Published April 28, 2023

OMV Group Report January–March 2023

including condensed consolidated interim financial statements as of March 31, 2023

Key Performance Indicators¹

Group

Clean CCS Operating Result decreased to EUR 2,079 mn due to a lower contribution from Chemicals & Materials and Energy, partly offset by a higher Fuels & Feedstock result
Clean CCS net income attributable to stockholders of the parent decreased slightly to EUR 1,025 mn; clean CCS Earnings Per Share were EUR 3.13
Cash flow from operating activities excluding net working capital effects decreased to EUR 2,003 mn
Organic free cash flow before dividends totaled EUR 1,839 mn
Clean CCS ROACE stood at 19%
Total Recordable Injury Rate (TRIR) was 1.30

Chemicals & Materials

Polyethylene indicator margin Europe declined to EUR 348/t, polypropylene indicator margin Europe decreased to EUR 395/t
Polyolefin sales volumes lessened to 1.41 mn t

Fuels & Feedstock

OMV refining indicator margin Europe grew sharply to USD 14.8/bbl²
Fuels and other sales volumes Europe were fairly constant at 3.71 mn t

Energy³

Production decreased by 80 kboe/d to 376 kboe/d, mainly due to the change in the consolidation method of Russian operations
Production cost increased by 25% to USD 9.3/boe

Key events

On April 14, 2023: Mark Garrett to resign as OMV Supervisory Board Chairman at 2023 Annual General Meeting
On April 3, 2023: Aker BP and OMV awarded licence for CO2 storage
On March 16, 2023: OMV recognized as CDP Supplier Engagement Leader
On March 8, 2023: Wien Energie and OMV join forces to develop deep geothermal energy in the Vienna region
On February 27, 2023: OMV decides to initiate sales process to divest its E&P assets in the Asia-Pacific region
On January 12, 2023: Borealis acquires a majority stake in Renasci signalling on-going commitment to leading the transformation to a circular economy
On January 10, 2023: OMV recognized as a leader in climate change action for seventh consecutive year and maintains Dow Jones Sustainability Index status and leadership score in CDP

Press Conference

IR Conference Call

Publications

¹Figures reflect the Q1/23 period; all comparisons described relate to the same quarter in the previous year except where otherwise mentioned.
²As of Q2/22, the refining indicator margin reflects the change in the crude oil reference price from Urals to Brent at OMV Petrom.
³As of March 1, 2022, Russian operations are no longer included in Group operational KPIs, Operating Results, or cash flows.

Key Performance Indicators1