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

Williams Companies, Inc. (the) — The Williams Companies — Q2 2016 Earnings Presentation

16 slides from Williams Companies, Inc. (the)'s earnings presentation, Aug 2, 2016

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

    Williams and Williams Partners Second Quarter Earnings Call August 2, 2016

  2. Slide 2: Second Quarter 2016 Summary: Premier Natural Gas Asset Portfolio Performing Well

    Second Quarter 2016 Summary: Premier Natural Gas Asset Portfolio Performing Well > GAAP Measures: Net Income(Loss), Segment Modified EBITDA - Affected by Impairment on Planned Canadian Asset Sale > 2Q 2016 Net Income/(Loss) attributable to WPZ of $(90) million, inclusive of impairment on planned Can

  3. Slide 3: First Half 2016 Summary: Premier Natural Gas Asset Portfolio Performing Well

    First Half 2016 Summary: Premier Natural Gas Asset Portfolio Performing Well > GAAP Measures: Net Income(Loss), Segment Modified EBITDA - Affected by Impairment on Planned Canadian Asset Sale > 1H 2016 Net Income/(Loss) attributable to WPZ of $(40) million, inclusive of impairment on planned Canadia

  4. Slide 4: Continue to Realize Execution Milestones

    Continue to Realize Execution Milestones Recent Developments > Transco – Garden State: FERC approval received for ~180 MMcf/ expansion to serve increased demand in New Jersey > Transco – New York Bay: FERC approval received for ~115 MMcf/d expansion with expected 4Q 2017 in-service date > Transco –

  5. Slide 5: Structural Growth Drivers in Place; Expect ~$11 Billion of New Capital In-Service 2015–2017

    Structural Growth Drivers in Place; Expect ~$11 Billion of New Capital In-Service 2015–2017 APPROXIMATE CUMULATIVE CAPITAL PLACED IN SERVICE BY YEAR ($BN)(1) $11 $4 Billion of additional fully- contracted assets to be placed in service in 2017 –Interstate projects: • Gulf Trace, Hillabee Ph. 1, Dalt

  6. Slide 6: New Financial Actions Position Williams for Continued Future Growth and Strengthen WMB & WPZ Credit Profile

    New Financial Actions Position Williams for Continued Future Growth and Strengthen WMB & WPZ Credit Profile Expected 2016-2017 Capital Spending, Dividend, Distribution and DRIP Plan Actions Designed to Enhance Value, Strengthen Credit Profile & Fund Development of Significant Portfolio of Fee-based

  7. Slide 7: Natural Gas-focused Strategy Reflected in Past Results, Current Position and Future Opportunities

    Natural Gas-focused Strategy Reflected in Past Results, Current Position and Future Opportunities > Business aligned to emerging demand-side opportunities, connecting best supplies to best markets Where We > Key infrastructure positions across natural gas value chain established, including the Have

  8. Slide 8: Forward-looking Statements

    Forward-looking Statements

  9. Slide 9: 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

  10. Slide 10: 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

  11. Slide 11: Non-GAAP Reconciliations

    Non-GAAP Reconciliations

  12. Slide 12: 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 –

  13. Slide 13: 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 13 Williams and Williams Partners Q2 2016 Earnings Release | August 2, 2016 © 2016 The Williams Companies, Inc. All rights reserved.

  14. Slide 14: 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) 14 Williams and Williams Partners Q2 2016 Earnings Release | August 2, 2016 © 2016 The Williams Companies, Inc. All rights reserved.

  15. Slide 15: Reconciliation of Modified EBITDA to Non-GAAP Adjusted EBITDA

    WPZ Non-GAAP Reconciliations Reconciliation of Modified EBITDA to Non-GAAP Adjusted EBITDA 15 Williams and Williams Partners Q2 2016 Earnings Release | August 2, 2016 © 2016 The Williams Companies, Inc. All rights reserved.

  16. Slide 16: Adjustments to Modified EBITDA by Segment

    WPZ Non-GAAP Reconciliations Adjustments to Modified EBITDA by Segment 16 Williams and Williams Partners Q2 2016 Earnings Release | August 2, 2016 © 2016 The Williams Companies, Inc. All rights reserved.

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