Pbf Energy Inc. · NYSE:PBF
Pbf Energy — Investor Presentation (September 2017)
11 slides from Pbf Energy's investor presentation, September 2017
Slide 1: PBF Energy
PBF Energy PB September 2017
Slide 2: Safe Harbor Statements
Safe Harbor Statements This presentation contains forward-looking statements made by PBF Energy Inc. (“PBF Energy”), the indirect parent of PBF Logistics LP (“PBFX”, or “Partnership”, and together with PBF Energy, the “Companies”, or “PBF”), and their management teams. Such statements are based on c
Slide 3: PBF – A Compelling Investment
PBF – A Compelling Investment Second most complex independent refiner with geographically diverse footprint Attractive Crude and feedstock optionality provides access to most economic input slate Asset Base Strategic relationship with PBF Logistics (NYSE:PBFX) provides growth partnership Lon
Slide 4: Attractive Asset Diversification and Growth
Attractive Asset Diversification and Growth PBF's core strategy is to operate safely, reliably and responsibly Toledo PADD Pursue disciplined growth strategy through PADD 4 Paulsboro strategic refining and logistics acquisitions PADD 5 2 PADD Diversified asset base with five refineries and 1 D
Slide 5: Chalmette Refinery – Optimization Underway
Chalmette Refinery – Optimization Underway Completed first turnaround under PBF ownership in February of 2017 Investing ~$100 million in margin improvement projects • Restarted idled reformer, hydrotreater and light-ends recovery plant to upgrade unfinished naphtha to high-value clean products •
Slide 6: Torrance Refinery – Focus on Operations
Torrance Refinery – Focus on Operations Margin enhancement • Increased rack throughput to approximately 70% of gasoline yield • Optimizing distillate margin contribution through rapid, low-cost opportunities • Successfully entering new markets, including exports Focus on stable and reliable oper
Slide 7: East Coast and Mid-Continent Operations
East Coast and Mid-Continent Operations Toledo, Ohio • Processes WTI-based light crude oil and Canadian Mid-Continent syncrude which produces a high-value clean product yield including gasoline, ultra-low sulfur diesel and a variety petrochemicals including nonene, xylene, tetramer and toluene • C
Slide 8: PBFX – A Strategic and Valuable Partner
PBFX – A Strategic and Valuable Partner PBF indirectly owns 100% of the general partner Summary of Executed Drop-Downs* and ~44% of the limited partner interests of PBF Projected Projected Gross Logistics LP (NYSE: PBFX) Announcement Asset Annual Net Annual Sale Date Income EBITDA Price ($mm) ($mm
Slide 9: PBFX Growing Asset Base is Ideally Situated
PBFX Growing Asset Base is Ideally Situated Assets support the operations of the Toledo, Mid-Continent Assets Toledo Storage Facility Delaware City, Paulsboro and Torrance Toledo LPG Truck Rack refineries Toledo Truck Terminal Toledo Products Terminal Approximately 255 million barrels of
Slide 10: Appendix
PBE Appendix >
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures Our management uses EBITDA (earnings before interest, income taxes, depreciation and amortization) as a measure of operating performance to assist in comparing performance from period to period on a consistent basis and to readily view operating trends, as a measure for p