Legal notice Reserves and resources information is before royalty and as at December 31, 2009. The reserves and resource estimates included herein represent estimates only. There are numerous uncertainties inherent in estimating…
Canadas premier integrated energy company with an unparalleled resource base and growth opportunities What differentiates us Production from continuing operations 90% crude oil in 2011 An unparalleled oil sands resource base,…
Track record of excellence recognition for sustainability achievements and CSR reporting A constituent of the Dow Jones Sustainability Index for 11 consecutive years A member of the FTSE4Good Index since 2001 Named to…
Strategy 1 Rick George President and Chief Executive Officer
One million barrels of oil production by 2020 superior targeted growth rate relative to peers Long term growth Medium term growth * Compound annual growth rate 7
Corporate growth of 8% to 2020 Oil Sands growth of 10% underpinned by Suncor / Total Partnership 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Planned Net Target Oil Sands Capacity kbpd First Oil…
Suncor / Total Strategic Oil Sands Partnership at a glance Joslyn mine 100 kbpd * B Fort Hills mine 164 kbpd ** A 36.75% WI Total operated 40.8% WI Suncor operated Firebag SAGD 200+ kbpd Mackay River SAGD 70+ kbpd 100% WI 100%…
Partnership adds upstream resource, de-risks Voyageur net cash flow benefit of 1.75 billion to Suncor A B Asset Swap Suncor swaps 19.2% of Fort Hills for 36.75% of Joslyn from Total Net to Suncor Suncor is the operator of Fort Hills…
Largest oil sands resource position in the Athabasca with a balance of mined vs in situ bitumen and integration Suncor In-Situ Suncor Mining Syncrude (12% WI) Fort Hills (40.8% WI) Joslyn (36.75% WI) 11
Focused strategy to deliver long term shareholder value low-cost cash flow from conventional assets funds long-life assets We produce natural gas as To provide greater reliability and flexibility to our A staged approach to increasing…
Sustainability strategy supplying energy in a manner that meets the environmental, economic and social expectations of stakeholders Environmental performance Oil sands developer of choice Water management best practices No increase in…
Technology and innovation enhancing our triple-bottom line Next generation tailings technology for new mine operations Tailings Reduction Operations (TROTM) dry tails returned to mine, enabling progressive reclamation at accelerated…
2011 Production outlook 90% crude oil production after targeted divestitures For the complete 2011 outlook please visit www.suncor.com/guidance 15
2011 Capital expenditure outlook 6.7 billion in capital expenditure, 40% growth weighted 2011 Outlook Maintenance Capital Growth Capital Base Non-Recurring Oil Sands 4,180 1,350 750 2,080 Firebag 3 405 - - 405 Firebag 4 875 - -…
Merger exceeds expectations building a strong foundation for the future Final operating synergies run rate of 800 million pre-tax Expect full run rate impact on earnings in 2012 Key initiatives include supply chain optimization,…
Operations overview 2 Steve Williams Chief Operating Officer Rick George President and Chief Executive Officer
Operations reliability through continuous improvement ensure operational integrity and enhance operational performance Relentless pursuit of the basics Implement Operational Excellence Management System, including Process Safety…
Driving performance in In Situ operations Firebag and MacKay River operating performance* * Prior to August 1, 2009 MacKay River operations were owned and operated by Petro-Canada 20
Oil Sands 2011 outlook summary * Oil Sands production, 280 310 kbpd Sales mix % (sweet/sour/bitumen), 47/49/4 Realization on crude sales basket, WTI Cushing less C7.00 8.00 Cash operating cost (ex Syncrude), 39 43/bbl 2.50/bbl…
Driving profitability in Natural Gas portfolio through high-grading assets and shift to unconventional Strategic focus to improve profitability as measured by ROCE High-grading portfolio Sell assets that do not meet return…
Refining & Marketing forecasted to generate 1 billion cash flow in 2011 Refining 443,000 bpd of refining capacity, roughly half of which is capable of handling oil sands feeds Higher than average complexity Current and future…
Opportunity rich International & Offshore portfolio low cost cash flow to fund oil sands growth Provides substantial, low-cost cash flow Lowers average operating cost per barrel of total upstream production Attractive near field…
Maintenance schedule SU Operated Assets * Start Date Duration Planned Non-Operated Assets * Start Date Duration Impact ** 2011 U2 turnaround May 6 wks 215 kbpd White Rose July 3 wks Terra Nova dockside maintenance July 15 wks 25…
Financial outlook 3 Bart Demosky Chief Financial Officer
Financial objectives disciplined and focused strategy to deliver shareholder value 1. Focus on driving shareholder value Targeted sale of non-core assets Drive efficiencies across the organization to lower costs Target ROCE of 15% on…
Financial strength to deliver improving key financial metrics Target to fund medium-term capital spend largely from internally generated cash flows at 85 WTI expect 2012 to 2015 capital expenditure to range between 8.0-9.5B…
Solid financing in place to fund operations and grow 6.3B of available liquidity 29
2011 capex and cash flow outlook 2011 capital program to be funded entirely through internally generated cash flow, proceeds from Total Partnership and other potential asset divestitures Both International & Offshore and Refining…
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