Growth Integration Value Creation Investor Information November 2012 1
Contents Our company and resource 5-9 Oil sands pioneer, ongoing leadership position Strategy 10 - 17 Lower risk, oil sands focused growth Optimized netbacks through integration Operations overview 18 - 24 Operational…
Our company and resource 1 5
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 7
Largest reserves 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% Nexen…
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 NSE 3 Crude oil tank terminal 6 Pit 1 4…
Strategy 2 10
Rich suite of upstream growth opportunities capital discipline and balanced growth to optimize value Planned Net Target Capacity kbpd First Oil Firebag 180 Q4 2012 (FB4) Golden Eagle In Flight 16 2014/15 8% annual Hebron 27…
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 feedstock We produce natural gas as supplies, we…
Access to global market pricing able to optimize value of our crude oil production Upstream Crude Approximate Production Market Exposure (1) 72% 2% 2% WTI-based prices WTI- 66% based prices 4% mid-stream Oil Sands logistics…
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 Winning in situ technologies (impact base assets) - Surfactant Pilot - Solvent Extraction - Steam-Quality Technology - Membrane De-Oiling…
Reducing our environmental footprint accountable to clear and measurable goals ** * The base year for the planned improvements is 2007. The goals were established in 2009 and our business units will be addressing them in the…
Operations overview 3 18
2012 Production outlook 90% crude oil production 2011 Production 2012 Production Actual (boe/d) Outlook (boe/d) Oil Sands 304,700 325,000 340,000 Syncrude 34,600 35,000 36,000 North America Onshore 64,700 52,000 57,000 East…
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) since…
Refining & Marketing optimizing the oil sands barrel industry leading performance R&M Net Earnings (1) (US dollars per barrel of capacity) Suncor Top quartile Median of peers (2) Bottom quartile 15 10 5 0 -5 Q3 Q4…
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…
Exploration & Production Terra Nova Off-Station Program focused on improving Reliability, Safety and Environmental Excellence Three Major Work Scopes Integrated Swivel Turnaround Replacement of water injection swivel, ongoing…
Financial outlook 4 25
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 60 50 OPEX assuming normal production (2) 40 35/bbl…
2012 Capital expenditure outlook 6.7 billion in capital spending Almost 50% growth focused Reduction of 850 million from original plan 2012 Outlook Sustaining Capital Growth Capital millions millions millions Oil Sands 4,610…
Financial strength disciplined and focused strategy to deliver shareholder value Key Financial Metrics Return on Capital Employed(1) 12 Months Ended 12 Months Ended Sep 30, 2011 Sep 30, 2012 Excluding major projects in progress…
Delivering shareholder value accelerating return of cash to shareholders Returning Cash to Shareholders(2) 1 Annual dividend raised 18% in Q2 2012 21% dividend CAGR(1) over past five years Share Repurchases Dividends and share…
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