Oil & Natural Gas Corporation Ltd.

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1 Energizing Tomorrow Oil & Natural Gas Corporation Ltd. Financial Results - ONGC, OVL & MRPL for the year ended

2 Presentation overview 1 Performance ONGC Q4 & FY 14 2 Performance OVL FY 14 3 Performance MRPL Q4 & FY 14

3 Production Performance FY 14 Crude oil - ONGC MMT Crude oil-jvs MMT Condensate/NGL MMT Total Crude oil MMT Gas -ONGC BCM Gas -JVs BCM Total Gas BCM LPG 000 MT ,067 1,007 Naphtha 000 MT ,358 1,534 C2-C3 000 MT SKO 000 MT Total VAPs MMT

4 Sales Performance FY 14 Crude oil - ONGC MMT Crude oil-jvs MMT Total Crude oil MMT Gas -ONGC BCM Gas -JVs BCM Total Gas BCM LPG Naphtha C2-C3 SKO 000 MT ,073 1, MT ,379 1, MT MT Total VAPs MMT

5 Financial Performance FY 14 Sales Turnover Add: Other Operating Income Less: Statutory Levies Operating Revenue net of Levies Add: Other Income Less: Operating Exp. (Incl Provisions & Write off) Less: Exploration cost Written off (Survey & Dry Wells) Less: Variation in Stock 2.05 (0.57) (0.52) 1.04 (0.22) PBDIT

6 Financial Performance FY 14 FY 14 FY 13 PBDIT DD&I Interest - - (0.04) Profit Before Tax Provision for Tax Profit After Tax

7 Crude Oil Prices Rates in US $ FY 14 Pre Discount Less: Discount Post Discount Post Discount ` /bbl 2,026 2,852 2,755 2,478 2,606 Exchange Rate

8 Sales Revenue FY 14 Crude oil Gas LPG Naphtha C2-C SKO Others Profit Petroleum (7.80) (10.36) (7.05) (38.53) (32.59) Retail Outlet Prior Period - - (0.11) (0.01) (0.19) Total Sales

9 Sales Revenue contd.. Crude Oil FY 14 FY 14 FY 13 Nominated Blocks Joint Venture Share Crude Oil - total Gas FY 14 Nominated Blocks Joint Venture Share Gas - total

10 Other Income FY 14 Interest on : Short Term Deposits Site Restoration Fund Deposit Loans to Subsidiary Employee Loans Oil Bonds, IT Refunds Dividend Income Others Total

11 Statutory levies FY 14 Royalty Cess NCC Duty Excise Duty Education Cess Sales Tax Service Tax Octroi & BPT Prior Period Levies - (0.01) (0.01) Total

12 Statutory levies Royalty FY 14 FY 14 FY 13 Crude - Offshore Onshore Joint Venture Total Royalty Crude Gas - Offshore Onshore Joint Venture Total Royalty Gas Total Royalty Oil + Gas

13 D D & I Cost FY 14 Depletion Depreciation Impairment Prior Period Total

14 Under-recovery Rs. Crore FY 14 Upstream share of Under-recovery ONGC 16, , , , , OIL 2, , , , , GAIL , , TOTAL 19, , , , , Distribution of Upstream share of under-recovery IOC 9, , , , , BPCL 3, , , , , HPCL 5, , , , , TOTAL 19, , , , ,000.00

15 Impact of Under-recovery Rs. Crore FY 14 Subsidy discount 16,202 13,764 12,312 56,384 49,421 Impact on Statutory levies 2,383 2,176 2,098 8,628 7,362 Impact on Profit Before Tax 13,819 11,588 10,214 47,756 42,059 Impact on Profit After Tax 9,122 7,649 6,900 31,524 28,413

16 ONGC Videsh Ltd. OVL FY 14 - Performance

17 OVL: O+OEG Production Projects Oil (MMT) Gas (BCM) Oil (MMT) Gas (BCM) Vietnam Block Sudan, GNPOC South Sudan, GPOC S.Sudan, SPOC, Block 5A Russia, Sakhalin Syria, AFPC Columbia, MECL Venezuela, Sancristobal Venezuela, Carabobo Myanmar A1 & A Azerbaizan, ACG Russia, Imperial Energy Brazil, BC Syria, Block Total Production

18 OVL: Financial Performance Sales Turnover Other Income Gross Revenue Less: Operating Expenses (incl provisions & Write off) Financing Costs Adjustments for overlift/(underlift) Variation in Stock (1.47) 0.15 PBDT

19 OVL: Financial Performance PBDT DD&A Prior period adjustment (0.42) (0.50) Profit Before Tax Provision for Tax Profit After Tax Minority Interest (0.13) (0.12) Profit After Tax (Group)

20 OVL: Revenue-Sales Crude Oil Natural Gas Condensate Others (Processing/Transportation etc) Less: VAT Total Revenue

21 OVL: Expenditure A. Operating Expenses Operating Costs Statutory Levies Provisions & Write Offs Total (A) B. DD & A Depreciation Depletion Amortisation Total (B)

22 Mangalore Refinery and Petrochemicals Ltd. MRPL Q4 & FY 14 - Performance

23 MRPL : Thruput MMT Q4 Q3 Q2 Q FY 14 FY 13

24 MRPL : Financial Performance Q4 FY 14 Q4 FY 13 Sales Turnover (Net) Add: Other Income Gross Revenue Variation in Stock (4.71) (4.73) (6.54) (10.94) Raw Materials consumed Operating & Other expenses Exchange Loss/(Gain) (5.75) (0.86) Interest & Financing Charges PBDT Depreciation Provision for Tax (2.03) 1.08 (1.91) 2.80 Profit After Tax (0.62) 6.01 (7.57)

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