Wells Fargo Pipeline, MLP and Utility Symposium Alan Armstrong, Chief Executive Officer December 6, 2016
Key Drivers of Williams Value Steady natural gas demand growth expected to continue, Growing supported by low-cost production Demand for Natural Gas Williams assets directly tied to areas of greatest market growth Large-scale…
Steady Natural Gas Demand Growth to Continue NORTH AMERICAN NATURAL GAS DEMAND BY SECTOR (2008-2020) 105 10 8.90 90 12 Bcf/d Growth 16-20 Key Demand Drivers 8 75 LNG Exports 5.0 18.7 Bcf/d Growth 3.5 Industrial /MMBtu…
Leading Fee-based Natural Gas Assets Connecting demand growth with best supply basins +12 24 36 0 +0 +2 12 12 15 15 0 15 17 13 13 +7 26 33 +2 +3 12 14 37 40 Regional Production change, 2016 to 2020 (Bcf/d) (1)…
Unlocking Low-cost Northeast Gas Supplies Growth in Marcellus/Utica takeaway capacity and production (2016 to 2020) 25 20 15 Bcf/d 10 5 0 2016 2017 2018 2019 2020 Marcellus Forecasted Growth Utica Forecasted Growth…
Strong Production Growth Expected in Areas Served by Williams G&P Assets Williams Exposed to High Growth Areas and Sub-plays Within Best Basins 12 Bcf/d of growth expected across NE basins Wood Mackenzie production forecast in…
Steady Progress in Challenging Regulatory Environment REGULATORY MILESTONES FOR FULLY CONTRACTED REGULATED EXPANSIONS(1) Other Federal / State / Local Permits Shipper FERC Certificate FERC FERC Under In-service Commitments…
Proven Track Record of Execution We said We did Produce strong, consistent WPZ YTD Q316 Adj. EBITDA up 10% YoY operating results All Segments show Adjusted EBITDA growth Execute projects; drive EBITDA growth Kodiak, Gunflint,…
Transformation to Stable, Predictable Cash Flows Fee-based Revenues Increased Over 2.6 Billion; 2015 2015 NGL Margins 3% of Gross Margin Buckinghorse Plant Geismar Expansion 2014 Mobile Bay South III CPV Woodbridge Access…
WPZ Fee-based Revenue Drives Predictable Adjusted EBITDA and DCF WPZ Financial Metrics Actions support cash flow stability 1.5 Capital program focused on Transco 1.3 and other fee-based revenue US Billions 2.7 B - 3.2 B growth…
Focused Strategy, Improved Execution Driving Value; Considerable Upside Remains 3 Years Prior to ETE Announcement (1) During ETE Transaction (2) Since ETE Transaction Termination (3) Williams historically traded in line with its…
Key Drivers of Williams Value Steady natural gas demand growth expected to continue, Growing supported by low-cost production Demand for Natural Gas Williams assets directly tied to areas of greatest market growth Large-scale…
Non-GAAP Reconciliations
WPZ Non-GAAP Reconciliations Reconciliation of Non-GAAP Adjusted EBITDA and Distributable Cash Flow to GAAP Net Income 18 Wells Fargo Pipeline, MLP and Utility Symposium December 6, 2016 2016 The Williams Companies, Inc. All rights…
WPZ Non-GAAP Reconciliations Reconciliation of Non-GAAP Adjusted EBITDA and Distributable Cash Flow to GAAP Net Income (contd) 19 Wells Fargo Pipeline, MLP and Utility Symposium December 6, 2016 2016 The Williams Companies, Inc.…
WPZ Non-GAAP Reconciliations Reconciliation of Modified EBITDA to Non-GAAP Adjusted EBITDA 20 Wells Fargo Pipeline, MLP and Utility Symposium December 6, 2016 2016 The Williams Companies, Inc. All rights reserved.
WPZ Non-GAAP Reconciliations Adjustments to Modified EBITDA by Segment 21 Wells Fargo Pipeline, MLP and Utility Symposium December 6, 2016 2016 The Williams Companies, Inc. All rights reserved.