Delek Logistics Partners, L.p. · NYSE:DKL
Delek Logistics Partners, L.p — Q2 2024 Earnings Presentation
11 slides from Delek Logistics Partners, L.p's earnings presentation, Aug 6, 2024
Slide 1: Investor Update
Investor Update August 6, 2024 1
Slide 2: Disclaimers
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. These slides
Slide 3: Our Strategic Framework
Our Strategic Framework Full-Service Permian-F ocu se d Midstream Provider Strategic & Accretive Growth Projects & Acquisitions • Acquisition of 100% of the limited liability company interests in H2O Midstream 01 Intermediate, LLC, H2O Midstream Permian LLC, and H2O Midstream LLC ("H2O Midstream") a
Slide 4: Strategic Acquisition in the Midland Basin
Strategic Acquisition in the Midland Basin • Delek Logistics Partners LP (“DKL”) to acquire H2O Midstream, a DKL / H2O Midstream – Combined Midland Asset Map portfolio company of EIV Capital, LLC (“EIV”), for a total consideration of $230 million • Funding Consideration: • $160 million in cash at cl
Slide 5: New Delaware Basin Gas Plant
New Delaware Basin Gas Plant • Strategic Rationale: Delek Delaware ✓ Supports growth strategy of providing a full midstream service DKL / H2O Midstream – Combined Midland Asset Map solution to existing and new 3rd party customers System ✓ Strong overlap with DKL’s existing Delaware Basin footprint c
Slide 6: Intercompany & DKL/DK Transaction Highlights
Intercompany & DKL/DK Transaction Highlights Bottom line: DKL adds ~$70mm in projected third party cash flow on course to majority of its EBITDA coming from non-affiliated counterparties 6
Slide 7: Continuing To Expand 3rd Party Product Offering
Continuing To Expand 3rd Party Product Offering Status Quo – % 3rd Party Contribution (Current EBITDA) Pro Forma – % 3rd Party Contribution (2H‘25 Run Rate EBITDA) Status Quo – % Water Contribution (Current EBITDA) Pro Forma – % Water Contribution (2H’25 Run Rate EBITDA) 4% 9% % Refining Logistics 1
Slide 8: Financial Strength & Consistent Progression
Financial Strength & Consistent Progression * * 8 *Source: Delek Management Projection – Non-GAAP Measure
Slide 9: Appendix
~Yelelk« APPENDIX
Slide 10: Annual EBITDA and Adjusted EBITDA Reconciliation
Annual EBITDA and Adjusted EBITDA Reconciliation 10
Slide 11: Reconciliation of Distributable Cash Flow
Reconciliation of Distributable Cash Flow 11
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