Enbridge Inc. · TSX:ENB
Enbridge — FirstEnergy Oil Sands Conference (March 2006)
20 slides from Enbridge's conference presentation, Mar 6, 2006
Slide 1: Broadening Markets – The Pipeline Perspective
Broadening Markets – The Pipeline Perspective FirstEnergy Oil Sands Conference Pat D. Daniel, President & CEO March 6, 2006
Slide 2: Forward Looking Statements
Forward Looking Statements Certain information provided in this presentation constitutes forward-looking statements. The words "anticipate", "expect", "project" and similar expressions are intended to identify such forward looking statements. Although Enbridge believes that these statements are base
Slide 3: Three Strong Businesses Connecting Supply With Demand
Three Strong Businesses Connecting Supply With Demand Inuvik Norman Wells Zama Spain Fort St. John Fort McMurray Edmonton Hardisty Seattle Regina Portland Clearbrook Saint John Covenas Superior Montreal Ottawa OCENSA Casper Toronto Salt Lake City Sarnia Buffalo Bogotá Chicago Toledo Kansas City Pato
Slide 4: Largest Transporter of Canadian Crude Oil to US
Largest Transporter of Canadian Crude Oil to US 1 US Imports 2005 (million barrels/day) Canada 1.6 Enbridge 1.0 Alberta Oilsands Fort McMurray Others 0.6 Transmountain Edmonton Mexico 1.6 6% Saudia Arabia 1.4 Hardisty Enbridge Venezuela 1.2 62% Nigeria 1.1 W Corridor Express Iraq 0.5 9% 13% Angola 0
Slide 5: Oil Sands Growth
Oil Sands Growth SUPPLY DEMAND (000 M3/D) (000 BPD) (000 M3/D) (000 BPD) 800 5,000 800 5,000 Actual Producers Forecast 4,500 4,500 700 700 4,000 4,000 600 600 Enbridge Forecast 3,500 3,500 West Coast Exports 500 500 3,000 PADD III 3,000 Raw 400 Bitumen 2,500 400 2,500 2,000 2,000 300 300 PADD II Syn
Slide 6: North America’s Premier Oil Pipeline Network
North America’s Premier Oil Pipeline Network Norman Wells Gateway (C$4.0 B) Zama Fort McMurray Kitimat Alberta Clipper Edmonton Hardisty (US$1.6 B) Vancouver Seattle Regina Projects In-Service Southern Access Expansion (US$1.2 B) Portland Spearhead Q1 2006 Montreal Gulf Coast Q1 2006 Casper Toronto
Slide 7: New Market Access – Spearhead Pipeline
New Market Access – Spearhead Pipeline Clearbrook Superior Montreal Q Anticipated capital US Minneapolis Toronto $200 million Buffalo Sarnia go Ch ic a Toledo Q In service March 1, 2006 Canton Lima Q Current Cushing pricing r he ad Robinson strongly favours Canadian ea Wood Sp River Patoka Catlettsb
Slide 8: New Market Access - Gulf Coast
New Market Access - Gulf Coast Superior Clearbrook Montreal Toronto Minneapolis Buffalo Sarnia go ca C hi Toledo Canton Robinson Lima Q Initial access via Exxon Wood River Patoka Mobil initiative Catlettsburg – 65 kbpd in early 2006 y lle Cushing Va d Mi Q Additional access under il ob nM developmen
Slide 9: Mainline Expansion - Southern Access
Mainline Expansion - Southern Access Q 400 kbpd expansion, Edmonton to Chicago Q Approved by CAPP, fieldwork underway Edmonton Hardisty Q Upsize to 36” diameter Kerrobert also approved Regina Q Anticipated capital Cromer US $1.2 bil. ($2005) Gretna Clearbrook Montreal Superior Edmonton - Gretna Toro
Slide 10: New Market Access - Southern Access Extension
New Market Access - Southern Access Extension Superior Clearbrook Montreal Toronto Minneapolis Buffalo o Sarnia ag ic Ch Toledo Canton Lima Robinson Q 30” diameter,179 miles, 300 Wood River Patoka kbpd capacity Catlettsburg Q Anticipated capital U.S. y Cushing lle $320 million ($2005) Va d Mi il ob
Slide 11: Mainline Expansion – Alberta Clipper
Mainline Expansion – Alberta Clipper Q New 36” line, Hardisty to Superior Q 400 kbpd additional capacity into Chicago Q Anticipated capital US $1.6 bil. ($2005) Edmonton Hardisty Q Strong economies of scale and integration Kerrobert Regina Q Optimum market and storage access Cromer Gretna Q No unusu
Slide 12: New Market Access - Eastern PADD II
New Market Access - Eastern PADD II Clearbrook Superior Montreal Toronto Minneapolis Q Multiple refinery Buffalo go Sarnia conversions still in play ca Detroit hi C Toledo Canton Q Potential US $225 million Robinson Lima pipeline investment Wood River Patoka Catlettsburg Q Target in service 2010 y l
Slide 13: New Market Access – Gateway Pipeline
New Market Access – Gateway Pipeline Q Crude Export Line: Norman Wells 36”, 700 miles, 400 kbpd, $2.5 billion ($2005) Zama Q Condensate Import Line: 150 plus kbpd 20”, 150 plus kbpd, $1.7 Fort McMurray 300 kbpd 400 kbpd billion standalone ($2005) ($US 2.04/barrel) Edmonton Hardisty Kerrobert Q Open
Slide 14: New Market Access Initiatives Gateway Project Target Markets
New Market Access Initiatives Gateway Project Target Markets Target Gateway Market 250 kbpd (2%) Kitimat Total Far East Market NM iles •• Edmonton 15,500 kbpd 00 ll) Korea Japan 5,0 g . to • • Ap pro x .10 / r el ag bar 1,400 N Miles China• ( $U S3 • Los Angeles • Taiwan Approx 10,000 N Jose/ Miles
Slide 15: Timely Pipeline Expansion
Timely Pipeline Expansion (000 BPD) (000 BPD) 2,500 2,500 Aggregate Producer Forecast 2,000 Alberta Clipper 2,000 Gateway 1,500 Accelerated 1,500 Southern Access Growth Current Unutilized 1,000 1,000 Export Capacity Forecasted Growth 500 500 0 0 2005 2007 2009 2011 2013 2015 Source: Enbridge Interna
Slide 16: Alberta Oilsands Regional Pipeline Development
Alberta Oilsands Regional Pipeline Development Norman Wells Zama Fort McMurray Kitimat Edmonton Hardisty Vancouver Seattle Regina Portland Montreal Casper Toronto Buffalo Salt Lake City Chicago Wood Patoka River Cushing Refineries Canadian Supplied Not Canadian Supplied Houston Enbridge Pipelines Po
Slide 17: Alberta Oilsands Regional Pipeline Development
Alberta Oilsands Regional Pipeline Development PetroCanada/UTS (Forthills) Synenco (Northern Lights) Imperial (Kearl) Total/Deer Creek (Joslyn) Husky (Sunrise) PetroCanada (MacKay River) Suncor Opti-Nexen (Long Lake) ConocoPhillips/Total (Surmont) Cheecham Terminal EnCana (Christina Lake) Athabasca
Slide 18: Contract Terminaling Footprint / Hot Spots
Contract Terminaling Footprint / Hot Spots Norman Wells Athabasca Zama Fort McMurray Hardisty Caverns Edmonton Hardisty Kerrobert Calgary Regina Cromer Gretna Clearbrook Superior Montreal Casper Sarnia Toronto Hartsdale Salt Lake City Toledo Flanagan Chicago El Dorado Wood River Patoka Cushing Houst
Slide 19: Pipeline and Terminal Infrastructure Development Summary
Pipeline and Terminal Infrastructure Development Summary Anticipated Capital Investment of $C12 Billion (2006-2010) $4,000 $3,550 $1,850 $1,350 $1,450 Contract Regional Mainline New Market Gateway Terminaling Pipelines Expansion Access ENB EEP 19
Slide 20: Summary
Summary Q Experienced Management Team, Consistent Strategy Q Customer Focused Q Customer Value Translates into Shareholder Value Q Unprecedented $12 Billion Organic Growth Projects in Oil Pipelines Q Financial Strength & Flexibility Q Geographic and Operational Diversification 20
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