Holly Energy Partners, L.P. / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2022	€471.68M +10.7%	€186.77M +0.9%	39.6% -0.039 pp	€318.78M -3.7%	67.6% -0.10 pp
2021	€426.03M -0.7%	€185.19M +26.1%	43.5% +0.092 pp	€330.91M +2.4%	77.7% +0.024 pp
2020	€428.92M -6.6%	€146.88M -24.2%	34.2% -0.080 pp	€323.00M +14.6%	75.3% +0.14 pp
2019	€459.01M +5.2%	€193.75M +25.7%	42.2% +0.069 pp	€281.88M -4.5%	61.4% -0.063 pp
2018	€436.13M +11.4%	€154.09M -8.3%	35.3% -0.076 pp	€295.09M +20.9%	67.7% +0.053 pp
2017	€391.46M +13.0%	€168.04M +32.2%	42.9% +0.062 pp	€244.07M -18.3%	62.4% -0.24 pp
2016	€346.38M +12.0%	€127.15M +7.6%	36.7% -0.015 pp	€298.59M +15.5%	86.2% +0.026 pp
2015	€309.19M +7.9%	€118.21M +30.0%	38.2% +0.065 pp	€258.47M +12.5%	83.6% +0.034 pp
2014	€286.50M +9.0%	€90.91M +32.8%	31.7% +0.057 pp	€229.69M +13.4%	80.2% +0.031 pp
2013	€262.93M +4.3%	€68.45M -11.7%	26.0% -0.047 pp	€202.62M +15.1%	77.1% +0.072 pp
2012	€252.05M +37.0%	€77.50M +15.3%	30.7% -0.058 pp	€175.99M +54.2%	69.8% +0.078 pp
2011	€183.98M +17.3%	€67.20M +32.5%	36.5% +0.042 pp	€114.12M -19.1%	62.0% -0.28 pp
2010	€156.89M +24.2%	€50.72M -10.8%	32.3% -0.13 pp	€141.12M -26.2%	90.0% -0.61 pp
2009	€126.27M +24.1%	€56.87M +160.2%	45.0% +0.24 pp	€191.21M -19.9%	151.4% -0.83 pp
2008	€101.74M +12.0%	€21.85M -35.4%	21.5% -0.16 pp	€238.61M +301.3%	234.5% +1.7 pp
2007	€90.81M +18.2%	€33.83M +42.6%	37.3% +0.064 pp	€59.46M +25.6%	65.5% +0.039 pp
2006	€76.85M +11.3%	€23.73M +2.7%	30.9% -0.026 pp	€47.35M -68.5%	61.6% -1.6 pp
2005	€69.03M +18.2%	€23.10M -17.5%	33.5% -0.14 pp	€150.27M +825.6%	217.7% +1.9 pp
2004	€58.38M +120.0%	€28.00M +5,492.8%	48.0% +0.46 pp	€16.24M +48.6%	27.8% -0.13 pp
2003	€26.54M +30.6%	€500.56K -78.2%	1.9% -0.094 pp	€10.92M +15.0%	41.2% -0.056 pp
2002	€20.32M +14.2%	€2.30M +10.2%	11.3% -0.0041 pp	€9.50M +7.4%	46.8% -0.030 pp
2001	€17.79M -9.8%	€2.09M +15.4%	11.7% +0.026 pp	€8.85M +542.1%	49.8% +0.43 pp
2000	€19.71M	€1.81M	9.2%	€1.38M	7.0%