Kinder Morgan, Inc. · NYSE:KMI
Kinder Morgan — Kinder Morgan Energy Partners — 2007 RBC MLP Conference
13 slides from Kinder Morgan's conference presentation, Nov 16, 2007
Slide 1: 2007 RBC MLP Conference
ENERGY PARTNERS, L.P. 2007 RBC MLP Conference November 16, 2007
Slide 2: Forward Looking Statements
ENERGY PARTNERS, L.P. Forward Looking Statements This presentation contains forward looking statements, including these, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Exchange Act of 1934, as amended. Forward looking statements are not guarantees
Slide 3: System Map
ENERGY PARTNERS, L.P. System Map Trans PRODUCTS PIPELINES Mountain PRODUCTS PIPELINES TERMINALS 2 Cochin TRANSMIX FACILITIES NATURAL GAS PIPELINES NATURAL GAS STORAGE 2 NATURAL GAS Pacific PROCESSING ROCKIES EXPRESS PIPELINE IN-SERVICE ROCKIES EXPRESS PIPELINE 2 KM LOUISIANA PIPELINE Trailblazer 3 M
Slide 4: Capital Structure
ENERGY PARTNERS, L.P. Capital Structure Kinder Morgan Energy Partners Market Equity (a) $12.5B Debt (b) 7.0B Enterprise Value $19.5B 2007E EBITDA (c) $2.0B 2007E DCF (c) $1.4B Additional Cash Incentive Shares Distribution Distribution KMR KMP (LLC) (Partnership) 72 million i-units 168 million units
Slide 5: Solid Asset Base Generates Stable Fee Income
ENERGY PARTNERS, L.P. Solid Asset Base Generates Stable Fee Income KMP CO2 2007 DCF Products Pipelines 28% CO2 transport and sales Profile (b) Refinery hub to population 72% oil production related center strategy Production hedged (a): 68% Pipelines Products 2007=85% ($35/Bbl) CO2 27% Associated Ter
Slide 6: Shifting Natural Gas Supply Sources
ENERGY PARTNERS, L.P. Shifting Natural Gas Supply Sources Natural Gas Supply % Production Volumes 2006 2010 Change Change Rockies Rockies Natural Gas (a) 8.2 10.6 2.4 29% Barnett Shale Natural Gas (b) 1.5 5.5 4.0 267% production Gulf Coast LNG Imports (a) 0.4 2.7 2.3 575% expected to increase 29% 20
Slide 7: Newbuild Natural Gas Pipelines
ENERGY PARTNERS, L.P. Newbuild Natural Gas Pipelines Wyoming Nebraska Indiana Ohio Illinois Colorado Kansas Missouri Oklahoma ROCKIES EXPRESS PIPELINE IN-SERVICE Mississippi ROCKIES EXPRESS PIPELINE Alabama MIDCONTINENT EXPRESS PIPELINE Texas Louisiana Texas KM LOUISIANA PIPELINE KM HEADQUARTERS Roc
Slide 8: Canadian Oilsands Expansion Opportunities
ENERGY PARTNERS, L.P. Canadian Oilsands Expansion Opportunities BRITISH Fort COLUMBIA McMurray WCSB Crude Production by Type (a) Prince 4 Rupert Prince ALBERTA Oilsands ‘15 Kitimat Condensate ‘06- George 3.5 Conventional Heavy C AGR s ~11% 1,100 MBbl/d Edmonton Conventional Light an d 400 MB 3 Oilsa
Slide 9: Increased Use of Heavy Crude
ENERGY PARTNERS, L.P. Increased Use of Heavy Crude North American Petcoke Production (a) 100 Rest of N. America 87 ‘1 R Crude supply is heavier, 5- G ‘0 C A (mm dry short tons) U.S. Gulf Coast 5 80 % more sour ~5 57 60 51 52 51 49 43 45 Heavier, sour crude 40 produces more residue 20 — Petcoke 0 200
Slide 10: Current Projects
ENERGY PARTNERS, L.P. Current Projects $6.5 Billion In Projects Over Next 4 Years Estimated Project Expected Project Cost ($mm) Completion Rockies Express $2,200 (a) 2007-2009 Midcontinent Express 625 (a) 2009 KM Louisiana Pipeline 517 2009 CALNEV expansion 425 2010 East Line expansion 155 2007 Tran
Slide 11: Risks
ENERGY PARTNERS, L.P. Risks Regulatory Pacific Products Pipeline FERC/CPUC case Periodic rate reviews Unexpected policy changes CO2 Crude Oil Production Volumes Construction Cost Overruns Environmental Terrorism Interest Rates Approximately 50% floating rate debt Budget assumes flat rates
Slide 12: Summary
ENERGY PARTNERS, L.P. Summary Stable Cash Flow Own assets core to energy infrastructure Internal Growth Opportunities Critical Mass Well-located assets/favorable demographics KMP/KMR: Fixed Cost Business 6-7% Yield Drop growth to bottom line and Unique Structure 8% Long-Term Tax Efficient
Slide 13: ENERGY PARTNERS, L.P.
KINDER’ “MORGAN ENERGY PARTNERS, L.P.
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