Run By Shareholders, For Shareholders Kimberly Dang Chief Financial Officer December 2, 2014
KMI Completes Acquisition of KMP, KMR & EPB Transaction closed 11/26/2014 Value Enhancing Combination Paves Way for Significant Growth 2015 dividend expected to be 2.00 (16% growth over Pro Forma Consolidated KMI 2014 budget) 2014B…
Kinder Morgan Simplified Structure: All Assets Now In One Equity Old Structure(a) New, Simplified Public Structure(b) Public Management/ Original S/H Sponsor Float 302MM (_) 665 MM (29%) Kinder Morgan, Inc. (64%) 69 MM (7%)…
Unparalleled Asset Footprint Largest Energy Infrastructure Company in North America 3rd largest energy company in North America with an enterprise value of 130 billion Nearly 18 billion of currently identified organic growth…
Strategy Remains the Same Same Strategy Since Inception Focus on stable fee-based assets that are core to North American energy infrastructure Market leader in each of our business segments Control costs Its the investors money,…
18 Years of Growth Strategy Has Led to Consistent, Growing Results KMP Total Distributions (GP + LP) (MM) KMP Annual LP Distribution per Unit(c) (a) 5,000 (a) 6.00 5.58 4,499 5.33 4,500 GP LP 4.98 4,017 5.00 4.61 4,000 4.40…
Historical KMP Capital Investment 46.5B Invested Since Inception(a,b) ( in billions) Total Invested by Type(a,b) Total Invested by Year 25 11 20 Expansion 10.0 10 Acquisition 15 21.9 24.6 9 10 8 5 7 6.6 (b) - Expansions…
Financial Rigor Promises Made, Promises Kept Promises Made Promises Kept KMI Budgeted KMI Actual Dividend: Dividend: 2011: 1.16(a) 2011: 1.20(a) KMI has exceeded 2012: 1.35 2012: 1.40 its dividend target 2013: 1.57 2013: 1.60 in…
Returns to Investors(a) Tremendous Total Returns Spanning 18 Years KMI: 14% CATR Since Inception(b) KMP: 24% CATR Since 96(e) 175 5,000 Dollars Dollars KMP = 4,835 140 4,000 105 3,000 S&P 500 = 170 KMI = 164 RMZ = 159 70…
KMIs Diversified Cash Flow Supported by Substantially Fee-based Assets Pro Forma Consolidated KMI Natural Gas Pipelines 2014B Segment Earnings before DD&A 70% interstate pipelines = 8.0 billion(a) 21% gathering, processing &…
5-year Project Backlog(a) Nearly 18 Billion of Currently Identified Organic Growth Projects Tremendous footprint provides 17.9B of currently identified growth projects over next 5 years 5-year Growth Capex Backlog (B) 4Q 2014 2015…
Natural Gas Megatrend Strong Natural Gas Footprint & Market Opportunity Set U.S. Natural Gas Projected Supply & Demand(a) (Bcf/d) Demand 2014 2019 2024 KM Natural Gas Asset Footprint LNG exports -0.3 4.7 9.8 Mexican net exports 2.1…
Natural Gas Megatrend Generating Real-time, Long-term Benefits 641B of investment in midstream energy infrastructure needed through 2035, implying 29B per year annual spend(a) compared to 18B annual spend by MLPs(b) over past five…
Business Risks Regulatory Products Pipeline FERC rate cases Natural Gas FERC rate cases Legislative and regulatory changes Crude oil production volumes Commodity prices CO2 oil production 2014 budget assumes 96.15/Bbl realized…
Summary Attractive Value Proposition Unparalleled asset footprint with best-in-class cash flow visibility and dividend growth Diversified midstream energy platform provides stable, fee-based cash flow Industry leader in all business…
Appendix
KMI Compares Favorably to its Midstream Energy Peers and S&P 500 High-dividend Companies M a rk e t LQA D iv id e n d C ap D iv id e n d G ro w th C om pany In d u s try ( M M ) Y ie ld R a te s (a ) 2015-2020 K in d e r M o rg a n…
Cross-guarantees Overview KMI consolidated its subsidiaries under a single C-corp as follows: Acquired public shares of KMR and public units of KMP and EPB Executed cross guarantees among KMI, KMP, EPB and substantially all…
Additional Transaction Information Online Resources KMI acquisition of KMP, KMR and EPB closed on November 26, 2014 Certain transaction-related resources are available at kmitxn.kindermorgan.com, including: Transaction overview…
Energy Toll Road Diversified, Fee-based Business Model Natural Gas Products Kinder Morgan Terminals CO2 Pipelines Pipelines Canada Interstate & LNG: take or pay Take or pay, minimum S&T: primarily minimum Intrastate: 75% take or…
Natural Gas Pipelines Segment Outlook Well-positioned connecting key natural gas resource plays with major demand centers Project Backlog: 4.7 billion of identified growth projects over next seven years(a), including: LNG…
Products Pipelines Segment Outlook Opportunities for growth from increased liquids production Project Backlog: 1.1 billion of identified growth projects over next two years(a), including: UTOPIA Eagle Ford condensate processing…
Terminals Segment Outlook Well-located in refinery / port hubs and inland waterways Project Backlog: 2.5 billion of identified growth projects over next five years(a), including: Liquids BOSTCO Phase 3 Alberta crude by rail…
CO2 Segment Outlook Own and operate best source of CO2 for EOR(a) Project Backlog: Identified growth projects totaling 2.1 billion and 2.1 billion in S&T and EOR, respectively, over next five years(b), including: S&T Southwest…
Kinder Morgan Canada Segment Outlook Sole oil pipeline from Oilsands to West Coast / export markets Project Backlog: 5.4 billion expansion of Trans Mountain Pipeline Long-term Growth Drivers: Expand Oilsands export capacity to…
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