Renewable Diesel Driving Low Carbon Results
Valero's Positioning Relative to the S&P 500 Index
1st Quartile
4th Quartile
3rd Quartile
2nd Quartile
Growth
278%
4.8%
Valero
Valero
Companies
Compelling Dividend Yield
(≥3% Annualized dividend yield)
Dividend Yield
Value
Balance Sheet
V
4.8%
Valero
Company 2
3.9%
6
Company 3
3.7%
Company 4
3.3%
Company 5
3.3%
Google
A NIKE
61
Adobe
Companies
($ billion)
Company 6
3.0%
NVIDIA
mastercard
A/R Facility
$1.0
Cash
$2.0
7.1x
Valero
$8.0 billion
in available
liquidity
Credit Facilities
$4.9
Consensus EBITDA Dividend
CAGR
Yield
EV / 2022E
EBITDA
Valero Liquidity
(As of March 31, 2021)
2020A 2022E
INVESTOR PRESENTATION | JUNE 2021
Microsoft
Competitive EBITDA Growth
(≥10% Consensus CAGR for
2020A - 2022E)
BROADCOM INTUIT
VISA Lilly Walmart
salesforce
f
BH
HS
PayPal
Abbott CAT
charles
SCHWAB
Chevron
High Stockholder Return
(≥10% 5-YR Average ROIC &
Positive TSR since 2014)
COLGATE-PALMOLIVE
153
Companies
Investment Grade
(BBB-/Baa3)
363
Companies
THE
HOME
DEPOT
Johnson Johnson amazon P&G
Honeywell AT&T BlackRock
ExxonMobil
(intel NETFLIX verizon
J.P.Morgan UnitedHealthcare
Disney
COMCAST
BANK OF AMERICA
STANDARD
& POOR'S 500
Large Cap
(Market cap
>$10 billion)
479
Companies
S&P 500
500
Companies
Source Bloomberg as of May 14, 2021.
See slides 23-24 for notes regarding this slide. Totals may not crossfoot due to rounding.
Premier Refining
portfolio that is
resilient even in a
carbon-constrained
scenario
Lowest cost producer
Growth through
innovation in
Renewables
Committed to
Stockholder returns
with a target payout
ratio of 40% to 50%
Comprehensive
roadmap to reduce
emissions through
investments in Board
approved projects
Valero 21View entire presentation