Reliance Industries Limited · NSE:RELIANCE
Reliance Industries — Q3 FY2015 Earnings Presentation
93 slides from Reliance Industries's earnings presentation, Jan 16, 2015
Slide 1: 3Q FY 2014-15 Financial Results
3Q FY 2014-15 Financial Results 16 January 2015
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or
Slide 3: Financial Results
Financial Results 3 www.ril.com
Slide 4: Consolidated Financial Results: 3Q FY15
Consolidated Financial Results : 3Q FY15 % Change % Change 2Q FY15 (in ` Crore) 3Q FY15 3Q FY14 Y-o-Y Q-o-Q 113,396 Turnover 96,330 121,077 -20.4% -15.0% 7,394 Segment EBIT 6,544 6,244 4.8% -11.5% 5,972 Net Profit 5,256 5,502 -4.5% -12.0% Y-o-Y and Q-o-Q decline in turnover primarily on account of
Slide 5: Operational Highlights – 3Q FY15
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 cushioned the impact of steep crude decline on invento
Slide 6: Consolidated Segment Revenue: 3Q FY15
Consolidated Segment Revenue : 3Q FY15 % Change % Change 2Q FY15 (in ` Crore) 3Q FY15 3Q FY14 Y-o-Y Q-o-Q 103,590 Refining 81,777 107,676 -24.1% -21.1% 26,651 Petrochemicals 23,001 27,121 -15.2% -13.7% 3,002 Oil & Gas 2,841 2,926 -2.9% -5.4% 4,167 Organised Retail 4,686 3,941 18.9% 12.5% 2,455 Other
Slide 7: Consolidated Segment EBIT: 3Q FY15
Consolidated Segment EBIT : 3Q FY15 % Change % Change 2Q FY15 (in ` Crore) 3Q FY15 3Q FY14 Y-o-Y Q-o-Q 3,844 Refining 3,267 3,240 1% -15% 2,361 Petrochemicals 2,064 2,115 -2% -13% 818 Oil & Gas 832 607 37% 2% 99 Organised Retail 133 38 250% 34% 272 Others 248 244 2% -9% Refining EBIT declined shar
Slide 8: Consolidated Financial Results: 9M FY15
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 in crude oil prices during 3Q FY15 Robust growth in operating profit l
Slide 9: Refining & Marketing
Refining & Marketing 9 www.ril.com
Slide 10: Oil Price Decline…
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 projects bound big boost in US shale supplies 90 OPEC Meeting : Saudi A
Slide 11: Call on OPEC…
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 vs.2011) OECD demand 46.4 45.9 46.1 45.6 45.6 -0.8 Non OECD demand 43.1 44.6 45.7 46.8 47
Slide 12: Oil Price – At a Critical Juncture
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 larger part of 60 Non-OPEC new projects require oil 40 …? prices in this
Slide 13: Business Environment
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 oil demand growth of 700 kbd in 2014 Increased production of li
Slide 14: Light Distillates Cracks
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 and return of refinery capacity weighed on cracks Eastern cracks
Slide 15: Middle Distillates Cracks
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 across regions Emerging economies use the current fall in prices to roll back sub
Slide 16: Fuel Oil 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 bankruptcy of -11 major European fuel oil supplier -12 Source : Platts Oct-13 J
Slide 17: The Asset Advantage
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 reduced by ~20% Key Jet-Kero producing unit debottlenecked
Slide 18: Crude Sourcing Advantage
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 quarter, taking the total no. of crudes processed to 141 Narrowing
Slide 19: Business Performance
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 cracks Gasoline 13.4 13.2 0.3 9.2 4.2 Low oil price leading to J
Slide 20: Petroleum Retail Plan
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 schemes for quick ramp up of volumes Target to replicate 2006
Slide 21: Petroleum Retail Value Proposition
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 Fleet management program to help Customers with Fleet Control,
Slide 22: R&M Business Outlook – 2015
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 period of relatively low prices - outlook for oil importing emer
Slide 23: Petrochemicals
Petrochemicals 23 www.ril.com
Slide 24: Business Environment: Sharp Decline in Prices
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 declined with Naphtha 805 437 -46% ample supply, drop in oil p
Slide 25: World Ethylene Cash Cost Curve
World Ethylene Cash Cost Curve 1400 $/MT Change Q3 End Q2 End 1200 1118 1000 944 928 918 889 800 835 709 718 600 578 400 407 457 323 335 305 366 236 294 200 168 192 159 224 200 26 65 32 0 39 -156 -24 -99 -252 -200 -350 -400 -400 -530 -524 -537 -624 -600 -800 Weur - Low Cost US Weighted US-Ethane KSA
Slide 26: Business Environment: Demand Supported Deltas
Business Environment : Demand Supported Deltas Ethylene & Polymer Polymer Demand Growth Deltas • 9M FY15 Indian polymer demand • Ethylene spread close to all- up 5.2% time high ~$ 600/ MT PE: up 5.0% • On Q-o-Q basis : PP : 5.3% PP delta improved 45% as PVC : 5.4% propylene prices continue t
Slide 27: Global Ethylene: Demand-Supply
Global Ethylene: Demand-Supply 180.0 89.0% Capacity Demand Oper. Rate 160.0 88.0% 140.0 87.0% 120.0 100.0 86.0% 80.0 85.0% 60.0 84.0% 40.0 83.0% 20.0 0.0 82.0% 2009 2010 2011 2012 2013 2014 2015 2016 Global ethylene operating rates to sustain upwards of 87% - near term outlook positive 27 www.ril.co
Slide 28: Global Polymer Demand Growth
Global Polymer Demand Growth 4.3% In MMT 237.0 2010 2015 2020 3.8% 192.3 4.4% 159.7 3.9% 4.6% 110.5 3.8% 3.4% 89.1 3.6% 73.8 77.1 61.4 51.0 49.4 41.7 35.0 PE PP PVC PE+PP+PVC Source: IHS Global polymers demand to increase by ~45 MMT between 2015-20, at 4.3% CARG 28 www.ril.com
Slide 29: Asia: Top Polymer Consumers – 2015 & 2020
Asia: Top Polymer Consumers – 2015 & 2020 (In MMT) Share in Asia’s Polymer Demand % Share 2015 2020 128.2 China 59.7% 60.4% India 10.8% 12.6% 99.3 Japan 6.2% 5.0% S.Korea 4.7% 3.9% 77.5 Indonesia 3.7% 3.8% 59.3 Thailand 3.7% 3.5% Others 11.2% 10.6% 16.2 10.7 11.113.6 6.2 6.4 4.6 5.1 3.7 4.9 3.7 4.5
Slide 30: Price Movement
Price Movement % Change % Change $/MT 3Q FY14 2Q FY15 3Q FY15 Q-o-Q Y-o-Y Oil - Dubai ($/bbl) 107 102 75 -26% -30% Naphtha 934 899 623 -31% -33% Ethylene 1437 1484 1227 -17% -15% Propylene 1388 1282 996 -22% -28% EDC 395 439 371 -15% -6% PE 1510 1581 1432 -9% -5% PP 1523 1539 1367 -11% -10% PVC 999
Slide 31: Polymer Delta Scenario
Polymer Delta Scenario PP-Propylene 5 Year Avg. HDPE-Naphtha 5 Year Avg. 400 371 809 850 682 700 320 287 576 573 257 650 240 450 $/MT $/MT 135 160 133 250 80 50 0 -150 3Q FY14 2Q FY15 3Q FY15 9M FY149M FY15 3Q FY14 2Q FY15 3Q FY15 9M FY149M FY15 PVC-Nap-EDC 5 Year Avg. 600 PP deltas improved as pr
Slide 32: India Polymer Demand: 9M FY15
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 at 2.0% 3.3 MMT due to planned turnaround at 0.0% Hazira PE PP PV
Slide 33: Outlook
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 operating rates expected to sustain high levels in 2015-2016 Poly
Slide 34: Elastomers
0 Elastomers www. ril.com 34
Slide 35: Polybutadiene Rubber (PBR)
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 Steady ramp-up of supplies from new PBR plant 200 at Hazira 0 3Q FY14
Slide 36: Styrene Butadiene Rubber (SBR)
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 601 600 508 have increased the uncertainty and impacted $/MT the mark
Slide 37: Polyester & Fibre Intermediates
Polyester & Fibre Intermediates 37 www.ril.com
Slide 38: Business Environment
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 Naphtha 805 437 -46% lows on lower feedstock prices PX delta
Slide 39: Polyester Demand
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 2% 2% Buying remained cautious throughout the quarter 0% POY PSF PE
Slide 40: Price Movement
Price Movement % Change % Change $/MT 3Q FY14 2Q FY15 3Q FY15 Q-o-Q Y-o-Y Oil - Dubai ($/bbl) 107 102 75 -26% -30% Naphtha 934 899 623 -31% -33% PX 1,429 1,350 1,009 -25% -29% PTA 1,030 1,007 775 -23% -25% MEG 1,041 972 826 -15% -21% POY 1568 1564 1442 -8% -8% PSF 1,417 1,383 1,226 -11% -13% PET 1,3
Slide 41: Polyester Delta Scenario
Polyester Delta Scenario POY-PTA-MEG 5 Year Avg. PSF-PTA-MEG 5 Year Avg. 600 300 271 500 487 250 399 210 400 358 200 327 167 177 165 319 $/MT $/MT 300 150 200 100 100 50 0 0 3Q FY14 2Q FY15 3Q FY15 9M FY149M FY15 3Q FY14 2Q FY15 3Q FY15 9M FY149M FY15 Polyester margins firmed up to 2 year high PET
Slide 42: Intermediates Delta Scenario
Intermediates Delta Scenario PX-Naphtha 5 Year Avg. PTA-PX 5 Year Avg. 600 200 531 482 437 150 400 360 370 116 109 120 111 $/MT $/MT 100 87 200 50 0 0 3Q FY14 2Q FY15 3Q FY15 9M FY14 9M FY15 3Q FY14 2Q FY15 3Q FY15 9M FY14 9M FY15 PX margins hit by weak demand and over- MEG-Naphtha 5 Year Avg. sup
Slide 43: RIL Operational Highlights
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 differentiated Black POY commenced at Patalganga, adding to sepciality portfolio Pol
Slide 44: New Product Developments
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 and hand knitting Recron® Fancy Effect fibre – Small cut
Slide 45: Outlook
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 from increased export benefits and domestic policies PX dynam
Slide 46: Oil and Gas – Exploration and Production
Oil and Gas – Exploration and Production 46 www.ril.com
Slide 47: Domestic E&P Production Update
Domestic E&P Production Update 2Q FY 15 Blocks (JV Production) 3Q FY 15 3Q FY 14 % Chg.YoY % Chg.QoQ Panna-Mukta 1.8 Oil (MMBBL) 1.8 2.1 -12% 4% 16.5 Gas (BCF) 18.5 17.1 8% 13% T apti 0.06 Oil (MMBBL) 0.05 0.1 -29% -15% 3.9 Gas (BCF) 3.0 6.4 -53% -24% KG-D6 0.5 Oil (MMBBL) 0.5 0.4 6% -7% 40.6 Gas (B
Slide 48: KG-D6 Block – Key Project Update
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 compressor in 4Q FY15 Work-over campaign in D1-D3 and MA to augm
Slide 49: Other updates
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 Gas discoveries and prospects size small and scattered over a
Slide 50: Coal Bed Methane
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 acquisition is in advanced stage; >70% of Phase-1 scope complete
Slide 51: Coal Bed Methane – Progress Update
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
Slide 52: Shale Gas Business
Shale Gas Business 52 www.ril.com
Slide 53: Price Environment – Gas & NGLs
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 Oct’14 to $ 3.14/ MMBTU in Dec’14, with milder weather and accelerated supply US dry gas production hit a record high of 73.5
Slide 54: Price Environment – WTI
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 and Japan Persistently higher supplies from Non-OPEC (main
Slide 55: Eagle Ford: Among Most Competitive Liquids Shale Plays
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
Slide 56: Business Performance Highlights
Business Performance Highlights 3Q FY15 2Q FY15 3Q FY14 % Chg. From 9M FY15 9M FY14 % Chg. from 9M 2Q FY15 FY14 Production (BCFe) 52.1 49.8 43.0 5% 150.5 117 28% Revenues ($ MM) 206 244 221 -16% 720 627 15% EBITDA ($ MM) 174 202 174 -14% 577 462 25% Operational performance remained strong, with im
Slide 57: Business Growth Trends
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 7.6 766 32.3 7.2 800 838 35.0 30.8 31.4 6.4 697 6.1 771 27.8 10.3 632 714 30.0 23.
Slide 58: Shale Gas JVs: Development Progress Overview
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 (Inception-to-date) 536 98 337 971 Total Wells Hooked up(Inception-to-date)
Slide 59: Reliance Retail
Reliance Retail 59 www.ril.com
Slide 60: 3Q FY15 – Key Highlights
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 growth of 114% Net addition of 279 stores in 3Q FY15 M
Slide 61: 3Q FY15 – Turnover Trends and Business Mix
3Q FY15 – Turnover Trends and Business Mix 12,852 Turnover (` crore) 10,903 4,686 3,941 19% 18% Q3 9M FY 2013-14 FY 2014-15 Turnover Mix – Q3 FY 15 Turnover Mix – 9M FY 15 2% 2% 8% 7% Value & Others 15% Digital 14% Fashion & LifeStyle 51% Jewellery 54% 24% Brands 23% 61 www.ril.com
Slide 62: 3Q FY15 – Format wise Growth
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 continue on high growth trajectory Brands continues to grow at a rap
Slide 63: Pan-India Presence
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 2,285 Accelerated store openings with over three stores a day 63 www.ril.com
Slide 64: Value
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 being piloted in a limited territory and showing encouraging respo
Slide 65: Digital
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 Partnered with 5 leading international brands to launch several ex
Slide 66: Fashion & Lifestyle
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 design capabilities Launched fashionable, superior quality products
Slide 67: Brands & Jewellery
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 leveraging the Iconix India brand portfolio Licensed ‘Candie’s’ f
Slide 68: Project Update
Q Project Update 68
Slide 69: Jamnagar Projects - Engineering
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, Tecnimont, Foster Wheeler, Linde, Jacobs, Aker executing engineering fr
Slide 70: Jamnagar Projects - Engineering
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 construction About 6,000 drawings issued for structural steel installat
Slide 71: Jamnagar Projects - Procurement
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, Sungjin, Flowserve, Elliot, Sumitomo, Siemens, ABB, Tyco, Invens
Slide 72: Jamnagar Projects - Procurement
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 Over 3,50,000 MT of structural steel ordered More than 6,000 p
Slide 73: Jamnagar Projects - Construction
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 and training being provided by global majors Over 8,500 constru
Slide 74: Jamnagar Projects - Construction
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 fabricated on a monthly basis and is being erected expeditiously.
Slide 75: Site Progress Photographs
Site Progress Photographs 75
Slide 76: Gasification – Pipe Rack & Equipment Erection
Gasification – Pipe Rack & Equipment Erection 76
Slide 77: Gasification – Gasifier Erection
Gasification – Gasifier Erection 77
Slide 78: Gasification – Gasifier Structure Installation
Gasification – Gasifier Structure Installation 78
Slide 79: Gasification – Petcoke Dome Internal View
Gasification – Petcoke Dome Internal View 79
Slide 80: Gasification – Petcoke Handling System
Gasification – Petcoke Handling System 80
Slide 81: Paraxylene – Overview
Paraxylene – Overview 81
Slide 82: Paraxylene – Heater Assembly
Paraxylene – Heater Assembly 82
Slide 83: Paraxylene – Sub Station Equipment
Paraxylene – Sub Station Equipment 83
Slide 84: Cryogenic Tank – Dome Air Raising
Cryogenic Tank – Dome Air Raising 84
Slide 85: ROGC – Heater Package
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Slide 86: ROGC – Column in Transit
ROGC – Column in Transit 86
Slide 87: C2 complex – Pipe Rack & Structure Erection
C2 complex – Pipe Rack & Structure Erection 87
Slide 88: BRU – Equipment & Pipe Rack Erection
BRU – Equipment & Pipe Rack Erection 88
Slide 89: Gas Turbine Assembly
Gas Turbine Assembly 89
Slide 90: Desalination Package Assembly
Desalination Package Assembly 90
Slide 91: Summary
Summary 91 www.ril.com
Slide 92: Summary
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 tempered impact of price decline Petrochemicals – robust polymer d
Slide 93: Thank You
(2 Thank You
Reliance Industries — Q3 FY2015 Earnings Presentation on 6ix