Glossary A ACCAustrian Commercial Code ACCGAustrian Code of Corporate Governance AGMAnnual General Meeting B bblBarrel (1 barrel equals approximately 159 liters) bbl/dBarrels per day bcfBillion standard cubic feet (60 °F/16 °C) bcmBillion standard cubic meters (32 °F/0 °C) bnBillion boeBarrel of oil equivalent boe/dBarrel of oil equivalent per day C CAGRCompounded annual growth rate CAPEXCapital Expenditure capital employedEquity including non-controlling interests plus net debt cbmStandard cubic meters(32 °F/0 °C) 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. CEECentral and Eastern Europe CEGHCentral European Gas Hub cfStandard cubic feet(60 °F/16 °C) CGUCash generating unit Clean CCS EPSClean 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 stockholdersNet income attributable to stockholders, adjusted for the after-tax effect of special items and CCS Clean CCS Operating ResultOperating 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 ROACEThe 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&MChemicals & Materials business segment Co&OCorporate and Other E ECLExpected credit losses EPSEarnings Per Share; net income attributable to stockholders divided by total weighted average shares E&PExploration & Production business segment EPSAExploration and Production Sharing Agreement equity ratioEquity divided by balance sheet total, expressed as a percentage F FVOCIFair value through other comprehensive income FVTPLFair value through the statement of profit or loss FXForeign exchange G G2PGas-to-power GDPGross Domestic Product gearing ratioNet debt divided by equity, expressed as a percentage H HSSEHealth, Safety, Security, and Environment I IASsInternational Accounting Standards IFRSsInternational Financial Reporting Standards K kbbl/dThousand barrels per day kboeThousand barrels of oil equivalent kboe/dThousand barrels of oil equivalent per day km2Square kilometer KPIKey Performance Indicator KStGAustrian Corporate Income Tax Act L leverage ratioNet debt divided by capital employed, expressed as a percentage LNGLiquefied Natural Gas LTIRLost-Time Injury Rate per million hours worked M minMinute mnMillion MPPHMubadala Petroleum and Petrochemicals Holding Company L.L.C. MWMegawatt MWhMegawatt hour N NCINon-controlling interests n.a.Not available n.m.Not meaningful net assetsIntangible 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 net debtInterest-bearing debts including bonds and finance lease liabilities less liquid funds (cash and cash equivalents) net incomeNet operating profit or loss after interest and tax NGLNatural Gas Liquids; natural gas that is extracted in liquid form during the production of hydrocarbons NOPATNet 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 OCIOther comprehensive income OECDOrganisation for Economic Cooperation and Development ÖBAGÖsterreichische Beteiligungs AG P payout ratioDividend per share divided by earnings per share, expressed as a percentage PearlPearl Petroleum Company Limited R R&MRefining & Marketing business segment ROACEReturn On Average Capital Employed; NOPAT divided by average capital employed expressed as a percentage ROEReturn On Equity; net income/loss for the year divided by average equity, expressed as a percentage RRRReserve Replacement Rate; total changes in reserves excluding production, divided by total production S sales revenuesSales excluding petroleum excise tax Special itemsSpecial 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. T tMetric ton toeMetric ton of oil equivalent TSRTotal Shareholder Return TWhTerawatt hour U UAEUnited Arab Emirates Financial Calendar
