Investor Presentaiton
Delek US Holdings
میدا
Integrated Downstream
Energy Company
Refining
302,000 BPD throughput
capacity from four PADD 3 refineries with
access to advantaged domestic, inland.
crudes and Gulf Coast product pricing
Logistics - transportation, storage and
wholesale distribution of crude oil,
intermediate and refined products,
primarily through Delek Logistics (DKL), a
master limited partnership
Retail approximately 250 convenience
stores, primarily in West Texas and New
Mexico
Unlocking Value for
Shareholders and Unitholders
Evaluating opportunities across Delek US
business segments to unlock value for
shareholders and unitholders
As of December 31, 2022, Delek US owns
78.8% of DKL, implied equity value of
approximately $1.7 billion or $25 per DK
share(1)
Alternatives to highlight Retail multiple of
9x11x (2)
Financial
Strength and Flexibility
Delek US Holdings (DK) - $841.3 million
of cash; $3,053.7 million long-term debt;
$2.21 billion of net debt, as of December
31, 2022
Delek Logistics (DKL) - $8.0 million cash;
$1,661.6 million long-term debt, as of
December 31, 2022
DK excluding DKL - $833.3 million cash;
$1,392.1 million long-term debt, $558.8
million net debt, excluding DKL
(1)
FactSet as of 3/29/2023.
(2)
Multiples based on sell-side research
3View entire presentation