Williams Companies, Inc. (the) · NYSE:WMB

Williams Companies, Inc. (the) — Q2 2017 Earnings Presentation

15 slides from Williams Companies, Inc. (the)'s earnings presentation, Aug 3, 2017

  1. Slide 1: Williams and Williams Partners Second Quarter Earnings Call

    WE MAKE ENERGY HAPPEN Williams and Williams Partners Second Quarter Earnings Call NYSE: WMB NYSE: WPZ August 3, 2017 williams.com Hillabee expansion project

  2. Slide 2: WPZ Second Quarter 2017 Results: Fee-based Revenue Driving Growth

    SECOND QUARTER EARNINGS CALL WPZ Second Quarter 2017 Results: Fee-based Revenue Driving Growth GAAP Measures: 2Q Net Income $320 million > 2Q 2017 Net Income/(Loss) attributable to WPZ of $320 million vs. $(90) million for 2Q 2016; Improvement driven by $452 million improvement in operating income p

  3. Slide 3: WPZ Year-to-date 2017 Results: Continued Growth

    SECOND QUARTER EARNINGS CALL WPZ Year-to-date 2017 Results: Continued Growth GAAP Measures: YTD Net Income $954 million > YTD 2017 Net Income/(Loss) attributable to WPZ of $954 million vs. $(40) million for 2Q YTD 2016 – $593 million improvement in operating income primarily due to $399 million decr

  4. Slide 4: Executing Natural Gas Focused Strategy

    SECOND QUARTER EARNINGS CALL Executing Natural Gas Focused Strategy  Geismar Sale Sale completed July 6, long-term supply and transportation agreement executed  Northwest Pipeline – North Seattle Lateral FERC certificate application filed to serve growing utility customer demand  Atlantic-Gulf –

  5. Slide 5: Line of Sight to Continued Growth

    SECOND QUARTER EARNINGS CALL Line of Sight to Continued Growth Transco – Expect early mainline service revenue and final permits Atlantic Sunrise on greenfield portion of project 3Q 2017 Transco – Virginia Construction well underway; expect in-service 4Q 2017 Southside II Transco – Construction well

  6. Slide 6: Questions

    Questions © 2017 The Williams Companies, Inc. All rights reserved. Williams and Williams Partners Second Quarter Earnings Call | 8/3/17 6

  7. Slide 7: Forward-looking Statements

    Forward-looking Statements © 2017 The Williams Companies, Inc. All rights reserved. Williams and Williams Partners Second Quarter Earnings Call | 8/3/17 7

  8. Slide 8: Forward-looking Statements

    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.

  9. Slide 9: Forward-looking Statements (cont'd)

    FORWARD-LOOKING STATEMENTS Forward-looking Statements (cont’d) – The impact of operational and developmental hazards, unforeseen interruptions, and the availability of adequate insurance coverage; – The impact of existing and future laws, regulations, the regulatory environment, environmental liabil

  10. Slide 10: Non-GAAP Reconciliations

    Non-GAAP Reconciliations © 2017 The Williams Companies, Inc. All rights reserved. Williams and Williams Partners Second Quarter Earnings Call | 8/3/17 10

  11. Slide 11: Non-GAAP Disclaimer

    NON-GAAP RECONCILIATIONS Non-GAAP Disclaimer > This presentation may include 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 –

  12. Slide 12: Reconciliation of Non-GAAP Adjusted EBITDA and Distributable Cash Flow to GAAP Net Income

    WPZ NON-GAAP RECONCILIATION Reconciliation of Non-GAAP Adjusted EBITDA and Distributable Cash Flow to GAAP Net Income © 2017 The Williams Companies, Inc. All rights reserved. Williams and Williams Partners Second Quarter Earnings Call | 8/3/17 12

  13. Slide 13: Reconciliation of Non-GAAP Adjusted EBITDA and Distributable Cash Flow to GAAP Net Income (cont'd)

    WPZ NON-GAAP RECONCILIATION Reconciliation of Non-GAAP Adjusted EBITDA and Distributable Cash Flow to GAAP Net Income (cont’d) © 2017 The Williams Companies, Inc. All rights reserved. Williams and Williams Partners Second Quarter Earnings Call | 8/3/17 13

  14. Slide 14: Reconciliation of Modified EBITDA to Non-GAAP Adjusted EBITDA

    WPZ NON-GAAP RECONCILIATION Reconciliation of Modified EBITDA to Non-GAAP Adjusted EBITDA © 2017 The Williams Companies, Inc. All rights reserved. Williams and Williams Partners Second Quarter Earnings Call | 8/3/17 14

  15. Slide 15: Adjustments to Modified EBITDA by Segment

    WPZ NON-GAAP RECONCILIATION Adjustments to Modified EBITDA by Segment © 2017 The Williams Companies, Inc. All rights reserved. Williams and Williams Partners Second Quarter Earnings Call | 8/3/17 15

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