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Q2 2015 Investor Update – Cenovus Energy Inc.

Cenovus Energy Inc. · Jul 30, 2015 · 8 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. Q2 2015 Investor Update – Cenovus Energy Inc. – slide 1
    July 30, 2015 Strategic update
  2. Q2 2015 Investor Update – Cenovus Energy Inc. – slide 2
    Delivering value in a volatile market Continuing to focus on financial strength Implementing sustainable reductions in our cost structure Returns-focused organic capital allocation to oil sands Continuing to optimize the portfolio
  3. Q2 2015 Investor Update – Cenovus Energy Inc. – slide 3
    Continued focus on financial strength Strong balance sheet 2016E dividend payout ratio Heritage Royalty Limited Partnership (HRP) % of cash flow sale generated 3.3 billion of proceeds 50% 4.9 billion cash on the balance sheet net…
  4. Q2 2015 Investor Update – Cenovus Energy Inc. – slide 4
    Implementing sustainable reductions in our cost structure Top-tier SAGD operating costs /bbl 20 Foster Creek Christina Lake Industry average 15 10 5 0 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Foster Creek Q2 operating…
  5. Q2 2015 Investor Update – Cenovus Energy Inc. – slide 5
    Implementing sustainable reductions in our cost structure Conventional oil operating costs /bbl 25 Cenovus Industry average 20 15 10 5 0 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Conventional oil Q2 operating costs…
  6. Q2 2015 Investor Update – Cenovus Energy Inc. – slide 6
    Implementing sustainable reductions in our cost structure Exceeding initial 2015 cost reduction targets million 500 Additional 2016 opportunities Additional staff reductions 400 Further reduction in costs 300 zero based modules…
  7. Q2 2015 Investor Update – Cenovus Energy Inc. – slide 7
    Returns-focused organic capital allocation Conventional Oil sands & downstream sustaining capital Emerging plays Dividend (20% - 25% of cash flow) FCCL growth Capital Growth projects: allocation Foster Creek/Christina Lake…
  8. Q2 2015 Investor Update – Cenovus Energy Inc. – slide 8
    Continuing to optimize the portfolio Conventional oil & natural gas Cumulative free cash flow Focusing a modest amount of incremental billion capital in SE Alberta and Weyburn (70 MM) 10.0 No plans for spending at Pelican Lake and…

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