Suncor Investor Information Published October 29, 2014 Photo: No Net-Loss Lake constructed for Fort Hills project Advisories are provided 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 4
An industry leader in cash generation leveraged to Brent Cash flow from operations (US/boe)1 Free cash flow (US/boe)1 US/bbl 125 Brent 110 100 WCS 75 75 1 3 1 3 2 2 4 1 3 4 2 Rankings 50 5 2 3 47 based on 24 global 2 1 1 peers2…
Access to global market pricing Able to optimize the value of our crude oil production 85% Oil Sands2 WTI-based prices Offshore and International Inland crude 73% Refining3 15% 73% 3% refined product Brent-based prices…
Market access strategy for inland oil production Suncor has over 600 kb/d of near-term access to globally priced markets1 kb/d Coastal Upgrader 30 diesel hub Edmonton 142 kb/d Refinery Rail 30+ Rail 20+ kb/d Rail Montreal…
Leading technology development Investing 150 million per year in R&D1 Targeting increased production and profitability while reducing environmental footprint Automated SAGD service rig TRO Jacking Headers First company to install…
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) External…
Oil sands leader With a balanced portfolio of high quality 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…
Vast, high quality oil sands deposits 6 6 In Situ Mining Firebag Billions of barrels2 Billions of barrels2 Lewis 4 4 Fort Hills SU WI 40.8% Firebag Audet Meadow 2 Millennium 2 Creek Voyageur SU WI 75% & NSE South…
Oil sands production growth; capex and opex discipline Oil Sands Oil Sands Oil Sands Planned Production1 Capital Expenditures2 Cash Operating Costs3 kb/d millions /bbl Fort Hills Oil Sands Operations Maintenance & regulatory 550 -…
Oil sands growth maximizes the value of our asset base Debottlenecks, expansions and growth projects are expected to raise total Oil Sands production to 550-590 kb/d before the end of the decade1 20 kb/d planned Syncrude…
Fort Hills ramp-up is tracking key milestones Engineering and procurement over 50% complete Majority of long-lead orders released to market Several key process vessels fabricated To date, contracted pricing has largely been within…
Comparing Typical Attributes of North American Oil Plays1 Tight Oil SAGD Mining Offshore Initial Capital Low Medium High High Reinvestment Cycle Short Medium Ultra long Medium Operating Costs Low Medium High Medium Production…
Exploration & Production - quality asset base drives value Premium producing properties with opportunities to overcome declines E&P Offshore Operations Suncor E&P advantage Planned Production1 kb/d Low cost production 120 East Coast…
Offshore oil projects with 490 million barrels of 2P reserves1 Terra Nova Hibernia Suncor Energy operated ExxonMobil operated Suncor working interest 37.675% Suncor working interest 20% Lower cost production 97 mmboe 2P reserves (SU…
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 15 Peers2 Sarnia…
Opportunities for further integration of refining assets with inland production 2013 Price Realizations and Planned Inland Crude Refinery Crude Costs1 as % of Suncors total crude 140 refining throughput2 120 Brent 100% 100…
2014 Capital and production guidance1 2014 Sustaining Growth Upstream Capital Capital Capital Production millions millions millions boe/d Oil Sands Operations 2,315 1,995 320 400,000 - 430,000 Oil Sands Ventures 1,530 240 1,290…
Financial strength Maintaining a strong balance sheet and spending within our means Total Debt / 12 months ended 40% Capitalization4 Sep 30, 2014 Target 30% Return on capital employed1 Target Excluding major projects in progress…
Well positioned versus our global competitors Brent oil price required to be cash flow Many companies in the sector: neutral after capex2 Face prohibitive F&D costs Are on the reserve Global Majors3 replacement treadmill 180…
Returning cash to shareholders Significant dividend growth Cash Dividends2 Quarterly dividend increased to 28 cents per Share Repurchases2 share (announced July 30, 2014) Remaining value of Suncors Dividend CAGR 40% in past five…
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