Delek Logistics Partners, L.p. · NYSE:DKL
Delek Logistics Partners, L.p — Merger or Acquisition (April 2022)
8 slides from Delek Logistics Partners, L.p's merger presentation, Apr 11, 2022
Slide 1: Acquisition of 3Bear Energy
Acquisition of 3Bear Energy Delek Logistics Partners April 2022
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: Transaction Summary
Transaction Summary 3Bear Acquisition Summary • Delek Logistics to acquire 100% membership interests in 3Bear Delaware Holding – NM, LLC (“3Bear”), a premier crude, gas and water gathering, processing and disposal business in the Northern Delaware Basin • Transaction valued at $625 million (the acqu
Slide 4: Investment Considerations
Investment Considerations Increased Exposure to Highly Economic Delaware Basin, Third-Party Revenue; Expands Geographic and Commodity Diversification • Recently constructed asset in the most active area of the Delaware Basin (Lea and Eddy County, NM) High Quality • ~485 miles of in-ground pipeline c
Slide 5: DKL + 3Bear: Integrated Company with Diversity and Scale
DKL + 3Bear: Integrated Company with Diversity and Scale Strategically located assets with leverage to Domestic production Permian Basin Gathering Assets NM TX Cushing Nashville Knoxville AR TN OK Brentwood Little Rock Memphis Hewitt Sala Gathering System El NM Big Springs Dorado El Dorado Dallas Fo
Slide 6: Established Infrastructure in the Delaware Basin
Established Infrastructure in the Delaware Basin Asset Overview 3Bear Delaware Holding—NM, LLC (“3Bear”) is a premier, three-stream midstream business located in the core of Northern Delaware Basin (Lea & Eddy County, New Mexico Integrated crude, gas, and water infrastructure Anchored by a diversifi
Slide 7: Diversifying from Sponsor Through Increased Third-Party Revenue
Diversifying from Sponsor Through Increased Third-Party Revenue Estimated Pipeline Revenue Post-Close (2) Pipeline Revenue Before (1) 6% 35% 65% 94% Third-Party Sponsor Third-Party Sponsor Companywide Estimated Contribution Margin Post-Close (3) 40% 60% Third-Party Sponsor (1) Calculated based on 20
Slide 8: Investor Relations Contacts
Investor Relations Contacts: Blake Fernandez, SVP IR/Market Intelligence 615-224-1312
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