HollyFrontier 2015 Annual Report Download - page 4

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Phoenix
Tucson
Las Vegas
Denver
Burley
Casper
Billings
Boise
Mountain Home
Salt Lake City
Spokane
Houston
Edmonton Hardisty
Grand Forks
Guernsey
Omaha
Express
Platte
Porta
Jayhawk
Texaco/Butte
Sidney
Wichita
Cushing
Moriarty
Wichita F
Bloomfield
Cedar City
Abilene
Orla
El Paso
Duncan
Albuquerque
PADD IV
PADD V
PADD II
NAVAJO
WOODS CROSS
CHEYENNE
PURE-PLAY
COMPETITIVE REFINER
• Five refineries with
443,000 barrels per stream
day refining capacity
ATTRACTIVE NICHE PRODUCT
MARKETS WITH ADVANTAGED
CRUDE SUPPLY
• Rocky Mountains, Southwest
and Mid-Continent/Plains states
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 $90 million in
cash distributions in 2015*
* Q4 2014 through Q3 2015
quarterly LP and GP distributions,
announced and paid in 2015
Pipelines
HEP pipelines
UNEV HEP
product pipeline
Third-party product
Third-party crude
HollyFrontier pipeline
HollyFrontier Corporation
443,000 capacity
12.1 complexity
HollyFrontier refineries
HEP terminals
Third-party terminals
Other HollyFrontier assets