Kinder Morgan, Inc. · NYSE:KMI

Kinder Morgan — Kinder Morgan 2012 Analyst Conference

8 slides from Kinder Morgan's conference presentation, Jan 25, 2012

  1. Slide 1: Kinder Morgan Canada

    *Information contained in this presentation is dated as of 1/25/2012. For current project scope and information on the Trans Mountain Pipeline expansion project, please see www.transmountain.com Kinder Morgan Canada Ian Anderson President Kinder Morgan Canada Group January 25, 2012

  2. 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  2012 Toll Settlement pending NEB approval  New 54 MBbl/d long- term

  3. Slide 3: Express Platte

    Express Platte Express - 280,000 Bbl/d • 231,000 Bbl/d Firm contracts thru 2012-15 • Excess capacity today • Canadian production will fill space over time • Primary route for Canadian production to PADD IV refiners Platte - 143,000 - 165,000 Bbl/d • Platte is full - Canadian & local US barrels compe

  4. Slide 4: Kinder Morgan Canada – DCF

    Kinder Morgan Canada – DCF (a) (millions $US) Actual Actual Actual Budget 2009 2010 2011 2012 Trans Mountain System $147.4 $156.9 $169.3 $169.4 (distributable cash flow) Express System 14.6 13.3 13.7 13.6 (cash distributions) $ 162.0 $ 170.2 $ 183.0 $ 183.0 __________________________ (a) CAD to USD

  5. Slide 5: Trans Mountain Expansion (TMX)

    Trans Mountain Expansion (TMX) Open Season underway - expansion opens new markets and reduces landlocked discounts  Potential customers include producers, Westcoast refiners, offshore buyers — Existing capacity: 300,000 Bbl/d — Expansion to: 600,000 Bbl/d, seeking 450,000 - 500,000 Bbl/d contracts,

  6. Slide 6: Trans Mountain Expansion (TMX) timeline

    Trans Mountain Expansion (TMX) Pre Application 1.5 years Commercial Approvals Application 1.5 years Construction 2 years 2012 2013 2014 2015 2016 2017 6

  7. Slide 7: Trans Mountain Expansion (TMX) opportunities and challenges

    Trans Mountain Expansion (TMX) Opportunities Challenges  Expanding Trans Mountain  Shippers: significant long-term offers increased capacity pipeline commitment offshore and to pipeline connected markets in  Resistance to oil sands Washington State production links to pipeline  Lever off of exis

  8. Slide 8: Kinder Morgan

    KINDER/MORGAN

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