Slide 1: OMV Petrom Q1/22 Results Conference Call
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 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 29
Slide 2: Slide 1 – Intro
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 Christina Verchere – OMV Petrom – CEO Slide 1 – Intro Good afternoon, ladies and gentlemen, and a warm welcome from my side. Thank you for joining our call. It is a real pleasure to present to you today OMV Petrom’s performance for the first q
Slide 3: Slide 2 – Legal Disclaimer
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 Slide 2 – Legal Disclaimer Please let me first draw your attention to our Legal Disclaimer, which you can read in detail on slide 2. Page 3 of 29
Slide 4: OMV Petrom Q1/22 Results Conference Call, April 29, 2022
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 Page 4 of 29
Slide 5: Slide 3 – Higher and very volatile commodity prices
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 Slide 3 – Higher and very volatile commodity prices Let me start with some highlights regarding commodity prices and main currencies in the first quarter of 2022. Brent oil price continued its growth to an average of 102 dollars per barrel in
Slide 6: Gas and electricity prices in Romania
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 Gas prices on the Romanian centralized markets also increased, in line with European prices, with day-ahead prices more than 5 times higher year-on-year to 98 Euro per megawatt-hour. Base load electricity prices in Romania quadrupled year-on-y
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Slide 8: OMV Petrom Q1/22 Results Conference Call, April 29, 2022
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Slide 9: Slide 4 – Challenging Romanian environment
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 Slide 4 – Challenging Romanian environment In addition to the human tragedy caused by the war in Ukraine, a major energy supply security crisis has been triggered, sending commodity prices to new highs, with wider implications for the global e
Slide 10: Romanian energy market measures and windfall taxes
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 27, providing for temporary measures applicable on the gas and power markets between April 2022 and March 2023. These measures include maximum final prices for households, small and medium enterprises and other small users. These translate int
Slide 11: Romanian energy demand in Q1 2022
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 energy prices are the main drivers, with impact expected to be felt throughout 2022. In April, Moody’s, S&P and Fitch reconfirmed their investment grade rating for Romania. Looking at the energy sector in the first quarter of 2022, the Romania
Slide 12: OMV Petrom Q1/22 Results Conference Call, April 29, 2022
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Slide 13: Slide 5 – Key messages Q1/22
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 Slide 5 – Key messages Q1/22 On slide 5, we present the key highlights for the quarter. At Group level, Clean CCS Operating Result of 2.2 billion RON was the highest quarterly result ever recorded, and more than tripled year-on-year, in an unp
Slide 14: GHG intensity
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 The GHG intensity was broadly flat year-on-year at Group level, with lower index levels in E&P and at the Brazi power plant, reflecting our ongoing initiatives to reduce carbon emissions. Page 14 of 29
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Slide 16: OMV Petrom Q1/22 Results Conference Call, April 29, 2022
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Slide 17: Slide 6 – Operational performance reflects mixed market demand
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 Slide 6 – Operational performance reflects mixed market demand On slide 6, I would like to present the operational performance and I will start with Exploration and Production. Hydrocarbon production decreased by 12.7 percent due to the divest
Slide 18: OMV Petrom Q1/22 Results Conference Call, April 29, 2022
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Slide 19: Slide 7 – CAPEX ramping up
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 Slide 7 – CAPEX ramping up Moving now to slide 7, total organic CAPEX amounted to 0.6 billion RON in the first quarter of 2022, 10 percent higher year-on-year. The majority, being 0.45 billion RON, was directed to Exploration and Production, w
Slide 20: OMV Petrom Q1/22 Results Conference Call, April 29, 2022
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Slide 21: Slide 9 – Income Statement
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 Slide 9 – Income Statement: strong results reflect unprecedentedly high commodity prices and good operational performance Thank you, Christina, and good afternoon also from my side. I will continue the presentation with slide 9, starting with
Slide 22: OMV Petrom Q1/22 Results Conference Call, April 29, 2022
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Slide 23: Slide 10 – Clean CCS Operating Results improved across segments
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 Slide 10 – Clean CCS Operating Results improved throughout all business segments Let me go on to slide 10, which shows the major building blocks for the development of the Clean CCS Operating Result. I will start with Exploration and Productio
Slide 24: OMV Petrom Q1/22 Results Conference Call, April 29, 2022
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Slide 25: Slide 11 – Strong cash flow generation
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 Slide 11 – Strong cash flow generation On slide 11, I would like to continue with the highlights of our cash flow statement. In the first quarter of 2022, we achieved an operating cash flow of 2.6 billion RON, more than double year-on-year, re
Slide 26: OMV Petrom Q1/22 Results Conference Call, April 29, 2022
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Slide 27: Slide 12 – Outlook
OMV Petrom Q1/22 Results Conference Call, April 29, 2022 Slide 12 – Outlook Let me conclude our presentation with the Outlook, on slide 12. We expect Brent oil price in 2022 to be around 95 dollars per barrel, which is significantly higher than our previous assumption of 75 dollars per barrel and ab
Slide 28: OMV Petrom Q1/22 Results Conference Call, April 29, 2022
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Slide 29: OMV Petrom Q1/22 Results Conference Call, April 29, 2022
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