Skip to main content Q4 2014 RESULTS – Williams Companies, Inc. Investor Presentation | Shale Experts
Loading...
Pm

Q4 2014 RESULTS – Williams Companies, Inc.

Williams Companies, Inc. · Feb 19, 2015 · 31 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. Q4 2014 RESULTS – Williams Companies, Inc. – slide 1
    Williams and Williams Partners Fourth Quarter Earnings Call February 19, 2015
  2. Q4 2014 RESULTS – Williams Companies, Inc. – slide 2
    Fourth Quarter Summary and Outlook 4Q: Results and commissioning major assets Large-scale assets ramping up in 1Q 2015 for expected strong contribution in balance of 2015 and beyond WPZ/ACMP merger complete; creates leading,…
  3. Q4 2014 RESULTS – Williams Companies, Inc. – slide 3
    Fourth Quarter Financial Results vs. Prior Year WMB: Results reflect initial benefits of Access acquisition Received 515 million in 4Q MLP cash distributions, up 70M (16%) Adjusted Segment Profit + DD&A 30% higher, up 216 million to…
  4. Q4 2014 RESULTS – Williams Companies, Inc. – slide 4
    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;…
  5. Q4 2014 RESULTS – Williams Companies, Inc. – slide 5
    Williams Partners L.P. (WPZ) 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%)…
  6. Q4 2014 RESULTS – Williams Companies, Inc. – slide 6
    Merged WPZ allocating 99% of 9.3 billion in growth Williams Partners L.P. (WPZ) capital guidance to fee-based projects 2015-2017 GROWTH CAPITAL FORECAST 1% Regulated Gas Pipeline Fee Based 26% Projects (52%) (Demand…
  7. Q4 2014 RESULTS – Williams Companies, Inc. – slide 7
    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 Geismar Constitution Atlantic Sunrise Transco numerous other Expansion…
  8. Q4 2014 RESULTS – Williams Companies, Inc. – slide 8
    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…
  9. Q4 2014 RESULTS – Williams Companies, Inc. – slide 9
    Appendix
  10. Q4 2014 RESULTS – Williams Companies, Inc. – slide 10
    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 4,300 4,465 4,630 5,120 5,315 5,510 5,750 5,965…
  11. Q4 2014 RESULTS – Williams Companies, Inc. – slide 11
    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…
  12. Q4 2014 RESULTS – Williams Companies, Inc. – slide 12
    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…
  13. Q4 2014 RESULTS – Williams Companies, Inc. – slide 13
    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 0.0…
  14. Q4 2014 RESULTS – Williams Companies, Inc. – slide 14
    Reconciliations
  15. Q4 2014 RESULTS – Williams Companies, Inc. – slide 15
    WMB Non-GAAP Reconciliations WMB Non-GAAP Disclaimer This presentation includes certain financial measures adjusted EBITDA, adjusted segment profit and adjusted segment profit + DD&A, adjusted income from continuing operations…
  16. Q4 2014 RESULTS – Williams Companies, Inc. – slide 16
    WMB Non-GAAP reconciliation schedule 2013 2014 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year Income (loss) from continuing operations attributable to The…
  17. Q4 2014 RESULTS – Williams Companies, Inc. – slide 17
    WMB Non-GAAP reconciliation schedule contd 2013 2014 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year Adjustments below segment profit (loss)…
  18. Q4 2014 RESULTS – Williams Companies, Inc. – slide 18
    WMB Non-GAAP reconciliation schedule Adjusted segment profit (loss) and adjusted segment profit +DD&A 2013 2014 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year (Dollars in millions) Segment profit (loss):…
  19. Q4 2014 RESULTS – Williams Companies, Inc. – slide 19
    WMB Non-GAAP reconciliation schedule Adjusted segment profit (loss) and adjusted segment profit +DD&A contd 2013 2014 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year (Dollars in millions) Depreciation and…
  20. Q4 2014 RESULTS – Williams Companies, Inc. – slide 20
    2014 Dividend Illustration and Coverage Calculation 2014 (Dollars in millions, except per share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year Distributions from Pre-merger WPZ (accrued / as declared basis) 422 431 438 1,291…
  21. Q4 2014 RESULTS – Williams Companies, Inc. – slide 21
    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)…
  22. Q4 2014 RESULTS – Williams Companies, Inc. – slide 22
    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…
  23. Q4 2014 RESULTS – Williams Companies, Inc. – slide 23
    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)…
  24. Q4 2014 RESULTS – Williams Companies, Inc. – slide 24
    WPZ Non-GAAP Disclaimer This presentation includes certain financial measures adjusted EBITDA, adjusted segment profit and adjusted segment profit + DD&A, distributable cash flow, and cash distribution coverage ratio that are non-GAAP…
  25. Q4 2014 RESULTS – Williams Companies, Inc. – slide 25
    Pre-merger Williams Partners L.P. WPZ reconciliation of Non-GAAP distributable cash flow to GAAP net income 2013 2014 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year (Dollars in millions, except coverage…
  26. Q4 2014 RESULTS – Williams Companies, Inc. – slide 26
    Pre-merger Williams Partners L.P. WPZ adjusted segment profit reconciliation and adjusted segment profit + DD&A 2013 2014 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year Segment profit…
  27. Q4 2014 RESULTS – Williams Companies, Inc. – slide 27
    Pre-merger Williams Partners L.P. WPZ adjusted segment profit reconciliation and adjusted segment profit + DD&A contd 2013 2014 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year…
  28. Q4 2014 RESULTS – Williams Companies, Inc. – slide 28
    Pre-merger Access Midstream Partners L.P. Access Midstream Partners, L.P. Reconciliation of non-GAAP Financial Measures Three Months Ended December 31, ( in thousands) 2014 2013 Net Income attributable to Williams Partners L.P.…
  29. Q4 2014 RESULTS – Williams Companies, Inc. – slide 29
    WPZ Non-GAAP Reconciliations WPZ Distributable Cash Flow (DCF) 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…
  30. Q4 2014 RESULTS – Williams Companies, Inc. – slide 30
    WPZ Non-GAAP Reconciliations WPZ Net Income to Adjusted EBITDA Reconciliation 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…
  31. Q4 2014 RESULTS – Williams Companies, Inc. – slide 31
    Forward Looking Statements

From the store

Browse maps, data & reports in the Shale Experts store