Enbridge Operations and Financial Update

Strong Financial Position Debt/EBITDA EENBRIDGE Target Range: 4.5x-5.0x1 2021 financing plan completed at attractive rates - Includes $2.4B of sustainability-linked bonds. Expect to exit 2021 within target D/EBITDA range 2022 expected to be at low end of target range EBITDA contributions from growth capital placed into service in 2021 - - $1.1B Noverco sale to close late 2021 or early 2022 Full year contributions from Moda acquisition 2017 2018 2019 2020 2021e 2022e Increasing financial flexibility through 2021 secured growth execution and asset sales (1) Debt to EBITDA for trailing twelve months 24

View entire presentation