CVR Energy (CVI) Investor Presentation summary

Mission and values

• Aims to be a top-tier North American company in renewable fuels, petroleum refining, and nitrogen-based fertilizers, prioritizing safety, financial performance, and growth.

• Core values emphasize safety, environmental stewardship, integrity, corporate citizenship, and continuous improvement.

Company overview and business segments

• Operates two main segments: petroleum refining and nitrogen fertilizer manufacturing, with a growing renewables business.

• Two Mid-Continent refineries with 206,500 bpd nameplate capacity and direct access to key crude oil fields.

• Owns 37% of CVR Partners, LP, with two fertilizer facilities serving the Southern Plains and Corn Belt.

• Renewables business includes a renewable diesel unit and pretreatment unit at Wynnewood.

Strategic priorities and capital allocation

• Focuses on EH&S performance, cash preservation, and maintaining strong liquidity ($789M at 2Q 2024).

• Growth capital directed to renewables and high-return projects in refining and fertilizer.

• Targets above-average cash returns to investors through dividends and buybacks; $3.50/share in dividends over past four quarters.

• Maintains financial discipline with $100M annual sustaining capex and $75M annual refining turnaround investment.