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

Williams Companies, Inc. (the) — Q1 2016 Earnings Presentation

14 slides from Williams Companies, Inc. (the)'s earnings presentation, May 5, 2016

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

    Williams and Williams Partners First Quarter Earnings Call May 5, 2016

  2. Slide 2: First Quarter 2016 Summary

    First Quarter 2016 Summary  WPZ adjusted EBITDA of $1.06 billion, up 16% vs 1Q 2015 – Fee-based revenue continues to grow, up 5%  WPZ Q1 2016 adjusted EBITDA shows strength of broad based natural gas portfolio – Atlantic-Gulf EBITDA of $399 million driven by growing Transco demand charges, proport

  3. Slide 3: Key Project Milestones

    Key Project Milestones RECENT DEVELOPMENTS  Transco: Garden State: FERC approval received for ~180 MMcf/d expansion project for local distribution to New Jersey  Transco: New York Bay: FERC issued Environmental Assessment for ~115 MMcf/d expansion serving with expected 4Q 2017 in-service date  Tr

  4. Slide 4: Structural Growth Drivers In Place

    Structural Growth Drivers In Place  2016 vs. 2015: Significant new fee-based assets to be placed in-service in 2016 in addition to large-scale assets in-service for less than full year 2015 – Full year contribution for 2015 assets: Leidy SE, Virginia Southside, NE Connector, Rockaway, Geismar expan

  5. Slide 5: Resilient Natural Gas-based Strategy Reflected in Results and 2016 Business Plan

    Resilient Natural Gas-based Strategy Reflected in Results and 2016 Business Plan  First quarter results demonstrate resilience of business across commodity price cycles – Approximately 93% of WPZ YTD gross margin from fee-based revenues – Continued growth in Atlantic-Gulf segment driven by Transco

  6. Slide 6: Forward Looking Statements

    Forward Looking Statements

  7. Slide 7: 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

  8. Slide 8: Forward Looking Statements (cont'd)

    Forward Looking Statements (cont’d) – Disruption from the proposed ETC Merger making it more difficult to maintain business and operational relationships; – The risk that unexpected costs will be incurred in connection with the proposed ETC Merger; – The possibility that the proposed ETC Merger does

  9. Slide 9: WPZ Non-GAAP Reconciliations

    WPZ Non-GAAP Reconciliations

  10. Slide 10: WPZ Non-GAAP Disclaimer

    WPZ Non-GAAP Reconciliations WPZ Non-GAAP Disclaimer  This presentation includes certain financial measures – adjusted EBITDA, distributable cash flow, and cash distribution coverage ratio – that are non-GAAP financial measures as defined under the rules of the Securities and Exchange Commission. 

  11. Slide 11: Reconciliation of Non-GAAP distributable cash flow to GAAP net income

    WPZ Non-GAAP Reconciliations Reconciliation of Non-GAAP distributable cash flow to GAAP net income 11

  12. Slide 12: Reconciliation of Non-GAAP distributable cash flow to GAAP net income cont'd

    WPZ Non-GAAP Reconciliations Reconciliation of Non-GAAP distributable cash flow to GAAP net income cont’d 12

  13. Slide 13: Reconciliation of Modified EBITDA to Non-GAAP Adjusted EBITDA

    WPZ Non-GAAP Reconciliations Reconciliation of Modified EBITDA to Non-GAAP Adjusted EBITDA 13

  14. Slide 14: Adjustments to Modified EBITDA by Segment

    WPZ Non-GAAP Reconciliations Adjustments to Modified EBITDA by Segment 14

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