Delek US Holdings Inc 2024年度报告

FUELINGTHE FUTURE 2 0 2 4 A n n u a l R e p o r t TABLE OFCONTENTS About UsAboutUs Delek at aGlanceDelek at aGlance ShareholderLetterShareholderLetter Corporate &ShareholderInformationCorporate&ShareholderInfoff rmation 1111 FinancialReconciliationTablesFinancialReconciliationTables VISIONVISION Bridge today’s energy needs tothe cleaner and innovativesolutions of the future.Bridge today’s energy needs tothe cleaner and innovativesolutions of the future. MISSIONMISSION Deliver lasting value to ouremployees, investors,customers, and communitiesthrough safe and reliableenergy.Deliver lasting value to ouremployees, investors,customers, and communitiesthrough safeff and reliableenergy. PURPOSEPURPOSE Positively impact people’s livesby delivering safe and reliableenergy, for today andtomorrow.Positively impact people’s livesby delivering safeff and reliableenergy, foff r today andtomorrow. About Us Delek US is a diversified downstream and midstream energycompany with assets in petroleum refining, logistics, andasphalt. Delek US is also focused on ways to use carboncapture technologies to decarbonize its refining andmidstream businesses. We are committed to providing safe,reliable energy while prioritizing cleaner and more innovativesolutions. DELEKAT A GLANCE RefiningRefining LogisticsLogistics 4Business lines 4Inland Refineries Tyler, TXBig Spring, TXEl Dorado, ARKrotz Springs, LA Gathering & ProcessingWholesale Marketing& TerminallingStorage & TransportationPipeline Joint Ventures ~70% of crude sourced fromPermian Basin of crude oil and refinedproducts pipelines barrels per day of crudeoil capacity~302,000 11.2 million barrels storage capacity 9terminals 161company-operated trucks * Includes approximately 240 miles of leasedpipeline capacity and 489 miles of gatheringsystem pipeline which is decommissioned SHAREHOLDER LETTERSHAREHOLDERLETTER Fellow shareholders,Fellowshareholders, Despite a challenging refining environment, 2024 was a transformationalyear. We have made meaningful progress on our key goals of running ourassets in a safe and reliable manner, progressing our “Sum of the Parts”(SOTP) efforts and increasing our cash flow through the “EnterpriseOptimization Plan” (EOP).We focused on what we could control with theoverarching goal of driving long-term shareholder value. In our Refiningsegment, we generated record throughput for the year. In conjunction, ourLogistics segment delivered record EBITDA results.Despiteachallengingrefiningenvironment,2024wasatransfoff rmationalyear.Wehavemademeaningfulprogressonourkey goals of running ourassets in a safeff and reliable manner, progressing our “Sum of the Parts”(SOTP) effff off rts and increasing our cash flow through the “EnterpriseOptimization Plan” (EOP).We foff cused on what we could control with theoverarching goal of driving long-term shareholder value. In our Refiningsegment,wegeneratedrecordthroughputfoff rtheyear.Inconjunction,ourLogisticssegmentdeliveredrecordEBITDAresults. Total Refining Throughputs Adjusted EBITDAAAddjjuusstteeddEEBBIITTDDAA SHAREHOLDER LETTERSHAREHOLDERLETTER SHAREHOLDER LETTERSHAREHOLDERLETTER Reflecting on my two full years as CEO, we followedthrough on our stated objectives and have much ofwhich to be proud. Key accomplishments from our corefocus areas include:Reflecting on my two full years as CEO, we followedthrough on our stated objectives and have much ofwhich to be proud. Key accomplishments from our corefocus areas include: Financial Strength and Shareholder Returns:Financial Strength and Shareholder Returns: We returned $106 million of capital to shareholdersin 2024This includes repurchasing $42 million in shares. Wealso fulfilled our commitment to a sustainablequarterly dividend by raising the dividend in 2024Further, we maintained our strongfinancial positionby maintaining a strong balance sheet and almostflat net-debt (stand-alone DK) for the yearWe returned $106 million of capital to shareholdersin 2024This includes repurchasing $42 million in shares. Wealso fulfilled our commitment to a sustainablequarterly dividend by raising the dividend in 2024Further, we maintained our strongfinancial positionby maintaining a strong balance sheet and almostflat net-debt (stand-alone DK) for the year Consolidated Net Debt* Share Count and Distributions DOLLARS IN MILLIONS SHAREHOLDER LETTERSHAREHOLDERLETTER Operational Excellence:OperationalExcellence: We focused on people, processes, and equipment to support safe and reliableoperations, the foundation of our business. Wefilled critical positions withexperienced industry leaders, enhanced training, and restructured our sites toincrease autonomy. The results of these efforts were most visible in BigSpring where we ran 10% higher throughput over 2023.Wefoff cusedonpeople,processes,andequipmenttosupportsafeff andreliableoperations,thefoff undationofourbusiness.Wefilledcriticalpositionswithexperiencedindustryleaders,enhancedtraining,and