Preliminary financial results as of December 31, 2022

OMV Petrom Group results for January – December and Q4 2022

including preliminary unaudited condensed consolidated financial statements as of and for the period ended December 31, 2022

Highlights Q4/22 vs Q4/21

Group

u Clean CCS Operating Result at RON 2.1 bn, 38% higher, supported by the higher results in Exploration and Production as well as Refining and Marketing, partly counterbalanced by lower results in Gas and Power due to the increased regulation and overtaxation

u Clean CCS net income attributable to stockholders of the parent at RON 1.9 bn, up 60%

u Cash flow from operating activities at RON 1.8 bn, 13% lower

u CAPEX at RON 1.3 bn, up 27%

u Free cash flow after dividends at RON 0.8 bn, 32% lower

u Clean CCS ROACE at 38%, 25 pp higher

u TRIR: 0.21 (Q4/21: 0.60)

u Base dividend proposal for 2022: RON 0.0375/share, up 10% yoy; a special dividend is also planned to be paid in 2023, with the exact value to be announced in mid-2023

u In 2022 direct taxes and industry specific contributions increased almost 4 times to a record high of RON 9.7 bn

Exploration and Production

u Clean Operating Result at RON 1,076 mn vs. RON 588 mn in Q4/21, mainly due to higher oil and gas prices and stronger USD

u Production decreased by 3.4%, mainly due to natural decline partly offset by the contribution of new wells and workovers

u Production cost increased by 5% to USD 13.4/boe, mainly driven by a one-off effect and lower production available for sale, partly offset by favorable FX

Refining and Marketing

u Clean CCS Operating Result at RON 861 mn, up 57%, mainly reflecting favorable refining margins

u OMV Petrom indicator refining margin at USD 18.8/bbl, up 150% on higher product spreads, mainly for diesel, gasoline and jet

u Refinery utilization rate at 99%, compared to 101% in Q4/21

u Retail sales volumes 7% higher, still on lower margins, mainly due to the voluntary discount applied in Romania

Gas and Power

u Clean Operating Result at RON 132 mn vs. RON 444 mn in Q4/21; the good operational performance in both gas and power business lines was severly impacted by regulatory and fiscal extended scope

u Gas sales volumes up 1.9% driven by sales to customers under supply of last resort

u Brazi power plant output of 1.5 TWh, with a stable share of 11% in Romania’s generation mix

Key events

u The declaration of commercial discovery regarding the Neptun Deep project was submitted to the National Agency for Mineral Resources; this represents an intermediate step towards the final investment decision, planned for mid-2023

u OMV Petrom took the final investment decision for a EUR 130 mn new unit of aromatic products at Petrobrazi refinery

u 275 MyAuchan stores in the upgraded Petrom branded filling stations at year end

u OMV Petrom successfully completed a 10% land share capital increase. Of the RON 567 mn total capital increase, RON 446 mn was cash subscription by shareholders, other than the Romanian state (96.1% subscription rate)

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