Glossary

Austrian Commercial Code

Austrian Code of Corporate Governance

Annual General Meeting

Barrel (1 barrel equals approximately 159 liters)

Barrels per day

Billion standard cubic feet (60°F/16°C)

Billion standard cubic meters (32°F/0°C)

Billion

Barrel of oil equivalent

Barrel of oil equivalent per day

Capital Expenditure

Equity including non-controlling interests plus net debt

Standard cubic meters (32°F/0°C)

Current Cost of Supply; inventory holding gains and losses represent the difference between the cost of sales calculated using the current cost of supply and the cost of sales calculated using the weighted average method after adjusting for any changes in valuation allowances in case the net realizable value of the inventory is lower than its cost. In volatile energy markets, measurement of the costs of petroleum products sold based on historical values (e.g. weighted average cost) can have distorting effects on reported results (Operating Result, net income, etc.). The amount disclosed as CCS effect represents the difference between the charge to the income statement for inventory on a weighted average basis (adjusted for the change in valuation allowances related to net realizable value) and the charge based on the current cost of supply. The current cost of supply is calculated monthly using data from supply and production systems at the Downstream Oil level

Central and Eastern Europe

Central European Gas Hub

Standard cubic feet (60°F/16°C)

Cash generating unit

Clean CCS Earnings Per Share is calculated as clean CCS net income attributable to stockholders divided by weighted number of shares

Net income attributable to stockholders, adjusted for the after tax effect of special items and CCS

Operating Result adjusted for special items and CCS effects. Group clean CCS Operating Result is calculated by adding the clean CCS Operating Result of Downstream Oil, the clean Operating Result of the other segments and the reported consolidation effect adjusted for changes in valuation allowances, in case the net realizable value of the inventory is lower than its cost

Clean CCS Return On Average Capital Employed is calculated as NOPAT (as a sum of current and last three quarters) adjusted for the after-tax effect of special items and CCS, divided by average capital employed (%)

Corporate and Other

Expected credit losses

Earnings Per Share; net income attributable to stockholders divided by total weighted average shares

Exploration and Production Sharing Agreement

Equity divided by balance sheet total, expressed as a percentage

European Union

Euro

Fair value through other comprehensive income

Fair value through the statement of profit or loss

Foreign exchange

Gas-to-power

Gross Domestic Product

Net debt divided by equity, expressed as a percentage

Health, Safety, Security, and Environment

International Accounting Standards

International Financial Reporting Standards

Thousand barrels per day

Thousand barrels of oil equivalent

Thousand barrels of oil equivalent per day

Square kilometer

Key Performance Indicator

Austrian Corporate Income Tax Act

Liquefied Natural Gas

Lost-Time Injury Rate per million hours worked

Minute

Million

Mubadala Petroleum and Petrochemicals Holding Company L.L.C

Megawatt

Megawatt hour

Not available

Not meaningful

Non-controlling interests

Intangible assets, property, plant and equipment, equity-accounted investments, investments in other companies, loans granted to equity-accounted investments, total net working capital, less provisions for decommissioning and restoration obligations

Interest-bearing debts including bonds and finance lease liabilities less liquid funds (cash and cash equivalents)

Net operating profit or loss after interest and tax

Natural Gas Liquids; natural gas that is extracted in liquid form during the production of hydrocarbons

Norwegian krone

Net Operating Profit After Tax; Net income
+ Net interest related to financing
– Tax effect of net interest related to financing
NOPAT is a KPI that shows the financial performance after tax, independent of the financing structure of the company.

New Zealand dollar

Other comprehensive income

Österreichische Beteiligungs AG

Organisation for Economic Cooperation and Development

Dividend per share divided by earnings per share, expressed as a percentage

Pearl Petroleum Company Limited

First, second, third, fourth quarter of the year

Return On Average Capital Employed; NOPAT divided by average capital employed expressed as a percentage

Return On Equity; net income/loss for the year divided by average equity, expressed as a percentage

Return On Fixed Assets, EBIT divided by average intangible and tangible assets expressed as a percentage

New Romanian leu

Russian ruble

Sales excluding petroleum excise tax

Special items are expenses and income reflected in the financial statements that are disclosed separately, as they are not part of underlying ordinary business operations. They are being disclosed separately in order to enable investors to better understand and evaluate OMV Group’s reported financial performance

Metric ton

Metric ton of oil equivalent

Total Shareholder Return

Terawatt hour

United Arab Emirates

US dollar