OMV

CdH visits in February 2012 the Headquarters of OMV in Vienna. Mag. Manfred Leitner (Member of Board Refining and Marketing) gave the trade delegates a company presentation with special emphasis on the OMV strategy 2021.

With Group sales of EUR 23.32 bn and a workforce of 31,398 employees in 2010, OMV Aktiengesellschaft is one of Austria's largest listed industrial companies. In Exploration and Production, OMV is active in the two core countries Romania and Austria and holds a balanced international portfolio. In Refining and Marketing, OMV has an annual refining capacity of 22.3 mn t and approximately 4,700 filling stations in 13 countries including Turkey.

In Gas and Power, OMV sold approximately 18 bcm of gas in 2010. In Austria, OMV operates a 2,000 km long gas pipeline network with a marketed capacity of around 89 bcm in 2010. With a trading volume of around 34 bcm in 2010, OMV?s gas trading platform, the Central European Gas Hub, is amongst the most important hubs in Continental Europe. OMV further strengthened its position through the ownership of a 97% stake in Petrol Ofisi, Turkey?s leading company in the retail and commercial business.

OMV Strategy 2021: Profitable Growth

In September 2011, the new OMV Executive Board presented a new strategy based on the pillars of "growth - integration - change - performance" in Istanbul: Strategy 2021 "Profitable Growth". In the coming years, OMV will develop into an integrated, international company focused on oil and gas with clearly improved profitability and strong growth in the upstream sector. The upstream business of E&P, the exploration and production of oil and gas, will assume a far more significant role. OMV will also experience strong growth in the gas sector ? from the production and transport to the marketing of gas. The planned Nabucco gas pipeline will connect OMV markets from gas fields in the Caspian Sea region and the Middle East with our downstream markets in Turkey and Romania up to Baumgarten in Austria. From Baumgarten, we can reach all of Europe. Modern gas-fired power plants will complete our portfolio. The R&M (Refinery and Marketing) division will continue to be an important business division, but will be of lesser relative significance in the portfolio. The OMV portfolio will be more focused and the profitability will continue to be enhanced in order to optimally meet the challenges of the future.

The cornerstones of OMV's strategy at a glance:

* Growing upstream
* Integrated gas
* Restructured oil downstream
* Improved performance across the entire group

After the presentation Mr. Leitner was available for the trade delegates for a lively question & answer session.

Sincere thanks are given to Mrs. Mittermair-Weiss (OMV Head of Public Affairs) for the organization of this CdH Business Breakfast and to Mr. Leitner (OMV Executive Board Member R&M) for his impressive presentation.