Suncor Investor Information Published April 28, 2014 See Advisories section at the end of this presentation.
Canadas leading integrated energy company Executing on a disciplined strategy to deliver shareholder value Integrated model with secure market access o Maximizing the value of production o Leveraging midstream and downstream assets and…
Profitable portfolio of oil producing assets Growing oil sands business with complementary upstream & downstream operations 3
Suncors capital allocation priorities Disciplined approach to maximize returns Optimize base business Focus on operational excellence and continuous improvement Further improve upgrading reliability Rigorously manage sustaining…
Access to global market pricing Able to optimize the value of our crude oil production 80% 69% 20% 89% 4% 7% 20% 4% 96% 0% (1) Based on Suncors crude oil and liquids production volumes for the three months ended…
Market access strategy for inland oil production Suncor has over 600 kb/d of near-term access to globally priced markets1 Inland crude oil capacity accessing world pricing2 Hub - current 142 - 6-12 months kb/d 30 Refinery -…
Technology is fundamental to how we do business Investing over 175 million per year in R&D Targeting increased production and profitability while reducing environmental footprint Illustrative well metrics2 Example: SAGD reservoir…
Working collaboratively on sustainability Broad recognition for sustainability achievements and CSR reporting Industry Leadership Co-founded OSLI (2009), OSTC (2010) and COSIA (2012) Co-founded OSDG (2000) and CEMA (2003)…
Oil sands leader With a balanced portfolio of mining, in situ and upgrading1 100% working interest 180 kb/d of planned bitumen capacity2 40.8% working interest Suncor is the operator Joint ownership Fort Hills Syncrude No…
Vast, high quality oil sands deposits 6 6 In Situ Mining Firebag Billions of barrels2 Billions of barrels2 Lewis 4 4 Firebag Fort Hills SU WI 40.8% Audet 2 Millennium 2 Meadow Voyageur & NSE Creek South SU WI 75%…
Oil sands production increasing; capex and opex decreasing Planned Production1 Capital Expenditures Cash Costs2 kb/d 550-590 millions excluding capitalized interest per barrel 4,271 39.05 37.05 400 - 430 37.00 31.50 - 360 3,381…
Unlocking bitumen and increasing reliability A focus on operational excellence is driving continuous improvement Bitumen from Operations1 Upgraded Production1 Improved Reliability kb/d kb/d Next major turnaround not expected until…
Exploration & Production - quality asset base drives value Premium producing properties with opportunities to overcome declines E&P Offshore Operations Planned Production1 Suncor E&P advantage kb/d 120 East Coast North Sea Low cost…
Offshore oil projects with 490 million barrels of 2P reserves1 Terra Nova Hibernia Suncor operated Exxon operated Suncor working interest 37.675% Suncor working interest 20% Lower cost production 97 mmboe 2P reserves (SU WI) 60…
Refining & Marketing optimizing the oil sands barrel Consistently leading our peers Refinery Integration R&M Net Earnings1 Edmonton 100% oil sands integration Suncor 142 kb/d capacity 35 kb/d heavy feedstock Peers2 Sarnia…
2014 Capital and production guidance1 2014 Sustaining Growth Upstream Capital Capital Capital Production millions millions millions boe/d Oil Sands Operations 2,850 2,270 580 400,000 - 430,000 Oil Sands Ventures 1,600 255 1,345…
Financial strength Maintaining a strong balance sheet and spending within our means 12 months ended Strong cash flow generation leveraged to Brent Mar 31, 2014 Target Consistent leader in free cash flow Return on capital employed1…
Well positioned versus our global competitors Brent oil price required to be free cash flow Many companies in the sector: neutral after capex and dividends2 Face prohibitive F&D costs Are on the reserve 150 replacement treadmill…
Returning cash to shareholders Dividends will be reliable, sustainable, meaningful and competitive Share repurchases will be value-driven Cash Dividends2 Significant dividend growth Share Repurchases2 Over 35% dividend CAGR in past…
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