{
  "docId": "019de517-0921-73c5-a78a-4031cfaf4c19",
  "docSlug": "bac9bed0ff48c2d3ef9899b60a2a85a3",
  "documentTitle": "Par Pacific | Investor Presentation Deck | 26 slides",
  "authorId": "par-pacific",
  "authorName": "Par Pacific",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-10-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 12,
  "pageCount": 26,
  "prevPage": 11,
  "nextPage": 13,
  "slideType": "roadmap",
  "function": "plan_implementation",
  "density": "overcrowded",
  "nDataPoints": 6,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de517-0921-73c5-a78a-4031cfaf4c19/12",
  "deckHref": "/decks/019de517-0921-73c5-a78a-4031cfaf4c19",
  "deckJsonHref": "/decks/019de517-0921-73c5-a78a-4031cfaf4c19.json",
  "deckAnchorHref": "/decks/019de517-0921-73c5-a78a-4031cfaf4c19#slide-12",
  "components": [
    {
      "bbox": {
        "h": 0.03,
        "w": 0.11,
        "x": 0.44,
        "y": 0.93
      },
      "kind": "image",
      "text": "Par Pacific",
      "attrs": {},
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f3b740ff-cb45-41b7-9534-ea130203f269",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.24,
        "w": 0.47,
        "x": 0.03,
        "y": 0.65
      },
      "kind": "list",
      "text": "Washington Hydrogen\nFederal Inflation Reduction Act along with Washington LCFS and Cap & Trade programs provide incentives for decarbonization\nLow-cost hydroelectric power makes Tacoma an advantaged region to deploy electrolyzer technology and produce green hydrogen\nU.S. Oil's unique logistics infrastructure and positioning in the Port of Tacoma makes it a prime candidate within the region",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "062dd8a2-d882-4c13-8299-59f143bcf606",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.23,
        "w": 0.48,
        "x": 0.51,
        "y": 0.26
      },
      "kind": "list",
      "text": "Hawaii SAF\nAnnounced $90 million investment in Hawaii renewable fuels project\nCapital expenditures of < $1.50/gallon for a 61 mmgpy project including feedstock pre-treatment to produce approximately 60% SAF\nFTZ waiver allows project to benefit from some of the lowest-cost renewable feedstocks in the market\nProject expected to come online in 2025",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5530e5ba-748c-4445-816f-47d73abcf0bd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.23,
        "w": 0.47,
        "x": 0.03,
        "y": 0.26
      },
      "kind": "list",
      "text": "Washington Co-feed Project\nOpportunity to invest a small amount of capital and co-feed low carbon feedstocks like soybean or distillers corn oil at our Washington refinery\nQuickly actionable project which allows flexibility to toggle between renewables and hydrocarbons\nLess-than-$2 million capital project\nUnit start-up and trial runs in July 2023",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6f03f948-8872-4dbb-a20c-7ae4a901f62e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.22,
        "x": 0.39,
        "y": 0.2
      },
      "kind": "list",
      "text": "Short Term Opportunities",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "81ae94fb-185f-4ead-a073-990d0e3947e7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.22,
        "x": 0.39,
        "y": 0.59
      },
      "kind": "list",
      "text": "Long Term Opportunities",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c476f00b-66ff-417b-9069-e1f664d5cc5b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.16,
        "w": 0.48,
        "x": 0.51,
        "y": 0.65
      },
      "kind": "list",
      "text": "Washington SAF\nAssessing co-located SAF plant as anchor offtaker of green hydrogen to produce low carbon intensity jet fuel\nExpect to make final investment decision on hydrogen and SAF facilities in early 2024",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f13b8015-ca79-41e9-a2c2-f84f6df25426",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.68,
        "x": 0.16,
        "y": 0.54
      },
      "kind": "paragraph",
      "text": "Together, the Washington Co-Feed and Hawaii SAF Projects are expected to make Par Pacific a net RIN generator",
      "attrs": {},
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a09d51ed-ae7d-4d14-8247-11767f877144",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.02,
        "x": 0.49,
        "y": 0.9
      },
      "kind": "source-note",
      "text": "11",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "770122a6-d41d-478d-a94f-8ed0e4424c8d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.49,
        "x": 0.35,
        "y": 0.05
      },
      "kind": "title",
      "text": "Energy Transition Strategy",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3f4b8cda-4341-4327-9dc1-7ef00ea21794",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.6,
        "x": 0.28,
        "y": 0.09
      },
      "kind": "title",
      "text": "Leverage local resources and policies to meet local needs",
      "attrs": {},
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "74dbcedd-b260-4d78-9421-9b50373fdf43",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 14,
      "from": 10,
      "beatId": "4a27640d-667b-4e58-948f-f862ae26fd90",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Solution",
      "beatSlug": "sequoia-pitch-solution",
      "evidence": "Slides 10-14 highlight the company's stable contribution from retail and logistics segments and its leading retail position.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 14,
      "from": 3,
      "name": "Golden Circle",
      "slug": "11-golden-circle",
      "bestFor": "Visionary leadership, brand positioning, mission statements",
      "matchId": "834766e9-970a-4e81-a0dd-d6c30001c654",
      "evidence": "Slides 3-14 emphasize the company's disciplined focus on increasing adjusted EPS and free cash flow.",
      "position": 0,
      "objective": "Why Par Pacific's focus on adjusted EPS and free cash flow matters",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
      "confidence": 0.7,
      "description": "Invert the typical pitch by starting with why you exist, rather than what you do"
    },
    {
      "to": 13,
      "from": 10,
      "name": "Quick Win Big Bet",
      "slug": "47-quick-win-big-bet",
      "bestFor": "Transformation planning, 100-day plans, resource allocation",
      "matchId": "4884636b-9290-4f22-8b72-dabb62ad91b5",
      "evidence": "Slides 10-13 highlight the company's stable contribution from retail and logistics segments and its growth potential.",
      "position": 1,
      "objective": "What are the company's near-term growth opportunities?",
      "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap",
      "confidence": 0.6,
      "description": "Separate initiatives into immediate wins and longer-term strategic bets"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}