Barclays CEO Energy-Power Conference Alan Armstrong, Chief Executive Officer September 3, 2014
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Diverse, Large-Scale Strategic Positions Delivering Value Today, Ongoing Growth Marcellus-Utica Zoom-in View 5 Barclays CEO Energy-Power Conference 9/3/14 2014 The Williams Companies, Inc. All rights reserved.
Williams Value Chain Adds Significant Growth Foothold with ACMP Acquisition Opportunities to extend services ACMP adds 20% U.S. Dry-Gas Volumes Touch Our Systems depth Market Hub Transmission Pipelines and Storage in key growth…
We Are Well Positioned to Benefit from Supply Growth NATURAL GAS U.S. SUPPLY GROWTH (Bcf/d) Direct CAGR CAGR Ownership 3% 3% 120 09-13 14-30 +17% +58% 100 Northeast +9.5 +39.8 Bcf/d Bcf/d Rockies 80 San Juan Gulf of Mexico…
Demand Shows Up in Response to Supply, Price; 105 Bcf/d on Conservative 2% CAGR U.S. GAS DEMAND (Bcf/d) CAGR CAGR 2.5% 2% 120 09-13 14-30 +14% +47% 100 Other +8.5 +33.5 Bcf/d Transport Bcf/d LNG Exports 80 Power 60 40…
Competitive Advantages Delivering Large-Scale Projects, Long-Term Value Creation WEST ATLANTIC-GULF Increased fee-based revenues Transco: Nations largest to 80% of gross margins and fastest-growing pipeline Extensive network of…
WPZ and ACMP: Large, Complementary Positions Serving the Best NE Marcellus Acreage Gross Dedicated Acres Laurel Mtn Midstream 500,000 ACMP Marcellus 1,544,000 Ohio Valley Midstream 236,000 Susquehanna 150,000 Three Rivers JV…
WPZ and ACMP: Large, Complementary Positions Serving the Best SW Marcellus/Utica Acreage Gross Dedicated Acres Laurel Mtn Midstream 500,000 ACMP Marcellus 1,544,000 Ohio Valley Midstream 236,000 Susquehanna 150,000 Three Rivers JV…
Transco: Nations Largest, Fastest Growing Interstate Pipeline System Garden State NE Connector/ CAPITAL INVESTED PLACED Expansion Rockaway Lateral INTO SERVICE (B) Leidy Atlantic 4.8 Southeast Sunrise 2017 Constitution CPV…
Gas Pipeline Assets: Unprecedented Growth with Fully Contracted Projects CAPITAL INVESTMENT PLACED INTO SERVICE (MM) MMdt/d 4,000 18 16.5 2011-2014 3,500 16 13 major 3,000 projects 14 contracted 2,500 10.8 2,000 12 1,500 2014+ 10…
Proposed ACMP/WPZ Merger Would Create Leading Natural Gas MLP Expected Expected 2015 distribution increase of at least 25%1 above Access Midstream Partners current Benefits guidance of 2.791 per unit up more than 40%1 vs. current 2014…
Significant Valuation Re-rating Opportunity Still Lies Ahead 2014-2016 DISTRIBUTION CAGR Current Yield 10% Median large-cap, diversified coverage ratio is 1.1x Merged MLP expected to be at or above 1.1x through 2017 8% KMP WPZ…
Expect 25 Billion in WPZ Committed Plus Potential WMB projects expected to be Capital Projects 2014-19; Additional 4 Billion dropped down to WPZ in late 2014 of 2014-16 Growth Capex at ACMP to early 2015 TARGET IN-SERVICE DATES FOR…
Williams Well Positioned to Participate in Once-in-a-generation Industry Supercycle WMB now one of the largest publicly traded GP holding companies with control of both WPZ and ACMP Right long-term strategy at the right time Ideally…
Net Income After Tax Reconciliation to 2015 Adjusted EBITDA Williams Access Partners Midstream Combined* Low High Low High Low High Net income after tax attributable to partnership 1,755 2,105 470 645 Net interest expense 645 665 225…