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425
DELEK US HOLDINGS, INC. filed this Form 425 on 12/04/2017
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Transaction completed on July 1; Initiatives underway across the asset base Acquisition of Alon Provides Opportunities to Unlock Value 11 Simplify Corporate Structure: • ALDW Transaction –Announced agreement to purchase remaining 18.4% of ALDW LP units that Delek US does not own, subject to customary closing conditions. Synergy Capture: • Target - $85 million to $105 million annual synergies by 2018 • Captured - $53 million on annualized basis through September 2017 Improve Operations: • Krotz Springs Refinery – Reduce cost and add flexibility • California Assets – Derive Value from asset base; reduce cost Unlock Logistics Value: • Potential Growth for DKL - $78 million of EBITDA for potential future dropdowns (1) • Dropdowns provides cash flow back to Delek US 1) Please see page 37 for a reconciliation of EBITDA.


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