Omv Ag · VIE:OMV

Omv — OMV Aktiengesellschaft — Q1 2019 Earnings Presentation

19 slides from Omv's earnings presentation, May 3, 2019

  1. Slide 1: OMV Q1 2019 Results Conference Call

    OMV Q1 2019 Results Conference Call May 3, 2019 OMV Aktiengesellschaft Rainer Seele Chairman of the Executive Board and CEO The spoken word applies 1/19 | OMV Group

  2. Slide 2: OMV Q1 2019 Results Conference Call, May 3, 2019 2/19 | OMV Group

    OMV Q1 2019 Results Conference Call, May 3, 2019 2/19 | OMV Group

  3. Slide 3: Macro environment – Brent and gas prices down, weaker refining margins

    OMV Q1 2019 Results Conference Call, May 3, 2019 Ladies and gentlemen, good afternoon and thank you for joining us today. The start to 2019 was solid, but softer than expected, given a weaker macro environment and the difficult security situation in Libya. Let me start by briefly reviewing the econo

  4. Slide 4: OMV Q1 2019 Results Conference Call, May 3, 2019 4/19 | OMV Group

    OMV Q1 2019 Results Conference Call, May 3, 2019 4/19 | OMV Group

  5. Slide 5: Key messages Q1 2019

    OMV Q1 2019 Results Conference Call, May 3, 2019 Slide 4: Key messages Q1 2019 Let me briefly point out the key developments of the first quarter of 2019. The weaker economic environment and the temporary shutdown of the El Sharara field in Libya negatively impacted our Upstream earnings. On the oth

  6. Slide 6: OMV Q1 2019 Results Conference Call, May 3, 2019 6/19 | OMV Group

    OMV Q1 2019 Results Conference Call, May 3, 2019 6/19 | OMV Group

  7. Slide 7: Clean CCS Operating Result impacted by security situation in Libya and higher depreciation

    OMV Q1 2019 Results Conference Call, May 3, 2019 Slide 5: Clean CCS Operating Result impacted by security situation in Libya and higher depreciation Let’s now turn to our financial performance in the first quarter of 2019. The Clean CCS Operating Result came in at 759 million Euros, down 7 percent c

  8. Slide 8: OMV Q1 2019 Results Conference Call, May 3, 2019 8/19 | OMV Group

    OMV Q1 2019 Results Conference Call, May 3, 2019 8/19 | OMV Group

  9. Slide 9: Upstream – Missing earnings contribution from Libya and higher depreciation

    OMV Q1 2019 Results Conference Call, May 3, 2019 Slide 6: Upstream – Missing earnings contribution from Libya and higher depreciation partially compensated by higher realized prices Let me now come to the performance of our two business segments. The Upstream Clean Operating Result decreased by 45 m

  10. Slide 10: OMV Q1 2019 Results Conference Call, May 3, 2019 10/19 | OMV Group

    OMV Q1 2019 Results Conference Call, May 3, 2019 10/19 | OMV Group

  11. Slide 11: Downstream – Solid operational performance and resilient earnings

    OMV Q1 2019 Results Conference Call, May 3, 2019 Slide 7: Downstream – Solid operational performance and resilient earnings In Downstream, the Clean CCS Operating Result was almost flat at 374 million Euros. The Downstream Oil result increased by 17 million Euros to 299 million Euros, despite lower

  12. Slide 12: OMV Q1 2019 Results Conference Call, May 3, 2019 12/19 | OMV Group

    OMV Q1 2019 Results Conference Call, May 3, 2019 12/19 | OMV Group

  13. Slide 13: Strong cash generation from operating activities of EUR 1.2 bn

    OMV Q1 2019 Results Conference Call, May 3, 2019 Slide 8: Strong cash generation from operating activities of EUR 1.2 bn, excluding net working capital effects Let’s now continue with cash flow. The first quarter was again strong with an operating cash flow of 1.2 billion Euros, excluding net workin

  14. Slide 14: OMV Q1 2019 Results Conference Call, May 3, 2019 14/19 | OMV Group

    OMV Q1 2019 Results Conference Call, May 3, 2019 14/19 | OMV Group

  15. Slide 15: IFRS 16 impact on OMV Group

    OMV Q1 2019 Results Conference Call, May 3, 2019 Slide 9: IFRS 16 impact on OMV Group As you know, IFRS 16 is effective since January 1 of this year. I would like to explain to you the impact of this new standard on OMV. IFRS 16 eliminates the distinction between an operating lease and a finance lea

  16. Slide 16: OMV Q1 2019 Results Conference Call, May 3, 2019 16/19 | OMV Group

    OMV Q1 2019 Results Conference Call, May 3, 2019 16/19 | OMV Group

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

    OMV Q1 2019 Results Conference Call, May 3, 2019 Slide 10: 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 first quarter of 2019. Net debt increased to 3.2 billion Euros,

  18. Slide 18: OMV Q1 2019 Results Conference Call, May 3, 2019 18/19 | OMV Group

    OMV Q1 2019 Results Conference Call, May 3, 2019 18/19 | OMV Group

  19. Slide 19: Outlook 2019

    OMV Q1 2019 Results Conference Call, May 3, 2019 Slide 11: Outlook 2019 Let me conclude with the outlook for 2019. We reconfirm our 2019 market assumptions for crude oil and gas prices communicated at the beginning of the year. Refining margins are now estimated to be below 5 Dollars per barrel, giv

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