OMV Results January September and Q3 2014 November 6, 2014 OMV Aktiengesellschaft
Results Q3/14 David C. Davies, Deputy Chairman of the Executive Board and CFO OMV Aktiengesellschaft
Q3/14 Highlights Clean CCS EBIT in EUR mn Average Brent price down by 8% to USD 102/bbl 619 656 Production at 311 kboe/d, up by 13% Higher depreciation and production costs in E&P 455 Exploration expenses at EUR 138 mn, up by 75%…
Results in Q3/14 Clean CCS net income attributable in EUR mn Q3/14 Q3/13 to stockholders in EUR mn 1 EBIT 570 576 (1)% Financial result (31) (66) (53)% Profit from ordinary activities 539 510 6% Taxes (195) (135) 45% 281 263…
Special items and CCS effect Q3/14 in EUR mn Q3/14 Q3/13 in EUR mn Clean CCS EBIT 656 619 656 CCS gains/(losses) (62) 53 (62) 570 (1) (4) 4 Clean EBIT 593 673 (22) Personnel related costs (22) (6) Unscheduled depreciation (1) (95)…
Cash flow 9m/14 in EUR mn in EUR mn 9m/14 9m/13 Net income 957 1,669 (43)% (212) Depreciation and 1,888 1,550 22% (412) amortization 1,888 Other (212) (574) (63)% Sources of funds 2,633 2,646 0% 957 Change in net working (412)…
CAPEX and EBITD 9m/14 in EUR mn Key investments in Q3/14 3,365 Romania: drilling, workovers and field redevelopments 2,766 Field developments in Norway (Gullfaks, Aasta Hansteen, Edvard Grieg and Gudrun) 2,625 Schiehallion field…
Exploration and Production Clean EBIT in EUR mn Q3/14 vs. Q2/14 Q3/14 vs. Q3/13 (60) 578 201 (120) (74) 455 (70) 455 21 2 3 349 135 (54) Q2/14 Realization Volume Exploration DD&A Other Q3/14 Q3/13 Realization Volume…
Exploration and Production Key Performance Indicators Hydrocarbon production (in kboe/d) Q3/14 vs. Q2/14 311 297 311 275 277 Production up by 5% 162 145 163 142 138 Libyan production partially resumed Norway production ramped up…
Exploration and Production OMV Petrom group Hydrocarbon production (in kboe/d) Q3/14 vs. Q2/14 182 181 182 180 178 Clean EBIT at EUR 311 mn (up by 4%), mainly due to 88 87 87 84 84 lower production costs and exploration expenses…
Gas and Power Clean EBIT in EUR mn Q3/14 vs. Q3/13 1 11 14 11 (15) 7 Q3/13 Supply, Gas logistics Power Other Q3/14 marketing and trading Better gas supply mainly due to reduction of oil price related supply Improved…
Gas and Power Key Performance Indicators Gas sales and trading volumes in TWh Q3/14 vs. Q3/13 132 118 118 Gas sales volumes down by 22% mainly 86 89 due to lower gas demand from power plants and wholesale customers Gas trading…
Refining and Marketing Clean CCS EBIT in EUR mn Q3/14 vs. Q3/13 1 19 88 206 98 Q3/13 Fuels Petrochemicals Marketing Q3/14 Higher OMV indicator refining margin and optimized refining asset portfolio Higher propylene…
Refining and Marketing Key Performance Indicators Refining utilization rate in % Q3/14 vs. Q3/13 103 94 90 96 90 95 88 92 90 Overall refining utilization rate at 59 97%, up by 4%-points Marketing sales volumes decreased driven…
Key financial indicators Gearing ratio in % 33 35 30 29 12 Key financial principles Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Long-term gearing ratio target of 30% Payout ratio and DPS 1.20 1.25 Maintain a strong investment grade rating…
Outlook 2014 Oil price 2014 average USD 100/bbl G&P markets remain highly challenging Refining margins remain under pressure Marketing volumes remain under pressure Production 310 kboe/d CAPEX EUR 3.9 bn (80% E&P) E&A 1…
Exploration and Production Update Jaap Huijskes, Executive Board member responsible for E&P OMV Aktiengesellschaft
E&P project update Exploration only Exploration and production Continuous strong project pipeline (1 bn boe) Rosebank Gudrun Gudrun (Norway): Production ramp-up producing with three wells at 17 kboe/d 1 (net to OMV) Rosebank…
More than 1 bn barrels in the project pipeline New ventures Exploration Appraisal Development Execution Middle East Black Sea Domino (Black Sea) FRDs (Romania) FRDs (Romania) Africa Norway FRDs (Austria, Romania) FRDs (Austria)…
Major projects under development New ventures Exploration Appraisal Development Execution Production Peak Project Working Project Country Type 2P reserves Operated start 1 production investments interest primary year mn boe kboe/d…
Major projects under appraisal New ventures Exploration Appraisal Development Execution Production Cumulative Working Project Country Type Operated start 1 production interest primary year mn boe % FRD Romania Oil/Gas 2014-2017…
Exploration update and high impact wells 1 Exploration only New ventures Exploration and production Georgia: Memorandum of Understanding signed in September North Sea Atlantis, Seismic Wisting Apollo Gabon: 8,500 km 3D seismic…
Production levels in Libya and Yemen Libya Partially on stream since mid July 2014 Production 30 % of total capacity in January-October 2014 October average production at 22 kboe/d Security situation still volatile ADWOC 38 rig,…
Production levels Norway Production ramping up Gudrun 3rd well start-up on October 10 4th well to come on stream by year-end Gudrun, 1st lifting Norway production ramp-up in kboe/d 46 Production Outlook 35 32 Additional…
Domino, Black Sea Romania ExxonMobil (Operator, 50%), OMV Petrom (50%) Domino-1 discovery 1: 70.7 meters of net gas pay, preliminary estimate 1.5-3 tcf (42-84 bcm; 250-500 mn boe), gross Start of production: towards end of decade…
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