OMV Q3/16 conference call Rainer Seele Chairman of the Executive Board and CEO November 9, 2016 OMV Aktiengesellschaft
Key messages Positive free cash flow after dividends in Q3/16 as well as 9m/16 2016 and 2017 CAPEX guidance reduced 2016 E&A expenditure forecast reduced; 2017 E&A expenditure confirmed Sale agreement for 49% in Gas Connect…
OMV divests Upstream UK subsidiary OMV agreed to sell 100% of shares in OMV (U.K.) Limited to Siccar Point Energy Limited, Aberdeen Transaction value: up to USD 1 bn Effective date: January 1, 2016 OMV is partner in 22 licenses in…
HSSE Safety is our top priority Safety record Health, Safety, Security & Environment 1 LTIR OMV Group Lost-Time Injury Rate on the level of 2014 Third Party Audit on Incident 0.66 Investigation Process ongoing 0.52 Safety Culture…
Financial performance in Q3/16 Key financials Q3/16 Q2/16 (%) in EUR mn Clean CCS EBIT 415 214 94 Clean CCS net income 447 222 101 attributable to stockholders Clean CCS 1.37 0.68 101 Earnings Per Share (EPS), in EUR Free cash flow…
Financial performance in 9m/16 Clean CCS EBIT Clean CCS net income Free cash flow in EUR mn attributable to stockholders in EUR mn in EUR mn 1,203 968 645 842 796 266 103 9m/15 9m/16 9m/15 9m/16 (426) 9m/15 9m/16 55 42…
Key portfolio developments Gas Connect Austria Sale of 49% stake in Gas Connect Austria to a consortium of Allianz and Snam signed Rosebank Closed the sale of a 30% stake in the Rosebank field; cash impact in Q4/16 Turkey Aliaga…
2016 CAPEX guidance reduced to EUR 2 bn Group CAPEX Focus on profitable barrels and incl. capitalized E&A in EUR bn sustainable reduction of unit CAPEX cost (28)% Main investments in 9m/16: 2.8 Gullfaks, Schiehallion and Aasta 2.2…
41% reduction of E&A expenditure in 2016 E&A expenditure E&A expenditure forecast reduced to in EUR mn EUR 360 mn from EUR 450 mn in 2016 Lower activities across the portfolio (41)% Focus on low cost regions and near- 607 field…
On track to deliver committed cost savings Operating cost 1 reduction in EUR mn 150 Delivery of EUR 100 mn 150 New target already in 2016E 50 mn EUR 100 100 100 Original target 50 100 mn EUR 0 Baseline 2015 Dec. 2016…
Income statement summary in EUR mn Q3/16 Q2/16 (%) Q3/15 Clean CCS net income attributable to stockholders EBIT 63 (300) n.m. (728) in EUR mn Financial result 75 72 3 9 447 Thereof Borealis 110 111 (2) 93 101% Taxes (8) 111 n.m.…
Cash flow in EUR mn Q3/16 Q2/16 Q3/15 Net income 129 (117) (461) Depreciation, amortization, impairments including write-ups 899 1,157 1,631 Change in net working capital components (154) 345 232 Other (223) (349) (267) Cash flow…
Substantially increased results despite ongoing difficult market environment Key financials Q3/16 Q2/16 Q3/15 Special items and CCS effect in EUR mn Q3/16 in EUR mn 415 (3) Clean CCS EBIT 415 214 495 Thereof Upstream 38 0 52…
Upstream Q3/16 vs. Q3/15: Difficult pricing almost offset by lower costs and higher volumes Clean EBIT Q3/16 vs. Q3/15 in EUR mn Lower realized oil price by 14% and 52 gas price by 20% 38 Higher sales volumes following 20 20…
Downstream showed robust performance Clean CCS EBIT Q3/16 vs. Q3/15 in EUR mn Oil 402 OMV indicator refining margin 377 decreased to USD 3.7/bbl Gas 65 +93 Utilization rate at 97% Retail and commercial margins increased…
OMV Petrom Group reports improved results versus Q2/16 Key financials Q3/16 Q2/16 Q3/15 Q3/16 vs. Q2/16 in EUR mn Hydrocarbon production decreased to Clean CCS EBIT 137 49 239 174 kboe/d due to natural decline Production cost at…
Targeting a long-term gearing ratio of 30% Net debt development Strong liquidity position as of Q3/16 in EUR bn Cash position at EUR 1.7 bn 5 4.04 3.99 Committed revolving credit facilities of 4 3.74 EUR 3.6 bn (undrawn) 3 Net…
Outlook 2016 Brent oil price: Annual average of USD 44/bbl expected Gas prices on European spot markets are expected to show a seasonally European gas markets: upward trend in Q4/16 compared to Q3/16 OMVs Q4/16 indicator refining…
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