Omv Petrom Sa · BVB:SNP
Omv Petrom Sa — Q3 2025 Earnings Presentation
18 slides from Omv Petrom Sa's earnings presentation, Oct 29, 2025
Slide 1: OMV Petrom Q3/25 Results
OMV Petrom Q3/25 Results Christina Verchere, CEO October 29, 2025 Picture: Grid connection at OMV Petrom’s Brazi power plant
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation does not, and is not intended to, constitute or form part of, and should not be construed as, constituting or forming part of, any actual offer to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares issued by the Company or any
Slide 3: Good performance supported by our integrated business
Key messages Q3/25 Good performance supported by our integrated business Q3/25 highlights Strategic focus continued Clean CCS Operating Clean CCS Op. result Cash Flow ROACE ● Neptun Deep project in Romania: progressing RON 1.4 bn RON 2.2 bn 12.8% -16% yoy +13% yoy -8 pp yoy according to plan; develo
Slide 4: 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 5.1 14.0 4.7 4.7 10.3 4.5 4.4 8.2 4.3 7.4 7.1 80 75 76 68 69 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Avg USD/RON Avg EUR/RON Avg Brent
Slide 5: Demand starting to reflect the lower economic growth
Romanian environment Demand starting to reflect the lower economic growth 0.9% 0.3% 0.3% 1.0% GDP 20241 Q2/251 H1/251 2025e2 5.1% 9.9% 8.8% Inflation (CPI) Dec 24/Dec 23 Sep 25/Sep 243 2025e3 Romania at investment grade by major rating agencies4 Demand Q3/25 yoy 9m/25 yoy 2024 vs 2019 Fuels5 0% -1%
Slide 6: Electricity market deregulated as of 1st of July
Romanian regulatory framework Electricity market deregulated as of 1st of July Applicable regulations Highly regulated gas sales portfolio ● Power sector deregulation: starting July 1st, with state support Q3/25 Q2/25 provided to vulnerable consumers 8% 12% 22% 13% ● Gas sector remains regulated: un
Slide 7: E&P – mainly impacted by lower realized prices
Divisional performance E&P – mainly impacted by lower realized prices Main drivers for Q3/25 results Outlook 2025 ● Realized crude price -16%; lower realized gas price ● Lower oil and NGL sales -8% ● Brent oil price: USD ~70/bbl (2024: 81/bbl) ● Negative FX effect ● Production2: ~104 kboe/d (2024: 1
Slide 8: R&M – strong result on almost double refining margin
Divisional performance R&M – strong result on almost double refining margin Main drivers for Q3/25 results Outlook 2025 ● Refining margin +98% ● Refining margin: USD >9/bbl (prev.: ~8; 2024: USD 9/bbl) ● Slightly higher retail sales ● Refinery utilization: 90-95% (2024: 97%) ● Broadly stable non-fue
Slide 9: G&P – performance supported by power market deregulation
Divisional performance G&P – performance supported by power market deregulation Main drivers for Q3/25 results Outlook 2025 ● Deregulation of the power market ● Higher margins on power bought from 3rd parties ● Demand for gas in Romania: stable yoy ● Better results of power balancing and ancillary s
Slide 10: OMV Petrom Q3/25 Results – Alina Popa, CFO
OMV Petrom Q3/25 Results Alina Popa, CFO October 29, 2025
Slide 11: Resilient results; strong cash generation
Financials Resilient results; strong cash generation Clean CCS Operating Result Cash Flow from Operating Activities RON bn RON bn +13% +15% -16% -20% 2.2 6.0 6.9 1.6 4.8 1.9 0.0 1.4 0.4 3.8 0.1 2.0 0.0 2.8 7.2 6.5 0.8 2.4 1.8 0.8 0.9 2.4 1.9 -0.4 0.1 0.4 -0.6 -1.2 0.4 0.1 -0.1 0.0 -0.1 Q3/24 Q3/25 9
Slide 12: 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 <8.2 <8.2 9m/25 2025E 7.2 7.2 ● RON 5.2 bn: ● RON < 8.2 bn: ● Neptun Deep project in execution phase ● Neptun Deep project 4.7 ● >20 new wells and sidetracks; ● Wells and sidetracks: 3.6
Slide 13: 4th special dividend since Strategy 2030 announcement
Attractive payout ratios 4th special dividend since Strategy 2030 announcement Dividend evolution Progressive base Special dividend dividend RON bn 5.1 4.5 4.4 2024 special dividend: 4.0 2.8 RON 0.0200/share 2.5 1.9 1.2 329% 1.8 1.8 1.5 1.1 2.8 2024 base dividend: 0.8 2.3 2.6 1.9 RON 0.0444 per shar
Slide 14: Guidance for 2025-2027
Outlook Guidance for 2025-2027 Indicators Actual Assumptions / Targets Assumptions / Targets 9m/25 2025 2026-2027 averages1 Brent oil price USD 71/bbl USD ~70/bbl USD ~75/bbl Production 2 105 kboe/d ~104 kboe/d <130 kboe/d Refining margin USD 10.9/bbl USD >9/bbl USD ~8/bbl (prev. ~8/bbl) CAPEX RON 5
Slide 15: Q&A
Q&A October 29, 2025 Ds ae OMV Petrom
Slide 16: Back-up
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Slide 17: 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 17 OMV Petrom Q3/25 Results
Slide 18: OMV Petrom
@ OMV Petrom