Williams Companies, Inc. (the) · NYSE:WMB
Williams Companies, Inc. (the) — The Williams Companies — Q1 2017 Earnings Presentation
14 slides from Williams Companies, Inc. (the)'s earnings presentation, May 4, 2017
Slide 1: Williams and Williams Partners First Quarter Earnings Call
WE MAKE ENERGY HAPPEN Williams and Williams Partners First Quarter Earnings Call NYSE: WMB NYSE: WPZ May 4, 2017 williams.com
Slide 2: WPZ First Quarter 2017 Results: Delivered Continued Growth
FIRST QUARTER EARNINGS CALL WPZ First Quarter 2017 Results: Delivered Continued Growth GAAP Measures: 1Q Net Income up $584 million > 1Q 2017 Net Income/(Loss) attributable to WPZ of $634 million vs. $50 million for 1Q 2016; Improvement driven by $271 million increase in investing income primarily a
Slide 3: Continued Execution Against Natural Gas Focused Strategy
FIRST QUARTER EARNINGS CALL Continued Execution Against Natural Gas Focused Strategy Transco – Placed in service February 1, beating schedule and cost Gulf Trace estimates Transco – Dalton Currently receiving early mainline service revenues Transco – Received necessary permits, began construction Ga
Slide 4: Commitment to Continued Growth
FIRST QUARTER EARNINGS CALL Commitment to Continued Growth Analyst Day May 11; Live webcast to be available Expect to close transaction and execute Geismar Closing transportation and supply agreement summer 2017 Transco – Pursuing early mainline service revenue in 2H Atlantic Sunrise 2017 Coming Tra
Slide 5: Questions
Questions © 2017 The Williams Companies, Inc. All rights reserved. Williams and Williams Partners First Quarter Earnings Call | 5/4/17 5
Slide 6: Forward-looking Statements
Forward-looking Statements © 2017 The Williams Companies, Inc. All rights reserved. Williams and Williams Partners First Quarter Earnings Call | 5/4/17 6
Slide 7: 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.
Slide 8: Forward-looking Statements (cont'd)
FORWARD-LOOKING STATEMENTS Forward-looking Statements (cont’d) – The impact of operational and developmental hazards and unforeseen interruptions, and the availability of adequate insurance coverage for such interruptions; – The impact of existing and future laws, regulations, the regulatory environ
Slide 9: Non-GAAP Reconciliations
Non-GAAP Reconciliations © 2017 The Williams Companies, Inc. All rights reserved. Williams and Williams Partners First Quarter Earnings Call | 5/4/17 9
Slide 10: 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 –
Slide 11: 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 First Quarter Earnings Call | 5/4/17 11
Slide 12: 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 First Quarter Earnings Call | 5/4/17 12
Slide 13: 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 First Quarter Earnings Call | 5/4/17 13
Slide 14: Adjustments to Modified EBITDA by Segment
WPZ NON-GAAP RECONCILIATION Adjustments to Modified EBITDA by Segment * Recast due to the change in WPZ segments in the first quarter of 2017. © 2017 The Williams Companies, Inc. All rights reserved. Williams and Williams Partners First Quarter Earnings Call | 5/4/17 14
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