sunoco Lehman Brothers Presentation

Lehman Brothers Energy/Power Conference

T. W. Hofmann SVP & CFO September 2, 2008

2

Safe Harbor StatementStatements in this presentation that are not historical facts are forward-looking statements intended to be covered by the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based upon assumptions by Sunoco concerning future conditions, any or all of which ultimately may prove to be inaccurate, and upon the current knowledge, beliefs and expectations of Sunoco management. These forward-looking statements are not guarantees of future performance.

Forward-looking statements are inherently uncertain and involve significant risks and uncertainties that could cause actual results to differ materially from those described during this presentation. Such risks and uncertainties include economic, business, competitive and/or regulatory factors affecting Sunoco's business, as well as uncertainties related to the outcomes of pending or future litigation. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Sunoco has included in its Annual Report on Form 10-K for the year ended December 31, 2007, and in its subsequent Form 10-Q and Form 8-K filings, cautionary language identifying important factors (though not necessarily all such factors) that could cause future outcomes to differ materially from those set forth in the forward-looking statements. For more information concerning these factors, see Sunoco's Securities and Exchange Commission filings, available on Sunoco's website at www.SunocoInc.com. Sunoco expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

This presentation includes certain non-GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided in the Appendix at the end of the presentation. Investors are urged to consider carefully the comparable GAAP measures and the reconciliations to those measures provided in the Appendix, or on our website at www.SunocoInc.com.

3

Summary

g

U.S. petroleum refining company with value-added non-refining businesses

g

Managing refining market volatility with targeted refinery upgrade projects and growing contributions from non-refining assets

g

Consistent long-term strategy that emphasizes capital discipline, returning cash to shareholders and maintaining financial flexibility

4

Income (Loss) Before Special Items*, MM$

2

833

9791,012

629

335

($200)

$0

$200

$400

$600

$800

$1,000

$1,200

2003 2004 2005 2006 2007 1H08

Non-Refining Refining & Supply Total Sunoco

* For reconciliation to Net Income, see slide A5.

5

Market Environment

g

Weak refining market in 1H08, particularly for gasoline0Lower gasoline demand (economy/price level)0More ethanol supply0Rising crude oil prices and premiums for

light/sweet grades

g

Falling oil prices in 3Q08 helpful but fundamental refined product supply/demand outlook remains challenging

6

Implied U.S. Gasoline Demand Growth, %

Source: Energy Information Administration, U.S. Department of Energy

-4%

-3%

-2%

-1%

0%

1%

2%

3%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2008 vs. 2007

2007 vs 2006

U.S. Gasoline Demand2007: + 0.8%2008 YTD: - 1.1%

7

Gasoline Refining MarginsCrude Oil and Gasoline Prices, $/B

Jan 2006 – Aug 2008

Source:- Crude Oil – Dated Brent- Wholesale Gasoline – New York Harbor Unleaded 87 Regular

50

60

70

80

90

100

110

120

130

140

150

Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08

$/B

CrudeOil

Wholesale Gasoline

2006 2007 2008

8

Sunoco Response

g

Maximize benefit of 2007 refining capital investment to improve operating flexibility and product yield

g

Plan to reduce purchases of higher-cost Nigerian- sourced crude in 3Q08

g

Continue to maximize value of non-refining businesses

g

Maintain financial flexibility and liquidity

9

Northeast Refining Operations

37.8%

36.1%

36.3%35.5%

34.5%35.1%

7.5%

8.2%8.7%

9.7%

9.1%9.6%

30%

33%

35%

38%

40%

1Q07 2Q07 3Q07 4Q07 1Q08 2Q08

% D

istil

late

7.5%8.0%8.5%9.0%9.5%10.0%10.5%11.0%11.5%12.0%

% R

esid

Northeast% of Net Production

Distillate

Residual Fuel

g

Less low-valued residual fuel and more high- valued distillate

g

Helped by 2007 expansion and modification of Philadelphia catalytic cracking unit

10

MidContinent% of Net Production

42.2%39.9%

46.2%46.6%

47.6%

51.2%

48.3%

32.6%

34.7%33.0%

30.8%32.3%

30%33%35%38%40%43%45%48%50%53%

1Q07 2Q07 3Q07 4Q07 1Q08 2Q08

% G

asol

ine,

Dis

tilla

te

Distillate

Gasoline

g

Less gasoline and more high-valued distillateg

Helped by 2007 debottleneck of Toledo crude unit

MidContinent Refining Operations

11

Nigerian Crude Purchases*, MB/D

90

306319337356

0

50

100

150

200

250

300

350

400

2006 2007 1Q08 2Q08 3Q08 Proj

* For use in the Northeast Refining system

12

2003 2004 2005 2006 2007 1H08

Income, MM$ 91 68 30 76 69 26 EBITDA, MM$* 244 217 155 233 221 96

Avg. Capital Employed, MM$ 565 574 569 549 539 583

Retail Marketing

Performance:g

Margins and earnings volatile within the year but relatively stable income and cash generation

g

Recent declines in wholesale gasoline prices leading to improvement in retail gasoline margins

Strategic View:g

Integrated with Sunoco’s refinery gasoline productiong

Continue to structure retail portfolio for optimum return

* For reconciliation to Net Income, see Slide A7.

13

2003 2004 2005 2006 2007 1H08

Income, MM$ 53 94 94 43 26 21EBITDA, MM$* 149 223 223 135 115 67

Avg. Capital Employed, MM$ 934 1,012 1,029 1,043 1,031 987

Chemicals

Performance:g

Rising feedstock costs have squeezed margins in soft end-use markets

Strategic View:g

Consistent free cash flow generationg

Pursuing strategic opportunities to improve returns and maximize value


14

Logistics Cash To Sunoco, Inc.*, MM$

Existing

HH2

Existing

HH2HH2

ExistingExisting

HH2

Existing

Existing

* Excludes cash related to sales of Limited Partner units: $96MM in 2002, $83MM in 2004 and $99MM in 2005.

2135 39 39

5063

80

g

43% ownership interest (12.1 MM L.P. units plus 100% of general partner) in Sunoco Logistics Partners L.P. (NYSE: SXL)

g

Implied value of Sunoco’s SXL General and Limited Partner interests of approximately $1.2 billion

g

Expectations for continued growth

$0

$20

$40

$60

$80

$100

2002 2003 2004 2005 2006 2007 CurrentAnnualized

LP DistributionGP Distribution

15

Cokeg

Business distinct from oil industry0

Metallurgical grade coke for steel industry

0

Long-term contracts

0

15% IRR targets

0

Coal costs contractually passed on to customers

0

Growing profitability from company-owned coal operations

g

Strong demand for new plants0

Reliable supply of quality coke using environmentally superior technology

g

Growing income contribution0

2008 net income expected to be $110-115MM (EBITDA of $165-170MM*)

0

End-of-2010 net income run rate of approximately $210MM (EBITDA of $350MM*)


16

Jewel Coke

Indiana Harbor

Existing facilities

Headquarters

Haverhill

KnoxvilleGranite City

SunCoke Energy Operations

Middletown

Announced facilities

Jewell Coal

Vitória

Brazil

Coke Capacity

MtonsJewell 700Indiana Harbor 1,250Haverhill I 550Vitória, Brazil 1,700 Existing Assets 4,200

Haverhill II (2H08) 550Granite City (4Q09) 650Middletown (2010) 550 Announced Growth 1,750

17

0

50

100

150

200

250

2007 2008 2009 2010 2011 2012

$MM

Existing

Haverhill 2

Granite City

AK Middletown

Coke Outlook – Net Income

29

110

195 185210 210

18

Financial Flexibility

Existing

HH2

Gateway

Existing

HH2

Gateway

ExistingExisting

Existing

Existing

* Revolver Covenant basis. For calculation, see Slide A6.

g

BBB investment grade credit

g

$2 billion of committed liquidity0$1.3 billion revolving credit agreement – Sunoco

($1.2 billion through Aug 2012 and $0.1 billion through Aug 2011)

0$0.2 billion A/R Securitization – Sunoco (through Aug 2009)

0$0.5 billion revolving credit agreement – SXL($0.4 billion through Nov 2012 and $0.1 billion through May 2009)

Net Debt-to-Capital Ratio*, %

37%27%

40%

17%

37%42%

0%

20%

40%

60%

12/31/03 12/31/04 12/31/05 12/31/06 12/31/07 6/30/08

19

Key Takeaways

g

Fundamental supply/demand outlook for refined products remains challenging

g

Sunoco responding to market environment

0Refining operating flexibility through optimized product yields and crude sourcing

0Maximize the value of the non-refining businesses

0Maintain financial flexibility and liquidity

Appendix

Long-Term Consistent Strategy

0

2

4

6

8

10

12

14

2000 2001 2002 2003 2004 2005 2006 2007 1H08

ShareBuyback & Dividends

GrowthCapital &

Acquisitions

Capital Expenditures

Cumulative Cash Spending(Billions of $ - 2000 to 1H08)

$3.7 B

$2.6 B

$5.4 B

g

Get more from existing assetsg

Opportunistically upgrade the asset baseg

Return cash to the shareholdersg

Maintain financial strength

A1

Sunoco, Inc.

Refining & Supply1,215

Chemicals975

RetailMarketing

620

Coke490

Logistics500

Total = $4.2 billion

Corp.440

Capital Employed, MM$6/30/08

g

Founded in 1886

g

NYSE: SUN

g

2007 Revenue = $45 billion

g

As of 6/30/08:0$14.3 billion in assets0$ 4.8 billion in market cap0116.9 MM shares outstanding0About 14,200 employees

g

Five Business Lines0340 MMB / yr. refining prod.05 billion gal. / yr. retail fuel sales05 billion lbs / yr. chemical

merchant sales0Logistics MLP (NYSE:SXL)

owned 43% by Sunoco, Inc.04.2 MM tons / yr. coke prod.

A2

Sunoco Operations

RefineriesChemical PlantsCoke PlantsTerminalRetail MarketingWestern Pipeline SystemEastern Pipeline System

PhiladelphiaMarcus Hook Refinery

Tulsa

Jewell

IndianaHarbor Haverhill

Neal

Toledo

Frankford

Marcus Hook Polypropylene

La PorteNederlandBayport

Eagle Point

A3

Summary of Results

2003 2004 2005 2006 2007 1H08

Income before Special Items, MM$ * 335 629 1,012 979 833 2Income before Special Items, $/share * 2.16 4.20 7.36 7.59 6.94 0.02ROCE, % ** 13.2 21.7 32.4 28.3 21.0 0.9

Debt / Capital, % (GAAP Basis) 51 48 41 49 41 43Debt / Capital, % (Revolver Basis)*** 42 37 17 40 27 37

Share Repurchase, MM$ 136 568 435 871 300 49

Shares O/S @ Period-end, MM 150.8 138.7 133.1 121.3 117.6 116.9Share Price @ Period-end, $/share 25.58 40.86 78.38 62.36 72.44 40.69

* Reconciliation of Income before Special Items to Net Income provided on Slide A5.

** Calculated using Income before Special Items.

*** Revolver covenant calculation. See reconciliation on Slide A6.

A4

Earnings Profile

2003 2004 2005 2006 2007 1H08Income (Loss), MM$ after tax: Refining & Supply 261 541 947 881 772 (91) Retail Marketing 91 68 30 76 69 26 Chemicals 53 94 94 43 26 21 Logistics 26 31 22 36 45 36 Coke 43 40 48 50 29 48 Corporate Expenses (40) (67) (84) (58) (67) (28) Net Financing Expenses & Other (99) (78) (45) (49) (41) (10) Income Before Special Items 335 629 1,012 979 833 2

Special Items (23) (24) (38) - 58 21 Net Income 312 605 974 979 891 23

EPS (Diluted): Income before Special Items 2.16 4.20 7.36 7.59 6.94 0.02 Special Items (0.15) (0.16) (0.28) - 0.49 0.18

Net Income 2.01 4.04 7.08 7.59 7.43 0.20

A5

Financial Ratios, MM$ (except ratios)

Period-End

2003 2004 2005 2006 2007 6/30/08

Total Debt (GAAP Basis) 1,601 1,482 1,411 1,987 1,728 1,826 Plus: Debt Guarantees 12 11 7 5 3 3 Less: Cash 431 405 919 263 648 214 Net Debt (Revolver Covenant Basis) 1,182 1,088 499 1,729 1,083 1,615 Shareholders’ Equity (GAAP Basis) 1,556 1,607 2,051 2,075 2,533 2,414 SXL * Minority Interest 104 232 397 503 356 367 Equity (Revolver Covenant Basis) 1,660 1,839 2,448 2,578 2,889 2,781 Debt / Capital (GAAP Basis) 51% 48% 41% 49% 41% 43%

Net Debt / Capital ** (Revolver Covenant Basis) 42% 37% 17% 40% 27% 37%

* Sunoco Logistics Partners L.P. (NYSE: SXL).** The Net Debt / Capital ratio is used by Sunoco management in its internal financial analysis and

by investors and creditors in the assessment of Sunoco’s financial position.

A6

EBITDA Reconciliation to Net Income (Loss), MM$

A7

Refining Retail Refining Retail& Supply Marketing Chemicals Coke & Supply Marketing Chemicals Coke

EBITDA 581 244 149 79 EBITDA 1,692 233 135 70 Less: Depreciation 165 99 65 13 Less: Depreciation 225 104 74 18 Less: Income Tax 155 54 31 23 Less: Income Tax 586 53 18 2

Net Income 261 91 53 43 Net Income 881 76 43 50


EBITDA 1,096 217 223 71 EBITDA 1,495 221 115 34 Less: Depreciation 188 106 70 13 Less: Depreciation 240 108 75 20 Less: Income Tax 367 43 59 18 Less: Income Tax 483 44 14 (15)

Net Income 541 68 94 40 Net Income 772 69 26 29


EBITDA 1,783 155 223 85 EBITDA (21) 96 67 73 Less: Depreciation 201 105 71 16 Less: Depreciation 131 52 33 11 Less: Income Tax 635 20 58 21 Less: Income Tax (61) 18 13 14

Net Income 947 30 94 48 Net Income (Loss) (91) 26 21 48

2006

2007

2003

2004

2005 1H08

Capital Program by Business Unit, MM$ Proj. 2006 2007 2008 Refining & Supply 712 700 734 Retail Marketing 112 111 149 Chemicals 62 66 52 Logistics* 119 120 144 Coke* 14 182 316 Total 1,019 1,179 1,395

2006

2007

2008

Logistics Organic Growth 89 94 117 Coke (Haverhill II) - 165 81 Coke (Granite City, IL) - - 145 Coke (Middletown, OH) - - 67

* Excludes $109MM of Logistics acquisitions and $155MM for the acquisition of the minority interest in Jewell Coke in 2006, a $39MM investment in Brazilian cokemaking operations in 2007 and $200MM of Logistics acquisitions in 2008.

Includes Logistics and Coke organic growth spending as follows:

A8

Capital Program by Category, MM$

Proj. 2006 2007 2008 Base Maintenance / Turnaround 350 455 550

Regulatory / Required 282 230 260 632 685 810 Income Improvement* 387 494 585 Total 1,019 1,179 1,395

* Includes Sunoco Logistics and Coke organic growth investments. For detail, see slide A8.A9

Share Repurchase Activity Shares

RepurchasedTotal Cost

Average Price

(MM) (MM$) ($/share) 2000 10.4 144 13.87 2001 21.4 393 18.32 2002 -- -- -- 2003 5.8 136 23.36 2004 15.9 568 35.68 2005 6.7 435 64.57 2006 12.2 871 71.13 2007 4.0 300 75.35 1H08 0.8 49 63.27 Total 77.2 2,896 37.46

Net Share Reduction since Jan 2000 = 35%Shares O/S at 6/30/08 = 116.9MMRemaining Authorization at 6/30/08 = $600MM

A10

Dividend Increases

140% increase over past six years

Annualized Dividend $1.10$1.00

$0.80

$0.60$0.55$0.50

$1.20

3Q03 4Q03 3Q04 2Q05 2Q06 2Q07 2Q08

A11

2003 2004 2005 2006 2007 1H08Income (Loss), MM$ 261 541 947 881 772 (91) EBITDA, MM$* 581 1,096 1,783 1,692 1,495 (21)

Total Prod. Available for Sale, MB/D Northeast 523 676 692 670 673 622 MidContinent 231 227 235 233 233 222 Total Refining & Supply 754 903 927 903 906 844 Realized Gross Margin, $/B

Northeast 4.63 6.36 8.35 7.92 7.38 5.28 MidContinent 5.05 6.12 9.54 12.46 13.17 5.07 Total Refining & Supply 4.76 6.30 8.65 9.09 8.87 5.23 Avg. Capital Employed, MM$

793

797

809

1,231

1,394

1,182

ROCE, % 33% 68% 117% 72% 55% (8%)

Refining & Supply

* For reconciliation to Net Income (Loss), see Slide A7. A12

Proj. 2006 2007 2008 Base Infrastructure 135 184 209 Turnarounds 65 97 115

Sub-Total Sustaining 200 281 324

Major Projects 512 419 410

Total 712 700 734

Refining & Supply Capital Program, MM$

A13

2007 Refining Capital Projects

g

Philadelphia FCC Expansion / Resid Processing0 Completed April 2007; Total Cost: $525MM0 Expands capacity to upgrade residual fuel and adds

crude slate flexibility for Northeast system0 In 2008: Capture full-year benefit of $85MM net

income* and continue to optimize operations

g

Toledo Crude Unit Debottleneck0 Completed in July 2007; Total Cost: $53MM0 Expanded refining capacity and increased jet fuel

production0 In 2008: Capture current full-year benefit of $30MM

net income** and resolve fouling issues

** Assumes average light product margins included in project economics of $15/B over crude on 10 MB/D.* Assumes $25/B upgrade included in project economics from residual fuel to gasoline/distillate on 17 MB/D.

A14

Major 2008-2009 Refining Projects

g

Philadelphia Hydrocracker Conversion (Est. Completion: 2009)0

Estimated Capital: $285MM

0

Replace approximately 35 MB/D of LSD currently sold into fuels market under Temporary Compliance Order (500 ppm sulfur)

0

Upgrade approximately 10 MB/D of heating oil to ULSD

0

Full-year benefit of $55MM net income (25% IRR) (assumes $6.50/B uplift included in project economics from heating oil to ULSD on 45 MB/D)

g

Toledo Hydrocracker Conversion (Est. Completion: 2008)0


0

Expand hydrocracker by 3-5 MB/D

g

Toledo Environmental New Source Review (Est. Completion: 2009)0


0

Comply with environmental agreement and enable potential refinery expansion in the future

A15

Refining Product Yield – 1H08

Gasoline47%Distillate

37%

Residual Fuel6%

Total Production Available for Sale = 844 MB/D

Petrochemicals & Lubricants

5%

Other5%

A16

Refining Product Yield – 1H08

A17

Northeast Refining

MidContinent

Refining

Total Refining & Supply

Gasoline Production, MB/D 295.4 98.1 393.5 RFG 57% 0% 42% Conventional 43% 100% 58% Distillate Production, MB/D 229.1 81.1 310.2 On-Road Diesel Fuel 53% 29% 47% Heating Oil / Off-Road Diesel 29% 29% 29% Jet Fuel 16% 42% 22% Kerosene / Other 2% 0% 2%

Nigeria, 41%

Chad, 10%Other Africa, 12%

Canada, 8%

Venezuela, 3%

Former Soviet Union, 6%

North Sea, 1%

USA, 19%

Sunoco Crude Supply – 1H08

A18

Sweet* Crude Availability to Sunoco

Caspian0.8 MMB/D

North Africa2.8 MMB/D

West Africa5.0 MMB/D

North Sea3.5 MMB/D

Eastern Canada

0.4 MMB/D

Western Canadian Sweet

1.0 MMB/D

SouthAmerica

0.5 MMB/DColumbia / Venezuela

* <0.5% sulfurSource: Sunoco estimates

U.S.0.7 MMB/D

10.7

14.717.2

0

4

8

12

16

20

2005 Current 2009 Estimate

MM

B/D

A19

2003 2004 2005 2006 2007 1H08

Income, MM$ 91 68 30 76 69 26 EBITDA, MM$* 244 217 155 233 221 96

Retail Gasoline Margin, cpg 10.3 9.8 8.1 9.9 9.3 9.2 Retail Gasoline Sales, MMgal 4,239 4,555 4,573 4,648 4,614 2,210

Acquisition Capital, MM$ 162 181 - - - - Divestment Proceeds, MM$ 74 193 50 46 65 8

Total Retail Outlets (at period end) 4,528 4,804 4,763 4,691 4,684 4,714 Convenience Stores (at period end) 813 757 746 739 728 710

Avg. Capital Employed, MM$ 565 574 569 549 539 583 ROCE, % 16% 12% 5% 14% 13% 4%

Retail Marketing

A20* For reconciliation to Net Income, see Slide A7.

3,033

538

1,143

Retail Marketing Channels

33%

23%

44%

Co-ops

Dealers

Distributors

Co-ops

DealersDistributors

Gasoline Volume1H08

Retail Site Count6/30/08

Total: 2.2 billion gallons Total: 4,714 sitesA21

2003 2004 2005 2006 2007 1H08

Income, MM$ 53 94 94 43 26 21 Avg. Chemicals Margin, cpp 9.5 11.0 12.1 9.9 9.8 9.9

Sales Volume, MMlbs Phenol & Related 2,629 2,615 2,579 2,535 2,508 1,190 Polypropylene 2,248 2,239 2,218 2,243 2,297 1,131

Acquisition Capital, MM$ 198 40 - - - - Divestment Proceeds, MM$ - 105 - - - -

Avg. Capital Employed, MM$ 934 1,012 1,029 1,043 1,031 987 ROCE, % 6% 9% 9% 4% 3% 2%

Chemicals

A22

Chemicals

PolypropylenePhenol & Related

LyondellBasell 3.2 Sunoco 1.8* ExxonMobil 2.7 Shell 1.3 Sunoco 2.5 Ineos 1.3 Total 2.5 Mount Vernon 0.7 Ineos 2.3 (Sabic/Citgo/JLM) Formosa 1.8 Dow/Carbide 0.6 Dow 0.9 Georgia Gulf 0.5 Others 5.1 Others 0.2 Total 21.0 Total 6.4

Capital Employed: $975 Million(as of 06/30/08) Polypropylene Phenol

North AmericaEffective Annual Industry Capacity, billion lbs

Source: 2008 Chemical Data & Sunoco Estimates

A23* Includes 750 MM lbs long-term cost-based contract to Honeywell

1,3441,432

461546

840

1,032 1,000

1,442

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2/8/02 12/31/02 12/31/03 12/31/04 12/31/05 12/31/06 12/31/07 6/30/2008

MM$

Sunoco Logistics Partners L.P. (SXL)SXL Market Capitalization

(LP Interest Only)

Value to Sunoco, Inc.g

Current LP Distribution: $3.74/unit annualizedSunoco LP Ownership: 12.1 MM units

g

Current GP Distribution: $9MM per quarterSunoco 100% owner of GP

(IPO)

As of 8/27/08: $1,384MM

A24

SXL Distributions

g

Current annual distribution of $3.74/unit (approximate 8% yield) and approximately $80MM of LP/GP distributions to Sunoco

50 / 50

75 / 2585 / 15

Distribution(per unit)

LP/GPSplit (%)

$1.60

$2.00

$2.40

$2.80

$3.20

$3.60

1Q02

2Q02

3Q02

4Q02

1Q03

2Q03

3Q03

4Q03

1Q04

2Q04

3Q04

4Q04

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

108% Distribution Growth

A25

98 / 2

SunCoke Energy Plants

InvestmentCoke

Capacity Energy MM$ Mtons Generation In Service

Jewell N/A 700 N/A 1979Indiana Harbor 195 1,250 steam 1998Haverhill I 150 550 steam 2005Vitória, Brazil 41 1,700 power 2007 Existing Assets 386 4,200

Haverhill II 250 550 power** Est. 2H08Granite City 300 650 steam Est. 4Q09Middletown 350 550 power** Est. 2010 Announced Growth 900 1,750

* Represents equity ownership interests.

** Haverhill II and Middletown will have Sunoco-owned co-generation facilities, each capable of generating 46 MW of power per year.

*

A26

Coke Outlook – EBITDA*, MM$

Existing

HH2

Gateway

AK Middletown

1 New Project (200 Oven)

Existing

HH2

Gateway

AK Middletown

AK Middletown

Gateway

HH2

Existing


Existing

Gateway

AK Middletown

Existing

Haverhill 2

Granite City

AK Middletown

050

100150200250300350400

2007 2008 2009 2010 2011 2012

Existing

Haverhill 2

Granite City

AK Middletown

34

165

235

315350 350

A27

SunCoke Energy Ovens

A28

SunCoke Energy Oven Battery (Indiana Harbor)

A29

A30

Coke EBITDA Reconciliation to Net Income, $MM

Total SunCoke Energy 2007 2008 2009* 2010* 2011* 2012* EBITDA 34 165 235 315 350 350 Less: Depreciation 20 25 37 49 50 51 Less: Income Tax 3 47 68 95 105 100 Plus: Tax Credits 18 17 65 14 15 11 Net Income 29 110 195 185 210 210

* Assumes average contract coal price $125/T…each +/- $25/T price change ~approximately $20MM net income** Includes (one time) Section 48B credit of approximately $40MM

**

(excludes any net financing costs )

For More Information

Media releases and SEC filings are available on our website at www.SunocoInc.com

Contact for more information:Tom HarrInvestor [email protected]

A31

Economy & Finance

sunoco Lehman Brothers Presentation