PBF Logistics LP (NYSE: PBFX) Credit Suisse MLP and Energy Logistics Conference June 24, 2015
PBF Logistics LP Overview (NYSE: PBFX) PBF Logistics launched in May 2014 Market capitalization of 800 million(1) PBF Energy owns 54% of PBFX, 100% of the GP and IDRs Revenues supported by long-term agreements with minimum volume…
Summary of Assets and Timeline PBF Energy Completed announces 350 Million Chalmette IPO Bond Offering acquisition May September December May May June 2014 2014 2014 2015 2015 2015 Acquired Acquired Acquired West Rack Toledo…
PBFX Investment Highlights Strategically located, Highly integrated assets essential to the operations of PBFs refineries well-maintained and Significant high-quality, well-maintained suite of future acquisition opportunities at PBF…
PBF Energy Company Profile Market capitalization of 3.0 billion (1) Toledo Ba3 / BB- credit ratings Oil refineries in Ohio, Delaware, New Jersey and the pending Louisiana acquisition(2) Aggregate throughput capacity of 729,000…
PBF Energys Strengths as a Sponsor Significant acquisition experience Operational Long history of operating logistics and refining assets Excellent safety record; early adopter of rail safety initiatives Conservative financial…
Robust Drop-down Inventory Retained at PBF Significant growth potential through future drop- downs of logistics infrastructure retained by PBF Energy Approximately 200 million of drop-down EBITDA remaining at PBF Energy Additional…
PBFX Outlook and Strategy Focus on Stable, Focus on stable, take-or-pay business lines supported by long-term MVCs Take-or-Pay Demonstrate commitment to safe and reliable operations across all areas Business No direct commodity…
Appendix
Non-GAAP Financial Measures Our management uses EBITDA (earnings before interest, income taxes, depreciation and amortization) as a measure of operating performance to assist in comparing performance from period to period on a consistent…
PBFX 2015 Guidance All figures are based on actual results and estimates based on minimum volume commitments under existing long-term agreements FY 2015 FY 2015 Q1 2015 (Revised Guidance ( in millions) (Initial Guidance) (Actual) Q1…
Delaware City Products Pipeline 23 - mile, 16 interstate petroleum products pipeline with 125,000 bpd of throughput capacity Transports refined products (gasoline, ULSD and heating oil) from the Delaware City Refinery to Sunoco Logistics…
Delaware City Truck Rack Distributes on road fuels, heating oil and LPGs through a 15-lane truck loading facility with capacity of 76,000 bpd Products include E10 gasoline, ultra-low sulfur diesel (ULSD), ultra-low sulfur heating oil…
Toledo Storage Facility and LPG Truck Rack Storage facility and LPG truck rack serve Toledo refinerys operations and product distribution activities Services include: Crude oil and product storage Propane truck loading 30 tanks…
Delaware City Heavy Crude Unloading Rack West Rack - heavy crude oil rail unloading terminal Current discharge capacity: 40,000 bpd Unit-train capable, steam and nitrogen equipped to unload heavy crude oil and bitumen Construction…
Toledo Truck Terminal 15,000 bpd truck crude unloading facility Services PBFs 170,000 bpd Toledo refinery Primarily receives locally-gathered, cost-advantaged crude oil Potential for growth through increased production in nearby…
Delaware City Loop Track Light crude oil rail unloading terminal Supports Delaware City and Paulsboro refineries Combined refining capacity: 370,000 bpd Supplies cost-advantaged, light crude oil from Western Canada and U.S.…
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