Capital Markets Update: OMV upgrades dividend policy, boosting resilience and free cash flow, and focusing investments in growth areas by 2030

• OMV to become integrated sustainable energy, fuels and chemical company by 2030
• Clean CCS Operating Result EUR > 6.5 bn by 2030
• Cash Flow from Operating Activities¹ EUR > 6 bn by 2030
• Organic investments² at around EUR 2.8 bn p.a. on average 2026-2030 with 30% allocated to sustainable projects
• Confirmed efficiency program of more than EUR 500 mn operating cash flow impact by 2027, incl. cost savings program
• Strengthens shareholder returns with updated dividend framework
• Closing of Borouge Group International transaction expected in Q1 2026
• Expected total oil and gas production of around 400 kboe/d by 2030
• Neptun Deep advancing on time and within budget, first gas expected in 2027
• SAF/HVO plant and green hydrogen production on track, operational by 2028
• OMV maintains net-zero target in Scopes 1, 2, 3 by 2050

OMV today reported significant progress on its Strategy 2030 to become an integrated sustainable energy, fuels and chemicals company. The company announced updated financial and strategic targets, reflecting the influence of economic and geopolitical volatility on OMV's businesses. To further strengthen financial resilience, OMV adjusts cumulative organic CAPEX by a total of EUR 5 billion between 2026 and 2030, enhances efficiency, and de-risks its transformation by strategically adjusting the pace of its sustainable investments.

OMV focuses on continuing to deliver robust Cash Flow from its integrated energy, fuels, and chemicals portfolio. Its Group strategy is anchored in projected growth in Chemicals with its shareholding in Borouge Group International (hereafter "BGI"), renewable fuels, incl. hydrogen, renewable power, and gas with the Neptun Deep flagship project. They are complemented by longer term innovations in the areas of chemical recycling and geothermal energy.

The deconsolidation of Borealis following the creation of BGI will reduce OMV's cumulative organic CAPEX by around EUR 3.5 billion for the period 2026 to 2030. The formation of BGI as the fourth-largest global polyolefin player remains on track, with closing expected in Q1 2026. In addition, OMV will optimize capital allocation in its Fuels and Energy segments by reducing organic CAPEX by a further EUR 1.5 billion, rescheduling certain sustainable projects beyond 2030 to balance risk and opportunity. OMV continues to adhere to a disciplined capital allocation across all business segments. Gas remains a key enabler of OMV's agile transformation, with significant progress planned through both organic and inorganic growth. OMV aims to increase its total oil and gas production capacity to around 400 kboe/d by 2030.

Alfred Stern, Chairman of the Executive Board and CEO of OMV AG: "Our updated targets and strategic initiatives reinforce OMV's long-term resilience and prepare us for a successful future amid a challenging environment. We are dedicated to responsible growth and value creation for our stakeholders. With strong progress on the Neptun Deep project and the expansion of our diversified gas portfolio, we are ideally positioned to secure energy supply in Europe and strengthen our market position. The creation of Borouge Group International marks a significant milestone in our Chemicals' strategy, providing access to attractive growth regions and advanced technology. Our shareholding in Borouge Group International, the renewable fuels projects and our portfolio of gas projects are key strategic growth drivers for the future."

OMV reaffirms its agile transformation, targeted growth, strong cash generation, and attractive dividends - delivering sustainable value for all stakeholders. OMV expects a Clean CCS Operating Result of more than EUR 6.5 billion by 2030. Clean CCS earnings per share are expected to exceed EUR 9 in 2030. Cash Flow from Operating Activities is targeted to be above EUR 6 billion by 2030. Amid challenging market conditions, capital allocation remains disciplined, with organic investments totaling around EUR 2.8 billion annually on average for the period 2026 to 2030. 30 percent thereof will be dedicated to sustainable projects.

The company has consistently delivered strong shareholder returns, supported by robust cash generation and a disciplined capital allocation strategy. Over the past four years, OMV has increased its regular dividend by more than 30 percent. With a dividend yield of nearly 13 percent, OMV ranks among the top performers in its sector.

From 2026, the basis for shareholder distributions will be amended. OMV will distribute 50 percent of BGI dividends attributable to OMV, plus 20-30 percent of operating cash flow excluding BGI dividends attributable to OMV. The revised policy ensures OMV shareholders benefitting from BGI's performance, while maintaining OMV's strong track record of attractive and competitive shareholder distributions. The structure of a progressive regular dividend, plus an additional variable dividend is retained when the leverage ratio is below 30 percent. The new dividend policy will apply starting with the financial year 2026, with dividends to be paid in 2027. The current dividend policy will continue to apply for the financial year 2025, with dividends to be paid in 2026.

OMV remains committed to achieving net-zero emissions across Scopes 1, 2, and 3 by 2050. By 2030, the company aims to reduce Scope 1 and 2 emissions by 30 percent and Scope 3 emissions by 20 percent compared to 2019. Also, the targets to eliminate flaring and venting, as well as to lower methane emissions to below 0.1 percent by 2030 remain unchanged.

Energy: Grow gas and selectively advance renewables

As an important bridging technology, gas is considered a key growth driver for OMV in the Energy segment. This is underpinned by higher investments in exploration and production activities in combination with the execution of promising development projects. In the Northern region, OMV will continue to work on gas opportunities, such as the Haydn/Monn area, adjacent to its existing producing hubs in Norway.

In Romania, the Neptun Deep project is expected to double the country's future annual gas production, while OMV Petrom will continue to explore the Han Asparuh block offshore in Bulgaria. In North Africa, OMV is expanding its production, in particular in Libya. In addition to organic growth, and to balance natural decline, OMV is actively pursuing inorganic opportunities to further strengthen and optimize its exploration & production portfolio and position the company as a strong market player in Europe. A total production is estimated at around 400 kboe/d and a cash break-even point of <30 USD/boe by 2030 through organic growth and targeted mergers and acquisitions in and around Europe.

In the renewables area, OMV is adjusting its pace while maintaining the overall strategic direction. The execution and build-up of its renewable portfolio in South Eastern Europe remains in the focus of the company, with OMV Petrom becoming a leading market player in this area in Southeast Europe. At the same time, the investment cycles in geothermal projects are being adjusted. The joint venture deep will supply 20,000 households in Vienna with carbon-neutral district heating in 2028, with an option to scale up to 200,000 households after 2030. Further projects in the pipeline include the evaluation of geothermal potential in Styria, Austria in 2026.

Fuels: Strengthen profitable fuels business while capturing opportunities in sustainable mobility

In the Fuels segment, OMV is focused on value chain optimization and deeper chemical integration, driving cost efficiency and margin enhancement. OMV is optimizing the retail and trading footprint and seizing new opportunities in renewable fuels, chemical feedstocks, and sustainable mobility. OMV forecasts a 6.5 percent compound annual growth rate in sustainable fuels and chemicals - such as HVO, ethanol, SAF, biodiesel, and bio-based olefins - in its core markets by 2040. In renewables, OMV Group targets 900 kt production capacity, leveraging flexible, high-yield projects including green hydrogen and SAF/HVO plants in Austria and Romania.

By 2030, OMV aims to reach 5,000 high-performance EV charging points, targeting top market positions in key CEE countries and expanding infrastructure for heavy-duty EVs. By then, the Clean Operating Result is expected to reach around EUR 600 million from OMV's retail activities and EUR 200 to 300 million per year from renewable fuels and chemical feedstocks. By 2030, Cash Flow from operating activities is expected to grow by more than 50 percent compared to 2024. Project pacing will align with demand and market developments, supported by flexible timing to capture emerging opportunities.

Chemicals: Accelerate chemical growth through BGI, feedstock integration and driving circular innovation

In the Chemicals segment, the formation of Borouge Group International is on track for closing in Q1 2026, with a vast majority of clearances already received, including Foreign Direct Investment approvals in the USA and Austria. BGI is set to be the world's fourth-largest polyolefins producer. Its equal share and joint control structure enhances OMV's portfolio value. BGI enables access to high-end markets, cost-advantaged feedstock (70 percent of production) and robust cash flows. Starting in 2026, OMV anticipates a minimum floor dividend of USD 1 billion from Borouge Group International, significantly strengthening its financial performance.

In the refinery integrated chemical business, OMV aims to maximize cracker utilization above 90 percent through refinery integration and long-term supply contracts. OMV amplifies its sustainable chemicals business in line with growing market demand. Building on the technical success of the ReOil® 16 kt plant, the company is focused on cost optimization and preparing for the next scale-up to a 200 kt ReOil® facility post-2030. This expansion supports OMV's strategic ambition to drive circularity in chemicals and strengthen its low-carbon portfolio. By 2030, OMV's base chemicals business is expected to contribute around EUR 200 million to the Clean CCS Operating Result.

¹ Including net working capital effects

² Including. non-cash effective CAPEX