Investor Presentaiton
0
100
2015-2017
200
kbd
300
Kearl journey
Stable, reliable operations enabling acceleration of optimization phase
2018-2020
2021
2022
2023
Production
Unit Cash Cost
2024
Production 100% interest, before royalties
1 Non-GAAP financial ratio - see supplemental information for definition and reconciliation
2025 - 2026
$US/bbl
40
20
20
0
Targeting 280 kbd in 2024, earlier than prior outlook
▷ Accelerated turnaround strategy
▷ Debottlenecking, reliability, and maintenance improvements
> Enhanced mine planning and improved recovery
▷ Digital initiatives
Continuing to drive down unit cash cost¹ <$20 USD/bbl
> Focus on structural cost reductions
> Efficient volumes growth
▷ Digital and technology targeted at cost improvement
Evaluating future production potential 280-300 kbd
▷ Enhanced recovery, plant debottlenecks, mine fleet expansion
Imperial | 2022 | 31View entire presentation