Enbridge Inc. · TSX:ENB
Enbridge — Shareholder Meeting (May 2015)
40 slides from Enbridge's shareholder meeting presentation, May 6, 2015
Slide 1: Annual & Special Meeting of Shareholders
Annual & Special Meeting of Shareholders May 6, 2015 Toronto, Ontario
Slide 2: Tyler Robinson
Tyler Robinson Vice President & Corporate Secretary Enbridge Inc.
Slide 3: Safety Moment
Safety Moment – In event of emergency, alarm will sound – Emergency exists are located at back of the ballroom – Exit in orderly fashion and listen for overhead announcements – Once outside, move towards the garden next to the fire station (SE side of Hotel)
Slide 4: Meeting Agenda
Meeting Agenda – Minutes of the Meeting of Shareholders – May 7, 2014 – Financial Statements and Auditors’ Report – Election of Directors – Appointment of Auditors – Confirm By-Law No. 2 – Say On Pay – Termination of the formal business of the meeting – Update from President & CEO, Al Monaco – Gener
Slide 5: David A. Arledge
David A. Arledge 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 7, 2014, as now submitted to this Meeting, be taken as read and approved.”
Slide 7: Election of Directors
Election of Directors 11 Directors are to be elected at this meeting: David A. Arledge James J. Blanchard Marcel R. Coutu J. Herb England Charles W. Fischer V. Maureen Kempston Darkes Al Monaco George K. Petty Rebecca B. Roberts Dan C. Tutcher Catherine L. Williams
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: Resolution to Confirm By-Law No. 2
Resolution to Confirm By-Law No. 2 Motion: “THAT the Resolution to confirm By-Law No. 2, being an advance notice by- law setting out the process for director nominations, as set out on page 19 of the Management Information Circular for this Meeting, is confirmed.”
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 19 of the Management Information Circular for this Meeting, be and is hereby approved.”
Slide 11: Al Monaco
Al Monaco President & Chief Executive Officer Enbridge Inc.
Slide 12: The Enbridge Leadership Team
The Enbridge Leadership Team Glenn Beaumont C. Gregory Harper Guy Jarvis Al Monaco Byron Neiles Karen Radford David T. Robottom John K. Whelen Vern Yu Leon Zupan
Slide 13: 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 14: Overview
Overview 1. Enbridge’s Role in the Economy 2. 2014 Results & Strategic Progress 3. Capitalizing on North America’s Energy Advantage
Slide 15: Enbridge transports 2.2 million barrels of oil every day
Enbridge transports 2.2 million barrels of oil every day
Slide 16: 2.2 million barrels of oil transported every day
2.2 million barrels of oil transported byEnbridge Enbridgetransports every day 2.2 million barrels of oil every day
Slide 17: 53% of US-bound Canadian crude
53% of US-bound Enbridgecrude Canadian transports 2.2 million barrels of oil every day
Slide 18: +2 million natural gas customers
+2 million natural gas customers Enbridge transports 2.2 million barrels of oil every day
Slide 19: $1.3 billion in new gas pipelines and processing
$1.3 billion in new gas pipelines and Enbridge transports processing initiatives 2.2 million barrels of oil every day
Slide 20: 3rd largest renewable energy company in Canada
rd 3 largest renewable energy Enbridgein company transports Canada 2.2 million barrels of oil every day
Slide 21: Our Purpose
Our Purpose
Slide 22: Our Purpose
Our Purpose I4 i = eT
Slide 23: Our Purpose
Our Purpose ~ s ad
Slide 24: Three Key Priorities
Three Key Priorities 1. Safety & Operational Reliability 2. Executing Our Capital Program 3. Extend & Diversify Growth
Slide 25: Our Value Proposition
Our Value Proposition Visible Growth Reliable Growing Business Income Model Stream
Slide 26: Extending Our Track Record; Building for the Future
Extending Our Track Record; Building for the Future $2.05 – $2.35 $1.90 $1.78 $1.62 $1.46 $1.32 $1.17 $0.87 $0.90 $0.94 $0.80 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015e
Slide 27: 20th Consecutive Dividend Increase
20th Consecutive Dividend Increase 14% average annual $1.86 DPS growth (5-year) $1.40 $1.26 $1.13 $0.98 $0.85 $0.74 $0.62 $0.66 $0.52 $0.58 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015e
Slide 28: Superior Total Shareholder Return
Superior Total Shareholder Return Enbridge Inc. TSX Index 32% 23% 19% 11% 8% 8% 10 Year 5 Year 1 Year
Slide 29: #1 Priority - Safety
#1 Priority - Safety Smart Pipe Technology
Slide 30: #1 Priority - Safety
#1 Priority - Safety Satellite Mapping In-line Inspection ELDER Simulator
Slide 31: Liquids Pipelines – Optimizing Capacity
Liquids Pipelines – Optimizing Capacity
Slide 32: Opening Up New Markets
Opening Up New Markets – Three major +50 kbpd +250 kbpd initiatives provide 1.7 MMbpd of +50 kbpd +50 kbpd increased market access and diversification +250 kbpd +80 kbpd +1.0MMbpd of Heavy +0.7MMbpd of Light +300 kbpd +600 kbpd
Slide 33: Liquids Growth
Liquids Growth Norealis Pipeline Edmonton- to-Hardisty Line 3 Replacement Line 6B Replacement Flanagan South Seaway Twin
Slide 34: Gas Distribution
Gas Distribution
Slide 35: GTA Project
GTA Project =——— GTA Project Route Municipal Boundary 8 Parkway Belt / Utility Corridor
Slide 36: Gas Pipelines & Processing
Gas Pipelines & Processing Marble Falls Facilities Beckville Processing Plant Texas Express Pipeline Walker Ridge Big Foot Gas Gathering Oil Pipeline
Slide 37: Power Generation
Power Generation
Slide 38: Power Generation
Power Generation
Slide 39: Annual General Meeting 2015
Annual General Meeting 2015 May 6, 2015 Toronto, Ontario
Slide 40: Enbridge – Life Takes Energy
&A GENBRIDGE Life Takes Energy~