Company Overview Strathcona is a pure-play oil sands and heavy oil producer with a concentrated asset base in the Cold Lake and Lloydminster regions of Alberta and Saskatchewan Capitalization Ticker TSX:SCR Basic: 214,235,608…
Where We Have Been And Where We Are Going Strathcona's first nine years focused on capturing a large resource base and returning the original capital to our shareholders; the next five years will focus on growing this resource…
How We Think About Our Business Today Strathcona is organized across three semi-autonomous business units, each of which presents different capital opportunities across a long-life heavy oil reserves base SCR Cold Lake SCR…
Our Plan Strathcona plans to invest 1.9bn of capital over the next 5 years to grow to 195 Mbbls / d (a 10% CAGR) through a combination of filling existing SAGD facilities and three brownfield SAGD expansions 25 195 Mbbls / d 22…
2026 Capital Program 2026 will see Strathcona complete Meota Central Phase 1, begin investing in Plover Lake and Lindbergh Phase 2, and continue executing on drill-to-fill opportunities Capital Budget (Cmm)(1) Sources and Uses of…
Why Strathcona
Long Life Reserves Like its oil sand peers, Strathcona benefits from an exceptionally long reserves life (equal to 3x its non-oil sands Canadian and U.S. peers), providing a long-term, low-cost option on oil prices Proved (1P)…
High Margin Production Strathcona generates better profits per barrel than the median oil sands peer (and well above other Canadian peers) despite smaller projects and higher SORs, driven by premium realized pricing 1H 2025 Field…
Decades of Low Breakeven Drilling Inventory Strathcona can grow profitably due to the largest inventory of low breakeven drilling locations in North America, with more than 6x…
At An Attractive Relative Valuation Strathcona is currently trading at a 20% discount to its oil sands peers on a cash flow, free cash flow and NAV basis; the oil sands remains attractively valued vs U.S. peers on NAV TEV / DACF, TEV…
And An Improving Public Markets Profile Strathconas valuation remains discounted in part due to its small float and low trading volumes; each of these has improved since going public and is set to improve further in coming months…
Our 5-Year Plan
2026 2031 In Detail Growth spending is concentrated in 2026-2029 across SCR Cold Lake and SCR Lloydminster Thermal; assuming no reserves replacement, Strathcona will retain a 24-year 2P RLI in 2031 5 Year Plan (Mbbls / d)(1)…
Building Back What We Sold Strathconas 5-year plan builds a growth wedge with roughly the same production and RLI as its divested Montney business at an attractive build multiple and with substantially better margins 2026 2031 SCR…
Where and How We Sell Our Oil The majority of Strathconas incremental production growth will be sold to the US Gulf Coast via its owned and operated Hamlin Rail Terminal and new firm long-haul pipe capacity Oil Sales by End Market…
Meota Central Phase 1 + 2: More Of What Has Worked Meota Central is Strathconas largest undeveloped reservoir, directly offset its existing Meota operations; Strathcona plans to develop it with two small-scale, modular SAGD CPFs…
Plover: Our Highest Quality Reservoir, Now Ready for Prime Time Plover Lake is a high-quality reservoir which has been under-exploited by prior teams; Strathcona plans to develop it in two phases, targeting a best-in-class SOR…
Lindbergh Phase 2: The Rare Shovel-Ready Oil Sands Expansion Lindbergh Phase 2 is Strathconas largest brownfield SAGD project with the potential to more than double current production, bringing forward the assets ultra long-life…
Advisories FORWARD LOOKING INFORMATION of tariffs on Strathconas operations and its ability to effectively mitigate the Any forward-looking information contained herein is expressly qualified by this Certain statements contained in…
Advisories OIL AND GAS ADVISORIES assumptions of well performance in making investment decisions in relation to Production and Reserves Information development drilling in certain areas and for determining the success of the…
Non-GAAP Financial Measures and Ratios Non-GAAP financial measures and ratios are used internally by management to assess the performance of Strathcona. Six Months Ended June 30, 2025 They also provide investors with meaningful metrics…
Slide Notes Slide 2 1) Calculated as 3,169 million of debt, excluding unamortized debt issuance costs (per Q2 2025 Financial Statements) less 2,427 million cash proceeds from Montney asset sales less 902 million value of marketable…
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