Slide 1: OMV Petrom Q2/19 Results Conference Call, July 31, 2019
OMV Petrom Q2/19 Results Conference Call, July 31, 2019 Christina Verchere Chief Executive Officer and President of the Executive Board Alina Popa Chief Financial Officer The spoken word applies. Check against delivery. Page 1 of 25
Slide 2: Intro
OMV Petrom Q2/19 Results Conference Call, July 31, 2019 Christina Verchere – OMV Petrom – CEO Slide 1 – Intro Good afternoon, ladies and gentlemen, and a warm welcome from my side. It is a real pleasure to present to you today the second quarter of 2019 performance of OMV Petrom. Page 2 of 25
Slide 3: Legal Disclaimer
OMV Petrom Q2/19 Results Conference Call, July 31, 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 25
Slide 4: OMV Petrom Q2/19 Results Conference Call, July 31, 2019
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Slide 5: Economic environment
OMV Petrom Q2/19 Results Conference Call, July 31, 2019 Slide 3 – Economic environment Let me start with slide 3, where we provide an overview of the commodities and exchange rates environment, as well as some macroeconomic, energy, and regulatory environment highlights for Romania in the second qua
Slide 6: Economic environment (continued)
OMV Petrom Q2/19 Results Conference Call, July 31, 2019 increased by 4.5 percent year-on-year, while the demand for gas and for power increased by an estimated 2 percent. On the regulatory environment, there was an update in the methodology for the reference price for oil royalties. From May 10, thi
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Slide 8: OMV Petrom Q2/19 Results Conference Call, July 31, 2019
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Slide 9: Key messages Q2/19
OMV Petrom Q2/19 Results Conference Call, July 31, 2019 Slide 4 – Key messages Q2/19 On slide 4, we present some key highlights regarding our performance in the second quarter of 2019 and the recent developments in our projects. Clean CCS Operating Result was 1.0 billion RON, 36 percent higher than
Slide 10: Key messages Q2/19 (continued)
OMV Petrom Q2/19 Results Conference Call, July 31, 2019 of the regulatory framework, competitive and stable fiscal terms and a liberalized gas market. These are key requirements and should be provided as soon as possible, in order to allow multibillion investments so necessary for Romania’s gas supp
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Slide 12: OMV Petrom Q2/19 Results Conference Call, July 31, 2019
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Slide 13: Operational KPIs
OMV Petrom Q2/19 Results Conference Call, July 31, 2019 Slide 5 – Operational KPIs On slide 5, I would like to present to you the evolution of some operational KPIs in the second quarter of 2019 for each business segment. Let me start with Upstream. Our OPEX in USD per barrel of oil equivalent was 1
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Slide 15: CAPEX and E&A
OMV Petrom Q2/19 Results Conference Call, July 31, 2019 Slide 6 – CAPEX and E&A Slide 6 provides an overview of CAPEX and exploration and appraisal activities for the first six months of 2019 and the outlook for the full year. In the first six months of 2019, our total CAPEX was around 1.7 billion R
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Slide 17: Income Statement highlights
OMV Petrom Q2/19 Results Conference Call, July 31, 2019 Slide 8 – Income Statement highlights Thank you, Christina, and good afternoon to you all. I will continue the presentation with slide 8, starting with some highlights of the Income Statement, with focus on the developments of the second quarte
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Slide 19: Clean CCS Operating Result
OMV Petrom Q2/19 Results Conference Call, July 31, 2019 Slide 9 – Clean CCS Operating Result Let me go on to slide 9, which shows the major building blocks for the development of the Clean CCS Operating Result in the second quarter of 2019. I will start with Upstream, where the positive market effec
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Slide 21: Cash Flow highlights
OMV Petrom Q2/19 Results Conference Call, July 31, 2019 Slide 10 – Cash Flow highlights On slide 10, I would like to continue with the highlights of our cash flow statement. In the second quarter of 2019, we achieved an operating cash flow of about 1.4 billion RON, 3 percent higher year-on-year. Thi
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Slide 23: Outlook 2019
OMV Petrom Q2/19 Results Conference Call, July 31, 2019 Slide 11 – Outlook 2019 Let me finish our presentation with the outlook for the full year 2019, on slide 11. Here I would like to highlight our main market assumptions for the full year and how they compare to the actual figures for 2018. For 2
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