New Energies - Compelling Opportunity Set

Visible 3-Year Plan Outlook DCF/share1 2021e 5-7% Deploy CAGR through 2024 Excess Execute Revenue Capacity Secured Inflators & Productivity Enhancements Capital Program 2024e ENBRIDGE® Post-2024 Cash Flow Growth Drivers: 1. Revenue inflators & productivity enhancements 2. $3-4B of core capital allocation 3. ~$2B of additional capital allocation (alternatives compete) Further Organic growth - Asset M&A Share repurchases Secured growth and deployment of excess investable capacity drives cashflow growth through 2024 (1) Adjusted EBITDA, DCF and DCF/share are non-GAAP measures. Reconciliations to GAAP measures can be found at www.enbridge.com. 28

View entire presentation