Kinder Morgan, Inc. · NYSE:KMI
Kinder Morgan — Kinder Morgan Energy Partners — Merger or Acquisition (November 2000)
10 slides from Kinder Morgan's merger presentation, Nov 30, 2000
Slide 1: KMP GATX Acquisition
KMP GATX Acquisition November 30, 2000 Forward looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. The future results and securities values of Kinder Morgan Inc. and Kinder Morgan Energy Partners, L.P. (collectively known as “Kinder Morgan”) may d
Slide 2: Table of Contents
1 Table of Contents I. GATX Acquisition Overview II. GATX Pipeline Overview – CALNEV – CFPL III. Terminal Overview
Slide 3: GATX - Acquisition Overview
2 GATX - Acquisition Overview KMP will pay approximately $1.15Bn in cash and assumed debt: – CALNEV Pipeline – Central Florida Pipeline – 12 Petroleum products and chemical terminals Price is approximately 7.5x expected 2001 EBITDA
Slide 4: GATX - Acquisition Overview
3 GATX - Acquisition Overview Asset Contribution Breakdown (1) : EBITDA Contribution by Asset: Other Terminals Carson CALNEV(CA, NV) 26 % CFPL (FL) 16 % Pasadena (TX) 21 % CALNEV Carteret (NY) 14 % Galena Park Galena Park (TX) 9% Carson (CA) 9% Other Terminals 5% Carteret CFPL Total 100% Pasadena (1
Slide 5: GATX - Pipeline Overview
4 GATX - Pipeline Overview GATX Pipelines serve high growth markets in Nevada and Florida Fastest Growing States 1995 - 2025 (1) CALNEV Pipeline – CALNEV is a fee-based pipeline CA 56 % serving the attractive Las Vegas market, receiving product from Kinder NM 55 % Morgan’s Pacific System at Colton,
Slide 6: GATX - CALNEV Pipeline Overview
5 GATX - CALNEV Pipeline Overview CALNEV Operating Statistics Pipes: 14-Inch 8-Inch 6-Inch Origin: Colton, CA Colton, CA George AFB Terminus: Las Vegas Las Vegas Edwards AFB Length (miles): 247 247 56 MAOP (psig): 1,660 1,570 700 Products: Gasoline, Jet-A JP-8 Diesel, JP8 1999 Throughput (MBbls): 32
Slide 7: GATX - Central Florida Pipeline Overview
6 GATX - Central Florida Pipeline Overview Central Florida Pipeline Operating Statistics Pipes: 16-Inch 10-Inch Origin: Tampa Tampa Terminus: Orlando Orlando Length (miles): 110 85 MAOP (psig): 1,440 1,440 Products: Gasoline Jet Fuel/Diesel 1999 Throughput (MBbls): 20,260 10,700 Terminals: Terminal
Slide 8: GATX - Terminal Overview
7 GATX - Terminal Overview GATX Terminals makes KMP the second largest independent petroleum storage company in the U.S. and the second largest chemical storage company in the U.S. based on capacity U.S. Terminals consist of 12 terminals with 35.6 MMBbls of capacity for the storage of both petroleum
Slide 9: GATX - Terminal Overview
8 GATX - Terminal Overview GATX Terminals have a high quality revenue base Customer Contract Term by Segment (1) Chemical Petroleum Overall 20% 35% 37% 15% 36% 34% 31% 44% 48% 1 year or less 1 to 5 years Over 5 years (1) As of 12/31/99
Slide 10: GATX - Acquisition Overview
9 GATX - Acquisition Overview U.S. Terminal Locations Operating Statistics Terminal Facilities: 12 Tanks: 1,271 Capacity: 35.6 MMBbls Terminal: Capacity (bbls) KMP Synergies Portland Pasadena (TX) 12,336,500 none Seattle Carteret (NY) 6,647,852 none Portland Carson (CA) 4,600,000 Connects to Pacific
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