Skip to main content 3Q 2022 Earnings Presentation – Enbridge Inc. | Shale Experts
Loading...
Pm

3Q 2022 Earnings Presentation – Enbridge Inc.

Enbridge Inc. · Jan 3, 2023 · 25 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. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 1
    Al Monaco Vern Yu President & EVP, Corporate Development & Q3 2022 Financial Results & Business Update Chief Executive Officer Chief Financial Officer
  2. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 2
    Agenda Q3 Highlights Business Update Financial Performance & Outlook 3
  3. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 3
    Q3 Highlights Focused on operational safety and integrity programs Operations High capacity utilization across the business Strong Q3 results; On track to achieve 2022 EBITDA & DCF/share guidance Financial Bolstering balance sheet…
  4. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 4
    Our Dual-Pronged Strategy Core Growth Low-Carbon Growth Optimize / Exports Modernize Solar/ RNG1 H2 CCS2 Expand Assets Wind Liquids 3 Pipelines Gas 3 Transmission Gas Distribution Renewable Power Our strategies focus on…
  5. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 5
    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…
  6. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 6
    Global Natural Gas Fundamentals Growing Global Demand1 Growing N.A. LNG Exports1 (Bcf/d) (Bcf/d) Demand growth driven by security 420 30 benefits, reliability of supply, and lower 385 emissions Essential fuel for quality of…
  7. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 7
    Enbridge's Natural Gas Strategy Potential Enbridge T-North LNG Export Volumes4 (Bcf/d) T-South 10 9 Bcf/d ENB LNG export market Maritimes & share4 up to Northeast Squamish CS-8A Alliance 1. Venice Extension Plaquemines LNG…
  8. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 8
    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 300 MMcf/d STATION 2 St.John Prince Rupert CS-2B PTP CS-3 Dawson…
  9. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 9
    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 of capital under cost-of-service rates Ksi Lisims T-North LNG N-5…
  10. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 10
    Liquids Update Mainline Tolling +500 kbpd1 Two commercial options: Incentive Tolling Settlement Cost of Service +350 kbpd Negotiations continuing Expansion optionality once a tolling Express framework is determined +60 kbpd…
  11. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 11
    Growing Renewable Opportunities in N.A. Favorable Legislation1 Renewable Capacity Growth2 Cumulative Renewable Shortfall1 (U.S. GW capacity buildout 2021 to 2050) (GW) 70 2 500 Wind Solar 1,500 GW 2 250 Growth 60 2 000 50 1 750…
  12. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 12
    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…
  13. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 13
    Growing Renewable Platform N. American and European Renewable Asset Portfolio (Net GW) 8 5 7 8 billion invested 47 assets in renewable energy in operation and 6 under construction since 2002 Full value chain Existing 4…
  14. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 14
    Optimizing Asset Portfolio Enbridge/Phillips 66 Joint Venture Increased Interest in Gray Oak Closed August 17, 2022 In development Permian +2MMbls of supply growth Houston through 2040 Indirect Economic Interests1: Pre Post SPOT…
  15. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 15
    Regional Oilsands Indigenous Partnership Regional Oil Sands Partnership Overview Norealis Athabasca Terminal Terminal Cheecham Terminal WBE-APT (Line 45) Athabasca (Line 19) Norlite Diluent (Line 74) Sunday Creek Waupisoo (Line…
  16. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 16
    Mitigating Market Risks Risks Mitigations Connected to top tier demand-pull markets Recession 98% of cash flows underpinned by COS1 or contractual agreements Energy security concerns driving new investment opportunities 80% of…
  17. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 17
    Q3 Financial Results 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 3,300 2,928 Gas…
  18. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 18
    2022 Financial 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…
  19. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 19
    2023 Tailwinds & Headwinds Utility customer growth & escalating rates Strong Gas Transmission rate increases & new capital in service Business Performance Energy Services transportation contract expiries Stronger USD Higher…
  20. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 20
    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…
  21. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 21
    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…
  22. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 22
    ESG Update Indigenous Reconciliation Journey: 2019 Canadian Line 3 Replacement Project: 0.5B spend with Indigenous businesses and communities 2021 U.S. Line 3 Replacement Project: 0.5B spend with Indigenous businesses and communities…
  23. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 23
    CEO Transition 2023 Financial Guidance Late-November, 2022 Al Monaco Greg Ebel Enbridge Day President & CEO Incoming Retiring end of 2022 President & CEO January 2023 2023 Tomorrow Toronto, ON isNew onYork, NY March 1,…
  24. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 24
    Takeaways ENB well-positioned for all economic cycles Strategic Priorities: Extend Advancing two-pronged strategy of conventional Organic and low-carbon growth opportunities Growth Executing conventional and low-carbon growth…
  25. 3Q 2022 Earnings Presentation – Enbridge Inc. – slide 25
    Q&A

From the store

Browse maps, data & reports in the Shale Experts store