Omv Petrom Sa · BVB:SNP
Omv Petrom Sa — Shareholder Meeting (April 2014)
8 slides from Omv Petrom Sa's shareholder meeting presentation, Apr 29, 2014
Slide 1: Petrom Group 2013 Overview and 2014 Outlook
Petrom Group 2013 Overview and 2014 Outlook Mariana Gheorghe, CEO Bucharest, April 29, 2014 General Meeting of Shareholders
Slide 2: Romania's economy continued to recover in 2013
Romania’s economy continued to recover in 2013 Global macro economy and Oil market Global economic growth decreased to 2.8% from 3.2% in 2012 Global oil demand increased by 1.4% to 91.3 mn bbl/d Global oil supply rose by 0.7% to 91.6 mn bbl/d Average Urals price decreased by 2% to USD 108.3/bbl Roma
Slide 3: 2021 strategy: on track with delivery
2021 strategy: on track with delivery 2013: invest, optimize, explore new frontiers - G2P/CHP* projects ensure 40% of E&P electricity consumption - New gas desulfurization and sulfur recovery unit at Optimize Petrobrazi - KPMG validates Compliance Management in OMV Petrom - Start modernization of IC
Slide 4: Health Safety Security and Environment (HSSE) - Safer operations
Health Safety Security and Environment (HSSE) - Safer operations E&P LTIR1 Romania Significantly improved in 2013 1.6 Fatality rate in Romania reduced by 80% since 2008 1.11 > 50% reduction Petrom LTIR substantially improved2 (0.33 in 0.8 0.70 2013 better than international benchmark) 0.63 0.60 0.53
Slide 5: E&P - First yearly increase of production in Romania since privatization
E&P - First yearly increase of production in Romania since privatization Daily production in Romania Group production stable at 183 kboe Romania: 4 yrs stability despite ~10% average natural decline kboe/day Kazakhstan: daily production decreased by 9% -4% -2% 1% RRR of 32% in Romania in 2013: - oil
Slide 6: G&P - Challenging gas and power markets
G&P - Challenging gas and power markets Other* Gas sales, bcm ► Total gas consumption in Petrom gas sales 14.2 Romania down by 8% in 2013 15 13.1 13.8 13.6 12.5 ► Petrom gas sales slightly higher 10 than in 2012 Gas 5 ► Gas price liberalization positive 4.8 4.9 5.1 4.8 4.9 effects reflected in E&P 0
Slide 7: R&M - Good operational performance with high refinery utilization rate
R&M - Good operational performance with high refinery utilization rate Petrobrazi refinery utilization increased; fuel & loss ► Strong operating profit despite margin on a downward trend pressure Petrobrazi utilization,% Fuel & loss, % ► Highest Petrobrazi refinery utilization rate since privatisati
Slide 8: Outlook 2014
Outlook 2014 Market environment Average 2014 Brent oil price expected above USD 100/bbl Gas & power demand and electricity prices anticipated to remain under pressure Fuels volumes expected to be challenged by high price levels for international crude & oil products and fiscal measures in Romania Co