Enbridge Inc. · TSX:ENB
Enbridge — Investor Presentation (2023)
8 slides from Enbridge's investor presentation, 2023
Slide 1: 2023 Financial Guidance
Enbridge Inc. (TSX: ENB; NYSE: ENB) 2023 Financial Guidance
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: 2023 Financial Guidance
2023 Financial Guidance Adjusted EBITDA1 DCF/share1 Dividends/share ($B) $15.9 – $5.25 – $15.0 – $5.20 – $5.65 • Strong growth across the $16.5 $5.50 $15.6 $3.44 $3.55 business (8% EBITDA $4.96 $3.34 $14.0 CAGR vs. 2021) • 28th consecutive dividend increase • Strong balance sheet; lower half of Debt
Slide 4: 2023 EBITDA Guidance
2023 EBITDA Guidance ($ Millions) 2023e Growth Drivers vs. 2022 Guidance Strong Mainline utilization Liquids Pipelines ~9,000 Increased interest in Gray Oak & Cactus II New assets placed into service Gas Transmission & Midstream ~4,300 TETCO rate settlement Gas Distribution & Storage ~1,950
Slide 5: 2023 DCF Guidance
2023 DCF Guidance ($ Millions) 2023e Drivers vs. 2022 Guidance Adjusted EBITDA1 (from prior slide) $15,900-$16,500 Maintenance Capital ~(1,000) Financing Costs ~(3,900) Higher interest rates & new issuances Current Income Taxes2 ~(500) Higher earnings Distributions to Non-controlling Interests ~
Slide 6: 2023 Planning Parameters
2023 Planning Parameters Base Business: • Embedded revenue growth, robust system utilization, & cost Quarterly Profile EBITDA & DCF2 management • Mainline tolling provision consistent with 2022 • Mainline volume: ~3.0mmbpd • Secured project capital only; ~$3B to enter service in 2023 Key Sensitiviti
Slide 7: Equity Self-Funded Model
Equity Self-Funded Model 2023 Funding Plan Industry-Leading Credit Ratings ($ Billions) Rating Business Risk ~$5 Debt Maturities ~$6 Baa1 Debt Funding “Low business risk” Stable ~$5 Secured Growth Capital BBB+ “Excellent” Stable ~$7 ~$12 Internal Common Share Cash Flow1 BBB High “Low-risk diversifie
Slide 8: Contact Information
Contact Information Rebecca Morley Director, Investor Relations 1-800-481-2804 Investor.Relations@enbridge.com