Suncor Energy Investor Relations Presentation


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Suncor Energy Investor Relations Presentation

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Suncor Energy Investor Relations Presentation

  1. 1. Delivering ShareholDer value investor information
  2. 2. ForWarD-looKing STaTeMenTS This investor presentation contains certain forward-looking statements, including statements about Suncor’s growth strategy and expected future production, production capacity, production mix, operating and financial results that are based on Suncor’s current expectations and assumptions including our current capital spending plans. The forward-looking statements, identified by words such as “targets,” “estimates,” “anticipated,” “plan,” “vision,” “strategy,” “expect,” ”intention,” “schedule,” “proposed,” “may,” “outlook,” and “objectives,” are not guarantees of future performance. users of this information are cautioned that actual results may differ materially from those expressed or implied as a result of risks, uncertainties and other factors, such as changes in general economic, market, regulatory and business conditions; fluctuations in commodity prices and currency exchange rates; the successful and timely implementation of capital projects; the accuracy of cost estimates and uncertainties resulting from potential delays or changes in plans, among others. See Suncor’s current annual report, third quarter report and other documents Suncor files with securities regulatory authorities for further details, copies of which are available from the company. The forward-looking statements speak only as of the date hereof and Suncor undertakes no duty to update these statements to reflect subsequent changes in assumptions (or the trends or factors underlying them) or actual events or experience. Certain financial measures referred to in this presentation, such as return on capital employed (roCe), cash flow from operations and cash and total operating costs per barrel are not prescribed by Canadian generally accepted accounting principles (gaaP). For a reconciliation, see pages 46, 64 and 65 of Suncor’s 2007 annual report. november 2008 1
  3. 3. inTegraTeD STraTegy The Foundation of our Business
  4. 4. aBouT SunCor energy • integrated energy company - upstream, refining and marketing, pipelines and renewables • most experienced builder and operator in the oil sands – more than 40 years • today produces 30% of the oil sands industry’s total upgraded product; expected to maintain this position in 2013 • best growth rate in the oil sands industry: - production capacity expansion to 350,000 bpd - plan to increase capacity by 57% to 550,000 bpd in 2012 november 2008 3
  5. 5. STraTegy a staged approach to increasing To provide greater reliability and crude oil production capacity allows Suncor to better manage flexibility to our feedstock supplies, pro capital costs and incorporate we produce bitumen through our du own mining and in-situ recovery cti new ideas and new technologies on d into our facilities. bp technologies and supplement that tar 00 es ,0 50 d supply through third party agreements. bp ge c ur 0 00 ts ( 5, so d 11 bp Th ird 0 re 00 cap 5, pa d 22 bp rty aci 0 ty) 00 Mi bit 0, d nin 26 um bp g/E 0 en 00 xtr 0, d 35 bp In- act 0 sit 00 u ion 0, 55 er w To m cuu Va er 1, w 1 To r er de m d ra ra uu pg pg c Na Va U U tur nd – 2, al g 7 pa 2 6 r 19 Ex er as de ad ra – 98 r pg 2 pg r 19 U e U ad Fu d – an r tur 01 pg Ot p 20 e U Ex do he d – rc n wn 05 pa 3 ust 20 r Ex str de ea om – ra ers 8 m pg 0 20 int U eg – 12 De rat 20 We produce conventional natural ion nv gas as a price hedge against the er ref cost of energy consumption. Sa ine rni ry ar efi ts ne ry ke ar m No rth Am Suncor takes an active role in eri can connecting supply to consumer our investments in renewable wind ma energy and biofuels are a key part of rke demand with a diverse portfolio ts Suncor’s climate change action plan. of products, downstream assets and markets. november 2008 4
  6. 6. PhaSeD groWTh Suncor’s growth strategy is a combination of both small and large projects, incremental increases to bitumen production, improvements to existing operations and the addition of a third upgrading facility. Planned production What it will take Schedule capacity * to get us there Status 2005 2006 2007 2008 2009 2010 2011 2012 2013 Step 1 260,000 bpd expand bitumen supply Complete and upgrading capacity of existing facilities Step 2 350,000 bpd Further expansion Commissioning of existing upgrader, including two new coke drums and a sulphur recovery plant; investments to increase bitumen supply Step 3 550,000 bpd Construct in-situ regulatory approval expansion to feed for Stage 3 received; new upgrader (u3) still required for Stages 4, 5 and 6 Construct upgrader Construction (u3) and supporting underway infrastructure 550 * Capacity is not an indication of annual production, which can vary due to ramp-up periods, scheduled and unscheduled maintenance and other factors. november 2008 5
  7. 7. SigniFiCanT reSourCeS 2007 Remaining N Recoverable Resources er Riv mining 6.5 billion barrels sca ba ha in-situ 9.0 billion barrels At 15.5 billion barrels ad Ro rra nte Ca Fort McKay es elin g Pip e ba Fir Suncor mining leases Suncor in-situ leases Suncor base plant Fort McMurray