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Credit Suisse 24th Annual Energy Summit – OMV Group

OMV Group · Feb 11, 2019 · 94 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. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 1
    OMV CAPITAL MARKET STORY FEBRUARY 2019 OMV Aktiengesellschaft
  2. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 2
    OMV The energy for a better life Ready for a changing and volatile world HSSE Top priority Safety first Aim for ZERO harm NO losses Financial Integrated portfolio across the value chain stability Balanced regional footprint…
  3. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 3
    One company Two strong pillars UPSTREAM DOWNSTREAM OIL Top European refiner Balanced core regions Central Eastern Europe 3 refineries with refining Production capacity of 17.8 mn t 427 kboe/d Middle East and Africa Well positioned…
  4. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 4
    OMVs value proposition Well positioned for rewarding shareholders ROACE Integrated and balanced 2018, Clean CCS figure Integrated and balanced portfolio of Upstream and 2015 Downstream assets provide resilient cash generation 13% 8%…
  5. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 5
    A new level of sustainable cash generation and potential for increase above EUR 5 bn mid-term Cash generation and oil price development 1 Sources of funds, EUR bn Growth Turnaround 5.0 4.3 3.9 3.3 3.2 3.0 Downstream 99 72 Oil…
  6. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 6
    OMV Strategy 2025 In a nutshell Profitable growth Expand integrated portfolio Clean CCS Operating Result Leverage on proven concept of EUR 4 bn in 2020 and integration EUR 5 bn in 2025 Significantly internationalize ROACE target 12%…
  7. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 7
    Delivering on targets Record clean CCS Operating Result in 2018 Clean CCS Operating Result Clean CCS ROACE In EUR bn In % 3.6 14 13 Target 3.0 12% 2.0 1.2 8 1.7 7 1.5 0.1 0.0 1.5 1.5 1.8 1.6 2015 2016 2017 2018 2015…
  8. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 8
    2018 A year of strong strategy execution Record production of 427 kboe/d (+23%) with cost of USD 7/boe (-20%) Operational World-class refinery utilization at 92% despite turnaround excellence Cost savings of EUR 100 mn (vs. 2017)…
  9. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 9
    Active portfolio management towards higher returns Major divestments Major acquisitions Divested high cost and capex Established Russia as an Upstream core intensive OMV UK region Sold minority stake in regulated Established an…
  10. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 10
    Stringent cost discipline 2015-2017: Cost efficiency program Production costs EUR mn, compared to 2015 on a comparable basis 2018, USD/boe 2015 USD/boe Target Delivered 7.0 13.2 2016 100 200 Target Delivered Organic CAPEX 2018,…
  11. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 11
    Clear commitment to digitalization Initiatives across the entire group driving efficiency and growth Selected digitalization infinitives Size of Investment () Real-time Growth Digital Rig Digital Oilfield of the Future 100 Mio…
  12. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 12
    Upgraded and cost competitive portfolio Production volume Production cost Kboe/d USD/bbl +41% +41% (47)% -47% 427 13.2 Asia-Pacific MEA 348 10.6 303 311 North Sea 8.8 Russia 7.0 CEE 2015 2016 2017 2018 2015 2016…
  13. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 13
    Strategy execution in Upstream Developed Asia-Pacific Expanded footprint in New Zealand by increasing stake into core region in existing producing assets Partnered with Sapuras upstream business in Malaysia Platform for further…
  14. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 14
    Strong project pipeline for further production growth Sapura Upstream Production growth Achimov 4A/5A Kboe/d Sarb and Umm Lulu Upside: Neptun Asta Hasteen Sapura Upstream 600 Sarb and Umm Lulu Nawara Sapura Upstream 500 1 500…
  15. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 15
    Downstream Consistent strong cash generator Clean CCS Operating Result Downstream Free Cash Flow EUR bn EUR bn 1.8 1.7 0.2 1.6 1.5 1.5 1.3 0.1 0.1 0.2 Downstream Gas 0.2 1.3 0.6 0.1 0.1 0.6 0.6 0.6 Petrochemicals 0.6 0.8…
  16. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 16
    Excellently positioned for IMO 2020 to capture upside No investment required Positioned to capture significant upside Middle Heavy fuel No refinery Balanced distillate yield oil yield turnaround sour/sweet in 2019 and 2020 crude slate…
  17. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 17
    Upgrading European refining assets European market OMV European production 2016 - 2025 volume 2025 Change 2025 volumes Up to EUR 1 bn planned investments for upgrades in 2018 - 2025 +12% 2.8 mn t Increase production of…
  18. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 18
    OMV and ADNOC form a strategic downstream partnership Decisive step to deliver OMV Strategy 2025 OMV acquires a 15% interest in ADNOC Refining and in a to-be-established Trading Joint Venture (ADNOC 65%, ENI 20%) OMV becomes a…
  19. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 19
    Benefitting from an integrated position in Abu Dhabi OMVs integrated value chain in Abu Dhabi enhances profitability, increases optionality and reduces volatility Upstream Refining & Trading Petrochemicals / Polymers Sarb and Umm…
  20. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 20
    Europe needs more natural gas EU-28 gas supply and demand Billion cubic meter (bcm) 500 OMV Strategy 2025 460 40 Increase sales volumes to 20 bcm by 2025 Reach 10% market share in Germany Imports 330 375 Increase equity gas…
  21. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 21
    Getting ready for a sustainable economy Alternative Future feedstocks & mobility circular economy 2025 targets 1 Gas ReOil Reduce carbon intensity of EUR 500 mn operations by 19% for innovative energy solutions by 2025 Reduce…
  22. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 22
    ReOil Transformation of plastic waste into crude oil Conversion of used plastics (PE,PP, PS) into Refinery/ Schwechat synthetic crude oil, further processed in Crude oil petrochemic al process Schwechat refinery Pilot plant…
  23. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 23
    Focus on disciplined organic investments Organic CAPEX EUR bn 3.1 2.0 - 2.5 2.3 Increase in 2019 organic Capex guidance reflects a strong pipeline of profitable growth projects 1.8 The guided level of EUR 2.0 to 2.5 bn per…
  24. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 24
    Healthy balance sheet with substantial gearing headroom Net debt and gearing ratio EUR bn Gearing ratio target 30% 28% Cash position EUR bn 1 21% 2.6 Gearing headroom 4.0 14% 13% Undrawn revolving 4.0 credit facilities EUR bn…
  25. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 25
    Funding the announced acquisitions while delivering on progressive dividend policy Sources and uses of cash (indicative figures) 3 years cumulative, EUR bn Acquisitions of stakes in ADNOC 15 Refining and Sapura Upstream in 2019 Gearing…
  26. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 26
    Shift in capital allocation priorities Previous priorities New priorities Organic Capex 1 Organic Capex ROACE TARGET Acquisitions 2 Dividends 12% Mid- and long-term Dividends 3 Debt reduction Debt reduction 4 Acquisitions 27…
  27. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 27
    Delivering on our progressive dividend policy Record dividends in 2018 Dividend per share EUR CAGR 1.75 Record dividend of EUR 1.75 per share for 2018 +21% 1.5 proposed (+17% vs. 2017) 1.20 We are committed to delivering an…
  28. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 28
    Upstream OMV Aktiengesellschaft
  29. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 29
    Upstream At a Glance 2018 position Norway 427 kboe/d production Russia with an oil and gas split of 43:57 Romania Austria Production cost at USD 7.0/boe Kazakhstan Bulgaria Kurdistan Region of Iraq 1P Reserves of 1,270 mn boe…
  30. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 30
    Transformed Exploration strategy: 60% success rate in 2018 Active in Austria, Romania deep onshore, Black Sea, Norway and New Zealand 2018 biggest success Increase size and quality of E&A portfolio Iris and Hades Apply proven…
  31. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 31
    Technology drives recovery and reduces downtime Highlights Mean-time-between-failure of producing wells of over 1,900 days (Austria) Reduced number of well interventions per year from over 150,000 to below 6,000 (Romania 1) Low cost…
  32. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 32
    Transform OMV Upstream into a top digital player Project examples Drilling cockpit for real-time collaboration Latest 3D visualization technology for geological interpretation Machine learning and cloud solutions for seismic data…
  33. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 33
    Upstream strategy 2025 Renew and improve the Production volume quality of our asset base of 500 kboe/d in 2020 and 600 kboe/d in 2025 Double reserves Production cost below Extend track record of USD 8/boe operational excellence…
  34. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 34
    Strengthened reserve base 1P Reserves Reserve Replacement Rate Mn boe 3 years RRR, % 1,270 160 49 Asia-Pacific 1,146 1,030 266 MEA 116 120 North Sea 232 Russia 70 602 CEE 2016 2017 2018 2016 2017 2018 35 Capital…
  35. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 35
    Project pipeline enables growth Production growth Kboe/d 600 500 500 427 348 Production cost both in 2020 and 2025 USD/boe
  36. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 36
    Focus shifts to strategy execution Project pipeline Development New ventures Exploration Appraisal & Execution Abu Dhabi Austria Neptun Deep Nawara (Tunisia) Asia-Pacific Romania deep (Romania, Black Umm Lulu/SARB onshore Sea)…
  37. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 37
    Major projects Development & Execution Project Country Type Production Cum. production 1 Peak production Working interest Operated FID primary start year mn boe kboe/d % year Nawara Tunisia Gas 2019 40-50 10 50.0 by OMV 2014 Achimov…
  38. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 38
    Focus on 5 core regions North Sea Russia CEE Asia-Pacific MEA OMV Upstream regions Central Eastern Europe (CEE) North Sea Middle East and Africa (MEA) Russia Asia-Pacific Growth 39 Capital Market Story, February…
  39. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 39
    CEE I Russia I North Sea I Middle East and Africa I Asia-Pacific Sustain value generation in Romania and Austria, realize Black Sea potential Presence in CEE Production split 2018 Strategic direction Kboe/d 7 26 Maximize profitable…
  40. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 40
    CEE I Russia I North Sea I Middle East and Africa I Asia-Pacific Growth project in Romania Neptun Deep, Black Sea Neptun Deep Project Phase: Engineering (pre-FID) Licensees: ExxonMobil (Operator, 50%), OMV Petrom (50%) Domino-1…
  41. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 41
    CEE I Russia I North Sea I Middle East and Africa I Asia-Pacific Russia Build upon huge potential Presence in Russia Production 2018 Strategic direction Kboe/d Realize organic growth potential 100 kboe/d from Yuzhno Russkoye over…
  42. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 42
    CEE I Russia I North Sea I Middle East and Africa I Asia-Pacific Yuzhno Russkoye and Achimov 4A/5A provide OMV with stable and sustainable production Yuzhno Russkoje Achimov 4A/5A OMV production contribution from Russian fields 1…
  43. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 43
    CEE I Russia I North Sea I Middle East and Africa I Asia-Pacific North Sea region Secure long-term sustainable contribution Presence in North Sea Production 2018 Strategic direction Kboe/d Aasta Hansteen on stream 75 First gas…
  44. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 44
    CEE I Russia I North Sea I Middle East and Africa I Asia-Pacific Grow and access potential in Middle East and Africa Presence in MEA Production split 2018 Kboe/d 3 Strategic direction 4 5 Further ramp up Umm Lulu and SARB and…
  45. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 45
    CEE I Russia I North Sea I Middle East and Africa I Asia-Pacific Abu Dhabi High-quality assets with substantial cash generation Umm Lulu and SARB 20% interest awarded in April 2018; concession valid until March, 2058 (ADNOC: 60%,…
  46. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 46
    CEE I Russia I North Sea I Middle East and Africa I Asia-Pacific Growth project in Tunisia Nawara Nawara field Project Phase: Execution Licensees: OMV (Operator, 50%), ETAP (50%) Cumulative production: 40-50 mn boe of gas…
  47. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 47
    CEE I Russia I North Sea I Middle East and Africa I Asia-Pacific Developed Asia-Pacific into core region Production 2018 Philippines Kboe/d Current developments/highlights Partnered with Sapuras Upstream business in Malaysia…
  48. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 48
    CEE I Russia I North Sea I Middle East and Africa I Asia-Pacific Increased footprint in New Zealand Acquisition of Shells Upstream business in New Adding up to 100 mn boe Zealand of recoverable resources Purchase price USD 578 mn…
  49. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 49
    CEE I Russia I North Sea I Middle East and Africa I Asia-Pacific OMV acquired 50% of Sapuras Upstream business Sapura Upstream presence in Malaysia Major independent Malaysian oil and gas company Total cumulative production estimated…
  50. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 50
    Downstream OMV Aktiengesellschaft
  51. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 51
    Downstream Oil in a nutshell Downstream Oil presence 2018 position 17.8 mn t (370 kboe/d) annual refining capacity in Czech Republic 139 Austria, Germany and Romania Slovakia Hungary Romania Moldova 92 197 558 82 2.5 mn t…
  52. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 52
    Downstream Oil Value Chain 2018 figures Refinery Product supply and Petrochemical/ commercial/ Crude supply production logistics retail sales Purchase of semi- Purchase of Retail finished products 1.3 mn t 1 finished products…
  53. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 53
    Downstream Gas in a nutshell Downstream Gas presence 2018 position 114 TWh natural gas sales, thereof 60% equity supplied 51% share in Gas Connect Austria, the Austrian Netherlands pipeline operator 30 TWh gas storage capacities in…
  54. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 54
    Downstream Gas Value Chain 2018 figures Gas supply Gas logistics Gas marketing sales Equity production in Romania 45 TWh Gas sales to third parties Equity production 114 TWh in Norway 18 TWh Sales in Europe 1 66 TWh Equity…
  55. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 55
    Best in class refinery utilization rate and stable sales Refined product sales Retail sales mn t mn t 10.4 30.7 OMV Petrol Ofisi OMV Petrol Ofisi divested in June divested in June 8.1 23.8 2017 2017 20.3 6.3 20.1 19.8 6.0…
  56. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 56
    OMVs refining sites are operated as one integrated refinery 3 refining sites = 1 integrated refinery concept Optimize asset utilization through intermediate product exchanges Burghausen Schwechat Petrobrazi 3.8 mn t/a 9.6 mn t/a 4.5…
  57. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 57
    Continuous cost and performance programs lead to a top position in European refining benchmarking Top HSB Solomon Associates LLC ranking for Schwechat and Burghausen1 and upside for Petrobrazi Net Cash Margin Net Cash Margin Net Cash…
  58. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 58
    Flexible crude intake in OMV refineries Sources of processed crude oil 2018 Processed crude oil quality 2018 Others Austria Heavy Iran 7% 4% Iraq 6% Romania 4% 21% Russia 4% Azerbaijan 6% Medium Light 21% 27% Kazakhstan…
  59. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 59
    Favorable yield structure Integrated refinery yield % Heavy Fuel Oil Yield (%) OMV vs European refineries 1 12% Petrochemicals 9% 17%…
  60. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 60
    The share in Borealis is a core asset in OMV Downstream and a basis for further growth Polyolefin production capacity Mn t p.a. Borealis Borealis contribution to 6 in polyolefins globally (incl. 100% of Borouge) OMVs Clean CCS…
  61. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 61
    Downstream strategy 2025 Europe International Downstream Oil: Further strengthen Export successful European refining competitive position and petrochemical business model to Operational excellence international growth markets Shift…
  62. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 62
    Strong petrochemicals position in Europe and potential for future growth Production capacity Clean CCS Operating Result petrochemicals Mn t p.a. EUR mn 2.8 300 2.5 Butadiene and 2.3 aromatics 245 1.8 Propylene 109 104 Ethylene…
  63. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 63
    OMV Retail Strong brands driving value growth OMV Petrom Avanti and Diskont 65% of network 25% of network 10% of network Premium fuels; share in sales doubled since 2012 Most trusted retail brand in Perceived as most Leading shop…
  64. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 64
    Retail ambitions for the future Profitability turnaround in last 6 years Highly efficient retail stations AT average DE average Operating Result per filling station, EUR 1,000 1 Average throughput per station, mn liters 1 2 RO average…
  65. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 65
    OMV will further improve its best in class captive sales volume Refineries Sales Retail sales volume % of refining capacity Equity crude oil processed 25% Captive sales outlets % of refining capacity % 35% 9% 40% 32% 25% 47%…
  66. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 66
    OMV and ADNOC form a strategic downstream partnership Decisive step to deliver OMV Strategy 2025 OMV European Champion ADNOC Refining Middle East Champion Operations Excellence Top performing ADNOC Refining team 1st quartile European…
  67. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 67
    OMV acquires a 15% interest in ADNOC Refining and in a to-be- established Trading Joint Venture Refining capacity of 922 kbbl/d: Ruwais Refinery East: 420 kbbl/d Ruwais Refinery West: 417 kbbl/d Abu Dhabi Refinery: 85 kbbl/d Dubai…
  68. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 68
    Trading Joint Venture instrumental to optimize margins along the value chain Refinery has an excellent location to supply growth markets Trading JV to start operations as early as 2020 OMV to own a 15% stake in the Trading JV…
  69. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 69
    Fantastic platform for further profitable growth SELF-FUNDED GROWTH Profitable long-term growth pipeline Integrate in petchem Increase feedstock value chain Detailed feasibility studies for future Operational excellence projects…
  70. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 70
    Nord Stream 2: Improvement of energy security in Europe Nord Stream 2 pipeline project Natural gas pipeline from Russia to Europe across the Baltic Sea Nord Stream 1 Russia 55 bcm per year capacity Development started in 2018 and is…
  71. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 71
    72 Capital Market Story, February 2019 This page is intentionally left blank
  72. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 72
    Financials OMV Aktiengesellschaft
  73. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 73
    Financial steering framework Shareholder return and strong rating Value + Cash Focus Strength of balance sheet and Growth in profitability and steady value enhancement adequate liquidity KPIs ROACE/EVA Free cash flow after…
  74. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 74
    Development of economic environment Oil prices USD/bbl OMV indicator refining margin USD/bbl 80 74 75 6 5.7 5.7 67 69 5.2 5.2 61 4.8 5 60 68 58 61 62 4 56 40 3 Average Brent price 2 20 Average realized crude price 1 0 0…
  75. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 75
    Financial performance overview in EUR mn (unless otherwise stated) 2018 2017 2016 2015 2014 2013 Clean CCS Operating Result before depreciation 1, 2 5,304 4,909 3,693 4,117 4,749 4,639 Clean CCS Operating Result 2 3,646 2,958 1,535…
  76. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 76
    Segments results in EUR mn 2018 2017 2016 2015 2014 2013 Clean CCS Operating Result 1 3,646 2,958 1,535 1,737 2,418 2,815 Upstream 2,027 1,225 40 117 1,641 2,098 Downstream 1,643 1,770 1,533 1,546 812 755 Corporate and Other…
  77. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 77
    Cash flow in EUR mn 2018 2017 2016 2015 2014 2013 Net income 1,993 853 (183) (1,255) 527 1,729 Depreciation, amortization and impairments incl. write-ups 1,780 1,941 3,784 5,153 3,165 2,289 Change in net working capital components 103…
  78. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 78
    Operational KPIs Hydrocarbon production Refined product sales Retail sales kboe/d mn t mn t 447 5.50 5.25 1.74 406 4.95 1.55 1.58 377 Q4/17 Q3/18 Q4/18 Q4/17 Q3/18 Q4/18 Q4/17 Q3/18 Q4/18 Hydrocarbon sales Refinery…
  79. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 79
    Full-year 2018 Clean CCS Results Clean CCS Operating Result Clean CCS net income attributable Clean CCS Earnings Per Share EUR mn to stockholders EUR EUR mn Upstream Corporate & Others, Consolidation Downstream 3,646 4.97 4.88…
  80. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 80
    Free cash flow of EUR 0.3 bn after record dividends and major acquisitions Sources and uses 1 in 2018 EUR bn Cash flow from operating activities increased to EUR 4.4 bn (FY/17: EUR 3.4 bn) 4.9 +0.3 4.6 Cash inflow from disposals of…
  81. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 81
    Balanced maturity profile Maturity profile 1 EUR bn 1.5 A3 Outlook stable May 21, 2018 1.0 A- Outlook stable June 7, 2018 0.5 Both Moodys and Fitch Ratings reconfirmed rating on January 29, 2019 0.0 following the ADNOC Refining…
  82. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 82
    Funding activities of the last years Date of issue Bond Amount in EUR mn Coupon in % Maturity November 2013 Eurobond (XS0996734868) 500 1.75 fix 11/25/2019 February 2010 Eurobond (XS0485316102) 500 4.375 fix 02/10/2020 October 2011…
  83. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 83
    Diversified international shareholder base Shareholder structure 1 Geographical distribution of 0.3% institutional investors 1 0.2% 8.5% 8% 31.5% 18% 32% Institutional 327.3 mn investors 27.3% shares 27.3% 4% 6% 24.9%…
  84. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 84
    OMV has a two-tier Board structure Supervisory Board Two boards with distinctive roles: Executive Board (EB1) responsible for managing the company and representing it vis vis third parties Supervisory Board responsible for monitoring…
  85. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 85
    Sensitivities of OMV Group in 2019 Annual impact 1 Clean CCS Operating Operating cash flow in EUR mn Result Brent oil price (USD +1/bbl) +60 +30 OMV invoiced gas price (EUR +1/MWh) +150 +105 CEGH/NCG gas price 3 (EUR +1/MWh) +50 +25…
  86. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 86
    Outlook 2019 2018 Outlook 2019 Brent oil price (USD/bbl) 71 65 NCG gas price (EUR/MWh)…
  87. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 87
    88 Capital Market Story, February 2019 This page is intentionally left blank
  88. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 88
    Sustainability OMV Aktiengesellschaft
  89. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 89
    What sustainability means for us At OMV, sustainability means creating long- term value for our customers and shareholders by being innovative and an employer of choice. We conduct our business in a responsible way, respecting the…
  90. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 90
    Responsible and sensible use of oil and gas Oil is a valuable resource Oil as an energy source: when renewable energies are not available or affordable, or when a guarantee is needed that supplies are available in sufficient quantity…
  91. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 91
    Gas is an enabler for the energy transition to a lower-carbon energy system Electricity production: By switching from coal to gas immediate CO2 savings of 50%. Natural gas Transport sector: Gas produces 2095% less CO2 emissions and…
  92. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 92
    Growth strategy is implemented in a safe, responsible and carbon efficient manner Safety first Carbon efficiency Recognition Carbon intensity Lost Time Process safety GHG emissions per unit Injury Rate events OMV Operations External…
  93. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 93
    OMVs Sustainability Focus Areas Focus Areas Commitments Health, Safety, Zero work related fatalities Security and Stabilize Lost-Time Injury Rate at below 0.30 (per 1 million working hours) Environment Keep leading position for…
  94. Credit Suisse 24th Annual Energy Summit – OMV Group – slide 94
    ESG performance OMV joined the Dow Jones Sustainability Index, being the only Austrian company included. OMV received the highest AAA score from MSCI Global Sustainability Index for the sixth year in a row. OMV was reconfirmed as a…

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