Omv Petrom Sa · BVB:SNP

Omv Petrom Sa — Q4 2018 Earnings Presentation

31 slides from Omv Petrom Sa's earnings presentation, Feb 6, 2019

  1. Slide 1: OMV Petrom Q4/18 Results Conference Call, February 6, 2019

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Christina Verchere Chief Executive Officer and President of the Executive Board Stefan Waldner Chief Financial Officer The spoken word applies. Check against delivery. Page 1 of 31

  2. Slide 2: Intro

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Christina Verchere – OMV Petrom – CEO Slide 1 – Intro Good afternoon, ladies and gentlemen, and a warm welcome from my side. Thank you for joining us today. Page 2 of 31

  3. Slide 3: Legal Disclaimer

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Slide 2 – Legal Disclaimer Before I start the actual presentation, please let me draw your attention to our Legal Disclaimer, which you can read in detail on slide 2. Page 3 of 31

  4. Slide 4: OMV Petrom Q4/18 Results Conference Call, February 6, 2019

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Page 4 of 31

  5. Slide 5: Economic environment

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Slide 3 – Economic environment Let me start with slide 3, where we provide an overview of the commodities and exchange rates environment. Market conditions remained supportive for Upstream, although crude prices decreased compared to the thi

  6. Slide 6: OMV Petrom Q4/18 Results Conference Call, February 6, 2019

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Page 6 of 31

  7. Slide 7: Romanian environment

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Slide 4 – Romanian environment On slide 4, we provide some macroeconomic, energy and regulatory environment highlights for Romania. Romania continues to enjoy high GDP growth rates, but the pace of both domestic consumption and industry grow

  8. Slide 8: OMV Petrom Q4/18 Results Conference Call, February 6, 2019

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Page 8 of 31

  9. Slide 9: Key messages Q4/18

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Slide 5 – Key messages Q4/18 On slide 5, we present some key highlights of the fourth quarter of 2018 and recent developments in our strategic projects. Our Clean CCS Operating Result was 1.4 billion RON, more than double year-on-year, refle

  10. Slide 10: OMV Petrom Q4/18 Results Conference Call, February 6, 2019

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Page 10 of 31

  11. Slide 11: Operational KPIs

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Slide 6 – Operational KPIs On slide 6, I would like to present to you some operational KPIs for each business segment. Let me start with Upstream. Our OPEX in USD per barrel of oil equivalent in the fourth quarter of 2018 was 10.7, 14 percen

  12. Slide 12: OMV Petrom Q4/18 Results Conference Call, February 6, 2019

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Page 12 of 31

  13. Slide 13: CAPEX and E&A

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Slide 7 – CAPEX and E&A Slide 7 provides an overview of CAPEX and exploration and appraisal activities, including an outlook for 2019. In 2018, we continued to ramp up investments, thus our total CAPEX was around 4.3 billion RON, 44 percent

  14. Slide 14: Handover to CFO

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Let me now hand over to Stefan, who will go into the financials and the outlook for the year 2019 in greater detail. Page 14 of 31

  15. Slide 15: This page is left blank intentionally

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 This page is left blank intentionally. Page 15 of 31

  16. Slide 16: OMV Petrom Q4/18 Results Conference Call, February 6, 2019

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Page 16 of 31

  17. Slide 17: Income Statement highlights

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Slide 9 – Income Statement highlights Thank you, Christina, and good afternoon to you all. I will continue the presentation with slide 9, starting with some highlights of the Income Statement, with a focus on the developments of the fourth q

  18. Slide 18: OMV Petrom Q4/18 Results Conference Call, February 6, 2019

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Page 18 of 31

  19. Slide 19: Special items and CCS effect

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Slide 10 – Special items and CCS effect On slide 10, we bridge the Clean CCS Operating Result to the Reported Operating Result. For the fourth quarter of 2018, we recorded inventory holding losses amounting to (81) million RON due to decreas

  20. Slide 20: OMV Petrom Q4/18 Results Conference Call, February 6, 2019

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Page 20 of 31

  21. Slide 21: Clean CCS Operating Result

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Slide 11 – Clean CCS Operating Result Let me move on to slide 11, which shows the major building blocks for the development of the Clean CCS Operating Result in the fourth quarter of 2018. I will start with Upstream. The increase in the real

  22. Slide 22: Brazi plant record production

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 The Brazi plant generated a record high production in 2018, thus contributing significantly to Romania’s security of power supply in the context of a colder winter, with higher power consumption. Our integrated business model allowed us to c

  23. Slide 23: This page is left blank intentionally

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 This page is left blank intentionally. Page 23 of 31

  24. Slide 24: OMV Petrom Q4/18 Results Conference Call, February 6, 2019

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Page 24 of 31

  25. Slide 25: Cash Flow highlights

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Slide 12 – Cash Flow highlights On slide 12, I would like to continue with the highlights of our cash flow statement. In the fourth quarter of 2018, we achieved an operating cash flow of about 1.8 billion RON, 21 percent up year-on-year; thi

  26. Slide 26: OMV Petrom Q4/18 Results Conference Call, February 6, 2019

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Page 26 of 31

  27. Slide 27: 2018 Dividend proposal

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Slide 13 – 2018 Dividend proposal: EUR 329 mn On slide 13, let me highlight once more that we, the Executive Board of OMV Petrom, are committed to delivering a competitive shareholder return, also by paying an attractive dividend. Based on t

  28. Slide 28: OMV Petrom Q4/18 Results Conference Call, February 6, 2019

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Page 28 of 31

  29. Slide 29: Outlook 2019

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Slide 14 – Outlook 2019 Let me finish our presentation with the outlook for the full year 2019, on slide 14. Here I would like to highlight our main market assumptions for the full year 2019 and how they compare to the actual figures for 201

  30. Slide 30: OMV Petrom Q4/18 Results Conference Call, February 6, 2019

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Page 30 of 31

  31. Slide 31: OMV Petrom Q4/18 Results Conference Call, February 6, 2019

    OMV Petrom Q4/18 Results Conference Call, February 6, 2019 Page 31 of 31

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