Omv Petrom Sa · BVB:SNP
Omv Petrom Sa — Q3 2019 Earnings Presentation
25 slides from Omv Petrom Sa's earnings presentation, Oct 30, 2019
Slide 1: OMV Petrom Q3/19 Results Conference Call
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Christina Verchere Chief Executive Officer and President of the Executive Board Alina Popa Chief Financial Officer The spoken word applies. Check against delivery. Page 1 of 25
Slide 2: Slide 1 – Intro
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Christina Verchere – OMV Petrom – CEO Slide 1 – Intro Good afternoon, ladies and gentlemen, and a warm welcome from my side. It is a real pleasure to present to you today OMV Petrom’s performance for the third quarter of 2019. Page 2 of 25
Slide 3: Slide 2 – Legal Disclaimer
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Slide 2 – Legal Disclaimer Firstly, please let me draw your attention to our Legal Disclaimer, which you can read in detail on slide 2. Page 3 of 25
Slide 4: OMV Petrom Q3/19 Results Conference Call, October 30, 2019
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Page 4 of 25
Slide 5: Slide 3 – Economic environment
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Slide 3 – Economic environment Let me start with slide 3, where we provide an overview of the commodities and exchange rates environment, as well as some macroeconomic, energy, and regulatory environment highlights for Romania in the third q
Slide 6: Economic environment (continued)
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 decreased by 14 percent year-on-year, with lower contribution from hydro, switching Romania to a net importer position for power. On the regulatory environment, the NAMR order that provides a reference price of 68 RON per megawatt-hour for t
Slide 7: OMV Petrom Q3/19 Results Conference Call, October 30, 2019 This page was left blank
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 This page was left blank intentionally. Page 7 of 25
Slide 8: OMV Petrom Q3/19 Results Conference Call, October 30, 2019
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Page 8 of 25
Slide 9: Slide 4 – Key messages Q3/19
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Slide 4 – Key messages Q3/19 On slide 4, we present the key highlights of the third quarter of 2019. Clean CCS Operating Result was 1.2 billion RON, 27 percent lower than in the third quarter of 2018, reflecting the unfavorable oil price env
Slide 10: Key messages Q3/19 (continued)
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 represents an important step in the right direction with regards to fiscal and regulatory framework. OMV Petrom welcomes the reopening of the dialogue on such a fundamental topic for Romania. We will closely monitor the future development of
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OMV Petrom Q3/19 Results Conference Call, October 30, 2019 This page was left blank intentionally. Page 11 of 25
Slide 12: OMV Petrom Q3/19 Results Conference Call, October 30, 2019
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Page 12 of 25
Slide 13: Slide 5 – Operational KPIs
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Slide 5 – Operational KPIs On slide 5, I would like to present to you the evolution of some operational KPIs in the third quarter of 2019 for each business segment. Let me start with Upstream. Our OPEX in USD per barrel of oil equivalent was
Slide 14: OMV Petrom Q3/19 Results Conference Call, October 30, 2019
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Page 14 of 25
Slide 15: Slide 6 – CAPEX and E&A
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Slide 6 – CAPEX and E&A Slide 6 provides an overview of CAPEX and exploration and appraisal activities for the first nine months of 2019 and the outlook for the full year. Our total CAPEX in the first nine months of 2019 was around 2.8 billi
Slide 16: OMV Petrom Q3/19 Results Conference Call, October 30, 2019
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Page 16 of 25
Slide 17: Slide 8 – Income Statement highlights
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Slide 8 – Income Statement highlights Thank you, Christina, and good afternoon also from my side. I will continue the presentation with slide 8, starting with some highlights from the Income Statement, with focus on the developments of the t
Slide 18: OMV Petrom Q3/19 Results Conference Call, October 30, 2019
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Page 18 of 25
Slide 19: Slide 9 – Clean CCS Operating Result
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Slide 9 – Clean CCS Operating Result Let me go on to slide 9, which shows the major building blocks for the development of the Clean CCS Operating Result in the third quarter of 2019. I will start with Upstream, where the negative market eff
Slide 20: OMV Petrom Q3/19 Results Conference Call, October 30, 2019
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Page 20 of 25
Slide 21: Slide 10 – Cash Flow highlights
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Slide 10 – Cash Flow highlights On slide 10, I would like to continue with the highlights of our cash flow statement. In the third quarter of 2019, we achieved an operating cash flow of 2.1 billion RON, 12 percent lower year-on-year. Operati
Slide 22: OMV Petrom Q3/19 Results Conference Call, October 30, 2019
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Page 22 of 25
Slide 23: Slide 11 – Outlook 2019
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Slide 11 – Outlook 2019 Let me conclude our presentation with the outlook for the full year 2019, on slide 11. Here I would like to highlight our main market assumptions for the full year, which are basically unchanged versus the ones announ
Slide 24: OMV Petrom Q3/19 Results Conference Call, October 30, 2019
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Page 24 of 25
Slide 25: OMV Petrom Q3/19 Results Conference Call, October 30, 2019
OMV Petrom Q3/19 Results Conference Call, October 30, 2019 Page 25 of 25