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JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc.

Williams Companies, Inc. · Nov 12, 2013 · 30 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. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 1
    Williams and Williams Partners L.P. Jefferies 2013 Global Energy Conference Don Chappel, Chief Financial Officer November 12, 2013 1 Jefferies 2013 Global Energy Conference / November 12, 2013 2013 The Williams Companies, Inc.…
  2. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 2
    Scale positions, competitive advantages drive growth and value creation Strategy- aligned capital investment Northeast Transco Canada Gulf of Mexico NGL-Petchem 4 Jefferies 2013 Global Energy Conference / November…
  3. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 3
    Well-positioned in key areas of supply growth Natural Gas U.S. Supply Growth Bcf/d 120 Direct Ownership Investment 100 Northeast 80 Rockies San Juan Gulf of Mexico 60 Fort Worth Mid-Continent 40 Gulf Coast Permian 20…
  4. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 4
    Gas demand grows in response to supply, price Bcf/d Natural Gas U.S. Demand Growth 120 100 2012 - 2031 80 60 46% growth 40 2009-2012 20 +11% 0 2000 2005 2010 2015 2020 2025 2030 Residential Commercial Industrial…
  5. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 5
    Big infrastructure critical for growing NGL supplies MBbls/day NGLs U.S. Supply Growth 6,000 5,000 Natural Gasoline 4,000 Isobutane New market Butane 3,000 outlets needed Propane Ethane 2,000 quickly to sustain 1,000…
  6. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 6
    Strategic, large-scale, primarily fee-based cash flows driving growth Project Description and Estimated Capex Expected Remaining Time Dollars in millions Excludes ACMP projects to Target In-Service Date Ohio Valley Midstream -…
  7. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 7
    Creating large-scale position in Marcellus + Utica Partners and Investments Gross Dedicated Acres Laurel Mtn Midstream 500,000 ACMP Marcellus 1,700,000 Ohio Valley Midstream 236,000 Susquehanna 150,000 Three Rivers JV 275,000…
  8. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 8
    Infrastructure constraints challenging Marcellus growth rates, but still the growth area in the U.S. Steady and significant historical Expected gathering volume fee-based volume growth (MMcf/d) growth through 2015 (Bcf/d) 2,000 3.5…
  9. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 9
    Atlantic Gulf region has abundant growth in key markets 3B in guidance NE Connector/ Rockaway Lateral Constitution 2nd half of 2014 March 15 Atlantic NE Supply Link Sunrise Rock Springs Nov 13 July 17 Expansion Aug 16 CPV…
  10. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 10
    Atlantic-Gulf gas pipeline assets expected to provide predictable growth with fully contracted projects 1,800 15 1,600 13.4 14 Capital Investment placed into service 1,400 13 Capacity MMdt/day 1,200 11.5 12 11.4 10.9…
  11. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 11
    Central Gulf of Mexico corridor growth projects and opportunities Keathley Canyon Connector 400 MMcf/d capacity Expected to be in service by 4Q 2014 High deliverability reserves from Hadrian South yield front-end financial…
  12. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 12
    Eastern Gulf of Mexico corridor growth projects and opportunities Contracted: Gulfstar 1-Tubular Bells (GS1) expected online 3Q-2014 Kodiak tieback to Devils Tower - expected online 3Q 2015 Potential: Taggert tieback to Devils…
  13. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 13
    Proposed dropdown of currently in-service Canadian assets from WMB to WPZ; expected January 2014* Dropdown Assets Fort McMurray offgas cryo plant Boreal offgas liquids pipeline Redwater fractionator, storage and loading Suncor…
  14. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 14
    Williams strategic advantages in the oil sands Only company in the world extracting and fractionating Available NGL / Olefins volume (Mbbl/d) olefin/NGL mixes from oil sands offgas 100 Potential Williams strong position 90 volume…
  15. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 15
    Agreement to process CNRLs Horizon upgrader offgas Expected to add approximately 15 Mbpd of NGL/Olefins production (12 Mbpd by mid- 2015; growing to 15 Mbpd by 2018) Ethane price risk mitigated via previously announced…
  16. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 16
    Converting discounted propane to high value product Alberta Propane Dehydrogenation First facility of its kind in Canada Will produce 1.1 billion pounds of polymer grade propylene annually Exploring opportunities that would see a…
  17. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 17
    Pipeline would connect Utica, Marcellus NGLs to petchem, export by late 2015 1 Binding open season began Oct. Utica + 29 and concludes Dec. 16 Marcellus Construct a new NGL NGLs pipeline from Conducting cost assessments, NE…
  18. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 18
    Recent developments supporting strategy NGL/Petchem Services Initiated Bluegrass Pipeline binding open season Execution of Moss Lake export terminal JV agreements Start-up of Canadian ethane recovery project Reaffirming April 1…
  19. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 19
    WPZs expected growth drives 68% increase in cash distributions to WMB (Midpoint of guidance, dollars in millions) WPZ business expected to grow at 15% GP / IDRs expected to grow at 30% WPZ adjusted segment profit + DD&A1 WPZ…
  20. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 20
    Strong, clear dividend growth and excess cash flow guidance Cash dividends per share growth Illustrative excess cash flow 20102015 CAGR of 34%* available & coverage ratio* (midpoint of guidance) (upside & cushion for risk)…
  21. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 21
    Strong fundamentals and competitive advantages drive robust, visible growth Growth investment spending by operating area 20132015 20132018 10.8 13.1 billion 16 billion 26 billion In guidance In guidance In guidance Under…
  22. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 22
    Williams and Williams Partners premier energy infrastructure investments Natural gas infrastructure supercycle Large-scale positions, strong competitive advantages Deep, diverse, long-range growth opportunities provide…
  23. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 23
    WMB Williams Non-GAAP Appendix NGL & Petchem Reconciliations Services 2013 The Williams Companies, Inc. All rights reserved.
  24. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 24
    Dividend illustration and coverage calculation (Midpoint of guidance, dollars in millions except per share amounts) Williams positioned to provide shareholders strong dividend increases 2013 2014 2015 1 Distributions from WPZ 1,354…
  25. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 25
    WPZ Non-GAAP Reconciliations 2013 The Williams Companies, Inc. All rights reserved.
  26. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 26
    WPZ non-GAAP measures This announcement includes certain financial measures, adjusted segment profit, adjusted segment profit + DD&A, distributable cash flow, and cash distribution coverage ratio that are non-GAAP financial measures…
  27. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 27
    Segment profit guidance reported to adjusted Dollars in millions 2013 Guidance 2014 Guidance 2015 Guidance Low Midpoint High Low Midpoint High Low Midpoint High Reported segment profit: Northeast G&P 36 195 355 Atlantic - Gulf 574…
  28. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 28
    Segment profit guidance reported to adjusted Dollars in millions 2013 Guidance 2014 Guidance 2015 Guidance Low Midpoint High Low Midpoint High Low Midpoint High Adjusted segment profit: Northeast G&P 45 195 355 Atlantic - Gulf 570 630…
  29. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 29
    Net income & distributable cash flow Dollars in millions 2013 Guidance 2014 Guidance 2015 Guidance Low Midpoint High Low Midpoint High Low Midpoint High Net Income 1,030 1,045 1,060 1,780 1,920 2,060 1,900 2,085 2,270 DD&A 745 765 785…
  30. JEFFERIES 2013 GLOBAL ENERGY CONFERENCE – Williams Companies, Inc. – slide 30
    Distributable Cash Flow of Williams Canadian Operations planned to be acquired by WPZ1 Dollars in millions 2014 2015 Segment Profit 155 147 Add: DD&A 42 42 Less: General Corp Costs (4) (4) Less: Maintenance Capex (3) (2) All…

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