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March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P.

Kinder Morgan Energy Partners, L.P. · Mar 9, 2016 · 32 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 1
    Run For Shareholders, By Shareholders Kimberly Dang CFO March 9, 2016
  2. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 2
    Unparalleled Asset Footprint Largest Energy Infrastructure Company in North America World class asset footprint: Largest natural gas pipeline network in North America Own an interest in / operate over 69,000 miles of natural gas…
  3. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 3
    KMI Overview Management Aligned with Investors; 14% Stake in KMI Simple Public Structure Management / Public Original S/H(a) Float Simple Structure: 317MM (14%) 1,920MM (86%) One equity base Kinder Morgan, Inc. One dividend…
  4. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 4
    Our Strategy Focus on stable fee-based assets that are core to North American energy infrastructure Market leader in each of our business segments Maintaining a strong balance sheet is paramount Our primary investing entity has been…
  5. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 5
    19 Years of Stable Growth Strategy Has Led to Consistent, Growing Results KMP Annual LP DCF per Unit(a) KMI Annual DCF per Common Share(c) 6 5.61 2.50 5.39 5.07 2.14 2.10 4.68 2.00 5 4.43 2.00 4.154.25 1.65 4 3.65 1.46…
  6. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 6
    Capital Invested 54 Billion of Asset Investment & Acquisitions Since Inception(a,c) ( in billions) Total Invested by Type(a,c) Total Invested by Year(b,c) 30 28.8 25.0 11 25 Expansion 20 10 9.8 Acquisition 15 9 10 8 5 - 7…
  7. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 7
    Returns on Invested Capital Consistent Returns Demonstrate Asset Performance, Management Discipline Segment ROI(a): 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Natural Gas Pipes 13.3% 15.5% 12.9%…
  8. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 8
    2016 Budget Guidance Supported by Diversified, Fee-based Cash Flow 2016 Budget Commodity Price Sensitivity KMI 2016 budgeted distributable cash flow available 2016 budgeted coverage of 3.6 billion to common shareholders of 4.7…
  9. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 9
    Segment Overview The Markets that Actually Drive our Business Natural Gas Pipelines 2016 Budgeted Segment 72% interstate pipelines EBDA = 8.0 billion(a) 20% gathering, processing & treating 87% fixed-fee(b) 13% other CO2 S&T KM…
  10. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 10
    KMIs High Quality Cash Flow Not all fee-based cash flow is created equal 2016 Budgeted Segment Composition of 91% EBDA = 8.0 billion(a) Fee-based Cash Flow 3% Commodity- based CO2 S&T 0.3 / Other 6% Hedged…
  11. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 11
    Natural Gas Transportation & Storage 57% of 2016 Budgeted Total Segment EBDA Natural gas transport & storage is KMIs largest business U.S. Natural Gas Supply & Demand(a) (Bcf/d) U.S. natural gas demand expected to rise 27% through…
  12. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 12
    Liquids Transportation, Storage & Handling 33% of 2016 Budgeted Total Segment EBDA(a) Strong Fundamentals & Demand Drivers Highlighting Asset Utilization Stable refined products demand: vital pipeline network connecting refinery /…
  13. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 13
    KMI Counterparty Exposure Strong Customer Credit Profiles Limit KMIs Risk(a) High-Quality, Diversified Customer Base Estimate approximately 2/3 of revenue(b) generated by end-users (utilities, LDCs, refineries, chemical, large…
  14. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 14
    5-year Growth Capex Program(a) 18.2B of Attractive, Fee-based Projects World class asset footprint has helped secure growth projects with attractive returns, secured by long-term, fee-based contracts with creditworthy counterparties…
  15. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 15
    Business Risks Regulatory Products Pipeline FERC rate cases Natural Gas FERC rate cases Legislative and regulatory changes CO2 crude oil production volumes Throughput on our volume-based assets Counterparty credit Commodity…
  16. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 16
    KMI: Attractive Value Proposition Unparalleled asset footprint Diversified energy infrastructure platform with stable, fee-based cash flow Industry leader in all business segments Focus on strong balance sheet and enhanced credit…
  17. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 17
    Appendix
  18. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 18
    Energy Toll Road Security of Cash Natural Gas Products Kinder Morgan Terminals CO2 Pipelines Pipelines Canada Interstate & LNG: take or pay Liquids & Jones Act: S&T: primarily Intrastate: 73% take or pay(a) Refined products:…
  19. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 19
    Incidents & Releases Liquids Pipeline Right-of-way Liquids Pipelines Liquids Pipelines Incidents per 1,000 Miles(a) Release Rate(a) 1.0 50 Barrels per billion barrel miles 0.8 40 Incidents per 1,000 Miles 0.6 0.57 30…
  20. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 20
    Incidents & Releases Natural Gas Pipeline Right-of-way Natural Gas Pipelines Natural Gas Pipelines Incidents Rate All Reportable Incidents(a) Incidents Rate Onshore Ruptures-only(c) 1.0 0.5 0.8 0.4 Incidents per 1,000 Miles…
  21. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 21
    Employee Safety Statistics(a) KM Lost-time Incident Rate (DART) OSHA Recordable Incident Rate 4 3.7 7 Lost-time injuries per 200k hours 6.4 OSHA Recordable Incidents per 6 6.1 200k Hours Worked 3 5 4 worked…
  22. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 22
    Natural Gas Pipelines Segment Outlook Well-positioned connecting key natural gas resources with major demand centers Long-term Growth Drivers: Shale-driven expansions / extensions LNG exports Liquefaction facilities Pipeline…
  23. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 23
    Natural Gas Pipelines Contracted Capacity and Term by Region Contracted Avg. Term Region Service Capacity Remaining Storage 356 Bcf 3 yrs., 7 mos. North Transport 19.1 Bcf/d 5 yrs., 7 mos. Storage 52 Bcf 1 yrs., 10 mos.…
  24. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 24
    Products Pipelines Segment Outlook Opportunities for growth from increased liquids production Long-term Growth Drivers: Miles of Pipe: 9,900 Transmix: 6 facilities with process capability of Increased demand for refined product…
  25. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 25
    Products Pipelines Historical Demand and 2016 EIA Outlook(a) U.S. Refined Product Consumption U.S. Refined Product Demand Outlook 2014 2015 2016E (MMBbl/d) 10 Mogas 0.9% 2.6% 1.1% 9 Distillate 5.5% -1.9% 2.1% 8 Jet Fuel 2.5%…
  26. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 26
    Terminals Segment Outlook Well-located in refinery / port hubs and inland waterways Long-term Growth Drivers: KM Terminal Facilities* Refined product supply and demand growth Bulk 59 Terminals Gulf Coast liquids exports Liquids…
  27. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 27
    Terminals Terminals Segment 76% of 2016 Budgeted Segment EBDA Based on Liquids Business Terminals 2016 Budgeted EBDA Liquids Revenue(a) 79% of liquids revenues secured by 100% take-or-pay contracts Other Fixed monthly advanced…
  28. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 28
    Terminals Houston Ship Channel Market: Worlds largest integrated refined product terminaling system Infrastructure: 43 million barrels of capacity connected to 10 refineries Customers: Refiners, integrated majors, international…
  29. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 29
    CO2 Segment Outlook(a) Own and operate best source of CO2 for EOR Long-term Growth Drivers: Demand for scarce supply of CO2 drives volume and price Expect to maintain current CO2 production levels with minimal incremental…
  30. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 30
    Kinder Morgan Canada Segment Outlook Sole oil pipeline from Oilsands to West Coast / export markets Long-term Growth Drivers: Expand Oilsands export capacity to West Coast and Asia Following successful open season, major…
  31. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 31
    2016 Budgeted Growth Capital (millions) 2016 2015 (a) Growth capital Budget Actual Natural Gas Pipelines 1,565 1,528 CO2 - S&T 9 163 CO2 - EOR 213 449 Products Pipelines 344 431 Terminals 935 854 Kinder Morgan Canada 215…
  32. March 2016 Corporate Presentation – Kinder Morgan Energy Partners, L.P. – slide 32
    Credit Ratios and Liquidity(a) ( in millions) 2016 Leverage metrics 2012 2013 2014 2015 Budget (b) Net debt to EBITDA 5.4x 5.0x 5.5x 5.6x 5.5x EBITDA to interest 4.0x 3.9x 4.1x 3.5x 3.6x (c) (d) Revolver capacity Long-term…

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