Omv Petrom Sa · BVB:SNP
Omv Petrom Sa — Shareholder Meeting (April 2024)
9 slides from Omv Petrom Sa's shareholder meeting presentation, Apr 24, 2024
Slide 1: General Meeting of Shareholders: 2023 Overview and Strategy execution
General Meeting of Shareholders OMV Petrom 2023 Overview and Strategy execution Christina Verchere, CEO and President of the Executive Board April 24, 2024
Slide 2: Agenda
Agenda Highlights 2023 Strategy execution 2 OMV Petrom S.A. - General Meeting of Shareholders
Slide 3: 2023 Romanian environment
2023 Romanian environment Mixed demand evolution despite economic growth GDP 1 +2.1% CPI inflation 2 +6.6% Demand in Romania Fuels 3 +3% Gas -7% Power 4 -5% Changes for all indicators are yoy, unless otherwise stated; 1 Romanian National Institute of Statistics (seasonally adjusted, March 2024 repor
Slide 4: Market context: Lower commodity prices
Market context Lower commodity prices Brent price 83 USD/bbl (-18%) Refining margin 14.0 USD/bbl (-16%) BRM day ahead avg. price 197 RON/MWh (-66%) OPCOM baseload price 514 RON/MWh (-61%) 4 OMV Petrom S.A. - General Meeting of Shareholders
Slide 5: Financial highlights
Financial highlights Lower net income, yet higher CAPEX and dividends Net income 4.0 bn RON (-61%) Investments 4.7 bn RON (+32%) Contributions to state budget 16 bn RON (-19%) 2023 base dividend proposal* 2.6 bn RON (+10%) * Subject to approval of the Annual General Meeting of Shareholders on April
Slide 6: Operational performance
Operational performance Resilient performance 113 thousand barrels E&P production per day (-5%) 80% Refinery utilization rate (-15 pp) 3.1 mn tons Retail volumes (+1%) Gas sales to 38 TWh third parties (+6%) Net electrical 4.2 TWh output (-17%) 6 OMV Petrom S.A. - General Meeting of Shareholders
Slide 7: Strategy 2030 in action: Outstanding year for strategy execution
Strategy 2030 in action Outstanding year for strategy execution Neptun Deep • FID taken in June 2023 • >80% of execution contracts awarded • Reserves recognition contributing to 207% RRR Renewable power • CE Oltenia partnership1: 450 MW; EU financing contract signed • Acquisition of Teleorman PV pro
Slide 8: Strategy 2030 in action: 2024 focus areas
Strategy 2030 in action 2024 focus areas Transition to low and zero carbon • Renewable power: continue developing our renewables portfolio • Biofuels: progress with 1st SAF/HVO production unit • Green hydrogen: progress towards FID • Alternative mobility: further expand EV charging network Grow regi
Slide 9: @ OMV Petrom
@ OMV Petrom