OMV Q4 2014 Trading Statement and business update Gerhard Roiss, Chairman of the Executive Board and CEO January 29, 2015 OMV Aktiengesellschaft
Difficult Q4/2014 - outlook even tougher Oil price: After 4 years of relative stability, volatility is back with a vengeance Gas Weak, failed to recover this winter after record low in H1/14 price: Operating Upstream: Instability in…
We have taken a number of measures to target cash flow neutrality in the mid term (20-35)% Previous guidance 2014-16 3.9 2.5 - 3.0 Latest Unit capex reduction through CAPEX expectations optimization & renegotiation in EUR bn…
Speed of Upstream growth reduced to protect cash flow Strategic priorities remain but at a different pace kboe/d Self-funded growth in upstream 400 400 1 311 297 311 318 300 277 200 Downstream restructuring 100 and…
Stabilizing effect of OMV business integration 5.2 OMV indicator refining margin 1.2 USD/bbl 1 474 356 Ethylene/propylene net margin EUR/t 109 Average Brent price 77 USD/bbl Q4/13 Q4/14 Stabilizing factors: Strong…
OMV Q4 2014 Trading Statement and business update David C. Davies, Deputy Chairman of the Executive Board and CFO January 29, 2015 OMV Aktiengesellschaft
Special items recorded in Q4/14 Special items in Q4/14 in EUR mn Petrol Ofisi impairment triggered by regulated margin cap and overall higher risk assessment in Turkey 700 Provisions 100 Power plant Brazi impaired due to adverse…
Mid-term goal: free cash flow neutrality after dividends CAPEX reduced by EUR 0.9 - 1.4 bn p.a. Actions Strong focus on operating costs Leverage opportunities to reduce cost from suppliers Divestment options under review…
USD 50/bbl stress test: OMV can adjust More than 80% of current production EBIT positive at USD 50/bbl Substantially all of current production operating cash flow positive at USD 50/bbl Looking forward, substantially all of the…
Upstream business update Jaap Huijskes, Executive Board member responsible for Upstream OMV Aktiengesellschaft
Proven mid-term flexibility to support cash flow optimization Mid-term CAPEX down by EUR 0.7 - 1.1 bn p.a. Upstream CAPEX Project prioritization in EUR bn CAPEX re-phasing and/or reduction Previous guidance: EUR 3.1 bn 2015 E&A…
400 kboe/d still within reach, speed of delivery reduced Production profile in kboe/d Projects in execution will add 80 kboe/d 400 1 in the next few years 309 Ramp up will continue at slower pace: Reduced tail end production in…
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