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Q2 2012 RESULTS – Williams Companies, Inc.

Williams Companies, Inc. · Aug 1, 2012 · 15 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. Q2 2012 RESULTS – Williams Companies, Inc. – slide 1
    Second Quarter 2012 Earnings Alan Armstrong, Chief Executive Officer August 1, 2012 2012 The Williams Companies, Inc. All rights reserved.
  2. Q2 2012 RESULTS – Williams Companies, Inc. – slide 2
    Recent headlines Reaffirmed strong dividend growth despite less favorable near-term commodity price environment 55% growth in 2012 20% growth in each 2013, 2014 2Q results affected by unexpected sharp decline in NGL margins, other…
  3. Q2 2012 RESULTS – Williams Companies, Inc. – slide 3
    Sharp drop in NGL prices, other factors weigh on 2Q vs. 1Q Sharp drop in NGL prices was the main factor; others included: Higher expenses at Williams Partners midstream business due to accelerated maintenance, recent acquisitions…
  4. Q2 2012 RESULTS – Williams Companies, Inc. – slide 4
    Reaffirmed strong cash dividend growth; raised 2014 earnings guidance Expecting 55% higher dividend in 2012; 20% growth in 2013 and 2014: 1.20; 1.44; 1.75 Increased 2014 earnings guidance Visibility to diverse, attractive projects…
  5. Q2 2012 RESULTS – Williams Companies, Inc. – slide 5
    Commodity price assumptions Crude oil WTI Natural gas Henry Hub / barrel / MMBtu 110.00 5.00 100.00 High High 4.00 90.00 Midpoint Midpoint 80.00 Low 3.00 70.00 Low 60.00 2.00 2011 2012 2013 2014 2011 2012 2013 2014…
  6. Q2 2012 RESULTS – Williams Companies, Inc. – slide 6
    Geismar expansion, outlook supports robust cash generation Global supply, demand driving Ethylene prices, volumes, margins ethylene value Global demand for plastics will 2,000 0.80 continue to grow 1,800 0.70 Supplies will remain…
  7. Q2 2012 RESULTS – Williams Companies, Inc. – slide 7
    Planned Geismar drop-down benefits both WMB and WPZ Benefits to Williams Partners: Expected net equity ethane position Immediately reduces WPZ's exposure to ethane by nearly 70%; WMB WPZ* nearly eliminates exposure by 4Q13…
  8. Q2 2012 RESULTS – Williams Companies, Inc. – slide 8
    Major 2012-2014 projects on track MC&O Geismar Expansion 3Q 13 Canada (MC&O) Boreal Pipeline in service (2Q) Ethane Recovery mid-year 13 Eastern Seaboard (WPZ) Mid-South Expansion 3Q 12 / 2Q 13 Rockaway Lateral as early as…
  9. Q2 2012 RESULTS – Williams Companies, Inc. – slide 9
    Expect fee-based revenues to increase to 68% of business by 2014 WMB total gross margin* 2011 2014 Forecast 4.0 billion 5.4 billion Blues = Fee-based Greens = Commodity 1% 2% Gas Pipeline 10% 17% Demand Revenues 7% Non-demand…
  10. Q2 2012 RESULTS – Williams Companies, Inc. – slide 10
    Premier energy-infrastructure investment Williams positioned to deliver shareholders high-growth, high-dividend growth Expecting continued strong fee-based earnings growth Ethylene value driving guidance increase in 2014 Potential…
  11. Q2 2012 RESULTS – Williams Companies, Inc. – slide 11
    WMB Non-GAAP Reconciliations 2012 The Williams Companies, Inc. All rights reserved.
  12. Q2 2012 RESULTS – Williams Companies, Inc. – slide 12
    WMB Non-GAAP Reconciliations Segment profit guidance reported to adjusted Dollars in millions 2012 Guidance 2013 Guidance 2014 Guidance Low Midpoint High Low Midpoint High Low Midpoint High Reported segment profit: Williams…
  13. Q2 2012 RESULTS – Williams Companies, Inc. – slide 13
    WMB Non-GAAP Reconciliations Fee revenue to total segment revenue reconciliation Non-GAAP Reconciliation of Fee Revenues to Total Segment Revenues (UNAUDITED) 2011 2012 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr…
  14. Q2 2012 RESULTS – Williams Companies, Inc. – slide 14
    WPZ Non-GAAP Reconciliations 2012 The Williams Companies, Inc. All rights reserved.
  15. Q2 2012 RESULTS – Williams Companies, Inc. – slide 15
    WPZ Non-GAAP Reconciliations Net income & distributable cash flow Dollars in millions 2012 Guidance 2013 Guidance 2014 Guidance Low Midpoint High Low Midpoint High Low Midpoint High Net income 1,060 1,150 1,240 1,230 1,420 1,610…

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