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Q1 2011 RESULTS – Williams Companies, Inc.

Williams Companies, Inc. · May 4, 2011 · 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. Q1 2011 RESULTS – Williams Companies, Inc. – slide 1
    First Quarter 2011 Earnings Alan Armstrong, Chief Executive Officer and Travis Campbell, Vice President Investor Relations May 4, 2011 2011 The Williams Companies, Inc. All rights reserved.
  2. Q1 2011 RESULTS – Williams Companies, Inc. – slide 2
    Oil and gas reserves and resource potential disclaimer The SEC requires oil and gas companies, in filings made with the SEC, to disclose proved reserves, which are those quantities of oil and gas, which, by analysis of geoscience and…
  3. Q1 2011 RESULTS – Williams Companies, Inc. – slide 3
    Highlights Raising adjusted EPS midpoint guidance 11% increase to 1.55 for 2011 11% increase to 1.95 for 2012 Increasing dividend Kicking off high-dividend strategy with 60% richer quarterly dividend beginning with the June…
  4. Q1 2011 RESULTS – Williams Companies, Inc. – slide 4
    Milestones Williams Partners Assumed operations of Overland Pass Pipeline a critical link to our Rockies NGL production Continuing growth in Marcellus Started up Shamrock compressor station on Laurel Mountain Midstream Rapidly…
  5. Q1 2011 RESULTS – Williams Companies, Inc. – slide 5
    Williams Steady adjusted 1Q segment profit despite lower natural gas prices Williams Partners delivers 4% increase in adjusted segment profit Higher fee revenues in both gas pipes and midstream businesses Lower NGL equity…
  6. Q1 2011 RESULTS – Williams Companies, Inc. – slide 6
    Increased crude oil, NGL price outlook Henry Hub Natural Gas WTI Oil 120.00 6.50 6.00 5.50 100.00 5.00 4.50 80.00 4.00 3.50 60.00 3.00 2010 2011 2012 2010 2011 2012 Rockies Natural Gas NGL Margins 6.00 1.00 5.50 0.90…
  7. Q1 2011 RESULTS – Williams Companies, Inc. – slide 7
    Strong growth outlook Adjusted Diluted EPS Adjusted Segment Profit 2.60 4,000 2.40 2.20 3,500 2.00 1.80 3,000 1.60 1.40 2,500 1.20 2,000 Guidance 1.00 2010 2011 2012 2010 2011 2012 Midpoint (white dash) 2010 Actual CFFO…
  8. Q1 2011 RESULTS – Williams Companies, Inc. – slide 8
    Expect to invest 4.8 billion in growth Current Capital Expenditure Guidance; Growth Projects Dominate Spending 2011-2012 4,500 2011 4,500 2012 4,000 4,000 3,500 3,500 3,000 3,000 2,500 2,500 2,000 2,000 1,500 1,500 1,000…
  9. Q1 2011 RESULTS – Williams Companies, Inc. – slide 9
    Williams Expect significant growth in adjusted segment profit 3,500 3,000 Midstream Canada & 2,500 Olefins E&P 2,000 Williams Partners 1,500 1,000 500 0 2010 2011 2012 Notes: Dollars in millions. Based on…
  10. Q1 2011 RESULTS – Williams Companies, Inc. – slide 10
    Exploration & Production Bakken Shale update Today, net production is about 4,000 boe/d about double 1Q average Currently operating 3 rigs, plan to add 2 rigs during next 6 months Staffing progressing; field office established…
  11. Q1 2011 RESULTS – Williams Companies, Inc. – slide 11
    Exploration & Production Bakken Shale: Typical well economics Development cost Illustrative economics per Barrel Drill /Complete /Hookup ( in millions) 8.50 NYMEX Oil Price 95.00 Reserves (Mboe) 710 Basin Adjustment - 9.80 Net…
  12. Q1 2011 RESULTS – Williams Companies, Inc. – slide 12
    Exploration & Production Marcellus update Net 1Q production of 9 MMcfd Gathering/facilities infrastructure progressing Currently operating 5 rigs, expect to average 4 for 2011 based on efficiency gains 25 wells drilled,…
  13. Q1 2011 RESULTS – Williams Companies, Inc. – slide 13
    Exploration & Production Marcellus NE Pennsylvania Typical well economics Development cost Illustrative economics per Mcf Drill & Complete ( in millions) 4.59 NYMEX Gas Price 4.85 Reserves (Bcfe) 5.55 Basin Differential 0.07…
  14. Q1 2011 RESULTS – Williams Companies, Inc. – slide 14
    Exploration & Production Piceance Valley: Typical well economics Development cost Illustrative economics per Mcf Drill & Complete ( in millions) 1.43 NYMEX Gas Price 4.85 Reserves (Bcfe) 1.24 Basin Differential -0.38 Net…
  15. Q1 2011 RESULTS – Williams Companies, Inc. – slide 15
    Midstream Canada & Olefins Midstream Canada & Olefins: Strong performance, significant growth Record quarterly segment profit of 74 million BB splitter proving to be a solid investment Incremental splitter margins exceeding…
  16. Q1 2011 RESULTS – Williams Companies, Inc. – slide 16
    Midstream Canada & Olefins Midstream Canada & Olefins capital spending outlook Dollars in millions In guidance + Under negotiation + Potential In guidance + Under negotiation In guidance (2011 through 2015) (2011 through 2015)…
  17. Q1 2011 RESULTS – Williams Companies, Inc. – slide 17
    Midstream Canada & Olefins Uniquely positioned to open up NGL market out of Fort McMurray Boreal NGL Pipeline Low-risk investment utilizes Williams international cash reserves 261-mile NGL pipeline from Fort McMurray to…
  18. Q1 2011 RESULTS – Williams Companies, Inc. – slide 18
    Midstream Canada & Olefins Plenty of off-gas liquids to recover today and tomorrow Barrels from Current and Potential Liquids expansions and announced 220 potential new 200 upgraders NGL / Olefins Volume (Mbbl/d) 180…
  19. Q1 2011 RESULTS – Williams Companies, Inc. – slide 19
    WPZ Midstream Gas & Liquids Expect to see WPZ Midstream growth capex above current guidance Dollars in millions In guidance + Under negotiation + Potential In guidance + Under negotiation In guidance (2011 through 2015) (2011…
  20. Q1 2011 RESULTS – Williams Companies, Inc. – slide 20
    WPZ Gas Pipeline Power-gen demand drives newly in-service expansions in Southeast N Seattle Lateral NE Connector/ Nov. 12 Rockaway Lateral As early as April 14 S Seattle Lateral NE Supply Link Nov. 12 Nov. 13 Keystone…
  21. Q1 2011 RESULTS – Williams Companies, Inc. – slide 21
    Williams Focused growth, value strategy Two stand-alone companies in 2012 Williams 2012 will focus on large infrastructure that optimizes and connects North Americas abundant natural resources to premium markets WPX Energy…
  22. Q1 2011 RESULTS – Williams Companies, Inc. – slide 22
    2011 The Williams Companies, Inc. All rights reserved.
  23. Q1 2011 RESULTS – Williams Companies, Inc. – slide 23
    WMB Non-GAAP Reconciliations 2011 The Williams Companies, Inc. All rights reserved.
  24. Q1 2011 RESULTS – Williams Companies, Inc. – slide 24
    WMB Non-GAAP Reconciliations WMB non-GAAP reconciliation schedule Reconciliation of Income (Loss) from Continuing Operations Attributable to The Williams Companies, Inc. to Adjusted Income (UNAUDITED) 2010* 2011 (Dollars in…
  25. Q1 2011 RESULTS – Williams Companies, Inc. – slide 25
    WMB Non-GAAP Reconciliations WMB non-GAAP reconciliation schedule cont. Midstream Canada & Olefins Customer settlement gain - -6 - - -6 - Total Midstream Canada & Olefins adjustments - -6 - - -6 - Other (Gain)/loss from…
  26. Q1 2011 RESULTS – Williams Companies, Inc. – slide 26
    WMB Non-GAAP Reconciliations Non-GAAP reconciliation schedule adjusted segment profit (loss) Reconciliation of Segment Profit (Loss) to Adjusted Segment Profit (Loss) (UNAUDITED) 2010* 2011 (Dollars in millions) 1st Qtr 2nd Qtr…
  27. Q1 2011 RESULTS – Williams Companies, Inc. – slide 27
    Corporate Does not reflect E&P separation Adjusted segment profit guidance 2011 2012 Dollars in millions Guidance Guidance Guidan Williams Partners (WPZ) 1,695 - 2,085 1,780 - 2,320 1,550 - 1,990 1,675 - 2,215 Exploration &…
  28. Q1 2011 RESULTS – Williams Companies, Inc. – slide 28
    Corporate Does not reflect E&P separation Capital expenditures guidance 2011 2012 Dollars in millions Guidance Guidance Guida Williams Partners (WPZ) 1,560 - 1,885 1,480 - 1,780 (Current guidance excludes 2011 purchase of…
  29. Q1 2011 RESULTS – Williams Companies, Inc. – slide 29
    WMB Non-GAAP Reconciliations Does not reflect E&P separation Segment profit guidance reported to adjusted Dollars in millions 2011 Guidance 2012 Guidance Low Midpoint High Low Midpoint High Reported segment profit: Williams…
  30. Q1 2011 RESULTS – Williams Companies, Inc. – slide 30
    WMB Non-GAAP Reconciliations Does not reflect E&P separation Reconciliation of forecasted reported income from continuing operations to adjusted income from continuing operations Dollars in millions, except per-share amounts 2011…
  31. Q1 2011 RESULTS – Williams Companies, Inc. – slide 31
    2011 The Williams Companies, Inc. All rights reserved.

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