Enbridge Operations and Financial Update

EENBRIDGE 2021 Financial Outlook EBITDA Guidance¹ ($B) DCF/share Guidance¹ $13.9 $14.3 •Solid system-wide utilization - $4.70 $5.00 > $13.3 $4.67 • Favorable . interest expense • Cash tax savings • Maintenance capex 2020 2021e Moda acquisition • Energy Services • Warmer weather •Weaker USD2 (Partially hedged) 2020 2021e On track to meet 2021 full year EBITDA and DCF guidance (1) Adjusted EBITDA and DCF/share are non-GAAP measures. Reconciliations to GAAP measures can be found at www.enbridge.com. (2) Including impact of hedges. Approximately 65% of distributable cash flow has been hedged for 2021 at an average rate of $1.28 CAD/USD. Guidance assumes unhedged portion CAD/USD of $1.30 22 22

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