PBF Energy (NYSE: PBF) Chalmette Refining, LLC Acquisition Update July 30, 2015
Transaction Overview June 18, 2015, PBF announced transaction to acquire Chalmette Refining, LLC for 322 million plus working capital Assets to be acquired include: 189,000 bpd Chalmette Refinery 100% MOEM Pipeline LLC (MOEM…
Acquisition Highlights Immediately accretive to earnings Provides geographic diversification into PADD 3 and increases PBFs refining capacity by 35% Expanded commercial and optimization opportunities Opportunity to improve crude…
PBFs Chalmette Anticipated EBITDA Improvements in millions (except where noted) EBITDA(1) Acquisition Case 160 Crude sourcing and product distribution Commercial Optimization 55 70 optimization Margin improvement initiatives…
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…