Enbridge Inc. · TSX:ENB
Enbridge — Merger or Acquisition (September 2021)
11 slides from Enbridge's merger presentation, Sep 7, 2021
Slide 1: Acquisition of North America's Premier Export Facility
Farhah (VLCC) docked at Ingleside Acquisition of North America’s Premier Export Facility September 7, 2021– Enbridge Inc. (TSX/NYSE: ENB)
Slide 2: Legal Notice
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 Enbridge and its subsidiaries and affiliates, including manag
Slide 3: Enbridge U.S. Gulf Coast Strategy
Enbridge U.S. Gulf Coast Strategy • Strategic & disciplined build Crude Oil Export Strategy Natural Gas Export Strategy out of U.S. Gulf Coast (USGC) energy infrastructure to support Cushing Flanagan South (2014) LA Cameron Venice North American exports Storage Texas Extension Extension OK Eastern P
Slide 4: Advancing Crude Oil Export Strategy
Advancing Crude Oil Export Strategy Acquiring N. America’s Aligns With Low-Risk Embedded Future Largest Export Terminal Commercial Model Organic Growth 15.3million 1.6million barrels of current barrels/day of current ~90% of revenue supported by 5.5million 0.3million barrels of new crude barrels/day
Slide 5: Acquisition Overview
Acquisition Overview • Agreed to acquire Moda Midstream Operating, LLC (“Moda”) in an all-cash transaction that values the enterprise at USD $3.0 billion on a debt-free basis Transaction Terms • Transaction to be financed with existing liquidity and internally generated equity • Retaining key manage
Slide 6: Premier North American Export Platform
Premier North American Export Platform Enbridge Ingleside Energy Center (EIEC) Cactus II Pipeline Storage 15.3 MMbbls capacity • 20% equity ownership in the Capacity 20.8 MMbbls permitted Existing ENB assets Flanagan South / 670 kbpd Permian to Corpus Gray Oak Acquired assets Spearhead Christi crude
Slide 7: Unparalleled Competitive Position
Unparalleled Competitive Position State-of-the-art storage and Corpus Christi is the Leading EIEC Accounts for 25% of export infrastructure Export Location (Percent of USGC Crude Exports By Location) 800 Total USGC Crude Exports1 (Mbpd) U.S. # 1#1 Gulf Coast Connected to North America’s U.S. Gulf Co
Slide 8: Light Oil Export Fundamentals
Light Oil Export Fundamentals Permian Supply Permian Supply North American Crude Competitiveness1 Outlook3 Export Outlook3 Economic Break Even (WTI Price – $USD/bbl) MMbpd MMbpd $50 7 7 6 6 $40 5 5 $30 4 4 $20 3 3 2 2 $10 1 1 $- 0 Middle Permian North Asia Canada Latin Africa 2020 2022 2024 2026 202
Slide 9: A Differentiated ESG Approach to Exports
A Differentiated ESG Approach to Exports • Plan to reduce 100% of net Scope 1 & 2 Up to 500 Acres of Undeveloped Land within Terminal facility emissions & contribute to Corporate objective to reduce Scope 3 • Existing and adjacent land can be Undeveloped Terminal Land leveraged to support renewables
Slide 10: Enbridge Ingleside Energy Center Embedded Future Organic Growth
Embedded Future Organic Growth Strategy Opportunity Set Strategic Locations Support • Suezmax-capable berths to increase export capacity Future Organic Growth Enbridge Ingleside Energy Center Crude Loading by up to 1 million barrels per day (est. in-service 2023) and Storage Expansions • Up to 5.5 m
Slide 11: Contact Information
Contact Information Rebecca Morley Vice President, Investor Relations 1-800-481-2804 Investor.Relations@enbridge.com 11