OMV (OMV) Oil & Gas Virtual Investor Conference summary

Business overview and strategic direction

• Operates across energy, fuels, and chemicals, with a balanced, diversified portfolio generating strong cash flow through cycles.

• Energy segment includes oil and gas exploration, gas marketing, trading, storage, and low-carbon initiatives like geothermal and renewables.

• Fuels segment features three refineries and a retail network of 1,700 filling stations across eight European countries, with a shift toward sustainable fuels and EV charging.

• Chemicals segment includes integrated steam crackers and the proprietary ReOil chemical recycling plant, with a focus on circular solutions.

• Recent milestone: creation of Borouge International, a leading pure-play polyolefins company, jointly controlled with XRG.

Financial performance and shareholder returns

• Energy contributed 50% to operating cash flow over five years; organic CapEx was 45% in energy.

• Achieved a 13% clean return on capital employed and 18% annual dividend growth over five years.

• Paid out 28%-29% of operating cash flow as dividends in the past three years, with yields between 9% and 13%.

• Announced a 2025 dividend of EUR 4.4 per share, yielding 9.3%.

Transformation and sustainability strategy

• Strategic focus on growing gas, advancing renewables, strengthening sustainable fuels, and accelerating chemicals growth via Borouge International.

• Fully diversified gas supply, no Russian gas since December 2024, leveraging Norwegian and LNG sources.

• Progress in renewables, including geothermal energy and a gas discovery in Norway.

• Co-processing plant operational; SAF HVO plant under construction, set for 2028.