Enbridge Inc. · TSX:ENB
Enbridge — FY2012 Earnings Presentation
12 slides from Enbridge's earnings presentation, Dec 7, 2011
Slide 1: 2012 Earnings Guidance
2012 Earnings Guidance December 7, 2011 Patrick D. Daniel President & CEO J. Richard Bird Executive Vice President, CFO and Corporate Development
Slide 2: Call Outline
Call Outline • Strategic Update: Patrick D. Daniel • 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
Dividend History $1.20 $1.13 $1.00 Dividends Per Share $0.80 $0.60 $0.40 $0.20 $0.00 2007 2008 2009 2010 2011 2012
Slide 5: Recently Secured Growth Projects
Recently Secured Growth Projects • Secured ~$6 Billion in new growth projects since 2011 3 $ Billions 0 Liquids Gas Power/Other Seaway Acquisition & Reversal Cabin Gas Plant Development Lac Alfred Wind Athabasca Twinning Texas Express NGL Pipeline Montana-Alberta Tie-Line Project Line 5 Expansion /
Slide 6: $48 Billion Opportunity Portfolio
$48 Billion Opportunity Portfolio Enbridge Day Current Secured Projects Secured (2011-2015) Projects (2011-2015) $ 8.5 B $ 11 B Risk Adjusted Risk Projects Adjusted (2011-2015) Projects $ 11.5 B (2011-2015) $9B 6
Slide 7: Operational Risk Management Plan
Operational Risk Management Plan 1. Integrity Management 2. Third Party Damage Avoidance and Detection 3. Leak Detection Capability and Control Systems 4. Incident Response Capacity 5. Worker and Contractor Occupational Safety 6. Public Safety and Environment Protection 7
Slide 8: Continued Industry Leading EPS Growth
Continued Industry Leading EPS Growth $2.00 $1.74 Earnings Per Share $1.58 $1.50 $1.48 $1.38 $1.00 2011 2012e Note: Adjusted EPS 8
Slide 9: Continued Industry Leading EPS Growth
Continued Industry Leading EPS Growth $3.00 CTS CTS $0.00 2010 2015e Note: Adjusted EPS
Slide 10: Segmented Earnings Variance 2012e vs. 2011e
Segmented Earnings* Variance 2012e vs. 2011e Liquids ++++++ Gas Distribution Flat Gas Pipelines, Processing & Energy Services - Sponsored Investments ++ Corporate - 2012 EPS Guidance: $1.58 to $1.74 * Adjusted earnings 10
Slide 11: Funding Requirements Excluding Sponsored Vehicles (2011-2015)
Funding Requirements Excluding Sponsored Vehicles (2011-2015) Maintenance Capital 3.2 ($ Billions, as at November 2011) Secured Growth Capital 8.9 Risked Growth Capital 5.6 17.7 Cash Flow Net of Dividends (8.2) – (8.5) Net Funding Required 9.2 – 9.5 Debt Equity Total Requirement 7.6 Total Requiremen
Slide 12: 2012 Earnings Guidance Q & A
2012 Earnings Guidance December 7, 2011 Q&A