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  • 1. Lehman Brothers Energy/Power Conference T. W. Hofmann SVP & CFO September 2, 2008
  • 2. Safe Harbor Statement Statements in this presentation that are not historical facts are forward-looking statements intended to be covered by the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based upon assumptions by Sunoco concerning future conditions, any or all of which ultimately may prove to be inaccurate, and upon the current knowledge, beliefs and expectations of Sunoco management. These forward-looking statements are not guarantees of future performance. Forward-looking statements are inherently uncertain and involve significant risks and uncertainties that could cause actual results to differ materially from those described during this presentation. Such risks and uncertainties include economic, business, competitive and/or regulatory factors affecting Sunoco's business, as well as uncertainties related to the outcomes of pending or future litigation. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Sunoco has included in its Annual Report on Form 10-K for the year ended December 31, 2007, and in its subsequent Form 10-Q and Form 8-K filings, cautionary language identifying important factors (though not necessarily all such factors) that could cause future outcomes to differ materially from those set forth in the forward-looking statements. For more information concerning these factors, see Sunoco's Securities and Exchange Commission filings, available on Sunoco's website at www.SunocoInc.com. Sunoco expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. This presentation includes certain non-GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided in the Appendix at the end of the presentation. Investors are urged to consider carefully the comparable GAAP measures and the reconciliations to those measures provided in the Appendix, or on our website at www.SunocoInc.com. 2
  • 3. Summary U.S. petroleum refining company with value-added g non-refining businesses Managing refining market volatility with targeted g refinery upgrade projects and growing contributions from non-refining assets Consistent long-term strategy that emphasizes g capital discipline, returning cash to shareholders and maintaining financial flexibility 3
  • 4. Income (Loss) Before Special Items*, MM$ $1,200 1,012 979 $1,000 833 $800 629 $600 335 $400 $200 2 $0 ($200) 2003 2004 2005 2006 2007 1H08 Non-Refining Refining & Supply Total Sunoco * For reconciliation to Net Income, see slide A5. 4
  • 5. Market Environment Weak refining market in 1H08, particularly for g gasoline 0 Lower gasoline demand (economy/price level) 0 More ethanol supply 0 Rising crude oil prices and premiums for light/sweet grades Falling oil prices in 3Q08 helpful but fundamental g refined product supply/demand outlook remains challenging 5
  • 6. Implied U.S. Gasoline Demand Growth, % 3% 2007 vs 2006 2% 1% 0% -1% 2008 vs. 2007 -2% U.S. Gasoline Demand 2007: + 0.8% -3% 2008 YTD: - 1.1% -4% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: Energy Information Administration, U.S. Department of Energy 6
  • 7. Gasoline Refining Margins Crude Oil and Gasoline Prices, $/B Jan 2006 – Aug 2008 150 2008 2007 2006 140 130 120 110 Wholesale $/B 100 Gasoline 90 80 70 Crude 60 Oil 50 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Source: - Crude Oil – Dated Brent - Wholesale Gasoline – New York Harbor Unleaded 87 Regular 7
  • 8. Sunoco Response Maximize benefit of 2007 refining capital investment g to improve operating flexibility and product yield Plan to reduce purchases of higher-cost Nigerian- g sourced crude in 3Q08 Continue to maximize value of non-refining g businesses Maintain financial flexibility and liquidity g 8
  • 9. Northeast Refining Operations Northeast % of Net Production 40% 12.0% 11.5% 37.8% 11.0% 38% 36.3% 10.5% Distillate % Distillate 35.5% % Resid 35.1% 10.0% 36.1% 34.5% 35% 9.7% 9.5% 9.6% 9.0% 9.1% 8.7% 33% 8.5% 8.2% 8.0% 7.5% Residual Fuel 30% 7.5% 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 Less low-valued residual fuel and more high- g valued distillate Helped by 2007 expansion and modification of g Philadelphia catalytic cracking unit 9
  • 10. MidContinent Refining Operations MidContinent % of Net Production 53% 51.2% 50% 48% 46.2% % Gasoline, Distillate 48.3% 47.6% 46.6% 45% 43% Gasoline 42.2% 40% 39.9% 38% 34.7% 35% Distillate 33.0% 32.3% 30.8% 33% 32.6% 30% 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 Less gasoline and more high-valued distillate g Helped by 2007 debottleneck of Toledo crude unit g 10
  • 11. Nigerian Crude Purchases*, MB/D 400 356 337 350 319 306 300 250 200 150 90 100 50 0 2006 2007 1Q08 2Q08 3Q08 Proj * For use in the Northeast Refining system 11
  • 12. Retail Marketing 2003 2004 2005 2006 2007 1H08 Income, MM$ 91 68 30 76 69 26 EBITDA, MM$* 244 217 155 233 221 96 Avg. Capital Employed, MM$ 565 574 569 549 539 583 Performance: g Margins and earnings volatile within the year but relatively stable income and cash generation g Recent declines in wholesale gasoline prices leading to improvement in retail gasoline margins Strategic View: g Integrated with Sunoco’s refinery gasoline production g Continue to structure retail portfolio for optimum return 12 * For reconciliation to Net Income, see Slide A7.
  • 13. Chemicals 2003 2004 2005 2006 2007 1H08 Income, MM$ 53 94 94 43 26 21 EBITDA, MM$* 149 223 223 135 115 67 Avg. Capital Employed, MM$ 934 1,012 1,029 1,043 1,031 987 Performance: g Rising feedstock costs have squeezed margins in soft end-use markets Strategic View: g Consistent free cash flow generation g Pursuing strategic opportunities to improve returns and maximize value 13 * For reconciliation to Net Income, see Slide A7.
  • 14. Logistics Cash To Sunoco, Inc.*, MM$ $100 LP Distribution 80 $80 GP Distribution 63 $60 50 39 39 35 $40 21 $20 $0 2002 2003 2004 2005 2006 2007 Current Annualized HH2 HH2 HH2 HH2 Existing 43% ownership interest (12.1 MM L.P. units plus 100% of general g Existing Existing partner) in Sunoco LogisticsExisting Partners L.P. (NYSE: SXL) Existing Existing Implied value of Sunoco’s SXL General and Limited Partner g interests of approximately $1.2 billion Expectations for continued growth g * Excludes cash related to sales of Limited Partner units: $96MM in 2002, $83MM in 2004 and $99MM in 2005. 14
  • 15. Coke Business distinct from oil industry g 0 Metallurgical grade coke for steel industry 0 Long-term contracts 0 15% IRR targets 0 Coal costs contractually passed on to customers 0 Growing profitability from company-owned coal operations Strong demand for new plants g 0 Reliable supply of quality coke using environmentally superior technology Growing income contribution g 0 2008 net income expected to be $110-115MM (EBITDA of $165-170MM*) 0 End-of-2010 net income run rate of approximately $210MM (EBITDA of $350MM*) 15 * For reconciliation to Net Income, see Slide A30.
  • 16. SunCoke Energy Operations Coke Capacity Mtons Indiana Jew ell 700 Harbor Indiana Harbor 1,250 Haverhill I 550 Middletown Vitória, Brazil 1,700 Haverhill Existing Assets 4,200 Jewell Coal Haverhill II (2H08) 550 Granite City (4Q09) 650 Jewel Coke Middletow n (2010) 550 Knoxville Announced Grow th 1,750 Granite City Existing facilities Brazil Announced facilities Headquarters Vitória 16
  • 17. Coke Outlook – Net Income 250 210 210 195 185 200 AK Middletown 150 Granite City $MM Haverhill 2 110 100 Existing 29 50 0 2007 2008 2009 2010 2011 2012 17
  • 18. Financial Flexibility Net Debt-to-Capital Ratio*, % 60% 42% 40% 37% 37% 40% 27% 17% 20% 0% Gateway Gateway 12/31/03 12/31/04 12/31/05 12/31/06 12/31/07 6/30/08 HH2 HH2 BBB investment grade credit g Existing Existing Existing $2 billion of committed liquidity Existing g Existing Existing 0$1.3 billion revolving credit agreement – Sunoco ($1.2 billion through Aug 2012 and $0.1 billion through Aug 2011) 0$0.2 billion A/R Securitization – Sunoco (through Aug 2009) 0$0.5 billion revolving credit agreement – SXL ($0.4 billion through Nov 2012 and $0.1 billion through May 2009) 18 * Revolver Covenant basis. For calculation, see Slide A6.
  • 19. Key Takeaways Fundamental supply/demand outlook for refined g products remains challenging Sunoco responding to market environment g 0 Refining operating flexibility through optimized product yields and crude sourcing 0 Maximize the value of the non-refining businesses 0 Maintain financial flexibility and liquidity 19
  • 20. Appendix
  • 21. Long-Term Consistent Strategy Cumulative Cash Spending (Billions of $ - 2000 to 1H08) 14 Get more from existing assets g 12 Opportunistically upgrade the asset base g Share Return cash to the shareholders g 10 $3.7 B Buyback & Dividends Maintain financial strength g 8 Growth $2.6 B Capital & 6 Acquisitions 4 Capital $5.4 B Expenditures 2 0 2000 2001 2002 2003 2004 2005 2006 2007 1H08 A1
  • 22. Sunoco, Inc. Capital Employed, MM$ Founded in 1886 g 6/30/08 NYSE: SUN g 2007 Revenue = $45 billion g Corp. As of 6/30/08: g 440 0$14.3 billion in assets Coke 0$ 4.8 billion in market cap Refining & Supply 490 1,215 0116.9 MM shares outstanding 0About 14,200 employees Logistics Five Business Lines g 500 0340 MMB / yr. refining prod. Retail 05 billion gal. / yr. retail fuel sales Marketing Chemicals 620 05 billion lbs / yr. chemical 975 merchant sales 0Logistics MLP (NYSE:SXL) owned 43% by Sunoco, Inc. Total = $4.2 billion 04.2 MM tons / yr. coke prod. A2
  • 23. Sunoco Operations Toledo Frankford Eagle Point Indiana Philadelphia Harbor Haverhill Marcus Hook Refinery Neal Marcus Hook Polypropylene Jewell Tulsa Refineries Chemical Plants Coke Plants Terminal Retail Marketing Western Pipeline System La Porte Bayport Eastern Pipeline System Nederland A3
  • 24. Summary of Results 2003 2004 2005 2006 2007 1H08 Income before Special Items, MM$ * 335 629 1,012 979 833 2 Income before Special Items, $/share * 2.16 4.20 7.36 7.59 6.94 0.02 ROCE, % ** 13.2 21.7 32.4 28.3 21.0 0.9 Debt / Capital, % (GAAP Basis) 51 48 41 49 41 43 Debt / Capital, % (Revolver Basis)*** 42 37 17 40 27 37 Share Repurchase, MM$ 136 568 435 871 300 49 Shares O/S @ Period-end, MM 150.8 138.7 133.1 121.3 117.6 116.9 Share Price @ Period-end, $/share 25.58 40.86 78.38 62.36 72.44 40.69 * Reconciliation of Income before Special Items to Net Income provided on Slide A5. ** Calculated using Income before Special Items. *** Revolver covenant calculation. See reconciliation on Slide A6. A4
  • 25. Earnings Profile 2003 2004 2005 2006 2007 1H08 Income (Loss), MM$ after tax: Refining & Supply 261 541 947 881 772 (91) Retail Marketing 91 68 30 76 69 26 Chemicals 53 94 94 43 26 21 Logistics 26 31 22 36 45 36 Coke 43 40 48 50 29 48 Corporate Expenses (40) (67) (84) (58) (67) (28) Net Financing Expenses & Other (99) (78) (45) (49) (41) (10) Income Before Special Items 335 629 1,012 979 833 2 (24) (38) - 58 21 Special Items (23) Net Income 312 605 974 979 891 23 EPS (Diluted): Income before Special Items 2.16 4.20 7.36 7.59 6.94 0.02 Special Items (0.15) (0.16) (0.28) - 0.49 0.18 Net Income 2.01 4.04 7.08 7.59 7.43 0.20 A5
  • 26. Financial Ratios, MM$ (except ratios) Period-End 2003 2004 2005 2006 2007 6/30/08 Total Debt (GAAP Basis) 1,601 1,482 1,411 1,987 1,728 1,826 Plus: Debt Guarantees 12 11 7 5 3 3 Less: Cash 431 405 919 263 648 214 Net Debt (Revolver Covenant Basis) 1,182 1,088 499 1,729 1,083 1,615 Shareholders’ Equity (GAAP Basis) 1,556 1,607 2,051 2,075 2,533 2,414 232 397 503 356 367 SXL * Minority Interest 104 Equity (Revolver Covenant Basis) 1,660 1,839 2,448 2,578 2,889 2,781 Debt / Capital (GAAP Basis) 51% 48% 41% 49% 41% 43% Net Debt / Capital ** (Revolver Covenant Basis) 42% 37% 17% 40% 27% 37% * Sunoco Logistics Partners L.P. (NYSE: SXL). ** The Net Debt / Capital ratio is used by Sunoco management in its internal financial analysis and by investors and creditors in the assessment of Sunoco’s financial position. A6
  • 27. EBITDA Reconciliation to Net Income (Loss), MM$ 2003 2006 Refining Retail Refining Retail & Supply Marketing Chemicals Coke & Supply Marketing Chemicals Coke EBITDA 581 244 149 79 EBITDA 1,692 233 135 70 Less: Depreciation 165 99 65 13 Less: Depreciation 225 104 74 18 Less: Income Tax 155 54 31 23 Less: Income Tax 586 53 18 2 Net Income 261 91 53 43 Net Income 881 76 43 50 2004 2007 Refining Retail Refining Retail & Supply Marketing Chemicals Coke & Supply Marketing Chemicals Coke EBITDA 1,096 217 223 71 EBITDA 1,495 221 115 34 Less: Depreciation 188 106 70 13 Less: Depreciation 240 108 75 20 Less: Income Tax 367 43 59 18 Less: Income Tax 483 44 14 (15) Net Income 541 68 94 40 Net Income 772 69 26 29 2005 1H08 Refining Retail Refining Retail & Supply Marketing Chemicals Coke & Supply Marketing Chemicals Coke EBITDA 1,783 155 223 85 EBITDA (21) 96 67 73 Less: Depreciation 201 105 71 16 Less: Depreciation 131 52 33 11 Less: Income Tax 635 20 58 21 Less: Income Tax (61) 18 13 14 Net Income 947 30 94 48 Net Income (Loss) (91) 26 21 48 A7
  • 28. Capital Program by Business Unit, MM$ Proj. 2006 2007 2008 Refining & Supply 712 700 734 Retail Marketing 112 111 149 Chemicals 62 66 52 Logistics* 119 120 144 182 316 Coke* 14 Total 1,019 1,179 1,395 * Excludes $109MM of Logistics acquisitions and $155MM for the acquisition of the minority interest in Jewell Coke in 2006, a $39MM investment in Brazilian cokemaking operations in 2007 and $200MM of Logistics acquisitions in 2008. Includes Logistics and Coke organic growth spending as follows: 2006 2007 2008 Logistics Organic Growth 89 94 117 Coke (Haverhill II) - 165 81 Coke (Granite City, IL) - - 145 Coke (Middletown, OH) - - 67 A8
  • 29. Capital Program by Category, MM$ Proj. 2006 2007 2008 Base Maintenance / 350 455 550 Turnaround Regulatory / Required 282 230 260 632 685 810 Income Improvement* 387 494 585 Total 1,019 1,179 1,395 * Includes Sunoco Logistics and Coke organic growth investments. For detail, see slide A8. A9
  • 30. Share Repurchase Activity Shares Total Average Repurchased Cost Price (MM) (MM$) ($/share) 2000 10.4 144 13.87 2001 21.4 393 18.32 2002 -- -- -- 2003 5.8 136 23.36 2004 15.9 568 35.68 2005 6.7 435 64.57 2006 12.2 871 71.13 2007 4.0 300 75.35 1H08 0.8 49 63.27 Total 77.2 2,896 37.46 Net Share Reduction since Jan 2000 = 35% Shares O/S at 6/30/08 = 116.9MM Remaining Authorization at 6/30/08 = $600MM A10
  • 31. Dividend Increases $1.20 Annualized Dividend $1.10 $1.00 $0.80 $0.60 $0.50 $0.55 3Q03 4Q03 3Q04 2Q05 2Q06 2Q07 2Q08 140% increase over past six years A11
  • 32. Refining & Supply 2003 2004 2005 2006 2007 1H08 Income (Loss), MM$ 261 541 947 881 772 (91) EBITDA, MM$* 581 1,096 1,783 1,692 1,495 (21) Total Prod. Available for Sale, MB/D Northeast 523 676 692 670 673 622 MidContinent 231 227 235 233 233 222 Total Refining & Supply 754 903 927 903 906 844 Realized Gross Margin, $/B Northeast 4.63 6.36 8.35 7.92 7.38 5.28 MidContinent 5.05 6.12 9.54 12.46 13.17 5.07 Total Refining & Supply 4.76 6.30 8.65 9.09 8.87 5.23 Avg. Capital Employed, MM$ 793 797 809 1,231 1,394 1,182 ROCE, % 33% 68% 117% 72% 55% (8%) A12 * For reconciliation to Net Income (Loss), see Slide A7.
  • 33. Refining & Supply Capital Program, MM$ Proj. 2006 2007 2008 Base Infrastructure 135 184 209 Turnarounds 65 97 115 Sub-Total Sustaining 200 281 324 Major Projects 512 419 410 Total 712 700 734 A13
  • 34. 2007 Refining Capital Projects Philadelphia FCC Expansion / Resid Processing g 0 Completed April 2007; Total Cost: $525MM 0 Expands capacity to upgrade residual fuel and adds crude slate flexibility for Northeast system 0 In 2008: Capture full-year benefit of $85MM net income* and continue to optimize operations Toledo Crude Unit Debottleneck g 0 Completed in July 2007; Total Cost: $53MM 0 Expanded refining capacity and increased jet fuel production 0 In 2008: Capture current full-year benefit of $30MM net income** and resolve fouling issues * Assumes $25/B upgrade included in project economics from residual fuel to gasoline/distillate on 17 MB/D. ** Assumes average light product margins included in project economics of $15/B over crude on 10 MB/D. A14
  • 35. Major 2008-2009 Refining Projects Philadelphia Hydrocracker Conversion (Est. Completion: 2009) g 0 Estimated Capital: $285MM 0 Replace approximately 35 MB/D of LSD currently sold into fuels market under Temporary Compliance Order (500 ppm sulfur) 0 Upgrade approximately 10 MB/D of heating oil to ULSD 0 Full-year benefit of $55MM net income (25% IRR) (assumes $6.50/B uplift included in project economics from heating oil to ULSD on 45 MB/D) Toledo Hydrocracker Conversion (Est. Completion: 2008) g 0 Estimated Capital: $1MM 0 Expand hydrocracker by 3-5 MB/D Toledo Environmental New Source Review (Est. Completion: 2009) g 0 Estimated Capital: $450MM 0 Comply with environmental agreement and enable potential refinery expansion in the future A15
  • 36. Refining Product Yield – 1H08 Other Petrochemicals 5% & Lubricants 5% Residual Fuel 6% Gasoline 47% Distillate 37% Total Production Available for Sale = 844 MB/D A16
  • 37. Refining Product Yield – 1H08 Total Northeast MidContinent Refining Refining Refining & Supply Gasoline Production, MB/D 295.4 98.1 393.5 RFG 57% 0% 42% Conventional 43% 100% 58% Distillate Production, MB/D 229.1 81.1 310.2 On-Road Diesel Fuel 53% 29% 47% Heating Oil / Off-Road Diesel 29% 29% 29% Jet Fuel 16% 42% 22% Kerosene / Other 2% 0% 2% A17
  • 38. Sunoco Crude Supply – 1H08 USA, 19% North Sea, 1% Nigeria, 41% Former Soviet Union, 6% Venezuela, 3% Canada, 8% Other Africa, Chad, 10% 12% A18
  • 39. Sweet* Crude Availability to Sunoco Western Canadian Caspian North Sea Sweet 0.8 MMB/D 3.5 MMB/D 1.0 MMB/D Eastern Canada 0.4 MMB/D U.S. 0.7 MMB/D North Africa 2.8 MMB/D West Africa 5.0 MMB/D South America 20 17.2 0.5 MMB/D 14.7 16 Columbia / Venezuela MMB/D 10.7 12 8 4 0 2005 Current 2009 Estimate * <0.5% sulfur Source: Sunoco estimates A19
  • 40. Retail Marketing 2003 2004 2005 2006 2007 1H08 Income, MM$ 91 68 30 76 69 26 EBITDA, MM$* 244 217 155 233 221 96 Retail Gasoline Margin, cpg 10.3 9.8 8.1 9.9 9.3 9.2 Retail Gasoline Sales, MMgal 4,239 4,555 4,573 4,648 4,614 2,210 Acquisition Capital, MM$ 162 181 - - - - Divestment Proceeds, MM$ 74 193 50 46 65 8 Total Retail Outlets (at period end) 4,528 4,804 4,763 4,691 4,684 4,714 Convenience Stores (at period end) 813 757 746 739 728 710 Avg. Capital Employed, MM$ 565 574 569 549 539 583 ROCE, % 16% 12% 5% 14% 13% 4% * For reconciliation to Net Income, see Slide A7. A20
  • 41. Retail Marketing Channels Gasoline Volume Retail Site Count 1H08 6/30/08 Co-ops Co-ops 538 23% Dealers Distributors Distributors 44% 1,143 3,033 Dealers 33% Total: 4,714 sites Total: 2.2 billion gallons A21
  • 42. Chemicals 2003 2004 2005 2006 2007 1H08 Income, MM$ 53 94 94 43 26 21 Avg. Chemicals Margin, cpp 9.5 11.0 12.1 9.9 9.8 9.9 Sales Volume, MMlbs Phenol & Related 2,629 2,615 2,579 2,535 2,508 1,190 Polypropylene 2,248 2,239 2,218 2,243 2,297 1,131 Acquisition Capital, MM$ 198 40 - - - - Divestment Proceeds, MM$ - 105 - - - - Avg. Capital Employed, MM$ 934 1,012 1,029 1,043 1,031 987 ROCE, % 6% 9% 9% 4% 3% 2% A22
  • 43. Chemicals North America Capital Employed: $975 Million Effective Annual Industry Capacity, billion lbs (as of 06/30/08) Phenol Polypropylene LyondellBasell 3.2 Sunoco 1.8* ExxonMobil 2.7 Shell 1.3 Sunoco 2.5 Ineos 1.3 Total 2.5 Mount Vernon 0.7 Phenol & Ineos 2.3 (Sabic/Citgo/JLM) Related Polypropylene Formosa 1.8 Dow/Carbide 0.6 Dow 0.9 Georgia Gulf 0.5 Others 5.1 Others 0.2 Total 21.0 Total 6.4 Source: 2008 Chemical Data & Sunoco Estimates * Includes 750 MM lbs long-term cost-based contract to Honeywell A23
  • 44. Sunoco Logistics Partners L.P. (SXL) SXL Market Capitalization MM$ (LP Interest Only) 1,800 As of 8/27/08: $1,384MM 1,600 1,442 1,432 1,344 1,400 1,200 1,032 1,000 1,000 840 800 546 Value to Sunoco, Inc. 600 461 Current LP Distribution: $3.74/unit annualized g Sunoco LP Ownership: 12.1 MM units 400 Current GP Distribution: $9MM per quarter g 200 Sunoco 100% owner of GP 0 2/8/02 12/31/02 12/31/03 12/31/04 12/31/05 12/31/06 12/31/07 6/30/2008 (IPO) A24
  • 45. SXL Distributions LP/GP Distribution Split (%) (per unit) th Grow ion tribut $3.60 50 / 50 Dis 108% $3.20 $2.80 75 / 25 $2.40 85 / 15 $2.00 98 / 2 $1.60 1Q02 2Q02 3Q02 4Q02 1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 Current annual distribution of $3.74/unit (approximate 8% yield) g and approximately $80MM of LP/GP distributions to Sunoco A25
  • 46. SunCoke Energy Plants Coke Investm ent Capacity Energy Mtons Generation In Service MM$ Jew ell N/A 700 N/A 1979 Indiana Harbor 195 1,250 steam 1998 Haverhill I 150 550 steam 2005 41* Vitória, Brazil 1,700 pow er 2007 Existing Assets 386 4,200 Haverhill II 250 550 pow er** Est. 2H08 Granite City 300 650 steam Est. 4Q09 Middletow n 350 550 pow er** Est. 2010 Announced Grow th 900 1,750 * Represents equity ownership interests. ** Haverhill II and Middletown will have Sunoco-owned co-generation facilities, A26 each capable of generating 46 MW of power per year.
  • 47. Coke Outlook – EBITDA*, MM$ 400 350 350 350 315 AK Middletown 300 AK Middletown AK Middletown 1 New Project (200 Oven) 235 250 Granite City AK Middletown Granite City Gateway Haverhill 2 200 165 AK Middletown AK Middletown Haverhill 2 Gateway 150 Gateway Gateway 100 HH2 HH2 HH2 34 Existing Existing 50 Existing Existing Existing Existing 0 2007 2008 2009 2010 2011 2012 A27 * For reconciliation to Net Income, see Slide A30.
  • 48. SunCoke Energy Ovens A28
  • 49. SunCoke Energy Oven Battery (Indiana Harbor) A29
  • 50. Coke EBITDA Reconciliation to Net Income, $MM (excludes any net financing costs ) Total SunCoke Energy 2007 2008 2009* 2010* 2011* 2012* EBITDA 34 165 235 315 350 350 Less: Depreciation 20 25 37 49 50 51 Less: Income Tax 3 47 68 95 105 100 65 ** Plus: Tax Credits 18 17 14 15 11 Net Income 29 110 195 185 210 210 * Assumes average contract coal price $125/T…each +/- $25/T price change ~approximately $20MM net income A30 ** Includes (one time) Section 48B credit of approximately $40MM
  • 51. For More Information Media releases and SEC filings are available on our website at www.SunocoInc.com Contact for more information: Tom Harr Investor Relations 1-215-977-6764 tmharr@sunocoinc.com A31