Enbridge Inc. Investment Community Presentation July 2018
North Americas Leading Energy Infrastructure Company 2018 EBITDA Outlook Spectra Energy acquisition transitioned by business unit Gas Utilities Enbridge into a diversified liquids and Power natural gas infrastructure company 12.5B…
Executing on our 2018-2020 Strategic Priorities YTD 2018 highlights 1. Move to pure regulated pipelines / utility model 7.5 billion of non-core asset sales announced 2. Targeting 5.0x Debt-to-EBITDA by YE 2018 Accelerate…
Strategic Priority 1: Move to Regulated Pipeline & Utility Model Announced 7.5B of Non-Core Asset Sales Midcoast G&P Business Renewables Power Assets Canadian G&P Business Anadarko System OK Anadarko AR Basin Texas Express N. Texas…
Strategic Priority 2: Accelerate Deleveraging Strengthening Credit Metrics Consolidated Debt to EBITDA Outlook 8.0x Strengthening credit metrics as industry leading growth capital spend moderates and new projects generate…
Strategic Priority 3: Deliver Reliable Cash Flow & Dividend Growth Line 3 Replacement Project Update Critical 9B infrastructure replacement project Canadian construction program underway 400 km of pipeline laid; construction to…
Strategic Priority 3: Deliver Reliable Cash Flow & Dividend Growth Core Businesses Stable Through Commodity Cycles Pro-forma Historical EBITDA*(C Million) Stable and predictable cash flow 3,000 High utilization rate of assets…
Strategic Priority 3: Deliver Reliable Cash Flow & Dividend Growth Record Per Share Financial Performance in Q1 2018 Historical DCF/share Historical EPS DCF/share and EPS growth trend resuming in 2018 after temporary dilution from…
Strategic Priority 3: Deliver Reliable Cash Flow & Dividend Growth Enterprise-wide Secured Growth Project Inventory Capital Capital Project Expected ISD (B) Project Expected ISD (B) High Pine In service 0.4 CAD Stratton Ridge 1H19 0.2…
Strategic Priority 4: Streamline the Business Offers Made to Purchase Sponsored Vehicle Equity Pre-Restructuring Post-Restructuring TSX: ENB TSX: ENB NYSE: ENB NYSE: ENB Partnership Corporation Liquids Pipelines Business Gas…
Strategic Priority 5: Extend Growth Beyond 2020 Post-2020 Growth Potential Liquids Gas Offshore Capital Allocation Considerations Pipelines & Transmission Gas Utilities Renewables Terminals & Storage Competitive advantage…
Summary 2017 was a transformational year Spectra Energy transaction successfully diversified the business 2018 - 2020 Strategic Plan in place Focus on pipeline and utility-like assets Accelerate de-leveraging Execution of the…
Appendix
Other Project Execution Highlights1 Natural Gas: Natural Gas: Renewables: NEXUS Valley Crossing Rampion Texas Eastern TX Nueces Hub Rampion Valley NEXUS Crossing Gas Transmission Pipeline Offshore wind assets Mexico Under…
Sponsored Vehicle Public Equity Purchase Offers Key Terms of the Proposed Restructuring Restructuring SEP: 1.0123 common shares of ENB, representing a value of US33.10, equivalent to the closing price of SEPs Consideration common units…
Sponsored Vehicle Public Equity Purchase Offers Benefits for Enbridge Shareholders Simplifies Corporate & Capital Structure Single streamlined publicly traded entity Best-in-class, low risk liquids pipelines and gas transmission…
Sponsored Vehicle Public Equity Purchase Offers Benefits for SV Equity Holders of Holding ENB Shares Enbridge Energy Partners / Spectra Energy Partners Enbridge Income Fund Holdings Enbridge Energy Management Enhances liquidity…