Refiner Perspec+ve Dan Gordon VP Fuel Supply Delek US
Safe Harbor Provision Delek US Holdings is traded on the New York Stock Exchange in the United States under the symbol DK and, as such, is governed by the rules and regulaions of the United States SecuriIes and Exchange Commission. This presentaion may contain forward- looking statements that are based upon current expectaions and involve a number of risks and uncertainies. Statements concerning our current esimates, expectaions and projecions about our future results, performance, prospects and opportuniies and other statements, concerns, or mapers that are not historical facts are forward- looking statements, as that term is defined under United States securiies laws. Investors are cauioned that the following important factors, among others, may affect these forward- looking statements. These factors include but are not limited to: risks and uncertainies with the respect to the quaniies and costs of crude oil, the costs to acquire feedstocks and the price of the refined petroleum products we ulimately sell; management's ability to execute its strategy through acquisiions and transacional risks in acquisiions; our compeiive posiion and the effects of compeiion; the projected growth of the industry in which we operate; changes in the scope, costs, and/or Iming of capital projects; losses from derivaive instruments; general economic and business condiions, paricularly levels of spending relaing to travel and tourism or condiions affecing the southeastern United States; potenial conflicts of interest between our majority stockholder and other stockholders; and other risks contained in our filings with the United States SecuriIes and Exchange Commission. Forward- looking statements should not be read as a guarantee of future performance or results and will not be accurate indicaions of the Imes at, or by which such performance or results will be achieved. Forward- looking informaion is based on informaion available at the Ime and/or management s good faith belief with respect to future events, and is subject to risks and uncertainies that could cause actual performance or results to differ materially from those expressed in the statements. Delek US undertakes no obligaion to update or revise any such forward- looking statements. 2
US Crude Refining Currently ~115 Refiners / Refining Complexes, Compared to 158 a Decade Ago 54 of those Refineries have Coking Capacity Refineries 15 Refineries 4 Coking Capacity Refineries Refineries Refineries 25 Refineries 11 Coking Capacity 25 Refineries 12 Coking Capacity 7 Refineries 1 Coking Capacity Refineries 43 Refineries 26 Coking Capacity
Integrated Downstream Energy Company Breadth of Exposure Across Refining, Wholesale Marke+ng and Retail Distribu+on Refining Segment Operates 140,000 BPD of combined refined producion capacity in Texas and Arkansas Delek ) LogisIcs Segment Owned crude/product terminals and pipeline assets in Texas, Arkansas and Tennessee Retail Segment Approximately 372 convenience stores - - primarily in Tennessee, Alabama and Georgia Strategically Located Refineries Allow For Broad Wholesale and Retail Product Distribu+on Opportuni+es Longview Crude Oil Hub Retail Strategic crude oil supply point that allows our refining system access to domesic inland and Gulf Coast feedstock Delek LogisIcs 372 Stores LocaIons in 7 states El Dorado Refinery 80,000 BPD 9.0 complexity Memphis Terminal Nashville Terminal Abilene Terminal San Angelo Terminal Big Sandy Terminal Tyler Refinery 60,000 BPD 9.4 complexity (1) As of September 30, 2012 4
Crude Slate Transi+on at El Dorado Underway We An+cipate El Dorado s Crude Slate Will Be Weighted Toward WTI- linked Crude In Early 2013 El Dorado Has A Diverse Crude Slate Supplying More WTI- Linked Barrels Focus Is On First Half of 2013 Historically processed local Arkansas, domesic offshore and foreign crude oils Ability to displace expensive foreign and GC crudes with discounted local, inland crudes TargeIng 80,000 bpd of non- Gulf Coast crude deliveries to El Dorado El Dorado Refinery Crude Slate (3Q12) Receiving More WTI- Linked Barrels (BPD) Local Arkansas Crude WTI/WTS - Midland Rail Midland Crude, 14% Rail, 24% Local Crude, 27% Other Crude, 35% ~27k bpd ~21k bpd ~25k bpd ~25k bpd ~28k bpd ~28k bpd Rail 35k bpd 18k bpd June- 11 3Q11 4Q11 1Q12 2Q12 3Q12 1H13 5
Improved Access to Rail Supplied Crude to El Dorado Rail capabili+es improve access to more economical types of crude Access to addiion types of crude Expected increase in Q4 total throughput Flexibility to process wider range Including Bakken, Canada, Eagle Ford, and Cushing Allows increased throughput to above 70,000 bpd at the El Dorado Refinery Allows for the potenial of heavier crude in 2013 Actual Crude Delivered Via Rail (BPD) Rail Unloading Capability (BPD) 2012 Light to Medium Sour Crude Heavy Crude 10,000 9,405 11,905 13,636 18,000 18,000 1,038 2,816 May Jun Jul Aug Sep 0 2011 3Q 2012 1Q 2013 (1) Heavy Crude capability has the opion of up to 10k bpd of heavy crude or up to 32k bpd of light crude 6
Rail Line Access El Dorado on the UP via EDW Canadian Rail Access Direct access to UP provides direct access to a variety of crude markets Easy connecion between US Class 1 rail roads and Canadian Class 1 rail roads Union Pacific System Map El Dorado Refinery 80,000 BPD 9.0 complexity
Op+ons Galore Canada Wide range of crudes, from ultra heavy bitumen to Canadian Bakken and everything in between United States Greater concentraion of lighter barrels, both sweet and sour
Delek US Approach to Crude by Rail El Dorado Crude Flexibility UIlize Wide Variety of Crude Types Merchant refiner orientaion, seeking to opimize crude pricing Assay limitaions, paricularly Canadian, makes managing variety difficult
Op+ons Come With A Price Key Issues Manifest traffic is considerably more difficult to manage than unit trains Managing Iming on delivery becomes more difficult when changing origins Handling heavy cars is more cumbersome and Ime consuming than light cars Outside forces add to uncertainty: weather, derailment, congesion Management of back office operaions becomes more difficult with increased variability and higher volume of disinct transacions