Slide 1: Q2 2025 Results Conference Call
Q2 2025 Results Conference Call Alfred Stern Chairman of the Executive Board and CEO July 31, 2025
Slide 2: Disclaimer
Disclaimer © 2025 OMV Aktiengesellschaft, all rights reserved, no reproduction without our explicit consent. 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”,
Slide 3: Macro environment
Macro environment Oil prices Gas prices USD/bbl EUR/MWh Q2 2025 vs. Q2 2024 Average Brent price Average realized crude price Trading Hub Europe (THE) Realized gas price Brent oil –20% 44 48 85 35 36 80 31 75 76 38 81 78 72 73 68 23 25 31 29 THE gas price +16% 66 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q2/24 Q
Slide 4: Overview Q2 2025
Overview Q2 2025 Operational performance Clean CCS Clean CCS EPS Cash flow from Q2 2025 vs. Q2 2024 Operating Result EUR operating activities EUR mn EUR mn Polyolefin sales volumes incl. JVs 1,232 -16% 1,160 1.51 -22% -8% 1,357 +5% 114 1,031 1,182 126 1.26 1.18 1,083 308 117 Fuel sales volumes 200 2
Slide 5: Borouge Group International – progress update
Borouge Group International – progress update Estimated closing of Borouge Group International transactions Q3/25 Q4/25 Q1/26 • Approval received from OMV Supervisory Board • Foreign Direct Investment approval received in Austria • Merger control clearances received in jurisdictions including the EU
Slide 6: Delivering the Strategy 2030
Delivering the Strategy 2030 New investment in recyclable New investment in 140 MW OMV Petrom expands renewable foam-based PP green hydrogen plant in Austria energy presence in Bulgaria Q2 2025 CONFERENCE CALL, JULY 31, 2025 6
Slide 7: Chemicals – higher margins and sales volumes plus positive effect of Borealis reclassification
Chemicals – higher margins and sales volumes plus positive effect of Borealis reclassification Clean Operating Result • Market environment EUR mn − Higher olefin indicator margins (ethylene +15%, propylene +18%) +86 − Higher PE indicator margin, lower PP indicator margin (PE +12%, PP –7%) 6 200 • Op
Slide 8: F&F – higher refining margins, but lower utilization rate and ADNOC Refining & Global Trading result
F&F – higher refining margins, but lower utilization rate and ADNOC Refining & Global Trading result Clean CCS Operating Result EUR mn –66 • Refining indicator margin increased by USD 1.1/bbl due 308 14 to rising naphtha and fuel oil cracks, partially offset by 56 lower middle distillate and gasolin
Slide 9: Energy – significantly lower oil prices and unfavorable FX development
Energy – significantly lower oil prices and unfavorable FX development • Market environment Clean Operating Result • Significantly lower realized crude oil price (–19%), partially offset EUR mn by higher realized natural gas price (+25%) • Negative impact of EUR/USD FX development of EUR ~50 mn –229
Slide 10: Strong cash flow from operations of EUR 2.4 bn in H1/25
Strong cash flow from operations of EUR 2.4 bn in H1/25 • Cash flow from operating activities of EUR 2.4 bn in H1/25 EUR bn − Dividends from at-equity accounted companies of EUR 292 mn H1/24 H1/25 (H1/24: EUR 494 mn), mainly from Borouge and ADNOC Refining & 3.0 Global Trading − Net working capital
Slide 11: Strong balance sheet – continued low leverage ratio and high cash position
Strong balance sheet – continued low leverage ratio and high cash position EUR bn, % End of June 2025 9.3 OMV cash position EUR 6.0 bn 1 6.0 32% Net debt in EUR bn Leverage ratio End of June 2025 21% 3.2 3.2 OMV undrawn committed 2.2 2.1 credit facilities 12% 12% 8% 8% EUR 4.2 bn 2020 2021 2022 2023
Slide 12: Updated outlook 2025
Updated outlook 2025 2023 2024 H1 2025 FY 2025 Brent oil price (USD/bbl) 83 81 72 ~70 THE (Trading Hub Europe) gas price (EUR/MWh) 41 35 42 ~40 (previously 40–45) OMV average realized gas price (EUR/MWh) 29 25 34 30–35 (previously ~35) MARKET Ethylene indicator margin Europe (EUR/t) 507 505 558 >520
Slide 13: Appendix
OMV GROUP Appendix
Slide 14: Chemicals – higher margins and sales volumes plus positive effect of Borealis reclassification
Chemicals – higher margins and sales volumes plus positive effect of Borealis reclassification Clean Operating Result EUR mn • Market environment − Higher olefin indicator margins (ethylene +11%, propylene +17%) +74 − Higher PE indicator margin, lower PP indicator margin (PE +10%, PP –2%) 200 • Oper
Slide 15: F&F – higher margins and significantly higher sales volumes
F&F – higher margins and significantly higher sales volumes Clean CCS Operating Result EUR mn 125 242 • Higher refining indicator margin by USD 1.4/bbl 2 • Lower refinery utilization rate Europe at 83% (-9 pp) • Significantly higher fuel sales volumes (+19%) 101 • Higher retail performance due to se
Slide 16: Energy – lower oil and gas prices and significantly lower contribution from Gas Marketing & Power
Energy – lower oil and gas prices and significantly lower contribution from Gas Marketing & Power Clean Operating Result • Market environment EUR mn • Lower realized oil price (-9%) and natural gas price (-24%) • Negative impact from EUR/USD development –322 • Oil and gas production of 304 kboe/d (–
Slide 17: Strong balance sheet
Strong balance sheet Balance sheet June 30, 2025, vs. Mar. 31, 2025 • Balance sheet positions impacted by material effects EUR bn from currency translation (equity impact approx. EUR -830 mn), mostly stemming from weaker USD 49.1 49.1 Additionally, major impacts from: 46.0 46.0 • Equity-accounted in
Slide 18: Sensitivities of OMV Group results in 2025
Sensitivities of OMV Group results in 2025 Annual impact excl. hedging Clean CCS Operating EUR mn Operating Result cash flow Brent oil price (USD +1/bbl) +50 +35 Realized gas price (EUR +1/MWh) +45 +30 OMV refining indicator margin Europe (USD +1/bbl) +110 +100 Ethylene indicator margin Europe (EUR
Slide 19: OMV GROUP
OMV GROUP