Kinder Morgan, Inc. · NYSE:KMI
Kinder Morgan — Kinder Morgan 2011 Analysts Conference
12 slides from Kinder Morgan's conference presentation, Apr 8, 2011
Slide 1: Kinder Morgan Canada
Kinder Morgan Canada Ian Anderson President Kinder Morgan Canada Group
Slide 2: Trans Mountain Pipeline
Trans Mountain Pipeline Capacity Currently 300 MBbl/d, fully- looped potential 700 MBbl/d Markets British Columbia Washington State refineries Westridge marine terminal – offshore markets in U.S. and China Regulation / Tolls National Energy Board- regulated New 2011 Toll Settlement pendi
Slide 3: Express – Platte Pipeline System
Express – Platte Pipeline System KM is system operator, 1/3 owner Express – 280 MBbl/d 231 MBbl/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 – 143-165 MBbl/d Platte is full
Slide 4: Kinder Morgan Canada – Growth
Kinder Morgan Canada – Growth (millions $US) 2009 2010 2011B Trans Mountain System (distributable cash flow) $147.4 $156.9 $166.2 Express System (cash distributions) 14.6 13.3 13.5 $162.0 $170.2 $179.7 4
Slide 5: Trans Mountain Expansion (TMX)
Trans Mountain Expansion (TMX) Current Capacity 300,000 Bbl/d B.C. & Washington State 225,000 Offshore (90% California) 75,000 Expansion Alternatives TMX-2 (+$1.5B) +80,000 to 380,000 Bbl/d TMX-3 less power (+$2.0B) +160,000 to 540,000 TMX-3 (+$0.5B) +160,000 to 700,000 — B.C. & Washington
Slide 6: Trans Mountain Pipeline Advantages to Westcoast
Trans Mountain Pipeline Advantages to Westcoast TMX on existing ROW — Northern Gateway is greenfield Enbridge Gateway Proposal TMX is phased to meet demand — Northern Gateway is single project TMX thru existing communities, First Nations and Port Trans Mountain: — Northern Gateway thru new Exp
Slide 7: Production – Pipeline Capacity – Spreads
Production – Pipeline Capacity – Spreads Canadian Crude Production & Capacity (MBbl/d) 5,000 Canadian producers have 4,000 Pipeline Capacity excess pipeline capacity to the U.S. 3,000 Trans Mountain can be 2,000 Oil Sands expanded in stages to access growing demand offshore in 1,000 China Conven
Slide 8: Port Metro Vancouver Tanker Movements
Port Metro Vancouver Tanker Movements Annual Exports (Bbl/d) 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 - 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 Historical Monthly Record, April 2010: 143,000 Bbl/d 8
Slide 9: Trans Mountain Westridge Terminal Expansion
Trans Mountain Westridge Terminal Expansion Today: Aframax tanker capacity, 650,000 Bbls Future: Suezmax tanker capacity, 1,000,000 Bbls, savings $1.50/Bbl Expand to 450,000 Bbl/d (dock capacity) – 2 berths Port Metro Vancouver supportive of expansion Widen channel by dredging Port Suezm
Slide 10: Port Metro Vancouver Overall Traffic
Port Metro Vancouver Overall Traffic Established operations support a wide range of ship transport including crude tankers Crude represents a small fraction of total port traffic Petroleum products also move thru port Port has more than enough capacity to handle pipeline expansion Vessel Tra
Slide 11: Firm Service Offering to Dock
Firm Service Offering to Dock Binding open season held in 2010 — Over-subscribed — Average dock bid of $1.49/Bbl — 54 MBbl/d contracted for 10 yrs — Shippers pay base toll and firm fee as take or pay Firm service application filed with NEB November 2010 Shipments to begin late 2011 pending app
Slide 12: Kinder Morgan
KINDER/MORGAN
Kinder Morgan — Kinder Morgan 2011 Analysts Conference on 6ix