Kinder Morgan (KMI) Investor Presentation - Slideshow

Company Strategy and Financial Highlights - Kinder Morgan aims to maximize asset value for shareholders through stable, fee-based assets and disciplined capital allocation[14, 15] - The company expects a 4.3x Net Debt / Adjusted EBITDA ratio by the end of 2022[15] - Kinder Morgan has reduced net debt by approximately $12 billion since the first quarter of 2015[15] - The company budgeted a 3% dividend increase for 2022 and has a $2 billion share buyback program with over $1.4 billion remaining[20] - The 2022 budget includes $7.2 billion in Adjusted EBITDA, a year-over-year increase of over $300 million after normalizing for a one-time benefit in 2021[20] Business Operations and Market Position - Kinder Morgan operates the largest natural gas transmission network with approximately 71,000 miles of pipelines and 700 billion cubic feet (bcf) of working storage capacity[11] - The company transports approximately 1.7 million barrels per day (mmbbld) of refined products through approximately 6,800 miles of pipelines[11] - Kinder Morgan has a committed capital project backlog of $1.4 billion as of December 31, 2021, with approximately 70% allocated to low-carbon investments[15, 29, 33] Energy Transition and Future Outlook - The company is investing in a low-carbon future, with approximately 70% of its $1.4 billion backlog allocated to low-carbon investments[15, 29, 33] - Kinder Morgan anticipates 4 bcf of Renewable Natural Gas (RNG) production capacity by early 2023[11] - The company is reducing CO2 emissions on the Houston Ship Channel, expecting a reduction of approximately 34,000 metric tonnes CO2e per year, or approximately 38% from 2019 levels, through Vapor Recovery Units[114]