2012 Annual General Meeting Building Momentum May 7, 2013
A Canadian Energy Pioneer Rich 75-year history, founded in the West Today in Western and Atlantic Canada, United States and Asia Pacific Region with Upstream and Downstream business segments 1938 : 600 boe/day and 20 employees…
Balanced Growth Strategy Delivering Consistent execution driving performance and improving returns Rejuvenating our foundation in Heavy Oil and Western Canada Underpinned by focused integration of our Midstream and Downstream…
Balanced Growth Strategy Delivering Consistent execution driving performance and improving returns Rejuvenating our foundation in Heavy Oil and Western Canada Underpinned by focused integration of our Midstream and Downstream…
Balanced Growth Strategy Delivering Consistent execution driving performance and improving returns Rejuvenating our foundation in Heavy Oil and Western Canada Underpinned by focused integration of our Midstream and Downstream…
Balanced Growth Strategy Delivering Consistent execution driving performance and improving returns Rejuvenating our foundation in Heavy Oil and Western Canada Underpinned by focused integration of our Midstream and Downstream…
Focus on Process Safety Yielding Results 6 5 of Incidents 4 3 2 1 0 2010 2011 2012 Critical & Serious Incidents Per 200k Exposure Hrs 7
Shareholder Return Dividend Yield * 2012 Total Shareholder Return 4.5 30 4 20 3.5 3 10 2.5 0 2 1.5 -10 1 -20 0.5 -30 0 Husky Canadian Peers *As of Mar. 31, 2013 8
Raising The Bar for 2017 2010 Actual 2015 Targets Production (mboe/d) 287 3 5% CAGR Cash Flow from 3.1 billion NA Operations Reserve Replacement 140% 184% Ratio (2) average Return on Capital in Use 8.4% N/A ROCE 6.4% 11…
Raising The Bar for 2017 2010 Actual 2015 Targets 2012 Actual Production (mboe/d) 287 3 5% CAGR 302 Cash Flow from 3.1 billion NA 5.0 billion Operations Reserve Replacement 140% 184% 140% Ratio (2) average Return on Capital…
Raising The Bar for 2017 2010 Actual 2015 Targets 2012 Actual 2017 Targets (1) Production (mboe/d) 287 3 5% CAGR 302 5 8% CAGR Cash Flow from 3.1 billion NA 5.0 billion 6 8% CAGR Operations Reserve Replacement 140% 140% 184%…
Mitigating Volatility Through Focused Integration 10.00 North American Crude Oil Differentials 5.00 0.00 (5.00) (10.00) (15.00) (20.00) (25.00) (30.00) Graph demonstrates actual differentials up to…
Achieving World Market Prices Realized Pricing on Upstream Production Processed 160.00 (December 31, 2012) 140.00 Brent Pricing 120.00 Benchmark Realized Price /bbl 100.00 US Refining 80.00 I&M 60.00 40.00 CDN…
Heavy Oil Transforming the Foundation Thermal Production Development 2012 Achievements Project (bbl/d) Timeline Paradise Hill and Pikes Peak South Pikes Peak 5,000 Producing 1982 thermal projects began production ahead of schedule;…
Western Canada Transforming the Foundation Approximate Net 2012 Total PIIP Production 2012 Achievements Resource Play mmboe* Acres Activity boe/d /section Resource plays produced Established Oil more than 20,000 boe/d by Bakken…
Downstream Increased Throughputs and Reliability 2012 Achievements Downstream Assets Capacity (mbbls/day) Increased Downstream throughput Increased flexibility of feedstock, product mix and market access Achieved 97% capacity…
Growth Pillars
Asia Pacific Gaolan Gas Plant August 2011 February 2013 20
Asia Pacific Gaolan Gas Plant February 2013 21
Asia Pacific Topsides Prepared for Q2 Floatout April 2013 2012 Achievements Liwan Gas Project on track Platform jacket installed on seabed; topsides prepared for Q2 float out Four new discoveries in Madura Strait offshore…
Oil Sands Continuing to Execute February May 2011 May 2013 2011 23
Oil Sands Continuing to Execute October 2012 24
Oil Sands Continuing to Execute April 2013 25
Oil Sands Continuing to Execute Steam Generators 2012 Achievements Sunrise Phase 1 on track for planned first production in 2014 Project approximately two-thirds complete Advanced the engineering of Phase 2 of Sunrise Filed…
Atlantic Region High Netback Production SeaRose FPSO SeaRose FPSO 2012 Achievements Advanced early engineering of West White Rose Successful SeaRose FPSO offstation with return to full production ahead of schedule Fourth well at…
Building Momentum Balanced growth strategy delivering Consistent execution driving performance and improving returns Transforming the foundation Advancing growth pillars 28
Advisories Non-GAAP Measures This document contains certain terms which do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other issuers. These terms…