Who We Are Fee-Based Master Sponsored by Worlds Largest Limited Partnership Independent Refiner, VLO Formed in 2013 by Valero Energy VLO is general partner and majority Corporation (NYSE: VLO) owner of Valero Energy Partners LP…
Current Macro Environment SUPPLY DEMAND 1 3 Forecasted world GDP growth Abundant global supply of crude oil and natural gas 4 Demand response to lower 2 product prices North American logistics build out adds efficiency and…
Our Strategic Vision Generate Stable, Maintain Top-Tier Growth Profile and Predictable Cash Flows Demonstrate Financial Discipline Maintain safe and reliable 25% annual distribution growth target operations through 2017 Avoid…
Growth-Oriented Logistics MLP with Diversified Portfolio, Integrated with VLOs Refining Assets IPO assets Drop downs 4 McKee Terminal April 1, 2016 - 240 mm(1) 1 Texas Crude Systems McKee, Three Rivers, Wynnewood July 1,…
IPO Assets and Texas Crude Systems Business IPO Assets (12-16-13) Texas Crude Systems Business (7-1-14) Port Arthur systems Pipelines, truck unloading sites, and storage Lucas crude with 1.9 million barrels of storage and two…
Houston, St. Charles, and Corpus Christi Terminals Houston and St. Charles (3-1-15) Corpus Christi (10-1-15) Crude oil, intermediates, and refined products Crude oil, intermediates, and refined products terminaling services…
McKee Terminal Acquisition Details (4-1-16) 75 tanks with 4.4 million barrels of crude oil, intermediates, and products storage capacity Total transaction value of 240 million financed with 139 million revolver borrowings, 65…
Long Term Agreements Provide Stable and Predictable Cash Flows Pipelines 26% Terminals 74% Transportation and terminal services agreements have 10 year initial terms and five year renewal terms(1) Approximately 85% of…
Approximately 1 Billion of Estimated MLP Eligible EBITDA Inventory at VLO Racks, Terminals, Wholesale Fuels Pipelines(1) Rail Marine(1) and Storage(1) Marketing Over 1,200 miles of Over 75 million Approximately 51 docks…
Executing Our Strategy Summary Accomplishments since IPO VLO owns the 2% GP interest, all incentive 60% increase in quarterly cash distribution over MQD distribution rights, and 67% of outstanding LP units 1.5 billion of drop down…
Appendix Contents Topic Pages Organizational Structure 14 Valeros Refining and Ethanol Assets 15 Valeros Investment in Diamond Pipeline 16 Non-GAAP Reconciliations 17 IR Contacts 18 13
Organizational Structure Valero Energy Corporation (NYSE: VLO) 100.0% ownership interest A wholly owned subsidiary of Valero Energy Corporation Common Units Subordinated Units Public 100.0% ownership interest Unitholders…
Valeros Refining and Ethanol Assets 15
Valeros Investment in Diamond Pipeline Diamond Pipeline 440 miles of 20-inch pipe (200 MBPD capacity) connecting Memphis to Cushing, expected to startup in 4Q17 Provides supply flexibility and ability to improve crude oil blend…
Non-GAAP Reconciliations VALERO ENERGY PARTNERS LP RECONCILIATION OF FORECASTED NET INCOME UNDER GAAP TO EBITDA (Unaudited, in Thousands) Full Year Beginning April 1, 2016 McKee Terminal Services Business Forecasted net income…
IR Contacts For more information, please contact: John Locke Karen Ngo Vice President, Investor Relations Manager, Investor Relations 210.345.3077 210.345.4574 john.lockevalero.com karen.ngovalero.com 18
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