Wintershall Dea Annual Press Conference 2020

Strong operating performance, a good result: Wintershall Dea reviews the first year of its existence.

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Wintershall Dea: Record production in 2019

Kassel. The Coronavirus has disrupted many things, including Wintershall Dea’s first major press conference. Rather than having journalists present, the company, which merged last year, has live-streamed its Annual Press Conference on the Internet. Wintershall Dea’s first Annual Report is now available online.

The first year of Wintershall Dea following the merger saw the company achieve a strong operating performance: as Europe’s leading gas and oil producer, it produced 642 thousand barrels of oil equivalent (BOE) per day in 2019, which is 9% more gas and oil than Wintershall and DEA’s combined total in 2018 (589 thousand barrels/day).

As an independent gas and oil producer, Wintershall Dea sees itself as the leader in Europe in terms of production and reserves compared with the competition. Its production costs of USD 4.30 per barrel are almost half the industry average, and the company also has high-level reserves (2P) of 3.8 billion BOE. At the current production level, that is equivalent to a reserve range of 17 years.

Early synergy effects of the merger are now making themselves felt, with EUR 100 million in cash synergies already generated in 2019. According to current estimates, this figure will amount to EUR 200 million per year starting in mid-2022. Despite a difficult macroeconomic environment, Wintershall Dea achieved a good 2019 result overall, with EBITDAX of EUR 2.83 billion.

Wintershall Dea made its successful debut on the capital market in autumn 2019. Its inaugural bond placement was oversubscribed almost three times.

APC2020 Downloads

Annual Report 2019

Sustainability Report 2019

Q4 And Full Year 2019 Results: Strong Operational Performance

Q4 and Full Year 2019 Results Presentation – Q&A Transcript

Video Statement

Wintershall Dea CEO Mario Mehren reviews the year 2019 and looks ahead to 2020.

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Statement APC Mehren Wintershall Dea
Video Statement

Wintershall Dea CEO Mario Mehren reviews the year 2019 and looks ahead to 2020.

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Wintershall Dea
Questions & Answers

A recording of the Q&A session after Mario Mehren's statement at the Annual Press Conference 2020.

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Wintershall Dea
Q&A Video APC 2020
Questions & Answers

A recording of the Q&A session after Mario Mehren's statement at the Annual Press Conference 2020.

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Wintershall Dea

642

MBOE/D PRODUCTION IN 2019

70%

GAS PRODUCTION IN 2019

30%

OIL PRODUCTION IN 2019

€2.8

BILLION EBITDAX

Wintershall Dea 2020

From Argentina to Norway, from Russia to Germany – Wintershall Dea is active around the world.

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Wintershall Dea
APC 2020 Wintershall Dea
Wintershall Dea 2020

From Argentina to Norway, from Russia to Germany – Wintershall Dea is active around the world.

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Wintershall Dea

3.8

BN BOE 2P-RESERVES

17

YEARS RESERVE LIFE

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Press Contact
Wintershall Dea Michael Sasse
Wintershall Dea Michael Sasse
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Wintershall Dea/Ingmar Nolting
Michael
Sasse
SVP Corporate Communications
+49 561 301-3301
+49 561 301-1321