J.P. Morgan Investor Conference Al Monaco, President & CEO June 18, 2019
Enbridges Value Proposition Leading energy infrastructure position Low-risk pipeline/utility business model Strong investment grade credit profile Long history of consistent dividend growth Attractive outlook for continued cash…
Enbridges Strategic Footprint 2016 2018 Enterprise Value 95B 160B EBITDA 6.9B 12.8B EBITDA by Business 20% 45% Natural Gas Natural Gas Total Assets by Geography 50% 60% U.S. U.S. Liquids pipelines Delivering North Americas Energy…
Enbridges Low Risk Business Model Contractual Profile of Counter Party 2019e EBITDA Credit Exposure2 Resiliency in All Market Conditions 14,000 100 WTI 12,000 98% 93% 75 10,000 8,000 TOP / COS / Fixed Fee/CTS Investment…
Major 2018 Strategic Accomplishments 2018 Key Priorities Actions Strong financial and operating performance 1. Deliver cash flow & dividend growth 7B new projects in-service 10% dividend increase for 2019 2. Move to pure regulated…
Line 3 Replacement Project Critical energy infrastructure replacement Canadian construction complete Edmonton Hardisty Wisconsin segment complete and in-service Kerrobert North Dakota regulatory and permitting complete Regina In…
Near-Term Liquids System Optimization/Expansions Additional Mainline Optimizations Express Pipeline Expansion Edmonton Hardisty Hardisty Kerrobert 85 50 kbpd kbpd Regina Cromer Express Gretna PADD IV ND Superior Platte…
Significant Organic Growth Potential Natural Gas Pipelines Liquids Pipelines Gas Utility - Ontario Dawn Hub Expansion community USGC LNG connections Mainline optimizations and Customer additions US S.E. and US N.E. expansions…
Capital Allocation & Growth Outlook 2-3B Annual Gas Long Term self-funding capacity Transmission Growth Outlook of 5-6B 2B 1B 5-7% DCF per share Liquids Gas Pipelines Utilities & Other Strong energy fundamentals and a…
Financial Strength & Flexibility Consolidated DEBT to EBITDA1 Enbridge Inc. Sr. Unsecured Debt Ratings2 6.0x 5.5x Standard & Poors BBB+ Target Range: stable 4.5x to comfortably below 5.0x 5.0x Fitch BBB+ stable 4.5x 4.0x…
Key Priorities for 2019 1 Achieve 2019 DCF guidance range of 4.30-4.60/share 2 Line 3 Replacement 3 Advance priority access on Mainline 4 Extend secured growth 5 Maintain balance sheet strength & flexibility Line 3…