Suncor Investor Information Published February 4th, 2015
Canadas leading integrated energy company Executing on a disciplined strategy to deliver shareholder value Integrated model with secure market access o Maximizing the value of production o Leveraging midstream and downstream assets and…
Profitable portfolio of oil producing assets Growing oil sands business with complementary upstream & downstream operations 3
Suncors capital allocation priorities 4
Disciplined cost management Suncor Capital & Cash Flow from Operations1 C billions Cost discipline Capital budget reduced each of past three years, including 1 CFOPs1 billion in 2015 9.7 9.7 Operating cost reductions of 9.4 600-800…
Financial resilience Credit undrawn facilities As at Dec 31, 2014 C billions Remaining CFOPs1 Cash projected Sustaining 2014 65 & Cash capital spend Capital3 2016 and 20173 Brent2 2015 Equivalents As at Dec 31, 2014…
2015 Capital and production guidance1 2015 Growth Upstream Capital Capital 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…
Financial strength Maintaining a strong balance sheet and spending within our means 2.0x 1.5x Net Debt / CFOPs1 12 months ended 1.0x Dec 31, 2014 Target 0.7x 0.9x 0.5x 0.7x 0.7x Return on capital employed1 0.0x Excluding…
Returning cash to shareholders Significant dividend growth Cash Dividends2 Quarterly dividend increased to 28 cents per Share Repurchases2 share (announced July 30, 2014) Dividend CAGR 25% in past five years1 2.50 Dividend has…
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 69% Refining & feedstock Marketing…
Market access strategy for inland oil production Suncor has over 600 kb/d of near-term access to globally priced markets1 Fort McMurray Current1 Edmonton Existing pipelines and hubs 80+ kb/d rail loading and offloading Montreal…
Leading Technology Development Investing 150 million per year in R&D1 Targeting increased production and profitability while reducing environmental footprint Example: Managing SOR to Optimize In-Situ Performance All mature In Situ…
OEMS A key to Operational Excellence The Operational Excellence Management System (OEMS) requires standards and measures enabling continuously improving performance. When combined with operational discipline, we have the foundation for…
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…
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Oil sands leader With a balanced portfolio of high quality mining, in situ and upgrading1 100% working interest 180 kb/d of planned bitumen capacity2 40.8% working interest Suncor is the operator Joint ownership Fort Hills…
Vast, high quality oil sands deposits 6 6 In Situ Mining Firebag Billions of barrels2 Billions of barrels2 Lewis 4 4 Fort Hills SU WI 40.8% Firebag Audet Meadow 2 Millennium 2 Creek Voyageur SU WI 75% & NSE South…
Growing oil sands production while steadily reducing costs Oil Sands Operations Oil Sands Operations Planned Production kb/d Cash Operating Costs3 C/bbl 39.05 37.05 37.00 410 391 to 33.80 360 30.00 440 to 325 33.00 305…
Oil sands growth maximizes the value of our asset base Debottlenecks, expansions and growth projects are expected to raise total Oil Sands production to 550-590 kb/d before the end of the decade1 Firebag Syncrude Proving out 5-10 kbpd…
Fort Hills ramp-up is tracking key milestones Safety and environmental performance has been positive, all critical schedule milestones have been achieved in 2014 Engineering has surpassed 60% as per plan A majority of long-lead…
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…
Exploration & Production - quality asset base drives value Premium producing properties with opportunities to overcome declines E&P Offshore Operations Suncor E&P advantage Planned Production1 kb/d Low cost production East Coast…
Offshore oil projects with 490 million barrels of 2P reserves1 Terra Nova Hibernia Suncor Energy operated ExxonMobil operated Suncor working interest 37.675% Suncor working interest 20% 60 mmboe 2P reserves (SU WI) 97 mmboe 2P…
Refining & Marketing optimizing the oil sands barrel Consistently leading our peers Operations Integration 15 R&M Net Earnings1 Edmonton 100% oil sands integration Suncor US /bbl of capacity 142 kb/d capacity 35 kb/d heavy…
Opportunities for further integration of refining assets with inland production 2014 Price Realizations and Planned Inland Crude Refinery Crude Costs1 as % of Suncors total crude 140 refining throughput 120 Brent 100% 100…
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