Growth Integration Value Creation Investor Information July 2012 1
Contents Our company and resource 5-8 Oil sands pioneer, ongoing leadership position Strategy 9 - 15 Lower risk, oil sands focused growth Optimized netbacks through forward integration Operations overview 16 - 21 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) Largest reserves in the oil sands* Billions of…
Oil-weighted assets that provide strong cash flow used to fund growth and return cash to shareholders 6
Largest resource base in the oil sands monetized through a balanced portfolio of mining, in situ and upgrading Joslyn Mine Fort Hills Mine Firebag In Situ Suncor 100% Syncrude Mine & Upgrader Mocal 5% FORT MacKAY Murphy 5%…
Oil Sands Base Operations close integration of producing assets Pipeline connections with Firebag 1 Upgraders 1&2, MNU 2 Wapisiw Lookout NSE future (reclaimed tailings pond) 7 expansion 6 NSE 3 Crude oil tank terminal 1 4…
Strategy 1 9
Rich suite of upstream growth opportunities capital discipline and balanced growth to optimize value Planned Net Target Capacity kbpd First Oil Firebag 3 62.5 2011 Firebag 4 62.5 2013 In Flight Golden Eagle 16 2014/15 8% annual…
In situ and mining projects similar full-cycle economics Illustrative Comparison of Standalone Projects In Situ Bitumen Mined Bitumen WTI ( per barrel) 7090 7090 Total Supply Cost ( per barrel) 4555 4555 (initial and sustaining…
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 Approximate Production Market Exposure (1) 69% 4% 4% WTI-based prices WTI- 61% based prices 4% mid-stream logistics Oil Sands…
Technology is fundamental to how we do business success occurs by pursuing multiple opportunities simultaneously Winning in situ technologies (impact base assets) - Surfactant Pilot - Solvent Extraction - Steam-Quality Technology…
Reducing our environmental footprint accountable to clear and measurable goals 15
Operations overview 2 16
Oil Sands operations set new production records operational excellence programs driving improved reliability Mine Production Extracted Bitumen Upgraded Production (millions tonnes) (kbpd) (kbpd) 30 600 350 500 300 250 20 400…
In Situ operations leading Suncors growth demonstrated track record of growth Exceptional portfolio of projects and properties In Situ growth led by Firebag and MacKay River Reliable production at MacKay River and Firebag, 150 MacKay…
Refining & Marketing optimizing the oil sands barrel industry leading performance R&M Net Earnings (1) (US dollars per barrel of capacity) Suncor 20 Top quartile Median of peers (2) Bottom quartile 15 10 5 0 -5 Q3…
Exploration & Production high quality asset base low-cost cash flow supports investment in long-life assets E&P production, cash flow and earnings Conventional low cost production Operating earnings (1) Largely Brent-based pricing…
2012 Production outlook and turnaround summary 90% crude oil production 2011 Production 2012 Production Actual (boe/d) Outlook (boe/d) Oil Sands 304,700 325,000 345,000 Syncrude 34,600 36,000 38,000 North America Onshore 64,700…
Financial outlook 3 22
Stable operating costs targeting 35 per barrel or less in oil sands cash operating costs (1) Oil Sands Cash Operating Costs Unscheduled downtime (C/bbl) OPEX U2 Turnaround OPEX assuming normal 50 production (2) 35/bbl 40 30…
2012 Capital expenditure outlook 7.5 billion in capital expenditure - almost 50% growth focused 2012 Outlook Sustaining Capital Growth Capital Base millions millions millions Oil Sands 5,085 2,885 2,200 Oil Sands Base 1,780…
Financial strength disciplined and focused strategy to deliver shareholder value 1 Net debt under 6 billion (0.6 X cash flow) 2 Return on capital approaching 15% 12 Months Ended 12 Months Ended Return on Capital Employed(1)…
Delivering shareholder value accelerating return of cash to shareholders Returning Cash to Shareholders Dividends and share repurchases per share 1 Annual dividend raised 18% in Q2 2012 21% dividend CAGR over past five years Share…
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