Suncor Investor Information Published July 30, 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 4
An industry leader in cash generation leveraged to Brent Cash flow from operations (US/boe)1 Free cash flow (US/boe)1 US125 Brent 110 100 WCS 75 75 2 1 1 18 4 4 1 4 2 Rankings 50 7 7 2 2 48 based on 24 global 2 1 1 peers2 25 4…
Access to global market pricing Able to optimize the value of our crude oil production 79% 69% 21% 81% 0% 10% 12% 0% 100% 9% (1) Based on Suncors crude oil and liquids production volumes for the three months…
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 Produced Water Treatment Pilot Water Technology Development Centre Expansion…
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 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 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 -…
Unlocking bitumen and increasing reliability A focus on operational excellence is driving continuous improvement Bitumen from Operations1 Upgraded Production1 Improved Reliability 12-month moving average kb/d 12-month moving average…
Fort Hills ramp-up is tracking key milestones Engineering and procurement nearing 50% Illustrative annual cash flow profile Majority of long-lead orders released to market for peak production of 73,000 b/d1 Several key process vessels…
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 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 20 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 Jun 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 Quarterly dividend increased by 22% in July 2014 Cash Dividends2 Significant dividend growth Share Repurchases2 Quarterly dividend increased to 28 cents per Remaining value of Suncors share (announced…
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