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8-K
DELEK US HOLDINGS, INC. filed this Form 8-K on 12/04/2017
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Investment Highlights (1) Based on price per common share as of close of trading on November 30, 2017. (2) Currently 5.4% of the ownership interest in the general partner is owned by three members of senior management of Delek US (who are also directors of the general partner). The remaining ownership interest is held by a subsidiary of Delek US. (3) Please see page 35 for reconciliation of GAAP to non GAAP amounts 9 •Current Price: $33.22/share (1) •Market Capitalization: $2.7 billion (1) •NYSE: DKL: (Market cap $727 mm) Own 63.5%, including 2% GP(2) •NYSE: ALDW (Market cap $1.0 billion) Own 81.6% of LP units and 100% of GP. DK has a definitive agreement to acquire remaining LP units, subject to customary closing conditions Overview (NYSE: DK) •Net income of $1.29 per share • Adjusted net income of $0.81 per share • Adjusted EBITDA of $195.9 million Strong Third Quarter 2017 Performance (3) •Closed on July 1, 2017 •Purchased the remaining 53% ownership that DK did not already own in an all stock transaction; exchange ratio 0.5040 share of DK for each share for ALJ •Reached definitive agreement to purchase remaining ALDW units on November 8, 2017 Alon Acquisition Opportunities to Unlock Value •September 30, 2017 balance sheet: •Delek US: $831.7 million of cash; $1,427.8 million of debt •Includes $5.3 million cash and $401.3 million debt of DKL Flexible Financial Position to Support Growth


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