HollyFrontier 2014 Annual Report Download - page 5

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PADD I
A NICHE
PURE-PLAY
REFINER
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 $81 million in cash
distributions in 2014*
* Q4 2013 through Q3 2014 quarterly LP and
GP distributions, announced and paid in 2014
RETURN ON
CAPITAL EMPLOYED
Five-year average (excluding 2014
inventory valuation adjustment)
15%
RETURN IN
CAPITAL TO
SHAREHOLDERS
since July 2011 merger
$2.8 BIL
$8.7%
CASH DIVIDEND
YIELD (LTM)
based on December 31, 2014
closing stock price of $37.48
CASH AND
SHORT-TERM
INVESTMENTS
in marketable securities
December 31, 2014