Slides
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Q2 2026 Results Conference Call Alfred Stern CEO and Chairman of the Executive Board Reinhard Florey CFO and Deputy Chairman of the Executive Board July 31, 2026 Picture V2
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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 presentation 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. © 2026 OMV Aktiengesellschaft, all rights reserved, no reproduction without our explicit consent. Disclaimer Q2 2026 CONFERENCE CALL, JULY 31, 2026
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Q2 2026 CONFERENCE CALL, JULY 31, 2026 Macro environment Average olefin indicator margins Europe EUR/t Oil prices USD/bbl Gas prices EUR/MWh 68 69 64 81 104 66 66 62 72 98 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 29 27 26 31 38 36 33 31 41 46 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Trading Hub Europe (THE) Realized gas priceAverage Brent price Average realized crude price 589 570 590 453 813 467 448 465 318 704 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 8.1 Q2/25 11.5 Q3/25 14.0 Q4/25 13.9 Q1/26 20.3 Q2/26 Refining indicator margin Europe USD/bbl Brent oil +53% THE gas price +26% Europe refining indicator margin +152% Europe olefin indicator margin +44% Q2 2026 vs. Q2 2025 3 Average ethylene Average propylene
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Overview Q2 2026 723 885 588 113 446 242 245 429 200 Q2/25 Q1/26 Q2/26 1,031 1,025 1,706 +65% Q2/25 Q1/26 Q2/26 1.2 1.0 2.9 +142% 776 Q2/25 Q1/26 Q2/26 1,083 1,315 +21% Clean CCS Operating Result EUR mn Clean CCS EPS EUR Cash flow from operating activities EUR mn Chemicals Fuels Energy Consolidation and Others Hydrocarbon production –4% OMV refineries utilization rate +7 pp Fuel sales volumes –1% OMV steam cracker utilization rate +11 pp 4 Operational performance Q2 2026 vs. Q2 2025 Q2 2026 CONFERENCE CALL, JULY 31, 2026
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Energy – strong performance in a favorable market; lower sales in Middle East somewhat mitigating 1 Market effects defined as oil and gas prices, foreign exchange impact and price effect on royalties Clean Operating Result EUR mn • Market environment − Higher realized crude oil price (+48%) and realized natural gas price (+30%) − Negative impact of EUR/USD FX development of EUR –37 mn • Oil and gas production of 291 kboe/d (–14 kboe/d) − Middle East (–12 kboe/d) − Norway (–8 kboe/d) − Libya (+10 kboe/d) • Sales volumes of 242 kboe/d (–34 kboe/d) due to conflict in the Middle East, partly offset by higher Libya and Norway sales • While absolute production cost decreased, unit production costs increased slightly to USD 11.2/boe, mainly because of lower production and FX rate • Gas Marketing & Power contribution increased − Gas Marketing West increased by EUR 15 mn, mainly due to an update to the transport provision related to booked pipeline capacities − Gas & Power East was at a similar level, as the Brazi power plant underwent planned maintenance in both periods 593 878 415 129 -5 Q2/25 Market effects1 E&P operational & other effects 11 Gas Marketing & Power 6 Q2/26 588 885 +297 Gas Marketing & Power 5Q2 2026 CONFERENCE CALL, JULY 31, 2026 Exploration & Production
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Neptun Deep reaches key milestones for first gas in 2027 6 • Successfully installed the 16,500-ton “Neptun Alpha” offshore production platform in the Black Sea • Completed installation of the pipeline to shore • Drilled 6 of the 10 planned development wells • Completion of production wells • Installation and integration of subsea infrastructure • Connection of offshore facilities to the transport pipeline • Implementation of comprehensive testing program Recent milestones Upcoming milestones Project in line with first gas in 2027 Q2 2026 CONFERENCE CALL, JULY 31, 2026
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242 446 311 101 Q2/25 Market effects Operational & other effects 6 ADNOC Refining & Global Trading JV Q2/26 Fuels – substantially stronger refining performance in a volatile environment Clean CCS Operating Result EUR mn • Refining indicator margin increased by more than 12 USD/bbl to USD 20.3/bbl, driven by stronger middle distillate cracks amid tight supply conditions in the region • Increased utilization rate Europe of 90% and a more favorable production mix • Strong trading performance driven by effective capture of market volatility • Elevated crude differentials and temporary regulatory measures created headwinds for the result • Lower retail contribution, driven by decreased margins and stable commercial performance • ADNOC Refining & Global Trading JV performance came in slightly negative due to the conflict in the Middle East +205 1 Market effects based on refining indicator margin Europe 1 7Q2 2026 CONFERENCE CALL, JULY 31, 2026
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Chemicals – higher olefin margins and strong Borouge International contribution drive earnings growth Q2 2026 CONFERENCE CALL, JULY 31, 2026 8 Clean Operating Result EUR mn • Substantially higher olefin indicator margins (ethylene 38%, propylene +51%) • Higher OMV cracker utilization rate by 11 pp mainly due to significantly increased Burghausen utilization • Much higher OMV base chemicals contribution due to markedly better olefin margin and utilization rate, partly offset by higher discounts • The Borealis Group contribution includes 75% pre-tax operating result in the prior-year quarter • In Q2/26, the Borouge International contribution is recognized post-tax • Borouge International − Borouge International contribution to the result, meaning OMV’s share of clean net income, was EUR 349 mn in Q2/26 − Pro-rata polyolefin sales volumes were 1.17 mn t1 OMV’s share of clean net income of the at-equity consolidated companies 200 429 100 44 176 349 Q2/25 Market effects Operational & other effects Q2/25 Borealis Group contribution Borouge International Q2/261 +229 OMV Chemicals Borouge International impact
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Borouge International captured strong market conditions thanks to diversified footprint Note: Statements about Borouge International prior to Q2/26 relate to the individual companies Borouge, Borealis, and NOVA Chemicals and are pro-forma figures. 1 Price benchmark is average of North East Asia HDPE Blow Molding; Western Europe HDPE Blow Molding; North America LLDPE Q2 2026 CONFERENCE CALL, JULY 31, 2026 9 Q2/26 Borouge PLC conducted repair works in Q2/26 and restored full asset availability by end of June Borouge International maintained supply of differentiated products to its customers across all regions Price benchmarks surged globally on polyolefin shortages On track for realizing USD >500 mn of EBITDA synergies by 2030 +50% Average price Benchmark1 Total polyolefin sales volumes -9% Borouge International adjusted EBITDA USD bn, 100% view >2x adj. EBITDA vs. Q1/26 33% Adjusted EBITDA margin Vs. Q1/26 Vs. Q1/26 1.8
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Borouge International – reconciliation of EBITDA to net income 10Q2 2026 CONFERENCE CALL, JULY 31, 2026 Adjusted EBITDA ~0.5 DD&A Interest expenses Tax expenses Adjusted net income 1.8 0.9 Borouge International Q2/26 USD bn, 100% view
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Strong cash flow from operating activities before net working capital effects of EUR 2.8 bn in H1/26 Q2 2026 CONFERENCE CALL, JULY 31, 2026 Cash flow from operating activities excl. net working capital effects Organic free cash flow before dividends 2.2 2.8 0.6 0.5 Net working capital effects -0.7 0.3 H1/25 H1/26 11 EUR bn Cash flow from operating activities excl. net working capital effects Organic free cash flow before dividends 0.8 1.2 0.2 0.6 Net working capital effects 0.3 0.2 Q2/25 Q2/26
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Strong balance sheet maintained – low leverage ratio and high cash position after dividend payment EUR 3.0 bn EUR 3.1 bn OMV cash position End of June 2026 2021 2022 2023 2024 2025 1–6/26 6.0 2.2 2.1 3.2 3.6 5.0 21% 8% 8% 12% 14% 19% Leverage ratio Net debt in EUR bnEUR bn, % Note: Leverage ratio = Net Debt / (Equity + Net Debt) OMV undrawn committed credit facilities End of June 2026 12Q2 2026 CONFERENCE CALL, JULY 31, 2026
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Outlook 2026 2025 1–6/26 FY 2026 Previous forecast Brent oil price (USD/bbl) 69 92 85–95 THE (Trading Hub Europe) gas price (EUR/MWh) 37 44 ~50 ~45 OMV average realized gas price (EUR/MWh) 30 34 ~40 35–40 OMV refining indicator margin Europe (USD/bbl) 10.1 17.0 ~20 10–15 Ethylene indicator margin Europe (EUR/t) 569 629 >600 >550 Propylene indicator margin Europe (EUR/t) 445 506 >500 >420 Hydrocarbon production (kboe/d) 305 289 280–290 Production cost (USD/boe) 10.6 11.4 ~11 Utilization rate European refineries (%) 89 88 >90 Fuel sales volumes (mn t) 16.4 7.9 >16.4 Utilization rate OMV steam crackers (%) 75 81 85–90 ~90 E&A expenditures (EUR mn) 148 80 <200 Organic CAPEX (EUR bn) 3.7 1.6 ~3.4 MARKETOPERATIONS 13Q2 2026 CONFERENCE CALL, JULY 31, 2026
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Appendix
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Strong balance sheet Balance sheet June 30, 2026, vs. March 31, 2026 EUR bn 17.0 2.8 12.2 2.2 2.4 3.5 0.0 3.0 Mar 31, 2026 17.4 2.6 12.5 2.6 2.3 3.0 2.6 Jun 30, 2026 Tangible & intangible assets Other non-current assets Equity accounted investments Inventories Trade receivables Cash Assets held for sale Other current assets 43.0 43.0 17.9 3.4 2.8 8.0 6.7 1.1 3.0 Jun 30, 2026 17.9 3.7 2.9 8.0 6.3 0.01.2 2.9 Mar 31, 2026 Stockholders’ equity and hybrid capital Non-controlling interests Trade payables Bonds and other interest-bearing debts Provisions Liabilities associated with assets held for sale Other non-current liabilities Other current liabilities 43.0 43.0 • Tangible assets & Provisions impacted by additions from reassessment of decommissioning obligations, following updated discount and inflation rates • The increase in equity-accounted investments was mainly related to positive result contribution from Borouge International and ADNOC Refining as well as positive FX impacts • Stockholders’ equity & hybrid capital impacted by dividend distribution of OMV Aktiengesellschaft, however offset by positive result contribution and issuance of hybrid bond • Non-controlling interests decreased following dividend distribution of OMV Petrom SA 15Q2 2026 CONFERENCE CALL, JULY 31, 2026
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Sensitivities of OMV Group results in 2026 In light of the ongoing conflict in the Middle East and its effect on commodity markets, the sensitivities presented might not fully capture the actual impacts on results and/or cash flow. Note: Materially different Brent and FX levels (vs. current levels) would lead to different sensitivity results. Operating cash flow excludes net working capital effects Annual impact excl. hedging EUR mn Clean CCS Operating Result Operating cash flow Brent oil price (USD +1/bbl) +50 +35 Realized gas price (EUR +1/MWh) +45 +30 OMV refining indicator margin Europe (USD +1/bbl) +110 +100 Ethylene indicator margin Europe (EUR +10/t) +10 +5 Propylene indicator margin Europe (EUR +10/t) +10 +5 EUR/USD (USD changes by +0.01) +45 +35 16Q2 2026 CONFERENCE CALL, JULY 31, 2026