Williams and Williams Partners L.P. Wells Fargo 2013 Energy Symposium Don Chappel, Chief Financial Officer December 10, 2013 1 Wells Fargo 2013 Energy Symposium / December 10, 2013 2013 The Williams Companies, Inc. All rights…
Scale positions, competitive advantages drive growth and value creation Strategy- aligned capital investment Northeast Transco Canada Gulf of Mexico NGL-Petchem 4 Wells Fargo 2013 Energy Symposium / December 10,…
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…
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…
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…
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 -…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Pipeline would connect Utica, Marcellus NGLs to petchem, export by late 2015 1 Utica + Binding open season is in progress Marcellus Construct a new NGL NGLs Conducting cost assessments, due pipeline from diligence, pre-…
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…
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)…
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…
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…
WMB Williams Non-GAAP Appendix NGL & Petchem Reconciliations Services 2013 The Williams Companies, Inc. All rights reserved.
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…
WPZ Non-GAAP Reconciliations 2013 The Williams Companies, Inc. All rights reserved.
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…
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…
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…
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…
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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