Delek Us Holdings, Inc. · NYSE:DK

Delek Us — Investor Presentation (April 2023)

18 slides from Delek Us's investor presentation, Apr 5, 2023

  1. Slide 1: Investor Presentation April 2023

    Investor Presentation April 2023

  2. Slide 2: Forward Looking Statement

    Delek Tech 2 Forward Looking Statement 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”,

  3. Slide 3: Unlocking Value for Shareholders and Unitholders

    Delek Tech 3 Delek US Holdings Unlocking Value for Shareholders and Unitholders Financial Strength and Flexibility Integrated Downstream Energy Company (1) FactSet as of 3/29/2023. (2) Multiples based on sell-side research Delek US Holdings (DK) – $841.3 million of cash; $3,053.7 million long-term d

  4. Slide 4: Integrated Company with Asset Diversity and Scale

    Delek Tech 4 Integrated Company with Asset Diversity and Scale Source 207,000 bpd from Permian Basin • Growing gathering system • Wink to Webster JV Crude Oil Pipeline RIO Refinery Crude Throughput Capacity (BPD) Nelson Complexity Tyler 75,000 8.7 El Dorado 80,000 10.2 Big Spring 73,000 10.5 Krotz S

  5. Slide 5: Environmental, Social, and Governance (ESG)

    Environmental, Social, and Governance (ESG) Will publish 3rd annual Sustainability Report for DK in December of 2023 5(1) THE USE BY THE DELEK COMPANIES OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES (“MSCI”) DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CO

  6. Slide 6: Delek US Adjusted EBITDA 2022 vs 2021 ($mm)

    Delek Tech 6 Delek US Adjusted EBITDA 2022 vs 2021 ($mm)

  7. Slide 7: Refining

    Delek Tech 7 Refining Refinery Crude Throughput Capacity (BPD) Nelson Complexity Tyler 75,000 8.7 El Dorado 80,000 10.2 Big Spring 73,000 10.5 Krotz Springs 74,000 8.8 Total 302,000 9.6 68% 8% 4% 20% WTI Gulf Coast Sweet Local Arkansas Other 85% 15% WTI East Texas 55% 15% 30% WTI Local Arkansas Othe

  8. Slide 8: Logistics

    8 Logistics Primarily through 78.8% owned MLP, Delek Logistics Partners, LP (DKL) Expansive gathering business ~1,970 miles of pipeline ~10.8MMB active shell capacity ~200 MBPD water disposal ~88 MMCFD gas processing capacity 10 light product distribution terminals Diversifies portfolio of assets in

  9. Slide 9: Retail

    9 Retail ~80% integration with existing downstream operations offering synergies and competitive advantage Operate approximately 250 C-stores in West Texas and New Mexico Rebranding 7-Eleven stores to DK in 2023 Implement interior rebranding/ re- imaging

  10. Slide 10: Capital Expenditures

    Delek Tech 10 Capital Expenditures

  11. Slide 11: Long-term Capital Allocation Framework

    Delek Tech 11 Long-term Capital Allocation Framework Priorities Discretionary Non-Discretionary Sustaining Capital Expense ‐ Approximately $100-$125 million sustaining capex/yr ‐ Between $50-$100 million per turnaround ‐ Critical for safe and reliable operations Acquisitions Cash Returns to Sharehol

  12. Slide 12: Delek US – Illustrative Sum-of-the-Parts Analysis

    12 Delek US – Illustrative Sum-of-the-Parts Analysis Consensus and pricing taken as of 3/29/2023 All Debt, Cash, shares outstanding numbers as of 12/31/2022 financial statements (1) DK consolidated EBITDA of $939MM per FactSet consensus as of 3/29/23; Retail EBITDA of $49MM, average of select sell s

  13. Slide 13: 1st Quarter 2023 Outlook

    Delek Tech 13 1st Quarter 2023 Outlook

  14. Slide 14: Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss)

    Delek Tech 14 Reconciliation of Net Income (Loss) Attributable to Delek to Adjusted Net Income (Loss)

  15. Slide 15: Reconciliation of GAAP Income (Loss) per share to Adjusted

    Delek Tech 15 Reconciliation of U.S. GAAP Income (Loss) per share to Adjusted Net Income (Loss) per share

  16. Slide 16: Reconciliation of Net Income (Loss) to Adjusted EBITDA

    Delek Tech 16 Reconciliation of Net Income (Loss) attributable to Delek to Adjusted EBITDA

  17. Slide 17: Reconciliation of Segment EBITDA to Adjusted Segment EBITDA

    Delek Tech 17 Reconciliation of Segment EBITDA Attributable to Delek to Adjusted Segment EBITDA

  18. Slide 18: Reconciliation of Segment EBITDA to Adjusted Segment EBITDA

    Delek Tech 18 Reconciliation of Segment EBITDA Attributable to Delek to Adjusted Segment EBITDA

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