Pbf Energy Inc. · NYSE:PBF
Pbf Energy — Shareholder Meeting (May 2013)
9 slides from Pbf Energy's shareholder meeting presentation, May 21, 2013
Slide 1: PBF Energy Inc. Annual Meeting of Stockholders
PBF Energy Inc. Annual Meeting of Stockholders May 21, 2013
Slide 2: Legal Notice / Forward-Looking Statements
Legal Notice / Forward-Looking Statements This presentation contains forward-looking statements made by PBF Energy Inc. (the “Company” or “PBF”) and its management. Such statements are based on current expectations, forecasts and projections, including, but not limited to, anticipated financial and
Slide 3: PBF Rail Deliveries of Canadian Heavy Crude
PBF Rail Deliveries of Canadian Heavy Crude Canadian Heavy Deliveries (bpd) 2013 1st Quarter 17,000 2013 2nd Quarter 18,000 2013 3rd Quarter 35,000 2013 4th Quarter 40,000 2014 1st Quarter 40,000 2014 2nd Quarter 60,000 2014 3rd Quarter 70,000 2014 4th Quarter 80,000 Transportation Cost (per barrel)
Slide 4: PBF's RINs Obligation
PBF’s RINs Obligation RINs obligations are incurred through Estimated 2013 RIN Gallon Obligation domestics sales of gasoline and diesel with Blending PBF Energy currently blends part of its 2nd Quarter 59,000,000 gasoline production which fulfills a significant portion of its ethanol RINs obligation
Slide 5: Toledo Refinery Optimization
Toledo Refinery Optimization Expected Capital, Benefit, Project Completion MM$* MM$/yr EBITDA* Crude Unloading by Truck Complete 4.5 11.0 Buckeye Pipeline Products Outlet Complete 4.9 Additional Crude Tank Q3-2014 18.3 16.0 Chemicals Expansion Q4-2014 20.0 19.0 FCC Strategic Projects 32.0 Reactor St
Slide 6: Presentation Remarks: Canadian Heavy Crude deliveries
Presentation Remarks Speaker: Thomas D. O’Malley, Executive Chairman, PBF Energy Inc. I have three subjects to review at the meeting with our shareholders. I will be using a slide presentation for each of these items and the slides together with my remarks are available on PBF’s website www.pbfenerg
Slide 7: Rail transportation cost of Canadian crude
The second table gives our best estimate of the future costs of moving this crude oil from Western Canada by rail. Transportation Cost (per barrel) nd 2013 2 Quarter $21.00 rd 2013 3 Quarter $18.00 th 2013 4 Quarter $17.50 st 2014 1 Quarter $17.50 nd 2014 2 Quarter $17.25 rd 2014 3 Quarter $16.75 th
Slide 8: RINs
RINs The second subject I would like to comment on is the U.S. government’s program involving Renewable Identification Numbers. This program is, in our view, ill advised and not justified given today’s U.S. Energy environment. It is in our view, an unjustified direct subsidy for the Ethanol and Bio
Slide 9: Toledo
Toledo Finally, while the heavy crude opportunities I discussed earlier will improve the competitiveness of our East Coast systems, we are also pursuing opportunities to increase the profitability of our Toledo Refinery, as shown in the next slide. These projects, which will improve crude sourcing a