Summary Observations Regarding CVR's Campaign
A2 Enhancing Our Position In Midstream
Substantial Projected Growth in Consolidated Midstream Cash Flows
~$80-$105
($ in millions)
~$365-$395
Krotz Springs
Logistics assets associated with Krotz Springs refinery
Wink to Webster Pipeline
Long haul pipeline from Permian to Gulf Coast providing stable cash flow
and connected to our Big Spring Gathering system, providing access to
additional crude inputs
Expected return well above our minimum target IRR threshold of 15%
Other Midstream Growth Initiatives
Red River Pipeline JV - expansion from 150 Kbpd to 235 Kbpd completed
during 3Q 2020
Delek continues to explore other midstream growth opportunities
~$30-$35
$256
3 Months Ending
12/31/2020
Annualized
~$110-$140 million growth
opportunity: ~40%-55%
Krotz Springs
Midstream Assets
Wink to Webster &
Other Midstream
Growth Initiatives
Total Annual
Segment Earnings
Potential
Delek
US
DKL EBITDA Growth ($ in millions)
26% CAGR
$115
$97
$164
$179
$245
2016
2017
2018
2019
2020
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