Investment Highlights Current Price: 29.15/unit (1) Market Capitalization: 711 million (1) Current Distribution: 0.750/LP unit qtr.; 3.00/LP unit annualized (2) Overview (NYSE: DKL) Current Yield: 10.3% (1)(2) Distribution per LP…
Delek US A Growth Oriented, Financially Strong Sponsor 302,000 bpd of refining capacity in Texas, Arkansas, Louisiana Operational Strength Access to crude / product terminals, pipeline and storage assets Current DK 4.4 billion equity…
Delek Operates Premier Permian-Based Refining System DKL positioned to provide logistics support for 302,000 bpd of Crude Throughput Capacity (69% Permian Basin Based) Premier Permian-based refining company Permian Basin Crude Oil…
Increased Drop Down Inventory plus Organic Project Creates Platform to Support Logistics Growth Potential Growth for DKL Strong EBITDA Growth Profile Supporting Distribution Growth (1) Delek Logistics provides platform to unlock 250.0…
Delek Logistics Partners, LP Overview
Logistics Assets Positioned to Benefit from Permian Basin Activity Growing logistics assets support crude sourcing and product marketing for customers Pipelines/Transportation Segment 805 miles (1) of crude and product…
Multi-Year Contracts with Firm Commitments / MVCs Duration of Contracts as of 1Q18 (1) Contract Highlights The Lion Pipeline System and SALA Gathering System are 18% 25% supported by a long-term contract that includes three take-…
Improving Performance and Financial Flexibility to Support Growth Solid Net Income and EBITDA performance since IPO in Nov. 2012 130.0 115.0 125.8 110.0 95.4 96.5 97.3 90.0 72.0 74.8 in millions 63.8 66.8 62.8 69.4 70.0 47.8…
DKL: Increased Distribution with Conservative Coverage and Leverage Distribution per unit has been increased twenty-one consecutive times since the IPO 0.680 0.690 0.705 0.715 0.725 0.750 0.590 0.610 0.630 0.655 0.475 0.490 0.510…
Going Forward Assets Positioned for Permian Basin Growth
Permian Basin Attractive Drilling Economics Support Growth Production continued to grow through crude oil price volatility Crude Oil Production Grew Despite Rig Decline (1) Crude oil production benefited by low 3,500 600 breakeven…
Big Spring Logistics Asset Dropdown Dropdown closed in March with an effective date of March 1, 2018 Purchase price of 315.0 million which equates to a 7.8x EBITDA multiple. Forecasted annualized EBITDA of 40.2M (1) Financed through…
Joint Venture with Green Plains On February 20, 2018 announced a joint venture with Green Plains Partners intended to purchase third party logistics assets Potential Acquisition Two light products terminals Caddo Mills, TX and North…
Joint Venture Pipeline Projects Create platforms for future growth; Ability to leverage Permian position RIO Pipeline (Delaware Basin) Andeavor (67%)/ Delek Logistics (33%) Cost: 119 million Capacity: 80,000 Bbl/d Length: 109…
Asset Overview: Paline Pipeline Approximately 195 mile 42 kbpd crude oil pipeline Longview, TX south to Beaumont Allows shippers ability ship Midland or Cushing crude barrels to the Gulf Coast Increased demand for space on pipeline…
West Texas Wholesale Business Benefiting from Permian Activity West Texas Wholesale and Marketing Gross Margin Operates in an area around the Permian Basin; Complementary to Delek US refining/retail in region ( in millions)…
Several Visible Pathways for Potential Growth Ability to Leverage Relationship with Delek US Delek US acquired the remaining 53% of the outstanding common stock of Alon USA that it did not Potential already own on July 1, 2017…
Questions and Answers Majority of assets support Primarily traditional, stable Delek US strategically MLP assets located inland refining system Limited commodity price Inflation-indexed fees for exposure most contracts…
Appendix
Delek US' Refineries are Strategically Positioned and Flexible Tyler Refinery (1) El Dorado Refinery (1) Inland refinery located in East Texas Inland refinery located in southern Arkansas 75,000 bpd, 8.7 complexity 80,000 bpd, 10.2…
Asset Overview: Lion Pipeline System and SALA Gathering Lion Pipeline System Lion Pipeline System 70,000 Provides non-gathered crude oil to Delek US 59,362 60,000 57,366 56,555 54,728 El Dorado refinery and connects to 49,694 53,461…
Asset Overview: Terminalling Terminal Count (4) Terminalling Assets (1) 12 Refined products terminalling services for Delek US and/or third parties 9 Comprised of terminals located in: Memphis and Nashville, TN; 6 Big Spring…
Summary of Certain Contracts (8) Termination Provision Minimum Tariff / Fee Refinery (1) (2) (10) Initial / Maximum Term Service 1Q18 Throughput (bpd) Commitment (bpd) Current Tariff / Fee Index Shutdown Force Majeure Paline…
Summary of Certain Contracts - footnotes (1) Maximum term assumes an extension of the commercial agreement pursuant to the terms thereof. Please note some terms began as early as Nov. 7, 2012. (2) Represents average daily throughput for…
Amended and Restated Omnibus Agreement Key Provisions Delek US will indemnify Delek Logistics for certain liabilities, including environmental and other liabilities, relating to contributed assets. Delek US has a ROFR if Delek…
Summary Organization Structure Delek US Holdings, Inc. Delek Logistics GP, LLC Public Unitholders NYSE: DK 94.6% (the General Partner) ownership interest (1) 61.5% interest Limited partner-common 2.0% interest 36.5% interest…
Reconciliation of Distributable Cash Flow (1) Distribution based on actual amounts distributed during the periods; does not include a LTIP accrual. Distribution coverage ratio is defined as distributable cash flow divided by total…
Income Statement and Non-GAAP EBITDA Reconciliation (1) Results in 2013 and 2014 are as reported excluding predecessor costs related to the drop down of the tank farms and product terminals at both Tyler and El Dorado during the…
Non GAAP Reconciliations of Krotz Springs Potential Dropdown EBITDA (1) (1) Based on projected range of potential future logistics assets that could be dropped to Delek Logistics from Delek US in the future. Actual amounts will be…
Non GAAP Reconciliations of EBITDA (1) (1) Actual amounts of EBITDA and net income will vary based on timing, performance of the assets and DKLs growth plans, which will affect the potential future EBITDA and interest at DKL. 33…
Investor Relations Contact: Kevin Kremke Keith Johnson Executive Vice President and CFO Vice President of Investor Relations 615-224-1323 615-435-1366 34
Loading...
