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2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp

Cvr Partners Lp · Jul 31, 2014 · 15 slides

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Slides

  1. 2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp – slide 1
    2nd Quarter 2014 Earnings Report July 31, 2014 0
  2. 2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp – slide 2
    Consolidated Results Second Quarter Year to Date (In millions, except for EPS/ EPU/Distributions) Percent Percent Q2 2014 Q2 2013 Q2 2014 Q2 2013 Change Change Adjusted EBITDA(1) 147.2 221.3 -33% 301.4 507.3 -41% Adjusted net…
  3. 2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp – slide 3
    Financial Results Second Quarter Year to Date (In millions, except for EPS) Q2 2014 Q2 2013 Q2 2014 Q2 2013 Net income attributable to CVR Energy 83.7 183.4 210.4 348.4 stockholders Earnings per diluted share 0.96 2.11 2.42…
  4. 2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp – slide 4
    Debt Metrics Consolidated Net Debt (Cash) (s in millions) 600 454.4 475.5 500 400 277.0 300 200 100 2.2 0 (100) (165.9) (200) (323.2) (300) (400) 2009 2010 2011 2012 2013 June 30, 2014 Q2 2014 Financial Metrics…
  5. 2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp – slide 5
    Appendix
  6. 2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp – slide 6
    Non-GAAP Financials Measures To supplement the actual results in accordance with GAAP for the applicable periods, the Company also uses non- GAAP measures as discussed below, which are reconciled to GAAP-based results. These non-GAAP…
  7. 2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp – slide 7
    Non-GAAP Financials Measures Adjusted net income is not a recognized term under GAAP and should not be substituted for net income as a measure of our performance but rather should be utilized as a supplemental measure of financial…
  8. 2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp – slide 8
    Capital Structure* Full Year LTM Financials ( in millions) 2009 2010 2011 2012 2013 Q2 2014 Cash 36.9 200.0 388.3 896.0 842.1 998.7 Total Debt, including current portion 491.3 477.0 863.8 898.2 676.2 675.5 Net Debt (Cash) 454.4…
  9. 2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp – slide 9
    Consolidated Non-GAAP Financial Measures Full Year LTM Financials ( in millions) 2009 2010 2011 2012 2013 Q2 2014 Net income attributable to CVR Energy stockholders 69.4 14.3 345.8 378.6 370.7 232.7 Interest expense and other…
  10. 2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp – slide 10
    Consolidated Non-GAAP Financial Measures Second Quarter Financials ( in millions) 6/30/2014 6/30/2013 Net income attributable to CVR Energy stockholders 83.7 183.4 Interest expense and other financing costs, net of interest income…
  11. 2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp – slide 11
    Consolidated Non-GAAP Financial Measures Year to Date Financials ( in millions) 6/30/2014 6/30/2013 Net income attributable to CVR Energy stockholders 210.4 348.4 Interest expense and other financing costs, net of interest income…
  12. 2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp – slide 12
    Consolidated Non-GAAP Financial Measures Second Quarter Financials ( in millions, except for per share data) 6/30/2014 6/30/2013 Income before income tax expense 189.2 371.2 FIFO impact (favorable) unfavorable (24.3) (24.2)…
  13. 2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp – slide 13
    Consolidated Non-GAAP Financial Measures Year to Date Financials ( in millions, except for per share data) 6/30/2014 6/30/2013 Income before income tax expense 472.3 677.7 FIFO impact (favorable) unfavorable (45.9) (29.0) Share-based…
  14. 2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp – slide 14
    Fertilizer Non-GAAP Financial Measures Second Quarter Year to Date Financials ( in millions) 6/30/2014 6/30/2013 6/30/2014 6/30/2013 Nitrogen Fertilizer net income 17.1 35.4 38.6 71.0 Interest expense, net 1.7 1.7 3.3 2.9 Income tax…
  15. 2ND QUARTER 2014 EARNINGS REPORT – Cvr Partners Lp – slide 15
    Petroleum Non-GAAP Financial Measures Fourth Second QuarterQuarter Full YearYear to Date Financials ( in millions) 12/31/20136/30/2014 12/31/2012 6/30/2013 12/31/2013 6/30/2014 12/31/2012 6/30/2013 Operating income Petroleum…

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