Published May 3, 2019

OMV Petrom Group results for January – March 2019

including unaudited interim condensed consolidated financial statements as of and for the period ended March 31, 2019

Highlights Q1/19 vs Q1/18

Group

Clean CCS Operating Result at RON 1.2 bn, 28% higher
Clean CCS net income attributable to stockholders at RON 1.1 bn, up 40%; Clean CCS EPS at RON 0.0186
Cash flow from operating activities at RON 1.5 bn, 16% lower
CAPEX at RON 0.8 bn, down 2%
Free cash flow after dividends at RON 0.7 bn, 9% lower
Clean CCS ROACE at 15.2%

Upstream

Clean Operating Result increased by 28%, to RON 825 mn, positively influenced by FX and gas price
Daily production decreased by 5.5%, mainly due to natural decline in Romania and lower production in Kazakhstan
OPEX of USD 11.66/boe, 2% lower, reflects favorable FX effects and continuous cost management

Downstream Oil

Clean CCS Operating Result at RON 221 mn, 9% lower, with strong operational performance, partly offsetting the weaker refining margins
OMV Petrom indicator refining margin at USD 3.62/bbl, down 45%
Refinery utilization rate at 96%; retail volumes up 6%

Downstream Gas

Clean Operating Result doubled, at RON 157 mn, mainly on improved power market conditions
Net electrical output up 21% to 1.08 TWh
Gas sales volume decreased by 14% to 12.23 TWh

Key events

Portfolio optimization: the transfer of nine marginal fields to Mazarine Energy Romania became effective on March 1, 2019, as part of the second divestment round, a step forward in simplifying our footprint
Polyfuel: the new unit in Petrobrazi refinery started production in March. The plant, an investment of approximately EUR 65 mn, represents the first of its kind for the OMV Group and employs state-of-the-art and environmentally friendly technology.

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Contact:
OMV Petrom Investor Relations
Tel: +40 372 161930, Fax: +40 372 868518
E-mail: investor.relations.petrom@petrom.com