Enbridge Inc. · TSX:ENB
Enbridge — Investor Presentation (December 2025)
8 slides from Enbridge's investor presentation, Dec 3, 2025
Slide 1: 2026 Financial Guidance
2026 Financial Guidance December 3, 2025 Enbridge Inc. (TSX: ENB; NYSE: ENB) ZENBRIDGE
Slide 2: Legal notice
Legal notice Forward Looking Information This presentation includes certain forward-looking statements and information, including financial outlooks and other forward-looking financial information (FLI) to provide potential investors and shareholders of Enbridge Inc. (Enbridge or the Company) with i
Slide 3: 2026 Financial Guidance
2026 Financial Guidance Strong growth driven by Secured Capital Program and system-wide optimization Adjusted EBITDA 1 DCF/share 1 Dividend/share ($B) $20.2 – $5.50 – $5.70 – $19.4 – $20.8 $5.90 $6.10 $20.0 $5.45 $5.60 $3.88 $3.66 $3.77 $18.0 $3.55 $16.2 2023 2024 2025e 2026e 2023 2024 2025e 2026e 2
Slide 4: 2026 EBITDA Guidance
2026 EBITDA Guidance Contributions from new assets, rate escalation and re-contracting across the business ($ Millions) 2026e Growth Drivers vs. 2025 Guidance Liquids Pipelines ~9,600 ▬ Volumes and performance consistent with 2025 Contributions from Ridgeline, Aspen Point, A2M21, & Longview Incr
Slide 5: 2026 DCF Guidance
2026 DCF Guidance Higher debt balances and AEDC3 partially offsetting EBITDA growth ($ Millions) 2026e Drivers vs. 2025 Guidance Adjusted EBITDA1 (from prior slide) $20,200 - $20,800 Maintenance Capital ~(1,200) Optimizations Financing Costs ~(5,425) Higher principal debt balance Current Income
Slide 6: 2026 Planning Parameters
2026 Planning Parameters Low-risk business profile and risk management drive consistent results Assumptions Quarterly Profile – 2026e (Adjusted EBITDA1) • Embedded revenue growth, high utilization and system optimization driving $200M-300M cost savings • Mainline volumes of ~3,050 kbpd; system opera
Slide 7: 2026e Funding Plan
2026e Funding Plan Significant capital opportunities driving accretive investments across business Uses & Sources Financial2 Targets 2 ($ Billions) Debt/EBITDA DCF Payout 2026e 2026e ~$5 4.5x 5.0x 60% 70% Debt Maturities ~$10 Debt/Hybrid ~$10 Funding Secured Capital Entering Service $37B Secured Gro
Slide 8: Vice President, Investor Relations & Insurance
Vice President, Investor Relations & Insurance 1-800-481-2804 Investor.Relations@enbridge.com