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Q1 2015 EARNINGS CALL – Suncor Energy Inc.

Suncor Energy Inc. · Apr 29, 2015 · 25 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 1
    Suncor Investor Information Published April 29, 2015
  2. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 2
    Canadas leading integrated energy company Growing oil sands business with complementary upstream & downstream operations 63B enterprise value1 Mar 31, 2015 602 mboe/d 99% oil production Q1 2015 38 years 2P reserve life…
  3. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 3
    Suncors capital allocation priorities 3
  4. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 4
    Profitably monetizing a significant resource Low decline long-life resource base 37 38 year Reserve Life Index2 23.8 billion boe Best Estimate Contingent Resource1 2P basis 4.7 includes Canadas largest oil sands…
  5. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 5
    Vast, high quality oil sands deposits 6 In Situ 6 Mining Firebag Billions of barrels2 Billions of barrels2 4 4 Lewis Fort Hills SU WI 40.8% Firebag Audet Meadow 2 Millennium Creek 2 Voyageur SU WI 75% & NSE…
  6. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 6
    Operational excellence at Suncor Recordable injury frequency Oil Sands inspections compliance Oil Sands operations production Incidents per 200,000 work hours Static & pressure equipment inspections as a kb/d 12-month rolling average…
  7. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 7
    Profitable portfolio of oil producing assets Production outlook1 Cash generation2 800 kb/d C/boe of upstream production Pre-sanction 100 Offshore MSW at Edmonton 600 existing and in flight Oil Price 75 400 Oil Sands 50…
  8. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 8
    Oil sands growth maximizes the value of our asset base Debottlenecks, expansions and growth projects are expected to raise total Oil Sands production to up to 600 kb/d before the end of the decade1 Firebag Syncrude Proving out 5-10…
  9. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 9
    Fort Hills ramp-up is tracking key milestones 2014 safety and environment 2014 progress milestones market pricing 75% engineering 25% construction 5.5B capital cost estimate net to Suncor from project sanction to first…
  10. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 10
    Leading technology development Investing 150 million per year in R&D1 Targeting increased production and profitability while reducing environmental footprint Example: Direct Contact Steam Generation (DCSG) Oxygen-fired DCSG produces…
  11. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 11
    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) External…
  12. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 12
    Integrated operations and access to global market pricing Able to maximize the value of our crude oil production through integration Oil Sands 80% WTI-based prices Offshore and International Upstream Crude Production1 67%…
  13. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 13
    Market access strategy for inland oil production Suncor has over 600 kb/d of near-term access to globally priced markets1 Upgrader Diesel Current1 Edmonton Existing pipelines and hubs 80+ kb/d rail loading and offloading…
  14. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 14
    Refining & Marketing optimizing the value of integration R&M Net Earnings1 Refinery utilization vs. US average 15 US/bbl of capacity Percent of refinery utilization * * Suncor 100% * * 10 Suncor 90% 6.20 6.30 6.27 6.19 *…
  15. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 15
    Disciplined capital and cost management Suncor Oil Sands Capital & cash flow from operations1 Prices and cash operating costs1 C billions C/bbl 100 Oil Sands Average4 CFOPs1 Sales Price 9.7 9.7 9.4 9.1 75 Alberta Benchmark4…
  16. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 16
    Financial resilience Credit undrawn facilities5 C billions Undrawn facilities as at Mar 31, 2015 Hebron & Fort Hills Remaining CFOPs1 Sustaining Cash projected illustrative 2014 capital spend Capital & Cash 2016 &…
  17. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 17
    Returning cash to shareholders 28 Quarterly dividend per share Cash Dividends per share2 Share Repurchases per share2 20% 5-year dividend CAGR1 1.12 1.14 13 years Consecutive dividend increases 0.94 1.07 1.12 Shares…
  18. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 18
    Appendix 18
  19. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 19
    2015 Capital and production guidance1 2015 Capital Growth Capital Upstream Production millions Percent2 boe/d Oil Sands Operations 2,150 2,400 10% 410,000 440,000 Oil Sands Ventures 1,700 1,850 90% 32,000 36,000 Syncrude E&P 1,450…
  20. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 20
    High quality mining, in situ and upgrading oil sands portfolio1 Base Plant Syncrude 350,000 b/d capacity Syncrude operated Suncor working interest 100% 42,000 b/d capacity (SU WI) 1,766 mmbbls 2P reserves Suncor working interest…
  21. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 21
    Offshore oil projects with 470 million barrels of 2P reserves1 Terra Nova Hibernia Suncor Energy operated ExxonMobil operated Suncor working interest 37.675% Suncor working interest 20% 48 mmboe 2P reserves (SU WI) 104 mmboe 2P…
  22. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 22
    Canadas largest refining & marketing business1 Edmonton Refinery Sarnia Refinery 142,000 b/d capacity 85,000 b/d capacity 100% oil sands feedstock 75% synthetic crude oil Commerce City Refinery Montreal Refinery 98,000 b/d…
  23. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 23
    Comparing Typical Attributes of North American Oil Plays1 Tight Oil SAGD Mining Offshore Initial Capital Low Medium High High Reinvestment Cycle Short Medium Ultra long Medium Operating Costs Low Medium High Medium Production…
  24. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 24
    3 Financial strength: A low investment grade rating (Moodys/S&P/DBRS) Total debt to capitalization1 strong balance sheet per cent 25% 24% 26% excess liquidity 20% 22% 22% 22% conservative debt structure 2011 2012 2013 2014…
  25. Q1 2015 EARNINGS CALL – Suncor Energy Inc. – slide 25
    Investor Relations Contacts Steve Douglas Mark Illing Leigh MacComb Vice President IR Manager IR Analyst IR 403 296 6622 403 296 6557 403 296 6639 sdouglassuncor.com millingsuncor.com lmaccombsuncor.com Visit us at the Investor Centre on…

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