Omv Petrom Sa · BVB:SNP
Omv Petrom Sa — Investor Day (June 2024)
64 slides from Omv Petrom Sa's investor day presentation, Jun 19, 2024
Slide 1: OMV Petrom – Capital Markets Day, June 19, 2024
OMV Petrom – Capital Markets Day, June 19, 2024 The spoken word applies. Check against delivery. 1
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Slide 3: Welcome and introduction
OMV Petrom – Capital Markets Day, June 19, 2024 Good afternoon, Ladies and Gentlemen, and a warm welcome to our 2024 Capital Markets Day. Before we start, let me draw your attention to the cautionary note regarding forward-looking statements at the beginning of this presentation. Today, the Executiv
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Slide 5: Strategic ambition for 2030
OMV Petrom – Capital Markets Day, June 19, 2024 Let me start by reminding you of our strategic ambition for 2030. Namely, to lead the energy transition in South-East Europe, capitalizing on the opportunities we see in emerging markets. Our goal is to transform the company for a lower carbon future,
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Slide 7: Achievements in each strategic pillar
OMV Petrom – Capital Markets Day, June 19, 2024 Let me quickly take you through our achievements in each of the strategic pillars. Starting with the traditional business, in Exploration and Production, we executed our drilling and workover plan. We announced the discovery of new crude oil and natura
Slide 8: Achievements: e-mobility, dividends and emissions
OMV Petrom – Capital Markets Day, June 19, 2024 On alternative mobility, after closing the acquisition of Renovatio network last month, we are well on track to reach around 1,000 fast and ultra-fast charging points by the end of this year, positioning OMV Petrom as the largest player in e-mobility i
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Slide 11: Proposition to shareholders
OMV Petrom – Capital Markets Day, June 19, 2024 Our proposition to shareholders remains unchanged: increase profitability and grow dividends, while securing a sustainable long-term business. We are developing our integrated business model and expanding our gas business with Neptun Deep. Our target t
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Slide 13: Strategic projects support decarbonization
OMV Petrom – Capital Markets Day, June 19, 2024 All our strategic projects support our company’s and Romania’s decarbonization agenda, as well as our ambition to reach carbon neutral operations by 2050. Natural gas is expected to play a pivotal role as a transition fuel in the power mix in Romania,
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Slide 15: Market context
OMV Petrom – Capital Markets Day, June 19, 2024 Turning to the market context that underpins our strategy. Romania’s fast-growing economy is a key driver of energy demand and we have already started to capture this opportunity. According to the IMF, Romanian GDP is forecast to grow at an average ann
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Slide 17: Optimize traditional business
OMV Petrom – Capital Markets Day, June 19, 2024 Moving to our strategic pillar Optimize traditional business, our core business will continue to be highly cash generative, funding investment in regional gas growth, low and zero carbon projects, as well as dividend distributions. Let me provide some
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Slide 19: Exploration and Production outlook
OMV Petrom – Capital Markets Day, June 19, 2024 We will continue to optimize our traditional production and high-grade our portfolio. By 2030, we plan to increase our hydrocarbon production by more than 40 percent versus 2023, with gas accounting for about 70 percent, supported by Neptun Deep volume
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Slide 21: Refining and Marketing: Petrobrazi
OMV Petrom – Capital Markets Day, June 19, 2024 Moving to Refining and Marketing. Our Petrobrazi refinery has just celebrated 90 years of operations this week. Through post-privatization investments of over 2 billion euro, we have ensured that it operates reliably and safely at very high utilization
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Slide 23: Retail strategy
OMV Petrom – Capital Markets Day, June 19, 2024 In retail, our long-term ambition is to remain our customers’ first choice in Romania, while consolidating our position in the other operating markets. As a leading provider of products and services for mobility in the region, we aim to drive value thr
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Slide 25: Gas and Power
OMV Petrom – Capital Markets Day, June 19, 2024 In Gas and Power, we are consolidating our position as the leading integrated gas and power supplier in Romania, while enlarging our regional gas and power presence. To do this, we are growing beyond our equity gas, by further extending origination and
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Slide 27: Grow regional gas
OMV Petrom – Capital Markets Day, June 19, 2024 Let’s now take a look at the second pillar of our strategy – Grow regional gas. OMV Petrom has more than 40 years of experience as an operator in the Black Sea. Our knowledge of this basin can help unlock potential for further growth beyond Romania and
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Slide 29: Neptun Deep project team
OMV Petrom – Capital Markets Day, June 19, 2024 Thank you, Christina, and good afternoon, Ladies and Gentlemen. My name is Martin Urquhart, and I am the Vice President for the Neptun Deep project. I have been in the oil and gas industry for 35 years and worked internationally on a number of highly c
Slide 30: Neptun Deep development concept
OMV Petrom – Capital Markets Day, June 19, 2024 pipeline from Domino is continuously, direct electrically heated, a reasonably novel technology in the industry, ensuring flow assurance reliability and high production system availability. The unmanned shallow water platform is where gas processing wi
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Slide 33: Neptun Deep carbon footprint
OMV Petrom – Capital Markets Day, June 19, 2024 At plateau production, the carbon footprint of Neptun Deep operations is expected to be around 2.2 kilograms of CO2 per barrel of oil equivalent, almost 8 times lower than the industry average. Depletion drive, using the natural pressure from the reser
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Slide 35: Neptun Deep milestones
OMV Petrom – Capital Markets Day, June 19, 2024 As I said earlier, Neptun Deep is on track to deliver first gas in 2027. Let me briefly highlight some of the key milestones of the project. From 2008 to 2015, the highly successful exploration and appraisal campaign on Domino and Pelican, which includ
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Slide 39: Renewable power targets
OMV Petrom – Capital Markets Day, June 19, 2024 Thank you, Martin. Let me continue with the third pillar in our 2030 Strategy – the low and zero carbon projects. I will start with renewable power, where we are increasing and accelerating our growth plans. We now target around 2.5 GW of solar and win
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Slide 41: Biofuels, SAF and hydrogen
OMV Petrom – Capital Markets Day, June 19, 2024 Another segment where we plan to have a significant contribution is the decarbonization of transportation. In this respect, we are preparing our refinery for the increased renewable fuels demand in the region. In short, our aim is to position Petrobraz
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Slide 43: E-mobility ambitions
OMV Petrom – Capital Markets Day, June 19, 2024 Meeting net-zero targets as a society means not only changing the supply mix in terms of carbon content, but also transforming the demand mix. Currently, below 1 percent of the total car fleet in Romania is made up of electric vehicles. This is expecte
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Slide 45: Carbon capture and storage
OMV Petrom – Capital Markets Day, June 19, 2024 Our ambitious decarbonization plans go beyond renewable power, biofuels and e-mobility as we continue to look at emerging technologies. Carbon capture and storage is expected to play a critical role in reducing emissions, especially for the hard-to-aba
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Slide 47: Low and zero carbon investments
OMV Petrom – Capital Markets Day, June 19, 2024 Our ambitions in the low and zero carbon business are backed by substantial investments over the course of the decade. By 2030, we plan to invest around 3.7 billion euro in low and zero carbon projects, accounting for 35% of our total CAPEX, the same w
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Slide 49: Macro environment and financial introduction
OMV Petrom – Capital Markets Day, June 19, 2024 Thank you, Christina, and a warm welcome from my side. Ladies and Gentlemen, the past two and a half years have been very challenging, bringing events we could not have envisaged in December 2021, when we first presented our Strategy 2030. In addition
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Slide 51: Financial frame for Strategy 2030
OMV Petrom – Capital Markets Day, June 19, 2024 Let me remind you of the three key elements of the financial frame for our Strategy 2030: rigorous capital discipline, strong financial performance, and attractive returns to shareholders. The first element of our financial frame, rigorous capital disc
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Slide 53: Capital allocation priorities
OMV Petrom – Capital Markets Day, June 19, 2024 The goal of our financial frame is to enhance shareholder value and returns. In preparing our financial strategy, we have set a sound capital allocation policy with clear priorities. First, we will invest in our organic portfolio. Our E&P traditional b
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Slide 55: Capital discipline and investment plan
OMV Petrom – Capital Markets Day, June 19, 2024 I will now go into more details on the first element of our financial frame. We are set to be the largest Romanian private investor in the energy transition, with a total investment plan of 11 billion euro, of which around 20 percent is dedicated to re
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Slide 57: Clean CCS EBIT outlook
OMV Petrom – Capital Markets Day, June 19, 2024 Looking now at the financial performance, our Clean CCS EBIT will see a significant increase by the end of the decade, mostly due to regional gas and low and zero carbon projects. Our traditional business will continue its strong performance, generatin
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Slide 59: Dividend guidance
OMV Petrom – Capital Markets Day, June 19, 2024 Moving to the third element of our financial frame, we are maintaining our ambition to offer highly competitive dividend growth. And yesterday we reinforced our existing dividend policy, with a stronger dividend guidance. We now aim to distribute betwe
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Slide 61: Enablers: digitalization and people
OMV Petrom – Capital Markets Day, June 19, 2024 Thank you, Alina. I wanted to touch on a couple of fundamental enablers to delivering our strategy. First, our transformation journey is enabled by digitalization, which is a driver of value and a catalyst for our transformation. We are dedicated to ex
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Slide 63: Conclusion
OMV Petrom – Capital Markets Day, June 19, 2024 Let me now conclude our presentation. Our Strategy 2030 has demonstrated its resilience in a highly volatile macro environment. The Strategy we presented to you in December 2021 remains the right one, with some adjustments to reflect the significant ma
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