Growth Integration Value Creation Investor Information November 2011 1
Contents Our Company and Resource 5-7 Oil sands pioneer, ongoing leadership position Our Strategy 8 - 13 Lower risk, oil sands focused growth Optimized netbacks through forward integration Our Operations 14 - 18 Operational…
Canadas premier integrated energy company with an unparalleled resource base and growth opportunities What differentiates Suncor Over 35 years of production at current rates (1) Billions of Barrels Largest reserves in the oil…
Oil-weighted assets that provide strong cash flow supports our integrated strategy and funds growth 6
Largest reserves in the oil sands monetized through a balanced portfolio of mining, in situ and upgrading Joslyn Mine Fort Hills Mine FORT MacKAY Suncor properties Suncor-Total Joint Venture Suncor- joint properties…
Targeting one million boe/d production by 2020 superior growth rate relative to peers Proven and anticipated long-term production growth Medium-term growth Total production CAGR* of 10% 2000 to 2020e Anticipated production CAGR* vs.…
Leveraging known resources for lower risk growth Suncor / Total JV underpins oil sands expansion Planned Net Target 2012 2015 2018 2013 2014 2016 2017 2019 2020 2011 Capacity kbpd First Oil Oil…
Integrated model to deliver long-term shareholder value low-cost cash flow from conventional assets funds long-life assets To provide greater reliability and flexibility to our We produce natural gas as feedstock supplies, we…
Access to global market pricing able to optimize value of our crude oil production Upstream Crude Downstream Approximate Production Refining Market Exposure (1) Feedstock 73% 7% WTI-based WTI- 66% prices based prices Oil…
Generating profit across the value chain integration creates natural hedge against price and differential movement Substantial value uplift in The value of Suncors integrated oil each stage of integration 140 sands and refining…
Technological innovation improving economics and reducing environmental footprint Tailings Reduction OperationsTM TRO - Tailings Reduction OperationsTM are expected to reduce land use and speed land reclamation Innovative…
Oil Sands operations achieve record third quarter production improved reliability has resulted in rising output Mine Production Extracted Bitumen Upgraded Production (millions tonnes) (kbpd) (kbpd) 350 600 300 500 250 20 400…
Driving performance in In Situ operations Firebag and MacKay River lead growth portfolio Exceptional portfolio of projects and properties In Situ growth led by Firebag and MacKay River Firebag 4-6, MacKay River 2, Meadow Creek, Lewis,…
Refining & Marketing delivering record earnings industry leading performance, 2 billion cash flow from operating activities YTD R&M Net Income (1) (US dollars per barrel of capacity) Suncor Imperial Oil 25 Top quartile of peers…
Exploration & Production generating powerful earnings low cost operations, 2 billion cash flow from operations YTD Conventional low cost E&P production, cash flow and earnings production Operating earnings (1) Largely Brent-based…
2011 Production outlook and turnaround summary 87% crude oil production 2011 Outlook Production (boe/d) Oil Sands 300,000 310,000 Syncrude 35,000 37,000 North America Onshore 63,000 67,000 East Coast Canada 64,000 70,000…
Superior cash flow generation maximizing shareholder returns Suncor is generating record cash flow on both an absolute and per share basis Cash flow from operating activities Suncor cash flow from operating activities Suncor versus…
Stable operating costs targeting 35 per barrel or less in oil sands operating costs (1) Oil Sands Cash Operating Costs Unscheduled downtime (C/bbl) U2 Turnaround OPEX 50 OPEX assuming normal 35/bbl production (2) 40 30 1…
2011 Capital expenditure outlook 6.7 billion in capital expenditure 40% growth weighted 2011 Outlook Maintenance Capital Growth Capital Base Non Recurring millions millions millions millions Oil Sands 4,555 1,460 670 2,425 Oil…
Financial strength disciplined and focused strategy to deliver shareholder value 1 Shareholder value creation Return on investment including reinvested dividends 2 Strong balance Sheet Suncor Energy 3,687 S&P 500 3 Financial…
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