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425
DELEK US HOLDINGS, INC. filed this Form 425 on 12/04/2017
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23 West Texas Wholesale Business Benefiting from Permian Activity West Texas Wholesale and Marketing Gross Margin 13,377 Bbl/d 14,353 Bbl/d 15,493 Bbl/d 16,523 Bbl/d 18,156 Bbl/d 16,707 Bbl/d 16,357 Bbl/d 13.482 Bbl/d • Operates in an area around the Permian Basin; Complementary to Delek US refining/retail in region: • Purchases refined products from third parties for resale at owned and third party terminals in west Texas • Includes ethanol blending activity • Positioned to benefit from positive industry dynamics: • Drilling rig count has increased since May 2016, there are currently 380 rigs operating in the Permian Basin(2) • Improved efficiencies in the Permian Basin have benefitted rig production levels • Forecast for continued production growth • Current takeaway pipeline capacity is adequate • Potential for tight production/takeaway capacity in future (1) (1) (1) (1) ($ in millions) Substantial Increase in Permian Production Expected(3) 13.942 Bbl/d 13,257 Bbl/d (1) (1) $7.2 $7.6 $8.5 $15.5 $14.0 $28.2 $8.0 $6.9 $4.4 $13.5 $0.0 $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 2009 2010 2011 2012 2013 2014 2015 2016 Q3'16 YTD Q3'17 YTD 1) RINs gross margin benefit included in the 2013 west Texas gross margin per barrel was approximately $6.4 million, or $0.99/Bbl, 2014 gross margin included $4.6 million, or $0.75/Bbl, 2015 gross margin included $5.3 million, or $0.89/Bbl, 2016 gross margin included $6.7 million, or $1.39/Bbl, 3Q16 YTD gross margin included $4.6 million, or $1.29/Bbl, and 3Q17 YTD gross margin included $3.9 million, or $1.05/Bbl. 2) Source: Baker Hughes Drilling Rig report through Nov 3, 2017. 3) Simmons & Co. research report, “Global Macro Oil Update: Contemplating a Wide Range of Potential Outcomes”, Drillinginfo, RigData, Company Reports/Filings, EIA, - August 22, 2017. 13,377 Bbl/d 14,353 Bbl/d 15,493 Bbl/d 16,523 Bbl/d 18,156 Bbl/d 16,707 Bbl/d 16,357 Bbl/d 13.039 Bbl/d 13.647 Bbl/d , l/ 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 2 0 0 9 2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6 2 0 17 E 2 0 18 E 2 0 19 E 2 0 20 E In 000 b p d


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