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Investor Presentation

$310 million Acquisition of Kinetrex Energy Platform acquisition provides multi-year head start to participate in emerging RNG market ASSETS & VALUATION 2 small-scale LNG facilities 1 operational landfill-RNG facility with ~0.4 bcf(a) capacity Prairie View Liberty KINDER MORGAN NORTH AMERICA RNG DEMAND bcfd ■Stated Policies Scenario Sustainable Development Scenario 0.3 2025 1.1 Landfill facilities expected to 3 landfill-RNG facilities operational by 2022 end with total capacity of 3.5 bcf Twin Bridges Indy HBTU Offtake is commercially contracted with high quality counterparty 0.6 2030 Expect <6x 2023 EBITDA based on $310mm purchase price and $146mm development capex Conservative RINS assumptions vs current spot RINS prices Transaction closed Aug 20, 2021 FUTURE RNG DEVELOPMENTS Retained Kinetrex management team to pursue new projects and expand RNG platform Mitigate exposure to RIN volatility through fixed price contracts in voluntary market Sources: North America RNG Demand per IEA "Outlook for biogas and biomethane" report (March 2020). a) KM share. 50% interest in Indy HBTU. 3 facilities in development are 100% owned. Operational RNG Plants RNG Plants Under Construction LNG Production & Fueling Facilities 0.8 2035 1.0 2040 drive 1.9 growth 2.7 3.5 Hundreds of landfills across the US are candidates for RNG <100 sites operational or in development today 22
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