Investor Presentaiton
Kearl journey
Stable, reliable operations enabling optimization phase
Production
kbd
300
200
100
Ramp up
Stable
COVID
Crushers
Unit P&M expenses
$US/bbl
40
Optimization
2015-17
2018-19
2020 OL
Production
Unit P&M expense
Production 100% interest, before royalties
2021-22
2023-24
2025+
20
20
0
Reliability focus delivering improvements
▷ Resolved significant reliability 'bad actors'
> Extraction and froth treatment upgrades
> Supplemental crushers enabling 240+ kbd
> Improved mine fleet availability and utilization
K
1880-2020
YEARS
■ 255 kbd, $US 20/bbl in 2021, ahead of prior view
Clear pathway to 280+ kbd
> Turnaround interval extension (2022)
> Plant debottlenecking
> Enhanced mine planning and bitumen recovery
▸ Digital initiatives
Imperial 2020 35View entire presentation