CVR Energy : Investor Relations Presentation
CVI
Published on 06/24/2025 at 16:43
June 2025
Mission and Values
accomplish our mission and related strategic objectives.
The protection of our employees, contractors and communities is paramount. We have an unwavering commitment to
safety above all else. If it's not safe, then we don't do it.
Complying with all regulations and minimizing any environmental impact from our operations is essential. We understand
our obligation to the environment and that it's our duty to protect it.
We comply with the law and practice sound corporate governance. We only conduct business one way - the right way with integrity.
We are good neighbors and know that it's a privilege we can't take for granted. We seek to make a positive economic and social impact through our financial donations and contributions of time, knowledge and talent of our employees to the places where we live and work.
We believe in both individual and team success. We foster accountability under a performance-driven culture that supports creative thinking, teamwork, diversity and personal development so that employees can realize their maximum potential. We use defined work practices for consistency, efficiency and to create value across the organization.
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Company Overview
Nitrogen Fertilizer
Two strategically located Mid-Continent refineries close to Cushing, Oklahoma.
Total nameplate crude oil capacity of 206,500 bpd; average complexity rating of 10.8.
Direct access to crude oil and condensate fields in the Anadarko and Arkoma Basins.
Complementary logistics assets and access to key pipelines provide a variety of price advantaged crude oil supply options - 100% exposure to Brent - WTI crude differential.
Historically high product yield vs peers: 97% liquid volume yield and 91% yield of gasoline and distillate.(1)
Petroleum Refining
Renewable Diesel
CVR Energy owns the general partner and 37% of the common units of CVR Partners, LP (NYSE: UAN).
Two strategically located facilities serving the Southern Plains and Corn Belt.
Primarily engaged in the production of the nitrogen fertilizers ammonia and urea ammonium nitrate (UAN).
Diverse feedstock exposure through petroleum coke and natural gas.
Wynnewood hydrocracker converted to renewable diesel service in April of 2022 with rated capacity of 80 million gallons per year.
Feed pre-treater began operations in March of 2024 and enables processing of crude degummed soybean oil and inedible corn oil, providing lower cost feedstocks and improved yields of renewable diesel compared to purchasing pre-treated feeds.
Renewable Diesel Unit ("RDU")
intended to capitalize on Wynnewood's strategic location in the farm belt with access to a wide variety of feedstock supply.
(1) Based on total throughputs; for the twelve months ended March 31, 2025. 3
Strategic Priorities
Focus on EHsS Performance
Focusing on improvements in Environmental, Health and Safety Matters - Safety is Job #1
Consolidated Total Recordable Incident Rate ("TRIR") declined approximately 20% in 2024 compared to 2023, including declines of approximately 18% in the Petroleum Segment and approximately 29% in the Nitrogen Fertilizer Segment. Safe, reliable operations in an environmentally responsible manner are the best ways to improve EHCS performance.
Preserve Cash Flow
Refocusing capital spending on projects that are in flight and those critical to safe, reliable operations while also working on internal cost cutting initiatives
Focusing capital spending on planned turnaround activities and projects supportive of safe, reliable operations as we seek to preserve liquidity. Also working on internal cost cutting initiatives, including limited hiring and eliminating waste wherever possible.
Maintain Balance Sheet s Liquidity
Positioning to strengthen the balance sheet to navigate current market conditions
Preserving our balance sheet with total liquidity position of approximately $894 million, excluding CVR Partners, at the end of 1Q 2025. Total liquidity comprised of $573 million of cash and availability under the CVR Energy ABL of $321 million.
Focus on Crude Oil Quality s Differentials
Leveraging our strategic location and proprietary gathering system to deliver high value neat crude oils to our refineries
Ensuring our refinery configurations maximize the netbacks for the crudes available in our operating regions. Focused on leveraging our gathering systems, trucking operations and pipelines to create the greatest value over time.
Improve Margin Capture
Exploring opportunities to improve margin capture across all businesses through feedstock and yield optimizations
In the Petroleum Segment, we will aggressively pursue Small Refinery Exemptions at Wynnewood while focusing on maximizing production of distillate (diesel and jet fuel) and premium gasoline at both refineries. In the Renewables Segment, we are exploring ways to increase production volumes and improve yields while processing more low-carbon intensity ("CI") feedstocks. In the Fertilizer Segment, we are investing to improve reliability at both facilities and optimizing feedstocks at Coffeyville.
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Disclaimer
CVR Energy Inc. published this content on June 24, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 24, 2025 at 20:42 UTC.