Skip to main content Q1 Results – OMV Investor Presentation | Shale Experts
Loading...
Pm

Q1 Results – OMV

OMV · May 14, 2013 · 22 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
    Results Q1/13 David C. Davies, Deputy Chairman of the Executive Board and CFO Jaap Huijskes, Executive Board member responsible for E&P May 14, 2013 OMV Aktiengesellschaft 1 OMV Group, Results Q1/13
  2. Q1 Results – OMV – slide 2
    Q1/13 Highlights Clean CCS EBIT in EUR mn +6% Production at 302 kboe/d, 3 kboe/d up vs. 800 851 Q1/12 although lower E&P sales Average Brent oil price at USD 113/bbl G&P benefited from new transportation 653 capacities and Brazi…
  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 119 120 113 1.50 35 5.5 110 30 29 5.0 100 30 1.44 4.5 90 25 4.0 80 26 27 3.5 3.01 70 1.38 20 3.0 60 1.32 2.5 50 1.31 15…
  4. Q1 Results – OMV – slide 4
    Results in Q1/13 Clean CCS net income attributable in EUR mn Q1/13 Q1/12 to stockholders in EUR mn 1 EBIT 1,261 912 38% Financial result (58) (10) n.m. Taxes (252) (276) (9)% (8)% 379 Effective tax rate 21% 31% (31)% 349 Net income…
  5. Q1 Results – OMV – slide 5
    Cash flow Q1/13 in EUR mn Q1/13 Q1/12 in EUR mn Net income 951 626 52% 0 1,414 Depreciation and 478 473 1% 478 amortization (414) 391 951 (650) 659 Other (414) (111) 275% Sources of funds 1,015 989 3% Change in net working 391…
  6. Q1 Results – OMV – slide 6
    CAPEX and EBITD 2013 Key investments in Q1/13 in EUR mn 1,737 Petrom drilling, workovers and redevelopments Field developments in Norway (Aasta Hansteen and Edvard Grieg) 946 132 568 EBITD contains EUR 440 mn one-time result…
  7. Q1 Results – OMV – slide 7
    Special items and CCS effect Q1/13 in EUR mn Q1/13 Q1/12 in EUR mn 1,261 Clean CCS EBIT 851 800 6 CCS gains/(losses) (17) 112 440 Clean EBIT 834 912 851 (17) (2) (21) 4 Personnel related costs (2) (1) Unscheduled depreciation (21)…
  8. Q1 Results – OMV – slide 8
    Exploration and Production Clean EBIT in EUR mn Q1/13 vs. Q4/12 Q1/13 vs. Q1/12 767 698 55 24 (150) 653 (143) 653 7 43 15 (10) Q4/12 Realization Volume Exploration Other Q1/13 Q1/12 Realization Volume Exploration Other Q1/13…
  9. Q1 Results – OMV – slide 9
    Exploration and Production Key Performance Indicators Hydrocarbon production (kboe/d) Q1/13 vs. Q4/12 299 305 309 301 302 Production slightly up More stable environment in Oil 157 164 168 159 163 Yemen and Libya and NGL Improved…
  10. Q1 Results – OMV – slide 10
    Exploration and Production Petrom group Hydrocarbon production (kboe/d) Q1/13 vs. Q4/12 184 182 182 183 183 Clean EBIT of EUR 323 mn up by 10%, mainly due to 90 89 88 88 89 Oil and NGL Higher realized oil price and higher gas price…
  11. Q1 Results – OMV – slide 11
    Major projects under development New ventures Exploration Appraisal Development Execution Production 2P Peak Project Working Project Country Type Operated start reserves production investments interest primary year mn boe kboe/d…
  12. Q1 Results – OMV – slide 12
    Major projects under appraisal New ventures Exploration Appraisal Development Execution Production Cumulative Working Project Country Type Operated start production interest primary year mn boe % STOD 1 Oil 2012 2 n/a 50.0 OP…
  13. Q1 Results – OMV – slide 13
    Exploration summary Q1/13 High impact drilling: Bianchi-1 appraisal well drilling Bina Bawi-4 appraisal well drilled; TD4100m; testing Jorvik Taggart Bina Bawi-5 appraisal well drilled; TD3400m; testing Other drilling: NOR:…
  14. Q1 Results – OMV – slide 14
    High impact wells 1 in 2013/14 Exploration and Production New ventures Exploration Appraisal Development Execution Exploration Apollo Spud Working Well Country Basin/Block Type 2 Operated Wisting date interest Bnna Bnna Barents…
  15. Q1 Results – OMV – slide 15
    Gas and Power Clean EBIT in EUR mn Q1/13 vs. Q1/12 99 102 5 (14) 4 7 Q1/12 Supply, Gas logistics Power Other Q1/13 marketing and trading SMT: Lower gas margins; gas sales decreased in Petrom Gas logistics profited mainly…
  16. Q1 Results – OMV – slide 16
    Gas and Power Key Performance Indicators Gas sales volumes in TWh Q1/13 vs. Q1/12 136 129 119 Gas sales volumes up by 14% 100 89 due to higher trading Petrom sales volumes decreased by 5% Q1 /12 Q2 /12 Q3 /12 Q4 /12 Q1 /13…
  17. Q1 Results – OMV – slide 17
    Refining and Marketing Clean CCS EBIT in EUR mn Q1/13 vs. Q1/12 112 23 34 85 (30) Q1/12 Fuels Petrochemicals Marketing Q1/13 Higher refining margins due to gasoline and middle distillate spreads Higher petrochemicals…
  18. Q1 Results – OMV – slide 18
    Refining and Marketing Key Performance Indicators Refining utilization rate in % Q1/13 vs. Q1/12 97 94 93 89 89 87 86 Utilization remained on same level 79 76 West East Marketing sales volumes declined 43 Lower Borealis contribution…
  19. Q1 Results – OMV – slide 19
    Recent strategic highlights Romania and Austria: Production at 209 kboe/d in Q1/13 Neptun: 630 mcf/d estimated potential gas production (preliminary results) Final investment decision for Aasta Hansteen gas field Growing Bina Bawi…
  20. Q1 Results – OMV – slide 20
    Key financial indicators Gearing ratio in % 31 28 28 26 15 Key financial principles Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Long-term gearing ratio target of 30% Payout ratio and DPS 1 1.20 Maintain a strong investment grade rating 1.00…
  21. Q1 Results – OMV – slide 21
    Outlook 2013 Market environment Brent price: Above USD 100/bbl Gas market: More influenced by hub prices Romania: Gas price liberalization in implementation Refining margins: More modest levels than in 2012 Business outlook CAPEX:…
  22. Q1 Results – OMV – slide 22
    23 OMV Group, Results Q1/13

From the store

Browse maps, data & reports in the Shale Experts store