A Compelling Investment Opportunity

$5.7bn of Commercially-Secured Capital Projects Underway ~$400 million of new projects added during Q2 2019 & over $1 billion added year-to-date (as of 6/30/2019) KINDER MORGAN Demand Pull / Supply Push KMI Capital ($ billion) Estimated In-Service Date Capacity Natural Gas Permian takeaway projects (GCX, PHP, TX Intrastates, EPNG, NGPL) Elba liquefaction and related terminal facilities Bakken G&P expansions (Hiland Williston Basin) $ 1.6 Q4 2019-2020 7.0 Bcfd 1.2 First unit in Q3 2019 0.4 Bcfd 0.5 Q3 2019 2020 Various Supply for U.S. power & LDC demand (TGP, FGT, NGPL, CIG, SNG) Supply for LNG export (NGPL, KMLP) 0.3 Q3 2019 2023 1.0 Bcfd 0.3 Q3 2019 2022 1.9 Bcfd Mexico export (EPNG, Sierrita) Other natural gas Total Natural Gas Additional projects 0.2 0.3 2020 Various 0.6 Bcfd >1.5 Bcfd $ 4.4 -77% of total & 5.6x EBITDA multiple 1.3 Total Backlog $ 5.7 ■ Significant investment opportunities resulting from our expansive, strategically-located natural gas pipelines network ■ Additional projects are primarily liquids-related (crude oil and refined products) - $0.6 billion for CO2 EOR oil production, $0.3 billion for CO2 & transport, $0.3 billion for terminals and $0.1 billion for liquids pipelines With the backlog and other projects under development, expect $2 to $3 billion per year of ongoing organic investment opportunities Note: See Non-GAAP Financial Measures and Reconciliations. EBITDA multiple reflects KM share of estimated capital divided by estimated Project EBITDA. 6

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