Omv Petrom Sa · BVB:SNP
Omv Petrom Sa — Q2 2025 Earnings Presentation
18 slides from Omv Petrom Sa's earnings presentation, Jul 31, 2025
Slide 1: OMV Petrom Q2/25 Results
OMV Petrom Q2/25 Results Christina Verchere, CEO July 31, 2025 Picture: OMV Petrom inaugurated the largest electric charging hub in Romania for all types of vehicles, including heavy transport
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation does not, and is not intended to, constitute or form part of, and should not be construed as, constituting or forming part of, any actual offer to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares issued by the Company or any
Slide 3: Continued to deliver on our 2030 strategy
Strategy 2030 in action Continued to deliver on our 2030 strategy Black Sea Renewable power Biofuels & E-mobility Attractive dividends Neptun Deep • Signed acquisition of 50% interest • Start of construction of the • Base dividend paid in June: in Gabare project (400 MW, PV) SAF/HVO unit RON 0.0444/
Slide 4: Resilient performance supported by our integrated business
Key messages Q2/25 Resilient performance supported by our integrated business Clean CCS Op. result ● Resilient financial performance in RON 1.2 bn -14% yoy the context of volatile and highly regulated market Operating Cash Flow ● Planned maintenance activities in RON 2.0 bn all business divisions +9
Slide 5: Volatile market environment
Commodity prices Volatile market environment Oil prices FX OMV Petrom indicator refining margin USD/bbl RON/USD, RON/EUR USD/bbl 5.0 5.0 5.0 5.0 5.0 9.7 10.3 4.6 4.7 4.7 8.2 4.5 4.4 7.4 7.1 85 80 75 76 68 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Avg USD/RON Avg EUR/RON Avg Brent p
Slide 6: Mixed evolution of demand for our products
Romanian environment Mixed evolution of demand for our products 2.1% 0.9% 0.3% 1.4% GDP 20231 20241 Q1/251 2025e2 5.1% 5.7% 4.6% Inflation (CPI) Dec 24/Dec 23 Jun 25/Jun 243 2025e3 Romania at investment grade by major rating agencies 4 Demand Q2/25 yoy 6m/25 yoy 2024 vs 2019 Fuels5 stable stable +17
Slide 7: Start of liberalization of the energy market
Romanian regulatory framework Start of liberalization of the energy market Applicable regulations Highly regulated gas sales portfolio ● Power sector liberalization: starting July 1st, with state support Q2/25 Q1/25 to be provided to vulnerable consumers 12% 20% 13% ● Gas sector remains regulated: u
Slide 8: E&P – performed planned maintenance
Divisional performance E&P – performed planned maintenance Main drivers for Q2/25 results Outlook 2025 ● Realized crude price -22% ● Hydrocarbon sales -8% ● Brent oil price: USD ~70/bbl (2024: 81/bbl) ● Higher production cost ● Production2: ~104 kboe/d (2024: 109 kboe/d) ● Production cost: USD >17/b
Slide 9: R&M – good performance in the context of planned shutdown
Divisional performance R&M – good performance in the context of planned shutdown Main drivers for Q2/25 results Outlook 2025 ● Lower refinery utilization rate ● Refining margin: USD ~8/bbl (2024: USD 9/bbl) ● Refined products sales -9% ● Refinery utilization: 90-95% (2024: 97%) ● Retail fuels demand
Slide 10: G&P – improved performance
Divisional performance G&P – improved performance Main drivers for Q2/25 results Outlook 2025 ● Higher gas sales volumes ● Demand for gas in Romania: slightly higher yoy ● Higher gas margins ● Demand for power in Romania: stable yoy ● Higher power production ● Total gas sales volumes: stable yoy ● H
Slide 11: OMV Petrom Q2/25 Results
OMV Petrom Q2/25 Results Alina Popa, CFO July 31, 2025
Slide 12: Resilient results; strong cash generation
Financials Resilient results; strong cash generation Clean CCS Operating Result Cash Flow from Operating Activities RON bn RON bn +91% +16% -14% -22% 1.1 4.0 2.0 4.7 1.4 3.1 0.4 2.5 1.2 1.9 1.4 0.7 0.1 4.8 3.7 1.2 0.9 0.6 0.4 0.6 0.5 1.0 0.8 0.7 1.6 1.5 -1.2 -1.2 0.0 0.0 0.0 -0.1 -0.1 -0.1 Q2/24 Q2/
Slide 13: Progressing in the most investment intensive period in our history
CAPEX Progressing in the most investment intensive period in our history Group CAPEX1 RON bn per business segment <8.6 <8.6 6m/25 2025E 7.2 7.2 ● RON 3.3 bn: ● RON up to 8.6 bn: ● Neptun Deep project in execution ● Neptun Deep project 4.7 phase ● Wells and sidetracks: 3.6 ● 15 new wells and sidetrac
Slide 14: Guidance for 2025-2027
Outlook Guidance for 2025-2027 Indicators Actual Assumptions / Targets Assumptions / Targets 6m/25 2025 2026-2027 averages1 Brent oil price USD 72/bbl USD ~70/bbl USD ~75/bbl Production 2 105 kboe/d ~104 kboe/d <130 kboe/d Refining margin USD 9.2/bbl USD ~8/bbl USD ~8/bbl (prev. USD 7-8/bbl) CAPEX R
Slide 15: Q&A
Q&A July 31, 2025
Slide 16: Back-up
Back-up July 31, 2025
Slide 17: EBIT impact in 2025
Sensitivities EBIT impact in 2025 2025 sensitivities Change EBIT impact Brent oil price USD +1/bbl ~EUR +15 mn OMV Petrom indicator refining margin USD +1/bbl ~EUR +30 mn Exchange rates EUR/USD USD appreciation by 10 USD cents ~EUR +90 mn 17 OMV Petrom Q2/25 Results
Slide 18: @ OMV Petrom
@ OMV Petrom