Agenda Continental Breakfast Welcome and Introductions John Porter CEO Perspective Alan Armstrong Access Midstream Bob Purgason Break Northeast Gathering & Processing Jim Scheel & John Seldenrust NGL & Petchem Services John…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. CUMULATIVE DEMAND GROWTH BY CENSUS REGION SINCE 2015, IN BCF/D -5 0 5 10 15 20 25 30 35 40 2016 2017 2018 2019 2020 2021 2022 2023 2024…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Supply Continues to Grow, Led by Northeast; Poised to Meet Demand Growth CEO Perspective Source: Wood Mackenzie -5 0 5 10 15 20 25 30…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Natural Gas Production Continues to Rise Despite Depressed Prices CEO Perspective Source: EIA, Baker Hughes, Williams Research Note: March and…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. U.S. Natural Gas Remains Most Cost-effective Feedstock CEO Perspective $/MMBtu Note: Historical CMAI Gulf Coast spot prices converted to a…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. If half of the Northeast US fuel oil use was displaced by natural gas, it would equate to roughly 800 MMcf/d of incremental natural gas NA…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Leaders Focused on Safe, Reliable Operations; Delivering Value CEO Perspective * Through 3/31/15, annualized PHMSA reports a total mileage of…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Significant, Growth-oriented Assets Positioned Across Natural Gas Value Chain CEO Perspective Approximately 30% U.S. Gas Volumes Touch Our…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Williams Positioned to Benefit from Demand Increases Along Major Interstate Corridors CEO Perspective Natural Gas Demand Growth in Bcf/d…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Already Capturing 36% of Future Demand, 2015?2025 CEO Perspective 1 These projects are Firm Delivery Lateral Service and do not add mainline…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Supply Driven Supply & Demand Driven Demand Driven 2015 to 2017 > Gulfstar One > Kodiak > Northeast G&P > CNRL Offgas* > Gunflint > Access…
WPZ Fee Revenues Projected to Increase Over $2.7 Billion as NGL Margins Decline 81% CEO Perspective 2011 to 2015 (Dollars in Millions) Note: Data does not include proportionate share of fee revenues or commodity margins from joint…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. $0 $1,000 $2,000 $3,000 2014 2015 2016 2017 Planning Williams 2015 Dividend of $2.38 with Annual Dividend Growth of Approximately 12.5%…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Positioned to Connect Best Supplies to Best Markets; Capture Emerging Demand-side Opportunities CEO Perspective > Reliable operations across vast…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. High Quality, Scalable Asset Base in High Growth Unconventional Plays WPZ ? Access 1Data as of quarter ended March 31, 2015. Volume represents…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Leading Contract Structure ? 100% Fixed Fee WPZ ? Access 1 Dedicated Acreage in all regions represents the gross acres dedicated to WPZ and it?s…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Near-term Volume Reduction Align Capital Spend with Volume Levelized Fee ($/Mcf) Volume CAPEX Near-term Volume Reduction Align Capital Spend…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Volume Levelized Fee ($/Mcf) CAPEX Improved Well Production CAPEX Volume Levelized Fee ($/Mcf) Improved Well Production Align Capital Spend…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. The Overall Integration Program is Being Executed in Three Phases WPZ ? Access Phase 2 Phase 3 2014 (implemented 1/1/15) 2015 H2 2015 onward >…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. WPZ ? Access > Identified cost savings of ~$2.4MM and reduction of 9 months of work to achieve One Williams, compared to alternatives (e.g.…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Modular Compression Facilities WPZ ? Access AUGUSTA FACILITY SLUG CATCHER DEHY TRAIN SKID B - 11
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Gathering Compression Integration WPZ ? Access Increased Speed to Market, Competitive & Predictable Cost, Reliable & Common Operations, Easy to…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. 0 100,000 200,000 300,000 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Owned HP Serviced HP Williams Compression ? Enhancing Our Capabilities WPZ ? Access…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. 2016 Central Operating Area For 2015 Included in Access Operating Area MISSISSIPPI LIME GRANITE WASH/ COLONY WASH WOLFBERRY DELAWARE…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Barnett ? Long-term Value Basin WPZ ? Access CONTRACT & INFRASTRUCTURE $2.0B Invested Capital Gas Gathering Systems 25 Pipelines 859 Miles…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Mid-Continent ? Vast Gathering Infrastructure WPZ ? Access CONTRACT & INFRASTRUCTURE $0.7B Invested Capital Gas Gathering Systems 106 Pipelines…
Haynesville ? Prolific Dry Gas Basin WPZ ? Access CONTRACT & INFRASTRUCTURE $1.4B Invested Capital Gas Gathering Systems 7 Pipelines 591 Miles Compression 17,713 HP System Capacity 1,650 MMcf/d Dedication 550,000 Acres Contract…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. > Product: Associated Gas (Oil), Wet Gas, & Dry Gas > Services: Gathering, Compression, Treating, & Processing > Volume: 109 MMcf/d (Net) >…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. > Product: Associated Gas (Oil) & Wet Gas > Services: Gathering, Compression, & Treating > Volume: 388 MMcf/d > State-of-the-art sour gas…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Eagle Ford ? The Fox Creek Gathering and Treating Expansion ! Expands gathering & treating footprint in Eagle Ford ! Gathering ? Minimum Volume…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Strong Fundamentals and Competitive Advantages Drive Robust, Visible Growth WPZ ? Access Access Midstream Growth Investment Opportunities 1…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Legacy Williams Footprint: Large-scale Infrastructure Established in Marcellus, Utica WPZ ? Northeast G&P 1 Represents 2015 estimated capacity at…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Access Integration Enhances Large-Scale Position WPZ ? Northeast G&P 1 Represents 2015 estimated capacity at year end 2 Utica Midstream is…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Combined Position to Serve Marcellus, Utica Wet/Dry Gas WPZ ? Northeast G&P 1LMM, Blue Racer and Utica Supply Hub are partially owned systems.…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Millennium Transco Tennessee Constitution Atlantic Sunrise Wyoming NE PA Footprint: Heart of Low-Cost Marcellus WPZ ? Northeast G&P Market…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Susquehanna Supply Hub Large-scale Gathering System in Northeast PA WPZ ? Northeast G&P * Excludes Constitution, estimated in-service date is…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Bradford Supply Hub Largest Gathering Footprint in the Dry Marcellus WPZ ? Northeast G&P Constitution ? Epsilon ? Mitsui ? Statoil Tennessee…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Susquehanna and Bradford Supply Hub WPZ ? Northeast G&P Existing Proposed Gulf Coast Southeast Markets Bradford Northeast Markets Canada…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Utica Supply Hub Vertically Integrated in Rapidly Expanding Basin WPZ ? Northeast G&P LEADING ASSETS POSITIONED TO SERVE PRODUCERS IN THE WET &…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Utica Supply Hub Vertically Integrated in Rapidly Expanding Basin WPZ ? Northeast G&P Kensington Plant Leesville Plant Harrison Hub LEADING…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All Ohio River Supply Hub: Well Positioned to Se Dry Gas in Growing Marcellus and Utica Basin WPZ ? Northeast G&P A Powerful Combination of Assets to Serve Southern…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Laurel Mountain Midstream Covers Broad Footprint in Western PA WPZ ? Northeast G&P CONTINUED SYSTEM EXPANSION THROUGH JV WITH CHEVRON > JV with…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Marcellus South Expanding in Liquids-Rich Growth Basin WPZ ? Northeast G&P LARGE ACREAGE DEDICATION ON THE WET GAS MARCELLUS BASIN > 65% WPZ…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Ohio Valley Midstream Large-scale Presence in Liquids-rich Marcellus WPZ ? Northeast G&P Ft. Beeler Moundsville Oak Grove Proposed Liberty…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Caiman Energy II/Blue Racer Midstream JV Interest Enhances Presence in Utica Shale WPZ ? Northeast G&P Natrium Berne FOCUSES ON COUNTIES IN…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Expanding Ethane Market Connectivity WPZ ? Northeast G&P Houston, PA Gulf Coast Petchem Mariner W ATEX Canada Markets Local Petchem…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Utica and Ohio River Ethane Market Hub WPZ ? Northeast G&P * Under Evaluation Gulf Coast Canada Local Power Plants* Exports/ East Coast…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Expanding Propane, Butane, Natural Gasoline Market Connectivity WPZ ? Northeast G&P Existing Under Evaluation Gulf Coast UMTP Moundsville…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Utica and Ohio River Propane, Butane and Natura Gasoline Market Hub WPZ ? Northeast G&P * Under Evaluation Gulf Coast Canada Local Heating…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Existing Pipeline / Connections Proposed Pipeline Utica, Ohio River Expanding Market Hub for Gas WPZ ? Northeast G&P Gulf Coast Ontario…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Additional Growth Opportunities for Dedicated Acreage in NW PA and NE Ohio WPZ ? Northeast G&P Rex, Shell and Chevron Acreage Dedications…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Strong Fundamentals and Competitive Advantages Drive Robust, Visible Growth WPZ ? Northeast G&P Northeast G&P Growth Investment Opportunities >…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Delivering Large Scale Infrastructure for Fastest-Growing Supply Area in the U.S. WPZ ? Northeast G&P Partially owned system volumes are shown at…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Leading Gathering Position in Preeminent Gas Basin in North America WPZ ? Northeast G&P 2 Partially owned gathering system volumes are shown at…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Uniquely Positioned to Benefit from a Broad Spectrum of Opportunities NGL & Petchem Services Serving Demand Growth Enabled by Abundant Natural…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. NGL & Petchem Services Progressing Against Plan > Geismar operating at base capacity ? Full expanded capacity expected in June > Advancing our…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. NGL & Petchem Services North America Enjoys Sustainable Natural Gas-based Advantage Source: IHS, World Ethylene Analysis 2015 > Naphtha expected…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Ethane Sustains North American Investment NGL & Petchem Services Cost Advantage Remains Through a Wide Range of Commodity Prices Source: Wood…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Ethane Supplies Are Plentiful in North America Ethane Remains Competitive Feedstock After Paying for Infrastructure Source: Wood Mackenize,…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Driving Growth in Guidance and Beyond NGL & Petchem Services NGL & Petchem Services Contributes to Williams Growth Potential 1 Guidance presented…
Analyst Day 2015 | May 13, 2015 Geismar Plot P Rebuilt and Expande D - 12
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Propylene Geismar Plant Currently Operating at Base Rate Expansion Awaiting Repair to EBR System Transformer New C2 Dryer Battery Limits…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Geismar Expansion and Modernization NGL & Petchem Services Restore Confidence in Geismar?s Reliability > Expectations and focus: ? Production…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Pipeline Projects Meeting Market Demands NGL & Petchem Services Texas Belle and Bayou Ethane Now Operational WMB TEXAS BELLE PIPELINE >…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Promesa Open Access Ethylene Pipeline NGL & Petchem Services Pipeline in Construction Note: Ethylene supply and consumption data per IHS >…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Expanding Liquids Extraction and Fractionation > Suncor-sourced liquids production of 6.9 million barrels included full-year of ethane…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. NGL & Petchem Services Land-locked Propane Converted to Globally Competitive Polypropylene > Propylene capacity of 525 KTA ? 450 KTA fee for…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. NGL & Petchem Services Demand Increasing for NGL Services > Cochin Reversal, Powder River Growth and Bakken Growth contributing to increasing…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. NGL & Petchem Services Williams Now Largest Rail Service Provider in Mid-continent > Increased rail car capacity by 70% > Provides an additional…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Connecting Supplies with Global Markets NGL & Petchem Services COMPETITIVE ADVANTAGES STATUS OF PROJECT > Builds into Mississippi River ethylene…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. NGL & Petchem Services > Enhance operational discipline and safety performance > Bring expanded Geismar plant into sustainably safe operations…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Reliable Operations Spanning from New Mexico to Pacific Northwest WPZ ? West Key Operating Data ? West Miles of Gathering Pipe: 7,927 Miles of…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Durable, Fee-based Revenue 87% of Gross Margin and Expected to Continue Growing WPZ ? West $1.2 BILLION GROSS MARGIN - 2015 48% 39% 2% 11%…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. West G&P: Scale, Stability, Potential Growth WPZ ? West > Prolific reserves throughout region > Large-scale positions provide competitive…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. West G&P Delivers Significant Volumes, Revenue WPZ ? West 1 Reflects volumes gathered on Williams-operated systems. GATHERING VOLUME BY QUARTER…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. WPZ ? West Source: Williams Research ROCKIES PRODUCER\'S GAS + NGL VALUE & FEES ? 2015 ($/Mcf) Rockies Producer Margins Still Strong Thanks to…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Northwest Pipeline: Delivering Value for Customers in Pacific Northwest WPZ ? West 1 In the mega/major pipeline category. Northwest Pipeline >…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Strong Fundamentals and Competitive Advantages Drive Growth Opportunities WPZ ? West West Growth Investment Opportunities 1 Guidance presented…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Pacific Northwest Demand Growth Heating Up WPZ ? West > Announced New Market Opportunities ? LNG Export ? Methanol Export ? Fertilizer Plants…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Pacific Connector to Serve Global Markets WPZ ? West >To serve proposed Jordan Cove LNG export terminal >232-mile, 36-inch pipeline; initial…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Abundant Supply + Strong Demand = Rapid Growth WPZ ? Atlantic - Gulf CONNECTING THE BEST SUPPLIES Marcellus-Utica, Gulf Coast TO THE BEST…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Eastern Interstates: Nation?s Largest, Fastest-growing Interstate Pipeline Systems WPZ ? Atlantic - Gulf $5.1 CAPITAL INVESTED PLACED INTO…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Gulf West: Strong Competitive Position for Mexico, Deepwater Business WPZ ? Atlantic - Gulf > Well positioned for Alaminos Canyon, Pemex, and…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Gulf East: Tiebacks Drive New Opportunities WPZ ? Atlantic - Gulf CONTRACTED: > Appomattox development (Norphlet Play) ? gas gathering,…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Discovery: Keathley Canyon Connector? Ramps Up WPZ ? Atlantic - Gulf > 400 MMcf/d capacity > Lucius First Gas: Feb. 7, 2015 > Hadrian South…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Eastern Interstates: Unprecedented Growth with Fully Contracted Projects WPZ ? Atlantic - Gulf * Represents Williams ownership percentage. The…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Eastern Interstates: Growth Volumes Well Balanced Among High-quality Customers WPZ ? Atlantic - Gulf > Distribution of total volume growth (6.9…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Customer Demand Drives New York Bay Project WPZ ? Atlantic - Gulf > Expansion from Station 195 in York County, Pa., to two existing delivery…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Atlantic Sunrise: Unlocking Marcellus Access WPZ ? Atlantic - Gulf > Bolsters connection to growing Marcellus supplies > 1.7 MMDth/d fully…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Proposed Appalachian Connector Leverages Northeast G&P?s Ohio Valley Midstream Position WPZ ? Atlantic - Gulf > Incremental firm transportation…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Northern Market: Continuing Strong Growth WPZ ? Atlantic - Gulf VA 195 210 New York City Leidy Hub Constitution ? 650 MDth/d ? 2016…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Power Gen Fuels Southern Market Expansions WPZ ? Atlantic - Gulf 85 160 165 Virginia Southside II ? 250 MDth/d ? 2017 Virginia Southside ?…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Gulf Market Area Expansions Serving LNG and Industrial Customers WPZ ? Atlantic - Gulf 45 50 65 30 Gulf Connector ? 1,200 MDth/d ? 2019…
Analyst Day 2015 | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. Unprecedented Growth Expected Through 2020 WPZ ? Atlantic - Gulf Atlantic - Gulf Growth Investment Opportunities 1 Guidance presented here is at…
Williams Analyst Day | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. WPZ Is a Premier Energy-Infrastructure Investmen Financial Outlook ? WPZ > ACMP/WPZ merger created leading natural gas MLP with strong cash…
Williams Analyst Day | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. 29% 29% 31% 7% 4% 0 WPZ expecting ~ 88% fee-based gross margins for 2015-2017 2015 FORECAST: $6.9 BILLION (includes proportional JV…
Williams Analyst Day | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. 52% 21% 26% Note: Growth capital dollars and fee-based percentage calculated at midpoint of guidance range. WPZ allocating 99% of $9.3…
Williams Analyst Day | May 13, 2015 ? 2015 The Williams Companies, Inc. All rights reserved. 52% 21% 26% Note: Growth capital dollars and fee-based percentage calculated at midpoint of guidance range. WPZ allocating 99% of $9.3…