Kinder Morgan, Inc. · NYSE:KMI
Kinder Morgan — Kinder Morgan 2013 Analyst Conference
8 slides from Kinder Morgan's conference presentation, Jan 30, 2013
Slide 1: Kinder Morgan Canada
Kinder Morgan Canada Ian Anderson President Kinder Morgan Canada
Slide 2: Trans Mountain Pipeline
Trans Mountain Pipeline Capacity Currently 300 MBbl/d Markets British Columbia Washington State refineries Westridge marine terminal – offshore markets in U.S. and Asia Regulation / Tolls National Energy Board regulated 2013 Toll Settlement pending 2
Slide 3: Express Platte
Express Platte Express - 280,000 Bbl/d • 119,000 Bbl/d Firm contracts thru Q1 2015 • Thruput has increased from <200,000 bpd to over 220,000 bpd • Excess capacity today • Canadian production will fill space over time • Primary route for Canadian production to PADD IV refiners Platte - 143,000 - 165,
Slide 4: Trans Mountain – DCF
Trans Mountain – DCF (millions $US) Actual Actual Actual Actual Budget 2009 2010 2011 2012 2013 Trans Mountain System contribution 147.4 156.9 169.3 193.3 168.5 Addback book tax 7.1 12.8 17.4 0.7 16.3 Less cash tax (3.1) 2.8 1.1 11.1 8.4 Trans Mountain System DCF 157.7 166.9 185.6 182.9 176.4 4
Slide 5: Market Fundamentals Support West Coast Expansion
Market Fundamentals Support West Coast Expansion Tight Pipeline Capacity 8,000 Thousand barrels per day 7,000 TM Expansion / Northern Gateway 6,000 5,000 Keystone XL Oil Sands Growth 4,000 3,000 Current Oil Sands 2,000 1,000 Conventional Heavy Conventional Light & Medium 0 Oil Sands Growth Source: 2
Slide 6: Trans Mountain Expansion (TMX)
Trans Mountain Expansion (TMX) Open Season Concluded – Commence Regulatory Steps Existing capacity: 300,000 Bbl/d Expansion to: 890,000 Bbl/d $5.4B (Projected Cost) — Firm Dock fees help fund development costs — Some cost overrun protection exists — 600 miles new pipe — Pump stations, tanks, n
Slide 7: Trans Mountain Expansion Schedule
Trans Mountain Expansion Schedule 7
Slide 8: Trans Mountain Expansion (TMX) Opportunities and Challenges
Trans Mountain Expansion (TMX) Opportunities Challenges Expanding Trans Mountain offers Some shippers challenging toll increased capacity offshore and to principles pipeline connected markets in Washington State Resistance to oil sands Lever off of existing infrastructure and right-of-way (n
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