Fueling the Future: Kinder Morgan's Role in Reducing Emissions and Generating Cash Flow

KINDER MORGAN CO2 Segment Consistently Generates Free Cash Flow Low cash cost structure yields healthy margins through multiple commodity price cycles OIL & GAS CASH OPERATING COSTS & AVG. PRICE $ per net barrel ■Cash costs Avg. realized oil price CO2 SEGMENT FREE CASH FLOW $ millions ■FCF □ Capex Acquisitions Adj. Segment EBDA $70 $62 $58 $58 $60 $50 $40 $30 $20 $10 $919 $907 $887 $276 $54 $436 $397 $49 $49 $707 $652 $349 $186 $643 $504 $165 $489 $451 $466 $358 $339 Cash costs $20 / barrel 2016 2017 2018 2019 2020 2021B 2016 2017 2018 2019 2020 2021B Note: Cash costs & revenue per net oil barrel, including hedges where applicable. See Non-GAAP Financial Measures & Reconciliations for CO2 Free Cash Flow. 42

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