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Berenberg Energy Conference – OMV Group

OMV Group · Sep 18, 2019 · 98 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. Berenberg Energy Conference – OMV Group – slide 1
    OMV CAPITAL MARKET STORY September 2019 OMV Aktiengesellschaft
  2. Berenberg Energy Conference – 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. Berenberg Energy Conference – OMV Group – slide 3
    One integrated company Two strong pillars UPSTREAM Balanced core regions DOWNSTREAM OIL Top European refiner Central Eastern Europe 17.8 mn t refining and Middle East and Africa 2.5 mn t petrochemical capacity in Europe North Sea…
  4. Berenberg Energy Conference – 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. Berenberg Energy Conference – OMV Group – slide 5
    A new level of sustainable cash generation and potential for increase above EUR 5 bn mid-term Cash generation 1 and oil price development Sources of funds, EUR bn Growth Turnaround 5.0 4.3 3.9 3.3 3.2 3.0 Downstream 99 72 Oil…
  6. Berenberg Energy Conference – OMV Group – slide 6
    OMV Strategy 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% mid-…
  7. Berenberg Energy Conference – OMV Group – slide 7
    Delivering on targets Record clean CCS Operating Result in 2018 Clean CCS Operating Result Clean CCS ROACE EUR bn % 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 2016…
  8. Berenberg Energy Conference – 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. Berenberg Energy Conference – OMV Group – slide 9
    Strong performance in first half year 2019 Clean CCS net income attributable Cash flow from operating activities Clean CCS Operating Result EUR mn to stockholders excl. working capital change EUR mn EUR mn Upstream Corporate &…
  10. Berenberg Energy Conference – OMV Group – slide 10
    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…
  11. Berenberg Energy Conference – OMV Group – slide 11
    Stringent cost discipline Cost savings Production costs EUR mn 430 2018, USD/boe 2015 USD/boe 330 7.0 13.2 Organic CAPEX 200 2018, EUR bn 2015 EUR bn 1.9 2.7 E&A 2016 2017 2018 expenditure 2018, EUR mn 2015 Efficiency…
  12. Berenberg Energy Conference – OMV Group – slide 12
    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…
  13. Berenberg Energy Conference – OMV Group – slide 13
    Upstream Improved portfolio, lower cost Production volume Production cost Kboe/d USD/boe +59% +59% -48% (48)% 482 13.2 427 Asia-Pacific MEA 10.6 348 311 8.8 303 North Sea 7.0 6.9 Russia CEE 2015 2016 2017 2018…
  14. Berenberg Energy Conference – OMV Group – slide 14
    Successful strategy execution in Upstream Developed Asia-Pacific Expanded footprint in New Zealand by increasing stake in existing into core region producing assets Partnered with Sapuras upstream business in Malaysia Platform for…
  15. Berenberg Energy Conference – OMV Group – slide 15
    Strong project pipeline for further production growth SapuraOMV Upstream Production growth Achimov 4A/5A Kboe/d SARB and Umm Lulu Upside: Neptun Aasta Hansteen SapuraOMV Upstream 600 SARB and Umm Lulu Nawara SapuraOMV…
  16. Berenberg Energy Conference – OMV Group – slide 16
    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…
  17. Berenberg Energy Conference – OMV Group – slide 17
    Downstream 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. Berenberg Energy Conference – OMV Group – slide 18
    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…
  19. Berenberg Energy Conference – OMV Group – slide 19
    OMV and ADNOC form a strategic downstream partnership Decisive step to deliver OMV Strategy 2025 OMV acquired a 15% interest in ADNOC Refining and in a to-be-established Trading Joint Venture (ADNOC 65%, ENI 20%) OMV is a strategic…
  20. Berenberg Energy Conference – OMV Group – slide 20
    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…
  21. Berenberg Energy Conference – OMV Group – slide 21
    Europe needs more natural gas EU-28 gas supply and demand Billion cubic meter (bcm) OMV Strategy 2025 500 460 480 40 Increase sales volumes to 20 bcm by 2025 Import Reach 10% market share in Germany Imports 330 requirement of…
  22. Berenberg Energy Conference – OMV Group – slide 22
    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…
  23. Berenberg Energy Conference – OMV Group – slide 23
    Plastics-to-Oil: OMVs approach towards a circular economy Conversion of used plastics (PE,PP, PS) into ReOil Process synthetic crude oil, further processed in Schwechat refinery Crude Refinery/ petchem International ReOil process…
  24. Berenberg Energy Conference – OMV Group – slide 24
    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…
  25. Berenberg Energy Conference – OMV Group – slide 25
    Healthy balance sheet with substantial gearing headroom Net debt and gearing ratio Net debt, 2018, EUR bn post-IFRS 16 Q2/19, EUR bn Gearing ratio target 30% 28% 3.3 Gearing Gearing ratio, 21% headroom at 2.6 the end of 2018,…
  26. Berenberg Energy Conference – OMV Group – slide 26
    Funding the announced acquisitions while delivering on progressive dividend policy Sources and uses of cash (indicative figures) As of end of 2018, 3 years cumulative, EUR bn Acquisitions in 2019 15 Acquisition of share in SapuraOMV…
  27. Berenberg Energy Conference – OMV Group – slide 27
    New 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 28…
  28. Berenberg Energy Conference – OMV Group – slide 28
    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 (+17% vs. 2017) 1.20 We are committed to delivering an attractive and…
  29. Berenberg Energy Conference – OMV Group – slide 29
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  30. Berenberg Energy Conference – OMV Group – slide 30
    Upstream OMV Aktiengesellschaft
  31. Berenberg Energy Conference – OMV Group – slide 31
    Upstream At a Glance 2018 position Norway 427 kboe/d production (6m/19: 482 kboe/d) Russia with an oil and gas split of 43:57; Romania Austria Production cost at USD 7.0/boe (6m/19: USD 6.9/boe) Kazakhstan Bulgaria Kurdistan Region…
  32. Berenberg Energy Conference – OMV Group – slide 32
    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…
  33. Berenberg Energy Conference – OMV Group – slide 33
    Technology drives recovery and reduces downtime Highlights Mean-time-between-failure of producing wells of over 1,600 days (Austria) Reduced number of well interventions per year from over 150,000 to below 6,000 (Romania 1) Low cost…
  34. Berenberg Energy Conference – OMV Group – slide 34
    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…
  35. Berenberg Energy Conference – OMV Group – slide 35
    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…
  36. Berenberg Energy Conference – OMV Group – slide 36
    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 37 Capital…
  37. Berenberg Energy Conference – OMV Group – slide 37
    Project pipeline enables growth Production growth Kboe/d 600
  38. Berenberg Energy Conference – OMV Group – slide 38
    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 SARB/Umm Lulu onshore Sea)…
  39. Berenberg Energy Conference – OMV Group – slide 39
    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…
  40. Berenberg Energy Conference – OMV Group – slide 40
    Focus on 5 core regions North Sea Russia CEE Asia-Pacific 1 MEA OMV Upstream regions Central Eastern Europe (CEE) North Sea Middle East and Africa (MEA) Russia Asia-Pacific Growth 1 On January 31, 2019 OMV acquired a…
  41. Berenberg Energy Conference – OMV Group – slide 41
    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 6m/19 Strategic direction Kboe/d 6 25 Maximize profitable…
  42. Berenberg Energy Conference – OMV Group – slide 42
    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…
  43. Berenberg Energy Conference – OMV Group – slide 43
    CEE I Russia I North Sea I Middle East and Africa I Asia-Pacific Russia Build upon huge potential Presence in Russia Production 6m/19 Strategic direction Kboe/d Realize organic growth potential 100 kboe/d from Yuzhno Russkoye over…
  44. Berenberg Energy Conference – OMV Group – slide 44
    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 OMV production contribution from Russian fields 1 Kboe/d 200 150 100 50 0 2018…
  45. Berenberg Energy Conference – OMV Group – slide 45
    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 Region Production 6m/19 Strategic direction Kboe/d Aasta Hansteen on stream 86 First…
  46. Berenberg Energy Conference – OMV Group – slide 46
    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 6m/19 Kboe/d 4 Strategic direction 5 22 Further ramp up Umm Lulu and SARB and…
  47. Berenberg Energy Conference – OMV Group – slide 47
    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%,…
  48. Berenberg Energy Conference – OMV Group – slide 48
    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…
  49. Berenberg Energy Conference – OMV Group – slide 49
    CEE I Russia I North Sea I Middle East and Africa I Asia-Pacific Asia-Pacific developed into core region Production 6m/19 Kboe/d Current developments/highlights 11 Partnered with Sapuras Upstream business in Malaysia Malaysia 1…
  50. Berenberg Energy Conference – OMV Group – slide 50
    CEE I Russia I North Sea I Middle East and Africa I Asia-Pacific OMV acquired 50% of Sapuras Upstream business Presence in Malaysia Major independent Malaysian oil and gas company Total cumulative production estimated at around 260…
  51. Berenberg Energy Conference – OMV Group – slide 51
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  52. Berenberg Energy Conference – OMV Group – slide 52
    Downstream OMV Aktiengesellschaft
  53. Berenberg Energy Conference – OMV Group – slide 53
    Downstream Oil in a nutshell Downstream Oil presence 17.8 mn t (370 kboe/d) annual refining capacity in Austria, Germany and Romania, plus 7.1 mn t (150 Czech Republic 139 kboe/d) equity capacity in UAE Slovakia Hungary Romania…
  54. Berenberg Energy Conference – OMV Group – slide 54
    European 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…
  55. Berenberg Energy Conference – OMV Group – slide 55
    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…
  56. Berenberg Energy Conference – OMV Group – slide 56
    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…
  57. Berenberg Energy Conference – OMV Group – slide 57
    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…
  58. Berenberg Energy Conference – OMV Group – slide 58
    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…
  59. Berenberg Energy Conference – OMV Group – slide 59
    Continuous cost and performance programs lead to a top position in European refining benchmarking Top HSB Solomon Associates LLC ranking for Schwechat and Burghausen 1 and upside for Petrobrazi Net Cash Margin Net Cash Margin Net Cash…
  60. Berenberg Energy Conference – OMV Group – slide 60
    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…
  61. Berenberg Energy Conference – OMV Group – slide 61
    Favorable yield structure Integrated refinery yield 1 Heavy fuel oil yield (%) 2018, % OMV vs European refineries 4 2017 13% Petrochemicals 9% 18%…
  62. Berenberg Energy Conference – OMV Group – slide 62
    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…
  63. Berenberg Energy Conference – OMV Group – slide 63
    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…
  64. Berenberg Energy Conference – OMV Group – slide 64
    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…
  65. Berenberg Energy Conference – OMV Group – slide 65
    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…
  66. Berenberg Energy Conference – OMV Group – slide 66
    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…
  67. Berenberg Energy Conference – OMV Group – slide 67
    OMV will further improve its best in class captive sales volume Refineries Sales Retail sales volume % of refining capacity Equity crude oil processed 26% Captive sales outlets % of refining capacity % 35% 9% 40% 32% 23% 49%…
  68. Berenberg Energy Conference – OMV Group – slide 68
    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…
  69. Berenberg Energy Conference – OMV Group – slide 69
    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…
  70. Berenberg Energy Conference – OMV Group – slide 70
    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…
  71. Berenberg Energy Conference – OMV Group – slide 71
    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…
  72. Berenberg Energy Conference – OMV Group – slide 72
    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…
  73. Berenberg Energy Conference – OMV Group – slide 73
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  74. Berenberg Energy Conference – OMV Group – slide 74
    Financials OMV Aktiengesellschaft
  75. Berenberg Energy Conference – OMV Group – slide 75
    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…
  76. Berenberg Energy Conference – OMV Group – slide 76
    Development of economic environment Oil prices USD/bbl OMV indicator refining margin USD/bbl 80 74 75 6 5.7 69 69 5.2 5.2 63 5 60 68 66 4.0 61 62 60 4 3.2 40 3 Average Brent price 2 20 Average realized crude price 1 0 0…
  77. Berenberg Energy Conference – OMV Group – slide 77
    Financial performance overview in EUR mn (unless otherwise stated) 6m/19 2018 2017 2016 2015 2014 Clean CCS Operating Result before depreciation 1, 2 3,029 5,304 4,909 3,693 4,117 4,749 Clean CCS Operating Result 2 1,806 3,646 2,958…
  78. Berenberg Energy Conference – OMV Group – slide 78
    Segments results in EUR mn 6m/19 2018 2017 2016 2015 2014 Clean CCS Operating Result 1 1,806 3,646 2,958 1,535 1,737 2,418 Upstream 1,043 2,027 1,225 40 117 1,641 Downstream 801 1,643 1,770 1,533 1,546 812 Corporate and…
  79. Berenberg Energy Conference – OMV Group – slide 79
    Cash flow in EUR mn 6m/19 2018 1 2017 2016 2015 2014 Net income 1,154 1,993 853 (183) (1,255) 527 Depreciation, amortization and impairments incl. write-ups 1,177 1,780 1,941 3,784 5,153 3,165 Change in net working capital components…
  80. Berenberg Energy Conference – OMV Group – slide 80
    Operational KPIs Hydrocarbon production Refined product sales Retail sales kboe/d mn t mn t 474 490 5.38 1.60 1.63 4.98 4.79 1.45 419 Q2/18 Q1/19 Q2/19 Q2/18 Q1/19 Q2/19 Q2/18 Q1/19 Q2/19 Hydrocarbon sales Refinery…
  81. Berenberg Energy Conference – OMV Group – slide 81
    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…
  82. Berenberg Energy Conference – OMV Group – slide 82
    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…
  83. Berenberg Energy Conference – OMV Group – slide 83
    Balanced maturity profile Maturity profile 1 EUR bn 1.5 A3 Outlook stable June 28, 2019 1.0 A- Outlook stable June 7, 2018 0.5 Fitch Ratings reconfirmed rating on January 29, 2019 following the ADNOC 0.0 Refining transaction…
  84. Berenberg Energy Conference – OMV Group – slide 84
    Funding activities of the last years Date of issue Bond Amount in EUR mn Coupon in % Maturity November 2013 Eurobond (XS0996734868) 500 1.75 fixed 11/25/2019 February 2010 Eurobond (XS0485316102) 500 4.375 fixed 02/10/2020 October…
  85. Berenberg Energy Conference – OMV Group – slide 85
    Diversified international shareholder base Shareholder structure 1 Geographical distribution of institutional investors 1 0.4% 0.2% Consortium 8.2% 7% agreement - 31.5% Free float 18% 31% BAG & MPPH 56.4% 327.3 mn 27.7% 43.6%…
  86. Berenberg Energy Conference – OMV Group – slide 86
    OMV has a two-tier Board structure Supervisory Board Two boards with distinctive roles: Executive Board responsible for managing the company and representing it vis vis third parties Supervisory Board responsible for monitoring and…
  87. Berenberg Energy Conference – OMV Group – slide 87
    IFRS 16 Impact on OMV Group Income statement 2019 Cash flow statement 2019 Balance sheet EUR mn EUR mn EUR mn Capital employed 700 at Jan. 1, 2019 Depreciation 90 Net debt Operating Free 700 at Jan. 1, 2019 result 5 cash flow…
  88. Berenberg Energy Conference – OMV Group – slide 88
    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…
  89. Berenberg Energy Conference – OMV Group – slide 89
    Outlook 2019 2018 Outlook 2019 Brent oil price (USD/bbl) 71 65 NCG gas price (EUR/MWh)…
  90. Berenberg Energy Conference – OMV Group – slide 90
    Sustainability OMV Aktiengesellschaft
  91. Berenberg Energy Conference – OMV Group – slide 91
    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…
  92. Berenberg Energy Conference – OMV Group – slide 92
    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…
  93. Berenberg Energy Conference – OMV Group – slide 93
    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…
  94. Berenberg Energy Conference – OMV Group – slide 94
    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 5 OMV Operations…
  95. Berenberg Energy Conference – OMV Group – slide 95
    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…
  96. Berenberg Energy Conference – OMV Group – slide 96
    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…
  97. Berenberg Energy Conference – OMV Group – slide 97
    Contact Investor Relations Florian Philipp Vlad Oana Eric Nicolas Kleopatra Greger Chladek Alexandru Goje Schmiedchen Tegelmann Tinchon Head of Investor Investor Investor Investor Investor Assistant Investor Relations Relations…
  98. Berenberg Energy Conference – OMV Group – slide 98
    OMV Aktiengesellschaft

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