Bharat Petroleum Corporation Limited

Investor Presentation

August 2020

1
 Disclaimer 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
 Table of Contents

1 2 3
Corporate Overview Business Overview Industry Overview
Page 4 Page 9 Page 30

3
 1. Corporate Overview

4
 Introduction

India’s 2nd largest Oil Marketing Company

(OMC) with standalone domestic sales volume of 309 Ranking on Fortune 500- 2020 global list
2nd over 43.10 MMT and Market share of 22% during
FY20

India’s 3rd largest in terms of Refining Capacity 44th Rank on Platt’s Top 250 Global Energy
3rd (15.33 % of India’s refining capacity) 44 Company Rankings 2019

6th India’s 6th largest company by turnover

1200 BPCL’s Market Capitalization recently touched ₹
Bn 1200 Bn

Recipient of Star PSU Award in The Govt. of India conferred BPCL with Balanced portfolio with Strategically located
2018 “MAHARATNA” status in Sep 2017 Refineries and Marketing Infrastructure

5
 BPCL 5 Year Key Physical Indicators

REFINING CAPACITY MARKET SALES (MMT) Market Capitalization

(MMT) (INR billion)

43.07 43.10 939.79 927.25

38.30 38.30 38.30 833.65 811.63
36.50 41.21

30.50 685.05

37.68
36.53

FY17 FY18 FY19 FY20 Q1FY21 FY16 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 Q1 FY21

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 Evolution
7
GoI acquired Burmah Shell BPCL and GAIL BPCL entered the LNG Entered into Kochi Refinery CCR1 unit at Formation of Bharat Gas
Refineries. Name changed formed a JV, IGL, for market by signing a upstream business capacity Mumbai Resources Limited for focus
to BPCL in 1977 distribution of Natural gas sales purchase and formed Bharat enhanced Refinery on Gas business
Gas in entire capital agreement with Petro Resources to 9.5 MMTPA commissioned
region Petronet LNG Limited (BPRL) in March 2014 Bina capacity enhanced to 7.8
MMTPA

conferred with
“MAHARATNA”
status in Sep
2017
KR modernized
and capacity

BPCL Evolution
1976
Restructured business into
corporate centre, Strategic
Business Units (SBU) and
Shared Entities
enhanced to 15.5
2009
MMTPA
2008
2006
2005
2003 Acquisition of upstream
2002 assets in Russia
1998
Integrated Refinery
Expansion Project (IREP)
at Kochi
Started operations at its Bina Refrigerated LPG
refinery by launching its crude storage and
Commissioned Energy Efficient
distillation unit handling facility at
CDU IV with replacement of CDU I
JNPT and Uran
Mumbai Refinery Commissioning of & II at Mumbai Refinery
First in the Indian Oil LPG plant
capacity enhanced to Euro III / IV products launched 6 MMTPA Commissioned Kota Jobner
Industry to roll out commissioned
12 MMTPA at Mumbai and Kochi Refinery Bina Refinery Pipeline and Terminal
ERP Solution

7
 Major Subsidiaries,
JVs & Associates
Subsidiaries Joint Ventures & Associates

City Gas Aviation

Upstream Refining Refining Pipelines Trading Activities
Distribution Services
100.00% 63.38% 61.65%
22.50% 50.00% 50.00% 50.00%
25.00%
Ratnagiri Refinery & Kochi Salem Bharat Stars
Indraprastha Gas Matrix Bharat Pte
Petrochemicals Pipeline Pvt. Services Pvt
Limited Limited
Limited Limited Limited

25.00% 11.00% 37.00%

Bharat
Bharat Oman Numaligarh
PetroResources Central UP Gas Delhi Aviation Fuel
Refineries Limited Refinery Limited GSPL India Transco LNG
Limited Limited Facility (P) Limited

12.50%
22.50% 11.00% 16.20%
Kannur
Gas Maharashtra Petronet LNG
GSPL India Gasnet International Airport
Natural Gas Limited Limited
Ltd.
100.00%
49.94% 25.00% 25.00%
Bharat Gas
Mumbai Aviation
Resources Limited Sabarmati Gas IHB Pvt. Ltd. Others
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.
8
 2. Business Overview

9
 Asset Portfolio

Refining 9 Countries 27 Blocks 25+ Global Partners

Upstream
Upstream
Russia, Brazil, Mozambique, UAE, 26 Exploration Total, ENI, ONGC, Rosneft, Mitsui, OIL,
Presence Indonesia, Australia, East Timor, Israel, Discoveries Japan Energy, ADNOC, Petrobras etc.
E&P India
Downstream
Midstream &

Refining 4 Refineries 38.30 MMT 937 km SBM

Infrastructure Strategically located Refining Capacity Vadinar-Bina Crude oil pipeline at Vadinar and Kochi
Refining 100% BORL & NRL considered

Marketing 78 Retail 52 LPG 58 Aviation 4 Lube 37 Geographical

Infrastructure Depots Bottling Plants Service Stations blending plants Areas incl. JVs
Storage

Pipeline 2241 Km Specific & Multi 17.84 MMTPA Design capacity

Network Product Pipeline Network of Pipeline Network
Distribution

Distribution ~16,490 Retail Outlets

Network
~6,120 LPG Distributors
Marketing

10
STRATEGIC BUSINESS UNITS 7 ENTITIES (Support Functions) 23 EMPLOYEES 11,025
*Numbers in the slide are for period ending 30th June 2020.
 Diversified Product Offering and Presence Across
Value Chain
Industrial/
Refinery
Aviation Retail LPG Aviation Lubricants Gas
Commercial

Refining capacity of 24.59% market 25.70% market Currently 8,000+ 22.75% market 17.55% market 50+ major LNG
38.3 MMTPA share1 share1 customers share1 in ATF share1 customers
15% of the country’s ~16,490 retail outlets Currently over 58 Aviation service Currently 18,000+
refining capacity 78 depots 6120 distributors stations customers
/installations 52 LPG bottling  More than 400+
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 8.29 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. For Lubricants it represents on PSUs share. All figures as of 30th June 2020.
11 2. Source : Ministry of Petroleum and Natural Gas, PPAC
3. Numbers in the slide are for period ending 30th June 2020
 Refining Coverage

Installed Capacity Refining Throughput

Refining Capacity
33.04 34.43 38.10 39.60 42.29
45.00
BORL Mumbai – 12
MMTPA 40.00
8.00
NRL 35.00 6.75
5.69
2.90 2.38
6.36
Kochi – 15.5 30.00 6.40 2.81
MMTPA 2.68
25.00 2.52 15.14
14.78
14.29
20.00
13.41 13.60
BORL – 7.8 15.00
MMTPA
10.00
16.23 16.77
Mumbai 14.25
5.00 10.71 11.79
Refinery Numaligarh – 3
0.00
MMTPA FY16 FY17 FY18 FY19 FY20
Kochi
Kochi Mumbai Numaligarh Bina
Refinery Entire throughput of Bina Refinery & NRL have been considered

Refinery Utilization rates 937-km cross country

Four Strategically located Refineries are BS VI & IMO Flexibility to process low &
above name-plate pipeline to source crude to
refineries across India Compliant high sulphur Crude
capacities BORL

12
 Mumbai Refinery- MR

Commissioned in 1955 with processing capacity of 2.2 MMTPA

now augmented to 12 MMTPA.

Flexibility to process low & high sulphur Crude, consistently,

refining throughput exceeds designed capacity

Connected with MMBPL multi product pipeline from Mumbai to

Delhi designed to evacuate 6 MMTPA of petroleum products
• Processed ~94 types of crudes

• API Range: 37 to 39.8
• Lubes refinery
• Hydrocracker & 2 FCCUs
Lowest SOX emission refinery of country (< 10 T/d)
Ongoing Projects- Marine Oil Terminal Revamp, Lubricating Oil
Base Stock Revamp, Reformer Feed Unit Revamp and Kerosene
Hydro Treating Unit

MR is one of the most versatile refineries in India with state of the art monitoring tools covering entire functions of refinery

13
 Kochi Refinery- KR
Started its journey in 1966 with capacity of 50,000 bbl per day
and currently largest PSU Refinery

Equipped to receive crude oil in Very Large Crude Carriers (VLCCs)

with SPM (Single Point Mooring)

A 300 km long pipeline connects the refinery to various

• Processed ~95 types of crudes consumption points in Tamil Nadu
• API Range: 31.8 to 37.4
Ability to swing between MS & HSD based on demand
• Petrochemical FCCU & FCCU

• Delayed Coker unit for bottom Ongoing Projects- PDPP and POPP (Niche Petrochemical
upgradation Products), MSBP (MS production enhancement)

KR to meet fuel demand of the Indian Market and create synergy for diversification into petrochemical products

14
 BORL

Bharat Oman Refineries Limited (BORL) – BPCL Interest 63.38%*

with 7.8 MMT Refining capacity at BINA

State of art technologies - High Nelson Complexity Index 11.5

Associated Facilities – SPM, Crude Oil Terminal, 937-km cross

• Processed 19 types of crudes country crude oil pipeline from Vadinar to Bina (VBPL)
• API Range: 28 to 40
Bina Kota Pipeline for evacuation of products
• Hydrocracker

• Delayed Coker unit for bottom

Low cost capacity expansion from 6 MMTPA to 7.8 MMTPA
upgradation
GRM of $3.1/bbl during Q1FY 21 and $7.5/bbl during Q1 FY20.

Bina refinery to consolidate refining portfolio required to support downstream retailing market in Northern and Central India

15
 Numaligarh Refinery
 Numaligarh Refineries Limited
(NRL) – BPCL Interest 61.65%
with 3 MMT Refining capacity in
the north-eastern state of
Assam
 Largest producer of paraffin wax
in the country
 GRM of $24.56/bbl during Q1
FY21 and $26.36/bbl during Q1
FY20 (including ED Benefit)
Numaligarh refinery to consolidate refining portfolio required to support downstream retailing market in North-eastern India
16
Expansion Plans
Capacity expansion from 3 to 9 MMTPA
Total Project Cost of Rs.22,594 crores
Integrated with an 8 MMTPA 1,398 km crude pipeline from Paradeep
to Numaligarh
Integrated with a 6 MMTPA 650 km product pipeline from Numaligarh
to Siliguri
Other Projects
Diesel Hydro-treater Project with capex of Rs.1031 crores completed
in Jan 2018
Bio-refinery through JV planned at a cost of Rs.1,259 crores at
Numaligarh
129.5 km India Bangladesh Product Pipeline at a cost of Rs.346 crores
including Government Grant-in-Aid of Rs.285 crores
 Marketing Operations and Efficiencies

LPG Bottling Capacity (TMTPA)

SBU Market Sales (MMT)
5000 4590
4212
3687 3957
45.00 36.53 43.07 43.10 4000
37.68 41.21 3363
40.00 3000

35.00 2000
30.00 27.30 26.97 1000
26.60
25.00 25.25 0
25.38
20.00 FY16 FY17 FY18 FY19 FY20

15.00 0.24 0.30

0.32
Thru’put per Outlet BPC Vs. Industry
0.29 7.05 6.95
10.00 0.32 6.51
4.67 5.14
1.99 2.01
5.00 1.28
1.55
5.45
1.79
5.99 6.49 6.87
(KL/month)
4.87 Apr-Jun 20
- 120
FY16 FY17 FY18 FY19 FY20 117
LPG Aviation Direct Lubes Retail 115
111
Retail Market Share MS & HSD* 110 108
107
 MS > 28% 105
 HSD > 28%
100
*Market share is PSU Market share on Jun 20 BPC IOC HPC Industry

Leading Player with a Diversified product portfolio and a well-established Marketing and Distribution network

17
 Ongoing Projects
Kochi Refinery – MS Block Project for
BS VI grade gasoline and
Maximization of Naptha to
gasoline (₹ 32.89 Bn)
LPG import terminal at Haldia, West
Bengal (₹ 10.98 Bn)
Kochi – Diversification into Niche
Petrochemicals PDPP Project- Acrylic
Acid, Oxoalcohol, Acrylates
(₹ 52.46 Bn)
18
Retail Infrastructure: POL Terminal
with Railway Siding at Pune,
Gulbarga, & Coastal terminal at
Krishnapatnam
(₹ 10.69 Bn)
Bina Kanpur Product Pipeline &
other pipelines (₹ 19.74 Bn)
2G ethanol refinery at Bargarh
Odisha
(₹ 16.07 Bn)
 Upcoming Projects

Investments in Mozambique – FID sanctioned. Project Financing agreement

signed.
UPSTREAM BPCL has been awarded 11 GAs in 9th round and 2 GAs in 10th round of
bidding
INVESTMENTS IN GAS Expansion of marketing infrastructure across all business
verticals including around 2500 new retail outlets in the next
MARKETING INFRASTRUCTURE
two years
PETROCHEMICALS Petrochemical Project(Polyols) at Kochi to manufacture Propylene
Glycol, Ethylene Glycol and Polyol
PIPELINES
Cross country LPG pipeline from Kandla to Gorakhpur through a JV
RASAYANI
Marketing Infrastructure & other facilities at Rasayani near Mumbai

Capex outlay of INR 80.76 Bn for FY21 (Incl. investment in Subsidiaries/JVs)

19
 CAPEX Strategy
BPCL Evolution
120.00 109.93 110.64 80.76
0.29 1.08
1.80 2.31
100.00 11.51

50.04 1.94
80.00
3.50
INR Billion

49.52 8.00

60.00

15.69 35.80
40.00 16.97

8.37
20.00 41.52
29.84
23.15

-
Actual - FY19 Actual - FY20 Budgeted - FY21

Refineries Petrochemicals Marketing Investments in Exploration Investments in Gas Others

Significant Expansion in Upstream and Downstream business to drive future growth

20
 Financial Performance

Net Worth (INR Billion) PROFIT AFTER TAX (INR Billion) CAPITAL EMPLOYED

367.38
80.39 79.76
341.31 332.14 450 426 900
71.32
296.68 400 367 773 800
341
350 332 700
297 648
300 580 600

INR BN

INR BN
250 240 500
200 446 400
184
150 178 300
100 200
21.85 50 100
- 0
FY17 FY18 FY19 FY20
Networth Adjusted Borrowing Capital Employed

FY17 FY18 FY19 FY 20 FY17 FY18 FY19 FY20

Financial Ratios FY18 FY19 FY 20 Q1 FY 21

Total Debt*/EBITDA 1.58 1.95 5.53 2.25
Total Debt-Equity 0.68 0.79 1.44 1.15
Adjusted Debt-Equity** 0.54 0.65 1.28 1.00
*Includes Lease Liability **Adjusted for the bonds O/s during the period

21 Stable Earnings and Sound Financial Leverage driving Credit Strength

 BPCL R&D Innovative Solutions
130 Operational Excellence • Crude oil evaluation • Advanced analytical support
Patents • Modeling & Simulation • Optimal catalyst selection
• Corrosion & fouling • Solar Energy
65

Cost efficient and • K Model • Ecochem: ethanol corrosion inhibitor

70
Innovative Products • BPMARRK® • HiCAT: dewaxing catalyst
• WDP • GSR CAT: Sulfur reduction catalyst
42 • BMCG 2nd GEN • High performance LPG burner
65

28 Process Design / Process • Divided Wall Column • Low grade energy utilization
Intensification • HiGee Separations • Delayed coking
Filed Granted • Cross flow reactor • H2 separation through membrane
Indian Foreign
Polymers & • SAP / Agri-SAP • Novel catalysts
Over 200 • Polyols • Biphenyl process
Petrochemicals
Research Articles • Methacrylic acid

5
Bio-fuels / • Bioremediation • Efficient cellulose enzyme complex
Book Chapters • Bio-ethanol process • Waste plastic road
Environment
• Bio-butanol process • Refinery sludge valorization

22
 Gas Business

Supply
• LNG supply security:
• Long term tie ups of 0.85 MMTPA valid till 2028 at Dahej
• 0.56 MMTPA valid till 2036 at Kochi • 2 more GAs rewarded in FY19
• 1 MMTPA LNG tied up from Mozambique starting 2025-26 in the 10th Round
for 15 years.
• Also, Short Term /Spot volumes ranging from 0.80 to 1.0 MMTPA 2019
are tied up based on demand. • Formation of Wholly owned subsidiary-
BGRL for better focus on gas business
City Gas Distribution • Bagged 11 GAs in 9th Round
2018
• 37 Geographical Areas (GAs) which it operates either as
• Foray into Bulk Gas Marketing with
wholly-owned or through JVs with other companies. Commissioning of PLL’s LNG Terminal at
Dahej (GJ).

Upcoming Project 2004

• Entry into Gas business through IGL (JV of GAIL &
• Liquefied-CNG Pilot Project being undertaken at BPCL)
• Entered JV to form Petronet LNG
Aurangabad, Maharashtra (commissioning by
December, 2020) 1998
23
 BPRL’s Upstream
BPCL Evolution Story over the years… Story over
the years…….
2019
2018

2017
2016 Overseas
2013 Onshore
Operatorship
Entry in Lower – Abu Dhabi
2012
Declaration of Zakum
Commerciality
2011 Russian approved in
Acquisition Operatorship
Schedule B block
2010
Lead
operator
Joint
2009 operator
Shale gas
entry Australia

2008 Indonesia
entry
Brazil
& Mozambique
acquisition
2006
Formation
of BPRL
Formation of E&P
2003 setup in BPCL

24
 Upstream - Global Spread
2 TYNGD
Russia
2 Vankorneft

4 Cauvery Basin*
3 Rajasthan Basin
India 3 Cambay Basin**
2 Assam-Arakan
Production 3 Mumbai Basin

Appraisal / Indonesia 1 Nunukan

Development
Exploration Israel 1 Block 32

1 Lower Zakum
UAE
1 Onshore 1

Mozambique 1 Area 1
* 1 block in in Cauvery Basin is in
Production, the rest are in Exploration / Timor Leste 1 JPDA 06-103
Development
** 2 blocks in Cambay Basin in in 2 BM-SEAL-11 Australia 1 EP413
Development, the rest is in Exploration Brazil 1 BM-C-30
2 BM-POT-16

25 BPCL pursues its Upstream Business through its wholly owned Subsidiary Company –
Bharat Petroresources Limited
Global Upstream Footprint
Partnership with established Oil and Gas operators expected to generate optimal returns for BPCL.
Within India Brazil Australia and East Timor
BPCL BPCL
Exploration Block Operator Partners BPCL Exploration Block Operator Partners
Stake Exploration Block Operator Partners Stake
Stake1
NELP—IV GSPC,
BM-SEAL-11
Petrobras 20.0% Videocon Videocon,
CY/ONN/2002/2 ONGC 40.0% ONGC (2 blocks)
Japan
NELP—VI JPDA 06-103 Oilex 20.0%
BM-C-30 17.85 Videocon, Energy, Pan
CY/ONN/2004/2 ONGC 20.0% ONGC BP Pacific
(1 block) % Total
NELP—VII Petroleum
BM-POT-16 Videocon,
RJ/ONN/2005/1 HOEC, BPRL 33.33% IMC Petrobras 10.0% Norwest 27.8% AWE Perth Pty
(2 blocks) Petrogal, BP EP-413
Limited
NELP—IX
GAIL, EIL, BIFL, Mozambique Russia
CB/ONN/2010/11 25.0%
BPRL MIEL BPCL BPCL
Exploration Block Operator Partners Block Operator Partners
AA/ONN/2010/3 OIL 20.0% ONGC Stake Stake2
BPRL, EIL, BIFL, PTTEP, Rosneft,
CB-ONN-2010/8 25.0% Vankorneft 7.887
GAIL MIEL Mitsui and Vankorneft OIL, IOCL,
Mozambique (2 Blocks) %
MB-OSN-2010/2 OIL 20.0% HPCL Total 10.0% Co., ENH, ONGC
Rovuma Basin
OVL, BREML
DSF 2016 TAAS- Yuryakh 9.867 Rosneft, BP,
(OVL+OIL) TYNGD
CY/ONDSF/KARAIKAL/2 (2 Blocks) % OIL, IOCL
016
BPRL 100% - United Arab Emirates
RJ/ONDSF/BAKHRI
BPRL 100% - BPCL
TIBBA/2016 Block Operator
Stake
Other Partners Israel
MB/OSDSF/B15/2016 BPRL 100% -
CNPC, INPEX, ENI, BPCL
RJ/ONDSF/SADEWALA/ Exploration Block Operator Partners
BPRL 100% - Lower Zakum ADNOC 3% Total, Falcon Oil3, Stake
2016
IOCL ONGC
MB/OSDSF/B127E/2016 BPRL 100% - Block 32 25% IOCL, OIL
Urja (50:50 SPV of BPRL Videsh
Onshore 1 50%
Bharat & IOCL)
CB-ONHP-2017/9 BPRL 60% - Indonesia
CY-ONHP-2017/1 ONGC 40% - BPCL
Exploration Block Operator Partners
AA-ONHP-2017/12 OIL 10% - 1. BPCL’s effective stake held through 50:50 JV with Videocon. Stake
2. BPCL’s effective stake held through SPV with OIL & IOCL Nunukan PSC, Videocon
26 3. BPCL’s effective stake held through SPV with ONGC Videsh & IOCL Pertamina 12.5%
Tarakan Basin Industries
 BPCL’s Strategic Vision

Go-GDP Approach to Excellence

GO GLOBAL GO GREEN GO DIGITAL GO PETCHEM

•Expanding global •EV Charging solution •Digitalization of •Mfg. niche petchem

footprints in Lubes, •Biogas generation refineries through products as import
Retailing, aviation, from waste AR/VR,AI substitutes
bunkering, trading, •Solar & Wind Energy •Digitally driven •Expanding
Consulting Services for captive power unified customer petrochemicals
•Export Lubes to 25+ (10% energy experience to drive portfolio further
countries by 2025 requirement) cross/upsell

LEVERAGING
TECHNOLOGY INFRASTRUCTURE PEOPLE SAFETY & SERVICE
27
 Awards & Recognition

Among top 20 Global Oil and Gas refining and marketing Cos
BS VI & IMO Compliant Refinery
Oil Marketing - Company of the Year 2019
Flexibility to process low & high sulphur Crude
Sustainability Award for the Best Green Product Petrochemical
sector 2019
Consistently, refining throughput exceeds designed capacity
Winner under Process Innovation Leadership Awards -
Frost & Sullivan PERP 2019
Ongoing Projects- PDPP, MSBP, Polyols, HTPL
Digital PSU Award at the 7th PSU awards- Governance Now
GRM of $5.6/bbl during FY 20 and $9.8/bbl during FY19
Integrated Refinery Expansion Project – the Top Refining Project of
the Year 2019- Hydrocarbon Processing journal.
Thank you!
1. PRSI: Public Relations Society of India
2. Federation of Indian Petroleum Industry- *Best Project Management Company 2018*
3. Golden Peacock (Institute of Directors) awarded BPCL *Excellent Corporate Governance 2018*

28
 Meet the Leadership Team

N Vijayagopal R Ramachandran D Rajkumar Arun Kumar Singh K Padmakar

Director (Finance) Director (Refineries) Chairman & Managing Director Director (Marketing) Director (HR)
• Vast experience of 32 • Over 34 years of industry • He has been acclaimed • Over 34 years of • Over 35 years of
years in financial experience as one of the top 100 experience in Oil experience with BPCL
management • Has previously held the “Most Influential CEOs” Marketing having worked across
• He has held various post of MD, Bharat in the world, by the • Director on the board of the entire Human
senior positions in BPCL Oman Refineries Limited CEOWORLD Magazine Bharat Gas Resources Ltd. Resource Management
including its upstream • Has experience across July’19 • Previously held posts of landscape
and pipeline subsidiary refinery operations, • He has over 33 years of Chairman, Indraprastha • He has also held various
companies and handled product planning, experience out of which Gas Ltd. & President, BPRL positions of
various areas of finance technical services, 15 years of experience as looking after Africa and responsibility
covering Refinery/ project MD of BPCL’s JV & Australasia. encompassing HR Policy
Corporate Accounts, conceptualization and Subsidiary companies • He has headed various and strategy and was
Treasury Management, project financing • Has experience across Business Units and Entities responsible for
Risk Management, integrated upstream and in BPCL viz. Retail, LPG, Organizational Learning
Taxation and Budgeting, downstream oil sector Pipelines and Supply Chain & Talent Management
Fund Management etc. Optimization etc

29
3. Industry Overview
 India – Attractive
BPCL Evolution Industry Dynamics
Significant potential for domestic O&G companies given low per-capita oil consumption and growing demand.

Oil: Consumption in thousands Indian Oil Demand

of barrels per day* Million Tonnes

1449 83.5
Singapore
1419 FY19 28.3
24.9
13525
China
12840
81.1
1094 FY18
Australia 26.2
1055
23.3
200
UK
207 76.0
2321 FY17 23.8
Germany
2443 21.5
3081
Brazil 74.6
3052
FY16 21.8
20456
US 19.0
19958
5156 69.3
India
4870 FY15 19.1
0 5000 10000 15000 20000 17.6

2018 2017 Diesel Petrol LPG

Source: BP Statistical Review of World Energy 2019 Source: PPAC

31
 Indian Oil Industry
BPCL Evolution

Positive Policy actions

• Petrol Prices De-regulated completely

• Gasoil (Retail) – Deregulation announced effective 19th October
2014

• Gasoil – Bulk sales completely deregulated since January 2013

• Restricted supply/Targeted subsidies for cooking fuel products
• LPG DBTL scheme - Domestic LPG fully enrolled
• SKO PDS DBTK scheme – launched on pilot basis in 4 districts
and now implemented in the state of Jharkhand

• Govt. has consistently compensated OMCs including BPCL for

under recoveries and ensured reasonable profitability

32 Strategic position in the Indian economy with way to deregulation of fuel sector in the country
 BPCL Evolution

Thank You

33