Pbf Energy Inc. · NYSE:PBF
Pbf Energy — Shareholder Meeting (May 2014)
9 slides from Pbf Energy's shareholder meeting presentation, May 22, 2014
Slide 1: PBF Energy Annual Shareholders' Meeting May 21, 2014
PBF Energy Annual Shareholders’ Meeting May 21, 2014
Slide 2: Safe Harbor Statements
2 Safe Harbor 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 operating results
Slide 3: PBF Energy Company Profile
3 PBF Energy Company Profile PBF owns three oil refineries located in Ohio, Delaware and New Jersey Aggregate throughput capacity of approximately 540,000 barrels per day Weighted-average Nelson Complexity of 11.3 Fifth largest U.S. independent refiner Access to East Coast rail infrastruct
Slide 4: PBF Logistics IPO and initial assets
4 PBF Logistics launched its initial public offering on April 30, 2014 and commenced trading on the NYSE on May 9, 2014 PBFX’s initial assets consist of a light crude oil rail unloading terminal at the Delaware City refinery and a crude oil truck unloading terminal at the Toledo refinery Rail
Slide 5: Conservative financial profile with strong liquidity
5 PBF Energy maintains a conservative financial profile with strong liquidity and access to capital markets Net Debt to Net Capitalization at March 31, 2014 was 22% Balance sheet further strengthened by successful PBF Logistics IPO Net proceeds contributed approximately $330 million(1) in ca
Slide 6: PBF's 2014 margin improvement initiatives
6 PBF’s 2014 margin improvement initiatives *Figures provided do not indicate a full year of margin contribution in 2014 but are estimates based on a full year of operations using historical prices and subject to change based on project completion timelines, cost of RINs, market and other factors an
Slide 7: Safety of Rail Operations
7 Safety of Rail Operations PBF will lead the way on rail safety New-style DOT-111A rail cars, also referred to as CPC-1232, ordered after October 1, 2011 are the most recent design and include thicker shells, half-head shields, and protective coverings over the top fittings and improved pressure
Slide 8: Increasing Shareholder Value in 2014
8 Increasing Shareholder Value in 2014 Operate safely and efficiently Maintain capital discipline and conservative balance sheet Invest in margin improvement projects Grow through strategic acquisitions Return cash to investors
Slide 9: Ce a tes oo
Ce a tes oo eee