Cvr Energy Inc. · NYSE:CVI
Cvr Energy — Investor Presentation (February 2012)
8 slides from Cvr Energy's investor presentation, Feb 13, 2012
Slide 1: Returning Capital to Shareholders
Exhibit 99.2 Returning Capital to Shareholders February 13, 2012
Slide 2: We are taking action to prudently return cash to shareholders
We are taking action to prudently return cash to shareholders CVR Energy Declares Regular Quarterly Dividend and Intends to Monetize a Portion of its Investment in CVR Partners CVR Energy announced today its Board of Directors approved a regular quarterly cash dividend of $0.08 per common share – Di
Slide 3: This plan is focused on shareholder value
This plan is focused on shareholder value Our plan provides transparency and certainty of execution and will deliver additional immediate and long-term value to CVR Energy shareholders Institutes a regular quarterly dividend to benefit shareholders Monetizes a portion of the CVR Partners stake after
Slide 4: Delivering value to CVR Energy shareholders
Delivering value to CVR Energy shareholders Since IPO, CVR Energy is #1 in total return among refining peers and remains focused on creating value for shareholders Refiners relative total return performance 180 CVI Refining peers S&P 500 Since IPO 43% (34%) (2%) 160 3-year 357% 77% 73% 2-year 243% 1
Slide 5: CVR Partners has outperformed the Alerian MLP index and fertilizer corporations
CVR Partners has outperformed the Alerian MLP index and fertilizer corporations CVR Partners has provided a total return of 86% since IPO Total return of UAN vs. Alerian MLP index and fertilizer corporations 220 200 86 % 180 160 140 120 10 % 100 4% 80 60 Apr-11 May-11 Jun -11 Jul-11 Sep-11 Oct-11 No
Slide 6: Your Board's commitment to shareholders
Your Board’s commitment to shareholders Our principles Commitment to operational excellence Commitment to building shareholder value in accordance with prudent capital allocation Continuously evaluating opportunities and alternatives to enhance value for or return cash to shareholders Transparency r
Slide 7: Separating Refining and Fertilizer at this time is not an optimal strategy
Separating Refining and Fertilizer at this time is not an optimal strategy A Fertilizer separation has significant structural, execution and valuation risks compared with our plan Structural and execution risks Tax-free separation is complex and requires corporate holding company for UAN units (UAN
Slide 8: We have a demonstrated track record of creating shareholder value
We have a demonstrated track record of creating shareholder value Our plan is consistent with our commitment to creating value through operating improvements, focused growth initiatives, conservative capital management and structural actions Operational excellence and enhancements – Increased total