Slide 1: OMV Petrom Q3/18 Results
OMV Petrom Q3/18 Chapter divider slide: Design must Results be alike to chosen cover style (28pt) October 31, 2018 Christina Verchere, CEO
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation does not, and is not intended to, constitute or form part of, This presentation may contain forward-looking statements. These statements and should not be construed as, constituting or forming part of, any actual reflect the Company’s current knowledge and its expe
Slide 3: Key messages Q3/18 performance
Key messages Q3/18 performance Clean CCS Financial Operating Operating result Clean CCS Cash Flow ROACE RON 1.7 bn RON 2.4 bn 11.8% Production 160 kboe/d, -4% yoy OPEX USD 10.4/boe, +2% yoy Operational drivers Refining margins USD 6.62/bbl, -24% yoy Retail sales volumes flat yoy Gas sales volumes -9
Slide 4: Economic environment
Economic environment Oil price (USD/bbl) Gas prices (EUR/MWh) 74 75 67 25.1 61 52 73 74 65 21.3 61 20.5 51 19.5 22.6 4.00 18.2 3.90 3.92 3.90 16.8 16.7 3.79 16.2 18.1 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Avg Urals price in USD/bbl (left scale) Avg USD/RON (right scale) Avg Bre
Slide 5: OMV Petrom Q3/18 Results (CFO)
Chapter divider slide: Design must OMV Petrom Q3/18 be alike to chosen cover style Results (28pt) October 31, 2018 Stefan Waldner, CFO
Slide 6: Income Statement highlights
Income Statement highlights Clean CCS Operating Result (RON bn) +25% Clean CCS Operating Result reflects: 3.38 ► Favorable commodities prices +62% 2.70 ► Petrobrazi turnaround (Q2/18) 1.68 1.04 ► Consolidation reflects mainly the effect of higher crude oil stocks due to Petrobrazi turnaround in Q3/1
Slide 7: Clean CCS Operating Result
Clean CCS Operating Result Upstream (RON mn) 965 -103 9 22 Higher realized prices 610 428 Lower exploration expenses Sales volumes -6% Q3/17 Market Volume Exploration Other Q3/18 effects Downstream 98% refining utilization rate after turnaround (RON mn) 651 639 Flat retail sales yoy -52 39 Higher el
Slide 8: Cash Flow highlights
Cash Flow highlights Operating Cash Flow (RON bn) +25% Q3/18 OCF1 mirroring Operating Result +62% +62% 5.56 4.45 Q3/18 NWC2: cash inflow RON 133 mn 2.38 1.47 Q3/17 NWC2: cash outflow RON 181 mn Q3/17 Q3/18 9m/17 9m/18 Free Cash Flow (RON bn) -14% 2.84 2.43 +27% Q3/18 CFI3 more than double yoy 1.22 0
Slide 9: Outlook 2018
Outlook 2018 Assumptions/ Indicators Actual 2017 Actual 9m/18 Targets 2018 USD 74/bbl (previous: Brent oil price USD 54/bbl USD 72/bbl USD 70/bbl) Refining margin USD 7.75/bbl USD 6.63/bbl <USD 7/bbl Production 168 kboe/d 161 kboe/d ~ -4% yoy1 CAPEX RON 3.0 bn RON 3.1 bn RON 3.7 bn FCF after dividen
Slide 10: OMV Petrom - The energy for a better life
@ OMV Petrom The energy for a better life.
Slide 11: Backup
Backup @ OMV Petrom The energy for a better life.
Slide 12: Operational KPIs
Operational KPIs Upstream Downstream Oil Downstream Gas OPEX OMV Petrom Indicator Gas sales volumes (USD/boe) refining margin (USD/bbl) (TWh) +2% +2% -9% -9% 12.44 11.89 8.75 -24% -24% 14.20 11.67 13.41 10.23 10.41 10.70 10.51 9.74 6.56 6.72 6.62 6.16 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q3/17 Q4/17 Q1/18
Slide 13: CAPEX and E&A
CAPEX and E&A Group CAPEX incl. capitalized E&A CAPEX incl. capitalized E&A (RON bn) 9m/18 at RON 3.1 bn: 74 new wells and sidetracks drilled 3.7 ~700 workovers performed 3.1 Refinery turnaround Brazi power plant partial shut-down 2018E maintained at RON 3.7 bn: Drilling >100 wells and sidetracks ~1
Slide 14: Clean CCS Operating Result
Clean CCS Operating Result Upstream Higher realized prices (RON mn) 2,430 -218 -6 29 Lower total production costs 1,290 1,334 Negative FX development Sales volumes -6% 9m/17 Market Volume Exploration Other 9m/18 Higher exploration expenses effects Downstream (RON mn) Higher Brazi power plant availab