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Acquisition of Exxon Mobils Torrance Refinery – Pbf Energy Inc.

Pbf Energy Inc. · Oct 1, 2015 · 13 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Acquisition of Exxon Mobils Torrance Refinery – Pbf Energy Inc. – slide 1
    PBF Energy (NYSE: PBF) Acquisition of ExxonMobils Torrance Refinery October 1, 2015
  2. Acquisition of Exxon Mobils Torrance Refinery – Pbf Energy Inc. – slide 2
    Acquisition Highlights Further demonstrates PBFs growth and diversification strategies Announced acquisitions of Torrance and Chalmette refineries represent 60% increase in refining capacity above current levels Provides geographic…
  3. Acquisition of Exxon Mobils Torrance Refinery – Pbf Energy Inc. – slide 3
    Transaction Overview Assets to be acquired include: 155,000 bpd Torrance Refinery, Nelson Complexity Index 14.9 High-conversion refinery with the ability to process low API, high TAN and high Sulfur crudes Multiple crude and…
  4. Acquisition of Exxon Mobils Torrance Refinery – Pbf Energy Inc. – slide 4
    Financial Overview 537.5 million purchase price for Torrance Refinery and associated logistics assets Purchase funded with a combination of cash, debt and equity Net working capital of approximately 200 million, based on 50 per barrel…
  5. Acquisition of Exxon Mobils Torrance Refinery – Pbf Energy Inc. – slide 5
    PBFs Growing Logistics Drop-Down Inventory Addition of Torrance related logistics assets increases drop-down EBITDA inventory by more than 50 million to 280 million Backlog increase bolsters 15% distribution growth CAGR for PBF…
  6. Acquisition of Exxon Mobils Torrance Refinery – Pbf Energy Inc. – slide 6
    Attractive Purchase Price 1,800 1,600 1,400 Refinery Cost, /Complexity-Barrel 1,200 1,000 800 600 400 200 0 Denotes PBF Refinery 7
  7. Acquisition of Exxon Mobils Torrance Refinery – Pbf Energy Inc. – slide 7
    PBFs Expected EBITDA Growth 1,600 1,470 Expected EBITDA(1,2) ( millions) 1,400 360 1,200 1,000 260 800 600 400 850 200 0 PBF Base Chalmette Torrance PBF Pro Forma Chalmette Assumptions(3) Torrance Assumptions(3)…
  8. Acquisition of Exxon Mobils Torrance Refinery – Pbf Energy Inc. – slide 8
    PBFs Growing Industry Position Total Throughput Capacity (kbpd) 2,540 2,231 1,644 917 884 443 210 185 151 140 74 VLO PSX MPC TSO PBF* HFC ALJ CVI WNR DK NTI Weighted Average Nelson Complexity: 12.4 11.0 11.7 10.2 12.2…
  9. Acquisition of Exxon Mobils Torrance Refinery – Pbf Energy Inc. – slide 9
    PBFs Diversified and Growing Refining System 884,000 barrels per day of throughput capacity in four PADDs(1) Toledo PADD 4 PADD 2 PADD 5 Paulsboro PADD 1 Delaware City Torrance PADD 3 Chalmette…
  10. Acquisition of Exxon Mobils Torrance Refinery – Pbf Energy Inc. – slide 10
    Appendix
  11. Acquisition of Exxon Mobils Torrance Refinery – Pbf Energy Inc. – slide 11
    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…
  12. Acquisition of Exxon Mobils Torrance Refinery – Pbf Energy Inc. – slide 12
    Torrance Aerial Motiva Convent Marathon Garyville Motiva Convent Valero St. Charles Valero St. Charles Motiva Convent Motiva Norco Motiva Norco Phillips 66 Alliance 13
  13. Acquisition of Exxon Mobils Torrance Refinery – Pbf Energy Inc. – slide 13

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