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1 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
OMV Refining & Marketing
Kohlenwasserstoffe – Mehr als Brennstoffe Wien, 14. November 2013
2 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Legal Disclaimer
This presentation is prepared in order to outline our expression of interest. Nothing in this presentation shall be construed to create any legally binding obligations on any of the parties. Neither party shall be obligated to execute any agreement or otherwise enter into, complete or affect any transaction in relation to this presentation.
All figures and information in this presentation are strictly confidential, they are by no means binding and thus indicative only.
© 2013 OMV Aktiengesellschaft, all rights reserved, no reproduction without our explicit consent.
3 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
4 Refineries in Austria, Germany, and Romania
with total capacity ~22 mn t/a
Germany: Burghausen (3.5 mn t ), Bayernoil (4.5 mn t, JV, on sale)
Austria: Schwechat (9.6 mn t)
Romania: Petrobrazi (4.2 mn t)
20% market share in the Danube region
High product quality and environmental standards
Strong retail brand and high-quality, innovative
non-oil business (VIVA)
Active in 13 countries with around 4,400 filling
stations in 2012 (incl. Petrol Ofisi)
Total ~ 3,300 employees
OMV Refining & Marketing as European Company is Supplying over 200 mn People with Energy
OMV filling station network
4 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
The OMV Refining & Petrochemicals Vision & Mission
Our Vision a
We are the most valued manufacturer of fuels and
petrochemicals and enable society’s mobility and economic
prosperity in our markets.
5 | OMV Refining & Marketing, Dr. Alois Virag, Sep. 20th, 2013
Europes ambigious targets potentially plot the future oil demand
Europes Oil Demand [Mtoe]
source: European Commission, EUROPIA 2011 based on IEA and CONCAWE data
2020
• 20 % CO2 reduction
• 20 % energy efficiency
• 20 % renewables
• 10 % renewables in transport
2030
• 40 % CO2 reduction
• 20 % CO2 reduction from transport
• ~ 40 % renewables
• Electrification of urban transport
2050
• 80-95 % CO2 reduction
• 60 % CO2 reduction in transport
estimation
power
fuel & losses non energy & other
industry
buildings
marine
aviation
road & rail
2050 scenarios
286 281239
63
155314
2030
605
2020
654
2009
681
2050 IEA
Blue Map
2050 NPS
extrapol.
EUROPIA
474
6 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
US Households energy use distribution in 2012
Heating, cooling, and warm water are the major energy consumers
source: US Energy Information Administration, 2013
> 50 %
24% 14%
100%
6% 14% Clothes Washers
Lighting
Freezers
Clothes Dryers
Cooking
Refrigeration
Water Heating
Space Heating
Space Cooling
Other Uses
Furnace Fans and Boiler Circulation Pumps
Computers and Related Equipment
Televisions and Related Equipment
Dishwashers
7 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Households energy cost distribution
Share energy costs for all households in Germany
source: BMWi Energiedaten, 20013
61%
68%
67%
14%
10%
10%
67%
59%
9%
15%
24%
100%
2009
26% 2012
2000
2006
25%
2003
23%
23%
Heating & warm water Cooking Lighting & others
8 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Heating insulations are key to increase energy efficiency – crude oil is the basis for that
With our petrochemical products benzene,
ethylene and C5 blowing agent we supply the
complete feedstock portfolio for insulation
materials of the latest generation
Comparison of insulated and non-insulated house
Expanded (EPS) and extruded polystyrene (XPS)
9 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
High efficiency boilers increase energy savings, delivered by high quality sulphur free heating oil Vitatherm
Potential cost reductions by condensing boilers
Energy savings due to new condensing boiler
Results of a survey with 1900 households
source: www.iwo.at source www.iwo.at
51%
more than 40 %
29%
between 20 and 39 %
up to 20 %
20%
0
500
1.000
1.500
2.000
2.500
3.000-40%
consumption [L]
old oil boiles low
temperature
technolgy
condensing
boilers
10 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
The decrease in fuel consumption by optimised engines and optimised fuels although vehicle mass is increasing
Average passenger CO2 emissions are decreasing Vehicle mass is increasing
source: Eckstein, L. et all, ATZ 112 (2010) 788 – 795 source: ICCT “European Vehicle Market Statistics Pocketbook 2013 “
120
130
140
150
160
170
180
190
200
2000 2002 2004 2006 2008 2010 2012
CO2 Emissions
[g/km]
-17%
Sweden
United Kingdom Italy
Germany
EU-27
Austria
400
600
800
1.000
1.200
1.400
1.600
1.985 2.000 2.005 1.995 2.010 1.975 1.980 1.990 1.970
Vehicle Mass
[kg]
year
VW Golf VW Polo VW Passat
11 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Plastics per vehicle [kg]
plastic type
other
polyvinylbutyral
polycarbonates
PE
PVC
ABS
nylon
polyurethanes
polypropylene
As an example, car industry has a strong
interest in due to e-mobility and light
weighting/downsizing
Currently, plastics in vehicles are widely used.
Commodity, engineering, and performance
polymers are applied
E-mobility and light weight vehicles will increase
demand for polymer materials
Today, plastics contribute 10 to 20 % towards cars
weight. 50 % thereof is bases on ethylene,
propylene, and butadiene
Automotive industry demands heavily all kinds of plastics
Global demand growth of linear poly olefins
source: Economics & Statistics, American Chemistry Council, October 2009
source: IHS CMAI 2013
0
30
60
90
120
150
1960 1970 1980 1990 2000
pla
stic
s p
er v
ehic
le [
kg]
24.3%
9.9 %
7.2 % Butadiene
Propylene
Ethylene 5.3 %
12 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Good CEE + Turkey market development for petrochemicals and oil products is underpinned by macro indicators
Average Number of Cars
per Household
Source: JBC Energy, April 2011
>70 mio consumer in total
Car penetration per 1000 people increasing from 102 in 2010
to 123 in 2014 vs. European average of 500
1 Total product demand excl. Biofuels 2 Assuming average household size of 3 people 3 Germany, Japan, UK, Spain, Italy, France, and United States
Mature markets Developing markets
Average car
penetration
of the mature
markets 3
1.48
Nu
mb
er
of ca
rs p
er
ho
use
ho
ld 2
[U
nits/H
H]
50,000 75,000 70,000 65,000 60,000 55,000 20,000 45,000 40,000 35,000 30,000 25,000
0.5
15,000 10,000 5,000 0
1.0
1.5
2.0
0.0
Median
household
income
USD
Turkey
Russia
Romania
Poland
Spain
Czech Republic
Hungary
Italy
United States France
Japan
Germany
India China Brazil
United Kingdom
13 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
high performance
engineering
standard
PE HDPE SAN
PMMA PS
PVC
PC
MPPO PA
PET
PBT
PP
hp
PI
LCP
LDPE
LLDPE
ABS
High purity propylene enables high performance polypropylene, further penetrating the engineered plastics sector
source: Borealis
amorphous semi-crystalline
performance
driven
cost
driven
high performance
engineering
commodity
14 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Refinery Petro-
chemistry
Refining and petrochemicals deliver the building blocks for high performance, high quality polymers and other chemicals
15 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Global linear polyolefin demand (PE and PP) is growing continuously
source: IHS CMAI 2013, pcutrures: Borealis
75
80
85
90
95
100
105
110
115
120
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
16 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
OMV focuses on high value products with growing demand
Market growth 1 2012-21 Products
Market growth 2 2012-21
Naphtha as feedstock for
petrochemical products
1 OMV market growth; diesel and gasoline excl. biofuels. 2 Ethylene and Propylene growth rates based on Regions Western Europe, Central Europe, CIS & Baltic.
Heating
oil -21%
Gasoline -20%
Diesel +7%
Jet +20%
Naphtha +19%
Butadiene +13%
Propylene +6%
Ethylene +5%
Source: JBC Energy (April 2013), IHS CMAI, OMV analysis.
18%
OMV Avg. EU-28
9%
6% 6%
33% 25%
15% 22%
14% 14%
Product Yield 2012
>
=
>
<
=
18 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
OMV’s petrochemical complex
Schwechat Burghausen
FCC plant Metathesis
Ethylene plant Ethylene plant
Butadiene plant (2015)
Butadiene plant (Revamp 2014)
Aromatics Extraction
Propylene/propane
crude C4
Butadiene
Propylene
Benzene rich gasoline cut
Ethylene
Propylene
Ethylene
Butadiene
Propylene
Benzene
Ethylene/Crude c4
crude C4
naphtha
petrol / LPG
naphtha
19 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Total material usage (Crude Oil &
intermediates) in the refinery Burghausen
Since 2008: 4,4 Mn tons
Equalizes increase of more then 25%
New, revamped, and changed units
propylene splitter
cracker furnaces
ethylene unit
tankfarm
logistics & utilities
ethylene pipeline
HDS revamps
coker revamp
metathesis
Burghausen Refineries Total Monomer Concept incl. Europes 1st Metathesis
8
35
229
55
275
33
Yield increase [%]
pet coke
jet
diesel
benzene
propylene
ethylene
20 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Ethane based crackers yield only minor fraction of high molecular/high value petrochemical feedstock
Naphtha Gas condensate Ethane
other
C2-C6
ethylene
C2-C6
other
ethylene
other
ethylene
C2-C6
21 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Unlocking the butadiene potential in Schwechat and Burghausen
Butadiene extension will go on-stream in mid
2014 and mid 2015, respectively.
With these capacity additions, OMV will
contribute 6 % to the total European capacity.
OMVs butadiene production volume
2015
+202%
2014 2012
BGH greenfield SW extension SW current
22 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
Strong business integration and further increased asset utilization
Source: Annual reports, OMV analysis.
Competition 2012 1
OMV 2012
OMV 2015
Competition 2012 1
OMV 2012
OMV 2015
1 OMV’s European competitors: BP Europe, ENI Europe, Exxon Europe, Lotos, MOL, Neste, NIS, Phillips 66 Europe, PKN. Orlen, Repsol Europe, Rompetrol, Shell Europe, Total Europe, Tupras.
E&P Refining
Retail
Petrochemical
Refining
Petrochemicals sales vol.
% of refining capacity
Retail sales vol. % of
refining capacity
Own crude oil % of
refining capacity
Refining
Refinery
utilization rate
>25%
18%
12%
>47%
42%
24%
>13%
10%
6%
~90%
88%
79%
Competition 2012 1
OMV 2012
OMV 2015
Competition 2012 1
OMV 2012
OMV 2015
23 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013
The OMV Refining & Petrochemicals Vision & Mission
Our Vision a
We are the most valued manufacturer of fuels and
petrochemicals and enable society’s mobility and economic
prosperity in our markets.
24 | OMV Refining & Marketing, Markus Maly, 14th Nov. 2013