Kinder Morgan, Inc. · NYSE:KMI
Kinder Morgan — Morgan Stanley Calgary Energy Summit 2014
19 slides from Kinder Morgan's conference presentation, Mar 12, 2014
Slide 1: Morgan Stanley Calgary Energy Summit
Morgan Stanley Calgary Energy Summit March 12, 2014 Ian D. Anderson President
Slide 2: Forward-Looking Statements / Non-GAAP Financial Measures
Forward-Looking Statements / Non-GAAP Financial Measures This presentation contains forward-looking statements. These forward-looking statements are identified as any statement that does not relate strictly to historical or current facts. In particular, statements, express or implied, concerning fut
Slide 3: Kinder Morgan Asset Footprint
Kinder Morgan Asset Footprint 3rd largest energy company in North America with combined enterprise value of approximately $105 billion (a) Largest natural gas network in North America • Own an interest in / operate ~68,000 miles of natural gas pipeline • Connected to every important U.S. natural
Slide 4: KMP's Diversified Cash Flow
KMP’s Diversified Cash Flow Natural Gas Pipelines 2014E KMP Segment – 53% interstate pipelines Earnings before DD&A – 34% gathering, processing & treating = $6.4 billion (a) – 13% intrastate pipelines & storage Products Pipelines CO2 S&T – 58% pipelines – 42% associated terminals & transmix Natural
Slide 5: Kinder Morgan Canada Assets
Kinder Morgan Canada Assets 5
Slide 6: TMPL Throughput 2013
TMPL Throughput 2013 Refined Products Light Crude Heavy Crude Synthetic Crude 18% 18% Trans Mountain Pipeline Throughput by Product Type 23% 41% 4% 12 kbpd 26% 72 kbpd 49% Trans Mountain Pipeline 135 kbpd Throughput by Destination 21% 58 kbpd Puget Sound Westridge Burnaby Kamloops 6
Slide 7: Trans Mountain Markets and History
Trans Mountain Markets Trans Mountain History 400,000 350,000 300,000 Offshore Barrels per day 250,000 200,000 Washington State 150,000 100,000 British Columbia 50,000 - 1953 1955 1957 1959 1961 1963 1965 1967 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003
Slide 8: Market Fundamentals Support West Coast Expansion
Market Fundamentals Support West Coast Expansion Tight Pipeline Capacity Increasing US Crude Production – Lower Imports 8,000 10 12 Thousand barrels per day Production, Million barrels per day 7,000 9 Imports, Million barrels per day TM Expansion / Northern Gateway / Energy East Net Crude Oil Import
Slide 9: Trans Mountain Expansion Project
Trans Mountain Expansion Project Based on long term commitments from 13 shippers. Expansion to increase capacity to 890,000 barrels per day Projected capital cost is $5.4 billion A dual-line operation – twinned pipeline with: – Existing line for lighter products – The proposed new line for hea
Slide 10: Trans Mountain Expansion Projected Timeline
Trans Mountain Expansion Projected Timeline Expansion Intervenor Evidence NEB & Federal Application Filed Info. Requests Government Construction w/NEB Dec. 16, Supplemental Ruling 2013 Filings NEB Final Completeness Expansion In NEB Public Engineering, Determination & Service @ Hearing Procurement,
Slide 11: Westridge Marine Terminal
Westridge Marine Terminal • Typically 21% of product shipped on pipeline, is transferred at dock; could increase to 50% • Marine traffic • Current = less than 2% of ALL marine traffic in Burrard Inlet • Expansion = approximately 7% of marine traffic in Burrard Inlet • Will use same-sized classes of
Slide 12: Economic Benefits
Economic Benefits 12 All figures based on project plans as of November 2013
Slide 13: Benefits to Governments
Benefits to Governments 13 All figures based on project plans as of November 2013
Slide 14: Project Workforce
Project Workforce 2016 2017 5,000 4,500 4,000 Environmental Docks 3,500 Pipeline Pump Stns 3,000 Tanks 2,500 2,000 1,500 1,000 500 0 14 All figures based on project plans as of November 2013
Slide 15: Market Access Considerations
Market Access Considerations 1. Pipeline Performance – Safety, integrity 2. Commercial Support – Long term, Secure – Publicly Supportive 3. Political Support – Federal processes and obligations – Provincial Conditions – Municipal Engagement 4. Regulatory Process – Efficient and transparent – Inclusi
Slide 16: Vancouver Wharves Terminal
Vancouver Wharves Terminal Vancouver Wharves Terminal – Vancouver, BC Acquired by KM in 2007 under 40 year operating lease from BC Government Handles copper, lead, & zinc concentrates; sulphur, agricultural products; diesel/jet fuel Four ship berths, Panamax capable and 300 rail car spots Co
Slide 17: Edmonton Terminal
Edmonton Terminal Kinder Morgan’s Edmonton Terminal: • Trans Mountain Operational Tanks 2.8 MM Bbls • North 40 Merchant – 9 Tanks 2.1 MM Bbls • Edmonton Merchant Phase 1 – 9 Tanks 3.4 MM Bbls • (In Service) Edmonton Merchant Phase 2 – 6 Tanks 1.7 MM Bbls (In Service Q3/Q4 2014) Total Capacity: 10.0
Slide 18: Edmonton Rail Terminals
Edmonton Rail Terminals Alberta Crude Terminal: • 50 / 50 Joint Venture with Keyera • CN and CP direct served • 30,000 – 40,000 bbls/day • Crude originates from KM’s N40 Terminal • In service schedule Q3, 2014 Edmonton Rail Terminal: • 50 / 50 Joint Venture with Imperial Oil • Unit train facility •
Slide 19: Kinder Morgan Canada
M. fi r Co KINDER/MORGAN CANADA
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