DKL investor deck highlights FY2023 results and $650M debt refinancing

Delek Logistics Partners, LP

FY2023 Adj. EBITDA $385.1M, net income $126.2M, distributable cash flow $248.2M.
Distribution rate $4.22/unit annualized (~10% yield); DCF coverage 1.37x; leverage ~4.34x.
Closed $650M 8.625% Senior Notes due 2029 on March 13, 2024 to extend debt maturity.
Closed follow-on offering of 3.6M common units on March 12, 2024; pro forma leverage improved.
MVC gross margin up 24% YoY; third-party gathering revenues up 33% vs FY2022.

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