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JUNE 2013 INVESTOR UPDATE – Husky Energy Inc.

Husky Energy Inc. · Jun 10, 2013 · 29 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. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 1
    Corporate Presentation June 2013
  2. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 2
    Overview Balanced growth strategy delivering Consistent execution driving performance and improving returns Transforming the foundation Advancing growth pillars 2
  3. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 3
    On Track to Achieve Our Targets 2012-2017 2010 Actuals 2015 Targets 2012 Actuals Target (1) Production 287 3-5% CAGR 301.5 5-8% CAGR (mboe/d) Reserve 155% 140% 140% Replacement 174% 2 year average average Ratio average Return on…
  4. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 4
    2013 Capital and Production Guidance 6 Capital Expenditures (billions) Production (mboe/day) 350 5 4.7 4.8 Forecast range 301.5 mboe/d 300 310 330 mboe/d Midstream/ Downstream/ 4 Corporate Atlantic Region 250 3 Oil…
  5. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 5
    Focused Integration Achieving World Market Prices Realized Pricing on Upstream Production Processed (December 31, 2012) 160.00 Brent Pricing 140.00 Benchmark 120.00 Realized Price /bbl 100.00 US Refining .. 80.00 I&M…
  6. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 6
    Foundation
  7. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 7
    Heavy Oil Advantage Very large resource position Industry-leading infrastructure and integration 70 years of heavy oil recovery experience (30 years for thermal) New technologies and techniques continue to increase recovery…
  8. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 8
    Thermal Projects Pipeline Thermal Production Development Project (bbl/d) Timeline Bolney/Celtic Area Paradise Hill Pikes Peak 5,000 Producing 1982 Bolney Celtic Bolney/Celtic 13,000 Producing 1996 Sandall Rush Lake Pilot…
  9. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 9
    Transforming the Foundation Heavy Oil Thermal Success Name Plate Capital Current Production Intensity F&D Operating Project Production (bbl/d) (/flowing (/bbl) Costs (/barrel) (bbl/d) barrel)* Pikes Peak 8,000 12,400 24,000 12…
  10. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 10
    Transforming the Foundation Western Canada Total 2013 Approximate PIIP Production Resource Play Planned Net Acres mmboe* boe/d Activity /section Established Oil Slater River Bakken 18,000 10 wells Viking 60,000 58 wells Oil 5 -…
  11. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 11
    Liquids Rich Gas: Ansell Ansell Cardium 200 net sections 3 mmboe Total PIIP/section Liquids yield: 60 bbl/mmcf Up to a total of 800 well locations (based on four wells per section) Cardium Ansell Wilrich 195 net sections 3…
  12. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 12
    Emerging Resource Plays Total PIIP per Acres (net) Locations 2012 Activity 2013 Plan Section 400,000 acres 2,500 Continue to de-risk 14 wells drilled Rainbow- Muskwa 600+ net 20 - 30 mmboe 4 wells per Refine completion strategies 4…
  13. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 13
    Downstream Reliability/Flexibility Downstream Assets Capacity (mbbls/day) Lima Increase feedstock and product Lima 160 flexibility Toledo (Husky 50% WI) 65 Kerosene hydrotreater complete; increased flexibility to optimize product…
  14. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 14
    Growth Pillars
  15. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 15
    Liwan Progress Project progressing according to plan Approximately 85% complete Deepwater almost complete Drilling finished; eight wells completed and one completion remains Topsides float over Deepwater pipelines are being…
  16. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 16
    Liwan - Gaolan Gas Plant August 2011 February 2013
  17. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 17
    Liwan - Gaolan Gas Plant February 2013
  18. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 18
    Liwan Development Milestones Milestone Timeframe Action Delineation Q4 2009 Completed FEED Q4 2010 Completed Deep and Shallow Water Tendering Q1 2011 Completed Development Drilling Q2 2011 Completed Lower Completions Q4 2011…
  19. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 19
    Madura Developments Field Production Budget Development Prices Status MDA & 60 mmcf/d gas US120- Two wellhead Expecting Plan of Development (POD) submitted MBH US150MM platforms and pipeline US 6+/mmbtu Upon POD approval AFEs &…
  20. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 20
    Indonesia: Madura Strait Block Developments and Discoveries BD Field has an approved POD and is in the tender phase MDA and MBH fields are being developed in tandem. POD approval pending Four recent discoveries expected to be…
  21. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 21
    Sunrise Energy Project Over 65% complete Large resource base 3.7 billion barrels of 3P reserves1 Sunrise Phase 1 and 2 approvals in place for 200,000 bbl/day (gross) Excellent reservoir quality and oil saturation Cost pressure…
  22. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 22
    Sunrise Milestones Milestone Expected Action Timeframe Drilling spud first horizontal well Q1 2011 Completed Commence major construction Mid-2011 Completed Sunrise May, 2011 Completed ahead of Drilling complete 2nd Half 2012…
  23. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 23
    Atlantic Region Overview Strategy of near-field developments planned North Amethyst Hibernia (2013) South White Rose Extension (2014) West White Rose Extension (2016/17) Near-field opportunities: Northwest White Rose West…
  24. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 24
    South White Rose Extension Project Combined oil production and gas and water injection centre targeting 20 MMBBLS (3P reserves1) of oil (net) Budget: 800 million (net) Milestone Expected Action Timeframe Gas injection Q2 2012…
  25. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 25
    West WestWhite WhiteRose ExtensionProject Rose Extension Project Wellhead Platform Targeting around 80 MMBBLS (3P reserves1) of oil (net) Concept evaluation includes Wellhead Platform Milestone Expected Action Timeframe…
  26. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 26
    Summary Balanced growth strategy delivering Consistent execution driving performance and improving returns Transforming the foundation Advancing growth pillars 26
  27. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 27
    Investor Relations Contacts Rob McInnis Manager Investor Relations +1 403 298 6817 Rob.McInnishuskyenergy.com Justin Steele Investor Relations +1 403 298 6818 Justin.Steelehuskyenergy.com Dan Cuthbertson Investor Relations +1 403…
  28. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 28
    Advisories The Company uses the term barrels of oil equivalent (boe), which are calculated on an energy equivalence basis whereby one barrel of crude oil is equivalent to six thousand cubic feet of natural gas. Readers are cautioned that…
  29. JUNE 2013 INVESTOR UPDATE – Husky Energy Inc. – slide 29
    Resource Play Reserves Summary at December 31, 2012 Proved Reserves Probable Reserves Possible Reserves Resource Play Oungre Bakken 3,034 mbbl 873 mbbl - Redwater Viking 6,480 mbbl 608 mbbl - Alliance Viking 1,984 mbbl 17 mbbl -…

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