EANS-Interim Report: OMV Aktiengesellschaft / Zwischenmitteilung

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Intermediate report of the management transmitted by euro adhoc. The issuer
is responsible for the content of this announcement.
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OMV: Report January – September and Q3 2009 including interim financial
statements as of September 30, 2009
Increasing crude price and cost management improve results

* Results down on record quarter last year: Clean CCS EBIT decreased by 49% to
EUR 514 mn; Clean CCS net income after minorities was EUR 259 mn influenced by a
financial result significantly below Q3/08
* Environment has improved compared to Q2/09: Although the refining environment
remains difficult, higher crude prices vs. Q2/09 and our efforts to reduce costs
supported the Q3/09 result
* Outlook for 2009: We expect the main market drivers to remain volatile; in
E&P, production should be supported by the recent start-up of new fields; in
G&P, gas consumption will remain under pressure due to reduced industrial
activity particularly in Romania; at Petrom, the planned refining investment is
still under review

Third quarter 2009 (Q3/09)

In Q3/09, results reflected the steep year-on-year decline in crude prices and
in refining margins. The average Brent price decreased by 41% compared to Q3/08
and the OMV indicator refining margin dropped by 79%. The Group´s reported EBIT
of EUR 553 mn was therefore significantly below the level of Q3/08. Petrom´s
contribution to reported EBIT was up to EUR 210 mn, as last year´s result was
burdened by the EUR 157mn impairment of Arpechim. The net financial result of
EUR (20) mn was significantly below the Q3/08 level, mainly due to a lower
contribution from Borealis and Petrol Ofisi as well as higher net interest
charges. Net income after minorities of EUR 283 mn was down compared to EUR 453
mn in Q3/08. Clean CCS EBIT was down by 49% at EUR 514 mn excluding net special
charges of EUR 15 mn. The clean CCS EBIT is stated after eliminating inventory
holding gains of EUR 54 mn. Petrom´s clean CCS EBIT was EUR 194 mn. Clean CCS
net income after minorities was EUR 259 mn and clean CCS EPS after minorities
was EUR 0.87.

In Exploration and Production (E&P), clean EBIT decreased by 31% compared to
Q3/08 to EUR 502 mn mainly due to the weaker oil price environment. The Group´s
oil and gas production was 317,000 boe/d, slightly above the level of Q3/08.

In Refining and Marketing (R&M), clean CCS EBIT was negative at EUR (14) mn,
versus EUR 207 mn in Q3/08. The refining business was heavily impacted by low
middle distillate spreads. The clean marketing result was slightly below the
level of Q3/08. Retail sales volumes slightly increased, however, overall
marketing volumes declined affected by the weak economic environment.

In Gas and Power (G&P), clean EBIT was down 24%, due to lower results at Petrom.
Gas supply, marketing and trading faced difficult market conditions as the
slowdown in industrial activities due to the economic downturn lowered demand.
The logistics business, however, benefited from higher volumes in transportation
and storage.

January-September 2009 (9m/09)

In 9m/09, the average Brent price in USD was 48% lower than in 9m/08. Overall,
the Group suffered from the drop in the oil price and in refining margins, with
EBIT and net income below last year´s level. The Group´s EBIT of EUR 1,056 mn
was 57% below the level of 9m/08; despite last year´s impairment of the Arpechim
refinery, the EBIT contribution of Petrom amounted to EUR 337 mn, a decrease of
52%. The net financial result of EUR (116) mn decreased significantly, mainly
reflecting the drop in dividend income after the MOL sale and the lower
contribution from associates. Net income after minorities of EUR 468 mn was 70%
below last year´s level. Clean CCS EBIT was 62% lower, at EUR 1,005 mn excluding
net special charges of EUR 58 mn. The clean CCS EBIT is stated after eliminating
inventory holding gains of EUR 109 mn. Petrom´s clean CCS EBIT contribution
stood at EUR 303 mn, down by 66%. Clean CCS net income after minorities was EUR
479 mn and clean CCS EPS after minorities was EUR 1.60, 71% below 9m/08. At the
end of September, net debt of the Group was EUR 3,152 mn and the gearing ratio
stood at 31.5%.

In E&P, clean EBIT decreased by 56% compared to 9m/08, mainly reflecting
significantly lower price levels and slightly lower volumes, despite the
positive hedging result for parts of the 2009 oil production, that more than
offset the negative hedging result for parts of the 2010 oil production. The
Group´s oil and gas production stood at 313,000 boe/d, 1% below last year.

In R&M, clean CCS EBIT was a negative EUR (95) mn, compared to EUR 245 mn in
9m/08 reflecting the depressed margin environment in refining. The marketing
result came in above the level of 9m/08.

In G&P, clean EBIT decreased by 5%, due to lower results in Doljchim, which was
burdened by lower demand and lower margins, partly offset by improved results of
gas supply, marketing and trading.

additional (optional) statements:
For more Information:
www.omv.com

end of announcement euro adhoc
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issuer: OMV Aktiengesellschaft
Trabrennstraße 6-8
A-1020 Wien
phone: +43 1 40440/21600
FAX: +43 1 40440/29496
mail: [email protected]
WWW: http://www.omv.com
sector: Oil & Gas - Downstream activities
ISIN: AT0000743059
indexes: ATX Prime, ATX
stockmarkets: official dealing: Wien
language: English

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