Calumet, Inc · NASDAQ:CLMT
Calumet — Calumet Specialty Products Partners — Investor Presentation (March 2021)
9 slides from Calumet's investor presentation, Mar 5, 2021
Slide 1: Calumet Specialty Products Partners, L.P.
rs CALUMET SPECIALTY. PRODUCTS PARTNERS, L.P.
Slide 2: Shared utilities and infrastructure in place; future dual train configuration
2 Shared utilities and infrastructure in place: (3) hydrogen plants, rail racks, truck racks, multiple steam boilers, redundant electrical feeds, high pressure natural gas connection, water treating, flares, DCS control systems, light ends recovery, sulfur and nitrogen recovery, leased rail fleet, a
Slide 3: The Renewable Train is a Top Competitor: installed capital cost
3 $0 $20,000 $40,000 $60,000 $80,000 Great Falls Wynnewood Rodeo (Refinery Conversion) Rodeo (Hydrotreater) Cheyenne Geismar Dickinson Norco Norco Artesia Port Arthur CLMT CVR PSX PSX HFC REG Marathon VLO / Darling Ingredients VLO / Darling Ingredients HFC VLO / Darling Ingredients The Renewable Tra
Slide 4: Renewable Train Only: Illustrative EBITDA from Backcast Model
4 Renewable Train Only—Illustrative EBITDA $MM annualized from Backcast Model1 excluding crude refining contribution 2017 EBITDA = $161M 2018 EBITDA = $228M 2019 EBITDA = $206M 2020 EBITDA = $105M 1 See Appendix for methodology Average excl Covid
Slide 5: Great Falls Refinery Overview
5 Great Falls Refinery Overview Oversized hydrocracker commissioned 2016 • Foundation of the renewable diesel train Original process area • Conventional heavy crude & specialty asphalt refinery
Slide 6: Future Renewable Feed Flexibility – Land Option Secured
6 Future Renewable Feed Flexibility – Land Option Secured • Calumet presently intends crop-based feedstock • Waste feedstocks (tallow, greases) are under review—if pursued, we would consider siting at a nearby location removed from the community • Refinery has leased 870 acres with a purchase option
Slide 7: Direct Rail Access to Canada & USWC
7 Direct Rail Access to Canada & USWC Great Falls location provides low cost access to Canadian and Pacific Northwest customers • We rail conventional products to both geographies today Vancouver, BC
Slide 8: Assumptions Underlying Backcast Model
8 Assumptions Underlying Backcast Model. The Backcast Model calculates illustrative EBITDA potential during the years 2017-2020 based on the following material assumptions: • A static charge-and-yield 9,000 bpd Renewable Diesel (RD) production with approximately 10% coproducts, which is held constan
Slide 9: Calumet Montana Renewables
Calumet Montana Renewables ue MONTANA/RENEWABLES i Bens ey PARTNERS, LP fat f 7
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