COVER PHOTOGRAPH HEBRON TOP SIDE SUNCOR ENERGY INVESTOR INFORMATION PUBLISHED APRIL 26, 2017
2 INVESTMENT PROPOSITION GROWTH CASH GENERATION STRONG PRODUCTION1 INCREASE FROM PROJECTS INFLIGHT (MBPD) SIGNIFICANT UPSIDE FFO3 SENSITIVITY TO BRENT, BASED ON TTM4 ACTUALS US48 BRENT, 0.76 C/US, US14.25 NYH CRACK SPREAD (C…
3 THE FOUNDATION OF OUR STRATEGY OPERATIONAL EXCELLENCE 0.54 90% 7% 30% Q1 2017 RIF1 RELIABILITY OF OIL SANDS REDUCTION IN CASH COSTS2 TARGET REDUCTION IN OPERATIONS AND DOWNSTREAM Q1 2017 VS Q1 2016 GHG INTENSITY BY 2030 ASSETS…
4 GROWING PRODUCTION SUNCORS PRODUCTION GROWTH FORECAST1 (MBPD) 10% HEBRON 2016-2019 PLANNED CAGR2 PER SHARE 800 E&P 700 SYNCRUDE 600 500 FORT HILLS 400 BASE OS 300 FIREBAG MACKAY 200 BASE MINE 100 PLANNED U2 FB U1…
5 COST REDUCTIONS COMPANY OS&G BELOW 2014 LEVELS, EVEN AS PRODUCTION INCREASES 30% OIL SANDS OPERATIONS CASH OPERATING COSTS2 C/BBL 40.0% 39.05 30.0% PRODUCTION1 37.05 37.00 33.80 20.0% 10.0% 27.85 26.50 0.0% 22.55 OS&G1…
7 SUPERIOR CASH GENERATION PER PRODUCED BARREL FUNDS FROM OPERATIONS PER BARREL VERSUS CANADIAN PEERS (FFO1,2/BPD) Q2 2014 US 103.00 SUNCOR WTI CENOVUS, CNRL, HUSKY, IMPERIAL 60 (US/BBL) 40 Q1 2016 US 33.50 20 0 Q1…
8 STRONG BALANCE SHEET CONSERVATIVE DEBT TARGETS DEBT METRICS - AS AT MARCH 31…
9 COMMITTED TO RETURNING CASH TO SHAREHOLDERS 15 YEARS OF CONSECUTIVE ANNUAL DIVIDEND INCREASES ACROSS PRICE AND BUSINESS CYCLES 120 2.50 BUYBACK PER SHARE1,2 DIVIDEND PER SHARE1 ESTIMATED BUYBACK PER SHARE3 100 WTI USD 2.00…
10 VAST PORTFOLIO OF HIGH QUALITY OPPORTUNITIES CONTINUED GROWTH AND MARGIN OPPORTUNITIES POST 2019 IN SITU MINING UPGRADING/REFINING E&P SYNCRUDE UPGRADING BEYOND GROWTH, MEADOW CREEK FORT HILLS SECONDARY 90% RELIABILITY ODA…
11 SYNCRUDES JOURNEY TO RELIABLE OPERATIONS SYNCRUDE RELIABILITY1 SUNCORS UPGRADER RELIABILITY JOURNEY TARGETING 90% ASSET RELIABILITY BY 2020 MULTI YEAR JOURNEY TO REACH 90% RELIABILITY 97% 95% EXCLUDING 91% ALBERTA 90%…
12 FORT HILLS PROGRESS AS AT APRIL 26, 2017 KEY METRICS1 83% CONSTRUCTION COMPLETE Q4 2016 PEAK SITE WORKFORCE LEVEL REACHED IN 50.8% REMAINING CONSTRUCTION FOCUS IS ON UTILITIES AND SECONDARY EXTRACTION MAJORITY OF REMAINING…
13 FORT HILLS PHASED COMPLETION AND COMMISSIONING MAJOR AREA COMPLETIONS SUPPORT A RELIABLE PRODUCTION RAMP UP THROUGH 2018 MAJOR PROJECT AREAS TURNED OVER TO 4/6 OPERATIONS MINING MINE DEVELOPMENT AND 6 MONTHS PRE-STRIPPING…
14 NEXT GENERATION SAGD PLATFORM1 AGILE CAPITAL DEPLOYMENT WITH PRE-ENGINEERED OPTIMIZED DESIGNS OPTIMIZED CENTRAL PROCESSING FACILITY & STANDARDIZED WELL PAD MODEL LEVERAGE INTERNAL OFF-SHORE TECHNOLOGY AND KNOWLEDGE TO SIMPLIFY…
15 REPLICATION1 NEXT PHASE OF OIL SANDS ORGANIC GROWTH FIRST ENERGY COMPANY TO RECEIVE APPROVAL FOR MULTIPLE DEVELOPMENT PHASES UNDER NEW ALBERTA ENERGY REGULATOR SUBMISSION PROCESS FOR MEADOW CREEK EAST PHASES OF 40 MBPD NEXT…
16 RESILIENT TO THE L/H1 SPREAD DUE TO BITUMEN INTEGRATION ROYALTY PAID ON BITUMEN PRODUCTION BASIS REVENUE MADE ON PRODUCT VALUE BASIS BITUMEN: 700 MBPD BITUMEN: 30 MBPD IN SITU2 PROCESSED AT SUNCOR REFINERIES 230 MBPD SSP:…
17 IN SITU EXTRACTION TECHNOLOGY1 LANDSCAPE A BASIS FOR SUNCORS PATH TO NEXT GENERATION IN SITU RECOVERY DECREASE COST AND ENERGY USE BY LOWERING TEMPERATURES AND REPLACING WATER WITH SOLVENT SAGD ES-SAGD2 INCREASING EXTRACTION…
18 CORPORATE RESILIENCE IN A LOW CARBON ECONOMY MANAGEMENT ALIGNED WITH SHAREHOLDERS ON NEED FOR CARBON TRANSPARENCY CLIMATE DISCLOSURE METHODOLOGY OIL DEMAND DISCLOSURE PROVIDES INSIGHT INTO HOW WE SEE THE BASE BUSINESS PLAN…
19 APPENDIX
20 CANADAS LEADING INTEGRATED ENERGY COMPANY 81B ENTERPRISE VALUE1 MARCH 31, 2017 35+ YEARS 2P RESERVE LIFE INDEX2 AS AT DEC. 31, 2016 725 99% OIL PRODUCTION MBOEPD Q1 2017 462 MBPD REFINING CAPACITY 1, 2 SEE SLIDE…
21 RETURNING CASH TO SHAREHOLDERS DIVIDEND GROWTH LEADER DIVIDEND GROWTH LEADER FIVE YEAR DIVIDEND GROWTH RELATIVE TO GLOBAL PEERS1 (Q1 2012 Q1 2017) % DIVIDEND GROWTH, 2010 BASELINE 200% 200% 120 100 94.90 94.20 97.95 80…
22 2017 CAPITAL AND PRODUCTION GUIDANCE1 2017 CAPITAL2 GROWTH CAPITAL3 PRODUCTION4 MILLIONS PERCENT BOEPD UPSTREAM5 4,135 4,475 50% 420,000 450,000 OIL SANDS OPERATIONS DOWNSTREAM 625 675 0% 135,000 150,000 SYNCRUDE CORPORATE 40 50…
23 OIL SANDS PRODUCTION EXPECTED TO BE 700 MBPD BY 20191 GROWTH DEBOTTLENECKS AND BROWNFIELD EXPANSIONS EXPECTED TO RAISE TOTAL OIL SANDS PRODUCTION FROM 463 MBPD (2015) TO GREATER THAN 700 MBPD (2019) FIREBAG FURTHER POTENTIAL…
24 MARKET ACCESS FOR OIL SANDS PRODUCTION SUNCOR CURRENTLY HAS APPROXIMATELY 750 MBPD OF NEAR-TERM MARKET ACCESS1 PROPOSED PROJECTS COULD PROVIDE SUNCOR WITH EXPANDED PIPELINE CONNECTIVITY TO MARKETS PIPELINE CURRENT AND FORECASTED…
25 REFINING & MARKETING THE VALUE OF INTEGRATION R&M NET EARNINGS1 SUNCOR PEERS1 REFINERY UTILIZATION VS. US AVERAGE SUNCOR US/BBL OF CAPACITY PERCENT OF REFINING CAPACITY HIGH US AVERAGE2 15 AVERAGE LOW 100% 10 90% 5 0…
26 TYPICAL ATTRIBUTES OF NORTH AMERICAN OIL PLAYS1 FORT HILLS TIGHT OIL OFFSHORE 50 YEARS ILLUSTRATIVE ANNUAL CASH FLOW PROFILE BASED OFF NAMEPLATE CAPACITY AT FORT HILLS OF 98 MBPD (SUNCOR WI)2 MINING & TIGHT OIL SAGD…
27 HIGH QUALITY MINING, IN SITU AND UPGRADING PORTFOLIO1 BASE PLANT SYNCRUDE 350,000 BPD CAPACITY SYNCRUDE OPERATED SUNCOR WORKING INTEREST 100% 188,000 BPD COKING CAPACITY (SU WI) 1,619 MMBBLS 2P RESERVES SUNCOR WORKING INTEREST…
28 OFFSHORE WITH 410 MILLION BARRELS OF 2P RESERVES1 TERRA NOVA HIBERNIA SUNCOR ENERGY OPERATED EXXONMOBIL OPERATED SUNCOR WORKING INTEREST 37.675% SUNCOR WORKING INTEREST 20.0%2 43 MMBOE 2P RESERVES (SU WI) 88 MMBOE 2P RESERVES…
29 CANADAS LARGEST REFINING & MARKETING BUSINESS EDMONTON REFINERY SARNIA REFINERY 142,000 BPD CAPACITY 85,000 BPD CAPACITY 100% OIL SANDS FEEDSTOCK1 75% OIL SANDS FEEDSTOCK1 COMMERCE CITY REFINERY MONTREAL REFINERY 98,000 BPD…
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