Enbridge Inc. · TSX:ENB
Enbridge — Q3 2010 Earnings Presentation
11 slides from Enbridge's earnings presentation, Nov 3, 2010
Slide 1: 2010 Third Quarter Financial Results
2010 Third Quarter Financial Results November 3, 2010 Patrick D. Daniel President & CEO J. Richard Bird Executive Vice President, CFO and Corporate Development
Slide 2: Outline
Outline • Strategic Update: Patrick D. Daniel • Financial Results: 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: Line 6B Update
Line 6B Update • Clean up completed – met all EPA deadlines. • Beginning long term monitoring program. • Working with NTSB on investigation of cause. • New organizational structure continues focus on operational excellence. • Addressing the impact to people, the communities and the environment is ou
Slide 5: Results Overview
Results Overview Third Quarter Year to Date 2010 2009 2010 2009 Reported Earnings $157 M $304 M $637 M $1,255 M Per Share $0.42 $0.83 $1.73 $3.45 Adjusted Earnings * $196 M $153 M $746 M $616 M Per Share $0.53 $0.42 $2.02 $1.70 2010 Adjusted Earnings* Guidance Range $2.50 $2.60 $2.70 * Please refer
Slide 6: Projects In-Service in 2010
Projects In-Service in 2010 Capital Project In Service Date Expenditure North Dakota Expansion – Phase 6 January 2010 US $140 million Alberta Clipper April 2010 $3.7 billion Southern Lights July 2010 $2.3 billion Sarnia Solar Expansion (60MW) September 2010 $300 million Talbot Wind Project End of 20
Slide 7: Projects Secured in 2010
Projects Secured in 2010 Capital Expenditure Project In Service Date ($ millions) Christina Lake Expansion Late 2011 250 Waupisoo Expansion 2H 2013 400 Wood Buffalo Pipeline Mid 2013 370 Athabasca Expansion Q3 2013 185 Norealis Pipeline (Husky Sunrise) Late 2013 475 Edmonton Terminal Expansion Late
Slide 8: Third Quarter Financial Results
Third Quarter Financial Results Reported Earnings Adjusted Earnings* ($ Millions) ($ Millions) 304 Q3 393 YTD 196 Q3 $1,255 157 Q3 153 Q3 138 YTD 232 YTD YTD 195 $746 558 $637 $616 342 268 318 2009 2010 2009 2010 YTD $3.45 $1.73 $1.70 $2.02 EPS * Please refer to Non-GAAP Measures disclosure in news
Slide 9: Segmented Earnings Variance
Segmented Earnings Variance 2010 vs. 2009 Adjusted Earnings* Third Quarter Year-to-Date + Liquids Pipelines ++++++++ ++ Natural Gas Delivery & Services + ++ Sponsored Investments +++++ Corporate - * Please refer to Non-GAAP Measures disclosure in news release 9
Slide 10: Key Takeaways
Key Takeaways • Clean-up efforts nearing completion • Strong third quarter results • Well positioned to achieve upper half of guidance range • $6.5 billion of growth projects placed into service in 2010 • Over $3 billion in new growth projects secured in 2010 10
Slide 11: 2010 Third Quarter Financial Results Q & A
2010 Third Quarter Financial Results November 3, 2010 Q&A 11