Slide 1: Q1 2026 Results Conference Call
Q1 2026 Results Conference Call Alfred Stern CEO and Chairman of the Executive Board Reinhard Florey CFO and Deputy Chairman of the Executive Board April 30, 2026
Slide 2: Disclaimer
Disclaimer © 2026 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 Q1 2026 vs. Q1 2025 Average Brent price Average realized crude price Trading Hub Europe (THE) Realized gas price Brent oil +7% 48 36 41 81 33 31 76 69 38 73 68 64 72 29 27 26 31 THE gas price –13% 66 66 62 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q1/25 Q2
Slide 4: Overview Q1 2026
Overview Q1 2026 Operational performance Clean CCS Clean CCS EPS Cash flow from Q1 2026 vs. Q1 2025 Operating Result EUR operating activities EUR mn EUR mn Hydrocarbon production -12% -21% -43% –7% 1,160 1,153 1.7 1,681 1,025 126 236 Fuel sales volumes 117 1,357 245 1.3 +8% 346 113 1.0 776 Polyolefi
Slide 5: Delivering the Strategy 2030 – OMV and XRG create Borouge International
Delivering the Strategy 2030 – OMV and XRG create Borouge International • OMV and XRG announced on March 31, • Significant platform for growth with 2026, the successful creation of the EBITDA expected to increase from a world’s leading pure-play polyolefins pro forma average of USD 4.5 bn in 2021– c
Slide 6: Operational excellence underpins commercial profile
Operational excellence underpins commercial profile Getting the best out of the well-maintained and modern asset base High uptime and asset availability drive excellent asset utilization 0.15 Excellent HSE 2025 TRIR2 performance 93% 92% 92% +11% Consistent increase 85% L5Y volume in annual productio
Slide 7: Superior product quality enables premium pricing
Superior product quality enables premium pricing Significant premium Weighted average PE selling price premiums vs. market benchmark1, 2021–25 to benchmark pricing 22% 21% Resilient margins from strong 15% 16% 16% 18% differentiated business Avg. premium over product Premium sustained benchmarks1 th
Slide 8: Outstanding historical earnings performance and resilience
Outstanding historical earnings performance and resilience EBITDA margin range, 2021–2025 ~2x 2025 EBITDA margin vs. industry average Average margin 2021–2025 2025 margin 25% 22% 20% 18% 20% 20% 14% 13% 12% 15% Industry average 2025: 11%2 11% 11% 8% 8% Specialty chemicals Peer 1 Peer 2 Peer 3 Peer 4
Slide 9: Energy – unfavorable market effects, partially offset by stronger Gas & Power Eastern Europe
Energy – unfavorable market effects, partially offset by stronger Gas & Power Eastern Europe Clean Operating Result • Market environment EUR mn − Stable realized crude oil price (–1%) and lower realized natural gas price (–19%) − Negative impact of EUR/USD FX development of EUR –96 mn Gas 910 –139 •
Slide 10: Fuels – substantially stronger refining margins offset by adverse effects of the conflict in the Middle East
Fuels – substantially stronger refining margins offset by adverse effects of the conflict in the Middle East Clean CCS Operating Result EUR mn • Refining indicator margin doubled to USD 13.9/bbl, driven by stronger middle distillate cracks amid tight -3 supply conditions in the region • Utilization
Slide 11: Chemicals – improved polyolefin indicator margins and positive effect of Borealis reclassification
Chemicals – improved polyolefin indicator margins and positive effect of Borealis reclassification Clean Operating Result • Lower olefin indicator margins (ethylene –14%, propylene –20%) EUR mn • Higher polyolefin indicator margins (PE +30%, PP +25%) • Stable cracker utilization rate +119 • Decrease
Slide 12: Strong cash flow from operating activities excluding net working capital of EUR 1.6 bn
Strong cash flow from operating activities excluding net working capital of EUR 1.6 bn EUR bn +20% Q1/25 1.6 Q1/26 • Cash flow from operating activities excl. net working capital effects of EUR 1.6 bn 1.4 − Positively impacted by rise in prices in Fuels, not visible in clean CCS result due to the CC
Slide 13: Strong balance sheet maintained – low leverage ratio and high cash position
Strong balance sheet maintained – low leverage ratio and high cash position EUR bn, % OMV cash position End of March 2026 9.3 EUR 3.5 bn Net debt in EUR bn 6.0 Leverage ratio 32% 4.5 Leverage ratio reflects the impact of Borealis OMV undrawn committed 21% 3.2 3.6 deconsolidation on equity credit fac
Slide 14: P&L impact of Borouge International formation
P&L impact of Borouge International formation Reconciliation of Clean CCS net income to reported net income Q1/26 EUR mn 1,645 222 42 • Amongst other effects, the formation of Borouge International led to a gain from deconsolidation of Borealis Group amounting to EUR 886 mn, stemming from the differ
Slide 15: Impact of the Borouge International transaction on OMV’s main financial indicators
Impact of the Borouge International transaction on OMV’s main financial indicators Pre-Borouge International Post-Borouge International 100% Borealis clean CCS Operating Result Clean CCS Operating Result 50% Baystar clean net income 36% Borouge PLC net income → 50%1 Borouge International clean net i
Slide 16: Outlook 2026
Outlook 2026 Previous 2025 Q1/26 FY 2026 forecast Brent oil price (USD/bbl) 69 81 85–95 ~65 THE (Trading Hub Europe) gas price (EUR/MWh) 37 41 ~45 >30 MARKET OMV average realized gas price (EUR/MWh) 30 31 35–40 <30 OMV refining indicator margin Europe (USD/bbl) 10.1 13.9 10–15 ~8 Ethylene indicator
Slide 17: Appendix
OMV GROUP Appendix
Slide 18: Pro forma OMV excl. Borealis/Borouge/Baystar for modelling purposes
Pro forma OMV excl. Borealis/Borouge/Baystar for modelling purposes No pro-forma equity contribution from the new Borouge International entity, which will include Borealis, Borouge, and NOVA, has been included for historical periods 2024 2024 2025 2025 Δ Δ reported pro forma reported Pro forma In EU
Slide 19: Strong balance sheet
Strong balance sheet Balance sheet March 31, 2026, vs. Dec. 31, 2025 EUR bn 46.3 46.3 43.0 43.0 • Equity-accounted investments: first-time recognition of investment in Borouge Tangible & International EUR 10,358 mn (derecognition of 16.8 16.3 intangible assets prior Borouge investment EUR 3,438 mn)
Slide 20: Sensitivities of OMV Group results in 2026
Sensitivities of OMV Group results in 2026 In light of the ongoing conflict in the Middle East and its effect on commodity markets, the sensitivities presented might not fully capture the actual impacts on results and/or cash flow. Annual impact excl. hedging Clean CCS Operating EUR mn Operating Res
Slide 21: OMV GROUP
OMV GROUP