Page 3 - Suncor 360 - Summer 2017

CONTENTS
IN THIS ISSUE:
Simply Steve – Together, we’re making history 02 Quick bites – News from around the business 03 Feature – Through the oil sands of time 04 Feature – Growing with community 06 Feature – Our roots run deep 09 Feature – Thanks for the memories 14 Feature – On the cutting edge 16 Feature – Points of interest 18 Facts and Stats – Go big 19 Views – Hometown proud 20 Calendar of Events 21
09
Our ELT members talk
about Suncor's contributions to Canada and reveal their most Canadian traits.
16
18
20
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 June 16, 2017
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”, “targeted”, “estimated”, “anticipate”, “planned”, “goal”, “strategy”, “expect”, “intended”, “continue”, “may”, “will”, “outlook”, “opportunity”, “illustrative”, “projected”, “focus”, “aim”, “potential”, “scheduled”, “would”, “could”, “future”, “may” and similar expressions. Forward-looking statements in this publication include references to: Suncor’s social goal; rst oil from the Hebron project targeted for Q4 2017; Suncor’s continued growth and success; factors that will allow Suncor to be competitive; the expectation that Fort Hills will deliver 50 years into the future; expectations for oil continuing to be part of the energy future globally; the expectation that a decision on the potential implementation of AHS will be made in the fall of 2017; and new technologies and potential bene ts thereof.
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; the performance of assets and equipment; capital ef ciencies and cost savings; applicable laws and government policies, including 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; the satisfaction by third parties of their obligations to Suncor; 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 April 26, 2017 (the “MD&A”) and Suncor's Annual Information Form, Form 40-F and Annual Report to Shareholders, each dated March 1, 2017, 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 3E3, 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 Oil Sands operations cash operating costs – 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.
01
SUMMER 2017
360