Renewable Diesel Driving Low Carbon Results
Non-GAAP Disclosures:
Sustaining Capex and Growth Capital Investments Attributable to Valero
RECONCILIATION OF TOTAL SUSTAINING CAPITAL EXPENDITURES TO SUSTAINING CAPITAL EXPENDITURES ATTRIBUTABLE TO VALERO
(in millions)
Sustaining capital expenditures (excluding VIES)
Sustaining capital expenditures of DGD
2012
$1,525
6
2013
$1,413
2014
$1,232
Year Ended December 31,
2015
$1,459
2016
$1,418
2
10
2
28
2017
$1,300
13
2018
2019
2020
$1,896
$1,693
$1,095
47
20
31
Total sustaining capital expenditures
Adjustments:
1,531
1,415
1,242
1,461
1,446
1,313
1,943
1,713
1,126
DGD's sustaining capital expenditures attributable to our joint venture partner
Sustaining capital expenditures attributable to Valero
(3)
$1,528
(1)
$1,414
(5)
$1,237
(1)
$1,460
(14)
$1,432
(7)
$1,306
(24)
$1,919
(10)
$1,703
(15)
$1,111
RECONCILIATION OF TOTAL GROWTH CAPITAL INVESTMENTS TO GROWTH CAPITAL INVESTMENTS ATTRIBUTABLE TO VALERO
(in millions)
Growth capital expenditures (excluding VIES)
2012
$1,675
2013
$1,268
2014
Year Ended December 31,
2015
2016
2017
2018
2019
2020
$1,556
$830
$544
$488
$455
$696
$542
Growth capital expenditures of VIES:
DGD
204
72
4
6
75
145
140
517
Other VIES
26
124
225
251
Investments in unconsolidated joint ventures
57
76
14
141
4
406
181
164
54
Total growth capital investments
1,936
1,416
1,574
971
554
995
905
1,225
1,364
Adjustments:
DGD's growth capital investments attributable to our joint venture partner
Growth capital expenditures of other VIES
(102)
(36)
(2)
(3)
(37)
(72)
(70)
(259)
(7)
(66)
(11)
(26)
(124)
(225)
(251)
Growth capital investments attributable to Valero
$1,834
$1,373
$1,506
$960
$551
$932
$709
$930
$854
INVESTOR PRESENTATION | JUNE 2021
Valero 51View entire presentation