Returning 100% to shareholders Disciplined capital allocation1 Returning at or near 100% of excess funds to Excess funds calculation shareholders via share buybacks Adjusted funds from operations Achieved net debt target of 8B…
There is integrationand there is Suncor Integration Fort Hills East Coast Edmonton Base Plant Montreal Syncrude Retail In Situ Logistics & Trading Sarnia Commerce City Upstream production Refining capacity…
No exploration risk and 7 Bbbl of 2P reserves Production Mix1 Decline Reservoir Recovery (2025E) 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)1 Optionality from multiple oil sands assets (mining & in situ) All sites are connected by pipeline: Firebag & MacKay River…
Upstream oil sands operations Pivotal enhancement in operational reliability Upgrading and Mining Assets In Situ Assets (2020 - 2024) (2015 - 2024) Upgrader utilization has shown steady improvement, Combined average of 93%…
1 Downstream business in the industry 60 10 9 Winning formula 50% average 8 incremental margin1 45 5-2-2-1 vs. 3-2-1 7 Benchmark cracks US/bbl Low-cost crude feedstocks vs. WTI due to 6 proximity to upstream…
Industry leading refinery utilization & profitability Operational execution Industry leading profitability Suncor US average1 Cdn average1 2019 - 2023 average 25 100 20 95 Average annual utilization (%) Refining EBITDA…
Delivering on commitments 2024 Free Funds Flow progress vs Investor Day plan Free Funds Flow (normalized) +3.3B 2026 Target +2.3B B 8 Record upstream and downstream volumes Growth in Free Funds Flow vs 2023 Outperformance 6…
2025 capital budget1 ECONOMIC millions Project examples: INVESTMENT CAPITAL2 Exploration & Production 725 775 West White Rose Investing in projects to improve efficiency, In Situ well pads 325 350 Firebag and MacKay River well pads…
2025 capital & production guidance1 CAPITAL EXPENDITURES PRODUCTION & OPERATING COSTS Capital2 Economic Production Cash Operating Costs (M) Investment3 (kbpd) (/bbl) Oil Sands 4,175 4,250 40% Total bitumen production 880,000 920,000…
Appendix 15
Oil sands energy sources *All values net to Suncor Mining & upgrading Base - Millenium & North Steepbank Base Plant Upgraders 2024 bitumen production: 262 kbpd 2024 SCO & diesel production: 346 kbpd Suncor WI 100% 350 kbpd…
Offshore with 250 million barrels of 2P reserves1 *All values net to Suncor Hibernia Terra Nova ExxonMobil operated Suncor operated Suncor WI 20% Suncor WI 48% 2024 production: 14 kbpd 2024 production: 11 kbpd 57M bbls 2P…
Refining advantage 40% equity feedstock & 100% inland crude Feedstock advantages2 Product advantages2 Edmonton Directly connected to Oil Sands Large market reach with international export production; ability to process multiple…
Refined product markets 600 kbpd Product sales in 2024 Edmonton 20% refinery services region from BC to Ontario Canadian consumer fuel Montreal and Sarnia have a local market1 market reach over 22M people4 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 assurance that such expectations will prove to be correct. Suncors Sands cash operating costs, Fort Hills cash operating costs and presentation contains certain…
Visit us at the Investor Centre on suncor.com investsuncor.com SUNCOR ENERGY 26
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