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This material contains forward-looking statementsregardingCairn India and itsaffiliates, itscorporate plans, future
financial condition, future results of operations, future business plans and strategies. All such forward- looking
statementsarebasedonthemanagement'sassumptionsandbeliefsinthelightofinformationavailabletothematthis
time. These forward-looking statementsareby their naturesubject tosignificant risks anduncertainties; and actual
results,performanceandachievementsmaybemateriallydifferentfromthoseexpressedinsuchstatements.Factors
thatmaycauseactualresults,performanceorachievementstodifferfromexpectationsinclude,butarenotlimitedto,
regulatorychanges,futurelevelsofindustryproductsupply,demandandpricing,weatherandweatherrelatedimpacts,
wars and actsofterrorism,developmentand use oftechnology,actsofcompetitorsand otherchanges tobusiness
conditions.CairnIndiaundertakesnoobligationtoreviseanysuchforward-lookingstatementstoreflectanychangesin
CairnIndia'sexpectationswithregardtheretooranychangeincircumstancesoreventsafterthedatehereof.Unless
otherwisestatedthereservesandresourcenumberswithinthisdocumentrepresenttheviewsofCairnIndiaanddonotrepresenttheviewsofanyotherparty,includingtheGovernmentofIndia,theDirectorateGeneralofHydrocarbonsor
anyofCairnIndiasjointventurepartner.
Alldatapointsinthepresentationrefertostatusason30September,2013,unlessotherwisespecified.
Disclaimer
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airns Strategic Pillars WorldClassResourceBase
OperationalExcellence
RobustFinancialPerformance
ActiveExplorationledGrowthStrategy A Top 20 GlobalIndependent E&PcompanyMarket Cap - ~US 10bn
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Asset Locations & Share of Production
Balancedportfolio,9blockswithnetacreageinexcessof42,000sq.kms SuccessfultrackrecordacrossExploration,DevelopmentandProductioncycle
Asset Basin Exploration Development/Production Gross 2PHIIP1Gross 2PReserves andResources2
Domestic AssetsRJ-ON-90/1 Barmer 4,198 1,0853
CB/OS-2 Cambay 209 20
Ravva KGOffshore 681 50
KG-ONN-2003/1 KGOnshore 480 74
KG-OSN-2009/3 KGOffshore
MB-DWN-2009/1MumbaiOffshore
PR-OSN-2004/1Palar
Pennar
International AssetsSL-2007-01-001 Mannar 73 56
Block1 Orange
Total 5,641 1,287
Assets Across the Life-Cycle of a Field (mmboe)Asat31stMarch,2013
World Class Resource Base
PR-OSN-2004/135%
Producingassets
KG-ONN-2003/149%
KG-OSN-2009/3100%
CB/OS-240%
RJ-ON-90/170%
RAVVA22.5%
SL-2007-01-001100%
MB-DWN-2009/1100%
Name of AssetParticipating Interest (%)
INDIA
SOUTHAFRICABLOCK160%
1HIIP: Hydrocarbons Initially in Place; 2 ReserveandResourceestimatesbasedontheSPE(SocietyofPetroleumEngineers)guidelines3IncludesRajasthanMBAEORpotentialandexcludestheproductiontilldate
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VolumeGrowth
Richresourcebasewithhigherliquidinproductmix Cumulativeproductionof~540mmboetill30thSeptember2013 Currentlyaccountsfor>25%ofIndiasoilproduction* Strongpartnershipswithstateandprivatecompanies
*Source:MinistryofPetroleumandNaturalGas
Sustained Year-on-Year Growth
95%
5%
Oil Gas
ProductMixbyVolume
17% CAGR
1HFY14
213
FY13
205
FY12
173
FY11
149
CairnIndiasAverageProduction(kboepd)
OntrackforFY14exitproductionof>225kboepd
2yearCAGR
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Operational Excellence Across the Value Chain SafetyfirstTopquartileHSEperformance
Opened4frontierbasinswith>40discoveries
Excellenceinexecution-discoverytoproduction
Onshoreoilproduction-In4yearsinRajasthan
Offshorenaturalgasproduction-In28monthsinCambay
Leveragingtechnologytoreducetotalcostof
ownership
Skineffectheatingsystemworldslongest
continuouslyheatedpipeline
Modularwellpadconceptrapidmovingrigs
Uptime>98%withalowfielddirectopex
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Efficient Project Management - Onshore and Offshore
Cambay: Gas Producing to Oil Producing
010203040
506070
Ravva: Sustaining mature asset
Rajasthan: World class asset with strong growth
0
5
10
15
20
25
OilProduction(kbopd) GasBOE(kboepd)
15
101128
169
0
50
100
150
200
Rajasthan Block
9
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~20%
~15%~25%
~40%
RJ
AdditionalProduction(BH+Satellitefields)
RJExploration
RJProductionSustenance(MBA+EOR+Infilldrilling)
OtherAssets
Exploration(45%)
Development(55%)
Note:CapexexcludesspendonnewexplorationdiscoveriesandIn-organicopportunities
Significant Potential in Rajasthan (RJ) Block : ~80% of the Planned Capex(Mmboe)
Active Capex Program for Growth - 3 billion net over 3 years
GrossEUR
1,7641,069
165530
GrossinPlace
7,2972,272 1,925 3,100
CurrentlyUnderDevelopment/Production
RJExplorationBH+19discMBARS
FutureDevelopment&ProspectiveResources
Aggressive Exploration & Appraisal program underway to prove up reserves RJ:Todrillouthalfof530mmboeprospectiveresourcesbyFY14 KG-ONN:Seekingtocommercializeonshorediscovery Ravva:Pursuinghighriskhighreturnexplorationwell SriLanka:6monthextensionforcurrentexplorationphasereceived SouthAfrica:3DSeismicinterpretationon-going;3,000lkm2Dseismic
planned
Focus to increase production primarily in Rajasthan Block IncreasingultimateoilrecoveryandsustainingproductionthroughEOR*
projectandin-fillwells DevelopmentfocusonlowpermeabilityreservoirswithinBarmerHill
*Subject to approvals
10C P i
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PolymerFlood-ImprovedSweepEfficiency
AlkalineSurfactantPolymerFlood-ImprovedDisplacementEfficiency
ArealSweepimprovement VerticalSweepimprovement
OriginalOil
Initial AfterWaterflood AfterASPflood
SandGrain
Remainingoil Water
Sustaining production by Improving Ultimate Recovery:~ 1,200Mn TosustaintheMBAplateauviaEORtechnologyandInfilldrilling
OilSaturationDisplayatPoreLevel-ReductioninTrappedOil
EnhancedOilRecoveryPilotPerformance
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Additional Producing Fields (BH + Satellite): ~ 450Mn Monetizing2bnboecontingentresourcebase
Barmer Hill formation spread over a large area in the basin OilandgasfoundinmajorityofthewellspenetratingBHformation
Lowpermeabilitytightreservoirs
Infrastructureisalreadyinplaceforquickmonetization
Useofstate-of-the-arttechnologieslikefracturestimulation,
horizontalwellcompletionforfieldmonetization
Data analogs indicate recovery factors in BH of 7 to 20%Development plan for BH, NI & NE submitted Technicalalignmentinplacewithpartner
ProductionexpectedinFY14,subjecttoapprovals
Fast track preparation for Development plans of other discoveries
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Exploration in Rajasthan: ~ 750Mn Topursuehigh-valueexplorationopportunities
A target-rich environment ~100Prospects;20PlayTypes,3.1bnboeinplace ProspectiveResources:530mmboeGrossRiskedRecoverableTwo-pronged strategy Provenplayextensions
Drillprospectswithlargestriskedvolumesfirst Revise/re-prioritiseremainingprospectsbasedonresults
Unprovenplays De-risktheplaydrillthelowestriskprospectfirst Revise/re-prioritizetestedplaybasedonresults
Exploration program Plantodrill~100E&AwellstillFY16;increaserigcountto5byendFY14
4ofthe6wellsdrilledfoundhydrocarbons
26thDiscovery,RaagS-1,testedatflowrateof450bbls/day;DeclarationofPotentialCommercialityfiled
Drillouthalfof530mmboeprospectiveresourcesinFY14
Acquire~1,900sqkmofadditional3Dseismicdatatoassistinextendingprovenplays&de-riskingprospects
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Major Undrilled Play Types in Rajasthan
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Ensuring Growth in Other Assets: ~ 600MnPortfolio diversity across India
Raava:HighValueHighRiskprospecttobedrilledinH2FY13-
14
KG-ONN-2003/1:3xincreaseintheproductivityoffirstappraisalwell;DoCtobesubmittedinthisFY
KG-OSN-2009/3:ApprovalssecuredforreductioninMinimumWorkProgram;planningandtenderingfor3Dseismicdataacquisitionunderway
MB-DWN-2009/1:Conditionalapprovaltocarryoutexploration
activityreceived PR-OSN-2004/1:Significantprogresstowardsresumptionof
explorationactivity
Growing international exposure SuccessfulexplorationinSriLankatwogasdiscoveries;
commercialoptionsunderreview;6monthextensionsecuredforcurrentexplorationphaseuptoApr14
3DseismicgatheredinS.AfricaBlock1;interpretationunderway;acquisitionof2Dseismicplannedin2014
Agrowth-focusednewventuresstrategyaimedatcapturingbest-fitinternationalopportunities
SOUTHAFRICA
ORANGE
INDIARAJASTHAN
MUMBAIRAAVAKG ON/OFFSHORE
PALAR/PENNAR
MANNAR
BASINS(Established & Emerging)
KG:KrishnaGodavariMB:MumbaiBasinPR:PalarBasin
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Outlook
*Subject to approvals
Aggressive Exploration & Appraisal program underway
Todrillouthalfof530mmboeprospectiveresourcesinRajasthan
Pursuing high risk high return exploration well in Ravva
SeekingtocommercialiseKG-ONNOnshorediscovery
On track for FY14 exit production target of over 225 kboepd IncreasingultimateoilrecoveryandsustainingproductionthroughEOR*projectandin-fillwells
DevelopmentfocusonlowpermeabilityreservoirswithinBarmerHill
Robust financials to fund Ongoing3year$3bnnetcapexprogram
Developmentcostsbasedonexplorationsuccess
Inorganicgrowthinitiatives
Ramping up the Rig count to 13, by the end of FY14 for exploration and development activity
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p
Appendix
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ValueProposition
As Indias largest private sector E&P companyaccounting for 25% of the countrys energyproduction, Cairn India is well positioned to growrevenuesandprofits.Itsstrongtrackrecord,lowcost
of operations,high cashflow generation,combinedwiththeworld'sgrowingdemandforenergy,providesconfidence for future growth in reserves andproductionwhilemeetingitsreturnoncapitaltargets.
TopManagement
Chairman: NavinAgarwal CEO: P.Elango CFO: SudhirMathur
FY13Production Gross Production: 205,323bopd Oil: 195,780bopd Gas: 57mmscfd
Countriespresent India SriLanka SouthAfrica
Reserve Base Gross2PHydrocarbonsInitiallyinPlace(mmboe):5,641 Gross2PReserves&Resources(mmboe):1,287 NetWorkingInterest2PReserves&Resources(mmboe):871
ProducingAssets -CumulativeProduction (tillFY13)
Rajasthan(RJ-ON-90/1)-~149mmboe AndhraPradesh-Ravva(PKGM-1)-~300mmboe Gujarat-Cambay(CB/OS-2)-~50mmboe
Capital Budget $3billionoverthreeyears(FY2014,2015,2016) 55%forProduction;45%inExploration
CumulativeCapex (tillFY13) GrossDevelopment-~US$4.8bn GrossExploration-~US$1bn
Achievements TogetherwithitsJVpartnersaccountsfor~25percentofIndiascrudeoil
production Amongthetop20globalindependentE&Pcompanies Builtworldslongest(~600kms)continuouslyheatedandinsulatedpipeline
Awards FastestgrowingenergycompanyintheworldatPlattsTop250EnergyCompany
Awards2013 GoldenPeacockAwardforExcellenceinCorporateGovernance,2012
FinancialStrength
FY 2013P&L Revenues:US$3.2billion
PAT:US$2.1billion
CashFlowfromOperations:US$2billionBalance Sheet Cash:US$3.1billion
Assets:US$9.9billion
ZeroDebtCompanyOther Ratios EPS:INR63.2
DividendYield:4%
DPS:INR11.5
BVPS:INR250
Stock Market
Market Cap: ~$10billion Listed on:NSE,BSE Index Representation -Nifty50andMSCI Symbols: CAIRN(NSE);532792(BSE);INE910H01017(ISIN);CAIR(Bloomberg)
Shares outstanding: 1910million Shareholding Pattern:
VedantaGroup:59%
CairnPLC:10%
InstitutionalHolding:28%
Retail:3%
Contact InformationNidhiAggarwalM:[email protected]@cairnindia.com
CairnIndiaLtd.
4thFloor,VipulPlaza,SunCity,Sector-54,Gurgaon122002
India
Fact Sheet
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Asset US bn Liability US bnCurrent Assets Current LiabilitiesCashandInvestments 2.9 CurrentLiabilities 0.6
OtherCurrentAsset 0.7 Non Current LiabilitiesNon Current Assets NonCurrentLiabilities 0.5FixedAsset 2.5 Shareholders FundsGoodwill 2.8 NetWorth 8.8
MATCredit 0.9OtherLTasset 0.1
Total 9.9 Total 9.9
Strong Stable Balance Sheet FY 13
2.5 3.1 1.4
16.4
25.3
FY09 FY10 FY11 FY12 FY13
ROE(%)
1.3 1.7
16.715.3
22.1
FY09 FY10 FY11 FY12 FY13
ROCE(%)
USD/INR54.39
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Financial Summary H1 FY14
Profitpetroleumpay-outtothegovernmentrosefrom20%to30%intheDevelopmentArea1inRJblockinFY14
Unit H1 FY14 H1 FY13 y-o-y%Revenue (Net) INR bn 87.1 88.8 (2%)EBITDA INRbn 66.7 68.6 (3%)
EBITDAMargin % 76.5% 77.2%
DD&A INRbn (10.7) (8.9)
NetOtherIncome INRbn 10.6 3.8
Tax INRbn (1.4) (2.0)
PAT INR bn 65.1 61.5 6%EPS INR/sh 34.1 32.2 6%
CashEPS INR/sh 29.5 30.6 (4%)
CFFO INR bn 53.1 56.3 (6%) StronggrowthinRevenueandProfits,generatehighCFFO
NetCashinhandUS$3.2billion
H1FY14grosscapexUS$285Mn
InterimdividendofINR6perEquityshare
Growthdrivenbyincreaseinvolumes,realizations¤cy
Price Realization AverageOilPriceRealization:US$95.7/bbl
AverageRJOilPriceRealization:US$95.1/bbl
RJOilPriceDiscounttoBrent:10.5%
TotalForexgain-US$188million
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