Omv Ag · VIE:OMV

Omv — Q2 2017 Earnings Presentation

31 slides from Omv's earnings presentation, Aug 10, 2017

  1. Slide 1: OMV Q2 2017 Results Conference Call

    OMV Q2 2017 Results Conference Call August 10, 2017 Rainer Seele Chairman of the Executive Board and CEO The spoken word applies.

  2. Slide 2: OMV Q2 2017 Results Conference Call Page 2 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 2 of 31 | OMV Group

  3. Slide 3: Weak oil prices, increased refining and petrochemicals margins

    OMV Q2 2017 Results Conference Call August 10, 2017 Rainer Seele Ladies and gentlemen, good morning from my side as well and thank you for joining us. After a very good first quarter, OMV was able to deliver again a strong operational performance. Let me start with a review of the economic environme

  4. Slide 4: OMV Q2 2017 Results Conference Call Page 4 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 4 of 31 | OMV Group

  5. Slide 5: Successful transformation led to strong Clean CCS operating result and free cash flow

    OMV Q2 2017 Results Conference Call August 10, 2017 Slide 4: Successful transformation efforts led to a strong Clean CCS operating result and free cash flow in first half of 2017 The transformation of OMV is paying off. We actively managed our portfolio, freed up capital for more profitable investme

  6. Slide 6: OMV Q2 2017 Results Conference Call Page 6 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 6 of 31 | OMV Group

  7. Slide 7: Key messages

    OMV Q2 2017 Results Conference Call August 10, 2017 Slide 5: Key messages Let me now come to the key highlights. In Q2 2017, OMV’s hydrocarbon production remained strong, reaching a record-high of 339 thousand barrels per day. This was mainly the result of an increased production from Libya. Again,

  8. Slide 8: OMV Q2 2017 Results Conference Call Page 8 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 8 of 31 | OMV Group

  9. Slide 9: Strong Group Clean CCS Results in Q2 2017 despite refinery turnaround

    OMV Q2 2017 Results Conference Call August 10, 2017 Slide 6: Strong Group Clean CCS Results in Q2 2017 despite refinery turnaround Now let’s turn to our financial performance indicators in Q2 2017. We were able to double our clean CCS Operating Result to 662 million Euros compared to the previous ye

  10. Slide 10: OMV Q2 2017 Results Conference Call Page 10 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 10 of 31 | OMV Group

  11. Slide 11: Group Operating Result negatively impacted by one-off FX effects

    OMV Q2 2017 Results Conference Call August 10, 2017 Slide 7: Group Operating Result negatively impacted by one-off FX effects due to the divestment of OMV Petrol Ofisi The picture looks different if we look at the reported operating result, which was negatively impacted by one-off FX effects. In Q2

  12. Slide 12: OMV Q2 2017 Results Conference Call Page 12 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 12 of 31 | OMV Group

  13. Slide 13: Upstream: Strong earnings increase driven by higher prices and volumes

    OMV Q2 2017 Results Conference Call August 10, 2017 Slide 8: Upstream: Strong earnings increase driven by higher prices and volumes Let me now come to the performance of our two business segments. In Upstream, the clean Operating Result substantially increased from 3 million Euros to 259 million Eur

  14. Slide 14: OMV Q2 2017 Results Conference Call Page 14 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 14 of 31 | OMV Group

  15. Slide 15: Downstream: Resilient earnings due to strong refining and petrochemicals margins

    OMV Q2 2017 Results Conference Call August 10, 2017 Slide 9: Downstream: Resilient earnings due to strong refining and petrochemicals margins The Downstream business continues to be a key contributor to Group earnings and cash flow. The Clean CCS Operating Result of Downstream improved from 363 mill

  16. Slide 16: OMV Q2 2017 Results Conference Call Page 16 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 16 of 31 | OMV Group

  17. Slide 17: Strict cost discipline

    OMV Q2 2017 Results Conference Call August 10, 2017 Slide 10: Strict cost discipline The good performance in our business segments in the second quarter of 2017 is accompanied by a continued strict cost discipline. In Upstream, production cost decreased from 10.7 in Q2 of last year to 8.7 US Dollars

  18. Slide 18: OMV Q2 2017 Results Conference Call Page 18 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 18 of 31 | OMV Group

  19. Slide 19: Strong operating cash flow generation in H1 2017

    OMV Q2 2017 Results Conference Call August 10, 2017 Slide 11: Strong operating cash flow generation in H1 2017, fully covering investments and increased dividend payments Let me now come to cash flow. In the first half of 2017, cash flow from operating activities increased by 19 percent to 1.9 billi

  20. Slide 20: OMV Q2 2017 Results Conference Call Page 20 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 20 of 31 | OMV Group

  21. Slide 21: Significant deleveraging and strong cash position

    OMV Q2 2017 Results Conference Call August 10, 2017 Slide 12: Significant deleveraging and strong cash position Our financial profile has transformed dramatically since 2015. Thanks to a strong free cash flow generation from operating activities and divestment proceeds, OMV has managed to further re

  22. Slide 22: OMV Q2 2017 Results Conference Call Page 22 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 22 of 31 | OMV Group

  23. Slide 23: Updated Outlook 2017

    OMV Q2 2017 Results Conference Call August 10, 2017 Slide 13: Updated Outlook 2017 Based on the market developments and our own operational performance in the first half year, we have updated our full year 2017 outlook as follows.  For the second half year of 2017, OMV expects the average Brent oil

  24. Slide 24: Blank page left intentionally

    OMV Q2 2017 Results Conference Call August 10, 2017 Blank page left intentionally Page 24 of 31 | OMV Group

  25. Slide 25: US sanctions against Russia and Nord Stream 2

    OMV Q2 2017 Results Conference Call August 10, 2017 The big topic in the media with regards to U.S. sanctions against Russia is obviously Nord Stream 2. It is too early to draw any final conclusions. We are monitoring the situation very carefully and will make an assessment when all facts are on the

  26. Slide 26: OMV Q2 2017 Results Conference Call Page 26 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 26 of 31 | OMV Group

  27. Slide 27: OMV Q2 2017 Results Conference Call Page 27 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 27 of 31 | OMV Group

  28. Slide 28: OMV Q2 2017 Results Conference Call Page 28 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 28 of 31 | OMV Group

  29. Slide 29: OMV Q2 2017 Results Conference Call Page 29 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 29 of 31 | OMV Group

  30. Slide 30: OMV Q2 2017 Results Conference Call Page 30 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 30 of 31 | OMV Group

  31. Slide 31: OMV Q2 2017 Results Conference Call Page 31 of 31 | OMV Group August

    OMV Q2 2017 Results Conference Call August 10, 2017 Page 31 of 31 | OMV Group

OMV — Q2 2017 Earnings Presentation on 6ix