Suncor(SU) - 2023 Q3 - Earnings Call Presentation

Financial Performance & Capital Allocation - Market capitalization in Q3 2023 was $61 billion [3] - Adjusted Funds From Operations (AFFO) for Q3 Year-To-Date (YTD) reached $9.3 billion [105] - Free Funds Flow (FFF) for Q3 YTD was $5.0 billion [111] - Net debt to AFFO ratio for Q3 2023 Trailing Twelve Months (TTM) stood at 1.0x [104] - Capital expenditures for Q3 YTD totaled $4.3 billion [12] - The company anticipates spending between $5.4 to $5.8 billion in capital in 2023 [15] - Approximately 60% of 10-year cumulative AFFO (less sustaining capital expenditure) has been returned to shareholders [33] Operational Highlights - Refining capacity is 466 thousand barrels per day (mbpd) [4] - Base Plant upgrader utilization steadily increased to approximately 90% [19] - Oil sands reserve life index in 2022 was 26 years [11] - Mining operations produce approximately 900 mbpd, with approximately 600 mbpd net [116] - Upgrading operations produce approximately 700 mbpd, with approximately 550 mbpd net [116] Sustainability & GHG Reduction - The company has a GHG emissions objective of net zero by 2050 [41] - The company is aiming for a 10 Mt per year reduction by 2030 [140]