Goldman Sachs Global Energy Conference 2015 January 7, 2015
Northern Tier Overview Integrated refining, marketing, retail, and St. Paul Park Refinery Product Yields1 logistics assets operating as a variable distribution publicly traded partnership. Other 7% Other Asphalt 8% 10% Gasoline…
Flexible Refinery with Crude Oil Advantage Redundant refining assets, allowing for higher refinery utilization and increased maintenance flexibility Operational Redundancy Refinery configuration allows it to process a variety of…
Refinery Benchmarking Source: Company Filings per Respective Annual and Quarterly Reporting Periods 5
June 30, 2012 Integrated Marketing Channel Total Retail Fuel Sold (000 gal/store/month) (company-owned stores) As of September 30, 2014, Northern Tiers integrated 200 155 132 marketing network included 165 company-operated and…
Growth Strategy Evaluating high return projects (IRR in excess of 30%) which would improve yields of higher value light products, efficiency of operations, and/or crude oil slate flexibility: - Replace the desalters to increase crude…
Key Business Highlights Strategically-Located Refinery with Advantaged Access to Crude Oil Supplies and Attractive Refined Product Outlets Integrated Refining, Marketing, Retail, and Logistics Operations Flexible Refinery with…