Howard Weil Energy Conference Alan Armstrong, Chief Executive Officer March 25, 2014 2013 2014 The Williams Companies, Inc. All rights reserved.
Built to deliver long-term growth Underpinned Winning by scale, competitive advantage strategy Be big the No. 1 or No. 2 largest in gathering, processing and transportation in basins and markets where we operate Be the premier Grow…
Large-scale strategic positions, competitive advantages drive growth and value creation Strategy- aligned capital investment Northeast Transco Canada Gulf of Mexico NGL-Petchem 5 Howard Weil Energy Conference…
Demand growing in response to supply, price; 100 Bcf/d on conservative 2% CAGR 120 U.S. gas demand 2% 2% Bcf/d 100 CAGR CAGR Other Transport +12% +45% LNG Exports 80 09-13 13-31 Power 60 40 Industrial 20 Commercial…
Well-positioned in key areas of supply growth Bcf/d Natural Gas U.S. Supply Growth 120 Direct Ownership Investment 3% 2% 100 CAGR CAGR +17% +56% Northeast 80 09-13 13-31 Rockies San Juan Gulf of Mexico 60 Fort Worth…
Expect 50% DCF growth 2015 vs. 2013 Growth plan requires minimal WPZ equity; no WMB equity 2014+ DCF growth was primarily equity- 2014 a financed via significant LP equity issuances turning point in 2012-13 for WPZ financing…
Recent accomplishments highlight execution of large-scale, value-creating projects Recent Milestones 2014 Growth Drivers Moundsville Frac 2 in service Geismar expansion Gulfstar One progress: Moored and topsides set NE projects…
Major-project execution in action Moundsville Frac 2 In-service Gulfstar One Moored in place and topsides set Hook-up and commissioning underway Tieback expansion fully contracted to serve Gunflint producers Video replay…
Expect 26 billion in committed plus WMB-funded projects build future potential capital projects to drive robust, dropdown visible WPZ/WMB growth 2018 inventory and additional growth for WPZ Target In-Service Dates for Growth…
Marcellus-Utica resource potential and infrastructure needs are large Natural Gas NGLs Requires additional Requires significant additional gas and liquids takeaway capacity infrastructure to realize potential Bcf/d Mbbl/d 1,400…
Northeast G&Ps rapid growth prospects Large acreage dedications and enormous potential WPZ gathering volumes up 64% 2013 vs. 2012 Partners and Investments Gross Dedicated Acres Laurel Mtn Midstream 500,000 ACMP Marcellus 1,700,000…
Northeast G&P Strong, growing free cash flows on the horizon At year-end 2015, Expecting 3.3 Bcf/d total gathering volumes for we expect about 2015; generating 565 million of adjusted 4.6 Bcf/d* of segment profit + DD&A** at…
Eight Transco projects plus Constitution represent 5+ billion of expansions in guidance NE Connector/ Rockaway Lateral Constitution 2nd half of 2014 Late 2015 to 2016 Atlantic Sunrise Rock Springs Expansion 2nd half of 2017 3Q…
Transcos Atlantic Sunrise 1.7 MMDth/d contracted expansion, 2.1 billion net investment under long-term agreements Susquehanna Supply Hub Significant expansion of 1,700 Transco system Pennsylvania MDth/d Zone 6 15-year binding…
WMB and WPZ are premier energy-infrastructure investments Natural gas Large-scale Deep, diverse, long- infrastructure positions range growth supercycle; tailwinds and opportunities building behind our strong competitive provide…
WPZ Non-GAAP Reconciliations 2014 The Williams Companies, Inc. All rights reserved.
WPZ Non-GAAP Reconciliations Reconciliation of non-GAAP distributable cash flow to GAAP net income 2012 2013 (Dollars in millions, except coverage ratios) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year…
WPZ Non-GAAP Reconciliations Adjusted segment profit reconciliation and adjusted segment profit + DD&A 2012 2013 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year Segment profit…
WPZ Non-GAAP Reconciliations Adjusted segment profit reconciliation and adjusted segment profit + DD&A, contd 2012 2013 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year Adjusted…
WPZ Non-GAAP Reconciliations Segment profit guidance reported to adjusted Dollars in millions 2014 Guidance 2015 Guidance Low Midpoint High Low Midpoint High Reported segment profit: Northeast G&P 195 355 Atlantic - Gulf 630…
WPZ Non-GAAP Reconciliations Segment profit guidance reported to adjusted Dollars in millions 2014 Guidance 2015 Guidance Low Midpoint High Low Midpoint High Adjusted segment profit: Northeast G&P 195 355 Atlantic - Gulf 630…
WPZ Non-GAAP Reconciliations Net income & distributable cash flow Dollars in millions 2014 Guidance 2015 Guidance Low Midpoint High Low Midpoint High Net Income 1,766 1,906 2,046 1,900 2,085 2,270 DD&A 895 920 945 1,010 1,035…
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