Investor Presentaiton
Favorable Refining Economics Continue Into 4Q12(a)
Elevated Refined Product Margins and Discounted WTI-Linked Feedstock Favor Delek US
$40.00
Brent-WTI Spread Per Barrel (1)
1Q10
2Q10
WTI 5-3-2 Gulf Coast Crack Spread Per Barrel (2)
3Q10
4Q10
1Q11
2Q11
3Q11
4Q11
2Q12
LLS 5-3-2 Gulf Coast Crack Spread Per Barrel (2)
1Q12
3Q12
4Q12
$30.00
$20.00
$10.00
$0.00
($10.00)
($20.00)
($30.00)
Jan-10
Feb-10
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וי
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
(1) Source: Platts; November 2012 data is as of November 27, 2012
(2) Crack Spreads: (+/-) Contango/Backwardation
Apr-11
May-11
Jun-11
Jul-11
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Aug-11
Sep-11
Oct-11
Nov-11
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Dec-11
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
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