Suncor Steve Douglas VP Investor Relations Suncor Bank of America Merrill Lynch 2013 Global Energy Conference Miami November 21, 2013 Please see Notes to Slides and Legal Notice on pages 3, 19 and 20
Canadas leading integrated energy company Leading oil sands resource Integrated model Capital discipline Profitable growth plan Sustainable development Proved plus Probable Reserves Contingent Resources2 Over 30 years of…
Profitable portfolio of oil producing assets Growing oil sands business with complementary upstream & downstream operations Fort Joslyn Hills Syncrude Firebag Base Plant MacKay & Millennium River Fort McMurray Circles…
Access to global market pricing Able to optimize the value of our crude oil production Oil Sands4 74% 3 63% 26% 88% 9% 2% 25% 9% 91% 1% 6
Market access strategy for inland oil production Suncor has over 600 kb/d of near-term access to globally priced markets5 Inland crude oil accessing world pricing6 Hub - 2013 140 - 2014 kb/d 30 Refinery - 2013 - 2014 kb/d…
Suncor is uniquely positioned to deliver value and grow Disciplined approach to maximize shareholder returns Operational Excellence Profitable Integrated Capital Growth Operations Discipline 8
Operational Excellence at Suncor 3.5 million hours at oil sands turnaround without lost time injury. Greenhouse gas emissions per barrel at mining cut in half since 1990. Tailings management technology reducing…
Operational excellence is driving cost reduction Continuously reduce cash costs per barrel 9 Reliability Productivity 50 Technology 40 30 /bbl 39.05 37.05 20 33.50 to 31.50 36.50 to 34.50 10 0 2011 2012 2013…
Technology is fundamental to how we do business 175 mm budgeted in 2013 on R&D spending, targeting higher production, enhanced profitability and lower environmental impacts Solvent extraction Membrane de-oiling and water treatment…
Step change in oil sands production capacity Debottlenecks and operational excellence have unlocked significant volumes Firebag optionality Mining unconstrained Upgraders reliability Marketing flexibility 12
2014 Outlook 10 2014 Growth Sustaining Capital Capital Capital Production millions millions millions boe/d Oil Sands 4,450 1,925 2,525 400,000 - 430,000 Oil Sands (bpd) Oil Sands 2,850 580 2,270 Oil Sands Ventures 1,600 1,345…
A rich suite of profitable growth projects Including more than 100 kb/d of debottlenecks and expansions at an estimated cost of 20K 30K per flowing barrel11 and a significant amount of higher-value light oil growth 350 Planned…
Fort Hills Project Overview Fort Hills is recognized as the best undeveloped minable oil sands resource in the Athabasca region14 Suncor is the operator and holds a 40.8% working interest (Total 39.2%, Teck 20%) Best estimate…
Fort Hills is expected to provide long-life cash flow Illustrative Annual Cash Flow Profiles18 for peak production of 73,000 b/d Fort Hills Offshore Tight Oil + - 50 years 16
Strong financial performance Spending within our means Delivering record earnings Cash flow from operations22 Net Earnings Billions 12 2.0 Capital Expenditures Operating Earnings22 10 Billions 1.5 8 6 1.0 4 0.5 2…
Returning cash to shareholders Dividends will be reliable, sustainable, meaningful and competitive Share repurchases will be value-driven 2.50 Dividends and share repurchases Remaining value of Suncors 2.00 Normal Course…
Legal notice (continued) Non-GAAP Measures Certain financial measures in this presentation namely cash flow from operations, cash operating costs, and operating earnings are not prescribed by GAAP. All non-GAAP measures presented…
Suncor Steve Douglas VP Investor Relations Suncor Bank of America Merrill Lynch 2013 Global Energy Conference Miami November 21, 2013 Please see Notes to Slides and Legal Notice on pages 2, 19 and 20
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