Enbridge Inc. · TSX:ENB
Enbridge — Investor Presentation (December 2012)
15 slides from Enbridge's investor presentation, Dec 6, 2012
Slide 1: 2013 Earnings Guidance
2013 Earnings Guidance December 6, 2012 Al Monaco President & CEO J. Richard Bird Executive Vice President, CFO and Corporate Development
Slide 2: Agenda
Agenda • Overview & Strategic Update: Al Monaco • Guidance Details: J. Richard Bird • Question & Answer Period 2
Slide 3: Legal Notice
Legal Notice 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. FLI is typically
Slide 4: Dividends Per Share
12% Dividend Increase for 2013 Dividends Per Share $1.26 $0.42 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 4
Slide 5: Earnings Per Share
An Industry Leading Growth Outlook 2013 Adjusted EPS* Guidance Range $2.00 $1.90 $1.74 $1.74 Earnings Per Share $1.58 $1.50 $1.46 $1.00 2011 2012e 2013e 5 * Please refer to Non-GAAP Measures disclosure in news release. All figures are based on US GAAP reporting.
Slide 6: $1.8 Billion – Edmonton to Hardisty
$1.8 Billion – Edmonton to Hardisty Mainline Expansion Program Fort McMurray Edmonton Hardisty Regina Gretna Edmonton to Hardisty – Mainline Expansion: Clearbrook • Capital Costs = $1.8 billion • New 36” pipeline, plus additional tankage and terminal facilities Superior • Initial Capacity = 570 kbpd
Slide 7: $6.2 Billion – Light Oil Market Access
$6.2 Billion – Light Oil Market Access Hardisty Gretna Montreal Clearbrook Superior 1 Canadian Mainline Terminal Capability ($0.6B) Sarnia 2 Sandpiper Project ($2.5B) Chicago Toledo Flanagan 3 U.S. Mainline Expansion ($1.8B) a) Superior to Flanagan Patoka b) Chicago Area Connectivity 4 Eastern Acces
Slide 8: East Coast Market Access
East Coast Market Access Eddystone Rail Terminal Canadian and U.S. East Coast Refinery Markets 8
Slide 9: 2012 Growth Project Securements
2012 Growth Project Securements $8 B $3 B $2 B $1 B Q1 Q2 Q3 Q4 • Flanagan South • Eastern Access • EGD’s Greater Toronto • Light Oil Market Access Pipeline Upsize Area (GTA) Reinforcement • Edmonton to Hardisty • Mainline Expansion • Seaway Pipeline Twin • Suncor Bitumen Facilities Mainline Expansi
Slide 10: Growth Plan Investment Status Update
Growth Plan Investment Status Update 2012 – 2016 Enterprise Wide Growth Capital Risked Unsecured Highly Probable Unsecured Commercially Secured $35 B $35 B $5 B $5 B $4 B $12 B $26 B $18 B Enbridge Day Current 2012 10
Slide 11: An Industry Leading Growth Outlook
An Industry Leading Growth Outlook Adjusted EPS* Growth $3.00 Highly Probable Unsecured Commercially Secured • Tilted Return Projects • 2016 Risked Unsecured • New Growth Platforms • Sponsored Vehicle Drop Downs $0.00 2011 2016e 11 * Please refer to Non-GAAP Measures disclosure in news release. All
Slide 12: Segmented Earnings Variance 2013e vs. 2012e
Segmented Earnings* Variance 2013e vs. 2012e Liquids ++++++ Gas Distribution Flat Gas Pipelines, Processing & Energy Services - Sponsored Investments + Corporate Flat 2013 Adjusted EPS Guidance: $1.74 to $1.90 * Please refer to Non-GAAP Measures disclosure in news release. All figures are based on U
Slide 13: Enterprise Wide Funding & Liquidity Actions
Enterprise Wide Funding & Liquidity Actions ($ Billions) Funding Source Q4 2012 YTD Noverco Secondary Common Equity Sale – $0.3 ENB Primary Common Equity – $0.4 ENB DRIP Common Equity $0.1 $0.4 EEP Class A Common Equity – $0.4 ENF Common Equity $0.2 $0.2 ENB Preferred Equity $0.4 $2.7 Medium Term No
Slide 14: Project Returns & Profiles Update
Project Returns & Profiles Update Enbridge Inc. First Full Full Life Years to Project / Program Investment Year DCF ROE Attain ($ Billions) Eastern Access1 $1.9 2014 low double digits 4 USGC Access2 $5.4 2015 low double digits 5 Edmonton to Hardisty Expansion1 $1.8 2016 low double digits 0 Light Oil
Slide 15: 2013 Earnings Guidance Q & A
2013 Earnings Guidance December 6, 2012 Q&A