A Compelling Investment Opportunity slide image

A Compelling Investment Opportunity

KMI: A Compelling Investment Opportunity Strategically-positioned assets generating substantial cash flow with attractive investment opportunities Pacific Ruby KM Midstream Double H Cochin KINDER MORGAN ~90% take-or-pay or fee-based earnings (a) ~$8 billion 2019B Adjusted EBITDA(b) 5% current dividend yield Northern Calnev Mojave EPNG TCGT WIC CIG CP NGPL Cortez KM Midstream FEP Utopia TGP Plantation Elba Express ► 25% dividend increase in 2020 SNG SLNG Pacific MEP Sierrita Wink KM Midstream KMLP PHP (Underway) GLNG FGT GCX Under Constr.) Cypress KMCC/ Double Eagle CFPL ► Highly-aligned management (15% stake) Active stock buyback program Market sentiment may change, but we'll stay focused on making money for our shareholders Note: See Non-GAAP Financial Measures and Reconciliations. a) Based on 2019B Segment EBDA before Certain Items plus JV DD&A. b) Please refer to "KMI: 2019 Guidance - Published Budget" for more detail. 19
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