Summary Observations Regarding CVR's Campaign
B Focusing on Cash Flow Generation to Enhance Returns
"Delek remains focused on continuing its industry-leading unit operating cost structure,
while also optimizing each asset for long-term free cash flow generation."
- Raymond James (1) (3/3/2021)
2019A-2021E
Reduction: $192 / 28%
2019A-2021E
Reduction: $273/ 64%
$682
$560
$490(3)
$428
$240
$155(2)
Capex
Opex
■ 2019A ■2020A 2021E
($ in millions)
2019A-2021E
Reduction: $37 / 13%
$275
$248
$238
G&A
$165 million of expected incremental cash flow from capex and cost reductions in 2021
Note: All figures rounded to nearest whole number
Delek
(1)
US
(2)
Permission to quote was neither sought nor provided
Reflects midpoint of the Company's $150-$160mm guidance range
(3) Assumes reduced operations of Krotz Springs and excludes Q1 2021 weather-related impacts
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