Omv Petrom Sa · BVB:SNP
Omv Petrom Sa — Investor Presentation (March 2023)
73 slides from Omv Petrom Sa's investor presentation, March 2023
Slide 1: Capital Market Story
Capital Market Story March 2023 OMV Petrom S.A.
Slide 2: Contents
Contents 1 | Investment proposition 2 | Strategy 2030 3 | Q4/22 results 4 | Outlook 2023 5 | FY22 results 6 | Appendix All figures throughout this presentation refer to OMV Petrom Group (hereinafter also referred to as “the Group”), unless otherwise stated; figures are rounded, and they may not add
Slide 3: Disclaimer
Disclaimer This presentation does not, and is not intended to, constitute or form part of, and None of the future projections, expectations, estimates or prospects in this should not be construed as, constituting or forming part of, any actual offer to sell presentation, including (without being lim
Slide 4: Investment proposition
Investment proposition OMV Petrom S.A.
Slide 5: OMV Petrom investment proposition: growth, dividends and sustainability
OMV Petrom investment proposition: growth, dividends and sustainability Strong value creation Strong balance sheet Reduce carbon footprint Gearing ratio below 20% through the Net zero operations by 2050 period Rigorous capital discipline Sustainability at the core of our business CAPEX of EUR ~11 bn
Slide 6: Committed to highly competitive dividend distribution over the strategic cycle
Committed to highly competitive dividend distribution over the strategic cycle Dividend increase Special dividends Dividends p.a. on average % of operating cash flow 1 In favorable market environment, at management discretion, provided that our 5%-10% CAPEX plans are funded. € ~40% Committed to deli
Slide 7: Our business model
Our business model Moldova Ukraine Romania 69 Moldova Romania 162 48% 60% Production 1P reserves Black Sea 43 mn boe 380 mn boe 393 Refinery Serbia 52% 40% Gas-fired power plant Gas Oil 63 93 Bulgaria Bulgaria - Han Asparuh Bulgaria Refining & Marketing Gas & Power ► Petrobrazi refinery, 4.5 mn t/yr
Slide 8: Shareholder structure and capital market environment
Shareholder structure and capital market environment OMV Petrom S.A. shareholder structure1 Share price performance4 % Index Jan 2020 = 100 140 110 28% 51% 80 50 Mar-20 May-20 Jul-20 Mar-21 May-21 Jul-21 Mar-22 May-22 Jul-22 Mar-23 Jan-20 Sep-20 Nov-20 Jan-21 Sep-21 Nov-21 Jan-22 Sep-22 Nov-22 Jan-2
Slide 9: Strategy 2030: Transforming for a lower carbon future
1 | Strategy overview 2 | Energy context 3 | Transition to low and zero carbon Strategy 2030: 4 | Grow regional gas Transforming for a 5 | Optimize traditional business lower carbon future 6 | Financial frame OMV Petrom S.A.
Slide 10: OMV Petrom: transforming for a lower carbon future
OMV Petrom: transforming for a lower carbon future We will lead the energy transition in South-East Europe, capitalizing on emerging market opportunities Romania is among the fastest growing economies in Europe, driving increasing energy demand OMV Petrom is well placed to meet this demand wit
Slide 11: OMV Petrom Strategy 2030: Transforming for a lower carbon future
OMV Petrom Strategy 2030: Transforming for a lower carbon future Strong capital discipline & dividend policy Transition to low and zero carbon Energy transition leader for Romania and SEE Optimize traditional Grow regional business gas Innovation & People & Responsible Digitalization Communities ope
Slide 12: Building a diversified, integrated energy transition business
OMV Petrom: Building a diversified, integrated energy transition business OMV Petrom portfolio 2030 Clean CCS EBIT CAPEX % % 1 7 15 35 Renewable power Gas Biofuels 35 Gas based Alternative 20 power mobility 100 92 Fuels CCU&S Adding 50 45 5 low carbon Blue and Oil business activities green H2 by 203
Slide 13: Strategy 2030: Transforming for a lower carbon future
1 | Strategy overview 2 | Energy context 3 | Transition to low and zero carbon Strategy 2030: 4 | Grow regional gas Transforming for a 5 | Optimize traditional business lower carbon future 6 | Financial frame OMV Petrom S.A.
Slide 14: Romania is one of Europe's fastest growing economies
Romania is one of Europe’s fastest growing economies, in a rapidly changing energy context European energy environment is going through Romanian GDP per capita set to significant transformation grow1 CAGR, % 4.3 3.4 Energy security Fit for 55 2.3 1.5 0.4 -0.5 2010-20 2021-30 Romania Other SEE EU Tec
Slide 15: Strong growth in energy demand in Romania to 2030
Strong growth in energy demand in Romania to 2030 Gas - household Power - household Gas demand Power demand consumption1 consumption1 Romania2 Romania2 MWh per capita MWh per capita TWh TWh 2.3 Romania Other SEE +20% -10% EU 1.7 1.6 1.5 121 +10% 1.0 +10% 60 0.4 2019 2019 2019 2030 2040 2019 2030 204
Slide 16: Economic growth and rising living standards drive fuel consumption growth to 2030
Economic growth and rising living standards drive fuel consumption growth to 2030 Motorization rate1 Diesel demand2,3 Gasoline demand2,3 Jet demand2,3 cars/1000 inhabitants mn t mn t mn t +20% +10% +5% -30% -15% +10% 12.9 2.6 1.1 570 1.0 2.4 0.9 10.8 2.2 440 9.0 360 Fossil Bio 2019 2019 2030 2040 20
Slide 17: Strategy 2030: Transforming for a lower carbon future
1 | Strategy overview 2 | Energy context 3 | Transition to low and zero carbon Strategy 2030: 4 | Grow regional gas Transforming for a 5 | Optimize traditional business lower carbon future 6 | Financial frame OMV Petrom S.A.
Slide 18: Key directions to decarbonization
Key directions to decarbonization Decarbonize current operations Expand lower carbon gas business Pursue new low and zero carbon business opportunities 18 | OMV Petrom Capital Market Story – March 2023
Slide 19: Paving the way to Net Zero operations in 2050
Paving the way to Net Zero operations in 2050 Scope 1 – 21 emissions Scope 1 – 2 carbon intensity2 mn t CO2 eq reduction % 4.9 -50% E&P Refining Power 4.3 -30% > 15% > 20% Gas & Power Refining & Marketing Exploration & Production > 70% 2010 2019 2030 -30% Actions aimed at reducing Scope 1 & 2 by 203
Slide 20: Carbon intensity of energy supply to drop ~20% by 2030
Carbon intensity of energy supply to drop ~20% by 2030 Scope 1 – 3 Net carbon intensity of energy supply g CO2 eq/MJ -35% 80 -20% 70 ~20% reduction in Scope 1-3 carbon emissions1 EU Taxonomy eligible CAPEX to reach 35%2 Lower and zero carbon energy for customers, to account for ~60% in total p
Slide 21: Well positioned to capture Romania's solar potential
Well positioned to capture Romania's solar potential and develop a renewable power portfolio Photovoltaic Renewable Opportunities OMV Petrom target total capacity, power including partnerships, GW Photovoltaic ► Romania: the highest solar potential in the region ► > 10% contribution to the 2030 tota
Slide 22: Biofuels to exceed 15% in our total fuel production in 2030
Biofuels to exceed 15% in our total fuel production in 2030 Biofuels Biofuel Opportunities OMV Petrom target capacity, kt/year Advanced ethanol: ► Romania: unique combination of straw availability and cost Cellulosic ethanol ► Upgrading agricultural residues with potential for carbon- 0 50 150 from
Slide 23: Future mobility: capturing new energy mix opportunities
Future mobility: capturing new energy mix opportunities Electro Mobility Charging points with alternative fuels Grow e-mobility offer and become the preferred partner for electric fleets > 500 H2 mobility Active contribution to the development of H2 mobility - solution to decarbonize heavy duty tran
Slide 24: Unique opportunities in new energy technologies
Unique opportunities in new energy technologies Carbon capture, utilization & storage Hydrogen ► Romania: significant on- & offshore long-term CO2 storage ► Romania: gas production and renewable energy availability - potential to be evaluated opportunity for blue and green H2 production ► OMV Petrom
Slide 25: Investing in low and zero carbon businesses generating attractive return
Investing in low and zero carbon businesses generating attractive return Future mobility (EV, H2, Gas) Capex1 Biofuels New technologies ~EUR 3.7 bn (CCS, H2 etc.) IRR 9-15% Renewable power 1 Projects selection and prioritization will be based on risk and return assessments, including regulatory deve
Slide 26: Strategy 2030: Transforming for a lower carbon future
1 | Strategy overview 2 | Energy context 3 | Transition to low and zero carbon Strategy 2030: 4 | Grow regional gas Transforming for a 5 | Optimize traditional business lower carbon future 6 | Financial frame OMV Petrom S.A.
Slide 27: Neptun Deep: a strategic gas project for OMV Petrom
Neptun Deep: a strategic gas project for OMV Petrom OMV Petrom’s perspective1 FID2 2023 Estimated ~50 mid-year recoverable resources bcm Net to OMV Petrom First Gas2 2027 Neptun Deep Production at plateau ~70 Development CAPEX <2 kboe/d EUR bn Net to OMV Net to OMV Petrom Petrom Black Sea Operator
Slide 28: Build additional opportunities in the Black Sea
Build additional opportunities in the Black Sea New offshore exploration wells 2-4 By 2030 Exploration expenditures EUR mn ~30 Annual average 2022-2030 Bulgaria – Han Asparuh OMV Petrom (42.9%), TotalEnergies (57.1% Operator) Black Sea Status: 5,000 km2 3D seismic data processing Bulgaria - Han
Slide 29: Strategy 2030: Transforming for a lower carbon future
1 | Strategy overview 2 | Energy context 3 | Transition to low and zero carbon Strategy 2030: 4 | Grow regional gas Transforming for a 5 | Optimize traditional business lower carbon future 6 | Financial frame OMV Petrom S.A.
Slide 30: Maximize potential of current E&P assets
Maximize potential of current E&P assets Focus on most profitable Value over volume Strict cost management barrels Maximize economic recovery: Enhance competitiveness Portfolio optimization through cost optimization > 400 workovers p.a. Disciplined approach on Streamline footprint and ca
Slide 31: Transforming while delivering strong cash flows
Transforming while delivering strong cash flows Hydrocarbon production Production cost Operating cash flow kboe/d USD/boe USD/boe > 160 -35% 138 > 5% 30% ~16 CAGR 11 95-100 46% 50% >7 11 70% 54% 50% 2020 2025 2030 2020 2025 2030 2020 2025 2030 Gas Oil 31 | OMV Petrom Capital Market Story – March 202
Slide 32: Petrobrazi to capture demand growth
Petrobrazi to capture demand growth Refinery utilization1 > 95 % Annual average 2022-2030 Expand aromatics kt/year +50 2026 Black liquid products yield2 -50% 2030 vs 2020 Bottom of the barrel upgrade3 ~200 kt/year 2030 1 Refers to crude distillation unit; 2 Fuel oil yield decreases from 6% in 2020;
Slide 33: Dual brand strategy to drive new value
Dual brand strategy to drive new value Customer focus Throughput per filling station1 Profitability per filling station2 Non-fuel business margin2 mn l k EUR EUR mn 20% 20% 100% 5 80 2020 2025 2030 2020 2025 2030 2020 2025 2030 1 In Romania ; 2 Data refer to OMV Petrom operating region which include
Slide 34: Mobility services of the future
Mobility services of the future #The future is diverse #Mobility and service hub #Digitally enabled smart mobility Customer access – is a competitive Service stations – enable our network One single digital gate to our brand – advantage which will allow us to make to increase receptiveness to custom
Slide 35: Support gas and power customers in their energy transition
Support gas and power customers in their energy transition Total gas sales TWh 70 2030 Customers increase 20x 2030 vs 2020 Net electrical output TWh/year > 3.5 Average 2022-2030 Green power sales volume % in total > 20% 2030 35 | OMV Petrom Capital Market Story – March 2023
Slide 36: Strategy 2030: Transforming for a lower carbon future
1 | Strategy overview 2 | Energy context 3 | Transition to low and zero carbon Strategy 2030: 4 | Grow regional gas Transforming for a 5 | Optimize traditional business lower carbon future 6 | Financial frame OMV Petrom S.A.
Slide 37: Our strategy is enabled by a resilient financial frame
Our strategy is enabled by a resilient financial frame Rigorous capital Strong financial Attractive returns to discipline performance shareholders CAPEX1 of ~EUR 11 bn We target more than 5%-10% p.a. dividend ~35% CAPEX for low & double clean CCS EBIT growth zero carbon business by 20302 D
Slide 38: Rigorous capital discipline underpins strategic directions
Rigorous capital discipline underpins strategic directions Average annual CAPEX per strategic pillar CAPEX breakdown per business segment EUR bn EUR bn 80% 1.3 1.3 1.1 1.1 IRR > 9% 0.7 0.7 IRR >12% IRR > 12% 2017-2021 2022-2025 2026-2030 2017-2021 2022-2025 2026-2030 Low and zero carbon Gas & Power
Slide 39: Strong financial performance across the entire business
Strong financial performance across the entire business Clean CCS EBIT Clean CCS EBIT Clean CCS ROACE per strategic pillar1 per business segment1 % EUR bn % > 1.5 5 > 12 40 9 ~ 0.7 7 10 0.5 60 55 33 67 30 2020 2025 2030 2020 2025 2030 2020 2025 2030 Low and zero carbon Gas & Power Regional gas Refin
Slide 40: Resilience under downside-price scenario
Resilience under downside-price scenario1 Clean CCS EBIT EUR bn Base case Downside scenario Under downside price scenario: > 1.5 2030 Clean CCS EBIT to double versus 2020 Commitment to pay progressive dividends ~1.0 maintained 0.7 CAPEX plans largely unchanged by 2030 0.5 0.5 0.4 Gearing rat
Slide 41: We deliver sustainable long-term value for our shareholders
We deliver sustainable long-term value for our shareholders Sustainable long-term value Attractive shareholder returns Delivering ~35% CAPEX for low & zero carbon sustainable 5% - 10% p.a. growth in base dividend Clean CCS EBIT more than double shareholder Potential special dividends1 by 203
Slide 42: Strategy 2030 price assumptions
Strategy 2030 price assumptions Base case prices 2022 - 2030 Downside-price scenario 2022 - 2030 Brent oil 65 - 70 Brent oil ~50 USD/bbl USD/bbl Indicator refining margin 5-6 Indicator refining margin 3-4 USD/bbl USD/bbl CO2 55 - 100 CO2 60 - 110 EUR/tCO2 EUR/tCO2 Electricity price 70 - 90 Electrici
Slide 43: Q4/22 results
Q4/22 results OMV Petrom S.A.
Slide 44: Still high and volatile commodity prices
Still high and volatile commodity prices Oil prices FX OMV Petrom indicator refining margin1 USD/bbl RON/USD, RON/EUR USD/bbl 4.9 4.9 4.9 4.9 4.9 4.6 4.9 4.8 24.4 4.3 4.4 114 18.3 17.1 18.8 102 101 80 78 90 89 79 74 64 7.5 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Avg USD/RON Avg E
Slide 45: Romanian environment: 2022 GDP stronger than expected; mixed demand evolution
Romanian environment: 2022 GDP stronger than expected; mixed demand evolution GDP growth GDP: Q4/221: 5.0% yoy; 20221: 4.8%; 2023e2: +3.1% yoy; 2024e2: 3.8% Inflation on an upward trend CPI: January 23/January 221: 15.1%; 2023e3: 7.0%; 2024e3: 4.2% Romania maintained at investment grade by major
Slide 46: Regulatory and fiscal environment has further deteriorated
Regulatory and fiscal environment has further deteriorated New regulations in 2022 2022 specific sector taxes Gas and power market: 2022 2022 yoy bn RON Law 357: approving GEO 119; most deadlines extended to Total direct taxes and March 2025 3.7 times 9.7 contributions, thereof GEO 153: obligati
Slide 47: Key messages Q4/22
Key messages Q4/22 Strong financial performance Clean CCS Operating result Operating Cash Flow Clean CCS ROACE RON 2.1 bn RON 1.8 bn 38.0% +38% yoy -13% yoy +25pp yoy Good operational performance Strategic focus Good contribution from drilling and workover partly offset Base dividend proposal1:
Slide 48: Good operational performance in the context of lower market demand
Good operational performance in the context of lower market demand Exploration and Production Refining and Marketing Gas and Power Hydrocarbon production Refinery utilization rate Gas sales volumes kboe/d % TWh -3% -3% -2% -2 pp +2% 122 121 120 117 118 101 99 99 12.3 12.7 12.5 98 11.0 60 58 57 57 9.
Slide 49: Increasing CAPEX
Increasing CAPEX Group CAPEX1 RON bn 2022 2023E ~6 RON 3.6 bn: RON ~6 bn: 55 new wells and sidetracks; ~650 Wells and sidetracks: ~55; ~450 workovers workovers Energy efficiency and EOR projects Neptun Deep project 3.6 Planned major turnaround in Petrobrazi 2.8 Coke drums replacement
Slide 50: Income Statement: strong results
Income Statement: strong results Clean CCS Operating Result RON bn +38% +181% Q4/22 Clean CCS Operating Result reflects: 2.1 12.2 0.1 ► Higher commodity prices and refining margin 1.5 2.9 0.9 0.4 4.3 4.0 ► Higher sales volumes for all our products 0.6 1.1 0.8 0.6 2.0 5.4 ► Higher power and fuel ta
Slide 51: Clean CCS Operating Results improved in E&P and R&M; G&P affected by regulation
Clean CCS Operating Results improved in E&P and R&M; G&P affected by increased regulation and overtaxation E&P 1,076 RON mn -62 Realized crude price +11% 550 Higher gas prices and lower gas overtaxation 588 Positive FX effect on revenues Hydrocarbon sales -4% Higher production costs Q4/21
Slide 52: Cash flow
Cash flow Cash Flow from Operating Activities RON bn -13% +62% 1.8 11.3 Q4/22 Cash Flow from Operating Activities: 2.0 7.0 ► Increase in operating cash flow before working capital changes 2.7 14.9 2.0 7.4 ► Negative NWC 0.0 -0.4 -0.9 -3.5 Q4/21 Q4/22 2021 2022 Cash generated from operating activit
Slide 53: Outlook 2023
OMV Petrom S.A. @® OMV Petrom The energy for a better life.
Slide 54: Outlook
Outlook Indicators Actual Assumptions/ Targets Assumptions/ Targets 2022 2023 2024-2025 averages Brent oil price USD 101.3/bbl USD >80/bbl USD ~75/bbl Production 1 119 kboe/d ~110 kboe/d 95 – 100 kboe/d Refining margin 2 USD 16.6/bbl USD >9/bbl USD ~9/bbl CAPEX RON 3.6 bn RON ~6 bn RON ~7 bn FCF bef
Slide 55: Sensitivities in 2023
Sensitivities in 2023 2023 sensitivities EBIT impact Brent oil price USD +1/bbl ~EUR +15 mn Equity gas price 1 EUR +1/MWh ~EUR +10 mn in a free market scenario OMV Petrom indicator USD +1/bbl ~EUR +25 mn refining margin Exchange rates USD appreciation ~EUR +50 mn EUR/USD by 5 USD cents 1 This sensit
Slide 56: FY22 results
OMV Petrom S.A. @® OMV Petrom The energy for a better life.
Slide 57: Strategy 2030 – Transforming for a lower carbon future
Strategy 2030 – Transforming for a lower carbon future Execution in 2022 Focus areas in 2023 Transition to low and zero carbon Renewable power Partnership concluded with CEO for 450 MW Continue developing our renewables portfolio Biofuels First batch of SAF produced at Petrobrazi Progress with t
Slide 58: Continued focus on sustainability
Continued focus on sustainability GHG intensity index Planting for Romania ~11% lower ~EUR 5.4 mn 2022 vs. 2019 Invested in 2022 Downward trend Continue the largest privately continued funded forestation campaign Social involvement Diversity Remuneration report 22.5 A- 1 C+ 65/100 Medium risk Silver
Slide 59: Clean CCS Operating Results improved throughout all business segments
Clean CCS Operating Results improved throughout all business segments E&P 5,433 Realized crude price +45% RON mn 14 Higher gas price, partially offset by higher royalties and gas overtaxation 3,605 Positive FX effect on revenues 1,814 Lower depreciation Hydrocarbon sales -7% 2021 Market ef
Slide 60: Exploration & Production KPIs
Exploration & Production KPIs Production cost Key drivers 2022 vs. 2021 +3% USD/boe 12.73 13.15 11.18 Lower production available for sale 10.90 10.88 Increased expenses, including personnel one-offs in H2/22 Favorable FX One-off effect related to tax audit 2018 2019 2020 2021 2022 Hydrocarbo
Slide 61: Refining & Marketing KPIs
Refining & Marketing KPIs OMV Petrom Indicator refining margin Key drivers 2022 vs. 2021 +203% USD/bbl 16.59 Better products spreads, mainly for diesel and gasoline 6.28 5.47 4.67 2.89 2018 2019 2020 2021 2022 Retail sales volumes (mn t) and Retail Operating Result per filling station (trend) +3%
Slide 62: Gas & Power KPIs
Gas & Power KPIs Gas sales volumes Key drivers 2022 vs. 2021 TWh 57.0 -6% -6% 54.8 48.9 Lower equity gas quantities available 47.3 46.1 Deliveries to the regulated market and under supplier of last resort mechanism Expanded regional sales 2018 2019 2020 2021 2022 Brazi net electrical output +5
Slide 63: Appendix
~-Appendix © OMV Petrom The energy for a better life.
Slide 64: Exploration and Production map
Exploration and Production map 64 | OMV Petrom Capital Market Story – March 2023
Slide 65: Romanian oil market overview in 2022
Romanian oil market overview in 2022 Crude Supply Refineries Distribution Production: Refineries Petrobrazi combined nameplate capacity ~13 mn tpa 24% Processed crude oil1 Transportation: Conpet ~11,6 mn t pa of which ~8.9 mn t from import Rompetrol (Petromidia, Vega) Imports: various 66% Lukoil (Pe
Slide 66: OMV Petrom Group
OMV Petrom Group Retail fuel sales mn l Moldova 3,074 3,160 2,798 2,922 2,746 69 117 120 97 101 129 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Romania 171 175 147 177 185 393 162 Black Sea 2018 2019 2020 2021 2022 Bulgaria 63 Serbia 318 312 243 272 265 Total number of 780 2018 2019 2020 2021
Slide 67: Romanian gas market overview in 2022
Romanian gas market overview in 2022 Regulatory Supply Distribution Demand Regulatory Production: Storage: Supply: Heat & Power incl. Body Romgaz, Depomures Romanian Romgaz, … Energy Industry/ Regulatory Commercial Authority Romgaz, Distrigaz Sud (ANRE) Engie Romania, (Engie), 79% E.ON Energie Delga
Slide 68: Romanian power market overview in 2022
Romanian power market overview in 2022 Regulatory Supply Market(s) Distribution Demand Regulatory Production: Mid/long term fwd Body contract market(s) Coal 19% (OPCOM / bilateral) Romanian Energy Spot (DAM / ID) Internal market Regulatory Gas 19% Transport & market (OPCOM) Authority Distribution Di
Slide 69: Cash flow Statement
Cash flow Statement RON mn 2018 2019 2020 2021 2022 Cash flow from operating activities (CFO) 7,385 6,803 5,556 6,997 11,337 Thereof, Change in net working capital (NWC) 32 -256 964 -433 -3,544 Cash flow from investing activities (CFI) -4,261 -3,556 -3,163 -2,253 -3,104 Cash flow from financing acti
Slide 70: Income Statement
Income Statement RON mn 2018 2019 2020 2021 2022 Sales 22,523 25,485 19,717 26,011 61,344 Clean CCS Operating Result 4,804 4,573 2,287 4,346 12,198 Thereof Exploration & Production 3,224 2,845 7 1,814 5,433 Refining & Marketing 1,335 1,501 1,454 2,041 4,019 Gas & Power 360 282 718 781 2,942 Corporat
Slide 71: Operating Result
Operating Result RON mn 2018 2019 2020 2021 2022 Clean CCS Operating Result 4,804 4,573 2,287 4,346 12,198 Thereof Exploration & Production 3,224 2,845 7 1,814 5,433 Refining & Marketing 1,335 1,501 1,454 2,041 4,019 Gas & Power 360 282 718 781 2,942 Corporate and Other -87 -89 -84 -87 -96 Consolida
Slide 72: Key financial indicators (consolidated)
Key financial indicators (consolidated) in RON mn 2018 2019 2020 2021 Q1/22 Q2/22 Q3/22 Q4/22 2022 Sales 22,523 25,485 19,717 26,011 11,898 13,683 18,667 17,096 61,344 Clean CCS Operating Result 4,804 4,573 2,287 4,346 2,241 3,660 4,230 2,067 12,198 Operating Result 1 5,213 4,245 1,467 3,709 2,185 3
Slide 73: Contact Investor Relations
Contact Investor Relations OMV Petrom Investor Relations Tel: +40 372 161 930 E-mail: investor.relations.petrom@petrom.com Homepage: www.omvpetrom.com Financial calendar 2023 April 26: Annual General Meeting of Shareholders April 28: Q1 2023 results July 28: Q2 2023 results October 31: Q3 2023 resul