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Q4 2010 RESULTS – Williams Companies, Inc.

Williams Companies, Inc. · Feb 17, 2011 · 27 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. Q4 2010 RESULTS – Williams Companies, Inc. – slide 1
    Year-End 2010 Earnings Alan Armstrong Chief Executive Officer February 17, 2011 2011 The Williams Companies, Inc. All rights reserved.
  2. Q4 2010 RESULTS – Williams Companies, Inc. – slide 2
    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…
  3. Q4 2010 RESULTS – Williams Companies, Inc. – slide 3
    Todays highlights Pursuing separation into two companies Initiating high-dividend strategy 2010 financial results and reserves 4Q 2010 highlights Growth potential Increased guidance 2011 The Williams Companies, Inc. All…
  4. Q4 2010 RESULTS – Williams Companies, Inc. – slide 4
    Separating into 2 companies; boosting dividend Creating separate E&P company Partial IPO in 3Q 2011 Spinoff of remaining interest in 2012 Using IPO proceeds to pay down corporate debt Expecting to maintain investment-grade credit…
  5. Q4 2010 RESULTS – Williams Companies, Inc. – slide 5
    2010 financial results and reserves 36% increase in adjusted EPS from continuing operations Non-cash impairment charges and restructuring costs in prior quarters drive 1.1 billion GAAP net loss for the year Reserves at year-end…
  6. Q4 2010 RESULTS – Williams Companies, Inc. – slide 6
    Exploration & Production 2010 year-end total proved reserves 5,000 353 4,500 162 212 420 4,000 528 253 Bcfe 3,500 4,837 4,484 4,255 4,272 3,000 2,500 2,000 YE 2009 U.S. Acquisitions Production 5 yr…
  7. Q4 2010 RESULTS – Williams Companies, Inc. – slide 7
    3P U.S. and intl reserves increase 7% 2009 YE 3P reserves 2010 YE 3P reserves 14.8 Tcfe 15.9 Tcfe Reserves 2.5 2.6 5.7 5.9 1.9 1.9 4.7 5.5 Probable Possible PUD PDP Proved reserves replacement ratio of 107%.…
  8. Q4 2010 RESULTS – Williams Companies, Inc. – slide 8
    4Q highlights & recent developments Williams Partners (WPZ) raised 1.0 billion in capital markets WPZ acquired Piceance Basin gathering and processing assets from Williams for 782 million total consideration WPZ acquired Cabot…
  9. Q4 2010 RESULTS – Williams Companies, Inc. – slide 9
    86,000-acre entry into Bakken Shale 85,800 net acres - concentrated position with many large contiguous blocks 95% average working interest on leases with 21% average royalty Three 9,000 ft lateral wells per 2 square mile spacing…
  10. Q4 2010 RESULTS – Williams Companies, Inc. – slide 10
    Growing presence in the Marcellus Williams Partners Northeast Supply Link project fully subscribed Rapid build out of Laurel Mountain Midstream Acquired Cabot midstream assets Expect 2.0 Bcf/d by 2013 and 2.75 Bcf/d by 2015 in…
  11. Q4 2010 RESULTS – Williams Companies, Inc. – slide 11
    Commodity-price assumptions NYMEX nat gas WTI Oil 6.00 110.00 5.50 100.00 5.00 90.00 4.50 80.00 4.00 3.50 70.00 3.00 60.00 2010 2011 2012 2010 2011 2012 Rockies nat gas NGL Margins & NGL to Crude Oil Relationship 6.00…
  12. Q4 2010 RESULTS – Williams Companies, Inc. – slide 12
    Outlook for strong growth Adjusted Diluted EPS Adjusted Segment Profit 2.50 3,500 2.00 3,000 1.50 2,500 1.00 2,000 Guidance 0.50 1,500 Midpoint 2010 2011 2012 (white dash) 2010 2011 2012 2010 Previous Capex &…
  13. Q4 2010 RESULTS – Williams Companies, Inc. – slide 13
    Expect significant growth Adjusted Segment Profit 3,000 2,500 2,000 Other 1,500 E&P WPZ 1,000 500 0 2010 2011 2012 Notes: Dollars in millions. Based on mid-point of guidance. Adjusted segment profit is a…
  14. Q4 2010 RESULTS – Williams Companies, Inc. – slide 14
    Expect to invest 4B+ in growth Current Capital Expenditure Guidance; Growth Projects Dominate 4 Billion spending 2011-2012 4,000 2011 4,000 2012 3,500 3,500 3,000 3,000 2,500 2,500 2,000 2,000 1,500 1,500 1,000 1,000 500…
  15. Q4 2010 RESULTS – Williams Companies, Inc. – slide 15
    Expect to see WPZ growth capex above current guidance Dollars in millions In guidance + Under negotiation + Potential In guidance + Under negotiation In guidance (2011 through 2015) (2011 through 2015) (2011 through 2012) Spending…
  16. Q4 2010 RESULTS – Williams Companies, Inc. – slide 16
    Canadian midstream and domestic olefins capital spending outlook Dollars in millions In guidance + Under negotiation + Potential In guidance + Under negotiation In guidance (2011 through 2015) (2011 through 2015) (2011 through…
  17. Q4 2010 RESULTS – Williams Companies, Inc. – slide 17
    1.3 billion inventory of growth projects Jackson Prairie Phased 07-12 NE Connector Rockaway Lateral As early as Nov. 13 N Seattle Lateral NE Supply Link Nov. 12 Nov. 13 Keystone Connector* S Seattle Lateral TBD Nov. 12…
  18. Q4 2010 RESULTS – Williams Companies, Inc. – slide 18
    Focused growth, value strategy Two stand-alone companies in 2012 Williams 2012 will focus on large infrastructure that optimizes and connects North Americas abundant natural resources to premium markets New E&P will be diversified…
  19. Q4 2010 RESULTS – Williams Companies, Inc. – slide 19
    2011 The Williams Companies, Inc. All rights reserved.
  20. Q4 2010 RESULTS – Williams Companies, Inc. – slide 20
    WMB Non-GAAP Reconciliations 2011 The Williams Companies, Inc. All rights reserved.
  21. Q4 2010 RESULTS – Williams Companies, Inc. – slide 21
    WMB Non-GAAP Reconciliations WMB non-GAAP reconciliation schedule Reconciliation of Income (Loss) from Continuing Operations Attributable to The Williams Companies, Inc. to Adjusted Income (UNAUDITED) 2009 2010 (Dollars in…
  22. Q4 2010 RESULTS – Williams Companies, Inc. – slide 22
    WMB Non-GAAP Reconciliations Non-GAAP reconciliation schedule adjusted segment profit (loss) Reconciliation of Segment Profit (Loss) to Adjusted Segment Profit (Loss) (UNAUDITED) 2009* 2010 (Dollars in millions) 1st Qtr 2nd…
  23. Q4 2010 RESULTS – Williams Companies, Inc. – slide 23
    Corporate Adjusted segment profit guidance Dollars in millions 2011 Guidance 2012 Guidance 1,550 - 1,990 1,675 - 2,215 Williams Partners (WPZ) 1,475 - 1,840 1,575 - 2,065 220 - 570 250 - 900 Exploration & Production 155…
  24. Q4 2010 RESULTS – Williams Companies, Inc. – slide 24
    Corporate Capital expenditures guidance Dollars in millions 2011 Guidance 2012 Guidance 1,580 - 1,905 1,150 - 1,450 Williams Partners (WPZ) 1,180 - 1,530 905 - 1,255 1,150 - 1,750 1,300 - 2,100 Exploration & Production 870…
  25. Q4 2010 RESULTS – Williams Companies, Inc. – slide 25
    WMB Non-GAAP Reconciliations Segment profit guidance reported to adjusted Dollars in millions 2011 Guidance 2012 Guidance Low Midpoint High Low Midpoint High Reported segment profit: Williams Partners (WPZ) 1,550 1,770 1,990…
  26. Q4 2010 RESULTS – Williams Companies, Inc. – slide 26
    WMB Non-GAAP Reconciliations Reconciliation of forecasted reported income from continuing operations to adjusted income from continuing operations Dollars in millions 2011 Guidance 2012 Guidance Low Midpoint High Low Midpoint…
  27. Q4 2010 RESULTS – Williams Companies, Inc. – slide 27
    2011 The Williams Companies, Inc. All rights reserved.

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