Suncor Alister Cowan, EVP & CFO Presentation to the Barclays Investment Grade Energy & Pipeline Conference March 4, 2015
Canadas leading integrated energy company Growing oil sands business with complementary upstream & downstream operations 61B enterprise value1 Dec 31, 2014 553 mb/d mb/d oil production Q4 2014 38 years 2P reserve life index2…
Quality reserves and long-life assets Reserve Life Index1 years (2P basis) years (1P basis) Quality reserve base 38 34 37 Suncor Almost 100% oil 24 Canadian peers2 21 14 Global peers2 38 year RLI1 11 US peers2 Lower oil sands…
Market access strategy for inland oil production Suncor has over 600 kb/d of near-term access to globally priced markets1 Fort McMurray Current1 Edmonton Existing pipelines and hubs 80+ kb/d rail loading and offloading Montreal…
Integration access to global market pricing Able to maximize the value of our crude oil production through integration Oil Sands 80% WTI-based prices Offshore and International Upstream Crude Production1 69% Refining &…
Disciplined capital and cost management Suncor Oil Sands Operations Capital & Cash Flow from Operations1 Cash Operating Costs1 C billions C/bbl CFOPs1 39.05 9.7 9.7 9.4 37.05 37.00 9.1 33.80 Capital & Exploration 30.00…
Financial resilience 10 Credit 8 undrawn facilities Hebron & As at Dec 31, 2014 C billions Fort Hills 6 Remaining CFOPs1 Cash projected capital 4 illustrative 2014 Sustaining spend & Cash Capital2 Equivalents 2016 &…
3 Financial strength: A low investment grade rating (Moodys/S&P/DBRS) Total debt to capitalization1 strong balance sheet per cent 25% 20% 24.3% excess liquidity 21.8% 21.9% 21.8% conservative debt structure 2011 2012 2013…
High quality mining, in situ and upgrading oil sands portfolio1 Base Plant Syncrude 350,000 b/d capacity Syncrude operated Suncor working interest 100% 42,000 b/d capacity (SU WI) 1,766 mmbbls 2P reserves Suncor working interest…
Fort Hills ramp-up is tracking key milestones 2014 safety and environment 2014 progress milestones market pricing 20% construction 65% engineering 5.5B capital cost estimate net to Suncor from project sanction to first…
Offshore oil projects with 470 million barrels of 2P reserves1 Terra Nova Hibernia Suncor Energy operated ExxonMobil operated Suncor working interest 37.675% Suncor working interest 20% 48 mmboe 2P reserves (SU WI) 104 mmboe 2P…
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