Kinder Morgan — Kinder Morgan Energy Partners — 2008 KMP Analyst Conference

6 slides from Kinder Morgan's conference presentation, Jan 24, 2008

Slide 1: Appendix
ENERGY PARTNERS, L.P. Appendix
Slide 2: Distribution of Quarterly Earnings
ENERGY PARTNERS, L.P. Distribution of Quarterly Earnings Q1 Q2 Q3 Q4 Year KMP Earnings (a) 2008E 31% 22% 21% 26% $2.05/unit 2007 20% 25% 25% 30% $1.74 2006 27% 25% 20% 28% $1.98 2005 28% 22% 25% 25% $2.37 2004 23% 23% 27% 27% $2.22 2003 25% 24% 25% 26% $1.98 2002 24% 24% 26% 26% $1.96 ______________
Slide 3: Explanation of Return Calculations
ENERGY PARTNERS, L.P. Explanation of Return Calculations Formula Notes Distributable Cash Flow Return on Investment = before Interest (a) Average Total Investment (b) Distributable Cash Flow Return on Equity = after Interest (c) Average Equity (d) __________________________ (a) For segments, distrib
Slide 4: Explanation of Return Calculations – Cont'd
ENERGY PARTNERS, L.P. Explanation of Return Calculations – Cont’d Formula Notes Calculation of Total Investment: Gross PP&E Investments Intangibles Plus: Cumulative Environmental Reserves Plus (Minus): Foreign Exchange Impact (a) Minus: Cumulative Sustaining Capex Assumed Liabilities Equals: Total I
Slide 5: GAAP Reconciliation
ENERGY PARTNERS, L.P. 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/. 5
Slide 6: ENERGY PARTNERS, L.P.
KINDER/MORGAN ENERGY PARTNERS, L.P.