OMV PETROM S.A.

OMV PETROM S.A.

About OMV PETROM S.A.

OMV Petrom is the largest integrated oil and gas group in Southeastern Europe and the leading industrial company in Romania. The company is organized in three operationally integrated business segments – Upstream, Downstream Oil and Downstream Gas.

In Upstream, OMV Petrom is present in Romania and Kazakhstan, with a portfolio of 606 mn boe proved (1P) reserves and hydrocarbons production of around 64 mn boe in 2016 (thereof nearly 4 mn t of crude oil and NGL and 5.3 bcm of natural gas).

The Downstream Oil portfolio comprises the 4.5 mn t/y capacity Petrobrazi refinery, which can process OMV Petrom’s entire Romanian equity crude oil, as well as a 783 filling stations network operated via two brands, Petrom and OMV, located in Romania, Moldova, Bulgaria and Serbia. The Downstream Oil segment generated 4.9 mn t refined product sales in 2016, thereof 2.6 mn t retail sales.

The Downstream Gas segment is the company’s sole gas marketing channel, accounting for 50.4 TWh sales volumes in 2016 (thereof 43.9 TWh to third parties). The Downstream Gas portfolio comprises the 860 MW gas fired power plant Brazi and the 45 MW wind park Dorobantu, which cumulatively generated 2.9 TWh of electricity in 2016.

OMV Petrom is part of the OMV Group, also an integrated, international oil and gas player.

OMV Petrom consolidated its position in the oil and gas market following a comprehensive modernization and efficiency enhancement program backed by investments of almost EUR 13 bn over the past twelve years, since privatization. During this period, OMV Petrom has provided a stable base for Romania’s economy as a reliable energy supplier, a major employer and a significant contributor to the state budget. Creating value for our customers by increasing customers’ satisfaction and experience has been one of our objectives. The company considers its responsibilities to its employees and the environment to be a priority. To this end, OMV Petrom has worked hard to lower the lost time injury rate and to consistently reduce its greenhouse gas emissions and water intensity.

On February 16, 2017 OMV Petrom, announced the Strategy Update 2021+, which defines the company’s vision to secure “Sustainable access to energy for everyday modern life” and builds on the strong foundation of the 2012 - 2016 performance to deliver sustainable value creation and attractive shareholder returns. Leveraging its Romanian skills and expertise, OMV Petrom is committed to maintain and strengthen its position as a leading energy player in the region, while enhancing customer experience and developing its portfolio through regional expansion.

The strategy will drive performance through three key pillars: Enhancing competitiveness in the existing portfolio, Developing growth options and Regional expansion

With a clearly defined execution plan, the strategy will address the sustainability of the reserve base, target the maximization of operational efficiency and explore opportunities along the value chain, preparing the company for new developments in the energy sector.

The company adhered to the Corporate Governance Code issued by the Bucharest Stock Exchange starting from the 2010 financial year.

Since April 2007, the Company is managed in a two-tier system, by the Executive Board, which runs the daily operations under the supervision and control of the Supervisory Board.

President: RAINER SEELE

Shareholder structure

Shareholder Shares Percent
OMV AKTIENGESELLSCHAFT loc. WIEN AUT 28,894,467,414 51.01%
STATUL ROMAN PRIN MINISTERUL ENERGIEI loc. BUCURESTI jud. SECTOR 6 11,690,694,418 20.64%
FONDUL PROPRIETATEA S.A. loc. BUCURESTI jud. SECTOR 1 7,117,548,078 12.57%
alti actionari / others 8,941,398,425 15.79%
Total 56,644,108,335 100%

Info provided by: DEPOZITARUL CENTRAL Date: 06/14/2017

Market statistics

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Dividends

Year Dividend Reference date for GMS GMS date (dividend) Record Date Ex-dividend Date Announcement Date Payment date
2017 0.020000 N/A 04/26/2018 05/25/2018 05/24/2018 03/19/2018 06/19/2018
2016 0.015000 04/14/2017 04/25/2017 05/23/2017 05/22/2017 02/16/2017 06/12/2017
2014 0.011200 04/18/2015 04/28/2015 05/21/2015 05/20/2015 03/25/2015 06/12/2015
2013 0.030800 04/18/2014 04/29/2014 05/16/2014 05/14/2014 03/25/2014 06/05/2014
2012 0.028000 04/12/2013 04/22/2013 05/14/2013 05/10/2013 03/21/2013 06/18/2013

New gas discovery in Oltenia region

New gas discovery in Oltenia region confirms near-field exploration opportunity   OMV Petrom S.A. (OMV Petrom), the largest energy company in South-Eastern Europe, discovered new resources in close proximity to existing infrastructure in Valcea County, Oltenia. The well 4317 Mamu was drilled as a step out from the existing Mamu field to ...

Report according art. 82 Law 24/2017 October

  In compliance with Law no. 24/2017 on issuers of financial instruments and market operations and Financial Supervisory Authority’s Regulation no. 5/2018 on issuers of financial instruments and market operations   Date of report: November 15, 2018 Name of issuer: OMV Petrom S.A. Headquarters: Bucharest, 22 Coralilor Street, Dis ...

Q3 2018 financial results

OMV Petrom Group results for January – September and Q3 2018 including unaudited interim condensed consolidated financial statements as of and for the period ended September 30, 2018 Highlights Q3/18 u  Clean CCS Operating Result RON 1.7 bn, up 62% yoy u  Operating cash flow RON 2.4 bn, up 62% yoy u  Clean CCS EPS up 78% yoy ...

Credit line cancellation

In compliance with Law no. 24/2017 on issuers of financial instruments and market operations and Financial Supervisory Authority’s Regulation no. 5/2018 on issuers of financial instruments and market operations   Date of report: October 31, 2018 Name of issuer: OMV Petrom S.A. Headquarters: Bucharest, 22 Coralilor Street, District 1 ...

Report availability for January-September 2018

Communique regarding the availability of the financial results as of September 30, 2018   OMV Petrom S.A. announces its shareholders and investors that the OMV Petrom Group’s consolidated results for January – September 2018 prepared in accordance with International Financial Reporting Standards will be available on the website www.omvpetro ...

Financial calendar 2019

Financial calendar 2019    Event Date Trading Update Q4 2018 Publication: 9:00 (local time) January 14, 2019 Quiet period 1 January 21 – February 5 , 2019 ...

Report according art. 82 Law 24/2017 September 2018

  In compliance with Law no. 24/2017 on issuers of financial instruments and market operations and Financial Supervisory Authority’s Regulation no. 5/2018 on issuers of financial instruments and market operations   Date of report: October 15, 2018 Name of issuer: OMV Petrom S.A. Headquarters: Bucharest, 22 Coralilor Street, Dist ...

Court of appeal decision

  In compliance with Law no. 24/2017 on issuers of financial instruments and market operations and Financial Supervisory Authority’s Regulation no. 5/2018 on issuers of financial instruments and market operations   Date of report: October 11, 2018 Name of issuer: OMV Petrom S.A. Headquarters: Bucharest, 22 Coralilor Street, Dist ...

Q3/18 Trading Update Key Performance Indicators

  Q3/18 Trading Update Key Performance Indicators   This trading update provides basic provisional information on the economic environment as well as OMV Petrom Group's key performance indicators for the quarter ended September 30, 2018. The OMV Petrom Group’s results for Q3/18 will be published on October 31, 2018. The information cont ...

Transfer of nine fields to Mazarine

    OMV Petrom’s Upstream Portfolio Optimization continues Agreement to transfer nine licenses signed with Mazarine Energy   OMV Petrom S.A. (OMV Petrom), the largest energy company in South-Eastern Europe, reached an agreement for the transfer of licenses for nine onshore oil and gas fields in Romania to Mazarine Energy Romani ...

Q3 2018 financial results

OMV Petrom Group results for January – September and Q3 2018 including unaudited interim condensed consolidated financial statements as of and for the period ended September 30, 2018 Highlight ...

2018 H1 financial results

    OMV Petrom Group results for January – June and Q2 2018 including unaudited interim condensed consolidated financial statements as of and for the period ended June 30, 2018   H ...

Q1 2018 financial results

OMV Petrom Group: results for January – March 2018 including unaudited interim condensed consolidated financial statements as of and for the period ended March 31, 2018 Highlights Q1/18 u ...

2017 Annual Report and Payments to Governments

     2017 Annual report and report on payments to governments   OMV Petrom S.A. informs its shareholders that the 2017 Annual Report, prepared in compliance with the requirements of th ...

2017 preliminary financial results

  OMV Petrom Group: results for Q4 and January – December 2017 including preliminary and unaudited condensed consolidated financial statements as of and for the period ended December 31, 2017 ...

2017 Q3 report

        OMV Petrom Group: results for Q3 and January – September 2017 including interim condensed consolidated financial statements as of and for the period ended September 30, 201 ...

Q3/17 Trading Update Key Performance Indicators

        Q3/17 Trading Update Key Performance Indicators   This trading update provides basic provisional information on the economic environment as well as OMV Petrom Group's k ...

2017 H1 financial results

        OMV Petrom Group: results for Q2 and January – June 2017 including interim condensed consolidated financial statements as of and for the period ended June 30, 2017 High ...

2017 Q1 financial results

       OMV Petrom Group: results for January – March 2017 including interim condensed consolidated financial statements as of and for the period ended March 31, 2017   Highligh ...

2016 Annual Report and Payments to Govermnents

      Communique regarding the availability of the Annual Reports and the Reports on Payments to Governments for 2016     OMV Petrom S.A. informs its shareholders that the 2016 Annual ...

Annual financial information

2016 2015 2017
Total Revenues 16,079,380,685 16,079,380,685 14,076,569,600
Deferred Income 11,778,414 11,778,414 34,545,116
Total Financial Income 1,466,344,410 1,466,344,410 666,056,320
Operating Income 14,613,036,275 14,613,036,275 13,410,513,920
Interest Income 232,620,138 232,620,138 40,574,512
Total assets 37,397,641,586 37,397,641,586 38,051,209,216
Inventories 1,625,918,706 1,625,918,706 1,606,439,040
Profit for the year 907,850,000 -630,646,624 907,853,248
Financial Results 404,701,059 404,701,059 185,060,304
Operating Result -1,101,536,758 -1,101,536,758 866,652,032
Profit before tax -696,835,699 -696,835,699 1,051,712,320
Employees 15,581 15,581 14,380
Total Capital Assets 27,100,856,550 27,100,856,550 25,997,039,616
Total Current Liabilities 3,431,500,563 3,431,500,563 3,106,216,960
Shortterm Financial Liabilities 187,593,130 187,593,130 186,423,040
Longterm Financial Liabilities 903,661,160 903,661,160 725,692,864
Trade Payables 1,738,961,375 1,738,961,375 1,623,816,960
Total Longterm Liabilities 1,148,843,027 1,148,843,027 883,966,336
Total Receivables 3,198,780,216 3,198,780,216 3,484,856,320
Sales 13,687,616,179 13,687,616,179 12,523,026,432
Total Expenses 16,776,216,384 16,776,216,384 13,024,857,088
Interest expense 47,743,940 47,743,940 38,018,016
Prepaid Expenses 232,543,200 232,543,200 196,571,552
Total Financial Expenses 1,061,643,351 1,061,643,351 480,996,000
Operating expenses 15,714,573,033 15,714,573,033 12,543,861,760
Cash and cash equivalents 666,246,739 666,246,739 1,853,803,008
Total equity 25,091,188,752 25,091,188,752 26,000,814,080
Subscribed Capital 5,664,410,834 5,664,410,834 5,664,410,624
Amortization 5,682,996,672 5,682,996,672 2,176,276,736
Total Non-current Assets 35,171,043,977 35,171,043,977 34,096,836,608
Net Current Assets / Net Current Liabilities 2,226,597,609 2,226,597,609 3,954,372,608
Total Current Assets 5,490,945,661 5,490,945,661 6,945,098,240
Minority Interest 45,239,000 45,239,000 45,239,000

Financial indicators

Year Financial statements Key financials Ministry of Finance format (excerpt)*
2016 Q3 2016 Download -
2016 Q1 2016 Download -
2016 Financial preliminary results 2016 Download -
2016 H1 2016 Download -
2015 Q1 2015 Download -
2015 Q3 2015 Download -
2015 H1 2015 Download -
2015 Financial preliminary results 2015 Download -
2014 Financial preliminary results 2014 Download -
2014 Q3 2014 Download -
2014 Q1 2014 Download -
2014 H1 2014 Download -
2013 Q3 2013 Download -
2013 Q1 2013 Download -
2013 Financial preliminary results 2013 Download -
2013 H1 2013 Download -
2012 Q3 2012 Download -
2012 Financial Preliminary Results 2012 Download -
2012 Q1 2012 Download -
2012 H1 2012 Download -
2011 Q1 2011 Download -
2011 Financial Preliminary Results 2011 Download -
2011 Q3 2011 Download -
2011 H1 2011 Download -
2010 Q1 2010 Download -
2010 Financial Preliminary Results 2010 Download -
2010 Q3 2010 Download -

Webcast and Audiocasts Presentation

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ANALYST ESTIMATES

ANALYST REPORT March 07, 2018

OMV Petrom 4Q17 Earnings Review

SNP - OMV PETROM S.A.

March 07, 2018 - As anticipated, the local oil & gas producer’s profitability skyrocketed in 4Q17 with both Upstream and Downstream showcasing improved operating performance supported by higher realized commodity prices and enhanced demand for energy products. Upstream – benefiting from higher realized commodity prices Downstream Oil – EBIT recovering in spite of flat sales figure Downstream Gas – power business propels EBIT, yet figures are still below expectations Dividend policy: DPS RON 0.02, payout 45%, DIVY 6.6% Management outlook for 2018

ANALYST REPORT May 22, 2017

Analysis report - financial reports for Q1 2017

SNP - OMV PETROM S.A.

May 22, 2017 - 2017 started well for most of the companies listed on BSE, and in some cases we've seen major profit increases.

ANALYST REPORT April 14, 2017

Romanian Oil and Gas

SNP - OMV PETROM S.A.

April 14, 2017 - In this report, we reiterate our bullish view on Romgaz and Petrom, increasing our price targets (PTs) for Petrom (to RON 0.361 from RON 0.302) and Romgaz (to RON 36.6 from RON 36.4). The natural gas price recovery since October 2016 should rescue the Romanian market and players from the asymmetric risks associated from being an import-only market, in our view. In the near team, we see a recovery in volumes, as well as prices, a renewal of the taxation and royalty system, and investments in infrastructure and new development projects from both companies as driving sentiment, production volumes and earnings. Of the two companies, we prefer Romgaz slightly, which we see as a bigger beneficiary of the recovery, and able to capitalise faster on new markets when the infrastructure is completed. On the other hand, we like Petrom’s management, its lower risk diversified business model, and its long term prospects. However, the company is not as well-positioned to take advantage of the market changes, in our view. Nonetheless, although Petrom’s share price performance since the SPO in October 2016 has reduced the level of potential upside, the company is still undervalued, in our view.

ANALYST REPORT September 20, 2016

OMV Petrom: announces minimum 30% dividend payout from 2016E earnings, cash flow permitting

SNP - OMV PETROM S.A.

September 20, 2016 - On 19 September, OMV Petrom made a disclosure concerning its dividend policy. The addition to its policy is as follows: “OMV Petrom currently targets, subject to adverse developments in the external market, a proposed dividend from the 2016 net earnings of a minimum of 30% in the case it is fully covered by the Company's free cash flows before dividends." We do not believe this is a change in policy on behalf of management, but is rather a clarification in response to an erroneous belief on the part of certain market participants. Petrom has a history of paying out 40-50% of its earnings in dividends. However, no dividend was paid out from the 2015 earnings. This led some to question whether there had been a change in policy, and whether shareholders could expect to receive dividends in the future.

ANALYST REPORT August 10, 2016

Revised oil prices assumptions.

SNP - OMV PETROM S.A.

August 10, 2016 - Valuation We update our view on OMV Petrom with a BUY recommendation and a target price of RON 0.313 per share revealing an upside potential of 18% against last close. We used a DCF model with a 5-year explicitly forecasted period after which a terminal free cash flow with a perpetual growth of -1% has been employed.

ANALYST REPORT April 15, 2016

CEE Oil & Gas. Life begins at 40

SNP - OMV PETROM S.A.

April 15, 2016 - In our view, crude oil prices appear to have bottomed out, which removes a huge amount of uncertainty for the upstream segments of these companies. Global oil stocks are still high and supply has been slow to respond to the price signals, but marginal suppliers are finally reducing their production volumes. March 2016 US total crude production was down 566,000 bpd from its peak back in June 2015, which means that there is less uncertainty.

ANALYST ESTIMATES

Investor Information

Company Presentation

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