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A

ACC

Austrian Commercial Code

ACCG

Austrian Code of Corporate Governance

AGM

Annual General Meeting

B

bbl

Barrel (1 barrel equals approximately 159 liters)

bbl/d

Barrels per day

bcf

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

bcm

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

bn

Billion

boe

Barrel of oil equivalent

boe/d

Barrel of oil equivalent per day

C

CAGR

Compounded annual growth rate

CAPEX

Capital Expenditure

Capital employed

Equity including non-controlling interests plus net debt

CCS/CCS effects/inventory holding gains/(losses)

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 Refining & Marketing level.

CEE

Central and Eastern Europe

CEGH

Central European Gas Hub

cf

Standard cubic feet (60°F/16°C)

CGU

Cash generating unit

Clean CCS EPS

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

Clean CCS net income attributable to stockholders

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

Clean CCS Operating Result

Operating Result adjusted for special items and CCS effects
The Group clean CCS Operating Result is calculated by adding the clean CCS Operating Result of Refining & Marketing, the clean Operating Result of 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 ROACE

The 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 (%).

C&M

Chemicals & Materials business segment

Co&O

Corporate and Other

E

E&A

Exploration & Appraisal

ECL

Expected credit losses

E&P

Exploration & Production, part of Energy business segment

EPS

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

EPSA

Exploration and Production Sharing Agreement

Equity ratio

Equity divided by balance sheet total, expressed as a percentage

ESG

Environmental, Social, and Governance

EV

Electric vehicle

F

FCC

Fluid Catalytic Cracking; an important material conversion process

F&F

Fuels & Feedstock business segment

FVOCI

Fair value through other comprehensive income

FVTPL

Fair value through the statement of profit or loss

FX

Foreign exchange

G

GDP

Gross Domestic Product

GHG

Greenhouse gas

H

HSSE

Health, Safety, Security, and Environment

HVO

Hydrotreated vegetable oil

I

IASs

International Accounting Standards

IEA

Internatioal Energy Agency

IFRSs

International Financial Reporting Standards

IMF

International Monetary Fund

K

kbbl/d

Thousand barrels per day

kboe

Thousand barrels of oil equivalent

kboe/d

Thousand barrels of oil equivalent per day

KPI

Key Performance Indicator

KStG

Austrian Corporate Income Tax Act

L

leverage ratio

Net debt divided by capital employed, expressed as a percentage

LNG

Liquefied Natural Gas

LPG

Liquefied petroleum gas

LTIR

Lost-Time Injury Rate per million hours worked

M

min

Minute

mn

Million

MPPH

Mubadala Petroleum and Petrochemicals Holding Company L.L.C

MW

Megawatt

MWh

Megawatt hour

N

n.a.

Not available

n.m.

Not meaningful

NCI

Non-controlling interests

Net assets

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

Net debt

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

Net income

Net operating profit or loss after interest and tax

NGL

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

NOPAT

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.

O

OCI

Other comprehensive income

ÖBAG

Österreichische Beteiligungs AG

OECD

Organisation for Economic Cooperation and Development

OEM

Original equipment manufacturer

OPEC/OPEC+

The Organization of the Petroleum Exporting Countries (OPEC) and its allies are known as OPEC+

OTC

Over-the-counter

P

Payout ratio

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

Pearl

Pearl Petroleum Company Limited

R

ROACE

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

ROE

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

RRR

Reserve Replacement Rate; total changes in reserves excluding production, divided by total production

S

SAF

Sustainable Aviation Fuel

Sales revenues

Sales excluding petroleum excise tax

Special items

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 the OMV Group’s reported financial performance.

T

t

Metric ton

THE

Trading Hub Europe, German natural gas market trading hub

toe

Metric ton of oil equivalent

TRIR

Total Recordable Injury Rate per million hours worked

TSR

Total Shareholder Return

TTF

The Title Transfer Facility (TTF) is a virtual trading point for natural gas in the Netherlands.

TWh

Terawatt hour

U

UAE

United Arab Emirates

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