Investor Presentaiton
Syncrude strategy
Capturing value of transition to owner-operator model
Production
kbd
90
60
30
■ Successful partner engagement and collaboration
delivered transformational step in asset strategy
▸ Transitioned from Syncrude to Suncor as operator 2021
Synergies of $300M gross through regional efficiencies
> Integrated projects, maintenance and support organizations
▷ Target savings of $200M in first 12 months.
■ Increasing volumes through reliability improvements,
increased utilization and turnaround execution
Targeting <$US 30/bbl unit cash costs¹
0
2016-2019
2020
2021
2022-2026
> Driven by increased production and cost efficiencies
Production Imperial share, before royalties
1 Non-GAAP financial ratio - see supplemental information for definition and reconciliation
Imperial | 2022 | 40View entire presentation