Hf Sinclair Corporation · NYSE:DINO
Hf Sinclair — HollyFrontier — Shareholder Meeting (May 2015)
10 slides from Hf Sinclair's shareholder meeting presentation, May 13, 2015
Slide 1: Annual Shareholder Meeting May 13, 2015
Annual Shareholder Meeting May 13, 2015
Slide 2: Forward-Looking Statements
ae HOLLYFRONTIER i Seniesa a _ pies Corpo! Statements made during the course of this presentation that are not historical facts are “forward looking statements” within the meaning of the U.S. Private Securities Leases Reform Act of 1995. Forward-looking statements are inherently uncertain and necess
Slide 3: Our Mission and Values
OUR MISSION OUR VALUES OUR MISSION |S tobe the premier Us. petroleum refining, HEALTH & SAFETY WE PUT ETY FIRST sustainable, profitable growth. WE SEEK TO ACCOMPLISH THIS BY: [i uA SS ENVIRONMENTAL STEWARDSHIP, WE CARE ABOUT THE ENVIRONMENT. Ga uaer ger WE OBEY THELY HONESTY & RESPECT WE TELL THE TR
Slide 4: Agenda
Agenda 4 1. Financial Performance 2. Margin Environment 3. Cash Distribution Strategy 4. Strategic Accomplishments 5. 2015 Outlook
Slide 5: 2014 Financial Performance
5 2014 Financial Performance 2014 EPS -27% vs 2013 2014 Net Income -29% vs 2013 2014 EBITDA -29% vs 2013 *HFC 2014 exclusive of $397 million inventory valuation charge
Slide 6: Margin Environment
6 Margin Environment HFC 2014 Reported Consolidated Refinery Gross Margin per Barrel 13% Below 2013 Levels HFC Consolidated Refinery Gross Margin per Barrel $13.98 vs 2013 $15.99 2014 2013 YoY MidCon $12.40 $16.28 -24% Southwest $15.96 $13.91 +15% Rockies $16.56 $17.86 -7%
Slide 7: Cash Distribution Strategy
Cash Distribution Strategy 7 Strategy is to return a significant portion of cash earnings to shareholders through: Growing Regular Dividends paid quarterly Share Repurchases Among best in class dividend yield 3.4% regular dividend yield based on Dec. 31, 2014 closing stock price of $37.48
Slide 8: 2014 Strategic Accomplishments
8 2014 Strategic Accomplishments Improved Environmental, Health and Safety Performance 13% reduction in refinery emissions events 24% reduction in process safety incidents Returned over $780 million to stockholders through share repurchases and dividends Investing in our Operations Inves
Slide 9: 2015 Outlook
9 2015 Outlook Health, Safety and Environmental Performance Remain Top Priorities Operational Reliability and Cost Management Expected to Improve Capital Project Execution to Bring Major Projects to Completion Manage Commercial Operations for Margin Improvements Strategic Deployment of Sma
Slide 10: Definitions & Financial Metrics
Definitions & Financial Metrics 10 Non GAAP measurements: We report certain financial measures that are not prescribed or authorized by U. S. generally accepted accounting principles ("GAAP"). We discuss management's reasons for reporting these non-GAAP measures below. Although management evaluates