Growth Integration Value Creation CAPP Investment Symposium Steve Douglas, VP Investor Relations December 11th 2012 1
2012 Highlights making steady progress on our commitments Growing oil sands production Record production in Q3 Declining oil sands cash costs 33.35 per bbl in Q3 Delivering economic growth Firebag 4 approximately 10% under…
Canadas premier integrated energy company with an unparalleled resource base and growth opportunities Over 35 years of production at current rates Billions of Barrels of Oil Equivalent Conventional 2.7 Contingent Resources 2P…
Largest reserves in the oil sands monetized through a balanced portfolio of mining, in situ and upgrading * Source: Government of Alberta Suncor properties Suncor- joint venture properties 6 Non-Suncor oil sands properties
Rich suite of upstream growth opportunities capital discipline and balanced growth to optimize value Planned Net Target Capacity kbpd First Oil Firebag 180 Q4 2012 (FB4) Golden Eagle In Flight 16 2014/15 8% annual Hebron 27…
Integrated model to deliver long-term shareholder value low-cost cash flow from conventional assets funds long-life assets 8
Access to global market pricing able to optimize value of our crude oil production Upstream Crude Approximate Production Market Exposure 72% 2% 2% WTI-based prices WTI- 66% based prices 4% mid-stream Oil Sands logistics 92%…
Current and planned market access(1) numerous pipeline projects are in-flight or proposed Enbridge Gateway Project Enbridge Mainline Expansions 2019 estimated in service Enbridge Flanagan South 2013 to 2017 estimated in service…
Oil Sands operations set new production records operational excellence programs driving improved reliability Mine Production Extracted Bitumen Upgraded Production (millions tonnes) (kbpd) (kbpd) 30 600 350 500 300 250 20 400…
In Situ operations leading Suncors growth demonstrated track record of growth In Situ production continues to ramp up 150 Firebag 34% CAGR since 2002 Production (kb/d) 125 MacKay River 100 75 50 25 0 2002 2004…
Refining & Marketing optimizing the oil sands barrel industry leading performance R&M Net Earnings Suncor 20 US dollars per barrel of capacity Top quartile Median of peers 15 Bottom quartile 10 5 0 Q3 Q4 Q1 Q2…
Stable operating costs targeting 35 per barrel or less in oil sands cash operating costs Oil Sands Cash Operating Costs Unscheduled downtime (C/bbl) OPEX U2 Turnaround 60 50 OPEX assuming normal production 40 35/bbl 30 1…
Production overview 92% crude oil production in 2013 2011 Production 2012 Production 2013 Production 2013 percent change Actual Outlook Outlook over 2012 Oil Sands (bpd) 304,700 325,000 340,000 350,000 380,000 +12% Syncrude…
Historical capital spend versus cash flow from operations free cash flow generation 3.0 Cash flow from operations Capital expenditures 2.5 Billions of Canadian Dollars 2.0 1.5 1.0 0.5 0.0 Cash flow from…
Financial strength disciplined and focused strategy to deliver shareholder value Key Financial Metrics Return on Capital Employed 12 Months Ended 12 Months Ended Sep 30, 2011 Sep 30, 2012 Excluding major projects in progress Net…
Delivering shareholder value accelerating return of cash to shareholders Returning Cash to Shareholders 1 Annual dividend raised 18% in Q2 2012 21% dividend CAGR over past five years Share Repurchases Dividends and share…
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