Omv Petrom Sa · BVB:SNP
Omv Petrom Sa — Investor Day (September 2026)
42 slides from Omv Petrom Sa's investor day presentation, Sep 29, 2026
Slide 1: Capital Markets Day: Progress on Strategy 2030 execution
Capital Markets Day OMV Petrom Progress on Strategy 2030 execution Bucharest | September 29, 2026
Slide 2: Disclaimer
Disclaimer This presentation or the fact of its distribution does not, and is not intended to, target, dividend, production evolution, price assumptions in base and downside constitute or form part of, and should not be construed as, constituting or forming scenarios should be taken as forecasts or
Slide 3: Our presenters today
OMV Petrom Our presenters today Christina Verchere Franck Neel Alina Popa CEO EB Member CFO Gas & Power Cristian Hubati Radu Caprau EB Member EB Member Exploration & Production Refining & Marketing 3 OMV Petrom Capital Markets Day 2026
Slide 4: Contents
1 2 3 4 5 Contents Strategy 2030: Energy markets On track to Financial Key Transforming for and macro deliver our frame messages resilient growth environment 2030 targets 4 OMV Petrom Capital Markets Day 2026
Slide 5: Strategy 2030: Transforming for resilient growth
Strategy 2030: Transforming for resilient growth Providing reliable energy. Progressing towards a lower carbon future1. Delivering value for our stakeholders. We are delivering on our Strategy 2030 through three Transition to low and areas of strategic growth: zero carbon • Black Sea gas: Neptun Dee
Slide 6: Transformation drives ~50% higher Group profitability by 2030
Our business transformation in progress Transformation drives ~50% higher Group profitability by 2030 Average annual Clean CCS EBIT Average annual CAPEX per strategic pillar, EUR bn per strategic pillar, EUR bn ~50% ~1.7 >1.5 RES, EVs Biofuels, New >1.0 technologies New business activities, in ~1 Re
Slide 7: Competitive dividend distributions and total shareholder returns
Dividend policy in action Competitive dividend distributions and total shareholder returns Strong dividend yield1 Attractive payout ratios Competitive 2022-2025 TSR3 % % of OCF2, average for 2021-2025 % 15.9 19.6 12.4 9.1 5.8 2021 2022 2023 2024 2025 51 ~160 Dividend, RON bn 5.1 38 4.5 4.4 4.0 3.6 2
Slide 8: Resilient growth in energy, value and dividends
OMV Petrom investment proposition Advanced Growing cash Highly Transforming execution for the flows and competitive for a lower largest offshore profitability dividend carbon future at Resilient growth gas resource1 distributions4 adjusted pace in the EU in energy, value and dividends >70% ~15% ~50%
Slide 9: Contents
1 2 3 4 5 Contents Strategy 2030: Energy markets On track to Financial Key Transforming for and macro deliver our frame messages resilient growth environment 2030 targets 9 OMV Petrom Capital Markets Day 2026
Slide 10: Challenging landscape and volatile energy markets
Operating environment Challenging landscape and volatile energy markets Disruptive regional and global events European energy environment is going impacting our operating environment through significant transformation • Energy crises • Stronger focus on energy security Higher commodity prices • Ener
Slide 11: Strong GDP growth on paced transition
Energy context Strong GDP growth on paced transition GDP per capita CAGR Demand2 in our operating region % 2025 vs 2019 2030 vs 2025 2040 vs 2030 Gasoline +26% +12% -10% 2.3% 4.3% 2025–2030 Diesel +19% +2% -20% EU 1.6% OMV Petrom operating markets Jet +22% +20% +15% Gas -9% +20% -10% 1.9% 4.2% 2019–
Slide 12: Volatility of commodity prices expected to persist
Base case price assumptions Volatility of commodity prices expected to persist Price assumptions 2027 – 2030 Brent oil ~75 Increased geopolitical USD/bbl (prev. 80) and regulatory risks Indicator refining margin USD/bbl 8–9 TTF hub price 25 – 35 Changes and disruptions EUR/MWh (prev. 25-30) to suppl
Slide 13: Strategic direction unchanged, while adapting to market and transition pace
Strategic flexibility Strategic direction unchanged, while adapting to market and transition pace Advancing Neptun development Strong cash flow generation and pursuing further Black Sea to support transformation exploration, while optimizing the and attractive shareholder traditional E&P business re
Slide 14: Contents
1 2 3 4 5 Contents Strategy 2030: Energy markets On track to Financial Key Transforming for and macro deliver our frame messages resilient growth environment 2030 targets 14 OMV Petrom Capital Markets Day 2026
Slide 15: Building a strong position in a proven and emerging gas play
Grow regional gas in the Black Sea Building a strong position in a proven and emerging gas play In the Black Sea we have built a portfolio of opportunities: 1 1 Istria OMV Petrom Operator Production 2 2 Neptun Shallow Petromar (>12 kboe/d1), Romania 2 OMV Petrom Operator Neptun Deep OMV Petrom Opera
Slide 16: Neptun Deep first gas expected in the first half of 2027
The largest offshore project in the EU Neptun Deep first gas expected in the first half of 2027 A game-changer project: Key facts • 4 years to market, 2 years faster than industry average5 Development CAPEX1 • Plateau production to be reached by end-Q3 2027 EUR bn ~4 • Fully remotely operated produc
Slide 17: OMV Petrom Capital Markets Day 2026
OMV Petrom Capital Markets Day 2026
Slide 18: Continue exploration for new opportunities
Black Sea exploration in Romania and Bulgaria Continue exploration for new opportunities EUR 100 mn 2-3 wells Strong offshore capabilities developed in the last decade: from operator in shallow water to deep water operator in offshore exploration to explore new exploration, projects and soon to be o
Slide 19: Neptun Deep volumes upgrade E&P portfolio
E&P business Neptun Deep volumes upgrade E&P portfolio Hydrocarbon production1 kboe/d 2025 2030 ~60% Workovers p.a. 542 ~500 ~170 New wells p.a. 312 30 - 50 Facilities and wells modernized and automated 88% >95% 105 Production cost USD/boe 18 ~93 Gas 54% CAPEX EUR mn 1,120 ~5004 Oil 46% Exploration
Slide 20: Neptun Deep gas to contribute to regional security of supply
Expanding beyond Romania Neptun Deep gas to contribute to regional security of supply Market demand 2025 Neptun Deep Total Group • Romania expected to become net exporter gas sales2 EU1 ~339 bcm Ukraine1 • Infrastructure in place to export to >70 TWh/year ~17 bcm neighboring importing countries by 2
Slide 21: Building a regional integrated and flexible power portfolio
Integrated power Building a regional integrated and flexible power portfolio Expand portfolio from conventional assets based in Romania to a regional generation Assets power Integrated power system power asset portfolio • Maintain Brazi power plant position on the power market • Renewable power: >1.
Slide 22: ~EUR 1 bn investment to support our renewables portfolio
RES project portfolio ~EUR 1 bn1,2 investment to support our renewables portfolio Investment rationale Capacity net • Integrating renewables, power storage and flexible gas generation ~0.8 >1.3 GW GW3 • Strong renewable asset base in Romania and Bulgaria • Multiple value streams, capturing flexibili
Slide 23: More than 60% of projects FID-ed
Renewable power projects More than 60% of projects FID-ed Joint development with our partners • CE Oltenia1 550 MW2 PV, 50% interest Brazi gas-fired power plant • Renovatio3 Renovatio projects ~980 MW2 wind, 180 MW2 PV, 2 MW hydro2, Wind 50% interest thereof, 90 MW operational4 PV • Gabare (Bulgaria
Slide 24: RES projects
RES projects OMV Petrom Capital Markets Day 2026
Slide 25: High performing refinery: adapted to capture market opportunities
Petrobrazi refinery High performing refinery: adapted to capture market opportunities High reliability: above average Increased flexibility: ability to Long-term refinery utilization1 process a wider imported crude basket competitiveness: % Number of processed crude types +3% • Capturing ~EUR 100 >1
Slide 26: Becoming the first major producer of renewable fuels in SE Europe
Supporting lower carbon transportation solutions: SAF/HVO Becoming the first major producer of renewable fuels in SE Europe 2030 objectives Investment rationale • Increasing biofuels demand in our region >10% ~ EUR 130 mn • EU funding availability IRR 2030 EBIT1 • Integration opportunities: green H2
Slide 27: On track and within budget, strong safety performance
SAF HVO Program On track and within budget, strong safety performance Shifting from engineering to construction and integration New Flare Feedstock • >65% total progress1 SAF • Feedstock secured >80% • Pre-marketing: ~25% of production placed HVO • Safety: ~2 million man-hours without LTI2 bio- • SA
Slide 28: SAF/HVO plant construction
SAF/HVO plant construction OMV Petrom Capital Markets Day 2026
Slide 29: Dual brand strategy and customer focus drive value increase
Retail business: customers’ first choice Dual brand strategy and customer focus drive value increase 2030 targets well underway Continue focus on Increase throughput per filling station to ~6 mn l • Network optimization • How: network optimization, strategic corridors and expansion in high • 2025 pr
Slide 30: Consolidating our position as 1st choice mobility provider in Romania
E-mobility Consolidating our position as 1st choice mobility provider in Romania 2030 objectives Investment rationale • Capture early mover advantage: targeted locations and ~EUR 0.2 bn >10% high-margin segments CAPEX1 IRR • Leverage integration with internal renewable power portfolio • Generate syn
Slide 31: Contents
1 2 3 4 5 Contents Strategy 2030: Energy markets On track to Financial Key Transforming for and macro deliver our frame messages resilient growth environment 2030 targets 31 OMV Petrom Capital Markets Day 2026
Slide 32: Capital discipline enabling strong financial performance and attractive shareholder returns
Financial frame – three pillars Capital discipline enabling strong financial performance and attractive shareholder returns Rigorous capital CAPEX¹ 2022–2030 ~EUR 11 bn discipline for low & zero carbon business ~EUR 2.7 bn Strong financial Clean CCS EBIT 2030 >EUR 1.5 bn performance ROACE by 2030 ~1
Slide 33: Rigorous capital discipline underpins strategy
Financial Frame Rigorous capital discipline underpins strategy Average annual CAPEX Return thresholds Average annual CAPEX By strategic pillar · EUR bn By business segment · % ~1.7 Double digit 10 returns 25 ~1 10 0.8 2 35 34 65 62 55 2019-2023 2024-2026 2027-2030 Low & zero carbon IRR >10% 2019-202
Slide 34: Delivering strong financial performance across the business
Financial Frame Delivering strong financial performance across the business Average annual Clean CCS EBIT Average annual Clean CCS EBIT Clean CCS ROACE per strategic pillar, EUR bn by business segment¹, % % >1.4 Low and zero carbon 15 Gas & Power 1.2 >1.0 ~15 ~14 Regional gas 10 20 Refining & 40 Mar
Slide 35: Efficiency programs continued to strengthen cost competitiveness
Focus on cost and efficiency Efficiency programs continued to strengthen cost competitiveness How value is delivered Corporate & Other Gas & Power Refining & Marketing Simplification and automation Exploration & Production • Processes • Assets • Overheads • Fit-for-purpose operating model Delivery ~
Slide 36: Growing base dividends, additional upside
Our commitment to shareholders Growing base dividends, additional upside Dividend policy Strong commitment by 2030 01 Progressive base dividend Base dividend Aligned with financial performance and investment needs, while safeguarding the Company’s long-term financial 5–10% increase p.a. health. 02 D
Slide 37: On track to achieve GHG targets, adjusted to energy transition pace
Our emissions reduction goals On track to achieve GHG targets, adjusted to energy transition pace <0.2% methane Strategic flexibility on emerging intensity Scope 1 – 2 Scope 1 – 31 technologies that support energy by 2030 GHG emissions Carbon Intensity of Energy Supply transition mnt CO2eq g CO2eq/M
Slide 38: Contents
1 2 3 4 5 Contents Strategy 2030: Energy markets On track to Financial Key Transforming for and macro deliver our frame messages resilient growth environment 2030 targets 38 OMV Petrom Capital Markets Day 2026
Slide 39: Resilient growth supports higher cash flows and attractive shareholder returns
Transformation in action Resilient growth supports higher cash flows and attractive shareholder returns Building a resilient On track to deliver energy company our 2030 ambitions, in advanced • Game changing Black Sea execution phase • Integrated power • Sustainable transportation1 1 2 Strong increa
Slide 40: Q&A session
Q&A session Join at slido.com #PETROMCMD2026 OMV Petrom Capital Markets Day 2026
Slide 41: Back-up
Back-up OMV Petrom Capital Markets Day 2026
Slide 42: Sensitivities: EBIT impact in 2028-2030
Sensitivities EBIT impact in 2028-2030 Sensitivities Change EBIT impact Brent oil price USD +1/bbl ~EUR +10 mn OMV Petrom indicator refining margin1 USD +1/bbl ~EUR +30 mn Gas price EUR +1/MWhh ~EUR 50 mn Exchange rates EUR/USD USD appreciation by 10 USD cents ~EUR +60 mn 42 OMV Petrom Capital Marke