Investor Presentaiton
HF Sinclair Disclosure
Light Product Index Appendix
Product Yield by Region
Average Product Yield 2022
Feedstocks by Region
Average Crude Slate 2022
Expected Turnarounds in 2023
Index MidCon
West
Index MidCon
West
Gasoline
Distillate
67%
33%
51%
53%
Sweet
100%
58% 28%
39% 37%
Sour
20%
50%
Asphalt
3%
3%
Heavy
16%
10%
Refinery Timing Length Units
Puget Sound 1Q23
Woods Cross 1Q23
E Dorado
1Q23
Mississauga 2Q23
40 days Crude/Vacuum, Coker, Alky
30 days
35 days
Crude1/Vacuum, Gas Oil Hydrotreater
Crude/Vacuum, Coker
40 days
Lubes Processing Unit
Base Oils
4%
0%
Black Wax
0%
5%
Navajo
2Q23
30 days
LPG & other
3%
7%
Other
6%
7%
Sinclair
- Other products include Fuel Oil and Gas Oil
Other feedstocks include butane,
- Numbers are rounded and may not sum to 100%
natural gasoline, propane, and olefins
Casper
Tulsa
2Q23
3Q23
4Q23
35 days
South Crude/Vacuum, Hydrocracker, Reformer
Crude/Vacuum
30 days
Crude, FCC, Reformer
45 days
West Crude, Vacuum, Lubricant Complex
- Numbers are rounded and may not sum to 100%
HF Sinclair's actual pricing and margins may differ from benchmark indicators due to many factors. For example:
Crude Slate differences - HF Sinclair runs a wide variety of crude oils across its refining system and crude slate may vary quarter to quarter.
Product Yield differences - HF Sinclair's product yield differs from indicator and can vary quarter to quarter as a result of changes in economics, crude slate, and operational downtime.
Other differences including, but not limited to, secondary costs such as product and feedstock transportation costs, purchases of environmental credits, quality differences, location of purchase or sale, and hedging gains/losses. Moreover, the presented indicators are generally based on
spot sales, which may differ from realized contract prices.
Market prices are available from a variety of sources, each of which may vary slightly.
Please note that this data may differ from other sources due to adjustments made by data providers and due to differing data definitions. Below are indicator definitions used for purposes of this data.
MidCon Indicator:
West Indicator:
(100% Group 3: Sub octane and ULSD) - WTI
34% Puget Sound: (100% Pacific Northwest Sub-octane Gasoline; 100% Pacific Northwest ULSD) - WTI
28% Navajo: (50% El Paso Subgrade, 50% Phoenix CBG; 50% El Paso ULSD, 50% Phoenix ULSD) - WTI
20% Sinclair: (70% Denver Regular Gasoline, 30% Salt Lake City Regular Gasoline; 60% Denver ULSD, 40% Salt Lake City ULSD) - WTI
10% Woods Cross: (60% Salt Lake City Regular Gasoline, 40% Las Vegas Regular Gasoline; 80% Salt Lake City ULSD, 20% Las Vegas ULSD) - WTI
8% Casper: (70% Denver Regular Gasoline, 30% Salt Lake City Regular Gasoline; 60% Denver ULSD, 40% Salt Lake City ULSD) - WTI
Lubricants Index Appendix
HF Sinclair's actual pricing and margins differ from benchmark indicators due to many factors. For example:
Feedstock differences - HF Sinclair runs a variety of vacuum gas oil streams and hydrocracker bottoms across its refining system and feedstock slate may vary quarter to quarter.
Product Yield differences - HF Sinclair's product yield differs from indicator and can vary quarter to quarter as a result of changes in economics and feedstocks.
Other differences including, but not limited to, secondary costs such as product and feedstock transportation costs, quality differences and location of purchase or sale. Moreover, the presented indicators are generally based on spot commodity base oil sales, which may differ from
realized contract prices.
Market prices are available from a variety of sources, each of which may vary slightly. Please note that this data may differ from other sources due to adjustments made by data providers and due to differing data definitions. Below are indicator definitions used for purposes of this data.
Group I Base Oil Indicator:
(50% Group I SN150, 50% Group I SN500) - VGO
Group II Base Oil Indicator:
Group III Base Oil Indicator:
VGO:
Renewable Diesel Index Appendix
(33.3% Group II N100, 33.3% Group II N220, 33.3% Group II N600) - VGO
(33.3% Group III 4cst, 33.3% Group III 6cst, 33.3% Group III 8cst) - VGO
(US Gulf Coast Low Sulfur Vacuum Gas Oil)
HF Sinclair's actual pricing and margins differ from benchmark indicators due to many factors. For example:
Feedstock differences - HF Sinclair runs a variety feedstocks across its renewable diesel units and feedstock slate may vary quarter to quarter.
Product Yield differences - HF Sinclair's product yield differs from indicator and can vary quarter to quarter as a result of changes in economics, feedstocks and operational downtime.
Other differences including, but not limited to, secondary costs such as product and feedstock transportation costs, quality differences and location of purchase or sale. Moreover, the presented indicators are generally based on spot sales, which may differ from realized contract prices.
Market prices are available from a variety of sources, each of which may vary slightly. Please note that this data may differ from other sources due to adjustments made by data providers and due to differing data definitions. Below are indicator definitions used for purposes of this data.
NYMEX NY Harbor ULSD+ (1.7* D4 RIN) + (0.0044* California LCFS Credit) - (8.5 * CBOT Soybean Oil Month 1) + BTC
Renewable Diesel Indicator:
BTC:
California LCFS Credit:
D4 RIN:
(Blender's Tax Credit of $1.00 per gallon through December 31, 2022)
(California's Low Carbon Fuel Standard Credit)
(Bio-mass based Diesel Renewable Identification Number)
34
Note:
HF Sinclair Index includes Parco Refinery and Casper Refinery weighting contribution as of April 2022.
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