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December 2016 Investor Presentation – Husky Energy Inc.

Husky Energy Inc. · Dec 13, 2016 · 19 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. December 2016 Investor Presentation – Husky Energy Inc. – slide 1
    2017 Corporate Guidance December 13, 2016
  2. December 2016 Investor Presentation – Husky Energy Inc. – slide 2
    Strong Vitals in Place to Grow Higher Return Production Strategy On Course (2010 - 2016) Improving Production Base Diversified Production Mix (17E) 100% Decision to remain diversified and integrated 90% % of Total Production Focus…
  3. December 2016 Investor Presentation – Husky Energy Inc. – slide 3
    Strong Balance Sheet Net debt of 4.1 billion Net Debt1 1.4 billion cash on hand 8.0 Billion 7.0 4 billion in undrawn banks lines 6.0 5.0 Maintaining strong investment grade credit rating 4.0 Moodys Baa2 3.0 S&P BBB+ (Stable)…
  4. December 2016 Investor Presentation – Husky Energy Inc. – slide 4
    2017 Key Deliverables Strategic Objectives Maintain balance sheet strength Growth of higher return production Continue to lower cost structure Free cash flow generation Operational Objectives Thermal Growth Lloyd and Tucker growth…
  5. December 2016 Investor Presentation – Husky Energy Inc. – slide 5
    2017 Guidance Capital Spending 2.6 - 2.7 Billion Capex: 2.6 - 2.7 Billion1 3.0 Billion Upstream: 1.7 1.8 billion Downstream: 0.7 0.8 billion Unallocated Capital Corporate: 0.1 billion Corporate 2.0 2.0 Asia Sustaining and…
  6. December 2016 Investor Presentation – Husky Energy Inc. – slide 6
    Pathway To Free Cash Flow Improving quality of cash flow from operations Lowering Break-Even Prices1 360 mboe/d 70 WTI Oil Price US/bbl Lower cash costs increased margins across portfolio 270 60 Reduced oil price volatility…
  7. December 2016 Investor Presentation – Husky Energy Inc. – slide 7
    0 20 40 60 80 4. 3. 2. 1. Atlantic Infill Well Atlantic Infill Well Atlantic Infill Well Atlantic Infill Well Atlantic Infill Well Rainbow NGL Oil Portfolio1 Tucker D West (WTI US /bbl) Sustaining Pad - Thermal WTI…
  8. December 2016 Investor Presentation – Husky Energy Inc. – slide 8
    Operations
  9. December 2016 Investor Presentation – Husky Energy Inc. – slide 9
    Thermal Operations Growth Low operating cost, long life reserves Thermal Heavy Oil Growth 200 mbbls/d Low sustaining capital requirements (5-7/bbl) Current thermal production 120,000 bbls/d 160 (Lloyd thermals, Tucker & Sunrise)…
  10. December 2016 Investor Presentation – Husky Energy Inc. – slide 10
    Next Wave Of Thermal Growth Full year contribution from 2016 projects Lloyd Thermal Project Inventory 40,000 bbls/d of new thermal production sanctioned Current* / Forecast Project Name First Oil Production Rate (nameplate) (year)…
  11. December 2016 Investor Presentation – Husky Energy Inc. – slide 11
    Downstream Physically Integrated Value Chains Value chains add stability to cash flow from operations Integrated Value Chains Western Canada Oil Sands Heavy Oil Mitigates heavy oil differential (Light Oil) (SAGD Thermal) (SAGD Thermal…
  12. December 2016 Investor Presentation – Husky Energy Inc. – slide 12
    Value Capture Across The Downstream Portfolio Flexible Market Access Lloyd Value Chain1 90 /bbl 80 Value capture 70 above Heavy Oil Price 60 50 Upgrading & Refining 40 Operating Costs 30 20 Non-Integrated 10 Heavy Oil Price…
  13. December 2016 Investor Presentation – Husky Energy Inc. – slide 13
    Growing Asia Pacific Business Platform of stable cash flow from operations growth Fixed-price gas contracts Low cost operations Productions increases up to 60,000 boe/d from near term projects Current Liwan (Liwan 3-1, Liuhua…
  14. December 2016 Investor Presentation – Husky Energy Inc. – slide 14
    Asia Pacific Fixed Prices and Growth China Asia Pacific Operating Netback1 Liwan Gas Project 80 /boe /bbl 120 Fixed price 12.50-15.00/mcf 100 60 Take or Pay contract 300-330 mmcf/d (gross) 80 Liuhua 29-1 40 60 Wenchang light oil…
  15. December 2016 Investor Presentation – Husky Energy Inc. – slide 15
    Western Canada Growing Resource Plays Growing resource production offsets legacy production declines Improving operating costs, DD&A, F&D Short cycle investments allow for increased capital efficiency Core plays Knopcik Wilrich…
  16. December 2016 Investor Presentation – Husky Energy Inc. – slide 16
    Atlantic Region Infills Bridging To Future Growth Stable production base with potential growth upside High operating netback production Pricing premium to Brent Low cost operations Mizzen Mitigate base field declines with infill…
  17. December 2016 Investor Presentation – Husky Energy Inc. – slide 17
    Solid Position Vitals Strong balance sheet Low cost structure, getting lower Deep portfolio of high return projects Strategic deliverables for 2017 Maintain balance sheet strength Continue to lower cost structure Growth of…
  18. December 2016 Investor Presentation – Husky Energy Inc. – slide 18
    Guidance Appendix
  19. December 2016 Investor Presentation – Husky Energy Inc. – slide 19
    19 2017 Guidance Planning Assumptions December 13, 2016 Upstream 1 Capital Expenditures Production Oil and Liquids ( millions) (mbbls/day) 2 Lloyd & Tucker thermal 600 630 103 105 Oil Sands thermal 90 100 20 22 Lloyd…

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