Suncor Investor Information Published February 3, 2014 See Advisories section at the end of this presentation.
Canadas leading integrated energy company Focused on profitable growth and returning cash to shareholders Integrated model o Maximizing the value of production o Leveraging midstream and downstream assets and expertise o Capturing 88%…
Profitable portfolio of oil producing assets Growing oil sands business with complementary upstream & downstream operations Production from Libya is currently shut in. 3
Suncors capital allocation priorities Disciplined approach to maximize shareholder returns Optimize base business Focus on operational excellence and continuous improvement Improve upgrading reliability Rigorously manage sustaining…
A rich suite of profitable growth projects Near term focus on lower cost debottlenecks and expansions 300 Planned Growth1 kb/d increase versus 2013 actuals 250 Mined PFT bitumen2 Conventional offshore crude oil Fort Hills…
Access to global market pricing Able to optimize the value of our crude oil production 75% 62% 25% 86% 12% 1% 24% 12% 88% 1% (1) Based on Suncors crude oil and liquids production volumes for 2013. 6 (2) Includes…
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 - 2013 142 - 2014 kb/d 30 Refinery - 2013 - 2014…
Technology is fundamental to how we do business 175 mm budgeted in 2014 on R&D spending, targeting higher production, enhanced profitability and lower environmental impacts Solvent extraction Membrane de-oiling and water treatment…
Leading technology development Suncor pioneered commercial oil sands development and continues to advance technology through innovation and collaboration to improve efficiencies, lower costs and increase environmental performance Air…
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…
Suncor in situ resource base is unparalleled in the Oil Sands 135 billion in situ barrels1 Suncor has a significant Suncor has high quality in situ resource base in situ properties Larger Firebag Suncor Size2 Lewis…
Oil Sands driving production towards 500 kb/d Oil Sands Operations A focus on operational excellence is Planned Production1 kb/d driving continuous improvement Improved Reliability 95 - 105 Next major turnaround not expected until…
Step change in oil sands production capacity Logistics debottleneck projects have unlocked significant volumes New Logistics Assets Firebag optionality Firebag hot bitumen pipeline Production can either be shipped to base plant for…
Expanding oil sands opportunities with the Fort Hills mine 180 kb/d planned production capacity1 50-years of strong, stable cash flow Late-2017 production start up Fort Hills mining project extends duration of corporate portfolio,…
Exploration & Production high quality asset base Diversified cash flow and exposure to global oil prices E&P Operating earnings per boe1 E&P Cash flow from operations per boe1 50 40 Golden - first oil expected late Hebron - first…
Refining & Marketing optimizing the oil sands barrel Consistently leading our peers Edmonton Refinery (142 kb/d) - 100% oil sands integration R&M Net Earnings1 - 35 kb/d heavy feedstock Sarnia Refinery (85 kb/d) - approximately 75%…
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 Enables Suncor to grow profitably and 12 months ended accelerate return of cash to shareholders Dec 31, 2013 Target 2013 capital spending of 6.8…
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…
Advisories (continued) Operating earnings and cash flow from operations for both Suncor and Suncors Exploration and Production segment are defined and reconciled as follows: (i) for 2013, see Suncors Report to Shareholders dated February…
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