Globally, the Need for Energy is Growing Natural gas and petroleum demand expected to grow for decades to come STEADY GROWTH IN GLOBAL ENERGY DEMAND DEMAND GROWTH DRIVEN BY DEVELOPING ECONOMIES Billion tons of oil equivalent % of…
U.S. is the Largest Oil and Gas Producer in the World Abundant supply enables growing U.S. role as exporter OIL AND GAS PRODUCTION Long runway of expected growth in U.S. oil and gas production Million barrels of oil equivalent per day…
Kinder Morgan: Leader in North American Energy Infrastructure Unparalleled and irreplaceable asset footprint built over decades CO2 S&T Natural Gas Largest natural gas transmission network in North CO2 oil production 6%4% Pipelines…
Our Strategy Stable, fee-based assets Financial flexibility Disciplined capital allocation Enhancing shareholder value Core energy 2019 Budget Adjusted Conservative Attractive projects infrastructure Net Debt / Adjusted…
A Core Energy Infrastructure Holding Significant cash flow generation, significant value to shareholders 40 billion market capitalization One of the 10 largest energy companies in the S&P 500 Investment grade rated debt Recent…
Cash Flow Generation Machine 5 billion of 2019B distributable cash flow (DCF) = 2 billion for dividends + 3 billion to enhance shareholder value billions Common Dividends Declared DCF After Dividends 2019B dividend coverage of…
Capital Allocation Priorities Right-sized balance sheet and set dividend target through 2020; continually assessing best use of available capital Balance Capital Share Dividend Sheet Projects Repurchase Target return threshold…
Significant Growth Projected for U.S. Natural Gas Kinder Morgan transports 40% of all natural gas consumed in the U.S. U.S. NATURAL GAS PRODUCTION U.S. NATURAL GAS DEMAND Bcfd Bcfd Growth Sector 2018 2030E Bcfd % Marc./Utica, 26 Net…
U.S. Natural Gas Demand is Concentrated in Gulf Coast 70% of forecasted 2018-2030 growth transits Texas and Louisiana, where we have significant assets in place Forecasted Texas and Louisiana demand and export growth between 2018 and…
5.7bn of Commercially Secured Capital Projects Underway Significant opportunities primarily resulting from expansive natural gas footprint Demand Pull / KMI Capital Estimated Commercially Secured Capital Projects Supply Push ( billion)…
Project Highlights: Gulf Coast Express and Permian Highway Providing Permian natural gas production with broad U.S. Gulf Coast market optionality Gulf Coast Express (GCX) Permian Highway Pipeline (PHP) Mainline: 448 miles of 42 pipeline…
Strong Liquids Fundamentals Attractive opportunities to supply U.S. products to consumers here and abroad GLOBAL LIQUIDS CONSUMPTION EXPECTED TO EXCEED GROWTH LED BY CHINA AND INDIA (2018 2020) 100 MILLION BARRELS PER DAY BY 2019 World…
Leading Refined Products Terminal Hub on U.S. Gulf Coast Our premier refined products aggregation and market-clearing terminaling hub on the Houston Ship Channel Largest independent refined products terminal hub in U.S. Our Integrated…
Beyond the Backlog Strong long-term fundamentals to drive additional opportunities Takeaway for Storage to support Grow crude and significant renewable power Infrastructure to NGL footprint out Marcellus / Utica generation and…
Compelling Investment Opportunity Returning value to shareholders via significant dividend growth Attractive valuation DRILL-DOWN OF S&P 500 COMPANIES ENTERPRISE VALUE / 2019E EBITDA Attractive valuation provides upside potential 412…
KMI: A Compelling Investment Opportunity Strategically-positioned assets generating substantial cash flow with significant long-term growth opportunities 90% take-or-pay or fee-based earnings (a) 7.8 billion = 2019B Adjusted…
Appendix 20
KMI: 2019 Guidance Published Budget Strong fundamentals and strategic footprint support steady growth in our diversified, fee-based cash flow Key Metrics 2019 Budget from 2018 Notes SIGNIFICANT EARNINGS POWER billions Adjusted EBITDA…
Stable, Multi-Year Fee-Based Cash Flow 96% of 2019B segment cash flow is from take-or-pay and other fee-based contracts or hedged(a) 66% Fee-Based Take-or-Pay: highly dependable cash flow under multi-year contracts Entitled to payment…
Energy Toll Road Cash flow security with 90% from take-or-pay and other fee-based contracts Natural Gas Pipelines Products Pipelines Terminals CO2 2019B EBDA %(a) 61% 15% 14% 10% 72% interstate pipelines 78% liquids Asset Mix 60%…
Averaged 2.5 Billion of Discretionary Capital since 2008 ANNUAL GROWTH CAPITAL & CONTRIBUTIONS TO JVs(a,b) billions Expansion Average 3.4 3.3 3.2 3.2 3.1 3.0 2.5 2.7 2.3 2.3 1.7 1.4 1.1 2008 2009 2010 2011 2012…
Successfully Achieving Attractive Build Multiples Disciplined steward of capital Competitive advantages: INVESTMENT MULTIPLES: PROJECTS COMPLETED 2015-2018 Capital invested / year 2 Project EBITDA(a) Expansive asset base ability to…
Joint Venture Treatment in Key Metrics KM controls and fully consolidates KM does not control or consolidate (third party portion referred to as noncontrolling interests in financial statements) (KM portion referred to as equity…
Natural Gas Segment Overview Connecting key natural gas resources with major demand centers Asset Summary Natural Gas Pipelines: 70,000 Miles NGL Pipelines: 2,700 Miles U.S. Natural Gas Consumption Moved: 40% Working Gas Storage…
Growth Driver: Buildout of U.S. LNG Exports Our natural gas network serves significant LNG export capacity and is well-positioned to capture more GLOBAL DEMAND DRIVING SIGNIFICANT BUILDOUT OF U.S. LNG OUR NETWORK REACHES MULTIPLE EXPORT…
Growth Driver: Surging Permian Production Building 4 Bcfd of new natural gas takeaway capacity Ability to leverage our assets to competitively serve future growth Our existing footprint reaches across Texas and connects into all major…
Highly-Contracted Natural Gas Pipelines Contracted capacity and term by region NET ANNUAL INCREMENTAL RE-CONTRACTING EXPOSURE (KM SHARE): Assumptions % of 8.4bn 2019B Total Segment EBDA(a) Negative figures represent unfavorable…
FERC-Regulated Interstate Natural Gas Assets Summary statistics, including remaining contract term and rate moratorium dates (where applicable) Transport Storage Avg. Remaining % of 2017 Revenues KM Capacity Capacity Contract Term from…
501-G Process Update Resolution expected to occur over time with opportunities to mitigate potential financial impact Status: Filed a Form 501-G for 19 assets during Q4 2018(a) SNG and Young Gas Storage have entered into negotiated…
Terminals Segment Overview Diversified terminaling network connected to key refining centers and market hubs Asset Summary Total Kinder Morgan Terminals: 157 Terminals Terminals Segment Bulk 34 Terminals Terminals Segment Liquids 56…
CO2 Segment Overview World class, fully integrated assets CO2 source to crude oil production and takeaway in the Permian Basin KMI Remaining OGIP CO2 Reserves Interest NRI Location Deliverability (tcf) McElmo Dome 45% 37% SW Colorado…
Overview of Kinder Morgan Canada Limited (TSX: KML) Stable, fee-based assets central to Western Canadas energy infrastructure Assets include integrated terminals and pipelines that support a key Edmonton Terminals piece of Western…
KML Asset Snapshot: Leading Crude Oil Terminal Footprint Fully-integrated terminals in Canadas Edmonton crude oil hub C1.3 billion invested since 2006 with opportunities ahead 1 KML-ow ned land 100% 9 tanks (1 x 150,000 bbl, 8 x…
KML Asset Snapshot: Leading Energy Infrastructure Assets Irreplaceable infrastructure in key markets in Western Canada COCHIN PIPELINE (CANADIAN PORTION) Transports condensate from the Canada / U.S. border to Fort Saskatchewan, Alberta,…
KML: 2019 Guidance Published Budget Highly contracted, fee-based cash flow Key Metrics(a) 2019 Budget Segment Highlights YoY in EBDA(b) Adjusted EBITDA C213 million Full-year contribution from Distributable Cash Flow C109 million…
Environmental, Social and Governance (ESG) Committed to being a good corporate citizen Prioritizing ESG Every Day ESG-Related Achievements Operations Management System Published first stand-alone ESG Report in October 2018 Intentional,…
Asset Integrity and Safety are Top Priorities Kinder Morgans EHS metrics consistently outperform the industry Safe operation of our assets is mission critical to our long-term OUR SAFETY PERFORMANCE VS. INDUSTRY(a) success of safety…
KMI Business Risks Summary Regulatory FERC rate cases (Products Pipelines and Natural Gas Pipelines) Provincial, state, and local permitting issues CO2 crude oil production volumes Throughput on our volume-based assets Commodity…
KML Business Risks and Key Assumptions Summary Industry demand / supply trends Throughput on our volume-based assets If uncontracted volume throughput were higher or lower than forecasted by 10%, the estimated impact on 2019B Adjusted…
Non-GAAP Financial Measures and Reconciliations Defined Terms Reconciliations for the historical period 44
KMI GAAP Reconciliation in millions Yr. Ended Yr. Ended Reconciliation of DCF 12/31/18 Reconciliation of Adjusted EBITDA 12/31/18 Net Income 1,919 Net Income 1,919 Noncontrolling interests' portion of certain items (240) Total certain…
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