CVR Energy, Inc. (NYSE:CVI) Q4 2019 Results Conference Call February 20, 2020 1:00 PM ET Company Participants Jay Finks - Vice President of Finance & Treasurer Dave Lamp - Chief Executive Officer and President Tracy Jackson - Executive Vice President and Chief Financial Officer Conference Call Participants Neil Mehta - Goldman Sachs Manav Gupta - Credit Suisse Paul Chang - Scotiabank Matthew Blair - Tudor, Pickering, Holt & Company Operator Greetings, and welcome to the CVR Energy, Inc. fourth quarter 2019 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________ Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33492 ______________________________________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33492 CVR ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware 61-1512186 (State ...

CVR Energy, Inc. (NYSE:CVI) Q3 2019 Earnings Conference Call October 24, 2019 1:00 PM ET Company Participants Jay Finks - VP, Finance & Treasurer David Lamp - President, CEO & Director Tracy Jackson - EVP & CFO Conference Call Participants Neil Mehta - Goldman Sachs Group Paul Cheng - Scotia Howard Weil Prashant Rao - Citigroup Matthew Blair - Tudor, Pickering, Holt & Co. Operator Greetings, and welcome to the CVR Energy, Inc. Third Quarter 2019 Conference Call. [Operator Instructions]. As a reminder, this ...

September 2019 IR Presentation Forward-Looking Statements This presentation contains forward-looking statements ("FLS") which are protected as FLS under the PSLRA, and which are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. The assumptions and estimates underlying FLS are inherently uncertain and are subject to a wide variety of significant business, economic, and competitive risks and uncertainties that could cause actual results to dif ...

CVR Energy, Inc. (NYSE:CVI) Q2 2019 Earnings Conference Call July 25, 2019 1:00 PM ET Company Participants Jay Finks - Vice President of Finance and Treasurer Dave Lamp - CEO Tracy Jackson - CFO Conference Call Participants Prashant Rao - Citigroup Neil Mehta - Goldman Sachs Paul Chang - Scotia Howard Weil Matthew Blair - Tudor Pickering Holt Operator Greetings and welcome to CVR Energy Second Quarter 2019 Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer sessi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33492 CVR ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware 61-1512186 (State or ot ...

CVR Energy, Inc. (NYSE:CVI) Q1 2019 Earnings Conference Call April 25, 2019 1:00 PM ET Company Participants Jay Finks - VP of Finance and Treasurer Dave Lamp - CEO Tracy Jackson - CFO Conference Call Participants Prashant Rao - Citigroup Neil Mehta - Goldman Sachs Matthew Blair - Tudor, Pickering, Holt & Company Jay Tobin - Macquarie Operator Greetings and welcome to the CVR Energy Inc's First Quarter 2019 Conference Call. At this time all participants are in a listen-only mode. A brief question-and-answer ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33492 CVR ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisd ...

Financial Data and Key Metrics Changes - Consolidated net income attributable to CVR Energy for the full year of 2018 was $289 million or $3.12 per diluted share, compared to $235 million or $2.70 per diluted share in the prior year [11] - Fourth quarter 2018 consolidated net income attributable to CVR Energy was $82 million or $0.82 per diluted share, compared to $200 million or $2.31 per diluted share in the fourth quarter of last year [11] - Adjusted EBITDA for the full year of 2018 was $825 million compared to $406 million in the previous year [11] Business Segment Data and Key Metrics Changes Petroleum Segment - Adjusted EBITDA for the Petroleum segment in Q4 2018 was $172 million, compared to $60 million in the same period of 2017 [17] - The combined total throughput for Q4 2018 was approximately 221,000 barrels per day, compared to 205,000 barrels per day in Q4 2017 [13] - Realized refining margin excluding inventory valuation impacts was $17.47 per total throughput barrel in Q4 2018, compared to $7.46 in the same quarter of 2017 [17] Fertilizer Segment - For the full year of 2018, CVR Partners reported operating income of $6 million and adjusted EBITDA of $90 million, compared to operating losses of $10 million and adjusted EBITDA of $67 million for the full year of 2017 [22] - For Q4 2018, CVR Partners reported net sales of $98 million and adjusted EBITDA of $33 million, compared to net sales of $78 million and adjusted EBITDA of $8 million for the prior year period [23][24] Market Data and Key Metrics Changes - The Group 3 crack spread averaged $18.48 per barrel in Q4 2018, compared to $19.96 in Q4 2017 [18] - The WCS differential to WTI widened by approximately $8.00 per barrel compared to Q4 2017, peaking at $50.75 under WTI in October [19] Company Strategy and Development Direction - The company aims to be a top-tier North American petroleum refining and fertilizer company, focusing on safe and reliable operations, superior financial performance, and profitable growth [28] - Strategic objectives include improving environmental health and safety, expanding crude gathering and logistics, and increasing biodiesel blending [30][31] Management's Comments on Operating Environment and Future Outlook - Management sees favorable market themes for 2019, including GDP growth, strong gasoline demand, and favorable spreads due to shale oil production [29] - The company is well-positioned for 2019 and beyond, with a focus on operational efficiency and strategic project development [30] Other Important Information - The total consolidated capital spend for the full year 2018 was $102 million, with an estimated total consolidated capital spending for 2019 to be approximately $210 million to $240 million [25][26] - The company ended the quarter with cash of approximately $668 million on a consolidated basis [26] Q&A Session Summary Question: M&A Environment - Management noted that the bid-ask spread has narrowed somewhat, and CVR Energy is looking for consolidation opportunities while streamlining operations [38] Question: Crude Sourcing and Project Optionality - Management indicated that the additional barrels gathered are primarily SCOOP and STACK barrels, which provide a margin benefit over Cushing common crude [41] Question: Ownership in UAN - Management expressed that they do not foresee increasing their ownership in UAN but recognize it as undervalued [45] Question: EBITDA from Midstream Activities - Management estimated that approximately $60 million to $75 million of EBITDA comes from traditional logistical MLPable assets [46] Question: Unrealized Hedge Gains - Management confirmed that the unrealized hedge gains of $37 million are included in the refining margins and EBITDA [47]