SUNCOR ENERGY INVESTOR INFORMATION PUBLISHED SEPTEMBER 6, 2017 FORT HILLS OVERBURDEN REMOVAL OPERATIONS
2 INVESTMENT PROPOSITION GROWTH CASH GENERATION STRONG PRODUCTION1 INCREASE FROM PROJECTS IN FLIGHT SIGNIFICANT UPSIDE FFO3 SENSITIVITY TO WTI, BASED ON TTM4 ACTUALS (MBPD) US49 WTI, 0.75 C/US, US14.30 NYH CRACK SPREAD (C BILLION)…
3 THE FOUNDATION OF OUR STRATEGY OPERATIONAL EXCELLENCE 0.46 90% 19% 30% YTD 2017 RIF1 COMBINED AVERAGE UTILIZATION REDUCTION IN OIL SANDS TARGET REDUCTION IN OF OIL SANDS UPGRADING AND CASH COSTS2 YTD 2017 VS GHG INTENSITY BY…
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…
37.05 5 R&M COST REDUCTIONS ACROSS THE CORPORATION E&P 37.05 R&M Oil 37.05 Sands E&P Poly. R&M (R&M) 37.05 COMPANY OS&G BELOW 2014 LEVELS, EVEN AS PRODUCTION INCREASES 30% CONSISTENT REDUCTIONS IN OPERATING COSTS C/BBL R&M…
6 GENERATING DISCRETIONARY FREE CASH FLOW1 FFO2 CONSISTENTLY EXCEEDS SUSTAINING CAPITAL, ASSOCIATED 2017 SUSTAINING CAPITAL AND DIVIDEND CAPITALIZED INTEREST AND DIVIDENDS (C BILLIONS) BREAK-EVEN8 8 6.8 6 US 37.00 WTI 6.0…
7 NEAR TERM FLEXIBLE CAPITAL ALLOCATION PLAN1 PRODUCTION PRODUCTION GROWTH CAPITAL1 GROWTH BALANCE SHEET DIVIDEND3 BUYBACKS3 POST 2019 TO 20192 DEFER 10% CAGR DEBOTTLENECKING AND UPPER END OF GROW WITH 40 WTI 4.0B NONE PER…
8 STRONG BALANCE SHEET CONSERVATIVE DEBT TARGETS DEBT METRICS - AS AT JUNE 30,…
9 RETURNING CASH TO SHAREHOLDERS 15 YEARS OF CONSECUTIVE ANNUAL DIVIDEND INCREASES ACROSS PRICE AND BUSINESS CYCLES 120 BUYBACK PER SHARE1,2,5 2.50 DIVIDEND PER SHARE1 ILLUSTRATIVE BUYBACK PER SHARE3 100 WTI US 2.00 80…
10 TYPICAL ATTRIBUTES1 OF NORTH AMERICAN OIL PLAYS INITIAL DECLINE SUSTAINING OPERATING RECOVERY ILLUSTRATIVE ANNUAL CASH FLOW PROFILES2 CAPITAL RATE COSTS COST FACTOR MINING HIGH ZERO VERY LOW MEDIUM VERY HIGH IN SITU…
11 COMPARISON OF SUNCOR & TIGHT OIL CONSISTENT FREE CASH FLOW1,2 (EXCLUDING MPIP*) SUSTAINABLE PRODUCTION GROWTH THROUGH THE DOWNTURN US/BBL YEAR-OVER-YEAR CHANGE, LIQUIDS ONLY 40 30% 19 20 21 20% 20 11 9 10% 0 0% -20…
12 GROWTH AND CASH GENERATION SUPERIOR TO MAJORS CONSISTENTLY GROWING TOTAL BOE PRODUCTION PER SHARE SUPERIOR FUNDS FROM OPERATIONS1 PER TOTAL BOE OF PRODUCTION US/BOE 15% 60 12% 10% 48 5% 50 45 5% 42 5% 3% 40 0% 30 25…
13 TRACK RECORD OF COUNTER-CYCLICAL ACQUISITIONS ( ) AND DIVESTMENTS ( ) 100 WTI US/BBL 80 NON-CORE UK OFFSHORE ROSEBANK 60 FORT HILLS, WI PETRO-CANADA 10% ADDITIONAL WI 40 CANADIAN OIL SANDS 20 MURPHY SYNCRUDE WI 40 NYH 3-2-1…
14 AGILE CAPITAL DEPLOYMENT - NEXT GENERATION SAGD DEVELOPMENT SAVING TODAY REDESIGNING TOMORROW SIMPLIFIED SUSTAINING WELL PADS, AT EXISTING ASSETS, DESIGNED WITH COMPLETE REDESIGN OF CENTRAL PROCESSING FACILITY (CPF) FOR GREEN…
15 REPLICATION1 NEXT PHASE OF OIL SANDS ORGANIC GROWTH FIRST ENERGY COMPANY TO RECEIVE APPROVAL FOR MULTIPLE IN SITU DEVELOPMENT PHASES UNDER THE ALBERTA ENERGY REGULATORS TRIAL SUBMISSION PROCESS FOR MEADOW CREEK EAST PHASES OF 40…
16 FORT HILLS PHASING INTO COMMISSIONING & OPERATIONS KEY METRICS1 CONSTRUCTION 90% CONSTRUCTION COMPLETE 50.8% PEAK SITE WORKFORCE LEVEL REACHED IN Q4 2016 REMAINING CONSTRUCTION FOCUS IS ON SECONDARY EXTRACTION SUNCOR WORKING…
17 FORT HILLS DESIGNED FOR SAFE, RELIABLE, LOW-COST RAMP-UP AND OPERATIONS BASED ON REGIONAL BENCHMARKING, SUNCOR HAS INVESTED SIGNIFICANT CAPITAL TO MEET OR EXCEED PERFORMANCE TARGETS INVESTMENTS INCLUDED IN PRE-SANCTION DESIGN WITH…
18 SYNCRUDE: SIGNIFICANT PROGRESS AND OPPORTUNITIES1…
19 OIL SANDS PRODUCTION EXPECTED TO BE 700 MBPD BY 20191 INTEGRATED SUITE OF OIL SANDS ASSETS OFFERS OPTIONALITY FOR LOW CAPITAL INTENSITY GROWTH AND MARGIN IMPROVEMENT FIREBAG FURTHER POTENTIAL DEBOTTLENECK OPPORTUNITIES4…
20 REPORT ON SUSTAINABILITY1 SUSTAINABILITY OPTIMIZES OPPORTUNITY AND MINIMIZES RISK SAFETY ABOVE ALL ELSE GHG REDUCTION SOCIAL GOAL RECORD IMPROVEMENT IN OUR COMBINED EMPLOYEE AND GOAL TO REDUCE GHG INTENSITY BY 30% BY 2030.…
21 APPENDIX
22 CANADAS LEADING INTEGRATED ENERGY COMPANY 77B ENTERPRISE VALUE1 JUNE 30, 2017 35+ YEARS 2P RESERVE LIFE INDEX2 AS AT DEC. 31, 2016 632 99% OIL PRODUCTION MBOEPD YTD 2017 462 MBPD REFINING CAPACITY 500 PRODUCT SALES…
23 2017 CAPITAL AND PRODUCTION GUIDANCE1 2017 CAPITAL2 GROWTH CAPITAL3 PRODUCTION4 MILLIONS PERCENT BOEPD UPSTREAM5 4,735 4,875 60% 420,000 450,000 OIL SANDS OPERATIONS DOWNSTREAM 625 675 0% 130,000 145,000 SYNCRUDE CORPORATE 40 50…
24 RETURNING CASH TO SHAREHOLDERS DIVIDEND GROWTH LEADER DIVIDEND GROWTH LEADER FIVE YEAR DIVIDEND GROWTH RELATIVE TO GLOBAL PEERS1 (Q2 2012 Q2 2017) % DIVIDEND GROWTH, 2010 BASELINE 200% 200% 120 100 94.90 94.20 97.95 80 100%…
25 VAST PORTFOLIO OF HIGH QUALITY OPPORTUNITIES1 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…
26 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…
27 REFINING & MARKETING THE VALUE OF INTEGRATION R&M ANNUAL 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%…
28 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…
29 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…
30 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…
35 Notes
INVESTOR RELATIONS CONTACTS STEVE DOUGLAS DAVID BURDZIUK VALERIE ROBERTS EVER MOTIS VICE PRESIDENT IR MANAGER IR SENIOR ANALYST IR ASSOCIATE IR SDOUGLASSUNCOR.COM DBURDZIUKSUNCOR.COM VROBERTSSUNCOR.COM EMOTISSUNCOR.COM VISIT US AT…
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