Investor Presentaiton
Attractive cost of debt capital
Over 99% of interest rate exposure is fixed (1)
Fixed Interest Rate Exposure (1)
Annual Interest Expense Sensitivity(1)
+/- 1% in Secured Overnight Financing Rate
(1)
(2)
Fixed
-30%
July 2022(2)
Fixed
~90%
Fixed
>99%
+/- $25mm
Fixed
-60%
+/- $15mm
KINETIK
|
|
1-99%
|
+/- $3mm
<$150k
November 2022 September 2023
March 2024
July 2022(2)
November 2022 September 2023
March 2024
Executed $1.7bn of fixed rate swaps through May 2025
.
Average swapped rate implies an all-in 6.1% interest rate
Minimal exposure to floating interest rates
For period beginning March 2024.
Pro forma Series A Preferred redemption.
Achieved 2022 Sustainability-Linked Financing Framework performance targets,
resulting in a modest interest rate reduction beginning July 2023
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