Enbridge Inc. · TSX:ENB
Enbridge — Shareholder Meeting (May 2013)
68 slides from Enbridge's shareholder meeting presentation, May 8, 2013
Slide 1: Enbridge Inc. Annual Meeting of Shareholders
Enbridge Inc. Annual Meeting of Shareholders May 8, 2013
Slide 2: Meeting Agenda
Meeting Agenda • Minutes of the Meeting of Shareholders – May 9, 2012 • Financial Statements and Auditors’ Report • Election of Directors • Appointment of the Auditors • Say On Pay • Termination of the formal business of the meeting • Update from President & CEO, Al Monaco • General question period
Slide 3: Approval of the Minutes
Approval of the Minutes Motion: “THAT the Minutes of the Annual Meeting of Shareholders held on May 9, 2012, as now submitted to this Meeting, be taken as read and approved.”
Slide 4: Election of Directors
Election of Directors 12 Directors are to be elected at this meeting
Slide 5: Appointment of Auditors
Appointment of Auditors Motion: “THAT PricewaterhouseCoopers LLP be appointed Auditors of the Company, 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 6: 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 20 of the Management Information Circular for this Meeting, be and is hereby approved.”
Slide 7: Enbridge Inc. Annual Meeting of Shareholders – Al Monaco
Enbridge Inc. Annual Meeting of Shareholders Al Monaco President and CEO May 8, 2013
Slide 8: Legal Notice: Forward-looking Information
Legal Notice: 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 oth
Slide 9: Perry
Perry
Slide 10: Enbridge's Role
Enbridge’s Role Perry
Slide 11: Enbridge's Role
Enbridge’s Role ENBRIDGE
Slide 12: World's longest liquids system
Enbridge’s Role world’s longest liquids system
Slide 13: 2.5 million bpd delivered
Enbridge’s Role 2.5 million bpd delivered
Slide 14: 53% of US crude oil exports
Enbridge’s Role 53% of US crude oil exports
Slide 15: 25%+ of US crude oil imported from Canada
Enbridge’s Role 25%+ of US crude oil imported from Canada
Slide 16: 2 million customers
Enbridge’s Business 2 million customers
Slide 17: #1 generator of solar energy in Canada
Enbridge’s Role #1 generator of solar energy in Canada
Slide 18: #2 generator of wind energy in Canada
Enbridge’s Role #2 generator of wind energy in Canada
Slide 19: Where Energy Meets People
Where Energy Meets People Cypeniean . a oi —
Slide 20: Where Energy Meets People
Where Energy Meets People
Slide 21: Where Energy Meets Growth
Where Energy Meets Growth ENBRIDGE
Slide 22: Where Energy Meets Jobs
Where Energy Meets Jobs Cypeniean
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Slide 24: Slide 24
Slide 25: Perry
Perry
Slide 26: Our Approach to Business & Communities
Our Approach to Business & Communities
Slide 27: Focus on Safety and Operational Reliability
Focus on Safety and Operational Reliability
Slide 28: Solutions for our Customers
Solutions for our Customers “ENBRIDGE Suncor
Slide 29: Growing Organically
Growing Organically @ hep
Slide 30: Financial Discipline
Financial Discipline Géusniwce
Slide 31: Long-term Sustainability
Long-term Sustainability Chrome
Slide 32: Value Proposition
Value Proposition — 10 . 0. 76 ‘V4 TN: rat a ay 4 9 Reliable Growing iy Business Income Model Stream Pte 4 a .
Slide 33: A Look at 2012
A Look at 2012 Perry
Slide 34: A Look at 2012
A Look at 2012 • Adjusted earnings $1.62 / share • 11% over 2011 • Increased dividend by 12% • 18th consecutive annual increase
Slide 35: A Look at 2012
A Look at 2012 Enbridge Performance Relative to S&P/TSX Composite Index As at December 31, 2012
Slide 36: A Look at 2012—Locking Down Growth
A Look at 2012—Locking Down Growth $28B in commercially secured projects
Slide 37: Sustainability Recognition
£.* GLOBALIOO (( 100 Ne Dow Jones. r ( Sustainability Indexes Member 2012/13 BEST 50 2012 1} CORPORATE CITIZENS Canada's Greenest Employers
Slide 38: Perry
Perry
Slide 39: The Changing Energy Landscape
The Changing Energy Landscape
Slide 40: North American Crude Oil Supply Forecast
The Changing Energy Landscape North American Crude Oil Supply Forecast $12.5 Billion in execution
Slide 41: Crude Oil Discounts
Crude Oil Discounts Asia EDM $89 $106 $67 WCS Brent* $116 Light Crude Heavy Crude Brent* *Brent price is a landed price on US East Coast/ US Maya Gulf Coast. Assumed tanker freight cost of US$2.00 $103 $116 per bbl.
Slide 42: The Oil and Gas Industry
The Oil and Gas Industry • 1/3 of Alberta revenues • $60B invested into Canada’s economy • 25% of TSX • 555,000+ employed • Generates $18 billion in federal revenues
Slide 43: Perry
Perry
Slide 44: Creating Liquids Pipelines Market Access Solutions
Creating Liquids Pipelines Market Access Solutions Opening new markets for 1.7 million BPD +320 kbpd Eastern Access +80 kbpd Western Gulf Coast Access +300 kbpd Light Oil Market Access +585 +440 Eastern Gulf Coast Access* kbpd kbpd *Risk Unsecured Growth Capital Project
Slide 45: Regional Expansion
Regional Expansion • $3.4B regional oil sands expansion • Bakken expansion complete
Slide 46: Growing our Other Core Businesses
Growing our Other Core Businesses
Slide 47: Growing our Other Core Businesses
Growing our Other Core Businesses
Slide 48: Growing our Other Core Businesses
Growing our Other Core Businesses
Slide 49: Growing our Other Core Businesses
Growing our Other Core Businesses
Slide 50: Perry
Perry
Slide 51: Our Key Priorities
Our Key Priorities Perry
Slide 52: Priority – Focus on Operational Reliability
Priority 1 – Focus on Operational Reliability Our goal is simple: To be the industry leader in key operational areas
Slide 53: Operational Risk Management
Operational Risk Management
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Slide 55: Priority 2 – Project Execution and Focus on Customers
Priority 2 – Project Execution and Focus on Customers
Slide 56: Priority 3 – Extending the Growth Rate
Priority 3 – Extending the Growth Rate Adjusted EPS Growth
Slide 57: New Growth Platforms
New Growth Platforms ENBRIDGE
Slide 58: Sustainable Success
Sustainable Success Perry
Slide 59: Heightened Public Awareness
Heightened Public Awareness
Slide 60: Community Advisory Boards
COMMUNITY » ADVISORY a) BOARDS
Slide 61: Perry
Perry
Slide 62: First Nations Partnerships—SchoolPlus
First Nations Partnerships—SchoolPlus
Slide 63: Community Investment
Community Investment $13M invested in over 550 charitable, not-profit and community organizations
Slide 64: Neutral Footprint
Neutral Footprint ENBRIDGE 588,380 hii GWh 2,668 GWh 1,721 Trees Trees Acres: Acres Forecast ’* Power Removed Planted Disturbed: Conserved Growth in . “Generated & Power = from Consumption Renewable , : Sources
Slide 65: Keeping Communities Safe
Keeping Communities Safe
Slide 66: Keeping Communities Safe
Keeping Communities Safe Chrome
Slide 67: Perry
Perry
Slide 68: Q&A
Q&A