OMV Petrom S.A.

Report Publication Announcement • Jul 31, 2019

National Storage Mechanism | Additional information

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RNS Number : 3261H

OMV Petrom S.A.

31 July 2019

OMV Petrom  S.A.

Investor News

July 31, 2019

OMV Petrom Group results for January - June and Q2 2019 

including unaudited interim condensed consolidated financial statements as of and for the period ended June 30, 2019

Highlights Q2/19 vs Q2/18

Group

u Clean CCS Operating Result at RON 1.0 bn, 36% higher

u Clean CCS net income attributable to stockholders at RON 0.85 bn, up 83%

u Cash flow from operating activities at RON 1.4 bn, 3% higher

u CAPEX at RON 0.9 bn, down 30%

u Dividends for the 2018 financial year paid, RON 1.5 bn

u Free cash flow after dividends at RON (1.1) bn, 65% lower

u Clean CCS ROACE at 16.4%, 7 pp higher

Upstream

u Clean Operating Result at RON 774 mn, weaker by 6%, mainly driven by lower oil prices and hydrocarbon volumes 

u Production decreased by 5.6%, mostly due to natural decline and the transfer of marginal fields

u OPEX improved by 4% to USD 11.20/boe, reflecting favorable FX effects and cost optimization 

Downstream Oil

u Clean CCS Operating Result at RON 339 mn, 74% higher, due to excellent operational performance, offsetting the weaker refining margins, while Q2/18 was impacted by the refinery turnaround

u OMV Petrom indicator refining margin at USD 3.85/bbl, down 43%

u Refinery utilization rate at 94%; retail volumes up 3%

Downstream Gas

u Clean Operating Result at RON (18) mn compared to RON 26 mn in Q2/18, with lower contribution from both gas and power activities

u 4% lower gas sales volumes to third parties; net electrical output at 0.05 TWh in the context of negative spark spreads

u Since May 2019, OMV Petrom has been supplying the gas regulated market; 2.94 TWh were delivered in Q2/19 to the households and district heating for households suppliers, as per the set allocation

Please access the link here below to view the full report.

http://www.rns-pdf.londonstockexchange.com/rns/3261H_1-2019-7-31.pdf

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