 Investor Presentation May, 2012 Exhibit 99.1 |
 2 Safe Harbor The following information contains forward-looking statements based on management’s current expectations and beliefs, as well as a number of assumptions concerning future events. These statements are subject to risks, uncertainties, assumptions and other important factors. You are cautioned not to put undue reliance on such forward-looking statements (including forecasts and projections regarding our future performance) because actual results may vary materially from those expressed or implied as a result of various factors, including those noted in the Company’s filings with the Securities and Exchange Commission. CVR Partners, LP assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
 3 Key Strategic Drivers • Experienced management team • Fully utilized capacity • High run time rates • Strategically located assets • Solid market fundamentals supports future growth • Growth oriented partnership formed by CVR Energy, Inc. in June 2007, with IPO in April 2011 • Manufacturing facility produces ammonia and Urea Ammonium Nitrate (UAN) • Facility located in Coffeyville, Kansas and produces 5% of total UAN demand in United States |
 4 Experienced Management |
 5 Fully Utilized Capacity & High Run Rates (1) Adjusted for third-party outage. |
 Strategically Located Assets • Located in corn belt • 56% of corn planted in 2011 was within $40/UAN ton freight rate of plant • $25/ton transportation advantage to corn belt vs. U.S. Gulf Coast • No intermediate transfer, storage, barge freight or pipeline freight charges 6 |
 7 Solid Market Fundamentals Key Demand Drivers |
 8 Solid Market Fundamentals Consistent Fertilizer Demand Growth • Nitrogen represents ~63% of fertilizer consumption (1) • Nitrogen based fertilizers have most stable demand because must be applied annually – Primary determinant of crop yield (1) Per the International Fertilizer Industry Association. |
 9 Solid Market Fundamentals Farmer Profitability Supports Fertilizer Price • Corn consumes the largest amount of nitrogen fertilizer • Farmers are expected to generate substantial proceeds at currently forecasted corn prices • Farmer incentivized to use nitrogen at corn price much lower than current spot • Nitrogen fertilizer represents small portion of farmer’s total input costs |
 10 Market Fundamentals Supply/Demand Supports Increased Planting |
 11 Solid Market Fundamentals UAN Demand & U.S. Imports UAN Demand/Supply Country 2006 2007 2008 2009 2010 Trinidad & Tobago 0 0 0 0 705 Russia 731 679 865 597 679 Canada 513 621 442 387 396 Romania 232 428 168 26 230 Egypt 0 160 158 0 111 Lithuania 160 466 391 63 72 Ukraine 81 312 157 0 67 Poland 29 129 112 0 0 Estonia 0 0 12 28 106 Netherlands 16 16 26 0 40 Bulgaria 28 53 53 0 30 Germany 105 50 12 63 27 Belarus 86 87 0 0 0 Rest of world 23 35 2 3 1 Total 2,005 3,036 2,395 1,166 2,466 U.S. Imports of UAN |
   12 Growth Strategies Current 12-24 Months 3-5 Years • Operational efficiency • Plant expansion • Specialty products • Distribution • Mergers and acquisitions • Plant development |
 13 UAN Expansion • Overview – Increase exposure to strong UAN market dynamics – Expand UAN capacity by 330K tons per year (~50%) to ~1MM tons/year – Upgrade 100% of ammonia to UAN – On-line in early 2013 • Total cost of $125MM-$130MM – $63MM spent through 03/31/12 • Annualized incremental impact – EBITDA: at least $20MM – Distributable cash flow: > $0.25 per unit |
 14 Financial Statistics |
 15 Solid Start for 2012 2012 Q1 2011 Q1 Change Sales $78.3 $57.4 36.4% EBITDA (1) $36.8 $21.3 72.8% Operating Income $31.4 $16.8 86.9% Distributable Cash Flow (2) $38.2 n/a n/a DCF/Unit (2) $0.523 n/a n/a $US millions, except per unit data (1) See page 20 for a reconciliation of net income to EBITDA. (2) IPO was in April 2012. |
 16 A Bright Outlook • Strong industry fundamentals • High-quality & strategically-located assets • Premium product focus • Attractive growth opportunities • Pay out 100% of available cash each quarter • No IDR’s • Experienced management team |
 Appendix |
 18 Fertilizer Plant Schematic |
 19 Non-GAAP Financial Measures To supplement the actual results in accordance with U.S. generally accepted accounting principles (GAAP), for the applicable periods, the Company also uses certain non-GAAP financial measures as discussed below, which are adjusted for GAAP-based results. The use of non-GAAP adjustments are not in accordance with or an alternative for GAAP. The adjustments are provided to enhance the overall understanding of the Company’s financial performance for the applicable periods and are also indicators that management utilizes for planning and forecasting future periods. The non-GAAP measures utilized by the Company are not necessarily comparable to similarly titled measures of other companies. The Company believes that the presentation of non-GAAP financial measures provides useful information to investors regarding the Company’s financial condition and results of operations because these measures, when used in conjunction with related GAAP financial measures (i) together provide a more comprehensive view of the Company’s core operations and ability to generate cash flow, (ii) provide investors with the financial analytical framework upon which management bases financial and operational planning decisions, and (iii) presents measurements that investors and rating agencies have indicated to management are useful to them in assessing the Company and its results of operations. |
 20 Non-GAAP Financial Measures EBITDA: EBITDA represents net income before the effect of interest expense, interest income, income tax expense (benefit) and depreciation and amortization. EBITDA is not a calculation based upon GAAP; however, the amounts included in EBITDA are derived from amounts included in the consolidated statement of operations of the Company. See below for reconciliation of net income to EBITDA and EBITDA less maintenance capital See below for reconciliation of net income to EBITDA |