Slide 1: OMV Petrom Q1/25 Results
OMV Petrom Q1/25 Results Christina Verchere, CEO April 30, 2025 Picture: Transocean Barents rig started development drilling in the Neptun Deep block
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: Resilient performance supported by our integrated business
Key messages Q1/25 Resilient performance supported by our integrated business Q1/25 highlights Strategic focus continued Clean CCS Op. result RON 1.3 bn ● Good financial performance in the ● Neptun Deep: progressing according to plan; drilling -29% yoy context of volatile and highly regulated starte
Slide 4: 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 5.0 5.0 5.0 4.6 4.6 4.7 4.7 4.5 12.6 9.7 83 85 80 75 76 7.1 7.4 8.2 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Avg USD/RON Avg EUR/RON Avg Brent p
Slide 5: Slightly increasing demand for our products
Romanian environment Slightly increasing demand for our products GDP 2.1% 0.7% 0.9% 1.6% Growth expected 20231 Q4/241 20241 2025e2 Inflation (CPI) 5.1% 4.9% 3.8% On a downward trend Dec 24/Dec 23 Mar 25/Mar 243 2025e3 Romania at investment grade by major rating agencies, still with recent negative o
Slide 6: Fiscal and regulatory burden continues
Romanian regulatory framework Fiscal and regulatory burden continues Applicable regulations Highly regulated gas sales portfolio Q1/25 Q4/24 ● Construction tax: introduced starting 2025 at 0.5% of the net 17% value of constructions; lower than initially announced, 1% of the 20% gross book value 60%
Slide 7: E&P – lowest production decline for a first quarter in 5 years
Divisional performance E&P – lowest production decline for a first quarter in 5 years Main drivers for Q1/25 results Outlook 2025 ● Higher realized gas price ● Brent oil price: USD ~70/bbl (2024: 81/bbl) ● Lower depreciation ● Production2: ~104 kboe/d (2024: 109 kboe/d) ● Production cost: USD ~16/bo
Slide 8: R&M – record high refinery utilization rate for a first quarter
Divisional performance R&M – record high refinery utilization rate for a first quarter Main drivers for Q1/25 results Outlook 2025 ● Refined products sales -7% ● Refining margin: USD 7-8/bbl (2024: USD 9/bbl) ● Refining margin -35% ● Refinery utilization: 90-95% (2024: 97%) ● Retail fuels demand in
Slide 9: G&P – negative impact from regulatory framework
Divisional performance G&P – negative impact from regulatory framework Main drivers for Q1/25 results Outlook 2025 ● Lower gas margins ● Demand for gas in Romania: stable yoy ● Significantly lower power margins due to regulations ● Demand for power in Romania: stable yoy ● Lower power production ● T
Slide 10: OMV Petrom Q1/25 Results
OMV Petrom Q1/25 Results Alina Popa, CFO April 30, 2025
Slide 11: Robust results; strong cash generation
Financials Robust results; strong cash generation Clean CCS Operating Result Cash Flow from Operating Activities RON bn RON bn -29% -11% 1.8 3.0 0.1 2.7 1.3 0.4 1.0 0.1 0.5 0.1 0.4 2.9 0.5 2.2 0.4 0.7 0.8 1.2 0.5 0.4 -0.1 0.1 -0.1 -0.7 Q1/24 Q4/24 Q1/25 Q1/24 Q4/24 Q1/25 Co&O and Cons G&P R&M E&P Ca
Slide 12: Progressing in the most investment intensive period in our history
CAPEX Progressing in the most investment intensive period in our history Group CAPEX1 RON bn per business segment <8.6 <8.6 Q1/25 2025E 7.2 7.2 ● RON 1.4 bn: ● RON up to 8.6 bn: ● Neptun Deep project in execution ● Neptun Deep project 4.7 phase ● Wells and sidetracks: 3.6 ● 6 new wells and sidetrack
Slide 13: Guidance for 2025-2027
Outlook Guidance for 2025-2027 Indicators Actual Assumptions / Targets Assumptions / Targets Q1/25 2025 2026-2027 averages Brent oil price USD 76/bbl USD ~70/bbl USD ~75/bbl (prev. USD ~75/bbl) Production1 108 kboe/d ~104 kboe/d <130 kboe/d Refining margin USD 8.2/bbl USD 7-8/bbl USD ~8/bbl CAPEX RO
Slide 14: Q&A
Q&A April 30, 2025
Slide 15: Back-up
Back-up April 30, 2025
Slide 16: EBIT impact in 2025
Sensitivities EBIT impact in 2025 2025 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 +90 mn 16 OMV Petrom Q1/25 Results
Slide 17: @ OMV Petrom
@ OMV Petrom