Kohlenwasserstoffe Mehr als Brennstoffe Wien, 14. November 2013 OMV Refining & Marketing 1 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Legal Disclaimer This presentation is prepared in order to outline our expression of interest. Nothing in this presentation shall be construed to create any legally binding obligations on any of the parties. Neither party shall be obligated to execute any agreement or otherwise enter into, complete or affect any transaction in relation to this presentation. All figures and information in this presentation are strictly confidential, they are by no means binding and thus indicative only. 2013 OMV Aktiengesellschaft, all rights reserved, no reproduction without our explicit consent. 2 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
OMV Refining & Marketing as European Company is Supplying over 200 mn People with Energy OMV filling station network 4 Refineries in Austria, Germany, and Romania with total capacity ~22 mn t/a Germany: Burghausen (3.5 mn t ), Bayernoil (4.5 mn t, JV, on sale) Austria: Schwechat (9.6 mn t) Romania: Petrobrazi (4.2 mn t) 20% market share in the Danube region High product quality and environmental standards Strong retail brand and high-quality, innovative non-oil business (VIVA) Active in 13 countries with around 4,400 filling stations in 2012 (incl. Petrol Ofisi) Total ~ 3,300 employees 3 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
The OMV Refining & Petrochemicals Vision & Mission Our Vision a We are the most valued manufacturer of fuels and petrochemicals and enable society s mobility and economic prosperity in our markets. 4 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Europes ambigious targets potentially plot the future oil demand 2020 20 % CO 2 reduction 20 % energy efficiency 20 % renewables 10 % renewables in transport Europes Oil Demand [Mtoe] 681 654 286 281 605 239 2050 scenarios 474 2030 40 % CO 2 reduction 20 % CO 2 reduction from transport ~ 40 % renewables Electrification of urban transport 314 63 155 2050 80-95 % CO 2 reduction 60 % CO 2 reduction in transport estimation 2009 road & rail aviation 2020 marine buildings 2030 industry 2050 IEA Blue Map non energy & other 2050 NPS extrapol. EUROPIA power fuel & losses source: European Commission, EUROPIA 2011 based on IEA and CONCAWE data 5 OMV Refining & Marketing, Dr. Alois Virag, Sep. 20th, 2013
US Households energy use distribution in 2012 Heating, cooling, and warm water are the major energy consumers Space Heating Water Heating > 50 % Cooking Clothes Dryers Freezers Lighting 24% 14% 14% 6% Clothes Washers Dishwashers Televisions and Related Equipment Computers and Related Equipment Furnace Fans and Boiler Circulation Pumps 100% Space Cooling Refrigeration Other Uses source: US Energy Information Administration, 2013 6 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Households energy cost distribution Share energy costs for all households in Germany 2012 59% 15% 26% 2009 61% 14% 25% 2006 68% 10% 23% 2003 67% 10% 23% 2000 67% 9% 24% Heating & warm water Cooking Lighting & others 100% source: BMWi Energiedaten, 20013 7 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Heating insulations are key to increase energy efficiency crude oil is the basis for that Comparison of insulated and non-insulated house With our petrochemical products benzene, ethylene and C5 blowing agent we supply the complete feedstock portfolio for insulation materials of the latest generation Expanded (EPS) and extruded polystyrene (XPS) 8 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
High efficiency boilers increase energy savings, delivered by high quality sulphur free heating oil Vitatherm Potential cost reductions by condensing boilers consumption [L] -40% 3.000 2.500 2.000 Energy savings due to new condensing boiler Results of a survey with 1900 households up to 20 % more than 40 % 20% 29% 1.500 1.000 500 0 51% old oil boiles low temperature technolgy condensing boilers source www.iwo.at between 20 and 39 % source: www.iwo.at 9 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
The decrease in fuel consumption by optimised engines and optimised fuels although vehicle mass is increasing Average passenger CO2 emissions are decreasing CO2 Emissions [g/km] 200 190 180 170 160 150 140 130 120-17% 2000 2002 2004 2006 2008 2010 2012 Vehicle mass is increasing Vehicle Mass [kg] 1.600 1.400 1.200 1.000 800 600 400 1.970 1.975 1.980 1.985 1.990 1.995 2.000 2.005 2.010 year United Kingdom Italy EU-27 VW Polo VW Golf VW Passat Sweden Germany Austria source: ICCT European Vehicle Market Statistics Pocketbook 2013 source: Eckstein, L. et all, ATZ 112 (2010) 788 795 10 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
plastics per vehicle [kg] Automotive industry demands heavily all kinds of plastics Global demand growth of linear poly olefins As an example, car industry has a strong interest in due to e-mobility and light weighting/downsizing Currently, plastics in vehicles are widely used. Commodity, engineering, and performance polymers are applied E-mobility and light weight vehicles will increase demand for polymer materials Today, plastics contribute 10 to 20 % towards cars weight. 50 % thereof is bases on ethylene, propylene, and butadiene Plastics per vehicle [kg] 150 120 90 60 5.3 % 7.2 % 9.9 % Ethylene Butadiene source: IHS CMAI 2013 other polyvinylbutyral polycarbonates PE PVC ABS nylon polyurethanes polypropylene 30 0 Propylene 24.3% 1960 1970 1980 1990 2000 plastic type source: Economics & Statistics, American Chemistry Council, October 2009 11 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Number of cars per household 2 [Units/HH] Good CEE + Turkey market development for petrochemicals and oil products is underpinned by macro indicators Average Number of Cars per Household 2.0 1.5 1.0 Developing markets Czech Republic Poland Hungary Romania Russia Germany Mature markets Italy France United States Spain Japan United Kingdom 1.48 Average car penetration of the mature markets 3 0.5 Turkey 0.0 0 India China 5,000 10,000 Brazil 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 55,000 60,000 65,000 70,000 75,000 Median household income USD >70 mio consumer in total Car penetration per 1000 people increasing from 102 in 2010 to 123 in 2014 vs. European average of 500 1 Total product demand excl. Biofuels 2 Assuming average household size of 3 people 3 Germany, Japan, UK, Spain, Italy, France, and United States Source: JBC Energy, April 2011 12 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
High purity propylene enables high performance polypropylene, further penetrating the engineered plastics sector performance driven PI high performance LCP high performance cost driven PVC MPPO PA PC PET ABS PBT PS PMMA engineering LLDPE SAN PE HDPE LDPE standard hp PP amorphous semi-crystalline engineering commodity source: Borealis 13 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Refining and petrochemicals deliver the building blocks for high performance, high quality polymers and other chemicals Refinery Petro- chemistry 14 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Global linear polyolefin demand (PE and PP) is growing continuously 120 115 110 105 100 95 90 85 80 75 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 source: IHS CMAI 2013, pcutrures: Borealis 15 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
OMV focuses on high value products with growing demand Products Market growth 1 2012-21 Product Yield 2012 OMV Avg. EU-28 Naphtha +19% 18% > 9% Naphtha as feedstock for petrochemical products Jet +20% = 6% 6% Market growth 2 2012-21 Diesel +7% > 33% 25% Ethylene +5% Gasoline -20% < 15% 22% Propylene +6% Heating oil -21% = 14% 14% Butadiene +13% 1 OMV market growth; diesel and gasoline excl. biofuels. 2 Ethylene and Propylene growth rates based on Regions Western Europe, Central Europe, CIS & Baltic. Source: JBC Energy (April 2013), IHS CMAI, OMV analysis. 16 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
OMV s petrochemical complex Schwechat Burghausen naphtha FCC plant naphtha Metathesis Propylene Propylene/propane Ethylene/Crude c4 Ethylene plant Ethylene Propylene Ethylene plant Ethylene Propylene Benzene rich gasoline cut crude C4 crude C4 petrol / LPG Butadiene plant (2015) Butadiene Butadiene plant (Revamp 2014) Butadiene Aromatics Extraction Benzene 18 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Burghausen Refineries Total Monomer Concept incl. Europes 1st Metathesis Total material usage (Crude Oil & intermediates) in the refinery Burghausen Since 2008: 4,4 Mn tons Equalizes increase of more then 25% ethylene propylene benzene Yield increase [%] 33 55 275 New, revamped, and changed units diesel 229 propylene splitter cracker furnaces ethylene unit jet pet coke 8 35 tankfarm logistics & utilities ethylene pipeline HDS revamps coker revamp metathesis 19 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Ethane based crackers yield only minor fraction of high molecular/high value petrochemical feedstock Naphtha Gas condensate Ethane other ethylene other C2-C6 other ethylene C2-C6 C2-C6 ethylene 20 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Unlocking the butadiene potential in Schwechat and Burghausen Butadiene extension will go on-stream in mid 2014 and mid 2015, respectively. OMVs butadiene production volume +202% With these capacity additions, OMV will contribute 6 % to the total European capacity. 2012 2014 2015 BGH greenfield SW extension SW current 21 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Strong business integration and further increased asset utilization Own crude oil % of refining capacity Competition 2012 1 12% OMV 2012 18% E&P Refining OMV 2015 Retail sales vol. % of refining capacity >25% Competition 2012 1 Refinery utilization rate 79% Refining Retail Competition 2012 1 OMV 2012 OMV 2015 24% 42% >47% OMV 2012 OMV 2015 88% ~90% Petrochemicals sales vol. % of refining capacity Refining Petrochemical Competition 2012 1 1 OMV s European competitors: BP Europe, ENI Europe, Exxon Europe, Lotos, MOL, Neste, NIS, Phillips 66 Europe, PKN. Orlen, Repsol Europe, Rompetrol, Shell Europe, Total Europe, Tupras. OMV 2012 OMV 2015 6% 10% >13% Source: Annual reports, OMV analysis. 22 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
The OMV Refining & Petrochemicals Vision & Mission Our Vision a We are the most valued manufacturer of fuels and petrochemicals and enable society s mobility and economic prosperity in our markets. 23 OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
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