REG - OMV Petrom S.A. - Results for January – June and Q2 2022

OMV Petrom SAAnnouncement

28/07/2022 07:16

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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.

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

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