Sign Up Now!
Back to Results
Note: Only one slide is currently available because you are not currently logged in.
Valero Energy Corp
Barclays Energy & Power Conference
| Bill Klesse | Page 17 of 11 |
February 25, 2017
View in Results
View Full Document
Search by Text
Search by Slide
Cross reference your docFinder results against PLS' extensive news archives.
For demo or training contact Ernesto Sandoval,
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See
Cash Additional Liquidity $ - $2,000 $4,000 $6,000 $8,000 $10,000 Year - end 2009 Year - end 2010 3/31/11 6/30/11 0% 10% 20% 30% 2008 2009 2010 1Q11 2Q11 Financial Strength Provides Opportunity for Growth Returning cash to shareholders In August, bought 11 million shares for $220 million, or 2% of outstanding shares Reviewing dividend increase at October board meeting Investment grade credit rating Paid off $718 million of debt in 1H11 Ended 2Q11 with $4.1 billion of cash and $4.1 billion of additional liquidity Used $1.8 billion of cash for August 1 closing of Pembroke acquisition Still over $3 billion of cash as of 8/31/11 Net debt- to -cap ratio at 6/30/11 was 18% Down from 25% at 12/31/10 and far below credit facility covenant of 60% No other coverage-type ratios or borrowings on bank revolver Significant liquidity enables Valero to take advantage of opportunities Net Debt- to -Capitalization Ratio (period- end) Total Liquidity (Credit Facility, Letters of Credit, etc.) 17 $7.16/sh in cash millions