PBF Logistics LP (NYSE: PBFX)

PBF Logistics LP (NYSE: PBFX)Citi MLP/Midstream Infrastructure ConferenceAugust 19, 2015

Safe Harbor StatementsThis presentation contains forward-looking statements made by PBF Logistics LP, PBF Energy Inc. and PBF Holding CompanyLLC (together, the “Companies”, or “PBFX” or “PBF”) and their management teams. Such statements are based on currentexpectations, forecasts and projections, including, but not limited to, anticipated financial and operating results, plans,objectives, expectations and intentions that are not historical in nature. Forward-looking statements should not be read as aguarantee of future performance or results, and may not necessarily be accurate indications of the times at, or by which,such performance or results will be achieved. Forward-looking statements are based on information available at the time, andare subject to various risks and uncertainties that could cause the Companies’ actual performance or results to differmaterially from those expressed in such statements. Factors that could impact such differences include, but are not limitedto, changes in general economic conditions; volatility of crude oil and other feedstock prices; fluctuations in the prices ofrefined products; the impact of disruptions to crude or feedstock supply to any of our refineries, including disruptions due toproblems with third party logistics infrastructure; effects of litigation and government investigations; the timing andannouncement and successful closing of any potential acquisitions (including the pending acquisition of Chalmette Refining,LLC) and subsequent impact of any future acquisitions on our capital structure, financial condition or results ofoperations; changes or proposed changes in laws or regulations or differing interpretations or enforcement thereof affectingour business or industry, including any lifting by the federal government of the restrictions on exporting U.S. crude oil; actionstaken or non-performance by third parties, including suppliers, contractors, operators, transporters and customers; adequacy,availability and cost of capital; work stoppages or other labor interruptions; operating hazards, natural disasters, weatherrelated delays, casualty losses and other matters beyond our control; inability to complete capital expenditures, orconstruction projects that exceed anticipated or budgeted amounts; inability to successfully integrate acquired refineries orother acquired businesses or operations; effects of existing and future laws and governmental regulations, includingenvironmental, health and safety regulations; and, various other factors.Forward-looking statements reflect information, facts and circumstances only as of the date they are made. The Companiesassume no responsibility or obligation to update forward-looking statements to reflect actual results, changes in assumptionsor changes in other factors affecting forward-looking information after such date.2

PBF Logistics LP Diversified, stable and predictable cash flows Supported by long-term, take-or-payagreements No direct commodity price exposure Highly integrated assets Strong alignment with PBF Energy Directly support PBF Energy refineryoperations PBF Logistics’s assets provide PBF Energystrategic optionality Financial Flexibility Long-term capital structure with ampleliquidity for growth Solid growth potential Third-party acquisitions, organic projects anddrop-downs3

PBF Logistics Delivering GrowthIPOMay2014Completed 350 MillionBond OfferingPBF er2014December2014May2015AcquiredDelaware CityWest RackAcquiredToledoStorageFacilityAcquiredDelaware CityPipeline andTruck RackSince IPO PBFX has: Invested 450 million to expand asset base Increased Distributable Cash Flow by over 100% Increased Distributions to unit holders by over 23% Achieved an 18% Compound Annual Growth Rate (“CAGR”)4

PBFX Focused on Distribution Growth0.3825.00Distributable Cash Flow ( millions)Distribution / LP Unit ( 2-14 Q3-14 Q4-14 Q1-15 Q2-15Q2-14 Q3-14 Q4-14 Q1-15 Q2-15*Represents the minimum quarterly distribution (MQD) for Q2-14, actual distributionof 0.16 equal to prorated MQD based on May 14, 2014 IPO*Values for Q2-14 prorated from May 14, 2014 to June 30, 20145

PBF Energy is PBFX’s Partner in Growth PBF market capitalization of 3.0 billionToledo(1) Oil refineries in Ohio, Delaware, New Jerseyand the pending Louisiana acquisition(2) Flexible crude sourcing options partiallysupported by PBFX-operated assetsPaulsboro Essential product distribution in the Northeastand Mid-Continent supported by PBFX assets Geographically diverse operations across threePADDs(2) PBF's core strategy is to grow and diversifythrough acquisitionsDelaware CityChalmetteRefineryRegionCapacity (bpd)Delaware CityPADD 1190,000Chalmette(2)PADD 3189,000PaulsboroPADD 1180,000ToledoPADD 2170,000Combined1. As of 8/14/152. Assuming successful close of the announced transaction to acquire Chalmette Refining, LLC6729,000

Strong Connection with PBF Energy Experienced management teamOperational Focused on safety and operational excellence PBFX’s assets are integrated with PBF’s three operating refineries Fee-based, long-term contracts provide PBFX with stable earningsFinancial Conservative financial profile with strong liquidity providesflexibility Demonstrated access to capital markets Midstream growth is a key component of PBF’s strategyStrategic PBF owns 54% of PBF Logistics and 100% of the GP PBFX provides PBF with an additional growth vehicle to enhanceinvestor returns7

Long-term Agreements Underpin StabilityAssetsMVCOriginal MVC ( )Initial TermDelaware City Rail Terminal85,000 bpd 2.00 / bbl7 YrsToledo Truck Terminal5,500 bpd 1.00 / bbl7 YrsDelaware City West Rack40,000 bpd 2.20 / bbl7 YrsToledo Storage Facility (Tankage)3.9 million bbls(1) 0.50 / bbl10 yrsToledo LPG Truck Rack (Propane)4,400 bpd 2.52 / bbl10 yrsDelaware City Products Pipeline50,000 bpd 0.5266 / bbl10 yrsDelaware City Truck Rack (CleanProducts)30,000 bpd 0.462 / bbl10 yrsDelaware City Truck Rack (LPG)5,000 bpd 2.52 / bbl10 yrsAll contracts have two 5-year renewal terms and inflation-based cost escalators(1) Subject to available storage capacity8

Significant Growth Potential Drop-down transactions with PBF Significant drop-down EBITDA pipelineremaining at PBF Energy Additional potential drop-down assetsavailable at the Chalmette Refinery(1) Third-party acquisitions Independent of PBF Jointly with PBF Organic Growth Expansion projects Green-field projects Operational efficiencies1. Assuming successful close of the announced transaction to acquire Chalmette Refining, LLC9

PBFX’s Future ValueFocus on Stable,Take-or-PayBusiness Maintain stable cash flow generation through long-term contracts withminimum volume commitments Commitment to safe and reliable operations across all areas No direct commodity price exposureFinancial Flexibility Conservative financial profile with an emphasis on liquidity Demonstrated ability to access capital markets Debt-to-EBITDA target of between 3x and 4xGrow the Business Pursue third-party acquisitions focused on traditional MLP assets Invest in organic projects and asset optimization Support growth of PBF through additional drop-down transactionsIncreaseDistributions Target 1.15x annual coverage ratio Financial flexibility for continued distribution growth Maintain attractive distribution growth rate10

Appendix

Non-GAAP Financial MeasuresOur management uses EBITDA (earnings before interest, income taxes, depreciation and amortization) as a measure ofoperating performance to assist in comparing performance from period to period on a consistent basis and to readily viewoperating trends, as a measure for planning and forecasting overall expectations and for evaluating actual results againstsuch expectations, and in communications with our board of directors, creditors, analysts and investors concerning ourfinancial performance. EBITDA is not a presentation made in accordance with GAAP and our computation of EBITDA may varyfrom others in our industry. EBITDA should not be considered as an alternative to operating income or net income asmeasures of operating performance. In addition, EBITDA is not presented as, and should not be considered, an alternative tocash flows from operations as a measure of liquidity. EBITDA also has limitations as an analytical tool and should not beconsidered in isolation, or as a substitute for analysis of our results as reported under GAAP.12

PBFX 2015 Guidance All figures are based on actual results and/or estimates using minimum volume commitmentsunder existing long-term agreements( in millions)FY 2015Initial GuidanceQ2 2015ActualFY 2015Revised Guidance(H1 actual H2Estimates)Revenues 122.0 34.9 139.5Operating expenses 35.0 4.8 32.7SG&A 10.5 3.7 12.6D&A 5.8 1.6 6.6Interest expense, net 8.5 4.6 19.6Maintenance capitalexpenditures 5.2 0.0 5.2Leverage target3x-4x EBITDA3x-4x EBITDAUnits outstanding(1)34.7 millionGuidance provided constitutes forward-looking information and is based on current PBF Logistics operating plans, assumptions and configuration. All figuresare subject to change based on market and macroeconomic factors, as well as management’s strategic decision-making and overall Partnership performance1. Units outstanding at 6/30/2015 represents the fully-diluted number of units issued during the IPO, subsequent transactions and under partnership compensationprograms13

Pursue third-party acquisitions focused on traditional MLP assets Invest in organic projects and asset optimization Support growth of PBF through additional drop-down transactions Conservative financial profile with an emphasis on liquidity Demonstrated ability to access c