Investor Presentaiton
GUIDANCE ON THE NEW BUSINESS MODEL
Operating
Expenses
G&A
Expenses
Cents Per
Gallon
Maintenance
Capital
Growth
Capital
~$325 million
~$140 million
8.0 to 9.5 range
~$40 million
~$90 million
The 7-Eleven
transaction
eliminates a
majority of field
level employee
support,
insurance costs,
and store
operations
• We expect to
reduce operating
expenses by
approximately
70%
• With the
elimination of
the back office
support required
to run company
operations, we
expect to reduce
G&A by ~50%
Wholesale
margins have
historically been
consistent but
above our 6 to 8
guidance range
Taking into
account the new
business model
with a significant
fixed-fee
contract, we are
raising the range
to 8.0 to 9.5
CPG
.
The retention of
the West Texas
sites under a
commission
agent model
results in a $5
million increase
from previous
guidance of $35
million
• The exit of the
retail business
eliminates new-
to-industry
builds
• Growth capital
will be focused
on profitably
growing
wholesale
volumes
SUNOCOLP
6View entire presentation