Renewable Diesel Driving Low Carbon Results
Non-GAAP Disclosures:
Renewable Diesel Adjusted EBITDA per Gallon
RECONCILIATION OF DGD OPERATING INCOME TO DGD ADJUSTED EBITDA PER GALLON
(unaudited, in millions except for per gallon amounts)
Quarter Ended
2015
2016
Year Ended December 31,
2017
March 31,
2018
2019
2020
2021
Operating income
$157
$147
$57
$319
$728
$630
$205
Plus: depreciation and amortization expense
EBITDA
20
28
29
29
51
45
11
$177
$175
$86
$348
$779
$675
$216
Adjustments:
EBITDA BTC adjustments (2018-2019)
156
(156)
EBITDA BTC adjustments (2017-2018)
160
(160)
DGD adjusted EBITDA
$177
$175
$246
$344
$623
$675
$216
DGD renewable diesel sales volumes (million gallons)
157
161
DGD adjusted EBITDA per gallon
$1.13
$1.09
161
$1.53
157
277
288
78
$2.19
$2.25
$2.34
$2.77
INVESTOR PRESENTATION | JUNE 2021
Valero 49View entire presentation