HollyFrontier 2013 Annual Report Download - page 3

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PADD I
PADD I
Proximity to Growing
North American Crude Production
All five HFC refineries sit close
to production growth.
Increased regular
dividend 5 times
since merger.
Declared
11 special dividends
since merger.
Based on 5-year and 3-year averages calculated as stockholders’ net income/(total debt + stockholders’ equity).
* Reflects combined HOC and FTO financial data for periods prior to merger in July 2011.
STRONG INVESTMENT TRACK RECORD
• Future growth focused on underwritten projects
• Woods Cross, El Dorado and Tulsa refineries
purchased at industry lows on a per barrel basis
STRONG FINANCIAL PERFORMANCE
• Industry-leading returns on capital
• Best-in-class net income per barrel crude capacity
• Track record of cash return to shareholders
• Strong Balance Sheet
HEP OWNERSHIP
• Stable cash flows from HEP through quarterly
regular and incentive distributions
• HFC owns 39% of HEP including the 2% GP interest
• HFC received $71 million in cash distributions in 2013*
*Q4 2012 through Q3 2013 quarterly LP and GP distributions,
announced and paid in 2013
INCREASE
REGULAR SPECIAL
Q 1 2011 $ 0.75 –
Q 2 $ 0.75 –
Q 3 $ 0.0875 $ 0.50
Q 4 $ 0.10 $ 0.50
Q 1 2012 $ 0.10 $ 0.50
Q 2 $ 0.15 $ 0.50
Q 3 $ 0.15 $ 0.50
$ 0.50
Q 4 $ 0.20 $ 0.50
Q 1
2013 $ 0.30 $ 0.50
Q 2 $ 0.30 $ 0.50
Q 3 $ 0.30 $ 0.50
Q 4 $ 0.30 $ 0.50
Dividend
Return to
Stockholders
 RETURN
on Capital Employed (5-year)
HFC* MPC DK WNR TSO VLO ALJ
 RETURN
on Capital Employed (3-year)
HFC* MPC WNR DK TSO VLO ALJ
CAPITAL RETURNED
TO SHAREHOLDERS
Since July 2011 merger
CASH DIVIDEND YIELD
LTM Cash Yield – based on
January 2, 2013 opening stock
price of $47.69
CASH AND
SHORTTERM
INVESTMENTS
in Marketable Securities
December 31, 2013
. BIL
. BIL
.