Skip to main content Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. Investor Presentation | Shale Experts
Loading...
Pm

Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc.

Williams Companies, Inc. · Mar 5, 2019 · 36 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. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 1
    NYSE: WMB williams.com WE MAKE ENERGY HAPPEN Raymond James & Associates 40th Annual Institutional Investors Conference Alan Armstrong, President and CEO March 5, 2019 Gulf Connector Expansion Project Transco, Atlantic-Gulf
  2. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 2
    Williams is a unique large-scale, low-volatility, growing natural gas infrastructure company with high quality revenues STABILITY GROWTH YIELD & COVERAGE Irreplaceable asset base handling 30% of Nations largest and fastest growing…
  3. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 3
    Consistently delivering on our promises Key 2018 results exceeded guidance midpoints In Billions except for percentages, ratios and per share amounts 2018 GUIDANCE1 0.193 (Reported) 1.108 (Adjusted) Net Income 0.975 1.075 1.175…
  4. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 4
    Environmental Social Governance (ESG): Creating value responsibly SAFETY ENVIRONMENTAL Strong safety reporting and continuous improvement culture Comprehensive Integrated Management System creates disciplined EHS Robust Pipeline…
  5. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 5
    Consistent strategy focused on natural gas volume growth WILLIAMS HANDLES 30% OF U.S. NATURAL GAS VOLUMES Gas End Users Industrial Residential/ Commercial Wellhead Gathering Gas Processing Plants Natural Gas (onshore and…
  6. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 6
    Connecting the best supplies to the best markets with advantaged infrastructure Williams U.S. Asset Map NORTHEAST G&P Operating Area Large-scale asset footprint in place Significant production growth driven by infrastructure…
  7. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 7
    Irreplaceable infrastructure supplying some of the nations largest cities U.S. Counties Color-coded by Population Density vs. Williams Regulated Northwest Natural Gas Pipelines Pipeline Legend Transco Population per sq. mile…
  8. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 8
    Natural gas will continue to win global market share NATURAL GAS VS. OIL DEMAND GROWTH (2011 TO 2027); HENRY HUB AND WTI PRICES (MMBTU) 18 45% Cumulative Global Demand Growth Since 11 Forecast 16 40% 14 35% Oil & Gas Price in…
  9. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 9
    Robust domestic and global natural gas demand forecasts continue to rise, reaching 103 Bcf/d by 2021 2018 UNITED STATES PRODUCTION UNITED STATES NATURAL GAS DEMAND BY SECTOR (20142021) BY REGION IN BCF/D 120 5 105 4.37 CAGR 17-18:…
  10. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 10
    Natural gas continues to be the preferred fuel type for new power generation projects in the United States, followed by renewables Power Generation Projects Under Construction Fuel Type of Carbon intensity from the U.S. power sector by…
  11. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 11
    2nd wave of U.S. LNG export projects expected to drive an additional 6 Bcf/d of growth through 2028 Williams Asset Map + Third-party Liquefaction Plants Sabine Pass Cove Point Corpus Christi Cameron Elba Island Freeport 2nd Wave Gulf…
  12. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 12
    Attractive returns on visible growth capital across the portfolio 2018 2019 2020 2021 2022+ Transco Atlantic Sunrise West North Seattle Lateral Upgrade Transco Hillabee Phase 2 Transco Gateway Transco Leidy South DEMAND DRIVEN 1.7…
  13. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 13
    Fully-contracted Transco expansions provide clear visibility into forecasted revenue TRANSCO FULLY-CONTRACTED YEAR-END DELIVERY CAPACITY AND FEE-BASED REVENUE 20 2.75 Attractive Returns on Growth Projects 18.9 18.3 2017(1) 2018(2)…
  14. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 14
    Fully contracted projects supplemented by significant backlog of additional growth opportunities U.S. Map of Williams Assets, Highlighting Transco Pipeline Pursuing 20+ different expansion opportunities Transcos 20+ Projects…
  15. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 15
    Northeast G&P: Large footprint with room to grow UTICA SUSQUEHANNA SUPPLY SUPPLY HUB(1) HUB Cardinal Gathering(3) 3.6 Bcf/d of gathering capacity in Flint Gathering dry gas Utica East Ohio (UEO)(2) BRADFORD 2.7 Bcf/d of gathering…
  16. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 16
    Key producers in prime acreage driving Northeast G&P growth 1 BCF/D NORTHEAST GATHERING VOLUME GROWTH: DRIVERS OF EXPECTED 15% NORTHEAST GATHERING VOLUME 4Q 2018 vs. 4Q 2017 (BCF/D) CAGR 2018-2021 8 NORTHEAST PENNSYLVANIA 14% 5+…
  17. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 17
    Gulf of Mexico: Substantial discoveries in close proximity to existing assets expected to facilitate long-term growth MS AL 7 tiebacks contracted, expecting more LA FL Shell Appomattox dedication, Norphlet pipeline option Producer…
  18. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 18
    Bluestem Pipeline Project: Strategic partnership connecting Western supplies to Gulf Coast markets Growing NGL production from West G&P assets driving need for incremental connectivity to premium markets Delivers a long-term…
  19. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 19
    Fee-based business structure reinforces stability in cash flows 97% of 2019 Gross Margin from Fee-based Sources 2019 Gross Margin (1) 3% NGL and Other Commodity 38% Regulated Gas Pipeline Exposure Fee-based Revenue Reduced commodity…
  20. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 20
    Steady and predictable growth despite assets sales and commodity price volatility Assets sales Williams Adjusted EPS 2017-2019 1.10 of over 4.6B High 1.01 1.00 Canadian Olefins in 16; Geismar in 17; Four Corners 0.90 & Gulf Pipes…
  21. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 21
    Reaffirming 2019 guidance metrics Adjusted EBITDA growth driven by Transco and NE G&P fee-based revenue In Billions except for percentages, ratios and per share amounts 2019 GUIDANCE Net Income 1.050 - 1.350 Bn Adjusted EPS 0.77 -…
  22. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 22
    Williams, an unmatched natural gas infrastructure investment STABILITY GROWTH YIELD & COVERAGE Irreplaceable asset base handling 30% of Nations largest and fastest growing Attractive current dividend yield of 5.6%(1) low-cost U.S.…
  23. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 23
    Forward Looking Statements 2019 The Williams Companies, Inc. All rights reserved. Raymond James & Associates 40th Annual Institutional Investors Conference I March 2019 23
  24. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 24
    FORWARD-LOOKING STATEMENTS Forward-looking statements The reports, filings, and other public announcements of The Williams Companies, Inc. (Williams) may contain or incorporate by reference statements that do not directly or…
  25. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 25
    FORWARD-LOOKING STATEMENTS Forward-looking statements (contd) Forward-looking statements are based on numerous assumptions, uncertainties and risks that could cause future events or results to be materially different from those…
  26. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 26
    FORWARD-LOOKING STATEMENTS Forward-looking statements (contd) Risks associated with weather and natural phenomena, including climate conditions and physical damage to our facilities; Acts of terrorism, cybersecurity incidents, and…
  27. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 27
    Non-GAAP Reconciliations 2019 The Williams Companies, Inc. All rights reserved. Raymond James & Associates 40th Annual Institutional Investors Conference I March 2019 27
  28. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 28
    NON-GAAP RECONCILIATIONS Reconciliation of Income (Loss) Attributable to The Williams Companies, Inc. to Adjusted Income 2017 2018 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr…
  29. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 29
    NON-GAAP RECONCILIATIONS Reconciliation of Income (Loss) Attributable to The Williams Companies, Inc. to Adjusted Income (cont) 2017 2018 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd…
  30. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 30
    NON-GAAP RECONCILIATIONS Reconciliation of Net Income to Adjusted Net Income (Dollars in millions) 2018 Net Income 193 Adjustments (1) Total adjustments 1,095 Allocation of adjustments to noncontrolling interests (16) Tax…
  31. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 31
    NON-GAAP RECONCILIATIONS Reconciliation of Income (Loss) Attributable to The Williams Companies, Inc. to Adjusted Income (cont) GUI DANCE RANGES 2018 2019 Midpt. High Low Midpt. High (Dol l a rs i n mi l l i ons , except per-s ha re…
  32. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 32
    NON-GAAP RECONCILIATIONS Reconciliation of Income (Loss) Attributable to The Williams Companies, Inc. to Adjusted Income (cont) 2018 Guidance 2018 Guidance (Dollars in m illion s , excep t p er-s h are am ou n ts ) Midpoint High…
  33. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 33
    NON-GAAP RECONCILIATIONS Reconciliation of Net Income to Modified EBITDA, Adjusted EBITDA and Distributable Cash Flow 2017 2018 (Dollars in millions, except coverage ratios) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr…
  34. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 34
    NON-GAAP RECONCILIATIONS Reconciliation of Modified EBITDA to Non-GAAP Adjusted EBITDA 2017 2018 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year Northeast G&P 226 247 115 231 819…
  35. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 35
    NON-GAAP RECONCILIATIONS Reconciliation of Net Income to Modified EBITDA and Non-GAAP Adjusted EBITDA 2018 2019 ( in billions) Guidance Guidance Low Mid High Low Mid High Net income (loss) 0.975 1.075 1.175 1.050 1.200 1.350…
  36. Raymond James and Associates 40th Annual Institutional Investors Conference – Williams Companies, Inc. – slide 36
    NON-GAAP RECONCILIATIONS Distributable Cash Flow 2 0 1 8 2 0 1 9 Guidance Guidance Low Mid High Low Mid High WMB Adjusted EBITDA 4.450 4.550 4.650 4.850 5.000 5.150 Interest expense - net…

From the store

Browse maps, data & reports in the Shale Experts store