Summary Observations Regarding CVR's Campaign

Perspectives Regarding CVR's Business Proposals CVR Energy Proposal Shut Down or Convert Krotz Springs and El Dorado Refineries Delek Perspective US Recent investments at the Krotz Springs and El Dorado refineries improve ability to capture margins as the macro environment improves Self-serving proposal - Delek's refineries compete with CVR in certain markets Sell Retail Network Delek is currently focused on growing and enhancing the store network to create value and will continue to consider monetization alternatives Halt Dropdowns to DKL and Buy-In Public Interest in DKL Dropdowns to DKL have provided substantial value to Delek shareholders and the current structure provides an attractive alternative financing vehicle and acquisition currency Enhance Corporate Cost Structure & Reduce Expenses Exit Non-Core Assets/Activities, Including Supply and Trading Delek has achieved $145 million in annual expense savings during 2020 and is expected to achieve an additional $80 million (1) in expense savings in 2021 We have a track record of actively managing our portfolio, and supply and trading is a low- cost business that is highly-integrated with existing operations Self-serving proposal - CVR is a competitor with our supply and trading business in multiple markets Delek (1) Assumes reduced operations of Krotz Springs and excludes Q1 2021 weather-related impacts US 24

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