Results January-September and Q3 2015 November 5, 2015 OMV Aktiengesellschaft
CEO update Rainer Seele, Chairman of the Executive Board and CEO OMV Aktiengesellschaft
HSSE: Safety is our priority Strong safety improvement record LTIR 1 OMV Group 0.7 0.7 0.5 0.4 0.3 2011 2012 2013 2014 9m/15 1 Lost-Time Injury Rate: Number of lost time injuries per 1 mn hours worked 3 OMV Group,…
Integrated business and diversified portfolio provide natural hedge in current environment 120 Oil price 100 Dated Brent, 80 USD/bbl 60 40 20 0 30 Gas price 25 CEGH, 20 EUR/MWh 15 10 5 0 10 Refining margin 8 OMV…
Financial performance Clean CCS EBIT Clean CCS Earnings Per Share Free cash flow before dividends in EUR mn in EUR in EUR mn 656 1.11 1.13 495 455 52 0.86 600 600 524 375 500 116 400 400 402 300 220 269 200 200 97 100…
Strong cash generation despite difficult oil price environment Sources of funds 1 in EUR mn 2,633 2,579 Integrated business model Very strong cash generation in Downstream Resilience of Upstream cash flow Cost reduction…
Recent highlights Long-term cooperation with Borealis strengthened Schwechat and Burghausen refinery each prolonged an offtake agreement for ethylene and propylene with Borealis until 2028 Optimized contract structure ensures…
Framework for strategic review Improve cash flow & profitability Continue integrated business model Upstream growth will remain focus 8 OMV Group, Results January-September and Q3 2015
Results Q3/15 David C. Davies, Deputy Chairman of the Executive Board and CFO OMV Aktiengesellschaft
Q3/15 Highlights Clean CCS EBIT Q3/15 vs. Q3/14 in EUR mn Average Brent price down by 50% to 656 USD 50/bbl Production at 292 kboe/d, down by 6% 495 60 Lower oil sales volumes in Upstream, mainly (403) due to Libya 182 Higher…
Results in Q3/15 Clean CCS net income attributable in EUR mn Q3/15 Q3/14 to stockholders 1 EBIT (744) 570 n.m. in EUR mn Financial result 9 (31) n.m. Profit from ordinary activities (735) 539 n.m. Taxes 259 (195) n.m. 367 Effective…
Special items and CCS effect Q3/15 in EUR mn Q3/15 Q3/14 in EUR mn Clean CCS EBIT 495 656 495 CCS gains/(losses) (149) (62) (149) Clean EBIT 345 593 (16) Personnel related costs (16) (22) Unscheduled depreciation (1,088) (1)…
Impairments recorded in Q3/15 Unscheduled depreciation in Q3/15 Oil price and EUR-USD FX-rate in EUR mn assumptions 1,088 1.35 1.35 140 1.30 1.4 Downstream 120 1.15 1.15 1.15 1.15 1.15 1.2 105 105 100 90 1.0 85 Upstream 80 80…
Cash flow 9m/15 in EUR mn 9m/15 9m/14 in EUR mn (467) Net income 36 957 (96)% (179) Depreciation and 3,010 1,888 59% 3,010 amortization (2,297) Other (467) (212) 120% 36 103 (530) Sources of funds 2,579 2,633 (2)% (426)…
CAPEX and EBITD 9m/15 in EUR mn Key investments in Q3/15 2,713 Field developments and redevelopments in Norway: Aasta Hansteen, Gullfaks and Edvard Grieg 1,997 1,378 Romania: drilling, workovers and field redevelopments…
Upstream Clean EBIT in EUR mn Q3/15 vs. Q2/15 Q3/15 vs. Q3/14 455 (374) 116 52 52 (163) (148) 129 (17) 139 56 (65) 25 (47) Q3/14 Realization Volume Exploration DD&A Other Q3/15 Q2/15 Realization Volume Exploration DD&A…
Upstream Key Performance Indicators Hydrocarbon production in kboe/d Q3/15 vs. Q2/15 311 318 303 307 Production decreased by 5% 292 Romania: planned workovers at key 163 164 150 154 148 wells Norway: planned turnaround at the 149…
Upstream OMV Petrom group Hydrocarbon production in kboe/d Q3/15 vs. Q2/15 178 182 184 181 Clean EBIT at EUR 94 mn 174 (down from EUR 124 mn) 84 84 85 85 83 Lower oil price and lower sales volumes 95 97 98 96 91 Positive impact…
Downstream Clean CCS EBIT Q3/15 vs. Q3/14 in EUR mn (42) 402 225 220 Q3/14 Downstream Oil Downstream Gas Q3/15 Significantly higher OMV indicator refining margin Strong petrochemicals business driven by increased…
Downstream Key Performance Indicators Refining utilization rate in % 1 Q3/15 vs. Q3/14 103 101 95 94 96 82 86 81 93 94 Overall refining utilization rate at 93% Total refined product sales increased slightly Retail sales…
Outlook 2015 Oil price Annual average between USD 50 and 60/bbl expected Refining margins Expected to decline from 9m/15 level Retail volumes Lower product prices expected to support demand Gas markets Remain challenging…
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