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8-K
DELEK US HOLDINGS, INC. filed this Form 8-K on 12/04/2017
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Initiatives Underway to Create Sustainable Value Current Valuation Below Peer EV to EBITDA 31 (1) Based on NASDAQ IR Insights/Factset as of November 30, 2017.  Balance sheet with $832 million of cash supports company initiatives  Permian focused refining system  Margins benefiting from wider discount between Midland WTI and Brent crude oil  Initiatives underway to unlock value  $95 million of annualized synergy capture expected to be achieved in 2018  $35 to $40 million of annual EBITDA expected from alky project at Krotz Springs to be completed in 1Q19  $78 million of potential logistics EBITDA in dropdown inventory can create cash flow to Delek US  ALDW Transaction would simplify corporate structure and allow reallocation of ALDW distribution to business investments  $8.0 million of potential EBITDA from increased capacity on the Paline Pipeline  $40.0-$45.0 million potential cost savings by divesting all California assets; cash flow to Delek from asset sales  Current valuation for Delek US below peer group may create attractive opportunity


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