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

Williams Companies, Inc. (the) — The Williams Companies — Investor Presentation (April 2025)

22 slides from Williams Companies, Inc. (the)'s investor presentation, Apr 15, 2025

Slide 2: Agenda
Agenda • Opening Remarks • Safety Moment • System Operations Update • Projects Update • -- Break -- • Guest Speaker • Lunch / Activities 4/15/2 025 | 2 WILLIAMS © 2025 The Williams Companies, Inc. All rights reserved NYSE: WMB | www.williams.com
Slide 3: Forward-looking statements
Forward-looking statements > The reports, filings, and other public announcements of The Williams Companies, Inc. (Williams) may contain or incorporate by reference statements that do not directly or exclusively relate to historical facts. Such statements are “forward-looking statements” within the
Slide 4: Forward-looking statements
Forward-looking statements > Forward-looking statements are based on numerous assumptions, uncertainties, and risks that could cause future events or results to be materially different from those stated or implied in this report. Many of the factors that will determine these results are beyond our a
Slide 5: Forward-looking statements
Forward-looking statements – 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 production; – Changes in the current geopolitical situation, including th
Slide 6: Williams' core business remains critical to serving today's energy needs
Williams’ core business remains critical to serving today’s energy needs Serving 12 key supply areas and handling approximately 1/3rd of nation’s natural gas Gas Transmission Gas Gathering Capacity Capacity 33.1 MMDth/d 28.6 Bcf/d Natural Gas Transmission Pipeline Natural Gas Gathering Pipeline Natu
Slide 7: Eastern Interstates Commercial Structure
Eastern Interstates Commercial Structure Chad Teply SVP Transmission & Gulf of Mexico Josh Browning VP Eastern Interstates Justin Joyce John Suchar Amy Morris Paul Kress Jamie Johnson Director Mitchell Meyers Director Director Director Director Commercial Lead Commercial Commercial Commercial Busine
Slide 8: Transco: Irreplaceable infrastructure driving near-term and long-term growth
Transco Irreplaceable infrastructure driving near-term and long-term growth ADDING TRANSCO 40% 2.9 Bcf/d more throughput than next largest in capacity over next natural gas pipeline1 four years2 Size Growth 1Throughput based on USCA long-haul pipeline data (published June 2024). 2Includes full capac
Slide 10: Transco Total Deliveries since 2018
Transco Total Deliveries since 2018 20,000,000 18,000,000 16,000,000 DT’s 14,000,000 12,000,000 10,000,000 8,000,000 WILLIAMS © 2025 The Williams Companies, Inc. All rights reserved NYSE: WMB | www.williams.com 4/13/2025 | 10
Slide 11: Transco Zonal Receipts (MDth/d)
Transco Zonal Receipts (MDth/d) Supply Area Apr '20 - Mar '21 Apr '21 - Mar '22 Apr '22 - Mar '23 Apr '23 - Mar '24 Apr '24 - Mar '25 Zone 1 163 238 343 335 346 Zone 2 359 596 724 529 545 Zone 3 2,001 2,094 2,031 1,991 2,022 Zone 4 3,646 3,908 3,866 3,691 3,481 Zone 5 331 452 429 440 1,309 Zone 6 6,
Slide 12: Transco Zonal Deliveries (MDth/d)
Transco Zonal Deliveries (MDth/d) Supply Area Apr '20 - Mar '21 Apr '21 - Mar '22 Apr '22 - Mar '23 Apr '23 - Mar '24 Apr '24 - Mar '25 Zone 1 372 443 486 293 328 Zone 2 952 1,157 1,110 1,121 1,134 Zone 3 393 383 338 339 256 Zone 4 3,466 3,764 3,717 3,538 3,421 Zone 5 3,482 3,774 3,968 3,885 4,331 Z
Slide 13: Transco Peak Day Growth
Transco Peak Day Growth Transco - Peak Day History 23 Contractual Capacity 21 of 19.8 MMDTs 19.1 19 17.3 17 16.9 16.5 MMDTs Delivered 17 15.8 16.1 15.6 15 13.6 13.7 13 12.5 12.5 11.8 11 11.3 11 10.5 10 9.9 9 7 5 Peak Day 3-Day Peak WILLIAMS © 2025 The Williams Companies, Inc. All rights reserved NYS
Slide 14: Peak Day Growth Comparison
Peak Day Growth Comparison Peak Day Deliveries by Locations Peak Day Deliveries by Zone 100% 100% 7% 8% 7% 90% 90% 13% 15% 80% 23% 80% 37.4 34.6% 36% 70% 24% 70% 60% 29% 21% 60% 50% 50% 29% 31.6% 33.6% 40% 40% 30% 30% 8% 6% 4% 53% 45% 47% 20% 20% 14% 17.5% 17% 10% 10% 12% 10.5% 9% 0% 0% Jan 2018 Jan
Slide 16: Historical OFO Overview
System OFOs Historical OFO Overview 400 350 300 250 Days 200 150 100 50 0 2022 2023 2024 2025 Days of One Sided 163 185 106 11 Days of Bracket 81 58 229 40 Days of Bracket Days of One Sided *through March 2025 2024 was a tough year and Transco is committed to improve managing the system and improvin
Slide 17: Maintenance Overview & Improvements
Maintenance Overview & Improvements Where We Were Current Process Ongoing Efforts External External External • Postings had minimal information • Improved postings • Improvements to maintenance and short lead times o Defines work postings (summary table) o Did not define the work/reason o Provides p
Slide 18: 2025 Key Maintenance Lookahead
2025 Key Maintenance Lookahead Station Work Dates Anticipated Volume Impact (% Impact) 35 DOT replacement 7/15 – 7/24 625,000 (N) (100%) 60 Hard Spot 10/2 – 10/20 TBD MLA NJ 80 Unit repairs RTS 5/19 0 (0%) 90 Station valve replacements 5/19 – 6/6 100,000 (0-5%) 115 Compressor upgrades & DOT 5/6 – 5/
Slide 20: Executing on ~2.3 Bcf/d of Transco Expansions
Executing on ~2.3 Bcf/d of Transco Expansions Target In- Project Project Current Status Service Capacity Southeast Supply Filed FERC Enhancement 1 4Q’27 application 1,597 MMcf/d Commonwealth 2 4Q’25 In Construction 105 MMcf/d Energy Connector Alabama to 3 4Q’25 In Construction 64 MMcf/d Georgia Conn
Slide 21: Connecting Natural Gas Demand with Best-in-Class Basins
Connecting Natural Gas Demand with Best-in-Class Basins L48 Production and Demand Changes in Key Areas (‘24 – ’34) -0.7 Demand (Bcf/d) Production (Bcf/d) -0.2 PNW + Rockies -0.7 Rockies/SJ + WC +0.8 +8.0 West -0.6 Mid-Con -0.5 +0.8 Mid-Con + Midwest +0.8 -0.6 -0.5 Permian +10.7 +0.8 Gulf Coast +5.8
Slide 22: Well-positioned to lead in the "Golden Age of natural gas"
Natural gas remains our focus Natural gas Track record of focused strategy execution Our networks are critical to provide reliable Steadfast project execution positions energy to meet growing demand both Williams as a leader in the clean domestically and abroad. energy future. Well-positioned to lea

The Williams Companies — Investor Presentation (April 2025) on 6ix

Williams Companies, Inc. (the) — The Williams Companies — Investor Presentation (April 2025)

Slide 1: Eastern Interstates

Slide 2: Agenda

Slide 3: Forward-looking statements

Slide 4: Forward-looking statements

Slide 5: Forward-looking statements

Slide 6: Williams' core business remains critical to serving today's energy needs

Slide 7: Eastern Interstates Commercial Structure

Slide 8: Transco: Irreplaceable infrastructure driving near-term and long-term growth

Slide 9: System Operations Update

Slide 10: Transco Total Deliveries since 2018

Slide 11: Transco Zonal Receipts (MDth/d)

Slide 12: Transco Zonal Deliveries (MDth/d)

Slide 13: Transco Peak Day Growth

Slide 14: Peak Day Growth Comparison

Slide 15: MLK 2025 Winter Storm Review

Slide 16: Historical OFO Overview

Slide 17: Maintenance Overview & Improvements

Slide 18: 2025 Key Maintenance Lookahead

Slide 19: Projects Update

Slide 20: Executing on ~2.3 Bcf/d of Transco Expansions

Slide 21: Connecting Natural Gas Demand with Best-in-Class Basins

Slide 22: Well-positioned to lead in the "Golden Age of natural gas"