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Capital Markets Update 2025 Vienna – October 6, 2025
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This presentation contains forward-looking statements. forward-looking statements may be identified by the use of terms such as “outlook”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “target”, “objective”, “estimate”, “goal”, “may”, “will” and similar terms, or by their context. These forward-looking statements are based on beliefs, estimates and assumptions currently held by and information currently available to OMV. By their nature, forward-looking statements are subject to risks and uncertainties, both known and unknown, because they relate to events and depend on circumstances that will or may occur in the future and are outside the control of OMV. Consequently, the actual results may differ materially from those expressed or implied by the forward-looking statements. Therefore, recipients of this report are cautioned not to place undue reliance on these forward-looking statements. Neither OMV nor any other person assumes responsibility for the accuracy and completeness of any of the forward-looking statements contained in this presentation. OMV disclaims any obligation and does not intend to update these forward-looking statements to reflect actual results, revised assumptions and expectations and future developments and events. This presentation does not contain any recommendation or invitation to buy or sell securities in OMV. © 2025 OMV Aktiengesellschaft, all rights reserved, no reproduction without our explicit consent. OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 2 Disclaimer
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 3 Agenda Today’s Speakers Alfred Stern CEO Reinhard Florey CFO Berislav Gašo EVP Energy Martijn van Koten EVP Fuels and EVP Chemicals
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 4 Group Financial Framework Energy Fuels Chemicals Closing Remarks 01 02 03 04 05 06 Agenda Agenda
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Three strong integrated pillars delivering long-term value OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 5 Financial strength through the cycle Agile transformation to a more sustainable company Strong underlying core businesses generating high cash flows Chemicals and Gas as primary growth drivers Attractive shareholder distributions Energy Fuels Chemicals E&P Gas Marketing & Power Gas (e.g. Neptun Deep) Renewable power Geothermal energy Growth areas Refining Marketing Retail Aviation and CRT SAF and e-mobility Base chemicals Polyolefins Borouge Group Intl ReOil® Clean CCS ROACE ≥12%
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 6 • Mega gas project Neptun Deep development on track • Successful diversification of gas supply • OMV Petrom leader in renewables in SEE • Drilling completed and production test for geothermal energy in Vienna • Gas discovery in Norway in 2024 Strategy 2030: making significant progress • Agreed to form Borouge Group International, a global leading polyolefin company • Successfully started-up the chemical recycling plant ReOil® at Schwechat • Progressing Kallo, Borouge 4 and Baystar • Co-processing plant in operation • Petrobrazi SAF/HVO plant construction on track • ~200 MW electrolyzer capacity in Romania and Austria under construction (captive refinery demand) • Nearly doubled the EV network • Rebranded retail stations CMD 2024 Strengthen, expand and diversify chemicals portfolio Establish a leading position in renewable and circular economy solutions Become a leading European producer of renewable fuels Grow share of gas and low-carbon solutions CMD 2024
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 7 Robust cash flow generation from an integrated portfolio supporting a strong dividend track record 1 Including net working capital effects based on the dividend policy valid until the financial year 2026 2 Based on share price as of Dec 31, 2024 2.30 2.80 2.95 3.05 2.25 2.10 1.70 2021 2022 2023 2024 2.30 5.05 5.05 4.75 Additional variable dividend Regular dividend % of CFFO1 21 29 28 Dividend yield %2 10.5 12.7 12.7 Chemicals ~30% Fuels ~20% Cash flow from operating activities 2021-2024 average Energy ~50% EUR 6.5 bn Dividend per share
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Delivering on emission targets 8 Methane intensity % 13.9 10.8 2019 2024 -23% 114.9 95.4 2019 2024 -17% 1.3 0.2 2019 2024 -85% Flaring and venting kt 461 94 2019 2024 -80% Absolute net Scope 1 & 2 GHG emissions mn t CO2e Absolute net Scope 3 GHG emissions mn t CO2e Improved energy and operational efficiency Significant decrease in routine flaring and venting also led to a reduction in methane emissions Scope 3 emissions reduction, primarily due to lower oil and gas sales as well as leveraging integration with chemicals business
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 9 Shifting macro context Energy transition slower than anticipated Geopolitics and volatile macroeconomics EU competitiveness challenged AI accelerating automation
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Geopolitics and energy markets driving strategy adaptation 10 Market assumptions 2026-2030 Brent oil USD/bbl ~70 TTF gas price EUR/MWh ~30 Europe olefin indicator margin EUR/t 450-500 Europe refining indicator margin USD/bbl 6-7 CO2 EUR/t 70-110 • The energy transition continues to gain momentum, however at a slower pace than previously anticipated. The Stated Policies Scenario (STEPS) is considered as the more likely trajectory for future demand evolution • OMV continues to drive a responsible demand-led transformation, while investing in future technologies at pace • In the chemicals sector, while short-term challenges persist, rising demand in sectors such as packaging, automotive, construction, and renewable energy support the long-term growth • Gas remains a key driver of the energy transition, and OMV sees significant growth opportunities supported by its diversified gas portfolio • We aim to de-risk our transformation while maintaining strong cash generation by aligning investments in sustainable businesses with market developments • Continued focus on cost and CAPEX discipline, agility and resilience
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Accelerate chemical growth through BGI, feedstock integration and driving circular innovation Strengthen profitable fuels business while capturing opportunities in sustainable mobility We continue our transformation toward an integrated energy, fuels and chemicals company – with a strong focus on value OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 11 Net zero by 2050 in Scope 1, 2 and 3 High cash flow generation | Clear investment criteria | Attractive and reliable shareholder returns Grow gas and selectively advance renewables
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Our 2030 Strategic Priorities OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 12 • Optimize across the value chain and deepen chemical integration • Deliver cost and margin efficiencies • Grow retail and trading contribution • Capture opportunities in renewable fuels, chemical feedstock and EV Fuels • Gas as a strategic growth engine − Deliver Neptun Deep and other organic projects − Increased investments in E&P − Cash flow accretive inorganic growth • Adjust pace of renewable investments, while keeping the overall strategic direction unchanged Energy Extended group efficiency program until 2027 • Drive growth through Borouge Group International − Successful merger and integration − Deliver organic growth projects, efficiencies and synergies • Maximize utilization of OMV crackers • Further optimize end-to-end integration across value chain • Leverage technology and innovation for circular chemicals Chemicals
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 De-risking transformation by adjusting pace of sustainable investments 13 Cumulative Organic Capex 2026-2030 Borealis deconsolidation due to formation of Borouge Group International Pacing investments for sustainable projects until 2030 while keeping overall direction unchanged Higher emphasis on traditional business with focus on strengthening of E&P project pipeline Free cash flow maximizationCMD 2024 Borealis deconsolidation OMV adjustments CMU 2025 ~19 -3.5 -1.5 ~14 Traditional business Sustainable projects
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Gas is a key enabler of the energy transition and a long- term energy source • Gas plays a crucial role as bridging fuel in the energy transition with low carbon footprint • Gas-fired power generation will remain essential to provide reliable supply, in addition to renewables growth • Existing infrastructure for both piped gas and LNG in place • STEPS scenario indicates until 2040 a robust European demand and a supply deficit estimate of around 300 bcm p.a. • With US LNG as a marginal price-setter, prices in Europe set to remain high compared to the pre-COVID period and disconnected from oil prices 14
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Significant gas growth from organic and inorganic opportunities 15 Organic growth ~400 kboe/d Total oil and gas production in 2030 Inorganic growth North CEE SouthMega project Neptun Deep EUR ~0.5 bn Contribution to clean Operating Result from Neptun Deep in 2030 OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025
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2030 CFFO growth vs. 2024 Fuels to grow cash generation by capturing market share and leveraging integrated value chain 16OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 >50% • Ensure high asset utilization by leveraging direct sales channels and integration benefits • Focus on profitable segments following societal trends • Optimize asset portfolio and leverage integrated value chain • Targeted investment in sustainable opportunities
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Three industry leaders to create a global polyolefins champion 17OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 1.1 4.62 Polyolefins capacity mn t pa Average EBITDA 2020-2024 in USD bn 2.66.43 2.4 1.1 World’s largest single- site polyolefins complex4, competitive feedstock and premium product offering Innovative polyolefins producer with world class technology portfolio Feedstock-advantaged North American player with proprietary technologies Global scale and customer reach Advantaged cost position globally Proprietary technologies and premium products Growth platform Financial strength and synergies Well positioned for sustainability Borouge Group International Market position in their respective region 1 #2#2 #5 1 Regional market position based on nameplate capacity 2 Borealis including 0.5 mtpa for Baystar capacities reflecting 50% stake 3 Borouge including 1.4 mtpa for Borouge 4 end of 2026 4 Post completion and recontribution of B4.
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 18 Equal shares and joint control in 4th largest global polyolefins player Supports OMV’s resilient financial framework • Exposure to a larger, more geographically diversified and resilient Chemicals company • ~70% of production in cost-advantaged feedstock regions, remainder benefitting from feedstock flexibility • Joint control significantly enhancing the value of a non-consolidated holding • Simplifies OMV's chemicals holdings, while preserving the industrial integration with OMV sites • No change to OMV's investment grade rating • OMV’s leverage ratio at ~22% post-transaction, well below 30% threshold • Strengthens OMV’s shareholder distributions • Substantial synergies from scale and global integrated operations and commercial outreach • Exposure to high-end markets and attractive growth projects • Free cash flow and clean CCS EPS accretive Delivers value BGI delivers value and unlocks growth for OMV shareholders
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Absolute GHG emission reduction targets maintained OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 19 Absolute net GHG Scope Carbon intensity gCO2e/MJ Scope 1&2 mt CO2e Flaring and venting Scope 3 mt CO2e Methane emissions Member of OGMP 2.0 Net zero -30% -20% -60% -50% -10% -25% 0% 0% ≤0.1% 2030 2040 2050 2030 Note. Baseline of the targets is 2019. Excluding any impact of potential acquisitions.
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OMV’s innovation is focused on unlocking new major market opportunities OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 20 Proprietary ReOil® technology Patented technology with strong monetization potential ReOil® chemical recycling technology Decarbonization of Energy portfolio Carbon Capture Innovation Center Proprietary technology CoolSwingCC® for low- cost carbon capture pilot plant in Austria Collaborations with geothermal technology leaders leveraging OMV´s subsurface and drilling expertise for industrialization Flexible SAF and olefin production via synthetic and bio-based routes Enable cost competitive bio- and waste-based feedstock Leverage advanced biotechnological processes for unlocking access to new feedstock and for conversion flexibility Sustainable fuels and feedstock OMV Innovation 360 OMV Innovation Hub Schwechat Strategic partnerships and collaborations Network of company- wide innovators
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OMV Strategy 2030 OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 21 Future value drivers Value drivers today Attractive shareholder distributions Maximize cash generation • Focus, high-grade and optimize E&P business • Optimize margin delivery from refineries and retail • Chemicals focus on integration efficiency • Deliver Group efficiency program • Neptun Deep and energy growth projects • Drive chemicals growth through Borouge Group International • OMV Petrom to develop into an energy transition leader in SEE • Capture opportunities in sustainable mobility, in particular SAF and EV, and chemical feedstock • Achieve net zero by 2050
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 22 Group Financial Framework Energy Fuels Chemicals Closing Remarks 01 02 03 04 05 06 Agenda Agenda
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Successful performance and financial steering framework Value oriented financial steering framework Strong results and cash generation Strong balance sheet Investment grade credit rating: Fitch A-, Moody’s A3 Competitive shareholder returns 23 focus on Value Creation & Shareholder Returns focus on resilience & ability to transform Sustainability Net zero 2050 Competitive shareholder returns Strong investment grade credit rating Strong OCF and Capex discipline to achieve positive (organic) free cash flow after dividends Cash Flow Clean CCS ROACE ≥12% Value Mid/Long-term: Leverage ratio <30% Balance Sheet Growing clean CCS net income attributable to stockholders / clean CCS EPS Profitability OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Integrated model delivering strong cash flow 24 1 incl. NWC effects Chemicals ~30% Fuels ~20% Cash flow from operating activities 2021-2024 average1 +27% Dividend per Share CAGR 2021-2024 14% Clean CCS ROACE Average 2021-2024 Energy ~50%EUR 6.5 bn Organic capex 2021-2024 average EUR 3.5 bn Chemicals ~30% Fuels ~25% Energy ~45%
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9.3 6.0 2.2 2.1 3.2 3.2 • Strength of balance sheet results in ample financing capacities and growth headroom • Disciplined spending approach with clearly defined investment criteria • Confirm commitment to maintain investment grade credit ratings • Post BGI leverage ratio impacted by deconsolidation of Borealis’ equity and net debt, as well as the EUR 1.6 bn1 capital injection Strong capital structure underpins growth, transformation and shareholder distribution A3 Outlook stable July 23, 2025 A– Outlook stable July 15, 2025 25OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Healthy balance sheet EUR bn, % Headroom to 30% leverage ratio LeverageNet debt in EUR bn 32% 21% 8% 8% 12% 12% 20212020 2022 2023 2024 1–6/25 end 2026 post BGI 1 Determined as of the reference date Jan 1, 2025, to be reduced by dividends paid out until completion of the transaction Note: Leverage ratio = Net Debt / (Equity + Net Debt) 22%
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Borouge Group International - Transaction overview 26 1 Determined as of the reference date Jan 1, 2025, to be reduced by dividends paid out until completion of the transaction 2 Upon completion, ADNOC‘s share in Borouge Group International will be transferred to XRG’s Global Chemicals Platform 3 Cost is defined as adjusted net book value and includes aggregate expenses and investments, financing costs and owner’s costs 4 Borealis share to be transferred to OMV All-share combination of Borouge and Borealis to create Borouge Group International OMV to inject EUR 1.6 bn1 cash into Borouge Group Intl to equalize ownership Borouge Group Int’l to acquire Nova Chemicals for an EV of USD 13.4 bn, funded through acquisition debt Joint control - equal shareholding and joint governance between OMV and ADNOC To be listed in Abu Dhabi with a future dual listing in Vienna Cash capital increase by Borouge Group Intl for up to USD ~4 bn to augment investment grade credit rating and achieve inclusion in the MSCI index Recontribution of Borouge 4 once fully operational at cost3 , estimated of USD ~7.5 bn. Shareholders retain flexibility on the timing and funding mix 46.9% 46.9% 50% 6.1% Free float Joint governance Borouge 44 100%100%100% Post Nova acquisition ownership structure 2 OMV 30% ADNOC 70% Borouge Group International OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025
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BGI transaction fully underwritten financing secured OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 27 Notes: Does not include FCF generation or transaction costs for Nova 1 Final injection amount depends on dividends distributed in interim to closing 2 Including leases • ADNOC and OMV obtained loan financing totaling EUR 15.4 bn on behalf of BGI to finance the acquisition of NOVA and provide the company with appropriate levels of committed liquidity. Refinancing is planned through capital markets • BGI targets an investment grade credit rating profile with a through-the-cycle net leverage of up to 2.5x EBITDA • Initial net debt above through-the-cycle leverage target, but rapid reduction expected through strong FCF generation • Flexibility retained on timing and funding of B4 recontribution to ensure accretion • Shareholders have undertaken a confidential exercise and received confirmation that BGI will have strong investment grade ratings, reflecting both its solid standalone credit quality and the uplift from its strategic importance to highly rated shareholders 9.4 4.0 Borouge and Borealis net debt at completion OMV capital injection1 NOVA BGI net debt at completion ~3.5 1.6 13.4 ~15.5 Targeting capital raise of up to USD 4 bn Nova existing debt2 Acquisition debt BGI net debt evolution USD bn 27
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BGI transaction is free cash flow accretive for OMV 0.1 0.4 ≥0.9 2.0 >2.4 OMV 2024 organic free cash flow Borealis excl. Borouge organic free cash flow Proforma OMV 2024 organic free cash flow Net to OMV Borouge Group Intl dividend floor Borouge dividends to Borealis OMV 2024 proforma organic free cash flow EUR bn OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 28
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Impact of the BGI transaction on OMV’s main financial indicators OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 29 1 Before equity market capital increase 2 Attributable to stockholders of the parents 3 Leverage ratio = Net Debt / (Equity + Net Debt) 4 Determined as of the reference date Jan 1, 2025, to be reduced by dividends paid out until completion of the transaction Pre-BGI Post-BGI Clean CCS Operating Result 100% 50% 36% Borealis Clean CCS Operating Result Baystar clean net income2 Borouge plc net income2 → ~47%1 BGI clean net income2 Operating Cash Flow 100% Borealis operating cash flow Borouge dividend net to OMV Baystar dividend net to OMV → BGI dividend net to OMV Clean CCS EPS 100% 50% 36% Borealis Clean CCS EPS Baystar Clean CCS EPS Borouge plc Clean CCS EPS → ~47%1 BGI Clean EPS Organic Capex 100% Borealis → BGI CAPEX not shown in OMV consolidated numbers Leverage ratio3 100% Borealis in net debt and equity Baystar & Borouge reflected in equity via retained earnings (share of net income) → Net debt: impacted through capital injection into BGI of EUR 1.6 bn4 and dividends from BGI; BGI net debt and equity at equity consolidated. Equity: BGI reflected via retained earnings (share of net income)
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Efficiency program upped with higher ambition well on track to deliver more than EUR 0.5 bn by end of 2027 OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 30 1 Compared to 2023 Ambition of EUR ≥0.5 bn presented at CMD 2024 maintained, despite Borealis deconsolidation Strategic efficiency program to future-proof our business, enable a more agile and flexible organization will contribute substantially >50% cost savings expected Impact on cash flow from operating activities1 EUR bn 2024 Cost savings identified in 2025 Tax impact Margin improvements 2027 ambition ~0.2 ≥0.5
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Financial targets with focus on value creation and shareholder returns while decreasing emissions OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 31 Targets updated to reflect BGI transaction, adjusted pace of sustainable investments, and revised market outlook. 1 incl. NWC 2 incl. non-cash effective CAPEX -30% -20% -10% Scope 1&2 mt CO2e Scope 3 mt CO2e Carbon intensity gCO2e/MJ ESG (2030 vs 2019)EUR >6.5bn 2030 clean CCS Operating Result EUR >6.0bn 2030 operating cash flow1 >9.0EUR/share 2030 clean CCS Earnings per Share EUR ~2.8 bn2 average organic CAPEX p.a. in 2026-2030, thereof 30% in sustainable projects Clean CCS ROACE ≥12% in the mid-to long-term <30% Leverage ratio and a strong investment credit rating Organic and inorganic growth guided by clearly defined investment criteria, maintaining leverage ratio <30% Progressive dividend policy and additional variable dividend framework
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1.1 Resilient, higher quality cash flow and growing earnings OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 32 2030 targets price assumptions: Brent at 75 USD/bbl; TTF at 25 EUR/MWh Clean CCS Operating Result EUR bn 1.2 >9 6.4 2024 2030 target 5.1 0.4 • BGI deal: Borealis deconsolidation → BGI reflected via share of net income/dividend • Updated Brent price assumptions • De-risked transformation by aligning sustainable investments with market trends 2030 targets recalibrated to reflect strategic portfolio evolution and market dynamics: Cash flow from operating activities EUR bn Clean CCS EPS EUR 2024 2030 target 2024 2030 target +/- 10 USD/bbl Brent - +/-EUR 210 mn +/- 5 EUR /MWh THE - +/-EUR 260 mn Highly resilient operating cash flows: De-risked Chemicals operating cash flow through BGI dividends, which is free cash flow Inorganic growth opportunities represent additional potential upside Inorganic growth Borealis >6.5 5.5 >6.0 OMV excl. Borealis OMV Group
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Capex reduction until 2030 driven by BGI deal and enhanced discipline OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 1 Incl. non-cash effective CAPEX related to leases Average annual organic CAPEX1 EUR bn 1.8 1.9 0.8 0.7 2024 2025 CMD 2024 Ø2026-2030 3.7 ~3.6 ~3.8 Chemicals Fuels Energy Corporate & Others 0.9 70% 30% Ø2026-2030 ~5% ~40% ~55% Ø2026-2030 ~2.8 Sustainable projects 2026 capex elevated due to the Neptun Deep project 70% growth project share of average total group organic CAPEX Organic and inorganic growth projects must meet strict investment criteria - min. required IRRs and payback periods Sustainable capex: 75% Fuels and Chemicals and 25% Energy Main Sustainable projects: Green hydrogen | SAF HVO | Geothermal | Renewable electricity All sustainable projects must deliver double digit returns Traditional business Borealis1.0 33
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From investment to returns: Organic free cash flow to grow sharply OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 34 Organic free cash flow EUR bn 2024 2030 2.0 >3.0 +>50% Capex to come down as of 2028 due to elevated investments in the short term Major organic growth projects become operational in the next 1-3 years Higher cash flows and lower capex leading to substantial free cash flow increase → → →
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Capital allocation priorities: stronger focus on shareholder returns 01 Balanced investment portfolio framed by strict capital discipline 02 Competitive shareholder distributions via progressive regular dividend, plus an additional variable dividend when leverage ratio is below 30%, linked to operating cash flow and including a substantial share of BGI dividends attributable to OMV 03 Further growth and value creation guided by strict investment criteria 04 Mid/long-term target ratio below 30%; maintain investment grade credit rating 35 Upon completion of M&A in case leverage >30% ATTRACTIVE AND RELIABLE SHAREHOLDER RETURN M&A TO ACCELERATE GROWTH AND TRANSFORMATION DELEVERAGINGORGANIC CAPEX OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025
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Dividend policy update: clear benefits for OMV shareholders from BGI transaction Principle of progressive regular plus additional variable dividends maintained, with adjusted distribution base → → Current dividend policy will apply for financial year 2025 (paid in 2026). Award additional variable dividends when leverage ratio is <30%; Starting 2026, OMV will distribute 50% of BGI dividends attributable to OMV plus 20-30% of cash flow from operating activities excluding BGI dividends attributable to OMV → → OMV aims to increase regular dividends every year or at least to maintain the level of the respective previous year. OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 36
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Increased value for OMV shareholders through more robust and resilient dividend policy OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 37 1 OMV’s current dividend policy states that 20–30% of CFFO will be distributed. 2 Core OMV includes OMV crackers, Fuels and Energy 1.2 4.3 2024 CFFO 5.5 DPS 4.75 28% of CFFO New dividend policy EUR bn 0.9 4.3 2024 pro- forma CFFO 5.2 DPS 5.05 50% of BGI dividends 28% of CFFO Current dividend policy1 EUR bn EUR +0.30 DPS 28% of CFFO Borealis Dividend floor of BGI Core OMV 2 Core OMV 2
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2.21 OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 OMV’s shareholder distributions will be strengthened by substantial BGI dividends 1 Calculated as reported net income and shall exclude costs and one-off effects (being positive or negative) including impairments and PPA effects associated with the transactions or future transactions from the calculation 2 Calculated as free cash flow post interest and working capital changes but before principal repayment costs Total dividend Borouge Group International USD bn Borouge Group Intl Floor total dividend USD ~1.0 bn Net floor dividend to OMV based on a 46.9% share Upside potential Floor USD 1 bn dividend stream for OMV, with substantial upside potential BGI dividend policy: • 90% of net income1 • Upside based on free cash flow2 38
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3939 • OMV Petrom − Listed on BSE, fully consolidated − OMV share 51% − EUR 10.8 bn market cap (EUR 5.5 bn net to OMV) • Planned: Borouge Group International incl Borouge 4 - to be ADX and ATX listed, at-equity consolidated • Oil & gas E&P; gas marketing and power • Refining and marketing • OMV base chemicals and BGI Growth projects with expected near-term contribution Focused investments into projects with attractive returns • Future M&A / strategic investments • Neptun Deep (50% OMV Petrom) • Development projects in Austria, Norway, Middle East and North Africa • Sustainable mobility: SAF/HVO in Romania and Austria • Renewable power in Romania OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 • Geothermal 1 As of October 1, 2025 Stock listed participations Integrated business covers 3 sectors • Circular Economy OMV provides value generation in a future oriented portfolio Value generating portfolio Participations value Cash providers Future Contributors Future new value drivers
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Among top performers in total shareholder returns OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 40 OMV 2025 share price performance vs. benchmark indices % -25 -20 -15 -10 -5 0 5 10 15 20 25 30 35 1-Jan 16-Jan 31-Jan 15-Feb 2-Mar 17-Mar 1-Apr 16-Apr 1-May 16-May 31-May 15-Jun 30-Jun 15-Jul 30-Jul 14-Aug 29-Aug 13-Sep 28-Sep OMV FTSEurofirst 300 Oil & Gas ATX Brent Crude STOXX Europe 600 STOXX Europe 600 Chemicals 46.22 EUR Development YTD in % as of October 1, 2025 Peer 1 42% OMV 38% Peer 2 35% ATX 34% Peer 3 21% FTSE 300 Oil & Gas 16% Peer 4 14% Peer 5 10% Peer 6 9% Peer 7 6% Peer 8 6% Peer 9 3% Peer 10 -1% STOXX 600 Chemicals -1% Peer 11 -30% OMV share price 1 Peers: BP, Shell, TotalEnergies, Eni, Galp, MOL, Neste, Repsol, Equinor, BASF, LyondellBasell Closing prices as of October 1, 2025 TSR1
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Finance Strategy 2030 in a nutshell: Delivering sustainable value Lower organic capital expenditures post BGI, exercising focus and financial discipline Optimize cash generation from integrated business model, drive cost savings and efficiency program BGI transaction unlocks significant value for OMV shareholders, reflected in the enhanced dividend policy Safeguarding financial headroom to enable selective growth opportunities → → → → 41
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 42 Group Financial Framework Energy Fuels Chemicals Closing Remarks 01 02 03 04 05 06 Agenda Agenda
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 43 Become a leading producer of gas for our European core markets Adjust pace of renewable investments, while keeping the overall strategic direction unchanged Grow gas and selectively advance renewables
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North • High-grade portfolio with growing equity gas production • Extend portfolio longevity and materiality • Prioritize access to hub assets, as well as growth satellites CEE • Grow Black Sea production and resource base through exploration in Romania & Bulgaria South • Grow gas production and resource base in North Africa LNG Neptun Deep Gas OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 44 OMV to become a leading producer of gas for our core European markets GATE terminal: contracted long- term capacity1 1 OMV holds a contracted long-term annual capacity of 3 bcm at the GATE terminal in Rotterdam
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Growth from significant organic projects complemented by potential inorganic opportunities OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 45 40% 2025E Neptun Deep Other organic projects Decline 50% 2030E organic production Inorganic >50% 2030E total production ~300 ~70 ~70 320-330 ~400 Organic growth • Neptun Deep adding 70 kboe/d at plateau • Increased pipeline of additional organic growth projects of ~70 kboe/d • Natural decline partially offset by workovers and infill drilling • Exploration activity with further upside in organic growth Potential inorganic growth • Cash flow accretive assets with a focus on gas • Value-driven • Clear investment criteria Oil Gas Production kboe/d
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 46 Neptun Deep, the largest offshore gas project in the EU Project Scope Neptun Deep Progress 2027 First gas 03/2025 Spudding first well October 2025 10 subsea wells (3 drill centers) and 2 subsea umbilicals Shallow water platform with gas dehydration facilities 30+ km flow lines to tie-in wells with the platform 30” wide x 160 km long main export pipeline to shore Onshore metering & control station 12/2023 De-risked: 80%+ of budget awarded 06/2023 FID Q4/2024 Drilling rig in Romania ~140 kboe/d Gross production at plateau (8-10 years) USD ~3/boe Production cost up to EUR 4 bn Gross CAPEX 2.2 kg CO2/boe GHG emissions (significantly below global average of ~17) Operator: OMV Petrom (50%); Partner: Romgaz (50%) Project fully on track and within budget 12/2024 De-risked: >90%+ of budget awarded EUR ~500 mn Expected Neptun Deep contribution to OMV Petrom Clean Operating Result in 2030
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Neptun Deep to double Romania’s gas output and to enable exports 47 • Romania likely to become a net exporter • Infrastructure in place to export to neighbouring countries and further on to other European countries • Marketing activities ongoing − Signed contract with Uniper (Germany) − Signed contract with Energocom SA (Moldova) Romania Hungary ~(5.6) bcm EU Net import requirements as of 2024 ~(0.1) bcm Neptun Deep plateau production capacity18 bcm p.a. 1 ~140 kboe/d ~(0.9) bcm Moldova Bulgaria ~(2.7) bcm OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Interconnecting capacity in place
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stabilize productionAdditional organic production from development projects: ~70 kboe/d in 2030 Additional organic projects and workovers to manage natural decline until 2030 48 Selected development projects in addition to Neptun Deep Well workovers Operated Non-operated Gas Austria Wittau Libya Zueitina Norway Berling Norway Gudrun Oil Libya Nafoora Growth UAE Sarb and Umm Lulu Oil & gas Romania by OMV Petrom Source: Equinor Recovery maximization OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025
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• Value-driven focus on infrastructure-led exploration (ILX) next to existing fields • NCS: The Haydn/Monn gas discovery in 2024 indicated significant potential in OMV’s focus area, the Voring Basin • Black Sea has a significant gas growth potential with low emissions − Utilize Neptun experience − Tap exploration potential in Han Asparuh Exploration activity with potential to add volumes by 2030, and further growth potential by 2035 OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 49 300+ mn boe risked resource 50+ wells EUR ~200 mn expenditure p.a. Romania Bulgaria new hub Austria Norway new hub
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Inorganic growth – a potential upside in case of value accretive opportunities ~400 kboe/d Total oil and gas production in 2030 50 Target profile • Cash-flow accretive assets to sustain high cash flow generation • Regional preference in and around Europe, focusing on opportunities with gas potential • Building on OMV’s core strengths and unlocking synergies • Inorganic growth only in case of value accretive opportunities in a challenging M&A market • Potential inorganic growth will remain within the 30% leverage ratio target
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Focus on cost and high-grading of current portfolio OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 51 1 Excluding SapuraOMV, UAE recycled gas • Strong focus on cost − Achieved EUR 110 mn cash flow improvement in 2024 vs. 2023 − Continue to reduce absolute cost base to offset declining production from mature assets • Further high-grading the portfolio − Optimize Norwegian portfolio − Cost efficient decommissioning in New Zealand Organic unit cost1 USD/boe 10 ~11 <9 2024 2025E 2030E <30 2030 Cash break-even USD/ boe
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Gas Marketing and Power – a significant earnings contributor 52 Storage and LNG ~70 TWh Storage capacities in Austria and Germany and LNG capacity • Storage business is fully hedged; profitability is a function of summer-winter spreads • Signed LNG long-term contracts with reliable returns Gas sales ~130 TWh p.a.1 • Full diversification of supply sources, without Russian gas • Strong supply portfolio in Romania with a ramp-up in equity gas volumes in 2027 (Neptun Deep) • Profitability driven by optimization of sales channels Optimization and Trading • Supply, transport and storage optimization • Profitability is a function of market volatility (time/location spread) • Grow asset backed trading Power production >6 TWh p.a.1 • Benefits from gas-electricity integration in Romania • Profitability driven by power margins and spark spreads, upsides from balancing services and integration with renewable power capacities OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 1 2030 targets ~300 EUR mn Average 2026-2030 Clean Operating Result Gas Marketing & Power
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Romanian gas and power market to fully liberalize in 2026 OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 53 1 Includes sales quantities subject to GEO 27/2022 and GEO 119/2022 (households, heat producers for households, cost plus, trading, supplier of last resort); Power Power sector liberalized in July 2025. State support is provided to vulnerable consumers. Q2/25 Q3/25 Regulated sales Unregulated sales Regulated gas sales Unregulated gas sales to Brazi plant and third parties Gas Gas sector to liberalize starting April 2026; gas price caps still in place until then. Q2/25 Q2/26 20% 80% 25% 75% 1
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OMV Petrom to become a leading power market player in SEE OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Integrated position in Romania • Invest in renewable energy sources to leverage favorable wind and solar conditions and regulation • Leverage existing 860 MW gas power plant to reduce variability of produced electricity • Potentially explore power storage opportunities to further increase flexibility of electricity production • Projects: CE Oltenia (50%), Teleorman (100%), Renovatio (50%), Isalnita (100%) totaling >2.4 TWh p.a. Expand to Bulgaria • Projects: Gabare (50%), ~0.3 TWh p.a. 1 Gross (including partnerships) production capacity >2.5 GW 2 Gross (including partnerships) electrical output >4.7 TWh 3 Including equity injection, shareholder loans and grants 54 >2.4 TWh2 Net electrical output p.a. by 2030 ≥10% IRR ~0.7 EUR bn Total investments OMV Petrom3 2026-2030 >1.3 GW1 Wind and solar net production capacity p.a. by 2030 RES projects 1.3 GW Flexible Brazi gas power plant 860 MW Storage systems
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 First geothermal plant to start in Vienna in 2028 Existing open loop technology Vienna & Graz Innovative closed loop technology New projects Produce and recycle hot thermal water from aquifers (“we rely on natural reservoirs”) • Vienna (deeep JV with Wien Energie) − Pilot plant (20 MW) drilling finished, production tests ongoing, start 2028 − Second phase (60 MW) drilling in 2026, start 2030 − Plan to scale up to 200 MW after 2030, equivalent to supplying 200,000 households, around half of Vienna’s households that use district heating today • Graz project – exploration 2026 Circulate fluids through a series of closed loops, potential for scalability (“we create reservoirs”) • Exclusive agreements with Eavor as strategic investor • Eavor is currently testing the commercial viability at the Geretsried site in Germany; electricity production targeted in 2025 • In negotiations with cities in Germany and in Romania • First production from OMV projects expected before 2030 55 EUR ~700 mn OMV organic CAPEX 2026-2030 ≥10% IRR ~1 TWh 2030 net production capacity
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Energy – 2030 strategic ambitions E&P • Execute on increased pipeline of organic projects • Focus on cost and efficiencies • Pursue value-accretive inorganic opportunities that leverage OMV’s strengths and unlock additional synergies Gas Marketing & Power • Unlock significant value by expanding trading and sales in Europe • Strengthen profitability by leveraging a multi commodity trading platform – making gas a key enabler in the company’s portfolio Renewables • Enable OMV Petrom to establish leadership in the power sector across SEE • Adjust the pace of geothermal energy 56 <30 USD/boe Oil & gas portfolio cash break-even by 2030 <9 USD/boe Organic unit production cost by 2030 ~400 kboe/d Oil & gas production by 2030
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 57 Group Financial Framework Energy Fuels Chemicals Closing Remarks 01 02 03 04 05 06 Agenda Agenda
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Liquids demand outlook in OMV Markets mn t p.a. Ongoing sustainable transformation in European fuels and chemicals market 58 Source: OMV analysis 1 Austria, Germany 2 Czechia, Hungary, Slovakia, Romania, Bulgaria, Serbia, Moldova 2019 2024 2030E Liquid products excl. Jet Jet 112 97 91 -1.1% 2019 2024 2030E Liquid products excl. Jet Jet 35 37 37 +0.3% CAGR CAGR Sustainable fuels and chemicals feedstock demand outlook in OMV markets mn t p.a. 0 20 40 2025E 2030E 2035E 2040E CAGR 2025-2040 +6.5% Chemical recycling based olefins1 Bio-based olefins1 eSAF bioSAF Ethanol Biodiesel HVO Source: OMV analysis 1 Ethylene and propylene OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 East2 West1 +3.0% +4.1%
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Strengthen Fuels profitability through integration and customer base expansion OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Maximize integrated margins across the entire value chain and deepen chemical integration Grow retail contribution by focusing on premium fuels, non-fuel business and eMobility Expand aviation footprint to new airports and regions to drive growth in jet fuel and SAF sales Increase direct customer share in commercial road transport 59 >50% 2030 CFFO growth vs 2024
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Continue profitable growth in Retail with focus on non-fuel business OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 60 • Multibrand strategy covering broad range of customer needs from high- end (OMV) to value-for-money (Petrom) and discount (Avanti) • Strong share of premium fuels and industry leading overall margins • Grow non-fuel business in 2030 by ~70% vs 2021 through new partnership concept with convenience retailers (i.e. Auchan, Billa) and via own brand (VIVA) • Selective network optimization via acquisitions and highway sites tenders Clean Operating Result p.a. average 2020-2024 ~500 EUR mn ~4% CAGR ~1,700 Clean Operating Result growth 2024-2030 Retail sites in 8 countries
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Expand high-performance EV-charging in CEE region 61 1 Market entry for high-performance EV-charging in 2025 • Become a top 3 player in AT, HU, SK, CZ, and BG; leading player in Romania • Paced ramp-up matching EV demand growth ensures optimal asset utilization • Achieved positive EBITDA contribution in Austria; successfully progressing toward profitability in additional markets • Grow EV charging infrastructure for heavy-duty vehicles; Established coverage of key Austrian routes; assessing further cross-sell and expansion opportunities High-performance charging points August 2025 Entry1 ~320 ~90 ~670 ~140 Entry1 ~5,000 2030 ~1,220 Aug 2025 ~640 May 2024 OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 62 Grow commercial customer access to secure outlets Aviation Expanded aviation footprint to further capture growing jet demand Successful pre-marketing of SAF supports security of sustainable investment projects Commercial Road Transport Increase sales focus on direct customers Grow CRT volumes in 2030 by 25% vs 2024 through leveraging specialized network additions and current offerings via retail stations Grow direct customers with 360° mobility offer PipelineOMV refinery Portfolio airports New portfolio airportsRailCEPS
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Capture growth in renewable fuels and chemical feedstock market 63 Production capacity kt OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Projects need to be paced to reflect market development Flexibility in project timings enables potential to maximize market opportunities Explore inorganic growth opportunities and strengthen feedstock integration Mature technology and processes to benefit from synthetic fuels growth potential after 2030 ~900 High flexibility in project execution and yield optimization to support margin optimization Pre-FID 2030 Road biofuels SAF Chemical feedstock 200–300 EUR mn Clean CCS Operating Result contribution target in 2030 In operation • Co-processing plant, Austria • 10 MW green hydrogen, Austria In execution • SAF/HVO plant, Romania • 20 & 35 MW green hydrogen, Romania • 140 MW green hydrogen, Austria
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 64 Refineries consistently recognized as top performer in leading industry benchmarks Integrated refinery net cash margin (NCM)1 NCM, USD/bbl Leverage refinery and chemical integration while strengthening trading capabilities 1 NCM is the difference between the market value of sold refined products and costs associated to refinery operations: crude costs including delivery and OPEX, including integrated chemicals effects. Source: OMV Analysis and Wood Mackenzie - Europe refinery infrastructure benchmarking August 2025 • Drive best-in-class integrated asset optimization and further increase flexibility in supply chains • Maximize integrated margins for traditional fuels across the entire value chain • Enhance trading capabilities via strategic coastal storage positions and growth in renewable feedstock trading capabilities OMV and Petrom Refineries Refineries at risk of closure Cumulative Capacity, Europe 2024
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Fuels – 2030 strategic ambitions Marketing • Be the first mobility choice for retail customers, grow non-fuel business contribution and ramp-up EV capabilities • Grow sales volumes in commercial road transport and expand aviation footprint Renewable fuels and feedstocks • Capture growth potential in renewable fuels and chemical feedstock markets >50% 2030 CFFO growth vs 2024 EUR 200–300 mn Renewable fuels and chemical feedstock EUR ~600 mn Retail 65 Fuels Value Chain • Transformation in line with market demand and shift to more chemicals • Maximize integrated margins for traditional fuels across the entire value chain Clean CCS Operating Result contribution target in 2030
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 66 Group Financial Framework Energy Fuels Chemicals Closing Remarks 01 02 03 04 05 06 Agenda Agenda
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67 Strategic cornerstones of Borouge Group International Leading global integrated polyolefin company Innovation & Differentiation Advantaged cost position Attractive shareholder returns A player of scale centered around value-add segments and high-growth markets Platform through which OMV and ADNOC will pursue their polyolefins growth strategy Leader in technology, customer-centric innovation and circular solutionswhile expanding in high-value segments through premium and specialty products ~70% of production in cost-advantaged feedstock regions, remainder benefitting from feedstock flexibility Well-positioned to generate attractive shareholder returns through the cycle OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025
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BGI: a global pure-play polyolefins leader, benefiting from a high level of integration OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 68 1 Borouge 4 capacities included 2 North America including Baystar capacities at 50% stake Olefins Polyolefins 5.3 3.1 North America2 2.5 0.7 0.8 Olefins Polyolefins 4.1 4.1 3.6 1.5 1.3 Olefins 5.0 1.4 Polyolefins 6.4 6.4 Europe Middle East & Asia-Pacific1 Production capacities per region mn t pa Capacities Growth until 2026 Long-term contracts with OMV/ADNOC Polyethylene Polypropylene
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Long-term polyolefins demand growth expected to grow above global GDP OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 69 1 GDP growth calculated based on CMA’s forecasted PO demand growth and GDP elasticity GDP, polyolefins and oil demand growth Source: Chemical Market Analytics by OPIS Note: Polyolefins include polyethylene and polypropylene. Total demand includes virgin and recycled grades. 2019 2024 2035E 2040E RoW Middle East North America Europe Asia (ex. China) China 195 221 323 367 2.5% +3.2% Polyolefins demand mn t, CAGR 80 90 100 110 120 130 140 150 160 170 2019A 2022A 2025E 2028E 2031E 2034E 2037E 2040E Global polyolefins demand Global oil demand Global GDP growth1 →GDP+
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Portfolio benefits from leadership in high-value products and proprietary technologies OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 70 Increase in high-value products volumes Energy Solutions Pipes & Fittings Water Solutions Mono- material solutions Greenhouse Films Sustainable Packaging Consumer ProductsHealthcare Infra- structure Mobility Polymer Solutions Food Packaging Key applications served High-value products Global leader Regional leader Energy Productivity products Rotomolded Products Caps and Closures Circular Solutions Standard Rigid Packaging Standard Flexible Packaging
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>70% of production with access to cost- advantaged feedstock OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 71 BGI polyolefin production capacities % 1 Middle East post-deal includes Borouge 4 capacities North America • Low-cost feedstock access from strategic proximity to prolific shale basins and supporting infrastructure Middle East • Long-term secured ethane supply from ADNOC; assets will remain in the first quartile of global cost curve after price reset in 2027 • Half of propylene volumes supplied by ADNOC at lower than market benchmark and remaining volumes via Borouge assets Europe • High feedstock flexibility of Nordic crackers and access to light feedstock • Ability to source and store low-cost ethane from US chartered vessels in Sweden and large cost-effective imports of butane and naphtha in caverns • New PDH plant is based on best technology; ~ large storage allowing for US imports • Deep integration with OMV refineries 50 20 30 BGI Cost advantaged feedstock Flexible feedstock ~45% linked to US light feedstock (e.g., ethane) pricing Middle East AECO (Canada) Henry Hub (USA) Naphtha (Europe) Naphtha (Asia) Europe North America Middle East 2020-2024 feedstock average prices Ethane
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BGI – Superior and resilient margins OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Companies shown include direct global competitors LyondellBasell, Dow and SABIC. Information is based on public company reports. 2020-2024 EBITDA proforma margin range 19% 10% 11% 12% 35% 19% 20% 26% 2020-2024 average EBITDA margin proforma BGI Company 1 Company 2 Company 3 26% 13% 14% 17% BGI Company 1 Company 2 Company 3 72
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BGI EBITDA uplift from near-term growth projects and synergies OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 73 Borouge Group International EBITDA USD bn Market development Asia - positive impact expected from announced rationalization policies in China and South Korea, as well as delays in new capacity in China Europe – ongoing capacity rationalization with a focus on polyethylene and non- integrated facilities North America – local capacity additions expected in 2027- 2030, with improved domestic market and exports 4.5 1.6 0.8 Average 2020-2024 Growth projects 0.2 Nova@50 efficiency program >0.5 Synergies Market normalization Through- The-Cycle Near-term organic growth projects adding total capacity of ~4.9 mn t pa of olefins and polyolefins1, for which ~90% of Capex has already been spent 7+ 1 Including Borouge 4 and excluding equity accounted 50% stake in Baystar
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Pipeline of near-term organic growth projects OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 74 1 Borealis share of 40% to be transferred pro-rata to OMV and ADNOC. Borealis 4 to be recontributed to BGI at cost 2 100% view Project progress TTC EBITDA Earnings Start 95% 100% 100% Early stage >90% ~EUR 200 mn ~USD 250 – 300 mn2 ~USD 250 mn ~USD 200 mn ~USD 900 mn 2026 2024 2025 2027-2028 2026 PDH Kallo Baystar 50% ownership, equity accounted AST 2 EU2 & PE 4/5 Borouge 4 70% Adnoc, 30% OMV1 • New world-scale propane dehydrogenation (PDH) plant • Capacity 740 kt p.a propylene • New 625 ktpa PE plant (Bay 3) based on the latest Borstar® technology • Integrated 1 mtpa ethane-to-PE complex • Improved operational performance • New 425 ktpa PE plant (AST2) based on Advanced Sclairtech® technology • Debottlenecked the cracker in Ontario by >50% to meet the demand of the AST2 plant • High utilization rate in 2025 • Debottlenecking projects • Increase PE production capacity by ~200 ktpa (PE4 & 5) – start-up planned in 2027 • Increase ethylene production capacity by 230 kt p.a. (EU2, pre-FID) – completion planned end-2028 • Ethane cracker (1.5 mt p.a.) and PE plants (1.4 mn p.a.) based on the latest Borstar® technology • Gradual start-up: end of 2025 to 2026 • Borouge to act as sole marketing and distribution agent before transfer; flexible timing of recontribution to BGI
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 75 Substantial mid-term synergies Source: OMV/ADNOC/Third-party consultant analysis • Improved market penetration • Optimizing asset network • Integrated and optimized sales and operations • Technology spillovers ~40% • Better procurement terms and supply chain • Cost optimization • Corporate-level benefits from global organization ~60%225 300 150 200 2028E 2030E Market driven Cost driven ~375 >500 Anticipated annual run-rate EBITDA impact USD mn Implementation one-off costs of ~USD 150 mn Key drivers of EBITDA synergies
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76 Increase commercial value through value chain integration and maximizing netback • Leverage regional sales teams and market insights to boost total sales e.g., higher volumes of specialty products globally • Expand the product and technology portfolio with complementary offerings (e.g., adding C4, C6 and C8 layers) • Streamline the combined product catalogue and asset portfolio, repurposing freed capacity • Enhance supply security for customers through integrated global coverage • Upgrade standard plants to deploy advanced technology • Accelerate product development by combining complementary process technology, catalyst technology, and application know-how EuropeNorth America AsiaMiddle East OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Illustrative cross-selling opportunities Local direct sales force
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Borouge Group International transactions closing on track OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 77 Status • Vast majority of clearances received • FDI approvals received in Austria and the US • Merger control clearance received in the EU, China, US and Canada • Synergies planning in progress • Borouge 4 share transfer from Borealis to OMV signed Next steps until closing • Receive outstanding clearances • Appoint Supervisory Board and management • Prepare internal readiness for Day 1 Q1/26 Estimated closing
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OMV chemicals to focus on cash delivery by increasing value chain integration OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 78 • OMV crackers are competitive on the European cost curve and benefit from integration with refineries and Borouge Group International • Long-term contracts with Borouge Group International for ethylene and propylene supply from Burghausen and Schwechat • Increase utilization and feedstock flexibility for the crackers • Utilize refinery integration for renewable feedstock 2420161284 Estimated European ethylene demand 2030 17 mn t Production cash cost vs. cumulative capacity OMV crackers Grow sustainable chemicals volumes in line with market demand; leverage the technical success of the ReOil® 16 kt plant, cost optimize and prepare for next scale-up to ReOil® 200 kt facility post-2030 Source: OMV/Borealis analysis 2024 Cumulative capacity mn t p.a.
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 Chemicals – 2030 strategic ambitions OMV base chemicals • Maximize utilization of OMV crackers • Further optimize end-to-end integration across value chain Renewables • Leverage technology and innovation for circular chemicals 1 excluding turnarounds USD >1 bn BGI floor dividend to OMV from 2026 onwards EUR ~200 mn OMV base chemicals contribution target to clean Operating Result in 2030 >90%1 Cracker utilization rate 79 Borouge Group International • Successful merger and integration • Deliver organic growth projects, efficiencies and synergies
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 80 Group Financial Framework Energy Fuels Chemicals Closing Remarks 01 02 03 04 05 06 Agenda Agenda
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025 OMV’s investment case • Drive agile transformation and pace investments in sustainable businesses in line with market demand • Drive growth in Energy, enhance value in Fuels, and build world-class position with BGI in Chemicals • Significant increase of free cash flow by 2030 • Attractive and robust dividend policy, thanks to integrated business model and substantial BGI dividends more resilient to commodity price volatility 81
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OMV CAPITAL MARKETS UPDATE, OCTOBER 6, 2025