Delek Us Holdings, Inc. · NYSE:DK

Delek Us — Investor Presentation (September 2013)

25 slides from Delek Us's investor presentation, Sep 11, 2013

  1. Slide 1: Delek US Holdings, Inc. Investor Presentation September 2013

    Delek US Holdings, Inc. Investor Presentation September 2013

  2. Slide 2: Safe Harbor Provision

    Safe Harbor Provision 2 Delek US Holdings and Delek Logistics Partners, LP are traded on the New York Stock Exchange in the United States under the symbols “DK” and ”DKL” respectively, and, as such, are governed by the rules and regulations of the United States Securities and Exchange Commission. Th

  3. Slide 3: Delek US Holdings Overview

    Delek US Holdings Overview Integrated Downstream Energy Company Operates 140,000 BPD of combined refined production capacity in Texas and Arkansas Refining Segment ) Owned crude/product terminals and pipeline assets in Texas, Arkansas and Tennessee Logistics Segment (1) Approximately 370 convenience

  4. Slide 4: Well Positioned Mid-Continent Refining System

    WTI - Midland 92% East Texas 8% Gulf Coast 2% Inland / Local 71% Rail 27% Well Positioned Mid-Continent Refining System 4 Strategically Located Assets Provide Access to Cost-Advantaged Feedstocks Tyler Crude Source (2Q13) El Dorado Crude Source (2Q13) Permian Eagle Ford Woodford 75% of 2013 Crude Sl

  5. Slide 5: Diversified and Improved Crude Access in 2013

    Diversified and Improved Crude Access in 2013 5 Receiving More Cost Advantaged Barrels at El Dorado (1) Receiving More Cost Advantaged Barrels at Tyler (1) 65% of 2H2013E crude source expected to be WTI-Midland / Local crudes; remainder expected to be sourced from Gulf Coast and Rail. Improved pipel

  6. Slide 6: Refining Segment Operational Update

    Refining Segment Operational Update

  7. Slide 7: U.S. Refining Environment Trends

    ($30.00) ($20.00) ($10.00) $0.00 $10.00 $20.00 $30.00 $40.00 $50.00 J a n -1 0 F e b -1 0 M a r- 1 0 A pr -1 0 M a y -1 0 J u n -1 0 J u l- 1 0 A u g -1 0 S e p -1 0 O c t- 1 0 No v -1 0 De c -1 0 J a n -1 1 F e b -1 1 M a r- 1 1 A pr -1 1 M a y -1 1 J u n -1 1 J u l- 1 1 A u g -1 1 S e p -1 1 O c t

  8. Slide 8: Access to Midland Crudes Benefits Margins

    WTI Midland vs. WTI Cushing Crude Pricing ($14.00) ($12.00) ($10.00) ($8.00) ($6.00) ($4.00) ($2.00) $0.00 ` Access to Midland Crudes Benefits Margins 8 Source: Argus 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13

  9. Slide 9: Tyler Refinery Overview

    35,000 52,000 25,000 8,000 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 1Q13 2Q13 - Improved Pipeline Access WTI - Midland East Texas / Other Gasoline 54% LPGs 5% Diesel / Jet 38% Other 3% WTI-Midland 92% East Texas 8% Tyler Refinery Overview 9  Inland PADD III refinery located in East Texas

  10. Slide 10: El Dorado Refinery Overview

    El Dorado’s Crude Slate Weighted Toward WTI-Linked Crude Gasoline 47% Diesel 38% Asphalt 12% Other 3% Rail 27% Gulf 2% Inland/Local 71% El Dorado Refinery Overview 10  Inland PADD III refinery located in Southern Arkansas  80,000 bpd, 9.0 complexity (configured to run medium sour crude)  Supply f

  11. Slide 11: Improved Crude Access at El Dorado

    Improved Crude Access at El Dorado 11 (1) Rail capability will give the option of up to 12,000 bpd of heavy crude or up to 25,000 bpd of light crude, or some combination, at Delek’s El Dorado offloading operation. Also have access to 20,000 bpd light crude capacity via third party rail facility adja

  12. Slide 12: Significant Organic Growth / Margin Enhancement Opportunities

    Significant Organic Growth / Margin Enhancement Opportunities 12 El Dorado: LSR/Sat Gas Project (LSR)  Improve liquid recovery of Butane & Propane at El Dorado; volumes based on first half 2013 results Tyler: Vacuum Tower Bottoms Project (VTB)  Convert El Dorado asphalt to light product via Coker

  13. Slide 13: Logistics and Retail Operational Update

    Logistics and Retail Operational Update

  14. Slide 14: Delek Logistics Partners, LP Overview

    Delek Logistics Partners, LP Overview (NYSE: DKL) 14 DKL Asset Overview  First Drop Down July 2013 – Incremental $10.5 million EBITDA expected from Tyler storage and terminal assets  ~400 miles of crude and product transportation pipelines, including the 185 mile crude oil pipeline from Longview t

  15. Slide 15: DKL: Strong Performance & Value Creation Since IPO

     Midstream MLP with long-term contracts providing stable, growing cash flow  Supports Delek US’ profitable and strategically located inland refining system  Unlocks value of marketing and logistics assets  Strategic vehicle for growth  Visible asset dropdown opportunities  Partner for future a

  16. Slide 16: Strong Retail Presence

    946 990 1,039 1,082 278 291 2009 2010 2011 2012 2Q12 2Q13 $840 $897 $951 $1,011 $266 $270 2009 2010 2011 2012 2Q12 2Q13 Strong Retail Presence 16 Expanding Market Footprint in Markets Capable of Being Supplied by El Dorado Fuel Gallons Sold Per Store (000’s) Merchandise Sales Per Store ($000’s) Tenn

  17. Slide 17: Financial Update

    Financial Update

  18. Slide 18: Financial Highlights

    Financial Highlights $164 $151 $130 $445 $680 $294 $315 2008 2009 2010 2011 LTM 2Q13 1H12 1H13  Record profitability in 2011 and 2012 driven by growth in the refining segment; Strong first half 2013 performance  Strong cash flow generated from operations and Delek Logistics IPO in 2012  Last 12 m

  19. Slide 19: Going Forward

    Going Forward

  20. Slide 20: Significant Organic Growth / Margin Enhancement Opportunities

    Significant Organic Growth / Margin Enhancement Opportunities 20  Crude Slate improvement- Increased Access to Midland sourced crude  Quick Hit Capital projects – completed (1) Benefit reflects annualized impact on contribution margin and is subject to market pricing economics and operating rates.

  21. Slide 21: Investment Highlights and Questions

    21 Large, Complementary Logistics, Marketing and Retail Systems Significant Organic Growth / Margin Improvement Opportunities Focus on Shareholder Returns Strong Balance Sheet Strategically Positioned Refining Platform Questions and Answers

  22. Slide 22: Appendix Additional Data

    Appendix Additional Data

  23. Slide 23: Historical and Projected Capital Spending

    $42.3 $36.0 $65.9 $108.9 $14.5 $45.0 $66.1 $65.6 2010A 2011A 2012A 2013E Refining Retail, Logistics, Marketing and Other Historical and Projected Capital Spending 23 $56.8mm $81.0mm $132.0mm $174.5mm Source: Company filings.

  24. Slide 24: Non-GAAP Reconciliation

    Non-GAAP Reconciliation 24 Source: Company 10-K filings. ($ in millions) 2008 2009 2010 2011 2012 LTM 2Q13 2Q12 2Q13 Net sales $4,723.7 $2,666.7 $3,755.6 $7,198.2 $8,726.7 $8,993.8 $4,304.6 $4,571.7 Cost of goods sold 4,308.1 2,394.1 3,412.9 6,429.9 7,704.4 7,931.0 3,836.1 4,062.7 Operating expenses

  25. Slide 25: Investor Relations Contact

    Investor Relations Contact: Assi Ginzburg Keith Johnson Chief Financial Officer Vice President of Investor Relations 615-435-1452 615-435-1366

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