Renewable Diesel Driving Low Carbon Results
$10,500
Adjusted EBITDA Attributable to VLO Stockholders
($ in millions)
$8,892 MM
Expanding Our Long-term Competitive Advantage with
Investments in Economic Low-carbon Transportation Fuels
Visibility to Earnings Growth
$1.2 to $1.6 billion in Annual EBITDA from Growth Projects
(expected completion / project cost)
2012 - 2019
Range
Average:
$6,409 MM
$4,660 MM
2009:
$1,747 MM
Projects in Execution
Projects in Development
2020: $778 MM
$1.2 to $1.6 billion in Annual EBITDA
Contribution from Growth Projects
INVESTOR PRESENTATION | JUNE 2021
Pro Forma
EBITDA
EBITDA ($ in millions)
St. Charles
Alkylation Unit
Completed 4Q20
Refining Optimization and
Margin Improvement
• Pembroke Cogeneration Unit
(3Q21/$170 MM)
• Diamond Pipeline Expansion
(4Q21/$100 MM)
Renewables Expansion
$1.2 - $1.6 bn
Port Arthur
Coker
2023/$975 MM
Other Refining
and Logistics
Projects
Diamond Green
Diesel 2
4Q21/$550 MM
Other
Projects in
Execution
EBITDA from
Growth Projects
See slides 23-24 for notes regarding this slide. See slides 43-53 for non-GAAP disclosures.
Joint venture investments, including Diamond Green Diesel, reflect Valero's ownership interest.
Reinvesting capital
with diversification
into higher
growth,
higher
return and
lower
carbon
renewable
fuels
Valero
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