Investor Presentaiton
Reconciliation 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
17View entire presentation