Credit Suisse MLP & Energy Logistics Conference Rick Rodekohr Vice President, Financial Planning & Analysis June 11, 2014
Williams well-positioned to participate in once-in-a-generation industry supercycle Right long-term strategy at the right time Ideally positioned assets, sustainable competitive positions Market dynamics serve as tailwinds…
Market Dynamics Drive Sustained Opportunity INFRASTRUCTURE RENEWS Supply ECONOMIC VIABILITY, NEW SUPPLIES Short Term Long Term Expect continued Expect improving EXPORTS cross currents as natural gas prices to NEEDED new…
Our Strong Competitive Position Creates Advantages to Clear Barriers INFRASTRUCTURE Clear, Efficient Price Signals Supply Demand Open, Transparent Markets Connect & Help Grow BEST SUPPLIES & Critical Role to BEST MARKETS…
Diverse, Large-Scale Strategic Positions Delivering Value Today, Ongoing Growth Marcellus-Utica Zoom-in View 7 Credit Suisse MLP & Energy Logistics Conference 6/11/14 2014 The Williams Companies, Inc. All rights reserved.
Competitive Advantages Delivering Large-Scale Projects, Long-Term Value Creation WEST ATLANTIC-GULF Increased fee-based revenues Transco: Nations largest to 80% of gross margins and fastest-growing pipeline Extensive network of…
Strong Fundamentals and Competitive Advantages Drive Robust, Visible Growth Growth Investment Spending by Operating Area 20142016 20142019 9 BILLION 13 BILLION 25 BILLION+ In guidance In guidance In guidance Under negotiation Under…
WMB-funded Expect 25 Billion in Committed Plus Potential Capital Projects Build Future Projects to Drive Robust, Visible WPZ/WMB Growth 2019 Dropdown Inventory and Additional Growth for WPZ TARGET IN-SERVICE DATES FOR GROWTH…
Project Execution: Keathley Canyon Connector 400 MMcf/d capacity Expected to be in service by 4Q Long-term reserves from Lucius dedication High-deliverability reserves from Hadrian South yield front-end financial loading…
Gulfstar One on Track for First Oil Speed to market: first oil expected in 3Q Design one, build many Project execution: topsides and hull set Hook-up and commissioning under way Gunflint tieback contracted 12 Credit…
Atlantic Sunrise: Major Transco Expansion Underpinned by Long-term Commitments 15-year binding firm-transportation agreements Bolsters connection to growing, emerging supplies 1.7 MMDth/d fully committed Expecting WPZ net…
Expect WPZ Gross Margin to Grow by about 50% with Fee-Based Revenues 75% of Business WPZ Total Gross Margin1 2013 ACTUAL 2016 FORECAST 3.8 BILLION 5.7 BILLION 0% 0% WPZ Regulated 11% 15% Fee Revenue 1% 14% 43% 36% WPZ…
Our Strategy More Relevant Than Ever Big Picture Be the premier provider of reliable large-scale infrastructure designed to maximize the opportunities created by the vastly greater supply of natural gas and natural gas products now…
Clear Line of Sight to Major Growth Now and Beyond Guidance Period 16 Credit Suisse Williams Analyst MLPDay & Energy 5/14/14 Logistics Conference 6/11/14 2014 The Williams Companies, Inc. All rights reserved.
WPZ Non-GAAP Reconciliations
WPZ Non-GAAP Reconciliations Reconciliation of non-GAAP distributable cash flow to GAAP net income 2013* 2014 (Dollars in millions, except coverage ratios) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr Williams Partners L.P.…
WPZ Non-GAAP Reconciliations Segment profit guidance reported to adjusted Dollars in millions 2014 Guidance 2015 Guidance 2016 Guidance Low Midpoint High Low Midpoint High Low Midpoint High Reported segment profit: Northeast G&P…
WPZ Non-GAAP Reconciliations WPZ adjusted segment profit + DD&A Dollars in millions 2014 Guidance 2015 Guidance 2016 Guidance Low Midpoint High Low Midpoint High Low Midpoint High Adjusted segment profit: Northeast G&P 195 355…
WPZ Non-GAAP Reconciliations Distributable cash flow (DCF) and DCF per common unit Dollars in millions 2013 2014 Guidance 2015 Guidance 2016 Guidance Actual Low Midpoint High Low Midpoint High Low Midpoint High Net Income 1,123…
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