Delek Us Holdings, Inc. · NYSE:DK
Delek Us — Investor Presentation (January 2026)
6 slides from Delek Us's investor presentation, Jan 13, 2026
Slide 1: Delek US Update January 2026
Delek US Update (NYSE: DK) January 2026
Slide 2: Disclaimers: Forward Looking Statements
Delek US 2 Disclaimers Forward Looking Statements: Delek US Holdings, Inc. (“Delek US”) and Delek Logistics Partners, LP (“Delek Logistics”; and collectively with Delek US, “we” or “our”) are traded on the New York Stock Exchange in the United States under the symbols “DK” and ”DKL”, respectively. T
Slide 3: Illustrative DK (Standalone) Free Cash Flow
Delek US 3| Illustrative DK (Standalone) Free Cash Flow • Enterprise Optimization Plan (“EOP”) set to increase annual cash flow by at least $180M • Delek Logistics Partners (“DKL) distributions of $150M+ adding to free cash flow allowing DK to stay true to its consistent capital allocation policy (1
Slide 4: Consistent Shareholder Returns
Delek US 4| Consistent Shareholder Returns • DK has led all its refining peers in the last twelve months in total shareholder returns (dividends + buybacks), outperforming the peer group average by 7% • Strong free cash flow generation to further support Delek’s consistent capital allocation strateg
Slide 5: IIA Revamp to Further Increase DK FCF
Delek US 5| IIA Revamp to Further Increase DK FCF • Inventory Intermediation Agreement (IIA) Revamp: • DK has recently amended its Inventory Intermediation agreements • The reduction in inventory financing to improve working capital efficiency and generate approximately $30 - 50M of incremental free
Slide 6: 2026 Delek US Holdings Guidance
Delek US 6| 2026 Delek US Holdings Guidance • DK Standalone M&R Capex (including BSR Turnaround): $200 - 220 million • Turnarounds: • BSR 1Q’2026 • Focus of BSR Turnaround is to further improve reliability and flexibility leading to cost and margin improvements • Improved reliability • Crude slate o
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