SUNCOR ENERGY Investor Information Q3 2023 Published December 5, 2023 SUNCOR ENERGY
Suncors value proposition Long-life, Physical Disciplined Innovation competitively integration investment & and advantaged and business- cost responsible assets line synergies management growth Deliver superior long-term…
Suncor key statistics Market capitalization Q3 2023 61B Net debt to AFFO Q3 2023 TTM 1.0x Oil sands reserve life index 2022 26 yrs Upgrading capacity 556 mbpd Refining capacity 466 mbpd Production to Market Q3 YTD 725 mbpd…
Strong balance sheet & industry leading cash returns1 Industry leading integrated model cash generation Strong track record of cash returns (C billion) 20 60 %(lessofsustaining 10yr cumulative AFFO capex) returned to…
Disciplined capital allocation1 O R D E R O F P R I O R I T Y Annual AFFO Allocation Net Debt (incl. 3B cap leases) Sustaining Economic Share Buyback / Net Debt Reduction Dividend3 ( billion) Capital2 Capital2 (annualized %) 12…
Physical integration to maximize value of every barrel Deep regional Oil Sands integration 26 year Oil Sands Reserve Life Index 25 mmbbl storage Western Canada Brent (E&P) Brent (E&P) 15 mmbbl storage Eastern Canada…
No exploration risk and 7 Bboe1 of 2P reserves Production Mix2 Decline Reservoir Recovery (2023E) rate risk factor E&P 15% decline Mining Very low Very low Very high Oil Sands Operations Syncrude 0% mining decline In Situ Low…
Integrated footprint of oil sands assets Strategy maximize margins & keep upgraders full (90% utilization) Optionality from multiple oil sands assets (mining & SAGD) All sites are connected by pipeline: Firebag & MacKay River Base…
Upstream oil sands operations Suncor has a long history of improving operational reliability, now focused on mining Upgrading and Mining Assets In Situ Assets (2018 - 2022) (2013 - 2022) Base Plant upgrader utilization steadily…
Downstream advantage industry best utilization & profitability Refinery utilization vs. industry Industry leading profitability during pandemic2 Percent of refining capacity 2020 R&M (excluding rack forward) EBITDA per barrel Suncor…
Our GHG emissions objective net zero by 20501,2 GHG reduction opportunities to 2030 10 Mt per year reduction by 20301,2 Base business Contributing to Suncors net-zero goal Value chain Reducing our customers footprint Reduce…
Sustainability leadership 1995 2000 2005 2010 2015 2016 2017 2018 2019 2020 2021 2022 First First Set four Set long- First climate risk report Completed Canadas Invested in CCUS environment renewable long-term term carbon first…
2023 capital budget1 ECONOMIC millions Q1 Q2 Q3 Rem 2023 2023 Total INVESTMENT CAPITAL2 Decline mitigation 270 307 250 265 365 1,100 1,200 Investing in projects E&P 174 240 177 135 185 725 775 to improve efficiency, flexibility &…
2023 capital & production guidance1 CAPITAL EXPENDITURES PRODUCTION & OPERATING COSTS Capital2 Economic Production4 Cash Operating Costs ( millions) Investment3 (boepd) (/bbl) Oil Sands 3,625 3,875 30% Oil Sands Operations 385,000…
2024 capital budget1 ECONOMIC millions INVESTMENT CAPITAL2 Exploration & Production 700 West White Rose: 500M Investing in projects to improve efficiency, In Situ well pads 350 370 Firebag and MacKay River well pads flexibility &…
2024 capital & production guidance1 CAPITAL EXPENDITURES PRODUCTION & OPERATING COSTS Capital2 Economic Production Cash Operating Costs ( millions) Investment3 (boepd) (/bbl) Oil Sands 4,300 4,400 45% Oil Sands Operations 430,000…
SUNCOR ENERGY Appendix 17 202003-038
Oil sands energy sources *All values net to Suncor Mining & upgrading Base - Millenium & North Steepbank Base Plant Upgraders 2022 bitumen production: 257 kbpd 2022 SCO & diesel production: 315 kbpd Suncor WI 100% 350 kbpd…
Offshore with 265 million barrels of 2P reserves1 *All values net to Suncor Hibernia Terra Nova ExxonMobil operated Suncor Energy operated Suncor WI 20% Suncor WI 48% 2022 production: 15 mbbls/d 32 mmboe 2P reserves1 61…
Refining advantage 40% equity feedstock & 100% inland crude Feedstock advantages2 Product advantages2 Edmonton Directly connected to Oil Sands Large market reach with international export 1 production; ability to process multiple…
Refined product markets 555 mbpd Product sales in 20221 20% Edmonton refinery services Canadian region from BC to consumer fuel Ontario Montreal and market2 Sarnia have a local market reach over 22mm people5 325 Export…
Suncor 5-2-2-1 Index To help investors and analysts model Suncors Refining and Marketing (R&M) business, we have designed an indicative 5-2-2-1 gross margin based on publicly available pricing data. This is a single value that…
First-in, first-out (FIFO) inventory gains and losses Crude & products inventory & timing 45 The amount of time between purchase of feedstock to sale of refined product has direct correlation to FIFO impact Edmonton Commerce…
Advisories Forward-Looking Statements Forward-Looking Statements This market; the timely receipt of regulatory and other approvals; the by operating activities excluding changes in non-cash working presentation contains certain…
Slide Notes Slide 18 -------------------------------------------------------------- (1) Reserves are working interest before royalties. See Reserves in the Advisories. The estimates of reserves for individual properties provided herein…
Investor relations contacts Troy David Christian Matilda Stacey Little Johnson Leung Lo Hunter Vice President IR Director IR Manager IR Manager IR Coordinator IR trlittlesuncor.com davjohnsonsuncor.com chrileungsuncor.com…
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