OMV Investor Presentation Homepage Final

OMV
Investor Presentation
November 2015
OMV Aktiengesellschaft
Disclaimer
This document does not constitute a recommendation, an offer or invitation, or solicitation of an offer, to subscribe for or purchase any securities and neither this
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financial analysis or financial research and may not be construed to be a or form part of a prospectus. It is being furnished to you solely for your information. This
document and its contents are proprietary to OMV Aktiengesellschaft (the Company) and neither this document nor any part of it may be reproduced or redistributed to
any other person. It may be amended and supplemented.
No reliance may be placed for any purpose whatsoever on the information contained in this document, or any other material discussed verbally, or on its completeness,
accuracy or fairness. None of the Company, connected persons, their respective affiliates, or any other person accepts any liability whatsoever for any loss or damage
howsoever arising, directly or indirectly, from any use of this document or its contents. The information and opinions contained herein are provided as at the date of this
document.
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This document includes forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and section 21E of the U.S. Securities
Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this document, including, without limitation, those regarding the
Companys financial position, business strategy, plans, and objectives of management for future operations (including development plans and objectives relating to the
Companys products), are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Companys present and
future business strategies and the environment in which the Company will operate in the future and speak only as of the date of this document. None of the future
projections, expectations, estimates or prospects in this document should in particular be taken as forecasts or promises nor should they be taken as implying any
indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared or the information
and statements contained herein are accurate or complete. As a result of these risks, uncertainties and assumptions, you should in particular not place reliance on these
forward-looking statements as a prediction of actual results or otherwise.
This document does not purport to contain all information that may be necessary in respect of the Company or its shares and in any event each person receiving this
document needs to make an independent assessment. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any
statements including any forward-looking statements contained herein to reflect any change in the Companys expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based.
2 | OMV Group, Investor Presentation
HSSE: Safety is our priority

Strong safety improvement record
LTIR 1 OMV Group
0.7
0.7
0.5
0.4
0.3
2011
1 Lost-Time
2012
Injury Rate: Number of lost time injuries per 1 mn hours worked
2013
2014
9m/15
Integrated business and diversified portfolio

provide natural hedge in current environment
120
Oil price
100
Dated Brent,
USD/bbl
80
60
40
20
0
30
Gas price
CEGH,
EUR/MWh
25
20
15
10
5
0
Refining margin
OMV indicator refining

margin,
USD/bbl
10
8
6
4
2
0
Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15
Note: All values are monthly averages.
Financial performance
Clean CCS EBIT
Clean CCS Earnings Per Share
Free cash flow before dividends
in EUR mn
in EUR
in EUR mn
656
1.11
495
455
52
375
1.13
0.86
116
402
220
269
(19)
(10)
Q3/14
Q2/15
Upstream
Q3/14
Q3/15
Downstream
Brent price
USD/bbl
EUR/bbl
41
Corporate &
Others, Consolidation
Q3/14
Q2/15
Q3/15
102
77
62
56
50
45
Q2/15
Q3/15
600
500
400
300
200
100
0
-100
-200
-300
-400
-500
-600
600
524
400
200
97
0
-200
(417)
-400
-600
Q3/14
Q2/15
Q3/15
Strong cash generation despite difficult oil

price environment
Sources of funds 1
in EUR mn
2,633
2,579
Integrated business model

Very strong cash generation in
Downstream
Resilience of Upstream cash flow
Cost reduction measures
9m/14
9m/15
Brent price in USD/bbl

107
55
OMV indicator refining margin in USD/bbl

2.7
1
7.7
Operating cash flow before working capital movements
Recent highlights
Long-term cooperation with Borealis strengthened
Schwechat and Burghausen refinery each prolonged an offtake
agreement for ethylene and propylene with Borealis until 2028
Optimized contract structure ensures increasing utilization of refineries
Progress achieved regarding partnership with Gazprom

Term sheet signed by OMV and Gazprom for OMVs participation in
the project Achimov IV/V based on asset swaps
Shareholder agreement for the Nord Stream 2 pipeline project signed
Important steps taken towards Downstream Gas portfolio optimization

Gas Connect Austria: Decision taken to sell up to 49% transaction
expected for 2016
EconGas: Provisional agreement reached on full takeover binding
agreement expected by end of 2015
Framework for strategic review

Improve cash flow & profitability
Continue integrated business model
Upstream growth will remain focus
OMV an integrated, international oil and gas

company
Upstream
Worldwide activities,
mature core countries:
Romania and Austria
Approximately 85% of
production in EU and
OECD countries
Production: 309 kboe/d
Reserves:
1.09 bn boe 1P
1.81 bn boe 2P
Downstream
Downstream Oil
3 refineries with capacity

of 17.8 mn t 1
~4,100 filling stations in 11

countries
36% share in Borealis
Downstream Gas
Gas sales business in

CEE, SEE and Turkey
Gas logistics in Austria

and Germany
Gas-fired power plants in

Romania and Turkey
Figures from 2014; except refining capacity

1 After
the finalization of the Petrobrazi refinery modernization, the opportunity was taken to demonstrate the maximum throughput of the refineries based on a timeframe of the best 30 consecutive days. As a
result, OMVs total annual refining capacity has been updated from 17.4 mn t to 17.8 mn t as of Q1/15
Our strategy is simple and clear

Grow Upstream
Optimize Downstream
Focused Integrated Profitable
OMV is resilient in difficult times

Portfolio less sensitive to
oil price drop
Natural hedge through

integration
North Sea region: Increasing share

of Upstream cash generation
OMV production share, 9m/15
Share Clean CCS EBIT, 9m/15
Cash generation, 2014 1
Oil
Gas
Upstream
Co&O, Consolidation
Downstream
Rest of
Upstream
North Sea region
77%
50%
50%
17%
Current production portfolio resilient at long-term oil price of USD 50/bbl
Substantially all of current production operating cash flow positive

>80% of current production EBIT positive
Looking forward, substantially all projects under execution are also value creating
Pre-FID projects would require considerable re-engineering to create value
Long-term price of USD 50/bbl would lead to impairments in Upstream
1 Equivalent
to sources of funds before financing costs
CAPEX and cost reduction progressing well

Group CAPEX reduced
in EUR bn
Group CAPEX reduced by EUR ~1.1 bn 1

~3.8
E&A 2 expenditure cut by up to

~2.7
EUR 200 mn targeted

Reduction of annual operating cost and
~3.0
~2.0
overhead cost by EUR ~150 mn 3

Headcount reduction program
~0.9
2014
Upstream
~0.6
2015 guidance
Downstream
2015 vs. 2014

Exploration and Appraisal
3 2016 vs. 2014; Upstream OPEX reduction based on 2014 production volumes
2
Review of non-core assets
Production update
in kboe/d
Production in the first nine months of 2015:

309
15
303
7
307
1
292
~300 1
Romania and Austria: 202 kboe/d

Libya shut-ins
Yemen: Production stopped beginning of April
New Zealand: Maari Growth ramped-up in Q2/15
294
296
306
due to the drilling campaign, last well started-up

in July
292
Production expectation for Q4/15:

Romania: key wells are back on stream after
completion of planned works at key facilities

2014
Q1/15
Q2/15
Libya and Yemen

OMV excluding Libya and Yemen
1 Excluding
production from Libya and Yemen
Q3/15
Guidance
2015
Norway: production increase expected due to the
finalized planned turnarounds and higher gas

production at the Gullfaks field
Key projects in execution will be delivered

Adding up to ~80 kboe/d in the mid-term
Schiehallion
Aasta Hansteen
80
60
40
On stream 2017
On stream 2018
Peak ~12 kboe/d
Peak ~18 kboe/d
20
0
Edvard Grieg
2016
2017
2018
2019
Nawara
Aasta Hansteen
Schiehallion
Edvard Grieg
2020
2021
FRDs Romania
Nawara
On stream 2016
Resilient value creation
Looking forward, substantially all projects in

execution are value creating at USD 50/bbl in
the long term
Ramp-up will continue at slower pace
Note: Start-up dates reflect OMV expectations; production profile is illustrative
Peak ~19 kboe/d
On stream 2017
Peak ~10 kboe/d
Integrated Downstream business

Focus on cash generation
Operating cash flow 1
Maximize integrated margin through strong
integration:
Upstream
Retail
Petrochemicals
2011
2012
2013
2014
Strengthen refineries competitiveness by
increasing cross-site integration

Enhance position in core markets
Optimize asset base

Net assets
Strict cost and CAPEX management

Improve core business of Downstream Gas
Restructure non-core gas and power assets
2011
2012
2013
2014
1 without
financing costs
Note: Historic Downstream figures are R&M and G&P figures
Financial priorities
Cash
Mid-term goal: broadly neutral free cash flow after dividends
2014 dividend EUR 1.25 per share
Dividend
Maintain dividend policy of long-term payout
ratio of 30% of net income
Maintain strong investment grade credit rating
Rating
Strong balance sheet (long-term gearing ratio of 30%)

Comfortable liquidity position
Upstream
Exploration only
Exploration and production
North
Sea
region
Production in kboe/d
Region
9m/15
2014
202
204
Core countries
9
9
Black Sea and Caspian
44
37
North Sea region
9
18
North Africa
16
22
Middle East
20
19
New Zealand and Australia
Total
300
309
1 As of Dec. 31, 2014
Black
Sea
Core
countries
Clean EBIT in EUR mn

2,086
1,669
Sub-Saharan
Africa
New Zealand
and Australia
201
2013
2014
9m/15
Proved
Reserves 1
mn boe
763
19
141
111
26
30
1,090
ExxonMobil
BP
Shell
Chevron
Petrobras
Total
Statoil
ConocoPhillips
Eni
Novatek
Anadarko
Chesapeake
BHP Billiton
Devon Energy
Apache
BG Group
EOG
Occidental
EnCana
Marathon
Suncor
Wintershall
Repsol
Hess
OMV
Husky Energy
Noble Energy
Talisman
Cenovus Energy
Imperial Oil
Woodside
Mitsui 1
Cabot
Maersk 1
Murphy Oil
EQT
Pioneer
Range Resources
Pacific Rubiales
SM Energy
Santos
QEP
Cimarex
Newfield
Cairn India
Ultra Petroleum
Penn
Upstream
OMV a top 30 IOC
Entitlement production, 2014, kboe/d
Supermajors
Majors
Midsize companies
400
Top 30
1 2013 data
Source: Herold Financial Database, Company data, without National Oil Companies
EUR mn
in kboe/d
Production
1P reserves
Key figures 2014
2,824
in mn boe
Clean EBIT
OMV Upstream asset base

2,099
2,154
2,086
1,516
1,669
OMV produced an average of 309 kboe/d and its
proven reserves amounted to 1,090 mn boe

2009
2010
2011
2012
2013
2014
317
318
288
303
288
309
102
76
95
82
105
contribution from Norway (included since

November 2013)
95
221
216
212
208
206
204
~66% of total production from Romania and
2009
2010
2011
2012
2013
2014
1,188
240
1,153
231
1,133
237
1,118
1,131
1,090
262
326
327
948
922
897
855
805
Production increased mainly due to the
Austria (stabilized production at 200-210 kboe/d)

Three-years average RRR
of OMV Group: 87%
(single year 2014: 64%)

in Romania and Austria: 41%
in the international portfolio: 188%
763
~43% average commercial exploration success

2009
2010
2011
2012
2013
2014
International portfolio (all excl. Romania, Austria)

Core (Romania and Austria)
rate in last 3 years (single year 2014: 21%)

1 Reserve
Replacement Rate
Safety first
Lost-Time Injury Rate 1
Upstream group-wide
-59%
1.29
Shared safety standards for OMV and

contractors
Four key focus areas for continuous

improvement:
0.53
Visibility and Leadership
Process Safety
Contractor Management
Incident reporting and follow-up
Not compromised by cost reduction

programs
2008
1 OMV
2014
employees and contractors

Lost-Time Injury Rate: Number of lost-time injuries (fatalities + lost work day injuries) per 1,000,000 hours worked
Projects update
Gudrun (Norway): drilling program finished with 7 wells on
stream
Gullfaks further development (Norway):
Aasta Hansteen Spar
Norway
South redevelopment on stream since end of July

Gullfaks subsea compression on stream since October
Edvard Grieg (Norway): Topside modules completed and
installed. On stream early 2016
Gudrun, Norway
Aasta Hansteen (Norway): Three subsea well templates

Edvard Grieg, module
installation
successfully installed in 1,300 meters water depth.

On stream in 2018
Gullfaks, Norway
Schiehallion (UK): FPSO almost complete, offshore
installations prepared to connect to FPSO. On stream in

2017
Nawara (Tunisia): Purchase orders for major long lead items
Glen Lyon FPSO, HHI yard
in Ulsan, South Korea
placed. Construction activities commenced. On stream in

2017
Note: Start up dates reflect OMV expectation
Nawara, Tunisia
Upstream priorities
Gudrun, Norway
Safety and
performance
Manage
cash
Safe operations
Increase operational efficiency
Managing expenditures and
investment level
Renegotiate key cost elements
Flexibility and
optionality
Adjust further if
needed
Minimize impact on underlying core
Production
production
Deliver post-FID 1 projects
22
1 Final
Ocean Endeavour, Romania

Ocean Endeavor, Romania
Investment Decision
High focus on reducing operating cost base

OPEX
2015 OPEX reduction up to USD 3/boe:

driven by favorable FX-rate and USD ~1/boe
attributable to intrinsic business effort
in USD/boe
16.6
Unit production costs estimated to remain broadly
at the 9m/15 level throughout 2015
13.6
Continued strict cost management measures

Aggressive cut of external costs (leased
personnel, day raters and consultancy)

Streamline overhead costs to reflect slower
pace in activity levels

Ongoing renegotiations with suppliers
2014
9m/15
2015
estimate
Optimize operations in mature core countries
Mature core: minimizing the decline

Beating the decline
Production in Romania and Austria, in kboe/d

CAGR
-3%
-1-2%
stable
251
216
212
208
206
up to -4%1
2010
2011
2012
2013
2014
Midterm
~10% production decline p.a.

without investments
1 Up
to -4% per annum 2 Field Redevelopment 3 Multidisciplinary Asset Review
Prioritized drilling and workover activities
Onshore rig count dropping by ~50%
FRDs 2 in execution continue at lower speed
Romania 2015-17 Upstream CAPEX p.a.

reduced by ~25-35% vs. 2014
204
2005
Cost / CAPEX reductions have production

impact, no compromise on HSSE top priority
Key priority: minimize decline
Up to 4% p.a. decline over mid-term
Mid-term production level dependent on

crude price recovery
Future potential of 200-300 mn boe
Additional potential based on redevelopment

opportunities, MARs 3, cost improvement and
new technology
Upstream committed to CAPEX reduction

plan by leveraging our portfolio mix
CAPEX 1 adjustments
in EUR bn
2015 CAPEX expected at EUR ~2 bn
Project prioritization; manage growth pace in

portfolio
Previous guidance:
~3.1
Exploration
Other projects
pre-FID
Re-phased and rescaled projects (e.g.

Rosebank, Nawara, facilities shift and drilling
prioritization in FRDs Romania)
Put on hold projects and activities that are

uneconomical in the current price environment
(e.g. tail-end drilling, work-overs, FRDs preFID)
~2.0 - 2.4
Workover,
drilling,
FRDs pre-FID
Projects
post-FID
Base
Focus on near field opportunities, Black Sea

and North Sea region (high impact activities)
Average
2014-16 p.a.
Other
international
Average
2015-17 p.a.
Retaining options for the medium term

30-35%
25-30%
35-40%
25-30%
North Sea
region
Mature core
1 CAPEX
2015 E&A 2 budget reduced to EUR ~0.6 bn
35-40%
including capitalized Exploration & Appraisal

and Appraisal
2 Exploration
30-35%
Flexibility to reduce further
Optionality to ramp up activities
Self funded, profitable growth

Upstream free cash flow neutral
in the mid-term
Cash
generation 1
Uses
(CAPEX and E&A 2)
15-25%
30-40%
45-65%
25-35%
Global E&A
1 Equivalent
Other
Other international
North Sea region
North Sea region
Mature core
Mature core
to sources of funds before financing costs

and Appraisal
2 Exploration
Self funded expenditure profile
Providing flexibility and optionality
Resilient even in a prevailing low price

environment
Strong operating cash flow at USD 50/bbl
Looking forward, substantially all projects in

execution are value creating at USD 50/bbl
in the long term
20-30%
10-20%
25-35%
Flexible and financially robust portfolio
North Sea region is meaningful contributor
Norway production 9m/15: 42 kboe/d
Norway cash generation: EUR ~500 mn

(~20% of Upstream) in 2014 1
Further strong cash generation expected in

the mid-term
Solid portfolio to reach sustainable

Reserve Replacement Rate
Proved (1P) RRR

3 year average, %
87
55
2008
2014
Discovered technical resources 2

mn boe, 3 year average
Projects in execution
Edvard Grieg
Schiehallion
Aasta Hansteen
Projects under appraisal for next wave of

reserves addition 1
West of Shetland (Rosebank; Cambo Hub)
Domino
Wisting
240
108
2009
2014
Steady exploration progress feeding into long

term sustainable RRR
Depending on business case (price, cost, timing) 2 Technical resources without consideration of contract type (pre government take / EPSA)
Exploration update and high impact wells 1

New ventures
Croatia and Montenegro: decision taken to withdraw from license applications
New Zealand: application submitted for four licenses in the Taranaki Basin
Tunisia: Kairouan open block application negotiations with regulator
Seismic
2
Madagascar offshore Grand Prix 3D seismic survey (3,000 km ) finalized
Mitto 2D survey (147 km) in Pakistan and Targu Jiu 2D survey (270 km) in
Romania completed
Drilling
Romania: drilling operations of the Domino-4 well are ongoing in the Neptun
Deep block; further exploration activities planned for 2015
Pakistan: new gas reserves discovered through Latif South-1 exploration well
Exploration only
Exploration and production
North Sea
Region
Bjaaland
Hagar
Stripfing T1
Black
Sea
Black Sea wells
Wells 1
Sub-Saharan
Africa
Pelican South-1
Stripfing T1
Dolphin-1
Country
Basin/Block
Type 2
RO
Black Sea
AT
RO
RO
Black Sea
Bjaaland (Wisting)
NO
Barents Sea
Black Sea
Norwegian Sea
Hagar
1 High
Black Sea
Flamingo-1
Califar-1
High impact well
Vienna Basin
Domino-4
NO
Black Sea
Working
Operated
interest
Status 3
Completed
50%
NO
Completed
100%
OP
Completed
50%
NO
Completed
50%
NO
Dry
Completed
Dry
Ongoing
25%
4
50%
10%
50%
impact well >25 mn boe net to OMV 2 Exploration/Appraisal 3 Timings are subject to change based on operational requirements 4 Results of drilling so far, together
with data from the forthcoming exploration activities, will be used for the evaluation of the total block potential 5 Via OMV Petrom 6 Stripfing T1 data evaluation ongoing,
shallower horizon expected to be tested next year
OP
NO
NO
NO
Exploration North Sea region

(Norway, United Kingdom)
Norway
Luno II North oil discovery (near Edvard Grieg)
APA 1 2015 applications submitted to authority; 23rd license round

(2015/16) in preparation
Hagar (PL 642), first exploration well in the license came in dry;
OMV farmed down pre-drill to 10%
Follow-up on Wisting discovery: appraisal well Central-2 foreseen

in 2016 to confirm volumes and assess field development options
United Kingdom, West of Shetland
Blackrock high-impact well planned for 2016; farm-down process

continuing
Maturing further drilling opportunities in West of Shetland area
1 Awards
in predefined areas
Exploration Black Sea

Neptun Deep (Romania)
OMV Petrom (50%), ExxonMobil (Operator, 50%)
Domino-1 gas discovery in 2012: a play opener
Drilling campaign 2014/15:
Domino-2, Pelican South-1, Dolphin-1, Flamingo-1 and Califar-1
wells were finalized; data under evaluation; Domino-4 in progress

Further exploration activities planned for 2015
Midia Deep (Romania)
OMV Petrom (42.5%), ExxonMobil (Operator, 42.5%), Gas Plus (15%)
3D seismic processing continuing and G&G studies ongoing
Han Asparuh (Bulgaria)
Total (Operator, 40%), OMV (30%), Repsol (30%)
Seismic acquisition and seabed surveys finalized; processing and
interpretation close to finalization
Drilling contract signed, well services being tendered
Spudding of first exploration well in 2016
Upstream pipeline
Exploration
Appraisal
Development
Execution
Production
Middle East
Black Sea
Domino (Black Sea)
Rosebank (UK)
Totea Deep (RO)
Mehar (Pakistan), 2013 1
Africa
Norway
Cambo Hub (UK)
Zidane (Norway)
FRD Lebada East (RO)
Latif (Pakistan), 2013 1
UK
Shuwaihat (UAE)
Schiehallion (UK)
New Zealand
Wisting (Norway)
Edvard Grieg (Norway)
Maari Growth (New

Zealand), 2014 1
New ventures
United Arab Emirates
Aasta Hansteen (Norway)
Gabon
Nawara (Tunisia)
Namibia
4 to 12 years lead time
year
Gudrun (Norway), 2014 1

FRDs (Austria, Romania)
Madagascar
1 Start-up
Habban Phase II
(Yemen), 2014 1
Production
Major projects under execution (post-FID)

New ventures
Project
Country
Type
Appraisal
Peak
Production Cumulative
start
production 1 production
Development
Execution
Project
investments
Working
interest
Operated
FID
primary
year
mn boe
kboe/d
EUR mn
Romania
Gas
2011
~25
~11
~200
100.0 2
OP
2014
FRD Lebada East Romania
Gas
2016
~40
~11
~60
100.0 2
OP
2014
Nawara
Tunisia
Gas
2017
40-50
~10
~550
50.0
OP
2014
Schiehallion
UK
Oil
2017
~42
~12
~740
~11.8
NO
2011
Edvard Grieg
Norway
Oil
2016
~38
~19
~640
20.0
NO
2012
Aasta Hansteen 3
Norway
Gas
2018
~43
~18
~810
15.0
NO
2012
Totea Deep
Exploration
Expected cumulated field life production

All figures net to OMV
Via OMV Petrom
incl. Polarled
year
Major projects under appraisal and

development
New ventures
Exploration
Appraisal
Development
Execution
Type
Production
start
Cumulative
production 1
Working
interest
primary
year
mn boe
Norway
Gas
t.b.d.
~20
20.0
NO
Rosebank 2
UK
Oil
post 2020
~125-150
50.0
NO
Cambo Hub 3
UK
Oil/Gas
post 2020
~120-150
47.5-65.0
OP
UAE
Gas/NGL
post 2020
t.b.d.
50.0 5
NO
Domino
Romania
Gas
end of decade
50.0 7
NO
Wisting
Norway
Oil
post 2020
25.0
OP
Project
Zidane
Shuwaihat 4
Country
0.75-1.5 tcf
t.b.d.
Expected cumulated field life production 2 Intention to divest ~10-20% stake 3 Cambo, Tornado, Suilven 4 Technical Evaluation Agreement
appraisal phase to OMV 6 As communicated in February 2012; Data collected is being evaluated 7 Via OMV Petrom
All figures net to OMV
Operated
5 50%
of expected gross volumes in
This page is left blank intentionally.
Downstream Oil
Figures from 2014; except refining
capacity or otherwise stated
Capacity 17.8 mn t/year 1

89% utilization (9m/15: 92%)
Refined product sales: 31.1 mn t (9m/15:
22.3 mn t)
thereof petrochemicals volumes:
2.0 mn t (9m/15: 1.7 mn t)

thereof retail sales volumes: 9.7
mn t (9m/15: 7.7 mn t)
Refineries
Fuels storage capacity: 4.26 mn m
Storages
thereof seaside: 1.3 mn m
Clean CCS EBIT in EUR mn
Filling stations: 4,135 (9m/15: 3,881)
921
thereof petrochemicals
461
503
Borealis
36% stake; at-equity result EUR 205 mn
(9m/15: EUR 269 mn)

Borouge joint venture
2013
2014
1 After
9m/15
result, OMVs total annual refining capacity has been updated from 17.4 mn t to 17.8 mn t as of Q1/15
Downstream Gas
Gas logistics
Figures from 2014;

unless otherwise stated
Stable result contribution form regulated gas
transportation business in Austria (Gas

Connect Austria)
Gas transportation volume sold: 1,478 TWh
(9m/15: 1,229 TWh)

Average gas storage volume sold: 18 TWh
(1.6 bcm) 1 (9m/15: 21 TWh)

Supply, marketing and trading
Equity
gas
Gas
storage
Gas
pipelines
Gate LNG
terminal
Gas-fired
power plant
Equity gas supply: 67 TWh (6 bcm)

Natural gas sales: 114 TWh (10 bcm) 1
Clean EBIT in EUR mn
(9m/15: 81 TWh)
1.7 GW gas-fired power generation
137
(Brazi, Samsun)
101
10
Gas transportation Austria

Others (supply, marketing and trading, storage)
2013
1
2014
9m/15
As of Q1/15, this KPI reflects only third-party volumes. Historical figures were adjusted accordingly
Downstream priorities
Safety and
cash
Strong free cash flow from safe operations
Integration
One downstream organization

Strong value chain integration
Restructure non-core gas and power assets
Performance
Strong focus on efficiency and operational
performance
Key achievements
Downstream Gas:
First steps towards
restructuring
Downstream Oil:
Strategic milestones
completed
Divestments completed
Refining capacity reduced by 1/3
Marketing assets reduced
Gazprom renegotiation finalized

successfully
Supply position improved significantly
Important step to adjust to changed
market dynamics
Performance improved
Petrobrazi margin increased by USD 5/bbl
Working capital reduced by EUR 1.8 bn

energize OMV successfully delivered
Gas transportation business

restructured
Synergies through merger of Gas Connect
Austria & Baumgarten Oberkappel GmbH
(WAG pipeline)
Operation of TAG pipeline transferred into
Trans Austria Gasleitung GmbH
Petrochemicals integration strengthened

Schwechat butadiene plant completed
Borouge 3 of Borealis ramping up
Important steps taken towards

Downstream Gas portfolio optimization
Gas Connect Austria: Decision taken to
sell up to 49% transaction expected for

2016
EconGas: Provisional agreement
reached on full takeover binding

agreement expected by end of 2015
Downstream delivers reliable results and

substantial free cash flow
Downstream
Upstream & Other
Downstream with reliable results in

volatile oil price environment
and a strong contribution to OMVs

investment capabilities
Clean CCS EBIT, in EUR mn
1.000
900
800
Share of Groups
operating cash flow
Share of
Groups CAPEX
2012-9m/15
2012-9m/15
700
600
~20%
500
~40%
400
300
~60%
200
~80%
100
0
Brent
price,
2012
2013
2014
9m/15
112
109
99
55
USD/bbl
EUR ~4.4 bn free cash flow released

between 2012-9m15
1 Operating
cash flow without financing costs
Restructuring of Downstream Oil business

successfully implemented
Assets portfolio
restructured
Net assets, EUR
Operating costs
reduced
Clean cash costs / refined
product sales, EUR/t
Organization adjusted
to restructured assets
Significantly improved
competitiveness
New organization and

steering since July 2015
Downstream Oil ROACE 1
Improved steering of
assets, ensuring high

utilization
Reinforced market
focus and business

processes
Strengthen focus on
integrated margin
and product value
2011
2014
2011
Source: Barclays Quarterly Benchmarks Q1 2015
2011
2012
2013
2014
2014
OMV Downstream Oil ROACE (Capital employed estimate does not include Borealis)
Majors average Downstream ROACE (BP, Chevron, Exxon, Shell, Total)
Q1/15
Euros average Downstream ROACE (ENI, Galp, Repsol)
European refineries face competitive pressure

from other regions; more closures to follow
Pressure on Europes oil product market,
impacting especially coastal refineries
Further 10% closures in mid-term

required for healthy utilization rates 1
Europe, in mn t
Refinery closures 2011-2014

Refinery capacity
Reduced demand 2011-2014
Russia
Demand
881
~70
665
~55
~810
~730
~580
India & NE
Asia
Running coastal refineries

Closed refineries since 2011
582
~610
Middle East
Sources: WoodMackenzie, JBC
-10%
730
US
2014
Scenario with refinery utilization rate of 80%. Demand based on crude runs
Mid-term
OMV with strong operational performance

compared to peers
Competitors
Clean CCS EBITD / refinery

throughput 1
OMV
Refinery utilization rates 2
Throughput per station 3
in %
in mn liters, 2014
EU-16
in USD/bbl, Downstream Oil

6
100
11
10
9
95
90
85
80
75
70
8
7
6
5
4
3
2
1
0
(1)
(2)
2010
2011
2012 2013
2014 Q1/15
Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15
1 Peer
AT BG CZ DE HU MD RO RS SI SK TR
group incl. MOL, PKN, Lotos, Neste, ENI, Tupras, Galp, Hellenic Petroleum
Data until April 2015; Source: OPEC Monthly Oil Market Report
3 Average throughput per country based on Wood/Mackenzie
2
OMV refineries show strong competitiveness in

comparison with regional peers
Competitiveness map of 19 refineries in OMV region 1
Net Cash Margin (USD/bbl)
Burghausen
Competitive refineries
Most of the successful refineries are
Schwechat
Petrobrazi 2
land-locked, have a high conversion

capacity and are petrochemical
integrated
Petrochemical integration has a
significant positive effect on the

profitability of refineries
0
High value products yield (weight%) 90
60
Refineries at risk of closure
1
2
Based on 2013 data; refineries within 600 km from OMV refineries and CDU capacity>2.5 mn t/a
Based on the yield structure after the modernization program which was finalized in 2014
Legend: Bubble size = Refinery Crude Distillation Capacity; Green bubble = refinery with petrochemical integration
Net Cash Margin Calculation = Sales Revenues - Crude Cost - OPEX; Based on Woodmac Fuel Net Cash Margin and OMV analysis of petrochemical integration
High value products yield include LPG, Naphta, Gasoline, Middle Distillates. Source: Woodmac
OMV Downstream Oil market grows despite

European trend
EU-28 market 1
OMV market 1, 2
in mn t
in mn t
595
109
542
112
+3%
-9%
2014
2023
Turkey
Turkey
2014
2023
Oil market products: LPG, naphtha, gasoline, jet/kero, gasoil, fuel oil, other products
Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Slovenia, Moldova, Bulgaria, Serbia, Turkey
Source: JBC Energy (April 2015), OMV analysis.
1
2
Petrochemicals integration adds significant

value to Downstream Oil business
Petrochemicals business contributes strongly
to Downstream Oil results
OMV increases the petrochemical capacity
OMV Downstream Oil Clean CCS EBIT in EUR mn
in kt/a
550
450
2,050
21%
2,190
2,110
350
250
270
900
940
940
900
900
900
2012
2014
2016
350
29%
30%
350
250
150
50
0
2011
2012
Petrochemicals business
2013
2014
Benzene and Butadiene
Propylene
Ethylene
Borealis contributes strongly to net income

Strong contribution to OMVs bottom
line from Borealis (OMV share 36%)
Borouge 3 in ramp-up phase 1

in kt p.a.
in EUR mn
~2,470
~4,470
960
269
1,510
186
~2,000
205
172
152
109
1,400
600
Borouge 1-2
Polypropylene
Borouge 3
Total
2010
2011
2012
2013
2014
9m/15
Polyethylene
1 Borouge, a joint venture between Abu Dhabi National Oil Company (ADNOC, 60%) and Borealis (40%), is a leading provider of chemicals and innovative plastics solutions for the
infrastructure, automotive and advanced packaging markets
Retail focus of OMV is on operational

excellence
Retail strategy
Brand portfolio
Value generation in OMV retail 1

in EUR mn
150
100
50
0
-50
Number of filling
stations
1
Q4/12
Q4/13
Q4/14
Q3/15
4,432
4,192
4,135
3,881
Difference between Clean CCS EBIT in 2011 and Clean CCS EBIT last 4Q rolling
Market leader in core markets
Brand portfolio designed to maximize value

of different customer groups
Retail business performance turnaround

following new strategy in 2012-2013
Strong focus on costs
Selective investments only
Strong business integration and further

increased asset utilization
Domestic equity crude
% of refining capacity
Competition 2014 1
Upstream
7%
OMV 2014
24%
OMV 2015
>25%
Retail sales vol. % of

refining capacity
Competition 2014 1
Refining
Refinery
utilization rate 2
Refining
Competition 2014 1
23%
OMV 2014
49%
OMV 2015
>50%
78%
OMV 2014
89%
OMV 2015
~90%
Retail
Petrochemicals sales vol.
% of refining capacity
Competition 2014 1
OMV 2014
OMV 2015
Refining
6%
10%
>13%
Petrochemical
OMVs European competitors: BP Europe, ENI Europe, Exxon Europe, Lotos, MOL, NIS, Phillips 66 Europe, PKN Orlen, Repsol Europe,
Rompetrol, Shell Europe, Total Europe, Tupras
Based on crude throughput
Source: Annual reports, OMV analysis.
Downstream Gas: European gas markets remain

oversupplied
EU 28 and Turkey: Contracted gas supply
exceeds demand, in bcm
Market environment remains challenging

Continuously falling gas demand across
Europe, mainly due to low gas-to-power

demand
Oversupplied markets and strong
competition
565
Margins settled at significantly lower

514
505
457
levels
Lower value of flexibility
Regulated transportation business with
stable contribution
2010
2012
2013
2014E
Gas demand
Contractual oversupply (based on indigenous
production and long-term contracted supply)
Source: Eurogas, CERA, OMV. 2014 demand figures are based on preliminary data.
Strong gas supply position essential in

competitive market
Improved competitiveness of
long-term supply contracts
Marketing activities focusing on OMVs core

equity gas regions
Renegotiated long-term gas supply
North Sea
contract with Gazprom

Contract reflects changing market
conditions improves supply position

Austria
Focus on increasing share of

equity gas in portfolio
55%
45%
2012
Equity gas
1 based
50%
50%
2014
Long-term contracts 1
on Annual Contracted Quantity
Romania &
Black Sea
~45% ~55%
2016E
Equity
gas
Gas
storage
Gas
pipelines
Gate LNG
terminal
Gas-fired
power plant
Gas to Power: Spark spreads affected by weak

market conditions
in EUR/MWh
Spark spreads, Turkey

18
16
CCPP Samsun (870 MW) on stream since June 2013
15
Spark spreads 2015 burdened by relatively warm
10
weather and strong hydro generation
Short-term outlook expected to remain challenging

(3)
2010
2011
2012
2013
2014
9m/15
due to substantial capacity additions
Mid-term upside in growing Turkish power market
Note: Spark spreads in Turkey are dark spark spreads.
Clean spark spreads, Romania

26
CCPP Brazi (860 MW) on stream since August 2012
17
Increase of domestic gas price puts pressure on

8
Strongly integrated position in Romania
(1)
2010
2011
2012
2013
2014
clean spark spread and negatively affects operating

hours
9m/15
Note: For Romania, the domestic gas was used for calculation from September 2012 onwards.
Gas market in Romania

Gas prices in Romania
Liberalized prices for non-households
in EUR/MWh 1
starting January 2015

Price liberalization for households
40
29
28
28
20
11
10
12
10
14
28
15
27
16
29
24
33
31
26
25
20
20
20
12
12
12
progresses according to roadmap; final

deadline: June 2021
Gas producers and suppliers must trade
14
approx. 1/3 of total quantities via centralized

platforms
On the Romanian Commodities Exchange,
11
11
11
12
12
Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15
Domestic gas price for regulated non-households
Domestic gas price for regulated households
Import gas price 2
the price of natural gas from domestic

production varied between RON 79.5/MWh
(EUR 17.9/MWh) and RON 89.9/MWh
(EUR 20.3/MWh) 1,3 for gas delivered in
Q3/15
60% tax on net
additional revenues
resulting from domestic gas price
liberalization until end-2015
Converted from RON into EUR, FX rate: 4.429

Q1/13 Q2/15 final prices published by ANRE; Q3/15 price is estimated
3 Prices could include storage related tariffs in connection with the gas volumes sold/extracted from storage
4 Net of incremental royalties and upstream investments (the latter capped at 30% of the additional revenues) and considering realized gas
price (with a floor of RON 72/MWh for gas volumes sold to the free sector of the market other than via centralized trading platforms)
1
2
Q3/15 Highlights
Q3/15 vs. Q3/14
Clean CCS EBIT

in EUR mn
Average Brent price down by 50% to
USD 50/bbl
656
Production at 292 kboe/d, down by 6%

495
60
(403)
Lower oil sales volumes in Upstream, mainly
due to Libya
182
Higher Downstream result due to strong
refining performance
Gearing ratio at 38%; down vs. Q2/15
Impairments of EUR ~1 bn recorded
Q3/14
Upstream
Downstream
Corporate
and Other,
Consolidation
Q3/15
From January 1, 2015, a combined Business Segment Downstream was created, merging Gas and Power with Refining and Marketing. Additionally, the Business Segment
Exploration and Production was renamed Upstream.
Economic environment
Oil price and EUR/USD
140
120
Gas prices in EUR/MWh
1.33
102
1.4
1.11
100
1.2
20
0.8
60
50
40
0.6
20
17
21
16
6
5
15
10
3
2
0.2
0.0
Q3/14 Q4/14 Q1/15 Q2/15 Q3/15
Q3/14
Q4/14
Q1/15
Q2/15
Q3/15
Brent price in USD/bbl (left scale)
Realized gas price (Upstream) 1
EUR/USD (right scale)
Central European Gas Hub
1 Converted
to MWh using a standardized calorific value across the portfolio

Note: All figures are quarterly averages.
4.9
0.4
20
7.8
25
1.0
80
OMV indicator refining margin

in USD/bbl
Q3/14
Q4/14
Q1/15
Q2/15
Q3/15
OMV indicator refining margin
Results in Q3/15
Clean CCS net income attributable
to stockholders 1
in EUR mn
367
281
Q3/14
in EUR mn
EBIT
Financial result
Profit from ordinary activities
Taxes
Effective tax rate
Net income
Minorities and hybrid capital
owners
Net income attributable to
stockholders 1
EPS (in EUR)
Clean EBIT
Clean CCS EBIT
Clean CCS net income
attributable to stockholders 1
Clean CCS EPS (in EUR)
Q3/15
Figures in this and the following tables may not add up due to rounding differences.
1 After deducting net income attributable to hybrid capital owners and net income attributable to non-controlling interests
Q3/15
(744)
9
(735)
259
35%
(477)
Q3/14
570
(31)
539
(195)
36%
344
n.m.
n.m.
n.m.
n.m.
(3)%
n.m.
(112)
n.m.
(472)
232
n.m.
(1.45)
345
495
0.71
593
656
n.m.
(42)%
(25)%
367
281
31%
1.13
0.86
31%
Special items and CCS effect

Q3/15
in EUR mn
in EUR mn
Q3/15
Q3/14
495
656
(149)
(62)
Clean EBIT
345
593
Personnel related costs
(16)
(22)
(1,088)
(1)
(4)
14
(1,090)
(23)
(744)
570
Clean CCS EBIT

CCS gains/(losses)
495
(149)
(16)
Unscheduled depreciation
Asset disposals
(1,088)
Other
Total special items
0
Clean CCS gains/ Personnel

UnAsset
CCS EBIT (losses)
related scheduled disposals
costs depreciation
EBIT
14
(744)
Other
EBIT
Mostly impairments of Upstream assets due to revised short and longer term oil price
assumptions
Negative CCS effect in Q3/15 due to the decrease in oil prices
Impairments recorded in Q3/15

Unscheduled depreciation in Q3/15
in EUR mn
1,088
Downstream
Oil price and EUR-USD FX-rate

assumptions
140
120
1.30
1.15 1.15
1.15
1.35
1.35
1.4
1.15 1.15
1.2
105
100
Upstream
90
70
80
60
55
80
105
85
0.8
70
55
0.6
40
2015
1.0
0.4
2016
2017
2018 2019 onwards
Downstream Gas
Upstream producing assets and assets under development
Brent price in USD/bbl (left scale)
Upstream assets under exploration
Average EUR-USD FX-rate (right scale)

Previous year assumptions
Impairments of Upstream assets spread across the portfolio

Lowered long-term summer/winter spreads assumptions led to an impairment of the German
gas storage Etzel
Cash flow
9m/15
in EUR mn
in EUR mn
Net income
(467)
(179)
3,010
(2,297)
103
36
(530)
(426)
Net income Depreciation
and
amortization
Other
Q3/15
Change in Cash flow

NWC
used in
components investment
activities
Free
cash flow
Dividends
Free cash
flow after
dividends
in EUR mn
232
(612)
1,649
524
524
(477)
Net income Depreciation
and
amortization
Other
Change in Cash flow

NWC
used in
components investment
activities
Free
cash flow
Dividends
Free cash
flow after
dividends
36
957 (96)%
Depreciation and
amortization
3,010
1,888
Other
(467)
(212) 120%
Sources of funds
2,579
2,633
Change in net working

capital components
(179)
(412) (57)%
Cash flow from

operating activities
2,400
2,221
Cash flow from

investments
(269)
9m/15 9m/14
(2)%
8%
(2,438) (2,911) (16)%
Cash flow from

divestment proceeds
142
Free cash flow
103
Free cash flow after

dividends
59%
(426)
465 (70)%
(225)
n.m.
(871) (51)%
CAPEX and EBITD

9m/15
in EUR mn
2,713
1,997
1,378
1,702
1,268
282
13
67
CAPEX
EBITD
Upstream
Downstream
Co&O, Cons
Key investments in Q3/15
Field developments and redevelopments in

Norway: Aasta Hansteen, Gullfaks and
Edvard Grieg
Romania: drilling, workovers and field

redevelopments
Exploration activities
Schiehallion field redevelopment in the UK
Upstream
Clean EBIT
in EUR mn
Q3/15 vs. Q3/14
Q3/15 vs. Q2/15
455
(374)
116
52
(163)
(47)
25
(17)
Q2/15 Realization Volume Exploration DD&A

expenses
(148)
139
Other
52
Q3/15
56
(65)
Q3/14 Realization Volume Exploration DD&A

expenses
129
Other
Q3/15
Lower oil price by 18%
Lower oil price by 50%
Lower sales volumes mainly in Norway and Romania
Lower sales volumes mainly in Libya and Yemen partly
Lower exploration expenses

Other: positive contribution from oil price hedges and
lower production costs
offset by Norway
Lower exploration expenses
Higher depreciation driven by Norway and New Zealand
Other: positive contribution from oil price hedges and
lower production costs
Upstream
Key Performance Indicators
Q3/15 vs. Q2/15
Hydrocarbon production in kboe/d

311
318
303
307
163
164
150
154
292
148
Production decreased by 5%
Romania: planned workovers at key
wells
Norway: planned turnaround at the
149
154
152
152
143
Q3/14
Q4/14
Q1/15
Q2/15
Q3/15
Oil and NGL
Gas
OPEX in USD/boe
15.51
16.89
Q3/14
Q4/14
Gullfaks field
OPEX/boe decreased by 3% mainly due to

Lower personnel and service costs
13.95
13.59
13.17
Q1/15
Q2/15
Q3/15
Partly offset by lower volumes
Upstream
OMV Petrom group
Hydrocarbon production in kboe/d
Q3/15 vs. Q2/15
178
182
184
181
174
84
84
85
85
83
Clean EBIT at EUR 94 mn
(down from EUR 124 mn)

Lower oil price and lower sales
volumes
Q3/14
98
97
95
Q4/14
Oil and NGL
Q1/15
96
Q2/15
91
Q3/15
17.02
Q3/14
Q4/14
and lower exploration expenses as

well as production costs
Production decreased by 4% due to
Gas
planned workovers at key wells in

Romania
OPEX in USD/boe
16.37
Positive impact from oil price hedges
14.23
13.16
13.11
Q1/15
Q2/15
Q3/15
OPEX/boe in line with last quarter
Downstream
Clean CCS EBIT
Q3/15 vs. Q3/14
in EUR mn
(42)
402
Downstream Gas
Q3/15
225
220
Q3/14
Downstream Oil
Significantly higher OMV indicator refining margin

Strong petrochemicals business driven by increased margins
Weaker gas market environment
Downstream
Key Performance Indicators
Refining utilization rate in % 1
95
103
Q3/14
West
101
82
Q4/14
94
86
Q1/15
Q3/15 vs. Q3/14
96
93 94
81
Q2/15
Q3/15
East
Overall refining utilization rate at 93%
Total refined product sales increased

slightly
Retail sales volumes up by 7%
Borealis contribution remains strong
Natural gas sales volumes increased by 4%
Natural gas sales volumes in TWh 2

38
33
23
20
Q3/14
Q4/14
OMV Trading and EconGas
Q1/15
Q2/15
OMV Petrom
1 After
20
Q3/15
OMV Turkey
result, OMVs total annual refining capacity has been updated from 17.4 mn t to 17.8 mn t as of Q1/15. Previously reported figures were not adjusted accordingly
As of Q1/15, this KPI reflects only third-party volumes and excludes trading volumes. Historical figures were adjusted accordingly
Outlook 2015
Oil price
Annual average between USD 50 and 60/bbl expected
Refining margins
Expected to decline from 9m/15 level
Retail volumes
Lower product prices expected to support demand
Gas markets
Remain challenging
Production
~300 1 kboe/d
CAPEX
EUR ~2.7 bn (~80% Upstream)
E&A 2 expenditure
EUR ~0.6 bn
without production from Libya and Yemen
Exploration and Appraisal
Sensitivities on OMV Group

EBIT
Libyan production
Operating
cash flow
Libyan production
100%
0%
100%
0%
+50
+40
+40
+35
OMV indicator refining

margin (+USD 1/bbl)
+100
+100
+75
+75
EUR-USD (USD appreciates

by 10 US cents)
+250
+200
+185
+170
2015 impact in EUR mn

Brent oil price (+USD 1/bbl)
Note: Materially different Brent and FX levels (vs. current levels) would lead to different sensitivity results.
Resourcefulness is OMVs way of achieving profitable

growth in a sustainable and responsible way
H2 Mobility
Carbon management
2nd generation biofuels
Energy efficiency
Water management
OMV partner of the

H2 Mobility initiative
Energy efficiency at Petrobrazi

refinery, Romania
Creation of local content

Educational initiatives in the
energy sector
Vocational trainings
>300 initiatives in 20 countries
Womens
Empowerment project
in Pakistan
More than 82,000
beneficiaries from
Skills to Succeed
projects
SRI ratings and indices

Oekom research evaluated the social and environmental performance of 26
major oil and gas companies worldwide. OMV achieved "Prime Status" with a
rating of B- on a scale from A+ to D- [2012]
OMV is included in the Euronext-Vigeo Eurozone 120 index (the most
advanced 120 companies in sustainability) [May 2015]

OMVs Carbon Disclosure Project (CDP) score improved significantly from
65D to 99B, resulting in the 3rd position in the integrated Oil & Gas sector [2014]
OMV is listed in the United Nations Global Compact 100 since 2013
OMV has been reconfirmed as a constituent of the Ethibel Sustainability Index
(ESI) Excellence Europe [September 2015]

OMV remains a constituent of STOXX Global ESG Leaders indices
[September 2015]
OMV is a constituent of MSCI Global Sustainability Index and reached AAA
(best in class) [May 2015]
Credit ratings
Commitment to strong investment grade credit profile enhances the
Companys high level of transparency with investors
June 29, 2015
August 28, 2015
Senior unsecured: A3, outlook stable
Senior unsecured: A-, outlook stable
the strong level of integration between its upstream
Credit update affirmed OMV AG's long-term foreign
and refining businesses and its leading position in the

downstream markets of Central and Southeastern
Europe.
potential support that could be provided to OMV by
the Austrian state in a distress scenario.

prudent financial management.
currency Issuer Default Rating (IDR) at 'A-' with a

stable outlook.
Historically, OMV has enjoyed good access to
capital markets. We expect that the company will be

able to tap capital markets to refinance upcoming
maturities.
Funding activities of the last years

As of September 30, 2015
Date of issue
Bond
Amount
Coupon
Maturity
June 2009
Eurobond (XS0434993431)
EUR 250,000,000
5.25% fix
06/22/2016
November 2014
EUR 750,000,000
0.60% fix
11/19/2018
November 2013
EUR 500,000,000
1.75% fix
11/25/2019
February 2010
EUR 500,000,000
4.375% fix
02/10/2020
October 2011
EUR 500,000,000
4.25% fix
10/12/2021
September 2012
EUR 750,000,000
2.625% fix
09/27/2022
September 2012
EUR 750,000,000
3.50% fix
09/27/2027
June 2011
Hybrid bond (XS0629626663)
EUR 750,000,000
6.75% fix Perp-NC7/12

until first call date
EUR 4 bn Eurobonds (due in 2016, 2018, 2019, 2020, 2021, 2022 and 2027)
EUR 750 mn Hybrid first call option and interest adjustment in 2018
Revolving Credit Facilities of EUR 1.5 bn (due in 2020) and EUR 750 mn (due in 2022) at OMV (both
undrawn) as well as of EUR 1.2 bn at OMV Petrom (due in 2018 and 2022) and, of EUR ~140 mn at
OMV Petrol Ofisi (due in 2016 and 2017; undrawn)
Overview debt structure and breakdown

1,200
1,000
Money market borrowings

Bilateral, syndicated, other loans
Eurobonds
German Loan Notes
Term Loans
Debt
Cash
Net debt
EUR 6.01 bn
EUR 0.61 bn
EUR 5.40 bn
800
in EUR mn
Debt breakdown
600
USD; 4%
Others;
1%
Variable;
24%
400
200
EUR;
95%
Fixed;
76%
Financial performance
Clean CCS EBIT
in EUR mn
12.6
3,407
2,470
11.7
9.7
2,645
2,530
8.0
2,238
2,824
1,418
2,099
6.2
2,086
2,154
4.7
1,669
3.7
1,517
256
(222)
279
225
240
243
(133)
(107)
2010
2011
137
101
488
461
503
(90)
(39)
(35)
2009
1 As
2012
3.5
3.4
3.5
2013
2014
2.0
184
(133)
2009
11.2
2013 1
2010
2011
2012
2014
E&P
R&M
Clean CCS Earnings per share in EUR
G&P
Corporate & Other, Consolidation
Cash flow per share in EUR
of Q1/14, figures for 2013 were adjusted due to the implementation of IFRS 11 Joint Arrangements
Financial highlights
in EUR mn
2011
2012
2013
2014
34,053
42,649
42,414
35,913
Clean CCS EBIT
2,530
3,407
2,645
2,238
Clean CCS EBITD
4,095
5,279
4,469
4,569
Clean CCS net income

attributable to stockholders
1,084
1,544
1,112
1,132
Clean CCS EPS (in EUR)
3.45
4.73
3.41
3.47
4,603
3,747
4,371
4,902
34
26
30
34
Cash flow from operations
2,514
3,813
4,124
3,666
CAPEX
3,146
2,426
5,239
3,832
29,800
28,658
26,863
25,501
Sales
Net debt
Gearing ratio (in %)
Number of employees
OMV share
Stockholder structure 1
Share price development 2

EUR
Own shares
0.3%
BIB
31.5%
Free float
43.3%
IPIC/Abu Dhabi
24.9%
Free float consists mainly of institutional
investors in
Austria
UK
USA
Rest of Europe
60
55
50
45
40
35
30
25
20
15
10
5
0
Dividend history
EUR per share
1.25
0.90
0.43
0.35
0.40
1.05
1.00
1.00
1.20
1.25
1.25
0.44
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

2 As of November 3, 2015
1.00
1.10
Note: Figures adjusted to stock split by the ratio of 1:10 in 2005
Contact Investor Relations

Felix Rsch
Head of Investor Relations
Tel.: +43 1 40440-21600
E-mail: investor.relations@omv.com
Web: www.omv.com
www.omv.com/socialmedia
Twitter: www.twitter.com/omv
OMV Investor Relations App available for
Android and iOS
http://www.omv.com/investors/app

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2 | OMV Group, Investor Presentation

HSSE: Safety is our priority

Injury Rate: Number of lost time injuries per 1 mn hours worked

3 | OMV Group, Investor Presentation

Integrated business and diversified portfolio

OMV indicator refining

Note: All values are monthly averages.

4 | OMV Group, Investor Presentation

Clean CCS Earnings Per Share

Free cash flow before dividends

5 | OMV Group, Investor Presentation

Strong cash generation despite difficult oil

Integrated business model

Brent price in USD/bbl

OMV indicator refining margin in USD/bbl

Operating cash flow before working capital movements

6 | OMV Group, Investor Presentation

agreement for ethylene and propylene with Borealis until 2028

Optimized contract structure ensures increasing utilization of refineries

Progress achieved regarding partnership with Gazprom

the project Achimov IV/V based on asset swaps

Shareholder agreement for the Nord Stream 2 pipeline project signed

Important steps taken towards Downstream Gas portfolio optimization

expected for 2016

EconGas: Provisional agreement reached on full takeover binding

agreement expected by end of 2015

7 | OMV Group, Investor Presentation

Framework for strategic review

Continue integrated business model

Upstream growth will remain focus

8 | OMV Group, Investor Presentation

OMV an integrated, international oil and gas

Production: 309 kboe/d

3 refineries with capacity

~4,100 filling stations in 11

36% share in Borealis

Gas sales business in

Gas logistics in Austria

Gas-fired power plants in

Figures from 2014; except refining capacity

9 | OMV Group, Investor Presentation

Our strategy is simple and clear

Focused Integrated Profitable

10 | OMV Group, Investor Presentation

OMV is resilient in difficult times

Natural hedge through

North Sea region: Increasing share

OMV production share, 9m/15

Share Clean CCS EBIT, 9m/15

Cash generation, 2014 1

North Sea region

Current production portfolio resilient at long-term oil price of USD 50/bbl

Substantially all of current production operating cash flow positive

to sources of funds before financing costs

11 | OMV Group, Investor Presentation

CAPEX and cost reduction progressing well

Group CAPEX reduced by EUR ~1.1 bn 1

E&A 2 expenditure cut by up to

EUR 200 mn targeted

overhead cost by EUR ~150 mn 3

2015 vs. 2014

12 | OMV Group, Investor Presentation

Review of non-core assets