A Compelling Investment Opportunity

Leading Exporter of U.S. Gasoline and Distillates KINDER MORGAN Our Houston Ship Channel exports have grown faster than the broader U.S. market over the last several years U.S. EXPORTS Millions of barrels per day 3.0 KM EXPORTS FROM GULF COAST TERMINALS Thousands of barrels per day 2.5 2.0 1.5 1.0 0.5 0.0 Jan-2016 Jan-2017 May-2017 Jul-2017 Sep-2017 Nov-2017 Mar-2016 Jul-2016 Sep-2016 Nov-2016 May-2016 Mar-2017 Jan-2018 Mar-2018 May-2018 Source: U.S. Energy Information Administration, KM internal data Note: Charts include distillate fuel oil, finished motor gasoline and gasoline blending components. CAGR calculated on a rolling 3-months basis beginning Q1 2016. KM market share calculated using internal data for KM export volumes and U.S. Energy Information Agency for U.S. export volumes for the 12 months ended May 2019 (latest EIA data available). Jul-2018 Sep-2018 Nov-2018 Jan-2019 Mar-2019 May-2019 for total U.S. market 400 6% CAGR 350 300 250 200 150 100 50 50 0 Jan-2016 Mar-2016 May-2016 Jul-2016 Sep-2016 Nov-2016 Jan-2017 Mar-2017 May-2017 Jul-2017 Sep-2017 Nov-2017 Jan-2018 Mar-2018 May-2018 Jul-2018 Sep-2018 Nov-2018 Jan-2019 Mar-2019 May-2019 17% CAGR ~15% market share 38

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