Slide 1: Q4 2020 Results Conference Call
Q4 2020 Results Conference Call Alfred Stern CEO Borealis February 4, 2021
Slide 2: Disclaimer
Disclaimer This report contains forward-looking statements. Forward-looking statements may be identified by the use of terms such as “outlook,” “expect,” “anticipate,” “target,” “estimate,” “goal,” “plan,” “intend,” “may,” “objective,” “will”, and similar terms or by their context. These forward-loo
Slide 3: Borealis at a glance - leading polyolefin producer with a focus on innovation
Borealis at a glance - leading polyolefin producer with a focus on innovation Long history and expertise in polyolefins business, established 25 years ago by three oil & gas companies (Neste, OMV, Statoil) Global footprint in ~250 mn t global polyolefin market, showing above GDP growth Leading
Slide 4: Borealis is the second largest polyolefin producer in Europe and among the top 10 worldwide
Borealis is the second largest polyolefin producer in Europe and among the top 10 worldwide Capacities 2019, based on ownership share PE PP mn t World Europe Sinopec 13.5 LyondellBasell 4.8 ExxonMobil 12.9 Borealis 3.8 LyondellBasell 10.9 Ineos 3.1 Dow 9.8 SABIC 2.9 SABIC 8.7 Total 2.3 CNPC/Petrochi
Slide 5: Strong financial track record
Strong financial track record Operating result (incl. JVs) Cash flow from operating activities (incl. JV dividends) EUR mn Net profit from associates EBIT EUR mn 1,530 1,558 1,425 1,334 1,225 1,281 1,206 1,187 1,102 1,092 991 731 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 Net profit
Slide 6: Resilient business model underpinned by solid 2020 financials
Resilient business model underpinned by solid 2020 financials Quarterly operating result (incl. JVs) and net profit 2020 EUR mn 288 Strong operating cash flow and net profit even in a volatile market environment 205 210 181 165 151 163 Balanced application portfolio including high share 138 of s
Slide 7: Leading polyolefin producer with strong global market presence and resilient portfolio focusing on specialties
Leading polyolefin producer with strong global market presence and resilient portfolio focusing on specialties Large share of specialty products and application know-how, increasing earnings resilience (60% margin share) Leading supplier in the Energy and Pipe industry One of the largest produ
Slide 8: Borealis providing solutions to growing energy market
Borealis providing solutions to growing energy market Long-distance energy Ongoing innovations Leading supplier to transportation with 640 kV like encapsulation the energy industry DC cable – world record! materials and backsheets BorlinkTM technology for solar modules Strong market growth p
Slide 9: Polyolefins continue to show above-average market growth
Polyolefins continue to show above-average market growth Polyolefin demand by region mn t CAGR 2020-2030 351 Polyolefin market (representing ~50% of global 34 polymer market) growing above global GDP and 4.3% showing higher increase vs. remaining polymer market 251 4.4% Strong global increase (+
Slide 10: Together with Borouge and Baystar, Borealis supplies polyolefins across the globe
Together with Borouge and Baystar, Borealis supplies polyolefins across the globe PO sales volume and regional split 1 mn t 8.6 8.6 8.2 0.4 Baystar Americas 8% 7.5 7.4 7.1 6.8 Middle East, Africa 21% 3.8 Borealis CIS 2% 5.3 5.5 5.1 5.3 Europe 33% 4.0 4.4 Borouge Asia 36% 2010 2011 2012 2013 2014 201
Slide 11: Borealis benefits from feedstock cost advantage, integration, and high flexibility
Borealis benefits from feedstock cost advantage, integration, and high flexibility Central Europe Average feedstock flexibility at Borealis’ crackers Integration with OMV refineries, over the fence supply with ethylene and propylene Naphtha Nordics/Benelux 15-50% High feedstock flexibility i
Slide 12: Borealis well positioned to participate in market expansion via global growth projects
Borealis well positioned to participate in market expansion via global growth projects Europe Americas Middle East & Asia-Pacific © Total Belgium – new PDH 1 plant in Kallo, Texas (US) – Baystar JV with Total Abu Dhabi – Borouge located in proximity to Port of Antwerp ► Cost advantaged feedstock Eth
Slide 13: Borealis acts as frontrunner in transforming the industry toward circularity
Borealis acts as frontrunner in transforming the industry toward circularity ► Changing industry trends leading to strong market demand for recycled polyolefins (rPO) ► Borealis has the right capabilities to develop solutions for its customers ► Borealis leading in circular economy solutions Four me
Slide 14: Strong position for continued leadership in circularity and outperforming the market
Strong position for continued leadership in circularity and outperforming the market Global footprint with a leading position in polyolefin industry clusters Advancing growth with projects in Asia- Pacific, United States, and Europe Embrace Asset integration, advantaged feedstock, and flexibli
Slide 15: 15 | OMV Group, Q4 2020 Conference Call, February 4, 2021
15 | OMV Group, Q4 2020 Conference Call, February 4, 2021