Enbridge Inc. · TSX:ENB
Enbridge — Shareholder Meeting (May 2017)
39 slides from Enbridge's shareholder meeting presentation, May 11, 2017
Slide 1: 2017 Annual Meeting of Shareholders
2017 Annual Meeting of Shareholders May 11, 2017 Calgary, Alberta
Slide 2: Welcome
Welcome Tyler Robinson Vice President & Corporate Secretary Enbridge Inc.
Slide 3: Safety Moment
Safety Moment Emergency exit procedure • Emergency exits are located at the back of the room • In an emergency, building alarm will sound, exit in orderly manner the same way you came in • Proceed out of the main doors leading to 4th Avenue and away from the building 4th Avenue
Slide 4: Our Agenda
Our Agenda • Business of the Meeting • Minutes of the Meeting of Shareholders – May 12, 2016 • Financial Statements and Auditors’ Report • Election of Directors • Appointment of Auditors • Shareholders Rights Plan • Say On Pay • Shareholder Proposal • Termination of the formal business of the meetin
Slide 5: 2017 Annual Meeting of Shareholders
2017 Annual Meeting of Shareholders Greg Ebel Chair, Board of Directors Enbridge Inc.
Slide 6: Approval of the Minutes
Approval of the Minutes Motion: “THAT the Minutes of the Annual Meeting of Shareholders held on May 12, 2016, as now submitted to this Meeting, be taken as read and approved.”
Slide 7: Election of Directors
Election of Directors 13 Directors are to be elected at this meeting: Gregory L. Ebel Pamela L. Carter Clarence P. Cazalot, Jr. Marcel R. Coutu J. Herb England Charles W. Fischer V. Maureen Kempston Darkes Michael McShane Al Monaco Michael E.J. Phelps Rebecca B. Roberts Dan C. Tutcher Cathy L. Willi
Slide 8: Appointment of Auditors
Appointment of Auditors Motion: “THAT PricewaterhouseCoopers LLP be appointed Auditors of the Corporation, to hold office until the close of the next Annual Meeting of Shareholders at such remuneration as shall be fixed by the Board of Directors.”
Slide 9: Shareholders Rights Plan
Shareholders Rights Plan Motion: “THAT the Resolution to ratify, confirm and approve the Shareholder Rights Plan, the text of which is set forth on page 23 of the Management Information Circular for this Meeting, be and is hereby approved.”
Slide 10: Say on Pay
Say on Pay Motion: “THAT the Resolution to accept the approach to executive compensation, the text of which is set forth on page 23 of the Management Information Circular for this Meeting, be and is hereby approved.”
Slide 11: Shareholder Proposal
Shareholder Proposal Motion: “THAT the Board of Directors prepare a report to shareholders detailing the due diligence process used by Enbridge, its affiliates and subsidiaries to identify and address social and environmental risks, including Indigenous rights risks when reviewing potential acquisit
Slide 12: Forward-Looking Information
Forward-Looking Information This presentation includes certain forward looking information (FLI) to provide Enbridge shareholders and potential investors with information about Enbridge and management’s assessment of its future plans and operations, which may not be appropriate for other purposes. F
Slide 13: 2017 Annual Meeting of Shareholders
2017 Annual Meeting of Shareholders Al Monaco President & Chief Executive Officer
Slide 14: The Enbridge Team
The Enbridge Team CENBRIDGE 2 ak?
Slide 15: The Enbridge Team
The Enbridge Team
Slide 16: Delivering crude oil to market
Delivering crude oil to market
Slide 17: Fastest growing natural gas utility
Fastest growing natural gas utility
Slide 18: Natural gas pipelines & midstream
Natural gas pipelines & midstream
Slide 19: Investing in renewable energy
Investing in renewable energy
Slide 20: Superior Returns for Shareholders
Superior Returns for Shareholders 22 Years of Dividend Increases Total Shareholder Return +15% Enbridge +14% 16.7% 20 Year TSR CAGR +33% S&P 500 Energy S&P 500 1996 2017e 1997 2017
Slide 21: 2016 Financial Results
2016 Financial Results Adjusted ACFFO/Share $4.08 $3.72 $3.02 2014 2015 2016
Slide 22: Transforming Enbridge
Transforming Enbridge • Extend and diversify growth • Re-balance our business mix • Retain low-risk business model • Maintain our values: Integrity, Safety and Respect
Slide 23: North America's premier energy infrastructure company
North America’s premier energy infrastructure company
Slide 24: Industry-Leading Growth
Industry-Leading Growth North American North American Liquids Pipelines Natural Gas Pipelines Natural Gas Canadian Midstream Utilities Renewable Power U.S. Midstream
Slide 25: Industry-Leading Growth
Industry-Leading Growth Secured Project Probability Weighted + Inventory Inventory $28B $48B CAD & U.S. Midstream Green North Power Green American Utilities Power Liquids Pipelines North American CAD & U.S. North Liquids Midstream North American Pipelines American $6 Gas Gas Pipelines Utilities Pipe
Slide 26: Steady and Growing Income
Steady and Growing Income $2.12 2016 2017E 2018E 2019E 2020E 2021E 2022E 2023E 2024E
Slide 27: A New Energy in Energy
CENBRIDGE A New Energy in Energy
Slide 28: North America's Export Opportunity
North America’s Export Opportunity 28
Slide 29: The Emergence of Natural Gas
The Emergence of Natural Gas
Slide 30: Rapid Growth of Renewables
Rapid Growth of Renewables 30
Slide 31: Rapid Growth of Renewables
Rapid Growth of Renewables
Slide 32: Fueling Quality of Life
Fueling Quality of Life SLIDE 32
Slide 33: Building trust
Building trust
Slide 34: Building Trust
Building Trust s—(i‘s;OC;CRR NRO
Slide 35: North America's premier energy infrastructure company
North America’s premier energy infrastructure company
Slide 36: North America's premier energy infrastructure company
North America’s premier energy infrastructure company
Slide 37: Our Leadership Team
Our Leadership Team Cynthia Hansen Guy Jarvis Byron Neiles Karen Radford Executive VP, Utilities & President, Liquids Pipelines Executive VP, Executive VP & Chief Power Operations & Major Projects Corporate Services Transformation Officer Bob Rooney John Whelen Bill Yardley Vern Yu Executive VP & Ch
Slide 38: Q&A
Q&A
Slide 39: 2017 Annual Meeting of Shareholders
2017 Annual Meeting of Shareholders May 11, 2017 Calgary, Alberta