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Q1 Results and EP Update – OMV

OMV · May 13, 2014 · 27 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q1 Results and EP Update – OMV – slide 1
    OMV results Q1/14 and E&P update May 13, 2014 OMV Aktiengesellschaft
  2. Q1 Results and EP Update – OMV – slide 2
    Results Q1/14 David C. Davies, Deputy Chairman of the Executive Board and CFO OMV Aktiengesellschaft
  3. Q1 Results and EP Update – OMV – slide 3
    Q1/14 Highlights Clean CCS EBIT in EUR mn Production at 311 kboe/d, increased by 3%; 849 E&P sales volumes increased by 10% Average Brent price down by 4% at USD 108/bbl; 668 EUR/USD at 1.37 vs. 1.32 in Q1/13 Higher depreciation,…
  4. Q1 Results and EP Update – OMV – slide 4
    Economic environment Oil price and EUR/USD Gas prices in EUR/MWh OMV indicator refining margin in USD/bbl 29 140 1.37 1.4 30 4.0 1.32 27 135 3.5 130 1.3 25 27 3.0 125 25 3.0 120 1.2 20 113 2.5 115 16 108 110 1.1 15 2.0 1.6 105 10…
  5. Q1 Results and EP Update – OMV – slide 5
    Results in Q1/14 Clean CCS net income attributable in EUR mn Q1/14 Q1/13 to stockholders in EUR mn 1 EBIT 675 1,259 (46)% Financial result (63) (56) 11% Profit from ordinary 613 1,203 (49)% activities 349 Taxes (175) (252) (31)%…
  6. Q1 Results and EP Update – OMV – slide 6
    Special items and CCS effect Q1/14 in EUR mn Q1/14 Q1/13 in EUR mn 668 675 Clean CCS EBIT 668 849 (19) (4) (1) 10 22 CCS gains/(losses) (19) (17) Clean EBIT 649 832 Personnel related costs (4) (2) Unscheduled depreciation (1) (21)…
  7. Q1 Results and EP Update – OMV – slide 7
    Cash flow Q1/14 in EUR mn Q1/14 Q1/13 in EUR mn Net income 438 951 (54)% 35 Depreciation and (108) 543 489 11% amortization Other 35 (415) n.m. 543 Sources of funds 1,015 1,024 (1)% Change in net working (108) 382 n.m. 438…
  8. Q1 Results and EP Update – OMV – slide 8
    CAPEX and EBITD Q1/14 in EUR mn Key investments in Q1/14 1,218 Petrom drilling, workovers and redevelopments Field developments in Norway (Gullfaks, Edvard Grieg, Aasta Hansteen and Gudrun) 748 Schiehallion redevelopment in UK…
  9. Q1 Results and EP Update – OMV – slide 9
    Exploration and Production Clean EBIT in EUR mn Q1/14 vs. Q4/13 Q1/14 vs. Q1/13 653 39 (111) (33) 603 (58) 107 603 2 (27) 145 236 257 (4) Q4/13 Realization Volume Exploration DD&A Other Q1/14 Q1/13 Realization Volume…
  10. Q1 Results and EP Update – OMV – slide 10
    Exploration and Production Key Performance Indicators Hydrocarbon production (in kboe/d) Q1/14 vs. Q4/13 302 297 311 275 277 Production increased by 12% 163 159 162 Full contribution from Gullfaks (Norway) 142 138 Higher…
  11. Q1 Results and EP Update – OMV – slide 11
    Exploration and Production Petrom group Hydrocarbon production (in kboe/d) Q1/14 vs. Q4/13 183 184 182 181 182 Clean EBIT at EUR 305 mn up by 7%, mainly 88 due to lower production costs and exploration 89 88 87 87 expenses…
  12. Q1 Results and EP Update – OMV – slide 12
    Gas and Power Clean EBIT in EUR mn Q1/14 vs. Q1/13 (48) 102 (9) (8) 1 36 Q1/13 Supply, Gas logistics Power Other Q1/14 marketing and trading Significantly lower gas margins mainly driven by reduced withdrawal from…
  13. Q1 Results and EP Update – OMV – slide 13
    Gas and Power Key Performance Indicators Gas sales and trading volumes in TWh Q1/14 vs. Q1/13 136 118 132 Gas sales volumes down by 20% mainly due to 85 86 a mild winter weak industry demand low power plant demand Q1/13 Q2/13…
  14. Q1 Results and EP Update – OMV – slide 14
    Refining and Marketing Clean CCS EBIT in EUR mn Q1/14 vs. Q1/13 (71) 111 9 1 49 Q1/13 Fuels Petrochemicals Marketing Q1/14 Considerably lower OMV indicator refining margin Higher propylene margins largely compensated…
  15. Q1 Results and EP Update – OMV – slide 15
    Refining and Marketing Key Performance Indicators Refining utilization rate in % Q1/14 vs. Q1/13 95 92 94 90 96 90 87 86 88 92 Overall refining utilization rate at 89%, up by 3% Marketing sales volumes increased slightly Q1/13…
  16. Q1 Results and EP Update – OMV – slide 16
    Key financial indicators Gearing ratio in % 30 29 15 15 12 Key financial principles Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Long-term gearing ratio target of 30% Payout ratio and DPS 1.20 1.25 Maintain a strong investment grade rating…
  17. Q1 Results and EP Update – OMV – slide 17
    Outlook 2014 Oil price above USD 100/bbl G&P markets remain highly challenging Refining margins remain under pressure Marketing volumes remain under pressure Production in the range of 310-330 kboe/d CAPEX EUR 3.9 bn (80%…
  18. Q1 Results and EP Update – OMV – slide 18
    Exploration and Production Update Jaap Huijskes, Executive Board member responsible for E&P Picture: Oeyvind Haugsdal - Statoil OMV Aktiengesellschaft
  19. Q1 Results and EP Update – OMV – slide 19
    E&P project update Exploration only Exploration and production Continuous strong project pipeline (1bn boe) Zidane Increased share in Cambo field and takeover Cambo Gudrun of operatorship Rosebank Edvard Grieg Gudrun production…
  20. Q1 Results and EP Update – OMV – slide 20
    More than 1 billion barrels on the way New ventures Exploration Appraisal Development Execution Middle East Black Sea Domino (Black Sea) FRDs (Romania) FRDs (Romania) Africa Norway FRDs (Austria, Romania) FRDs (Austria) FRDs…
  21. Q1 Results and EP Update – OMV – slide 21
    Major projects under development New ventures Exploration Appraisal Development Execution Production Peak Project Working Project Country Type 2P reserves Operated start production investments interest primary year mn boe kboe/d EUR…
  22. Q1 Results and EP Update – OMV – slide 22
    Gudrun Statoil (Operator, 51%), GdF Suez (25%), OMV (24%) Oil / condensate Production started in April 2014; Expected production after full ramp-up in 2014: 14 kboe/d Development of main field and of the Gudrun st satellite;…
  23. Q1 Results and EP Update – OMV – slide 23
    Major projects under appraisal New ventures Exploration Appraisal Development Execution Production Cumulative Working Project Country Type Operated start production interest primary year mn boe % FRD Romania Oil/Gas 2014-2017…
  24. Q1 Results and EP Update – OMV – slide 24
    Exploration update Exploration only Exploration and production Around the world High impact well Drilling: Byrkje Austria: Successful exploration well Hoeflein 5b and appraisal well Prottes Tief Sd 3b Hanssen (Wisting) appraisal…
  25. Q1 Results and EP Update – OMV – slide 25
    High impact wells 1 2014/15 Exploration only Spud Working Exploration and Production Well Country Basin/Block Type 2 Operated Atlantis date 3 interest Apollo High impact well NO Hanssen (Wisting) Affanga Deep GA Gabon offshore E…
  26. Q1 Results and EP Update – OMV – slide 26
    Our path to 400 kboe/d Production kboe/d 2010 318 2011 288 Impacted by 2012 303 political Production 2013 288 unrest 1 Project Country Type 2 FID start Norway FRDs Romania Oil/Gas 2013-2015 Tunisia FRDs Austria Oil/Gas…
  27. Q1 Results and EP Update – OMV – slide 27
    OMV Aktiengesellschaft

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