Skip to main content SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp Investor Presentation | Shale Experts
Loading...
Pm

SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp

Williams Partners Lp · Mar 24, 2015 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 1
    Scotia Howard Weil Energy Conference Alan Armstrong, Chief Executive Officer March 24, 2015
  2. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 2
    Diverse, Large-Scale Strategic Positions Delivering Value Today, Ongoing Growth Marcellus-Utica Zoom-in View 2
  3. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 3
    Significant, Growth-oriented Asset Position Focused on the Natural Gas Value Chain Approximately 30% U.S. Gas Volumes Touch Our Systems Transmission Pipelines and Storage Market Hub End User Natural Gas Ethylene…
  4. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 4
    We Are Well-Positioned to Benefit From Supply Growth NATURAL GAS U.S. SUPPLY GROWTH (Bcf/d) CAGR CAGR 140 4% 3% 09-14 15 -31 120 +27% +67% +15 +47 Bcf/d Northeast 100 Bcf/d Rockies 80 San Juan Gulf of Mexico 60 Fort Worth…
  5. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 5
    Demand Shows Up in Response to Supply, Price Nearly 120 Bcf/d on 3% CAGR by 2031 NATURAL GAS U.S. DEMAND GROWTH (Bcf/d) CAGR CAGR 2.5% 3% 140 09-14 15-31 +17% +60% 120 +10.7 +45 Bcf/d Other 100 Bcf/d LNG Exports 80 Power…
  6. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 6
    WPZ: Large-scale, value-creating projects ready to contribute; many more to come Recent Milestones Gulfstar One commissioned in November 2014; ramping up production in 1Q 2015 Transco delivered record peak day volume of 12.6 MMdt;…
  7. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 7
    Merged WPZ expecting 88% fee-based gross margins 2015 FORECAST: 6.0 BILLION 3% 9% Regulated Gas Pipeline Fee Based Revenue (30%) 30% (Demand Payments) Access Midstream Fee Based Revenue (27%) (Primarily Cost of Service and…
  8. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 8
    Merged WPZ allocating 99% of 9.3 billion in growth capital guidance to fee-based projects 2015-2017 GROWTH CAPITAL FORECAST 1% Regulated Gas Pipeline Fee Based Projects (52%) 26% (Demand Payments) Access Fee Based Projects…
  9. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 9
    Nearly 30 Billion in committed plus potential capital projects 2014-19 TARGET IN-SERVICE DATES FOR VISIBLE GROWTH PROJECTS 2014 2015 2016 2017 2018+ NE: Frac II Bucking Horse Constitution Atlantic Sunrise Transco numerous Pipeline…
  10. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 10
    WPZs Expected Growth Drives 40% Increase in Cash Distributions to WMB (Midpoint of guidance, dollars in millions) WPZ business expected to grow 59% (17% CAGR) GP / IDRs expected to grow 69% (19% CAGR) WPZ ADJUSTED EBITDA1 WPZ…
  11. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 11
    Williams well positioned for strong growth through lower commodity price cycles ACMP/WPZ merger created leading natural gas MLP with strong cash distribution growth and investment-grade credit ratings Expect WPZ per unit distribution…
  12. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 12
    Appendix
  13. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 13
    Updated guidance reflects sharply lower commodity price assumptions 2015 2016 2017 Guidance Metric Low Mid High Low Mid High Low Mid High Adjusted EBITDA (millions) Williams Partners Expected 4,300 4,465 4,630 5,120 5,315 5,510 5,750…
  14. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 14
    Financial Outlook WMB Expect 10 - 15% Annual Dividend Growth with Expanding Coverage DIVIDEND ILLUSTRATION AND COVERAGE CALCULATION (Midpoint of guidance, dollars in millions except per share amounts) 2015 2016 2017 Distributions…
  15. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 15
    Updated guidance reflects sharply lower commodity price assumptions 2015 2016 2017 Expected Benefits Commodity Price Assumptions Low Mid High Low Mid High Low Mid High Crude WTI /barrel 45.00 55.00 65.00 53.75 65.00 76.25 57.50 70.00…
  16. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 16
    Corporate Sensitivities to price changes (millions) NG Ethane Propane C4+ Ethylene Propylene 2 + .10/Mmbtu (5.9) WPZ + .01/gallon (4.2) 3.7 2.9 + .01/pound 14.4 1.9 + .10/Mmbtu (0.2) Williams NGL & 2015 + .01/gallon 0.1 0.1…
  17. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 17
    Strategic, Large-Scale, Primarily Target IRRs Fee-based 13%-25% Fee-Based Cash Flows Driving Growth Commodity-exposed 25%+ EXPECTED REMAINING TIME TO PROJECT DESCRIPTION AND EST. CAPEX IN-SERVICE DATE* Atlantic Sunrise (2,100…
  18. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 18
    Reconciliations
  19. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 19
    WMB Net Income to Adjusted EBITDA Reconciliation 2 0 1 5 WPZ WMB NGL PETCHEM CORPORATE / OTHER TOTAL WMB Low Base High Low Base High Low Base High Low Base High Net income from continuing operations 1,555 1,720 1,885 0 0 0 (630) (670)…
  20. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 20
    Reconciliation of Proportionate Share of Adjusted EBITDA from Equity Investments (Dollars in millions) 2 0 1 5 2 0 1 6 2 0 1 7 Low Base High Low Base High Low Base High Net income from continuing operations 380 385 390 495 505 515…
  21. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 21
    WMB 2015 Schedule of Expected EBITDA Adjustments (Dollars in millions) Williams Partners (WPZ) Geismar incident adjustment for insurance and timing (150) ACMP retention expenses 35 Total Williams Partners adjustments (115)…
  22. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 22
    WPZ Distributable Cash Flow (DCF) WPZ Non-GAAP Reconciliations 2 0 1 5 2 0 1 6 2 0 1 7 Dollars in millions, except per L.P. unit Low Base High Low Base High Low Base High 1 Adjusted EBITDA 4,300 4,465 4,630 5,120 5,315 5,510 5,750…
  23. SCOTIA HOWARD WEIL ENERGY CONFERENC – Williams Partners Lp – slide 23
    WPZ Net Income to Adjusted EBITDA Reconciliation WPZ Non-GAAP Reconciliations 2 0 1 5 2 0 1 6 2 0 1 7 (' in millions) Low Base High Low Base High Low Base High Net income from continuing operations 1,555 1,720 1,885 2,025 2,225 2,425…

From the store

Browse maps, data & reports in the Shale Experts store