OMV AG · VIE:OMV

OMV — OMV Aktiengesellschaft — Non-Deal Roadshow (June 2021)

73 slides from OMV's roadshow presentation, June 2021

  1. Slide 1: Capital Market Story

    Capital Market Story June 2021 OMV Aktiengesellschaft

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward looking statements. Forward looking statements may be identified by the use of terms such as “outlook”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “target”, “objective”, “estimate”, “goal”, “may”, “will” and similar terms, or by their context.

  3. Slide 3: OMV at a glance – Three strong pillars, integrated along the value chain

    OMV at a glance – Three strong pillars, integrated along the value chain Chemical Recycling Mechanical (ReOil®) Recycling Exploration & Refining & Chemicals & Production Marketing Materials  5 core regions: CEE, MEA,  3 Refineries in Austria, Germany  75% share in Borealis, North Sea, Russia and

  4. Slide 4: Integrated business model comes with resilience and stability

    Integrated business model comes with resilience and stability Refinery utilization rates  OMV’s refining business is highly ~50% OMV versus EU 16 peers integrated with its own retail Captive refining 94% business and its chemical demand from 90% business retail and Borealis 79% 81% OMV European Ref

  5. Slide 5: Global footprint – Strong European core and well positioned to benefit from demand in growth markets

    Global footprint – Strong European core and well positioned to benefit from demand in growth markets Integrated Germany: The Burghausen refinery is highly integrated with the Borealis Burghausen site Romania: Around 80% equity crude oil supplies at Petrobrazi refinery position in: Austria: Around 10

  6. Slide 6: Why invest

    Why invest Integrated Focus on non-energy Well positioned to business model chemical products, become a leading along the value and thus transitioning player in the chain for business circular economy success in a low- carbon future Clear commitment Resilient operating Progressive dividend to the Pa

  7. Slide 7: Strategic priorities 2025

    Strategic priorities 2025 STRATEGIC PRIORITIES FINANCIAL FRAMEWORK ► Transition into an integrated ► Clean CCS operating result of chemical company EUR ≥5 bn by 2025 ► Continue to leverage the proven ► Cash flow from operating activities 1 concept of integration along the of EUR ≥5 bn by 2025 value

  8. Slide 8: Strategic priorities 2025

    Strategic priorities 2025 EXPLORATION & PRODUCTION CHEMICALS & MATERIALS REFINING & MARKETING ► Run portfolio for value, harvesting the cash flow ► Leverage Borealis as platform for chemicals growth ► Maintain production corridor of ► Realize integration synergies with Borealis ~450-500 kboe/d, with

  9. Slide 9: ESG ratings make OMV a leader among its peers

    ESG ratings make OMV a leader among its peers Relative rating top 10% top 10% top 5% top 11% vs industry peers 28.4 SCORE 72 AAA B– (medium risk) 9 | OMV Capital Market Story, June 2021 Publication dates of results: DJSI November 2020, MSCI December 2020, ISS-ESG August 2020, Sustainalytics October

  10. Slide 10: NET-ZERO 2050 or sooner

    OMV’s net-zero ambition for Scope 1 & 2 emissions  We will leave familiar paths to develop fundamentally innovative low-emission NET-ZERO technologies  We will push innovative approaches like Scope 1 & 2 emissions carbon capture and storage/usage in our operations as well as hydrogen by 2050 or so

  11. Slide 11: OMV is committed to the goals of the Paris Climate Change Agreement

    OMV is committed to the goals of the Paris Climate Change Agreement – New, more ambitious emission targets for 2025 SCOPE 1 – target 2025 (vs. 2010) SCOPE 3 – target 2025 (vs. 2010) Reduce the carbon intensity of operations 1 by Reduce the carbon intensity of product portfolio 2 by ≥30% (previously

  12. Slide 12: Focus on natural gas in Exploration & Production, while becoming a leading integrated gas supplier

    Focus on natural gas in Exploration & Production, while becoming a leading integrated gas supplier  In Exploration & Production, we focus on natural gas and target a share of natural gas of around 60%  In Marketing, OMV targets to become the leading integrated gas supplier from Northwest to Southe

  13. Slide 13: Repositioning refining for a low carbon future

    Repositioning refining for a low carbon future 1 Operational Efficiency 2 More sustainable and bio-based fuels 3 Circular Economy 4 More Hydrogen ► Various measures to ► Investments of ► ReOil® – patented ► Investments in green increase the efficiency around EUR 200 mn in technology, converting of h

  14. Slide 14: Strong partnerships set up across sectors for hydrogen

    Strong partnerships set up across sectors for hydrogen H2Accelerate – Collaboration to Phase I: Phase II (2025+): create conditions for the mass-  Rollout of first  10,000+ trucks market roll-out of hydrogen trucks stations and  Europe wide coverage in Europe trucks of main corridors Construction

  15. Slide 15: Borealis joins the OMV family – Extending the value chain towards more valuable products

    Borealis joins the OMV family – Extending the value chain towards more valuable products Exploration & Refining & Chemicals & Industries Production Marketing Materials Automotive Gas Fertilizers Consumer Products Energy Oil & Gas production Refining Polymers Advanced Products Pipes & Fittings Fuels

  16. Slide 16: Borealis at a glance – Leading polyolefin producer with a focus on innovation

    Borealis at a glance – Leading polyolefin producer with a focus on innovation  Long history and expertise in polyolefins business, established 25 years ago by three oil & gas companies (Neste, OMV, Statoil)  Global footprint in ~250 mn t global polyolefin market, showing above GDP growth  Leading

  17. Slide 17: Borealis has a strong financial track record

    Borealis has a strong financial track record Operating result (incl. JVs) Cash flow from operating activities (incl. JV dividends) EUR mn Net profit from associates EBIT EUR mn 1,530 1,558 1,425 1,334 1,225 1,281 1,206 1,187 1,102 1,092 991 731 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019

  18. Slide 18: Polyolefins continue to show above-average market growth

    Polyolefins continue to show above-average market growth Polyolefin demand by region  Polyolefin market (representing ~50% of mn t global polymer market) growing above global CAGR GDP and showing higher increase vs. 2020-2030 351 remaining polymer market 34  Strong global increase by ~100 mn t, 4.

  19. Slide 19: OMV becomes #1 in ethylene and propylene capacity in Europe

    OMV becomes #1 in ethylene and propylene capacity in Europe Top ethylene & propylene capacities in Europe, ► OMV’s global monomer capacity will 2019, mn t increase by over 50% to 6.4 mn t OMV 1 2.0 2.0 0.7 4.7 ► Thereof European ethylene and propylene: 4.0 mn t Ineos 4.4 ► Thereof aromatics and buta

  20. Slide 20: OMV extends value chain into polymers, immediately becoming one of the world's leading producers

    OMV extends value chain into polymers, immediately becoming one of the world’s leading producers Top 10 polyolefins capacities Globally, 2019 ► Borealis deal extends value chain, Mn t providing a natural hedge against cyclicality Sinopec 13.5 ► Integrated value chain allows margin Exxon 12.9 optimiz

  21. Slide 21: Borealis well positioned to participate in market expansion via global growth projects

    Borealis well positioned to participate in market expansion via global growth projects Europe Americas Middle East & Asia-Pacific © Total Belgium – new PDH 1 plant in Kallo, Texas (US) – Baystar JV with Total Abu Dhabi – Borouge located in proximity to Port of Antwerp ► Cost advantaged feedstock Eth

  22. Slide 22: Borealis is a technology leader with innovative solutions and strong direct customer relations

    Borealis is a technology leader with innovative solutions and strong direct customer relations Innovative company Borstar® Excellent customer relations 6,900 patents granted  Borstar® is a multi-modal More than 2,500 direct and 3,000 patents proprietary technology customers and strong pending as of

  23. Slide 23: Leading polyolefin producer with strong global market presence and resilient portfolio focusing on specialties

    Leading polyolefin producer with strong global market presence and resilient portfolio focusing on specialties  Large share of specialty products and application know-how, increasing earnings resilience (60% margin share)  Leading supplier in the Energy and Pipe industry  One of the largest produ

  24. Slide 24: Borealis providing solutions to growing energy market

    Borealis providing solutions to growing energy market  Long-distance energy  Ongoing innovations Leading supplier to transportation with 640 kV like encapsulation the energy industry DC cable – world record! materials and backsheets  BorlinkTM technology for solar modules  Strong market growth p

  25. Slide 25: OMV aims to become a significant player in circular economy

    OMV aims to become a significant player in circular economy Total investments of up to EUR 1 bn for innovative sustainable solutions planned until 2025 & Waste collection Design for recycling & Chemical recycling mechanical recycling ► Borealis is a co-founder of the ► ReOil® – patented technology,

  26. Slide 26: Mechanical Recycling – Borealis acts as frontrunner in transforming the industry toward circularity

    Mechanical Recycling – Borealis acts as frontrunner in transforming the industry toward circularity ► Borealis has the right capabilities to develop solutions for its customers ► Borealis leading in circular economy solutions ► Four mechanical recycling plants in Austria and Germany (~100,000 t p.a.

  27. Slide 27: Chemical Recycling – OMV's proprietary ReOil technology

    Chemical Recycling – OMV’s proprietary ReOil® technology – Substitution of crude oil by post-consumer plastics Synthetic Refinery/  Converts used plastics under moderate crude oil petchem process pressure and normal refinery operating temperatures into synthetic crude oil  Synthetic crude oil can

  28. Slide 28: Borealis will substantially strengthen OMV's operating cash flow

    Borealis will substantially strengthen OMV’s operating cash flow OMV Operating cash flow excluding changes in net working capital EUR bn ≥5 4.3 4.2 3.9 3.2 3.0 2.8 2015 2016 2017 2018 2019 2020 2025 28 | OMV Capital Market Story, June 2021

  29. Slide 29: OMV Group – Good organic free cash flow of EUR 1.3 bn in 2020

    OMV Group – Good organic free cash flow of EUR 1.3 bn in 2020 Cash flow development  Decrease in operating cash flow, mostly EUR bn driven by Exploration & Production due to lower oil and gas prices 4.3  Continued strong organic free cash flow generation, even during the crisis, thanks to OMV’s sw

  30. Slide 30: Borealis – Strong and stable cash flow generation in 2020

    Borealis – Strong and stable cash flow generation in 2020 Borealis Operating cash flow 2020 Uses of cash in 2020 (including dividends from at-equity participations)  Running CAPEX of around EUR 0.5 bn p.a. EUR bn  Dividends 1.6  M&A 1.5  Acquisition of NOVA Chemicals’ 50% ownership interest in N

  31. Slide 31: OMV Group – New record in cash flow generation from operating activities in Q1/21

    OMV Group – New record in cash flow generation from operating activities in Q1/21 following the full consolidation of Borealis Cash flow from operating activities excluding net working capital effects  Operating cash flow ─ excluding net working EUR bn capital effects ─ more than doubled to 1.7 EUR

  32. Slide 32: Borealis synergies of at least EUR 800 mn by year-end 2025

    Borealis synergies of at least EUR 800 mn by year-end 2025 ≥800 EUR mn by year-end 2025 Operational cost savings ~200 ~200 ~200 Combined purchasing ~150 Debottlenecking 50-80 Value chain optimization Tax benefits 2021 2022 2023 2024 2025 32 | OMV Capital Market Story, June 2021

  33. Slide 33: Capital allocation

    Capital allocation 1 ORGANIC CAPEX 2 DEBT REDUCTION PROGRESSIVE 3 DIVIDEND POLICY 33 | OMV Capital Market Story, June 2021

  34. Slide 34: Disciplined capital spending supports high free cash flows from combined businesses

    Disciplined capital spending supports high free cash flows from combined businesses Organic CAPEX  Total organic CAPEX are forecast at EUR bn EUR 2.7 bn for 2021 2.5 - 3.0  thereof EUR 0.2 are related to non-cash items 2.7 2.7  40% of OMV’s organic CAPEX for Chemicals & 2.4 Materials as well as c

  35. Slide 35: High share of transformation projects in 2021 organic CAPEX

    High share of transformation projects in 2021 organic CAPEX Conventional 40% for transformation to business chemicals and low carbon  Energy efficiency reduces emissions  Steam turbine overhaul in Schwechat  Qpinch heat recovery at Borealis Total  RTO to cut emissions and energy use at Borealis’

  36. Slide 36: Deleveraging well on track

    Deleveraging well on track Net debt and gearing ratio excluding leases EUR bn, % 8.1 7.9 Signed divestments End of March 2021 OMV cash position 1 3.6 41% Gearing ratio 37% excl. leases EUR 3.5 bn 35% 32% Gearing ratio excl. 2.7 leases considering End of March 2021 OMV divestments signed undrawn comm

  37. Slide 37: OMV has a strong track record in active portfolio management

    OMV has a strong track record in active portfolio management – OMV will reduce debt while delivering on dividend policy DPS DPS Progressive EUR EUR dividend policy reconfirmed 1.00 Acquisitions 1.75 Borealis acquisition EUR 6 bn EUR 3.8 bn 2015 2019 End-2021 Divestments: Divestment program EUR 3 bn

  38. Slide 38: EUR 2 bn divestment program well on track

    EUR 2 bn divestment program well on track, thereof EUR 1.5 bn closed/signed Closed divestments  51% share in Gas Connect Austria  Kazakhstan Upstream operations Other 2.0 bn divestments Signed divestments EUR  OMV retail network in Germany  E.g. Borealis  OMV operations in Slovenia NITRO busine

  39. Slide 39: Clear commitment to progressive dividend policy

    Clear commitment to progressive dividend policy OMV aims to increase dividends every year or at least to maintain the level of the respective previous year. 39 | OMV Capital Market Story, June 2021

  40. Slide 40: New record dividend proposal for 2020 in line with our progressive policy

    New record dividend proposal for 2020 in line with our progressive policy Dividend per share EUR 1.85 1.75 1.75 1.50 1.20 1.00 2015 2016 2017 2018 2019 2020 40 || OMV Capital Market Story, June 2021

  41. Slide 41: Facts & Figures – Exploration & Production

    Facts & Figures – Exploration & Production 41 | OMV Capital Market Story, June 2021

  42. Slide 42: Exploration & Production – Improved portfolio, lower cost

    Exploration & Production – Improved portfolio, lower cost Production volume Production cost Kboe/d USD/boe +53% +53% (50)% -50% 487 13.2 463 1 427 Asia-Pacific 10.6 348 MEA 8.8 303 311 North Sea 7.0 6.6 6.6 Russia CEE 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 42 | OMV Capital Marke

  43. Slide 43: Exploration & Production – Strengthened reserve base

    Exploration & Production – Strengthened reserve base 1P Reserves Reserve Replacement Rate Mn boe 3 years Ø RRR, % 1,332 1,337 166 1,270 160 1,146 138 1,030 116 70 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 43 | OMV Capital Market Story, June 2021

  44. Slide 44: Successful strategy execution in Exploration & Production

    Successful strategy execution in Exploration & Production Developed Asia-Pacific  Expanded footprint in New Zealand by increasing stake in existing into core region producing assets  Partnered with Sapura’s upstream business in Malaysia – Platform for further regional growth, capitalizing on growi

  45. Slide 45: Upstream – Major projects

    Upstream – Major projects Project Execution Project Country Type Production start Cum. production Peak production Working interest Operated FID primary year mn boe kboe/d % year Nawara Tunisia Gas 2020 40-50 ~10 50.0 by OMV 2014 SARB/Umm Lulu UAE Oil 2018 450 ~43 20.0 no 2013 Ghasha Phase 1 UAE Gas

  46. Slide 46: Facts & Figures – Refining & Marketing

    Facts & Figures – Refining & Marketing 46 | OMV Capital Market Story, June 2021

  47. Slide 47: Continuous cost and performance programs lead to a top position in European refining benchmarking

    Continuous cost and performance programs lead to a top position in European refining benchmarking HSB Solomon Associates LLC top ranking for Schwechat and Burghausen 1 and upside for Petrobrazi Net Cash Margin Net Cash Margin Net Cash Margin Schwechat, in USD/bbl Burghausen, in USD/bbl Petrobrazi, i

  48. Slide 48: Sustainable Refinery – OMV invests around EUR 200 mn in biofuel production at Schwechat Refinery

    Sustainable Refinery – OMV invests around EUR 200 mn in biofuel production at Schwechat Refinery Biofuel production at ► Converting up to 160,000 metric tons of liquid biomass, Annual savings of Schwechat refinery substituting fossil diesel via up to 360,000 OMV’s co-processing approach. metric tons

  49. Slide 49: Strong profit contribution from the retail business

    Strong profit contribution from the retail business Profitability turnaround in last 6 years Highly efficient retail stations AT average DE average Operating Result per filling station, EUR 1,000 1 Average throughput per station, mn liters 1 2 RO average OMV Group >180 >180 3.6 3.7 3.8 ~3.8 ~25% 10

  50. Slide 50: Internationalization of OMV – Benefitting from an integrated position in UAE

    Internationalization of OMV – Benefitting from an integrated position in UAE OMV’s integrated value chain in the United Arab Emirates enhances profitability, increases optionality and reduces volatility Production Refining & Trading Petrochemicals/Polymers Sarb and Umm 20.0% 15.0% ADNOC Refining OMV

  51. Slide 51: ADNOC Refining – Key facts

    ADNOC Refining – Key facts ► Refining capacity of 922 kbbl/d: ► Ruwais Refinery East: 420 kbbl/d ► Ruwais Refinery West: 417 kbbl/d ► Abu Dhabi Refinery: 85 kbbl/d Dubai ► Petrochemical production: 1.7 mn t p.a. Abu Dhabi ► Associated infrastructure: Ruwais site ► Advanced logistics networks, utilit

  52. Slide 52: ADNOC Refining – Platform for further profitable growth

    ADNOC Refining – Platform for further profitable growth SELF-FUNDED GROWTH Profitable long-term growth pipeline Integrate in petchem Increase feedstock value chain  Detailed feasibility studies for future Operational excellence projects ongoing flexibility (eg. new refinery)  Upgrade naphtha strea

  53. Slide 53: Facts & Figures – Borealis

    Facts & Figures – Borealis 53 | OMV Capital Market Story, June 2021

  54. Slide 54: OMV closed transformative agreement for increasing its share in Borealis to 75%

    OMV closed transformative agreement for increasing its share in Borealis to 75%  OMV acquired additional 39% share in Borealis, increasing its share to a controlling interest of 75%  Purchase price of USD 4.68 bn  OMV is entitled to dividends distributed after 31 December 2019  Cash-out (net cas

  55. Slide 55: Borealis has a global footprint

    Borealis has a global footprint Stenungsund Porvoo • Ethylene: 380 kt • PE: 390 kt • Ethylene: 620 kt • Propylene: 230 kt • PP: 220 kt • Propylene: 230 kt • Aromatics & butadiene: 175 kt • Phenol & Acetone: 300 kt • PE: 770 kt Antwerp • Comp.: 42 kt Geleen • PE: 120 kt • Others: 120 kt • Comp: 90 kt

  56. Slide 56: Borouge, the largest polyolefin site in the world

    Borouge, the largest polyolefin site in the world – benefitting from competitive feedstock and access to Asian growth markets ► The world’s largest integrated polyolefins complex ► JV between ADNOC (60%) and Borealis (40%) established in 1998, first operations started in 2001 ► Following the start u

  57. Slide 57: Together with Borouge and Baystar, Borealis supplies polyolefins across the globe

    Together with Borouge and Baystar, Borealis supplies polyolefins across the globe PO sales volume and regional split 1 mn t 8.6 8.6 8.2 0.4 Baystar Americas 8% 7.5 7.4 7.1 6.8 Middle East, Africa 21% 3.8 Borealis CIS 2% 5.3 5.5 5.1 5.3 Europe 33% 4.0 4.4 Borouge Asia 36% 2010 2011 2012 2013 2014 201

  58. Slide 58: Borealis benefits from feedstock cost advantage, integration, and high flexibility

    Borealis benefits from feedstock cost advantage, integration, and high flexibility  Central Europe Average feedstock flexibility at Borealis’ crackers  Integration with OMV refineries, over the fence supply with ethylene and propylene Naphtha  Nordics/Benelux 15-50% Propane  High feedstock flexi

  59. Slide 59: Appendix

    Appendix 59 | OMV Capital Market Story, June 2021

  60. Slide 60: Outlook 2021

    Outlook 2021 2020 Outlook 2021 Brent oil price (USD/bbl) 42 60–65 Average realized gas price (EUR/MWh) 8.9 >11 Total hydrocarbon production (kboe/d) 463 ~ 480 OMV indicator refining margin Europe (USD/bbl) 2.4 >2.4 Utilization rate European refineries (%) 86 86 Europe ethylene indicator margin (EUR/

  61. Slide 61: Sensitivities of the OMV Group results in 2021

    Sensitivities of the OMV Group results in 2021 Annual impact excl. hedging Clean CCS Operating Result Operating cash flow in EUR mn Brent oil price (USD +1/bbl) +60 +25 Realized gas price (EUR +1/MWh) 1 +150 +100 OMV indicator refining margin Europe (USD +1/bbl) +110 +85 Ethylene/propylene indicator

  62. Slide 62: Macro environment – improved crude oil and gas prices, record high polyolefin margins

    Macro environment – improved crude oil and gas prices, record high polyolefin margins Oil prices & Refining Indicator Margin Olefin indicator margins Europe 2 USD/bbl EUR/t Average Brent price Average realized crude price 70 4.9 5 700 OMV Refining Indicator Margin Ethylene Propylene 60 4 600 50 55 5

  63. Slide 63: OMV reacted swiftly to COVID-19 crisis – Multi-billion action plan

    OMV reacted swiftly to COVID-19 crisis – Multi-billion action plan to safeguard financial strength OMV Reaction: Reduce organic investments by around 30%  OMV is responding the 1 to around EUR 1.7 bn excluding Borealis in 2020 current situation with targeted measures to safeguard the company’s 2 Cu

  64. Slide 64: Stringent cost discipline

    Stringent cost discipline OPEX savings In EUR mn ~ 650  Operational efficiency in all business units >460  Process optimization and >430 harmonization >330  Capture economies of scale and strictly manage overhead costs >200  Leverage digitalization and optimize IT processes  Procurement savings

  65. Slide 65: Clean CCS Operating Result – higher realized oil prices, record high polyolefin margins

    Clean CCS Operating Result – higher realized oil prices, record high polyolefin margins, and full consolidation of Borealis Clean CCS Operating Result Clean CCS net income attributable Clean CCS Earnings Per Share EUR mn to stockholders EUR Exploration & Production Corporate & Other EUR mn Refining

  66. Slide 66: Strong balance sheet

    Strong balance sheet Group statement of financial position 51.9 EUR bn 49.3 40.4 21.2 Equity 21.7 37.0 19.9 22.6 31.6 16.9 15.3 20.6 18.4 Long-term bonds and 10.3 other long-term Tangible & 14.3 10.2 interest-bearing debt intangible assets 16.3 13.6 6.8 13.1 4.9 Long-term decommissioning 3.7 and res

  67. Slide 67: Financing – Successful financing activities

    Financing – Successful financing activities Date of issue Bond Amount in EUR mn Coupon in % Maturity September 2020 Hybrid bond (XS2224439385) 750 2.50 fixed 1 Perp-NC6 September 2020 Hybrid bond (XS2224439971) 500 2.875 fixed 1 Perp-NC9 June 2020 Eurobond (XS2189614014) 750 0.00 fixed 16/06/2023 Ju

  68. Slide 68: Rating agencies confirm financial strength

    Rating agencies confirm financial strength A3 Outlook negative March 16, 2020 A- Outlook negative March 13, 2020 68 | OMV Capital Market Story, June 2021

  69. Slide 69: Shareholders – Diversified international shareholder base

    Shareholders – Diversified international shareholder base Shareholder structure 1 Geographical distribution of institutional investors 1 56.4% 0.5% Consortium 31.5% 2.3% 11% agreement – 28% ÖBAG & MPPH 11% 327.3 mn 4% 28.6% shares 7% 24.9% 8% 20% 11% 12.1% 43.2% Free float United States Austria Unit

  70. Slide 70: External recognition of Best-in-Class ESG performance

    External recognition of Best-in-Class ESG performance Member of Rated by "Leadership A–" rating in the climate change category. OMV is one of the top 14 companies in the global oil and Eurozone 120 gas sector. & Europe 120 since 2016 since 2020 since 2018 Prime Status by ISS ESG, with B– score since

  71. Slide 71: Corporate Governance – OMV has a two-tier Board structure

    Corporate Governance – OMV has a two-tier Board structure Supervisory Board  Two boards with distinctive roles:  Executive Board (EB) responsible for managing the company and representing it vis à vis third parties  Supervisory Board responsible for monitoring and guiding the EB  Supervisory Boa

  72. Slide 72: Key additions to the Remuneration Policy for the Executive Board introduced in 2020

    Key additions to the Remuneration Policy for the Executive Board introduced in 2020 Objectives Measures taken  Consideration of explicit sustainability criteria Emphasising (CO2 efficiency and diversity) in the LTIP sustainability  Strengthening of the Equity Deferral (in future, at least 1/3 of t

  73. Slide 73: Summary of variable remuneration 2021

    Summary of variable remuneration 2021 Annual Bonus & Equity Deferral Long-Term Incentive Plan (LTIP) 80% 80% Financial Targets Financial Targets ► 40% Reported Net ► 40% Clean CCS Income1 ROACE 2 ► Fatal accidents at work ► 45% Free ► 35% Relative Total (3-year average) Cash Flow3 Shareholder Return

OMV Aktiengesellschaft — Non-Deal Roadshow (June 2021) on 6ix