Omv Ag · VIE:OMV

Omv — OMV Aktiengesellschaft — Q2 2019 Earnings Presentation

19 slides from Omv's earnings presentation, Jul 31, 2019

  1. Slide 1: OMV Q2 2019 Results Conference Call

    OMV Q2 2019 Results Conference Call July 31, 2019 OMV Aktiengesellschaft Rainer Seele Chairman of the Executive Board and CEO The spoken word applies 1/19 | OMV Group

  2. Slide 2: OMV Q2 2019 Results Conference Call, July 31, 2019 2/19 | OMV Group

    OMV Q2 2019 Results Conference Call, July 31, 2019 2/19 | OMV Group

  3. Slide 3: Macro environment – Improved oil prices and petrochemical margins offset by weak gas prices

    OMV Q2 2019 Results Conference Call, July 31, 2019 Ladies and gentlemen, good morning and thank you for joining us today. Despite a challenging macro environment in the second quarter of 2019, OMV delivered a strong operational performance and a substantial increase in earnings. Let me start by brie

  4. Slide 4: OMV Q2 2019 Results Conference Call, July 31, 2019 4/19 | OMV Group

    OMV Q2 2019 Results Conference Call, July 31, 2019 4/19 | OMV Group

  5. Slide 5: Key messages Q2 2019

    OMV Q2 2019 Results Conference Call, July 31, 2019 Slide 4: Key messages Q2 2019 Despite the volatile and weaker market environment, OMV delivered a very strong clean CCS Operating Result of more than one billion Euros, 44 percent up versus the same period a year ago. Clean CCS net income attributab

  6. Slide 6: Page left intentionally blank

    OMV Q2 2019 Results Conference Call, July 31, 2019 Page left intentionally blank 6/19 | OMV Group

  7. Slide 7: FID for high-purity isobutene unit and ADNOC Refining acquisition

    OMV Q2 2019 Results Conference Call, July 31, 2019 We also took FID for the construction of a high-purity isobutene unit in Burghausen. The project is the first application worldwide of a new technology developed in collaboration with BASF. The new unit will be integrated into the existing refinery

  8. Slide 8: OMV Q2 2019 Results Conference Call, July 31, 2019 8/19 | OMV Group

    OMV Q2 2019 Results Conference Call, July 31, 2019 8/19 | OMV Group

  9. Slide 9: Clean CCS Operating Result rose substantially, supported by higher realized oil prices

    OMV Q2 2019 Results Conference Call, July 31, 2019 Slide 5: Clean CCS Operating Result rose substantially, supported by higher realized oil prices and strong operational performance Let’s now turn to more details of our financial performance in the second quarter of 2019. Our clean CCS Operating Res

  10. Slide 10: OMV Q2 2019 Results Conference Call, July 31, 2019 10/19 | OMV Group

    OMV Q2 2019 Results Conference Call, July 31, 2019 10/19 | OMV Group

  11. Slide 11: Upstream – Higher sales volumes and realized oil prices partially offset by weaker gas prices

    OMV Q2 2019 Results Conference Call, July 31, 2019 Slide 6: Upstream – Higher sales volumes and realized oil prices were partially offset by weaker gas prices Let me now come to the performance of our two business segments. The Upstream clean Operating Result increased by 192 million Euros to 650 mi

  12. Slide 12: OMV Q2 2019 Results Conference Call, July 31, 2019 12/19 | OMV Group

    OMV Q2 2019 Results Conference Call, July 31, 2019 12/19 | OMV Group

  13. Slide 13: Downstream – Solid operational performance and improved earnings

    OMV Q2 2019 Results Conference Call, July 31, 2019 Slide 7: Downstream – Solid operational performance and improved earnings, despite low refining margin and gas prices In Downstream, the clean CCS Operating Result increased by 89 million to 428 million Euros. The Downstream Oil result rose 34 perce

  14. Slide 14: OMV Q2 2019 Results Conference Call, July 31, 2019 14/19 | OMV Group

    OMV Q2 2019 Results Conference Call, July 31, 2019 xx 14/19 | OMV Group

  15. Slide 15: Increase of cash flow from operating activities excluding net working capital effects to EUR 2.2 bn in H1 2019

    OMV Q2 2019 Results Conference Call, July 31, 2019 Slide 8: Increase of cash flow from operating activities excluding net working capital effects to EUR 2.2 bn in H1 2019 Let’s now continue with cash flow. In the first half of 2019, the cash flow from operating activities excluding net working capit

  16. Slide 16: OMV Q2 2019 Results Conference Call, July 31, 2019 16/19 | OMV Group

    OMV Q2 2019 Results Conference Call, July 31, 2019 16/19 | OMV Group

  17. Slide 17: Healthy balance sheet and strong cash position

    OMV Q2 2019 Results Conference Call, July 31, 2019 Slide 9: Healthy balance sheet and strong cash position OMV’s balance sheet remained very healthy and showed strong liquidity with a cash position of 3.7 billion Euros at the end of the second quarter of 2019. Net debt slightly increased from 3.2 to

  18. Slide 18: OMV Q2 2019 Results Conference Call, July 31, 2019 18/19 | OMV Group

    OMV Q2 2019 Results Conference Call, July 31, 2019 18/19 | OMV Group

  19. Slide 19: Updated outlook 2019

    OMV Q2 2019 Results Conference Call, July 31, 2019 Slide 10: Updated outlook 2019 Let me conclude with an update of the outlook for the full year. We reconfirm our 2019 market assumptions for Brent oil at 65 Dollars per barrel and gas prices below the level of 2018. Based on the developments in the

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