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Q3 2010 RESULTS – Williams Companies, Inc.

Williams Companies, Inc. · Oct 28, 2010 · 25 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. Q3 2010 RESULTS – Williams Companies, Inc. – slide 1
    Third Quarter 2010 Earnings Steve Malcolm Chairman and CEO October 28, 2010 2010 The Williams Companies, Inc. All rights reserved.
  2. Q3 2010 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. Q3 2010 RESULTS – Williams Companies, Inc. – slide 3
    Financial results Adjusted EPS from continuing operations is 0.22 for 3Q YTD of 0.86 is 28% higher than 2009 2010-12 earnings guidance relatively unchanged Growth projects move capital spending guidance up for 2011 and 2012…
  4. Q3 2010 RESULTS – Williams Companies, Inc. – slide 4
    Highlights Reached agreement to sell Piceance Basin gathering and processing assets to Williams Partners 782 million sale; after-tax cash proceeds of approximately 580 million Made progress growing our businesses in the Marcellus…
  5. Q3 2010 RESULTS – Williams Companies, Inc. – slide 5
    Commodity-price assumptions are unchanged Henry Hub Rockies 6.50 6.50 6.00 6.00 5.50 5.50 5.00 5.00 4.50 4.50 4.00 4.00 Guidance 3.50 Range 3.50 Midpoint 2010 2011 2012 2010 2011 2012 (white dash) WTI Oil NGL to Crude…
  6. Q3 2010 RESULTS – Williams Companies, Inc. – slide 6
    Steady growth even on expected low nat gas prices Adjusted EPS Adjusted Segment Profit 2.25 3,500 2.00 3,000 1.75 1.50 2,500 1.25 2,000 1.00 0.75 1,500 Guidance 2010 2011 2012 2010 2011 2012 Midpoint Capital…
  7. Q3 2010 RESULTS – Williams Companies, Inc. – slide 7
    Expect 25% growth in adjusted segment profit Adjusted Segment Profit 3,000 2,500 2,000 Other 1,500 E&P WPZ 1,000 500 - 2010 2011 2012 Notes: Based on mid-point of guidance. Adjusted segment profit is a non-GAAP measure.…
  8. Q3 2010 RESULTS – Williams Companies, Inc. – slide 8
    Expect to invest 6B+ in growth 2010-12 Planned capital expenditures detail 4,500 2010 4,000 2011 4,000 2012 4,000 3,500 3,500 3,500 3,000 3,000 3,000 2,500 2,500 2,500 2,000 2,000 2,000 1,500 1,500 1,500 1,000 1,000…
  9. Q3 2010 RESULTS – Williams Companies, Inc. – slide 9
    WPZ Midstream Gas & Liquids WPZ Midstream capital-spending outlook Dollars in millions In guidance + under negotiation In guidance + under negotiation In guidance + potential 2010-2014; spending 4,400 5,400 2010-2012; spending…
  10. Q3 2010 RESULTS – Williams Companies, Inc. – slide 10
    WPZ Gas Pipeline 1.3 billion in WPZ Gas Pipeline growth projects Jackson Prairie Phased 07- 12 NE Connector/ Rockaway Lateral Nov. 13 NE Supply Link Nov. 13 Opal Market Link TBD Sundance Trail Keystone Connector* Nov. 10…
  11. Q3 2010 RESULTS – Williams Companies, Inc. – slide 11
    Exploration & Production Premier E&P portfolio low-cost, long-lived Powder River 0.4 Tcfe Proved 1.5 Tcfe 3P 424,005 net acres 237 MMcfe/d Piceance 3.4 Tcfe Proved 11.2 Tcfe 3P 219,763 net acres 682 MMcfe/d San Juan…
  12. Q3 2010 RESULTS – Williams Companies, Inc. – slide 12
    Dropping down Piceance gathering assets to WPZ Large-scale asset 150 miles large-diameter pipeline Connects to 3,300+ wells 6 amine treating facilities 160,000 hp compression 1.2 Bcf/d dew-point processing capacity Synergies with…
  13. Q3 2010 RESULTS – Williams Companies, Inc. – slide 13
    NGL, ethane price outlook is favorable Drivers of 3Q ethane margins vs. 2Q 2Q ethane bottleneck depressed margins for most of 3Q, current market recovering Ethane demand grew throughout the 3Q to potentially record levels Temporary…
  14. Q3 2010 RESULTS – Williams Companies, Inc. – slide 14
    2010 priorities for value creation Bring infrastructure projects online Williams Partners Perdido Norte Mobile Bay South Echo Springs TXP-4 Sundance Trail Phase 1 of 85 North Expansion Markham Expansion Laurel Mountain…
  15. Q3 2010 RESULTS – Williams Companies, Inc. – slide 15
    2010 priorities for value creation, continued Grow gas production, op cash flows and proved reserves Use first-mover advantage to grow Canadian footprint Initiate growth in western-U.S. midstream business Complete WPZs…
  16. Q3 2010 RESULTS – Williams Companies, Inc. – slide 16
    Why Williams is a winning investment Assets Premier assets in growth areas Integrated businesses deliver value and competitive advantage Execution Executing on a wealth of value-creating opportunities in all businesses…
  17. Q3 2010 RESULTS – Williams Companies, Inc. – slide 17
    2010 The Williams Companies, Inc. All rights reserved.
  18. Q3 2010 RESULTS – Williams Companies, Inc. – slide 18
    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) 2009 2010 (Dollars in…
  19. Q3 2010 RESULTS – Williams Companies, Inc. – slide 19
    Non-GAAP Non-GAAP reconciliation schedule adjusted segment profit Reconciliation of Segment Profit (Loss) to Adjusted Segment Profit (Loss) (UNAUDITED) 2009 2010 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st…
  20. Q3 2010 RESULTS – Williams Companies, Inc. – slide 20
    Non-GAAP Non-GAAP reconciliation schedule EPS including MTM adjustment Dollars in millions except per share amounts 2010 3Q YTD Adjusted income from cont. ops available to common shareholders 142 520 Adjusted diluted earnings…
  21. Q3 2010 RESULTS – Williams Companies, Inc. – slide 21
    Corporate Adjusted segment profit guidance Dollars in millions 2010 2011 2012 Guidance Guidance Guidance Williams Partners (WPZ) 1,375 - 1,500 1,475 - 1,840 1,575 - 2,065 1,360 - 1,485 1,400 - 1,765 1,500 - 1,990 Exploration…
  22. Q3 2010 RESULTS – Williams Companies, Inc. – slide 22
    Corporate Capital expenditures guidance Dollars in millions 2010 2011 2012 Guidance Guidance Guidance Williams Partners (WPZ) 1,375 - 1,545 1,180 - 1,530 905 - 1,255 (Excluding 2010 Piceance basin gathering and processing…
  23. Q3 2010 RESULTS – Williams Companies, Inc. – slide 23
    Corporate Reconciliation of forecasted Reported income from continuing operations to adjusted income from continuing operations including MTM adjustments Dollars in millions, except per-share amounts 2010 2011 2012 Reported…
  24. Q3 2010 RESULTS – Williams Companies, Inc. – slide 24
    WMB Non-GAAP Reconciliations Segment profit guidance reported to adjusted Dollars in millions 2010 Guidance 2011 Guidance 2012 Guidance Low Midpoint High Low Midpoint High Low Midpoint High Reported segment profit: Williams…
  25. Q3 2010 RESULTS – Williams Companies, Inc. – slide 25
    Corporate Income guidance adjusted 2010 2011 2012 Dollars in millions, except per-share amounts Guidance Guidance Guidance Adjusted segment profit before MTM adjustments 1,900 - 2,125 1,795 - 2,595 1,900 - 3,125 Net interest…

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