Terminals John Schlosser President Terminals Group
Terminal Network Largest Independent Terminal Operator in North America KM Terminal Facilities Bulk 78 Terminals* Liquids 39 Terminals* Transload 8 Transload Operations* Total KMT 125 KMPP 56 Liquid Terminals Grand Total 181…
Historical Growth ( in thousands) 2012 2013 2014 2015 Actual Actual Actual Budget (e) Earnings before DD&A (a) 752,303 797,875 978,842 1,173,761 Revenue (net) 1,343,294 1,388,319 1,689,930 1,897,334 Opex 587,713 576,822 681,381…
Bulk Tonnage Variance to Budget Actual Budget Amt % 2014 2015 Coal 29,349,314 29,910,892 561,578 1.9% Ores/Metals (Bulk & Break-Bulk) 20,113,362 19,780,017 18,348 0.1% Petcoke 12,268,075 13,724,320 1,456,245 11.9% Soda Ash…
Liquids Throughput Variance to Budget Actual Budget Amt % 2014 2015 Gasoline 332,909,289 391,233,812 58,324,523 17.5% Petroleum Feedstocks* 95,533,246 324,496,022 228,962,776 239.7% Distillate 131,124,818 109,805,804…
Major Projects Backlog Modeled Capacity* Capital First Full Expected Avg. Contract Project Name Product (MMBBLS) (MM) Year EBITDA In Service Length** Galena Park Tank Project Refined Products 1.2 123.8 Q3/14 - Q4/15 8 Edmonton Rail…
Major Projects Placed In-Service in 2014 Modeled First Full Capacity* Capital Year Expected Avg. Contract Project Name Product (MMBBLS) (MM) EBITDA** In Service Length*** Edmonton Tank Expansion Phase I Crude 3.4 290.4 Q4/13 - Q1/14…
Resource Cascade KM Terminals Terminals Growth Opportunities Driven from North American Resource Development Customers and services across multiple industry segments, commodities and North American markets Complementary investments…
Terminals Segment in a Lower Oil Price World Risk Assessment Opportunity Assessment Terminals Performance Largely Insulated from Terminals Growth Opportunities May Improve Lower Crude Oil Prices with Lower Crude Oil Prices No direct…
Crude
Crude Fundamentals Continued need to connect crude oil production growth with refining markets Logistics will play an increasingly important role as producers look to maximize wellhead netbacks Expected development of both U.S. shale…
Kinder Morgan Response Edmonton, Alberta 2014 Completed 2015 Development Edmonton Tank Expansion Phase 1 Edmonton Rail Terminal - Added 3.4MM BBLs of storage capacity - 50% KM / 50% Imperial JV - Capex: 290.4MM - 210,000 bpd crude by…
Deeprock Terminal Cushing, Oklahoma 2014 Completed 2015 Development Deeprock Pony Express Growing our capabilities alongside our - 51% KM / 29% Deeprock / 20% Tallgrass Partners and customers - 1.5 MM BBL, 6-tank expansion - Onsite…
Edmonton, AB Terminals managing 1.2 billion in new capital in Alberta terminaling and rail services Planned and past major projects since 2008 (KM Capex millions) Alberta Crude Terminal North 40 Tank 50:50 JV with Keyera…
Jones Act Tankers 7 Modern Tankers in Service and 5 under Construction Current Fleet: 3-years average remaining contract, 4-years with renewals Vessel Delivery 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Golden State…
Jones Act Tankers Inelastic Jones Act Tanker supply with low-cost Kinder Morgan fleet - Limited U.S. shipbuilding capacity - Kinder Morgan with low-cost Jones Act fleet Only 2-shipyards with demonstrated abilities: Aker and NASCCO…
Refined Product
Refining Fundamentals U.S. Refining Capacity Arguably Most Competitive Globally Lower crude prices favor refining with gasoline and distillate demand growth Continued need for export infrastructure and investments to run more domestic…
Kinder Morgan Response Refined Products Terminaling 2014 Completed 2015 Development BOSTCO Phase 1 Galena Park Tank Project - 55% KM / 42.5% TransMontaigne/ 2.5% Other - Adds 1.2MM BBLs of storage capacity - Added 6.2MM BBLs of…
KM Ship Channel Summary(a) Houston Ship Channel Tanks(b) Number Capacity, million bbls Docks 418 43 Ship docks 12 Barge docks 12 Barge berths 32 Managing over 2.0 billion in KM capital across multiple customers and businesses…
Ethanol Fundamentals Domestic Ethanol Demand Growth Constrained by Ethanol Blend Wall Ethanol currently comprises 10% of total U.S. gasoline demand RFS2 mandates are untenable with EPA delaying 2014 standards to 2015 Actual Estimated…
Chemicals
Chemicals Fundamentals Significant Shift in U.S. Basic Chemicals to Low Cost Producer Economics Rivaling Middle East Lower crude prices have lowered competitive advantages and flattened the supply curve Increasing needs for capital…
Kinder Morgan Response Chemical Services Leveraging Kinder Morgans bulk and liquid terminals competencies as well as pipeline, rail and marine transportation Terminals 27 Terminals with Chemicals Storage Over 11.0 million barrels of…
Coal
Coal Fundamentals Domestic Coal Export Markets Remain Challenged Export volumes have deteriorated from record highs due to globally competitive supply Coal is the fastest growing fuel globally and will remain the largest source of power…
Kinder Morgan Response Coal Export Terminals 2014 Completed International Marine Terminals Ph.3 Deepwater Coal Handling - Added 3.3 MM tons of throughput capacity - Added 10 MM tons of throughput capacity - Capex: 64.0MM - Capex:…
Deepwater Terminal Kinder Morgan Terminals with multiple business offerings at our Deepwater terminal Leveraging footprint to extend customer-base, services to drive growth, and respond to market demands Petcoke / SIT Coke - 2006 SIT…
Summary Expected EBDDA growth 2015 19.9% - another record year Its the footprint largest North American Network = significant capital investment opportunities Growth driven by: 2.1 Billion in Project Backlog after rolling off 1.3B…
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