Omv Ag · VIE:OMV

Omv — OMV Aktiengesellschaft — Q1 2022 Earnings Presentation

21 slides from Omv's earnings presentation, Apr 29, 2022

  1. Slide 1: OMV Q1 2022 Results Conference Call

    OMV Q1 2022 Results Conference Call April 29, 2022 OMV Aktiengesellschaft Alfred Stern Chairman of the Executive Board and CEO The spoken word applies 1/21 | OMV Group

  2. Slide 2: OMV Q1 2022 Results Conference Call, April 29, 2022 2/21 | OMV Group

    OMV Q1 2022 Results Conference Call, April 29, 2022 2/21 | OMV Group

  3. Slide 3: Opening remarks: Russia's invasion of Ukraine and market impact

    OMV Q1 2022 Results Conference Call, April 29, 2022 Ladies and gentlemen, good morning and thank you for joining us. The first quarter of 2022 was dominated by Russia’s invasion of Ukraine, an event which substantially impacted markets globally and caused extreme volatility. The war in Ukraine produ

  4. Slide 4: OMV Q1 2022 Results Conference Call, April 29, 2022 4/21 | OMV Group

    OMV Q1 2022 Results Conference Call, April 29, 2022 4/21 | OMV Group

  5. Slide 5: Macro environment – stronger oil and gas prices, rising refining margins

    OMV Q1 2022 Results Conference Call, April 29, 2022 Slide 3: Macro environment – substantially stronger oil and gas prices, rising refining margins, and healthy chemical margins Brent prices increased considerably during the quarter, averaging 102 dollars per barrel, which is 67 percent higher year-

  6. Slide 6: OMV Q1 2022 Results Conference Call, April 29, 2022 6/21 | OMV Group

    OMV Q1 2022 Results Conference Call, April 29, 2022 6/21 | OMV Group

  7. Slide 7: Key messages

    OMV Q1 2022 Results Conference Call, April 29, 2022 Slide 4: Key messages We were able to start the year with a strong financial performance. Our clean CCS Operating Result rose sharply to 2.6 billion euros and the cash flow from operating activities – excluding net working capital effects – soared

  8. Slide 8: OMV Q1 2022 Results Conference Call, April 29, 2022 8/21 | OMV Group

    OMV Q1 2022 Results Conference Call, April 29, 2022 8/21 | OMV Group

  9. Slide 9: Clean CCS Operating Result – strong earnings driven by higher E&P contribution

    OMV Q1 2022 Results Conference Call, April 29, 2022 Slide 5: Clean CCS Operating Result – strong earnings driven primarily by a substantially higher E&P contribution Let’s now turn to our financial performance in the first quarter of this year. Our clean CCS Operating Result rose sharply to 2.6 bill

  10. Slide 10: OMV Q1 2022 Results Conference Call, April 29, 2022 10/21 | OMV Group

    OMV Q1 2022 Results Conference Call, April 29, 2022 10/21 | OMV Group

  11. Slide 11: Chemicals & Materials – strong nitrogen business and higher polyolefin margins

    OMV Q1 2022 Results Conference Call, April 29, 2022 Slide 6: Chemicals & Materials – strong performance of the nitrogen business and increased realized polyolefin margins Let me now discuss the performance of our business segments. The clean Operating Result of Chemicals & Materials increased by 32

  12. Slide 12: OMV Q1 2022 Results Conference Call, April 29, 2022 12/21 | OMV Group

    OMV Q1 2022 Results Conference Call, April 29, 2022 12/21 | OMV Group

  13. Slide 13: Refining & Marketing – stronger refining margins

    OMV Q1 2022 Results Conference Call, April 29, 2022 Slide 7: Refining & Marketing – substantially stronger refining margins, partly offset by higher utilities and crude cost and lower retail contribution The clean CCS Operating Result in Refining & Marketing increased by 279 million to 357 million e

  14. Slide 14: OMV Q1 2022 Results Conference Call, April 29, 2022 14/21 | OMV Group

    OMV Q1 2022 Results Conference Call, April 29, 2022 xx 14/21 | OMV Group

  15. Slide 15: Exploration & Production – stronger oil and gas prices

    OMV Q1 2022 Results Conference Call, April 29, 2022 Slide 8: Exploration & Production – significantly stronger oil and gas prices partly offset by hedging losses and change of consolidation method for Russia The Clean Operating Result of Exploration & Production rose to almost 1.8 billion euros from

  16. Slide 16: OMV Q1 2022 Results Conference Call, April 29, 2022 16/21 | OMV Group

    OMV Q1 2022 Results Conference Call, April 29, 2022 16/21 | OMV Group

  17. Slide 17: Cash flow from operating activities excluding net working capital effects doubled

    OMV Q1 2022 Results Conference Call, April 29, 2022 Slide 9: Cash flow from operating activities excluding net working capital effects in Q1/22 doubled Turning to cash flow, our first-quarter operating cash flow ─ excluding net working capital effects ─ amounted to 3.4 billion euros, thus almost dou

  18. Slide 18: OMV Q1 2022 Results Conference Call, April 29, 2022 18/21 | OMV Group

    OMV Q1 2022 Results Conference Call, April 29, 2022 18/21 | OMV Group

  19. Slide 19: Strong balance sheet – leverage ratio comfortably below 30%

    OMV Q1 2022 Results Conference Call, April 29, 2022 Slide 10: Strong balance sheet – leverage ratio comfortably below 30% Thanks to the excellent free cash flow generation in the first quarter, we were able to reduce net debt by around 800 million to 5.2 billion euros. In the first quarter, OMV incu

  20. Slide 20: OMV Q1 2022 Results Conference Call, April 29, 2022 20/21 | OMV Group

    OMV Q1 2022 Results Conference Call, April 29, 2022 20/21 | OMV Group

  21. Slide 21: Updated outlook 2022

    OMV Q1 2022 Results Conference Call, April 29, 2022 Slide 11: Updated outlook 2022 Let me conclude with an update of our outlook for this year. Based on the developments we have seen so far, we now expect an average Brent price around 95 dollars per barrel for 2022. We have also revised our expectat

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