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FY 2007-08 Results

April 21, 2008


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 projections about the future,
including, but not limited to, statements about the strategy for growth, product
development, market position, expenditures, and financial results, are forward-
looking statements.

Forward-looking statements are based on certain assumptions and


expectations of future events. The companies referred to in this presentation
cannot guarantee that these assumptions and expectations are accurate or
will be realised. The actual results, performance or achievements, could thus
differ materially from those projected in any such forward-looking statements.
These companies assume no responsibility to publicly amend, modify or
revise any forward looking statements, on the basis of any subsequent
developments, information or events, or otherwise.

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Contents

Performance
PerformanceHighlights
Highlights

Financial
FinancialPerformance
Performance

Business
BusinessReview
Review

Summary
Summary

www.ril.com 3
Performance Highlights

E&P
„ Days of ‘easy’ oil over – paradigm shift in prices

„ 9 additional oil and gas discoveries in several blocks


Sr. Block & Well Well Name Oil/Gas
No. Discovery
1 KG- D6 R1 Gas
2 CY-D5 A1 Oil & Gas
3 KG-D4 MD1 Oil
4 KG III 5 P1 Gas
5 KG III 5 J1 Gas
6 KG V D3 A1 Gas
7 NE-25 J1 Gas
8 GS-01 B1 Gas
9 KG V D3 B1 Gas

„ KG D6 projects (D1, D3 gas and MA oil) on schedule for commissioning this year

„ Development plans for NEC-25 and MA oil field (KG-D6) submitted to DGH.
Development plan for CBM blocks approved

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Performance Highlights

R&M

„ Refining complexity, higher yields, superior product mix and wide crude slate enabled
RIL to achieve superior GRM

„ GRM at $15.5/bbl for the quarter and at $15/bbl for the full year

„ Strong product cracks in Asia result in high Singapore complex margins

Petrochemicals

„ Strong domestic demand for polyester (up 17%) and polymer (up 15%) support
volume growth

„ Polymer margins remain strong despite high feedstock cost

„ Standalone polyester margins improve significantly – chain margins impacted on


account of significant margin contraction in PX

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Financial
FinancialPerformance
PerformanceFY
FY2007-08
2007-08
Financial
FinancialPerformance
PerformanceFY
FY2007-08
2007-08
Financial Results – FY 2007-08

(In USD Million)


%
Change %
4Q FY08 3Q FY08 4Q FY07 FY08 FY07
over 4Q Change
FY07
9,645 9,103 6,735 43% Turnover 34,713 27,227 27%

1,572 1,541 1,218 29% PBDIT 6,032 4,722 27%

975 2,050 726 34% Net Profit 4,850 2,747 77%

Net Profit [excl.


975 985 726 34% 3,804 2,747 38%
exceptional item]
EPS (US$) [excl.
0.7 0.7 0.5 2.6 1.9
exceptional item]

Robust Operating Performance – Net Profit Growth of 38%

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Financial Results – FY 2007-08

(In Rs. Crores)

%
Change %
4Q FY08 3Q FY08 4Q FY07 FY08 FY07
over 4Q Change
FY07
38,697 35,880 29,276 32% Turnover 139,269 118,354 18%

6,308 6,074 5,293 19% PBDIT 24,201 20,525 18%

3,912 8,079 3,156 24% Net Profit 19,458 11,943 63%


Net Profit [excl.
3,912 3,882 3,156 24% 15,261 11,943 28%
exceptional item]
EPS (Rs.) [excl.
26.9 26.7 21.7 105.0 82.2
exceptional item]

Robust Operating Performance – Net Profit Growth of 28%

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Segment Results
(In US$ Million)
4Q 3Q 4Q Chg. Over FY08 FY07 Change
In US$ Million
FY08 FY08 FY07 4Q FY07 YoY
Refining
7,150 6,636 4,837 48% Revenues 25,110 19,768 27%
708 663 523 35% EBIT 2,575 1,777 45%
9.9% 10.0% 10.8% EBIT (%) 10.3% 9.0%
15.5 15.4 13.0 GRM (US$ / bbl) 15.0 11.7
Petrochemicals
3,519 3,224 2,892 22% Revenues 13,210 11,588 14%
365 451 318 15% EBIT 1,773 1,513 17%
10.4% 14.0% 11.0% EBIT (%) 13.4% 13.1%
Oil and Gas
206 192 126 63% Revenues 673 470 43%
111 98 70 59% EBIT 375 295 27%
54.0% 51.1% 55.3% EBIT (%) 55.6% 62.7%

Strong market dynamics drive refining performance; high naphtha


cracks impacts petrochemical margins
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Segment Results
(In Rs. Crore)
4Q 3Q 4Q Chg. Over FY08 FY07 Change
In Rs. Crore
FY08 FY08 FY07 4Q FY07 YoY
Refining
28,686 26,154 21,025 36% Revenues 100,743 85,932 17%
2,839 2,614 2,275 25% EBIT 10,332 7,724 34%
9.9% 10.0% 10.8% EBIT (%) 10.3% 9.0%
15.5 15.4 13.0 GRM (US$ / bbl) 15.0 11.7
Petrochemicals
14,119 12,706 12,572 12% Revenues 53,000 50,371 5%
1,466 1,777 1,381 6% EBIT 7,113 6,578 8%
10.4% 14.0% 11.0% EBIT (%) 13.4% 13.1%
Oil and Gas
828 758 548 51% Revenues 2,702 2,043 32%
447 387 303 48% EBIT 1,503 1,281 17%
54.0% 51.1% 55.3% EBIT (%) 55.6% 62.7%

Strong market dynamics drive refining performance; high naphtha


cracks impacts petrochemical margins
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Segment EBIT Bridge – FY08 Vs FY07

Net Impact
EBIT Variance Rs. Crore

Rs. 3,352 Crore


45 (32) 18,988
334
366
2,639
15,636

FY07 R& M Petchem Oil & Gas Others Depreciation FY08


Operating Operating Operating
Profit Profit Profit

Higher EBIT due to higher operating profit from all three operating segments -
refining, petrochemicals and oil & gas

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Net Profit – FY08 Vs FY07

(Rs crore)
Net Profit FY07 11,943
Operating Profit 3,260
Net Profit (before Other Income 417
exceptional) up by
Rs 3,318 crore Interest 112
compared to
previous year
Depreciation 32
Tax 439
Net Profit FY08 15,261

Improved operating profits from Refining and higher other income enhance
profitability
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Business Mix for FY08

Revenues FY08 EBIT FY08

Oil & Gas Others Oil & Gas Others


1.7% 0.5% 7.9% 0.2%

Petchem
33.7%

Petchem Refining
Refining 37.5% 54.4%
64.1%

Refining and petrochemicals contributed 98% of revenues and 92% of EBIT

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Financial Ratios – FY08

Ratios Mar-08 Mar-07


Net Debt : Equity 0.35 0.34
Net Gearing 22% 25%
Interest Cover 12.3 11.9

Weighted Avg. Cost of Debt (% ) 5.9 7.1


Avg. Maturity of Debt (years) 5.0 5.4
Forex Debt (% ) 85.0 73.0
ROCE (% ) 20.1 20.5
ROE (% ) (Adjusted) 23.0 24.0

Strong balance sheet with conservative financing norms

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Capex – FY08

4Q 3Q 4Q
FY08 FY08 FY07 (in US$ Million) FY08 FY07

855 1,236 758 Oil & Gas (E&P) 3,351 1,317

232 136 76 Refining & Marketing 663 329

18 57 22 Petrochemicals 126 106

294 136 15 Common 721 314

1,399 1,565 871 Total 4,861 2,066

Almost 70% of the capex incurred in Oil & Gas business

Cash profits fully re-deployed in existing businesses

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RIL Financial: 5 Year Trends
(Rs. Crores)

140,000 Revenues 25,000 EBITDA


120,000 – 23% – 21%
G R 20,000 GR
100,000 CA CA

80,000 15,000

60,000 10,000
40,000
5,000
20,000
0 0
FY04 FY05 FY06 FY07 FY08 FY04 FY05 FY06 FY07 FY08

16,000 PAT

12,000

8,000
30%CAGR
30% CAGRin
in
PAT
PAT
4,000

0
FY04 FY05 FY06 FY07 FY08 17
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RIL Financial: 5 Year Trends (Contd.)

30%
350,000 Market Cap. (Rs. Crs.) ROCE - ROE ROCE ROE

300,000 25%

250,000 %
54 20%

GR
200,000
CA 15%
150,000
10%
100,000
5%
50,000

0 0%
FY04 FY05 FY06 FY07 FY08 FY04 FY05 FY06 FY07 FY08

Consistent performance across all key metrics


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Stock Performance

Source: Bloomberg

Significant out-performance over benchmark indices

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Business
BusinessReview
Review
Exploration
Exploration&&Production
Production(E&P)
(E&P)

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E&P Environment
120 ($/bbl) IPE Brent Futures
„ Energy demand driven by secular growth Brent Average

– OECD slowdown mitigated by demand 110

from Middle East and Emerging


Economies 100

„ Energy supply challenge - production from


existing fields declining at about 5% 90

May-08

Jun-08

Jul-08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09
„ Energy prices to remain firm
– Era of Easy oil finds are over IHS/CERA Upstream Capital Costs Index

– High F&D costs in Frontier Areas


– Resource Nationalism
„ Despite high prices, demand is sustained
– IEA expects oil demand to grow by 1.5
MMBD in 2008
„ Supply chain continues to be tight

High prices and tight supply chain to continue


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Limited access to New Resources

„ Resource Nationalism - larger state 1960s 2008(a)


National Oil
control of oil and gas resources Company Reserves
Full International Oil
Company Access
1%
Soviet 16%
– Restricted access to large Reserves
14%
resources Limited
International
– Increasing fiscal terms Full
International Oil
Access(b)
19%
Company National
Oil Company
„ IOCs had access to 85% of the worlds Access
85% Reserves
65%
oil reserves in the 1960s - current
Full Equity Access(c) No Equity Access Limited Equity Access
share at about 16%

„ NOCs had access to 1% of the world’s Gas Reserves split between NOCs and
IOCs

oil reserves in the 1960s – now at 65% IOCs 9%

„ Access to conventional low cost


prospects a challenge NOCs 91%

„ IEA expects NOCs will dominate oil IOCs NOCs

production by 2030
Source:Industry Reports
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New Resources in Challenging Frontiers
Future oil and gas deepwater potential in the world
„ New Finds are in Frontier areas
– Arctic, Deepwater, Oil Sands, Shale

„ Exploitation of Deepwater resources remain low


– Deepwater resources aggregate to 300
Billion barrels
– About 30% discovered and only 2.5%
exploited
– 13 deepwater basins being developed
around the world DRILLING COSTS

„ Long Lead times to monetisation- 8-10 years COSTS

DEPTH
„ Technology Challenges
Expensive
– Subsurface Cutting /Breaking
Edge
– Drilling Technologies !
– Field Development
– Production

„ Harsh Environment for Operations

Deepwater E&P is characterized by technology challenges and long lead times


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Key Trends in LNG
1600
„ Asian LNG prices to rise with demand, (MMSCD)
Global LNG Demand
cost escalation and a tight supply market 1200

„ New and future LNG contracts expected China India ROW

to have higher crude linkages 800

„ General trend of shorter contracts 400

„ Spot LNG prices still high due to strong


Asian demand 0
2006 2015 2030

– Asian cargoes for March delivery at


Addl LNG New Plateau:
Rising Oil Prices
Come on Incr Globalisation of LNG
& Tight LNG Supply
Stream Trade
$15 -17/ MMBTU 20

18
– Deal between a Japanese utility and
16
with Abu Dhabi at $13/MMBTU
14

– Petrochina contract with Australia at 12

$10/MMBTU 10

„ LNG prices ex-ship expected to range


8
10

11

12

13

14

15

16

17

18

19

20

21

22

23
20

20

20

20

20

20

20

20

20

20

20

20

20

20
between $8/mmbtu to $18/mmbtu Asian LNG HH NBP Crude Oil

Tight markets and record prices for long-term contracts at above $ 10 /MMBTU
www.ril.com Source: Platts, Energy Intel 25
Indian Business Environment

„ Energy demand mirroring growth in 300 Domestic Gas Scenario


261
280

economy 250
226
196 197 202
200 190
179
„ Gas demand set to treble by 2012
150
from current level of 110 MMSCMD - 110
120

supply unlikely to keep pace 100 81

50

„ Dependence on LNG imports to 0


increase - spot LNG cargoes at 2008 2009 2010 2011 2012

$10+/mmbtu Total Gas Demand Total Gas Supply Current Consumption

12%
20%
„ Investments to spur connectivity and
22%

demand growth 19%


40%

88%

61%
38%

Indian gas sector poised for vibrant growth


2001 2006 2009E
APM PSC LNG
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* BP Statistical Review, MOPNG, Planning Commission’s report – Integrated Energy Policy, Aug’06
E&P Strategy

„ Grow domestic business and also look beyond


– Early development to supply into Indian markets
– Reserve accretion in India and other countries
„ Transfer competencies to replicate success
– Business structure and processes to support organic and inorganic
growth globally
„ Portfolio diversification - onshore, shallow, new plays and mature assets
„ Enhance technical skill-set and experience base
– Build world-class technology centers for deepwater etc. with local
talent pool to build supply chain capacity
– Focusing on growth and unlocking value in current portfolio

Build portfolio and competence to be a leading upstream player

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RIL Upstream Business

Exploration Development Production Pipelines Marketing

„ Largest acreage „ KG-D6 gas „ 30% stake in „ East –West „ Bulk gas
in the private „ KG-D6 oil PMT fields pipeline network marketing
sector „ NEC25 gas — Joint under „ Development of
„ Domestic „ CBM gas operator development CGD projects
portfolio of 33 oil „ PMT — 17MMscmd „ Plans to create
and gas blocks of gas prod. national gas grid
„ 5 CBM blocks and
„ PMT (Pre- 40,000bopd
NELP) of oil (gross)
„ International „ Oil production in
blocks Yemen

Integrated model across Exploration & Production


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Key Differentiating Factors for RIL

„ Large acreage especially in the emerging hydrocarbon region along the


east coast of India

„ Pioneering exploration and development work in India’s deepwater basins

„ Commercial discoveries in four of India’s major offshore basins in the


recent past

„ Efficient project execution leveraging human resources and cutting-edge


processes and technologies

– Completing a competitive development project which is the amongst


the fastest deepwater oil and gas projects in the world

„ Ongoing focus on safety performance and minimize environmental impact

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RIL E&P Business – Journey So Far

Acquisition Exploration Appraisal Development Production


& Marketing

KG Blocks
NEC Blocks KG D6
MN Blocks NEC 25 KG D6 (D1/D3 &
CY Blocks MA) KG D6 KG D6
GS 01 NEC25
GS Blocks NEC25 PMT
CY D5 PMT
CB Blocks KG III 5 & 6 Yemen
KG -V-D3 Yemen
KK Blocks Yemen
KGD4
International
Blocks

Acreage / Economic Commercial In Under


Fields Development Production
Portfolio Discoveries

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RIL – Domestic Portfolio
No. of Acreage - Deepwater
Description
Blocks '000 Sq KM Acreage %
PMT 2 2.7
Pre NELP 4 22.5
Nelp 1 5 38.7 59%
Nelp 2 2 14.6
Nelp 3 9 113.5 99%
Nelp 4 1 25.6 100%
Nelp 5 5 51.5 99%
Nelp 6 7 76.1 100%
CBM 5 3.9
International 11 78.8 70%
51 427.8 80%
Success Ratio
Success
Drilled Success
Rate
Deep Water - D6 24 18 86%
Deep Water -
9 4 44%
Others
Shallow Water 21 16 76%
Relinquished 9 - -
TOTAL 63 38 63%

Amongst the fastest growing private sector E&P companies in the world
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RIL - International Portfolio

„ Consolidated presence in Middle East


– Plan to drill Oman Block 18 – 2H FY2008-09
„ Tapping opportunities in Columbia and Peru
– Signed a deal in Peru for exploration

International footprint with focus on Asia-Pacific & Latin American


opportunities
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Domestic Exploration Performance

Discoveries in 2007-08
Basin Location Block & Well Disc. No. Discovery

Guj.
SW GS-01 - B1 D33 Gas
Saurashtra

Godavari DW KG- D6 - R1 D34 Gas

Cauvery DW CY-D5 - A1 D35 Oil & Gas

Krishna DW KG-D4 - MD1 D36 Oil

Krishna SW KG III 5 - P1 D37 Gas

Krishna SW KG III 5 - J1 D38 Gas

Krishna DW KG V D3 - A1 D39 Gas

Mahanadi DW NEC-25 - J1 D40 Gas

Krishna DW KG V D3 - B1 D41 Gas


SW = Shallow water DW = Deep water

Discoveries have opened new vistas for further exploration


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Discoveries in FY08

„ KG basin Discoveries:
– Extension of the 'Biogenic Gas
Corridor' across the basin
„ Cauvery Discovery
– Field Delineation and reservoir
characterization underway
– Further prospecting underway to
establish the extents of this play
„ Gujarat Saurashtra Discovery
– Discovery establishes existence of
a petroleum system
– Extension of play fairway is being
evaluated

Global leadership in success rate – 64%


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Rig Fleet Update

„ Current fleet - 4 rigs ‘000 US$ per day

– 2 deep / ultra deepwater Market Average Rate


Day Rates of Deepwater Rigs
RIL Average Contract Rate
800
– 2 Jack-ups
700
„ Rigs contracted for FY 2009 600

– 3 deepwater 500
400
– 1 onshore rig 300

„ 3 more deepwater rigs 200

contracted – currently under 100

construction 0
2003 2004 2005 2006 2007 2008 2009 2010

Source: Industry Research

Superior contracting strategies driving performance


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Accelerating Monetisation of reserves in India

Deepwater Fields – Estimated Time From First Discovery to Production

24
22

20
18

16
Time (Years)

14

12
Global Average of 9 Years
10

8
6

4
2
0

Project X
KG-D6-RIL

Project T

Project Z
Project I

Project J
Project C

Project D

Project H

Project N

Project R

Project U
Project L
Project G

Project O

Project Q
Project F

Project M
Project A

Project B

Project E

Project K

Project P

Project S

Project V

Project Y

Project AA
Project W
Field – Operator

www.ril.com
Source: Top 170 E&P Projects to Change the World (Goldman Sachs, February 2007) 36
Operating under severe resource constraints

„ Market for deepwater rigs is expected


to remain tight in the coming years
– New deep water discoveries
800000 Drill Ship Day Rates (> 7500 Feet)
– Limited Vendors globally 700000
600000
– High oil prices supporting record 500000
upstream spend 400000
300000
„ Under these circumstances 200000
100000
– RIL has added 3 rigs to its fleet to 0
speed up its exploration and

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
development efforts
– They have been contracted at very
competitive rates

Source:Deutsche Bank 37
www.ril.com
D1 D3 Gas Fields - Project on Track for First Gas by
2H 2008

Drilling & Well Offshore Onshore


■ Completions
Drilling of wells: 17 drilled Subsea, CRP Terminal
■ Well completions hardware delivered ■ XMT: 6 nos. recd at site. 3 No. ■ Structural: 78% completed
■ Two rigs deployed for well completions installed. Progressive deliveries up to ■ Pipe rack erection: 100% completed
Aug 08.
■ Lower well completions: 5 wells ■ All major equipment /packages at site
completed ■ All the installation barges/support
vessels mobilized/operating ■ AG Piping fabrication – 70 %
■ Upper well completions commenced.
completed.
■ CRP:
■ AG Piping erection – 62& completed
– Jacket, deck & LQ installation
completed. ■ Installation of all major
equipment/packages completed.
– Hookup & pre-commissioning
commenced. Target completion ■ Field Fab Tanks – Installation
May 08. completed. Testing in progress.
■ Subsea Installation: ■ Infrastructure facilities in operation:
– Structures: All 11 installed – Construction jetty
– Pipe laying: Total 50 % completed – Haul road from LFP to OT
– Dredging & pipe-laying in river ■ Construction of buildings in
section nearing completion infrastructure area: advanced stage of
completion.
– 2 Major Infield Umbilicals laying
completed. Target completion for ■ Transformers completed and HT/LV
major umbilicals by end Jun 08 panels nearing completion.
■ LFP to OT Pipe laying: 80% ■ Instrumentation – Commenced.
completed. Target installation
Drilling: 94% of planned wells completion by end May 08
completed Offshore Facilities: 79% complete Onshore Facilities: 83% complete
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KG D6 - D1 D3 Gas Field Development

Sub Surface, Drilling and Onshore Terminal and


Sub Sea Installation
Well Completions Infrastructure Facilities

Development Concept: Full Sub-sea Production System with Shallow Water


Control & Riser Platform and Onshore Processing. Shallow Water Compression
Platform at a Future Date
www.ril.com 39
Tog Mor Laying pipelines

www.ril.com 40
Offshore Installation Works

Audacia – Stringer

Stemat 82 – Umbilical Laying

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Lorelay laying pipelines

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Lorelay installing PLET

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Sub-Sea Installation Activities: Express

SDA2 Rigging SDA2 in Splash Zone

ROV Monitoring during Installation

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Installation of Deepwater PLEM

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CRP Installation Completed

NORTH DECK LOAD OUT

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LFP to OT Pipe Lines & Umbilicals

Pipe Welding Activities in Progress

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Onshore Terminal - Then …….and Now

„ Onshore Terminal 25 km from


Kakinada
„ Spread over approx 300 acres of land

April 2008

May 2006

„ Peripheral bund constructed. About 2 Million


meters band drains installed for the peripheral
bund to facilitate drainage
„ OT site raised to +4.2 m above MSL by
hydraulic filling.
„ Total 20,000 piles driven equivalent to 1000
kms

www.ril.com 48
MEG Regeneration / Reclamation area

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Fuel Gas Skids

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Flare and Hot Oil Heaters

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Chemical Injection skids – MEG area

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MA Status - Project on Track for First Oil by
2H 2008

Drilling & Well Offshore


FPSO
Completions Subsea
■ Drilling of Wells : Drilling of 3 wells ( 2 ■ All subsea Hardware received. ■ All Major modules received and
production wells + 1 Gas Injection installed on FPSO except for Gas
well) completed ■ All the installation barges / support
vessels mobilized / operating.2 Vessel Compression Module.
■ Lower Well Completions : 2 Production
wells + 1 Gas Injection well completed. demobilized after completing their ■ 2nd Dry docking period completed.
scope. ■ Mechanical Completion of Subsystem
■ Upper Well Completions : to
commence after Subsea facilities are ■ Installation : is in progress
installed. — Installation of Suction anchors (9 ■ Pre commissioning activities started
Nos), Mooring Lines and Buoy on FPSO
completed.
— Installation of Manifold completed.
— Installation of Hold Back Piles,
Tether Piles (16 Nos) completed
— Installation of Gas Injection
Umbilical Completed
— Installation of Production Risers in
progress.

Drilling & Well Completion: 82% Subsea Supply & Logistic and FPSO: 95% complete
Complete Installation: 85% complete

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53
Key Components -MA Field Development

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FPSO

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FPSO

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FPSO

FPSO Gas Compression and Dehydration

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FPSO Handling Capacities

„ Oil storage = 1.3 MM bbls


„ Liquid handling = 80,000 BPD
„ Gas processing = 9.0 MMscmd
„ Gas dehydration unit = 9.0 MMscmd
„ Gas injection = 3.0 MMscmd
„ Gas export = 9.0 MMscmd

www.ril.com 58
Key Challenges

„ Weather uncertainties: Met / Oceanic conditions

„ Complex logistics: Vessel Mobility Management - 70 vessels

„ Sensitivity to local issues: Managing local fisherman

„ Resource constraints

− Tight supply chain market

− Global shortage of manpower

Project on track to deliver first gas and oil by 2H 2008-09


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Other Development Projects

„ Commerciality of nine satellite gas discoveries in KG D6 approved

„ Development of NEC25

– Concepts and other G&G studies underway

– Drilled 11 Exploration wells with 8 discoveries

„ Development Plan for CBM discoveries in Sohagpur East and


West Blocks approved

„ Appraisal plan for discoveries in blocks SR01, KGIII5, KGD4,


NEC25, KGIII6 and CYD5 are underway

www.ril.com 60
Panna-Mukta and Tapti Update

„ Panna – Mukta: Crude production up 9% to 1.91 MMT and Gas production


up 22% to 2,030 MMSCM

„ Tapti block: Condensate production up 82% to 232,000 MT and Gas


production up 51% to 3,365 MMSCM

„ Panna-Mukta EPOD yielded incremental production of 850bopd

„ Tapti NRPOD completed in September 07 - incremental production of 6.4


MMSCMD of gas and 4000 bopd of condensate.

„ Development Plan of SWP & PK approved


– EPIC award in progress.
– Incremental Recovery of 14.5 MMBbls and 21.4 Bcf of gas

„ GAIL nominated for off take of entire PMT JV gas. Effective price at $5.57
to $5.73 per MMbtu

www.ril.com 61
Summary

„ KG-D6 - amongst most complex deep water projects - on schedule for

delivery of first gas and oil by H2 FY2008-09

„ Growing market and competitive pricing assures off take in the domestic

market

„ Resources mobilised to continue exploration, appraisal and development

in other blocks

„ E&P to be significant contributor to RIL’s earnings and cash flows in

coming years

www.ril.com 62
Refining
Refining&&Marketing
MarketingBusiness
Business

www.ril.com 63
Global Business Environment

„ Crude oil touched an all-time high - crossed $110/bbl in Mar’2008

„ OPEC remains unfazed with price rally. Keeps quota unchanged

„ Non-OPEC capacity additions suffering schedule delays; Spare


capacity only in the hands of OPEC

„ Geopolitical concerns persist

„ Asian Sour Benchmark crude (Dubai) likely to remain above


$85/bbl in 2008

www.ril.com 64
Global Business Environment (Contd.)

„ Middle distillate cracks crossed $30/bbl; Light distillate cracks under


pressure

„ Oil demand remains healthy, forecast to grow at 1.3 MMBD in 2008

– Global economic growth positive, supported by emerging economies

– Driven largely by China, India, Middle East and Latin America

– Demand expected to stay flat in North America and Europe

„ New refining projects continuing to suffer from costs and time overruns

„ Medium term tightness in refining capacity expected to stay

Positive outlook for the refining sector


www.ril.com 65
Why is crude so bullish…..

„ SUPPLY CONCERNS
$/BBL
NYMEX WTI Daily Closing Prices
115

– OPEC did not increase quota 110

105

– Nigeria remains a concern 100

amidst renewed threats for 95

90
kidnapping and militants attacks
85

„ OTHERS 80

75

– Weakening of US dollar 70

65
– Flow of investor funds into oil 60

– High degree of speculative 55

50
activity: NYMEX sees all time 07

12 07

08

8
7

30 0 7

07
24 07

02 0 7

07
26 07

1 7 07

08
07

N0

N0

B0
L0
R0

P
UG

UG
PR

EC

N
CT

AR
AY

JU

SE

FE
JU

JU

JA

JA
NO

NO
AP

high net speculative length

O
A

D
A

A
M

M
19
06

27

21

09

31

22
02

09
15

14
Bullish factors seem to persist in the short term
www.ril.com 66
Product Price Scenario

Gasoline / Gasoil price performance $/bbl


US Singapore
Q4-2007 Q1-2008 Q4-2007 Q1-2008
WTI (Cushing) Dubai
90.47 97.86 82.83 91.27
RBOB (Gasoline) Gasoline
95.77 104.28 94.10 104.13
Heating Oil Gas Oil
104.38 113.21 102.13 114.13

„ In US, Gasoline cracks improved only marginally due to high stocks

„ Gasoline margin in Asia remains stable due to restricted exports from China

„ Middle Distillates cracks average $22/bbl in Asia due to stock draw on


extended winter and upsurge in Asian demand

Margins better in Q1-2008


www.ril.com 67
Singapore Product Deltas
US$/bbl
35 35
Gasoil - Dubai Crack Jet/Kero - Dubai Crack
30 30

25 25
20 20

15 15
10 10
D 7
07

Au 7

8
N 7
Se 7

Fe 8
7

M 8

D 7
M 7

Ju 7
07

Au 7

N 7

8
Se 7

Fe 8
7

M 8
7

O 7

Ja 7
-0
l- 0
-0

-0
-0
0

-0
r-0

-0

l- 0
-0

-0

-0
0

0
r-0

-0
n-

n-

n-
g-

b-

n-
p-

g-

b-
p-
ov
ct

ar
ay

ov
ct
ec

ar
ay
Ju

ec
Ap

Ju

Ap
Ja

Ju
O

M
30
Gasoline - Dubai Crack
25
20
15
Significant improvement in Jet/Kero
10
and Gasoil cracks during the last
5
- quarter of FY 2007-08
D 7
07

Au 7

8
N 7
Se 7

Fe 8
7

M 8
7

07

7
-0
l- 0
-0

-0
-0
0

0
r-0

0
-0
n-

n-
g-

b-
p-

ov
ct

ar
ay

ec
Ju
Ap

Ju

Ja
O
M

Source: Reuters

www.ril.com 68
RIL - Refinery Operating Highlights

„ Refining complexity, higher yields, superior product slate and export


revenues enabled RIL to achieve GRM at $15.5 /bbl for the quarter

„ Average GRM at US$ 15 / bbl in FY08 - with continued strong performance


against all global benchmarks

„ Refinery utilization at 96.4% with 31.8 Mn Tons of crude processed in FY08

„ Export volumes soared to 22.1 Mn Tons against 17.7 Mn Tons in FY07

„ Aviation sector presence expanded further - operating at 13 airports

„ Six new varieties of crude processed

„ 50 ppm ULSD produced and sold for the first time

Consistent out performance amongst key benchmark regions


www.ril.com 69
Export markets

Europe Africa
20% 18%
Americas
7%

Asia / Middle
East
55%

„ Thrust on emerging markets continued for transportation fuels

„ Commenced export of 50ppm Ultra Low Sulphur Diesel to Europe

www.ril.com 70
Refinery Product Sales: FY08

2007-08 2006-07
Export Domestic Total Export Domestic Total
LPG - 2,712 2,712 - 2,671 2,671
HSD 11,482 929 12,411 9,147 2,031 11,178
MS 3,607 322 3,929 3,154 388 3,542
ATF 3,276 20 3,296 2,834 31 2,866
Naphtha 3,273 3,965 7,238 2,276 5,093 7,369
Propylene - 1,019 1,019 - 996 996
Others 510 4,469 4,979 243 4,990 4,990
22,147 13,437 35,584 17,655 16,200 33,612

Exports account for 63% of aggregate volumes


Growth driven by higher volumes of HSD and ATF
www.ril.com 71
Margin Benchmarking
18

16
15.0
14
11.7
12
10.3
US$ / bbl

10 8.8
8.9
8 7.6
6.1
5.1
6
4.9
4 4.8
2

0
2002-03 2003-04 2004-05 2005-06 2006-07 2007-08

RIL US Gulf Coast Mediterranean Rotterdam Singapore

Cracking margins Source: Reuters / Company Data

Increasing out-performance over the global benchmarks


www.ril.com 72
RIL Refining Business Trends

120000 Refining Revenues (Rs. Crs)


5 Yr. CAGR – 24%
80000

40000

0
FY03 FY04 FY05 FY06 FY07 FY08
24 Export Performance 22.1 18
16
20 63% CAGR in value 16.1 14
16 12
10
12
8
8 1.4 6
4
4 6.6 2
0 -
FY03 FY04 FY05 FY06 FY07 FY08
Volume (MMT) Value (US$ Billion)

www.ril.com 73
RIL Margin Trends

EBIT (Rs crore) RIL GRM ($/bbl) Singapore GRM ($/bbl)


16 15.0 12,000
14
10,000
12
8,000
10
8 6,000
5.3 7.6
6
4,000
4
2,000
2
2.4
0 -
FY03 FY04 FY05 FY06 FY07 FY08

Refining EBIT records a CAGR of 36% over the last 5 years


Premium over Singapore complex margins have more than doubled
www.ril.com 74
Crude Oil Outlook

„ Demand outlook positive, despite fears of slower economic expansion

„ Vigilant OPEC not looking to add production even at all-time high prices

„ New investment and index funds chasing commodities as a hedge

„ Ailing US economy leading to low interest rates, weaker dollar and flight to

commodities. Emerging markets remain strong and partially decoupled

„ Demand from China expected to stay robust

„ Marginal cost of production increasing : ~ 4 million bpd @ 75 $/bbl or more

Outlook for oil price stays firm


www.ril.com 75
Product Outlook

„ Global demand is expected to grow by a estimated 1.3 MMBPD

– Agency forecasts range between 1.21 – 1.30 MMBPD

– Downward revision by about 0.2 mbd from previous quarter estimates

„ Demand growth is expected to come from Asia Pacific, Middle East, Latin
America and Russia. US demand growth vulnerable to economic slow
down

„ Gasoil demand is expected to be strong, led by growth in Asia and


‘dieselisation’ in Europe

„ Gasoline demand growth is expected to be robust in Asia-Pacific. Potential


downside risk for growth in US due to high inventories, economic slow
down and ethanol substitution

www.ril.com 76
RPL Project Progress

„ Overall implementation progress at 90%

„ Project engineering efforts completed

„ Procurement activities nearing completion

„ Overall construction progress nearing 80% mark for the complex

„ Nearly 65% of project scope of equipments already installed

„ Startup planning and operation preparedness activities gained momentum

„ Sufficient site infrastructure mobilised to sustain construction on fast track

Project on-track for early commissioning


www.ril.com 77
GAPCO Update

„ Acquired towards enhancing wider footprint in petroleum retailing

„ Owns 250 retail outlets and 225,200 KL of storage capacity with 2 large

coastal terminals at Dar-es- salaam and Mombassa in East Africa

„ Significant progress made already

– Successfully revived business in Tanzania

– Improved supply chain management

– Obtained marketing/import rights in Kenya

www.ril.com 78
Refining Business Summary

„ Oil demand growth expected to stay firm, supported by rising

consumption in emerging economies. Demand softening likely in the US

and Europe

„ WTI prices likely to average upwards of $90/bbl in 2008

„ Product spec changes to present exciting trade opportunities

„ Extended strength in refining margins seen till 2012 with continuing delays

/ cancellation of new projects. Middle distillates margins seen well

supported

„ Light – heavy differentials to remain wide

www.ril.com 79
Petrochemicals
Petrochemicals

www.ril.com 80
Business Environment: Polymers

„ Global
– Firm price trends across the value chain
– Global polymer demand growth strong at 5.5%
– New cracker capacities on-stream ( in million tonnes)
ƒ FPC, Taiwan Æ 1.2 (Q1FY08)

ƒ Qapco, Qatar (expansion) Æ 0.2 (Q2FY08)

ƒ Arya Sasol, Iran Æ 1.0 (Q4FY08)

ƒ Jam Petro, Iran Æ 1.3 (Q4FY08)

„ India
– Domestic demand grew by 15% year-on-year
– Aggregate consumption of PE, PP and PVC crossed 5 million tonnes
– Growth driven by infrastructure and flexible packaging
– Over 1 million tonne capacity added by producers in downstream
industries

www.ril.com 81
Product Deltas

USD/MT
Q4 FY08 Q3 FY08 Q4 FY07 FY08 FY07

PE - Naphtha 694 628 697 651 704

PP - Propylene 134 211 52 163 54

PVC - EDC 461 448 345 457 387

Margins remained robust in ’07-08


www.ril.com 82
Ethylene : Global Demand Supply
200 100%
Demand / Capacity
Op Rate %
MMTPA
Demand
Op Rate

150 95%
Capacity

100 90%

50 85%

0 80%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Source -CMAI

Operating rates peaked at 91% in 2008


Startup delays in Middle East can push operating rates to 93%
www.ril.com 83
Middle East Capacity Expansions Update

In MMTPA

2007 2012

Saudi Arabia 9.5 17.6

Iran 5.0 7.6

UAE 1.4 2.0

Qatar 2.9 4.0

Kuwait 0.8 1.8

Total 19.6 32.5

# in bracket indicate capacity in 2012

32 mmta of new capacities underway; 11 mmta to go onstream by 1H 2009


www.ril.com 84
Source : CMAI web site
Global Cracker Vintage

2007 2012
10%
23%
29%
31%
17%

9%

19% 10%
31%
21%

0-5 Yrs 5-10 Yrs 10-20 Yrs 20-30 Yrs 30+ Yrs

30% of global capacity is vulnerable to a down cycle


www.ril.com 85
Growth Opportunities

Current Market Size Estimated Market Size


148 Mn Tons 192 Mn Tons in 2012

India
4% India
5%
China
23% China
Rest of the 28%
Rest of
World
World
50%
51% US US
22% 17%

Source : CMAI

52% of incremental demand to come from India and China


www.ril.com 86
RIL Downstream Portfolio
Capacity
Site Polymer Remarks
KTA
Baroda LD 95 Only domestic producer
PP 165 Only plant with Adipol technology in Asia
PVC 55
Gandhar PE 160 Speciality HM Grades

PVC 245 High value - Low K grades


Hazira PE 450 Swing plant - Quick to respond to market needs
PP 400 ICP Capability
PVC 325

Jamnagar PP 1030 World Scale plants


Nagothane LD 110 Only domestic producer
PE 240 Only plant with metallocene capability
PP 115 Highly Reliable

3390

Balanced portfolio of gas based and low cost naphtha based assets
www.ril.com 87
Polymer Production: FY 2007-08

Industry RIL

FY07 FY08 % change FY07 FY08 % change

PE 1,925 2,004 4.1% 1,011 1,084 7.2%

PP 1,917 1,978 3.2% 1,641 1,712 4.3%

PVC 889 958 7.8% 561 578 3.0%

TOTAL 4,731 4,940 4.4% 3,214 3,374 5.0%

Slowdown in industry capacity addition despite strong demand due to


concerns over impact of impending capacity additions in the Middle East

www.ril.com 88
Polymers – Demand / Supply Outlook

„ PE
– Global demand at 68 MMT in 2007; growing at over 5% annually
– 50% incremental demand to come from China and India
– China and India growing 10% annually, aided by robust demand from
downstream user industries
„ PP
– Global demand grew by 5.6% to 44.5 MMT in 2007
– PP demand from China and India to rise 5 MMT in the next 5 years
– India is the fastest growing market with 14% annual growth
„ PVC
– Global PVC demand at 35.5 MMT in 2007 - a growth of 5% YoY
– China to provide impetus to PVC demand. Aggregate consumption to
rise to 15 MMT by 2012 from 10 MMT in 2007
– India would continue be the fastest growing market growing at 10%

www.ril.com 89
PE – Sector Outlook

„ Demand likely to grow at healthy pace


– Driven by large consumption base and retailing

„ Key Growth Sectors


– HD : HM Film, HD/HM Pipe and Blow Molding
– LLD : Flexible Packaging, Roto Molding

„ Films/ Pipes continue to grow over 20%.


– Packaging: Retail boom
– Pipes: Infrastructure growth

„ RIL: Unique Metallocene capability


– Converting NC-LLD to NC-mLLD
– Reviving specialty products like EVA / UHMWPE

www.ril.com 90
PP – Sector Outlook

„ Demand: Double digit growth likely to continue in ’08-09

– Likely to double in next 7 years reaching 4.0 MMT by 2014

„ Raffia and BOPP with 50% sector share would remain mainstay

– Cement industry to drive growth

„ Films/ Sheets/Moulding would also grow over 10%

– Packaging Æ Retail boom, Moulding Æ Automobile boom

„ RIL is the only manufacturer catering to all end-use segments

www.ril.com 91
PVC – Sector Outlook

„ With infrastructure growth demand would continue to be healthy


– Likely to double in next 7 years reaching 2.7 MMT by 2014

„ Pipes and fittings with 70% sector share would remain mainstay
– Government focus on Irrigation / Sanitation

„ Films/ Sheets and Calendering would also grow over 10%


– Packaging Æ Retail boom; Blister Æ Pharmaceuticals

„ RIL Æ Only manufacturer catering to all end-use segments


– Wide spectrum of grade slate from K 57 (Blister) to K67 (Pipes/
Flexible applications)

www.ril.com 92
Polymer Price Outlook

1600 $/MT
PE PP PVC Long Term Averages

1400

1200

1000

800

600

400 Source: Platts


03-04 04-05 05-06 06-07 07-08 10 yr 5 yr

Prices to remain firm in the near term


www.ril.com 93
Polymer Summary

„ Demand outlook remains positive, particularly in India and China

„ Polymer prices likely to stay firm, pending new capacity additions

in ME

„ RIL to continue focus on fast growing domestic market

„ RIL cost competitiveness to remain with refining off-gas based

cracker at Jamnagar

www.ril.com 94
Polyester
Polyester

www.ril.com 95
Business Environment: Polyester

„ International cotton prices averaged 25% higher at US$ 1631/MT in 2007

„ Polyester margin improved, despite higher input costs

„ High MEG prices due to unplanned capacity shutdowns in Middle East

„ Slowdown in capacity additions in China due to monetary tightening,


stringent labour laws and fresh pollution control measures

„ Integrated players maintained margins

Integrated players pursuing consolidation opportunities before upcycle


www.ril.com 96
Margin Environment

Q4 FY08 Q3 FY08 Q4 FY07 FY08 FY07

PX - Naphtha 338 339 620 430 672

PTA - PX 83 92 77 107 86

MEG - Naphtha 626 1,022 508 712 499

POY - PTA/MEG 455 320 375 348 301

PSF - PTA/MEG 327 195 257 222 168

PET - PTA/MEG 262 126 226 188 172

Standalone polyester margins improve - chain margins impacted due to


intermediates
www.ril.com 97
Global Polyester Fiber Production

Polyester Growth: 5.4% ; All fiber growth 3% (CAGR 2005-15)


Key Growth Drivers
45000
• Economic growth,
40000
New applications, Life
35000
style changes and
30000
growing affluence
25000
• Higher cotton prices
KT

20000
15000
• Short term driver:
10000
Beijing Olympics in
5000
2008 for incremental
0
2005 2006 2007 2008 2009 2010 2015 polyester demand in
China
Asia North America Latin America Europe (Incld Turkey) Africa/M iddle East
Source: PCI 2007

Asia contributes 82% to the world’s textile polyester production


Asian dominance to continue
www.ril.com 98
Global Per Capita Fibre Consumption
6
Polyester Filament

5 Polyester Staple

Cotton struggling Polyamide Filament


4
Polyamide Staple

Acrylic
3
PES filament to overtake PES staple to overtake Polypropylene
cotton by 2015 cotton by 2020
2 Cellulosic

Cotton
1
Wool

0
1980 1985 1990 1995 2000 2005 2010 2015 2020
Source: Tecnon OrbiChem

Share of Polyester to grow from 40% to 56%


www.ril.com 99
World Fibre Demand

CAGR 2005-2010
-0.4%
70000
Nylon -0.5%
Acrylic 6%
60000 Cellulose

Cotton 1%
50000

40000
KT

30000 4.2%
PSF

20000 6.5%
PFY
10000

-
Source: PCI Textile industry growth 3%

Fibre growth rate : Positive correlation with GDP


Polyester: Foundation to the growth of global industry
www.ril.com 100
Cotton: Global Supply Demand Outlook
2006-07 2007-08 (E) 2008-09 (P)
Acreage Mn Ha 34.7 33.8 33.8
Yield Kg/Ha 766 763 794

Production Mn MT 26.7 26.0 26.9


Year on year growth -2.6 3.3
Consumption Mn MT 26.7 27.1 27.5
Year on year growth 1.8 1.3
Closing Stock Mn MT 12.7 11.6 11.0
Stock-to-use ratio % 48% 43% 40%

Cotlook 'A' - FE USD/MT 1304 1631 1763


Source: ICAC , Apr ‘08

„ Declining stock to use ratio pushing prices higher


„ Acreage expected to decline in USA and increase only marginally in China,
India, Brazil, African Franc Zone and Australia
„ Key Issues: Consumption, currency appreciation & acreage
Bio fuel crops influencing cotton economy
www.ril.com 101
Cotton Outlook

USD/MT Cotlook ‘A’


1900

Long term avg: $ 1428/MT


1500
5 Yr avg: $ 1366/MT

1100 PSF

700

2008 (P)

2009 (P)
1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007
Cotlook ‘A’
c/lbs 63 58 71 94 86 79 72 59 53 57 42 59 68 52 56 59 74 80 83

Cotton prices on Upcycle


www.ril.com 102
Indian Business Environment

Demand Growth FY 2007-08


26%
18%

12%

PFY PSF PET

„ Custom duty of polyester products reduced to 5% from 10% (mid year revision to 7.5%)

„ Major filament capacity (~1.3 MMT) being planned in view of strong domestic demand

– Backward integrated texturisers have better margins versus standalone players

„ Rupee appreciation has hit downstream exporters resulting in slower demand growth

– Government announces measures to cushion rupee hit exporters

„ 10% capital subsidy on technical textiles & garments m/c under TUFS
www.ril.com 103
Polyester Production: FY 2007-08

Industry RIL

FY07 FY08 % change FY07 FY08 % change

POY 1,415 1,684 19.0% 616 683 10.9%

PSF 774 897 15.9% 610 621 1.8%

PET 490 510 4.1% 256 268 4.7%

TOTAL 2,679 3,091 15.4% 1,482 1,572 6.1%

Growth in RIL production reflects full year impact of additional capacity


added during FY2006-07

Industry capacity addition on the back of improvement in standalone


margins and strong outlook on cotton prices

www.ril.com 104
Upstream & downstream squeezing PX
1800 1800
Naptha in PSF PX Delta
Cotton prices
PTA Delta MEG in PSF capping Polyester
1600 PSF Price Cotton Price 1600

1400 1400

1200 1200
MEG prices
Skyrocket on the
1000 back of global 1000
outages

800 800

600 PX deltas 600


under pressure

400 400

200 Crude driving 200


Naptha prices
upwards
0 0
Aug-02

Aug-03

Aug-04

Aug-05

Aug-06

Aug-07
Nov-02

Feb-03

May-03

Nov-03

Feb-04

May-04

Nov-04

Feb-05

May-05

Nov-05

Feb-06

May-06

Nov-06

Feb-07

May-07

Nov-07

Feb-08
www.ril.com 105
Domestic Market Outlook : 2008-09

„ Cotton prices to remain firm; to support polyester prices

„ Polyester operating rates to improve

„ Margins to improve with easing of raw material supplies

„ New capacity addition in China slowing down or deferred

„ India: Government action review

– Extended DEPB scheme & interest payment on delayed


refunds to provide cushion to rupee appreciation hit exporters

– TUFS extended for the period of full 11th plan; downstream


investments to continue

„ Rising domestic demand to cushion against unfavourable export


environment

www.ril.com 106
Domestic Fiber Market: Growth outlook

KTA 2006-07 2011-12 CARG (07-12)

Raw Cotton 3580 5914 10%


PSF 676 1907 23%

PFY 1160 3273 23%

Others 627 906 8%

Grand total 6043 12000 12%


Source: CITI

Incremental polyester demand of 3.4 MT in the next 5 years


www.ril.com 107
Polyester: Journey beyond Apparels

India World
Home
Home
Textiles
Textiles
Automotive
5% 16%
3%
Apparel
41%
Industrial Automotive
2% 20%

Industrial
Apparel
90% 23%

Source: PCI

Huge untapped potential in non-apparel applications in India

www.ril.com 108
Innovations

New Products
„ Recron Polylon
„ Recron Stretch
„ Octagonal Black
„ Deep Dye Low Shrinkage FDY
„ Carpet fibre
„ Low Pill Tow
„ Recrobulk
„ Short cut fibers for wet laid
application

Developed a strategy for implementing “open innovation”


Self sustaining innovative process capability for idea generation

www.ril.com 109
Growth Strategy

„ Pursue both organic and inorganic growth opportunities

„ Integrated POY-PTY for new capacity to reduce packing and logistic costs

„ Participate in high value growing business segments

„ Enhance innovation through integration of efforts between research,

manufacturing and business development

Poised to reap benefits of leadership in large growth markets


www.ril.com 110
Trevira Performance

2006 2007
Sales (KT) 126 138

New Product Development

„ Four new patent applications

Marketing

„ Focus on premium automotive, functional wear, home and technical textiles market

„ Thrust on quality conscious markets in Germany, France, Italy, US and Spain

„ Leading customers include Toyota, Volkswagen, BMW, Mercedes, Volvo, Nissan

Manufacturing

„ Transfer of production of Air texturising and Dyed yarn to Poland initiated

„ Other manufacturing locations are in Germany, Belgium and Denmark

www.ril.com 111
Recron Malaysia (Hualon): Update

„ Management control taken over in Dec ’07

– Physical control of assets in Jan ‘08

„ Complete overhaul of production being done to optimize assets

„ Quality improvement being undertaken to bring it to RIL standards

„ Strategic initiatives taken to reduce cost, utility optimization and effective


supply chain management

Polyester : 550 KTA (POY, FDY, PSF, PET)


Texturising : 200 Murata machines
Spun Yarn : 2.5 lacs spindles
India’s largest synthetic spinner, 2.6 lacs
Weaving : 5758 water jet looms 500 mn yards
Larger than any Indian company
Finishing : 80 mn yards
Nylon : 36 KTA (New product for RIL)
www.ril.com 112
Summary
Summary
Summary

„ Superior performance from world-class assets in all our businesses

„ Best-in-class project execution for RPL refinery project - Reliance’s refining

capacity to double - Jamnagar to be the largest refining hub in the World

„ Production of 80 MMSCMD gas from D1 & D3 fields to double India’s gas

availability - will operate amongst the most complex deep water production

systems globally

www.ril.com 114
Thank
ThankYou
You

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