Strategic Building Blocks Near-term Mid-term Long-term 0 2 years 3 5 years 5+ years Upstream Acquisitions Asia Pacific Oil Sands Oil Sands Atlantic Region Regenerate the Western Canada and Heavy Oil foundation Value…
2011 Results 2012 Focus
Delivering Against Targets Production 9% Proven Reserve Replacement Ratio 350 Target 3-5% 200 Target 140% (mboe/day) 300 (%) 150 180% 174% 312.5 287.1 250 200 100 2010 2011 2010 2011 Netbacks 23% ROCE 5.4 %…
Safety Drives Operational Excellence 16 Lost Time Accidents Strong safety performance Number of Annual Lost 12 Time Employee and business results go Accidents 8 hand-in-hand 4 0 2007 2008 2009 2010 2011 3…
Total Shareholder Return vs. Peers 5% 20% 4% 0% 3% -20% 2% -40% 1% 0% -60% Dividend Yield - March 31, 2012 2011 Total Shareholder Return 6
Executing Against the Strategy 7
2011 Results 2012 Focus
Action Plan Western Canada Heavy Oil Reposition to resource plays Start-up two new thermal projects Increase oil and liquids-rich gas production Continue successful horizontal drilling Sustain production levels program…
On Course Increase ROCE by 5 percentage points Grow production 3 - 5 % (CAGR) Deliver proved reserve replacement above 140% Focused on increasing netbacks 1010
Advisories Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by applicable securities laws, the Company undertakes no obligation to update any forward-looking statement to…
Advisories Disclosure of Oil and Gas Information Unless otherwise noted, historical production numbers given represent Husky's share. The Company uses the terms barrels of oil equivalent (boe), which is calculated on an energy…