Kinder Morgan, Inc. · NYSE:KMI

Kinder Morgan — 2005 Analyst Conference

10 slides from Kinder Morgan's conference presentation, Jan 25, 2005

1. Slide 1: Appendix

   KINDER’ MORGAN Appendix

2. Slide 2: KMP Debt Outstanding

   KMP Debt Outstanding ($ in thousands) Swapped Description Maturity Amount Amount Senior Notes 8.00% Senior Notes 3/15/2005 $200,000 $200,000 5.35% Senior Notes 8/15/2007 250,000 200,000 6.30% Senior Notes 2/1/2009 250,000 250,000 7.50% Senior Notes 11/1/2010 250,000 6.75% Senior Notes 3/15/2011 700,

3. Slide 3: KMP Debt Outstanding

   KMP Debt Outstanding ($ in thousands) Swapped Description Maturity Amount Amount IMT Floating Rate Note 3/15/2006 40,000 Central FL 7.84% Senior Notes 7/23/2008 20,000 Global Floating Rate Notes 1/01/2010 5,325 Cora Hamilton 6.00% Note 4/21/2015 237 SFPP McRae Note 7.00% 8/6/2017 86 Perth Amboy Floa

4. Slide 4: KMP 10-Year Debt Maturity Schedule

   KMP 10-Year Debt Maturity Schedule ($mm) $700 $700 $600 $500 $500 $500 $450 $400 $300 $255 $250 $250 $205 $200 $100 $45 $5 $0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 4

5. Slide 5: KMI Debt Outstanding

   KMI Debt Outstanding ($ in thousands) Swapped Description Maturity Amount Amount KMI 6.65% Senior Note 3/1/2005 $500,000 KMI 6.80% Senior Note 3/1/2008 300,000 KMI 6.50% Senior Note 9/1/2012 1,000,000 1,000,000 KMI 6.50% Debentures 9/1/2013 45,000 KMI 7.35% Debentures 8/1/2026 125,000 KMI 6.67% Debe

6. Slide 6: KMI 10-Year Debt Maturity Schedule

   KMI 10-Year Debt Maturity Schedule ($mm) $1,200 $1,000 $1,005 $800 $600 $505 $400 $305 $200 $0 $5 $5 $5 $5 $5 $5 $0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 6

7. Slide 7: Explanation of Return Calculations

   Explanation of Return Calculations Formula Notes Return on Investment = Cash Return (a) Average Total Investment (b) Return on Equity = Income Average Equity (c) (a) G&A is deducted in calculating overall company return on investment, but is not allocated to the segments and therefore not deducted i

8. Slide 8: Explanation of Return Calculations

   Explanation of Return Calculations Cash Return Total Investment Net Income Gross PP&E Add: Taxes (KMI) Add: Investments DD&A Intangibles Interest Expense/TRUPS Minority Interest (KMP) Less: Sustaining Cap Ex Less: Cumulative Sustaining Cap Ex G&A (Segments Only) Minority Interest (KMI) Deferred Taxe

9. Slide 9: GAAP Reconciliation

   GAAP Reconciliation ™ Detailed calculations reconciling the non-GAAP terms in this presentation to GAAP are available on our website at: http://www.kindermorgan.com/investor/presentations/ 9

10. Slide 10: Kinder Morgan

    KINDER’ MORGAN

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