Year-End 2009 Earnings Steve Malcolm, Chairman, President and CEO February 18, 2010 2010 The Williams Companies, Inc. All rights reserved.
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…
2009 results and recent developments 2009 recurring adjusted EPS of 0.94 Closed transformational transaction; drives growth, value-creation Year-end 3P U.S. and intl reserves up 14% Continued expansion of Marcellus Shale…
2009 year-end U.S. proved reserves 15,000 4,700 4,600 14.4 4,500 Tcfe 4,400 +159 4,300 -435 4,200 New SEC Rules Impact 4,100 4,000 4,632 +570 4,581 (increase of 4,339 Bcfe 3,900 -336 (increase of 377 over 326 over…
3P U.S. and intl reserves increase 14% 2008 YE 3P reserves 2009 YE 3P reserves 13.0 Tcfe 14.8 Tcfe 1.9 2.6 2.6* 3.9 4.7 5.7 2.2* 1.9 3.8 4.3 Probable Possible PUD PDP Proved reserves up 7% over one year ago*…
Structural transformation delivers benefits Large, diversified MLP has investment-grade credit and more reliable access to market Significantly increases capital availability, lowers cost Improves competitiveness of midstream, gas…
Interests aligned, growth outlook enhanced Increased growth projects Lead to more value at and acquisitions at WPZ WMB Growth capital funded at Ability to focus WMBs free WPZ cash flow on E&P Increase in EBITDA and Higher…
Rapid return to significant value creation WMB 2009-11 Commodity-Price Assumptions & Earnings Outlook Sharply higher profit at EPS growth outpaces levels near commodity prices 99% recent forward-market 2011 EPS nears 1.87 prices…
Expect to invest 3B+ in growth 2010-11 Planned capital expenditures detail 3,500 2010 3,500 2011 3,000 3,000 2,500 2,500 2,000 2,000 1,500 1,500 1,000 1,000 500 500 0 0 Maintenance of Expenditures to Growth…
Growth projects, capex Millions 2010 2011 Williams Partners 765 455 Long-term commitments support growth Gathering and processing expansions in Marcellus, Rockies and deepwater Gulf of Mexico Interstate natural gas pipeline…
Williams Piceance generates growth and value World-class resource Rio Blanco County Colorado Drilling economics are shale-play strong Williams Barcus Creek Area Shown Colorado Hub Connection Piceance Lateral (NGL) to Attractive…
Piceance Valley: Our typical well economics Development cost Illustrative economics, /Mcfe Drill & Complete ( in millions) 1.41 NYMEX Gas Price (Market 3yr avg) 6.28 Reserves (Bcfe) 1.18 Location Diff./Transport -0.80 Drilling &…
WPZ Strategic growth projects midstream Echo Springs TXP4 Marcellus Willow Creek Paradox Blind Faith Perdido Norte Bass Lite 2010 The Williams Companies, Inc. All rights reserved. TheYear-End Williams Williams…
WPZ Strategic interstate pipeline growth projects Jackson Prairie Blue Bridge NE Supply Link NE Connector I Sundance Trail Keystone Connector Rockaway Lateral Mid-Atlantic Connector Mid-South 85 North Expansion…
Williams is a winning long-term investment Wealth of value-creating growth opportunities Transformational transaction helps to fuel that growth Integrated businesses deliver value, competitive advantage Piceance is world-class…
2010 The Williams Companies, Inc. All rights reserved. TheYear-End Williams Williams 2009 Companies, Inc.February Earnings/ / February 2009/ /18 18,1,2010
Non-GAAP Reconciliation Schedules 2010 The Williams Companies, Inc. All rights reserved. TheYear-End Williams Williams 2009 Companies, 19 Inc.February Earnings/ / February 2009/ /19 18,1,2010
Non-GAAP 2010 The Williams Companies, Inc. All rights reserved.
Non-GAAP Reconciliation Non-GAAP reconciliation schedule 2010 The Williams Companies, Inc. All rights reserved. TheYear-End Williams Williams 2009 Companies, Inc.February Earnings/ / February 2009/ /23 18,1,2010
Non-GAAP Reconciliation Non-GAAP reconciliation schedule recurring segment profit 2010 The Williams Companies, Inc. All rights reserved. TheYear-End Williams Williams 2009 Companies, Inc.February Earnings/ / February 2009/ /24…
Non-GAAP Reconciliation Non-GAAP reconciliation schedule EPS after MTM adjustment Note: All amounts attributable to Williams. *Amounts have been recast to reflect certain Venezuela operations as discontinued operations. 2010 The…
Corporate 2011 income guidance - recurring 2011 Dollars in millions, except per-share amounts February 18 October 29 Guidance Guidance Recurring Segment Profit Before MTM Adjust. 1,895 - 3,495 1,845 - 3,445 Net Interest…
Corporate Recurring segment profit guidance Dollars in millions 2010 2011 Guidance Guidance Williams Partners (WPZ) 1,185 - 1,685 1,325 - 1,765 Exploration & Production (incl. Gas Mkt) 1 305 - 945 385 - 1,550 335 - 1,500…
Corporate Capital expenditures guidance Dollars in millions 2010 2011 Guidance Guidance Williams Partners (WPZ) 950 - 1,200 675 - 875 800 1,100 Exploration & Production (incl. Gas Mkt) 1,000 - 1,400 1,300 - 2,100 Other /…
2010 The Williams Companies, Inc. All rights reserved. TheYear-End Williams Williams 2009 Companies, Inc.February Earnings/ / February 2009/ /29 18,1,2010