Growth Integration Value Creation Investor Information February 2013 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 integration Operations overview 16 - 22 Operational…
Our company and resource 1 5
Canadas premier integrated energy company with an unparalleled resource base and growth opportunities What differentiates Suncor Over 34 years of production at current rates (2) Billions of Barrels of Oil Equivalent Largest…
Profitable portfolio of oil weighted assets centred in oil sands with complementary upstream and downstream operations Circles are scaled to relative capacities. 7
Largest reserves in the oil sands(1) monetized through a balanced portfolio of mining, in situ and upgrading(2) Millennium & North MacKay River In Situ Steepbank Extension Mine 30 kb/d of bitumen capacity 520,000 tonnes per day of…
Strategy 2 9
Rich suite of upstream growth opportunities capital discipline and balanced growth to optimize value Planned Net Expected Production Capacity kbpd Timing 8% annual Firebag Stages 1-4 180 Stage 4 ramping up Golden Eagle In Flight…
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 feedstock supplies, we produce bitumen through mining…
Access to global market pricing able to optimize value of our crude oil production Upstream Crude Market Exposure (1) Production 4% 73% 4% WTI-based prices WTI- 65% based prices 4% mid-stream logistics Inland Western added…
Current and planned market access(1) pipeline projects that are in-flight or proposed Enbridge Gateway Project Enbridge Mainline Expansions 2019 estimated in service Enbridge Flanagan South 2013 to 2017 estimated in service 525…
Technology is fundamental to how we do business up to 200 million invested annually in R&D Promising in situ technologies (impact base assets) - Surfactant Pilot - Solvent Extraction - Steam-Quality Technology - Membrane De-Oiling…
Working collaboratively on sustainability broad recognition for sustainability achievements and CSR reporting Industry Leadership Co-founded OSLI (2009), OSTC (2010) and COSIA (2012) Co-founded OSDG (2000) and CEMA (2003)…
Operations overview 3 16
Production overview greater than 90% crude oil-weighted production expected in 2013 2012 2013 Actual Production Production Outlook Oil Sands (bpd) 325,000 350,000 380,000 Syncrude (bpd) 34,000 34,000 38,000 North America Onshore…
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 production continues to ramp up Reliable and growing production 150 Firebag 34% CAGR(2) 125…
Exploration & Production high quality asset base diversifies cash flow and provides exposure to global pricing E&P production, cash flow and earnings Conventional low cost production Operating earnings (1) Cash flow from operations…
Exploration & ProductionHebron project sanctioned Suncors 4th joint venture mega-project off Newfoundland & Labrador Hebron Project Conceptual rendering of Hebron top sides and fixed gravity ExxonMobil developer and operator based…
Refining & Marketingoptimizing the oil sands barrel industry leading performance R&M Net Earnings (1) (US dollars per barrel of capacity) Edmonton Refinery (140 kb/d) Suncor - 100% oil sands integration -35 kb/d heavy feedstock…
Financial outlook 4 23
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 50 OPEX assuming normal production (2) 40 35/bbl 30…
2013 Capital expenditure outlook 7.3 billion in capital spending 45% growth focused Expect to fund capital spending from cash flow 2013 Outlook Sustaining Capital Growth Capital millions millions millions Oil Sands 4,195 2,960…
Financial strength disciplined and focused strategy to deliver shareholder value Balance sheet discipline Focused on higher capital returns 2011 2012 ROCE Excluding major projects in progress(1) 15 ROCE Including major projects…
Exercising capital discipline generating free cash flow and returning more cash to shareholders Significant free cash flow Significant dividend growth 2013 capital spending of 7.3 billion is expected to be 23% dividend CAGR(2) over…
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