Leader in North American Energy Infrastructure Unparalleled & irreplaceable asset footprint built over decades Connecting major U.S. natural gas resource plays to key demand centers Largest natural gas transmission network Move 40% of…
KMI: a Core Holding in Any Portfolio Generating significant cash flow & returning significant value to shareholders 35 billion market capitalization One of the 10 largest energy companies in the S&P500 13% owned by management…
2021 Budget Committed to maintaining a strong balance sheet & returning value to shareholders Variance to Key metrics 2021 Budget 2020 Net income 2.1 billion 2 billion Increase due primarily to impairments taken during 2020 Lower…
Strategy Maximize the value of our assets on behalf of shareholders Disciplined Enhance Stable, fee- Invest in a low Financial capital shareholder based assets carbon future flexibility allocation value Core energy 1.5 billion…
Highly-Contracted Cash Flows Stable cash flows with 72% take-or-pay or hedged earnings(a) Contract type Payment feature Example assets CONTRACT MIX(a) Jones Act tankers 100% Natural gas interstate / LNG 93% Entitled to payment…
Customers Are Primarily End-Users of the Products We Handle Net revenues underpinned by investment grade counterparties & credit support Ratings as of January 11, 2021 CUSTOMER TYPE CREDIT RATING End-user IG or substantial credit…
Self-Funding Capex & Dividends Since 2016 Opportunistic asset monetization enabled meaningful debt reduction Generated 1.9 billion of free cash flow after dividends over last 5 years Borrowing, net Cash from BS Debt repayment…
Our Business is Resilient throughout an Energy Transition what we do today is valuable & will be needed for a long time helps meet environmental goals energy transitions take decades infrastructure supporting the - Vaclav Smil,…
All Available Sources Required to Meet Demand Outlook Even as the energy mix gradually shifts, hydrocarbons projected to remain essential to meeting demand GLOBAL PRIMARY ENERGY DEMAND BY FUEL billions tons oil equivalent (btoe) 2019,…
Substantial Growth Projected for U.S. Natural Gas KEY BASINS DRIVING U.S. GROWTH 2020 to 2030 growth in bcfd Additional 24 bcfd expected from three areas 9 9 6 Haynesville Permian Northeast DEMAND in bcfd Exports &…
Our Infrastructure is Important to Fueling the Future Leveraging our long-term investment in the substantial assets & expertise required to responsibly deliver energy BENEFITS OF NATURAL GAS LOW EMISSIONS ABUNDANT & LOW COST Natural…
U.S. CO2 Emissions Declined Since 2007 while GDP grew 50% Primarily due to converting coal power generation to natural gas generation U.S. ELECTRICITY GENERATION MIX U.S. CO2 EMISSIONS % of total generation billion metric tons U.S.…
Well-Positioned to Move Potential Fuels of the Future RNG & hydrogen can utilize much of the existing natural gas infrastructure network RNG is a pipeline-quality gas Hydrogen could be shipped Hydrogen is energy dense & Pipelines can…
Opportunity for Natural Gas Infrastructure Renewable alternatives are small in scale today, but could grow to meet nearly 20% of current U.S. demand as costs decline U.S. SUPPLY COST ESTIMATES bcfd, 2020 & 2050 potential per Dth 2020,…
Attractive Potential for Liquid Biofuels Policy support & efficient infrastructure important to increasing adoption of ethanol, biodiesel & other low-carbon fuels GLOBAL BIOFUELS DEMAND OUTLOOK million barrels per day Stated policies…
Substantial Existing Capabilities at Our Terminals & Products Assets Includes substantial blending, pipeline, terminaling & export capabilities for ethanol & other biofuels Ethanol Biodiesel Renewable Diesel Our existing assets…
West Coast Renewable Fuels Projects Developing infrastructure to secure renewable fuels Market drivers Renewable Diesel (RD) has been driven by California subsidies RIN credits Low Carbon Fuel Standard (LCFS) credits Blenders Tax…
Carbon Capture Utilization & Storage (CCUS) Positioned to leverage our existing expertise & capabilities to provide CCUS services in the future Our experience & current operations cover the CCUS value chain CURRENT ESTIMATED U.S. CARBON…
Our Multi-Faceted ESG Approach Recognized as an industry leader & for ongoing improvements INVEST integrity management & maintenance programs Sustainalytics ESG risk rating(a) Safety-focused Outperform industry averages in almost all…
Long-Standing Commitment to Reducing Emissions 25+ year track record Evaluate new opportunities SUCCESSFUL METHANE EMISSIONS REDUCTIONS(a) Work with organizations like DOE, EPA, & PRCI on studies & technology bcf, cumulative across our…
APPENDIX
Energy Toll Road Cash flow security with 90% from take-or-pay & other fee-based contracts Natural Gas Products Terminals CO2 2021B EBDA %(a) 62% 16% 15% 7% Refined Liquids Jones Act CO2 & Interstate / LNG Intrastate G&P products Crude…
1.5 Billion Project Backlog as of 12/31/2020 Primarily focused on contracted natural gas opportunities DEMAND SUPPLY CAPITAL ESTIMATED PIPELINE PULL PUSH ( billion) IN-SERVICE CAPACITY Supply for U.S. power & LDC demand (TGP, FGT &…
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 KMI ADJUSTED SEGMENT EBDA millions Expiring contracts are assessed for volumetric & Adjusted Segment EBDA Interstate…
Products Segment Overview Supplying a diverse mix of feedstock & finished products critical to refining & transportation sectors 2021B volumes Volume by 2021B DELIVERY VOLUMES(a) mbbld region(b) West 74% Budget averages 2% below 2019…
Our Integrated Terminal Network on Houston Ship Channel Refined products focused with an irreplaceable collection of assets, capabilities & market-making connectivity Our unmatched scale & flexibility: KM terminals & assets refined…
CO2 Segment Consistently Generates Free Cash Flow Low cash cost structure yields healthy margins through multiple commodity price cycles OIL & GAS CASH OPERATING COSTS & AVG. PRICE CO2 SEGMENT FREE CASH FLOW millions per net barrel Cash…
Non-GAAP Financial Measures & Reconciliations Defined Terms Reconciliations for the historical periods 32
GAAP Reconciliations in millions 2021 2020 Change Budget Actual % Net income attributable to Kinder Morgan, Inc. (GAAP) 2,109 119 1,990 NM Total Certain Items (11) 1,892 (1,903) (101%) Adjusted Earnings(a) 2,098 2,011 87 4% DD&A and…
GAAP Reconciliations in millions 2020 Certain Items in Segment Adjusted Adjusted EBDA Segment Segment Reconciliation of Adjusted Segment EBDA (GAAP) EBDA EBDA Certain Items 2020 Natural Gas Pipelines 3,483 983 4,466 Fair value…
GAAP Reconciliations in millions Reconciliation of DD&A and amortization of excess cost of equity investments for DCF 2020 Reconciliation of income tax expense for DCF 2020 Depreciation, depletion and amortization (GAAP) (2,164) Income…
Reconciliations of KMI FCF & CO2 Segment FCF in millions a) Includes dividends paid for the preferred shares for the years ended 2016, 2017, and 2018. b) Includes sustaining and expansion capital expenditures. 38
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