Omv Petrom Sa · BVB:SNP

Omv Petrom Sa — Investor Presentation (October 2022)

88 slides from Omv Petrom Sa's investor presentation, October 2022

  1. Slide 1: Capital Market Story

    Capital Market Story October 2022 OMV Petrom S.A.

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    This page was left blank intentionally. 2 | OMV Petrom Capital Market Story – October 2022

  3. Slide 3: Contents

    Contents 1 | Investment proposition 2 | Strategy 2030 3 | Q2/22 results 4 | Outlook 2022 5 | FY21 results 6 | Appendix All figures throughout this presentation refer to OMV Petrom Group (hereinafter also referred to as “the Group”), unless otherwise stated; figures are rounded, and they may not add

  4. Slide 4: Disclaimer

    Disclaimer This presentation does not, and is not intended to, constitute or form part of, and None of the future projections, expectations, estimates or prospects in this should not be construed as, constituting or forming part of, any actual offer to sell presentation, including (without being lim

  5. Slide 5: Investment proposition

    Investment proposition OMV Petrom S.A.

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  7. Slide 7: OMV Petrom investment proposition: growth, dividends and sustainability

    OMV Petrom investment proposition: growth, dividends and sustainability Strong value creation Strong balance sheet Reduce carbon footprint Gearing ratio below 20% through the Net zero operations by 2050 period Rigorous capital discipline Sustainability at the core of our business CAPEX of EUR 11 bn1

  8. Slide 8: Committed to highly competitive dividend distribution over the strategic cycle

    Committed to highly competitive dividend distribution over the strategic cycle Dividend increase Special dividends Dividends p.a. on average % of operating cash flow1 In favorable market environment, at management discretion, provided that our 5%-10% CAPEX plans are funded. € ~40% DPS Dividend yield

  9. Slide 9: Our business model

    Our business model Moldova Ukraine Romania 69 Moldova Romania 160 48% 62% Production 1P reserves Black Sea 46 mn boe 419 mn boe 401 Refinery Serbia 52% 38% Gas-fired power plant Gas Oil 63 94 Bulgaria Bulgaria - Han Asparuh Bulgaria Refining & Marketing Gas & Power ► Petrobrazi refinery, 4.5 mn t/yr

  10. Slide 10: Shareholder structure and capital market environment

    Shareholder structure and capital market environment OMV Petrom S.A. shareholder structure1 Share price performance6 % Index Jan 2018 = 100 28% 51% 21% Share information Bucharest Stock Exchange Symbol SNP OMV2: Austria’s leading integrated international oil and gas company Ordinary shares 56,644,10

  11. Slide 11: Strategy 2030: Transforming for a lower carbon future

    1 | Strategy overview 2 | Energy context 3 | Transition to low and zero carbon Strategy 2030: 4 | Grow regional gas Transforming for a 5 | Optimize traditional business lower carbon future 6 | Financial frame OMV Petrom S.A.

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  13. Slide 13: OMV Petrom: transforming for a lower carbon future

    OMV Petrom: transforming for a lower carbon future  We will lead the energy transition in South-East Europe, capitalizing on emerging market opportunities  Romania is among the fastest growing economies in Europe, driving increasing energy demand  OMV Petrom is well placed to meet this demand wit

  14. Slide 14: OMV Petrom Strategy 2030: Transforming for a lower carbon future

    OMV Petrom Strategy 2030: Transforming for a lower carbon future Strong capital discipline & dividend policy Transition to low and zero carbon Energy transition leader for Romania and SEE Optimize traditional Grow regional business gas Innovation & People & Responsible Digitalization Communities ope

  15. Slide 15: Building a diversified, integrated energy transition business

    OMV Petrom: Building a diversified, integrated energy transition business OMV Petrom portfolio 2030 Clean CCS EBIT CAPEX % % 1 7 15 35 Renewable power Gas Biofuels 35 Gas based Alternative 20 power mobility 100 92 Fuels CCU&S Adding 50 45 5 low carbon Blue and Oil business activities green H2 by 203

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  17. Slide 17: Strategy 2030: Transforming for a lower carbon future

    1 | Strategy overview 2 | Energy context 3 | Transition to low and zero carbon Strategy 2030: 4 | Grow regional gas Transforming for a 5 | Optimize traditional business lower carbon future 6 | Financial frame OMV Petrom S.A.

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  19. Slide 19: Romania is one of Europe’s fastest growing economies

    Romania is one of Europe’s fastest growing economies, in a rapidly changing energy context European energy environment is going through Romanian GDP per capita set to significant transformation grow1 CAGR, % 4.3 3.4 Energy security Fit for 55 2.3 1.5 0.4 -0.5 2010-20 2021-30 Romania Other SEE EU Tec

  20. Slide 20: Strong growth in energy demand in Romania to 2030

    Strong growth in energy demand in Romania to 2030 Gas - household Power - household Gas demand Power demand consumption1 consumption1 Romania2 Romania2 MWh per capita MWh per capita TWh TWh 2.3 Romania Other SEE +20% -10% EU 1.7 1.6 1.5 121 +10% 1.0 +10% 60 0.4 2019 2019 2019 2030 2040 2019 2030 204

  21. Slide 21: Economic growth and rising living standards drive fuel consumption growth to 2030

    Economic growth and rising living standards drive fuel consumption growth to 2030 Motorization rate1 Diesel demand2,3 Gasoline demand2,3 Jet demand2,3 cars/1000 inhabitants mn t mn t mn t +20% +10% +5% -30% -15% +10% 12.9 2.6 1.1 570 1.0 2.4 0.9 10.8 2.2 440 9.0 360 Fossil Bio 2019 2019 2030 2040 20

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  23. Slide 23: Strategy 2030: Transforming for a lower carbon future

    1 | Strategy overview 2 | Energy context 3 | Transition to low and zero carbon Strategy 2030: 4 | Grow regional gas Transforming for a 5 | Optimize traditional business lower carbon future 6 | Financial frame OMV Petrom S.A.

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  25. Slide 25: Key directions to decarbonization

    Key directions to decarbonization Decarbonize current operations Expand lower carbon gas business Pursue new low and zero carbon business opportunities 25 | OMV Petrom Capital Market Story – October 2022

  26. Slide 26: Paving the way to Net Zero operations in 2050

    Paving the way to Net Zero operations in 2050 Scope 1 – 21 emissions Scope 1 – 2 carbon intensity2 mn t CO2 eq reduction % 4.9 -50% E&P Refining Power 4.3 -30% > 15% > 20% Gas & Power Refining & Marketing Exploration & Production > 70% 2010 2019 2030 -30% Actions aimed at reducing Scope 1 & 2 by 203

  27. Slide 27: Carbon intensity of energy supply to drop ~20% by 2030

    Carbon intensity of energy supply to drop ~20% by 2030 Scope 1 – 3 Net carbon intensity of energy supply g CO2 eq/MJ -35% 80 -20% 70  ~ 20% reduction in Scope 1-3 carbon emissions1  EU Taxonomy eligible CAPEX to reach 35%2  Lower and zero carbon energy for customers, to account for ~60% in total

  28. Slide 28: Photovoltaic

    Well positioned to capture Romania's solar potential and develop a renewable power portfolio Photovoltaic Renewable Opportunities OMV Petrom target total capacity, power including partnerships, GW Photovoltaic ► Romania: the highest solar potential in the region ► > 10% contribution to the 2030 tota

  29. Slide 29: Biofuels

    Biofuels to exceed 15% in our total fuel production in 2030 Biofuels Biofuel Opportunities OMV Petrom target capacity, kt/year Advanced ethanol: ► Romania: unique combination of straw availability and cost Cellulosic ethanol ► Upgrading agricultural residues with potential for carbon- 0 50 150 from

  30. Slide 30: Future mobility: capturing new energy mix opportunities

    Future mobility: capturing new energy mix opportunities Electro Mobility Charging points with alternative fuels Grow e-mobility offer and become the preferred partner for electric fleets > 500 H2 mobility Active contribution to the development of H2 mobility - solution to decarbonize heavy duty tran

  31. Slide 31: Unique opportunities in new energy technologies

    Unique opportunities in new energy technologies Carbon capture, utilization & storage Hydrogen ► Romania: significant on- & offshore long-term CO2 storage ► Romania: gas production and renewable energy availability - potential to be evaluated opportunity for blue and green H2 production ► OMV Petrom

  32. Slide 32: Investing in low and zero carbon businesses generating attractive return

    Investing in low and zero carbon businesses generating attractive return Future mobility (EV, H2, Gas) Capex1 Biofuels New technologies ~EUR 3.7 bn (CCS, H2 etc.) IRR 9-15% Renewable power 1 Projects selection and prioritization will be based on risk and return assessments, including regulatory deve

  33. Slide 33: Strategy 2030: Transforming for a lower carbon future

    1 | Strategy overview 2 | Energy context 3 | Transition to low and zero carbon Strategy 2030: 4 | Grow regional gas Transforming for a 5 | Optimize traditional business lower carbon future 6 | Financial frame OMV Petrom S.A.

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  35. Slide 35: Neptun Deep: a strategic gas project for OMV Petrom

    Neptun Deep: a strategic gas project for OMV Petrom OMV Petrom’s perspective1 FID2 2023 Estimated ~50 mid-year recoverable resources bcm Net to OMV Petrom First Gas2 2027 Neptun Deep Production at plateau ~70 Development CAPEX <2 kboe/d EUR bn Net to OMV Net to OMV Petrom Petrom Black Sea  Operator

  36. Slide 36: Build additional opportunities in the Black Sea

    Build additional opportunities in the Black Sea New offshore exploration wells 2-4 By 2030 Exploration expenditures EUR mn ~30 Annual average 2022-2030 Bulgaria – Han Asparuh  OMV Petrom (42.9%), TotalEnergies (57.1% Operator) Black Sea  Status: 5,000 km2 3D seismic data processing Bulgaria - Han

  37. Slide 37: Strategy 2030: Transforming for a lower carbon future

    1 | Strategy overview 2 | Energy context 3 | Transition to low and zero carbon Strategy 2030: 4 | Grow regional gas Transforming for a 5 | Optimize traditional business lower carbon future 6 | Financial frame OMV Petrom S.A.

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  39. Slide 39: Maximize potential of current E&P assets

    Maximize potential of current E&P assets Focus on most profitable Value over volume Strict cost management barrels  Maximize economic recovery:  Enhance competitiveness  Portfolio optimization through cost optimization  > 400 workovers p.a.  Disciplined approach on  Streamline footprint and ca

  40. Slide 40: Transforming while delivering strong cash flows

    Transforming while delivering strong cash flows Hydrocarbon production Production cost Operating cash flow kboe/d USD/boe USD/boe > 160 -35% 138 > 5% 30% ~13 CAGR 11 ~100 46% 50% ~7 11 70% 54% 50% 2020 2025 2030 2020 2025 2030 2020 2025 2030 Gas Oil 40 | OMV Petrom Capital Market Story – October 202

  41. Slide 41: Petrobrazi to capture demand growth

    Petrobrazi to capture demand growth Refinery utilization1 > 95 % Annual average 2022-2030 Expand aromatics kt/year +50 2026 Black liquid products yield2 -50% 2030 vs 2020 Bottom of the barrel upgrade3 ~200 kt/year 2030 1 Refers to crude distillation unit; 2 Fuel oil yield decreases from 6% in 2020;

  42. Slide 42: Dual brand strategy to drive new value

    Dual brand strategy to drive new value Customer focus Throughput per filling station1 Profitability per filling station2 Non-fuel business margin2 mn l k EUR EUR mn 20% 20% 100% 5 80 2020 2025 2030 2020 2025 2030 2020 2025 2030 1 In Romania ; 2 Data refer to OMV Petrom operating region which include

  43. Slide 43: Mobility services of the future

    Mobility services of the future #The future is diverse #Mobility and service hub #Digitally enabled smart mobility Customer access – is a competitive Service stations – enable our network One single digital gate to our brand – advantage which will allow us to make to increase receptiveness to custom

  44. Slide 44: Support gas and power customers in their energy transition

    Support gas and power customers in their energy transition Total gas sales TWh 70 2030 Customers increase 20x 2030 vs 2020 Net electrical output TWh/year > 3.5 Average 2022-2030 Green power sales volume % in total > 20% 2030 44 | OMV Petrom Capital Market Story – October 2022

  45. Slide 45: Strategy 2030: Transforming for a lower carbon future

    1 | Strategy overview 2 | Energy context 3 | Transition to low and zero carbon Strategy 2030: 4 | Grow regional gas Transforming for a 5 | Optimize traditional business lower carbon future 6 | Financial frame OMV Petrom S.A.

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  47. Slide 47: Our strategy is enabled by a resilient financial frame

    Our strategy is enabled by a resilient financial frame Rigorous capital Strong financial Attractive returns to discipline performance shareholders  CAPEX1 of ~EUR 11 bn  We target more than  5%-10% p.a. dividend  ~35% CAPEX for low & double clean CCS EBIT growth zero carbon business by 20302  D

  48. Slide 48: Rigorous capital discipline underpins strategic directions

    Rigorous capital discipline underpins strategic directions Average annual CAPEX per strategic pillar CAPEX breakdown per business segment EUR bn EUR bn 80% 1.3 1.3 1.1 1.1 IRR > 9% 0.7 0.7 IRR >12% IRR > 12% 2017-2021 2022-2025 2026-2030 2017-2021 2022-2025 2026-2030 Low and zero carbon Gas & Power

  49. Slide 49: Strong financial performance across the entire business

    Strong financial performance across the entire business Clean CCS EBIT Clean CCS EBIT Clean CCS ROACE per strategic pillar1 per business segment1 % EUR bn % > 1.5 5 > 12 40 9 ~ 0.7 7 10 0.5 60 55 33 67 30 2020 2025 2030 2020 2025 2030 2020 2025 2030 Low and zero carbon Gas & Power Regional gas Refin

  50. Slide 50: Resilience under downside-price scenario

    Resilience under downside-price scenario1 Clean CCS EBIT EUR bn Base case Downside scenario Under downside price scenario: > 1.5  2030 Clean CCS EBIT to double versus 2020  Commitment to pay progressive dividends ~1.0 maintained 0.7  CAPEX plans largely unchanged by 2030 0.5 0.5 0.4  Gearing rat

  51. Slide 51: We deliver sustainable long-term value for our shareholders

    We deliver sustainable long-term value for our shareholders Sustainable long-term value Attractive shareholder returns Delivering  ~35% CAPEX for low & zero carbon sustainable  5% - 10% p.a. growth in base dividend  Clean CCS EBIT more than double shareholder  Potential special dividends1 by 203

  52. Slide 52: Sensitivities and price assumptions

    Sensitivities and price assumptions 2022 sensitivities EBIT impact Price assumptions2 2022 - 2030 Brent oil price USD +1/bbl ~EUR +15 mn Brent oil 65 - 70 USD/bbl Equity gas price EUR +1/MWh ~EUR +101 mn Indicator refining margin 5-6 USD/bbl OMV Petrom indicator USD +1/bbl ~EUR +25 mn CO2 55 - 100 r

  53. Slide 53: Q2/22 results

    Q2/22 results OMV Petrom S.A.

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  55. Slide 55: Very high and volatile commodity prices

    Very high and volatile commodity prices Oil prices FX OMV Petrom indicator refining margin1 USD/bbl RON/USD, RON/EUR USD/bbl 4.9 4.9 4.9 4.9 4.9 24.4 4.6 4.3 4.4 18.3 4.1 4.2 114 102 80 78 90 69 67 74 71 79 7.2 7.5 4.3 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Avg USD/RON Avg EUR/R

  56. Slide 56: Challenging Romanian environment

    Challenging Romanian environment Geopolitical and regulatory context Romanian macro environment GDP strong  GDP: Q2/221: 5.3% yoy; H1/221: 5.8%; 2022e2:  War in Ukraine rebound +4.8% yoy; 2023e2: 3.4% ► Romania’s security of supply: relatively low dependency on energy imports Inflation on an  CPI

  57. Slide 57: Key messages Q2/22

    Key messages Q2/22 Strong financial performance Clean CCS Operating result Operating Cash Flow Clean CCS ROACE RON 3.7 bn RON 3.7 bn 26.9% +330% yoy +148% yoy vs. 7.4% in Q2/21 Good operational performance Strategic focus  Record high dividend to be paid in 2022, RON 4.5 bn1  Total refined product

  58. Slide 58: Continued focus on sustainability

    Continued focus on sustainability Energy efficiency GHG intensity index Planting for Romania projects ~10% lower EUR 36 mn ~EUR 1.5 mn 2021 vs. 2019 Invested in 2021 Invested in 2021 H1/22: downward trend G2P 1.75 MW Continue the largest privately continued installed funded forestation campaign Sust

  59. Slide 59: Good operational performance in the context of mixed market demand

    Good operational performance in the context of mixed market demand Exploration and Production Refining and Marketing Gas and Power Hydrocarbon production Refinery utilization rate Gas sales volumes kboe/d % TWh -10% -5% -5% -2% 134 123 122 121 120 100 101 12.3 12.7 98 11.2 11.1 11.0 65 91 61 60 58 5

  60. Slide 60: Increasing CAPEX

    Increasing CAPEX Group organic CAPEX1 RON bn 6m/22 2022E +40% Organic  RON 1.4 bn:  RON ~4.0 bn: ~4.0 CAPEX  21 new wells and sidetracks; >320  Wells and sidetracks: ~60; ~600 -7% workovers workovers 3.0  Energy efficiency and EOR projects  Coke drums replacement 2.8  Ongoing projects in the

  61. Slide 61: Income Statement: strong results

    Income Statement: strong results Clean CCS Operating Result RON bn +292% +330% 5.9  Q2/22 Clean CCS Operating Result reflects: 3.7 1.5 ► Significantly higher commodity prices and refining margin 0.8 1.8 1.2 1.5 ► Higher sales volumes for fuels and power 0.9 0.2 3.0 0.4 0.1 1.9 0.7 ► Higher taxes 0.

  62. Slide 62: Clean CCS Operating Results improved throughout all business segments

    Clean CCS Operating Results improved throughout all business segments E&P 1,889 RON mn -28 14 35  Realized crude price +74%  Higher gas price, partially offset by royalties and gas overtaxation 1,396  Positive FX effect on revenues 473  Lower production costs  Hydrocarbon sales -10% Q2/21 Marke

  63. Slide 63: Clean CCS Operating Results improved throughout all business segments

    Clean CCS Operating Results improved throughout all business segments E&P 2,995 RON mn -246 -5 86  Realized crude price +66%  Higher gas price, partially offset by royalties and gas overtaxation 2,376  Positive FX effect on revenues 784  Lower depreciation and production costs  Hydrocarbon sale

  64. Slide 64: Excellent cash flow generation

    Excellent cash flow generation Cash Flow from Operating Activities RON bn +148% +140% 3.7 6.4  Q2/22 Cash Flow from Operating Activities: ► Increase driven by Operating Result 1.5 4.5 2.7 7.8 ► Negative NWC, higher yoy 1.7 3.3 -0.2 -0.8 -0.6 -1.4 Q2/21 Q2/22 6m/21 6m/22 Cash generated from operatin

  65. Slide 65: Outlook 2022

    OMV Petrom S.A. @® OMV Petrom The energy for a better life.

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  67. Slide 67: Outlook

    Outlook Indicators Actual Actual Assumptions/ Targets 2021 6m/22 2022 Brent oil price USD 70.9/bbl USD 107.9/bbl USD >100/bbl (prev. USD 95/bbl) Production in 127 kboe/d1 120 kboe/d Decline <7% yoy1 Romania (prev. ~7% yoy) Refining margin2 USD 5.5/bbl USD 15.2/bbl USD >15/bbl (prev. significantly hi

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  69. Slide 69: FY21 results

    OMV Petrom S.A. @® OMV Petrom The energy for a better life.

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  71. Slide 71: Income Statement: results mainly supported by strong asset utilization and demand recovery

    Income Statement: results mainly supported by strong asset utilization and demand recovery Clean CCS Operating Result RON bn +90% 4.3  Q4/21 Clean CCS Operating Result reflects: +222% 2.3 ► Higher oil prices and refining margins 1.5 0.5 ► Excellent power performance Q4/20 Q4/21 2020 2021 Co&O and C

  72. Slide 72: Clean CCS Operating Results: improved oil price

    Clean CCS Operating Results: improved oil price E&P RON mn  Realized crude price +75% -640 -49 1,814 -96  Hydrocarbon sales -11% 2,592  Higher production costs  Higher exploration expenses 7  Negative FX effect 2020 Market effects1 Volume Exploration Other 2021 R&M and G&P RON mn  Significantl

  73. Slide 73: Strong cash flow generation

    Strong cash flow generation Cash Flow from Operating Activities RON bn +26% 7.0  Q4/21 Cash Flow from Operating Activities: 5.6 +62% ► Increase driven by Operating Result 4.6 7.4 2.0 ► Positive NWC, lower yoy 1.2 1.0 2.0 1.0 0.2 0.0 -0.4 Q4/20 Q4/21 2020 2021 Sources of funds Net Working Capital Fr

  74. Slide 74: Exploration & Production KPIs

    Exploration & Production KPIs Production cost Key drivers 2021 vs. 2020 +17% USD/boe 12.73 10.90 11.18 10.90 10.88  Lower production available for sale  Increased expenses  Unfavorable FX  Divestment of 40 marginal oil and gas fields in Romania 2017 2018 2019 2020 2021 Hydrocarbon production kbo

  75. Slide 75: Refining & Marketing KPIs

    Refining & Marketing KPIs OMV Petrom Indicator refining margin Key drivers 2021 vs. 2020 USD/bbl 7.75 +90% 6.28 5.47  Refining margin +90% due to better products spreads, 4.67 mainly for gasoline 2.89 2017 2018 2019 2020 2021 Retail sales volumes (mn t) and Retail Operating Result per filling stati

  76. Slide 76: Gas & Power KPIs

    Gas & Power KPIs Gas sales volumes Key drivers 2021 vs. 2020 TWh -14% -14% 54.8 57.0 51.4 48.9 47.3  Decrease from record high gas sales volumes in 2020  Lower equity gas quantities available 2017 2018 2019 2020 2021 Brazi net electrical output +15% TWh 4.8  Record high net electrical output 4.2

  77. Slide 77: Appendix

    ~-Appendix © OMV Petrom The energy for a better life.

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  79. Slide 79: Exploration and Production map

    Exploration and Production map 79 | OMV Petrom Capital Market Story – October 2022

  80. Slide 80: Romanian oil market overview in 2021

    Romanian oil market overview in 2021 Supply Refineries Distribution Production: Refineries Petrobrazi combined nameplate capacity ~13 mn tpa 33% Processed crude oil Transportation: Conpet ~9.95 mn t pa of which ~6.7 mn t from import Rompetrol (Petromidia, Vega) Imports: various 62% Lukoil (Petrotel)

  81. Slide 81: OMV Petrom Group

    OMV Petrom Group Retail fuel sales mn l Moldova 3,074 2,922 2,746 2,798 2,746 69 117 117 120 97 101 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Romania 170 171 175 147 177 401 160 Black Sea 2017 2018 2019 2020 2021 Bulgaria 63 Serbia 328 318 312 243 272 Total number of 787 2017 2018 2019 2020

  82. Slide 82: Romanian gas market overview in 2021

    Romanian gas market overview in 2021 Regulatory Supply Distribution Demand Regulatory Production: Storage: Supply: Heat & Power incl. Body Romgaz, Depomures Romanian Romgaz, … Energy Industry/ Regulatory Commercial Authority Romgaz, Distrigaz Sud (ANRE) Engie Romania, (Engie), 77% E.ON Energie Delga

  83. Slide 83: Romanian power market overview in 2021

    Romanian power market overview in 2021 Regulatory Supply Market(s) Distribution Demand Regulatory Production: Mid/long term fwd Body contract market(s) Coal 19% (OPCOM / bilateral) Romanian Energy Spot (DAM / ID) Internal market Regulatory Gas 18% Transport & market (OPCOM) Authority Distribution Di

  84. Slide 84: Cash flow Statement

    Cash flow Statement RON mn 2017 2018 2019 2020 2021 Cash flow from operating activities (CFO) 5,954 7,385 6,803 5,556 6,997 Thereof, Change in net working capital (NWC) -199 32 -256 964 -433 Cash flow from investing activities (CFI) -2,446 -4,261 -3,556 -3,163 -2,253 Cash flow from financing activit

  85. Slide 85: Income Statement

    Income Statement RON mn 2017 2018 2019 2020 2021 Sales 19,435 22,523 25,485 19,717 26,011 Clean CCS Operating Result 3,273 4,804 4,573 2,287 4,346 Thereof Exploration & Production 1,674 3,224 2,845 7 1,814 Refining & Marketing 1,533 1,335 1,501 1,454 2,041 Gas & Power 220 360 282 718 781 Corporate a

  86. Slide 86: Operating Result

    Operating Result RON mn 2017 2018 2019 2020 2021 Clean CCS Operating Result 3,273 4,804 4,573 2,287 4,346 Thereof Exploration & Production 1,674 3,224 2,845 7 1,814 Refining & Marketing 1,533 1,335 1,501 1,454 2,041 Gas & Power 220 360 282 718 781 Corporate and Other -74 -87 -89 -84 -87 Consolidatio

  87. Slide 87: Key financial indicators (consolidated)

    Key financial indicators (consolidated) in RON mn 2017 2018 2019 2020 2021 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Sales 19,435 22,523 25,485 19,717 26,011 4,861 5,264 6,920 8,965 11,898 13,683 Clean CCS Operating Result 3,273 4,804 4,573 2,287 4,346 653 851 1,341 1,500 2,241 3,660 Operating Result 1 3,

  88. Slide 88: Contact Investor Relations

    Contact Investor Relations OMV Petrom Investor Relations Tel: +40 372 161 930 E-mail: investor.relations.petrom@petrom.com Homepage: www.omvpetrom.com Financial calendar 2022 October 28: Q3 2022 results 88 | OMV Petrom Capital Market Story – October 2022

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