Skip to main content December 2022 Company Presentation – Enbridge Inc. | Shale Experts
Loading...
Pm

December 2022 Company Presentation – Enbridge Inc.

Enbridge Inc. · Dec 28, 2022 · 50 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. December 2022 Company Presentation – Enbridge Inc. – slide 1
    Modernizing Systems and Sustainable North American Growing Renewables and Other Achieving Net Zero Energy Drives Exports Low-Carbon Platforms Enbridge Inc. (TSX: ENB; NYSE: ENB) Investment Community Update December 2022
  2. December 2022 Company Presentation – Enbridge Inc. – slide 2
    Enbridge Footprint Ireland Gas 170 MM people served; 10% UK Transmission of LNG exports Germany Gas 2 Tcf of natural gas delivered France Distribution annually; 3.9 MM customers 12 MMbpd globally Liquids competitive refineries…
  3. December 2022 Company Presentation – Enbridge Inc. – slide 3
    Low-Risk Commercial Profile 40+ Diversified Highly Predictable 98% Industry-Leading Sources of Cash Flow Utility-Like Cash Flows1 Cost-of-service/ Contracted Financial Risk Profile 4% Power (Power Price Agreements) 12% Gas…
  4. December 2022 Company Presentation – Enbridge Inc. – slide 4
    Strengthening Our Base Business Regulatory Update Built-in Revenue Cost and Productivity Escalators1 Improvements Texas Eastern + C125M EBITDA (% of EBITDA) Algonquin + C25M EBITDA Regulatory recovery + C10M EBITDA mechanisms BC…
  5. December 2022 Company Presentation – Enbridge Inc. – slide 5
    2021 ESG Performance GHG emissions over 29% -20 % 6B 27% Improvement in Methane Invested Intensity TRIF1 rate over emissions in pipeline 2018 35% three-year average 1.65 tCO2e to 1.32 tCO2e integrity in last 3 years Diversity &…
  6. December 2022 Company Presentation – Enbridge Inc. – slide 6
    ENB A Differentiated Service Provider Todays Success Factors in Action Line 3 Replacement Ingleside Export Facility ESG Leadership Net-zero emissions & diversity goals Undeveloped Terminal Land World-Class Execution 36B into…
  7. December 2022 Company Presentation – Enbridge Inc. – slide 7
    Surfacing Shareholder Value Revenue & Productivity Asset Sales & Monetization Capital Efficiency Optimization EV/EBITDA Recent Projects Multiple 5.7 11B 400kbpd 6 5 Asset sales DRA…
  8. December 2022 Company Presentation – Enbridge Inc. – slide 8
    A Proven Investment Track Record Significant EBITDA1 Growth Superior Dividend Growth Industry Leading TSR2 (Billion, CAD) (Dividend per Share) (since 2008) 15.9- 15.0-16.5 3.55 15.6 3.44 12.0% 9.0% 9.3% 0.66 2.5 08 22e…
  9. December 2022 Company Presentation – Enbridge Inc. – slide 9
    Our Approach to Energy Transition Conventional Investment Required Core Business Remain Critical (Cumulative global investment, USD Trillions)1 10.0 Gas Transmission Liquids Pipelines Gas Distribution & Storage 5.0 170 MM 12 MMBPD…
  10. December 2022 Company Presentation – Enbridge Inc. – slide 10
    Our Dual-Pronged Strategy Core Growth Low-Carbon Growth Optimize / Exports Modernize Solar/ RNG H2 CCS Expand Assets Wind Liquids 1 Pipelines Gas 1 Transmission Gas Distribution Renewable Power Our strategies focus on…
  11. December 2022 Company Presentation – Enbridge Inc. – slide 11
    Predictable Organic Growth Executing on Secured Up to 6B/year of Organic Growth Potential Growth (2022-2024) Supplements 2022-2024, drives post-2024 growth Gas Transmission Gas Distribution 8B 17B up to 2.0B/year up to 1.5B/year…
  12. December 2022 Company Presentation – Enbridge Inc. – slide 12
    Gas Transmission & Midstream Up to 2.0B / year West Coast LNG Export Strategy Meeting Residential & 3B of modernization through Commercial Demand 2025; 0.5B to 1.0B ongoing U.S. Northeast Gas Demand Supporting Electric 4B+ in…
  13. December 2022 Company Presentation – Enbridge Inc. – slide 13
    Gas Distribution & Storage Up to 1.5B / year Growing Regulated 4B of investment planned Assets through 2025; 1B ongoing ONTARIO Thunder Bay Montreal Ottawa Expanding Storage & 1B of Dawn Hub & pipeline Sault Ste. Marie H2…
  14. December 2022 Company Presentation – Enbridge Inc. – slide 14
    Liquids Pipelines Existing Operating Up to 1.0B / year Leverage1 Capitalize on Operating Execute on continued Capital Efficient Leverage (Zero Capital) productivity improvements Expansion Potential Express Capital Efficient 2.5B+…
  15. December 2022 Company Presentation – Enbridge Inc. – slide 15
    Leveraging Existing Assets for Low-Carbon Growth Gas Transmission 0.5B Gas Distribution 0.5B Liquids Pipelines 0.5B through through through 2025 2025 2025 Hydrogen CO2 Oil Sands & H2 H2 Studies underway QUEBEC Fort Saskatchewan…
  16. December 2022 Company Presentation – Enbridge Inc. – slide 16
    Renewable Power Offshore Wind Strategy Up to 1.0B / year UK Germany Behind the France Up to 1B in behind the meter Meter Strategy In operation Under construction investments in near-term; 0.3B in Awarded Expanding Onshore…
  17. December 2022 Company Presentation – Enbridge Inc. – slide 17
    Accelerating N.A. Onshore Renewables Strategy TGE Transaction N.A. Onshore Portfolio Completed acquisition of Tri Global Energy (TGE) (Net GW) 3x potential Purchase price: US270MM growth in N.A. renewable portfolio 3.9 GW of…
  18. December 2022 Company Presentation – Enbridge Inc. – slide 18
    Strong Portfolio Business Mix (2022e EBITDA by business unit) Consistent low-risk profile Significant operating synergies 26% Gas Transmission Robust equity returns 58% Increasing free cash flow generation 12% Gas Distribution…
  19. December 2022 Company Presentation – Enbridge Inc. – slide 19
    Capital Allocation Priorities Capital Allocation Drivers 1 Protect Balance Sheet Preserve financial strength and flexibility 4.5x D/EBITDA2 5.0x Ratable dividend increases up 2 Sustainable Return of Capital to medium-term…
  20. December 2022 Company Presentation – Enbridge Inc. – slide 20
    Capital Allocation Framework (5-6B of Annual Investable Capacity) High Priority Investments Deploy Incremental Capacity Core Drive Sustainable Long- Excess to Drive Additional Growth Allocation Term Growth Allocation and Value…
  21. December 2022 Company Presentation – Enbridge Inc. – slide 21
    Value Proposition Resiliency and longevity of cash flows 4.7x debt to EBITDA; BBB+ credit rating ESG Leadership Up to 6B of annual organic capital investments Strong balance sheet Visible 5-7% Growing investable free cash flow…
  22. December 2022 Company Presentation – Enbridge Inc. – slide 22
    Advancing Strategic Priorities
  23. December 2022 Company Presentation – Enbridge Inc. – slide 23
    2022 Business Update Gas Gas Distribution Renewables Liquids Transmission & Storage Pipelines 20% of natural gas consumed 2 Tcf of natural gas delivered; 2.2 GW1 renewable energy 30% of N. Americas oil in the U.S. Serving 75% of…
  24. December 2022 Company Presentation – Enbridge Inc. – slide 24
    Secured Organic Capital Program Project Expected ISD Capital (B) Modernization Program 2022-2025 2.2 USD Other Expansions 2022-2025 0.5 USD Secured Capital ( Billions by in service date) Venice Extension1 2023-2024 0.4 USD Gas…
  25. December 2022 Company Presentation – Enbridge Inc. – slide 25
    Liquids Pipelines Gas Transmission Gas Distribution Renewables Liquids Pipelines Update Mainline Tolling +500 kbpd1 Two commercial options: Incentive Tolling Settlement Cost of Service +350 kbpd Negotiations continuing…
  26. December 2022 Company Presentation – Enbridge Inc. – slide 26
    Liquids Pipelines Gas Transmission Gas Distribution Renewables Ingleside Terminal Developments Houston Area 1) Crude Oil Storage & Export Expansion Late-stage development TETCO 2 mmbbls expansion (increase capacity to 17 mmbbls)…
  27. December 2022 Company Presentation – Enbridge Inc. – slide 27
    Liquids Pipelines Gas Transmission Gas Distribution Renewables Carbon Capture & Storage Open Access Wabamun Carbon Hub Milestones Illustrative Today 2023 2024 2025 2026 2027 Alexander Awarded Geological Validation Alexis…
  28. December 2022 Company Presentation – Enbridge Inc. – slide 28
    Liquids Pipelines Gas Transmission Gas Distribution Renewables JV Merger with Phillips 66 Realignment of Economic Interests Announced August 17, 2022 Transaction Overview Merge two existing JVs with Phillips 66 Optimize economic…
  29. December 2022 Company Presentation – Enbridge Inc. – slide 29
    Liquids Pipelines Gas Transmission Gas Distribution Renewables Advancing USGC Oil Export Strategy +2MMbls In development Benefits of Increased Ownership of supply through 2040 Increased exposure to competitive, abundant and…
  30. December 2022 Company Presentation – Enbridge Inc. – slide 30
    Liquids Pipelines Gas Transmission Gas Distribution Renewables Regional Oilsands Indigenous Partnership Regional Oil Sands Partnership Overview Norealis Athabasca Terminal Terminal Cheecham Terminal WBE-APT (Line 45) Athabasca…
  31. December 2022 Company Presentation – Enbridge Inc. – slide 31
    Liquids Pipelines Gas Transmission Gas Distribution Renewables USGC LNG Position and Strategy USGC Market Pull TETCO expansion Strong incumbent network Greenfield pipeline 1. Venice Extension1 New connections Plaquemines LNG TX…
  32. December 2022 Company Presentation – Enbridge Inc. – slide 32
    Liquids Pipelines Gas Transmission Gas Distribution Renewables T-North Expansions Enbridge B.C. Pipeline System Aspen Point Program (Sanctioned Q2) 535 MMcf/d expansion AK BC Pipeline looping and new compression WCGT N-4 1.2B…
  33. December 2022 Company Presentation – Enbridge Inc. – slide 33
    Liquids Pipelines Gas Transmission Gas Distribution Renewables T-South Pipeline Expansion Newly Secured Organic Project Enbridge B.C. Pipeline System Successful binding open season WCGT T-North Fort Taylor Expanding system by…
  34. December 2022 Company Presentation – Enbridge Inc. – slide 34
    Liquids Pipelines Gas Transmission Gas Distribution Renewables Woodfibre LNG Investment T-North N-2 N-3 Investment Overview2 Strategic Fit BC N-4 N-5 Fort Taylor 30% preferred equity interest Direct connection to STATION 2…
  35. December 2022 Company Presentation – Enbridge Inc. – slide 35
    Liquids Pipelines Gas Transmission Gas Distribution Renewables Woodfibre LNG Project Overview Indigenous Engagement Overview: Extensive, meaningful consultation Liquefaction Plant with Indigenous peoples 2.1 mtpa production…
  36. December 2022 Company Presentation – Enbridge Inc. – slide 36
    Liquids Pipelines Gas Transmission Gas Distribution Renewables Woodfibre LNG Fundamentals Growing Asian LNG Demand1 Advantaged Shipping Costs2 LNG Export Breakevens3 MMtpa Delivered to Asia Breakevens (/mmbtu) 570 Estimated 600…
  37. December 2022 Company Presentation – Enbridge Inc. – slide 37
    Liquids Pipelines Gas Transmission Gas Distribution Renewables Woodfibre LNG Execution Plan Construction Overview Execution Timeline Modular plant construction Squamish EA2 certificate Pre- Federal EA approval Lump sum turn-key…
  38. December 2022 Company Presentation – Enbridge Inc. – slide 38
    Liquids Pipelines Gas Transmission Gas Distribution Renewables Gas Distribution Update Capital Program Sanctioned Panhandle Expanding Utility Portfolio: in Execution Expansion RNG and Hydrogen Current Existing Proposed DAWN HUB…
  39. December 2022 Company Presentation – Enbridge Inc. – slide 39
    Liquids Pipelines Gas Transmission Gas Distribution Renewables Renewables Update Offshore Wind Portfolio Solar Self-Power Projects Renewable Growth Potential (Net GW)1 1.3 GWs 8 5 Alberta Solar One 7 UK 10.5 MW North America…
  40. December 2022 Company Presentation – Enbridge Inc. – slide 40
    2022 Financial Performance Update
  41. December 2022 Company Presentation – Enbridge Inc. – slide 41
    Capital Allocation Priorities Unchanged 1 Protect Balance Sheet 2 Sustainable Return of Capital 3 Further Organic Growth 11B Of capital recycling 7B 8B Dividends paid in 2022 New secured growth (2.8B since mid 2021) capital in…
  42. December 2022 Company Presentation – Enbridge Inc. – slide 42
    Year-to-Date Financial Performance Q3 YTD Quarterly Drivers ( Millions, except per share amounts) 2022 2021 YoY 2022 2021 YoY Liquids Pipelines 2,269 1,898 6,581 5,623 Operational performance Gas Transmission & Midstream 1,158 986…
  43. December 2022 Company Presentation – Enbridge Inc. – slide 43
    2022 Full Year Outlook EBITDA Guidance1 DCF/share Guidance1 (Billions) 5.20 5.50 Tailwinds/Headwinds 15.0 15.6 4.96 to Full-Year Guidance 14.0 Strong operating performance & system utilization Stronger USD Energy Services…
  44. December 2022 Company Presentation – Enbridge Inc. – slide 44
    2023 Financial Guidance Adjusted EBITDA1 DCF/share1 Dividends/share (B) 15.9 5.25 15.0 5.20 5.65 Strong growth across the 16.5 5.50 15.6 3.44 3.55 business (8% EBITDA 4.97 3.34 14.0 CAGR vs. 2021) 28th consecutive dividend…
  45. December 2022 Company Presentation – Enbridge Inc. – slide 45
    2023 EBITDA Guidance ( Millions) 2023e Growth Drivers vs. 2022 Guidance Strong Mainline utilization Liquids Pipelines 9,000 Increased interest in Gray Oak & Cactus II New assets placed into service Gas Transmission & Midstream…
  46. December 2022 Company Presentation – Enbridge Inc. – slide 46
    2023 DCF Guidance ( Millions) 2023e Drivers vs. 2022 Guidance Adjusted EBITDA1 (from prior slide) 15,900-16,500 Maintenance Capital (1,000) Financing Costs (3,900) Higher interest rates & new issuances Current Income Taxes2 (500)…
  47. December 2022 Company Presentation – Enbridge Inc. – slide 47
    2023 Planning Parameters Base Business: Embedded revenue growth, robust system utilization, & cost Quarterly Profile EBITDA & DCF2 management Mainline tolling provision consistent with 2022 Mainline volume: 3.0Mbpd Secured project…
  48. December 2022 Company Presentation – Enbridge Inc. – slide 48
    Equity Self-Funded Model 2023 Funding Plan Industry-Leading Credit Ratings ( Billions) Rating Business Risk 5 Debt Maturities 6 Baa1 Debt Funding Low business risk Stable 5 Secured Growth Capital BBB+ Excellent Stable 7 12…
  49. December 2022 Company Presentation – Enbridge Inc. – slide 49
    For More Information Gas Distribution and Storage: Events and Presentations Enbridge Day 2021 Gas Transmission and Midstream: Events and Presentations Enbridge Day 2021 Liquids Pipelines: Events and Presentations Enbridge Day 2021…
  50. December 2022 Company Presentation – Enbridge Inc. – slide 50
    Contact Information Rebecca Morley Director, Investor Relations 1-800-481-2804 Investor.Relationsenbridge.com

From the store

Browse maps, data & reports in the Shale Experts store