Kinder Morgan: Leader in North American Energy Infrastructure Unparalleled & irreplaceable asset footprint built over decades CO2 & transport Largest natural gas transmission network CO2 EOR oil & gas production Natural gas 6% 3%…
2020 Updated Guidance Revised to incorporate estimated impact of COVID-19 & oil price decline Change from Change from Key metrics 2020 Forecast 2020 Budget 2019 Adjusted EBITDA 7.0 billion (8)% (8)% Distributable cash flow 4.6…
2020 Updated Guidance Assumptions Change from 2020 Budget Segment EBDA Discretionary capital Key developments Reduced upstream customer activity impacting contributions from gathering & processing (G&P) assets, particularly in the…
2020 Updated Guidance Sensitivities Limited remaining commodity exposure for remaining 9 months Assumptions (last 9 mos) Change Potential Impact to Adjusted EBITDA (balance of year) Natural Gas Products Terminals CO2 Total Natural…
3.3bn of Commercially-Secured Capital Projects Underway Project backlog as of 3/31/2020 Demand Pull / KMI Capital Estimated Supply Push ( billion) In-Service Date Capacity Permian takeaway projects (PHP, TX Intrastates, NGPL) 0.9 Q4…
Our Response to COVID-19 Prioritizing the health of our co-workers & their families while maintaining safe & reliable operations of our assets Leveraging well-established and previously utilized business continuity & pandemic response…
Resilient through Prior Cycles Conservative business strategy built to withstand commodity price dislocations Quarterly Adjusted EBITDA (left, in mm) WTI Crude Oil (right, / bbl) 2,100 100 1,900 90 1,700 80 1,500 70 1,300 60…
Prepared to Weather the Storm Disciplined management of the balance sheet improves financial position relative to prior downturns NET DEBT / ADJUSTED EBITDA CFFO CAPITAL EXPENDITURES DIVIDENDS PAID(c) in millions Significantly lower…
Highly-Contracted Cash Flows 90% from take-or-pay & other fee-based contracts CONTRACT MIX(a) Contract type: Payment feature: Example assets: Natural gas interstates / LNG (90%) Natural gas intrastates (75%b) Entitled to payment…
Customers Are Primarily End-Users of the Products We Handle Net revenues underpinned by investment grade counterparties & credit support Data as of 4/3/2020 Marketer Midstream Not rated 6% 3% 11% Producer non-IG or not rated 70%…
Natural Gas Segment is Predominantly Transport Pipelines 80% take-or-pay Fee-based gathering & processing assets focused on the Bakken, Eagle Ford & Haynesville NATURAL GAS SEGMENT VOLUMES Bbtu/d Transport Sales Gathering Gathering…
Products Segment Transports Multiple Essential Fuels Fee-based revenues from critical infrastructure providing mix of feedstock & finished products to refineries & end users Crude oil 27% Products KMI overall Gasoline business…
Refined Products Volumes Relatively Steady over Time Including through prior crude oil price downturns (2015 & 2018) REFINED PRODUCTS VOLUMES(a) mmbbld 1.8 17.0 HISTORICAL VOLUME GROWTH CAGR 2015-2019 1.7 16.0 1.1% 0.7% 1.6 15.0 KM…
CO2 Segment Predictable Volumes & Hedged Commodity Price Mitigating uncertainties where possible EOR oil & gas production represents 6% of KMI business mix NET OIL PRODUCTION: ACTUALS VS. BUDGET HEDGED VOLUMES mbbld as of 4/7/2020…
CO2 Segment Consistently Generates Free Cash Flow Low cash cost structure yields healthy margins through multiple commodity price cycles EOR OIL & GAS CASH OPERATING COSTS CO2 SEGMENT FREE CASH FLOW per net barrel millions Cash costs…
Non-GAAP Financial Measures & Reconciliations Defined Terms Reconciliations for the historical periods 18
GAAP Reconciliations in millions Reconciliation of DCF 2019 Reconciliation of Adjusted EBITDA 2019 Net income available to common stockholders (GAAP) 2,190 Net income (GAAP) 2,239 Total Certain Items (29) Total Certain Items (29)…
GAAP Reconciliations in millions Reconciliation of Adjusted Segment EBDA 2019 Reconciliation of interest, net 2019 Natural Gas Pipelines (GAAP) 4,661 Interest, net (GAAP) (1,801) Certain Items (51) Certain Items (15) Natural Gas…
Reconciliation of CO2 Free Cash Flow in millions Reconciliation of CO2 Free Cash Flow 2015 2016 2017 2018 2019 Segment EBDA 657 827 847 759 681 Certain items: Non-cash impairments and project write-offs 622 29 - 79 75…
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