35 – Related parties Index333435363738 Under IAS 24, details of relationships with related parties and related enterprises not included in consolidation must be disclosed. Enterprises and individuals are considered to be related if one party is able to control or exercise significant influence over the business of the other. Österreichische Beteiligungs AG (ÖBAG), Vienna, holds an interest of 31.5% and Mubadala Petroleum and Petrochemicals Holding Company L.L.C., (MPPH) Abu Dhabi, holds an interest of 24.9% in OMV Aktiengesellschaft; both are related parties under IAS 24. In 2021, there were following arm’s-length supplies of goods and services (including the granting of licences for the use of technologies of the Group) between the Group and equity-accounted companies, except for gas purchases from OJSC Severneftegazprom which are not based on market prices but on cost plus defined margin. (XLSX:) Download Transactions with equity-accounted investments – Sales and Receivables In EUR mn 2021 2020 Sales and other income Trade receivables Sales and other income Trade receivables Abu Dhabi Oil Refining Company 3 2 4 1 Abu Dhabi Polymers Company Limited (Borouge) 108 40 16 22 ADNOC Global Trading LTD 3 1 1 1 Bayport Polymers LLC 6 1 2 1 Borealis AG — — 897 — Borouge Pte. Ltd. 331 71 40 37 EEX CEGH Gas Exchange Services GmbH 1 0 1 0 Erdöl-Lagergesellschaft m.b.H. 43 0 51 0 GENOL Gesellschaft m.b.H. 124 17 93 13 Kilpilahden Voimalaitos Oy 4 0 0 0 Société d’Intérêt Collectif Agricole par Actions Simplifiée de Gouaix (SICA de Gouaix) 1 — — — Société d’Intérêt Collectif Agricole Laignes Agrifluides (SICA Laignes Agrifluides) 7 1 — — Trans Austria Gasleitung GmbH1 4 — 10 1 Total 635 134 1,116 78 1 Trans Austria Gasleitung GmbH was sold as of May 31, 2021, as part of the Gas Connect Austria disposal group. (XLSX:) Download Transactions with equity-accounted investments – Purchases and Payables In EUR mn 2021 2020 Purchases and services received Trade payables Purchases and services received Trade payables Abu Dhabi Polymers Company Limited (Borouge) 7 — 0 — Borealis AG — — 31 — Borouge Pte. Ltd. 494 108 51 64 Chemiepark Linz Betriebsfeuerwehr GmbH1 4 0 1 0 Deutsche Transalpine Oelleitung GmbH 29 2 27 2 EPS Ethylen-Pipeline-Süd GmbH & Co KG 3 — 2 — Erdöl-Lagergesellschaft m.b.H. 81 63 68 27 GENOL Gesellschaft m.b.H. 0 — 1 — Kilpilahden Voimalaitos Oy 74 — 0 0 Neochim AD2 10 0 0 — OJSC Severneftegazprom 127 14 133 12 PetroPort Holding AB 3 0 1 0 Trans Austria Gasleitung GmbH3 11 — 23 2 Total 843 188 338 106 1 Chemiepark Linz Betriebsfeuerwehr GmbH was reclassified to held for sale in 2021, as part of the nitrogen business unit of Borealis. 2 Neochim AD was reclassified to held for sale in 2021, as part of the nitrogen business unit of Borealis. 3 Trans Austria Gasleitung GmbH was sold as of May 31, 2021, as part of the Gas Connect Austria Disposal Group. (XLSX:) Download Dividend distributed from equity-accounted investments In EUR mn 2021 2020 Abu Dhabi Petroleum Investments LLC — 5 Abu Dhabi Polymers Company Limited (Borouge) 1,876 — Bayport Polymers LLC 21 21 Borealis AG — 108 Borouge Pte. Ltd. 42 — Deutsche Transalpine Oelleitung GmbH 1 1 EEX CEGH Gas Exchange Services GmbH 1 1 OJSC Severneftegazprom 17 14 Pearl Petroleum Company Limited 30 25 Società Italiana per l’Oleodotto Transalpino S.p.A. 1 1 Trans Austria Gasleitung GmbH1 9 16 Dividend distributed from equity-accounted investments 1,999 191 1 Trans Austria Gasleitung GmbH was sold as of May 31, 2021, as part of the Gas Connect Austria Disposal Group. (XLSX:) Download Other balances with equity-accounted investments In EUR mn 2021 2020 Kilpilahden Voimalaitos Oy 18 17 Bayport Polymers LLC 987 736 Renasci N.V. 12 — SMATRICS GmbH & Co KG1 — 2 Loan receivables 1,017 754 Kilpilahden Voimalaitos Oy 12 13 Renasci N.V. 10 — Neochim AD2 — 3 Advance payments 22 16 Freya Bunde-Etzel GmbH & Co. KG 8 7 Other receivables 8 7 Abu Dhabi Polymers Company Limited (Borouge) 8 1 Bayport Polymers LLC 7 7 Contract assets 16 7 C2PAT GmbH & Co KG 1 — Bayport Polymers LLC — 143 Other payables 1 143 Contract liabilities Erdöl-Lagergesellschaft m.b.H. 120 144 1 SMATRICS GmbH & CO KG was sold as of September 30, 2021. 2 Neochim AD was reclassified to held for sale in 2021, as part of the nitrogen business unit of Borealis. The loan receivables (including the related accrued interests) towards Bayport Polymers LLC stemmed from drawdowns under a member loan agreement with a total value of EUR 1,236 mn. The undrawn financing commitments provided to Bayport Polymers LLC amounted to EUR 251 mn as of December 31, 2021 (December 31, 2020: EUR 407 mn). At the reporting date, financing commitments towards Kilpilahden Voimalaitos Oy amounted to EUR 16 mn (December 31, 2020: EUR 16 mn). The entitlements are dependent on the fulfilment of specific events, as defined in the underlying contracts. At year end 2021, the Group had further financing commitments to grant a convertible loan towards Renasci N.V. amounting to EUR 12 mn. The entitlements are dependent on the fulfilment of certain conditions of utilisation, as defined in the underlying contract. The contract liabilities towards Erdöl-Lagergesellschaft m.b.H. are related to a long-term contract for rendering of services. In 2020 the other payables towards Bayport Polymers LLC were related to an equity contribution. Government-related entities Based on the OMV ownership structure, the Republic of Austria has an indirect relationship with OMV via ÖBAG and is therefore, together with companies in which the Republic of Austria is a majority shareholder, considered a related party. OMV has transactions at arm´s length in the normal course of business mainly with Österreichische Post Aktiengesellschaft, VERBUND AG, Österreichische Bundesbahnen-Holding Aktiengesellschaft, Bundesbeschaffung GmbH and their subsidiaries. As per May 31, 2021 OMV closed the transaction to sell its 51% stake in Gas Connect Austria to VERBUND AG. For more details see Note 3 – Changes in group structure. Moverover, as per September 30, 2021 OMV finalized the sale of its 40% share in SMATRICS GmbH & Co KG and its 40% share in E-Mobility Provide Austria GmbH to VERBUNDAG. Furthermore, OMV founded together with Lafarge Perlmooser GmbH and VERBUND Energy4Business GmbH a joint venture for the joint planning and construction of a full-scale plant by 2030 to capture CO2 and process it into synthetic fuels, plastics and other chemicals. Additionally, OMV and VERBUND AG have a cooperation agreement related to the photovoltaic plant in Lobau, Austria. In 2020 the strategic energy cooperation between OMV and VERBUND AG have started up the ground-mounted photovoltaic plant in Schönkirchen-Reyersdorf, Austria. Via MPPH, OMV has an indirect relationship with the Emirate of Abu Dhabi, which is, together with the companies under control of Abu Dhabi also considered a related party. In 2021, there were supplies of goods and services for instance to Compañía Española de Petróleos, S.A. (CEPSA), Abu Dhabi National Oil Company (ADNOC), NOVA Chemicals Corporation (NOVA) and ADNOC Trading Limited. On October 29, 2020 OMV acquired an additional 39% share in Borealis AG from Mubadala Investment Company (Abu Dhabi). Furthermore, OMV cooperates with ADNOC in several Exploration & Production arrangements and closed strategic equity partnerships with ADNOC covering both the ADNOC Refining business and a Trading Joint Venture. Key management personnel compensation (XLSX:) Download Remuneration received by the Executive Board In EUR mn 2021 active members of the Executive Board as of December 31, 2021 former members of the Executive Board Stern3 Pleininger Florey Skvortsova van Koten7 Seele8 Gangl9 Leitner12 Total Short term benefits 0.69 1.77 1.77 1.38 0.30 2.55 0.65 — 9.12 Fixed (base salary) 0.69 0.75 0.76 0.58 0.29 1.10 0.14 — 4.30 Fixed (one-off payment) — — — 0.545 — — — — 0.54 Variable (cash bonus)1 — 1.01 0.97 0.16 — 1.44 0.50 — 4.09 Benefits in kind 0.01 0.01 0.054 0.106 0.01 0.01 0.00 — 0.20 Post employment benefits 0.18 0.19 0.19 0.14 0.07 0.28 0.03 — 1.08 Pension fund contributions 0.18 0.19 0.19 0.14 0.07 0.28 0.03 — 1.08 Termination benefits — — — — — — 0.0210 — 0.02 Share based benefits — 1.09 0.90 0.11 — 2.48 0.20 0.41 5.17 Variable (Equity Deferral 2020) — 0.32 0.27 0.11 — 0.40 0.20 — 1.30 Variable (LTIP 2018)2 — 0.76 0.63 — — 2.08 —11 0.41 3.88 Remuneration received by the Executive Board 0.87 3.05 2.86 1.63 0.37 5.31 0.90 0.41 15.39 1 The variable component relates to target achievement in 2020, for which bonuses were paid out in 2021 and included 50% of the cash payments due in 2020 under the Annual Bonus 2019 for the active Executive Board members in 2020 which were postponed to January 2021. 2 Including 50% of the cash payments due in 2020 under the LTIP 2017 for the active Executive Board members in 2020 (for the cash portion, if applicable) which have been postponed to January 2021. 3 Alfred Stern joined the Executive Board effectively April 1, 2021. 4 Including schooling costs and related taxes 5 Elena Skvortsova received a one-off payment in settlement of the variable remuneration demonstrably forfeited as a result of her move from Linde Group to OMV AG. 6 Including moving and rental costs and related taxes 7 Martijn van Koten joined the Executive Board effectively July 1, 2021. 8 Rainer Seele resigned from the Executive Board effectively August 31, 2021 and his contract ends on June 30, 2022. 9 Thomas Gangl resigned from the Executive Board effectively March 31, 2021. 10 Thomas Gangl received an annual leave compensation payment amounting to EUR 0.02 mn. 11 Thomas Gangl received a cash payment in the amount of EUR 0.11 mn based on the Senior Manager LTIP 2018. 12 Manfred Leitner resigned from the Executive Board effectively June 30, 2019. (XLSX:) Download Remuneration received by the Executive Board In EUR mn 2020 active members of the Executive Board as of December 31, 2020 former members of the Executive Board Seele Pleininger Florey Gangl6 Skvortsova8 Leitner10 Davies11 Roiss12 Total Short term benefits 2.27 1.34 1.30 0.79 0.50 1.12 — — 7.33 Fixed (base salary) 1.10 0.75 0.70 0.58 0.31 — — — 3.44 Fixed (functional allowance) 0.333 — — — — — — — 0.33 Variable (cash bonus)1 0.83 0.58 0.56 0.20 — 1.12 — — 3.29 Benefits in kind 0.01 0.01 0.054 0.01 0.199 — — — 0.27 Post employment benefits 0.28 0.19 0.18 0.14 0.08 — — — 0.86 Pension fund contributions 0.28 0.19 0.18 0.14 0.08 — — — 0.86 Share based benefits 0.90 0.52 0.53 0.10 — 0.82 0.06 0.27 3.20 Variable (Equity Deferral 2019) 0.41 0.29 0.28 0.10 — 0.28 — — 1.35 Variable (LTIP 2017)2 0.49 0.24 0.255 —7 — 0.55 0.06 0.27 1.85 Remuneration received by the Executive Board 3.45 2.05 2.01 1.03 0.58 1.94 0.06 0.27 11.39 1 50% of the cash payments due in 2020 under the Annual Bonus 2019 for the active Executive Board members were postponed to January 2021. 2 50% of the cash payments due in 2020 under the LTIP 2017 for the active Executive Board members (for the cash portion, if applicable) have been postponed to January 2021. 3 Rainer Seele received a payment for the interim responsibility for “Marketing and Trading” until February 28, 2020. 4 Including schooling costs and related taxes 5 Including 50% of LTIP 2017 cash payments and additional value of transferred shares to fulfill the shareholding requirement. 6 Thomas Gangl joined the Executive Board effectively July 1, 2019. 7 Thomas Gangl received a cash payment in the amount of EUR 0.06 mn based on the Senior Manager LTIP 2017. 8 Elena Skvortsova joined the Executive Board effectively June 15, 2020. 9 Including moving and rental costs and related taxes 10 Manfred Leitner resigned from the Executive Board effectively June 30, 2019. 11 David C. Davies resigned from the Executive Board effectively July 31, 2016. 12 Gerhard Roiss resigned from the Executive Board effectively June 30, 2015. (XLSX:) Download Remuneration received by top executives (excl. Executive Board)1 In EUR mn 2021 2020 Salaries and bonuses 25.8 19.0 Pension fund contribution 1.3 1.1 Other post-employment benefits including termination benefits 2.2 0.4 Share-based benefits 3.5 3.7 Other long term benefits 1.8 0.0 Remuneration received by top executives (excl. Executive Board)2 34.6 24.2 1 In 2021 there were on average 43 top executives (2020: 40) based on the months of service in the Group. 2 Including remuneration of Alfred Stern and Martijn van Koten in their function as Executive Board members in Borealis Group The members of the Executive Board and the members of the Supervisory Board are covered by directors and officers liability insurance (D&O) and criminal legal expenses insurance. A large number of other OMV employees also benefit from these two forms of insurance, and the insurers levy lump-sum premiums, which are not specifically attributed to the Board members. See Note 32 – Shared based payments – for details on Long Term Incentive Plans and Equity Deferral. In 2021, remuneration expenses for the Supervisory Board amounted to EUR 0.6 mn (2020: EUR 0.6 mn). schließen IASs International Accounting Standards schließen ÖBAG Österreichische Beteiligungs AG schließen MPPH Mubadala Petroleum and Petrochemicals Holding Company L.L.C 34 – Expenses Group auditor36 – Unconsolidated structured entities
