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TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited

Imperial Oil Limited · Jul 11, 2012 · 17 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. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 1
    J 2012 TD Calgary Energy Conference Bruce March
  2. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 2
    Cautionary statement This presentation contains forward-looking information on future production, project start-ups and future capital spending. Actual results could differ materially due to changes in project schedules, operating…
  3. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 3
    Imperial Oil the competitive advantage An investor in Imperial acquires an unmatched set of qualities Track record maximizing shareholder value Premier portfolio of assets High growth trajectory Double production by 2020…
  4. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 4
    ExxonMobil relationship Only publicly traded Canadian company with access to leading global expertise Industry leading technology Project management expertise Best practices transfer Training and development World scale…
  5. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 5
    Solid financial performance Integrated strength reflected in recent results Net income per share (diluted basis) /share 5 2011 1Q12 4 EAT ( millions) 3,371 1,015 3 EAT ( per share) 3.95 1.19 ROCE (%) 25.4 24.9 2 Gross…
  6. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 6
    Industry-leading ROCE Focused on extracting maximum value from every asset Return on capital employed* % 50 IMO 40 IMO competitive advantages Operational excellence 30 HSE Portfolio quality CVE Investment discipline 20…
  7. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 7
    Superior shareholder returns Long term focus delivers high returns to investors Toronto Stock Exchange* Creating Shareholder Value % Dividends 20 IMO S&P/TSX Energy Index Uninterrupted for 130 years Increased 50% since 2006…
  8. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 8
    A premier portfolio Development opportunities are weighted to the oil sands Non-proved resource Proven reserves / non-proved resource* billions oil equivalent barrels Athabasca 14 Syncrude 8.1 GBO mineable oil sands 12 in-situ…
  9. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 9
    Investing in high quality growth opportunities Production doubles by 2020 primarily from liquids Production outlook* kboed 600 new opportunities Primary sources of oil sands growth this decade conventional Kearl 400 Nabiye (Cold…
  10. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 10
    Cold Lake a premier in-situ asset Over 1 billion barrels produced; Nabiye expansion sanctioned Cold Lake production* kbd 200 Nabiye Mahkeses 160 Record 160 kbd production in 2011 Mahihkan 40 kbd Nabiye expansion sanctioned…
  11. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 11
    Cold Lake operations excellence recovery Technology sustains and grows in-situ production Demonstrated recovery at Cold Lake (%) 80 60 Late lifecycle technologies in use Liquid Addition to Steam for Enhanced Recovery (LASER)…
  12. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 12
    Kearl development plan On target to reach 345 kbd by about 2020 71% IOL, 29% ExxonMobil Initial development sanctioned May 2009 110 kbd initially Startup 4Q12 Expansion project sanctioned Dec 2011 110 kbd initially Startup…
  13. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 13
    Kearl a lasting unit cost advantage One of the best undeveloped mining resources Athabasca undeveloped mining resources ore grade (%) Increasing Mining 12.5 Efficiency 12.0 Project status Kearl 92% complete Processing…
  14. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 14
    Current project pipeline A rich portfolio of opportunities PLAN SELECT DEFINE EXECUTE OPERATE West Coast LNG Kearl Mine Mackenzie Gas Kearl Initial Cold Lake Debottleneck Development Liquid Addition Kearl Plant Chemically to…
  15. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 15
    Sustained financial discipline Balance sheet remains strong throughout growth cycle Debt to capital % 50 AAA balance sheet supports Business cycle resilience 40 Pursuit of opportunities 70/bbl 35-40 billion investment this 30…
  16. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 16
    For more information www.imperialoil.ca For more detailed investor information, or to receive annual and interim reports, please contact: John A. Charlton Manager, Investor Relations Imperial Oil Limited 237 Fourth Avenue SW Calgary,…
  17. TD CALGARY UNCONVENTIONAL ENERGY CONFERENCE – Imperial Oil Limited – slide 17
    Oil sands technical leadership Over half a century of innovation and unmatched research capability In-situ Mining Field 1966 1978 1982 1990 2000 2005 2007 2013 201x Pilots CSS Produced SAGD 3D seismic Infill LASER CSP HT-PFT CIMA…

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