OMV Petrol Ofisi A.ġ 1 January 30 Sepember 2012 Interim Operational Report

OMV Petrol Ofisi A.ġ 1 January 30 Sepember 2012 Interim Operational Report

a. Operations of the Company OMV Petrol Ofisi A.ġ. is engaged primarily in the supply and marketing of fuel from domestic and foreign markets, the organization of distribution and storing, additionally the sales of refinery byproducts, the production and blending of all types of grease, lubricants and their by-products, the establishment of blending and production facilities, wholesale and retail sales, import and export of lubricants. The Group has 2,285 dealer stations (Petrol Ofisi A.ġ.: 2,264, Erk: 21), 1 lubricant blending plant, 10 fuel and 3 LPG terminals (Aliağa, Yarımca, Aksaray), Marmara Ereğlisi terminal (joint venture) and 25 aviation supply units. As of September 30, 2012, the number of personnel is 989 (December 31, 2011: 964). The Company is registered in Turkey and the address of the registered office is as follows: Eski Büyükdere Caddesi No: 33 Maslak, 34398, ġiģli / Ġstanbul The shares of the Company are quoted to Ġstanbul Stock Exchange Market (ISE) since 1991. b. Shareholding Structure The shareholding structure of OMV Petrol Ofisi as of September 30, 2012 is presented in the table below. REGISTERED CAPITAL: REGISTERED CAPITAL CEILING: 577,500,000 TL 750,000,000 TL COMPOSITION OF REGISTERED CAPITAL Shareholders TL % OMV Petrol Ofisi Holding A.ġ. 319,949,130.81 55.40 OMV Aktiengesellschaft 240,104,930.10 41.58 Free Float & Others 17,445,939.09 3.02 Total 577,500,000.00 100.00 c. Board of Directors s and Auditors OMV Petrol Ofisi Board of Directors shall consist of at least 6 (six) and maximum 12 (twelve) members elected by the General Assembly of Shareholders. Board of Directors s: Dr. Gerhard ROISS David Charles DAVIES Manfred LEITNER Hans-Peter FLOREN Jacobus Gerardus HUIJSKES Stefan WALDNER Tulu GÜMÜġTEKĠN TERZĠOĞLU Gülsüm AZERĠ Chairman Vice Chairman - CEO Independent Independent OMV Petrol Ofisi Auditors are Ġ. Aydın Günter and Hacı Ġsa Aydoğan. 2

d. Subsidiaries The subsidiaries of the Company and their nature of businesses are as follows: OMV PETROL OFİSİ A.Ş. ERK PETROL PO GAZ İLETİM PO AKDENİZ RA FİNERİSİ PO ARAMA ÜRETİM MARMARA DEPOCULUK 9 9.9 6 % 9 9.7 5 % 9 9.9 9 % 9 9.9 6 % 8 9.9 7 % Fuel Sale LNG Transf er Ref inery Exploration & Production Storage Erk Petrol Yatırımları A.ġ. ( ERK ), which was established in 2003 is engaged in the supply of fuel, petroleum products, LPG and similar products from domestic and foreign markets and their marketing, the organization of distribution and storing, the additional sales of refinery by-products, the production of all types of grease and lubricants and their by-products, blending, establishing blending and production facilities, whole-sales and retail sales, import and export. Petrol Ofisi Gaz Ġletim A.ġ. ( PO Gaz Ġletim ), was established in Turkey in January 2005 for the purpose of functioning in natural gas market, supporting natural gas usage, transmission, filling and delivery in natural gas sector, preparing projects of transportation vehicles and plants, constructing them, operating them, making agreements with the companies active in natural gas sector in Turkey and carrying natural gas, storing and organizing activities for modulation domestically and abroad. Petrol Ofisi Akdeniz Rafinerisi Sanayi ve Ticaret A.ġ. ( Akdeniz Rafinerisi ) was established in June 2007 for building a petroleum refinery in Ceyhan. The refinery licence application of the Company was withdrawn and the Company is operating in aviation sales operations. Petrol Ofisi Arama Üretim Sanayi ve Ticaret A.ġ. ( PO Arama Üretim ) was established in September 2008 to perform exploration, production, development, transportation, marketing, sales activities and offshore and onshore operations of all kinds related but not limited to subsoil industrial raw materials including hydrocarbons, oil, associated and/or non-associated natural gas, carbon dioxide and coal bed in accordance with Petroleum Market Law numbered 6326 and the related legislation. Marmara Depoculuk Hizmetleri Sanayi ve Ticaret A.ġ. ( Marmara Depoculuk ) was established in July 2009 to meet the needs of businesses owned by third parties in bulk and packaged petroleum products and lubricant oil storage and general warehouse management activities in accordance with the Petroleum Market Law and the Petroleum Market Regulation numbered 5015 and its related legislations. e. Company s place in the Sector OMV Petrol Ofisi, Turkey s leading company in the fuel distribution sector. Total of 48 Fuel Distribution Company and 12,446 stations operate in the sector as of end of September 2012. OMV Petrol Ofisi has a share of 18% in all stations with its 2,285 (Petrol Ofisi A.ġ.: 2,264, Erk: 21) stations as of September 30, 2012. Company s sales range of products includes; Gasoline, Gasoil, Auto-LPG, Jet Fuel, Black Products and Lubricants. The Company closed first nine months of 2012 with the market share of 21.9% Gasoline, 25.2% Gasoil, 15.0% Auto-LPG (LPG market share as of July) and 60.7% in Black Products. 3

f. Developments in Production Lubricants is the only product group OMV Petrol Ofisi is produced. The following table shows the production and sale of lubricants performed. Lubricants Production and Sales Volume (ton) 01.01-30.09 2012 01.01-30.09 2011 Production 70.466 70.647 Domestic Sales 65.346 63.329 Export 6.040 5.900 Total Sales 71.386 69.229 g. Commitees OMV Petrol Ofisi A.ġ. Committees & s: Audit Committee Corporate Governance Committee David Charles DAVIES Manfred LEITNER President President In order to comply with the Corporate Governance regulations of the Capital Markets Board; It has been decided that Corporate Governance Committee of the company, currently exists and functioning, shall assume responsibilities and functions of Nomination Committee, Early Recognition of Risk Committee and Remuneration Committee which shall not be constituted in the Company, h. Risk Management Policy Risk management activities of the Company are carried out by the Risk Management Department within the Finance Directorate. Risk Management aims to describe the risks which can negatively affect the Company s objectives, and to establish a system to manage those risks proactively. In this context, risk prioritization study was completed; risk measurement, assessment and control studies have been initiated in coordination with related departments. In order to ensure that risk assessment is efficiently used within the decision making process, the results of these studies are used in the establishment of the strategic processes and for the determination of audit requirements. Moreover, Internal Audit Department analyses the processes to assure the compliance of activities with the rules and regulations and to increase their efficiency; and then assists in providing solutions to mitigate or eliminate risks in coordination with the related departments. Through the regular audit program that is set in line with the risk prioritization study, it assesses the efficiency of internal controls and monitors corrective actions of the related findings. i. Capital Markets Instruments There is no Capital Market Instrument issued in the period between 01.01.2012 and 30.09.2012 j. Other Issues There is no other issue in Financial Tables and Operational Report which could be useful for users. 4

k. Financial Highlights Summary of Balance Sheet ( thousand TL) 30.09.2012 31.12.2011 Current Assets 3.172.508 2,526,562 Non-Current Assets 3.977.894 4,093,473 Total Assets 7.168.986 6,620,035 Current Liabilities 2.060.168 1,509,015 Non-Current Liabilities 3.020.247 3,133,486 Equity Holders of Parent 1.966.166 1,965,373 Non-Controlling Interest 11.660 12,161 Toplam Liabilities & Equity 7.168.986 6,620,035 Summary of Income Statement (thousand TL) 01.01-30.09 2012 01.01-30.09 2011 Sales Revenue 14.893.559 14.339.470 Gross Profit / Loss 639.198 650.930 Operating Profit / Loss 257.410 220.226 Net Profit / Loss for the Period 290-171.260 5