Hf Sinclair Corporation · NYSE:DINO

Hf Sinclair — HollyFrontier — Corporate Update (June 2020)

15 slides from Hf Sinclair's corporate update, June 2020

  1. Slide 1: Renewables Update

    HOLLYFRONTIER Renewables Update June 2020

  2. Slide 2: Disclosure Statement

    Disclosure Statement Statements made during the course of this presentation that are not historical facts are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently uncertain and necessarily involve risk

  3. Slide 3: HollyFrontier Renewables

    HollyFrontier Renewables Renewables Business Profile Strategic Rationale Expected capacity to produce over 200 million  Plan to expand the renewables segment to gallons per year of renewable diesel with become a meaningful part of HollyFrontier’s feedstock flexibility cash flow and diversify from t

  4. Slide 4: Cheyenne Conversion

    Cheyenne Conversion Convert Cheyenne Refinery from a traditional fuels refinery into a renewable diesel facility Strategic Considerations Financial Impact  Superior economic returns from renewable One-time charges and costs for ceasing diesel petroleum refining include  Advantaged location close t

  5. Slide 5: HollyFrontier Renewable Diesel

    HollyFrontier Renewable Diesel HollyFrontier is expected to produce over 200 million gallons per year of renewable diesel Renewable Diesel Defined  Renewable diesel is a cleaner burning fuel with over 50% lower greenhouse (GHG) emissions than conventional diesel  Renewable diesel is not biodiesel

  6. Slide 6: Artesia Renewable Diesel Unit

    Artesia Renewable Diesel Unit Expected capacity to produce ~120 million gallons per year of renewable diesel Project Details  HFC to construct greenfield Renewable Diesel Unit (RDU) co-located at the Navajo refinery  Includes rail infrastructure and storage tanks  Existing hydrogen and utilities

  7. Slide 7: Cheyenne Renewable Diesel Unit

    Cheyenne Renewable Diesel Unit Expected capacity to produce ~90 million gallons per year of renewable diesel Project Details  HFC plans to convert existing hardware to produce renewable diesel  Expect to cease current petroleum refining operations at the end of July 2020  Utilizing existing infra

  8. Slide 8: Pre-Treatment Unit

    Pre-Treatment Unit Feedstock Flexibility Pre-treatment capacity allows our renewable diesel plants to process a variety of feedstock Project Details  HFC to construct pre-treatment unit to provide flexibility and upgrade of feedstock  Designed to treat degummed “unrefined” soybean oil, bleachable

  9. Slide 9: Renewables Capital Guidance

    Renewables Capital Guidance Updated 2020 capital spend reflects announced renewables projects : HollyFrontier Capital Expenditures (millions) Range Refining $ 202 $ 221 Renewables 150 180 Lubricants & Specialties Products 30 45 Turnarounds & Catalyst 85 110 Total HollyFrontier 467 556 Total HEP 58 6

  10. Slide 10: Executive Summary

    Executive Summary Positioned for Value Creation Across All Segments REFINING MIDSTREAM SPECIALTY LUBRICANTS RENEWABLES  Inland merchant refiner  Operate crude and product  Integrated 34,000 barrels  Construction of 9,000 BPD pipelines, loading racks, per day of production  5 refineries in the M

  11. Slide 11: Appendix

    APPENDIX

  12. Slide 12: Renewable Diesel Demand

    Renewable Diesel Demand Today’s Market California is currently the key driver of demand consuming nearly 100% of all U.S. renewable diesel production and imports Current LCFS program in place LCFS program passed, 2022 implementation  California consumes approximately 4 billion gallons of LCFS progr

  13. Slide 13: Low Carbon Fuel Standard (LCFS) Program Fundamentals

    Low Carbon Fuel Standard (LCFS) Program Fundamentals The California Low Carbon Fuel Standard is a mandate to lower the carbon intensity of transportation fuel. The mandate aims for a 20% reduction in the carbon intensity of transportation fuels by 2030 compared to 2010 The California Air Resources B

  14. Slide 14: Definitions

    Definitions Blenders Tax Credit (BTC): Federal tax credit where qualified biodiesel blenders are eligible for an income tax credit of $1.00 per gallon of biodiesel or renewable diesel that is blended with petroleum diesel. Biodiesel (FAME): a fuel derived from vegetable oils or animal fats that meet

  15. Slide 15: HollyFrontier Corporation

    HollyFrontier Corporation (NYSE: HFC) 2828 N. Harwood, Suite 1300 Dallas, Texas 75201 (214) 954-6510 www.hollyfrontier.com Craig Biery | Director, Investor Relations investors@hollyfrontier.com 214-954-6510 Trey Schonter | Investor Relations investors@hollyfrontier.com 214-954-6510

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