PBF Energy Annual Shareholders Meeting May 21, 2014
PBF Energy Company Profile Toledo PBF owns three oil refineries located in Ohio, Delaware and New Jersey Aggregate throughput capacity of approximately 540,000 barrels per day Weighted-average Nelson Complexity of 11.3 Paulsboro…
PBF Logistics LP (NYSE: PBFX) PBF Logistics launched its initial public offering on April 30, 2014 and commenced trading on the NYSE on May 9, 2014 PBFXs initial assets consist of a light crude oil rail unloading terminal at the…
Strong Balance Sheet Provides a Platform for Growth PBF Energy maintains a conservative financial profile with strong liquidity and access to capital markets Net Debt to Net Capitalization at March 31, 2014 was 22% Balance sheet…
PBFs 2014 margin improvement initiatives Improved East Coast distillate yield......................................margin uplift...........60 million/yr* Converted 100% of 2000ppm Heating Oil production into either Ultra Low Sulfur…
Safety of Rail Operations PBF will lead the way on rail safety New-style DOT-111A rail cars, also referred to as CPC-1232, ordered after October 1, 2011 are the most recent design and include thicker shells, half-head shields, and…
Increasing Shareholder Value in 2014 Operate safely and efficiently Maintain capital discipline and conservative balance sheet Invest in margin improvement projects Grow through strategic acquisitions Return cash to investors 8