Fueling the Future: Kinder Morgan's Role in Reducing Emissions and Generating Cash Flow
Strategy
Maximize the value of our assets on behalf of shareholders
KINDER MORGAN
K
Stable, fee-
based assets
Invest in a low
carbon future
Financial
flexibility
Core energy
infrastructure
Safe & efficient
operator
Multi-year contracts
>90% take-or-pay &
fee-based cash
flows
Newly formed
Energy Transition
Ventures Group
$1.6 billion backlog
with 70% allocated
to low carbon
investments
Investing in
natural gas, RNG,
and liquid biofuels
infrastructure
4.0x 2021 expected
Net Debt/Adjusted
EBITDA(a)
Long-term target
remains around
4.5x
Low cost of capital
Mid-BBB credit
ratings
Ample liquidity
Reduced net debt
by >$12 billion since
3Q 2015
Disciplined
capital
allocation
Conservative
assumptions
High return
thresholds
Self-funding 100%
of capex &
dividends for last
five years
Enhance
shareholder
value
Maintain strong
balance sheet
Attractive projects
Dividend growth
Share repurchases
a) See Non-GAAP Financial Measures & Reconciliations.
5
LOView entire presentation