OMV Petrom S.A.

Report Publication Announcement • Jul 28, 2022

National Storage Mechanism | Additional information

RNS Number : 0525U

OMV Petrom S.A.

28 July 2022

OMV Petrom S.A.

OMV Petrom Group results for January - June and Q2 2022

including interim unaudited condensed consolidated financial statements as of and for the period ended June 30, 2022

Highlights Q2/22 vs Q2/21

Group

u Clean CCS Operating Result at RON 3.7 bn, 330% higher, in the context of unprecedentedly high and volatile commodity prices driven by the geopolitical context

u Clean CCS net income attributable to stockholders at RON 3.0 bn, up 341%

u Cash flow from operating activities at RON 3.7 bn, 148% higher

u CAPEX at RON 0.8 bn, up 19%

u Free cash flow after dividends improved to RON 1.1 bn from an outflow of RON 0.4 bn

u Clean CCS ROACE at 26.9%, 20 pp higher

u TRIR: 0.48 (Q2/21: 0.53)

Exploration and Production

u Clean Operating Result at RON 1,889 mn vs. RON 473 mn in Q2/21, mainly due to higher oil and gas prices as well as stronger USD

u Production decreased by 10.2%, mainly due to divestments and high natural decline

u Production cost improved by 12% to USD 10.9/boe, mainly driven by a one-off effect and favorable FX, partly offset by lower production available for sale

Refining and Marketing

u Clean CCS Operating Result at RON 1,197 mn, up 197%, mainly reflecting favorable refining margins environment

u OMV Petrom indicator refining margin at USD 24.4/bbl, up 473% on higher product spreads, mainly for diesel and gasoline

u Refinery utilization rate at 86%, compared to 91% in Q2/21, reflecting planned maintenance in April

u Retail volumes 1% higher, however on lower margins

Gas and Power

u Clean Operating Result at RON 816 mn vs. RON 61 mn in Q2/21, with higher contributions from both gas and power lines of business

u Slightly lower gas sales volumes enabled by third party gas acquisitions, in the context of lower market demand

u Higher net electrical output at 1.1 TWh, supported by improved availability and very good optimization of the power plant 

Key events

u OMV Petrom announced in June the first batch of sustainable aviation fuel at Petrobrazi

u OMV Petrom and Auchan Romania reached more than 200 MyAuchan stores in Petrom stations

u On July 26, the OGMS approved the distribution of RON 0.045/share special dividend, leading to record high dividends: base dividends of RON 1.9 bn paid from June 6 and special dividends of RON 2.5 bn to be paid starting September 2

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

http://www.rns-pdf.londonstockexchange.com/rns/0525U_1-2022-7-28.pdf

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DOCSEUSLAEESEIW