Kinder Morgan Energy Infrastructure Deck
Core Holding in Any Portfolio
Generating significant cash flow & returning value to shareholders
> $65 billion.
enterprise value
~13% owned by
Largest energy infrastructure company in
the S&P500
KINDER MORGAN
>45% of market cap value returned
to shareholders since 2016
S&P500 CURRENT DIVIDEND YIELDS y-axis represents # of S&P500 tickers
within the dividend yield range specified on the x-axis
management & board
Highly-aligned management with
significant equity interests
180
160
140
~$200mm increase year-over-year
120
100
$7.7 billion 2023
budget Adj. EBITDA
~6.9% current
dividend yield
$3 billion share
buyback program
Budgeted 2% dividend increase in 2023.
Dividend yield is top 5% in the S&P500
$472mm of share repurchases YTD.
~$1.6 billion of remaining capacity
80
60
60
64
40
20
20
At ~6.9%, KMI'S
dividend yield is
in the top 5% of
the S&P500
0-1%
1-2%
2-3%
3-4%
4-5%
5-6%
>6%
Note: Adjusted EBITDA is a non-GAAP measure. See Non-GAAP Financial Measures & Reconciliations. Data based on current dividend and share price from Bloomberg for companies included in the S&P500 as of 10/27/2023.
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