Cenovus Energy Inc. · TSX:CVE
Cenovus Energy — Peters & Co. Limited Energy Conference 2015
7 slides from Cenovus Energy's conference presentation, Sep 15, 2015
Slide 1: Delivering value in a volatile market
Drew Zieglgansberger Delivering value in a Executive Vice-President, Oil Sands Manufacturing volatile market Peters & Co. Limited Energy Conference Toronto | September 15, 2015 Forward-looking information This presentation contains certain forward-looking statements and other information (collective
Slide 2: Oil & gas and financial information
Oil & gas and financial information Non-GAAP measures Certain financial measures in this presentation do not have a standardized meaning as prescribed by International Financial Reporting Standards (IFRS) such as cash flow, operating cash flow, free cash flow, operating free cash flow, debt, net deb
Slide 3: Delivering value in a volatile market
Delivering value in a volatile market • Continuing to focus on financial strength • Achieving sustainable cost reductions • Returns-focused capital allocation to top tier assets • Continuing to optimize the portfolio Continuing to focus on financial strength Creating financial resilience • Strong ba
Slide 4: Returns-focused capital allocation to top tier assets
Returns-focused capital allocation to top tier assets Foster Creek and Christina Lake remain top priority High priority Conventional Oil sands and downstream sustaining capital Emerging plays Dividend (20% to 25% of cash flow) FCCL growth Capital Growth projects: allocation Foster Creek/Christina La
Slide 5: Exceeding 2015 reduction targets
Achieving sustainable cost reductions Exceeding 2015 reduction targets $ million 500 Additional 2016 opportunities: 400 • Additional staff reductions 300 • Further reduction in costs Original target: $200 million • zero based modules 200 • supplier reductions • drilling efficiencies 100 0 Opex Capit
Slide 6: Top-tier SAGD operating costs
Achieving sustainable cost reductions Top-tier SAGD operating costs $/bbl 20 Foster Creek Christina Lake Industry average 15 10 5 0 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Foster Creek Q2 operating costs down 30% year-over-year Christina Lake Q2 operating costs down 31% year-over-year Source: Public
Slide 7: Investor relations contacts
Investor relations contacts Kam Sandhar Director, Investor Relations kam.sandhar@cenovus.com 403.766.5883 Graham Ingram Manager, Investor Relations graham.ingram@cenovus.com 403.766.2849 Anna Kozicky Senior Analyst, Investor Relations anna.kozicky@cenovus.com 403.766.4277 Steven Murray Senior Analys
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