Q1 2015 Earnings Call – Tesoro Corporation

Tesoro Corporation · May 8, 2015 · 7 slides

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Slides

1st Quarter 2015 Earnings Slides May 8, 2015
2Q 2015 Outlook Pacific Mid- California Northwest Continent Consolidated Throughput 510 - 535 145 - 1551 110 - 120 765 - 810 (mbpd) Manufacturing Cost 5.65 - 5.90 4.75 - 5.00 5.00 - 5.25 5.40 - 5.65 (/bbl) in millions…
Net Earnings in millions Net Earnings Diluted EPS per share Attributable to Tesoro Corporation 396 from Continuing Operations 3.06 224 145 145 1.70 1.34 78 1.15 0.59 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 1Q 2014 2Q 2014…
1Q 2015 Cash Flow in millions 518 (604) 1,000 4 (343) (116) 459 Beginning Cash EBITDA Working Capital & Interest & Tax, Capex & Shareholder Ending Cash Other Net Turnaround Distributions & Buybacks 5
Throughput by Refining Region California Pacific Northwest MBPD MBPD 600 200 521 500 180 168 425 422 158 400 160 150 300 140 200 120 100 100 1Q 2014 1Q 2015 Guidance 1Q 2015 Actual 1Q 2014 1Q 2015 Guidance 1Q 2015…
Manufacturing Cost by Refining Region California Pacific Northwest /bbl /bbl 8.00 7.53 5.00 4.27 4.25 4.43 6.83 6.48 4.00 6.00 3.00 4.00 2.00 2.00 1.00 - - 1Q 2014 1Q 2015 Guidance 1Q 2015 Actual 1Q 2014 1Q 2015 Guidance…
Non-GAAP Financial Measures Three Months Ended Reconciliation of Net Earnings to EBITDA March 31, 2015 Net earnings 188 Depreciation and amortization expense 179 Income tax expense 96 Interest and financing costs, net 55 EBITDA 518…