Renewable Diesel Driving Low Carbon Results slide image

Renewable Diesel Driving Low Carbon Results

Our Competitive Advantage with Diamond Green Diesel (DGD) DGD is Designed to Process Low Carbon Feedstocks for Higher Product Value DIAMOND GREEN DIESEL $1.86 $1.68 20 27 $1.55 Applying our liquid fuels manufacturing expertise to optimize our renewable ■Carbon Intensity (g CO₂e / MJ) LCFS credit value ($ per gallon) $0.87 100 81 diesel business 58 32 Used Cooking Oil Distillers Corn Oil Animal Fats Soybean Oil Grid Electricity Diesel Valero (DGD) Renewable Diesel Peer Higher EBITDA Margin (adjusted EBITDA per gallon) $2.19 $2.25 $2.18 $2.34 $1.58 $1.62 $1.53 $1.13 $1.09 $0.93 $0.95 $0.47 $2.77 $2.24 2015 2016 2017 2018 2019 2020 1Q21 INVESTOR PRESENTATION | JUNE 2021 Source: Company reports and California Air Resources Board. See slides 23-24 for notes regarding this slide. See slides 43-53 for non-GAAP disclosures. Valero
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