Kinder Morgan Energy Infrastructure Deck

Strategy Maximizing shareholder value. KINDER MORGAN flexibility Stable, fee-based assets Invest in a lower carbon future Financial Core energy infrastructure Safe & efficient operator Multi-year contracts ~93% take-or-pay, hedged, & fee- based cash flows (a) Established Energy Transition Ventures Group in 2021 $3.8 billion backlog with 84% allocated to lower carbon investments Investing in natural gas, RNG, liquid biofuels, and CCS infrastructure at attractive returns 4.0x 2023B expected YE Net Debt / Adjusted EBITDA Long-term target remains around 4.5x Low cost of capital Mid-BBB credit ratings Ample liquidity Disciplined capital allocation Conservative assumptions High return thresholds Self-funding capex & dividends Reduced net debt by >$11 billion since 1Q 2015 Enhance shareholder value Maintain strong balance sheet Attractive investments 2023B dividend growth; +2% YoY Share repurchases; $472mm YTD Note: Adjusted Segment EBDA and Net Debt/Adjusted EBITDA are non-GAAP measures. See Non-GAAP Financial Measures & Reconciliations. a) Based on 2023 budgeted Adjusted Segment EBDA. K Natural gas storage wellhead, Houston, Texas LO 5

View entire presentation