Media Points 1QFY15

8/12/2019 Media Points 1QFY15

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Media Points

HIGHLIGHTS OF 1QFY15 PERFORMANCE

Record level of Consolidated Net Profit of` 5,957 crore ($ 1.0 Billion)

Net profits were up 13.7% Y-o-Y

Consolidated Revenue were higher by 7.2% at ` 107,905 crore ($ 17.9

Billion),

o Firm crude oil prices resulted in higher revenues for the energy chain ofbusinesses on Y-o-Y basis.

o Refining revenues were up 7.2% and Petrochem revenues were up 9.3%o Consol earnings supported by higher contribution by US shale operations

and turnaround in retail operations

Consolidated segment EBIT higher by 29% at of` 6,916 crore ($ 1.2 Billion)

RIL Gross Refining Margins of $ 8.7/bbl for quarter v/s $ 8.4/bbl 1QFY14

o Sequential decline from $ 9.3/bbl in 4QFY14o Singapore GRMs were at 5.8/bbl in 1QFY15 lower on a sequential and Y-

o-Y basis ($ 6.2/bbl in 4QFY14 and $ 6.7/bbl in 1QFY14)o RIL premium to Singapore GRM marginally down sequentially, but higher

on Y-o-Y basis ($2.9/bbl v/s 3.1/bbl in 4QFY14 and 1.7/bbl in 1QFY14)

Refiningother points

1QFY15 crude throughput at 16.7MMT (1.33 mbpd), utilization 108%

Overall GRMs down Y-o-Y as cracks were lower for middle distillates gasoil

and keroseneo Light distillates were strong - Gasoline cracks up during the quarter on

seasonal demand, strong demand uptick in India as well as an unplannedoutage (Bhatinda)

o Naphtha cracks up on strong petrochemical demand

Complex refiners were supported by:o Light-Heavy differentials stayed wide at $4.9/bbl

o FO cracks lower on Q-o-Q and Y-o-Y basis Domestic demand growth up 2.7% Y-o-Y, 3.3% sequentially

o Strong sequential growth in demand for MS (up 12.8%) and HSD (up8.5%)


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Asian ProductCracks ($/bbl)

1Q FY15 4Q FY14 Q-o-QChange

1Q FY14 Y-o-YChange

Naphtha -1.0 -1.5 0.5 -7.1 6.1

Gasoline 16.1 14.6 1.5 11.4 4.6

Jet/Kero 14.3 17.0 -2.7 15.3 -1.0

Gasoil 16.0 17.8 -1.8 16.8 -0.8

FuelOil -12.8 -10.7 -2.1 -5.9 -6.9

AL-AH Diff. 4.9 5.1 -0.2 3.5 1.4

Brent-Dubai 3.5 3.8 -0.3 1.7 1.8

Singapore 5.8 6.2 -0.4 6.7 -0.9

RILGRM 8.7 9.3 -0.6 8.4 0.3

Petrochemical

1QFY15 Consolidated Petrochemical EBIT up 6% at ` 1,863 crore

Strong delta improvement in olefins

o Deltas supported by upswing in olefin cycle and strong China

demand

o PP (+16%), PE (+5%), PVC flat

Polyester chain faced challenges due to overcapacities

o Sharp decline in fibre intermediatesPX (-11%), MEG (-8%), PTA

flat

Polyester deltas remained weak; 5-15% lower

Domestic petrochemicals demand resilient

o Polymer demand up 1% Y-o-Y, Polyester demand up 5% Y-o-Y

Commissioned PBR expansion at Patalganga

o PBR capacity of RIL now 115KTA

E&P - Domestic

1QFY15 EBIT at` 487 crore up 38% Y-o-Y


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RIL share of domestic production at 37.9 BCFe (vs. 42.4 BCFe in 1Q FY14)

Average KG-D6 production at 13 MMSCMD of gas and 6,735 BOPD of

oil/condensate

E&PUS Shale

1QFY15 revenues were $ 270 MM and EBITDA was at $ 201 MM up 26%

and 22% respectively

1Q FY15 Production 48.6 BCFe up 29%

Total investment $7.36bn, $331 MM during the quarter

Retail

Revenue grew by 15% to`3,999 crore

Segment EBITDA of`171 crore for the quarter

Total stores 1,723 at end of 1QFY15 over 148 cities

LFL sales of upto 21% Y-o-Y

Financials

Consolidated debt`135,769 crore, Cash and equivalents`81,559 crore

Capex (consol) for quarter at`15,206 crore

Documents

Media Points 1QFY15