, Adani 5.0
6 Ennore Indian Oil Corp, TIDCO 5.0
12.5
7 Kakinada APGDC, Shell, ENGIE or VGS 2.5
8 Dhamra Adani 5.0
9 Jafrabad (FSRU) Swan, Exmar 5.0
12.5
10 Gangavaram Petronet LNG Limited 5.0
11 Jaigarh H Energy 2.5
12 Kolkata Port H Energy 2.5
13 Chhara HPCL & Shapoorji Pallonji 5.0
14 Krishnapatnam LNG Bharat 2.5
17.5
72.5
TOTAL PROPOSED
PROPOSED
GRAND TOTAL
TOTAL PLANNED
Existing Terminal
TOTAL EXISTING
UNDER CONSTRUCTION
TOTAL UNDER-CONSTRUCTION
PLANNED
Mundra
Kakinada
Ennore
Existing P/L Network : 16200 KMS (430
MMSCMD)
Proposed additional P/L Network :
15000 KMS
Under Construction : 8000 KMS (400
MMSCMD)
Dhamra
Jafrabad
Chhara
Jaigarh
Krishnapattam
Kolkata
PETRONET LNG LIMITED
Incorporated on April 2, 1998
Authorized Capital USD 500 Million
Paid up capital USD 250 Million
Commencement of Commercial Operations - April, 2004
Equity
50% Oil & Gas PSUs (BPCL, GAIL, IOC & ONGC)
50% Public / FIIs
9
12.5
12.5
12.5
12.5
50 Public & FIIs
TOWARDS THE VISION
(USD Million)
Vision
To be a key energy provider to the nation by leveraging unique position in the LNG value-chain with international presence
Create and manage world-class LNG infrastructure
Continue excellence in LNG business
- Focus on higher capacity utilization and better operational efficiencies
- Diversify LNG sources
Diversify business
- Small Scale LNG
- Exploring business opportunities in neighboring countries
- City-gas distribution/ direct marketing
- Solid cargo port at Dahej
Maintain highest standards of business ethics
Business Strategy
Revenue growth 19% EBITDA growth 20%
10
0
1000
2000
3000
4000
5000
6000
7000
1686
2130
2639
4539
5827
6291 6583
4522
4103
196 189 257 383 408 264 266
294 490
Revenue
EBIDTA
DAHEJ LNG TERMINAL
Commencement of Operations in 2004
LNG Cargoes unloaded : 1800+
8.50 mmtpa LNG imported from Qatar under long term contract
Majority volume of 1.44 mmtpa LNG imported from Gorgon
Terminal meets almost 40% of India’s gas requirement and around 80% of LNG imports in country
Truck Loading facility can handle 3000 loadings/ yr.
Offering tolling services to aggregators like GAIL, GSPC, IOCL & BPCL Offtakers & Bulk customers like Torrent
Further expansion to 17.5 MTPA contract for LNG Regasification facility awarded
Expansion (mmtpa)
2009 10.0
2016 15.0
11
Dahej
12
DAHEJ PLANT FACILITY
DAHEJ SECOND JETTY
DAHEJ EXPANSION PHASE IIIA
DAHEJ EXPANSION PHASE IIIB1
KOCHI TERMINAL
Kochi terminal is the second regas and receiving terminal of Petronet LNG Ltd. located in Puthuvypin SEZ of Cochin Port Trust
Terminal commissioned in September, 2013 with the nameplate capacity of 5.0 mmtpa
Due to the limited length of evacuation lines from the terminal, capacity utilization is limited to 16 to 18 % only, at present
For effective utilization of Kochi terminal, ancillary services such as storage & reloading, cool down and bunkering services explored
Kochi Terminal has so far received 35 Cargoes (including 17 Reload / Cool down Cargoes and 2 bunkering).
Truck loading facility– supply through trucks being made to one customer HLL, Trivandrum and so far around 600 trucks loaded.
Long term contract of 1.44 mmtpa LNG from Exxon Mobil’s Gorgon Project (Australia) – supply commenced.
Fourth Time Charter Ship “Prachi” commenced operations.
GAIL is constructing pipeline to establish connectivity with Mangalore -completion likely by end of 2018.
KOCHI LNG TERMINAL
KOCHI FACILITY
20 20
KOCHI PIPELINES
BANGALORE
MANGALORE
KOOTTANAD
KOCHI
COIMBATORE
SALEM
KRISHNAGIRI
KOZHIKODE
KANNUR
KASARGOD
ERODE
TIRUPPUR
KAYAMKULAM
States: 03 Districts:17
No decision Delayed Completed
20
Awarded
NEW BUSINESS INITIATIVES
Launch of 1st LNG fuelled bus in Kerala on 8th November 2016
PLL is part of the team formulated by PESO for formation of rules and standards for LNG
dispensing stations
Ministry of Road Transport & Highways have incorporated LNG as an automotive fuel in
Central Motor Vehicle Rules
NEW BUSINESS INITIATIVES
Exploring opportunities of utilizing LNG
As automotive fuel for heavy duty trucks by setting up LNG
dispensing stations on major highways
As marine fuel to LNG powered inland waterway barges
LNG regasification terminals / FSRUs planned in :
Sri Lanka
Bangladesh
Andaman & Nicobar Islands
Mauritius
PERFORMANCE GRAPH
5000TurnoverPAT Rs. CroresTurnover Rs. Crores5000Net Worth 1000Sales/ Service TBTUSales/ Service TBTU
104 81
124
212 213
119
147 152
284
73
0
50
100
150
200
250
300 PAT USD Million
1686 2130
2639
4539
5827 6291
6583
4522 4103
1073
0
1000
2000
3000
4000
5000
6000
7000
Turnover USD Million
321
400 440
548 524 494 533
581
728
192
0
100
200
300
400
500
600
700
800
Sales/ Service TBTU
270 330
373 447
587
742 831
948
1063
1349
0
200
400
600
800
1000
1200
1400
1600
Networth USD Million
USD per shareUSD per share
FINANCIAL PARAMETERS
0.000.50
Year EPS (USD) P/E D/E
2008-09 0.14 11.62 1.15
2009-10 0.11 5.75 1.12
2010-11 0.17 15.19 1.20
2011-12 0.28 9.29 0.93
2012-13 0.31 8.83 0.68
2013-14 0.16 14.75 0.66
2014-15 0.20 14.52 0.45
2015-16 0.20 20.57 0.37
2016-17 0.38 17.72 0.27
Exchange Rate 1 US$ = INR 60
1.46
0.80
1.64
2.46
3.02
2.22 2.83
3.47
6.72
3.90*
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
08 09 10 11 12 13 14 15 16 Current
Market Price USD
(* - Bonus Share 1:1)
PERFORMANCE BASED ON EMPLOYEE PARAMETERS
25
A Snapshot of our Human Capital
Attrition rate: 2016-17 : 3.54% Learning & Development : 5 Mandays / Employee
Human Capital Skill Set Others
Location Male Female
Delhi 78 25 Professional : 230 76% of the professionals are of Technical
background as opposed to 24% Non Technical Tech: 175 Non Tech:55
Dahej 243 2 Technician/Operators: 182 Average Age:35.5 years (50% employees in 30-40 years age)
Kochi 129 3
Office Support : 40 (Receptionist/Assistant) Average years of association of employees
with Company: 6.7 years Support Staff: 25 (Attendant/Driver/Caretaker)
2015-16 2014-15 2013-14 2012-13
Number of Employees 466 461 427 397
Turnover/ employees (USD Million) 9.73 14.28 14.73 13.21
Profit Before Tax / Employee (USD Million) 0.43 0.35 0.53 0.80
Profit after Tax/employee(USD Million) 0.33 0.32 0.28 0.48
Employee Benefit Expenses (USD Million) 12.46 9.51 7.77 6.16
Employee Remuneration cost* (as % of Profit) 6.11% 6.46% 6.55% 3.22%
Ratings & Ranking:
Moody’s International Rating Baa3
Rated AA+ by CRISIL, India Ratings &
ICRA
50th rank Fortune India 500 (2016)
51st rank in ET 500 (2016)
26th rank in BS 1000 (2015-16)
124th rank in BT 5000(2015-16)
26th rank in FE 500 (2014-15)
Certificate of Appreciation from US
Environment Protection Agency for
maintaining low methane emissions
RATING AND RECOGNITION
CSR – PARTNERING WITH COMMUNITY
27
Healthcare and Sanitation
Casualty Complex and Trauma Care Centre at Thrikkakara Municipal Hospital.
Eye screening & cataract operational camps conducted in Delhi, Dahej, Kochi, and U.P.
Organised Swachh Bharat Pakhwada activities at Delhi, Dahej and Kochi to mobilize and
sensitize the community on Washing, Hygiene and Sanitation habits.
Under Swachh Bharat Abhiyan constructed Toilets Blocks in Gujarat, Kochi and Assam
Contribution in Ganga Surface & Ghats Cleaning Programme undertaken by Government
Education and Empowerment
Petronet Super 30 in collaboration with Indian Army & CSRL supporting underprivileged &
brilliant students of Kashmir for 11 months Residential coaching for admission to IITs/NITs.
Supported Meritorious students of project Unarvu - Akshaya Programme at Kalamassery
Organised IL&FS residential/ non residential skill training Programmes in Gujarat.
In partnership with Alphonza Institution , Kochi provided free Engineering/Medical
entrance coaching to under privileged and brilliant students under Project Velicham.
Community Development
Sponsored installation of PET waste recycling machine in Vibrant Gujarat venue.
Massive mangrove plantation in for the protection of ecosystem in Gujarat and Kerala
Developed roads, storm, water drains, solar lights etc. in partnership with local authorities
Construction & rehabilitation of Pacca houses for tribal and migrant villagers in Dahej
Thank You
28