Delek US Holdings, Inc. Investor Presentation March 2014
Delek US Holdings Overview Integrated Downstream Energy Company Refining Segment Operates 140,000 BPD of combined refined production capacity in Texas and Arkansas Logistics ) Segment (1) Owned crude/product terminals and pipeline…
Well Positioned Mid-Continent Refining System Strategically Located Assets Provide Access to Cost-Advantaged Feedstocks El Dorado Crude Source (4Q13) Rail Gulf Coast 13% 1% Woodford Permian Up to 45,000 bpd Rail Capacity at…
Refining Segment Operational Update
U.S. Refining Environment Trends(1) Refined Product Margins and WTI-Linked Feedstock Favor Delek US (1) (2) (2) 50 Brent-WTI Cushing Spread Per Barrel WTI 5-3-2 Gulf Coast Crack Spread Per Barrel LLS 5-3-2 Gulf Coast Crack Spread Per…
Market Fundamentals(1) Market Highlights WTI Cushing Prices ( per barrel) Improving light product prices Declining crude prices improving residual margins, 104.79 106.62 106.42 particularly asphalt at El Dorado 100.69 100.30…
Tyler Refinery Overview Niche Refinery with Access to WTI Midland Based Crude Supply Inland PADD III refinery located in East Texas Serves an niche market in the Tyler, TX area; priced above Gulf Coast markets 4Q13 Crude Source 4Q13…
El Dorado Refinery Overview Improving Niche Market Position with a Crude Slate Weighted to WTI-Linked Crude Inland PADD III refinery located in Southern Arkansas Improved flexibility during 1Q14 turnaround; FCC reactor replaced; DHT…
Rail Unloading Improved Crude Access at El Dorado Improved Crude Rail Capacity Rail offloading racks at refinery plus third party facility Supplying Multiple Crude Sources Increased access to additional crudes (Bakken, Eagle Ford,…
Significant Organic Growth / Margin Enhancement Opportunities Completed low-cost, high-return capital projects at El Dorado and Tyler SCOPE COST TIMING El Dorado Flexibility Enhanced during Jan./Feb. 2014 Turnaround Increase ULSD…
Logistics and Retail Operational Update
Delek Logistics Partners, LP Overview (NYSE: DKL) DKL Asset Overview 450 miles of crude and product transportation pipelines, including the 185 mile crude oil pipeline from Longview to Nederland, TX 600 mile crude oil gathering…
DKL: Strong Performance & Value Creation Since IPO A Powerful Strategic Partner Performance Since IPO Midstream MLP with long-term contracts 175% providing stable, growing cash flow Supports Delek US profitable and strategically…
DKL: Several Visible Pathways to Growth Dropdowns 5 - 10 Million of potential EBITDA expected to be dropped down over next 12 months in addition to recently completed Tyler and El Dorado asset drop downs from Delek 25,000 bpd (light…
DKL :Recent Acquisitions Approximately 22.1 million of annual EBITDA First drop down from Delek US since the IPO, acquired July 26, 2013 Tyler Tank Purchase price: 94.8 million Assets Include: Farm and 72,000 bpd capacity product…
Strong Retail Presence Expanding Market Footprint in Markets Capable of Being Supplied by El Dorado Markets gasoline, diesel and merchandise through a network of retail fuel and convenience stores throughout Kentucky and Mississippi…
Financial Update
Solid Financial Performance & Delivering Value to Shareholders Financial Highlights Historical Contribution Margin (MM) (1)(2) 2013 cash flow supported capital program, acquisitions and cash returned to shareholders 659 Ended 2013…
Going Forward
Significant Organic Growth / Margin Enhancement Opportunities We anticipate continued growth in our business in 2014 and beyond STRATEGIC INITIATIVES COMPLETED BENEFIT (1) TIMING Crude Slate improvement- Increased Now 87k bpd of…
Questions and Answers Large, Complementary Logistics, Marketing and Retail Systems Strategically Positioned Strong Balance Sheet Refining Platform Significant Organic Focus on Shareholder Growth / Margin Returns…
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