Barclays CEO Energy- Power Conference
Alan Armstrong, President & Chief Executive Officer September 8, 2021
NYSE: WMB | www.williams.com
Large-scale, irreplaceable natural gas infrastructure
Wamsutter
Southwest
Wyoming
PiceanceDJ Basin
Anadarko
Permian
Haynesville
Barnett
Eagle Ford
Deepwater
Gulf of Mexico
Marcellus
+ Utica
Handling
~30%
of nation's natural gas
1.26 million MT CO2 avoided each day by combusting
29.8 MMDth of gas
- coal1
Fee-basedG&P business with geographical diversity, serving
14
key supply areas
Transco
Nation's largest
and fastest growing
major pipeline
More than doubled contracted capacity to 17.9 Bcf/d in 2020 from 8.5 Bcf/d in 2008
Natural gas
focused strategy
provides a
practical and
immediate path to reduce emissions
1Coal and natural gas plant emissions rate and heat rate assumptions per EIA.
WILLIAMS © 2021 The Williams Companies, Inc. All rights reserved. | NYSE: WMB I Barclays CEO Energy-Power Conference I September 08, 2021 I www.williams.com | 2 |
Why Williams?
Financial strength | Focus on long-term |
& stability | shareholder value |
Reliable earnings, durable cash flow and a healthy balance sheet
Position of growth
Ability to invest in high-return growth projects, emission reduction projects and renewables
Return capital to shareholders and pay attractive dividend
Sustainable strategy
Leverage natural gas strategy to help build a clean energy future
WILLIAMS © 2021 The Williams Companies, Inc. All rights reserved. | NYSE: WMB I Barclays CEO Energy-Power Conference I September 08, 2021 I www.williams.com | 3 |
Williams is a unique investment opportunity
NYSE: WMB | www.williams.com
Reliable earnings and healthy balance sheet
Adjusted Earnings Per Share ($/Shr) | AFFO ($MM) & Dividend Per Share ($/Shr) | |||||||||||||||||||||||||||||
~14% | $1.10 | $1.09 - $1.25 | $2,965 | $3,611 | $3,638 | $3,800 | ||||||||||||||||||||||||
$0.79 | $0.99 | $1.52 | $1.64 | Healthy | ||||||||||||||||||||||||||
$1.36 | $1.60 | |||||||||||||||||||||||||||||
CAGR | AFFO SUPPORTING | |||||||||||||||||||||||||||||
DIVIDEND WITH | ||||||||||||||||||||||||||||||
TO MIDPOINT | ||||||||||||||||||||||||||||||
AMPLE COVERAGE | ||||||||||||||||||||||||||||||
OF 2021G | ||||||||||||||||||||||||||||||
Excess Cashflow Dividend/Shr | ||||||||||||||||||||||||||||||
2018 | 2019 | 2020 | 2021G | |||||||||||||||||||||||||||
2018 | 2019 | 2020 | 2021G | |||||||||||||||||||||||||||
Total Dividends1 | ||||||||||||||||||||||||||||||
Adjusted EBITDA ($MM) | Net Debt-to-Adjusted EBITDA2 | |||||||||||||||||||||||||||||
~5% | $5,200 - $5,400 | 4.80x | ~13% | |||||||||||||||||||||||||||
$5,105 | Expecting | |||||||||||||||||||||||||||||
$5,015 | ||||||||||||||||||||||||||||||
IMPROVEMENT | ||||||||||||||||||||||||||||||
CAGR | high-end of | 4.39x | 4.35x | |||||||||||||||||||||||||||
$4,638 | '21 Guidance | IN LEVERAGE | ||||||||||||||||||||||||||||
TO MIDPOINT | range | <4.20x | METRIC | |||||||||||||||||||||||||||
OF 2021G | ||||||||||||||||||||||||||||||
Williams Adj. EBITDA | ||||||||||||||||||||||||||||||
Guidance Midpoint | 2018 | 2019 | 2020 | 2021G | 2018 | 2019 | 2020 | 2021G | ||||||||||||||||||||||
Note: This slide contains non-GAAP financial measures. A reconciliation of all non-GAAP financial measures used in this presentation to their nearest comparable GAAP financial measures is included at the back of this presentation.
1 Includes cash dividends paid on common stock each quarter by WMB, as well as the public unitholders share of distributions declared by WPZ for the first two quarters of 2018. 2 Does not represent leverage ratios measured for WMB credit agreement compliance or leverage ratios as calculated by the major credit ratings agencies. Debt is net of cash on hand, and Adjusted EBITDA reflects the sum of the last 4 quarters.
WILLIAMS © 2021 The Williams Companies, Inc. All rights reserved. | NYSE: WMB I Barclays CEO Energy-Power Conference I September 08, 2021 I www.williams.com | 5 |
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The Williams Companies Inc. published this content on 08 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2021 11:11:02 UTC.