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
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. 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
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We produce conventional natural ion
nv
gas as a price hedge against the er
ref
cost of energy consumption. Sa ine
rni ry
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ts
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ry
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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. 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. 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
