Growth Integration Value Creation Investor Information February 2012 1
Contents Our company and resource 5-8 Oil sands pioneer, ongoing leadership position Strategy 9 - 14 Lower risk, oil sands focused growth Optimized netbacks through forward integration Operations overview 15 - 20 Operational…
Canadas premier integrated energy company with an unparalleled resource base and growth opportunities What differentiates Suncor Over 35 years of production at current rates (1) Largest reserves in the oil sands* Billions of…
Strong fourth quarter caps record year for Suncor 2011 shows the earnings power of Suncors integrated model Record Net Earnings Record cash flow and earnings 1.4 billion in Q4 2011 12,000 4.3 billion in 2011 Cash flow provided by…
Oil-weighted assets that provide strong cash flow supports our integrated strategy and funds growth 7
Largest reserves in the oil sands monetized through a balanced portfolio of mining, in situ and upgrading Joslyn Mine Fort Hills Mine FORT MacKAY Suncor properties Suncor-Total Joint Venture Suncor- joint properties…
Strategy 1
Leveraging known resources for lower risk growth 50% of production growth from in situ projects over next 10 years Production 1000 Planned Net Target Mboe/d Capacity kbpd First Oil Oil Sands Firebag 3 62.5 2011 Firebag 4 62.5…
In situ and mining projects similar full-cycle economics Illustrative Comparison of Standalone Projects In Situ Bitumen Mined Bitumen WTI ( per barrel) 7090 7090 Total Supply Cost ( per barrel) 4555 4555 (initial and sustaining…
Integrated model to deliver long-term shareholder value low-cost cash flow from conventional assets funds long-life assets To provide greater reliability and flexibility to our We produce natural gas as feedstock supplies, we…
Access to global market pricing able to optimize value of our crude oil production Upstream Crude Downstream Approximate Production Refining Market Exposure (1) Feedstock 73% 7% WTI-based WTI- 66% prices based prices Oil…
Technological innovation improving economics and reducing environmental footprint Tailings Reduction OperationsTM TRO - Tailings Reduction OperationsTM are expected to reduce land use and speed land reclamation Innovative…
Operations overview 2
Oil Sands operations set new production records operational excellence programs driving improved reliability Mine Production Extracted Bitumen Upgraded Production (millions tonnes) (kbpd) (kbpd) 300 500 250 20 400 200 300 150…
In Situ operations leading Suncors growth 45% production increase anticipated in 2012 Exceptional portfolio of projects and properties In Situ growth led by Firebag and MacKay River Firebag 4-6, MacKay River 2, Meadow Creek, Lewis,…
Refining & Marketing optimizing the oil sands barrel industry leading performance R&M Net Earnings (1) (US dollars per barrel of capacity) Suncor Top quartile 15 Median of peers (2) Bottom quartile 10 5 0 Q3 Q4 Q1…
Exploration & Production highly quality asset base generating cash flow to fund oil sands growth Conventional low cost E&P production, cash flow and earnings production Operating earnings (1) Largely Brent-based pricing 50 400…
2012 Production outlook and turnaround summary 90% crude oil production 2011 Production 2012 Production Actual (boe/d) Outlook (boe/d) Oil Sands 304,700 325,000 355,000 Syncrude 34,600 36,000 38,000 North America Onshore 64,700…
Financial outlook 3
Stable operating costs targeting 35 per barrel or less in oil sands operating costs (1) Oil Sands Cash Operating Costs Unscheduled downtime (C/bbl) OPEX U2 Turnaround OPEX assuming normal 50 35/bbl production (2) 40 30 1…
2012 Capital expenditure outlook 7.5 billion in capital expenditure - almost 50% growth focused 2012 Outlook Sustaining Capital Growth Capital Base millions millions millions Oil Sands 5,085 2,885 2,200 Oil Sands Base 1,780…
Financial strength disciplined and focused strategy to deliver shareholder value 1 Shareholder value creation Return on investment including reinvested dividends 2 Strong balance Sheet Suncor Energy S&P 500 4,063 3 Financial…
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