Retail Wealth Management Investor Presentation Delek Logistics Partners August 2020
MLP Structure Overview Summary Organizational Structure Delek US Holdings, Inc. NYSE: DK A MLP, or master limited partnership, is a publicly traded 94.8% ownership interest limited partnership. A MLP does not have to pay federal…
Investment Overview Current Distribution: 0.90/LP unit qtr.; 3.60/LP unit annualized (1); 11% current yield (2) Committed to growing distribution 5% year-over-year Overview (NYSE: DKL) Improving outlook into second half of 2020; asset…
Delek US A Growth Oriented, Financially Strong Partner 302,000 bpd of refining capacity in Texas, Arkansas, Louisiana Operational Strength Access to crude / product terminals, pipeline and storage assets Financial Strength At June…
Multi-Year Contracts with Firm Commitments / MVCs Duration of Contracts as of 2Q20 (1) Contract Highlights 7% 1% < 1 Year The Lion Pipeline System and SALA Gathering System are 1 to 3 Years 36% supported by a long-term contract that…
Financial Flexibility and Growing Distributable Cash Flow Solid Net Income and EBITDA performance (1) 200.0 208.3 150.0 178.9 164.0 in millions 100.0 115.0 124.4 97.3 90.2 96.8 50.0 69.4 62.8 0.0 (3) 2016 2017 2018 2019…
Increased Distribution with Conservative Coverage and Leverage Distribution per unit has increased twenty-nine consecutive times since the IPO 0.385 0.395 0.405 0.415 0.425 0.475 0.490 0.510 0.530 0.550 0.570 0.590 0.610 0.630…
Midstream: UtilizingFree Midstream: Utilizing Free Cash Cash Flow Flow & Strong & Strong Balance Balance Sheet Sheet to Fund to Fund Growth Growth Supports goal to generate approximately 370 million to 395 million of annualized…
DKL Relative to Peer Group Where We Are and Where We Are Going 2Q20 Distribution Coverage Yr/Yr Distribution Growth Already exceeded YE target range of 1.4x -1.5x 5.9% 3.0% 1.5% 1.1% 0.0% DKL MPLX MMP EPD PSXP PBFX HEP PAA…
Majority of assets support Primarily traditional, stable Delek US strategically MLP assets with limited located inland refining commodity price exposure system Balance sheet positioned Inflation-indexed fees for to grow with…
DKL: Reconciliation of Cash Available for Distribution (dollars in millions, except coverage) 42013 (2) 1Q14 (2) 2Q14(2) 3Q14(2) 4Q14(2) 2014 (2) 1Q15(2) 2Q15 3Q15 4Q15 2015 (2)(3) 1Q16 2Q16 3Q16 4Q16 2016 (3) Reconciliation of…
Non-GAAP Reconciliation of Increased Paline Pipeline Tariff EBITDA Reconciliation of Forecast Incremental U.S. GAAP Net Income (Loss) to Forecast Incremental EBITDA for Paline Pipeline Tariff Increase ( in millions) Annual Monthly…
Non-GAAP Reconciliation of Red River Joint Venture Adjusted EBITDA Delek Logistics Partners, LPReconciliation of Forecasted Incremental U.S. GAAP Net Income (Loss) to Forecasted Incremental Adjusted EBITDA for the Red River Pipeline…
Non-GAAP Reconciliations of Big Spring Gathering System Forecasted EBITDA 16
Non-GAAP Reconciliations of Trucking Forecasted EBITDA 17
Non-GAAP Reconciliation of Krotz Springs Potential Dropdown EBITDA Krotz Springs Logistics Drop Down Reconciliation of Forecasted Annualized Net Income to Forecast Incremental EBITDA ( in millions) Forecasted Range Forecasted…
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