Slide 1: OMV Petrom Q2/22 Results
OMV Petrom Q2/22 Results Christina Verchere, CEO July 28, 2022 OMV Petrom S.A.
Slide 2: Legal disclaimer
Legal 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 bei
Slide 3: Very high and volatile commodity prices
Very 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 24.4 4.6 4.3 4.4 18.3 4.1 4.2 114 102 80 78 90 69 67 74 71 79 7.2 7.5 4.3 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Avg USD/RON Avg EUR/R
Slide 4: Challenging Romanian environment
Challenging Romanian environment Geopolitical and regulatory context Romanian macro environment GDP strong GDP: Q1/221: 6.4% yoy; 2022e2: +3.5-4.5% yoy War in Ukraine rebound ► Romania’s security of supply: relatively low dependency on energy imports Inflation on an CPI: June 22/June 211: 15.1
Slide 5: Key messages Q2/22
Key messages Q2/22 Strong financial performance Clean CCS Operating result Operating Cash Flow Clean CCS ROACE RON 3.7 bn RON 3.7 bn 26.9% +330% yoy +148% yoy vs. 7.4% in Q2/21 Good operational performance Strategic focus Record high dividend to be paid in 2022, RON 4.5 bn1 Total refined product
Slide 6: Good operational performance in the context of mixed market demand
Good operational performance in the context of mixed market demand Exploration and Production Refining and Marketing Gas and Power Hydrocarbon production Refinery utilization rate Gas sales volumes kboe/d % TWh -10% -5% -5% -2% 134 123 122 121 120 100 101 12.3 12.7 98 11.2 11.1 11.0 65 91 61 60 58 5
Slide 7: Increasing CAPEX
Increasing CAPEX Group organic CAPEX1 RON bn 6m/22 2022E +40% Organic RON 1.4 bn: RON ~4.0 bn: ~4.0 CAPEX 21 new wells and sidetracks; >320 Wells and sidetracks: ~60; ~600 -7% workovers workovers 3.0 Energy efficiency and EOR projects Coke drums replacement 2.8 Ongoing projects in the
Slide 8: Continued focus on sustainability
Continued focus on sustainability Energy efficiency GHG intensity index Planting for Romania projects ~10% lower EUR 36 mn ~EUR 1.5 mn 2021 vs. 2019 Invested in 2021 Invested in 2021 H1/22: downward trend G2P 1.75 MW Continue the largest privately continued installed funded forestation campaign Sust
Slide 9: OMV Petrom Q2/22 Results - Alina Popa, CFO
OMV Petrom Q2/22 Results Alina Popa, CFO July 28, 2022 OMV Petrom S.A.
Slide 10: Income Statement: strong results
Income Statement: strong results Clean CCS Operating Result RON bn +292% +330% 5.9 Q2/22 Clean CCS Operating Result reflects: 3.7 1.5 ► Significantly higher commodity prices and refining margin 0.8 1.8 1.2 1.5 ► Higher sales volumes for fuels and power 0.9 0.2 3.0 0.4 0.1 1.9 0.7 ► Higher taxes 0.
Slide 11: Clean CCS Operating Results improved throughout all business segments
Clean CCS Operating Results improved throughout all business segments E&P 1,889 RON mn -28 14 35 Realized crude price +74% Higher gas price, partially offset by royalties and gas overtaxation 1,396 Positive FX effect on revenues 473 Lower production costs Hydrocarbon sales -10% Q2/21 Marke
Slide 12: Excellent cash flow generation
Excellent cash flow generation Cash Flow from Operating Activities RON bn +148% +140% 3.7 6.4 Q2/22 Cash Flow from Operating Activities: ► Increase driven by Operating Result 1.5 4.5 2.7 7.8 ► Negative NWC, higher yoy 1.7 3.3 -0.2 -0.8 -0.6 -1.4 Q2/21 Q2/22 6m/21 6m/22 Cash generated from operatin
Slide 13: Outlook
Outlook Indicators Actual Actual Assumptions/ Targets 2021 6m/22 2022 Brent oil price USD 70.9/bbl USD 107.9/bbl USD >100/bbl (prev. USD 95/bbl) Production in 127 kboe/d1 120 kboe/d Decline <7% yoy1 Romania (prev. ~7% yoy) Refining margin2 USD 5.5/bbl USD 15.2/bbl USD >15/bbl (prev. Significantly hi
Slide 14: Q&A
@ OMV Petrom The energy for a better life.
Slide 15: Back-up
OMV Petrom S.A. @ OMV Petrom The energy for a better life.
Slide 16: Sensitivities in 2022
Sensitivities in 2022 2022 sensitivities EBIT impact Brent oil price USD +1/bbl ~EUR +15 mn Equity gas price EUR +1/MWh ~EUR +10 mn OMV Petrom indicator USD +1/bbl ~EUR +25 mn refining margin Exchange rates USD appreciation ~EUR +75 mn EUR/USD by 5 USD cents 1 This sensitivity is valid for gas price
Slide 17: Clean CCS Operating Results improved throughout all business segments
Clean CCS Operating Results improved throughout all business segments E&P 2,995 RON mn -246 -5 86 Realized crude price +66% Higher gas price, partially offset by royalties and gas overtaxation 2,376 Positive FX effect on revenues 784 Lower depreciation and production costs Hydrocarbon sale