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Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc.

Williams Companies, Inc. · May 30, 2019 · 27 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. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 1
    NYSE: WMB williams.com WE MAKE ENERGY HAPPEN Bernstein 35th Annual Strategic Decisions Conference May 30, 2019
  2. Bernstein Annual Strategic Decisions 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. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 3
    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…
  4. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 4
    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:…
  5. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 5
    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…
  6. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 6
    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…
  7. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 7
    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 DRIVEN 1.7 MMDth/d; 2.6B Upgrade…
  8. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 8
    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)…
  9. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 9
    Applying a data-driven approach to NESE advocacy Northeast Supply Enhancement (NESE) DATA-DRIVEN ADVOCACY: Map Of NESE Project Area Analyzed data to pinpoint compelling narratives and segments of NY supporters to help communicate…
  10. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 10
    Northeast G&P: Large footprint with room to grow OVM & UEOM JV SUSQUEHANNA SUPPLY 2.1 Bcf/d of gathering capacity in HUB dry/rich gas 3.6 Bcf/d of gathering capacity in 1.5 Bcf/d of processing capacity dry gas 274,000 bpd…
  11. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 11
    Gulf of Mexico: Substantial discoveries in close proximity to existing assets expected to facilitate long-term growth MS AL FL Norphlet pipeline purchase option closed as Shell brought LA first production on line May 23, 2019 TX…
  12. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 12
    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…
  13. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 13
    Steady and predictable growth despite assets sales and commodity price volatility Williams Adjusted EPS 2017-2019 1.20 Assets sales of over 1.10 5.1B Includes Canadian Olefins in 16; 1.00 Geismar in 17; High 1.07 Four Corners &…
  14. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 14
    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 million 4.75 Excludes 727 MM 4.77x…
  15. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 15
    Making affordable, cleaner fuels available to communities better than industry Performing benchmark for Total Recordable Injury Rate positive relationships with Maintaining nearly 85,000 landowners across the United States…
  16. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 16
    Williams is a unique large-scale, low-volatility, growing natural gas infrastructure company with high quality revenues Volume-driven, natural gas strategy built on irreplaceable asset base handling 30% of low- cost U.S. natural gas…
  17. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 17
    Forward Looking Statements 2019 The Williams Companies, Inc. All rights reserved. Bernstein 35th Annual Strategic Decisions Conference I 5/30/19 17
  18. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 18
    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…
  19. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 19
    Non-GAAP Reconciliations 2019 The Williams Companies, Inc. All rights reserved. Bernstein 35th Annual Strategic Decisions Conference I 5/30/19 21
  20. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 20
    NON-GAAP RECONCILIATIONS Reconciliation of Income (Loss) Attributable to The Williams Companies, Inc. to Adjusted Income-2017 2017 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year Income (loss)…
  21. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 21
    NON-GAAP RECONCILIATIONS Reconciliation of Income (Loss) Attributable to The Williams Companies, Inc. to Adjusted Income-2017 (cont) 2017 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year Other…
  22. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 22
    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…
  23. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 23
    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…
  24. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 24
    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…
  25. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 25
    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)…
  26. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 26
    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…
  27. Bernstein Annual Strategic Decisions Conference – Williams Companies, Inc. – slide 27
    NON-GAAP RECONCILIATIONS Reconciliation of GAAP Net Income to Non-GAAP Modified EBITDA, Adjusted EBITDA and Distributable Cash Flow ( in millions, except per-share amounts and coverage ratios) 2 0 1 9 G U I D AN C E Low Mid High Net…

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