#1Investor Presentation April 2023 Delek A New Energy#2Forward Looking Statement 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 and any accompanying oral and written presentations contain forward-looking statements within the meaning of federal securities laws that are based upon current expectations and involve a number of risks and uncertainties. Statements concerning current estimates, expectations and projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns, or matters that are not historical facts are "forward-looking statements," as that term is defined under the federal securities laws. Words such as "may," "will," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "appears," "projects" and similar expressions, as well as statements in future tense, identify forward-looking statements. These forward-looking statements include, but are not limited to, the statements regarding the following: financial and operating guidance for future and uncompleted financial periods; financial strength and flexibility; potential for and projections of growth; return of cash to shareholders, stock repurchases and the payment of dividends, induding the amount and timing thereof; crude oil throughput; crude oil market trends, including production, quality, pricing, demand, imports, exports and transportation costs; competitive conditions in the markets where our refineries are located; the performance of our joint venture investments; the potential for, and estimates of cost savings and other benefits from, acquisitions, divestitures, dropdowns and financing activities, including the 3 Bear acquisition; the attainment of certain regulatory benefits; implementation of ESG goals; longterm capital allocation; targeted internal rates of return; execution of strategic initiatives and the benefits therefrom, including the sum of the parts strategy, retail segment and approach to renewable diesel; and access to crude oil and the benefits therefrom. Investors are cautioned that the following important factors, among others, may affect these forward-looking statements: uncertainty related to timing and amount of value returned to shareholders; risks and uncertainties with respect to the quantities and costs of crude oil we are able to obtain and the price of the refined petroleum products we ultimately sell, including uncertainties regarding the impact of military conflict in Ukraine and future decisions by OPEC regarding production and pricing disputes between OPEC members and Russia; Delek US' ability to control costs; risks related to Delek US' exposure to Permian Basin crude oil, such as supply, pricing, production and transportation capacity; gains and losses from derivative instruments; management's ability to execute its strategy of growth through acquisitions and the transactional risks associated with acquisitions and dis positions, including the integration of the 3 Bear acquisition; acquired assets may suffer a diminishment in fair value as a result of which we may need to record a write-down or impairment in carrying value of the asset; changes in the scope, costs, and/or timing of capital and maintenance projects; the ability of the Wink to Webster joint venture to construct the long-haul pipeline; the ability of the Red River joint venture to expand the Red River pipeline; the possibility of litigation challenging renewable fuel standard waivers; the ability to grow the Big Spring and 3 Bear gathering systems; uncertainty relating to the impact of the COVID-19 pandemic; operating hazards inherent in transporting, storing and processing crude oil and intermediate and finished petroleum products; our competitive position and the effects of competition; risks associated with the physical effects of climate change and severe weather; general economic and business conditions affecting the geographic areas in which we operate; and other risks contained in Delek US' and Delek Logistics' filings with the United States Securities and Exchange Commission. Forward-looking statements should not be read as a guarantee of future performance or results, and will not be accurate indications of the times at, or by which such performance or results will be achieved. Forward-looking information is based on information available at the time and/or management's good faith belief with respect to future events, and is subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Neither Delek US nor Delek Logistics undertakes any obligation to update or revise any such forward-looking statements. Non-GAAP Disclosures: Our management uses certain "non-GAAP" operational measures to evaluate our operating segment performance and non-GAAP financial measures to evaluate past performance and prospects for the future to supplement our GAAP financial information presented in accordance with U.S. GAAP. These financial and operational non-GAAP measures are important factors in assessing our operating results and profitability and include: Adjusting items - certain identified infrequently occurring items, non-cash items, and items that are not attributable to or indicative of our on-going operations or that may obscure our underlying results and trends; Earnings before interest, taxes, depreciation and amortization ("EBITDA") - calculated as net income attributable to Delek US or Delek Logistics, as applicable, adjusted to add back interest expense, income tax expense, depreciation and amortization; Net debt-calculated as long-term debt (the most comparable GAAP measure) including both current and non-current portions, less cash and cash equivalents as of a specific balance sheet date. This is an important measure to monitor leverage and evaluate the balance sheet. Adjusted Segment Earnings calculated as reported GAAP contribution margin (or revenue less cost of materials and other and operating expenses) less estimated general and administrative expenses specific to the segment (and excluding allocations of corporate general and administrative expenses), adjusted to include gain (loss) from disposal of property and equipment, and adjusted to reflect the relevant Adjusting items (defined above). While this measure does not exactly represent EBITDA, it may be considered a reasonably comparable measure to EBITDA, in that it includes all identified material cash income and expense items, and excludes depreciation, amortization, interest and income taxes. This definition of Adjusted Segment Earnings (or, individually, Adjusted Refining Segment Earnings, Adjusted Logistics Midstream Segment Earnings or Adjusted Retail Segment Earnings) is specific to this communication only and the exhibits referenced herein, and may not correlate to the use of the term 'Adjusted Contribution Margin' or 'Adjusted Segment Contribution Margin' as a non-GAAP measure in other of our filings with the SEC. Accordingly, always refer to the respective Non-GAAP Disclosures section, included in each of our filings that contain non-GAAP measures, for more information regarding the use of and definition of non-GAAP measures and terms, as they relate to that specific SEC filing. We believe these non-GAAP measures are useful to investors, lenders, ratings agencies and analysts to assess our financial resuts and ongoing performance in certain segments because, when reconciled to their most comparable GAAP financial measure, they provide important information regarding trends that may aid in evaluating our performance as well improved relevant comparability between periods, to peers or to market metrics. Non-GAAP measures have important limitations as analytical tools because they exclude some, but not all, items that affect contribution margin, operating income (loss), and net income (loss). These measures should not be considered substitutes for their most directly comparable U.S. GAAP financial measures. Additionally, because the non-GAAP measures referenced above may be defined differently by other companies in its industry, Delek US's definition may not be comparable to similarly titled measures of other companies. See the accompanying tables in the appendix for a reconciliation of these non-GAAP measures to the most directly comparable GAAP measures. We are unable to provide a reconciliation of forward-looking estimates of EBITDA or other forward-looking non-GAAP measures because certain information needed to make a reasonable forward-looking estimate of net income or other forward-looking GAAP measures is difficult to estimate and dependent on future events, which are uncertain or outside of our control. Accordingly, a reconciliation to the most comparable GAAP measure is not available without unreasonable effort. These amounts that would require unreasonable effort to quantify could be significant, such that the amount of the projected GAAP measure could vary substantially from projected non-GAAP measure. 2#3Delek US Holdings میدا Integrated Downstream Energy Company Refining 302,000 BPD throughput capacity from four PADD 3 refineries with access to advantaged domestic, inland. crudes and Gulf Coast product pricing Logistics - transportation, storage and wholesale distribution of crude oil, intermediate and refined products, primarily through Delek Logistics (DKL), a master limited partnership Retail approximately 250 convenience stores, primarily in West Texas and New Mexico Unlocking Value for Shareholders and Unitholders Evaluating opportunities across Delek US business segments to unlock value for shareholders and unitholders As of December 31, 2022, Delek US owns 78.8% of DKL, implied equity value of approximately $1.7 billion or $25 per DK share(1) Alternatives to highlight Retail multiple of 9x11x (2) Financial Strength and Flexibility Delek US Holdings (DK) - $841.3 million of cash; $3,053.7 million long-term debt; $2.21 billion of net debt, as of December 31, 2022 Delek Logistics (DKL) - $8.0 million cash; $1,661.6 million long-term debt, as of December 31, 2022 DK excluding DKL - $833.3 million cash; $1,392.1 million long-term debt, $558.8 million net debt, excluding DKL (1) FactSet as of 3/29/2023. (2) Multiples based on sell-side research 3#4Integrated Company with Asset Diversity and Scale FL Big Spring Source 207,000 bpd from Permian Basin Growing gathering system • Wink to Webster JV Crude Oil Pipeline F CUSHING OPTIONALITY: 100,000 BPD Midland BIG SPRING GATHERING SYSTEM CUSHING MNASHVILLE WOODFORD BASIN BRENTWOOD MEMPHIS ALBUQUERQUE PERMIAN BASIN LITTLE ROCK m BIG SPRING WICHITA FALLS LUBBOCK DALLAS RED RIVER CADDO EL DORADO DELEK REFINERIES DELEK ASPHALT TERMINAL DELEK RENEWABLES RETAIL CITES ― DELEK CRUDE PIPELINE m DKL PRODUCT TERMINAL DKL PRODUCT TANK FARM DKL CRUDE TANK FARM DKL PRODUCT PIPELINE DKL CRUDE PIPELINE DKL NATURAL GAS PLANT DKL NATURAL GAS PIPELINE DKL WATER PIPELINE DKL SWD ...DKL JOINT VENTURE CRUDE PIPELINE ...THIRD-PARTY PRODUCT PIPELINE M THIRD-PARTY PRODUCT TERMINAL LONGVIEW, TEXAS ✰ CORPORATE HEADQUARTERS SALA GATHERING SYSTEM El Dorado Magnolia AR LA ST JAMES KROTZ SPRINGS m RIO WEST TEXAS GULF EL PASO WINK TO WEBSTER TYLER m SAN ANGELO AMDEL BEAUMONT DELAWARE GATHERING SYSTEM FREEPORT EAGLE FORD BASIN NEW ORLEANS EAST TEXAS LOGISTICS SYSTEM Crude Throughput Mt. Pleasant nn. Greenville -nn Big Sandy CADDO Longview Refinery Tyler Nelson Complexity Capacity (BPD) 75,000 8.7 El Dorado 80,000 10.2 Kilgore Big Spring 73,000 10.5 Krotz Springs 74,000 8.8 Henderson Total 302,000 9.6 4#5Environmental, Social, and Governance (ESG) Will publish 3rd annual Sustainability Report for DK in December of 2023 According to Refinitiv, Delek earned the leading environmental score relative to its S-MID Cap peers. Environmental Still the only small to mid-cap refiner to have announced a greenhouse gas (GHG) reduction We will cut our Scope 1 & Scope 2 emissions by 34% by 2030 Enhanced transparency by disclosing, for the 1st time, figures for water consumption and product spills Make annual disclosures using both the TCFD and SASB frameworks Company Phillips 66 Refinitiv Score 85.30 Marathon M 70.27 WANAN Valero 61.80 Valero MPLX MPLX 52.85 Delek Challats 48.85 HF Sinclair 46.35 Plains 42.28 PBF Energy 11.32 Par Pacific Par Pacific 3.80 Sunoco LP 2.81 CVR CVR Energy Energy 1.30 MSCI ESG RATINGS CCC B BB BBB Refinitiv, May 2022 A AA AAA (1) Governance Social Set 1st diversity hiring target, seeking a 3% increase in the number of diverse employees, at all levels, throughout the enterprise Established new Leadership Development Program to strengthen employee skills in the area of change management & communications Disclose, annually, our EEO-1 filing to the US Department of Labor 33.3% of our Board is diverse Board includes 2 female Directors and 1 Director from an underrepresented group 77.8% of our Board Directors are independent Implemented new Sustainability Operations Team (SOT) to coordinate execution of company's policies and plans (1) THE USE BY THE DELEK COMPANIES OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES ("MSCI") DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF THE DE LEK COMPANIES BY MSCI. MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED 'AS-IS' AND WITHOUT WARRANTY. MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI. 5#6Delek US Adjusted EBITDA 2022 vs 2021 ($mm) $1,400 $1,200 $1,000 $800 $600 $400 $200 $38 $58 $1,188 ($7) $1,185 ($91) $0 2021 Refining Logistics Retail Corporate Other 2022 6#7Refining DK Refining System 20% 4% 8% 68% ■ WTI ■Gulf Coast Sweet Local Arkansas Other 15% Tyler El Dorado 30% 55% 30% Oklahoma Arkansas Texas Big Spring Mississippi Louisiana Crude Throughput Refinery Tyler Nelson Complexity Capacity (BPD) 75,000 8.7 El Dorado 80,000 10.2 Big Spring 73,000 10.5 Krotz Springs 74,000 8.8 Total 302,000 9.6 85% ■ WTI ■ East Texas 15% ■ WTI ■Local Arkansas ■ Other 70% - WTI ■ WTS PADD 3 Refining System with Crude Slate Optionality Krotz Springs 30% 7% 63% ■ WTI Gulf Coast Sweet ■ Other 7#8Logistics Primarily through 78.8% owned MLP, Delek Logistics Partners, LP (DKL) Expansive gathering business ~1,970 miles of pipeline ~10.8MMB active shell capacity ~200 MBPD water disposal ~88 MMCFD gas processing capacity 10 light product distribution terminals. Diversifies portfolio of assets integrated with Refining and Marketing Positioned to benefit from activity in the Permian Basin Multi-year minimum volume commitment (MVC) contracts Big Spring CUSHING Midland BIG SPRING GATHERING SYSTEM WOODFORD BASIN ALBUQUERQUE PERMIAN BASIN BIG SPRING WICHITA FALLS LUBBOCK DALLAS m WEST TEXAS GULF RIO EL PASO WINK TO WEBSTER TYLER DELAWARE GATHERING SYSTEM m SAN ANGELO EAGLE FORD BASIN AMDEL RED RIVER CUSHING OPTIONALITY: 100,000 BPD LITTLE ROCK m EL DORADO m CADDO mNASHVILLE * BRENTWOOD MEMPHIS ח. no Magnolia AR LA ST JAMES KROTZ SPRINGS BEAUMONT FREEPORT EAST TEXAS LOGISTICS SYSTEM Mt. Pleasant nn. Greenville Big Sandy CADDO Longview nn Kilgore Henderson NEW ORLEANS DELEK REFINERIES SALA GATHERING SYSTEM El Dorado U DKL NATURAL GAS PLANT DELEK ASPHALT TERMINAL DELEK RENEWABLES RETAIL CITES ― DELEK CRUDE PIPELINE m DKL PRODUCT TERMINAL DKL PRODUCT TANK FARM DKL CRUDE TANK FARM -DKL PRODUCT PIPELINE -DKL CRUDE PIPELINE DKL NATURAL GAS PIPELINE DKL WATER PIPELINE DKL SWD DKL JOINT VENTURE CRUDE PIPELINE ...THIRD-PARTY PRODUCT PIPELINE M THIRD-PARTY PRODUCT TERMINAL LONGVIEW, TEXAS * CORPORATE HEADQUARTERS 8#9Retail ~80% integration with existing downstream operations offering synergies and competitive advantage Operate approximately 250 C-stores. in West Texas and New Mexico Rebranding 7-Eleven stores to DK in 2023 Implement interior rebranding/re- imaging DK ma Delek 14 DK DK your day a little easier c DK DK ED 6#10Capital Expenditures $ Millions Refining Logistics Retail ex 2022 2023 Est. 2023 Capital Expenditures Drivers 10% 22% 138 $ 202 131 81 34 31 68% Corporate/Other 40 36 Regulatory Sustaining Growth Delek Total $ 343 $ 351 10#11Long-term Capital Allocation Framework Invest Priorities Capital allocation program focuses on safety, maintenance, and reliability as top priority Cash Returns - Maintain a competitive cash return profile commensurate with underlying earnings power Grow Maintain financial strength and flexibility to support strategic growth objectives Enhance Balance Sheet / Return Excess Cash Reduce net debt and/or opportunistically return free cash flow to shareholders Non-Discretionary Sustaining Capital Expense - Approximately $100-$125 million sustaining capex/yr Between $50-$100 million per turnaround Critical for safe and reliable operations Discretionary Growth Capital Expense - 25% IRR targeted for >$5mm projects at Refining; <$5mm target is 50% IRR - >15% IRR minimum hurdle rate for Retail projects, dependent on size >15% IRR hurdle rate for stable cash flow Logistics projects Cash Returns to Shareholders · Target competitive overall cash return - Sustainable quarterly dividend - Opportunistically repurchase shares based on investment opportunities Acquisitions - Evaluate accretive opportunities as they arise vs. alternative uses of cash Sustaining and Regulatory Capital Expense - Continue to optimize the balance sheet it - Opportunistically enhanced balance sheet when free cash flow supports 11#12Delek US - Illustrative Sum-of-the-Parts Analysis Refining + Corp Other + Retail + DKL = DK (Consolidated) $ in millions except per share Illustrative Multiple 4.0x - 5.0x 9.0x - 11.0x 2023E EBITDA (1) 504 (1) 49 939 (1) Implied Enterprise Value 2,016 - 2,520 441 - 539 (-) Total Debt (1,392) (3,054) (+) Cash and Cash Equivalents 833 833 DK's Implied Equity Value $1,457 $1,961 $441 - $539 $1,696 $3,594 $4,196 DK Fully Diluted Shares Outstanding 69 69 69 69 Implied $/Share $21.20 - $28.55 $6.42 - $7.85 $24.68 DKL Liquidity Discount (20%) $19.75 $47.38 - $56.14 $23.14 DK Current Share Price Implied Upside Net Debt/2023E EBITDA Consensus and pricing taken as of 3/29/2023 All Debt, Cash, shares outstanding numbers as of 12/31/2022 financial statements 1.0x 4.3x 105% - 143% 2.4x (1) DK consolidated EBITDA of $939MM per FactSet consensus as of 3/29/23; Retail EBITDA of $49 MM, average of select sell sidefirms as of 3/29/23; DKL EBITDA of $386 MM per FactSet as of 3/29/23; Refining + Corp Other EBITDA of $504MM = $939MM - $386 MM - $49MM (2) DKL implied equity value reflects the actual equity of DK's 79% interest based on a unit price of $49.44 as of 3/29/2023. 12#131st Quarter 2023 Outlook $ Millions (except throughput) Low High Consolidated Operating Expenses $180 $190 Consolidated G&A $90 $95 Consolidated Depreciation and Amortization $80 $85 Net Interest Expense $55 $60 Total Crude Throughput (barrels per day) 250,000 260,000 13#14Reconciliation of Net Income (Loss) Attributable to Delek to Adjusted Net Income (Loss) 2021 $ in millions (unaudited) Reported net income (loss) attributable to Delek Adjusting items (2) Inventory LCM valuation (benefit) loss Tax effect Inventory LCM valuation (benefit) loss, net Other inventory impact Tax effect Other inventory impact, net 2022 $ As Adjusted (1) (Unaudited) (118.7) $ Three Months Ended December 31, Year Ended December 31, 2021 As Adjusted (1) 2022 (13.4) $ (Unaudited) 257.1 $ (128.3) (17.2) 8.2 1.9 8.5 3.9 (1.9) (0.4) (2.0) (13.3) 6.3 1.5 6.5 193.6 (61.6) 331.1 (218.1) (44.2) 14.4 (75.7) 50.8 149.4 (47.2) 255.4 (167.3) Business interruption insurance recoveries (5.2) (9.9) (31.1) (9.9) Tax effect 1.2 2.2 7.0 2.2 Business interruption insurance recoveries, net (4.0) (7.7) (24.1) (7.7) Total El Dorado refinery fire net losses, net of related recoveries Tax effect 4.0 7.8 (1.0) (1.9) El Dorado refinery fire losses, net of related recoveries, net 3.0 5.9 Total unrealized hedging (gain) loss where the hedged item is not vet recognized in the financial statements Tax effect 50.1 (5.5) 24.1 6.7 (12.2) 1.3 (5.9) (1.6) Unrealized hedging (gain) loss where the hedged item is not yet recognized in the financial statements. net 37.9 (4.2) 18.2 5.1 Non-cash change in fair value of Supply and Offtake ("S&O") Obligation associated with hedging activities Tax effect Non-cash change in fair value of S&O Obligation associated | | | (6.9) 1.5 ☐ | | | | | | | | | (5.4) 6.5 (1.6) 4.9 (10.2) 2.5 (7.7) 12.5 | | | | | (3.0) 9.5 179.5 10.6 (2.6) 8.0 600505 12.5 (3.0) 9.5 (49.8) 268.5 (165.7) $ 60.8 $ (63.2) $ 525.6 $ (294.0) with hedging activities.net Non-operating litigation accrual related to pre-Delek/Alon Merger shareholder action Tax effect Non-operating litigation accrual related to pre-Delek/Alon Merger shareholder action, net In-substance indemnification recoveries from WTW Contract Termination in excess of amounts that have or will impact net income Tax effect Contract termination recoveries in excess of amounts that have or will impact net income Transaction related expenses Tax effect Transaction related expenses, net Restructuring costs Restructuring costs, net Tax effect Total adjusting items (2) Adjusted net income (loss) (1) Adjusted to reflect the retrospective change in accounting policy from LIFO to FIFO for certain inventories. (2) All adjustments have been tax effected using the estimated marginal income tax rate, as applicable. 14#15Reconciliation of U.S. GAAP Income (Loss) per share to Adjusted Net Income (Loss) per share Three Months Ended December 31, Year Ended December 31, $ per share (unaudited) Reported diluted income (loss) per share Adjusting items, after tax (per share) (2) (3) 2022 2021 As Adjusted (1) 2021 2022 As Adjusted (1) (1.73) (Unaudited) $ (Unaudited) (0.18) $ 3.59 (1.73) Net inventory LCM valuation (benefit) loss Other inventory impact (0.19) 0.08 0.02 0.09 2.17 (0.64) 3.57 (2.26) El Dorado refinery fire net losses, net of related recoveries Business interruption insurance recoveries 0.04 0.08 (0.06) (0.10) (0.34) (0.10) Total unrealized hedging (gain) loss where the hedged item is not vet recognized in the financial statements 0.55 (0.06) 0.25 0.07 Non-cash change in fair value of S&O Obligation associated with hedging activities | (0.07) Non-operating litigation accrual related to pre-Delek/Alon Merger shareholder action 0.07 Contract termination recoveries in excess of amounts that have or will impact net income Transaction related expenses (0.10) 0.11 Restructuring costs Total adjusting items (2) 0.14 2.61 0.13 Adjusted net income (loss) per share S 0.88 $ (0.68) (0.86) $ 3.74 (2.22) 7.33 (3.95) (1) Adjusted to reflect the retrospective change in accounting policy from LIFO to FIFO for certain inventories. The adjustments have been tax effected using the estimated marginal tax rate, as applicable. (3) For periods of Adjusted net loss, Adjustments (Adjusting Items) and Adjusted net loss per share are presented using basic weighted average shares outstanding. 15#16Reconciliation of Net Income (Loss) attributable to Delek to Adjusted EBITDA Three Months Ended December 31, Year Ended December 31, $ in millions (unaudited) 2022 Reported net (loss) income attributable to Delek $ (118.7) 2021 As Adjusted (1) (13.4) $ 2022 2021 As Adjusted (1) 257.1 $ (128.3) Interest expense, net 62.6 36.7 195.3 136.7 Income tax expense (benefit) (43.6) (3.0) 63.9 (42.0) Depreciation and amortization 77.8 69.0 287.0 264.6 EBITDA attributable to Delek Adjusting items Net inventory LCM valuation (benefit) loss (21.9) 89.3 803.3 231.0 (17.2) 8.2 1.9 8.5 Other inventory impact 193.6 (61.6) 331.1 (218.1) Business Interruption insurance recoveries (5.2) (9.9) (31.1) (9.9) El Dorado refinery fire losses, net of related insurance 4.0 7.8 Unrealized hedging (gain) loss where the hedged item is not yet recognized in the financial statements 50.1 (5.5) 24.1 6.7 Non-cash change in fair value of S&O Obligation associated with hedging activities | (6.9) Non-operating litigation accrual related to pre-Delek/Alon Merger shareholder action 6.5 Contract termination recoveries in excess of amounts that have or will impact EBITDA (20.9) Transaction related expenses 10.6 Restructuring costs 12.5 12.5 Net income attributable to non-controlling interest 9.0 8.3 33.4 33.0 Total Adjusting items 242.8 (56.5) 382.5 (193.3) Adjusted EBITDA 220.9 $ 32.8 $ 1,185.8 37.7 (1) Adjusted to reflect the retrospective change in accounting policy from LIFO to FIFO for certain inventories. 16#17Reconciliation of Segment EBITDA Attributable to Delek to Adjusted Segment EBITDA Three Months Ended December 31, 2022 Three Months Ended December 31, 2021, As Adjusted (1) $ in millions (unaudited) Segment EBITDA Attributable to Delek Adjusting items Refining Logistics Retail Corporate, Other and Eliminations Consolidated $ in millions (unaudited) $ (39.1) $ 90.7 $ 7.8 $ (81.3) $ (21.9) Segment EBITDA Attributable to Delek Adjusting items $ Refining (1) 61.7 Logistics Retail Corporate, Other and Eliminations Consolidated (1) $ 67.9 $ 10.0 $ (50.3) $ 89.3 Net inventory LCM valuation (benefit) loss Other inventory impact (17.1) (0.1) (17.2) 193.6 193.6 Net inventory LCM valuation (benefit) loss Other inventory impact 8.0 0.2 (61.6) 8.2 (61.6) Unrealized inventory/commodity hedging (gain) loss where the hedged item is not yet recognized in the financial statements 38.7 0.3 39.0 Unrealized inventory/commodity hedging (gain) loss where the hedged item is not yet recognized in the financial statements (6.0) (6.0) Unrealized RINs and other hedging (gain) loss where the hedged item is not yet recognized in the financial statements Total unrealized hedging (gain) loss where the hedged item is not vet recognized in the financial statements Restructuring costs 11.1 49.8 11.1 Unrealized RINs and other hedging (gain) loss where the hedged item is not yet recognized in the financial statements 0.5 0.5 0.3 50.1 12.5 12.5 Total unrealized hedging (gain) loss where the hedged item is not vet recognized in the financial statements El Dorado refinery fire losses (5.5) (5.5) 4.0 4.0 Business Interruption insurance recoveries Net income attributable to non-controlling interest Total Adiusting items Adjusted Segment EBITDA (5.2) (5.2) Business Interruption insurance recoveries (9.9) (9.9) 9.0 9.0 Net income attributable to non-controlling interest 8.3 8.3 221.1 (0.1) 21.8 242.8 Total Adjusting items (65.0) 0.2 8.3 (56.5) $ 182.0 S 90.6 $ 7.8 $ (59.5) $ 220.9 Adjusted Segment EBITDA $ (3.3) $ 68.1 S 10.0 $ (42.0) $ 32.8 17#18Reconciliation of Segment EBITDA Attributable to Delek to Adjusted Segment EBITDA $ in millions (unaudited) Seqment EBITDA Attributable to Delek Adjusting items Net inventory LCM valuation (benefit) loss Other inventory impact 2.0 331.1 Unrealized inventory/commodity hedging (gain) loss where the hedged item is not yet recognized in the financial statements 8.1 Unrealized RINs and other hedging (gain) loss where the hedged item is not yet recognized in the financial statements Total unrealized hedging (gain) loss where the hedged item is not yet recognized in the financial statements Restructuring costs Transaction related expenses Business Interruption insurance recoveries Net income attributable to non-controlling interest Total Adjusting items Adjusted Segment EBITDA Year Ended December 31, 2021, As Adjusted (1) Refining Logistics Retail $ 719.1 $ 304.8 S 44.1 $ (0.1) Year Ended December 31, 2022 Corporate, Other and Eliminations $ in millions (unaudited) Consolidated (264.7) $ Segment EBITDA Attributable to Delek Adjusting items $ Refining (1) 69.2 $ Logistics Retail Corporate, Other and Fliminations Consolidated (1) 258.0 $ 51.1 S (147.3) $ 231.0 803.3 Net inventory LCM valuation (benefit) loss Other inventory impact 8.4 0.1 (218.1) 8.5 (218.1) 1.9 331.1 Unrealized inventory/commodity hedging (gain) loss where the hedged item is not yet recognized in the financial statements 6.7 (0.3) 6.4 8.1 Unrealized RINS and other hedging (gain) loss where the hedged item is not yet recognized in the financial statements 0.3 0.3 16.0 16.0 Total unrealized hedging (gain) loss where the hedged item is not yet recognized in the financial statements El Dorado refinery fire losses 7.0 (0.3) 6.7 7.8 7.8 Business Interruption insurance recoveries (9.9) (9.9) 24.1 24.1 Non-cash change in fair value of S&O Obligation associated with hedging activities (6.9) (6.9) 12.5 12.5 Non-operating litigation accrual related to pre-Delek/Alon 10.6 10.6 Merger shareholder action 6.5 6.5 (31.1) (31.1) 33.4 33.4 Contract termination recoveries in excess of amounts that have or will impact EBITDA (20.9) (20.9) 326.1 10.5 45.9 382.5 Net income attributable to non-controlling interest 33.0 33.0 $ 1.045.2 $ 315.3 $ 44.1 $ (218.8) $ Total Adjusting items 1.185.8 Adjusted Segment EBITDA $ (211.7) (142.5) $ (0.2) 18.6 (193.3) 257.8 $ 51.1 $ (128.7) $ 37.7 1) Adjusted to reflect the retrospective change in accounting policy from LIFO to FIFO for certain inventories. 18