Hf Sinclair Corporation · NYSE:DINO
Hf Sinclair — Holly — Arizona Petroleum Marketers Association Annual Convention 2007
21 slides from Hf Sinclair's conference presentation, Aug 20, 2007
Slide 1: Presentation to the Arizona Petroleum Marketers Association Annual Convention
Holly Corporation Presentation to the Arizona Petroleum Marketers Association Annual Convention August 2007
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 ris
Slide 3: Overview of Holly Corporation
Overview of Holly Corporation
Slide 4: Our Mission
Our Mission: Our mission is to be a premier U.S. petroleum refining and wholesale marketing company as measured by superior financial performance and sustainable, profitable growth. We seek to accomplish this by operating safely, reliably and in an environmentally responsible manner, effectively and
Slide 5: Our Values
Our Values: Health & Safety: We put health and safety first. We conduct our business with high regard for the health and safety of our employees, contractors, and neighboring communities. We continuously strive to raise the bar, guided by our stringent health and safety performance standards. Enviro
Slide 6: Holly Corporation Overview
Holly Corporation (NYSE: HOC) Overview Independent refiner in Southwest / Rocky Mountain states Own 2 refineries: New Mexico & Utah Wholesale marketer supplying West Texas, Arizona, New Mexico, Colorado, Utah, Nevada, Idaho, Washington, and Northern Mexico Noted by Forbes magazine as #1 in the Oil &
Slide 7: Asset Summary
Asset Summary Holly's refineries operate in the high margin & growth Southwest & Rockies markets 109,000 bpd of refining capacity All HOC refineries directly connected to Domestic / Canadian crude trading hubs Extensive crude oil gathering network in West Texas and Southeast New Mexico for the Navaj
Slide 8: Distinctives
Holly Distinctives
Slide 9: Strengths
Holly Strengths Over 35 years in the refining business Operates in high-growth, high-margin Southwest & Rocky Mountain regions Consistently profitable: never had a loss year in the refining business Management team with an average of over 25 years of industry experience Industry leading return on ca
Slide 10: Strength: Industry Leading Profitability
Holly Strength: Industry Leading Profitability Latest 12 Months1 5-Year Average2 Well positioned financially to support continued growth and success 1Four quarters ended 6/30/07 2Five years ended 12/31/06
Slide 11: Strength: Conservative Balance Sheet
Holly Strength: Conservative Balance Sheet Latest 12 Months1 5-Year Average2 1Four quarters ended 6/30/07 2Five years ended 12/31/06 Well positioned financially to support continued growth and success
Slide 12: Holly's Commitment to Its Markets
Holly's Commitment Its Markets
Slide 13: Navajo / Woods Cross Refinery Crude Processing Capacity
Navajo / Woods Cross Refinery Crude Processing Capacity 1969 Early 1980's Early 1990's 2003 Wood Cross Acquisiton 2006-07 CURRENT TOTAL NRC Planned Expansion Woods Cross Planned PLANNED TOTAL East 0 16 30 65 75 101 0 111 126 0 West 16 14 35 10 26 10 111 15 5 131 0 16k bpd 15k bpd 30k bpd 14k bpd 10k
Slide 14: Capital Spending Plan
Capital Spending Plan - - Elements of both Offense & Defense: Expanding refining capacity 19% by 2009 - --from 109,000 bpd to 131,000 bpd Increasing cost-advantaged crude mix by over 37% by 2010 - --from 5,000 bpd to 55,000 bpd All projects to take advantage of growing markets in the Southwest and t
Slide 15: Navajo Refinery: Expansion and Feedstock Flexibility
Navajo Refinery: --Expansion and Feedstock Flexibility Project Summary: Overall project expected to be completed in two phases. Phase I: Expand crude capacity to approximately 100,000 bpd (1Q '09) Revamp existing crude unit, new gas oil hydrocracker, new hydrogen plant, SRU Phase II: Ability to capt
Slide 16: Woods Cross Refinery: Expansion and Feedstock Flexibility
Woods Cross Refinery: --Expansion and Feedstock Flexibility Project Summary: Expand refinery by 19% to 31,000 bpd Install new gas oil hydrocracker, add Black Wax desalter, and expand sulfur recovery capacity Feed stock flexibility to process up to 15,000 bpd of Black Wax or 10,000 bpd Black Wax & 5,
Slide 17: UNEV Pipeline: Salt Lake City to Las Vegas
UNEV Pipeline: --Salt Lake City to Las Vegas Project Summary: 400 mile 12" pipeline Initial capacity approximately 60,000 bpd, expandable to approximately 120,000 bpd 2 Terminal locations: North Las Vegas and Cedar City, UT Will permit: - --Possible product exchanges between Las Vegas & Phoenix/Tucs
Slide 18: Concluding Remarks
Concluding Remarks
Slide 19: Opportunities: Expanded Footprint in Southwest / Rocky Mountain States
Holly Opportunities: Expanded Footprint in Southwest / Rocky Mountain States Longhorn Current:1 109,000 bpd of refining capacity Operate in the high margin & high growth Southwest & Rockies markets Can process approx. 80,000 bpd of price advantaged crude feedstock Future: 131,000 bpd of refining cap
Slide 20: Concluding remarks
Strong management team Strong financial fundamentals Demonstrated growth ability / commitment to the business Capital initiatives to continue growth in place Demonstrated commitment to Southwest markets Plans to continue to grow with its core markets Building competitive advantage for the future Con
Slide 21: Holly Corporation contact details
Holly Corporation 100 Crescent Court, Suite 1600 Dallas, Texas 75201 (214) 871-3555 Dave Lamp Executive VP-Refining & Marketing www.hollycorp.com Question period from audience
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