Renewable Diesel Driving Low Carbon Results
VLO Guidance
2Q21(1)
•
Throughput (MBPD)
-
U.S. Gulf Coast
U.S. Mid-Continent
North Atlantic
U.S. West Coast
Refining cash operating expense per barrel of throughput
Ethanol
1,650 to 1,700
430 to 450
340 to 360
250 to 270
$4.20
4.1
Production (millions of gallons per day)
Operating expense per gallon of production
$0.38
Cash opex
$0.33
Non-cash opex
$0.05
Depreciation and amortization expense ($MM)
$590
•
Net interest expense ($MM)
$150
Full Year 2021 (1)
•
Renewable Diesel
Sales volume (thousands of gallons per day)
Operating expense per gallon of production
•
Cash opex
Non-cash opex
Payout ratio (2) of adjusted net cash provided by operating activities
•
General and administrative expense ($MM)
.
Annual capital investments attributable to Valero ($MM)
Sustaining
Growth
Valero received a cash federal income tax refund of $962 million in May 2021
1,000
$0.50
$0.35
$0.15
40 to 50%
$850
$2,000
60%
40%
(1) Unless otherwise stated, guidance as provided on the 1Q21 earnings call and is included here for informational purposes only.
(2) Payout ratio is the sum of dividends and stock buybacks divided by adjusted net cash provided by operating activities. Adjusted net cash provided by operating activities
excludes changes in working capital and 50% of DGD's operating cash flow (excluding the change in its working capital) attributable to our joint venture partner.
INVESTOR PRESENTATION | JUNE 2021
Valero 25View entire presentation