Holly Energy Partners Consistent Distribution Growth Despite Crude A system of petroleum product and crude pipelines, storage tanks, distribution Price Volatility Distribution /LP Unit WTI Price terminals, loading racks and processing…
HollyFrontier and Holly Energy Partners Footprint Holly Energy Partners (NYSE: HEP) 4
HollyFrontier Business Segment Highlights REFINING MIDSTREAM SPECIALTY LUBRICANTS Inland merchant refiner Operate Crude and Product Pipelines, Integrated specialty lubricants loading racks, terminals and tanks in and producer…
HEP Ownership Structure IDR Simplification Provides Lower Cost of Capital for HEP HOLLYFRONTIER CORPORATION (HFC) 100% Interest GENERAL PARTNER (GP) HOLLY LOGISTIC PUBLIC SERVICES, L.L.C. Non-economic GP Interest 59.6mm HEP…
Limited Partner Distributions Since Inception Distribution has been increased every quarter since IPO 58 consecutive quarters LP Distribution (/Unit)1 3.00 2.65 2.55 2.50 2.36 2.20 2.08 1.96 2.00 1.84 1.74 1.66 1.58 1.50…
HEP Growth Since Inception Revenue, 15% CAGR1 EBITDA, 16% CAGR1 DCF, 15% CAGR1 506 347 265 80 50 41 2005 2018 2005 2018 2005 2018 1) See page 15 for definitions Holly Energy Partners (NYSE: HEP) 8
HEP Historical Growth Committed to Continuing Successful Track Record of Growth Holly Corporation 50% JV with Acquired remaining and Frontier Oil Plains for interests in SLC / Crude gathering Corporation Frontier Frontier pipelines…
HEP Avenues for Growth ORGANIC ACQUISITIONS DROPDOWNS FROM HFC Leverage HEPs existing Pursue logistics assets in HEPs Partnering with HFC to build footprint to capitalize on current geographic region and/or acquire new assets /…
Organic Growth Crude system expansion benefits both HEP and HFC HEP owns and operates over 800 miles of crude gathering pipelines in the Permian Basin Crude Gathering Volume Growth 175 150 Thousand Barrels Per Day (KBPD)…
HEP Capital Budget 2019 Capex Budget 35-45mm Reimbursable Expansion 7mm 20-25mm Maintenance 7-10mm Holly Energy Partners (NYSE: HEP) 12
HEP Financial Strength HEP Capital Structure ( millions) 3/31/2019 Revolver Capacity 1,400 Revolver Borrowings (942) Revolver Availability 458 Reimbursable Cash & Marketable Securities 12 15-20mm Total Liquidity 470 Expansion…
Appendix-HEP Assets Holly Energy Partners owns and operates substantially all of the refined product pipeline and terminaling assets that support HollyFrontiers refining and marketing operations in the Mid-Continent, Southwest and Rocky…
Definitions KBPD: Thousand barrels per day CAGR: The compound annual growth rate is calculated by dividing the ending value by NON GAAP MEASUREMENTS: We report certain financial measures that are not the beginning value, raise the…
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