November 1, 2024 Greg Ebel Pat Murray President & CEO EVP & CFO
Legal notice Forward Looking Information This presentation includes certain forward-looking statements and information (FLI) to provide potential investors and shareholders of Enbridge Inc. (Enbridge or the Company) with information about…
Agenda Q3 Recap Value Proposition Business Updates Financial Performance Capital Allocation and Outlook 3
Third-Quarter Updates Strong Q3 financial results EBITDA1 and DCF1/share guidance reaffirmed; near top end for EBITDA & midpoint for DCF/share Financial Debt-to-EBITDA1 of 4.5x to 5.0x; anticipate lower leverage as full-year U.S.…
Designed to Succeed in All Market Cycles ENB represents Sustainable return of capital and visible growth underpin a 10-12% TSR 10% of total TSX 60 Yield2 dividends paid1 ENB Dividend Aristocrat 29 Consecutive Annual Increases…
Positioned to Serve Gas and Power Demand Enbridge infrastructure ideally situated to benefit from electric power, LNG, and industrial growth Electric Power & Industrial Growth 45% of N.A. gas-fired-gen within 50 miles of ENB network Up…
CANADA 2 MMbpd1 Connected to 75% Liquids Highlights Unparallelled connectivity to demand PADD II 4 MMbpd1 Western Canadian Sedimentary Basin Connected to 90% PADD IV 1MMbpd1 Expecting to exceed Mainline volume forecast of…
GTM Highlights Connecting new supply to key demand centers and extending Permian gas value chain U.S. Gulf Coast Offshore pipelines Canyon pipelines will service bps Kaskida offshore operations (US0.7 billion) Backed by long-term…
GDS Highlights Largest natural gas utility in North America primed to serve growing gas demand immediately Enbridge Gas Enbridge Gas Enbridge Gas Enbridge Gas 9GW of data center Ontario ONTARIO Ohio1 Utah2 ID WY North…
Renewable Power Highlights Significant backlog growth with blue-chip customers across the U.S. 6GW1 of onshore N.A. Fox Squirrel Solar Sequoia Solar opportunities Up to Cleveland 577MW1 Sequoia Solar Farm 815 MW1 OHIO Dallas…
Quarterly Financial Results Strong financial results across the company Q3 YTD 3rd Quarter Drivers ( Millions, except per share amounts) 2024 20231 2024 20231 Liquids Pipelines1 2,343 2,299 7,259 7,070 Mainline toll escalator Gas…
Reaffirming Guidance and Multi-Year Outlook Trending towards top end of range for EBITDA and midpoint for DCF/share Adjusted EBITDA1 DCF/share1 Near-term outlook (billions) 2023-2026 EBITDA1 CAGR: 7%-9% 17.7 18.3 5.40 5.80 EPS1…
Capital Allocation Priorities Disciplined capital allocation within leverage target drives stable cash-flow and dividend growth Preserve financial strength and flexibility 8 to 9 billion of Annual Balance Ongoing capital recycling…
First-Choice Investment Enbridge is positioned to succeed in all market conditions Upcoming Scale and diversification driving competitive advantages across complementary franchises Events Industry-leading footprint and world-class…
Secured Capital Program Diversified secured capital program with limited inflation risk Project Expected ISD Capital (B) Gray Oak & Ingleside Expansion 2025-2026 0.1 USD Liquids Pipelines Enbridge Houston Oil Terminal 2025 0.2 USD…