The Williams Companies, Inc. Williams agrees to acquire a 50% GP interest and 55.1 million LP units in ACMP from Global Infrastructure Partners This document does not constitute an offer to buy or solicitation of an offer to sell any…
Forward-looking Statements (continued) Given the uncertainties and risk factors that could cause our actual results to differ materially from those contained in any forward-looking statement, we caution investors not to unduly rely on…
Williams Announces Acquisition of Additional Interests in ACMP Williams has agreed to acquire the 50% general partner interest and 55.1 million limited partner units in Oklahoma City-based Access Midstream Partners, LP (NYSE: ACMP)…
WMB to Become One of the Largest Publicly Traded General Partner Holding Companies Public Public NYSE: WMB Unitholders Unitholders 100% of GP Interest, 100% of GP Interest, IDRs IDRs 50% LP 64% LP 50% LP Interest Interest 36% LP…
Transaction Highlights Williams expects the acquisition to increase fee-based revenues to more than 80% of its gross margin as a result of Access Midstream Partners fee-based revenues The acquisition is expected to increase Williams…
Our Strategy More Relevant Than Ever Today's announcement further enhances our ability to execute on our strategy Big Picture Be the premier provider of reliable large-scale infrastructure designed to maximize the opportunities…
Fortifies WMB's Impressive Footprint with Assets in Major Supply Basins Across the U.S. 9 2014 The Williams Companies, Inc. All rights reserved.
Well-Positioned to Benefit From Supply Growth Leadership position in major supply basins across the U.S. Strengthens position as the premier natural gas infrastructure player in the U.S., with gas gathering volumes directly operated…
Acquisition Expected to be Significantly Accretive to Williams' Dividend per Share Expected to result in growing GP and LP distributions, creating additional cash coverage and providing for higher / sustained dividend growth Williams…
Proposed WPZ / ACMP Merger Creates Premier MLP In addition to WMB's acquisition of GIP's interests in ACMP, WMB is seeking to merge WPZ and ACMP creating a premier, large-cap MLP with industry leading scale and diversification…
Expected Proposed Merger Benefits to ACMP Significantly broadened customer base, enhanced business platform, expanded technical and operational expertise, and additional opportunities to sustain long-term growth If the proposed…
Expected Proposed Merger Benefits to WPZ Expected increased scale and diversification with substantial operating footprint in major supply-growth basins in the U.S., creating one of the most substantial growth platforms in the…
Expected Proposed Merger Benefits to WMB Provides opportunity to enhance and streamline operations, business-development, commercial and support capabilities Further simplifies the corporate structure Aligns Williams Partners and…
Summary Benefits Williams expects the acquisition to increase fee-based revenues to more than 80% of its gross margin as a result of Access Midstream Partners fee-based revenues The acquisition is expected to increase Williams cash…
Non-GAAP Disclaimer 2014 The Williams Companies, Inc. All rights reserved.
Net Income After Tax Reconciliation to 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…
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