Arko Petroleum Corp. · NASDAQ:APC
Arko Petroleum — Energy Infrastructure Council CEO & Investor Conference 2026
18 slides from Arko Petroleum's conference presentation, May 14, 2026
Slide 1: Energy Infrastructure Council CEO & Investor Conference
One of the Largest Wholesale Fuel Distributors by Gallons in North America Energy Infrastructure Council CEO & Investor Conference May 2026 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement FORWARD-LOOKING STATEMENTS This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, ARKO Petroleum Corp.’s (“APC,” or the “Company”)
Slide 3: Today's Participants
Today’s Participants Arie Kotler Jordan Mann Chairman, President & CEO Chief Financial Officer • Mr. Kotler has served as ARKO Corp.’s Chairman, President • Mr. Mann has served as ARKO Petroleum Corp.’s CFO since and CEO since ARKO Corp.'s business combination and October 2025 listing on NASDAQ in D
Slide 4: Introduction to APC (for the Year Ended December 31, 2025)
Introduction to APC (for the Year Ended December 31, 2025) APC is one of the largest wholesale fuel distributors by gallons in North America APC Overview Segment Highlights APC distributes fuel to 3,489 sites across the U.S. through its three business segments Wholesale Fleet Fueling GPMP(1) Wholesa
Slide 5: One of the Largest Wholesale Fuels Distributors in North America
One of the Largest Wholesale Fuels Distributors in North America APC has a strong history of accretive growth and a broad continental presence, with 3,489 sites spanning 30+ states, making us one of the largest fuels distributors by gallons in North America Map of APC’s Wholesale, ARKO Retail and Fl
Slide 6: Recent Public Listing of APC
Recent Public Listing of APC APC Successfully Listed on Nasdaq on February 12, 2026 Key Highlights Public Listing Date February 12, 2026 Offer Price $18.00 per share Shares Listed 12.6M Shares of Class A Common Stock , representing 26.4% of the economic interest in APC (1) Primary Gross Proceeds $22
Slide 7: APC Investment Highlights
APC Investment Highlights 01 Tenured Supplier Relationships and Long-Term Fee-Based Distribution Contracts 02 Stable Cash Flow Profile with High Relative Cash Flow Conversion Well-Positioned to Return Capital to Stockholders While Pursuing a Conservatively 03 ARKO Capitalized Balance Sheet Petroleum
Slide 8: Long-Term, Fee-Based Contracts Provide a Foundation for Cash Flow Stability
Long-Term, Fee-Based Contracts Provide a Foundation for Cash Flow Stability Majority of gallons (~85%) distributed are sold under long-term, cost-plus contracts Fuel Distribution Model Wholesale (Cost-Plus & Consignment) Fleet Fueling GPMP (Cost-Plus) • Fixed-fee mark-up (1,801 sites) and gross • Su
Slide 9: Leading Cash Flow Conversion Profile and Strong Balance Sheet
Leading Cash Flow Conversion Profile and Strong Balance Sheet Cash Flow Conversion Profile Asset light nature of Low relative leverage target 70% targeted discretionary businesses results in low (stockholders are primary cash flow (1) as a percentage maintenance capital recipients of cash flow) of a
Slide 10: Attractive Industry Dynamics Backstop Strong Growth Outlook
Attractive Industry Dynamics Backstop Strong Growth Outlook The U.S. fuels distribution market remains highly fragmented, leaving runway for APC to continue its acquisitive growth strategy • The U.S. fuels distribution market supplied approximately 196 billion gallons of gasoline and diesel fuel in
Slide 11: Attractive Fleet Fueling Segment
Attractive Fleet Fueling Segment Leading Cardlock Operator With Strong Presence on the East Coast and Southwestern U.S. Overview Strong Performance After Quarles Acquisition • The Fleet Fueling segment was added in July 2022 as part of the RAPID INTEGRATION, STRONG PERFORMANCE acquisition of certain
Slide 12: GPMP Segment Leverages its Relationship with ARKO
GPMP Segment Leverages its Relationship with ARKO • GPMP Segment includes the supply of fuel to substantially all of the ARKO Retail Sites at our cost of fuel plus a fixed margin • GPMP charges a fixed fee to certain of the ARKO Retail Sites that are not supplied by APC • The sales to ARKO Retail Si
Slide 13: Robust Organic and Inorganic Growth Outlook
Robust Organic and Inorganic Growth Outlook Ample Liquidity to Support Disciplined Growth Strategy and Consistent Dividend Growth Diversified Growth Strategy APC has grown total gallons distributed by a compounded annual growth rate of ~11% between 2020 and 2025 Fleet Fueling NTI ARKO Retail NTI Who
Slide 14: Financial Overview
Financial Overview Sites and Gallons Distributed MM (2022 –2025)(1) Fuel Contribution $MM(1) Wholesale Fleet Fueling GPMP Other Sites Wholesale Fleet Fueling GPMP Illustrative Impact of GPMP Fee Increase (2) Other 3,622 3,558 3,489 3,214 $210 $220 $216 $217 $206 $208 2,183 2,132 $188 $178 $11 $10 $9
Slide 15: Q1 2026 Earnings Highlights
Q1 2026 EARNINGS HIGHLIGHTS (compared to Q1 2025) NTIs 2.1x ~$730M +14% +9% +4% ❖ 1 New Cardlock in Q1 ❖ 17 additional Cardlocks WHOLESALE FUEL FLEET FUELING GPMP FUEL Underway NET LEVERAGE(3) AVAILABLE CONTRIBUTION (1) FUEL CONTRIBUTION(1) CONTRIBUTION(2) LIQUIDITY(3) ADJUSTED EBITDA DISCRETIONARY
Slide 16: Thank You!
. Thank You! 16
Slide 17: Appendix
APC ARKO PETROLEUM CORP. Appendix
Slide 18: Reconciliation to non-GAAP Figures
Reconciliation to non-GAAP Figures For the Three Months For the Year Ended For the Twelve- As of March 31, As of December 31, Ended March 31, December 31, Months Ended 2026 2025 2026 2025 2025 March 31, 2026 (in thousands, except ratios) (in thousands) Total debt, net $ 184,541 $ 392,030 Net income
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