Slide 1: OMV Petrom
OMV Petrom Christina Verchere, CEO Bucharest, May 18, 2026 Picture: OMV Petrom’s gas hub at Hurezani
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation does not, and is not intended to, constitute or form part of, and should not be construed as, constituting or forming part of, any actual offer to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares issued by the Company or any
Slide 3: Delivering on our Strategy 2030
Strategy 2030 in action Delivering on our Strategy 2030 Black Sea Low and zero carbon Traditional business Attractive dividends Neptun Deep Renewable power E&P • Yield3 of total dividend paid in • Progressing as planned • Acquisition of 50% interest in • Managing production decline 2025 of 9.1% • 4
Slide 4: Strong performance supported by our integrated business
Key messages Q1/26 Strong performance supported by our integrated business Clean CCS Op. result ● Good hydrocarbon production RON 1.5 bn performance: gas production up +16% yoy 2% yoy ● Refinery utilization rate: 98%; Operating Cash Flow refined product sales: +11% yoy RON 2.7 bn (0)% yoy ● Highest
Slide 5: Volatile market environment
Commodity prices Volatile market environment Oil prices FX OMV Petrom indicator refining margin USD/bbl RON/USD, RON/EUR USD/bbl 5.0 5.0 5.1 5.1 5.1 16.8 4.7 14.0 14.3 4.4 4.3 4.4 4.4 10.3 8.2 76 68 69 81 64 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Avg USD/RON Avg EUR/RON Avg Bren
Slide 6: Weak economic growth
Romanian environment Weak economic growth -1.7% 0.7% 0.7% GDP Q1/261 20251 2026e2 10.7% 9.7% 3.9% Inflation (CPI) Apr 26/Apr 253 20253 2026e3 Romania at investment grade by major rating agencies4 Demand Q1/26 yoy 2025 yoy 2025 vs 2019 Fuels5 -1% -1% +19% Gas6 +5% +1% -12% Power7 +1% -1% -11% 1 Roman
Slide 7: Newly introduced measures in 2026
Romanian regulatory framework Newly introduced measures in 2026 Applicable regulations Highly regulated gas sales portfolio ● New measures in the context of crisis situation on the oil and Q1/26 Q4/25 fuels markets, applicable for Q2/26: ● limiting the R&M margins for gasoline and diesel 12% 16% ● s
Slide 8: E&P – impacted by lower oil volumes and realized gas prices
Divisional performance E&P – impacted by lower oil volumes and realized gas prices Main drivers for Q1/26 results Outlook 2026 ● Lower realized gas price ● Brent oil price: USD 85-95/bbl (prev.: USD ~65/bbl; 2025: USD 69/bbl) ● Lower oil and NGL sales -8% ● Production2: >100 kboe/d (2025: 104.5 kboe
Slide 9: R&M – refining result partly offset by lower marketing margins
Divisional performance R&M – refining result partly offset by lower marketing margins Main drivers for Q1/26 results Outlook 2026 ● Refining margin +74% ● Refining margin: USD >10/bbl (prev.: USD ~9/bbl; 2025: USD 12.4/bbl) ● Strong refinery utilization rate: 98% ● Refinery utilization: >95% (2025:
Slide 10: G&P – strong performance in both business lines
Divisional performance G&P – strong performance in both business lines Main drivers for Q1/26 results Outlook 2026 ● Deregulation of the power market ● Higher power production, +32% ● Demand for gas in Romania: stable yoy (prev.: slightly higher yoy) ● Higher margins on power bought from 3rd parties
Slide 11: OMV Petrom – Alina Popa, CFO
OMV Petrom Alina Popa, CFO Bucharest, May 18, 2026
Slide 12: Resilient results; strong cash generation
Financials Resilient results; strong cash generation Clean CCS Operating Result Cash Flow from Operating Activities RON bn RON bn 0% +16% 2.7 1.5 2.7 1.3 1.4 2.1 0.1 0.1 0.3 0.4 0.3 2.2 3.1 0.5 1.8 0.7 0.8 0.7 0.4 0.4 0.3 -0.4 -0.1 0.0 Q1/25 Q4/25 Q1/26 Q1/25 Q4/25 Q1/26 Cash generated from operatin
Slide 13: Strong progress in the most intensive investment period in our history
CAPEX Strong progress in the most intensive investment period in our history Group CAPEX1 RON bn per business segment and strategic pillar <9.4 <9.4 Q1/26 2026E 7.8 7.8 ● RON 1.6 bn: ● RON <9.4 bn: 7.2 7.2 ● Neptun Deep project in execution ● Neptun Deep project phase ● Wells and sidetracks: 4.7 4.7
Slide 14: Profitable investments drive strong financial performance
Financial frame Profitable investments drive strong financial performance Rigorous capital Strong financial Attractive returns discipline performance to shareholders ● CAPEX1 of ~EUR 11 bn ● 2030 Clean CCS EBIT of ● 5%-10% p.a. dividend ● CAPEX1 of ~EUR 2.7 bn >EUR 1.5 bn growth for low & zero carbo
Slide 15: Company’s transformation supports higher shareholder returns
Capital allocation Company’s transformation supports higher shareholder returns 1 Organic CAPEX 2 Progressive base dividends 3 Inorganic CAPEX 4 Special dividends ● Further invest in the ● Committed to a ● Selective M&A ● Special dividends profitable traditional competitive transactions to help pote
Slide 16: Highly competitive dividends
Stronger commitment to shareholders Highly competitive dividends Dividend Policy Strong commitment by 2030 Base dividend Total dividends Paying progressive base dividend, (base and special) in line with financial performance and investment needs, considering the long-term financial health of the Com
Slide 17: 40% of 2025 OCF distributed as dividends
Attractive payout ratios and dividend yields 40% of 2025 OCF distributed as dividends Dividend evolution RON bn Progressive Special base dividend dividend 5.1 4.5 4.4 4.0 2.8 3.6 1.9 2.5 1.2 0.7 2025 dividend (RON/share): Total of RON 0.0578, -10% yoy, of which: 1.8 1.8 +324% 1.5 - base: RON 0.0466,
Slide 18: Sustainable growth in energy, value and dividends
OMV Petrom strong investment proposition Sustainable growth in energy, value and dividends Integrated energy Growing cash flows Highly competitive Transforming company developing and maintaining dividend for a lower largest offshore gas strong profitability distributions4 carbon future resource1 in
Slide 19: Q&A
Q&A Bucharest, May 18, 2026
Slide 20: Back-up
Back-up Bucharest, May 18, 2026
Slide 21: Guidance for 2026-2028
Outlook Guidance for 2026-2028 Indicators Actual Assumptions / Targets Assumptions / Targets Q1/26 2026 2027-2028 averages Brent oil price USD 81/bbl USD 85-95/bbl USD 70-75/bbl (prev.: USD ~65/bbl) Production 1 104.2 kboe/d >100 kboe/d >130 kboe/d Refining margin USD 14.3/bbl USD >10/bbl USD ~8/bbl
Slide 22: EBIT impact in 2026
Sensitivities EBIT impact in 2026 2026 sensitivities Change EBIT impact Brent oil price USD +1/bbl ~EUR +15 mn OMV Petrom indicator refining margin USD +1/bbl ~EUR +30 mn Exchange rates EUR/USD USD appreciation by 10 USD cents ~EUR +70 mn In the context of the ongoing crisis in the Middle East, the
Slide 23: OMV Petrom
@ OMV Petrom