Omv Petrom Sa · BVB:SNP
Omv Petrom Sa — Investor Presentation (April 2025)
74 slides from Omv Petrom Sa's investor presentation, April 2025
Slide 1: Capital Market Story
Capital Market Story April 2025
Slide 2: 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 3: Contents
Contents 1 | Investment proposition 2 | Strategy 2030 3 | Q4/24 results 4 | Outlook 5 | FY24 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 up. T
Slide 4: OMV Petrom strong investment proposition
OMV Petrom strong investment proposition Sustainable growth in energy, value and dividends Integrated energy Growing cash flows Highly competitive Transforming company developing and maintaining dividend for a lower largest offshore gas strong profitability distributions3 carbon future resource1 in
Slide 5: Highly competitive dividends
Stronger commitment to shareholders Highly competitive dividends Dividend Policy Strong commitment by 2030 Base dividend Total dividends Paying progressive base dividend, (base and special) in line with financial performance and investment needs, considering the long-term financial health of the Com
Slide 6: 2024 – another year with a proposed progressive base dividend
Attractive payout ratios 2024 – another year with a proposed progressive base dividend Dividend per share evolution Progressive base Special dividend dividend RON/share 0.0825 0.0791 0.0713 2024 potential special dividend: decision to be announced mid-2025 0.0450 0.0450 0.0300 0.031 0.031 0.027 +196
Slide 7: Largest integrated energy producer in South-Eastern Europe
Our business model Largest integrated energy producer in South-Eastern Europe Moldova Ukraine Romania 64 Moldova Romania 166 48% 47% Production 1P reserves Black Sea 40 mn boe 395 mn boe 391 Refinery Serbia 52% 53% Gas-fired power plant Gas Oil 64 Romania – Neptun Deep 93 Bulgaria Bulgaria Bulgaria
Slide 8: In top 3 of BSE listed companies by market capitalization
Shareholder structure and capital market environment In top 3 of BSE listed companies by market capitalization OMV Petrom S.A. shareholder structure1 Share price performance4 % Index Dec 2021 = 100 28% 51% 21% OMV2: Austria’s leading integrated international oil and gas company Share information Rom
Slide 9: Contents
Contents 1 | Investment proposition 2 | Strategy 2030 • Overview & delivery • Energy context • Transition to low & zero carbon • Grow regional gas • Optimize traditional business • Financial frame 3 | Q4/24 results 4 | Outlook 5 | FY24 results 6 | Appendix 9 OMV Petrom Capital Market Story – April 2
Slide 10: 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 oper
Slide 11: Building a diversified, integrated energy transition business
OMV Petrom Strategy 2030 Building a diversified, integrated energy transition business OMV Petrom portfolio 2030 Clean CCS EBIT CAPEX % % > EUR 1.5 bn ~ EUR 11 bn 7 15 6 35 Renewable power Gas Biofuels 35 Gas based Alternative 20 power mobility 100 87 Blue & Fuels green H2 Adding 50 45 5 low carbon
Slide 12: Enabling our transformation
Digitalization and People Enabling our transformation Digitalization with impact People make it happen Leveraging digitalization to accelerate transformation Excellence in business operations via simplification, standardization & automation care Outstanding customer experience curious via mobile and
Slide 13: Delivering on our Strategy 2030
OMV Petrom Strategy 2030 Delivering on our Strategy 2030 Strategy 2030 Underway Double digit Strong financial Experienced proven resilient with Neptun Deep returns on framework and management team against backdrop development – investments in low peer leading with proven ability of significantly ons
Slide 14: Significant milestones achieved since 2021
Strategy 2030 execution Significant milestones achieved since 2021 ✓ Optimize ✓ Grow ✓ Low ✓ GHG traditional regional and zero reduction business gas carbon ● Near field discoveries ● Neptun Deep ● Strong portfolio of renewable ● Scope 1-2 emissions: -17%4 projects ● Lowest yoy production decline in
Slide 15: Continue to deliver on our sustainability targets
Sustainability highlights Continue to deliver on our sustainability targets Clear support for Paris ESG ratings 3 Climate Agreement Medium risk -13% -80% (28.9) Previous: Medium Carbon intensity, Methane intensity (24.4) E Scope 1&21 in E&P1 B4 Previous: A- 30% ~30mn EUR Women in Social C+ S managem
Slide 16: Contents
Contents 1 | Investment proposition 2 | Strategy 2030 • Overview & delivery • Energy context • Transition to low & zero carbon • Grow regional gas • Optimize traditional business • Financial frame 3 | Q4/24 results 4 | Outlook 5 | FY24 results 6 | Appendix 16 OMV Petrom Capital Market Story – April
Slide 17: Romania: the fastest growing economy in the EU
Energy context Romania: the fastest growing economy in the EU Romanian GDP per capita Demand2 in Romania 2030 vs 2023 2040 vs 2030 set to grow1 Gasoline +5% -30% CAGR % Diesel +5% -30% 4.2 Jet +25% +5% 2.7 Gas +25% -30% 1.8 Power +15% +20% thereof renewable3 +140% +100% thereof EV (TWh) +14 +5 2023-
Slide 18: Contents
Contents 1 | Investment proposition 2 | Strategy 2030 • Overview & delivery • Energy context • Transition to low & zero carbon • Grow regional gas • Optimize traditional business • Financial frame 3 | Q4/24 results 4 | Outlook 5 | FY24 results 6 | Appendix 18 OMV Petrom Capital Market Story – April
Slide 19: Key directions
Decarbonization strategy Key directions Decarbonize current operations Expand lower carbon gas business Pursue new low and zero carbon business opportunities 19 OMV Petrom Capital Market Story – April 2025
Slide 20: Leading the energy transition in Romania and SE Europe
Decarbonization strategy Leading the energy transition in Romania and SE Europe We are enabling: Scope 1 – 21 GHG emissions mn t CO2 eq ● Neptun Deep - largest gas resource in the EU -30% 4.7 -17% ● One of the largest new solar and wind power 3.9 2030 Scope portfolios in Romania 1-2 Intensity ● Larg
Slide 21: Largest new solar and wind power portfolio in Romania
Increased and accelerated plans in renewable power Largest new solar and wind power portfolio in Romania Key figures by 2030 We built a strong portfolio… Increased targets enabled by partnerships ● Profitable mix between M&A and and CAPEX ~2.5 GW organic projects capacity (GW)1 target capacity insta
Slide 22: Becoming the first major producer of renewable fuels in SE Europe
Decarbonizing customers’ transportation: SAF/HVO Becoming the first major producer of renewable fuels in SE Europe FID taken for: CAPEX for FID-ed units Our new targets by 2030 EUR mn 250 kta SAF/HVO and 750 Biofuels ~8 kta green H2 kta production 250 2 300 SAF/HVO (prev. 600) Increasing biofuels de
Slide 23: Consolidating our position as 1st choice mobility provider in Romania
Decarbonizing customers’ transportation: E-mobility Consolidating our position as 1st choice mobility provider in Romania >5,000 CPs1 CAPEX for 2024-2030 Our increased target EUR mn No. of CPs Increased 2030 target ~160 ~270 ~1,000 >5,000 Capture early mover (prev. 500) advantage and increasing dema
Slide 24: Unique opportunities beyond renewable power, biofuels, e-mobility
New energy technologies Unique opportunities beyond renewable power, biofuels, e-mobility CCS Other high potential technologies Competitive advantages in CO2 storage ● Potential for strong demand for lower H2 and zero-carbon H2 ● In-depth knowledge of geological structures ● Exploring integrated H2
Slide 25: Investing to 2030 in projects with double-digit returns
Increase our low and zero carbon businesses Investing to 2030 in projects with double-digit returns HVO/SAF, Biofuels Green and blue H2 ~EUR 0.9 bn ~EUR 0.4 bn Capex1 ~35% ~EUR 3.7 bn New technologies FID-ed IRR ~EUR 1.2 bn 10-15% Renewable power and Energy storage Alternative / e-mobility ~EUR 1.0
Slide 26: Contents
Contents 1 | Investment proposition 2 | Strategy 2030 • Overview & delivery • Energy context • Transition to low & zero carbon • Grow regional gas • Optimize traditional business • Financial frame 3 | Q4/24 results 4 | Outlook 5 | FY24 results 6 | Appendix 26 OMV Petrom Capital Market Story – April
Slide 27: Black Sea – a unique opportunity for OMV Petrom and the region
Grow regional gas Black Sea – a unique opportunity for OMV Petrom and the region Black Sea – a stepping-stone to greater energy security in South-East Europe OMV Petrom – Operator of two deep offshore neighboring blocks, leveraging Neptun Deep strong experience OMV Petrom - Operator ● Neptun Deep –
Slide 28: Neptun Deep: A game-changer project – set for success
Neptun Deep A game-changer project – set for success Strong team capabilities Robust project fundamentals Proven development concept Novel technology ● International team with extensive Project view (100% interest) Domino: to produce via two ● Fully remotely operated experience in delivering global
Slide 29: Very low carbon intensity operations by industry standards
Neptun Deep Very low carbon intensity operations by industry standards Direct GHG emissions per unit of hydrocarbon production kg CO2 per boe ✓ Neptun Deep will significantly contribute to our 30% reduction target of the Scope 1-2 carbon intensity 2 16.6 ✓ Depletion Driven Concept – The natural pres
Slide 30: On track to deliver first gas in 2027, on budget
Neptun Deep On track to deliver first gas in 2027, on budget Exploration Exploration&&Appraisal Appraisal Development Development 2008-2022 2023 2024 2025 2026 2027 OMVP became FDP approval by Drilling and Permitting & operator of ND FID NAMR construction Approvals Aug 2022 Jun 2023 Aug 2023 permitt
Slide 31: Contents
Contents 1 | Investment proposition 2 | Strategy 2030 • Overview & delivery • Energy context • Transition to low & zero carbon • Grow regional gas • Optimize traditional business • Financial frame 3 | Q4/24 results 4 | Outlook 5 | FY24 results 6 | Appendix 31 OMV Petrom Capital Market Story – April
Slide 32: Integrated E&P assets: maximize value
Operational excellence in traditional business Integrated E&P assets: maximize value CAPEX1 up to EUR Value over volume and strict cost 2024 2030 400 mn / management: year Workovers 511 >400 p.a. ● Maximize economic recovery (unchanged) New wells 39 ~50 IRR ● Focusing on near field opportunities p.a
Slide 33: Transforming while delivering strong cash flows
E&P business highly cash generative Transforming while delivering strong cash flows Hydrocarbon production1 Production cost Operating cash flow kboe/d USD/boe USD/boe -50% ~50% 16 ~16 > 160 138 25 11 109 ~104 54% 70% ~8 52% 50% 11 46% 48% 50% 30% 2020 2024 2025 2030 2020 2024 2025 2030 2020 2024 202
Slide 34: High performing refinery with above average utilization
Petrobrazi refinery High performing refinery with above average utilization Production mn t/year Up > 5% 4.4 2024 2030 0.1 (targets unchanged) Refinery utilization3 97% >95%4 2.0 Traditional Expand aromatics _ +50 products kt/year 2025 portfolio 1.4 Bottom of the 0.1 barrel upgrade5 _ ~200 0.7 kt/ye
Slide 35: Dual brand strategy to further drive value increase
Our Retail proposition Dual brand strategy to further drive value increase 2024 2030 (targets unchanged) Profitability +26% +20% per filling station1,3 Non-fuel business +72% +100% Customers‘ margin1 first choice Throughput +21% +20% per filling station2 5.9 mn l ~ 6 mn l Number of filling 778 ~800
Slide 36: Leading integrated gas and power supplier
Redesigned gas and power business capturing market trends Leading integrated gas and power supplier Gas customers: Maximize returns from integrated Equity & ● End users 3rd party gas optimization of our gas and power ● Wholesales portfolios 2024 2030 ● Internal consumption ● Strong supply portfolio
Slide 37: Contents
Contents 1 | Investment proposition 2 | Strategy 2030 • Overview & delivery • Energy context • Transition to low & zero carbon • Grow regional gas • Optimize traditional business • Financial frame 3 | Q4/24 results 4 | Outlook 5 | FY24 results 6 | Appendix 37 OMV Petrom Capital Market Story – April
Slide 38: Resilient financial frame despite market upheaval since 2021
Market context Resilient financial frame despite market upheaval since 2021 Base case prices announced in June 2024 2025 – 2030 1 Brent oil ~80 USD/bbl ● Changes to supply chains Indicator refining margin 8 – 10 ● Increased geopolitical and regulatory risks USD/bbl Gas hub price ● Higher and more vo
Slide 39: Profitable investments drive strong financial performance
Financial frame Profitable investments drive strong financial performance Rigorous capital Strong financial Attractive returns discipline performance to shareholders ● CAPEX1 of ~EUR 11 bn ● 2030 Clean CCS EBIT of ● 5%-10% p.a. dividend ● CAPEX1 of ~EUR 3.7 bn >EUR 1.5 bn growth for low & zero carbo
Slide 40: Company’s transformation supports higher shareholder returns
Capital allocation Company’s transformation supports higher shareholder returns 1 Organic CAPEX 2 Progressive base dividends 3 Inorganic CAPEX 4 Special dividends ● Further invest in the ● Committed to a ● Selective M&A ● Special dividends profitable traditional competitive transactions to help pote
Slide 41: Rigorous capital discipline underpins strategy
Financial Frame Rigorous capital discipline underpins strategy Average annual CAPEX per Average annual CAPEX per strategic pillar business segment EUR bn % Double digit ~1.7 returns 15 ~1.0 25 IRR > 10% (prev. > 9%) 5 0.8 2 35 IRR >12% 28 IRR > 12% 70 60 60 2019-2023 2024-2026 2027-2030 2019-2023 20
Slide 42: Delivering strong financial performance across the business
Financial Frame Delivering strong financial performance across the business Clean CCS EBIT Clean CCS EBIT Clean CCS ROACE per strategic pillar1 per business segment1 % EUR bn % ~1.4 ~15 1.2 20 ~1.0 20 10 ~10 40 30 7 50 50 40 40 2019-2023 2024-2026 2027-2030 2019-2023 2024-2026 2027-2030 2020 2025 20
Slide 43: Still strong financial position
Resilience under downside-price scenario1 Still strong financial position Clean CCS EBIT EUR bn Base case Downside scenario Under downside price scenario: 1.7 1.7 ● Commitment to pay progressive base >1.5 dividends maintained ● CAPEX plans largely unchanged by 2030 ● Gearing ratio below 20% througho
Slide 44: Contents
Contents 1 | Investment proposition 2 | Strategy 2030 3 | Q4/24 results 4 | Outlook 5 | FY24 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 up. T
Slide 45: 2024: Outstanding year for strategy execution
Strategy 2030 in action 2024: Outstanding year for strategy execution Neptun Deep Renewable power Biofuels & E-mobility Attractive dividends • >90% of budget awarded >2.4 GW project portfolio capacity • FID taken for SAF/HVO plant, • Yield6 of total dividend paid in achieved2 incl 2 green H2 electro
Slide 46: Resilient performance supported by our integrated business
Key messages Q4/24 Resilient performance supported by our integrated business Clean CCS Op. result Q4/24 highlights Strategic focus continued RON 1 bn ● Neptun Deep: ● Good financial performance in the -57% yoy context of weaker commodity ✓ Drilling rig arrived in Constanta, Romania prices and margi
Slide 47: Volatile market environment
Commodity prices Volatile market environment Oil prices FX OMV Petrom indicator refining margin USD/bbl RON/USD, RON/EUR USD/bbl 5.0 5.0 5.0 5.0 5.0 4.6 4.6 4.6 4.5 4.7 12.6 10.8 9.7 84 83 85 80 75 7.1 7.4 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Avg USD/RON Avg EUR/RON Avg Brent
Slide 48: Increasing demand for our products
Romanian environment Increasing demand for our products GDP 2.1% 0.7% 0.9% 2.5% Growth expected 20231 Q4/241 20241 2025e2 Inflation (CPI) 5.1% 5.0% 3.8% On a downward trend Dec 24/Dec 23 Feb 25/Feb 243 2025e3 Romania at investment grade by major rating agencies, however with recent negative outlook
Slide 49: Fiscal burden increasing
Romanian regulatory framework Fiscal burden increasing Regulations applicable in 2024-2025 Highly regulated gas sales portfolio ● Construction tax: introduced starting 2025 at 1% of the value of constructions; clarifications are expected with regards to Q4/24 Q3/24 17% application details 14% ● Oil
Slide 50: Divisional performance: E&P
Divisional performance E&P Main drivers for Q4/24 results Outlook 2025 ● Realized crude price -11% ● Brent oil price: USD ~75/bbl (2024: 81/bbl) ● Hydrocarbon sales -4% ● Production2: ~104 kboe/d (2024: 109 kboe/d) ● Higher E&P gas taxation ● Production cost: USD ~16/bbl (2024: USD 16.3/bbl) ● Highe
Slide 51: Divisional performance: R&M
Divisional performance R&M Main drivers for Q4/24 results Outlook 2025 ● Refined products sales -5% ● Refining margin: USD 7-8/bbl (2024: USD 9/bbl) ● Refining margin -32%; lower retail and commercial margins ● Refinery utilization: 90-95% (2024: 97%) ● Additional tax on revenues ● Retail fuels dema
Slide 52: Divisional performance: G&P
Divisional performance G&P Main drivers for Q4/24 results Outlook 2025 ● Lower gas and power margins ● Demand for gas in Romania: stable yoy ● Lower power production and sales ● Demand for power in Romania: stable yoy ● Total gas sales volumes: lower yoy ● Higher gas volumes ● Net electrical output:
Slide 53: Robust results; strong cash generation
Financials Robust results; strong cash generation Clean CCS Operating Result Cash Flow from Operating Activities RON bn RON bn -76% -36% -57% -32% 2.0 10.1 2.2 8.5 6.5 0.1 0.5 0.5 2.1 5.7 2.3 9.7 1.0 2.5 0.4 1.2 8.4 0.7 0.1 2.4 1.9 0.4 -0.3 -0.7 -0.7 0.9 4.2 3.0 -1.5 -1.2 0.5 Q4/23 Q4/24 -0.1 -0.3 0
Slide 54: Progressing in the most investment intensive period in our history
CAPEX Progressing in the most investment intensive period in our history Group CAPEX1 RON bn per business segment <8.6 <8.6 2024 2025E 7.2 7.2 ● RON 7.2 bn: ● RON up to 8.6 bn: ● Neptun Deep project in execution ● Neptun Deep project 4.7 phase ● Wells and sidetracks: 3.6 ● 39 new wells and sidetrack
Slide 55: Contents
Contents 1 | Investment proposition 2 | Strategy 2030 3 | Q4/24 results 4 | Outlook 5 | FY24 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 up. T
Slide 56: Guidance for 2025-2027
Outlook Guidance for 2025-2027 Indicators Actual Assumptions / Targets Assumptions / Targets 2024 2025 2026-2027 averages Brent oil price USD 81/bbl USD 75/bbl USD ~75/bbl Production1 109 kboe/d ~104 kboe/d <130 kboe/d Refining margin USD 9/bbl USD 7-8/bbl USD ~8/bbl CAPEX RON 7.2 bn RON <8.6 bn RON
Slide 57: EBIT impact in 2025
Sensitivities EBIT impact in 2025 2025 sensitivities Change EBIT impact Brent oil price USD +1/bbl ~EUR +15 mn OMV Petrom indicator refining margin USD +1/bbl ~EUR +30 mn Exchange rates EUR/USD USD appreciation by 10 USD cents ~EUR +90 mn 57 OMV Petrom Capital Market Story – April 2025
Slide 58: Contents
Contents 1 | Investment proposition 2 | Strategy 2030 3 | Q4/24 results 4 | Outlook 5 | FY24 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 up. T
Slide 59: Resilient results in all business segments, yet lower yoy
Clean CCS Operating Results Resilient results in all business segments, yet lower yoy E&P RON mn ● Realized crude price -1%; lower gas price 4,177 ● Hydrocarbon sales -4% -158 -1,059 2,960 ● Lower royalties and gas over-taxation ● Lower total production costs ● Favourable FX 2023 Market effects1 Ope
Slide 60: Exploration & Production
Operational KPIs Exploration & Production Production cost USD/boe +2% Key drivers 2024 vs. 2023 15.97 16.30 ● Lower production available for sale 12.73 13.15 10.88 ● Higher personnel costs ● Lower costs with energy, materials and services 2020 2021 2022 2023 2024 Hydrocarbon production kboe/d 145 -4
Slide 61: Refining & Marketing
Operational KPIs Refining & Marketing OMV Petrom Indicator refining margin USD/bbl Key drivers 2024 vs. 2023 16.59 -34% 13.96 9.15 ● Weaker spreads for middle distillates and gasoline 5.47 2.89 2020 2021 2022 2023 2024 Retail sales volumes (mn t) and Retail Operating Result per filling station (tren
Slide 62: Gas & Power
Operational KPIs Gas & Power Gas sales volumes TWh Key drivers 2024 vs. 2023 57.0 -7% ● Lower sales to regulated customers 48.9 46.1 46.8 43.3 ● Higher Brazi power plant offtake ● Lower equity gas quantities available ● Lower sales to wholesales and end users 2020 2021 2022 2023 2024 Brazi net elect
Slide 63: Contents
Contents 1 | Investment proposition 2 | Strategy 2030 3 | Q4/24 results 4 | Outlook 5 | FY24 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 up. T
Slide 64: Exploration and Production map
Regional footprint Exploration and Production map Georgia exit decision announced in April 2024, formalities are ongoing 64 OMV Petrom Capital Market Story – April 2025
Slide 65: Neptun Deep gas to have access to Romania and other potential gas markets
Accessibility and optionality Neptun Deep gas to have access to Romania and other potential gas markets EU 1 Hungary1 Moldova1 ~315 bcm ~8 bcm ~1 bcm Romania1 ~10 bcm Market demand 20232 Bulgaria1 Interconnecting Capacities in place ~2 bcm 1 Net importer; 2 Latest available data 65 OMV Petrom Capita
Slide 66: Romanian oil market 2024 overview
Romanian oil market 2024 overview Crude Supply Refineries Distribution Production: Refineries Petrobrazi combined nameplate capacity ~13 mn tpa 26% Processed crude oil1 Transportation: Conpet ~11.0 mn t pa of which ~ 8.1 mn t from import Rompetrol (Petromidia, Vega) Imports: various 63% Lukoil (Petr
Slide 67: OMV Petrom Group filling stations at end 2024
OMV Petrom Group 778 filling stations at end 2024 Retail fuel sales mn l 3,074 3,160 3,176 3,292 Moldova 2,746 64 129 142 142 97 101 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Romania 192 391 166 147 177 185 186 Black Sea 2020 2021 2022 2023 2024 Bulgaria 64 Serbia 243 272 265 272 285 Total n
Slide 68: Romanian gas market 2024 overview
Romanian gas market 2024 overview Regulatory Supply Distribution Demand Regulatory Production: Storage: Supply: Heat & Power incl. Body Romgaz, Depomures Romanian Romgaz, Energy BSOG,… Industry/ Regulatory Commercial Authority Romgaz, Distrigaz Sud (ANRE) Engie Romania, (Engie), 100% E.ON Energie De
Slide 69: Romanian power market 2024 overview
Romanian power market 2024 overview Regulatory Supply Market(s) Distribution Demand Regulatory Production: Mid/long term fwd Body contract market(s) Coal 14% (OPCOM / bilateral) Romanian Energy Spot (DAM / ID) Internal market Regulatory Gas 20% Transport & market (OPCOM) Authority Distribution Distr
Slide 70: Cash flow Statement
Financial performance Cash flow Statement RON mn 2020 2021 2022 2023 2024 Cash flow from operating activities (CFO) 5,556 6,997 11,337 10,114 6,465 Thereof, Change in net working capital (NWC) 964 -433 -3,544 1,915 -680 Cash flow from investing activities (CFI) -3,163 -2,253 -3,104 -5,730 -5,771 Cas
Slide 71: Income Statement
Financial performance Income Statement RON mn 2020 2021 2022 2023 2024 Sales 19,717 26,011 61,344 38,808 35,765 Clean CCS Operating Result 2,287 4,346 12,198 8,482 5,729 Thereof Exploration & Production 7 1,814 5,433 4,177 2,960 Refining & Marketing 1,454 2,041 4,019 2,480 2,438 Gas & Power 718 781
Slide 72: Operating Result
Financial performance Operating Result RON mn 2020 2021 2022 2023 2024 Clean CCS Operating Result 2,287 4,346 12,198 8,482 5,729 Thereof Exploration & Production 7 1,814 5,433 4,177 2,960 Refining & Marketing 1,454 2,041 4,019 2,480 2,438 Gas & Power 718 781 2,942 2,145 352 Corporate and Other -84 -
Slide 73: Key indicators
Financial performance Key indicators in RON mn 2020 2021 2022 2023 2024 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Sales 19,717 26,011 61,344 38,808 35,765 9,473 8,391 10,662 10,282 8,544 8,704 9,437 9,080 Clean CCS Operating Result 2,287 4,346 12,198 8,482 5,729 2,095 1,614 2,530 2,243 1,769 1
Slide 74: Contact
Contact OMV Petrom Investor Relations OMV Petrom S.A. investor.relations.petrom@petrom.com 22 Coralilor St, District 1, www.omvpetrom.com Petrom City, Bucharest Tel: +40 372 161 930 Financial calendar 2025 April 24: Annual General Meeting of Shareholders April 30: Q1 2025 results July 31: Q2 2025 re