Barclays Investment Banking Pitch Book
Comparison of KMI Pro Forma for the Transaction
Company Name
PF KMI)
Williams Companies, Inc.
ONEOK, Inc.
General Electric Company
Chevron Corporation
Procter & Gamble Company
Coca-Cola Company
Enterprise Products Partners L.P.
Magellan Midstream Partners, LP.
Philip Morris International Inc.
Cisco Systems, Inc.
McDonald's Corporation
AbbVie, Inc.
Altria Group, Inc.
BARCLAYS
Overview(¹)
Industry
Oil & Gas Midstream
Large Cap US Midstream C-Corps (2015-2017 Growth Rates)
Oil & Gas Pipelines
$56,319
Oil & Gas Pipelines
$21,906
Large Cap MLPs Without IDRS (2015-2017 Growth Rates)
Oil & Gas Pipelines
$70,841
$18,435
Oil & Gas Pipelines
S&P 500 High Dividend Companies) (2014-2016 Growth Rates)
Industrial Conglomerates
Integrated Oil
Household/Personal Care
Beverages: Non-Alcoholic
Tobacco
Computer Communications
Restaurants
Pharmaceuticals: Major
Tobacco
Market Cap
-$100,000
13
LQA Dividend Dividend Growth
Yield
$257,470
$242,797
$219,047
$173,025
$130,969
$128,221
$91,859
$83,987
$82,571
3.98%
3.63%
3.83%
3.16%
3.43%
3.35%
1. Source: Public fings FactSet and Wall Street research
2 KMI data shown at beginning-year 2015 pro forma for KMP/KMR/EPS acquisitions
3. In S&P 500, companies shown meet the following criteria: market cap>$75 billion, LQA dividend yield> -3%, 2014E-2016E dividend growth > -5%
3.18%
3.09%
4.48%
3.04%
3.46%
3.18%
4.61%
Fairness Opinion Analysis
Rates
10.0%
14.8%
9.1%
7.1%
12.8%
6.1%
5.2%
6.3%
7.2%
5.3%
7.9%
7.4%
8.8%
7.4%View entire presentation