Slide 1: Q1 2025 Results Conference Call
Q1 2025 Results Conference Call Reinhard Florey Chief Financial Officer April 30, 2025
Slide 2: Disclaimer
Disclaimer © 2025 OMV Aktiengesellschaft, all rights reserved, no reproduction without our explicit consent. This presentation contains forward-looking statements. Forward-looking statements may be identified by the use of terms such as “outlook”, “believe”, “expect”, “anticipate”, “intend”, “plan”,
Slide 3: Macro environment
Macro environment Oil prices Gas prices USD/bbl EUR/MWh Q1 2025 vs. Q1 2024 Average Brent price Average realized crude price Trading Hub Europe (THE) Realized gas price 48 44 31 35 Brent oil –9% 28 38 83 85 31 80 76 23 25 75 22 79 81 78 72 73 THE gas price +73% Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q1/24 Q2
Slide 4: Overview Q1 2025
Overview Q1 2025 Operational performance Clean CCS Clean CCS EPS Cash flow from Q1 2025 vs. Q1 2024 Operating Result EUR operating activities EUR mn EUR mn Polyolefin sales volumes incl. JVs 1,483 -22% 1,375 2.13 -41% 1,823 -26% +10% 129 81 112 1,160 1.70 303 1,357 Fuel sales volumes 126 1,241 117 1
Slide 5: Delivering the Strategy 2030 – Borouge Group International
Delivering the Strategy 2030 – Borouge Group International • Fourth-largest polyolefins player globally1 with access to the largest and most attractive and growing markets (Americas, Europe, Middle East, Asia) • Joint control; OMV to inject EUR 1.6 bn2 cash into BGI to equalize ownership • Highly co
Slide 6: Delivering the Strategy 2030 – Neptun Deep and ReOil
Delivering the Strategy 2030 – Neptun Deep and ReOil® Start of drilling at the Neptun Deep Successful start-up of the 16,000 t project ReOil® plant Q1 2025 CONFERENCE CALL, APRIL 30, 2025 6
Slide 7: Chemicals – lower realized margins compensated by Borealis reclassification
Chemicals – lower realized margins compensated for by positive impact of Borealis reclassification Clean Operating Result EUR mn • Market environment –3 − Higher olefin indicator margins (ethylene +11%, propylene +15%) 11 − Higher polyolefin indicator margins (PE +11%, PP –3%) 57 • Operational effec
Slide 8: F&F – significantly lower refining margins and decreased ADNOC result
F&F – significantly lower refining margins and decreased ADNOC Refining & Global Trading result Clean CCS Operating Result EUR mn –187 • Refining indicator margin decreased by USD 4/bbl due to 303 lower middle distillate and gasoline cracks • Higher utilization rate Europe (92% vs. 85% in Q1/24) 110
Slide 9: Energy – significantly higher gas prices, lower Gas Marketing & Power
Energy – significantly higher gas prices, partially offset by lower Gas Marketing & Power result Clean Operating Result EUR mn • Market environment • Lower realized crude oil price (–8%), significantly higher realized natural gas price (+74%) –140 • Oil and gas production of 310 kboe/d (–42 kboe/d)
Slide 10: Strong cash flow from operations of EUR 1.4 bn
Strong cash flow from operations of EUR 1.4 bn EUR bn 1.9 • Cash flow from operating activities excluding net working Q1/24 Q4/24 Q1/25 capital effects to EUR 1.4 bn − Dividends received of EUR 80 mn (Q1/24: EUR 225 mn), 1.4 mostly from ADNOC Refining & Global Trading in both periods 1.2 1.0 − • Org
Slide 11: Strong balance sheet – low leverage ratio and high cash position
Strong balance sheet – low leverage ratio and high cash position EUR bn, % End of March 2025 9.3 OMV cash position EUR 6.5 bn 6.0 32% Net debt in EUR bn Leverage ratio End of March 2025 21% 3.2 3.2 OMV undrawn committed 2.2 2.1 credit facilities 12% 12% 8% 8% EUR 4.2 bn 2020 2021 2022 2023 2024 Q1 2
Slide 12: Updated outlook 2025
Updated outlook 2025 2023 2024 Q1 2025 FY 2025 Brent oil price (USD/bbl) 83 81 76 ~70 (previously ~75) THE (Trading Hub Europe) gas price (EUR/MWh) 41 35 48 40–45 OMV average realized gas price (EUR/MWh) 29 25 38 ~35 MARKET Ethylene indicator margin Europe (EUR/t) 507 505 529 ~520 Propylene indicato
Slide 13: Appendix
OMV GROUP Appendix
Slide 14: Chemicals – lower realized margins more than offset by Borealis reclassification
Chemicals – lower realized margins more than offset by positive impact of Borealis reclassification Clean Operating Result EUR mn • Market environment − Slightly higher olefin indicator margins (+4%) +45 − Slightly lower polyolefin indicator margins (PE +1%, PP –5%) 126 3 15 • Operational performanc
Slide 15: F&F – earnings impacted by seasonally lower Marketing result
F&F – earnings impacted by seasonally lower Marketing result Clean CCS Operating Result EUR mn +5 • Slightly higher refining indicator margin by USD 0.75/bbl 22 • Slightly higher refinery utilization rate Europe (+2 pp) 25 117 112 2 • Lower retail performance due to seasonally lower sales volumes an
Slide 16: Energy – stronger contribution driven by higher sales in Libya
Energy – stronger contribution driven by higher sales in Libya and improved Gas Marketing & Power Clean Operating Result EUR mn • Almost stable realized crude oil price (+1%), higher realized gas –331 price (+25%) • Oil and gas production of 310 kboe/d (–27 kboe/d) 1,241 64 − Divestment of Malaysia
Slide 17: Strong balance sheet
Strong balance sheet Balance sheet Mar. 31, 2025, vs. Dec. 31, 2024 EUR bn 48.8 49.1 49.1 48.8 Balance Sheet Q1/25 significantly impacted by reclassification to held for sale of Borealis 16.5 Stockholders’ equity disposal group (excluding Borouge investments) and hybrid capital 17.7 17.9 Tangible &
Slide 18: Sensitivities of OMV Group results in 2025
Sensitivities of OMV Group results in 2025 Annual impact excl. hedging Clean CCS Operating EUR mn Operating Result cash flow Brent oil price (USD +1/bbl) +50 +35 Realized gas price (EUR +1/MWh) +45 +30 OMV refining indicator margin Europe (USD +1/bbl) +110 +100 Ethylene indicator margin Europe (EUR
Slide 19: OMV GROUP
OMV GROUP