Enbridge Inc. · TSX:ENB
Enbridge — Investor Presentation (December 2024)
8 slides from Enbridge's investor presentation, Dec 3, 2024
Slide 1: 2025 Financial Guidance
omMorrow | 2025 Financial Guidance December 3, 2024 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 (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: 2025 Financial Guidance
2025 Financial Guidance Diversified supersystems and utility-like business risk drive sustainable investor returns Adjusted EBITDA1 DCF/share1 Dividend/share ($B) $19.4 – $5.40 – $5.50 – $3.77 $5.80 $5.90 $3.55 $3.66 $17.7– $20.0 $5.35 $5.45 $3.34 $3.44 $18.3 $4.85 $16.2 $15.3 $14.1 2021 2022 2023 2
Slide 4: 2025 EBITDA Guidance
2025 EBITDA Guidance Continued strong utilization and new assets driving expected 9% EBITDA growth ($ Millions) 2025e Growth Drivers vs. 2024 Guidance Mainline toll escalators, higher utilization across systems, Liquids Pipelines ~9,600 and secured growth projects reaching ISD Whistler JV and DB
Slide 5: 2025 DCF Guidance
2025 DCF Guidance Impact of tax legislation and higher debt balances partially offsetting EBITDA growth ($ Millions) 2025e Drivers vs. 2024 Guidance Adjusted EBITDA1 (from prior slide) $19,400 - $20,000 Maintenance Capital ~(1,300) Increased due to U.S. Gas Utilities acquisitions Financing Costs ~(5
Slide 6: 2025 Planning Parameters
2025 Planning Parameters Outlook derisked under existing risk management programs Assumptions Quarterly Profile – 2025e (Adjusted EBITDA1) • Embedded revenue growth, high utilization, system optimization and $200M – $300M cost savings 30% • Mainline volumes: ~3.0 mmbpd ex-Gretna • Secured project ca
Slide 7: 2025e Funding Plan
2025e Funding Plan Full year U.S. Gas Utilities contributions improve leverage and payout ratios throughout 2025 Uses & Sources 2025 Exit D/EBITDA2 ($ Billions) 4.5x 5.0x ~$7 Debt Maturities ~$9 Debt Funding ~$7 Secured Growth Capital DCF2 Payout ~$8 ~$14 60% 70% Common Share Internal Cash Flow1 Div
Slide 8: Vice President, Investor Relations
Vice President, Investor Relations 1-800-481-2804 Investor.Relations@enbridge.com