Delek Us Holdings, Inc. · NYSE:DK

Delek Us — Investor Presentation (June 2013)

26 slides from Delek Us's investor presentation, Jun 3, 2013

  1. Slide 1: Delek US Holdings, Inc. June 2013

    Delek US Holdings, Inc. June 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 373 convenience

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

    WTI - Midland 84% East Texas 16% Gulf Coast 7% Inland / Local 72% Rail 21% Well Positioned Mid-Continent Refining System 4 Strategically Located Assets Provide Access to Cost-Advantaged Feedstocks Tyler Crude Source (1Q13) El Dorado Crude Source (1Q13) Permian Eagle Ford Woodford 75% of 2013 Crude S

  5. Slide 5: Refining Segment Operational Update

    Refining Segment Operational Update

  6. Slide 6: Favorable U.S. Refining Environment Continues

    ($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

  7. Slide 7: WTI Midland vs. WTI Cushing Crude Pricing

    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 Further Enhances Margins 7 Source: Argus 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13

  8. Slide 8: 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 Base Improved Pipeline Access WTI - Midland East Texas / Other Gasoline 57% LPGs 3% Diesel / Jet 37% Other 3% WTI-Midland 84% East Texas 16% Tyler Refinery Overview 8  Inland PADD III refinery located in East Texas  60,0

  9. Slide 9: Improved Pipeline Access at Tyler

    $0 $25 $50 $75 $100 $125 $150 $175 $5 $10 $15 $20 $25 Improved Pipeline Access at Tyler Potential Annual Savings from Improved Pipeline Access (1) 9 (1) 17,000 bpd equates to 6,205,000 barrels per year for annual savings. (2) Current crude differential is based on Argus data month to date as of May

  10. Slide 10: El Dorado Refinery Overview

    We Anticipate El Dorado’s Crude Slate Will Be Weighted Toward WTI-Linked Crude in 2Q 2013 Gasoline 48% Diesel 36% Asphalt 13% Other 3% Rail 21% Gulf 7% Inland/Local 72% El Dorado Refinery Overview 10  Inland PADD III refinery located in Southern Arkansas  80,000 bpd, 9.0 complexity (configured to

  11. Slide 11: Improved Crude Access at El Dorado

    $0 $100 $200 $300 $5 $10 $15 $20 $25 Improved Crude Access at El Dorado Potential Annual Savings from Improved Pipeline Access (1) 11 (1) 25,000 bpd equates to 9,125,000 barrels per year for annual savings potential calculation. (2) Current crude differential is based on Argus data month to date as

  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 Tyler: Vacuum Tower Bottoms Project (VTB)  Convert El Dorado asphalt to light product via Coker at Tyler (1) Subject to market pricing eco

  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  ~400 miles of crude and product transportation pipelines, including the 185 mile crude oil pipeline from Longview to Nederland, TX  600 mile crude oil gathering system  Storage facilities with 1.7 million barrels of crude oi

  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 1,082 249 264 2009 2010 2011 2012 1Q12 1Q13 $840 $897 $951 $1,011 $236 $230 2009 2010 2011 2012 1Q12 1Q13 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 $717 $131 $189 2008 2009 2010 2011 LTM 1Q13 1Q12 1Q13  Record profitability in 2011 and 2012 driven by growth in the refining segment; Strong 1Q13 performance  Strong cash flow generated from operations and Delek Logistics IPO in 2012  Last 12 month Free c

  19. Slide 19: Going Forward

    Going Forward

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

    Significant Organic Growth / Margin Enhancement Opportunities 20  Tyler Crude Slate  El Dorado Crude Slate (1) Benefit reflects annualized impact on contribution margin and is subject to market pricing economics. Contribution margin is defined as net sales less cost of goods sold, operating expens

  21. Slide 21: Questions and Answers

    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 $94.0 $14.5 $45.0 $66.1 $64.2 2010A 2011A 2012A 2013E Refining Retail, Logistics, Marketing and Other Historical and Projected Capital Spending 23 $56.8mm $81.0mm $132.0mm $158.2mm 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 1Q13 1Q12 1Q13 Net sales $4,723.7 $2,666.7 $3,755.6 $7,198.2 $8,726.7 $8,881.0 $2,170.4 $2,324.7 Cost of goods sold 4,308.1 2,394.1 3,412.9 6,429.9 7,704.4 7,786.4 1,955.0 2,037.0 Operating expenses

  25. Slide 25: Delek Logistics Partners, LP Summary Organization Structure

    Delek Logistics Partners, LP Summary Organization Structure 25 37.6% common limited partner interest 100% ownership interest (1) 2.0% general partner interest Incentive distribution rights Delek Logistics Partners, LP NYSE: DKL (the Partnership) 100% ownership interest Public Unitholders Operating S

  26. Slide 26: Investor Relations Contact

    Investor Relations Contact: Assi Ginzburg Keith Johnson Chief Financial Officer Vice President of Investor Relations 615-224-1158 615-435-1366

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