Omv Ag · VIE:OMV

Omv — Q1 2018 Earnings Presentation

25 slides from Omv's earnings presentation, May 3, 2018

  1. Slide 1: OMV Q1 2018 Results Conference Call

    OMV Q1 2018 Results Conference Call May 3, 2018 Rainer Seele Chairman of the Executive Board and CEO Reinhard Florey Chief Financial Officer The spoken word applies 1/25 | OMV Group

  2. Slide 2: OMV Q1 2018 Results Conference Call, May 3, 2018 2/25 | OMV Group

    OMV Q1 2018 Results Conference Call, May 3, 2018 2/25 | OMV Group

  3. Slide 3: Macro environment – Higher oil prices, lower refining margins

    OMV Q1 2018 Results Conference Call, May 3, 2018 Ladies and gentlemen, good morning and thank you for joining us. OMV had a successful start to 2018, showing strong operational and financial performance. Before coming to our business development, let me briefly review the economic environment. Slide

  4. Slide 4: OMV Q1 2018 Results Conference Call, May 3, 2018 4/25 | OMV Group

    OMV Q1 2018 Results Conference Call, May 3, 2018 4/25 | OMV Group

  5. Slide 5: Key messages

    OMV Q1 2018 Results Conference Call, May 3, 2018 Slide 4: Key messages Let me now briefly point out the highlights of the first quarter of 2018. As I said before, we had a successful start to 2018: OMV delivered a clean CCS Operating Result of 818 million Euros and generated a free cash flow of 538

  6. Slide 6: OMV Q1 2018 Results Conference Call, May 3, 2018 6/25 | OMV Group

    OMV Q1 2018 Results Conference Call, May 3, 2018 6/25 | OMV Group

  7. Slide 7: Acquisition of a 20% stake in two offshore fields in Abu Dhabi

    OMV Q1 2018 Results Conference Call, May 3, 2018 Slide 5: Acquisition of a 20% stake in two offshore fields in Abu Dhabi from ADNOC Ladies and gentlemen, I am delighted to announce that last Sunday we signed a concession agreement with ADNOC for the acquisition of a 20 percent stake in two oil field

  8. Slide 8: OMV Q1 2018 Results Conference Call, May 3, 2018 8/25 | OMV Group

    OMV Q1 2018 Results Conference Call, May 3, 2018 8/25 | OMV Group

  9. Slide 9: Abu Dhabi – High-quality assets with substantial cash generation

    OMV Q1 2018 Results Conference Call, May 3, 2018 Slide 6: Abu Dhabi – High-quality assets with substantial cash generation Participation in this concession offers OMV access to one of the world’s largest deposits of oil. The 40-year deal substantially strengthens OMV’s reserves base by adding 450 mi

  10. Slide 10: OMV Q1 2018 Results Conference Call, May 3, 2018 10/25 | OMV Group

    OMV Q1 2018 Results Conference Call, May 3, 2018 10/25 | OMV Group

  11. Slide 11: Acquisition in New Zealand – Major step towards building Australasia into a new core region

    OMV Q1 2018 Results Conference Call, May 3, 2018 Slide 7: Acquisition in New Zealand – Major step towards building Australasia into a new core region Let’s talk about our second acquisition “Shell’s upstream business in New Zealand”, which we announced just a few days after our Capital Markets Day.

  12. Slide 12: OMV Q1 2018 Results Conference Call, May 3, 2018 12/25 | OMV Group

    OMV Q1 2018 Results Conference Call, May 3, 2018 12/25 | OMV Group

  13. Slide 13: Strengthened footprint in Middle East Africa and Australasia

    OMV Q1 2018 Results Conference Call, May 3, 2018 Slide 8: Strengthened footprint in Middle East Africa and Australasia With the two recent acquisitions we further diversified our portfolio. The weight of the Middle East Africa and Australasia doubled to 20 percent and our exposure to Russia is now 1

  14. Slide 14: OMV Q1 2018 Results Conference Call, May 3, 2018 14/25 | OMV Group

    OMV Q1 2018 Results Conference Call, May 3, 2018 14/25 | OMV Group

  15. Slide 15: Solid Group clean CCS Operating Result despite FX headwinds

    OMV Q1 2018 Results Conference Call, May 3, 2018 Slide 9: Solid Group clean CCS Operating Result despite FX headwinds Let’s now turn to our financial performance in the first quarter of 2018. The clean CCS Operating Result increased to 818 million Euros from 805 million Euros in the first quarter of

  16. Slide 16: OMV Q1 2018 Results Conference Call, May 3, 2018 16/25 | OMV Group

    OMV Q1 2018 Results Conference Call, May 3, 2018 16/25 | OMV Group

  17. Slide 17: Upstream – Significantly higher result supported by oil prices and sales volumes

    OMV Q1 2018 Results Conference Call, May 3, 2018 Slide 10: Upstream – Significantly higher result supported by oil prices and sales volumes Let me now come to the performance of our two business segments. Upstream experienced a strong quarter supported by higher sales volumes and a good operational

  18. Slide 18: OMV Q1 2018 Results Conference Call, May 3, 2018 18/25 | OMV Group

    OMV Q1 2018 Results Conference Call, May 3, 2018 18/25 | OMV Group

  19. Slide 19: Downstream – High Downstream Gas result offset by lower refining margins

    OMV Q1 2018 Results Conference Call, May 3, 2018 Slide 11: Downstream – High Downstream Gas result offset by lower refining margins The strong result in Downstream Gas was more than offset by a weaker refining margin and the divestment of OMV Petrol Ofisi. The clean CCS Operating Result amounted to

  20. Slide 20: OMV Q1 2018 Results Conference Call, May 3, 2018 20/25 | OMV Group

    OMV Q1 2018 Results Conference Call, May 3, 2018 20/25 | OMV Group

  21. Slide 21: Strong free cash flow of EUR 0.5 bn

    OMV Q1 2018 Results Conference Call, May 3, 2018 Slide 12: Strong free cash flow of EUR 0.5 bn Let’s now continue with cash flow. In the first quarter of 2018, the cash flow from operating activities amounted to 1.1 billion Euros – an increase of 153 million Euros compared to the strong first quarte

  22. Slide 22: OMV Q1 2018 Results Conference Call, May 3, 2018 22/25 | OMV Group

    OMV Q1 2018 Results Conference Call, May 3, 2018 22/25 | OMV Group

  23. Slide 23: Continued low gearing and strong cash position

    OMV Q1 2018 Results Conference Call, May 3, 2018 Slide 13: Continued low gearing and strong cash position OMV’s balance sheet remained very healthy and showed strong liquidity. On the back of the strong cash generation, cash and cash equivalents increased by 300 million Euros to 4.3 billion Euros at

  24. Slide 24: OMV Q1 2018 Results Conference Call, May 3, 2018 24/25 | OMV Group

    OMV Q1 2018 Results Conference Call, May 3, 2018 24/25 | OMV Group

  25. Slide 25: Outlook 2018

    OMV Q1 2018 Results Conference Call, May 3, 2018 Slide 14: Outlook 2018 Let me conclude with the outlook for 2018. Based on our operational performance, we update our production guidance. Throughout the first months of this year, we saw the oil price stabilizing at a level around 70 US Dollars per b

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