Diversified Subsidiary Companies Presentation slide image

Diversified Subsidiary Companies Presentation

Segment: Energy Segment Description • • CVR Energy, Inc. (NYSE: CVI) is a diversified holding company primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing businesses through its interests in CVR Refining, LP and CVR Partners, LP (NYSE: UAN) CVR Refining is an independent petroleum refiner and marketer of high-value transportation fuels in the mid- continent of the United States CVR Partners is a manufacturer of ammonia and urea ammonium nitrate solution fertilizer products Historical Segment Financial Summary Energy Segment ($Millions) Selected Income Statement Data: Net sales FYE December 31, 2021 2022 2023 Highlights and Recent Developments Petroleum • Two strategically located Mid-Continent refineries close to Cushing, Oklahoma with total nameplate capacity 206,500 bpd Direct access to crude oil and condensate fields in the Anadarko and Arkoma Basins Complimentary logistics assets and access to multiple key pipelines provide a variety of price advantaged crude oil supply options Declared a fourth quarter 2023 cash dividend of $0.50 per share, bringing regular and special cumulative dividends declared for 2023 to $4.50 per share Fertilizer • Two strategically located facilities serving the Southern Plains and Corn Belt Primarily engaged in the production of the nitrogen fertilizers ammonia and urea ammonium nitrate (UAN) • Diverse feedstock exposure through petroleum coke and natural gas Declared a fourth quarter 2023 cash distribution of $1.68 per common unit, bringing the cumulative cash distributions declared for 2023 to $17.80 per common unit $7,242 $10,896 $9,247 Adjusted EBITDA (1) 462 1,253 1,435 Net income (loss) 29 596 831 Adjusted EBITDA attributable to IEP (1) 231 707 869 Net income (loss) attributable to IEP (5) 304 508 Segment Balance Sheet Data (2): Total assets Equity attributable to IEP $4,587 $4,735 $5,259 $686 $648 $795 (1) (2) Refer to the Adjusted EBITDA reconciliations in the Appendix. Balance Sheet data as of the end of each respective period. 11
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