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October 2016 Investor Presentation – Suncor Energy Inc.

Suncor Energy Inc. · Oct 31, 2016 · 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. October 2016 Investor Presentation – Suncor Energy Inc. – slide 1
    Cover Photograph Fort Hills overburden removal Investor Information Published October 2016
  2. October 2016 Investor Presentation – Suncor Energy Inc. – slide 2
    2 Suncor investment thesis Growth from inflight projects Cash generation upside sensitivity Production1 increase Benchmarked off YTD 2016 3623M CFOPs3 and 41.80 US realized Brent pricing, (mbpd) 0.76 C/US, US13.95 NYH crack spread…
  3. October 2016 Investor Presentation – Suncor Energy Inc. – slide 3
    3 Suncor value proposition Operational excellence Optimizing the base business safety as a core value industry leading reliability disciplined cost management leader in sustainability Capital discipline Rigorous capital…
  4. October 2016 Investor Presentation – Suncor Energy Inc. – slide 4
    4 Strong production growth through the end of the decade Suncors production growth forecast1 (mbpd) Hebron 800 E&P 700 600 Syncrude 500 Fort Hills 400 Base Oil Sands 300 Firebag MacKay 200 Base Mine 100 Major Oil…
  5. October 2016 Investor Presentation – Suncor Energy Inc. – slide 5
    5 Generating discretionary free cash flow1 Cash flow from operations consistently exceeds sustaining capex, capitalized interest and dividends 2 (C billions) 2012 2013 2014 2015 2016 E3 2017 E2 WTI USD4 94.20 97.95 93.00…
  6. October 2016 Investor Presentation – Suncor Energy Inc. – slide 6
    6 Exceeding cost reduction expectations Operating, selling and general expenses C billions Expected to exceed 2016 target 1.3B reduction 9.5 9.4 400M 9.0 1B 8.6 500M 8.1 Syncrude additions (COS/Murphy) 2014 2015…
  7. October 2016 Investor Presentation – Suncor Energy Inc. – slide 7
    7 Oil Sands cash operating costs declining Oil Sands operations cash operating costs1 C/bbl Cost reduction focus areas 37.00 Operational Improved reliability, increased scale, 33.80 maintenance planning, energy inputs…
  8. October 2016 Investor Presentation – Suncor Energy Inc. – slide 8
    8 Driving down cost through continuous improvement Significant in situ drilling and downhole pump maintenance cost reductions Pacesetting drilling improvements Firebag drilling & pump maintenance costs (Annual % decrease vs 2012…
  9. October 2016 Investor Presentation – Suncor Energy Inc. – slide 9
    9 Next generation of in situ sustaining pad developments Pad facilities Largest capital efficiency improvements resulting in significant well pad cost reductions Drilling and completions Ongoing technology integration and process…
  10. October 2016 Investor Presentation – Suncor Energy Inc. – slide 10
    10 Disciplined capital allocation Let me be clear, for us having cash available to invest doesn't mean we're going to run out and spend it. We remain steadfast in our commitment to exercise discipline in allocating that capital. Steve…
  11. October 2016 Investor Presentation – Suncor Energy Inc. – slide 11
    11 Track record of counter-cyclical acquisitions ( ) and divestments ( ) 100 WTI 80 US/bbl Non-core UK offshore 60 Fort Hills, Rosebank Petro-Canada 10% additional WI WI 40 Canadian Oil Sands 20 Murphy Syncrude WI 40 NYH…
  12. October 2016 Investor Presentation – Suncor Energy Inc. – slide 12
    12 Syncrudes journey to reliable low cost operations Syncrude cash operating costs1 Syncrude utilization C/bbl (%) 98% Alberta forest fires2 91% 46.75 83% 82% 76% 74% 41.75 70% 40.35 38.80 38.10 37.85 YTD 29.05 Q1/Q3…
  13. October 2016 Investor Presentation – Suncor Energy Inc. – slide 13
    13 Fort Hills progress 50.8% Suncor working interest 70% Bitumen 75% 91mbpd production capacity net to Suncor, planned 30% Diluent < 25 % 84k project cost/flowing barrel estimated at sanction Fort Hills froth screen…
  14. October 2016 Investor Presentation – Suncor Energy Inc. – slide 14
    14 Suncor compares favorably to large integrateds1 Strong production growth Superior capital efficiency 5 Year production growth (Q1 2011 to Q1 2016) Suncor3 15% 15% Peer A Peer B Peer C Peer D Peer E growth 4.37 per Suncor 4% 4%…
  15. October 2016 Investor Presentation – Suncor Energy Inc. – slide 15
    15 Leveraging our financial strength Conservative debt metrics Cost of debt4 in line with large integrateds 800 net debt to CFOPs1 3.0x target below 3x September 30, 2016 Suncor 600 Canadian peers5 total debt to capitalization2…
  16. October 2016 Investor Presentation – Suncor Energy Inc. – slide 16
    16 Current & Proposed Pipeline Projects: Summary Market access for Oil Sands production Suncor has approximately 750 mbpd of near-term market access1 mbpd Suncor refinery capacity Fort McMurray mbpd Suncor rail loading capacity…
  17. October 2016 Investor Presentation – Suncor Energy Inc. – slide 17
    17 Refining & Marketing the value of integration Suncor Peers1 R&M net earnings1 Refinery utilization vs. US average High Suncor US/bbl of capacity Percent of refining capacity Average Low US Average3 100% 15 10 90% 5 0…
  18. October 2016 Investor Presentation – Suncor Energy Inc. – slide 18
    18 The oil sands leader in addressing climate change Provincial climate framework Reducing GHG intensity Oil Sands Advisory Group 0.19 t/bbl Suncor representation on the multidisciplinary committee established to 550% increase in…
  19. October 2016 Investor Presentation – Suncor Energy Inc. – slide 19
    19 Technology development portfolio1 Reduce GHG emissions Reduce costs & improve Reduce tailings / water / intensity profitability land footprint Surface process (lean facility development) Enhanced SAGD recovery processes…
  20. October 2016 Investor Presentation – Suncor Energy Inc. – slide 20
    20 Appendix
  21. October 2016 Investor Presentation – Suncor Energy Inc. – slide 21
    21 Canadas leading integrated energy company 75B enterprise value1 September 30, 2016 35+ years 2P reserve life index as at Dec 31, 2015 2 657 mboepd 99% oil production 462 mbpd refining capacity YTD3 1, 2, 3 See Slide…
  22. October 2016 Investor Presentation – Suncor Energy Inc. – slide 22
    22 2016 Capital and production guidance1 2016 Capital2 Growth capital3 Upstream production4 millions Percent boepd Upstream5 5,100 5,230 70% 375,000 385,000 Oil Sands Operations Downstream 675 720 5% 120,000 130,000 Syncrude6…
  23. October 2016 Investor Presentation – Suncor Energy Inc. – slide 23
    23 Meeting commitments to both equity and debt holders Leading global peer group1 Manageable debt maturity profile2 Five year dividend growth (Q2 2011 Q2 2016) 200% 2016 6.7 (Credit facilities) 3.1 (Cash) 2018 3.1 0.3 Suncor…
  24. October 2016 Investor Presentation – Suncor Energy Inc. – slide 24
    24 Oil Sands production expected to exceed 700 mbpd by 20191 Debottlenecks, brownfield expansions and growth projects expected to raise total Oil Sands production from 463 mbpd (2015) to greater than 700 mbpd. Firebag Further…
  25. October 2016 Investor Presentation – Suncor Energy Inc. – slide 25
    25 Comparing typical attributes of North American oil plays1 Illustrative annual cash flow profile based off peak production at Fort Hills of 91 mbpd (Suncor WI)2 Tight Oil SAGD Mining & Offshore Upgrading Initial Capital…
  26. October 2016 Investor Presentation – Suncor Energy Inc. – slide 26
    26 High quality mining, in situ and upgrading oil sands portfolio1 Base Plant Syncrude 350,000 bpd capacity Syncrude operated Suncor working interest 100% 188,000 bpd capacity (SU WI) 1,662 mmbbls 2P reserves Suncor working…
  27. October 2016 Investor Presentation – Suncor Energy Inc. – slide 27
    27 Offshore oil projects with 415 million barrels of 2P reserves1 Terra Nova Hibernia Suncor Energy operated ExxonMobil operated Suncor working interest 37.675% Suncor working interest 20.0%2 44.4 mmboe 2P reserves (SU WI) 92.0…
  28. October 2016 Investor Presentation – Suncor Energy Inc. – slide 28
    28 Canadas largest refining & marketing business1 Edmonton Refinery Sarnia Refinery 142,000 bpd capacity 85,000 bpd capacity 100% oil sands feedstock2 75% oil sands feedstock2 Commerce City Refinery Montreal Refinery 98,000…
  29. October 2016 Investor Presentation – Suncor Energy Inc. – slide 29
    Investor Relations Contacts Steve Douglas David Burdziuk Leigh MacComb Peter Walls Vice President IR Manager IR Analyst IR Associate IR sdouglassuncor.com dburdziuksuncor.com lmaccombsuncor.com pwallssuncor.com Visit us at the…

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