Slide 1: Annual Meeting of Shareholders
2018 Annual Meeting of Shareholders Al Monaco President & CEO May 9, 2018 Calgary, AB
Slide 2: 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 3: The Enbridge Team: Invested & Proud
The Enbridge Team Invested & Proud
Slide 4: A Great Company, Positioned for the Future
A Great Company, Positioned for the Future Our Value Proposition 4
Slide 5: Our #1 Priority: 2017 Safety Performance
Our #1 Priority: 2017 Safety Performance Total Recordable Incident Frequency (Employees, Incidents/2000,00 hrs worked) 1.81 0.72 Enbridge Industry Average Despite exceptional results, we are always vigilant and focused on improving safety 5
Slide 6: 2017: Growing the Business - $12B of new assets placed into service
2017: Growing the Business Wood Buffalo Dawn-Parkway Expansion Bakken Pipeline $12B of new System assets placed into service Sabal Trail Chapman Ranch 6
Slide 7: 2017 Accomplishments
2017 Accomplishments Strong Dividend Growth Continues • Raised $14B to fund asset growth 10% 3 Year CAGR • Achieved $2.5B in asset sales 15% • Results: DCF of $3.68/share • Sanctioned $4B of new projects • Increased the dividend by 15% - our 23rd consecutive year of dividend increases 2014 2015 2016
Slide 8: Our 3-Year Plan
Our 3-Year Plan Our 6 Key Priorities: 2018 – 2020: • Move to pure regulated pipeline/ utility model Safety & Operational Execute Maximize Value of Reliability Capital Program Core Businesses • Sell $3B in non-core assets • Deliver on $22B capital growth program • Extend growth beyond 2020 Position f
Slide 9: The Opportunity for Energy: North America Global Energy Exporter
The Opportunity for Energy North America: Global Energy Exporter 9
Slide 10: The Opportunity for Energy: The North American energy debate
The Opportunity for Energy The North American energy debate 10
Slide 11: The Opportunity for Energy
The Opportunity for Energy Why energy matters What if we can’t get our We should be proud of to people resources to market our environmental record Fueling quality of life Driving economic opportunity Reducing emissions 11
Slide 12: The Opportunity for Enbridge
The Opportunity for Enbridge Enbridge EBITDA (C$B) ~$12.5B $10.3B Renewables Gas distribution Gas transmission & midstream Liquids pipelines 2017 2018e Post-2020 Growth Potential $5-10B $5-10B $5+B $5-10B Liquids Pipelines Gas Transmission Gas Offshore & Terminals & Storage Utilities Renewables 12
Slide 13: Retiring Director, Current Director
Retiring Director Current Director Rebecca B. Roberts Pamela L. Carter 13
Slide 14: The Enbridge Team: Safety | Integrity | Respect
The Enbridge Team Safety | Integrity | Respect
Slide 15: Annual Meeting of Shareholders
2018 Annual Meeting of Shareholders May 9, 2018 Calgary, AB