Investor Presentation

Energy Toll Road Cash flow security with >90% from take-or-pay & other fee-based contracts KINDER MORGAN 2021B EBDA % (a) Natural Gas 62% Products 16% Interstate / LNG Intrastate G&P Refined products Crude Liquids terminals Terminals 15% Jones Act tankers CO2 7% Bulk terminals EOR Oil & Gas CO₂ & Transport Asset Mix (a) 46% 10% 6% 11% 4% & 1% transport & G&P 9% 3% 3% 5% 2% Volume Security (a) 93% take-or-pay 83% take-or-pay(b) 81% fee-based with minimum volume requirements and/or acreage dedications primarily volume-based transport: 69% take-or-pay G&P: 98% fee-based primarily minimum 74% take-or-pay 100% take-or-pay volume volume-based guarantee or requirements effectively 84% minimum volume committed Average Remaining 6.4/19.7 years 5.7 years(b) 2.5 years generally not applicable 3.3 years 2.5 years 0.6 years 4.6 years 7.9 years Contract Life (c) Pricing Security primarily fixed based on contract primarily fixed margin primarily fixed price annual FERC tariff escalator (PPI-FG + 0.78%) primarily fixed based on contract based on contract; typically fixed or tied to PPI volumes 81% hedged(d) >95% protected by contractual price floors (a) Regulatory regulated return Security essentially market-based market-based Pipelines: regulated return Terminals & transmix: not price regulated(e) not price regulated primarily unregulated Commodity Price no direct limited exposure limited exposure limited exposure no direct exposure hedged / limited exposure exposure Exposure a) Based on Adjusted Segment EBDA per the 2021 budget. See Non-GAAP Financial Measures & Reconciliations. Amounts have been rounded. b) Includes term sale portfolio. c) As of 1/1/2021 d) Percentage of 4Q 2021 forecasted oil & NGL net equity production. e) Products terminals not FERC regulated, except portion of CALNEV. 28

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