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Q1 2013 RESULTS – Williams Companies, Inc.

Williams Companies, Inc. · May 7, 2013 · 22 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 2013 RESULTS – Williams Companies, Inc. – slide 1
    Williams and Williams Partners L.P. First Quarter 2013 Earnings Alan Armstrong, Chief Executive Officer May 7, 2013 2013 The Williams Companies, Inc. All rights reserved.
  2. Q1 2013 RESULTS – Williams Companies, Inc. – slide 2
    WMB and WPZ: expect strong growth and value creation despite headwinds from low NGL margins Reporting solid 1Q in face of NGL margins off 121MM or 50% from prior year Reaffirming strong WMB cash-dividend guidance through 2014;…
  3. Q1 2013 RESULTS – Williams Companies, Inc. – slide 3
    1Q: Geismar providing offset to continued drop in NGL margins from widespread ethane rejection & operational impacts Williams Williams Partners Adjusted Segment Profit + DD&A Up 33MM or 5% vs. 4Q12 Distributable Cash Flow Up 92MM…
  4. Q1 2013 RESULTS – Williams Companies, Inc. – slide 4
    Near-term headwinds for WPZWMB to provide targeted, short-term bridge support; DCF expected to grow 62% from 2013 through 2015 (1.7B to 2.7B) 2013 2014 WPZ Distributable Cash Flow down 125MM vs. prior guidance WPZ Distributable…
  5. Q1 2013 RESULTS – Williams Companies, Inc. – slide 5
    Guidance built on assumptions for historically low NGL processing value proposition % of Crude by Commodity 70% 60% 50% 40% 30% 20% 10% 0% Apr-08 Oct-08 Apr-09 Oct-09 Apr-10 Oct-10 Apr-11…
  6. Q1 2013 RESULTS – Williams Companies, Inc. – slide 6
    Capex and investment guidance updated for new projects and other changes 2013 2014 Capex and Investments up Capex and Investments up 120MM vs. prior guidance 470MM vs. prior guidance 200MM WPZ Northeast Three Rivers and 350MM WPZ…
  7. Q1 2013 RESULTS – Williams Companies, Inc. – slide 7
    Target IRRs Fee-based Strategic, large-scale, primarily 13%-25% Commodity- exposed 25%+ fee-based cash flows coming in service Project Description and Capex in Millions* Expected Remaining Time to In-Service Date (Excludes ACMP…
  8. Q1 2013 RESULTS – Williams Companies, Inc. – slide 8
    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…
  9. Q1 2013 RESULTS – Williams Companies, Inc. – slide 9
    WMB Williams Non-GAAP NGL &Reconciliations WMB Non-GAAP Petchem Reconciliations Services 2013 The Williams Companies, Inc. All rights reserved.
  10. Q1 2013 RESULTS – Williams Companies, Inc. – slide 10
    WMB Non-GAAP Reconciliations WMB non-GAAP reconciliation schedule 2012 2013 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr Income (loss) from continuing operations attributable to…
  11. Q1 2013 RESULTS – Williams Companies, Inc. – slide 11
    WMB Non-GAAP Reconciliations WMB non-GAAP reconciliation schedule cont. Adjustments below segment profit (loss) Reorganization-related costs - 6 6 12 24 2 Gain from Venezuela investment - related interest - Other (10) - - - (10)…
  12. Q1 2013 RESULTS – Williams Companies, Inc. – slide 12
    WMB Non-GAAP Reconciliations Non-GAAP reconciliation schedule adjusted segment profit (loss) and adjusted segment profit + DD&A 2012 2013 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr Segment profit…
  13. Q1 2013 RESULTS – Williams Companies, Inc. – slide 13
    WMB Non-GAAP Reconciliations Non-GAAP reconciliation schedule adjusted segment profit (loss) and adjusted segment profit + DD&A contd Depreciation and amortization (DD&A): Williams Partners 159 171 185 199 714 199 Williams NGL &…
  14. Q1 2013 RESULTS – Williams Companies, Inc. – slide 14
    WMB Non-GAAP Reconciliations Segment profit guidance reported to adjusted Dollars in millions 2013 Guidance 2014 Guidance 2015 Guidance Low Midpoint High Low Midpoint High Midpoint Reported segment profit: Williams Partners (WPZ)…
  15. Q1 2013 RESULTS – Williams Companies, Inc. – slide 15
    WMB Non-GAAP Reconciliations WMB adjusted segment profit + DD&A Dollars in millions 2013 Guidance 2014 Guidance 2015 Guidance Low Midpoint High Low Midpoint High Midpoint Adjusted segment profit: Williams Partners 1,600 1,675…
  16. Q1 2013 RESULTS – Williams Companies, Inc. – slide 16
    WPZ Williams Non-GAAP NGL & WPZ Non-GAAP Petchem Reconciliations Services Reconciliations 19 Williams and Williams Partners L.P. First Quarter 2013 Earnings / May 7, 2013 / 2013 The Williams Companies, Inc. All rights…
  17. Q1 2013 RESULTS – Williams Companies, Inc. – slide 17
    WPZ Non-GAAP Reconciliations Reconciliation of Non-GAAP distributable cash flow to GAAP net income 2012 2013 (Dollars in millions, except coverage ratios) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr Williams Partners L.P.…
  18. Q1 2013 RESULTS – Williams Companies, Inc. – slide 18
    WPZ Non-GAAP Reconciliations Adjusted segment profit reconciliation and adjusted segment profit + DD&A reconciliation 2012 2013 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr Segment profit (loss): Northeast…
  19. Q1 2013 RESULTS – Williams Companies, Inc. – slide 19
    WPZ Non-GAAP Reconciliations Adjusted segment profit reconciliation and adjusted segment profit + DD&A reconciliation Adjusted segment profit (loss): Northeast G&P 4 (1) - (10) (7) (9) Atlantic-Gulf 166 121 131 158 576 153…
  20. Q1 2013 RESULTS – Williams Companies, Inc. – slide 20
    WPZ Non-GAAP Reconciliations Segment profit guidance reported to adjusted Dollars in millions 2013 Guidance 2014 Guidance 2015 Guidance Low Midpoint High Low Midpoint High Midpoint Reported segment profit: Northeast G&P 100 340…
  21. Q1 2013 RESULTS – Williams Companies, Inc. – slide 21
    WPZ Non-GAAP Reconciliations WPZ adjusted segment profit + DD&A Dollars in millions 2013 Guidance 2014 Guidance 2015 Guidance Low Midpoint High Low Midpoint High Midpoint Adjusted segment profit: Northeast G&P 100 340 515…
  22. Q1 2013 RESULTS – Williams Companies, Inc. – slide 22
    WPZ Non-GAAP Reconciliations 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 1,100 1,155 1,210 1,630 1,793 1,955…

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