$2 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. CEO Perspective > Right long-term strategy at the right time > Ideally positioned assets, sustainable competitive positions > Market…
$3 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Strong, Capable Senior Management CEO Perspective John Dearborn Jim Scheel Allison Bridges Rory Miller Don Chappel NGL & Petchem…
$4 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Diverse, Large-Scale Strategic Positions Delivering Value Today, Ongoing Growth CEO Perspective Marcellus-Utica Zoom-in View
$5 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. North America Large-Scale Open Access Open Markets Williams? Operations Create Broad Market Vantage Point CEO Perspective Figures…
$6 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Market Dynamics Drive Sustained Opportunity CEO Perspective MARKET DYNAMICS CREATING DEMAND FOR NATURAL GAS AND NGLS Short Term Expect…
$7 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. 0 20 40 60 80 100 120 2000 2005 2010 2015 2020 2025 2030 Northeast Rockies San Juan Gulf of Mexico Fort Worth…
$8 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. 0 20 40 60 80 100 120 2000 2003 2006 2009 2012 2015 2018 2021 2024 2027 2030 Demand Shows Up in Response to Supply, Price; 105 Bcf/d…
$9 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Growing NGL supplies require big infrastructure CEO Perspective 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 2008…
$10 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Supply Development Upstream Shale Innovation Changes Everything CEO Perspective THEN NOW Infrastructure Development Market Structure…
$11 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Discontinuity in Value Chain as Infrastructure Gaps Yield Market Barriers CEO Perspective U.S. SHALE NGLs Infrastructure investment…
$12 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Our Strong Competitive Position Creates Advantages to Clear Barriers CEO Perspective Connect & Help Grow BEST SUPPLIES & BEST MARKETS…
$13 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Our Strategy ? More Relevant Than Ever CEO Perspective Big Picture > Be the premier provider of reliable large-scale infrastructure…
$14 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Number of Recent Incidents Is Unusual CEO Perspective # INCIDENTS / 1,000 MILES RELEASE VOL (MCF Gas / Mi) * Through 3/31/14, annualized…
$15 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. We Are Committed to and Focused on: CEO Perspective OPERATIONAL EXCELLENCE TO SUPPORT HEALTH & SAFETY OF WORKFORCE PROTECTION OF…
$16 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Competitive Advantages Delivering Large-Scale Projects, Long-Term Value Creation CEO Perspective > Increased fee-based revenues to >80% of…
$17 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Big recent investment delivering big cash flow growth in 2014-2017+ CEO Perspective 1 Represents midpoint of range of 5%-7% in 2014-2015…
$18 Williams Analyst Day | 5/1/14 ? 2014 The Williams Companies, Inc. All rights reserved. CEO Perspective Clear Line of Sight to Major Growth Now? ?and Beyond Guidance Period
NGL & Petchem Services John Dearborn Senior Vice President
B - 2 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Enabling Natural Gas Development, Driving Demand for NGLs and Low-Cost Feedstocks NGL & Petchem Services SERVICES TO THE NGL SUPPLY CHAIN…
B - 3 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. NGL & Petchem Business Portfolio NGL & Petchem Services COMPETITIVELY ADVANTAGED MARGINS FEE FOR SERVICE Pipelines Fractionation…
B - 4 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Key Business Drivers NGL & Petchem Services Connecting Advantaged Supply Centers to New Demands > Open access to N value chain and market…
B - 6 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. NGL Supply Growing? But Far from Demand Centers NGL & Petchem Services Regional Changes in NGLs (Mbpd, 2013?2023) Source: Wood Mackenzie,…
B - 7 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Infrastructure Constraints Drive Volatility NGL & Petchem Services Support Needed From All Market Participants Source: Williams research…
B - 8 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Ethane Supplies Are Plentiful In An Unconstrained Infrastructure Environment Source: Williams research, IHS. The use of this content was…
B - 9 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. New Ethylene Capacity Growing Slowly NGL & Petchem Services Support for Attractive Pricing Source: IHS Inc. The use of this content was…
B - 10 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. North America Competitive Advantage NGL & Petchem Services Sustainable in Nearly All Price Scenarios Source: Wood Mackenzie 60 30 Cents…
B - 11 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Where Will All the C3+ Go? NGL & Petchem Services WILLIAMS REACTION > PDH unit(s) in Canada > Jackrabbit propylene hub to link new…
B - 12 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. NGL & PETCHEM GROWTH PROJECTS NGL & Petchem Services
B - 13 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Mid-Continent Maximization WPZ ? NGL & Petchem Services CURRENT MAJOR PROJECTS > Conway Storage ? Increasing EP and heavier products…
B - 14 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Geismar Expansion and Modernization WPZ ? NGL & Petchem Services > Objectives: ? Bring the plant into sustainably safe operations ?…
B - 15 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. BASF Chevron Phillips DuPont Eastman ExxonMobil Flint Hills Resources Williams Geismar Expansion Williams Geismar 2 (proposed) Chevro…
B - 16 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. U.S. Merchant Market Expected to Remain Balanced to Short NGL & Petchem Services Williams Well-positioned Against This Segment PROOF…
B - 17 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Geismar Benefits from Strong Forward Margin Environment NGL & Petchem Services Historical CMAI spot prices for ethylene and ethane. Forward…
B - 18 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Geismar 2: Proposed Fee-for-Service JV Cracker Investment WMB ? NGL & Petchem Services COMPETITIVE ADVANTAGES > Grows fee-for-services…
B - 19 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Williams Gulf Coast Petchem Services WMB / WPZ ? NGL & Petchem Services New Plants Need New Logistics Services CURRENT MAJOR PROJECTS >…
B - 20 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Our Canada Growth Story WPZ ? NGL & Petchem Services > Existing asset position ? Ft. McMurray Cryo at Suncor 26 Mbpd ? Boreal Pipeline 43…
B - 21 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. $0.00 $0.25 $0.50 $0.75 $1.00 Sustainable Canadian Feedstock Advantage NGL & Petchem Services Historical CMAI spot pricing for…
B - 22 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Our Canadian Growth Story Continues WMB / WPZ ? NGL & Petchem Services Oil Sands Offgas Value Upgrade > Suncor Upgrader Offgas ? Added…
B - 23 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Fee-for-Service Upgrade of Propane to Propylene WMB ? NGL & Petchem Services Capitalizes on Advantaged Propane in Canada PROPOSED CANADA…
B - 24 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Bring the expanded Geismar plant into sustainably safe operations and secure additional fee for service cracker investment(s) Deliver the…
B - 25 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. NGL & Petchem Services NGL & Petchem Services
C - 2 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Northeast Overview WPZ ? Northeast G&P DELIVERING LARGE-SCALE INFRASTRUCTURE Serving fastest growing U.S. volumes FOUNDATIONAL…
C - 3 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Susquehanna Supply Hub (SSH) ? 2015* 3 Bcf/d takeaway capacity Laurel Mountain Midstream (LMM) ? 2015* ~700 MMcf/d gathering capacity Blue…
C - 4 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. SSH ? ZICK STATION
C - 5 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Susquehanna Supply Hub: Building Large-scale Gathering System in Northeast PA WPZ ? Northeast G&P SIGNIFICANT SUPPLY HUB WITH ACCESS TO…
C - 6 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. 0 500 1,000 1,500 2,000 2,500 2012 2013 2014 2015 Susquehanna Expects Gathering Volume To Grow 3x from 2012 to 2015 WPZ ? Northeast…
C - 7 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. ATLANTIC SUNRISE > Target in-service date is second half of 2017 accessing new markets in Eastern seaboard to Gulf Coast > Estimated to be…
C - 9 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Laurel Mountain Midstream Covers Broad Footprint in Western PA and Eastern Ohio WPZ ? Northeast G&P Dedicated Acreage CONTINUED SYSTEM…
C - 10 Williams Analyst Day | 5/14/14 ? 20 Laurel Mountain Midstream Opti Buildout in Response to Updated WPZ ? Northeast G&P Note: Laurel Mountain Midstream average annual gathered volumes are 100% amounts. W 0 100 200 300 400…
C - 12 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Ohio Valley Midstream Provides Large-scale Presence in Liquids-rich Area WPZ ? Northeast G&P EXTENSIVE ACREAGE, GATHERING AND PROCESSING…
C - 13 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Executing Key Ohio Valley Projects To Drive System Capacity Growth WPZ ? Northeast G&P *Reflects expected in-service dates Several Central…
C - 14 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. 167 234 335 651 0 100 200 300 400 500 600 700 2012 2013 2014 2015 Expect Strong Growth in Ohio Valley Area Despite Short-term…
C - 15 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. OVM Delivering Value WPZ ? Northeast G&P CRP = Central Receipt Point; NGL = Natural Gas Liquid CRPs Condensate Stabilizer Oak Grove…
C - 16 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. OVM Delivering Value WPZ ? Northeast G&P CRP = Central Receipt Point; NGL = Natural Gas Liquid RVP12 Stabilized Condensate CRPs…
C - 17 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. OVM Delivering Value WPZ ? Northeast G&P RVP12 Stabilized Condensate Condensate CRPs Oak Grove Processing Ft. Beeler Processing End…
C - 17 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. OVM Delivering Value WPZ ? Northeast G&P RVP12 Stabilized Condensate Condensate CRPs Oak Grove Processing Ft. Beeler Processing End…
C - 19 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. OVM Delivering Value WPZ ? Northeast G&P RVP12 Stabilized Condensate CRPs End User Interstate Pipeline De-ethanizer Fractionation…
C - 20 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. OVM Delivering Value WPZ ? Northeast G&P CRP = Central Receipt Point; NGL = Natural Gas Liquid RVP12 Stabilized Condensate CRPs End…
C - 21 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. OVM Delivering Value WPZ ? Northeast G&P CRP = Central Receipt Point; NGL = Natural Gas Liquid RVP12 Stabilized Condensate CRPs End…
C - 22 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. OVM Delivering Value WPZ ? Northeast G&P CRP = Central Receipt Point; NGL = Natural Gas Liquid RVP12 Stabilized Condensate CRPs End…
C - 23 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Caiman Energy II/Blue Racer Midstream JV Interest Enhances Presence in Utica Shale WPZ ? Northeast G&P Three Rivers Midstream FOCUSES ON…
C - 24 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 2012 2013 2014 2015 2016 Delivering Large Scale Infrastructure for Fastest-Growing Supply Area…
C - 25 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. WPZ ? Northeast G&P Northeast Gathering & Processing DEVELOPING LARGE-SCALE INFRASTRUCTURE FOUNDATIONAL INFRASTRUCTURE IN PLACE MAXIMIZING…
D - 2 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. West Overview WPZ ? West STABLE CASH FLOW, HIGH RETURNS Steady businesses continue to deliver significant value WILLIAMS? STRATEGY IS…
D - 3 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Fee-based Revenue Increasing; Gross Margin Mix Expected to Improve to 84% Fee-based by 2015 WPZ ? West 1 2013 equity NGL margin includes a…
D - 4 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. $3.00 $4.00 $5.00 $6.00 2013 2014 2015 2016 Gas Price (Henry Hub) NGL Uplift to Producer Expect to Continue Delivering Significant…
D - 5 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. West G&P: Scale, Stability, Potential Growth WPZ ? West > Large-scale positions provide competitive advantages > Business generating strong…
Greater than 20% Production Growth in West by 2020; Well Positioned for Emerging Supply Opportunities WPZ ? West > Piceance Basin ? 330,000 acres under life of lease dedication in the Niobrara ? Competitively positioned to capture…
D - 7 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Northwest Pipeline: Backbone of the Pacific Northwest Gas Delivery System WPZ ? West > Plentiful, diverse supply sources ? British…
D - 8 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. > $1.5+ billion project (100%) to serve proposed Jordan Cove LNG export terminal > 232-mile, 36-inch pipeline; initial capacity = 1 Bcf/d…
D - 9 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Q4 2014 FERC Certificate Target MID-YEAR 2015 Final Investment Decision/Construction Start Q4 2018 Target In Service Date FERC…
D - 10 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Pacific Northwest Potential Market Growth Heating Up WPZ ? West Blue = Proposed Expansion Projects (not included in guidance) Green =…
D - 11 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. West Summary WPZ ? West STABLE CASH FLOW, HIGH RETURNS LARGE-SCALE POSITION SUPPORTS STRATEGY WELL-POSITIONED FOR GROWTH
Atlantic - Gulf Rory Miller Senior Vice President
E - 3 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Connecting the Best Supplies to the Best Markets WPZ ? Atlantic - Gulf ATLANTIC ? GULF > Integrated with Northeast G&P > Unprecedented…
E - 4 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Atlantic ? Gulf Competitive Advantages WPZ ? Atlantic - Gulf TRANSCO: PIPELINE OF CHOICE > Sustainable supply diversity > Flexible,…
E - 5 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Transco: Nation?s Largest, Fastest Growing Interstate Pipeline System WPZ ? Atlantic-Gulf Dates reflect expected in-service dates. The…
E - 6 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Constitution Pipeline: New Market Access for Marcellus Production WPZ ? Atlantic - Gulf > A 124-mile, 30-inch pipeline connecting Williams…
E - 7 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Atlantic Sunrise: Major Transco Expansion Underpinned by Long-term Commitments WPZ ? Atlantic - Gulf > 15-year binding firm-transportation…
E - 8 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. 8 6 10 12 14 16 18 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 2003 2005 2007 2009 2011 2013 2015 2017 Transco…
E - 11 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. WPZ ? Atlantic - Gulf Power Generation Demand Drives Strong Transco Growth 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000…
E - 12 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Court Upholds EPA MATS Rule WPZ ? Atlantic - Gulf Source: U.S. Environmental Protection Agency. Zone 6 Zone 5 Zone 4 Zone 3 Zone 2…
E - 13 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. WPZ ? Atlantic - Gulf LNG EXPORTS Photo courtesy of the Center for Liquefied Natural Gas.
E - 14 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. LNG LNG LNG LNG LNG LNG LNG Service Opportunities Increase Along Transco System Path WPZ ? Atlantic - Gulf * FTA/non-FTA approved by…
E - 15 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. WPZ ? Atlantic - Gulf MARCELLUS SHALE SUPPLIES
E - 16 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Marcellus Gas Flow Soars on Leidy, Susquehanna Supply Hub Volumes WPZ ? Atlantic - Gulf 0 500 1,000 1,500 2,000 2,500 3,000 3,500…
E - 17 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Gulfstream: Stable, High-Return Base Asset WPZ ? Atlantic - Gulf > 50% WPZ ownership interest > Flexible supply ? Gulf of Mexico ?…
E - 18 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. WPZ ? Atlantic - Gulf THE GULF LARGE SCALE; READY ASSETS
E - 19 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Rising Activity Drives Value of Aggregation Service WPZ ? Atlantic - Gulf Source: Rigdata.com DRILLING RIG ACTIVITY IN DEEPWATER GULF OF…
E - 20 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Atlantic ? Gulf Competitive Advantages WPZ ? Atlantic- Gulf GULF OF MEXICO: INTEGRATED ASSETS > Large-scale infrastructure > Strategically…
E - 21 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Eastern Gulf Growth Projects and Opportunities WPZ ? Atlantic - Gulf > Gulfstar One ? Tubular Bells (GS1) ? expected online 3Q 2014 >…
E - 22 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Gulfstar One on Track for First Oil WPZ ? Atlantic - Gulf > Speed to market: first oil expected in 3Q > Design one, build many >…
E - 23 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Western Gulf Growth Projects and Opportunities WPZ ? Atlantic - Gulf > Well positioned for Deep Nansen, Pemex deepwater opportunities >…
E - 24 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Project Execution: Keathley Canyon Connector WPZ ? Atlantic - Gulf > 400 MMcf/d capacity > Expected to be in service by 4Q > Long-term…
E - 26 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Atlantic - Gulf Outlook WPZ ? Atlantic - Gulf UNPRECEDENTED GROWTH > Strong, growing fee-based revenues > Abundant opportunities across…
E - 27 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Atlantic - Gulf: Indispensable Infrastructure WPZ ? Atlantic - Gulf
WPZ and WMB: Financial Outlook Don Chappel Chief Financial Officer
G - 2 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. Williams Partners L.P. (WPZ) Financial Outlook
G - 3 Williams Analyst Day | 5/14/14 ? 2014 The Williams Companies, Inc. All rights reserved. WPZ Expects Strong Growth 2016 vs. 2013 Financial Outlook ? WPZ > DCF up nearly 75% 2016 vs. 2013 (~20% CAGR) > DCF per common unit up 41%…