Suncor Energy Inc. · TSX:SU
Suncor Energy — Merger or Acquisition (January 2016)
12 slides from Suncor Energy's merger presentation, Jan 5, 2016
Slide 1: Suncor's Offer for Canadian Oil Sands Limited
Suncor's Offer for Canadian Oil Sands Limited Information for Canadian Oil Sands Limited (COS) Shareholders – Published January 5, 2016 Premium Value and a Significantly Reduced Risk Profile Tender your shares now Please review Advisories section
Slide 2: Advisories
Advisories NOTICE TO U.S. HOLDERS The Offer (as defined herein) described in the Offer Documents (as defined herein) is being made for the securities of a Canadian issuer by a Canadian issuer that is permitted, under a multijurisdictional disclosure system adopted by the United States, to prepare th
Slide 3: Advisories (continued)
Advisories (continued) OFFER DOCUMENTS This presentation does not constitute an offer to buy or sell, or an invitation or a solicitation of an offer to buy or sell, any securities of Suncor or COS. The exchange offer (the “Offer”) by Suncor to purchase the COS common shares and any accompanying righ
Slide 4: Advisories (continued) Forward-Looking Statements (Continued)
Advisories (continued) Forward-Looking Statements (Continued) All figures and descriptions provided herein related to the proposed transaction, including those around consideration, key metrics, pro forma ownership, reasons for the Offer, potential benefits to Suncor and COS shareholder and expected
Slide 5: If you do nothing, you say "no" to immediate value
If you do nothing, you say “no” to immediate value Share price premium 42% to the COS pre-offer price1 Immediate dividend uplift 45% increase over current COS dividend Based on the closing price of Suncor on the TSX on January 4, 2016. Includes distributions on COS predecessor’s trust units prior to
Slide 6: Recent history has seen share prices fall sharply after offers were withdrawn
Recent history has seen share prices fall sharply after offers were withdrawn WTI The value of your investment is at risk if the Suncor offer goes away COS share price expected to decline if Suncor offer goes away The possible drop in COS share price assumes that the COS share price falls back to th
Slide 7: COS has limited potential to increase dividends this decade
COS has limited potential to increase dividends this decade “When there’s been so many years of underperformance, you can’t bake any enhanced performance into any of the numbers we look at and that’s what has brought us to this negative outlook for them,” – Terry Marshall, Moody’s Canada Senior Vice
Slide 8: COS– a history of over promising and under delivering
COS– a history of over promising and under delivering “Whenever Canadian Oil Sands comes out with guidance, the presumption is that it will not be met,… When Suncor comes out with guidance, the expectation is that they will meet or beat guidance.” – Randy Ollenberger, BMO Capital Markets Research An
Slide 9: Protect your investment – every share counts
Protect your investment – every share counts Oil prices have fallen to the mid- $30’s (US$) with no relief in sight Canadian Oil Sands is bleeding cash Operational problems at Syncrude continue COS has acknowledged no better offer is coming Sharp drop in COS share price almost certain if COS shareho
Slide 10: Appendix
Appendix Suncor )
Slide 11: Current tender process, timing and instructions
Current tender process, timing and instructions (subject to change) Offer expires Friday, January 8th at 6 pm MT (8 pm ET) Registered COS shareholders wanting to benefit from the Offer must complete and deliver Letter of Transmittal and share certificates to Depositary Beneficial (i.e. non-registere
Slide 12: Visit us at the Investor Centre on Suncor.com
Visit us at the Investor Centre on Suncor.com 1-800-558-9071 offer@suncor.com Investor Relations Contacts Steve Douglas David Burdziuk Leigh MacComb Sam Enns Vice President IR Manager IR Analyst IR Associate IR Exhibit 2 Explanatory Note: The following is a transcript of the audio portion of a webca