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INVESTOR PRESENTATION – Pbf Energy Inc.

Pbf Energy Inc. · May 9, 2014 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 1
    PBF Energy May 2014
  2. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 2
    U.S. Refining Industry Landscape Secular growth in North American crude oil production North American Crude Oil Favorable price dislocations between North American crude Production and rest of world Growth in supply driving decline…
  3. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 3
    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…
  4. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 4
    PBFs Refining Assets East Coast Mid Continent Annual throughput of 110 million barrels Annual throughput of 50 million barrels 2:1:1 Brent-based benchmark crack 4:3:1 WTI-based benchmark crack Targeted crude differential of Brent…
  5. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 5
    PBFs 2014 margin improvement initiatives Improved East Coast distillate yield......................................margin uplift...........60 million/yr* Converted 100% of 2000ppm Heating Oil into either Ultra Low Sulfur Diesel (ULSD)…
  6. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 6
    East Coast access to costadvantaged North American crude oil provides optionality Approximate Delivery Capacity Today Year-end (Barrels per day) 2014 Light Crude Oil 105,000 130,000 Heavy Crude Oil 40,000 80,000 Total 145,000…
  7. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 7
    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…
  8. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 8
    PBF Rail Deliveries of Light Crude to East Coast Light crude discharge capacity is approximately 105,000 bpd and increasing to approximately 130,000 bpd by Q3-2014 PBF sees increasing opportunities in other light North…
  9. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 9
    PBF Rail Deliveries of Heavy Crude to East Coast PBFs heavy crude unloading capacity is expected to double from approximately 40,000 bpd to approximately 80,000 bpd prior to the end of Q3-2014 Deliveries of Canadian heavy crude…
  10. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 10
    PBFs Crude-by-Rail Program Planned Leased or Owned Railcars PBF Railcar Delivery Schedule 6,000 5,000 2,300 2,300 2,150 4,000 1,867 3,000 1,700 1,287 1,300 1,399 2,000 3,600 3,600 3,300 2,317 2,700 1,000 1,820 2,085 2,024…
  11. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 11
    North American Crude Production Bakken crude production has been 16.0 14.4 expanding at a rate of 404% (910 14.0 12.9 mbpd) from 2010 through 2014 12.2 12.0 4.9 Pushes barrels South (via water, 3.9 3.7 pipeline and rail), East…
  12. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 12
    WTI discount to Brent Widening Brent WTI differential positively impacts cost-advantage of North American produced crude oils WTI - Brent 10 5 - (5) (10) (/bbl) (15) (20) (25) (30) (35) Jan Feb Mar Apr May Jun…
  13. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 13
    WCS discount to Brent Expanding differentials positively impact rail economics for Canadian Heavy crude oil processed at PBFs East Coast refineries WCS - Brent 10 - (10) (20) (/bbl) (30) (40) (50) (60) (70) Jan…
  14. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 14
    Bakken versus Brent The Bakken-Brent differential is a benchmark for North American light-sweet crude processed at PBFs East Coast refineries Bakken - Brent 60 40 20 - (/bbl) (20) (40) (60) (80) Jan Feb Mar…
  15. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 15
    ASCI discount to Brent ASCI is an indicator for medium-sour barrels processed at PBFs East Coast facilities ASCI - Brent 5 - (5) (/bbl) (10) (15) (20) (25) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Min…
  16. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 16
    Canadian Syncrude Differential versus WTI Toledo processes approximately 35% to 40% Syncrude Syncrude - WTI 20 15 10 5 - (/bbl) (5) (10) (15) (20) (25) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Min Max…
  17. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 17
    PBFs East Coast Benchmark Crack NYH 2:1:1 = ((2*Dated Brent) + (1*NY RBOB) + (1*NO.2 Heating Oil))/2 NYH 2:1:1 30 25 20 (/bbl) 15 10 5 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Min Max (07-12) 2014…
  18. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 18
    PBFs Mid-continent Benchmark Crack Chicago 4:3:1 = ((4*WTI) + (3*Chic CBOB pipe) + (0.5*Chic ULSD Pipe) + (0.5*USGC Jet Kero 54))/4 Chicago 4:3:1 60 50 40 30 20 10 (/bbl) - (10) (20) (30) (40) (50) Jan Feb…
  19. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 19
    PBF Logistics LP PBF Logistics launched its initial public offering on April 30, 2014 PBF Logistics is a fee-based, growth- oriented master limited partnership formed by subsidiaries of PBF Energy to own or lease, operate, develop…
  20. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 20
    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…
  21. INVESTOR PRESENTATION – Pbf Energy Inc. – slide 21

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