KMI: Unparalleled Asset Footprint Largest Energy Infrastructure Company in North America 3rd largest energy company in N. America with an enterprise value of 130 billion Largest natural gas network in N. America Own an interest in /…
KMI Acquisition of KMP, KMR & EPB Simplicity is Bliss Value enhancing combination paves way for enhanced growth and simplifies structure 77 billion transaction closed November 26, 2014 New, simplified, investment grade public c-corp…
Our Strategy Stay the Course Same Strategy Since Inception Focus on stable fee-based assets that are core to North American energy infrastructure Market leader in each of our business segments Maintaining strong balance sheet is…
18 Years of Stable Growth Strategy Has Led to Consistent, Growing Results KMP Annual LP Distribution per Unit(a) KMI Annual Dividend per Share(c) 6.00 5.58 2.50 5.33 4.98 2.00 5.00 4.61 2.00 4.40 4.20 1.74 4.02 1.57 4.00…
Natural Gas Pipelines Segment Outlook Well-positioned connecting key natural gas resource plays with major demand centers Project Backlog: 4.6 billion of identified growth projects over next seven years(a), including: LNG…
Natural Gas Megatrend Strong Natural Gas Footprint & Market Opportunity Set U.S. Natural Gas Projected Supply & Demand(a) Real- time, Long-term Benefits of Footprint Demand (Bcf/d) 2015 2020 2025 LNG exports 0.0 7.3 10.8 Natural…
Products Pipelines Segment Outlook Opportunities for growth from increased liquids production Project Backlog: 1.9 billion of identified growth projects over next two years(a), including: UTOPIA Eagle Ford condensate processing…
Terminals Segment Outlook Well-located in refinery / port hubs and inland waterways Project Backlog: 2.1 billion of identified growth projects over next five years(a), including: BOSTCO Phase 3 Alberta crude by rail projects…
CO2 Segment Outlook Own and operate best source of CO2 for EOR(a) Project Backlog: Identified growth projects totaling 1.8 billion and 1.8 billion in S&T and EOR, respectively, over next five years(b), including: S&T Southwest…
Kinder Morgan Canada Segment Outlook Sole oil pipeline from Oilsands to West Coast / export markets Project Backlog: 5.4 billion expansion of Trans Mountain Pipeline (TMEP) Long-term Growth Drivers: Expand Oilsands export capacity…
Energy Toll Road Diversified, Fee-based Business Model Natural Gas Products Kinder Morgan Terminals CO2 Pipelines Pipelines Canada Interstate & LNG: take or pay Intrastate: 75% take or pay(a) Take or pay, minimum S&T: primarily…
Set to Weather the Storm Low commodity price sensitivity KMI Bond Trading Since Oil was last 90(b) 2015 budgeted EBDA is 85% fee-based, 94% fee- October 6, 2014 February 20, 2015 Change based or hedged KMI 24s UST+189bps UST+161bps…
Insulated from Market Headwinds Best-in-class scale and diversified cash flow Limited commodity price exposure Significant positions across multiple energy infrastructure industries with diverse market dynamics Investment grade…
2015 Budgeted Segment Profile 2015 Budgeted Segment Natural Gas Pipelines EBDA = 8.2 billion(a) 71% interstate pipelines 21% gathering, processing & treating 8% intrastate pipelines & storage CO2 S&T Products Pipelines CO2 Oil 61%…
2015 Budget Guidance Supported by Diversified, Fee-based Cash Flow 2015 Budget Commodity Price Sensitivity Growth capex of 4.4 billion in expansions 2015 budgeted cash coverage over declared (including JV contributions) and small…
Strong Balance Sheet and Liquidity Profile(a) Commitment to investment grade ratings: Baa3 / BBB- / BBB- (stable / stable / stable) Targeted Net Debt / EBITDA range of 5.0x to 5.5x Expect to be on the lower end of this range at latter…
5-year Project Backlog(a) Nearly 18 Billion of Currently Identified Organic Growth Projects Tremendous footprint provides 17.6B of currently identified growth projects over next 5 years 5-year Growth Capex Backlog (B) 2015 2016…
Business Risks Regulatory Products Pipeline FERC rate cases Natural Gas FERC rate cases Legislative and regulatory changes Crude oil production volumes Commodity prices Project cost overruns / in-service delays Economically…
KMI: Key Investment Highlights Industry Leader KMI is the third largest Energy company in North America and the largest Energy Infrastructure company Operates primarily as a Toll Road with stable, fee-based cash flows and limited…
Appendix
Cross-Guarantee Overview Purpose of cross-guarantees is to achieve a single senior unsecured credit class throughout Kinder Morgan and eliminate structural subordination Cross-guarantees are necessary because it is not possible to move…
2015 Financing Plan & Growth Capital Budgets ( in millions) Financing Plan Budget Growth Capital Budget(b) 2015 CO2 S&T Budget Equity 1,400 16% CO2 Oil Debt Production Natural Gas 12% 46% Pipelines Long-term debt issuance…
Access to Capital Issued 45.6 billion of capital in public markets since inception in 1997(a) 23.4 billion in equity raised(a) 22.2 billion in long-term debt (41.6 billion net of refinancing)(a) Accessed in difficult markets Sep01…
Capital Invested 48 Billion of Asset Investment & Acquisitions Since Inception(a,b) ( in billions) Total Invested by Type Total Invested by Year 30 25.7 11 25 21.8 Expansion 10.1 20 10 Acquisition 15 9 10 8 5 7 (b) - 6.6…
Incidents & Releases Liquids Pipeline Right-of-way Liquids Pipeline Incidents per 1,000 Miles(a) Liquids Pipeline Release Rate(a) 0.8 50 Barrels per billion barrel miles Incidents per 1,000 Miles 40 0.6 30 0.4 20…
Incidents & Releases Natural Gas Pipeline Right-of-way Natural Gas Pipeline Incidents Rate Natural Gas Pipeline Incidents Rate All Reportable Incidents(a) Onshore Ruptures-only(c) 0.8 0.8 Incidents per 1,000 Miles Incidents…
Employee Safety Statistics(a) KMI Lost-time Incident Rate (DART) OSHA Recordable Incident Rate Lost-time injuries per 200k hours worked 6 7 5.20 6.35 6 OSHA Recordable Incidents per 5 5.70 5 200k Hours Worked 4 4…
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