Omv Ag · VIE:OMV

Omv — Q2 2018 Earnings Presentation

26 slides from Omv's earnings presentation, Aug 2, 2018

  1. Slide 1: OMV Q2 2018 Results Conference Call

    OMV Q2 2018 Results Conference Call August 2, 2018 Rainer Seele Chairman of the Executive Board and CEO The spoken word applies 1/26 | OMV Group

  2. Slide 2: OMV Q2 2018 Results Conference Call, August 2, 2018 2/26 | OMV Group

    OMV Q2 2018 Results Conference Call, August 2, 2018 2/26 | OMV Group

  3. Slide 3: Macro environment – Higher oil prices, lower refining margins

    OMV Q2 2018 Results Conference Call, August 2, 2018 Ladies and gentlemen, good morning and thank you for joining us. In Q2, we made significant progress in the implementation of our strategy by achieving important milestones. We generated once again a strong cash flow and our second quarter operatin

  4. Slide 4: OMV Q2 2018 Results Conference Call, August 2, 2018 4/26 | OMV Group

    OMV Q2 2018 Results Conference Call, August 2, 2018 4/26 | OMV Group

  5. Slide 5: Key messages

    OMV Q2 2018 Results Conference Call, August 2, 2018 Slide 4: Key messages Let me now briefly point out the highlights of the second quarter of 2018. Our clean CCS Operating Result reached 726 million Euros, up 10 percent versus the same period a year ago. The result was negatively impacted by the Pe

  6. Slide 6: This page is intentionally left blank.

    OMV Q2 2018 Results Conference Call, August 2, 2018 This page is intentionally left blank. 6/26 | OMV Group

  7. Slide 7: Gas infrastructure divestment

    OMV Q2 2018 Results Conference Call, August 2, 2018 This gas infrastructure is not strategic for OMV and its divestment will have no impact on OMV’s production. The transaction is expected to be completed in Q4 2018 and is subject to relevant approvals. 7/26 | OMV Group

  8. Slide 8: OMV Q2 2018 Results Conference Call, August 2, 2018 8/26 | OMV Group

    OMV Q2 2018 Results Conference Call, August 2, 2018 8/26 | OMV Group

  9. Slide 9: Clean CCS Operating Result improved versus Q2 2017

    OMV Q2 2018 Results Conference Call, August 2, 2018 Slide 5: Clean CCS Operating Result improved versus Q2 2017 Let’s now turn to our financial performance in the second quarter of 2018. The clean CCS Operating Result increased by 64 million Euros to 726 million Euros compared to the second quarter

  10. Slide 10: OMV Q2 2018 Results Conference Call, August 2, 2018 10/26 | OMV Group

    OMV Q2 2018 Results Conference Call, August 2, 2018 10/26 | OMV Group

  11. Slide 11: Upstream – Strong earnings increase due to higher sales volumes and prices

    OMV Q2 2018 Results Conference Call, August 2, 2018 Slide 6: Upstream – Strong earnings increase due to higher sales volumes and prices Let me now come to the performance of our two business segments. Upstream experienced a strong quarter driven by higher sales volumes in Russia and higher crude pri

  12. Slide 12: OMV Q2 2018 Results Conference Call, August 2, 2018 12/26 | OMV Group

    OMV Q2 2018 Results Conference Call, August 2, 2018 12/26 | OMV Group

  13. Slide 13: Downstream – Lower earnings due to weaker margin environment and OMV Petrol Ofisi divestment

    OMV Q2 2018 Results Conference Call, August 2, 2018 Slide 7: Downstream – Lower earnings due to weaker margin environment and OMV Petrol Ofisi divestment In Downstream, the clean CCS Operating Result decreased by 72 million to 338 million Euros as compared to Q2 2017, mainly driven by Downstream Oil

  14. Slide 14: OMV Q2 2018 Results Conference Call, August 2, 2018 14/26 | OMV Group

    OMV Q2 2018 Results Conference Call, August 2, 2018 14/26 | OMV Group

  15. Slide 15: Organic free cash flow after dividends of EUR 0.7 bn

    OMV Q2 2018 Results Conference Call, August 2, 2018 Slide 8: Organic free cash flow after dividends of EUR 0.7 bn Let’s now continue with the cash flow. In the first half of 2018, the cash flow from operating activities amounted to 2.3 billion Euros – an increase of 395 million Euros compared to the

  16. Slide 16: OMV Q2 2018 Results Conference Call, August 2, 2018 16/26 | OMV Group

    OMV Q2 2018 Results Conference Call, August 2, 2018 16/26 | OMV Group

  17. Slide 17: Strong cash position and low gearing ratio

    OMV Q2 2018 Results Conference Call, August 2, 2018 Slide 9: Strong cash position and low gearing ratio OMV’s balance sheet remained very healthy and showed strong liquidity. Net debt increased by 0.5 to 2.8 billion Euros, primarily due to the acquisition of the 20 percent stake in the two offshore

  18. Slide 18: OMV Q2 2018 Results Conference Call, August 2, 2018 18/26 | OMV Group

    OMV Q2 2018 Results Conference Call, August 2, 2018 18/26 | OMV Group

  19. Slide 19: Outlook 2018

    OMV Q2 2018 Results Conference Call, August 2, 2018 Slide 10: Outlook 2018 Let me conclude with the outlook for 2018. Throughout the first half of this year, we saw the oil price stabilizing at a level of around 70 US Dollars per barrel. Based on this, we have decided to update the oil price forecas

  20. Slide 20: OMV Q2 2018 Results Conference Call, August 2, 2018 20/26 | OMV Group

    OMV Q2 2018 Results Conference Call, August 2, 2018 20/26 | OMV Group

  21. Slide 21: OMV Q2 2018 Results Conference Call, August 2, 2018 21/26 | OMV Group

    OMV Q2 2018 Results Conference Call, August 2, 2018 21/26 | OMV Group

  22. Slide 22: OMV Q2 2018 Results Conference Call, August 2, 2018 22/26 | OMV Group

    OMV Q2 2018 Results Conference Call, August 2, 2018 22/26 | OMV Group

  23. Slide 23: OMV Q2 2018 Results Conference Call, August 2, 2018 23/26 | OMV Group

    OMV Q2 2018 Results Conference Call, August 2, 2018 23/26 | OMV Group

  24. Slide 24: OMV Q2 2018 Results Conference Call, August 2, 2018 24/26 | OMV Group

    OMV Q2 2018 Results Conference Call, August 2, 2018 24/26 | OMV Group

  25. Slide 25: OMV Q2 2018 Results Conference Call, August 2, 2018 25/26 | OMV Group

    OMV Q2 2018 Results Conference Call, August 2, 2018 25/26 | OMV Group

  26. Slide 26: OMV Q2 2018 Results Conference Call, August 2, 2018 26/26 | OMV Group

    OMV Q2 2018 Results Conference Call, August 2, 2018 26/26 | OMV Group

OMV — Q2 2018 Earnings Presentation on 6ix