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2Q17 Conference Call Results – OMV Group

OMV Group · Aug 10, 2017 · 20 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. 2Q17 Conference Call Results – OMV Group – slide 1
    OMV Q2 2017 Results Conference Call Rainer Seele Chairman of the Executive Board and CEO August 10, 2017 OMV Aktiengesellschaft
  2. 2Q17 Conference Call Results – OMV Group – slide 2
    Disclaimer This report contains forward-looking statements. Forward-looking statements may be identified by the use of terms such as outlook, expect, anticipate, target, estimate, goal, plan, intend, may, objective, will and similar…
  3. 2Q17 Conference Call Results – OMV Group – slide 3
    Weak oil prices, increased refining and petrochemicals margins Oil price Brent OMV indicator refining margin in USD/bbl in USD/bbl 60 8 50 54 49 50 6 40 46 46 6.0 5.6 5.4 30 4 4.7 20 3.7 2 10 0 0 Q2/16 Q3/16 Q4/16 Q1/17…
  4. 2Q17 Conference Call Results – OMV Group – slide 4
    Successful transformation efforts led to a strong Clean CCS Operating Result and free cash flow in first half of 2017 Clean CCS Operating Result Free cash flow before dividends in EUR mn in EUR mn 2,649 1,737 1,535 1,467…
  5. 2Q17 Conference Call Results – OMV Group – slide 5
    Key messages STRONG OPERATIONAL PORTFOLIO COST PERFORMANCE CHANGES DISCIPLINE Continued strong production Closed sale of OMV Petrol Ofisi in Upstream production cost with rising Libyan output Turkey…
  6. 2Q17 Conference Call Results – OMV Group – slide 6
    Strong Group Clean CCS Operating Result in Q2 2017 despite refinery turnaround Clean CCS Operating Result Clean CCS net income attributable Clean CCS earnings per Share in EUR mn to stockholders in EUR Downstream Upstream in EUR mn…
  7. 2Q17 Conference Call Results – OMV Group – slide 7
    Group Operating Result negatively impacted by one-off FX effects due to the OMV Petrol Ofisi divestment Operating Result Net income attributable to Earnings per share in EUR mn stockholders in EUR Downstream Upstream in EUR mn…
  8. 2Q17 Conference Call Results – OMV Group – slide 8
    Upstream: Strong earnings increase driven by higher prices and volumes Clean CCS Operating Result Q2 2017 vs. Q2 2016 in EUR mn Higher oil and gas prices and favorable FX environment +256 +256 Realized oil price increased by 19%…
  9. 2Q17 Conference Call Results – OMV Group – slide 9
    Downstream: Resilient earnings due to strong refining and petrochemicals margins Clean CCS Operating Result Q2 2017 vs. Q2 2016 in EUR mn Oil +48 Significantly increased refining margins (+29%) and ethylene/propylene net margins…
  10. 2Q17 Conference Call Results – OMV Group – slide 10
    Strict cost discipline Upstream production cost 1 CAPEX 2 Cost-savings program 3 in USD/boe in EUR bn in EUR mn +50 +50 (34)% -34% (36)% -36% 13.2 2.8 250 10.6 200 8.9 8.7 1.9 1.8 1.1 0.7 H1 2015 2016 Q1 2017…
  11. 2Q17 Conference Call Results – OMV Group – slide 11
    Strong operating cash flow generation in H1 2017, fully covering investments and increased dividend payments Sources and uses 1 of cash in H1 2017 in EUR mn Strong cash flow form operating activities of 3,633 EUR 1.9 bn in H1…
  12. 2Q17 Conference Call Results – OMV Group – slide 12
    Significant deleveraging and strong cash position Net debt development Strong liquidity position as of Q2/17 in EUR bn Further reduction of net debt to EUR 0.9 bn 4.0 Cash position at EUR 4.2 bn 3.0 Committed revolving credit…
  13. 2Q17 Conference Call Results – OMV Group – slide 13
    Updated Outlook 2017 2016 Outlook 2017 Brent oil price (USD/bbl) 44 52 (Previous: 55) CEGH gas price (EUR/MWh) 15 15 Total hydrocarbon production (kboe/d) 311 3301 (Previous: 320) OMV indicator refining margin (USD/bbl) 4.7 4.7…
  14. 2Q17 Conference Call Results – OMV Group – slide 14
    OMV Aktiengesellschaft
  15. 2Q17 Conference Call Results – OMV Group – slide 15
    BACKUP OMV Aktiengesellschaft
  16. 2Q17 Conference Call Results – OMV Group – slide 16
    Upstream: Earnings decreased sequentially, as a result of lower oil prices Clean CCS Operating Result Q2 2017 vs. Q1 2017 in EUR mn Lower oil and gas prices and weaker USD (62) Realized oil price decreased by 9% -62 321 Realized…
  17. 2Q17 Conference Call Results – OMV Group – slide 17
    Downstream: Continued strong earnings contribution despite Schwechat refinery turnaround Clean CCS Operating Result Q2 2017 vs. Q1 2017 in EUR mn Oil (83) Higher refining margins (+11%) and ethylene/propylene net margins (+28%);…
  18. 2Q17 Conference Call Results – OMV Group – slide 18
    Strong balance sheet Balance Sheet Q2 2017 vs Q1 2017 Highlights Q2 2017 in EUR bn 31.2 31.2 Assets and liabilities held for sale decreased 29.3 29.3 due to the closing of OMV Petrol Ofisi divestment 11.4 Other long-term assets…
  19. 2Q17 Conference Call Results – OMV Group – slide 19
    Operational KPIs Hydrocarbon production Refined product sales Retail sales in kboe/d in mn tons in mn tons 335 339 7.65 2.62 2.52 316 6.94 2.34 6.54 Q2 2016 Q1 2017 Q2 2017 Q2 2016 Q1 2017 Q2 2017 Q2 2016 Q1 2017 Q2 2017…
  20. 2Q17 Conference Call Results – OMV Group – slide 20
    Updated sensitivities of OMV Group in 2017 2017 impact Operating Result 1 Operating cash flow in EUR mn Brent oil price +45 +40 (USD +1/bbl) Gas price (EUR +1/MWh) +20 +15 OMV indicator refining margin +110 +85 (USD +1/bbl)…

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