Investor Presentation

May 2016
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 realized. 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.

2
Table of Contents

I. Introduction & Financials

II. Refining and Marketing
III. Petrochemicals
IV. Exploration and Production
V. Retail
VI. 4G Telecom – Jio

3
Introduction & Financials
India’s Most Profitable Company Today

 Most profitable company in India in FY16 - net income of $4.2bn for the year
 Revenue of $44.7bn, EBITDA of $7.9bn
 A market leader across energy value chain (E&P, R&M, Petchem) and in consumer businesses (Telecom and Retail)
Energy Value Chain Consumer-centric Businesses

Refining and Marketing Retail

13
 Largest, most complex single site refinery with  India’s largest retailer by revenues
1.24mmbpd capacity  Presence across 532 cities
 Consistently outperforming regional margins  12.8 MM sq.ft. space
 ~60% volumes placed in international markets  FY16 Number of stores: 3,245
Petrochemicals Reliance Jio
 Ranked Top 10 globally in key products
 Building a pan-India next generation digital
 2nd largest producer of polyester fibre/yarn
platform to provide high-speed broadband
globally
network, digital content, applications and
 FY16 Production: 24.7 MMT
services
Exploration and Production  Only player with access to pan-India sub 1 GHz
spectrum
 Significant expertise in deep-water operations  Interests in Digital and Mobile Content
 Substantial exposure in US Shale

 Vertical Integration through Refining & Petrochemicals  Digital Platform: An ecosystem central to everyday lives
 Leadership Across Businesses  Retail: Unparalleled choice, value and convenience
 Best-in-class Efficiency Driving High Margins

5
Robust And Consistent Financial Performance

Revenue (US$ Bn) (1) EBITDA (US$ Bn) (1) Net Profit (US$ Bn) (1) Adj. ROCE (%) (3)
17.0% 14.7% 17.6% 10.3% 7.0% 9.3%

4.2
44.7(2)
41.7 20.5 20.0
7.9

6.1 2.9

13.2

1.4
13.7
2.3

FY06 FY11 FY16 FY06 FY11 FY16 FY06 FY11 FY16 FY06 FY11 FY16

Source: Company information Margins

Note:
1. US$1 = INR 66.255
2. Gross turnover
3. Adj. for CWIP

6
Robust And Consistent Financial Performance

Debt / Equity Net Debt / EBITDA Select Rating Agency Commentary

0.74x
BBB+ (Stable outlook) by S&P –
“The stable outlook reflects our expectation that Reliance
1.8x Industries Ltd.'s (Reliance) leverage will peak in fiscal year
2016 and will materially improve over the subsequent two
0.55x years with debt to EBITDA close to 2x. It also reflects our
expectation that the company will continue to maintain its
operating performance and its competitive position will be
0.46x
supported by timely commissioning of large projects in oil and
1.2x gas and petrochemical business.”
1.0x
– S&P, July-2015

Baa2 (positive outlook) by Moody’s – (1 notch above India’s

sovereign rating)
“RIL is executing three major projects that will together
improve margins, increase capacity and lead to higher
earnings by fiscal 2018.
We expect the company to generate positive free cash flow in
fiscal 2018 and reduce net borrowings.”
FY06 FY11 FY16 FY06 FY11 FY16
Source: Company information
– Moody’s, January-2016

7
Investments in India to Provide Next Leg of Growth

Best Play on the India’s Demographic Story - Deploying $30 Bn+ in downstream projects and consumer-focused
businesses

 World-class project execution capabilities

 Leveraging integration benefits

 Investing through the business cycle

 Best-in-class technology selection

 Investments based on long-term view

 Unparalleled financial flexibility

Significant value creation through investments in scale, technology and people

Projects nearing completion - set to deliver substantial uplift in operating EBITDA

Note:
1. US$1 = INR 66.255

8
Investing in Attractive Opportunities

 1.5 MMTPA ROGC (with downstream PE, PP and MEG capacities)

 2.3 MMTPA PX capacity at Jamnagar

Volume Growth
 2.3 MMTPA PTA and 650 KTPA PET capacity at Dahej

 0.4 MMTPA PFY at Silvassa

 World’s largest Petcoke Gasification project at Jamnagar

Cost Advantage and  Gasification project to provide sustainable cost advantage
Feedstock Flexibility
 Ethane imports to provide feedstock flexibility and security

 Building a powerful ecosystem offering pan-India 4G services

New Growth Platforms  End-to-end data solutions on next gen all IP network

 India’s largest retailer with significant scale in a high-growth market

 Upside from potential foray into e-commerce

9
Refining & Marketing (R&M)
Refining & Marketing:
Focus on Increasing the Advantage

Delivering
Industry Best-in-Class Increasing the
Differentiated
highlights Portfolio Today Advantage
Performance
 Largest Single Site
Refinery with Robust
 Low Oil Prices Configuration  Petcoke
Support High Global  Ability to Run a Wide Gasification Project
Demand Basket of Crudes  Tangible Upside
 Initiatives for
 Strong Gasoline  Strategic Location & to Margins
Enhancing
Margins Advantaged Logistics Competitive
 Improving
 Low Natural Gas and  Among Lowest Cost Strength
Returns on
Energy Cost Producers Globally Capital
 Ramp-up of
 Strong Operational Domestic Retail
Performance Integration
 Flexible Product
Slate, Selling to
Highest Value
Markets
 Exposed to
Favourable Regional
Industry Dynamics

Refining & Exploration 11

Petrochemicals Retail Jio
Marketing & Production
RIL Owns the Largest Single Location Refinery in the
World

Top Quality Facilities Largest Refineries (kbpd)

Global Scale, Low cost, Modern Assets Company Location Size (kbpd)

RIL Jamnagar 1,240

12.7 Complexity Index
SK Energy Ulsan 1,120
Robust Configuration—Nelson Complexity Index of 12.7
PdVSA Paraguana 940

G5 Caltex Yeosu 730

69.6 MMT
S-Oil Onsan 669
Record crude processed in FY2016
ExxonMobil Singapore 605
100%+ Motiva Port Arthur 600
Ability to sustain high operating rates through the cycles
ExxonMobil Baytown 573

Saudi Aramco Yas Tanura 550

US$10.8/bbl
Marathon Garyvile 522
Highest GRM in the last 7 years - outperforming regional
benchmark margins ExxonMobil Baton Rouge 503

Source: Company information

Refining & Exploration 12

Petrochemicals Retail Jio
Marketing & Production
Ability to Process a Wide Basket of Crudes Aided by
Strategic Location
 Ability to process a wide basket of crudes
 Active assessment on an ongoing basis, to source the optimal crude basket to minimize cost
Ability to
 Crude slate processed in FY16 – one of the most challenging slates, processable by only a few refineries
Process a
in the world
Wide
Basket of  Flexibility further enhanced through ongoing low-cost production measures
Crudes  Processing of heavier basket (DTA Coker capacity stretch)
 Processing of higher contaminant content crudes (Tweak unit operating conditions)
 Improved logistics for handling high viscosity / high pour crudes
…With Captive Infrastructure & Advantaged
Strategically Located on the West Coast…
Logistics
 Captive world class port facilities
 Strong crude and product freight economics
 Port based, fully integrated manufacturing facility
 Dedicated deep-water port & storage
 Captive power plant
 Gas pipeline infrastructure
 Proximity to crude oil sources in the Middle East
 Logistics with high degree of automation
 Increased efficiency given significant volumes

Refining & Exploration 13

Petrochemicals Retail Jio
Marketing & Production
R&M : Robust Financial Performance Continues

 7 year high GRM of US$ Revenue (US$ Bn) (1) EBIT (US$ Bn) (1)
10.8/bbl and record crude
throughput of 69.6 MMT
lead to high growth in 61.3
3.0% 3.4% 3.3% 4.7% 10.0%

EBIT and improved

56.3
margins
51.3 CAGR: 24.4% 3.6
49.3
 FY16 average utilisation
of 112% achieved

 RIL’s GRM outperformed 35.5

2.4
Singapore complex
margins by US$ 3.3/bbl 1.9
2.0
due to strong light
1.5
distillate cracks, lower
energy costs and
advantageous crude
sourcing opportunities

 R&M revenue declined

due to sharp fall in crude FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16
oil prices
Source: Company information EBIT Margin
Note:
1. US$1 = INR 66.255

Refining & Exploration 14

Petrochemicals Retail Jio
Marketing & Production
Benchmark Singapore GRMs Improving and RIL
Continues to Outperform

RIL’s GRM Has Been $2.5-$3.0/bbl Higher vs. Singapore GRM

GRM ($/bbl)

10.8

9.2
8.4 8.6 8.6 +3.3
+1.4 8.1
+0.7
6.6 +2.3
+3.2 +2.2

+3.1
7.9 7.8 7.5
5.9 6.3
5.2
3.5

FY10 FY11 FY12 FY13 FY14 FY15 FY16

Singapore GRM Reliance GRM Delta of RIL vs Singapore GRM

 RIL has consistently outperformed the Singapore benchmark GRM

 Current projects underway to boost RIL’s GRM which will further increase premium to Singapore GRM

Source: Reuters, Company Information

Refining & Exploration 15

Petrochemicals Retail Jio
Marketing & Production
Encouraging Outlook for Global Oil Demand

Crude Oil Demand Growth (mmbpd) Incremental Oil Demand to Exceed Refinery Capacity¹
(mmbpd)
1.84
Year Ending March 1.6
1.4
1.2
0.65
1.0
0.8
1.19 1.19
0.6
0.25 0.23
0.32 0.4
0.90
0.2
0.05
0.33 0.0
0.32
2012 2013 2014 2015 2016E 2017E 2018E
0.35 0.63
0.08 Incremental refinery throughput Incremental net supply
0.30

0.35  China and India continue to drive demand growth

0.47
0.31 0.33  Growth in auto sector will continue to aid demand
0.15
growth, especially in China
2013 2014 2015 2016
 Structural shift towards gasoline over gasoil in all key
US China India Others
markets
 Global oil demand is likely to be revised upwards to  Other industries like heavy metals and mining will
1.4 mmbpd continue to drive gasoil demand
Source: IEA, PPAC, EIA, BP statistical review, Broker Research
1 Refinery throughput excludes condensate volumes, and incremental net supply is adjusted for mothballed capacities.

Refining & Exploration 16

Petrochemicals Retail Jio
Marketing & Production
Utilization Rate Expected to Continue to Increase

Global Demand – Supply and Utilization

100 84%  Growth in demand vs. capacity

additions is expected to keep
90 83%
refining margin healthy

— Scheduled refinery shut

80 82% downs and maintenance

Utilization rate %
— Moth-balling of refining
(mn b/d)

70 81% capacity

 Incremental demand over

60 80%
capacity addition is expected to
help maintain and improve
50 79% utilization rates

— The positive outlook includes

40 78% due consideration for splitter
FY09 FY10 FY11 FY12 FY13 FY14 FY15E FY16E FY17E FY18E
capacity
Global refining capacity Crude throughput Effective utilization rate (%, RHS)

Source: Broker research

Refining & Exploration 17

Petrochemicals Retail Jio
Marketing & Production
Sources of Value Creation

 Lower energy cost from gasification project

 Continued optimisation and optionality in crude procurement

 Placement in domestic market through retail network

 Emphasis on operational excellence

Creating value through the R&M cycle

Refining & Exploration 18

Petrochemicals Retail Jio
Marketing & Production
Petrochemicals
Petrochemicals: Sustainable Value Creation

Delivering
Industry Robust Asset Sustaining Superior
highlights Profile Value Creation Returns to
Stakeholders

 Underpenetrated  One of the Most  Refinery Offgas

Domestic Market and Integrated Cracker, a First-of-
Economic Growth To Petrochemicals its-kind Unique
Drive High Demand Producers Globally Project  Improving Margin
 Global Petrochemical  Leading Market Profile
 Expansion of
Demand Outlook Position Across
Downstream  Robust Returns
Remains Strong Product Categories
Capacity to Cater from New Capex
 Integrated  World Class to Growing Initiatives
Petrochemical Production Facilities Demand
Players Continue To
 Industry Leading
Remain Well Poised  Ethane Imports to
Operating Rates
To Reap Scale Deliver a Cost
Across Products
Benefits And Chain Advantage and
Economics  Favorable Industry feedstock security
Dynamics

Refining & Exploration 20

Petrochemicals Retail Jio
Marketing & Production
Robust Asset Profile with Efficient Operations

Global Scale and Size (1) Cost Effective Vertically Integrated Operations

Largest Among Top 10

Captive and cost
Petrochemical producer in India Petrochemical producers globally
Fully integrated effective
with 24.7 MMT of production post implementation of expansion
operations providing cost feedstock supplies –
projects
competitiveness provides feedstock
security
2nd Largest 5th Largest

Producer of polyester fibre/yarn Producer of PTA globally

globally
High domestic market Consistently higher
share across most operating rates – near
products leading to 100% utilization
5th Largest 7th Largest benefits of economies through the cycles
of scale
Producer of PP globally Producer of PX globally

Source: Company information

Note:
1. All figures/rankings as of FY16

Refining & Exploration 21

Petrochemicals Retail Jio
Marketing & Production
 Petrochemicals: Strong Financial Performance

Revenue (US$ Bn) (1) EBIT (US$ Bn) (1)

 New PET and PTA plants
commissioned at Dahej
10.5% 7.6% 8.1% 8.6% 12.4%
15.7
 Started India's largest SBR Plant 14.6
14.2
at Hazira with capacity of 150 13.0
1.5
12.4 1.4
KTPA and also expanded PBR 1.3 1.3
capacity
1.1

 Lower product prices resulting

from sharp decline in crude and
feedstock resulted in a decline in
Petchem revenue

 EBIT margins are improving due

to strong polymer deltas and
favorable naphtha cracking FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16

economics
EBIT Margin
Source: Company information
Note:
1. US$1 = INR 66.255

Refining & Exploration 22

Petrochemicals Retail Jio
Marketing & Production
India – Strong Domestic Demand Trajectory

RIL’s planned capacity expansions to capitalize on increasing demand and maintaining market leadership

Strong Fibre Demand Outlook (2013-2019E CAGR) Polymer Demand Driven by Under Penetration

5.2%
World India 4.8%
4.7% CAGR
4.1%
5.8%
3.5%
2.9%
2.6% 2.6% 3.7%
2.1% 3.0%
2.9%

0.5% 11.4%

All Fibres Cotton PFY PSF Others

 Polyester facility commissioned at Silvassa  Among the lowest per capita consumption
 India to witness higher all-fibre growth rate of 4.1% vis-  India’s polymer demand expected to grow at ~10% over
à-vis global average of 2.6% the next five years
 Polyester to account for 70% of the incremental fibre  Over 2000-2015, India has sustained CAGR of 9% in
demand globally Polymers and 7% in Polyester

Source: PCI, IHS

Refining & Exploration 23

Petrochemicals Retail Jio
Marketing & Production
Global Ethylene Cash Cost Curve

September 2013 December 2014 December 2015 March 2016

1600 Middle East Asian and European Small European
European Gas / Mixed Feed
and US Gas Naphtha Crackers and JKT
Crackers
1400

1200
Cash Cost ($/MT)

1000 September 2013: Crude ~$108/bbl

800 December 2014: Crude$60/bbl

December 2015: Crude $35/bbl
600

400
March 2016: Crude $35/bbl
200

0
2 15 29 41 50 58 66 77 88 97 106 114 119 126 134 142 148 153
Cumulative Global Ethylene Capacity (MMT)

Significant flattening of the Ethylene cash cost curve has benefitted the Asian naphtha crackers
ROGC to be in Top quartile - competitive vis-à-vis US ethane crackers
Source: RIL estimates, IHS

Refining & Exploration 24

Petrochemicals Retail Jio
Marketing & Production
Projects – Petcoke Gasification & Petrochemicals Expansion
ROGC and Petcoke Gasification:
A World Class Initiative to Further Operational Excellence

RIL one of the few players globally with ability to undertake a ROGC / petcoke gasification project
 End-to-end integration between refining and petrochemicals
 Sufficient scale / volumes to justify cost savings vis-à-vis investments

Capacity expansion
of profitable EBITDA and Margin
Cost saving
petrochemical expansion
production

Refining & Exploration 26

Petrochemicals Retail Jio
Marketing & Production
 An Integrated View of the Project

PE: Petrochemical expansion ROGC

$900–
1,100 / MT  Satisfies feedstock needs for capacity expansion

Need for more feedstock

 Significantly cheaper than Naptha based crackers
Moving Up the Value Chain

 Tangible volume increase and cost saving

Utilize refinery off-gases

Petcoke Gasification
Deficit fuel / energy for refinery
 Replace expensive LNG with syngas from petcoke
gasifier
Utilize syngas produced by
petcoke  Sustainable long-term advantage – perpetual source
gasifier
of energy
Petcoke:
$40–50 / MT
Utilize petcoke  A step change in energy cost

Refining & Exploration 27

Petrochemicals Retail Jio
Marketing & Production
Project Progress and Site Pictures

Gasification Skyline Gasification Dome – Inside View

 Construction work continues on round-

the-clock basis with peak level
deployment of work force
 Many supporting systems are ready and
pre-commissioning/commissioning
activities are being taken up:
 Main receiving station for power
 Power generation equipment
ROGC Furnace  Material handling system Paraxylene Heaters
 Utilities such as cooling tower
 ETP (Tertiary Treatment) etc.
 Focus on expeditious completion of
construction work and commissioning of
completed systems

Refining & Exploration 28

Petrochemicals Retail Jio
Marketing & Production
Exploration & Production
High Quality Portfolio: Strong Base for Future Growth
Advantageous Offshore Capabilities + Operations in
Significant India Oil and Gas Position
US Shale

 Balanced portfolio with growth potential

 Upstream portfolio in India includes operations in
conventional onland, shallow water and deepwater
acreages, as well as unconventional Coal Bed
CBM Methane
 Shale Gas acreages in US with Chevron, Pioneer
and Carrizo
CB10
 Strong offshore capabilities in India
Tapti  Strategic partnership with BP in the domestic upstream
Panna business
Mukta NEC25
 Leveraging existing infrastructure, knowledge and
KG-D6
GS01 experience
 Achieved materiality in the unconventional shale gas
CY-D5
business
124 BCFe 205 BCFe 17 MM acres
Share of production Share of production Total JV acreage
in India in US Shale
CBM block
Development activities
in advanced stage
Refining & Exploration 30
Petrochemicals Retail Jio
Marketing & Production
 Shale Gas : Sustained Volumes & Lower Prices

 In FY16, 129 wells were drilled and 190 wells were put on Average Realization and Volumes

production increasing total producing well count to 1,055 8.00

7.01
6.69 6.58
6.19
6.03
 Volume growth offset by weak realization due to drop in 6.00 5.69
4.60
commodity prices 4.00 3.43 3.51
2.81

$/Mcfe
2.42
1.97
 Short term earnings stress driven by pricing environment 2.00

0.00
 Business responding with “preservation of cash” while
“maintaining growth and optionality”

Net Sales Volumes (Reliance Share)

 Improvement in costs and efficiencies, across JVs 50.0 45.8
45.3 42.9 42.9

RIL Share of Volumes (Bcfe)

41.4 42.9 41.0 41.7
supported by improved efficiencies and renegotiated 40.0 36.7 38.0 7.6 7.9
6.0 6.2
6.4
5.9
32.3 7.2 6.3
31.4 6.1 6.4 8.7 8.2
service costs 30.0 9.4 10.3 9.7 9.3
5.5 5.3 9.3 10.1
8.3 8.7
7.4 6.7
20.0
30.7 28.8
 Opex trends remained encouraging and thrust on further 10.0 19.4 19.4 22.3 22.9 25.0 25.9 27.1 24.6 26.1 27.4

lowering of costs continues across JVs 0.0

Source: Company information

Gas Condensate NGLs

Refining & Exploration 31

Petrochemicals Retail Jio
Marketing & Production
 CBM: Field and Pipeline Development

 Start-up plan

 Commencement of Test Production from GGS 11 and

associated wells is expected by Q1 FY17

 Infrastructure Roll Out

 Gas Gathering Station (GGS-11) along with all

associated wells & facilities has been completed

 GGS12 is expected to be ready for start-up by Q1 FY17 Installation of GGS-11 completed

 More than 90% of production holes are drilled in GGS 12

 Work in progress for four WGSs in GGS 12

 GGS 12 pipeline laying is under progress

 Shahdol-Phulpur Pipeline

 Completed and ready for gas-in and testing

Source: Company information Shahdol-Phulpur Pipeline

Refining & Exploration 32

Petrochemicals Retail Jio
Marketing & Production
Retail
Country-Wide Retail Chain of Unparalleled Scale and
Growth Prospects

Pan – India Coverage With Unparalleled Scale and Growth Proven Ability to Execute
Store Additions per Year 930

624
Opened 12 stores a week in FY16

184 225
142

661
FY12 FY13 FY14 FY15 FY16

No. of Cities 532

1,012
404
200
129 146
86

FY12 FY13 FY14 FY15 FY16

1,168 Area (million sq. ft) 11.5

12.5 12.8

9.0
6.5

FY12 FY13 FY14 FY15 FY16

Refining & Exploration 34

Petrochemicals Retail Jio
Marketing & Production
Diversified Offering Targeting a Wide Audience

Value Formats Digital

 Largest Cash and Carry Chain with  Largest Mobile Phone Retail
Chain of India
2 mm registered Kirana Partners
 Own Label “ReConnect”
 Own Label Products
 1,500+ stores
 E-commerce Channel
 Driven by Express Solutions and
“Reliancefreshdirect” Differentiated Selling
 Employing data analytics to drive  Strong Customer connect; 3.8+
Private Label product developments MM Facebook Fans

Fashion and Lifestyle Brands and Jewellery

 Largest Apparel Retailer of India Brands

with sales  Over 40 brands in portfolio and
of over 150,000 garments per day operates over 100 stores for
International clients
 Presence in over 200 cities
Jewellery
 20+ Private Label Brands  In-house Designing Capability,
 Leveraging International Sourcing Relaxation of Gold imports
Capabilities aiding the business, operates
close to 50 stores all over India

Refining & Exploration 35

Petrochemicals Retail Jio
Marketing & Production
 Focusing on Profitable Growth

Revenue ($BN) EBITDA ($MM)

CAGR: 29% $134

3.3

$118
2.7

2.2

1.6
$55 4.3 % 4.1 %
1.1
0.9
2.4 %
$12

0.7 %
FY11 FY12 FY13 FY14 FY15 FY16 FY13 FY14 FY15 FY16
EBITDA EBITDA Margin

Source: Company Information

Note:
1. US$1 = INR 66.255

Refining & Exploration 36

Petrochemicals Retail Jio
Marketing & Production
Reliance Retail 2.0: The Way Forward

 Augmenting reach to customers through the omni-commerce model and integrating product
assortment across trade channels:

 Online-Offline Integration

 Integrating own products and other merchants stores

 Integration of advanced infrastructure built by Jio and physical retail business to create a
differentiated ecommerce model

 The combined physical and ecommerce business is poised for stupendous growth – which would
help sustain Reliance’s leadership in Retail

Refining & Exploration 37

Petrochemicals Retail Jio
Marketing & Production
 Why Jio?
Significant Untapped Upside in Indian Telecom
 > 1 billion wireless subscriptions
Smartphone Penetration

 320 million subscribers accessing internet (doubled in last two years) 75% 75% 75%

50%
 200 million WhatsApp and 125 million FB users 31% 35%
40%

16%
7%11%
 Average data usage – 110 MB per subscriber/month
‘13‘14 ‘15

Malaysia
Indonesia

USA
Thailand

UK
China
Philippines
 Data usage and voice quality constrained by poor infrastructure
India

 120 million 3G subscribers; average data usage is already at 900 MB, indicating
propensity to consume with better connectivity Data ARPU ($ per month)

23.1
 Favourable demographics for higher data consumption 14.0
5.7
4.2
 47% of India’s population is below 24 years 2.7
1.6 1.8
0.3 0.5 0.7
 Broadband connections (Wireline) at only 27 million - significant opportunity for
‘13‘14 ‘15

Philippines

Indonesia

USA

UK
Thailand

China

Malaysia
FTTH services
India

 Source: Broker research, Company filings, TRAI

 Note: Smartphone Penetration and Data Prices for Other countries based on 2015

Refining & Exploration 39

Petrochemicals Retail Jio
Marketing & Production
Jio - Unparalleled Infrastructure In-Place
Largest Holder of Liberalized Spectrum

Sub-GHz
S No Circle 1800 MHz 2300 MHz
 Jio has the highest amount of liberalized (800 MHz)
1 Andhra Pradesh   
spectrum deployed for LTE 2 Assam   
3 Bihar  
4 Delhi   
 Entire spectrum being used for LTE 5 Gujarat   
deployment – no legacy networks 6 Haryana   
7 Himachal Pradesh   
8 Jammu & Kashmir  
 LTE device availability expanding rapidly in 9 Karnataka   
10 Kerala   
India
11 Kolkata   
12 Madhya Pradesh   
13 Maharashtra   
 Final approvals anticipated for completion of 14 Mumbai   
trading and sharing arrangements with RCOM 15 North East   
16 Odisha   
for spectrum in 800MHz band
17 Punjab  
18 Rajasthan   
19 Tamil Nadu   
 No other operator has deployed LTE in sub-
20 Uttar Pradesh (East)   
GHz band in the industry 21 Uttar Pradesh (West)  
22 West Bengal   
Number of Circles 22 18 22
 Post completion of RCOM transaction
20MHz contiguous spectrum in 800MHz band spectrum across all 1800 MHz band spectrum across 18
2300MHz band circles of the 22 circles

Refining & Exploration 40

Petrochemicals Retail Jio
Marketing & Production
Jio’s Value Proposition
New Age India’s Operator of Choice
Seamless In-building
coverage
Superior indoor coverage
using Macro and Small cells

Ubiquitous Coverage footprint

All-IP Network
India’s largest LTE network deployment
Instant call connectivity, minimal with FDD and TDD spectrum
call drops, unmatched HD quality (850/1800/2300 Bands) with fibre backhaul

Rich Capacity
Superior Data experience
Sufficient capacity for every user
on the network, at all times Sufficient throughput for the
highest end applications
(combination of fibre and spectrum)

Seamless Service experience

Seamless Voice, Video &
Messaging experience

Network differentiators, with best-in-class customer service, will transform the customer experience

Refining & Exploration 41

Petrochemicals Retail Jio
Marketing & Production
 Jio to Provide Superior Offering

#4 Changing How Consumers Consume #5

Content Supported by an Apps Ecosystem for Consumer Utilities

Jio is preparing a unique on-demand library

for video content: JIO CHAT JIO MONEY
 Jio internet is fast, reliable and ubiquitous  Powerful communication application  Brings better transparency, improves
that integrates chat, voice, video financial inclusion, facilitates
 Smart TV sales are increasing and calling, conferencing, file sharing, merchant business and drives growth
eventually every TV will have Wi-Fi and apps photo sharing and much more in a of trade & commerce
single application
 Tablet and Smartphone viewing is increasing
 Internet TV apps will get frequent JIO DRIVE JIO PLAY
improvement updates  Brings powerful cloud capabilities to  Users can watch HDTV anytime,
every smartphone anywhere on any device
 Using Jio Drive, anyone can store,  Has hundreds of channels, across
sync and share any content categories and languages
between their own and 3rd party
Traditional devices
TV

& its JIO MAGS JIO NEWS JIO BEATS

Equivalents
 Provides the most  Delivers a one-stop  Premier digital
popular collection shop for all news from music streaming
of magazines, in leading news service that gives
YouTube and full color, with a publishing houses you instant access
Other Video slew of innovative across multiple to millions of songs
Streaming features languages and and curated
Jio on categories
Networks playlists
Demand
 Offers instant live  Users can also
updates with zero download music
loading time and offline and listen to it
reading capability offline

Refining & Exploration 42

Petrochemicals Retail Jio
Marketing & Production
Status Update

 Network rollout substantially completed

 In the process of receiving 800MHz spectrum in more circles – to be integrated shortly thereafter

 Successfully launched full scale service offerings for RIL group employees, partners, vendors and associates on
28th December 2015

 Over half a million users onboarded on trial basis

 Initial feedback very encouraging; established smooth operations of all aspects of network and business

 All digital applications also being tested extensively

 Average monthly consumption per user in excess of 18GB within first month of service and increasing rapidly

 Average voice usage is over 250 minutes within first month

 Launch now being expanded to others in eco-system

 Test program to be progressively upgraded into commercial operations in coming months

Refining & Exploration 43

Petrochemicals Retail Jio
Marketing & Production
Thank you

44