Kinder Morgan, Inc. · NYSE:KMI
Kinder Morgan — Kinder Morgan 2011 Analyst Conference
8 slides from Kinder Morgan's conference presentation, Mar 24, 2011
Slide 1: Appendix
KINDER/MORGAN Appendix
Slide 2: KMP Quarterly Earnings / DCF Profile
KMP Quarterly Earnings / DCF Profile (a) Q1 Q2 Q3 Q4 Year KMP Earnings 2011E 23% 17% 23% 37% $1.85/unit 2010 29% 24% 16% 31% $1.47/unit KMP DCF 2011E 25% 20% 24% 31% $4.72/unit 2010 27% 24% 23% 26% $4.43/unit __________________________ (a) Excluding certain items 2
Slide 3: Cost of Capital Calculation
Cost of Capital Calculation LP Current KMP Equity Distribution Unit Price Current KMP Yield $4.52 ÷ $73.65 6.1% GP Gross-up ÷ 56% Cost of Equity = 11.0% Equity % of Capital Structure x 50% Equity Component of Cost of Capital = 5.5% % of Interest Overall Rate Debt Debt Short-term Floating Rate 3.0% X
Slide 4: Explanation of Return Calculations
Explanation of Return Calculations Formula Notes Segment Segment Distributable Cash Flow Return on Investment = before Certain Items (a) Average Total Investment (c) KMP KMP Distributable Cash Flow Return on Investment = before Certain Items (b) Average Total Investment (c) Distributable Cash Flow R
Slide 5: Explanation of Return Calculations – Cont'd
Explanation of Return Calculations – Cont’d Formula Notes Gross PP&E Investments (a) Calculation of Goodwill Total Investment: Gross intangibles (excluding amortization) Plus: Asset write-offs / retirements Cumulative environmental reserves Legal reserves / expenditures (b) Cumulative cash spent on
Slide 6: CO2 Asset Summary
CO2 Asset Summary KMP Remaining CO2 Reserves Interest Location Deliverability Operator McElmo Dome 45% SW Colorado 18+ years KMP Doe Canyon 87% SW Colorado 18+ years KMP Bravo Dome 11% NE New Mexico 9+ years Oxy KMP Capacity Pipelines Interest Location (MMcf/d) Operator McElmo Dome to Cortez 50% Den
Slide 7: GAAP Reconciliation
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/ 7
Slide 8: Investor Relations Contacts
Investor Relations Contacts Phone E-mail Institutional Investors / Sell-side Analysts David Kinder VP, Corporate Development & Treasurer (713) 369-9469 david_kinder@kindermorgan.com Peter Staples Treasury & Investor Relations Manager (713) 369-9221 peter_staples@kindermorgan.com Retail Investors / B
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