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Q2 2020 Earnings Call – Williams Companies, Inc.

Williams Companies, Inc. · Aug 4, 2020 · 24 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. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 1
    NYSE: WMB www.williams.com Williams 2nd Quarter 2020 Earnings Call August 4, 2020
  2. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 2
    2Q 2020 results exceed expectations despite external volatility Strong Financial Performance 2Q 2Q % 2Q YTD 2Q YTD % Across Key Metrics 2020 2019 Change 2020 2019 Change Cash Flow from Operations 1,143 1,069 7% 1,930 1,844 5%…
  3. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 3
    WMB second quarter results stable ONGOING WMB ADJUSTED EBITDA (MM): 2Q 2019 vs. 2Q 2020 PERFORMANCE DRIVERS Ongoing Performance TRANSMISSION & GOM 1,300 Increased revenue from transmission 44 (32) expansion projects, benefit of…
  4. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 4
    WMB 2Q year-to-date results up 2% ONGOING WMB Adjusted EBITDA (MM): 2Q 19 YTD vs. 2Q 20 YTD PERFORMANCE DRIVERS Ongoing Performance TRANSMISSION & GOM 2,600 Increased revenue from transmission 112 (45) expansion projects, benefit…
  5. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 5
    Natural gas demand stands strong growing more than 2% in 2Q 2020 POWER GEN LNG & MEXICAN INDUSTRIAL RES / COM EXPORTS Bcf/d Bcf/d Bcf/d Bcf/d 35 35 35 35 30 +3% 30 30 30 25 25 25 25 -0.6% 20 20 20 20 +5% 15 15 15 15 +11%…
  6. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 6
    Growth across Williams assets continues through external volatility LOWER-48 NATURAL GAS WILLIAMS NATURAL GAS WELLHEAD PRODUCTION GATHERING VOLUMES Bcf/d Bcf/d 100 14 +3.6% -0.3% 98 12 96 10 94 8 2Q 19 2Q 20 2Q 19 2Q…
  7. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 7
    Key investor focus areas RESILIENT BUSINESS STRATEGICALLY ALIGNED TO NATURAL GAS DEMAND GROWTH Durability Growth COMMERCIAL TRANSMISSION High credit-quality, demand-pull gas Existing natural gas infrastructure offers growth…
  8. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 8
    Appendix WILLIAMS 2020 The Williams Companies, Inc. All rights reserved. NYSE: WMB I Williams 2nd Quarter 2020 Earnings Call 08/04/2020 I www.williams.com 7
  9. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 9
    WMB sequential quarter results ONGOING WMB Adjusted EBITDA (MM): 1Q 2020 vs. 2Q 2020 PERFORMANCE DRIVERS 1,300 Ongoing Performance TRANSMISSION & GOM Unfavorable revenue and cost impacts due 8 (29) 1,262 to seasonality; Partially…
  10. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 10
    2020 Guidance Ranges FINANCIAL METRIC 2020 GUIDANCE Adjusted Net Income1 1.160 - 1.460 Bn Adjusted Diluted EPS1 0.95 - 1.20 Adjusted EBITDA 4.950 - 5.250 Bn Distributable Cash Flow (DCF) 3.050 - 3.450 Bn DCF per share 2.50 -…
  11. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 11
    Recent accomplishments Sustainability Published 2019 Sustainability Report on July 27, providing a comprehensive review of the Report companys environmental, social and governance programs and initiatives Solar Power Taking steps to…
  12. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 12
    Executing significant portfolio of gas transmission growth projects PROJECTS IN EXECUTION 2.2B Target Current Project Project Markets Served In-service Status1 Capacity2 Commenced Service Hillabee Ph. 2 2Q 20 206 MMcf/d Power…
  13. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 13
    Unique Deepwater opportunities available due to incumbent position Recent Deepwater Project Milestones Western Gulf Eastern Gulf Discovery Whale Ballymore Taggart Positive FIDs Under existing dedication Under existing Positive FID…
  14. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 14
    Gas transmission business built on high credit-quality, demand-pull customer base Firm Contracted Capacity By Credit Rating Profile Of Williams 2019 Gas Customer Type1 Transmission Revenue From Top 100 Customers2 1% 4% 8% 9% 7%…
  15. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 15
    Stable and diversified EBITDA, limiting exposure to any one basin 5 B 2019 ADJ. EBITDA Other Onshore Oil Basin1 2% Only 7% EBITDA from Eagle Ford 5% Marketing & NGL Services2 2% G&P serving on-shore Blue Racer & Aux Sable 2% SW…
  16. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 16
    Forward Looking Statements WILLIAMS 2020 The Williams Companies, Inc. All rights reserved. NYSE: WMB I Williams 2nd Quarter 2020 Earnings Call 08/04/2020 I www.williams.com 15
  17. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 17
    Forward-looking statements (contd) The ability of the members of the Organization of Petroleum Exporting Countries and other oil exporting nations to agree to and maintain oil price and production controls and the impact on domestic…
  18. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 18
    Non-GAAP Reconciliations WILLIAMS 2020 The Williams Companies, Inc. All rights reserved. NYSE: WMB I Williams 2nd Quarter 2020 Earnings Call 08/04/2020 I www.williams.com 19
  19. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 19
    Reconciliation of Income (Loss) Attributable to The Williams Companies, Inc. to Adjusted Income 2019 2020 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year Income (loss) from…
  20. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 20
    Reconciliation of Income (Loss) Attributable to The Williams Companies, Inc. to Adjusted Income (cont) 2019 2020 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year Other…
  21. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 21
    Reconciliation of Net Income to Non-GAAP Modified EBITDA, Adjusted EBITDA and Distributable Cash Flow 2019 2020 (Dollars in millions, except coverage ratios) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year The Williams…
  22. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 22
    Reconciliation of Modified EBITDA to Non-GAAP Adjusted EBITDA 2019 2020 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr Year Net income (loss) 214 324 242 (66) 714 (570) 315 (255) Provision (benefit) for…
  23. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 23
    Reconciliation of Net Income to Modified EBITDA, Non-GAAP Adjusted EBITDA and Distributable Cash Flow 2020 Guidance (Dollars in millions, except per share amounts and coverage ratio) Low Mid High Net income (loss) 304 454 604…
  24. Q2 2020 Earnings Call – Williams Companies, Inc. – slide 24
    Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted Income Available to Common Stockholders 2020 Guidance (Dollars in millions, except per-share amounts) Low Mid High Net income (loss) 304 454 604 Less: Net income (loss)…

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