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Peters and Co 2015 Energy Conference – Husky Energy Inc.

Husky Energy Inc. · Sep 15, 2015 · 14 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. Peters and Co 2015 Energy Conference – Husky Energy Inc. – slide 1
    Peters & Co. 2015 Energy Conference Rob Symonds, SVP Western Canada September 2015
  2. Peters and Co 2015 Energy Conference – Husky Energy Inc. – slide 2
    Balanced Growth Strategy Delivering 2
  3. Peters and Co 2015 Energy Conference – Husky Energy Inc. – slide 3
    Balance Sheet Strength Husky - Debt to Capital Employed 25% Investment grade credit rating 20% Average: 19% S&P: BBB+ Moodys: Baa2 15% DBRS: A (low) 10% Financial flexibility 5% Unused credit facilities: 3.4 billion (Q2…
  4. Peters and Co 2015 Energy Conference – Husky Energy Inc. – slide 4
    Capital Efficiencies Capital Expenditures: 3.0-3.1 Billion 5.1 Capital spending Major projects behind us CDN Billions Corporate Shifting capital towards short payback Downstream opportunities Asia Pacific Dialing back…
  5. Peters and Co 2015 Energy Conference – Husky Energy Inc. – slide 5
    Foundation Transformation Heavy Oil Thermal portfolio continues to expand 22,300 bbl/d in 10 to 54,600 bbl/d in 14 Rush Lake on production, ramping up to 10,000 bbl/d Three more in-flight projects add 24,500 bbl/d of new…
  6. Peters and Co 2015 Energy Conference – Husky Energy Inc. – slide 6
    Foundation Transformation Thermal Portfolio Thermal First Oil Current/ Status Thermal Oil Economics Project Date Forecasted Net Production Rate Metrics Target1 (bbls/d)3 Pikes Peak 1984 3,700 Construction Time 2 years Bolney…
  7. Peters and Co 2015 Energy Conference – Husky Energy Inc. – slide 7
    Foundation Transformation Western Canada 14 base production from Western Canada 146,000 boe/d (62% gas) Resource play production has grown from 14,000 boe/day in 10 to 34,000 boe/day in 14 Current focus: Ansell Cardium/Wilrich…
  8. Peters and Co 2015 Energy Conference – Husky Energy Inc. – slide 8
    Foundation Transformation Downstream Improved flexibility of feedstock Strategic investment in gathering system and storage facilities Increased product mix New capital equipment and upgrades Expanded market access Increased…
  9. Peters and Co 2015 Energy Conference – Husky Energy Inc. – slide 9
    Growth Area Asia Pacific Region Liwan 3-1 and Liuhua 34-2 production start-up Fixed price and volume Q2 2015: 14.50/mmcf Forecast 290-320 mmcf/day (gross) in 2015 Husky 49% working interest Liuhua 29-1 (17-19) Low cost…
  10. Peters and Co 2015 Energy Conference – Husky Energy Inc. – slide 10
    Growth Area Oil Sands Sunrise Energy Project producing Phase 1 ramping up to 60,000 bbls/d (gross) by end of 16 (Husky 50% W.I. / operator) 170 years project life at 60,000 bbls/d Approvals in place for 200,000 bbls/d (gross)…
  11. Peters and Co 2015 Energy Conference – Husky Energy Inc. – slide 11
    Growth Area Atlantic Region Satellite extensions stabilizing production South White Rose Extension on stream (June 15) Peak production of 15,000 boe/day (net) Combines gas injection and oil production to improve returns North…
  12. Peters and Co 2015 Energy Conference – Husky Energy Inc. – slide 12
    Line of Sight to Near-Term Projects Near-term production adds of 85,000 bbls/day (net) Production Projects by end 16 Sunrise Energy Project Phase 1 North Amethyst Hibernia South White Rose Extension 85 Rush Lake Thermal Edam…
  13. Peters and Co 2015 Energy Conference – Husky Energy Inc. – slide 13
    Structural Change Leaving More Capital for Growth 2010 2012 2014 2016 (287 mbbl/d) (301.5 mbbl/d) (340.1 mbbl/d) Forecast Exit Rate 23% 40% 8% 12% Low Sustaining Capital Production* Remainder of Total Production *Low…
  14. Peters and Co 2015 Energy Conference – Husky Energy Inc. – slide 14
    Balanced Growth Strategy Delivering Healthy balance sheet Structural changes and efficiencies have increased resiliency of business and lowered sustaining capital requirements Clear line of sight to production and reserves growth…

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