2014 ANNUAL GENERAL MEETING Encana Corporation Doug Suttles President & CEO Calgary, May 13, 2014
Executive Leadership Team Sherri Brillon David Hill EVP & Chief Financial EVP, Exploration & Business Officer Development
Executive Leadership Team Terry Hopwood Michael McAllister EVP & General Counsel EVP & Chief Operating Officer
Executive Leadership Team Ryder McRitchie Mike Williams VP, Investor Relations & EVP, Corporate Services Communications
Executive Leadership Team Renee Zemljak EVP, Midstream, Marketing & Fundamentals
Executive Leadership Team
Recapping a year of significant change Comprehensive strategic review Realignment of strategy Organizational restructuring Favorable market response Exciting future for Encana
North Americas Energy Boom Domestic energy production growing at record rates due to innovation Canada and the United States turning into global energy production leaders
North Americas Energy Boom Source: Encana Fundamentals, CAPP, EIA, IHS, DI Desktop, Stats Canada
Importance of Domestic Production
Pillars CORE COMPETENCIES KEY TO SUCCESS
Business Strategy GETTING BACK TO WINNING
Strategy Scorecard
Why the Core Growth Assets Matter Returns 40% Liquids rich and oil assets Running room and scalability - growth potential of 50,000 boe/d Best rocks Diversification of commodity, geography and life cycle
Growing Value, Not Volumes *Illustrative example based on 2014F pre-hedge upstream operating cash flow estimates.
Strategy Progress DELIVERING SUSTAINABLE RESULTS Encana is executing its strategy Unlocking value Growing cash flow Increasing financial strength Lowering cost structures