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 6% 3% 70,000 miles of…
A Core Energy Infrastructure Holding Generating significant cash flow & returning significant value to shareholders 30 billion market capitalization One of the 10 largest energy companies in the S&P 500 15% owned by management…
2020 Updated Guidance Revised to incorporate estimated impact of pandemic & commodity price declines Key metrics 2020 Budget 2020 Forecast down slightly Adjusted EBITDA 7.6 billion more than 8% Expected reduction in DCF to be more…
Our Pandemic Response 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…
U.S. Natural Gas Demand Expected to Grow 85% of the forecasted demand growth is driven by Texas and Louisiana LONG-TERM DEMAND TRENDS Bcfd, 2020 2030 +12.2 LNG exports +4.1 Industrial +2.2 Mexico exports, net +1.6 Other +0.9…
Hydrocarbons Required to Meet Long-Term Energy Demand U.S. energy infrastructure will be critical for decades GLOBAL PRIMARY ENERGY DEMAND BY FUEL Broad-based natural gas demand growth across all billion tons oil equivalent sectors…
2.9bn of Commercially-Secured Capital Projects Underway Project backlog as of 6/30/2020 Demand Supply KMI Capital Estimated Pull Push ( billion) In-Service Date Capacity Permian takeaway projects (PHP, TX Intrastates, NGPL) 0.9 Q4…
Successfully Achieving Attractive Build Multiples Established track record of leveraging our footprint & project management expertise Competitive advantages: INVESTMENT MULTIPLES: PROJECTS COMPLETED 2015-2019 Capital invested / year 2…
Weathering 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 leverage…
Highly-Contracted Cash Flows Stable cash flows with 74% take-or-pay or hedged earnings(a) CONTRACT MIX(a) Contract type: Payment feature: Example assets: Natural gas interstates / LNG (90%) Natural gas intrastates (75%b) 6% 2% 68%…
Customers Are Primarily End-Users of the Products We Handle Net revenues underpinned by investment grade counterparties & credit support Ratings as of 7/13/2020 Marketer Midstream Not rated 6% 2% 70% B- or below 12% Producer…
Prioritizing Environmental, Social & Governance (ESG) Ongoing enhancements to ESG disclosures Long-standing commitment to reducing methane emissions SUSTAINALYTICS ESG RISK RATING(a) SUCCESSFUL METHANE EMISSIONS REDUCTIONS(a) bcf,…
Biofuels Important to Growing Global Transportation Demand Our network includes substantial blending, pipeline, terminaling & export capabilities for ethanol & other biofuels ETHANOL BIODIESEL RENEWABLE DIESEL Our existing assets…
Appendix
2020 Updated Guidance Sensitivities Commodity exposure for remaining 6 months Assumptions (last 6 mos) Change Potential Impact to Adjusted EBITDA & DCF (balance of year) Natural Gas Products Terminals CO2 Total Natural gas G&P…
Gathering & Processing Assets Across Multiple Key Basins Represents 9% of KMI EBDA with 7% in Natural Gas & 2% in Products (primarily Bakken) 18% Other 40% Eagle Ford SHORT-TERM DRY GAS PRODUCTION OUTLOOK Copano South Texas & Bcfd,…
Forecasted U.S. Natural Gas Production Bcfd 2020 2021 2025 2030 40 35 30 25 20 15 10 5 0 Northeast Permian Haynesville Eagle Ford SCOOP-STACK Niobrara & PRB Bakken Associated Non-Associated 140 120 100 80 60 40 20 0 2011…
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…
Leading the Way Out of the Permian Successfully completed GCX on time & budget PHP well underway Leveraging existing footprint into new takeaway capacity that reaches Natural Gas Pipelines across Texas & the Desert/Southwest (DSW),…
Supporting the Buildout of U.S. LNG Exports Serving significant liquefaction capacity & well-positioned to capture more Kinder Morgan network advantages: Natural gas transportation leader 70,000 miles of natural gas pipelines Move 40% of…
Manageable Natural Gas Re-Contracting Exposure Analysis of existing contracts that renew during next two years EXPECTED ANNUAL NET RE-CONTRACTING EXPOSURE (KM SHARE): % of 7.8bn 2020B KMI Total Segment EBDA(a) Expiring contracts are…
Integrated Terminaling Network Focused on Refined Products Irreplaceable collection of assets, capabilities & market-making connectivity Our unmatched scale & flexibility on the Houston Ship Channel: KM terminals & assets refined…
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 Pipes Historically A Steady Contributor Fee-based with stable volumes over time, including through prior crude oil price downturns 10% of total KMI EBDA REFINED PRODUCTS VOLUMES(a) mmbbld 2.0 17 HISTORICAL VOLUME…
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 6/30/2020…
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…
Energy Toll Road Cash flow security with 90% from take-or-pay & other fee-based contracts Natural Gas Pipelines Products Pipelines Terminals CO2 2020 EBDA %(a) 62% 15% 14% 9% Refined Liquids Jones Act CO2 & Interstate / LNG Intrastate…
Non-GAAP Financial Measures & Reconciliations Defined Terms Reconciliations for the historical periods 32
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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