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Q3 2013 RESULTS – Williams Companies, Inc.

Williams Companies, Inc. · Oct 30, 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. Q3 2013 RESULTS – Williams Companies, Inc. – slide 1
    Williams and Williams Partners L.P. Third Quarter 2013 Earnings Alan Armstrong, Chief Executive Officer October 30, 2013 2013 The Williams Companies, Inc. All rights reserved.
  2. Q3 2013 RESULTS – Williams Companies, Inc. – slide 2
    Alan Armstrong Chief Executive Officer Williams and Williams Partners L.P. Third Quarter 2013 Earnings 2013 The Williams Companies, Inc. All rights reserved.
  3. Q3 2013 RESULTS – Williams Companies, Inc. – slide 3
    Presentation overview Better-than-expected 3Q performance; WPZ continuing to deliver fee-based growth and cost control 61MM increase in fee-based revenue more than offsets 49MM effect of lower NGL margins Downtime at olefins plant…
  4. Q3 2013 RESULTS – Williams Companies, Inc. – slide 4
    Growth in 3Q fee-based revenues more than offset decline in NGL margins; quarter affected by olefins plant downtime Williams Williams Partners Adjusted Segment Profit + DD&A Distributable Cash Flow 378MM 618MM 61MM increase in…
  5. Q3 2013 RESULTS – Williams Companies, Inc. – slide 5
    3Q Geismar downtime impact on DCF only 15MM recognized; estimated 79MM unfavorable effect 2013 2013 2013 2013 (millions) 2Q 4Q Total 3Q Estimated BI insurance claim* (amounts included in WPZ DCF and Adjusted Segment Profit) - 151…
  6. Q3 2013 RESULTS – Williams Companies, Inc. – slide 6
    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…
  7. Q3 2013 RESULTS – Williams Companies, Inc. – slide 7
    WPZ: Expect 1.1 billion DCF growth 2013 through 2015 2013 DCF of 1.72 billion, up 231MM vs. 2012 Growth DCF up1 80MM (5%) vs. prior guidance Drivers DCF coverage ratio guidance at midpoint is 0.90x 2014 Large portfolio DCF of…
  8. Q3 2013 RESULTS – Williams Companies, Inc. – slide 8
    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 WPZ Ohio Valley Midstream…
  9. Q3 2013 RESULTS – Williams Companies, Inc. – slide 9
    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…
  10. Q3 2013 RESULTS – Williams Companies, Inc. – slide 10
    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…
  11. Q3 2013 RESULTS – Williams Companies, Inc. – slide 11
    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…
  12. Q3 2013 RESULTS – Williams Companies, Inc. – slide 12
    WMB Non-GAAP Williams Appendix NGL & Petchem Reconciliations Services 2013 The Williams Companies, Inc. All rights reserved.
  13. Q3 2013 RESULTS – Williams Companies, Inc. – slide 13
    Expect Williams Partners financial impact from Geismar incident to be significantly mitigated by business interruption insurance* 2013 2014 Total (millions) (6/13 -12/31) (Full Year) Estimated business interruption (BI) insurance…
  14. Q3 2013 RESULTS – Williams Companies, Inc. – slide 14
    WMB Non-GAAP Reconciliations 2013 The Williams Companies, Inc. All rights reserved.
  15. Q3 2013 RESULTS – Williams Companies, Inc. – slide 15
    WMB Non-GAAP Reconciliations WMB non-GAAP measures This announcement includes certain financial measures adjusted segment profit, adjusted segment profit + DD&A, adjusted income from continuing operations (earnings) and adjusted…
  16. Q3 2013 RESULTS – Williams Companies, Inc. – slide 16
    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 2nd Qtr 3rd Qtr Year Income (loss) from continuing operations…
  17. Q3 2013 RESULTS – Williams Companies, Inc. – slide 17
    WMB Non-GAAP Reconciliations WMB non-GAAP reconciliation schedule, contd 2012 2013 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr Year Adjustments below segment…
  18. Q3 2013 RESULTS – Williams Companies, Inc. – slide 18
    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 2nd Qtr 3rd Qtr Year…
  19. Q3 2013 RESULTS – Williams Companies, Inc. – slide 19
    WMB Non-GAAP Reconciliations Non-GAAP reconciliation schedule adjusted segment profit (loss) and adjusted segment profit + DD&A contd 2012 2013 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr…
  20. Q3 2013 RESULTS – Williams Companies, Inc. – slide 20
    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 Low Midpoint High Reported segment profit: Williams…
  21. Q3 2013 RESULTS – Williams Companies, Inc. – slide 21
    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 Low Midpoint High Adjusted segment profit: Williams Partners…
  22. Q3 2013 RESULTS – Williams Companies, Inc. – slide 22
    WPZ Non-GAAP Reconciliations 2013 The Williams Companies, Inc. All rights reserved.
  23. Q3 2013 RESULTS – Williams Companies, Inc. – slide 23
    WPZ Non-GAAP Reconciliations 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…
  24. Q3 2013 RESULTS – Williams Companies, Inc. – slide 24
    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 2nd Qtr 3rd Qtr Year Williams…
  25. Q3 2013 RESULTS – Williams Companies, Inc. – slide 25
    WPZ Non-GAAP Reconciliations Adjusted segment profit reconciliation and adjusted segment profit + DD&A 2012 2013 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr Year Segment profit (loss):…
  26. Q3 2013 RESULTS – Williams Companies, Inc. – slide 26
    WPZ Non-GAAP Reconciliations Adjusted segment profit reconciliation and adjusted segment profit + DD&A contd 2012 2013 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr Year Adjusted segment…
  27. Q3 2013 RESULTS – Williams Companies, Inc. – slide 27
    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 Low Midpoint High Reported segment profit: Northeast G&P…
  28. Q3 2013 RESULTS – Williams Companies, Inc. – slide 28
    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 Low Midpoint High Adjusted segment profit: Northeast G&P…
  29. Q3 2013 RESULTS – Williams Companies, Inc. – slide 29
    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 1,030 1,045 1,060 1,780 1,920 2,060…
  30. Q3 2013 RESULTS – Williams Companies, Inc. – slide 30
    WPZ Non-GAAP Reconciliations 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:…

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