Omv Ag · VIE:OMV
Omv — Merger or Acquisition (December 2016)
15 slides from Omv's merger presentation, Dec 14, 2016
Slide 1: OMV conference call: Asset swap between OMV and Gazprom
OMV conference call Asset swap between OMV and Gazprom December 14, 2016 Rainer Seele Chairman of the Executive Board and CEO Johann Pleininger Executive Board Member responsible for Upstream Reinhard Florey Chief Financial Officer The spoken word applies 1/15 | OMV
Slide 2: Asset swap between OMV and Gazprom: Binding basic agreement signed
OMV conference call: Asset swap between OMV and Gazprom, December 14, 2016 2/15 | OMV
Slide 3: Asset swap between OMV and Gazprom: Binding basic agreement signed
OMV conference call: Asset swap between OMV and Gazprom, December 14, 2016 Rainer Seele Slide 3: Asset swap between OMV and Gazprom: Binding basic agreement signed Ladies and gentlemen, welcome to today’s conference call on the asset swap with Gazprom and thank you for joining. I am delighted to ann
Slide 4: Urengoy: Russia's largest gas field
OMV conference call: Asset swap between OMV and Gazprom, December 14, 2016 4/15 | OMV
Slide 5: Urengoy: Russia's largest gas field
OMV conference call: Asset swap between OMV and Gazprom, December 14, 2016 Johann Pleininger Thank you Rainer and welcome from my side as well. Let me start with Achimov IV/V. Slide 4: Urengoy: Russia’s largest gas field The Achimov IV/V project encompasses the development and operation of blocks IV
Slide 6: Achimov IV/V significantly increases production and reserves
OMV conference call: Asset swap between OMV and Gazprom, December 14, 2016 6/15 | OMV
Slide 7: Achimov IV/V significantly increases production and reserves for OMV
OMV conference call: Asset swap between OMV and Gazprom, December 14, 2016 Slide 5: Achimov IV/V significantly increases production and reserves for OMV The Achimov IV/V project has already been sanctioned in March 2016 and it is currently in the development phase. This project will add approximatel
Slide 8: Norway is a core region for OMV
OMV conference call: Asset swap between OMV and Gazprom, December 14, 2016 8/15 | OMV
Slide 9: Norway is a core region for OMV
OMV conference call: Asset swap between OMV and Gazprom, December 14, 2016 Slide 6: Norway is a core region for OMV Now, let’s turn to our Norwegian Upstream subsidiary. OMV (NORGE) AS, headquartered in Stavanger, is a wholly owned subsidiary of OMV. OMV has identified the North Sea as a core region
Slide 10: Strategic rationale
OMV conference call: Asset swap between OMV and Gazprom, December 14, 2016 10/15 | OMV
Slide 11: Strategic rationale
OMV conference call: Asset swap between OMV and Gazprom, December 14, 2016 Rainer Seele Slide 7: Strategic rationale Now let me talk about the strategic rationale of this transaction. The following aspects have been considered for the strategic decision to pursue the asset swap: First: The ability t
Slide 12: Strategic rationale: partnership with Gazprom
OMV conference call: Asset swap between OMV and Gazprom, December 14, 2016 Finally: The asset swap strengthens the partnership between OMV and Gazprom. OMV has had a long and successful cooperation with Gazprom for almost half a century. As a result of the asset swap, OMV will benefit from Gazprom’s
Slide 13: Impact on OMV's financials
OMV conference call: Asset swap between OMV and Gazprom, December 14, 2016 13/15 | OMV
Slide 14: Impact on OMV's financials
OMV conference call: Asset swap between OMV and Gazprom, December 14, 2016 Slide 8: Impact of OMV’s financials Let me now turn to the financial impact on OMV. Following this transaction, OMV will continue to fully consolidate the OMV (NORGE) AS subsidiary and its reserves. OMV Norge’s financial perf
Slide 15: OMV conference call: Asset swap between OMV and Gazprom, December 14, 2016 15/15 |
OMV conference call: Asset swap between OMV and Gazprom, December 14, 2016 15/15 | OMV