Investment Highlights Current Price: 35.09/unit (1) Market Capitalization: 847 million (1) Overview (NYSE: DKL) Current Distribution: 0.425/unit quarter; 1.70/unit annualized(2) Current Yield: 4.8% 1Q14 Distributable Cash Flow (DCF)…
Delek US A Growth Oriented, Financially Strong Sponsor 140,000 bpd of refining capacity in Texas and Arkansas Operational Strength Access to crude / product terminals, pipeline and storage assets 361 convenience stores(1) 1.8 billion…
Delek Logistics Partners, LP Overview
Improving EBITDA and Financial Flexibility to Support Growth Solid EBITDA performance since IPO in Nov. 2012 90.0 80.6 80.0 70.0 8.7 3.3 in millions 60.0 68.5 50.0 63.8 40.0 47.2 48.9 30.0 20.0 10.0 0.0 2011 Pro…
Increased Distribution with Conservative Coverage Distribution has been increased five consecutive times since the IPO 0.440 Quarterly Distribution Growth to Date 0.420 0.400 0.380 0.425 0.415 0.405 0.395 0.360 0.385 0.375…
Strong Unit Performance & Value Creation 175% 167% 150% 125% 123% 100% IPO Date: November 2, 2012 IPO Price: 21.00 per unit Current Yield (1): 4.84% 75% Current Price (1): 35.09 per unit LP Equity Value (1): 847.0…
Recent Acquisitions Provided Stable Fee Based Growth Approximately 22.1 million of expected annual EBITDA Tyler Tank Farm and Hopewell North Little Rock El Dorado Tank Farm Product Terminal Pipeline Terminal and Product Terminal…
Asset Overview
Stable Asset Base Positioned for Growth Growing logistics assets support crude sourcing and product marketing Pipelines/Transportation Segment 400 miles of crude transportation pipelines, includes the 195 mile crude oil pipeline…
Continued Increase in SALA Gathering System Provides access to local Arkansas, east Texas and north Louisiana crudes to Delek USs El Dorado refinery. 600 mile crude oil gathering system, primarily within a 60-mile radius of the El…
Lion Pipeline System Potential Throughput Increase Provides non-gathered crude oil to Delek US El Dorado refinery. Connects refinery to Enterprise TE Products Pipeline. Crude and light product throughput may benefit from improvements…
West Texas Wholesale Business Margins Remain Strong Operates in an area around the Permian Basin; benefiting from robust economic activity. Purchases refined products from third parties for resale at owned and third party terminals in…
East Texas Marketing Volume Continues to Increase Volumes have been increasing as Delek US Tyler refinery utilization improves; 1Q2014 volume 37% above 2009 level. Exclusive rights to market 100% of the refined products output of Delek…
Terminals Growing Asset Base Refined products terminalling services for Delek and/or third parties. Nashville, TN Serves Deleks retail segment and independent third parties Memphis, TN Supplied directly from El Dorado refinery…
Paline Pipeline Potential EBITDA Increase in 2015 195 mile crude oil pipeline - Mainline pipeline flow reversed from northbound to southbound. 100% of mainline capacity contracted to major oil company through 12/31/2014 Contract…
Going Forward
Several Visible Pathways for Continued Growth Paline Pipeline potentially contracting at a higher rate after 2014 Organic Increasing activity in Arkansas gathering system Growth Potential expansion of the North Little Rock terminal…
Focus on Growth has Improved EBITDA Visible Pathways for Growth Provide Potential for Continued EBTIDA Increase in Coming Quarters EBITDA, in millions * +3rd Party Acquisitions + Potential Paline contracting 3 to 4 1 per…
Questions and Answers Majority of assets support Primarily Traditional, Delek US strategically stable 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 60,000 bpd, 9.5 complexity 80,000 bpd, 9.0…
Summary of Certain Contracts (10) Termination Provision Year Ended Dec. 31, 2013 Minimum Tariff / Fee Refinery (1) (2) Initial / Maximum Term Service Throughput (bpd) Commitment (bpd) Tariff / Fee Escalator Shutdown Force Majeure…
Summary of Certain Contracts - footnotes (1) Maximum term gives effect to the extension of the commercial agreement pursuant to the terms thereof. (2) Represents average daily throughput for the period indicated. (3) Excludes volumes…
Amended and Restated Omnibus Agreement ROFO Under the omnibus agreement, Delek Logistics has a ROFO for 10-years post IPO if Delek US decides to sell the following assets: Rail offloading racks in the El Dorado refinery. Delek…
Summary Organization Structure Delek US Holdings, Inc. Delek Logistics GP, LLC Public Unitholders NYSE: DK 96.6% (the General Partner) ownership interest (1) 48.7% interest 11.3% interest Limited partner-subordinated Limited…
Non-GAAP Reconciliation Delek Logistics Partners LP EBITDA and Contribution Margin Reconciliation Pro Forma Forecast Forecast Actual Actual Actual Actual Actual Actual Pro Forma 12 Months 12 Months 3 Months 3 Months 3 Months 3 Months…
Cash Available for Distribution Pro Forma Forecast Actual Actual Actual Actual Actual Actual 12 Months 12 Months 12 Months 3 Months 3 Months 3 Months 3 Months 3 Months (dollars in millions) 12/31/11 9/30/13 (3) 12/31/13 (4) 3/31/13 (4)…
Non-GAAP Reconciliation Delek US LTM EBITDA Reconciliation Year Ended 12/31 3 Months Ended March 31, LTM 2011 2012 2013 2013 2014 3/31/14 Operating Income 286.1 473.1 237.7 134.4 67.7 171.0 Loss on Sale of Assets 3.6 (0.1) - - - -…
Investor Relations Contact: Assi Ginzburg Keith Johnson Executive Vice President, CFO Vice President of Investor Relations 615-435-1452 615-435-1366 31
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