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Q1 Results – OMV

OMV · May 9, 2012 · 23 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 – OMV – slide 1
    OMV Aktiengesellschaft Results Q1/12 David C. Davies, Deputy Chairman of the Executive Board and CFO Jaap Huijskes, Executive Board member responsible for E&P May 9, 2012 Move & More.
  2. Q1 Results – OMV – slide 2
    Q1/12 Highlights Clean CCS EBIT in EUR mn 1 Average oil price at USD 118.60/bbl, 12% above Q1/11 (USD 105.43/bbl) +9% 800 Production at 299 kboe/d, 732 2% down vs. Q1/11 Libya production at 25 kbbl/d 767 Gas discovery in Neptun…
  3. Q1 Results – OMV – slide 3
    Economic environment Oil price and EUR/USD Gas prices in EUR/MWh OMV indicator refining margin in USD/bbl 119 120 1.50 30 4.0 28 110 105 3.5 100 25 24 1.44 90 3.0 80 20 2.30 1.37 2.5 70 1.38 1.85 60 15 2.0 50 1.31 1.32 11…
  4. Q1 Results – OMV – slide 4
    Results in Q1/12 Clean CCS net income attributable in EUR mn 1 Q1/12 Q1/11 to stockholders in EUR mn 1 EBIT 912 813 12% Financial result (10) (108) (91)% Taxes (276) (227) 21% +37% 379 Effective tax rate 31% 32% (5)% Net income…
  5. Q1 Results – OMV – slide 5
    Cash flow Q1/12 in EUR mn 1 Q1/12 Q1/11 in EUR mn Net income 626 478 31% Depreciation and 301 473 365 30% amortisation (111) (513) Other (111) 129 n.m. 473 777 0 Sources of funds 989 972 2% 626 Change in net working 301 (80)…
  6. Q1 Results – OMV – slide 6
    CAPEX and EBITD Q1/12 in EUR mn 1,385 Petrom drilling and workovers Exploration (e.g. Neptun, Mala Omar) Power plants Brazi and Samsun Petrobrazi modernization 1,085 No acquisitions in Q1/12 353 212 112 52 215 83 6…
  7. Q1 Results – OMV – slide 7
    Special items Q1/12 in EUR mn in EUR mn 1 Q1/12 Q1/11 912 (1) 0 0 2 Clean CCS EBIT 800 732 CCS gains/(losses) 112 101 112 Clean EBIT 912 833 800 Personnel related costs (1) (2) Unscheduled depreciation 0 0 Asset disposals 0 2…
  8. Q1 Results – OMV – slide 8
    Exploration and Production Clean EBIT in EUR mn Q1/12 vs. Q4 /11 1 Q1/12 vs. Q1/11 1 (78) 69 (75) (73) 767 (68) 767 276 162 679 553 89 Q4/11 Realization Volume Exploration Other Q1/12 Q1/11 Realization Volume Exploration…
  9. Q1 Results – OMV – slide 9
    Exploration and Production Key Performance Indicators Hydrocarbon production (1,000 boe/d) Q1/12 vs. Q4/11 304 289 299 275 283 Production up by 3% Oil and 160 134 136 143 157 NGL Recovery of production in Libya Lower production in…
  10. Q1 Results – OMV – slide 10
    Exploration and Production Petrom group Hydrocarbon production (1,000 boe/d) Q1/12 vs. Q4/11 186 187 184 186 184 Clean EBIT up at EUR 391 mn Oil and 92 92 89 90 90 Lower Romanian production due NGL to severe weather conditions in…
  11. Q1 Results – OMV – slide 11
    Exploration activities Update Norway: Romania: Zidane-2 exploration well encountered Neptun deep block: Domino-1 deep offshore hydrocarbons in line with pre-drill exploration well discovered 1.5-3 Tcf technical prognosis resources,…
  12. Q1 Results – OMV – slide 12
    Project activities Update UK, West of Shetland (WoS): Romania: Schiehallion redevelopment: 5-year Totea deep development: Discovered in July, tied- rig commitment and major subsea in in October, first appraisal well expected to be…
  13. Q1 Results – OMV – slide 13
    Domino-1 potentially OMVs biggest gas discovery ever Domino-1 confirmed significant natural gas presence Domino1 well: Located in the block Neptun Deep, 170 km offshore Romanian Black Sea coast The evaluation of the well results and…
  14. Q1 Results – OMV – slide 14
    Libyan production recovering Key facts Force Majeure lifted for production and for exploration in the Murzuq Basin; Sirte Basin exploration licenses remain under Force Majeure Political situation still uncertain Sirte Basin As…
  15. Q1 Results – OMV – slide 15
    Kurdistan Region of Iraq Bina Bawi appraisal and extended well test facilities Bina Bawi-3: Procurement for extended well test facilities is ongoing Bina Bawi-4: Well engineering is progressing; well site prepared Bina Bawi-5…
  16. Q1 Results – OMV – slide 16
    Gas and Power Clean EBIT in EUR mn Q1/12 vs. Q1/11 1 (13) 99 32 0 73 6 Q1/11 Margin Volume Cost Other Q1/12 Higher gas sales margins in Petrom, partly offset by a lower margin level in EconGas Higher volumes driven by…
  17. Q1 Results – OMV – slide 17
    Gas and Power Key Performance Indicators Gas sales volumes in TWh Q1/12 vs. Q1/11 119 92 Gas sales volumes up by 60% 74 54 Trading accounted for approx. 50% 53 in Q1/12 Petrom sales volumes up by 5% Q1/11 Q2/11 Q3/11 Q4/11 Q1/12…
  18. Q1 Results – OMV – slide 18
    Refining and Marketing Clean CCS EBIT in EUR mn Q1/12 vs. Q1/11 1 15 (4) (30) (12) (30) Q1/11 Fuels Petrochemicals Marketing Q1/12 Fuels result was influenced by lower refining margins and lower domestic market price…
  19. Q1 Results – OMV – slide 19
    Refining and Marketing Key Performance Indicators Refining output in mn t Refining output and utilization 4.94 4.93 impacted by cold weather and 4.49 4.61 4.55 West lower marketing sales volumes East Marketing sales volumes down…
  20. Q1 Results – OMV – slide 20
    Strategy implementation update Production in core assets stabilized above 200 kboe/d Q1/11: 215 kboe/d Q1/12: 210 kboe/d Raise performance Progress on R&M divestments A short-term Sale of 45% Bayernoil stake and marketing assets…
  21. Q1 Results – OMV – slide 21
    Key financing indicators Gearing ratio in % 1 47 34 33 34 28 Key financial principles Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Payout ratio in % 1, 2 Long-term gearing ratio target of 30% 52 Maintain a strong investment grade rating 32…
  22. Q1 Results – OMV – slide 22
    Outlook 2012 Market environment Brent price expected to remain above USD 100/bbl Gas margin environment to remain challenging Refining and Marketing margins and volumes expected to remain under pressure Business outlook Net CAPEX…
  23. Q1 Results – OMV – slide 23
    24 OMV Group, Q1/12

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