Kinder Morgan Market Opportunity and Financial Overview
Core Holding in Any Portfolio.
Generating significant cash flow & returning value to shareholders
>$70 billion enterprise
value
Largest energy infrastructure
company in the S&P500
KINDER MORGAN
~36% of market cap value returned to shareholders since 2016
S&P500 CURRENT DIVIDEND YIELDS(a) y-axis represents # of S&P500
tickers within the dividend yield range specified on the x-axis
~13% owned by
management & board
Highly-aligned management with
significant equity interests
200
180
$7.7 billion 2023 budget
Adj. EBITDA
160
~$200mm increase year-over-year
140
120
100
~6% current dividend
yield
Budgeted 2% dividend increase in
2023. Top 10 dividend in the S&P500
40
$3 billion share buyback ~$2.1 billion of repurchase program
program
remaining. $368mm of share
repurchases in 2022
8822
80
60
20
Note: Adjusted EBITDA is a non-GAAP measure. See Non-GAAP Financial Measures & Reconciliations.
a) Data based on current dividend and market capitalizations from Bloomberg for companies included in the S&P500 as of 1/18/2023.
At 6.0%, KMI has a
top 10 dividend
yield in the
S&P500
0-1%
1-2%
2-3%
3-4%
4-5%
5-6%
>6%
LO
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