Kinder Morgan, Inc. · NYSE:KMI
Kinder Morgan — Kinder Morgan 2015 Analyst Conference
18 slides from Kinder Morgan's conference presentation, Jan 28, 2015
Slide 1: Products Pipelines
Products Pipelines Ron McClain President Products Pipelines Group
Slide 2: Products Pipelines Assets
Products Pipelines Assets Miles of Pipe: ~9,400 Terminals: 56 Tank Capacity: Terminal ~ 34 MMBbls Pipelines ~ 16 MMBbls Transmix: 6 facilities with process capability of 32.5 MBbl/d Condensate Processing: Capability of 100 MBbl/d (under const.) 2014 Throughput: ~2.2 MMBbl/d 2
Slide 3: Financial Overview
Financial Overview Compound Annual Growth Rate = 17.5% ($ in millions) 2012 2013 2014 2015B Segment EBDA 702.6 783.8 859.6 1,113.7 Sustaining Capex(a) (47.8) (50.2) (44.3) (52.4) DCF 654.8 733.6 815.3 1,061.3 __________________________ Note: Excludes certain items. (a) Excludes corporate overhead. 3
Slide 4: 2014 Volumes / Markets
2014 Volumes / Markets Total refined product volumes up 6.0% vs. 2013 Gasoline up 6.7%, diesel up 6.4%, jet fuel up 2.5% West Coast Southeast — Pacific up 1.2% — Central Florida Pipeline up 0.9% • Arizona up 2.4%, Northern CA up 0.1% and Southern CA up • Gasoline up 2.9% 1.4% • Diesel up 3.6%
Slide 5: Expanding to Meet Customer Demand
Expanding to Meet Customer Demand Recently Completed Projects Project Description In-Service Cost ($MM) West Various Terminal Projects Includes biodiesel truck offloading, blending services, tank Throughout 2014 7.4 modifications and additive systems East Various Terminal Projects Includes additive
Slide 6: Kinder Morgan Crude & Condensate Pipeline / Double Eagle Pipeline
Kinder Morgan Crude & Condensate Pipeline / Double Eagle Pipeline Kinder Morgan Crude & Condensate (KMCC) 2014 Milestones Capacity 300 MBbl/d; Over 90% of capacity committed Sweeny Lateral (~27 mi of 12” pipe) placed Provides Eagle Ford producers access to Houston Ship Channel (Refineries, Exp
Slide 7: Kinder Morgan Condensate Processing Facility
Kinder Morgan Condensate Processing Facility Strategic Value Engineered for Eagle Ford production Supports volume demand for KMCC Integrated connectivity to refining, petchem, pipeline and marine facilities Facility Specifications $383MM Project Processing Unit and 1.9 MMBbls of new tankag
Slide 8: Cochin Pipeline Conversion and Expansion
Cochin Pipeline Conversion and Expansion Cochin Reversal - Completed Began delivery of light condensate to oil sands producers in Western Canada in July 2014 Supported by 85 MBbl/d shipper commitments for initial 10-yr term (~95 MBbl/d capacity) Receipt connections from Explorer Pipeline and T
Slide 9: Utopia Projects – Utopia East/Utopia West
Utopia Projects – Utopia East/Utopia West Ethane & Ethane/Propane Mix – Utopia East Construct new 240-mile, 12-inch pipeline from facilities in Harrison County, OH to existing Cochin pipeline in Fulton County, OH where product can then move via Cochin east to Windsor, Ontario, Canada (Utopia East)
Slide 10: Utica Marcellus Texas Pipeline (UMTP)
Utica Marcellus Texas Pipeline (UMTP) Station 219 Strategic Value Fully-integrated solution for growing NGL production in the Utica/Marcellus shale NGL pipeline utilizing TGP infrastructure to transport Y-grade from Utica/Marcellus shale to Mont Belvieu, TX Fractionation options in Mont Belvie
Slide 11: Palmetto Pipeline
Palmetto Pipeline Project Scope • Total project cost = $1,118 MM • Palmetto Pipeline – construction of new 360 mile, 20 and 16 inch pipeline with 167 kbpd capacity delivering to N Augusta SC, Savannah GA, Jacksonville FL • Plantation Expansion – modification of existing facilities and construction o
Slide 12: Expanding to Meet Customer Demand
Expanding to Meet Customer Demand Approved Near-Term Projects Project Description In-Service Cost ($MM) West Various Terminal Projects Includes various Air Force base upgrades, filtration systems and Varies 6.1 additive systems East KMST Projects Construction of new Savannah and Belton terminal in V
Slide 13: Historical Demand and 2015 EIA Outlook
Historical Demand and 2015 EIA Outlook EIA Demand Outlook U.S. Product Consumption 2013 2014 2015E MMBbl/d 10.0 Mogas 1.6% 1.1% 0.6% 9.0 Distillate 2.0% 4.6% 1.5% 8.0 Jet Fuel 2.3% 2.3% 0.4% 7.0 Total 1.8% 2.2% 0.8% 6.0 5.0 KM Growth 4.2% 4.0% 2.1% 4.0 3.0 FERC Tariff Index 2.0 1.0 • Applicable to i
Slide 14: Biofuels
Biofuels 2014 Renewable Fuels Standard still not Products Pipelines Biofuel finalized Volumes Handled (MMBbls) 2012 2013 2014 2015B Blending volumes remain strong on the west 34.4 41.1 44.1 45.5 coast as a result of the retroactive 2014 Biodiesel tax credit legislation and sharply increased RIN
Slide 15: Refined Products Segment Margin
Refined Products Segment Margin $MM Compound Annual Growth Rate = 11.5% $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $- 2011 2012 2013 2014 2015B Terminals/Other Refined Prod Interstate Refined Prod Intrastate NGL/Crude & Condensate 15
Slide 16: CPUC and FERC Rate Cases – Update
CPUC and FERC Rate Cases – Update SFPP - CPUC In a Decision effective on December 18, 2014, the CPUC unanimously adopted a global settlement between SFPP and its litigant Shippers that resolved 17 years of litigation and 18 pending rate and complaint cases (including the only pending Calnev case).
Slide 17: Summary Highlights
Summary Highlights Full year results from recently completed expansion projects and acquisitions Significant growth from identified opportunities currently under development — Continued development of Eagle Ford assets — Completion of condensate processing facility and further expansion — Develo
Slide 18: Kinder Morgan
KINDERJMORGAN
Kinder Morgan — Kinder Morgan 2015 Analyst Conference on 6ix