WE MAKE ENERGY HAPPEN Williams and Williams Partners Barclays CEO Energy-Power Conference NYSE: WMB Alan Armstrong, President and CEO NYSE: WPZ September 6, 2017 williams.com
Strategy and Principles Foundation for Natural Gas Infrastructure Leadership Strategic Focus Guiding Principle Strategy remains focused Large-scale, competitive positions on natural gas volumes generate long-term value North…
Key Accomplishments in the Last Year Operations and Execution Financial Grew Transco capacity by nearly 25% 3.3 Billion in asset sales Transco Project In-service Capacity Transaction Close Cash Proceeds (Dth/d) (US MM) Atlantic…
Growing Gas Demand, Not Gas Price, Driving Williams Growth North American Natural Gas Demand by Sector (20112021) 120 5.00 LNG Export growth 20162021: 6.3 Bcf/d 100 4.00 4.00 80 3.01 3.00 /MMBtu 10 Bcf/d Bcf/d 60 2.51…
LNG Demand Growth Begins: Williams Positioned to Serve LNG Export Terminals Gas Flows to Sabine Pass in MMcf/d 2,500 2,000 1,500 1,000 500 0 Contracted with 4 of 6 LNG Facilities In-service or Under Construction (2…
Supply Grows to Meet Demand; Strong Contribution from Northeast North American Natural Gas Production by Region (20162021) 120 10 Bcf/d of Growth Expected in North America 20212026 100 Major Growth Regions 80 20162021 in Bcf/d 1…
Northeast Most Economic and Largest Remaining Undrilled Gas-directed Reserves Gas-directed Breakevens by U.S. Region 455 Tcfe Under 4.00 Henry Hub Price Cumulative Remaining Risked Reserves Tcfe 600 Northeast Has 73% of 500 the…
Williams Positioned to Benefit from Significant Opportunities in Northeast and Other Basins Natural Gas Forecasted Production by Region (20162021) Bcf/d 40 37.9 +15.2 Bcf/d Northeast Accounts for 30 More Than 75% of N.A. 22.7…
Bradford/Susquehanna Supply Hubs Ideally Situated in the Core of NE Marcellus Dry Gas Highly Competitive Reserves and Able Producers Drive Northeast Pennsylvania WILLIAMS SUSQUEHANNA Southwestern Energy SUPPLY HUB Gathering dedication…
Atlantic Sunrise: Permits Received, Expect Full Construction to Commence Fall 2017 Expected split of 2019 Modified EBITDA for Atlantic Sunrise Atlantic-Gulf interstate pipeline systems 1.7 MMDth/d Mid 2018 Atlantic Sunrise…
Currently Pursuing 20 Demand-Driven Expansion Opportunities Across Eastern Interstates Potential projects are primarily demand pull and along existing corridor Power generation, Industrial, LDC, LNG / Mexican exports Project…
Competitive Advantage of Current Footprint Assets Well-positioned for Growth History of tie-backs confirm value of competitive positions Devils Tower: anchor production May 2004 Triton & Goldfinger, September 2005 Bass Lite, February…
Stable West Gathering Volumes Recover vs. 1Q17; Customer Activity Points to Future Growth West Segment Gathering Volumes (Bcf/d) 2Q17 volumes up 4% over 1Q17 Recovery from production freeze-offs 4.60 4.68 4.72 Producer spending in…
Fully-contracted Regulated Pipelines, Portfolio of Non-regulated Services Offer Stability and Growth 34% of WPZ 2017 Gross Margin from Regulated Pipeline Demand Payments 2017 Forecasted Gross Margin Minimal commodity exposure with exit…
Visible, Contracted Growth Capital Focused on Transco and Northeast G&P Projects 64% of Growth Capital Expenditures for Regulated Projects 20172019 Forecasted Growth Capital Expenditures Susquehanna expansion supports supply to…
WPZ EBITDA Growth with Significant Deleveraging Through Commodity and Capital Market Volatility 01/02/15 2015 to 2016: 8% Year-Over-Year Growth 02/02/15 03/02/15 04/02/15 05/02/15 06/02/15 07/02/15 08/02/15 09/02/15 10/02/15…
Positioned for Long-Term, Sustainable Growth with Disciplined Capital Allocation and Financial Policies Compelling Continued strong growth in natural gas demand driven by LNG exports, industrial, LDCs, power Market generation, Mexican…
Forward-looking Statements 2017 The Williams Companies, Inc. All rights reserved. Barclays CEO Energy-Power Conference Sept 6, 2017 18
FORWARD-LOOKING STATEMENTS Forward-looking Statements (contd) The impact of operational and developmental hazards, unforeseen interruptions, and the availability of adequate insurance coverage; The impact of existing and future…
Non-GAAP Reconciliations 2017 The Williams Companies, Inc. All rights reserved. Barclays CEO Energy-Power Conference Sept 6, 2017 21
Reconciliation of Net Income (Loss) to Adjusted EBITDA 2015 2016 2017 (Dollars in Millions, Except Coverage Ratios) 1st Q 2nd Q 3rd Q 4th Q Year 1st Q 2nd Q 3rd Q 4th Q Year 1st Q 2nd Q Net Income (Loss) 112 332 (167) (1,635) (1,358) 79…