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REVIEW OF PETROLEUM AND LIQUID FUELS CHARTER 2 November 2000 – August 2010

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REVIEW OF PETROLEUM AND LIQUID FUELS CHARTER 2 November 2000 – August 2010. Agenda. Introductions Supportive Culture Ownership and Control Employment Equity Capacity Building Procurement Enterprise Development Socio-Economic Development (CSI) Conclusion. 1.

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Presentation Transcript
agenda
Agenda
  • Introductions
  • Supportive Culture
  • Ownership and Control
  • Employment Equity
  • Capacity Building
  • Procurement
  • Enterprise Development
  • Socio-Economic Development (CSI)
  • Conclusion

1

introductions
Introductions
  • Who is in attendance from BP?
  • Sipho Maseko Chief Executive – BP
  • Richard Fienberg Chief Financial Officer – BP
  • Vuyi Raseroka Human Resources Director – BP
  • Joe Mahlo Head of External Affairs and Communications – BP
  • Tshidi Madima Executive Director Investments - Mineworkers Investment Company
  • Sizwe Mncwango Managing Director - Masana Petroleum Corporation

2

we started our transformation journey by cultivating a supportive culture
We started our transformation journey by cultivating a Supportive Culture
  • Black people well represented on the board at 48.75%
  • Black executive directors amount to 20%
  • Black top management amounts to 50%
  • Board Transformation Committee

All statistics using the adjusted recognition for gender

3

bee partnership meets the intent and spirit of the charter
BEE partnership meets the intent and spirit of the Charter
  • How is MIC/WDB’s equity investment and joint venture in BPSA structured?
  • 25% voting rights in hands of black people
  • Oversight and challenge
  • Transformation committee
  • Exposure across the entire value chain
  • Sells BP and Castrol branded products
  • BPSA will not compete with Masana and remains an equity partner at all times
  • Masana majority BEE owned & operated
  • Regular cash flow with guaranteed minimum returns & upside linked to BPSA performance & MIC/WDB participation

BPSA (Pty) Ltd

BP

75%

MIC

17.5%

WDB

7.5%

Manufacturing (Refining),

Supply, Trading

Commercial &

Industrial

Retail

Lubes

50%

SAPREF &

Blendcor

Masana Petroleum Solutions

Masana

Mgt & Staff

20%

BP

45%

MIC

24.5%

WDB

10.5%

4

slide6
Employment Equity & Capacity Building

Africans in leadership positions increased from 23% to 51% and females from 8% to 18%

  • Most senior positions in BP South Africa

5

slide9
Procurement: our interventions are bearing fruit

Procurement from BEE compliant businesses increased by a compound 33%

Steps Taken In Support of BEE Procurement

Transformation Committee

set up headed by BEE

Partners – 2001

Supplier Diversity Manager

role created – 2001

BEE Procurement Policy

formulated – 2002

BEE Procurement targets set

for each area of business –

2003

Appointed Bogosi Consulting

to assist suppliers become

BEE compliant and to rate

them – 2005

BEE database shared with

SASDA

slide10
Enterprise Development:

Role of BP SA in sustainability of Masana

  • Funding structure of Masana – R265m
    • Shareholders loans – BP SA support at R37m; BEE partners at R30m
    • Raising of RMB loans plus guarantees of approximately R200m
  • Product Supply to Masana
    • BP SA supply product at a discount which is worth approximately R20m/annum
    • Credit terms of 30D from statement translate to working capital of up to ~R1bn
  • Logistics infrastructure and secondary transport
    • Storage and handling at cost to Masana; access to entire BP SA depot network
    • Secondary transport – BP fleet delivers to Masana customers nationally
    • All of Masana’s on-road transport customers have unlimited access to the BP SA retail network
  • Access to both Local and Global expertise
    • HSSE programmes; Technology (Fuels & Transaction); Strategic Co-operation
socio economic development
Socio- Economic Development
  • Over 1.5% net income spent on various community upliftment initiatives
  • Objective:
  • Monetary and non-monetary contributions with the specific objective of facilitating sustainable
  • access to the economy:
  • CSI Strategy
  • Main focus is education on the following themes:
    • Business leadership & technical development skills
      • e.g. Maths, Science & Technology Program in collaboration with Wits
    • HIV/AIDS prevention (e.g. Soul City)
    • Road Safety (e.g. Arrive Alive and High School Debating Competition)
    • Environment & Energy (Sea birds rehabilitation through SANCCOB)

10

in summary bp made significant progress but there remains more to do
In summary: BP made significant progress…but there remains more to do
  • The BP leadership owns the transformation agenda
  • The BP BEE partnership with MIC/WDB benefits a broad base of stakeholders
  • The racial profile of the employee population now better approximates the communities in which we operate
  • Our procurement interventions are yielding positive results
  • We have successful Enterprise Development initiatives
  • And we continue to invest in Socio-Economic development initiatives
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