CORPORATE PROFILE

PETRONET LNG LIMITEDMay , 2012

OVERVIEWOVERVIEW

Global & India’s Primary Energy ConsumptionScenario

India’s Gas Scenario, Infrastructure

Role of LNG in India

About Petronet’sAbout Petronet’s

Dahej & Kochi Terminals

New Initiatives

Performance

PRIMARY ENERGY PER CAPITA CONSUMPTIONPRIMARY ENERGY PER CAPITA CONSUMPTION

Source : BP Statistical Review June 2011

PRIMARY ENERGY CONSUMPTION (MTOE)PRIMARY ENERGY CONSUMPTION (MTOE) -- WORLDWORLD

Fuel 2005 % 2010 %

Oil 3837 36 4028 34

Gas 2475 24 2858 24

Coal 2930 28 3556 30

36%

24%

28%

6%6%

Oil

Gas

coal

Nuclear

Hydro

Renewables

Year 2005

Source : BP Statistical Review-June 2011

Coal 2930 28 3556 30

Nuclear 627 6 626 5

Hydro 669 6 776 6

Renewables - - 159 1

Total 10537 100 12002 100

24%

34%

24%

30%

5%6%

1%

Oil

Gas

coal

Nuclear

Hydro

Renewables

Year 2010

PRIMARY ENERGY CONSUMPTION (MTOE)PRIMARY ENERGY CONSUMPTION (MTOE) -- INDIAINDIA

Fuel 2005 % 2010 %

Oil 116 30 156 29

Gas 33 8 56 11

Coal 213 56 278 53

Year 2005

30%

8%56%

1%

5%Oil

Gas

coal

Nuclear

Hydro

Renewables

Nuclear 4 1 5 1

Hydro 22 5 25 5

Renewables - - 5 1

Total 387 100 524 100

Year 2010

Source : BP Statistical Review-June 2011

29%

11%53%

1% 5% 1%

Oil

Gas

coal

Nuclear

Hydro

Renewables

INDIAINDIA –– A MAJOR GAS/LNG CONSUMERA MAJOR GAS/LNG CONSUMER

13th largest gas consumer – 65 BCM (~178 MMSCMD)

6th largest LNG importer – 16 BCM (~44 MMSCMD)

Economy increasing at CAGR of 7-8% p.a. with similarincrease in Energy Consumption

Share of Natural Gas in Indian Energy basket to Share of Natural Gas in Indian Energy basket toincrease from 11% to 20% by 2025

Despite increase in domestic gas production-dependency on imported gas to increase substantially

Pipeline network- developing into a national grid- needsto grow faster, connecting new markets

CURRENT GAS DEMAND &CURRENT GAS DEMAND &DOMESTIC SUPPLY SCENARIODOMESTIC SUPPLY SCENARIO

305

385434

488

550

300

400

500

600

Demand Supply

(10.8)

(13.6)(15.3)

(17.2)

(19.4)

(Bcf/day)(MMSCMD)

Demand – Mercados Analysis , 2011Supply – Directorate General of Hydrocarbons (DGH)

243

305

155192

198 203240

215

0

100

200

300

2011-12 2012-13 2013-14 2014-15 2015-16 2019-20

(8.6)

(10.8)

(5.5) (6.8)

(7.0) (7.2)

(8.5) (7.6)

SECTOR WISE PROJECTED GAS DEMANDSECTOR WISE PROJECTED GAS DEMAND

Gas Demand (MMSCMD)

Source : Mercados Analysis, 2011

311

388

27659

17125

19

230

Gas demand and supply, 2015Mmscmd, at customer gate prices

LARGE DEMAND BUT SENSITIVE TO PRICELARGE DEMAND BUT SENSITIVE TO PRICE

SOURCE: Indianpetro; DGH; Company annual reports; Expert interviews; McKinsey analysis

High Potentialdemand,2015

Price of $8-10 mmbtu

Medium Price of $11-12/ mmbtu

Price of $13-14/ mmbtu

Price of $16-17/ mmbtu

Low2010 yearendconsumption

1 Based on estimated LNG supply of 8 mtpa in 2015 including RasGas (7.5 mtpa) and 1.5 mtpa from Gorgon LNG in 2015

21 3 4

Imports

Domestic supplies

Sectors withdemand

▪ Industries▪ CNG

transport

▪ Refineries▪ Industries▪ Power

cogen

▪ Peakingpowerplants

▪ Baseloadpower

▪ New fertilizerplants

Prices at Crude of $ 100/Bbl

LNG IN INDIALNG IN INDIA

Hydrocarbon Vision 2025’ envisaged a GDP growth of 5-6% for

the E&P sector along with demand supply scenario of oil & gas in

the Country

Current GDP growth of 7–9% translate into overall energy

demand growth at CAGR of 7.50%

Given India’s growing energy requirements & unlikelihood ofGiven India’s growing energy requirements & unlikelihood of

matching increase in the domestic supplies, despite some

significant oil & gas finds recently, the import dependence is

only going to accentuate sharply in the coming years

LNG Regas Capacities

Presently, India’s LNG import capacity around 13.5 Mmtpa through 2

terminals & meeting approx. 20% of total gas supply of the country

PETRONET LNG LIMITEDPETRONET LNG LIMITED

Incorporated on April 2, 1998

Authorized Capital Rs. 1200 crores (USD 240 Million), Paid up capital Rs. 750

crores (USD 150 Million)

Commencement of Commercial Operations - April, 2004

Equity Equity

50% held by Oil & Gas PSUs (ONGC, IOC, BPCL & GAIL ) 10% held by GDFI (part of GDF SUEZ) 5.20% ADB

VisionVision

To be a key energy provider to the nationby leveraging unique position in the LNGvalue-chain with international presence

Revenue grew 31.5%EBITDA growth 24%

TOWARDS THE VISIONTOWARDS THE VISION

Create and manage worldCreate and manage world--class LNGclass LNGinfrastructureinfrastructure

Pursue synergistic businessPursue synergistic businessopportunitiesopportunities

Continue excellence in LNG businessContinue excellence in LNG business

Business StrategyBusiness Strategy

(All Values in INR)

Continue excellence in LNG businessContinue excellence in LNG business

- Focus on higher capacity utilizationand better operational efficiencies

- Diversify LNG sources

Diversify businessDiversify business

- Gas-based power generation

- Venture into city-gas distribution/direct marketing to far-flungconsumers

- Solid cargo port at Dahej

Maintain highest standards of businessMaintain highest standards of businessethicsethics

0

5000

10000

15000

20000

25000

2006-07 2007-08 2008-09 2009-10 2010-11 2011-12

55096555

8429

10649

13197

22696

685 920978 944 1284

1914

Revenue EBIDTA

VisionVision

To be a key energy provider to the nationby leveraging unique position in the LNGvalue-chain with international presence

Revenue grew 31.5%EBITDA growth 24%

TOWARDS THE VISIONTOWARDS THE VISION

Create and manage worldCreate and manage world--class LNGclass LNGinfrastructureinfrastructure

Pursue synergistic businessPursue synergistic businessopportunitiesopportunities

Continue excellence in LNG businessContinue excellence in LNG business

Business StrategyBusiness Strategy

(All Values in USD)

5000 4539Revenue EBIDTA Continue excellence in LNG businessContinue excellence in LNG business

- Focus on higher capacity utilizationand better operational efficiencies

- Diversify LNG sources

Diversify businessDiversify business

- Gas-based power generation

- Venture into city-gas distribution/direct marketing to far-flungconsumers

- Solid cargo port at Dahej

Maintain highest standards of businessMaintain highest standards of businessethicsethics

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

11021311

1686

2130

2639

4539

137 184 196 189257 383

Revenue EBIDTA

DAHEJ LNG TERMINALDAHEJ LNG TERMINAL

Located at West Coast, State of Gujarat in the Gulf ofCambay

Commencement of Operations in 2004

Capacity (Mmtpa) : 5.0 10.0

Truck Loading facility can handle 2500 loadings/ yr.

LNG Cargoes unloaded : 865 (As on date) LNG Cargoes unloaded : 865 (As on date)

Further capacity expansion to 15 Mmtpa

Second Jetty : Under Construction

Regas & Storage Capacity : DFR Completed

Pre Project Activities started

DAHEJ LNG STORAGE TANKSDAHEJ LNG STORAGE TANKS

DAHEJ REGAS FACILITIES WITH AIRDAHEJ REGAS FACILITIES WITH AIR--HEATERHEATER

LNG TRUCK LODING FACILITIESLNG TRUCK LODING FACILITIES –– DAHEJDAHEJ

VAPORISATIONVAPORISATIONFACILITIESFACILITIES

WEIGH BRIDGEWEIGH BRIDGE

LNG Terminal located in Special Economic Zone with Co-developer status

Capacity 2.5 5.0 Mmtpa

Tied up 1.44 MMTPA LNG from Exxon Mobil’s Gorgon Project

Two Storage Tanks constructed by IHI, Japan – Mechanically

KOCHI LNG TERMINALKOCHI LNG TERMINAL

Two Storage Tanks constructed by IHI, Japan – Mechanicallycommissioned

Regasification Facilities being constructed by CTCI, Taiwan

Marine Facilities being constructed by Afcons Infrastructure Ltd

Progress on schedule, overall completion 96.05%, scheduledcommissioning by end 3rd Qtr. , 2012

KOCHIKOCHI –– STORAGE TANKSTORAGE TANK

KOCHIKOCHI -- MARINE FACILITIESMARINE FACILITIES

NEW THIRD TERMINAL AT EAST COASTNEW THIRD TERMINAL AT EAST COAST

Proposed Capacity: 5 Mmtpa

Location: Gangavaram, AndhraPradesh

Regasification Scheme: IndirectFluid using ambient air heaterFluid using ambient air heater

PFR Completed

DFR under preparation

Estimated Project cost: Rs.4500Crores (USD 900 Million)

Gangavaram

INTEGRATED POWER PLANT AT DAHEJ & KOCHIINTEGRATED POWER PLANT AT DAHEJ & KOCHI

Proposed power plants of 3x356 MW-ISO (total 1068 MW CCGT)with improved performance, the expected output is 1200 MW

Fuel requirement of 1.0~1.1 Mmtpa LNG for each Plant

Implementation schedule

12~15 months for pre-development activities 12~15 months for pre-development activities

33 months for construction and commissioning

DFR for a 1200 MW Power Plant – completed for Dahej

Land Identification at Kochi under progress

Power project to harness cold energy from LNG Terminal

DIRECT MARKETINGDIRECT MARKETING

Petronet exploring opportunities to supply LNG to Coastalarea consumers through small LNG Vessels in India andneighbouring countries

Direct Marketing by focusing on the following areas:

Signed HOAs with bulk end consumers in Power, Refineries& Fertilizers Sectors& Fertilizers Sectors

LNG/LCNG supplies through Trucks, to LNG hubs, SatelliteStations at customer’s premises in regions not serviced bypipelines under the Brand name of

BUSINESS MODELBUSINESS MODEL

Robust Model

LNG supply contract with RasGas, Qatar & Exxon Mobil, Australia

Gas Sales Agreement with GAIL, IOCL & BPCL back to back with SPA

Time Charter Agreement with established consortium

Entire Fuel cost pass through including exchange rate Entire Fuel cost pass through including exchange rate

Location

Proximity to LNG suppliers

Most competitive LNG transportation cost

Proximity to Customers – HBJ, DUPL and GSPC network in Gujarat

FINANCINGFINANCING

Very strong parentage and a robust business model

Financing cost is amongst the lowest in the Industry

With the use of effective hedging techniques, theCompany has been able to maintain a low cost ofCompany has been able to maintain a low cost ofdebt service even in such turbulent times

The average cost of debt is 9.49% p.a. in rupeeterms

PERFORMANCE GRAPHPERFORMANCE GRAPH

400

440

548

400

500

600

Sales/ Service TBTU

2682

3520

2500

3000

3500

4000

Net Worth Rs. Crore

125

247

290

322 321

0

100

200

300

8791072

1274

1619

1983

2236

0

500

1000

1500

2000

2500

PERFORMANCE GRAPHPERFORMANCE GRAPH

400

440

548

400

500

600

Sales/ Service TBTU

431

486

583

652

400

500

600

700

Net Worth USD Million

125

247

290

322 321

0

100

200

300

191

233

277

352

0

100

200

300

400

PERFORMANCE GRAPHPERFORMANCE GRAPH

22696

15000

20000

25000

Turnover Rs. Crores

1058

800

1000

1200

PAT Rs. Crores

1945

3837

55096555

8429

10649

13197

0

5000

10000

15000

-28

195

313

475518

405

620

-200

0

200

400

600

PERFORMANCE GRAPHPERFORMANCE GRAPH

212

150

200

250

PAT USD Million

4539

3000

3500

4000

4500

5000

Turnover USD Million

-6

39

63

95104

81

124

-50

0

50

100

150

389

767

11021311

1686

2130

2639

0

500

1000

1500

2000

2500

3000

PERFORMANCE BASED ON EMPLOYEE PARAMETERSPERFORMANCE BASED ON EMPLOYEE PARAMETERS

2011-12 2010-11 2009-10

No. of Employees 309 276 273

Turnover/ employees (USD Million) 14.80 9.76 7.96

Profit Before Tax / Employee (USD Million) 1.02 0.67 0.45

Employee Remuneration cost as % of Profit) 2.83% 3.37% 3.41%

Total no. of employees : 309

Training & Development : 6 Mandays / Employee

Average Age: 34.5 years (59% employee in 31-40 years of age)

63% of employees are Graduates or Post Graduates

Average years of association of employees with Company 5.6 years

Attrition rate 2010-11 : 3.92%

Note: Exchange rate @ Rs 50/- per USD

FINANCIAL PARAMETERSFINANCIAL PARAMETERS

Earning Per Share (INR)

4.17

6.33 6.915.39

8.27

14.10

4.00

6.00

8.00

10.00

12.00

14.00

16.00

Year EPS (INR) P/E D/E2006-07 4.17 23.99 1.082007-08 6.33 11.15 0.972008-09 6.91 11.62 1.152009-10 5.39 5.75 1.122010-11 8.26 15.19 1.202011-12 14.10 9.29 0.93

4.175.39

0.00

2.00

4.00

2006-07 2007-08 2008-09 2009-10 2010-11 2011-12

FINANCIAL PARAMETERSFINANCIAL PARAMETERS

Earning Per Share (USD)

0.13 0.14

0.11

0.17

0.28

0.10

0.15

0.20

0.25

0.30

Year EPS (USD) P/E D/E2006-07 0.08 23.99 1.082007-08 0.13 11.15 0.972008-09 0.14 11.62 1.152009-10 0.11 5.75 1.122010-11 0.17 15.19 1.202011-12 0.28 9.29 0.93

0.080.11

0.00

0.05

0.10

2006-07 2007-08 2008-09 2009-10 2010-11 2011-12

As on Mar, 31 2004 2005 2006 2007 2008 2009 2010 2011 Current

Mkt. Price INR 27 46 62 47 73 40 82 123 141.70

SHAREHOLDERS WEALTH CREATIONSHAREHOLDERS WEALTH CREATION

141.7140

160

Mkt. Price INR

27

46

62

47

73

40

82

123

0

20

40

60

80

100

120

2004 2005 2006 2007 2008 2009 2010 2011 Current

SHAREHOLDERS WEALTH CREATIONSHAREHOLDERS WEALTH CREATION

As onMar, 31 2004 2005 2006 2007 2008 2009 2010 2011 Current

USD PerShare 0.54 0.92 1.24 0.94 1.46 0.80 1.64 2.46 2.83

2.833.00

Market Price USD

0.54

0.92

1.24

0.94

1.46

0.80

1.64

2.46

0.00

0.50

1.00

1.50

2.00

2.50

2004 2005 2006 2007 2008 2009 2010 2011 Current

FINANCING STRUCTUREFINANCING STRUCTURE

(INR CRORES)(INR CRORES)

Particulars DahejTerminal

KochiTerminal

2nd BerthDahej

DahejExpansion

Total

Shareholders FundEquity Capital/Internal

1015 1260 281 930 3486Equity Capital/Internalaccruals/Premium

930

Debt 2435 2940 655 2170 8200

Total Means of Finance 3450 4200 936 3100 11686

The existing debt equity ratio is 0.93 : 1; providing enough room toleverage Balance Sheet for new projects in future.

FINANCING STRUCTUREFINANCING STRUCTURE

(USD MILLIONS)(USD MILLIONS)

Particulars DahejTerminal

KochiTerminal

2nd BerthDahej

DahejExpansion

Total

Shareholders Fund 203 252 56 186 697

The existing debt equity ratio is 0.93 : 1; providing enough room toleverage Balance Sheet for new projects in future.

Shareholders FundEquity Capital/ InternalAccruals/ Premium

203 252 56 186 697

Debt 487 588 131 434 1640

Total Means of Finance 690 840 187 620 2337

PetronetPetronet LNG India RankingLNG India Ranking

PETRONET LNG GLOBAL RANKINGPETRONET LNG GLOBAL RANKING

A latest study by the Plimsoll Global Analysis on Global Crude

Oil & Gas Extraction Industry among 1000 largest companies

around the world, ranked Petronet LNG as:-

150th Largest Company 150th Largest Company

301th most Profitable Company

CSRCSR --THE JOURNEY HAS JUST BEGUN……………THE JOURNEY HAS JUST BEGUN……………TOWARDS AN INCLUSIVE SOCIETYTOWARDS AN INCLUSIVE SOCIETY -- DAHEJDAHEJ

Participative community development programmes with GIDC in Luvara & Lakhigam villages

CODEGAZ, the CSR arm of our strategic partner GDF Suez supports our cause.

Health & Sanitation

Potable drinking water/water harvesting/laying of water pipelines/ Storm water drainage.

Preventive and Social medicine aids (includes primary health centre).

Education and Employment generation programs

Construction of School , Scholarship & Vocational Training. Construction of School , Scholarship & Vocational Training.

Inauguration of Petronet LNG Centre for Vocational Rehabilitation.

Indirect employment for local villagers in the area of Housekeeping & Horticulture.

Community Development

Renovation of personal facility & fencing at Panchayat office of Luvara Village, Gujarat.

Participation in Govt. Devp. Schemes (Kanya Kelvani, Beti Bachao) & Devp. Distt Civic Centre

Developing Infrastructure Facilities for disabled persons at RMP Todu Canal –

Kalamukhi Junction Rehabilitation Area in Puthuvypeen

Renovation of Building of UPES Government School, Puthuvypeen

Distributed uniforms, water bottles & note books to all the 112 students of UPES

Government School, Puthuvypeen

Conducted Eye Screening & Cataract Operation & Dental Camp for Puthuvypeen

& neigbouring villages

Sponsoring of local events like boat race, cultural and sports events in schools

CSRCSR -- THE JOURNEY HAS JUST BEGUN…THE JOURNEY HAS JUST BEGUN…TOWARDS AN INCLUSIVE SOCIETYTOWARDS AN INCLUSIVE SOCIETY -- KOCHIKOCHI

Sponsoring of local events like boat race, cultural and sports events in schools

Sponsor purchase of school bus for Kerala Blind School.

Thank YouThank You