NYSE: WMB williams.com WE MAKE ENERGY HAPPEN August 1, 2019 Williams 2nd Quarter 2019 Earnings Call
SECOND QUARTER 2019 EARNINGS CALL Strong 2Q year-to-date and quarterly results Significant financial performance improvement 2Q 2Q % 2Q YTD 2Q YTD % across all key metrics 2019 2018 Change 2019 2018 Change Cash Flow from Operations…
SECOND QUARTER 2019 EARNINGS CALL WMB 2Q year-over-year results WMB ADJUSTED EBITDA (MM): 2Q 2018 VS. 2Q 2019 ADJUSTED EBITDA DRIVERS 1,300 ATLANTIC-GULF 559MM, up 23%: Increased revenues driven primarily by 53 2 (3) 1,241 Atlantic…
SECOND QUARTER 2019 EARNINGS CALL WMB 2Q year-to-date-results WMB Adjusted EBITDA (MM): 2Q YTD 2018 vs. 2Q YTD 2019 ADJUSTED EBITDA DRIVERS 2,600 ATLANTIC-GULF 1,119MM, up 21%: Increased revenues driven primarily by Atlantic 103…
SECOND QUARTER 2019 EARNINGS CALL Key investor focus areas Reaffirming 2019 Guidance and 5-7% EBITDA growth expected longer-term 2Q 19 Debt-to-Adjusted EBITDA is 4.43x and 19 year-end expected to…
Questions 2019 The Williams Companies, Inc. All rights reserved. Williams Second Quarter Earnings Call 08/01/2019 6
Appendix 2019 The Williams Companies, Inc. All rights reserved. Williams Second Quarter Earnings Call 08/01/2019 7
SECOND QUARTER 2019 EARNINGS CALL WMB sequential quarter-over-quarter results WMB Adjusted EBITDA (MM): 1Q 2019 vs. 2Q 2019 ADJUSTED EBITDA DRIVERS 1,250 ATLANTIC-GULF 559MM, stable: Lower offshore service revenues due to 1,245…
SECOND QUARTER 2019 EARNINGS CALL Recent accomplishments WMB Sustainability Report Published a 2018 Sustainability Report in June, providing a comprehensive review of the companys environmental, social and governance programs and…
SECOND 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…
SECOND QUARTER 2019 EARNINGS CALL Lowering Debt-to-Adjusted EBITDA guidance for 2019 2019 GUIDANCE In Billions except for percentages, ratios and per share amounts Net Income 1.100 - 1.400 Adjusted EPS 0.83 - 1.07 Adjusted…
SECOND 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 ARO 0.47 Accretion 3.00 Amortization (0.03) Add Back: (0.26) 2.55…
Forward Looking Statements 2019 The Williams Companies, Inc. All rights reserved. Williams Second Quarter Earnings Call 08/01/2019 13
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…
Non-GAAP Reconciliations 2019 The Williams Companies, Inc. All rights reserved. Williams Second Quarter Earnings Call 08/01/2019 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 2nd Qtr…
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 2nd…
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 2nd Qtr Year…
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 2nd Qtr Year Net income (loss) 270 269 200 (546) 193 214 324 538…
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…
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…