Williams Companies, Inc. (the) · NYSE:WMB
Williams Companies, Inc. (the) — The Williams Companies — Q3 2016 Earnings Presentation
17 slides from Williams Companies, Inc. (the)'s earnings presentation, Oct 31, 2016
Slide 1: Williams and Williams Partners Third Quarter Earnings Call
Williams and Williams Partners Third Quarter Earnings Call October 31, 2016
Slide 2: Third Quarter 2016 Summary: Growth Across All Segments
Third Quarter 2016 Summary: Growth Across All Segments > GAAP Measures: Net Income(Loss), Segment Modified EBITDA - Significant improvements over Q3 2015 > 3Q 2016 Net Income/(Loss) attributable to WPZ of $326 million vs. $(194) million for 3Q 2015 – Strong Q3 2016 performance included fee-based rev
Slide 3: Year-to-date 3Q 2016 Summary: Consistent Growth; Expect to Exceed 2016 Adjusted EBITDA Guidance
Year-to-date 3Q 2016 Summary: Consistent Growth; Expect to Exceed 2016 Adjusted EBITDA Guidance > GAAP Measures: Net Income(Loss), Segment Modified EBITDA- Affected by Impairment associated with Canadian Asset Sale > YTD 3Q 2016 Net Income/(Loss) attributable to WPZ of $286 million vs. $195 million
Slide 4: Disciplined Execution Continues
Disciplined Execution Continues Recent Developments > Atlantic-Gulf – Gunflint tieback: First Gulfstar One tieback in-service; first oil mid-July > Transco – Rock Springs: Transco facilities placed in-service August 1, 2016 > Transco – Began construction: Dalton Expansion, Hillabee Ph. 1, New York B
Slide 5: Atlantic Sunrise: Progress Continues on Key Energy Infrastructure
Atlantic Sunrise: Progress Continues on Key Energy Infrastructure Significant progress to-date; important steps remain Major Accomplishments Remaining Major Milestones > Contracted 100% of capacity > Permits and Authorizations > Environmental Surveys on 96% of project area – FERC Final EIS, Certific
Slide 6: Key Positions and Contracted Projects Drive 2017 Performance
Key Positions and Contracted Projects Drive 2017 Performance > 2017 Key EBITDA growth drivers: – Fee-based revenue from growth projects • Full-year contributions from projects placed in-service in 2016 – Gunflint – Kodiak – Rock Springs • Partial year contributions from 2017 target in-service projec
Slide 7: Leading Corporate Governance Practices Continue
Leading Corporate Governance Practices Continue Five new WMB board members appointed; recruiting two additional board members Stephen Bergstrom is a skilled and extremely knowledgeable industry leader, having led growth initiatives and successfully managed through industry downturns over his long an
Slide 8: Natural Gas Focused Strategy Driving Fee-based Revenue Growth
Natural Gas Focused Strategy Driving Fee-based Revenue Growth Leveraged to > Business aligned to growing demand-side opportunities, natural gas connecting best supplies to best markets volume growth Competitively > Key infrastructure positions across natural gas value chain advantaged established, i
Slide 9: Forward-looking Statements
Forward-looking Statements
Slide 10: Forward Looking Statements
Forward Looking Statements > The reports, filings, and other public announcements of The Williams Companies, Inc. (Williams) and Williams Partners L.P. (WPZ) may contain or incorporate by reference statements that do not directly or exclusively relate to historical facts. Such statements are “forwar
Slide 11: Forward Looking Statements (cont'd)
Forward Looking Statements (cont’d) – The impact of existing and future laws, regulations, the regulatory environment, environmental liabilities, and litigation, as well as our ability to obtain permits and achieve favorable rate proceeding outcomes; – Williams’ costs and funding obligations for def
Slide 12: Non-GAAP Reconciliations
Non-GAAP Reconciliations
Slide 13: Non-GAAP Disclaimer
Non-GAAP Reconciliations Non-GAAP Disclaimer > This presentation includes certain financial measures – adjusted EBITDA, adjusted income (“earnings”), adjusted earnings per share, cash available for dividends, dividend coverage ratio, distributable cash flow and cash distribution coverage ratio – tha
Slide 14: Reconciliation of Non-GAAP Adjusted EBITDA and Distributable Cash Flow to GAAP Net Income
WPZ Non-GAAP Reconciliations Reconciliation of Non-GAAP Adjusted EBITDA and Distributable Cash Flow to GAAP Net Income 14 Williams and Williams Partners 3Q 2016 Earnings Release | October 31, 2016 © 2016 The Williams Companies, Inc. All rights reserved.
Slide 15: Reconciliation of Non-GAAP Adjusted EBITDA and Distributable Cash Flow to GAAP Net Income (cont'd)
WPZ Non-GAAP Reconciliations Reconciliation of Non-GAAP Adjusted EBITDA and Distributable Cash Flow to GAAP Net Income (cont’d) 15 Williams and Williams Partners 3Q 2016 Earnings Release | October 31, 2016 © 2016 The Williams Companies, Inc. All rights reserved.
Slide 16: Reconciliation of Modified EBITDA to Non-GAAP Adjusted EBITDA
WPZ Non-GAAP Reconciliations Reconciliation of Modified EBITDA to Non-GAAP Adjusted EBITDA 16 Williams and Williams Partners 3Q 2016 Earnings Release | October 31, 2016 © 2016 The Williams Companies, Inc. All rights reserved.
Slide 17: Adjustments to Modified EBITDA by Segment
WPZ Non-GAAP Reconciliations Adjustments to Modified EBITDA by Segment 17 Williams and Williams Partners 3Q 2016 Earnings Release | October 31, 2016 © 2016 The Williams Companies, Inc. All rights reserved.
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