Page 3 - Suncor 360 - Summer 2016

CONTENTS
IN THIS ISSUE:
SimplySteve–Howthe resbroughtoutourbest 02 News – Q2 at a glance 03 Quick bites – News from around the business 04 Feature – Upwards and onwards 05 Feature – One day at a time 08 Feature – It takes a village 10 Feature – Thanks Suncor! 14 Feature – With just the shirts on their backs 18 Facts and Stats 20 Calendar of Events 21
ON THE COVER:
Suncor’s emergency responders at Oil Sands Base Plant
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360
Suncor Energy Inc. Employee Communications PO Box 2844, 150 – 6 Avenue S.W.
Calgary, Alberta T2P 3E3
Toll Free: 1-866-SUNCOR-1
Website: suncor.com
360 editor
Erin Harde, 403-296-4751
Printed in Canada.
360 is published for employees of Suncor Energy
Questions and comments are welcome at 360@suncor.com
Information in this publication is current as of August 2, 2016
Advisories
Forward-Looking Statements – Suncor’s 360 publication contains certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of Canadian and U.S. securities laws. Some of the forward-looking statements may be identi ed by words such as “objective”, “targets”, “estimated”, “anticipate”, “plan”, “goal”, “strategy”, “expect”, “intended”, “continue”, “may”, “will”, “outlook”, “opportunity”, “illustrative”, “projected”, “focusing”, “aim”, “potential” and similar expressions. Forward-looking statements in this publication include references to: Suncor’s commitment to delivering safe, reliable and cost-effective operations and strong central programs; Suncor’s sustainability goals; the expectation that the equity issuance completed in the quarter will allow Suncor to provide ongoing balance sheet exibility; and statements around the Fort Hills mining project including that the company is targeting rst oil from the project at the end of 2017.
All forward-looking statements are based on Suncor’s current expectations, estimates, projections and assumptions that were made by the company in light of its experience and its perception of historical trends including: expectations and assumptions concerning the accuracy of reserves and resources estimates; commodity prices and interest and foreign exchange rates; capital ef ciencies and cost savings; applicable royalty rates and tax laws; future production rates; the suf ciency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; and the receipt, in a timely manner, of regulatory and third-party approvals. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to our company.
Suncor’s Management’s Discussion and Analysis dated July 27, 2016 (“MD&A”), Annual Information Form/Form 40-F, Annual Report to Shareholders and other documents it les from time to time with securities regulatory authorities describe the risks, uncertainties, material assumptions and other factors that could in uence actual results and such factors are incorporated herein by reference. Copies of these documents are available without charge from Suncor at 150 6th Avenue S.W., Calgary, Alberta T2P 3Y7, by calling 1-800-558-9071, or by email request to info@suncor.com or by referring to the company’s pro le on SEDAR at www.sedar.com or EDGAR at www.sec.gov. Except as required by applicable securities laws, Suncor disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Non-GAAP Measures – Certain nancial measures in this edition of 360 – namely cash ow from operations and operating (loss) earnings – are not prescribed by Canadian generally accepted accounting principles (“GAAP”). All non-GAAP measures presented herein do not have any standardized meaning and therefore are unlikely to be comparable to similar measures presented by other companies. Therefore, these non-GAAP measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. All non-GAAP measures are included because management uses the information to analyze business performance, leverage and liquidity and therefore may be considered useful information by investors. These non-GAAP measures are de ned and reconciled in the MD&A.
Barrels of Oil Equivalent – Certain natural gas volumes in this edition of 360 have been converted to barrels of oil equivalent (“boe”) on the basis of one barrel to six thousand cubic feet. Any gure presented in boe may be misleading, particularly if used in isolation. A conversion ratio of one barrel of crude oil or natural gas liquids to six thousand cubic feet of natural gas is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is signi cantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.
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