Credit Suisse Energy Summit February 13, 2014 Vail, Colorado
Cautionary statement This presentation contains forward-looking information on future production, project start-ups and future capital spending. Actual results could differ materially due to changes in project schedules, operating…
Imperial Oil A history of success, commitment to long term growth Market Cap 38 billion The only AAA credit rating in Canada (S&P) Industry leading return on capital employed Investing 40 billion to double upstream production by…
Financial Performance Industry leading return on capital employed ROCE Q3 2013 % 15 2013 Q4 2013 Earnings - billions 2.8 10 Earnings - per share1 3.32 Gross production2 - koebd 295 Refining throughput - kbd 426 5 Cash flow…
Financial Performance Strong upstream and downstream earnings Upstream Net income Downstream & Chemical Net income billions billions 3 3 2 2 1 1 0 0 2011 2012 2013 2011 2012 2013 *Includes after-tax charge of 280…
Imperial Oils business model Deliver superior, long-term shareholder value 1. Operational excellence, responsible growth 2. Long-life, advantaged assets 3. Value chain integration and synergies 4. Disciplined investment, cost…
Operational excellence, responsible growth Consistent discipline throughout our business of incidents per 200K hours Safety is key indicator of US Petroleum Industry operations excellence 0.2 Benchmark - Contractors US…
Long-life, advantaged assets Upstream - predominantly oil sands and liquids YE 2012 proved reserves billion oeb* Initial development producing; 4 construction of expansion on target 3 Aurora North Mine Train Relocation and…
Kearl expansion project 72% complete On schedule and on budget for 2015 start-up Funded in 2011 for 8.9 billion 110 kbd additional production Kearl Initial Development May 2011 Full Funding + 18 months Kearl Expansion…
Cold Lake Nabiye project 65% complete 40 kbd additional production Funded in 2012 for 2 billion Design one, build multiple replicates Mahkeses 10 Credit Suisse 2014 Energy Summit
Long-life, advantaged assets Downstream - increasing transportation options for long-term flexibility Imperial Oil-Kinder Morgan rail venture Strathcona crude loading / Nanticoke Capacity up to 250 kbd crude offloading capabilities…
Value chain integration and synergies Delivering value and competitive advantage across the business chain Price advantaged crude at Imperial refineries Rail capacity increasing Line 9a reversal start- up 1Q14 68% 75% 77% 80%…
Disciplined investment, cost management Positioned for long-term competitive advantage Design one, build multiple strategy for growth Cold Lake Nabiye Kearl Expansion project Future SAGD developments Asset rationalization…
High impact technologies and innovation Kearl successfully applies Paraffinic Froth Treatment (PFT) Patented PFT technology produces marketable dilbit without an upgrader Significant cost and environmental benefits Wells-to-wheels…
High impact technologies and innovation Solvent Assisted-SAGD being piloted Schematic of SA-SAGD pilot Potential for Imperials Aspen project located northeast of Fort McMurray, Alberta Steam-assisted gravity drainage development…
For more information www.imperialoil.ca For more detailed investor information, or to receive annual and interim reports, please contact: John A. Charlton Manager, Investor Relations Imperial Oil Limited 237 Fourth Avenue SW Calgary,…
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