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1Q 2019 Earnings Presentation – Williams Companies, Inc.

Williams Companies, Inc. · May 2, 2019 · 22 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. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 1
    NYSE: WMB williams.com WE MAKE ENERGY HAPPEN Williams 1 st Quarter 2019 Earnings Call May 2, 2019
  2. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 2
    FIRST QUARTER 2019 EARNINGS CALL Strong results in 1Q 2019 vs. 1Q 2018 Significant financial performance improvement across all 1Q 2019 1Q 2018 % Change key metrics Cash Flow from Operations 775 694 +12% Adjusted EBITDA 1,216…
  3. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 3
    FIRST QUARTER 2019 EARNINGS CALL Recent transactions accelerate debt reduction WMB 1Q 19 DEBT-TO-ADJUSTED EBITDA(1) DELEVERAGING TRANSACTIONS 5.00 MARCELLUS/UTICA JV: 4.92x 0.15x Acquired remaining 38% interest in UEOM for 727…
  4. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 4
    FIRST QUARTER 2019 EARNINGS CALL WMB year-over-year results WMB ADJUSTED EBITDA (MM): 1Q 2018 VS. 1Q 2019 ADJUSTED EBITDA DRIVERS 1,300 ATLANTIC-GULF 560MM, up 21%: 52 (26) Increased revenues driven primarily by (5) Atlantic…
  5. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 5
    FIRST QUARTER 2019 EARNINGS CALL WMB sequential quarter-over-quarter results WMB Adjusted EBITDA (MM): 4Q 2018 vs. 1Q 2019 ADJUSTED EBITDA DRIVERS 1,225 ATLANTIC-GULF 560MM, up 6%: 31 (2) 2 Lower O&M due to less maintenance…
  6. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 6
    FIRST QUARTER 2019 EARNINGS CALL Key investor focus areas Maintaining 19 guidance for Adjusted EBITDA, DCF and Dividend Coverage Ratio; Raising Adjusted EPS guidance 19 DCF/share of 2.55 reflects cash flow generation vs. 0.95…
  7. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 7
    FIRST QUARTER 2019 EARNINGS CALL Key investor focus areas (continued) Increased rates effective March 2019 (settlement reserve neutralizes benefits in reported results) TRANSCO RATE Confidential settlement negotiations underway;…
  8. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 8
    Questions 2019 The Williams Companies, Inc. All rights reserved. Williams First Quarter Earnings Call 05/02/2019 8
  9. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 9
    Appendix 2019 The Williams Companies, Inc. All rights reserved. Williams First Quarter Earnings Call 05/02/2019 9
  10. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 10
    FIRST QUARTER 2019 EARNINGS CALL Recent accomplishments Transco St. James Supply Placed into service a 162 MMcf/d expansion project to deliver additional gas supplies to new methanol manufacturing in St. James Parish, LA Transco…
  11. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 11
    FIRST QUARTER 2019 EARNINGS CALL Growth capital projects across the portfolio 2018 2019 2020 2021 2022+ Transco Atlantic Sunrise Northwest Pipeline North Seattle Lateral Transco Hillabee Phase 2 Transco Transco Leidy South DEMAND…
  12. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 12
    FIRST QUARTER 2019 EARNINGS CALL 2019 guidance metrics In Billions except for percentages, ratios and per share amounts 2019 GUIDANCE Net Income 1.100 - 1.400 Prior range was 1.050 - 1.350 Adjusted EPS 0.83 - 1.07 Prior range…
  13. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 13
    FIRST QUARTER 2019 EARNINGS CALL Full-year 2019 DCF per share vs. Adjusted EPS Earnings per share (EPS) includes large, non-cash charges 3.50 0.08 (1.45) 1.45 0.47 ARO Accretion 3.00 Amortization (0.03) Add Back: (0.26) 2.55…
  14. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 14
    Forward Looking Statements 2019 The Williams Companies, Inc. All rights reserved. Williams First Quarter Earnings Call 05/02/2019 14
  15. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 15
    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…
  16. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 16
    Non-GAAP Reconciliations 2019 The Williams Companies, Inc. All rights reserved. Williams First Quarter Earnings Call 05/02/2019 18
  17. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 17
    NON-GAAP RECONCILIATIONS Reconciliation of Income (Loss) Attributable to The Williams Companies, Inc. to Adjusted Income 2018 2019 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr Income…
  18. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 18
    NON-GAAP RECONCILIATIONS Reconciliation of Income (Loss) Attributable to The Williams Companies, Inc. to Adjusted Income (cont) 2018 2019 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr…
  19. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 19
    NON-GAAP RECONCILIATIONS Reconciliation of Net Income to Modified EBITDA, Adjusted EBITDA and Distributable Cash Flow 2018 2019 (Dollars in millions, except coverage ratios) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr The Williams…
  20. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 20
    NON-GAAP RECONCILIATIONS Reconciliation of Modified EBITDA to Non-GAAP Adjusted EBITDA 2018 2019 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr Net income (loss) 270 269 200 (546) 193 214 Provision (benefit) for…
  21. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 21
    NON-GAAP RECONCILIATIONS Reconciliation of Income (Loss) Attributable to The Williams Companies, Inc. to Adjusted Income Reconciliation of Net Income (Loss) to Adjusted Income 2 0 1 9 G U I D AN C E ( in millions, except per-share…
  22. 1Q 2019 Earnings Presentation – Williams Companies, Inc. – slide 22
    NON-GAAP RECONCILIATIONS Reconciliation of Net Income to Modified EBITDA, Non-GAAP Adjusted EBITDA and Distributable Cash Flow (cont) ( in millions, except per-share amounts and coverage ratios) 2 0 1 9 G U I D AN C E Low Mid High…

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