Enbridge Inc. · TSX:ENB
Enbridge — Q3 2006 Earnings Presentation
10 slides from Enbridge's earnings presentation, Nov 1, 2006
Slide 1: 2006 Third Quarter Financial Results
2006 Third Quarter Financial Results November 1, 2006 Patrick D. Daniel President & CEO Stephen J. Wuori Executive VP, CFO & Corporate Development
Slide 2: Outline
Outline Strategic Update Pat Daniel Financial Results Steve Wuori Question & Answer Period 22
Slide 3: Legal Notice
Legal Notice Certain information provided in this presentation constitutes forward-looking statements. The words "anticipate", "expect", "project“, “estimate”, “forecast” and similar expressions are intended to identify such forward looking statements. Although Enbridge believes that these statement
Slide 4: Overview
Overview Strong Third Quarter, Adjusted Earnings up $18.4 M over Q3 2005 Strong Year-to-Date, 12% Adjusted Earnings Growth Reported Earnings Adjusted Earnings* ($ Millions) ($ Millions) YTD YTD 444.3 YTD 420.5 YTD 382.0 374.5 95.5 Q3 92.3 Q3 67.8 Q3 73.9 Q3 157.9 Q2 93.6 Q2 118.7 Q2 95.6 Q2 220.6 Q1
Slide 5: Liquids Pipelines Progress – Strategic Initiatives
Liquids Pipelines Progress – Strategic Initiatives Southern Access Expansion Phase I 120,000 bpd by end of 2006 Southern Access Extension Extend into Patoka, Illinois US$350 million Alberta Clipper Shipper support for integration with mainline Phase I capacity increased to 450,000 bpd US$1.9 billion
Slide 6: Gas Positioned for Growth
Gas Positioned for Growth East Texas System Expansion – Deep Clarity (EEP) Extending system into southeastern Texas Approx. 75% of capacity contracted Enbridge Offshore Constructing Gathering Lateral to Tie-in Shenzi Field Acquisition of New Lateral to the Stingray Pipeline Vector Pipeline 200 MMcfd
Slide 7: Financial Results
Financial Results 2006 2005 Third Year-to- Third Year-to- Quarter Date Quarter Date Reported Earnings $96 M $444 M $68 M $382 M Per Share $0.28 $1.31 $0.20 $1.13 Adjusted Operating* $92 M $421 M $74 M $375 M Per Share $0.27 $1.24 $0.22 $1.11 * Please refer to Non-GAAP Measures disclosure in news rel
Slide 8: Diversified Segment Contributions
Diversified Segment Contributions 2006 Adjusted EPS Third Quarter Year-to-Date Liquids Pipelines + ++ Gas Pipelines + Gas Distribution + + Sponsored Investments + + International + Corporate - - 88
Slide 9: Key Takeaways
Key Takeaways Third Quarter Results – Strong Again Fully Expect to Meet Guidance – Strong diversified earnings base Progress on Strategic Initiatives – Future earnings growth 99
Slide 10: 2006 Third Quarter Financial Results
2006 Third Quarter Financial Results November 1, 2006 Questions…